Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

quick question, I've got the wallet and everything seems to be running smoothly...except when I click on marketplace its empty am I doing anything wrong?

The marketplace is empty because no one is posting. However, the community IS testing the web based double deposit on beta.bitbay.market if you would like to check that out and even join in.

Many of us are simply waiting for the exchanges to accept the peg.
Once that is resolved I think there will be an uptick in volume and price.

The only reason there is a delay with this crypto 2.0 (BAY/Manipulation Resistant), is that the exchanges have to run our code and it is a bit of a pain to implement; BUT can you imagine the traffic our truly stable coin marketplace will generate for an exchange?

What progress has been made on implementing the peg on BAY's in-house exchange?

On the "in-house exchange" the peg is running beautifully and has been tested. It works great and the price goes over $8.00 pretty quickly.

Thank you for the reply BitBayDoc, and please accept my apologies for not expressing myself properly. I was already aware that the peg was working as intended on the in-house exchange. What I meant to ask was, as this is a functioning exchange with the peg fully implemented, what progress has been made on making this exchange available for public trading?

I'm advising people who want to start exchanges and teaching them a multisig exchange technique so we might end up having a permanent home. Not to mention a much more secure place to trade than a CEX. Since multisig exchange is 2 of 2 but has the speed of a CEX without forcing all the trades on the chain. The user thus only risks the open trades for the time until the transactions are cleared. The clearing may happen every couple days or whatever is the most efficient with blockchain fees.

I have no clue why all exchanges aren't set up this way. It's mind-blowing 2019 and it's like we are always the ones doing the proper security protocols.

Hi David. Welcome back, and thank you for the response.

Glad to hear that you are still pushing the peg-listing issue. Best of luck with your endeavours.

I'd be grateful if you would explain a bit more about multisig//2 of 2, for those of us who are not tech-heads.