pringles1901
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November 20, 2015, 02:41:04 PM |
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Excellent news...I would also like to thank the idiot who dumped last night on Cryptsy picked up 500k @ 75 sats...thank you very much whoever you are
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duzydzichu
Member
Offline
Activity: 63
Merit: 10
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November 20, 2015, 03:14:59 PM |
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★ Help us Test The DigiSpeed Hardfork ★ The idea is we stick at 1 MB blocks with 15 second blocks until 2017. Then the block size doubles to 2 mb and then doubles every year through 2035. This allows continued DigiByte growth as bandwidth, hardware and more naturally grows. For instance in the year 2025 it is predicted we will see 100 TB harddrives. 100 TB HarddrivesYour spreadsheet claims a 1024MB blocksize by 2035 based on doubling every two years, so either your quote about doubling every year is wrong, or your spreadsheet is wrong... Blocksize doubling every year is the following. 524288 MB block size by 2035? 2017 2 2018 4 2019 8 2020 16 2021 32 2022 64 2023 128 2024 256 2025 512 2026 1024 2027 2048 2028 4096 2029 8192 2030 16384 2031 32768 2032 65536 2033 131072 2034 262144 2035 524288 You clearly see in spreadsheet, that it's doubling every 2 years, not every year. It's so obvious.
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yoyoamigo
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November 20, 2015, 04:17:04 PM |
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★ Help us Test The DigiSpeed Hardfork ★ The idea is we stick at 1 MB blocks with 15 second blocks until 2017. Then the block size doubles to 2 mb and then doubles every year through 2035. This allows continued DigiByte growth as bandwidth, hardware and more naturally grows. For instance in the year 2025 it is predicted we will see 100 TB harddrives. 100 TB HarddrivesYour spreadsheet claims a 1024MB blocksize by 2035 based on doubling every two years, so either your quote about doubling every year is wrong, or your spreadsheet is wrong... Blocksize doubling every year is the following. 524288 MB block size by 2035? 2017 2 2018 4 2019 8 2020 16 2021 32 2022 64 2023 128 2024 256 2025 512 2026 1024 2027 2048 2028 4096 2029 8192 2030 16384 2031 32768 2032 65536 2033 131072 2034 262144 2035 524288 You clearly see in spreadsheet, that it's doubling every 2 years, not every year. It's so obvious. uh...no. bogglor is just confirming if it is indeed doubling every 2 years or every 1 year. DigiByte's excelsheet showed every 2 years but DigiByte had typed " doubles every year". no harm clarifying. but i presume its every 2 years. hard to believe they wouldn't be able to notice the mistake if it was a mistake. then again, no harm clarifying. so DigiByte, its doubling every 2 years right? i mean....524288MB! THAT'S 524GB per block! Hashing power required will be over 90000000000000000000000000.....
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pringles1901
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November 20, 2015, 05:05:12 PM |
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I am also a bit disappointed too this Digispeed thing was meant to be the next big announcement...looks like its nothing to get excited about
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24hralttrade
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November 20, 2015, 05:12:15 PM |
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I am also a bit disappointed too this Digispeed thing was meant to be the next big announcement...looks like its nothing to get excited about This is just the testing, Do you know what Digispeed will do for Digibyte?
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pringles1901
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November 20, 2015, 05:21:40 PM |
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I am also a bit disappointed too this Digispeed thing was meant to be the next big announcement...looks like its nothing to get excited about This is just the testing, Do you know what Digispeed will do for Digibyte? Yes I do but the big build up was sort of crushed today its not exactly what we were all expecting TBH with you...I can only see DGB slowly dropping in price over the next few weeks to around 50 sats or lower its been a constant sell sell sell for the last week now.....BUT i guess i will have to remove my buy orders & place them down lower for the dumps that may be pending. All i am saying is this...Devs if you have some big idea, Announcement or something in the works its best to keep it under wraps until you are in the position to release what ever it may be..I say this because I have been in the very same position with another Altcoin that used the hype factor....it worked for a short space of time & usually by the end of the pump the price of the coin ended up being lower (after the traders ripped it apart) than it was before the hype started..... Also on the Arbitage problem i mentioned last evening it is a problem but you do not yet see it, As Cryptsy no longer charge fees for trading & 1 sat difference in price for DGB between any exchange will make the trader profit on all buy/sell Buy it on @ 78 on Bittrex or any other exchange & sell it on Cryptsy for 79...you will make BTC all day long this way & the price will just continue down & down just because one person feels the need to trade it out...so your beloved DGB is being crushed to death for a few sats per trade...& in all honestly there isnt much we can do about it but pray something happens to the price pretty soon Rant over see you all in a few months
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Sharkzz1
Sr. Member
Offline
Activity: 880
Merit: 251
Think differently
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November 20, 2015, 05:27:59 PM |
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Lol at the "its nothing to get excited about" It may not be exciting for you, but for me it is exciting! Why the dissapointment? Are there coins out there that have these TPS? Just wait and see, there will be many more releases in the upcoming years that will be even more exciting than The Digispeed Hardfork
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Jumbley
Legendary
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Activity: 1218
Merit: 1003
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November 20, 2015, 05:30:15 PM Last edit: November 20, 2015, 05:55:00 PM by Jumbley |
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I am also a bit disappointed too this Digispeed thing was meant to be the next big announcement...looks like its nothing to get excited about This is just the testing, Do you know what Digispeed will do for Digibyte? Yes I do but the big build up was sort of crushed today its not exactly what we were all expecting TBH with you...I can only see DGB slowly dropping in price over the next few weeks to around 50 sats or lower its been a constant sell sell sell for the last week now.....BUT i guess i will have to remove my buy orders & place them down lower for the dumps that may be pending. All i am saying is this...Devs if you have some big idea, Announcement or something in the works its best to keep it under wraps until you are in the position to release what ever it may be..I say this because I have been in the very same position with another Altcoin that used the hype factor....it worked for a short space of time & usually by the end of the pump the price of the coin ended up being lower (after the traders ripped it apart) than it was before the hype started..... It might not be what you were expecting as in matching Visa now but then it does not need to because we don't have that many transactions. It's capable of handling way more transactions than we have and is now set up for the future to grow with demand while minimizing blockchain bloat and capable of surpassing Visa capability. What was it that you were expecting? That said. If price does take a dive, anyone who knows what they are looking at is going to be very happy with that!
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Jumbley
Legendary
Offline
Activity: 1218
Merit: 1003
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November 20, 2015, 06:14:59 PM |
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I am also a bit disappointed too this Digispeed thing was meant to be the next big announcement...looks like its nothing to get excited about This is just the testing, Do you know what Digispeed will do for Digibyte? Yes, but to me the hardfork was overhyped way too much, and was advertised as "matching VISA's speed." It's probably better for the team to keep stuff behind closed doors as long as results are not yet confirmed. After the fork and we all have the new wallets. If on the next day there is a need to match visa in TPS, DigiByte will do it! I'm a bit disappointed that it won't fetch my slippers or make me a cup of tea though!
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Jumbley
Legendary
Offline
Activity: 1218
Merit: 1003
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November 20, 2015, 06:29:06 PM |
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Geez, now I know why people have been buying so much ETH! Most people just buy Hype!
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bobthenager
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November 20, 2015, 06:29:16 PM |
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If you are invested in this coin it is likely due to the trust you have in Jared and his team as they have continued to deliver. I trust his judgment and will continue to buy DGB every week regardless of price. We don't want the price to rely on announcements / "news" or pump and dumps. Crypto is entering the survival of the fittest phase and Digibyte is proving it belongs amongst those that remain. Invest in the vision and be prepared for bumps in the road. All you have to do is hold. If crypto survives Digibyte will be one of a select few that will flourish. Paper money will eventually be replaced and take it's place in history books. Crypto may be the gold rush of our time making this a once in a lifetime investment opportunity. Do your research and invest wisely!!
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bogglor
Sr. Member
Offline
Activity: 266
Merit: 250
DigiByte? Yes!
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November 20, 2015, 06:30:53 PM |
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You clearly see in spreadsheet, that it's doubling every 2 years, not every year. It's so obvious.
If it was obvious I wouldn't have asked. The spreadsheet says one thing, and the post says another.
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My current miner setup: Linux - Ubuntu 12.04, Two 1.3Mh/s Scrypt ASICs, Two Radeon HD 7850 GPU mining different algos (usually qubit or skein). Click here for my DGB Address QR code. DGB Address: D6ZLjbSWu2mse3EqtoSn93nFrJ85wPKBF5 I have the DGB Gaming Wallet on my Galaxy S6
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Jumbley
Legendary
Offline
Activity: 1218
Merit: 1003
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November 20, 2015, 06:34:04 PM |
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If you are invested in this coin it is likely due to the trust you have in Jared and his team as they have continued to deliver. I trust his judgment and will continue to buy DGB every week regardless of price. We don't want the price to rely on announcements / "news" or pump and dumps. Crypto is entering the survival of the fittest phase and Digibyte is proving it belongs amongst those that remain. Invest in the vision and be prepared for bumps in the road. All you have to do is hold. If crypto survives Digibyte will be one of a select few that will flourish. Paper money will eventually be replaced and take it's place in history books. Crypto may be the gold rush of our time making this a once in a lifetime investment opportunity. Do your research and invest wisely!!
Exactly!
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EPLDCC
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November 20, 2015, 06:43:09 PM |
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I am also a bit disappointed too this Digispeed thing was meant to be the next big announcement...looks like its nothing to get excited about This is just the testing, Do you know what Digispeed will do for Digibyte? Yes I do but the big build up was sort of crushed today its not exactly what we were all expecting TBH with you...I can only see DGB slowly dropping in price over the next few weeks to around 50 sats or lower its been a constant sell sell sell for the last week now.....BUT i guess i will have to remove my buy orders & place them down lower for the dumps that may be pending. All i am saying is this...Devs if you have some big idea, Announcement or something in the works its best to keep it under wraps until you are in the position to release what ever it may be..I say this because I have been in the very same position with another Altcoin that used the hype factor....it worked for a short space of time & usually by the end of the pump the price of the coin ended up being lower (after the traders ripped it apart) than it was before the hype started..... Also on the Arbitage problem i mentioned last evening it is a problem but you do not yet see it, As Cryptsy no longer charge fees for trading & 1 sat difference in price for DGB between any exchange will make the trader profit on all buy/sell Buy it on @ 78 on Bittrex or any other exchange & sell it on Cryptsy for 79...you will make BTC all day long this way & the price will just continue down & down just because one person feels the need to trade it out...so your beloved DGB is being crushed to death for a few sats per trade...& in all honestly there isnt much we can do about it but pray something happens to the price pretty soon Rant over see you all in a few months It annoys me that people post comments about development to influence price. Wouldn't it just be easier to post what you want. Maybe not easier. But, certainly it would be more honest. For instance, you could post something like this: " I purchased some DGB just above 100 - and now I'm down about 30%. But, I want to get my initial investment back, so I'm hoping that some of you other traders will sell until the price goes down. I'd like to buy more DGB and see returns on my trade, but I don't have as much BTC to trade as I would like. Therefore, I cannot get as much DGB as I want to return my profits. But, If the price went down to 50, then I could. So, could all of you traders just sell until it goes to 50 to benefit me?" There is an old phrase in stock trading ... "sell the sizzle not the steak." I suppose if you use news as a day trading strategy, then you will benefit from the advice. I never thought of DigiSpeed as an effort to raise the short-term price. Thankfully, I have never seen Jared - or any of the development team - make decisions about DGB based on the whims of short term traders. I believe it is a good thing. DigiByte Development seeks to maximize value of the long-term core services rather than the short term trading strategies. Just in the past 24 hours, Jared released important new information relating to DigiSpeed for the next 20 years. You seem to be thinking only a couple weeks or maybe a couple months ahead, so it does not surprise me that you don't understand the benefit of DigiSpeed. Yesterday, Alaniz explained why arbitrage trades equalize the market price across exchanges. Maybe you didn't read his post. Just FYI, I don't do arbitrage trading across exchanges. But, your claim that the arbitrage trader will keep dumping to make the price keep going down isn't accurate. if people buy on Bittrex for 78 - and sell on Cryptsy for 79 ... then there will be more sell pressure on cryptsy for a short time. The price might decline. But, as soon as the price goes below the price on Bittrex, the situation reverses. All that being said, the price over the next few weeks doesn't make a difference. For DigiByte; prices go up and down; and, value increases. Eventually, in a good marketplace, prices and value reach equilibrium. DigiSpeed doesn't add new users, or merchants. It adds new value. It provides ability to tailor scalable services to markets like e-commerce, gaming, m-commerce, social media, and other blockchain-based commerce solutions.
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DGBforver
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November 20, 2015, 06:47:23 PM |
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I am also a bit disappointed too this Digispeed thing was meant to be the next big announcement...looks like its nothing to get excited about Give it more time it's only the first phase.
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EPLDCC
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November 20, 2015, 06:47:43 PM |
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I am also a bit disappointed too this Digispeed thing was meant to be the next big announcement...looks like its nothing to get excited about This is just the testing, Do you know what Digispeed will do for Digibyte? Yes, but to me the hardfork was overhyped way too much, and was advertised as "matching VISA's speed." It's probably better for the team to keep stuff behind closed doors as long as results are not yet confirmed. 2 weeks ago Jared posted the test run on DigiSpeed - it exceeded Visa's TPS. But, members of the community raised concern about the blocksize and the ability to maintain full nodes. It seems to me that the new blocksize developments over time address that issue without limiting the eventual transactions per second. Today, we don't need to match Visa. That wasn't the goal because it's not feasible (literally we don't have as many transactions to process as Visa does). But, in the future, this gives us the ability to match Visa as the transactions grow. At the same time, it gives us the ability to manage the blocksize today for current users. Seems to me like a smart and professional development choice.
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ReSl
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November 20, 2015, 06:50:43 PM |
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All that being said, the price over the next few weeks doesn't make a difference. For DigiByte; prices go up and down; and, value increases. Eventually, in a good marketplace, prices and value reach equilibrium. DigiSpeed doesn't add new users, or merchants. It adds new value. It provides ability to tailor scalable services to markets like e-commerce, gaming, m-commerce, social media, and other blockchain-based commerce solutions.
Thanks, they all dont see the picture. DGB is here for the long run! With this fork we getting forward in blockchain technology!
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pringles1901
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November 20, 2015, 09:54:38 PM |
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You lot crack me up...Digispeed gives you faster transaction...GREAT that mean its far faster to dump it..thats it..what other use does that bring.....I kid you not at the current rate its being sold now how would any company invest in this, how would accepting DGB be of any benefit to merchants when the coin is constantly being sold...I am an on line merchants & have been for over 15 years now there is no way on this earth that i would accept DGB as i would have to dump it everyday to ensure the items i sold for DGB do not lose value...if i sold something for $50 or the same but in DGB i would like to be confident that within 20 minutes the cost of that item has not devalued.
In all honestly how the hell the DGB market place will survive long term is a mystery to me, If a merchant sold a $400 cell phone & accepted DGB at a blink of an eye it could be just $300...in order for DGB to be a creditable Crypto it needs stability & as yet it does not have that.
It would not surprise me in the slightest if the DGB gained on the DGB market place is being sold instantly on the exchanges only out of fear for the merchant to lose out on its profit margins.....A 20 year plan is not the answer, trust me its not going to attract investment short or long term
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hammo
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November 20, 2015, 09:57:54 PM |
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Hey Guys, Just a heads up! I've included DigiByte Gaming in my latest Youtube Channel https://youtu.be/R24TC1zxp0c. Hopefully, it'll get the DigiByte name out to a few more peeps. :-D
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