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It's a bit lower but no way is it 60%. Not for me at least.
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It is indeed a shame bigvern does not place a registration cap on his pools, Paul of dontmine.me runs some of the most successful pools available and even he caps registration to ensure that his pool doesn't exceed 30-40% of network hash.
Combined with the fact that he is also operating an exchange, that he would take it more seriously.
It's greed. And he's been asked. |
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I've seen your many obnoxious comments on btc-e, cryptonit and mcxnow chatrooms - NO THANKS.
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^ says the guy who pumped YACs for days Makes no sense to add DGC instead of WDC, since WDC came first and is slightly faster.
On a separate note, expected trade volumes should be a factor for Kumala... in terms of how many BTC worth of the coin would get traded a day (that's where he gets his money from alongside withdrawal fees). That could make BTB a good pick since it had 20 BTC of volume yesterday on bter, putting it at the same level of trading volume as TRC for that exchange.
On the other hand, DGC's slightly slower block times greatly reduce orphan rates which lead to a more stable block chain without compromising the "instantaneous" nature of the coin. On a similar note, requiring 5 confirmations @ 20 seconds each rather than 4 @ 15 increases transaction security by about 50%. Additionally, it's lack of a premine period and perhaps the fairest start of just about any altcoin to date has prevented a few ultra early adopters from hoarding tens of thousands of coins which somewhat insulates it from massive dumps that other currencies have experienced that led to their downfall. Further, it has one of the most active altcoin developers of any currency on this forum...this is invaluable. I take the exact opposite view...I think it makes no sense to support a slightly inferior coin just because it was released a couple days earlier. DGC being 5 seconds slower doesn't "greatly reduce orphan rates". Everything in your post is FUD and hot air. The only difference between WDC and DGC is DGC is 5 seconds slower to confirm. And there will be 25% less DigitalCoins than WorldCoins produced. That's it. |
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Makes no sense to add DGC instead of WDC, since WDC came first and is slightly faster.
On a separate note, expected trade volumes should be a factor for Kumala... in terms of how many BTC worth of the coin would get traded a day (that's where he gets his money from alongside withdrawal fees). That could make BTB a good pick since it had 20 BTC of volume yesterday on bter, putting it at the same level of trading volume as TRC for that exchange.
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Hydro, you have to let the price settle. It's only been a few days at an exchange.
He thinks like this because he is clueless and wants instant gratification. PPCoin, Terracoin are two of the more established alt currencies... it took them many months to get to where they are now. PPCoin lingered at 2-4 cents for months as millions of coins were produced.. then it went up to 30 cents and then down to 15 cents and so on. Cryptos are volatile. The price will level out eventually where the demand meets the rate at which miners sell their mined coins. I believe in the need for faster confirmations and I am buying more when I identify a leveled out price point. The most important thing is building a community of supporters and believers. That is something Feathercoin did very well. |
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I'm a WDC supporter but OP doesn't have a clue how the crypto ecosystem works in connection with the markets.
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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. This is a very flawed analysis. The number of coins produced varies with difficulty. Check the block chain yourself for WDC, when the difficulty was above 10 the number of coins produced per minute was 90 whereas it was 140 per minute when the difficulty was lower. Go look for yourself. DGC is a slower version of WDC and hasn't got any advantages over WDC. |
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It's a slower version of WDC. If you're expecting miracles with the price good luck.
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Suggestion - compile a top 10 list of regulars who use the word scam the most.
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Worldcoin vs. Digitalcoin?
Didn't Worldcoin come out before Digitalcoin? They appear to be very similar, aren't they? They also are both right at the top of the mining profitability chart. I think how it allows for fast transactions does add something to the coin (compared to LTC and BTC). I wonder though, why there are these 2 coins that are similar. Is one going to end up becoming more dominant and killing off the other? They both can't live forever I wouldn't think. Anyway I'm pulling for Worldcoin!
EDIT: ON coinchoose, digitalcoin dropping like a rock now, WDC going strong! Good job everyone
WDC was first WDC is faster (15 second blocks for WDC compared with 20 second blocks for Digital Coin). Digital coin is just a slower version of WDC with less community support. It will go through the typical pump and dump phase and end up lower than WDC. |
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feel free to move your miners to pools at my sig. never gonna give you up  Don't mine your WDC at erundook's pools if you care about WDC at all. Pools with too much hashpower are dangerous for WDC at this stage of the game (15 second block times for WDC mean the block chain can be split by pools that are too powerful) Give a new pool a chance like this which is already starting to pick up: https://bitcointalk.org/index.php?topic=212619.0It seems that you are stil sitting on pretty much of this shitcoin, otherwise you would be the last to care about. lol. I believe you and I have done trades in the past. Check my litecoin wallet address that I used and you'll see over 100k litecoins in it. That is just one of my litecoin addresses and doesn't mention my other crypto holdings which are equally significant. The money I have in WDC is nothing to me  |
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It actually forked a couple of days ago. Miners who were on the wrong chain lost out, that's it. Obviously not a good thing though. People are slowly starting to realise 15 second blocks for WDC means pools have to have a low percentage of the network has (30% at most or something.. rather than 50% at most).
Terracoin survived worst.
I predict WDC will go down low in price, maybe it will recover maybe it wont.
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Carefull, this game is addictive and definitly -EV
Also Im hearing a lot of rumors that it's rigged. It would be really easy to rig this if your the operator, ofcourse.
Yup just keep planting fake buys until a sucker (eg. the OP) excitedly makes the next buy, thinking after all those other quick buys surely more will flood in afterwards. And that's when the operator stops the fake buys now he has hooked in a real profit, and will the let game run it's course. Not saying that happened here, but I certainly wouldn't play a game that isn't provably fair |
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We want to update all of you with what has happened since launch:
Would you please publicly address the statements that the transaction speed of WDC has compromised the blockchain. It's fueling the WDC detractors and causing doubt of future acceptance. Thanks. All that needs to happen is for people not to all mine in a single pool. WDC needs to issue guidance on what the absolute upper limit on the hash rate of individual pools should be. I would guess it's lower than the usual <50% figure given for other coins... 30% perhaps? |
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I'm anti-Ripple but I have to say the way you just plucked that $300 million dollar figure out of your ass makes your analysis worthless.
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This coin is doomed. If it has the possibility to split with only ~1800mh/s, what will happen if it grew to 10,000mh/s -- it would fork constantly. It's a bad design and doesn't have a developer, someone just cut/pasted it together from litecoin src. The github account was created on 14 May. It's a complete scam, milk it for what you can -- but don't invest in it.
uhh if it grew it would only become better lol You don't no shit. The network hashrate size is irrelevant. It's the ditribution of the hash. It's not good for any coin to have a pool with a huge amount of hash power, but for a coin with 15 second blocks the limit should really be 30-35% max of the network hashrate. Now go back to school and leave the real talk to the adults with money. |
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Have you tried solo-mining?
edit - like person above
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