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Author Topic: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign  (Read 2767860 times)
Jumbley
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March 20, 2017, 01:49:36 PM
 #29721

community thoughts on activation of segwit on DigiByte chain and consensus of community. All sensible thinkers welcome to comment.  https://t.me/DigiByteCoin
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March 20, 2017, 04:02:21 PM
 #29722

community thoughts on activation of segwit on DigiByte chain and consensus of community. All sensible thinkers welcome to comment.  https://t.me/DigiByteCoin

Only sensible thinkers? Too bad. Let me know when you also accept unreasonably optimistic people. :-D

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March 20, 2017, 04:46:23 PM
 #29723

community thoughts on activation of segwit on DigiByte chain and consensus of community. All sensible thinkers welcome to comment.  https://t.me/DigiByteCoin

Only sensible thinkers? Too bad. Let me know when you also accept unreasonably optimistic people. :-D
They are up now.  Smiley
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March 20, 2017, 10:24:14 PM
 #29724

community thoughts on activation of segwit on DigiByte chain and consensus of community. All sensible thinkers welcome to comment.  https://t.me/DigiByteCoin

completely unnecessary. DGB does not need a new scaling solution, it already has the best on chain scaling of any coin right now and can handle far more transactions on chain than any other coin, and any other coin + Segwit.
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March 20, 2017, 10:32:25 PM
 #29725

community thoughts on activation of segwit on DigiByte chain and consensus of community. All sensible thinkers welcome to comment.  https://t.me/DigiByteCoin

completely unnecessary. DGB does not need a new scaling solution, it already has the best on chain scaling of any coin right now and can handle far more transactions on chain than any other coin + Segwit.

I agree. No need for immediate activation. The fact that it's there for the future, if and when needed, is good enough for now. It's never a good idea to unnecessarily complicate things, and if it's needed for marketing purposes, "Segwit Ready" or "Segwit Capable" or something similar should get the job done, as well as implicitly saying that it isn't necessary at this time. Win-Win. :-)

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March 20, 2017, 10:45:42 PM
 #29726

community thoughts on activation of segwit on DigiByte chain and consensus of community. All sensible thinkers welcome to comment.  https://t.me/DigiByteCoin

completely unnecessary. DGB does not need a new scaling solution, it already has the best on chain scaling of any coin right now and can handle far more transactions on chain than any other coin + Segwit.

I agree. No need for immediate activation. The fact that it's there for the future, if and when needed, is good enough for now. It's never a good idea to unnecessarily complicate things, and if it's needed for marketing purposes, "Segwit Ready" or "Segwit Capable" or something similar should get the job done, as well as implicitly saying that it isn't necessary at this time. Win-Win. :-)

I'm inclined to agree but I think activation should happen in the region of 65% of miners. Here are some of the reasons stated by Jared on the subject.

Digi Tater, [20.03.17 14:16]
Segwit has many benefits besides simply increasing scalability

Digi Tater, [20.03.17 14:16]
it fixes the transaction malleability issue

Digi Tater, [20.03.17 14:17]
it allows for roughly 4mb worth of transactions in the same space as 1 mb takes now

Digi Tater, [20.03.17 14:17]
most importantly it allows for a future of on chain "smart" contracts on UTXO based blockchains

Digi Tater, [20.03.17 14:17]
so from an applications standpoint it opens many doors

Digi Tater, [20.03.17 14:18]
It actually makes the most sense to combine both approaches, Segwit + increased block sizes
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March 20, 2017, 11:05:51 PM
 #29727

What are the disadvantages of implementing it? Bloating the chain with too big blocks?

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March 21, 2017, 12:07:06 AM
 #29728

community thoughts on activation of segwit on DigiByte chain and consensus of community. All sensible thinkers welcome to comment.  https://t.me/DigiByteCoin

completely unnecessary. DGB does not need a new scaling solution, it already has the best on chain scaling of any coin right now and can handle far more transactions on chain than any other coin + Segwit.

I agree. No need for immediate activation. The fact that it's there for the future, if and when needed, is good enough for now. It's never a good idea to unnecessarily complicate things, and if it's needed for marketing purposes, "Segwit Ready" or "Segwit Capable" or something similar should get the job done, as well as implicitly saying that it isn't necessary at this time. Win-Win. :-)

I'm inclined to agree but I think activation should happen in the region of 65% of miners. Here are some of the reasons stated by Jared on the subject.

Digi Tater, [20.03.17 14:16]
it fixes the transaction malleability issue

Digi Tater, [20.03.17 14:17]
it allows for roughly 4mb worth of transactions in the same space as 1 mb takes now

Digi Tater, [20.03.17 14:17]
most importantly it allows for a future of on chain "smart" contracts on UTXO based blockchains

Digi Tater, [20.03.17 14:17]
so from an applications standpoint it opens many doors

Digi Tater, [20.03.17 14:18]
It actually makes the most sense to combine both approaches, Segwit + increased block sizes

Only for segwit transactions

Best case scenario 4MB, and segwit saves space by removing the signature data to save KB in block space. This technically makes the coins spendable by anyone.

Segwit in itself does not do this. It's the byproduct of a malleability fix.

It finally opened the door for a much need hard fork for Bitcoin, yes. It's so bad people will now FINALLY hard fork the block size for bitcon; something Digibyte has already successfully done.
For litecoin, not so many doors.
It's already falied twice. No need to bring the failure and drama to Digibyte.

Again, Segwit is so overly complex it actually does not make sense.

I understand why jared is pro segwit, it's good for "marketing", but from a technical standpoint, its absolutely terrible.

Please read this with an open mind

http://www.wallstreettechnologist.com/2016/12/03/core-segwit-you-need-to-read-this/
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March 21, 2017, 12:38:59 AM
 #29729


I understand why jared is pro segwit, it's good for "marketing", but from a technical standpoint, its absolutely terrible.

Not going to disagree with anything else that's been said but the dev team is not 'pro segwit'.

We have a more than adequate fix for tx scaling via our increased speed and block sizes. I'm Far more interested in keeping our bloat down and in on-chain smart contracts.
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March 21, 2017, 02:14:52 AM
 #29730


I understand why jared is pro segwit, it's good for "marketing", but from a technical standpoint, its absolutely terrible.

Not going to disagree with anything else that's been said but the dev team is not 'pro segwit'.


Was not my intent to imply that about the whole team.
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March 21, 2017, 09:07:07 AM
 #29731


What's the old saying? "If it ain't broke, don't fix it." Is that it?

I think that applies in DigiBytes case. Necessary updates, and the rest left as "future ready". Be a respected leader, not a mindless follower.

As for BTC, well, they're in another situation entirely, and it looks like they're not making good decisions either. Here's a nice run-down that I think is very hard to argue against using sound logic and fundamental facts. http://www.zerohedge.com/news/2017-03-19/bitcoins-fork-road

Let others make the mistakes while we keep the safe and steady high road.


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March 21, 2017, 10:33:23 AM
 #29732


What's the old saying? "If it ain't broke, don't fix it." Is that it?


+100, Toyota way - look at others, analyze their success/problems, only then apply if needed.
there's no hurry with segwit at all.

but i really need 6.13.0, chain's pretty long, block check at startup takes too long, almost intolerable now.
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March 21, 2017, 10:54:51 AM
 #29733


What's the old saying? "If it ain't broke, don't fix it." Is that it?

I think that applies in DigiBytes case. Necessary updates, and the rest left as "future ready". Be a respected leader, not a mindless follower.

As for BTC, well, they're in another situation entirely, and it looks like they're not making good decisions either. Here's a nice run-down that I think is very hard to argue against using sound logic and fundamental facts. http://www.zerohedge.com/news/2017-03-19/bitcoins-fork-road

Let others make the mistakes while we keep the safe and steady high road.



Now I understand your concern here but nobody is talking about breaking anything. This is about preparing DigiByte so that it can realise its full potential and compete or indeed outperform, at least with capability if not price, all others crypto’s including precious bitcoin.
It’s interesting that the article you have presented is an argument for bitcoin supporters to support Segwit and not a fork with increased block sizes. The argument is totally based in protectionism of price of bitcoin and I’m not saying it shouldn’t be of any concern but it is flawed. Any coin that is not bitcoin is an ‘alt coin’ and this article suggests that if it is an ’alt coin’, it is shit and that I think, just doesn’t make any real sense.
Because DigiByte is only traded through bitcoin and because how traders tend to operate, DigiByte maintains a relationship closer to fiat, so at this time, this means that whatever changes DigiByte dev team do make, anything other than total catastrophic failure of the blockchain is unlikely to lead to price being pushed far below this threshold before returning to at least this relationship with fiat again. To summarise, our risk is infinitesimally small compared to many other crypto’s and especially bitcoin.
That said, I agree this should not be approached without caution and planning. There is no great urgency to rush into this and a smooth transition will deliver the best outcome for all DigiByte supporters.
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March 21, 2017, 05:13:37 PM
 #29734

Coming soon! #DigiByte v6.13 DigiSync! Many core wallet updates! Fast synchronization & more scalability!

You have to be shitting me right? You giving bitcoins fast sync the name of digisync. What a bunch of con artists. It's like us calling header first sync GRSsync. It's not your fucking code, don't pretend it is.
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March 21, 2017, 05:40:26 PM
 #29735

Coming soon! #DigiByte v6.13 DigiSync! Many core wallet updates! Fast synchronization & more scalability!

You have to be shitting me right? You giving bitcoins fast sync the name of digisync. What a bunch of con artists. It's like us calling header first sync GRSsync. It's not your fucking code, don't pretend it is.

does it really bother you bro ?
if byte had become DigiByte, of course any sync becomes DigiSync, won't be surprised to see DigiWit a lil later lol.
but it's alright..
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March 21, 2017, 05:46:13 PM
 #29736

DGB is one of the very few time tested coins which whenever start moving upwards always bring nice ROI to all its investors and holders periodically without any worry. All these activities in cryptocurrencies will turn towards to DGB market to show us some speculation.

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FryguyUK
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March 21, 2017, 08:00:21 PM
 #29737

oh hai, 100 satoshi?
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March 21, 2017, 08:02:24 PM
 #29738

oh hai, 100 satoshi?

More like 50 max Smiley
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March 22, 2017, 05:20:59 AM
 #29739

oh hai, 100 satoshi?

More like 50 max Smiley


30 now ~~~~ Smiley Grin
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March 22, 2017, 06:42:51 AM
 #29740

finally the price is going in a good direction, I have been buying all the way down to 19 sat. I won't sell anything before 75 sat. I only want to sell 30 btc worth and keep the rest for long term.

In order for the coin to maintain 100 sat about 1000 btc in buy orders will be required at 100 to combat a dump of 1 billion coins. 1000 btc is a drop in the ocean on Poloniex.

Will buy digibyte under 150 sat.
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