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1561  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 29, 2014, 12:30:20 PM
I agree with YC that Jared should start doing some marketing, which we had seen nearly nothing about up to today Smiley We have to really put some effort to do marketing. We should copy the strategy of those widely used, famous coins, XRP is just one example. However, I dont agree on the insider trading and price fixing, it is not ethical first off all, and not different from stealing money in the investor's pocket. But I dont see any problem copying their strategy as long as they are ethic methods. I am not against also to be a bit of centralized in terms of security, liability, etc.

We're not always going to agree on everything, but one thing I agree with 100% is the need to get out there and the need to learn from other people's success (the fact that they may have dubious intentions should not take away from their technique by any means).

What have they done that we could learn from?

1) They have made key connections with key players (from exchanges, to key partners, to 3rd party developers) and implemented their strategy accordingly.

What does one need to do to copy that?

It's called "hitting the pavement". You've got to get out there, sit down with these people in their offices, and hammer out deals. There's no other way of getting things done. Instant messaging only goes so far, and there's a point in time when you need to get face to face and make things happen. Now that DigiByte's got $250,000 worth of backing, there is no excuse that this isn't happening in full force. Of course there are things that can't be done, like giving away a bunch of price fixed coins in exchange for setting up a specialized market, but in lieu of that, we've got the same chances of striking a deal with any of the major players, banks included - in fact, with DGB's transparency and full disclosure, and its widely distributed and secure network really capable of handling the traffic a world wide payment system would require, I would say that we've got distinct advantages.

2) They have been able to get key blogs and writers on the subject to publish interviews with them and other PR enhancing articles.

What does one need to do to copy that?

The same as the first: get out there and get in front of these people and make it happen by making your product's many benefits known to them. But you've got to do it! And you've got to do it with enthusiasm and passion! And you can never stop (until you retire anyway)!

3) They have first class world wide web infrastructure (albeit with lots and lots of dead ends).

What does one need to do to copy that?

Get a webmaster on board NOW and get things rolling in that area: a website that's 24x7, an official blog, and a knowledge base, for starters, for example.


P.S. Jared, please forgive me if you've been doing these things already, but also understand that if nothing's been said with their regards, we can only scratch our heads and wonder - until we began to see others doing it, we weren't really keen on these possibilities, and it's understandable if you were also busy with other aspects of the business and even taking things more easily, but I think that recent events - from DGB's financing to huge inroads being made by the competition - serve to change the focus and give us all a sense of urgency that maybe we might not have felt so strongly before. In any event, and in spite of my "football coach" in-your-face style, please note that I am on your side, but just like that football coach at halftime, I'm asking (again in good faith but looking to shock and looking for a positive reaction): what the fuck are you doing?  Wink

Edit: Perhaps the metaphor might be more accurate if I were to pose the question as a player to his coach (since you more rightly fill the role of coach here) and ask: what the fuck are WE doing?

1562  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 29, 2014, 12:00:08 PM
HR,
 Just so we are clear. I don't have any personal interest in Ripple, nor do I think their practice is the model example for the industry. I am simply stating that whatever they are doing from a marketing perspective is keeping people engaged. Last thing I want to suggest is that price fixing or insiders controlling the movement and future of a digital currency is something I approve of.

YC

No problem YC. I wasn't thinking of you, nor directing my writing to you. However, since I was using my reply to you as the impetus for my comment, I was afraid you might take it personal in spite of all my best attempts to use an impersonal style, and I have been proven correct on that. Sorry about that. It wasn't directed at you and I should have done better at making it even more impersonal. Such are the failings of message forums. I was clear about what you were saying and nothing in what I said - after "you're right" - was directed directly at you. My interest is in generating a serious debate on what I think is a very key component for success, and not in rebuking anyone in particular, and certainly not you.

The crazy thing is the insiders own like 90% of Ripple and yet the price has continued to move up. Think about this for a second. Ripple creates more shares out of thin air and assigns them to their "banking partners" for virtually nothing. Now the outside public believes real life credibility and use is occurring and they start investing. The "banking partners" are now looking at a goldmine in their hands. Ingenious if you ask me. Bad for the folks investing. Ultimately, I think DGB needs to use some of the marketing techniques and relationship to its advantage.

I would not touch Ripple with a ten foot pole. No control and the insiders can dump anytime they choose and the rest are left holding the bag. Why take a chance?

YC


You're right, and while it looks "ingenious", it’s actually nothing new, and is only ingenious for frauds and scammers.

It's called price fixing.

In both cases, XPY and XRP developers have massively pre-mined their coins and, as a consequence, have thereafter controlled supply. If you control the supply, then you can fix the price. Saudi Arabia and OPEC have been doing it for over 40 years. The concept should not be new to anyone. It’s the main justification for antitrust laws (but they only go so far and have limited jurisdiction http://en.wikipedia.org/wiki/Price_fixing ). Another example of a market that was dominated by a single player who fixed price was the diamond market and that single player was De Beers.

What all the entities above have in common is a dominant control of the market and the price manipulation that their dominant control affords them. They also represent centralized, closed decision making systems, which means that end users MUST not only PAY THE PRICE, they MUST also PLACE THEIR TRUST in those controlling entities.

Simply stated, this is the antithesis of the digital currency ethic (and free societies/economies for that matter).

XPY and XRP control the number of coins going to market, and they set the price. Those who collude and receive coins for their collusion (exchanges, banks, 3rd party developers, and the like) agree to limit the number of their coins that go to market as well. Again, can you say OPEC?

In a free market economy, the more distributed the market, i.e., the more players there are, the fairer and better it is for end users (consumers) and producers alike. DGB is a good example of a widely distributed open system where price fixing is next to impossible.

The difference is between control and manipulation, and open and decentralized trading. Millions have placed their entire livelihoods at stake defending the latter (and millions more have even given their lives - you know the drill: so we all can live the lives we live today), and anyone justifying the former is only making clear to the world just what kind of moral fiber he or she is made of.

---------------------------------------------------o---------------------------------------------------

On a longer term note, what are the chances that short term, highly rigged, scams can succeed? I’m not sure, but what I can tell you is that by looking at XPY and XRP infrastructure and judging by the number of product claims that are met with by dead links, I don’t think they’ve got much of a chance of succeeding anytime soon (but remember, as long as they hold the controlling interest, they will be able to control price, and that creates an illusion of success). Furthermore, from a viability standpoint, how in the world do they ever hope to create a functional payment system when the vast majority of the system's “tokens” aren’t even available for use (due to the dominant player’s control of them)? Nevertheless, these kinds of crooks often end up stumbling across dumb luck, and they make good while their competition, although doing everything right, get the guillotine. This is a terribly frightful place for honest competition to find themselves – I would only equate it with being on trial and falsely accused for something you didn’t do, and I would suggest that the same, no holds barred, do or die, strategy needs to be employed with the firm conviction and clear understanding that there just might not be a tomorrow for you (and don’t come crying to me about life not being fair – we all know it isn’t from the start).



I don't like what I'm seeing out there. First we get a paycoin scam from GAWMiners where they pre-mined 12 million of the 12.5 total projected and are now selling to whoever is dumb enough to buy (at $14 the last I checked).

https://bitcointalk.org/index.php?topic=895061.0
https://bitcointalk.org/index.php?topic=900970.0

Now there's even a Ripple market on Cryptsy! Another massively pre-mined "payment system" described by one poster as being "fuel that powers a network, a seemingly useless, centralized, closed source, network that no one actually uses..." in the Wall Observer BTC/USD - Bitcoin price movement tracking & discussion thread:

https://bitcointalk.org/index.php?action=profile;u=135684;sa=showPosts
http://en.wikipedia.org/wiki/Ripple_%28payment_protocol%29
https://bitcointalk.org/index.php?topic=146964.0

Not only do we owe it to ourselves, but we also owe it to everybody else: we must educate the world about what is open source, and what is secure, and what is decentralized, and what is a real life, functioning network. This means debunking the scams, and that means possibly ruffling some feathers, but we have a duty to our fellow humans, don't we? Do we care that unsuspecting victims are being taken. Do we care that our product provides the real thing and is being overlooked? Maybe, maybe not, but one thing's for sure, those behind the business - if only for the business' sake, if only to do the marketing expected of someone who wants to establish their business, if only to become profitable - need to promote the benefits of their product as soon, and as early on, as possible, else they end up failing and saying to themselves "if only we had tried harder to create demand and set ourselves apart when we still had the chance".

DigiByte needs to get aggressive, and fast!


1563  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 29, 2014, 09:34:25 AM
The crazy thing is the insiders own like 90% of Ripple and yet the price has continued to move up. Think about this for a second. Ripple creates more shares out of thin air and assigns them to their "banking partners" for virtually nothing. Now the outside public believes real life credibility and use is occurring and they start investing. The "banking partners" are now looking at a goldmine in their hands. Ingenious if you ask me. Bad for the folks investing. Ultimately, I think DGB needs to use some of the marketing techniques and relationship to its advantage.

I would not touch Ripple with a ten foot pole. No control and the insiders can dump anytime they choose and the rest are left holding the bag. Why take a chance?

YC


You're right, and while it looks "ingenious", it’s actually nothing new, and is only ingenious for frauds and scammers.

It's called price fixing.

In both cases, XPY and XRP developers have massively pre-mined their coins and, as a consequence, have thereafter controlled supply. If you control the supply, then you can fix the price. Saudi Arabia and OPEC have been doing it for over 40 years. The concept should not be new to anyone. It’s the main justification for antitrust laws (but they only go so far and have limited jurisdiction http://en.wikipedia.org/wiki/Price_fixing ). Another example of a market that was dominated by a single player who fixed price was the diamond market and that single player was De Beers.

What all the entities above have in common is a dominant control of the market and the price manipulation that their dominant control affords them. They also represent centralized, closed decision making systems, which means that end users MUST not only PAY THE PRICE, they MUST also PLACE THEIR TRUST in those controlling entities.

Simply stated, this is the antithesis of the digital currency ethic (and free societies/economies for that matter).

XPY and XRP control the number of coins going to market, and they set the price. Those who collude and receive coins for their collusion (exchanges, banks, 3rd party developers, and the like) agree to limit the number of their coins that go to market as well. Again, can you say OPEC?

In a free market economy, the more distributed the market, i.e., the more players there are, the fairer and better it is for end users (consumers) and producers alike. DGB is a good example of a widely distributed open system where price fixing is next to impossible.

The difference is between control and manipulation, and open and decentralized trading. Millions have placed their entire livelihoods at stake defending the latter (and millions more have even given their lives - you know the drill: so we all can live the lives we live today), and anyone justifying the former is only making clear to the world just what kind of moral fiber he or she is made of.

---------------------------------------------------o---------------------------------------------------

On a longer term note, what are the chances that short term, highly rigged, scams can succeed? I’m not sure, but what I can tell you is that by looking at XPY and XRP infrastructure and judging by the number of product claims that are met with by dead links, I don’t think they’ve got much of a chance of succeeding anytime soon (but remember, as long as they hold the controlling interest, they will be able to control price, and that creates an illusion of success). Furthermore, from a viability standpoint, how in the world do they ever hope to create a functional payment system when the vast majority of the system's “tokens” aren’t even available for use (due to the dominant player’s control of them)? Nevertheless, these kinds of crooks often end up stumbling across dumb luck, and they make good while their competition, although doing everything right, get the guillotine. This is a terribly frightful place for honest competition to find themselves – I would only equate it with being on trial and falsely accused for something you didn’t do, and I would suggest that the same, no holds barred, do or die, strategy needs to be employed with the firm conviction and clear understanding that there just might not be a tomorrow for you (and don’t come crying to me about life not being fair – we all know it isn’t from the start).



I don't like what I'm seeing out there. First we get a paycoin scam from GAWMiners where they pre-mined 12 million of the 12.5 total projected and are now selling to whoever is dumb enough to buy (at $14 the last I checked).

https://bitcointalk.org/index.php?topic=895061.0
https://bitcointalk.org/index.php?topic=900970.0

Now there's even a Ripple market on Cryptsy! Another massively pre-mined "payment system" described by one poster as being "fuel that powers a network, a seemingly useless, centralized, closed source, network that no one actually uses..." in the Wall Observer BTC/USD - Bitcoin price movement tracking & discussion thread:

https://bitcointalk.org/index.php?action=profile;u=135684;sa=showPosts
http://en.wikipedia.org/wiki/Ripple_%28payment_protocol%29
https://bitcointalk.org/index.php?topic=146964.0

Not only do we owe it to ourselves, but we also owe it to everybody else: we must educate the world about what is open source, and what is secure, and what is decentralized, and what is a real life, functioning network. This means debunking the scams, and that means possibly ruffling some feathers, but we have a duty to our fellow humans, don't we? Do we care that unsuspecting victims are being taken. Do we care that our product provides the real thing and is being overlooked? Maybe, maybe not, but one thing's for sure, those behind the business - if only for the business' sake, if only to do the marketing expected of someone who wants to establish their business, if only to become profitable - need to promote the benefits of their product as soon, and as early on, as possible, else they end up failing and saying to themselves "if only we had tried harder to create demand and set ourselves apart when we still had the chance".

DigiByte needs to get aggressive, and fast!


1564  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 28, 2014, 10:25:21 PM

I don't like what I'm seeing out there. First we get a paycoin scam from GAWMiners where they pre-mined 12 million of the 12.5 total projected and are now selling to whoever is dumb enough to buy (at $14 the last I checked).

https://bitcointalk.org/index.php?topic=895061.0
https://bitcointalk.org/index.php?topic=900970.0

Now there's even a Ripple market on Cryptsy! Another massively pre-mined "payment system" described by one poster as being "fuel that powers a network, a seemingly useless, centralized, closed source, network that no one actually uses..." in the Wall Observer BTC/USD - Bitcoin price movement tracking & discussion thread:

https://bitcointalk.org/index.php?action=profile;u=135684;sa=showPosts
http://en.wikipedia.org/wiki/Ripple_%28payment_protocol%29
https://bitcointalk.org/index.php?topic=146964.0

Not only do we owe it to ourselves, but we also owe it to everybody else: we must educate the world about what is open source, and what is secure, and what is decentralized, and what is a real life, functioning network. This means debunking the scams, and that means possibly ruffling some feathers, but we have a duty to our fellow humans, don't we? Do we care that unsuspecting victims are being taken. Do we care that our product provides the real thing and is being overlooked? Maybe, maybe not, but one thing's for sure, those behind the business - if only for the business' sake, if only to do the marketing expected of someone who wants to establish their business, if only to become profitable - need to promote the benefits of their product as soon, and as early on, as possible, else they end up failing and saying to themselves "if only we had tried harder to create demand and set ourselves apart when we still had the chance".

DigiByte needs to get aggressive, and fast!


1565  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 28, 2014, 09:53:06 PM
Halinyo,
 You have 100M? Wow, you are a star and will be well rewarded.

YC


I hope so ('cause then I'll be a mini-star). Cheesy

But did you see that boatload of people already using their own particular "version" of DigiPay?

Things are moving at light speed and I hope we're not left behind.

Digipay?


I had the time today to do some reflecting on DGB's long term strategic plan, and it seems to me that it's all going to turn on DigiPay LLC. That is to say that it will be DigiPay that will make or break DigiByte.

And then it occurred to me to google DigiPay:

http://www.townofcary.org/Departments/townmanagersoffice/pio/News_Releases/2014newsreleases/nr_digipay.htm

http://www.digipay.com.ng/

https://www.digipay.ch/

http://digi-pay.com/?reqp=1&reqr=nzcdYaEvLaE5pv5lMt==

https://play.google.com/store/apps/developer?id=DigiPay

http://www.digipaysolutions.com/solutions/payment-gateway

http://www.digipayvoucher.com/

Based on those top 7 search results my main question would be: Does DigiByte have a trademark for DigiPay?

Oh, how I anxiously await Jared's video on where DigiByte is headed and the road map for getting there.


1566  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 28, 2014, 09:38:30 PM
Halinyo,
 You have 100M? Wow, you are a star and will be well rewarded.

YC


I hope so ('cause then I'll be a mini-star). Cheesy

But did you see that boatload of people already using their own particular "version" of DigiPay?

Things are moving at light speed and I hope we're not left behind.
1567  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 28, 2014, 09:34:03 PM
WTF is this at Cryptsy ?

2014-12-28 13:56:35   Sell   0.00000013   2434.40999899   0.00031647
2014-12-28 13:56:30   Sell   0.00000013   2434.40999897   0.00031647
2014-12-28 13:56:28   Sell   0.00000013   2434.40999841   0.00031647
2014-12-28 13:56:28   Sell   0.00000013   2434.40999896   0.00031647
2014-12-28 13:56:28   Sell   0.00000013   2434.40999899   0.00031647
2014-12-28 13:56:17   Sell   0.00000013   2434.40999868   0.00031647
2014-12-28 13:56:16   Sell   0.00000013   2434.40999878   0.00031647
2014-12-28 13:56:02   Sell   0.00000013   2434.40999874   0.00031647
2014-12-28 13:55:35   Sell   0.00000013   2434.40999885   0.00031647
2014-12-28 13:55:34   Sell   0.00000013   2434.40999901   0.00031647
2014-12-28 13:55:33   Sell   0.00000013   2434.40999857   0.00031647
2014-12-28 13:55:33   Sell   0.00000013   2434.40999874   0.00031647
2014-12-28 13:55:30   Sell   0.00000013   2434.40999925   0.00031647
2014-12-28 13:55:30   Sell   0.00000013   2434.40999891   0.00031647
2014-12-28 13:55:30   Sell   0.00000013   2434.40999874   0.00031647
2014-12-28 13:48:02   Sell   0.00000013   2434.40999889   0.00031647
2014-12-28 13:48:02   Sell   0.00000013   2434.40999875   0.00031647
2014-12-28 13:48:01   Sell   0.00000013   2434.40999916   0.00031647
2014-12-28 13:48:01   Sell   0.00000013   2434.40999975   0.00031647
2014-12-28 13:47:52   Sell   0.00000013   2434.40999899   0.00031647
2014-12-28 13:47:18   Sell   0.00000013   2434.40999897   0.00031647
2014-12-28 13:47:16   Sell   0.00000013   2434.40999841   0.00031647
2014-12-28 13:47:16   Sell   0.00000013   2434.40999896   0.00031647
2014-12-28 13:47:16   Sell   0.00000013   2434.40999899   0.00031647
2014-12-28 13:47:00   Sell   0.00000013   2434.40999868   0.00031647
2014-12-28 13:47:00   Sell   0.00000013   2434.40999878   0.00031647
2014-12-28 13:46:45   Sell   0.00000013   2434.40999874   0.00031647
2014-12-28 13:46:21   Sell   0.00000013   2434.40999885   0.00031647
2014-12-28 13:46:20   Sell   0.00000013   2434.40999857   0.00031647
2014-12-28 13:46:20   Sell   0.00000013   2434.40999874   0.00031647
2014-12-28 13:46:19   Sell   0.00000013   2434.40999901   0.00031647
2014-12-28 13:46:15   Sell   0.00000013   2434.40999891   0.00031647
2014-12-28 13:46:15   Sell   0.00000013   2434.40999874   0.00031647
2014-12-28 13:46:14   Sell   0.00000013   2434.40999925   0.00031647
2014-12-28 13:39:31   Sell   0.00000013   2434.40999889   0.00031647
2014-12-28 13:39:31   Sell   0.00000013   2434.40999916   0.00031647
2014-12-28 13:39:31   Sell   0.00000013   2434.40999875   0.00031647
2014-12-28 13:39:31   Sell   0.00000013   2434.40999975   0.00031647
2014-12-28 13:39:26   Sell   0.00000013   2434.40999899   0.00031647
2014-12-28 13:39:20   Sell   0.00000013   2434.40999897   0.00031647
2014-12-28 13:39:19   Sell   0.00000013   2434.40999841   0.00031647
2014-12-28 13:39:17   Sell   0.00000013   2434.40999896   0.00031647
2014-12-28 13:39:17   Sell   0.00000013   2434.40999899   0.00031647
2014-12-28 13:39:00   Sell   0.00000013   2434.40999868   0.00031647
2014-12-28 13:39:00   Sell   0.00000013   2434.40999878   0.00031647
2014-12-28 13:38:51   Sell   0.00000013   2434.40999874   0.00031647
2014-12-28 13:38:22   Sell   0.00000013   2434.40999885   0.00031647
2014-12-28 13:38:20   Sell   0.00000013   2434.40999901   0.00031647
2014-12-28 13:38:21   Sell   0.00000013   2434.40999857   0.00031647
2014-12-28 13:38:19   Sell   0.00000013   2434.40999874   0.00031647
2014-12-28 13:38:12   Sell   0.00000013   2434.40999891   0.00031647
2014-12-28 13:38:13   Sell   0.00000013   2434.40999925   0.00031647
2014-12-28 13:38:12   Sell   0.00000013   2434.40999874   0.00031647

Looks like a bot

Cryptsy has a trading API that people can plug bots into. I'd say it's a bot too.

This is terrible for the DGB value.
this are Autoswitching pools selling block reward.

...using autosell.

 http://mining-tips.weebly.com/blog/cryptsy-autosell-explained
1568  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 28, 2014, 04:59:06 PM

I had the time today to do some reflecting on DGB's long term strategic plan, and it seems to me that it's all going to turn on DigiPay LLC. That is to say that it will be DigiPay that will make or break DigiByte.

And then it occurred to me to google DigiPay:

http://www.townofcary.org/Departments/townmanagersoffice/pio/News_Releases/2014newsreleases/nr_digipay.htm

http://www.digipay.com.ng/

https://www.digipay.ch/

http://digi-pay.com/?reqp=1&reqr=nzcdYaEvLaE5pv5lMt==

https://play.google.com/store/apps/developer?id=DigiPay

http://www.digipaysolutions.com/solutions/payment-gateway

http://www.digipayvoucher.com/

Based on those top 7 search results my main question would be: Does DigiByte have a trademark for DigiPay?

Oh, how I anxiously await Jared's video on where DigiByte is headed and the road map for getting there.

1569  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 24, 2014, 10:33:03 PM
Dump of 70+ mill on cryptsy. :/

That much dump is not good for the coin.

This is a very untrue statement.

Someone bought it right?  Grin

Whats the problem?


And to think that I, a loyal Cryptsy customer, would choose this time to give Bittrex a spin? I would have filled on Cryptsy!  Angry

1570  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 24, 2014, 12:33:05 PM
I don´t think we will see 6/10 sat again,  This could easily be a shakeout and from january 1 i think we will see a rise around 20 sat awaiting the news release.
Not saying i dont have buy orders onder 10 sat  Grin But not feeling so lucky  Tongue


My 'problem' is leaving so much BTC sitting on any one exchange for any extended period of time. I'll admit it, I'm a bit paranoid, but as I said, that's my problem - I like to move my digital currency onto and off an exchange as fast as I can (like when 14 opened up and I was able to do things in a 24 hour period, for example), so I'll be waiting to see what happens before putting in a bid. I might not get the best price when seen from a short term perspective, but in the rear-view mirror a few years from now it'll look like the absolute lows!

Also, I've learned over the years that the first 1/8 and the last 1/8 are the hardest to make (old trader's saying from back when things were still fractional), and, while it's great to get fantastic fills, it's not worth getting too obsessed with the idea.

Merry Christmas everyone.

1571  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 23, 2014, 10:08:57 PM
im not going to lie, im a bit jealous you guys have been able to get so many cheap DGB.  I am still waiting for my BTC to clear and am working on my verification for Cryptsy.  I hope that by the time that I get everything cleared I wont have missed all the cheap coins!

You're not alone. I'm waiting for more to clear as well and I'd be lying if I said that I wasn't jealous of those who bought below 10. That was a giveaway if I've ever seen one! On the other hand, anything under 20 is still a great bargain, and under 30 a fantastic deal, so don't fret, I'll think you'll end up doing well. I think there's still time to accumulate a sizable long term position without moving the market too much in the short term. And you never know, lows have a history of wanting to be tested before price ultimately reverses trend completely and there's still a outside chance of getting those giveaway prices once again).

1572  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 23, 2014, 02:17:57 PM
Starting to see a bit of price stabilization. Someone got 7M+ on Cryptsy earlier today and Bittrex seems to be a bit flat. With BTC at $331, the fiat conversion to pick up DGB is very attractive.

YC

Yes, it is indeed!

I would like to thank those, who have sold me more than 20m DGB @6-7-8 SAT. Thank you. Thank you once more. Thank you another more.
I guess DGBs are much safer in my hands Smiley
Best,

Very nice shopping indeed.  Cool

1573  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 23, 2014, 07:10:11 AM
Important to note the psychology. Digibyte.co is down and price going down causing more panic. No news doesn't mean bad news. All part of the the short term ups and downs.

YC

Lot of artificial creation of buy orders at 10 sat on Bittrex. Someone keeps putting on and taking off a few million. Interesting...

YC

Thanks for helping to keep an eye on this YC, and everyone else too!  It's impossible to keep up on this alone and by oneself.

BTW, my opinion regarding XPY? It just goes to show you that it's true what P.T. Barnum said about there being a sucker born every minute. What a scam. Just ask yourself who pockets the money? Who has the premined coins? Who is selling them? This really ought to be prosecuted.



We can assure everyone this is not the development team as we have none of the pre-mined coins. This is been known and proven through the block chain for 6 months now.

As for DigiByte.co being down. We received an email from our hosting provider that our server went down for scheduled maintenance on their end. This frustrating on our end as we have all been traveling for the holiday season.

The DigiByte website is back online!

I hope there was no misunderstanding regarding my comment about the selling of premined coins: I was referring to XPY, not DGB - they are complete opposites in every sense of the word!

1574  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 22, 2014, 10:19:43 PM
Lot of artificial creation of buy orders at 10 sat on Bittrex. Someone keeps putting on and taking off a few million. Interesting...

YC

Thanks for helping to keep an eye on this YC, and everyone else too!  It's impossible to keep up on this alone and by oneself.

BTW, my opinion regarding XPY? It just goes to show you that it's true what P.T. Barnum said about there being a sucker born every minute. What a scam. Just ask yourself who pockets the money? Who has the premined coins? Who is selling them? This really ought to be prosecuted.

1575  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 22, 2014, 02:58:01 PM

I'm a bit busy today and on the run so I only have a couple of minutes. This looks like a fairly decent LTC wallet tutorial. (BTW, I always recommend keeping your digital currency in your own wallet.)

http://www.litecoinminingmadeeasy.com/wallet-guide.php


Please, post back your opinion and let us know what you think, and if you have something similar that might be more easily understood, post that too!

1576  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 21, 2014, 04:49:56 PM
DUMP @bittrex, just bought 7 SAT. Sheeet What is happening!

That's dumping on the break of 13. Probably all stop loss triggers (from many different traders). This could be climatic and lead to an immediate reversal, or it could continue to drift lower, depending on how much of a hurry buyers are in. Currently trading at 9 on Cryptsy. Could also be very well due to the bad print at 4 and people who don't know that 4 was a bad print are panicking. It's hard to say, but what we can be sure of is that things really got rolling on the break of 13, and that this is all short term trading and has nothing at all to do with long term fundamentals (or was there news on the wire of Jared having been arrested by the FBI for fraud or something?  Cheesy ).

1577  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 21, 2014, 04:19:01 PM
Anybody knows what is wrong with this @ Cryptsy? Maybe MEC, at the bottom, also had the same issue... I have seen this before, but wondering why it is happening.. Thanks.



i got 0.00000014 in my screen... try refresh

I think that is not the issue, DGB lowest price at the bottom also shows 4 SAT,

Bug, cryptsy did some maintenance.  Yesterday they had sone 500 server errors.

That's right. Bad print. It's not possible for something to trade below the current bid. The bid at the time was 13. Cryptsy should back that data out, but they probably won't given their understaffing problems. Great screen shots by the way. I also saw that happen in real time (but didn't take the screen shots).

1578  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 21, 2014, 08:44:03 AM
We are indeed working to engage the gaming community at larger. However, until we are ready to roll some things out we do not want to tip off the competition.

Good to hear that things are moving along!


Kudos to DigiByte for helping out with the wallet and providing cmd instructions.

I'd like to see a pdf or page on site explaining all wallet commands and what they do. A trouble shooting section would be great as well. These things will have to be provided for the masses anyway, might as well get on it Smiley


This kind of thing is not easy to find, and, I agree, a trouble shooting section (alongside an official DGB forum) would be a great value added component of DigiByte. Again, most of this kind of information already exists - it's just that it's not easy to find - and to a large extent it would simply be a job of gathering and consolidating in one place . . . in this case, under a DigiByte heading . . . and then DigiByte would become the de facto digital currency tech support center where everyone goes to get their answers . . .

http://we.lovebitco.in/bitcoin-qt/command-reference/

1579  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 20, 2014, 11:59:39 AM


Long Term Mining Proceeds



As is clearly seen, we're down to long term average levels, but not much lower. That's due to the diff falling substantially after the fork as miners moved away. The end result is mining that is still very profitable - still "at the top of the charts" - when taken comparatively and on a relative basis.

This is good stuff to take to the gaming community. How's that particular effort going? Anyone got news on that front?

1580  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 20, 2014, 08:27:27 AM
If anyone needs to buy 20 million DGB as an investment in this coin i would seriously consider buying into something else...

Might you mention some other possibility that offers the same long term risk/reward? I'd love to know about another Digital Currency with prospects that are similar - I'm always looking for other similar investments.

...when it drops down to less than 13 sats trust me i will drop my coins & run

That's a key part (panic selling at lows) of the market behavior that causes 90% of participants to lose money.

Not to worry too much though, what you sell will find a good home.  Wink


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