This thread seems to be attracting heat from Tilecoin holders. Don't understand that. I hold Tilecoin, I think it's a very good project. However the focus of BitBay seems to be a much larger ecosystem. So I don't think it is a threat to Tilecoin. In anycase, IOT is going to heat up quickly in the coming year, so there will be alot more IOT  focused projects coming out. No need to get upset about it.

Insofar as the marketcap & ICO, dev, will you be posting some of the dev budget? That would be very interesting to see. My guess is this would indicate both the scope and seriousness of BitBay. In anycase, the ann states that their target is to capture marketshare from some of these dinosaurs like Ebay and Ali Baba. This takes serious capital. I would be more worried about an ICO that was trying to do this with only 800 BTC like some people seem to be suggesting.

One of the problems so far in developing an fucntioning decentralized marketplace has been exactly this - a lack of capital and committed devs. My guess is that this will be how this project will be measured.