It is time to announce the Free Bank of Digitalcoin, an initiative that aims to introduce a new concept to the crypto-world.
What is the FBD?
A community inspired and funded effort to further the usage of DGC as a store of value and monetary unit.
What services are provided?
The primary service will be hedging and profit enabling. FBD will allow people to purchase DGC at a fixed rate (set to match market price), and hold contracts that provide the option of selling back the DGC at purchase price. Deposits and withdrawals will initially be accepted in bitcoin, litecoin, and USD.
How is this useful to me?
The FBD will serve to lower investor risk in crypto-currency and allow simple, risk free cash flow into digitalcoin.
Example:
1. John Doe decides he wants to invest in digitalcoin but he can't handle downside risk.
2. J.D. contacts the FBD for a DGC quote.
3. J.D. purchases digitalcoin directly from the bank and is given the option to sell them back at purchase cost.
4. Now, if the price drops, J.D. can execute his option and sell back the coins at purchase price. If the market rises, he can sell his digitalcoin on the open market.
By removing liquidity uncertainty regarding DGC, the FBD will serve to promote and nurture digitalcoin growth.
any consideration on including ARG in this? |
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I am looking for coins that are actively looking for merchant services, not the necessarily the most profitable mining wise. I have the main coins covered on twitter etc, this is an opportunity for coins to have a real use (something alot of people said they wanted), now there is one.
Thanks for your suggestion!
I don't mean their are the most profitable, only that they have a large community around them. ignore the profitability of the coin for a moment and just look at the hash rates. large hash rates means there are a lot of miners of the coin, they miners are also investors, traders, consumers that have coins to spend. In addition if you go to the exchange sites and look at the trade volumes of the coin as compared to BTC you will see which ones have the greatest market value. I'd mean to imply that you should look at the most profitable coins, only the ones with the largest communities. If you go with my previous adhoc list you will probably do well. DGC and WDC new and growing and have or have marketplaces in development. BTC and LTC are very well established and FTC is somewhere in between those 2 sets. I apologize if I wasn't clear. |
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I think your best bets would be to have BTC, LTC, FTC, DGC, and WDC. I would go to coinchoose.com and look at the coins that have the highest network hashrate by scrypt and by sha256. These are the ones with the most community support.
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Will this coin demand transparency from each charity it donates to? This is a HUGE decision factor for me. http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=3277 < Red Cross Charity Transparency Rating among other factors for rating. Some charities are greed mongers and will stop at nothing to write off million dollar personal expenses as 'working toward the goal of the non-profit' which gives a very far fetched understanding of what 'Non-Profit' really means. I used to work as a cold caller for a 'non-profit' charity foundation. Actually we were contracted for multiple 'non-profit charities'. ICOPS- Illinois Counsel of Police - Basically calls you to sell you a sticker for your car window and receives 87% of the collected funds. The remaining 7% goes to a very tight nit group of cops in Illinois. Same with many others. I agree each charity should have its own coin network. I understand that hashing power is not at the point that many networks can exist independently like this but miners should vote with their hashing power as to where the funding goes. |
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And so it begins, the abstraction of cryptocurrencies. I welcome Beeb.
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My favorite game was Homeworld 2 for the PC. I wanted a legitimate copy for nostalgia reasons, box, manual whole 9 yards. I paid $100 to get it. I still have fun playing that game. Sure its a bunch of 1s and 0s but the right combination is the key.
So it's more in "box, manual" then in bits... I guess in 100 years you will be able to get "legitimate" copy for free, just like with most games from the 90's now. Btw, I enjoy Freelancer a bit more than homeworld  It is about the content, the history, memories. I couldn't predicate that I would want to get a copy at this age but I end up doing it. Most people just trashed the box, deleted the game when they beat it. I guess the same can be said for cryptocurrencies. One day there will be a few dominate ones that will be used across the world and people will look back and wonder what happened to the old ones. Sure they might run them on emulators but they won't be the originals. To have an original coin from the first set of cryptos... Will be interesting to see if a nostalgia market surfaces. Oh man if you can get my a copy of freelancer. That just had a great feel to it. Something about the proximity of the planet and flying through the jump gates. But I'm big into RTS games. I had to get Homeworld. |
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Because there is a chance the next block is 1. To assume three will definitely inflate the numbers, which I would rather err on the side of deflating.
so all those sites that estimate the next difficultyshould just post 1 because there is a change that any coins difficultly could be 1 on retarget. That doesn't make sense from a mathematical standpoint since there is an even change for the next value to be any one of 1 through 5. |
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I sent 7 million, so that was 2 more that I originally posted. |
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being a coin collecter.... wait... back up... a REAL physical coin collector.... i know that there have been many real coins minted in the past, like the buffalo nickel for example. wasnt worth jack shit 100 years ago, so people tossed em out and did not preserve many. Now people are willing to pay 1000's for a single buffalo nickle.
my theory is that 100 years from now(or much sooner), people will grow up collecting different cryptocoins instead of collecting pennies like i started with as a kid (many other people share the childhood penny collector phase). When something is a collection, like a collection of different cryptos, people will go to the ends of the earth to complete their collections.
100 years from now, people will be collecting cryptos and say to themselves " i want the original cryptos that came out 100 years ago", the same exact way the buffalo nickle worked.... all these coins coming out now, are the original alt cryptos, mostly the same thing with different logos. soon there will be 1000x alt coins... and you will be wondering why you didnt hang on to the originals.
what do u guys think? does my logic make logic?
That's just stupid. Physical coins, are a physical object, that can be touched, held, collected. Some are rare, which gives them value. The fact that people threw them out, or abused them so many years ago, is what gives them their value. Its like hockey cards, and comic books. Back in the day, no one ever thought they'd have any value, so, they stuck them in the spokes of their bikes, or read them until the pages were tattered. The lucky few who stuck them away, just incase, cashed in. Now that people know these things build value, most collectors take very good care of their collectables. They will never be as rare, as the really old ones, they will never have the same value. Crypto coins, are just 1's and 0's. They can't be lost, or misplaced. They can't be damaged or torn. Their supply, can never go down, they can never become rare. They will never be collectable. My favorite game was Homeworld 2 for the PC. I wanted a legitimate copy for nostalgia reasons, box, manual whole 9 yards. I paid $100 to get it. I still have fun playing that game. Sure its a bunch of 1s and 0s but the right combination is the key. |
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if you undervolt 1200 watts. but 1500 is recommended.
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I luv cryptsy mandatory cat pic  approves of mandatory cat pick.  |
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Meh, it was so close.
It would be so nice to see one of this shit coins getting killed in 51% attack.
Hope all you morons are aware that you are actually pumping out money from BTC and LTC economy, everytime you create another useless coin
I hope we continue to pull BTC and LTC down like you think. and when the attacks do occur I cant wait for the 6GHashs processing shit coins to move to and LTC to kill mining over there. Think your plans at least 2 steps ahead moron. |
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$2.30 and climbing, glad I bought up at $2, lets get back to $4.50, buy em up cheap...
citation need. please post a link to the post that show the quantity , price, time and date. otherwise you're just another fanboy with perfect hindsight. |
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Paid my share of the bounty.
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Let's tell the NY Stock Exchange to stop trading gold, since it's fallen in value and a lot of held funds are suspect to being intangible gold, AKA paper gold.
Not going to happen.
If people are making money from it, it will continue. If you want them to stop, build your 51% attack warez and do some vigilante justice.
Jus' sayin'.
better yet all the small cap stock. whats up with that. and pink sheets. all the big wall street traders should go in a raid the pink sheet desk like corporate pirates. f*&( those pink sheet and small cap stocks they are ruining the reputation of all the better stocks like AAPL and IBM and XOM. I mean wtf!?!? |
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looking for some technical support.
when I do a getdifficulty in the client console I get valid response proof-of-work and proof-of-stake values. hoever if I do a json rpc call to the client using the following conf file the POW and POS come back as 0.0.
rpcuser=*username*
rpcpassword=*password*
server=1
rpcport=10004
rpcallowip=192.168.0.1
rpcallowip=127.0.0.1
Am I missing something?
this is what I'm passing to the client { "jsonrpc": "1.0","id": "1", "method": "getdifficulty" }
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lol, yup hopefully all to myself lmao
once nzdude confirms the site I'll send you my share of the bounty. great job by the way. very quick. |
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who opened this challenge? just curious
started with altcoinkiller threatening to attack all altcoins with his "crew" when they come online. claimed to kill PWR. a thread was born and DGC dev challenge altcoinkiller to try to attack DGC. All the gpu chimps fanboys from LTC and or BTC jumped on the bandwagon stating the challenge was open to everyone to attack DGC. Lots of monkey business. |
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