★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit

[Jumbley]

I'm assuming that was a demonstration of customer care and professionalism that puts anything we were doing to shame. If however it was anything else, why not join me and hit the ignore button because he is this to me ‘This user is currently ignored.’  If you do ever feel the need to join me in here just let me know in a post or I will assume you are loving it and I really have no inclination to check!

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[24hralttrade]

Instead of wasting time with excuses and looking for someone else to blame, why not just quit your whining, grow up, and get on with doing a better job of creating community?

Or does that sound too negative for you?

I just hang up the phone with a new merchant for Digibyte, Soon we can welcome www.elektrischefietswinkel.com because he is adding Digibyte to his payment options on his webshop.
The owner of the webshop is following us and supporting us by mining Digibyte for a while now.

We are doing a good job.

[bitkapp]

Instead of wasting time with excuses and looking for someone else to blame, why not just quit your whining, grow up, and get on with doing a better job of creating community?

Or does that sound too negative for you?

I just hang up the phone with a new merchant for Digibyte, Soon we can welcome www.elektrischefietswinkel.com because he is adding Digibyte to his payment options on his webshop.
The owner of the webshop is following us and supporting us by mining Digibyte for a while now.

We are doing a good job.

Thanks 24harl for sorting that out! Great community work guys!

[Jumbley]

Instead of wasting time with excuses and looking for someone else to blame, why not just quit your whining, grow up, and get on with doing a better job of creating community?

Or does that sound too negative for you?

I just hang up the phone with a new merchant for Digibyte, Soon we can welcome www.elektrischefietswinkel.com because he is adding Digibyte to his payment options on his webshop.
The owner of the webshop is following us and supporting us by mining Digibyte for a while now.

We are doing a good job.

Now I can see it, oh yeah Michael, those instructions are not so detailed are they but well done good start!

What kind of challenge will he set you next, i wonder?

[JayBex]

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

[DigiByte]

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

[MicrosoftMike]

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

rough price estimate for in 6-12 months?

[Jonesd]

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

rough price estimate for in 6-12 months?

Between 1 DOGE sat and 100.000.000 bitcoin sat

[bitkapp]

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

rough price estimate for in 6-12 months?

Its very hard to predict these things but you can make your own analysis and decide whether you think up or down. (You'll probably conclude up )

[ghostycc]

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

rough price estimate for in 6-12 months?

Was around 25 / 35 sats last year.

Sometime the price goes back to 40's.. preferable to buy.

The price is slighty moving up.
 Slowly until people realize it's definitely going to move up. Then probably some pikes and roller coaster until we know the real value. We already started being shaked

[Jumbley]

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

rough price estimate for in 6-12 months?

Its very hard to predict these things but you can make your own analysis and decide whether you think up or down. (You'll probably conclude up )

It is impossible to predict unless you are manipulating the market yourself!

[Cryptojunkey]

How are you going to convince any new person into crypto to invest in something thats bringing 3btc worth in circulation daily?

Mining is very important ... This is what will drive the value ... because people will always have coins that they acquired for less ... but there is only so many so the price should creep upwards ...

Do you think you've addressed the question adequately?

The 3 btc is not really relevant ...

Is that an slight of hand disqualification?

Mining does serve its purpose that is not the argument. Its the inflation.

... you should ... you should ... you should ...

After 4-5 lines, again, without addressing the issue, you end with a succession of "you shoulds".

Is it really that difficult to treat things seriously, and people with respect? In this case you might have begun by recognizing that the issue is of long standing concern, and then cite the reasons why the pros have won out over the cons, for example, perhaps by even posting links to those previous conversations. You could also make some of those old comparisons like that with DOGE to underscore the uncertainty regarding whether a cut in total coin supply would really help or not. You could also mention long term M2 money supply comparisons that have been made and are there for the reading . . . In short, the question could be dealt with in a serious and respectful manner.

I understand the need to feel like we have things under control, but life isn't always so kind. Glib and frivolous responses may give a momentary sensation of perfect normality, but long term the result is the opposite. People with serious questions who seek open dabate and interchange of ideas with others are driven away when that discourse is stifled.

Why is so difficult to have real open honest, and, yes, even serious and intelligent discussions on this thread? And you know by now Jumbley, that this question is not limited to you as my "journeys" of the last few weeks have clearly shown that this issue goes right to the top.

Why is it so difficult to stand back and let others engage in conversations instead of always jumping in "to give a final solution" precisely where final solutions often don't exist? And where they do exist, is it so difficult to discuss and give them in an understadable and serious way? From the most highly technical, to the promotional, to the most basic of user usabilty?

Since I have also discovered that things need to be dealt with clearly and one at a time, please treat all my rhetorical questions and examples as something used to support the need to formulate this main question: The idea behind a community bulletin board like this is to promote interaction in a professional and serious manner that inspires confidence, and not cut it off with frivolousness (magic knights might be a good way to explain things to young children, but it doesn't have the same effect with adults), to engage people, and not to alienate, don't you agree?

BTW, that's a yes/no question too.

Like I've said, very few will insist like I have - most will immediately desist.

1#
"3BTC" worth of Digibyte is getting mined per day, hard to say how much is put on the market on a daily basis but with an average of 60 btc per day across all exchanges i think Digibyte can handle this for now.( my gues is that something like 50% is kept in wallets by supporters.)

2#
It really is not, Explained above

3#
We do not agree with you on everything, Everybody haves his own vision,Thougts and ways of doing things, Cant you accept that?

Why does jumbley need to stand back? Who is giving you the right to say so? You are the same as me,Jumbley,EPLDCC or anyone else in this community and this is not giving you any rights to tell people to GTFO.
We are here to help jared and The digibyte team to make a better future of Digibyte and everyone can do this how he or she wants, Maybe some points are incorrect and needs to be changed, Maybe some points do not fully agree on your hard data. Or maybe your hard data is not 100% correct?

Again, im not talking about who wrong or who is right. I just want to be clear that everybody is welcome in this community, even If he or she agrees with you/me/others or not.
And no, im not picking sides like you said i do in private before, I just want everybody to go along with eachother and have healthy/normal discussions on the forums AND in private.

You have been very hard to all of us in private chats, And yes, maybe You are right on some points but do we all need to fully agree on everything? Dont we have anything to say or think? Or do you want us all to go your way of thinking,working or anything else you dont like?

I'm getting sick of this bitchfight, Getting sick of reading 7 pm's per day about you making your point and really kicking Jumbley, and EPLDCC in the nuts for having theire own thoughts and vision and way of doing things.

Does it really needs to go this way? Really?

Because why do you bother so hard if you already stated to us you want to leave?

Again, that does not answer my question. Very likely that there really is no good answer except 3btc is an enormous amount - theres no denying it. That is just in a days time!

We do not know how much gets put on the market each day, that is rather irrelevant and does vary. We do know what does come from mining. Without some serious adoption it will kill the value of the coin. When a new user invests in DGB they should feel secure and given every plausible cause for their money to grow.

Poloniex sell side gets bigger by the week, i been watching it for quite some time. Theres no good reason to excess inflation. Just take a look around all the highly inlationary coins dont do so well.

Jared, Im turning to you for answers? Or better yet a solution would be best, after all arent you here for us users?

Please enlighten me, how a crapload of digibytes being spewed in circulation is going to be best for investor confidence and well being of your project?

[Jumbley]

edit: ^^^REF:Cryptojunkey post above. (I left it alone as it was addressed to Jared)

3 bitcoin in not an enormous amount, not when you compare to BTC coming onto the market but bitcoin has a hell of a lot more mining than we do. It is true that many people invested in DigiByte have no mining, so are not supporting their investment if it is a large amount of DGB they have.
 
Even I will argue that mining has to increase dramatically to alleviate this problem as well as strengthen our network. Maybe it would be a good idea to slow down production in ratio to aggregate mining, so that more DGB would be made available as mining increased until it reached a target level.

I know this would play havoc with the 21 years thing but what is that anyway?

On the other hand, left as it is you could say it will all come out in the wash and sort itself out on its own some day. The question is will we survive that long if we do nothing, perhaps?

By slowing things down, effectively we would be allowing new mining that joined our network to be as profitable as existing mining and that might have a big draw!

But then again, maybe the miners that we already have would just leave!

There is always more than one way to look at anything.

[Sharkzz1]

I thought the inflation discussion was pretty interesting so here are my thoughts about it:
Let's compare it to Dogecoin because it has quite a similar price.

DigiByte:
-15 Sec block times
-1055 DGB per block according to CoinWarz, i don't mine so i don't really know if it's up to date  
-5760 Blocks per day = Approx. 6.076.800 DGB per day
-At current price of 50 Sat about 3BTC per day


Dogecoin:
-60 Sec block times
-10.000 DOGE per block
-1440 Blocks per day = 14.400.000 DOGE per day
-At current price of 65 Sat about 9.36 BTC per day


As you can see, Doge has way more coins coming in per day.
And with Doge there is also a issue, they don't have any block reward reduction, so it stays 10.000 for ever and ever.
DGB does have block reward reduction and only has about 4.220 DGB mined per minute compared to DOGE's 10.000.
Look at the amount of coins DOGE has compared to DGB, 17 times more than DGB!!
So even though it has way more coins than DGB and the amount of coins mined is more than 2 times the amount of DGB it has a WAY bigger community than DGB.
I looked at their Reddit and it has almost 79.000 Dogesupporters compared to our 2028 DGB supporters.
So i think there won't be any inflation issues as long as we have enough DGB supporters.

[Jumbley]

I thought the inflation discussion was pretty interesting so here are my thoughts about it:
Let's compare it to Dogecoin because it has quite a similar price.

DigiByte:
-15 Sec block times
-1055 DGB per block according to CoinWarz, i don't mine so i don't really know if it's up to date  
-5760 Blocks per day = Approx. 6.076.800 DGB per day
-At current price of 50 Sat about 3BTC per day


Dogecoin:
-60 Sec block times
-10.000 DOGE per block
-1440 Blocks per day = 14.400.000 DOGE per day
-At current price of 65 Sat about 9.36 BTC per day


As you can see, Doge has way more coins coming in per day.
And with Doge there is also a issue, they don't have any block reward reduction, so it stays 10.000 for ever and ever.
DGB does have block reward reduction and only has about 4.220 DGB mined per minute compared to DOGE's 10.000.
Look at the amount of coins DOGE has compared to DGB, 17 times more than DGB!!
So even though it has way more coins than DGB and the amount of coins mined is more than 2 times the amount of DGB it has a WAY bigger community than DGB.
I looked at their Reddit and it has almost 79.000 Dogesupporters compared to our 2028 DGB supporters.
So i think there won't be any inflation issues as long as we have enough DGB supporters.

Good point Sharkzz1!  I’m sure if you chose to you could offload a shed load of DigiByte and still make a profit now, because you bought it cheaply. What there does not seem to be anywhere today, is hard evidence that a solution to inflation is reducing coin production but perhaps with a much larger community there could be. I find it difficult to think about inflation or deflation anyway when I’m not sure what the starting point is. With the volatility and amount of variables in crypto, its just not funny!

[JayBex]

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

Just tried it, now it's stuck on block 1430000

[EPLDCC]

I think that we don't have a problem with the current reward schedule.  So I suppose I think we shouldn't rush to change it.  But, here are just a few comments about the block reward discussion.  I could write long posts for each of the points below.  But, instead, I just put these here as 5 related comments.

1. I understand the logic when people suggest that reducing the block rewards would increase value for existing coins.  It's a supply and demand thing.  If you reduce supply, there will be greater pressure on the demand curve, which will move the exchange equilibrium up (at least theoretically).  But, I believe that would be a short term increase and would eventually decrease the total value of DGB.

2. I know for sure that not all mining rewards are ending up on the open market.  Mine don't.  I'm equally sure that a good amount of them do end up on the open market.  Just for the sake of argument, let's assume all the mining rewards ended up on Poloniex every day (which they don't), it would still be less than 15% of our average daily volume just on that exchange.  So, any increase in exchange price probably wouldn't be too dramatic.  I personally wouldn't be worried about the mining rewards until that percentage gets much higher (something like sustained averages above 35% of the sum daily volume from all exchanges).

3. DGB is not an inflationary coin.  Technically, like BTC and other POW coins, it's deflationary.  There is a 1% decrease in mining rewards each month.  When people write that it's inflationary, what they seem to mean is that we have more new coins produced from mining than other digital currencies that they are exchanging, and they want to leverage the existing DGB they have saved for a greater short-term exchange value.  To me that seems self-serving and short-sighted.  Instead of working to leverage the short term value of our existing positions, I would suggest that we encourage new markets to increase consumption and liquidity.  Go back to number 1.  Basically, I think instead of trying to reduce supply, we should all be working to increase demand and use value.  Increasing demand would have a sustained impact on the exchange value.

4. If we want to see the exchange value increase year-over-year, we want to encourage exchange and liquidity in the markets.  The current markets (with exchanges) are largely closed loop systems.  But, I believe that will begin to change in the coming 24 months.

5. There is an advantage to continuing our current level of mining rewards because it creates continued upward pressure on total-exchange-value (what most people call market cap) for DGB.  As we approach investors and companies for partnerships, sponsorship for gaming, etc., it looks good that we have demonstrable yearly growth in total exchange value and total exchange volume.

I'm sure there are some possible avenues and vehicles that we could use to address the concerns about supply that have been posted recently (and in the past).  

[esotericizm]

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

Just tried it, now it's stuck on block 1430000

That was the point of the hard fork. Are you by chance on an older wallet? You should be on 4.0.3 and if not I'd suggest downloading and install the new wallet from http://digibyte.co

[JayBex]

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

Just tried it, now it's stuck on block 1430000

That was the point of the hard fork. Are you by chance on an older wallet? You should be on 4.0.3 and if not I'd suggest downloading and install the new wallet from http://digibyte.co

Ah yes that's the problem lol thanks dude

[HR]

HR as far as I understand it 20% of the blocks are ASIC, 20% are Scrypt, 60% are GPU (I do not know if these are equally distributed).

That's not the issue. The block find distribution is 20/20/20/20/20. About that there is no doubt.

The question is how does MultiShield adjust each algo's diff and as a function of exactly what? We know that before the most recent hardfork, global network hashrate (that is the combined total of the 5 algos) was key, and that all the algos diffs adjusted in response to changes in aggregate hashrate. The question is how much did that change? To what precise degree are the algos currently independent, and to what degree are they still inter-dependent?

I suggest reading the source code. ...with basic coding skills and the source code mentioned (that is freely available to the public), anyone can confirm it.

Forgive me mental, your post was just brought to my attention.

Read the code to find your answer? Are you off your rocker?

Could anyone imagine someone from Ubuntu saying something like that? From Redhat? SUSE? Any of the principal distros?

Could anyone imagine that such important, critical and key information isn't even documented in the first place?

And then, when someone asks, the answers are first to ignore, second to be flippant, third to seriously suggest it's not important, fourth to disqualify and personally attack the person asking . . .

Does that sound normal to everyone?

We, the end users should read the code to answers central questions about how DigiByte works?

Are you serious? (And don't play coy by saying I didn't quote your entire post - the rest was superfluous, and certainly didn't answer the questions.)

Again, is there anyone on the DigiByte team professional enough to start that basic documentation that everyone can understand by putting the following code in layman's terms instead of suggesting we all need to learn to code? (I make that a general question to all, not just to you, since Jared did the same thing, albeit more indirectly and with much more obfuscation.

Code:

//Global retarget
CBigNum bnNew;
bnNew.SetCompact(pindexPrevAlgo->nBits);

bnNew *= nActualTimespan;
bnNew /= nAveragingTargetTimespanV4;

//Per-algo retarget
int nAdjustments = pindexPrevAlgo->nHeight + NUM_ALGOS - 1 - pindexLast->nHeight;
if (nAdjustments > 0)
{
for (int i = 0; i < nAdjustments; i++)
{
bnNew *= 100;
bnNew /= (100 + nLocalTargetAdjustment);
}
}
else if (nAdjustments < 0)//make it easier
{
for (int i = 0; i < -nAdjustments; i++)
{
bnNew *= (100 + nLocalTargetAdjustment);
bnNew /= 100;
}
}