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Author Topic: [ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013  (Read 515283 times)
Vlad2Vlad
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September 03, 2014, 03:11:00 PM
 #5361

And let's not forget I did an analysis on DGC where I said it would hit $1 within 12 months.  At the time it was trading at 1/10 of 1 penny.  It hit $.74 which isn't a dollar but it's still close.  I was called insane for that call.

Kill the inflation now before demand picks up and you'll see a much bigger rise in value later this year.  The price will pick up and all those miners will come back.

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September 03, 2014, 03:12:29 PM
 #5362

If you seriously think changing the generation rate is going to give the coin value, then you're delusional. You can't give value to something that's worthless to begin with, and it's worthless because you can't SPEND it.


Thank God for simple math equations which tell you exactly what's needed to increase the value of a currency.  

Yes, even a crypto currency.

Here it is, free of charge [this time].

Currency Value = Transaction Volume/Velocity + 1/Supply

Look at that, it doesn't get easier than that.  And yes, you need to increase services which then increases the Transactions volume but look at the denominator where it says, supply;  AMAZING, if you decrease that number the value of the currency increases as soon as demand or tx volume increases.

Now which variable is the easiest and cheapest to control in that equation; getting everyone to use DGC or changing one line of code?  This is not a trick question.  

How about doing that now (lowering the denominator - the supply) since it's free to do and will have a massive impact later on?  I know, genius idea!

So while the devs work on increasing the transaction volume (mass adoption) why not ALSO kill the inflation/supply which, if ignored, will absolutely limit any real future upside potential this coin has.

Amazing eh, doing two things at once for optimal results?  haha!

You're welcome!


The more I think about it the more I'm inclined to agree with Vlad, maybe we just need to cut the DGC supply right back for a bit even if DGC lose some miners in the process. The community can still provide a solid part of the hashrate though Scrypt ASICS etc to main the blockchain. Otherwise the price will struggle to come back up which is what we need if we want to make DGC more attractive to the commerce sector. Stores are not going to touch us if DGC is worthless. Also its not like you can't make re-adjustments to the mintrate again anyway if need be.

DGC has been around long enough too to say any such action is a ponzi scheme because the current entry price is ridiculously cheap and alot of investors like myself who bought alot of DGC at much higher prices last year have already lost substantial amounts of money if we sold up now.

Vlad might have said some crazy stuff in the past but also can make some very good calls. I remember him calling BTC to $1000+ when it was around $100 or so and everyone laughed including me. How wrong we were lol.


If you're trying to patronize me, then just stop responding. I could really care less, and nothing about economics is truly "simple".

I'm not disagreeing that supply is not an overall issue. What I'm disagreeing with is that supply is the fundamental issue that is driving the price down. I'm not going to argue any further about this because quite frankly its the same old thing from both of us. We're not going to convince each other than we're right, and its not productive in my mind to argue in front of everyone about which 2 schools of thought are more correct. The fact of the matter is that the supply argument is garbage if you have no outlet; and if you have too many coins its worthless to spend. I say we need to spend, Vlad says we need to cut. The only other thing I'll call out is that Vlad seriously called for a major cut on the coin production of Casinocoin and that went through. That coin has continued on the same pricing path that it had been on regardless of the generation rate cut. I do not see how reducing the generation rate is going to fix the problem that the coins are too abundant right now. If the idea is to fix it in the future, that's a great plan if the coin had some value currently so that it was worth something in the future as well. This doesn't just go for DGC here; this argument could be made for anything including Bitcoin if we wanted to sit around the table and debate stupid equations.

No business culture = No adoption = Gutter-trash

That's really the point I'm making here is that we have 0 businessmen leading us and right now we are guessing at what to do. If you want to save DGC or any of the cryptos that you like then find a real economist to analyses the problem. IF they think that supply is really the issue then chop it up and be done with it, but inaction is not helping anyone.

Vlad2Vlad
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September 03, 2014, 03:54:32 PM
 #5363



I am a real economist.

And excess supply is one of the major problems with most cryptos right now.  Lack of Adoption is the other.

It's hard to increase awareness and adoption but it's simple to do a "stock buyback", to cut the subsidy and Max cap.  

And it should be done ASAP before the next rush, to position DGC for optimal performance and ROI.

Cheers!

iXcoin - Welcome to the F U T U R E!
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September 03, 2014, 11:31:28 PM
 #5364



I am a real economist.

And excess supply is one of the major problems with most cryptos right now.  Lack of Adoption is the other.

It's hard to increase awareness and adoption but it's simple to do a "stock buyback", to cut the subsidy and Max cap.  

And it should be done ASAP before the next rush, to position DGC for optimal performance and ROI.

Cheers!

Fair enough then.

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September 03, 2014, 11:53:52 PM
 #5365


And here's my analysis on DGC from last year - marked by another poster who actually marked my post to later laugh at me.

Nobody was making such outrageous calls last September [besides me] about any alt-coins, not even well known alts.  I was called insane many times for calls like these and saying things like the Bitcoin ETF is a guaranteed done deal and BTC would match gold in under 12 months, etc.

Obviously DGC didn't reach my $1 target but it hit $.74 which is something nobody on this planet expected to happen so soon.

And this is only the beginning but there will be thousands of alts next year [another prediction I also made last year when there were only 12 alts on earth] so reducing the supply is crucial in order to take maximum advantage of any uptick in demand. 

Look at the 2 current alts ran by bankers:  NAUT and MAX, both had massive reductions recently to their subsidies and max caps, preparing them for the coming rally.  Both ran by Wall Street bankers who understand economics. 

Like I said before, if this is done it should be done soon.  And for the record, I only hold ~10,000 DGC.

Best of Luck!







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September 08, 2014, 01:34:06 PM
 #5366

Just checking in here i sold my position a few months back nothing new here. But i still love the name of the coin!

Good luck guys.
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September 08, 2014, 09:19:40 PM
 #5367

Sadly, here are the latest news from Baritus quitting the development of DGC and closing CryptoAve within 7 days.

http://digitalcoin.co/forums/index.php/topic,1261.msg9244.html#new


Hello,

As of this moment, I am passing on all lead development responsibilities to the Digitalcoin foundation (http://digitalcoin.foundation). I will no longer be developing the new versions, that responsibility will be up to the developers in the foundation. I am fully confident that the foundation will take DGC to new levels for all the community.

I will still be involved in the community in many other ways and will continue to host the website and forums.

Regards,
Baritus

http://digitalcoin.co/forums/index.php/topic,1262.msg9243.html#new

Hello,

After discussion with the major CryptoAve shareholders, other admins of payment processing services, and the admins of crypto exchanges, the CryptoAve project will undergo a major overhaul.

Currently, shareholders are not achieving any returns on their investment due to a lack of trading activity. I do not believe it is likely that the situation will change due to a multitude of factors, not least of which is the inability for us to offer USD trading to US citizens (which are the majority of traders).

CryptoAve.Com will cease to operate as an exchange on September 15th, 9:00 PM GMT. Please withdraw all your coins and make any share trades before then.

The CryptoAve software will then go into re-development to turn it into a licensed exchange system. We will offer an easy to use, secure, and tested exchange software for a licensing fee. Anyone will be able to get a copy and start an exchange in less than 15 minutes. The software will be capable of trading any coin with an RPC interface and will be modifiable for the rest.

The payment processing code will go into developing a payment processing module that can be added on to the exchange system.

The shareholders will divide profits based on ownership percentage.  10% of my 51% in shares will be dedicated to re-investment in DGC for the first year of operation.

Thank you for everything you've done to get CryptoAve where it is.

Regards,
Baritus

Vlad2Vlad
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September 08, 2014, 09:51:56 PM
 #5368


Why is Baritus quitting DGC?

No wonder there's no leadership here to make some big decisions regarding the inflation and dilution.

Sad, DGC had good potential.

iXcoin - Welcome to the F U T U R E!
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September 08, 2014, 09:57:28 PM
 #5369

As part of the foundation, and due to baritus leaving i will be helping out with the development of DGC, ARG and SRC. the foundation will post a statement here in due course

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September 08, 2014, 10:04:51 PM
 #5370

I am holding on to my 500k DGC.  I'm confident the DGC Foundation will make a smooth transition of the handoff and will make DGC better.


-tb-

Vlad2Vlad
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September 08, 2014, 10:07:01 PM
 #5371

As part of the foundation, and due to baritus leaving i will be helping out with the development of DGC, ARG and SRC. the foundation will post a statement here in due course

Thanks Ahmed, they're in good hands.

Are there any plans to lower the inflation [subsidy] and dilution [max cap] anytime soon [before the next boom
Comes]?

Thanks and good luck.  I picked up a bit of DGC and ARG cause I think they're very cheap right now.

Cheers!

iXcoin - Welcome to the F U T U R E!
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September 08, 2014, 10:09:15 PM
 #5372

At the moment i cant comment on the plans until its been fully decided but safe to say something will be coming soon

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Vlad2Vlad
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September 08, 2014, 10:25:30 PM
 #5373

At the moment i cant comment on the plans until its been fully decided but safe to say something will be coming soon

Good enough.

Thanks and good luck!

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September 08, 2014, 10:36:35 PM
 #5374

As of this weekend, The DigitalCoin Foundation will hereafter assume the development responsibilities of DigitalCoin. Ahmedbodi, an early and reliable supporter of DigitalCoin (and great developer), is assisting with our transition and has accepted the role as developer of DigitalCoin.

The DigitalCoin Foundation will also assume the hosting and maintenance responsibilities of the DigitalCoin Github.

During this transition period, we are working on several technical upgrades to DigitalCoin to further stabilize the network and provide the reliability we've come to expect from our coin both now and into the foreseeable future. More details will be released after the initial testing phase has been completed, but they are very exciting changes!

Rest assured we will continue to improve DigitalCoin with the best intentions and the highest scrutiny.  The DigitalCoin Foundation aims for absolute transparency, so please, I invite any and all questions to be asked - and answered to the best of my (or another foundation member's) ability.

To the future of DigitalCoin - A currency for the digital age!
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September 08, 2014, 11:40:06 PM
 #5375

Sadly, here are the latest news from Baritus quitting the development of DGC and closing CryptoAve within 7 days.

http://digitalcoin.co/forums/index.php/topic,1261.msg9244.html#new


Hello,

As of this moment, I am passing on all lead development responsibilities to the Digitalcoin foundation (http://digitalcoin.foundation). I will no longer be developing the new versions, that responsibility will be up to the developers in the foundation. I am fully confident that the foundation will take DGC to new levels for all the community.

I will still be involved in the community in many other ways and will continue to host the website and forums.

Regards,
Baritus

http://digitalcoin.co/forums/index.php/topic,1262.msg9243.html#new

Hello,

After discussion with the major CryptoAve shareholders, other admins of payment processing services, and the admins of crypto exchanges, the CryptoAve project will undergo a major overhaul.

Currently, shareholders are not achieving any returns on their investment due to a lack of trading activity. I do not believe it is likely that the situation will change due to a multitude of factors, not least of which is the inability for us to offer USD trading to US citizens (which are the majority of traders).

CryptoAve.Com will cease to operate as an exchange on September 15th, 9:00 PM GMT. Please withdraw all your coins and make any share trades before then.

The CryptoAve software will then go into re-development to turn it into a licensed exchange system. We will offer an easy to use, secure, and tested exchange software for a licensing fee. Anyone will be able to get a copy and start an exchange in less than 15 minutes. The software will be capable of trading any coin with an RPC interface and will be modifiable for the rest.

The payment processing code will go into developing a payment processing module that can be added on to the exchange system.

The shareholders will divide profits based on ownership percentage.  10% of my 51% in shares will be dedicated to re-investment in DGC for the first year of operation.

Thank you for everything you've done to get CryptoAve where it is.

Regards,
Baritus



Don't do anything rash, they have big plans for the coin.

Dev speed being ramped up, expect big changes in everything DGC related, changes very much for the better from what I've heard.

Disclaimer : I am a member of the DGC Foundation which now controls the coin.
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September 09, 2014, 08:22:16 AM
 #5376

What about the people who invested, sent DGC to Baritus for the Bank of Digitalcoin last year?

GA-990FXA-UD5, 1x 7970L, 2x S1, AX1200i, RIVBE, 2x R290x, NEX1500, BTC: 1G9cQix8bMgh35MQ9wY3Rb9yNSSCtnoRmK, DGC: DFo9FcKYsutv9Vx5c5xUzkrt7VJdECZWTM, LTC: LaAN33aktPGaimN5ALL9kjHjuJekfmKfTh
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September 09, 2014, 11:00:48 AM
 #5377

What about the people who invested, sent DGC to Baritus for the Bank of Digitalcoin last year?

That would be between those people and baritus. Assuming this is in reference to cryptoave.com?  Baritus posted about that here: http://digitalcoin.co/forums/index.php/topic,1262.0.html

TT
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September 09, 2014, 11:15:46 AM
 #5378

I saw that but I think the Crypto Ave and the Digitalcoin Bank are two different entities. From what I understand the DGC bank was to come later.

https://bitcointalk.org/index.php?topic=238882.0

GA-990FXA-UD5, 1x 7970L, 2x S1, AX1200i, RIVBE, 2x R290x, NEX1500, BTC: 1G9cQix8bMgh35MQ9wY3Rb9yNSSCtnoRmK, DGC: DFo9FcKYsutv9Vx5c5xUzkrt7VJdECZWTM, LTC: LaAN33aktPGaimN5ALL9kjHjuJekfmKfTh
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September 09, 2014, 12:01:38 PM
 #5379

I saw that but I think the Crypto Ave and the Digitalcoin Bank are two different entities. From what I understand the DGC bank was to come later.

https://bitcointalk.org/index.php?topic=238882.0

Reading toward the end of the post it seems this was supposed to be some kind of extension of cryptoave.com? 

https://bitcointalk.org/index.php?topic=238882.msg5017418#msg5017418

TT
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September 09, 2014, 04:48:20 PM
 #5380

It's sad to hear that Baritus is leaving. He made a great coin. DigitalCoin has Always been one of my favorite altcoins (and still is).

Let's hope the Digitalcoin Foundation brings this coin to a higher level. The coin deserves this, and Baritus too for all his efforts.

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