I forgot to mention that other POS coins are copying blackcoins idea of a multipool causing more and more scrypt coins to go down the shitter...these POS coin multipools are like the Mt. Goxes of altcoins.....these pools mine the most profitable scam scrypt coin then dump it on an exchange, convert it into bitcoin then use the bitcoin to buy blackcoin....once those funds convert into blackcoin they can no longer be extracted from blackcoin via mining. I see the biggest risk to scrypt right now are these POS multipools, the ASIC and FPGA risk is major as well but not as urgent to deal with as with these multipools....Does anyone else know how we can address these risks with something other than an X11/POS hybrid for digibyte? I'm sure there are other possibilities....I mean digishield was phenomenal, maybe we can customize something with a similar punch?
As much as I'd like to wait things out, Digibyte is getting dumped daily. Maybe we can take the risk and switch over to X11 to stop multipools for now. The FPGA threat has yet to be an issue for the X11 coins as there isn't a big enough profit incentive for them yet. If we switch to X11 its not likes it forever. We can always switch algorithms to whatever the other X11 coins decide to switch to IF FPGAs are an issue.
The decline in price isn't exactly due to multipools dumping. Digibyte needs to gain some real world traction and gain some investors. They can do this by creating real life applications for Digibyte which is what they are focusing on currently. Switching it to X11 will gain some interest from miners though as running X11 during the summer makes dealing with rig heat much easier.
PS: As I'm nearing the end of my research paper on what determines bitcoin's value, the key explanatory variable has been trade volume. To increase trade volume you need to create some interest in the coin. Digibyte has been flying under the radar a little more than usual
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