Post
Topic
Board Announcements (Altcoins)
Merits 3 from 1 user
Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
by
dzimbeck
on 28/07/2020, 13:32:45 UTC
⭐ Merited by LuckyLeprachaun (3)

I'm stunned we are not in the top 10 coins.


AMEN Doc, currently Ampleforth is in top coins and it's saying they have "elastic" supply because they think 1/10 = 10/100... such a scam. As if Bezos could multiply/split total number of Amazon stocks by 10 and magically make himself a trillionaire. If exchanges listed users by their percent of marketcap that coin would be worthless

BAY works because of users holding EQUITY over reserves!! That special equity is what makes the magic happen. It matters when a person buys, how liquid their coins were at the time and so forth.

What is missing is traditional income streams that most businesses get. If we were to get capital of a few million surely it would go towards things that actually bring home some bacon for the project. We have the talent, we have the peg, it holds 20 cents, all we are missing is resources/liquidity. Plus we succeeded once we can do it again.

One thing our nay-sayers can't deny is that we DID hit .5 billion marketcap after they spent years coming to the forums shitting on the project. We had a win that they will never forget. It's one of the greatest accomplishments in my life. I said years ago, success is the best revenge and I promised we would succeed despite having brand confusion, abandonment from the founders, trolling, censorship and so forth. People said "change the name of the project, go anonymous" and I responded "no, because fuck them and when we succeed it will be that much sweeter."

We did succeed despite all of the adversity. If we can pull it off again the peg will be too strong for anyone to stop because we have built in volatility protection! It's true our future is uncertain, I would never ever create a false expectation. Regardless of the future, we can know we took part in one of the greatest underdog stories in crypto history. When BAY piqued in 2017-18 it was the #1 gaining when Bitcoin bubbled for almost a week straight. It was doing 100% per day without the peg! After all we had gone through it was great. I know a lot of us didn't sell much myself included and what a big mistake to screw up a winning position. But it was a moment I know I personally will never forget. However nobody should underestimate persistence. I've got a more ideas and a few aces up my sleeve still. Even if the moves/changes are radical. It's not over until the fat lady sings.