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BATA - [BTA] [Scrypt] [Anon Tech] [Pow/Pos] [message #24] Fri, 18 March 2016 22:51 Go to next message
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Bata is an encrypted digital currency that has optional privacy features. Bata is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Bata is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Bata features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Bata is a proven medium of commerce complementary to Bitcoin.

Bata's name comes from the word Barter. Barter was the first form of trade.

Direct barter deals can be effective, but they lack flexibility, which limits how often they may occur. The challenge with a direct peer-to-peer barter is you might want something that one person or business has, but they may not want what you have. Bata is currency that can replace dollars. Bata allows barter or trade conveniently across multiple platforms right across the globe.

Bata is flexible, secure and fully accountable peer-to-peer currency that enables individuals access to goods and services all around the world.

Algorithm: Scrypt - Proof-Of-Work / Proof of Stake Hybrid
Symbol: BTA
Difficulty: DGW (Dark Gravity Wave)
Block Time: 90 Seconds
Block Reward: 25
Block Halving: Every 100k Blocks
Premine: Zero
ICO: Zero
Crowdfund: Zero
Total BTA: 5,000,000
Available Supply: 4,254,883

I2P Homepage: http://bata.i2p/
Cryptocoincharts: ays
Bitcoingarden Forum: msg90749
Cryptocointalk Forum: t-pow-modern-day-trade/
Cryptopia Forum:
Faucets (FREE BTA):
Twitter Pay:
Windows Wallet:
Mac Wallet:
Paper Wallet/Cold Storage: erator-master/
Paper Wallet/Cold Storage (Offline):
Electrum Source Code:
Adroid Wallet: t
Coinomi: llet
Payservices: BTA
Block Explorer 1:
Block Explorer 2:
Block Explorer 3:


Bata [BTA] is a currency that has been developed to replace trade tokens in traditional Barter Systems. As the "Sharing Economy" grows, so does the decentralized market. Bata aims to change way the way we trade, by introducing Barter on the Blockchain.

The barter system is an old method of exchange which has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.
Today, bartering has made a comeback using techniques that are more sophisticated to aid in trading online. Barter has grown into a $20 billion-a-year industry. Currently, 60 percent of Fortune 500 companies and hundreds of thousands of other businesses around the world barter.

Barter may also occur in commercial economies, usually during periods of monetary crisis. During such a crisis, currency may be in short supply, or highly devalued through hyperinflation. In such cases, money ceases to be the universal medium of exchange or standard of value. Money may be in such short supply that it becomes an item of barter itself rather than the means of exchange. Barter may also occur when people cannot afford to keep money (as when hyperinflation quickly devalues it).

Barter has been re-invented on a blockchain, decentralized, secure and widely available in the form of Bata (BTA).

BTA will enable you to barter / trade conveniently across multiple platforms right across the globe - buying, selling, swapping and earning.

We are taking Barter to the next level, your community input is greatly valued and can shape the future of commerce.

More information to come on the platform / app to come.

BTA converts slow moving stock, downtime, spare capacity or vacant seats into extra sales.
Gain new customers, who generate increased sales income
Move excess stock or utilise downtime
Free up cash to pay existing expenses
Increase profits from introduction of new business
You don't have to purchase from the same business that purchases from you
You can spend with anyone locally, nationally and internationally
You can sell now and buy later, or buy now and sell later
You can use Bata as capital to trade, even before making a sale

Promote your company to thousands of local, national and international businesses who are all potential customers. Every new customer brought to you by the Bata community brings new income on top of what you're already receiving, which will help to increase your profit margins.

The great thing about this Barter service vs current systems that rely on a line of credit and debt system is that your BTA can go up in value, so instead of being in debt your are potentially going to make money by holding BTA, or cash out, in 30+ currencies.

Here is an example on how BTA works - provided by BTA / BCT community member: thoth-Atlantian

It's all about idle stock & capacity!

I will use a restaurant as my example.

John owns a restaurant that 5 nights a week is only 65% full,
He has all his normal staff on, the lights and gas equipment is on but he could still seat another 45 people.
That is idle capacity.
So he has the latest BATA app and sets it to open for BATA!

Susan the head of Advertising at some local radio station who is taking out some clients to impress them see's this and goes to Johns restaurant using BATA as her means of payment.

Now this works well for John as he wouldn't normally have had anyone to fill that table on that night and instead of it going to waste he sold $300 worth of food. Because his food costs are only 25% and everything else was being paid for anyway
Whatever he buys now with his BATA will be at a 75% discount!!!

What about Susan you ask? well radio has plenty of idle time to sell with low overheads, she was straight onto the new BATA app when she saw it was available, As she has high customer relations costs.

Also she had her bathroom remodelled by Bob the builder whose booked job was rained out for the week and had to line up some inside work to help pay the guys somehow. She was happy to supply the goods and pay for the labour.
Of course after download fee BATA would expect 2.5% fees each way on all transactions and a renewal of subscription annually.[/url]
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[Updated on: Sat, 18 February 2017 01:27]

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Re: BATA - [BTA] [Scrypt] [Anon Tech] [Pow/Pos] [message #61 is a reply to message #24] Thu, 09 February 2017 12:23 Go to previous messageGo to next message
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This has been one heck of a week.

To give everyone here a summary of some events:
1- Everyone has been patiently awaiting the new wallet upgrade / fork to be implemented with Proof of Stake rewards with Hybrid Proof of Work.
2- Our investment club has been one of the few mining this coin for over a year now, keeping quiet and distant... with a small hashrate but low difficulty.
3- We've been purchasing very small amounts of this coin over the last few months.
4- This last weekend we began to purchase large amounts, and so did others, and it began to snowball higher than most early investors anticipated.
5- ALL POOLS have at this time: ceased work, the network hash rate has dropped, and mining has effectively stopped.
6- A Hard fork new wallet is currently being implemented to the network, after months of development by Midnight miner, and testing.
7- The next phase is about to begin - world's first peer to peer barter platform is currently in development stages...

IF you're buying coins right now, it's at a blessing price!

Great work team, let's continue our mission! Smiley

Actually this is what we think happened. Keep in mind, we're not affiliated with this project:

Before a large volume of trades began, the network had a very low hashrate.

Outside Bots obviously boosted the price because of low availability.

Most of us are almost certain none of the DEVS wanted to flood the network before a transition, this can create headaches on its own, never-mind a wallet upgrade during a massive buying frenzy! They're busy at the moment ensuring the integrity of the block-chain while releasing the new wallet upgrade, they really don't care about the current price or your opinions. We decided to voice ours instead.

Prior to this week; very few people were mining it, and even fewer are willing to sell because they see the potential in this project for its long-term uses.

A large portion of the demand, and thus spike in price for this coin the last few days; was due to a small spike of volume from long-term holders.
This intrigued bots and new investors (like you) who simply pump their money into anything "going up" and then cry when you miss the "dump"

High hashrate miners jumped onto this coin when the prices and difficulty increased and what everyone is buying now is their cheap labor, and "newbie" speculative losses.

A few members of our club have noticed some interesting details after discovering one had a screenshot of Bittrex orders/Market history taken Feb 6.

A quick analysis suggests that a large portion of the new BATA coins being sold on the exchanges in the recent few days are a direct result of someone or a group selling almost instantly as they mine new coins, THE DEMAND decreased slightly in BATA but increased in BTC value. AVAILABLE SUPPLY has almost doubled in less than a week doing the simple math: the price dropped by half to compensate.

Time: 20:39:30 (02/06/2017)
Price: 0.00006236
Total Buy orders: 1,700,027 (BATA) 9 (BTC)
Total Sell Orders: 235,077 (BATA) 10,072 (BTC)

Time: 20:28:00 (02/09/2017)
Price: 0.00005501
Total Buy orders: 1,680,034 (BATA) 11 (BTC)
Total Sell Orders: 417,477 (BATA) 2,195 (BTC)

Total Wealth Distribution:

Top N addresses Holdings Percentage
Top 10 3,017,694 BTA 61.55 %
Top 100 4,522,949 BTA 92.25 %
Top 1000 4,894,207 BTA 99.82 %
All 12251 4,902,852 BTA 100 %

Richest 10 Addresses

Rank Address Amount Percent of coins Last Change
1 BCpmn5bs... 893,859.0 BTA 18.23 % 6 days 22 hours
2 BCUVBYyb... 443,999.1 BTA 9.06 % 429 days 8 hours
3 BG8W7eWu... 403,557.4 BTA 8.23 % 4 hours 29 minutes
4 BNeArQ65... 292,689.2 BTA 5.97 % 2 hours 21 minutes
5 BG2FusbK... 277,497.0 BTA 5.66 % 168 days 6 hours
6 BJrkz99h... 194,558.5 BTA 3.97 % 2 hours 28 minutes
7 BF9dGysc... 158,845.5 BTA 3.24 % 3 days 12 hours
8 BEJQx7EA... 136,240.1 BTA 2.78 % 4 days 7 hours
9 BJsPi7rK... 115,974.0 BTA 2.37 % 3 days 5 hours
10 BCT6HtMb... 100,474.0 BTA 2.05 % 170 days 21 hours

After a small amount of research, we've found the address we believe is responsible for mining and then attempting to sell over 600,000 coins the past few days. This surge in available coins caused the price to crash. BL2QyJ9C9Fc5uEa2Uj5TFuUCkgGPh67PXh (#12 on Rich list)

Feb 11, 2017 Update:

Bittrex Buy orders: 1,521,109 (BTA)
Bittrex Sell orders: 462,951 (BTA)

Mass seller remaining balance: 69,878.07008316 BTA

Price appears to have paused at 3350

[Updated on: Sat, 11 February 2017 06:50]

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Re: BATA - [BTA] [Scrypt] [Anon Tech] [Pow/Pos] [message #72 is a reply to message #61] Fri, 10 March 2017 18:55 Go to previous message
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A Pump/Dump group is responsible for the recent massive increase in price. If you managed to sell coins at the record highs, now would be a good time to buy them back, the price has returned to "normal".

Speculation clubs continues to plague even the most dominant money markets today. In 1998, GATA exposed the fact that Gold and Silver prices have been artificially suppressed by central bankers in efforts to boost the Dollar and Euro along with Nasdaq and other Wall Street securities. Now in 2017 nothing has changed.

The derivatives markets prior to 2007 was over-leveraged due to speculation. It ended up crashing when people figured out that mostly everything they've been holding was over-valued and their investments had no real-world value whatsoever. Here's a good explanation from the movie The Big Short

Government issued fiat currencies are no longer backed by Gold or Silver bullion, their value depends 100% on their speculative worth based on global demand. Countries involved with the Central Banking System do not need to show that their economies are productive or profitable on a global market, their worth is created by those that believe the currency is valuable. At anytime, countries can flood their markets with newly created dollars (inflation) in efforts to manipulate share prices and create an illusion that the economy is doing well, even though it can be almost insolvent.

Gold and Silver have real world value as industrial materials as well as a speculative store of wealth. They've been considered very valuable for thousands of years due to their low supply and high energy requirements for extraction/production. They've also became useful for production of electronics and in medicine, due to this fact alone demand has increased exponentially. This intrinsic value is only a fraction of the real world price, the rest is speculation.

Crypto-currencies aim to control the rate of inflation and curb corruption, and yet are still vulnerable to speculative investing. They have no industrial use as a raw material, they have a pre-defined finite supply, and require an increasing amount of energy to produce. Similar to gold: Their real world value is also based upon the cost of energy to produce them, along with speculative demand even if they have no industrial use in their "raw" form. Crypto-coins are becoming more favorable for exchange and bartering simply because their high liquidity and ease of use. "BARTER = exchange (goods or services) for other goods or services without using money." World-wide governments are reluctant to call Bitcoin and other crypto-coins "money" because they're very similar to Gold and Silver which are considered commodities.

Shares offered by public companies through major money markets are also vulnerable to speculative boom and bust cycles. What was once considered a profit sharing opportunity for the public to be involved with new projects; can now be considered a liability if a speculative club simply uses it as a quick way to profit and thus abandoning a long-term profitable project. This affects every share holder regardless of the real world performance at that fund or company. Unsuspecting investors with bad timing can suffer huge losses completely out of the control of the company offering the securities because of malicious investors. Profit Hunters Club is working on a Peer to Peer Profit Sharing platform that protects both the offering company and honest investors from speculative investment clubs, using BATA and other crypto-currencies we strive to change how Wall Street and other major markets operate, and plan on working closely with regulative agencies world-wide.

Speculative investment clubs are creating the very foundation that will eventually boost the BTA price in the future, although they might not realize at this time because first, they must face the karma they've created.

[Updated on: Fri, 10 March 2017 18:55]

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