Bitbay Crypto the new Ebay killer?
Hi guys,
I'm lately hearing great things about BitBay. I just wanted to start a small discussion here about BitBay and its potential for the next years. I'm not biased myself and have not invested yet.
I'm very curious about your opinions cause it seems like a very great tech to me. They are still a very small coin (#77 on coinmarketcap.com) but seem to have enormous potential for the future, especially when reading their website and future development plans (www.bitbay.market). I personally think it's great that they are one of few coins which already have a fully working program and decentralized marketplace on which their coin is based. It's not a hype or pumped up shitcoin, it already can create value for society at this moment, while making profit and sustaining their business. Below is a picture of the features they already have developed in their program and features that they are currently developing and hope to finish by the end of the year.
Compared to SysCoin - which has a marketcap that's 4 times higher - it really seems that they already have the better technology. When they will be able to develop the rolling peg features, making them less vulnerable to price fluctuations while still allowing the price to climb, I really see great potential for BitBay since they would be the first coin to implement this feature.
Currently they only have 1 developer, which is maybe a bit of a disadvantage at the moment, but they are planning to upgrade this number when the core of the program is fully developed. They also have established a full marketing team 3 weeks ago, which can only positively influence the current price I think.
This video also convinced me to start this discussion:
What do you guys think? Are we seeing a massive, sleeping giant here or am I missing out on things?
Thank you so much for showing interest in BitBay! I am a member of the core team and like to follow up on any attention we receive, we very much appreciate the shout out.
For any readers who would like more information on BitBay, I strongly suggest you head to our Slack, where our core team and developer are typically available for questions: http://bitbay.market/wp-login.php?action=slack-invitation
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=890531.0
Again, thanks for the press! We're scaling up and aim to greatly increase brand awareness in the second half of 2017.
This currency is going to skyrocket, and hopefully soon. It's a great investment to get into, and the ideas behind the platform are very progressive in that they let two people make a safe transaction without having to pay a mediator. I love the idea of BitBay and I'm looking forward to seeing where it goes in the future.
Hi, great post ! for a follow and upvote please reply to this message and follow @chrizbiz back:)
Thanks! What do you think about it?
That is what I hope.
No you are not missing anything! I came across this platform quite recently through a reddit post where someone cited this as the #8 of good crypto investments that are upcoming. I have used their software. They actually have a finished software that seems to be more stable than Windows :) !!
Yep, I've already downloaded the client and worked my way through it with the tutorials you find on youtube. The program works like a charm - also on mac - and has some great features and security built in. Really thinking about making a significant investment on this one for the long term.
Is this something like OpenBazaar?
It makes sense to also build a decentralised exchange for things (and currencies, for example BitSquare) instead of only sticking to decentralised currencies.
Its the future.
If I get it correct, the principle of the decentralized marketplace is indeed alike. However, the principle of the third party who both people trust, is completely gone in bitbay. They work with a double deposit escrow, making cheating basically impossible since both parties would end up losing.
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