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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Sharkzz1
Sr. Member
 Offline
Activity: 880
Merit: 251
Think differently
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June 09, 2015, 12:25:36 PM |
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 So where can I spend my Digibytes directly? In how many shops? And what are the plans concerning adoption by merchants worldwide? To me as an investor these are the most important factors when it comes to deciding to invest in Digibyte or not. Right now I got about 3.5 million, how much more should I buy? How much ya'll got? well, you can spend your Digibytes directly in some shops like House of Blue Jeans ( http://www.bluejeansonline.nl/) Or you can buy giftcards at https://giftoff.com/gift-cardsAnd 3.5 million ain't too bad, only buy what you can afford to lose. Although i'm telling you that, i broke that rule a few times on DGB  btw i'm in the top 10, thats all i can tell you |
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yoyoamigo
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June 09, 2015, 12:26:36 PM |
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Just in or at least around last week: Debate on choosing to increase Bitcoin's block size to 20MB is still ongoing. However, i came across this - Bitcoin XT. I came across this thread - https://bitcointalk.org/index.php?topic=1077374.40. I do not know if its a Troll-Thread or a Serious-Thread. But if its a Serious-Thread, will this affect altcoins in any way? Just trolls We feel this ongoing debate between Gavin & the rest of the Bitcoin community is providing us with an opportunity to highlight DigiSpeed. We are working to make sure it is absolutely good to go before we release it though. For those that don't know Gavin decided to go ahead and release Bitcoin XT along with a couple of the core devs who agree on the 20 MB hardfork. However, several other prominent players in the Bitcoin system have come out against the 20 MB hard fork, including the two major Chinese exchanges. so Gavin decided to just do it? But what if the majority will not update? Big miners will pull theire hashes go on go on..... Could be f*cked for Bitcoin,Good for Digibyte? I have been reading that the internet connection from some big chinese farmers will not be able to handle the 20mb hardfork. Does this have any affect on Digibyte/Digispeed? Looks like Gavin already has: http://www.reddit.com/r/Bitcoin/comments/394fn1/mike_hearn_in_about_1_week_bitcoin_xt_will/i am quite concern and confuse with the part about them talking about "Bitcoin Core's BTC" and "Bitcoin XT's BTC". like whoever still owns Bitcoin Core's BTC will become worthless and start to lose its value over time while Bitcoin XT's BTC will retain its value and rise over time. i have no idea how this will manifest. i was like "WHAT? Since when was there 2 kinds of Bitcoin???". Is this pure nonsense? As far as logic tells me, i *think* it shouldn't have any negative effect on altcoins though. Like what Jared has said, it can provide an opportunity for Digibyte regarding Digispeed. |
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Sharkzz1
Sr. Member
Offline
Activity: 880
Merit: 251
Think differently
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June 09, 2015, 12:43:29 PM |
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So where can I spend my Digibytes directly? In how many shops? And what are the plans concerning adoption by merchants worldwide? To me as an investor these are the most important factors when it comes to deciding to invest in Digibyte or not. Right now I got about 3.5 million, how much more should I buy? How much ya'll got? well, you can spend your Digibytes directly in some shops like House of Blue Jeans ( http://www.bluejeansonline.nl/) Or you can buy giftcards at https://giftoff.com/gift-cardsAnd 3.5 million ain't too bad, only buy what you can afford to lose. Although i'm telling you that, i broke that rule a few times on DGB btw i'm in the top 10, thats all i can tell you Okay, well I hope more merchants will accept Digibyte directly soon. I hope they become worth 10 dollars then you got at least 500 million dollars, not a bad investment  well that is a very very optimistic price target, but yeah nobody knew btc could reach 1000$usd. Everything is possible in this cryptoworld. |
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halinyo
Legendary
Offline
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
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June 09, 2015, 01:36:53 PM |
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Just in or at least around last week: Debate on choosing to increase Bitcoin's block size to 20MB is still ongoing. However, i came across this - Bitcoin XT. I came across this thread - https://bitcointalk.org/index.php?topic=1077374.40. I do not know if its a Troll-Thread or a Serious-Thread. But if its a Serious-Thread, will this affect altcoins in any way? Just trolls We feel this ongoing debate between Gavin & the rest of the Bitcoin community is providing us with an opportunity to highlight DigiSpeed. We are working to make sure it is absolutely good to go before we release it though. For those that don't know Gavin decided to go ahead and release Bitcoin XT along with a couple of the core devs who agree on the 20 MB hardfork. However, several other prominent players in the Bitcoin system have come out against the 20 MB hard fork, including the two major Chinese exchanges. so Gavin decided to just do it? But what if the majority will not update? Big miners will pull theire hashes go on go on..... Could be f*cked for Bitcoin,Good for Digibyte? I have been reading that the internet connection from some big chinese farmers will not be able to handle the 20mb hardfork. Does this have any affect on Digibyte/Digispeed? Looks like Gavin already has: http://www.reddit.com/r/Bitcoin/comments/394fn1/mike_hearn_in_about_1_week_bitcoin_xt_will/i am quite concern and confuse with the part about them talking about "Bitcoin Core's BTC" and "Bitcoin XT's BTC". like whoever still owns Bitcoin Core's BTC will become worthless and start to lose its value over time while Bitcoin XT's BTC will retain its value and rise over time. i have no idea how this will manifest. i was like "WHAT? Since when was there 2 kinds of Bitcoin???". Is this pure nonsense? As far as logic tells me, i *think* it shouldn't have any negative effect on altcoins though. Like what Jared has said, it can provide an opportunity for Digibyte regarding Digispeed. That is weird! That will only create a Chaos for BTC, why they want it? Think about that... Is it because, they are looking to kill Bitcoin and replace with an alternative coin they are heavily invested  If this is the case, I think a few other Altcoin will have to compete for replacing bitcoin. I think that is where DGB, LTC, NXT and a few other coins play the most important role and that will be an opportunity for Altcoins, not a drawback at all, from my point of view. LETS GET READY DGB for that moment before any other coins do. We have to speed up! |
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Sharkzz1
Sr. Member
Offline
Activity: 880
Merit: 251
Think differently
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June 09, 2015, 02:03:55 PM |
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BTC is actually just a shitcoin lol, it gets soo much attention just because it was the first coin ever.
If it was a altcoin it would be at 1 cents.
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CryptoRaver
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June 09, 2015, 03:13:48 PM |
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Thanks just shared it on the dutch thread and twitter  |
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halinyo
Legendary
Offline
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
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June 09, 2015, 03:21:48 PM |
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Awesome, this is what I have been looking for so long... This app will be game changer and good for Shapeshift! PS: One problem is that they do not provide a better rate since it is basically a self-converting process. Another possible issue, I would like to point is that how they can manage to hold enough fund to cover any possible outage on a particular coin? |
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HR
Legendary
Offline
Activity: 1176
Merit: 1011
Transparency & Integrity
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June 09, 2015, 03:55:02 PM |
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Awesome, this is what I have been looking for so long... This app will be game changer and good for Shapeshift! PS: One problem is that they do not provide a better rate since it is basically a self-converting process. Another possible issue, I would like to point is that how they can manage to hold enough fund to cover any possible outage on a particular coin? The coinomi wallet https://coinomi.com/ that DigiByte announced earlier does a seamless conversion from BTC to DGB using Shapeshift. |
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halinyo
Legendary
Offline
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
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June 09, 2015, 04:11:03 PM |
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Awesome, this is what I have been looking for so long... This app will be game changer and good for Shapeshift! PS: One problem is that they do not provide a better rate since it is basically a self-converting process. Another possible issue, I would like to point is that how they can manage to hold enough fund to cover any possible outage on a particular coin? The coinomi wallet https://coinomi.com/ that DigiByte announced earlier does a seamless conversion from BTC to DGB using Shapeshift. So that means, by releasing this shapeshift app, we no more need coinomi? |
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HR
Legendary
Offline
Activity: 1176
Merit: 1011
Transparency & Integrity
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June 09, 2015, 04:11:37 PM |
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Just in or at least around last week: Debate on choosing to increase Bitcoin's block size to 20MB is still ongoing. However, i came across this - Bitcoin XT. I came across this thread - https://bitcointalk.org/index.php?topic=1077374.40. I do not know if its a Troll-Thread or a Serious-Thread. But if its a Serious-Thread, will this affect altcoins in any way? Just trolls We feel this ongoing debate between Gavin & the rest of the Bitcoin community is providing us with an opportunity to highlight DigiSpeed. We are working to make sure it is absolutely good to go before we release it though. For those that don't know Gavin decided to go ahead and release Bitcoin XT along with a couple of the core devs who agree on the 20 MB hardfork. However, several other prominent players in the Bitcoin system have come out against the 20 MB hard fork, including the two major Chinese exchanges. Article about those two exchanges: http://cointelegraph.com/news/114481/chinese-exchanges-reject-gavin-andresens-20-mb-block-size-increase |
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HR
Legendary
Offline
Activity: 1176
Merit: 1011
Transparency & Integrity
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June 09, 2015, 04:19:14 PM |
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Awesome, this is what I have been looking for so long... This app will be game changer and good for Shapeshift! PS: One problem is that they do not provide a better rate since it is basically a self-converting process. Another possible issue, I would like to point is that how they can manage to hold enough fund to cover any possible outage on a particular coin? The coinomi wallet https://coinomi.com/ that DigiByte announced earlier does a seamless conversion from BTC to DGB using Shapeshift. So that means, by releasing this shapeshift app, we no more need coinomi? One is a multi-coin wallet that makes the seamless conversion with Shapeshift, and the other is the exchange itself (Shapeshift). The difference is that you still need to do the operation manually and maintain separate wallets with Shapeshift, and you have one wallet that does the rest automatically with coinomi. What's also really interesting is the fact that DGB is one of 15 coins currently supported by coinomi. Now, whether or not they continue to be relatively exclusive or not remains to be seen . . . |
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HR
Legendary
Offline
Activity: 1176
Merit: 1011
Transparency & Integrity
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June 09, 2015, 04:31:54 PM |
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A nice post by GigaBit on another thread - note the reference to DGB (not surprising as he has said so much here on this thread from time to time in the past). DGB Devs take note: please keep up your great work in setting Best Practice standards - you have a wonderful opportunity here to further move DGB into an even more consolidated leadership role. I voted core...
But I am old school.
I am also a professional miner.
If 20MB blocks go through, I will have to shut my node down entirely and go mine another coin.
In my world, it's the core or nothing at all... whilst I want to remain in Bitcoin, I won't be able to save my earnings and will be auto-sold.
Put more downwards selling pressure on the network... I'm just one miner, though not the only one.
I also never lost a satoshi and been in this business for 3-4 years now.
Then I will transfer the coin leftover to a savings coin... like DigiByte.
If anything, this fork will only hurt Bitcoin but Gavin's skin flute players won't hear anything else.
Not just me who pays for their bandwidth... the entire world is going towards a pay-per-bandwidth model.
At $75 for 20GB, I would need 3 separate internet connections minimum and pay around $400 a month on internet alone for blockchain upkeep.
More wasteful than the power used to power the network...
So instead of making power companies richer, now miners will make ISP's richer too.
Other coins don't force me into the red, why would Bitcoin? #DestructionOfBitcoinViaFIAT
This means I'll go mine another coin and run THEIR core.
No fucking way I can afford $1,000 of internet when it costs me $75 right now.... just to upkeep the core, fuck that.
I'm, also Canadian, so trying to screw over Chinese miners you fuck over everyone who mines.
To me, the devs are nothing but power trippers looking for something to do, to establish their usefulness.
Gavin's just another thoughtless brain dead liberal trying to play follow the leader.
Just like union cock suckers, no one matters to them but themselves and their skin flute orchestra.
GO USE OTHER COINS!!! BITCOIN IS TOO FUCKING SLOW!!!!
Then you will see that the Btcoin block size is fine the way it is and that Bitcoin really sucks as a crypto.
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doremi
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June 09, 2015, 04:45:08 PM |
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A nice post by GigaBit on another thread - note the reference to DGB (not surprising as he has said so much here on this thread from time to time in the past). DGB Devs take note: please keep up your great work in setting Best Practice standards - you have a wonderful opportunity here to further move DGB into an even more consolidated leadership role. I voted core...
But I am old school.
I am also a professional miner.
If 20MB blocks go through, I will have to shut my node down entirely and go mine another coin.
In my world, it's the core or nothing at all... whilst I want to remain in Bitcoin, I won't be able to save my earnings and will be auto-sold.
Put more downwards selling pressure on the network... I'm just one miner, though not the only one.
I also never lost a satoshi and been in this business for 3-4 years now.
Then I will transfer the coin leftover to a savings coin... like DigiByte.
If anything, this fork will only hurt Bitcoin but Gavin's skin flute players won't hear anything else.
Not just me who pays for their bandwidth... the entire world is going towards a pay-per-bandwidth model.
At $75 for 20GB, I would need 3 separate internet connections minimum and pay around $400 a month on internet alone for blockchain upkeep.
More wasteful than the power used to power the network...
So instead of making power companies richer, now miners will make ISP's richer too.
Other coins don't force me into the red, why would Bitcoin? #DestructionOfBitcoinViaFIAT
This means I'll go mine another coin and run THEIR core.
No fucking way I can afford $1,000 of internet when it costs me $75 right now.... just to upkeep the core, fuck that.
I'm, also Canadian, so trying to screw over Chinese miners you fuck over everyone who mines.
To me, the devs are nothing but power trippers looking for something to do, to establish their usefulness.
Gavin's just another thoughtless brain dead liberal trying to play follow the leader.
Just like union cock suckers, no one matters to them but themselves and their skin flute orchestra.
GO USE OTHER COINS!!! BITCOIN IS TOO FUCKING SLOW!!!!
Then you will see that the Btcoin block size is fine the way it is and that Bitcoin really sucks as a crypto.
well,i'm not a tech guy but if this statement is true..is that the same problem if DGB hard fork to 10MB blockchain? |
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HR
Legendary
Offline
Activity: 1176
Merit: 1011
Transparency & Integrity
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June 09, 2015, 05:05:15 PM |
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A nice post by GigaBit on another thread - note the reference to DGB (not surprising as he has said so much here on this thread from time to time in the past). DGB Devs take note: please keep up your great work in setting Best Practice standards - you have a wonderful opportunity here to further move DGB into an even more consolidated leadership role. I voted core...
But I am old school.
I am also a professional miner.
If 20MB blocks go through, I will have to shut my node down entirely and go mine another coin.
In my world, it's the core or nothing at all... whilst I want to remain in Bitcoin, I won't be able to save my earnings and will be auto-sold.
Put more downwards selling pressure on the network... I'm just one miner, though not the only one.
I also never lost a satoshi and been in this business for 3-4 years now.
Then I will transfer the coin leftover to a savings coin... like DigiByte.
If anything, this fork will only hurt Bitcoin but Gavin's skin flute players won't hear anything else.
Not just me who pays for their bandwidth... the entire world is going towards a pay-per-bandwidth model.
At $75 for 20GB, I would need 3 separate internet connections minimum and pay around $400 a month on internet alone for blockchain upkeep.
More wasteful than the power used to power the network...
So instead of making power companies richer, now miners will make ISP's richer too.
Other coins don't force me into the red, why would Bitcoin? #DestructionOfBitcoinViaFIAT
This means I'll go mine another coin and run THEIR core.
No fucking way I can afford $1,000 of internet when it costs me $75 right now.... just to upkeep the core, fuck that.
I'm, also Canadian, so trying to screw over Chinese miners you fuck over everyone who mines.
To me, the devs are nothing but power trippers looking for something to do, to establish their usefulness.
Gavin's just another thoughtless brain dead liberal trying to play follow the leader.
Just like union cock suckers, no one matters to them but themselves and their skin flute orchestra.
GO USE OTHER COINS!!! BITCOIN IS TOO FUCKING SLOW!!!!
Then you will see that the Btcoin block size is fine the way it is and that Bitcoin really sucks as a crypto.
well,i'm not a tech guy but if this statement is true..is that the same problem if DGB hard fork to 10MB blockchain? Well, it depends . . . on whether the 10MB is an upper limit size, or a static block size, but if the big miners were to drop DGB in some unknown future, a 51% attack is not the potential risk like it is with BTC, and, of course, with a potential appreciation target of well over 460,000%, I suspect profitability prospects for DGB will remain solid over the long term and that any increased costs would be seen as acceptable, should there be any (my understanding is that the 10MB is an upper limit that would be reached gradually, just like the 20MB BTC proposal, with the major difference being that the upper limits just might come very fast with BTC, and that with DGB they might come much more slowly since those huge corporate "farmers" might not be as inclined to repeat the process with DGB . . . multi-algo disincentives to go along with things . . .). @yoyoamigo, Great link you posted earlier! Lots of great, reliable, and trustworthy information. Between that and the rest that we've posted here, anyone who wants to take the time to read a bit has got a fantastic start at truly understanding just what's involved. http://www.reddit.com/r/Bitcoin/comments/394fn1/mike_hearn_in_about_1_week_bitcoin_xt_will/Link to the podcast linked in that reddit article (well worth the time and reposted here just in case anyone missed it). https://epicenterbitcoin.com/podcast/082/ |
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ShapeShift.io
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June 09, 2015, 05:22:49 PM |
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ShapeShift.io has released the first-ever cryptocurrency exchange app for iPhone. Buy or sell Digibyte instantly and on-the-go with the ShapeShift App. Download the app: http://apple.co/1FU6NjmLearn about the app in this Forbes article: http://onforb.es/1dtZqVXNOTE: ShapeShift will be adding their Android app soon. Stay tuned! 
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Follow us on our new profile: ShapeShift.com
Sign up for our closed beta waitlist: beta.shapeshift.com
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Verias
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June 09, 2015, 05:45:34 PM |
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ShapeShift.io has released the first-ever cryptocurrency exchange app for iPhone. Buy or sell Digibyte instantly and on-the-go with the ShapeShift App. Download the app: http://apple.co/1FU6NjmLearn about the app in this Forbes article: http://onforb.es/1dtZqVXNOTE: ShapeShift will be adding their Android app soon. Stay tuned! Just downloaded it for my iphone looks good thx ! |
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24hralttrade
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June 09, 2015, 06:57:16 PM |
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Edited: You guys might want to check with Waterloodown. They revamping the multi algo solution.
Reported,Will check out. |
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