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Bitbay

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Thread replies: 3
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File: BitBay_LOGO_rev-274x74.png (14KB, 274x74px) Image search: [Google]
BitBay_LOGO_rev-274x74.png
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Alright gois, tell me again why aren't you investing in the only working truly decentralized crypto marketplace? You don't want to be rich in 2018?
inb4 syscoin
Nop goi syscoin is shit, it used PoW and middlemen escrows, and don't have the wealth of features that bitbay has, especially regarding security and privacy.
inb4 safex, particl
unrealeased/in alpha stage and with nothing of interest to bring to the table
>>
BitBay seems like it will be a fringe market for illegal stuff, mostly because of the idealism of the dev and the pure untampered decentralization and trustless nature of the project. That is not to say it won't rise in value. I just think that bigger actors will force their way in with way more recourses and capture the ebay and amazon markets.
For those that don't know Bitbay allows users to create their own markets and you need to know the exact name to access it - so it works like a password
>>
>>3214916
I think the pure decentralized & trustless nature of it is a big force of this project. There is an unlimited use cases of this, it is just too good to be ignored.
For instance I can make a contract with someone in asia from the west and be certain that the other guy will do his part and that no centralized gov or corps will mess with us.
Also it has built in Tor support so that is also good for people that don't have much freedom like in China and all.
The main dev said the public market can be moderated. And imo that is good for the project because you want mr. everyone to use it, so you don't wanna scare normies with illegal shit or have gov problems.
ALTHOUGH as you said, you can make your own private markets instantaneously so this part can't be moderated and will please people that seek the most freedom and privacy,
IMO it is an overall a solid project, especially knowing that it will soon be rolling pegged (eliminates high price volatility to enable reliable use for consumers, while still allowing growth for investors that want good ROIs).
This rolling peg is fully decentralized and is a world first in the world of crypto so it is huge too.
Also there is a python API to create custom contracts in the making, and the UI will be improved soon so that's cool.
This project has almost 30M market cap without doing marketing, I think it is very undervalued and that many shekels are to be made with it.
Thread posts: 3
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