Guys, I know for a fact, its BTERs wallet. Nobody from dev team sells anything. Trust me, we dont want to just make a quick buck. This project is a business and we dont want to impact our own shareholders we want to grow your shares!

Can't answer the second question, but I believe around 5 - 6 months out was the goal on the hedging system. Someone feel free to correct me if that is not correct.

Less than 5 I think. What will happen to the coins is only a certain percent become liquid BUT they will have a higher value. We can slowly increase the value and liquidity over time. I have a whiteboard video showing how its done on Youtube that im uploading now. Can we get a bounty for people to join BitBay subreddit and Trello community board? Lets post on reddit and we can decide the bounty.

No difference just be patient. My fingers get tired from typing working as fast as I can 

Can you please post a link here to the youtube video when it is uploaded?

I joined the subreddit for BitBay but activity there is low.  Checked in on the Trello page and it is active currently (activity updated while I was browsing) but I am unfamiliarish with it.

I like expanding the point of discourse beyond this thread but I still think that a specific forum would help a lot.  If the roadmap is attended to, then there should be a lot of traffic incoming and it would be easier to organize it on a single forum rather than multiple websites (besides the need to maintain a social media presence if/when this takes off).

Just my two cents....

http://www.youtube.com/watch?v=SfrPRQVSR6Q&feature=youtu.be

http://www.youtube.com/watch?v=hGocWhXsOGE&feature=youtu.be

http://www.youtube.com/watch?v=EhE_K5qmbQc&feature=youtu.be

Sorry to steal your thunder but I found them (Trello) and watched them.  Interesting stuff.  Basically confirmed what I had been thinking in that once you hedge the coin it is set and the liquidity is based on the Marketplace.  Which means there needs to be enough product available and enough people to buy.  The Marketplace is where the 'wheel' will turn more quickly, allowing for frozen to move to liquidity.

So your going to hedge a coin, lock in a value, and allow investors to sell (or not) over time based on marketplace volume.

I think that introducing smart contracts into an online marketplace will be a first and the backing detailed by the rest of the team could make this work.

Kind of fascinating...and if you guys do it then holy crap.

+1

It has taken months for most cryptos to get there. It's a marketcap of 1 million which means a ton of the development was already priced into the IPO without even having been embarked upon.

That's also the reason the price fell immediately after the IPO. Nothing to do with "manipulators" and everything to do with being overvalued. When Facebook had their IPO it already had a working product and a viable business with a track record. It still fell.

Even if this project had been valued at $250,000 as just as an "idea" (which it is) it would still have delivered the founders a decent amount of capital to be getting on with.

I don't blame the people who set the IPO valuation. They're just trying to raise as much as they possibly can and nobody had to buy into it. 10 seconds checking the opening marketcap ranking on http://coinmarketcap.com however, would've shown anyone that there wasn't much gain to be made out of the gate.

It may be and it may not be.

[1] - a huge amount of development was already priced into the IPO

[2] - every man and his dog is bringing out coins with Bitcoin 2.0 and 3.0 features, decentralised exchanges and "smart contracts" right now

It will be a bargain if they actually succeed in creating a marketplace that encourages widespread adoption. But making that market exclusive to one currency is'nt exactly exactly a killer proposal IMO. It's hard enough getting commercial adoption for crypto when your open to all currencies never mind only one that's only held by a tiny minority.

DISCLOSURE: I put 1 BTC into the Bay IPO.

I transfered 300 000 BAY from my wallet to exchange. My transactionslist shows it as 300 001 (tx + fee). Blockexplorer shows additional 478.93 went out (They are actually missing) to BP2jwuJixkCgiemTsUzeYDwAB2vCb5NAoK. Is anyone able to explain this?