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Alternate cryptocurrencies / Altcoin Discussion / Re: Vircurex shareholder vote finished | Result: DGC = YES
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on: June 13, 2013, 04:18:41 AM
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Obviously WDC is a threat to some of the "shareholders". Just goes to show what kind of people are backing DGC. Clearly some bribery going on as well. Real pathetic As stated before, just because they downvoted WDC does not mean that they were on DGCs side. If they were there would have been a much more positive vote for DGC. Just because a large amount of shareholders or a big shareholder is against WDC does not mean it was bribery. If you wish to have Vircurex to go in your favor, then buy some stock and make it happen.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] WorldCoin WDC | Coin of the Future | Instant Transactions | Launched
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on: May 24, 2013, 06:43:00 AM
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That is the best part but give it time. DGC has been steadily rising in Hash rate and WDC seems to not have many more buyers.
There is no reason to choose DGC over WDC and vice versa. Frankly it looks like they are both going to tank. So much for the fair launch theory.. If you say so, buy orders are not too bad for DGC. It's not skyrocketing up but not many in the community really wanted it to hit exchanges yet anyway and many in the community are the ones buying the coins from early dumpers. And I don't think you can say the theory has failed until the currency has actually failed. It's a new theory and it may come with different results. We are all just experimenting in this new type of currency
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] WorldCoin WDC | Coin of the Future | Instant Transactions | Launched
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on: May 24, 2013, 06:22:42 AM
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Just saying.... WDC has a block time of 15s and a reward of 32. So in 24 hours, 184,320 coins are added. DGC has a block time of 20s and a reward of 20. So in 24 hours, 86,400 coins are added.
Now DGC had a fair launch. (Block rewards start off lower and slowly rise to the value they are now) While WDC had a normal launch. (Initial miners get huge rewards)
WDC had a lot more coins when it was at the block that DGC is now. WDC has a lot more coins right now compared to DGC and it's supply growing much faster than DGC.
Just looking at supply (and future supply) , DGC clearly has the upper advantage. Only a matter of time until demand catches up.
The best part though is WDC still has a higher hash rate, secondly given the fact that it has about 8X more coins it's still more valuable than DGC lol. Whereas given to supply and demand DGC should be about 8X more in price. That is the best part but give it time. DGC has been steadily rising in Hash rate and WDC seems to not have many more buyers.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] WorldCoin WDC | Coin of the Future | Instant Transactions | Launched
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on: May 24, 2013, 05:16:19 AM
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Just saying.... WDC has a block time of 15s and a reward of 32. So in 24 hours, 184,320 coins are added. DGC has a block time of 20s and a reward of 20. So in 24 hours, 86,400 coins are added.
Now DGC had a fair launch. (Block rewards start off lower and slowly rise to the value they are now) While WDC had a normal launch. (Initial miners get huge rewards)
WDC had a lot more coins when it was at the block that DGC is now. WDC has a lot more coins right now compared to DGC and it's supply growing much faster than DGC.
Just looking at supply (and future supply) , DGC clearly has the upper advantage. Only a matter of time until demand catches up.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DGC] DigitalCoin.Co || Instant | Stable | Reliable || LAUNCHED
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on: May 24, 2013, 12:13:39 AM
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I'm starting to think people use coinchoose a little too much in their mining decisions. Once WDC got a little higher than DGC in profitability the net hash of DGC started going down. Don't get me wrong, I would rather have it this way. More DGC for me.
Update: Found out it could be because of a program called coinswitcher. It automatically switches your mining to whichever is more profitable. It seems useful but it can definitely be used in a malicious way
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Alternate cryptocurrencies / Altcoin Discussion / Re: Good job killing DGC /
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on: May 23, 2013, 11:14:26 PM
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Man, I never expected DGC to drop so fast. And right now, the lower block reward, and fair start, are actually causing it to devalue further. I hope things change, when it hits an actual exchange.
Wouldn't the lower block reward make it devalue less than a high block reward? And a fair start wouldn't necessarily devalue it but make it more valuable to start off due to the lack of supply?
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Alternate cryptocurrencies / Altcoin Discussion / Re: Good job killing DGC /
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on: May 23, 2013, 11:02:26 PM
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I am just buying right now. I can't mine anything substantial and I know comparative to other alt-coins this coin has good enough chance to snap back. Especially once it gets on a larger exchange.
Nibble and DGC are the newer type of cryptos. Sadly, Nibble died due to mining pump & dumps. (When a lot of miners start mining and then suddenly jump. It creates a unbearable difficulty spike) Now if someone makes a coin like DGC and Nibble that is more resistant to mine & jumps then I will possibly switch my mining efforts.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DGC] DigitalCoin.Co || Instant | Stable | Reliable || LAUNCHED
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on: May 23, 2013, 06:50:21 PM
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Just saying... This is the first time I've actually bought an altcoin. I really have faith in this coin. It's grown alot since I started and I feel it has alot more room to grow.
Why do you have faith in it? I'm just curious, not trying to trivialize it. What does it have that, in your mind, makes it better than WDC, LTC, or any other scrypt-based coin? Please don't say "faster than LTC for quicker transactions and slower than WDC to minimize orphans." - Let me know why it matters to you. I'm genuinely interested. I really do enjoy the fair launch. I feel to make a currency viable (especially in new altcoins) you cannot have a few come in and farm a lot in the first couple of days. The rest of the miners have less of reason to mine those currencies due to the fact that there are those few initial miners can drastically change the value of the coin. Edit: Also I am a small miner compared to a lot of miners. (500MH/s) As a smaller miner mining this coin, I feel I have a chance to be useful and gain a small amount of worth being an initial miner.
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