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Author Topic: [ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013  (Read 523142 times)
mr_random
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July 25, 2013, 08:26:48 PM
 #3541

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it. Smiley

The rate might be too high and require an adjustment down.

History will not look back kindly at digitalcoin if the dev arbitrarily decides to reduce the block reward to increase scarcity and please investors.
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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smscotten
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July 25, 2013, 08:56:38 PM
 #3542

Whatever happened with the schwag eg the USB flash stick? How about stickers and the like?

krasnyoktyabr
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July 25, 2013, 09:01:40 PM
 #3543

History will not look back kindly at digitalcoin if the dev arbitrarily decides to reduce the block reward to increase scarcity and please investors.

I completely agree. It's already happening with WDC.

I'll be really disappointed if DGC follows suit.
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July 25, 2013, 09:21:54 PM
 #3544

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it. Smiley

The rate might be too high and require an adjustment down.


Speaking of which it is time for a more serious fund raising effort to take DGC to the next level.  This time around, the goal is to raise 25,000 DGC.  Baritus will tell the community how he plans to use the donated funds.  To get the ball rolling, I will start the fund raising effort with 5000 DGC.  So we are 20% of the way to our goal.   Grin

Get your wallet out and be ready to give what you can.  There will be an announcement in a separate post.  Let us know if you have any questions or concerns regarding this fund raising effort.

Thanks,

-tb-

broken_pixel
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July 25, 2013, 09:23:42 PM
 #3545

I support DGC fully & I don't even have a huge amounts of DGC, plus DGC has secret sauce & will live a full happy digital life.

People say that rarity equals value. It is the services, continued support by the developer and innovation that determines the value of digital currency.

GA-990FXA-UD5, 1x 7970L, 2x S1, AX1200i, RIVBE, 2x R290x, NEX1500, BTC: 1G9cQix8bMgh35MQ9wY3Rb9yNSSCtnoRmK, DGC: DFo9FcKYsutv9Vx5c5xUzkrt7VJdECZWTM, LTC: LaAN33aktPGaimN5ALL9kjHjuJekfmKfTh
jbmiller10
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July 25, 2013, 11:18:56 PM
 #3546

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it. Smiley

The rate might be too high and require an adjustment down.


Speaking of which it is time for a more serious fund raising effort to take DGC to the next level.  This time around, the goal is to raise 25,000 DGC.  Baritus will tell the community how he plans to use the donated funds.  To get the ball rolling, I will start the fund raising effort with 5000 DGC.  So we are 20% of the way to our goal.   Grin

Get your wallet out and be ready to give what you can.  There will be an announcement in a separate post.  Let us know if you have any questions or concerns regarding this fund raising effort.

Thanks,

-tb-

Sent 500 via the IRC Wallet, will send more once that thread is posted!

DGC had no premine at all, and thus Baritus relies exclusively on your donations to pay for DGC related services and fund future development. Think of it as an investment in Digitalcoin's future!

I go by threestar most places.
Join us in the Digitalcoin Chatroom!
aTriz
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July 25, 2013, 11:20:52 PM
 #3547

I love DGC, great things to come! Cheesy

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Lloydimiller4
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July 26, 2013, 12:54:26 AM
 #3548

Just sent 2,500 to the dev fund, lets get the donations rolling! Wink

I'd prefer if the mining amount is not diminished, but I will go along with whatever Baritus thinks is best for DGC

XMR: 43uAvbYL7z9NrKQig2DswM69XaeDug1Rf8v4Un1ndssb2To51Vojz2uZ21jFumWsCcgvqZ9hPuE3fEr xKoGCkHU8CzqHFiS
erk
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July 26, 2013, 01:32:20 AM
 #3549

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

If you want scarcity, then mine ARG. To make DGC increase in value, you need things to trade it for other than BTC, or a big hype campaign.
techbytes
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July 26, 2013, 02:31:55 AM
 #3550

Just sent 2,500 to the dev fund, lets get the donations rolling! Wink

I'd prefer if the mining amount is not diminished, but I will go along with whatever Baritus thinks is best for DGC


Excellent!  The announcement is up:  https://bitcointalk.org/index.php?topic=262648.0

DGC community, we need your support.


-tb-

nearmiss
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July 26, 2013, 02:44:43 AM
 #3551

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it. Smiley

The rate might be too high and require an adjustment down.

I just assumed he meant the rates the bank might be offering, not coin rewards.....maybe its just me.

Profit-Switching Pool w/ Vardiff -> http://hashco.ws  Optionally keep the alts we mine or auto-trade for BTC. In addition can be paid out in any of: 365, AC, BC,  BTC, C2, CINNI, COMM, FAC, HBN, MINT, PMC, QRK, RDD, WC, XBC
techbytes
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July 26, 2013, 03:12:14 AM
 #3552

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it. Smiley

The rate might be too high and require an adjustment down.


Speaking of which it is time for a more serious fund raising effort to take DGC to the next level.  This time around, the goal is to raise 25,000 DGC.  Baritus will tell the community how he plans to use the donated funds.  To get the ball rolling, I will start the fund raising effort with 5000 DGC.  So we are 20% of the way to our goal.   Grin

Get your wallet out and be ready to give what you can.  There will be an announcement in a separate post.  Let us know if you have any questions or concerns regarding this fund raising effort.

Thanks,

-tb-

Sent 500 via the IRC Wallet, will send more once that thread is posted!

DGC had no premine at all, and thus Baritus relies exclusively on your donations to pay for DGC related services and fund future development. Think of it as an investment in Digitalcoin's future!

Thanks.  Which address did you send the 500 to?  Not seeing it in the explorer.

Was it this address?  DHgXvhswV9j3t9VTKu1QfAu6kYM1HHD5sJ

-tb-

everybodyclapyohands
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July 26, 2013, 03:16:25 AM
 #3553

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it. Smiley

The rate might be too high and require an adjustment down.


Speaking of which it is time for a more serious fund raising effort to take DGC to the next level.  This time around, the goal is to raise 25,000 DGC.  Baritus will tell the community how he plans to use the donated funds.  To get the ball rolling, I will start the fund raising effort with 5000 DGC.  So we are 20% of the way to our goal.   Grin

Get your wallet out and be ready to give what you can.  There will be an announcement in a separate post.  Let us know if you have any questions or concerns regarding this fund raising effort.

Thanks,

-tb-

Sent 500 via the IRC Wallet, will send more once that thread is posted!

DGC had no premine at all, and thus Baritus relies exclusively on your donations to pay for DGC related services and fund future development. Think of it as an investment in Digitalcoin's future!

Thanks.  Which address did you send the 500 to?  Not seeing it in the explorer.

Was it this address?  DHgXvhswV9j3t9VTKu1QfAu6kYM1HHD5sJ

-tb-

IRC donations are pooled and sent in batches since they are usually tiny amounts from us making it rain. His 500 was in the 676.6 sent earlier. The next transaction of 37 was through IRC from Nearmiss.

Secure Online Wallet - https://mywl.lt - Vote for your favorite coin
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techbytes
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July 26, 2013, 03:31:10 AM
 #3554

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it. Smiley

The rate might be too high and require an adjustment down.


Speaking of which it is time for a more serious fund raising effort to take DGC to the next level.  This time around, the goal is to raise 25,000 DGC.  Baritus will tell the community how he plans to use the donated funds.  To get the ball rolling, I will start the fund raising effort with 5000 DGC.  So we are 20% of the way to our goal.   Grin

Get your wallet out and be ready to give what you can.  There will be an announcement in a separate post.  Let us know if you have any questions or concerns regarding this fund raising effort.

Thanks,

-tb-

Sent 500 via the IRC Wallet, will send more once that thread is posted!

DGC had no premine at all, and thus Baritus relies exclusively on your donations to pay for DGC related services and fund future development. Think of it as an investment in Digitalcoin's future!

Thanks.  Which address did you send the 500 to?  Not seeing it in the explorer.

Was it this address?  DHgXvhswV9j3t9VTKu1QfAu6kYM1HHD5sJ

-tb-

IRC donations are pooled and sent in batches since they are usually tiny amounts from us making it rain. His 500 was in the 676.6 sent earlier. The next transaction of 37 was through IRC from Nearmiss.

Thanks for the clarification.

-tb-

nearmiss
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July 26, 2013, 03:50:49 AM
 #3555

Not to try and spam my pool, but just saying...people who mine simply have to set a donation % and it'll all go straight to the dev fund.   If people just hopped on and set a decent % for a short time it could make a huge dent.

Profit-Switching Pool w/ Vardiff -> http://hashco.ws  Optionally keep the alts we mine or auto-trade for BTC. In addition can be paid out in any of: 365, AC, BC,  BTC, C2, CINNI, COMM, FAC, HBN, MINT, PMC, QRK, RDD, WC, XBC
theBee2112
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July 26, 2013, 06:28:59 AM
 #3556

Glad to see the Devs are taking this all seriously, and that you're still all working on things!

Though I would really like to know how you guys intend to spend the DGC before I donate.
disclaimer201
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July 26, 2013, 09:34:40 AM
 #3557

I hope you are watching this thread about the recent attack on trc to learn from it in order to protect dgc in the future:

www.bitcointalk.org/index.php?topic=261986.0
erk
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July 26, 2013, 10:59:18 AM
 #3558

I hope you are watching this thread about the recent attack on trc to learn from it in order to protect dgc in the future:

www.bitcointalk.org/index.php?topic=261986.0
Like most coins DGC diff recalculate time is too long to avoid those kind of attacks. TRC diff recalculate is much faster than DGC, and yet TRC is now stuck on a stupidly high difficulty at just 12.15% profitability so nobody will want to mine it.

The entire concept of reducing difficulty based on a block count is out of touch with what really happens after a burst of high hash rate. The idea needs to be thrown out and replaced with a system based on elapsed time, or some other metric.

All these systems look at the velocity of blocks being created, not the acceleration and deceleration of the block rate which is critical.





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July 26, 2013, 12:33:03 PM
 #3559

I hope you are watching this thread about the recent attack on trc to learn from it in order to protect dgc in the future:

www.bitcointalk.org/index.php?topic=261986.0
Like most coins DGC diff recalculate time is too long to avoid those kind of attacks. TRC diff recalculate is much faster than DGC, and yet TRC is now stuck on a stupidly high difficulty at just 12.15% profitability so nobody will want to mine it.

The entire concept of reducing difficulty based on a block count is out of touch with what really happens after a burst of high hash rate. The idea needs to be thrown out and replaced with a system based on elapsed time, or some other metric.

All these systems look at the velocity of blocks being created, not the acceleration and deceleration of the block rate which is critical.

I totally agree. I have recently sent Baritus private message about this, but unfortunately no response yet - But his time is precious these days

I think diff should be adjusted based on network hashrate. If current network hasrate is k% higher/lower then it was in previous diff ajdustment, it should be adjusted. Of course it could be more inteligent (progressive adjustment, moving average, future hashrate prediction, etc..)

Value of k can be adjusted dynamicly too, based on current conditions.
For Example:
if network hashrate is less then 1GH/s it can be 10%
if network hashrate is less then 10Gh/s it can be 5%
if network hashrate is less then 100Gh/s it can be 1%
etc...


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LTC: LWyrhxuxJk8rVnGaUP98xPhVg445Qka1qr
DGC: DNgv3ZYpCwQR8spfgwANc8vAExq7danf7W
Sondey10mg
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July 26, 2013, 02:48:32 PM
 #3560

The wiki is offline.

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