Post
Topic
Board Announcements (Altcoins)
Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
by
dactylion
on 12/02/2021, 15:32:19 UTC
You should sync with bootstrap and it should work.

The community forum should allow new registrations, I wasn't aware it doesn't send emails. Myself, Craig, Alec, Yshurik and Alec are still quite active.

The fact that it doesn't trade on other exchanges besides Latoken is not our fault. It's because central exchanges are thieves and we got our listing fee stolen from by 3 of them and only Latoken eventually came through. And none of them would accept double deposit escrow, a few of them it turned into a fight just to even ask for escrow (kind of showing they are scams but we took a gamble on 4 of them). Latoken however was very buggy and that has dramatically effected our trading volumes. Furthermore, Cryptopia stole from everyone and vanished and Bittrex who is partner with Upbit delisted and totally censored us probably because they have a bank in their pocket or just that they are sellouts/censors/jerks. After they made millions off of us they turn their back on the tech that enriches them. So yeah we also dealt with censorship from mainstream exchanges and news and that has made me not motivated to talk to those types of companies as I see them as evil in a sense.

With that said, I'm sure theres some good exchanges but its a very expensive gamble and time burn and adding BAY is custom code because of the peg so many exchanges are too lazy or start to act really entitled when they have to do "work". The peg works incredibly well, we are able to tracking BTC peaks moving BAY price from 20 cents to 45 cents and keeping it perfectly stable. The trade off is a lot of the supply has to go to reserve but the theory is when volume picks up it won't matter.

So we need volume and thus we need to be listed on various DEX or exchanges that are almost fully decentralized.

That means we are just going through this stage where we either trade on Latoken when it works or OTC. But it won't stop the project from ultimately getting listed on the appropriate DEX and solving our bottleneck so in the meantime we just have to be patient.
Hi dzimbeck and thank you for the comprehensive answer.

I am not intending to sell my BAY, I was merely expressing pity and will definitely resume my following of BitBay and wish it would get more attention & adoption!

Back to the untouched main point of my post though: As mentioned, I have eventually been able to fully sync the BitBay Linux Qt Wallet (v3.1.2.0-gf683bd6) but do not see an option to import key1+2 .private and .public -- they may have been exported from the Marketplace, can you please hint?

I would also gladly install & try the Android app, as well as report any issues I encounter -- it's just that I am running a custom deGoogled OS (https://e.foundation/), thus have no access to Google Play and would need an installation APK and a checksum from you, if that is feasible?

Thanks!