I keep seeing people say cryptsy sucks and stuff, but there's not that many large exchanges that reliable so far (I haven't found any big issues yet there). Before mintpal blowed up it was about even with cryptsy anyway so I guess all the trading was just redirected there.

The math is very simple, the rate is (BTC_end*(DGB/BTC end) / (BTC_init* (dgb/BTC init))
that in your case is 700*50/(400*20)

multiply all by the initial investment (1000 in your case) and you get how much is your investment worth at the end.

For more complicatedthings there are probably better tools but for this stuff a pocket calculator is more than enough

If I got your question right

Finally got back my money from mintpal. I guess they are honest fellows afterall I stumbled on a bug it seems but now all's fine.

Looking forward to news! but I'd like to throw the rock once again: multi-algo + aux-pow= safest pow coin ever, multialgo alone makes a 51% attack just a bit trickier. I see some people ideologically against merge mining, but considering the total value of the mined dgb a day is little over 1 BTC (or am I wrong?) so the cost of a 51% attack trough rented miners should be in the order of the few hundred dollars a day, that's chips. Even when dgb price rises you still have to consider that its hashrate is distributed trough 5 algorithms, so the miners of each algo get 1/5th of the total, making the hashrate go down the drain

If you mergemine with the main coins and orphan the blocks with lowest -estimated- "actual" difficulty (dunno if that's how it works already) then a 51% attack becomes as hard as 51% attacking all the coins alltoghether, making it cost in the order of milion dollars a day.


Lastly, there are bound to be many coins around for each popular algorithm, and as we've seen even BTC does not totally monopolize sha, it's normal that we'll have a few big players in the mining industry, this means that if even the largest coins don't work together to build up hashrate they'll all be under the 51% attack threat from a "rogue" miner. Even if dgb becomes the N1 coin, it'll still have hashrate issues (especially since it's a multi algorythm coin) unless it's merge mined.


Forking is usually bad, but since dgb is still in a somewhat letargic period it's better to do all the forkings now than later.

As of now the withdrawas still is not processed. I put the dgb address where it says withdrawal address but it disappeared as I ressed save canges so I added a not ein the big box below asking to send the dgb to my address, no answer as of yet...

It IS confusing. Anyway the withdrawal is manual? I have requested it quite a bit ago

Erm, how do you actually request a withdrawal though? I can login and I see my balance, but don't see any way to withdraw

Must say that the last error message "MintPal is currently down for urgent bug fixes, and is additionally moving to new management (away from Moopay LTD). A statement will follow shortly." brings some hope back

the fact that they specified "away from Moopay" seepms to imply "these guys screwed up, not us". But anyway I was an idiot for not withdrawing my coins when I could

The science behind a video that goes viral is a pretty complicated one. Kudos if someone manages to make one, but don't think it's easy.

The ice bucket challenge, for example, uses the "challenge" to give a chance for people to show off, and the charity thing is actually an excuse. The gangnam style or all other "silly" stuff that go viral have often uses the meme mechanism (see dogecoin, as a semisuccessful example thereof).

I mean, go for it, but don't expect great results.

Speaking of which, myriad dudes just started to work on "myriadparty", a counterparty clone, any chances of something like that being implemented on digibyte? maybe, since forks are still possible, something more organic than a meta-protocol?

What happened?

I agree, cryptsy is the one exchange that never failed. It also has the greatest echange volume for a number of coins. They never update the interface, but so long as thy don't lose money it's fine I guess. Almost all the other exchanges have a worse track record than cryptsy.

Hmm, I think there's a problem with "any time you like" promotions: the sense of urgency forces people to rush to the link, most people have a very short memory, if they don't come back within one day they don't come back at all, almost all promotions in the world rush people to come ASAP lest they lose the incredible occasion, even if many of them just actually going to renew that very same offer the day after (note, this trick is kinda rough, I think they can get off with it because they have a lot of money to put in ads, and people keep forgetting things 'cause they don't care, see car sales, you don't buy a car every month, so the trick works, sure not so with dgb).

Also, by the way, we'd need some way to avoid multiple subscriptions: 1k digibytes start becoming a serious sum, with 500 subscriptions you actually make up for a day of work sort of, maybe someone with an actual job won't bother, but surely this is attractive enough for the kiddo who wants some pocket money.

I think limited, over-the-weekend events offer the best low budget results here.

Of course there's more that can be done other than just giveaways, the giveaway is really simple, as you could see you just need some 2 dollars and people come, but with some organization and a little media coverage we can do a  lot of other stuff, especially if it happens at the same time as the  launch of some new dgb tech.

Never tried using cex, but all people I know seem to suggest against it.

Anyway, the download link for android wallet does not work yet (it only points to the page, see for yourself http://www.digibyte.co/download-digibyte ). It's a pretty big deal as a lot of users would like to use the android wallet (two complaned about it during the giveaway, maybe more tried but didn't complain). Either remove the link or place a functional one!

To be honest, you must consider most of digibytes haven't been mined yet. Meaning the current 150k dollars cap should actually be viewed as a 1M$ cap for the long term.

However if dgb goes anywhere over 1M$ (and hopefully it will) it's a good investment for the long term.

Wow, this is great, my coins are safe

Very interesting idea. I'm not sure a hard verification  of the wallet install is needed: most people seem unaware that they can use an online wallet. I didn't realize how much reddit was limited until I did this event, however I still think digibyte presence on reddit is too low, good or bad it's still the one most influental social network for coins, besides twitter perhaps (but twitter favors low-engagement activities while reddit favors staying).

On this note @digibyte many users noted they can't download the android wallet, and the link brings them back to the main page, this is a pretty big issue.



About how this giveaway turned out (so far) and the lessons for the future:

Firstly it didn't attract as many users as I though, and it's a good thing: the fact there's a lot of text at the start of the giveaway and the rules of the giveaway are somewhere in the middle forced people to actually read, most of those who just wanted to say hi and get tipped without doing anything went away. More than a half of the participants went trough the trouble of getting a digibyte address, and most installed the client (some tried to install the android wallet,, but see above...).

In this way the extra complication of adding the address and going to another thread forced people to stay a bit more. Mind: we could use a more complicate giveaway to tip more the few more engaged users, or a simpler giveaway to get more people to view the initiative, or a multiple initiative (eg 10 dgb on dogecoin 100 on digibyte thread and 1000 on digibyte forum).

Afterall visibility vs engagement is not an easy balance to strike, you must never forget either when you plan a PR initiative. A multiple difficulty approach favors more engagement actually, as the same user may come to all giveaways, and therefore spend some 10-30 minutes on digibyte. (Note that the complication of changing threads was intentional, I planned that much, although the address escomotage was only devised at game open and turned out pretty nice)

8 new users subscribed to digibyte during the giveaway meaning at least some 1-3rd are actually committed to keep an eye on dgb.


On another note: the dogecoin community is not new to tippings, and is very friendly towards digibyte, doing the same initiative with other coins, or with non-cryptocurrency users may be a lot more difficult.

At the end I chose not to advertise this event too much so as not to get entangled in case it turned out bad, since all went well we can make a louder and more concerted event next time .

Humm guys, dunno if you noticed but mintpal is down (and with that about 1/4rth of my digibytes are nowhere to be found ) This is bad news as mintpal is our first exchange beside criptsy (or even before cryptsy, some times). Do you now something? any plans to bring it up soon?

troll bittrex XD

great! keep some digibytes for the drawing contest.

Since we've got a lot to tip and not so many people come I think we should have this event too: people who draws the best "dogecoin with digibyte" friendship illustration will get a substantial prize. This way we'll get more ppl into the giveaway!

Yeah, it's great that people who didn't know about digibyte, or had forgot about it, came. The dogecoin community has grown a lot since digishield, and most of them don't know about digibyte, so it's a great time to make a comeback (while the "elders" haven't forgotten us yet )

I forgot to mention the multialgorithm in the dogecoin thread part, but I see some people brought that up too, maybe it's better this way as they find out dgb is actually great, rather than having us boast about our merits

and oops @digibyte -and the others- this is where we're holding the giveaway http://www.reddit.com/r/Digibyte/comments/2ia1q0/dogecoindigibyte_giveaway/

the rule is simply post your digibyte address and get tipped (I added a doge tip to add some spice, one can just tip digibytes), the tipper should comment to tell he did the tip of course

the thread in dogecoin is for discussion (as they don't let wallet-posting happen)

PS: since we already made it to the dogecoin frontpage I suppose we'll see a lot of people coming between now and tomorrow evening


ah @24hralttrade do you want to hold a tipping event on twitter anytime soon? If you do it next week or so we can advertise it now. (But I don't want to be the one who starts it)