The only safe way forward is to bring it all in house with a perm p2p exchange of our own. The peg is brilliant but it will rely on having a reliable exchange at all times. At any point a centralized exchange can be taken down. It would be nice to have a couple of centralized exchange but the fall back and safety net for the peg would need to be our own p2p exchange.

The main issue with alts is the dilution death they are bringing on each other. This is primarily caused by the fact most new investards are totally unable to evaluate the projects on their real merit and value in terms of actually existing and having been developed, and the possible real world advantages and use cases for that project. They are primarily duped by bunch of scamming marketeers and dreamers who are able to win over investors with dreams and techno babble.

The real alts and real projects with real developers need to start to bring this to the investors attention so there can be a sensible consolidation and the rest of the garbage is left to die.

The main points that need to be addressed still for bitbay

a/ solid exchange of our own p2p or our own centralized exchange + plus some other solid listings. In the end the only solid exchanges will be p2p I think.

b/peg up and running on these exchanges

c/web market place polished up and fully functional with slick user interface

d/we need a FUNDING mechanism ( I would suggest the 20 coin reward reduced to 15 and 5 goes to fund new projects with full ledger0

e/api done and Incentives given ( possibly from the dev fund above to build out their own projects upon bitbay there are so many use cases)

f/Incentives given to get people using bitbay from dev fund

g/bring on some big US reshippers or ebayers who can find nice profits on international shipments now ebay is slapping the very huge taxes and import on the items at the start.

h/start building a marketing team for bitbay, they can be paid out of the dev fund. In fact we need to bring on a larger team that can all be paid out of the dev fund. People need to get on board who want to push bitbay and don't object to being paid and holding bitbay for the future. If we only find people that want btc then that demonstrates they don't really have much faith in this project.

5 coins from every pos block or even 3 would create a huge pot of funds that would really bring on a lot of people who are interested in doing micro jobs or even large projects for us.

You get people willing to do plenty of jobs even for micro dust in airdrops of total shit coins. This is 80-90% completed fully functional and highly useful project.

We need to get together and very driven foundation of members for bitbay, yes they can be rewarded from the dev fund.
However, they will need to be believers in this project not outsiders that want immediate fiat or btc rewards because the volume will need to be built up again after some seriously heavy blows from where we were externally vulnerable and huge alt bear market which will not reverse because the dilution just turns people off even more like one huge downward spiral.

The steps above do not need be tackled in that order. I would say the dev funding pot should be the easiest to implement and should be done first so we have a pot of bitbay ( that is not adding to inflation over what we have now) to instigate now some action. We need to be certainly getting ourselves back into the top 50 as soon as possible. Every investor blowing their fiat/btc on these other crappy scams are unlikely to ever find their way to bitbay.

Bitbay is the best value project out there we just need to get a plan of action and have some driving force from a larger community that are willing to help behind it.