to find the correct wallet folder: type %appdata% into start menu search box. that brings up your roaming folder with bitbay inside.

the 'wallet' and 'backup' names can be used on the same dat file, it's just a way of backing up your current dat file (name it 'backup', move it into a new folder in same location) before you put a different dat file as 'walle't for bay to find when it starts up.

hope i have understood your q correctly.

Think smaller. The reason why Doge works is because a lot of the transactions are about virtually nothing. People throw coins at each other for fun. 

Think about 'bullshit commisions' (yes I coined that phrase right now). 

A bullshit commision is where you 'hire' someone through a smart contract. Your commision is a description of some really ridiculous but easy task. Like:

- Make a reddit post using the words 'banana' and 'airconditioner'
or
- Upload a picture of a duck to imgur and send me the link
or
- Share the FB status update I Just made 


Write that in a contract. Both parties then add some small amount of satoshis in the eskrow and set the transaction and the time limit.   

Now you both have the keys and one of you folks will have to do the bullshit commision. 

Once that bullshit commision is done, you sort out the commision and fulfil the rest of the transaction. The client pays the commisioner his pocket change as a reward and both parties release the eskrow. 

Done. 


Don't do this with large amounts. Or actually do it with large amounts but make sure you screenshot it so the rest of the world can point and laugh at two newbies burning each other's capital . 

Anyway, I hope you all get the point. Smart contracts are new and they only start becoming widespread when more people start using them. First for ridiculous shit like this so you get acquianted with the process AND the consequences and later on for more serious stuff. 

This is where the new economy starts.

Napster -> Bittorrent
Silk Road -> BitBay

You should lern to use wallets first before you invest in coins .

Rename the backup to wallet.dat and place it into the right folder.

Interesting but, is the goal not to instantly exchange to fiat? One of the reasons Bitcoin hasnt gone "to da moon". I see Bitbay as more of it's own ecosystem without the exchange part, eventually...

"Life is antithropic, constantly moving to greater forms of self-organization"

http://youtu.be/teVxpgm74Uw

Even after reading I am still questioning the following:


Lets say I am an travel agency.

Mr Bitbay wants to buy a flight ticket.

I send him an contract? stating he gets his ticket at the times he wants.

Then he pays to middle party??

When he arrives in Bahamas who decided contract is complete ?

and then middle party gives me my money.

Hello Toxamax, Thanks a lot for your reply.

But this collateral money is that my ticket and his money, or my ticket plus money and his money?


Only that part is unclear.

Thanks!!

Hi Toxamax, thanks again for explaining.

This cleared any issues I had!

There is no sense rushing it to other exchanges. Stay the Course.


The best part of all this will be the "Exchange" part

BitBay Market will be the biggest exchange there is.

Where ANYTHING can be traded for ANYTHING. Not just coin for coin.
And all with no worries about getting Goxxed again.

Nice job so far. Stay the course.