Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
there is simply no arguing against double deposits it simply makes perfect sense .. especially since it is variable and has a reputation system.
Like david says comparing to the fees you will be saving on ebay the odds simply stack up in the favour of dd. He has listed 10% that is nothing it if far greater than that on many purchases especially with the auto added international scam fees and other additions.
this is a waste of time all you need to do is study it and factor in that it is variable and has reputations system and the fees saved.... it just destroys ebays /paypals current model
even this though is not the main feature with bitbay for me.
the rolling peg and all the other possible usecases for bitbay core are huge.
the speed of development seems slow because david is not good at overselling his product like all other projects that almost have you believe they have these big plans ready to go when in reality they are not even 10% there and probably will never get to 50% ever.
However if david is actually still saying the peg, api and all other road map features will be done by end of year. This is still a huge leap past 99% of shit ico dreams and talk bullshit worth 100's Millions.
I feel (could be wrong) we are still be pushed lower for those whales to accumulate more. This is good for me because I am kicking myself less for not buying more when it was sub 500 I am gradually stacking more.
I still feel a masternode or tiered pos system based on amount held and duration held is key. The peg will null that I guess so have to just wait for that.
I can not wait for the day I see a huge green candle for bitbay it will be one of the most freaky REAL green candles we will ever see.
Like david says comparing to the fees you will be saving on ebay the odds simply stack up in the favour of dd. He has listed 10% that is nothing it if far greater than that on many purchases especially with the auto added international scam fees and other additions.
this is a waste of time all you need to do is study it and factor in that it is variable and has reputations system and the fees saved.... it just destroys ebays /paypals current model
even this though is not the main feature with bitbay for me.
the rolling peg and all the other possible usecases for bitbay core are huge.
the speed of development seems slow because david is not good at overselling his product like all other projects that almost have you believe they have these big plans ready to go when in reality they are not even 10% there and probably will never get to 50% ever.
However if david is actually still saying the peg, api and all other road map features will be done by end of year. This is still a huge leap past 99% of shit ico dreams and talk bullshit worth 100's Millions.
I feel (could be wrong) we are still be pushed lower for those whales to accumulate more. This is good for me because I am kicking myself less for not buying more when it was sub 500 I am gradually stacking more.
I still feel a masternode or tiered pos system based on amount held and duration held is key. The peg will null that I guess so have to just wait for that.
I can not wait for the day I see a huge green candle for bitbay it will be one of the most freaky REAL green candles we will ever see.
Double deposit is really THE shit, arbitrated escrow I find really silly and useless. Nobody except the 2 parties can know who's wrong. The double deposit simply makes stealing disappear, it prevents it.
I think it's really too bad this project didn't have a decent marketing seeing for how long it has been existing up till now, but at the same time I'm glad, because otherwise I would have never been able to buy it at such an undervalued price.
The idea of masternode or staking with duration integrated would be so awesome
Maybe you could also add that people with frozen coins receive even more, thus encouraging more holding and more freezing among buyers.
We don't need masternodes to keep coins away from the exchanges. The double deposit will do that job nicely once the market gains tracktion
What do you mean by that?
How will double deposit help in that?
because it ties up a lot of coins in transactions.
but
tiered pos levels based upon amount held and duration held would be very attractive to investors.
it is probably quite difficult to implement else why would every pos coin not go for this? it encourages saving and accumulating and would require something huge to crash the market. If top level was attained by holding 5M for at least 1 year without spending could be interesting
Of course the tiers would have to be well thought out.
However david assures me the peg is better still so guess we need to wait and see that in action. Sounds great.
there is simply no arguing against double deposits it simply makes perfect sense .. especially since it is variable and has a reputation system.
Like david says comparing to the fees you will be saving on ebay the odds simply stack up in the favour of dd. He has listed 10% that is nothing it if far greater than that on many purchases especially with the auto added international scam fees and other additions.
this is a waste of time all you need to do is study it and factor in that it is variable and has reputations system and the fees saved.... it just destroys ebays /paypals current model
even this though is not the main feature with bitbay for me.
the rolling peg and all the other possible usecases for bitbay core are huge.
the speed of development seems slow because david is not good at overselling his product like all other projects that almost have you believe they have these big plans ready to go when in reality they are not even 10% there and probably will never get to 50% ever.
However if david is actually still saying the peg, api and all other road map features will be done by end of year. This is still a huge leap past 99% of shit ico dreams and talk bullshit worth 100's Millions.
I feel (could be wrong) we are still be pushed lower for those whales to accumulate more. This is good for me because I am kicking myself less for not buying more when it was sub 500 I am gradually stacking more.
I still feel a masternode or tiered pos system based on amount held and duration held is key. The peg will null that I guess so have to just wait for that.
I can not wait for the day I see a huge green candle for bitbay it will be one of the most freaky REAL green candles we will ever see.
Like david says comparing to the fees you will be saving on ebay the odds simply stack up in the favour of dd. He has listed 10% that is nothing it if far greater than that on many purchases especially with the auto added international scam fees and other additions.
this is a waste of time all you need to do is study it and factor in that it is variable and has reputations system and the fees saved.... it just destroys ebays /paypals current model
even this though is not the main feature with bitbay for me.
the rolling peg and all the other possible usecases for bitbay core are huge.
the speed of development seems slow because david is not good at overselling his product like all other projects that almost have you believe they have these big plans ready to go when in reality they are not even 10% there and probably will never get to 50% ever.
However if david is actually still saying the peg, api and all other road map features will be done by end of year. This is still a huge leap past 99% of shit ico dreams and talk bullshit worth 100's Millions.
I feel (could be wrong) we are still be pushed lower for those whales to accumulate more. This is good for me because I am kicking myself less for not buying more when it was sub 500 I am gradually stacking more.
I still feel a masternode or tiered pos system based on amount held and duration held is key. The peg will null that I guess so have to just wait for that.
I can not wait for the day I see a huge green candle for bitbay it will be one of the most freaky REAL green candles we will ever see.
Double deposit is really THE shit, arbitrated escrow I find really silly and useless. Nobody except the 2 parties can know who's wrong. The double deposit simply makes stealing disappear, it prevents it.
I think it's really too bad this project didn't have a decent marketing seeing for how long it has been existing up till now, but at the same time I'm glad, because otherwise I would have never been able to buy it at such an undervalued price.
The idea of masternode or staking with duration integrated would be so awesome
Maybe you could also add that people with frozen coins receive even more, thus encouraging more holding and more freezing among buyers.
We don't need masternodes to keep coins away from the exchanges. The double deposit will do that job nicely once the market gains tracktion
What do you mean by that?
How will double deposit help in that?
When you post a contract for something you want to sell, you also deposit. Say you are selling a $100 item. Then you deposit $100. How long does it take on average before an item is sold? 20 days? (Remember some items are never sold) Let's say 20 days for now. So that's 20 days that $100 are locked in deposit. Then someone buys it and puts up their $100 deposit. How long does it take to ship the item? 2-3 days domestic? Up to 30 days international? Lets say 10 days on average. And remember the sellers deposit is also locked up during shipping. So that's sellers $100 locked up for 30 days + buyers $100 locked up for 10 days. A total of $100 locked up for 40 days. That means an average turnover of $1000 a day in our market will create a demand for Bay in the value of $40 000. A ratio of 1 to 40!
Ok I see thanks guys
If David says rolling peg is even better then I can't wait