Thanks for the update. Good to hear that you worked out your personal issues.
We have been talking with some serious investors the past couple weeks at least every other day. We will be flying to LA on June 2nd to hopefully finalize a deal. This process has been very time consuming as it has required some very detailed plans and research to be done as to how we can properly build & market an exchange in todays uncertain regulatory environment.
That sounds like a huge waste of time and money. Another new exchange won't help digibyte. There are already more than enough exchanges out there. For example CryptoAve didn't help DGC a bit.
Unfortunately, I have to agree. Look at what CryptoAve has done for DigitalCoin. Nothing, other than distracting the Dev(s) from attending to what's important (i.e. the coin itself).
https://www.cryptoave.com/ Since CryptoAve inception, DGC has lost over 80% of its value . . . and if we take into account the 3 months or so spent on trying to get it up and running before they actually eventually succeeded, we'd have to say that DGC has lost over 95% of its value from its Nov.-Dec. 2013 highs.
Personally, my 2 cents say that an algo change is paramount ATM. Everything else can wait, we've got years before it's even going to be necessary to even think about PoS, for example, but the ASIC threat has got to be dealt with ASAP, and with a scrypt coin, the only option available is a hardfork algo change. There's no other option. And time is of the essence.
First, I aggree 100% on "security first". So an algo change should in my opinion be priority #1, too.
However, you say the approach to open a new exchange is wasted time. I'm not sure about this. Yes, it didn't help Digitalcoin obviously. But as I can see CryptoAve had nothing new to offer beside a possibility to buy some few coins with USD. CA had no reputation outside the cryptocurrency scene (if even). I would say it was
1) a lack of marketing
2) a lack of investors outside cc scene (or at least very wealthy ones)
3) a lack of DGC adoption
4) too early
If we aim towards a broad adoption of DGB for digital payment processes, we obviously need a payment processor. While hoping to get added to bitpay or coinkite for months or forever, you can also take action and create your own. If you have good investors at your hands that want to make serious bussines and are able to finance decent marketing campaigns for being adopted from merchants and customers, this COULD work.
I don't believe the two mentioned major payment processors will be the last ones we ever see in cc world. Someone has to try and someone needs to come up with new, fresh ideas.
I aggree, this is a realy hard task. It's not enough to code a great tool overnight, you need partners that invest and promote and have good connections to other businesses.
Show Posts
