Can we turn this into a press release? "Jared responds to critics" or something like that? Truth be said, this warrants a much wider audience. Much wider. Hit the Likes and re-sends.  This is the next best thing to a scoop for the first electronic cryptocurrency press outlet to realize it.  I think it is to much tofugear than digibytes in the process. I hear always tofugear, but I invest in digibyte. With so many employees in the office, that is simply too little progress here.  Where does the journey? Digibytes for fashion-store? DigiReport #3 was a disappointment for me. Is Jared alone in project and the other guys are working for tofugear? How many fulltime-jobs are on the digibyte-project? MemberCount+1, Thank you for expressing your concern and for supporting DigiByte and being active on the forum here. To start off, everyone in the video you saw is working on projects that will directly benefit DigiByte, utilise it as a payment method and help increase adoption of DigiByte in real world scenarios. Many of these projects are not yet public but I can assure you I am not alone and that we really do have several people in house working full time, not to mention others from around the world contributing in many ways. It is important to make a couple distinctions here. First, we have on going development of the DigiByte protocol itself with the upcoming DigiSpeed hard fork. Some of us internally are working on this process along with multiple other people in the community. It is absolutely crucial and important that the development of DigiByte as a protocol stays open, decentralised and spread around the world. The key to rolling out this DigiSpeed hardfork is timing. We already have a significant advantage over Bitcoin from a technological point of view. This includes speed, security, network stabilisation and transaction volume capacity. We will be furthering these advantages with the upcoming DigiSpeed hardfork. With all this in mind we feel it is important not to get side tracked and lost in all the technical details & development. Why completely reinvent the wheel when all we need to do is give it a stronger undercarriage to ride on, better lubrication to move faster, and build it from better materials in order to market it to the world in a way they can easily understand and more importantly, easily use. Take a project like Ethereum for example. Over a year later, $15 million in expenses and tons of hype they try rebuilding everything from scratch and they deliver a command line wallet that is so complicated to use there is no way even your average crypto enthusiast is going to adopt it en mass. This is not to say there is not some potential here in the future with their platform, but the truth is it is much farther away from main stream adoption than Bitcoin and DigiByte at this point. I have a folder on my hard drive with backups of many coin wallets from 2012-2014 that are no longer around and are completely worthless and have been delisted on exchanges and remain unsupported. There are only a handful of coins that will really survive the next couple years. DigiByte will be one of them. With that in mind we are focusing on two new platforms that will undoubtedly drive adoption for DigiByte. We also will be making further additions to leverage the DigiByteTipBot. As for not enough DigiByte progress... the last time I counted we were maintaining and had deployed 17 different pieces of software to help support & maintain the DigiByte network. This includes programs written in PHP, Node JS, C++. C #, Ruby, Python, Java and more. Now we are even doing video editing and graphic design (a talented member of our office.) The second distinction to be made is for services built to use DigiByte as a payment method, security platform or potentially more ( we are exploring some very innovative stuff that can be embedded in the DigiByte blockchain). It is much easier to get developers to work on other projects that utilise DigiByte in other applications. Such as checking out and purchasing something with DigiBytes directly from a stores fitting room. This same technology can easily be adapted and spread among various industries, not just retail sales stores. We have had meetings with some big retailers looking at how they can use digital currency in a real world scenarios just like this. Not even Bitcoin is cracking the physical brick & mortar point of sale in a lot of places. Micro transactions are DigiByte's specialty. We can do them faster, more secure and from anywhere in the world. The vision is there, the path has been cleared and now the building blocks are being laid. Thanks to everyone for your on going support, the DigiByte community rocks! - Jared |
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Seriously - this is a joke surely? 2015 Mid-Year Top 5 Cryptographic Digital Currencies List #1) DigiByte (DGB) – Dying coin #2) NobleCoin (NOBL) – Dead coin #3) quark (QRK) – Dead a long time ago #4) VertCoin (VTC) – Dying after a last chance pump n dump #5) Bitcoin (BTC) – perhaps your only worthwhile choice? But likely to be overtaken within 12 months. This is more a list of bags that you hold rather than coins most likely to prosper. Sorry but I used to respect your opinions but this cannot pass without my comments. The main game in town over the next 12 months will be Ethereum. Cheers - usukan Talk is cheap. What are your reasons? For the negative opinions given above ... ... and for any possible alternatives you might have a justification for that you're able to articulate (including Ethereum, which you did not explain why you're positive on it). Looking forward to hearing back from you on this. |
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In response to the block reward...has there been much discussion around variable block rewards?
A block reward could potentially be calculated based on the algorithm that found the block, the difficulty of that algorithm and how many consecutive blocks in a row that algorithm found.
I know other coins do have variable block rewards so its not like its a brand new thing but it is something I would be open for discussion on. At one point vertcoin was going to implement elasticity.
Here is a quote from a blog post "So, what is elasticity? Cryptocurrencies traditionally operate on an inelastic distribution model whereby the supply of coins is fixed or runs on a schedule (halving). Many prominent economists have commented that the biggest thing holding Bitcoin back from ubiquity is their inelastic distribution model. The problem is one of market volatility – supply does not ever adjust to demand and thus you get massive swings in price (bubbles and crashes). With an elastic distribution model, the supply of spendable coins reacts to the market demand"
I am not saying we should copy other coins but I do feel that a variable block reward / elastic distribution should at least be on the table and discussed.
@HR, Id really love to see what your take is on this. I feel like this would significantly help the stabilization of digibyte and assist with getting away from the massive pump and dumps we are all against.
Please discuss,
~Kayahoga
I'm not too awfully familiar with the VTC proposal, or with the elastic distribution model in particular - I might well be characterized as knowing just enough to be dangerous in these matters. There once was a promising new coin called AidBit with an integrated miner in its wallet, a great kernel, and a very interesting distribution model; unfortunately that coin is now dead (awaiting resurrection?). They had the rewards dropping as difficulty fell, and increasing as it rose, and that, in my opinion, had more to do with AID's demise than anything else, but, instead of repeating myself here, I'll let you read this post I made on the subject (with the Dev's reply): https://bitcointalk.org/index.php?topic=683317.msg8959014;topicseen#msg8959014 This is all very tricky stuff whose ramifications and possible outcomes need to be thoroughly analyzed. As we see in the case of AidBit, even a very good idea and implementation is not enough if you can't develop the community. It seems to me that the current, "industry standard" distribution model of falling/rising rewards with rising/falling hashrates and difficulty might be about the most elastic we can get while still keeping to the central goal of creating a widely distributed user base (it's not "elastic" on a gross, per block, total reward level, but from a per miner, percentage of hashrate, "de facto" point of view it is very much so). Sorry I can't add anything more than more doubts and questions to the discussion. Hopefully as we get more input on the matter from others (especially from the more knowledgeable on the subject and the technical experts), our collective doubts and questions will gel into something a bit more insightful for DGB's future. |
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This new Digireport rocks man...love the background to! very professional..kudos  And the new system also is freaking awesome, we should marketing the hell out of this puppy The world need to know this right  Well said, in every regard. Especially the production values. Very good! And the ideas, innovations, status updates, and invitations to contribute, of course. (Let's keep that 144 year debate alive!) This looks like a very promising way to not only engage with the community, but to also stay in touch. Lookin' like a winner to me. |
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I pledge 1 mill each for 4 and 3 and 1.5 mill for 2. Thanks Eagle for everything you do Sir.
Hear, hear! Add: Would it be possible to change the code so that minted amounts are linked to the address that is minted to? |
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Looks great! As for my initial input regarding the bounty ideas, I like both 2 and 4 a lot. With regards to the translations, what exactly would we be translating? Thanks, and I'll PM you my address.  |
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Great! I was going to setup bounty for this and it looks you are going to be the winner. Just the last piece is missing. Could you create one or two images showing how to send money to several addresses in single transaction using Noblecoin's wallet?
No problem. I'll try to get that for you tomorrow if I can. Done. Send To Several Addresses At The Same TimeFeel free to use these however you please - in their entirety, just selected parts, linking directly, whatever works best for your needs - I'd just ask for a acknowledgement of the source. TIA ADD: BTW, in case you missed it, here's one I did a while back on merging small transactions back together again in the same address (for those still working with the previous version or just cleaning up). Coin Control: How to Merge Small Amounts ("dust") |
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WTB 2M DGB for 25 sats per.
Take it to Cryptsy, and up your offer to 30, cus 25 just might not be seen ever again.  |
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Great! I was going to setup bounty for this and it looks you are going to be the winner. Just the last piece is missing. Could you create one or two images showing how to send money to several addresses in single transaction using Noblecoin's wallet?
No problem. I'll try to get that for you tomorrow if I can. |
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What is the world's oldest, most reliable, and most trusted storage of wealth? Besides the herd of goats? Gold. An it's a commodity. That is the successful crypto's first goal.The Swiss Franc is a foreign currency, but it's treated as if it were a commodity, and you can buy and sell electronically as well. That's the second goal of the successful cryptocurrency.And the comparisons and parallels are direct. |
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I tried to get some insight in the numbers of coins in circulation and as far as I can retrieve values this is what I came up with. All in Million BTC 14.5 LTC 41 DGB 4,635 XRP 31,908 Doge 100,308 Euro 1,041,902 (ECB) US Dollar 3,919,529 Yen 85,662,000 The above FIAT values are retrieved from the M0 money supply from www.tradingeconomics.com and the cryptos from coinmarketcap.com Very interesting debate you bring up: the argument that a cryprocurrency is more an actual “physical cash” comparative, than a “cash + money in the bank” equivalent. I argue for the latter given the inherent “savings” quality (not to mention revolving checking, money fund equivalents, and the like) that the successful cryptos will have. I recently outlined my valuation ideas here: http://asistec-ti.com/tba/pricecalcs2015.htmI really like this Wikipedia basic background article: https://en.wikipedia.org/wiki/Money_supply The St. Louis Fed is another good data source as well. https://research.stlouisfed.org/fred2/series/M2Everything’s relative, and it’s great to see the debate about relative worth moving beyond the narrow confines of the crypto world! |
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Only a 1.3% "Failed Delivery / Undeliverable" rate on the last round! Awesome work HR! Thats a good list of emails you have over there with only 1.3% failed delivery. I'm curious what email you are sending to them? ( Maybe you posted it before and i missed it because if whas afk for some weeks) Thanks for the dedicated work as always! Thanks for the support. It's much appreciated. Here's the link to the final copy for the email that I've sent. http://asistec-ti.com/tba/midyearreport2015.htm Cheers |
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Only a 1.3% "Failed Delivery / Undeliverable" rate on the last round! |
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From a practical standpoint this could have numerous effects (both positive and negative) on the price. I guess, in theory, it would create a new price equilibrium between the supply schedule and demand schedule. But, there's no reason that the actual exchange price would adjust to that new equilibrium point (unless we're talking about in the indefinite long term). It could lower the number of people mining DGB in multipools (the non-dedicated group who just autosell), because it could make DGB less profitable than other coins in the pool; but if it triggers a rise in price to match the new cost of production, then the same people would just jump back in and mine DGB when it's profitable again.
Six one, a half dozen the other. It's like flipping a coin. But, all this assumes that people who mine are the predominate suppliers. If we include traders, we have a different set of supply and demand curves based on significantly different objectives (often different slopes as far as I can tell). Honestly, there's no reason to attempt to guess what effects it would have. It's just guessing. Even if it's educated guessing.
And perhaps without rhyme or reason, I agree. The real question should be if it is the right decision to make for the long term benefit of DGB development and deployment. If the answer to that question is "yes" - then I think it would benefit both traders and miners in the long term.
I agree 100%. |
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I think that the solution is taking DigiByte to the world, in every way we can possibly think of doing it. We've got to 1) continue building community, since that is the essential foundation on which everything else rests, and 2) continue building community, 3) continue building community.
After all, when "bridging", or "selling", or "marketing" to the world, what we're really doing is actually building community. :-)
It's kind of fun. so answer to your private messages please Gotcha. |
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This round was interesting from the psychological point of patience and endurance. I must have spent almost 3 hours “mining” just 100 or so e-mails, was asking myself where else I might look, and thinking that if I could just get another hundred and a half I could settle for a total of 1,250 when I happened on some “second tier” investment banks who are much more inclined to open their doors to the outside world, and, wham, just like that, in just a couple of hours time, I took my list to over 2,000! I had hit a main vein! A real nice batch of personalized contacts. In just a couple of hours! I’m the happy camper. Now it just so happens that I’ve run out of candidates to scour and I don't think I'll push my luck, and I think I’ll leave it at this with 2,000+ (2,178 to be exact) high quality e-mail addresses of principals, senior vice presidents, assistant vice presidents, managing directors, executive directors, heads of research, sector analysts, asset managers, corporate brokering, corporate finance, compliance and sales people in more than 50 companies with international scope. Of course, the early data indicates the expected: that most, if not all, goes directly into Spam, but a good many of us take a peek and sometimes, and, well, if I saw an e-mail saying “Top 5 CryptoCurrency Investments 2015” with no attachment, I might take a look-see. We’ll have to see if their IT departments continue to give me at least Spam access or if they outright block me. Time will tell. While on the one hand I know a lot of these folks are “old guard”, and crypto antagonistic, I also know that of all the target markets I can think of, these are the folks, with their very livelihood centered on financial analysis, investments and risk management, that if anyone knows how to correctly value the real long term investment prospects of crypto, it’s these folks, and that if there’s only one who reacts and gets involved, not even on a company level, but on a personal level – think about it, only one person with the income and wealth of these 2000+ prospects is enough to move markets (and there will be more than one, rest assured, and with time it will become institutional, but remember, for the time being, this is just first contact: the opportunity to get in front of them). Next on the docket? An article about how thinly traded the cryptocurrencies are at present and the need to be patient with opening positions. . . . it would be nice to get a “newsletter” relationship going with as many of these people as possible . . . . . . and in September I’m going to buy a DB or two. |
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Lots of reasonable arguments regarding the 144 year production life.
I'm on the fence for now. It's a tough call.
Certainly is! Possibly haven't had as much fun since 1992 when Britain pulled out of the EMU. It's a rock and a hard place. I'm pretty sure DigiByte would probably lose a lot of dedicated friendly mining as a consequence and we desperately need that but at the same time, it is something that the DigiByte developers could do because they can't force people to buy,mine, hold and support DigiByte. And it's not too clear whether the benefits are really that big of a deal, both short and long term.  I think that the solution is taking DigiByte to the world, in every way we can possibly think of doing it. We've got to 1) continue building community, since that is the essential foundation on which everything else rests, and 2) continue building community, 3) continue building community. After all, when "bridging", or "selling", or "marketing" to the world, what we're really doing is actually building community. :-) It's kind of fun. |
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Lots of reasonable arguments regarding the 144 year production life.
I'm on the fence for now. It's a tough call.
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It's easy to do, and you start seeing tons more NOBL coming into your wallets if you do it.
(First you need to create addresses to send to - it's real easy, "Receive coins" > "New address", but I'll do a real time HowTo tomorrow morning on that.)
[..]
Please do such a HowTo using noblecoin's wallet and I will put it on our wiki. I had it up the next day - updated the original post. Docs above use DigiByte's client. It would be preferable to have images which use Noblecoin's client. That particular one is NOBL. How Can I Create New Addresses in the Same Wallet? |
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