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541  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 10, 2014, 02:37:33 PM
Any one with some Debian 7.0 knowledge, PM me please.
542  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 10, 2014, 12:20:20 PM
a lot of people think just because of the reduced block reward that the price will go up

it wont , there will be less DGB per day but also the difficulty will go down ,

I would like a steady price increase over time in the next few months instead of a pump


It is certainly going to be interesting to see.

My theory is that mining is dominated by short term thinkers who sell as quickly as they mine (regardless of what is being mined). This theory describes a panorama where immediate ROI is paramount, and which includes hardware investment as well as daily operating costs. Long term investment is not a consideration. X amount is invested, Y pays for daily operating costs, and both must be recovered ASAP. There are fixed numbers to worked with - anything else is speculation - and these mining entities are "fixated" on these fixed numbers. All it takes is a quick look around and some quick math in order to come up with some pretty consistent reward to price ratios that support this argument that mining is dominated by entities who do nothing more that look at, and make decisions based on, these simple fixed numbers and very short term ROI goals.

If my theory is correct, DGB should triple in value in very short order.



To me, simply cutting the rewards three times will not increase the price 3 times right away in the short term. I know some peeps here looking for some fast profit x2-3, meaning that buy back x2-3 more DGB, but it may not be that straight Smiley As it is said by jared, too, this is a long term vision and good for the future of DGB. And one thing you are forgetting here is that even though 3 times rewards will be lowered, new DGB coins will be inflated through the network. Therefore if there are no new buyers, then that will start short term dumps and price drops. But somehow this is good for DGB to settle with the new parameters of the block chain and the network. So in my case and my calculation in order: short term price increase for one day only when fork happened, then some dumps will follow, price will be stabilized for a while at low until the next announcement or piece of work target is achieved. Then we will start going upwards to 20-30sat range again (2-3 months), then whales will start investing which will take Dgb to 100 sat in a bit longer term (6-24 months). Within that 2-3 months, I personally expect a huge increase in bitcoin price, therefore some more dumps may occur in my opinion.

Some things i agree and some things i don't.
Yes in short term there will be some dumping when the price is going up because of the fork.  Around 25 sat.
If we do not get any new announcement people will take there quick profit.
Digibyte is now working with 12 members.  There will be some new announcements soon after the hardfork and that will get the price up to i think 45/60 sat. Why 45/60?   I'm counting in the reduction,Digibyte trusted level,new announcement & Miners want to get payd for what they are mining so less will be selling at prices around 20 sat.

in the mid/"long"term you are talking about. i think Digibyte will be around 150-250+ sat. It's just really depending of what Digibyte have to offer in 2015.
Maybe it sounds ridiculous but i even think that when Digibyte will announce who the investor is and what the plans are.  500 sat is a price i'm thinking about Smiley

We will see Smiley


You have to look at the marketcap then. 150 sat per DGB means a 1,5 M $ market cap. 500 Sat means 5 M $ marketcap. To reach that DGB must have a real real world use like a huge payment processor or something like that. with so much coins it is really hard to get a high marketcap.

My little contribution about this : some points are not taken into account.

1 - A coin market cap isn't limited only by its number of total coins or by the number of produced coins a day. It depends more on everything which is around the coins : payment processor, mobile apps, merchants adoption etc...

2 - Some of you forget one important thing too : we are not so far from a scenario like the stock market crash of 1929. For some specialists, a crisis like this can happen in our life, even if we don't really know when it will happen. But it will happen... in the next year, in 5, 10, 20, 50 years... nobody knows. I'm not saying this to create some useless fear, but we can't be sure that flat currencies will rules the world for ages. And if this scenario will happen, some Digital currencies will probaby be adopted more widely... and DGB can be one of them.

3 - A possible scenario of crisis in the Digital currencies market can happened too (in fact, it's already the case, 2013 was the boom of digital currencies, 2014 was the decline of digital currencies). But if this continue, the majority of the actual digital currencies will disappear... and only some of them will survive. DGB can be one of this coin.

Finally, I want to say one more time : Guys... don't speak only about the actual price of Digibyte. Time for success will come, don't panic... but you have to wait more than only few days.

#3 is very close, a lot of digital currencies are in a downtrend. I wouldn't be surprise to see a lot die in the coming months.
543  Other / Off-topic / Re: Piratebay taken down on: December 10, 2014, 12:09:30 PM
Terrible news. I hope for some kind of resurrection in the future. They can move to some distant country without those horrendous laws. Like China - they do not care about piracy at all.

I hope so as well. In the past they have been able to maintain the servers and keep the mirror sites running. I guess they nabbed the master servers so the mirrors cannot keep updated. At least it looks like that. It really sucks! The other torrent sites are not as nearly user friendly as PB. I hope it can return in some form in the future.  Cry

I hope they'll find a way to come back or  else a good alternative comes up.
544  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 10, 2014, 02:16:50 AM
Voting is over!
The board and EMC2 community owners have resolved to adopt these bylaws for the Einsteinium Foundation with 12 positive votes.
 Grin
545  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 09, 2014, 02:30:31 AM
88 votes from tying Darkcoin!

YC

Lets keep the votes rolling in on OKcoin! http://okcoin.uservoice.com/forums/276787-coins

This will be huge for DigiByte!

It got my votes!!
546  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 09, 2014, 12:15:33 AM

I liked the figure, but this fits with NAUT, not DGB, DigiByte is the most transparent coin, check NAUT if you want to see down trend !

a lots of coins suffer from downtrend not only NAUT. Most altcoins have been going down for some times.
547  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 08, 2014, 11:44:02 PM
EMC2 added to the voting list on Cryptopia : https://www.cryptopia.co.nz/Home/Voting
548  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer on: December 08, 2014, 11:40:08 PM
Wallet updated perfectly, waiting for the fork to Lyra2RE
549  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 08, 2014, 11:38:24 PM

[[UPDATE]]

Quote from: einsteinium on December 02, 2014, 08:05:45 AM
An Election to vote in the Bylaws written by the Einsteinium Board Members will be held from December 2nd 2014 6pm EST to December 9th 2014 6pm EST. We're giving a 2 days notice for comments, corrections, and critiques. 5 days (from December 4th 6pm EST to December 9th 6pm EST) of voting will be used.
The vote will be held in this thread by the comment '' Yes, i support the bylaws''.
*The bylaws will need 11 positive votes from members of this community to be accepted.
**No vote from members without post on this thread prior to this announcement will be accepted.

you can find the bylaws here: https://docs.google.com/document/d/1eZoES8nKwh3iN4jeEhaa_b8gw8pCEwmQ8le4hWrxEuo/edit?usp=sharing

The bylaws require 11 votes to pass, here is the running vote count:



   1)  Armis
   2)  Varvarin
   3)  RJF
   4)  Guyinanutshell
   5)  Oldminer
   6)  neleonele
   7)  djnocide
   Cool  torpedo
   9)  matauc12
  10) Lovethecoins
=>11)  HKBvM
  12) 
  13) 
  14) 
=>15)   
  16)
  17)
  18)
  19)
=>20)


11 votes required to adopt measure
15 votes would be overwhelming adoption
20 votes would be high super-majority


Hope i'm not too late to vote! Smiley I support bylaws!

Not too late we still have 1 day of voting.  Wink
550  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 08, 2014, 07:46:57 PM
Kiss good

This means - I vote for proposed bylaws.  Grin

From the rules sets at the beginning, no vote from members without a post on the thread prior to the vote announcement of the bylaws will be accepted.
551  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 08, 2014, 07:31:24 PM

Wow great news, thanks for the support  Grin
552  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 06, 2014, 09:47:20 PM
Emc2 added to cryptoine: https://twitter.com/cryptoine/status/541342765570068480
553  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 06, 2014, 12:18:52 PM
I support the bylaws
554  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 06, 2014, 12:18:14 PM
Video from bitcoin rush on twitter about coins and einsteinium is part of it : https://www.youtube.com/watch?v=AFNZ5JnDV18.

you can send some BTC to support him, he's working with the donations he receives.
17vPhPit8cZP3sspyFw57f4Tj98ab9Hm3g
555  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer on: December 04, 2014, 05:56:12 PM
Wow...Vertpump..

The price always go up with this kind of news.
556  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 04, 2014, 12:20:55 PM
The vote on the bylaws will officially start in less than 11 hours.
557  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer on: December 04, 2014, 03:12:21 AM
For those who didn't saw it, fork scheduled
https://vertcoin.org/wp/ann-lyra2re-fork-scheduled/ 
558  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer on: December 03, 2014, 10:39:15 PM
Anyone here have the settings for r9-290 non-x and for 7970s as well?

a bit outdated but my settings when i mined VTC
My setup for 3 r9 290 with vertminer 0.5.2
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
cgminer.exe --scrypt (pool info) --no-submit-stale --no-adl -I 19,19,19 -w 256,256,256 --lookup-gap 2,2,2 --thread-concurrency 24576,24576,24576 --gpu-memclock 1500,1500,1500 --gpu-engine 1000,1000,1000 --gpu-powertune -20,-20,-20
559  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment Received on: December 03, 2014, 12:01:11 AM
hello! guys im new in this forum... is this coin POS? i want to try this coin it looks great... any faucet? Smiley any giveaways?

Not PoS but multi-algo
560  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EMC2] Einsteinium | funding science education, research, & development on: December 02, 2014, 11:55:17 PM
matauc12 and Oldminer, right now we are in the 2 days notice of comments, corrections and critiques of the bylaws. Voting start on December 4th  Wink
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