BitBay’s Decentralized Voting UI marks yet another amazing milestone for the most advanced cryptocurrency wallet on the planet. Today we announce the first Voting Poll to decide whether to fork to correct the BAY Staking reward as soon as possible or wait for the next scheduled fork.
If you would like to participate in this historic event, you still have time to download and install the Client. All Clients must be 100% synchronized. In order to Stake/Vote you must be holding coins in the Client. Say goodbye to political centralized gridlock! This is the first official voting poll for the BitBay community. There will be many more to come as the coin continues to place itself above the competition as the most advanced cryptocurrency wallet in existence.
As some may already know, when David upgraded the BitBay Staking protocol from POS 2.0 to POS 3.0, he made the innocent mistake of adjusting the coin’s interest rate return to the incorrect amount. After this small glitch was found, David came to conclusion he would simply correct the Staking reward when BitBay is scheduled to fork for the implementation of the Dynamic Peg technology, scheduled later this year. With the recent rise in price and substantial boost in community interest, more and more people are voicing their desire to fix this glitch now rather than wait.
To be fair to all and remain true to a decentralized protocol, BitBay will host an official Voting Poll starting Saturday, 04/01/2017 at 7:00 AM UTC and ending on Tuesday, 04/04/2017 at 7:00 AM UTC. Only votes submitted on blocks in that timeframe will be counted. Anyone with coins can vote, as long as they have the Client installed and synchronized; the more coins you have stored on your Client the stronger your voting power becomes as all votes attach themselves to staked block rewards. Within the Client simply go to:
Settings (tab) -> General Settings (dropdown menu) -> Mining/Staking and Voting (tab)
In this window click on Add Vote button and enter:
- stakefork (for the stake reward to be adjusted as a priority)
- nostakefork (to wait until the dynamic peg fork to adjust reward)
Please note: use all lower case letters. Votes are case sensitive.