Profile cover photo
Profile photo
Barter on the Blockchain. Bata BTA
29 followers -
BATA | Barter on the Blockchain. The predecessor of trade tokens
BATA | Barter on the Blockchain. The predecessor of trade tokens

29 followers
About
Posts

A bit of an update on development.

Some minor roadblocks migrating to core 0.10. We won't mess up the Bata network while debugging the features, therefore it being tested on other chain for now before release.

We want to make sure there is only one release of the wallet with the core 0.10 so we can move on to the BarterNodes. So as soon as the wallet is up and stable, we can start planning the PoS integration and include it in the code in this release.

As I pointed out earlier in a post miners of Bata are still profitable. This supports the idea that we should not leave them behind.

It seems to us that the pure PoS coins are many, but not a lot of them are surpassing a year on the market. The advantage of hybrids, is you have the attention of both types of 'miners' PoW & PoS.
Add a comment...

It is a good idea to take note that BTA has been a profitable coin for a lot of miners and is in many multipools (Data Source : Coinwarz.com).

Miners usually will mine for profit and cash out for Bitcoin, therefore selling at market bid.

Once the POW / POS stage begins we should see the markets react a different way, as it will also be profitable to hold BTA for POS.

It will be interesting to see what price the trading market will place BTA at.

One should also consider that if Bata where to gain 1% of the 20 Billion Dollar Barter Industry, as a "modest" goal, what BTA would be traded at.
Add a comment...

Post has attachment
Developments are still in progress. The main object which was undertaken to update the core, was for two reasons, so that future updates can be applied with most current core available. Doing this ensures that we do not need to create a whole new client for POS. If we created a POS client straight away, some of the community may not be up to date with the current new chain, losing BTA which is not good for anyone. There is another code update to come. Then will we update the code to POW / POS for a period of time which is still to be determined as stated by Midnight Miner : "I agree with the idea of keeping a PoW / PoS Hybrid wallet. If the price of Bata remains above 5k even 10k would be nice. Keeping a 1 BTA PoW block reward would help chain stability. There are a lot of Scrypt miners out there looking for something profitable to mine. Would need to a build a math model to see what levels are feasible on both PoW and PoS participants."

We will release information regarding the Barter platform developments once a working model is completed.
Add a comment...

Post has attachment

Post has attachment
Bata logo intro to be added to new updated website - coming soon!
Add a comment...

Post has attachment
Do you want to contribute to Bata's network but can't code?
Bata node - BitNodes https://bitnodes.net/services/crowdfunding/bata-node/
Add a comment...

Post has attachment
Bata's TOR & I2P Network explained in infographics. Hide your Bitcoin in $BTA.
Photo
Photo
2015-11-29
2 Photos - View album
Add a comment...

Post has attachment

BTA now available to mine @ Steak Cloud- 10 miners will receive a bonus 100 BTA for mining at http://www.steakcloud.com/
Add a comment...

Less than 30k blocks left before reward halving. Reward reduces to 6.25 BTA - it's time to get some Bata to hold.
Add a comment...
Wait while more posts are being loaded