Quote from: raisinbran on Today at 12:08:54 PM

The price is receding fairly sharply right now. Was this kind of action foreseen in your planning? I mean, it's unlikely that anything will go monotonically up. Do you fully expect the algorithm to always recover (sooner or later) from this sort of action?

Thanks

The peg is doing great. The peg is best designed to work with sensible volume.
It is currently at its toughest point. Dragging price from a tiny fraction of a cent straight to 20c on no awareness and fighting those that got it for nothing from bittrex dump.

These are just dust amounts of Bitbay. The peg stops huge % of the minting being dumped by whales who control the market in a huge and damaging way. Dust trades mean nothing to the health of the project. The peg is an amazing.

I think one improvement may be a quicker sharper freeze but that's only maybe because I don't fully understand the reasoning behind the current settings.

If bittrex had not caused a mass dump down to stupid levels this would have had an easier start.

Long term if they pull the full roadmap off with fully operational web wallets and mobile wallets with slick market place this will be a 5 bucks per coin plus project. I see nothing this useful and robust anywhere here except in the dreams and fantasies of white papers to entice investors bitcoin away from them. Bitbay is pretty much there I guess they just need the funds for porting this over to android ios and getting a slick front end ux.

I would suggest we all cut the stake rates by 50% for a year or 2 and the remaining is "donated" in a superblock to fund development.

remember we were all staking for 1.5 Bay for a long time.