What is the scale-ability of Bitbay and Blackcoin?? How many transactions can be handled per minute?
What happens to the dollar peg if the dollar hyper-inflates and the new global trade settlement standard becomes gold?? I expect this by 2020 and Probably a lot sooner. do you have time frame for when your are going to attempt a dollar peg?
The peg might not be hard set at a dollar...
Regarding pegs, I'd like to bring the following analysis on the subjet from the "nubits" experience. I jope it is useful for Bitbay:
...
Conclusion
In short, NuBits uses increases in its total supply (through various ways) and thus inflation as the only method to combat both an increasing and decreasing price. This might be able to hold for a while, but leaves nothing but a time bomb waiting to go off. The developers might have created NuBits with the best intentions, but until any adjustments have been made it is advised to avoid from this digital currency. A discussion on the discussed problem and possible improvements can be joined on the NuBits forum
here.
source:
Details and Shortcomings of NuBits