Quote from: Joe-Bloggs on Today at 01:27:30 PM

This thread seeks to establish is whether or not Bitbay offers more technically than any other alt outside of the top 100 or top 50? Even the top 25. This is not an attemp to claim it is the best project out (although it may be)and to unfairly criticise other projects. I want to hear why any members feel it is not.

What I wanted to do was have a transparent and fair comparison the design and technical advantages that each project has and how those designs open up opportunities for real world applications and use cases.

I've not heard any other criticism other than people are not aware of it. That is entirely irrelevant for this thread.
I want to know what projects if there are any out there offer more than Bitbay outside of the top 100 or even top 50.
I am also a huge fan of ethereum and several other very large projects but I want to locate and invest in lower cap projects for obvious reasons.

So far I see no member suggesting a project that comes even close to offering what Bitbay does for anywhere near this price range. Take into account it is the only plausible fully decentralized peg out there and DDE market place that exists.
The use cases for this are enormous. The elegant design is quite unique.

If you can stabilize a price then you can utilize it as a medium of exchange. This is vital to allow crypto to succeed in achieving mass adoption.
But at the same time stabilizing price into a hard pegged value has more disadvantages than advantages.
Allowing price to continuously discover fair market value is a win win for both investors and speculators.

Never before has crypto been able to provide investors with mathematical certainties about price.
We know the floor price is set to 0.20$ per liquid coin.
We know that the majority consensus of voters can enforce this price.
We also know that there is a fixed amount of coins and they hold a memory that never changes. (however, due to staking supply adjusts - which only adds 1-3% to the supply every year - not enough to hurt price)
And since we know that the price can be enforced and the supply can be determined, then we have all the variables needed to complete a mathematical equation to determine support levels.

Floor Price + Liquid Supply Support + Peg Index Level = Sustainable Market Cap

There are roughly over 1 billion coins in circulation. With a floor price of 0.20$ we can determine that the cost to hold BitBay completely liquid will require about 200,000,000$
With that support level in place, it would be impossible for someone to sell under 0.20$!!!

At that point, they only thing that can happen is that the price will have to go up in value if demand continues to buy!!!
This puts pressure on the price algorithm to increase the floor price value.
The current algo that voters use is very simple. In the future we will allow for custom algo's for voters to use.
The current algo will increase the floor price once the market price increases 3x the floor price for a set amount of time. And then it increases the value of the floor price by by 1.5 times.

So if the market value stayed above 0.60$ for a set amount of time (I think it takes 2-3 days), then the floor price of the algo would increase from 0.20$ to 0.30$
At 0.30$ the equity needed to support a full liquid supply of coins would be roughly 300,000,000
This new value is protected by the majority consensus of voters. It is enforceable!!!

So an investor that decided to provide support of 200,000,000 could eventually see the value of his investment increase 50% with the guarantee that he owns the majority consensus and could protect his equity by voting.
This investor would have literally bought out the bottom with no fear of someone trying to undermine his investment in the future!

Again, we can finally apply math to the price of a cryptocurrency. No one else gives this same kind of guarantee other than hard pegged stablecoins. Which can only provide small ROI by buy low sell high tactics on the spread.

Here is a google spreadsheet that shows how the dynamic peg can freeze liquid coins into reserve coins and let investors determine what market cap is need to support the floor price at a specific peg index level.
https://docs.google.com/spreadsheets/d/1mam-OhRuhbgQWhOPTObBX-cJBEjvK4OexPtgnJF9FKU/edit?usp=sharing