Is possible see a sample of a shop created with BitBay ?
Well the desktop software has fully decentralized markets. There are not shops. Instead there are "channels" which are Bitmessage channels with security on the same level as TOR. And the nice thing is they are serverless. To join a channel just type in it's name as that will generate the keys for it. There is a default channel where Bitbay offers are posted however nobody is using it as they are waiting for the peg.
We also have online markets at
demo.bitbay.marketAfter all the working product with the marketplace, there isn't much volume for it and its now just listed to one exchange which has a scam accusation. Maybe some exchanges like Crex can help?
good luck in 2020, you guys will (still) need it lol
There is still volume though. The development was completed already and I guess it just need some marketing and people using the decentralized marketplace. A good product that can only be found there will make it good.
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.
Hey good points. It's always nice to know we have so many crypto veterans such as you who really understand this industry. Like you have said investors are easily beguiled because of snake oil salesmen in suits with websites and vaporware. ERC-20 tokens caused a lot of the bubble as it was more work to launch a chain than to issue a token and they just flooded the market with garbage in 2018.
We live in an "Idiocracy" as the schools brainwash everyone and then as victims of brainwashing the people defend the cages of slavery. Slaves enslaving slaves.
The good news is I'm advising on a few different projects. I took the initiative months ago to encourage people to work on exchanges. I'm teaching a dev on how to create multisig exchange so we should end up having a permanent home.
Consider though that even with an exchange that is secure, it needs volume. Multisig exchange is faster than atomic exchange but many times safer than a central exchange. There are some risks though as raw transactions are like blank checks so the exchange can still take whats on the orderbook (but not whats in the joint account). However debts are cleared as often as financially possible to give a user 100% control over their funds again. Like a green address. Granted lighting would be more secure but that requires lots of wealthy holders of each currency to participate and is a technical nightmare. Thus I consider the best exchange method atomic exchange and then just scale each chain to support the increase in transaction volume. Multisig is the next best thing.
Any good exchange needs to be marketed. Most likely, referral programs, trading incentives and such are good.
BitBay you can drive demand if businesses decide to reward users. This was in my latest whitepaper. One really awesome example is let's say you have a real estate investment trust. This company could issue a stock and then have to face the repercussions of standard bureaucracy. However let's say the business rewards holders of BTC with a portion of the dividends. What's good about that approach is BTC itself is not a security simply because some company chose to put their business on the chain.
Still though, to make a business profitable of any kind even to be in the position to pay dividends requires work. So even with an exchange consider the competitive environment. That's why I hope the exchanges that do use this multisig technique market their competitive advantage and hope that consumers are even able to understand why it's a million times more secure than your typical "exit scam exchange"