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

[DigiByte]

Very 1st ever $DGB SegWit transaction on live DigiByte blockchain sent from HongKong to Australia!


https://twitter.com/DigiByteCoin/status/858932036295196672

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[HR]

Very 1st ever $DGB SegWit transaction on live DigiByte blockchain sent from HongKong to Australia!


https://twitter.com/DigiByteCoin/status/858932036295196672

So you guys are continuing to work?  

That's a joke. Of course you are, and it's good to know what you're up to, even if it's just a one line "progress report". And I mean that seriously.

Another first. Very nice. May the list never end!


By the way, what plans are there for updating digiexplorer so everyone can easily see all pertinent data? Do you have any particulars on that yet?

[lionhead666]

Maybe ...a Poll...would be able to tell us.....what each of these groups are interested in....exactly.

A Poll for the General Public...would confirm whether or not, my suspisions are correct ^^"

Do they "want" to make money...with DGB ...by doing what ..."Investors" do? (e.g mining)

Or do they just want things cheaper?

I dunno hehe ^^...but thats how "id" find out my answers ^^

On the simplest level, this is what I see:

Devs want people to use their coin to increase it's value, and their profits.

Miners/traders want people to use the coin to increase it's value, and their profits.

General public wants a coin that is easy to use and accepted everywhere.  If it's not as convienant to use as paypal/credit card, the general public isn't interested.

 Right now crypto is only available to those willing to go through all of the barriers to entry to obtain them, and there aren't many good reasons to have them as a consumer.  Without the Silk Road making it worthwhile for people to want to figure BTC out, it never would have gained it's initial traction.    There currently isn't a single reason why the average-joe should use crypto instead of fiat for a legal purchase.  This is what holds us back.

In my opinion, dgb development needs to focus on an easy-to-use wallet with built in fiat/dgb transactions, and lightning network with the intent of targeting Point-of-Sale systems and payment processors.  If we want a healthy crypto-economy, we need commerce.   To increase commerce we must address the issues preventing businesses from accepting crypto as payment.  The most common complaints I've heard from business owners are Confirmations Times, Price Volatility and taxes.   Lighting network will solve transaction times, and enable dgb to utilize smart contracts like ethereum.   Price stability and taxes are harder to solve, but not impossible.  One solution is a 3rd Party payment processor that bears the risk of price fluctuations for a transaction fee.   The payment processor converts DGB to fiat, so the business never has to interface with crypto at all, and doesn't need to worry about the capital gains/losses of dealing with crypto on their taxes.   We need crypto that "just works."

Well said. This sums it up and is abolutely true. One possibility is to get DGB on an existing payment processor or establish one primarily for DGB.

[imconfusedman]

It seems like the DigiByte Gaming website can't put any DGB into my wallet and I read the notice on the side that popped up which said
"We are pausing all payouts until we fix some issues with exploits in payout API interface. Than you for your understanding."

Does this mean all rewards and points can't be credited anymore? For example if I win a league of legends game will I still get 1 DGB?
Or does it just mean that they're still credited and you can't transfer any out of the website for now?
I'm confused...

Any idea when this will be fixed?
Any answers are helpful, thanks.

[HR]

Maybe ...a Poll...would be able to tell us.....what each of these groups are interested in....exactly.

A Poll for the General Public...would confirm whether or not, my suspisions are correct ^^"

Do they "want" to make money...with DGB ...by doing what ..."Investors" do? (e.g mining)

Or do they just want things cheaper?

I dunno hehe ^^...but thats how "id" find out my answers ^^

On the simplest level, this is what I see:

Devs want people to use their coin to increase it's value, and their profits.

Miners/traders want people to use the coin to increase it's value, and their profits.

General public wants a coin that is easy to use and accepted everywhere.  If it's not as convienant to use as paypal/credit card, the general public isn't interested.

 Right now crypto is only available to those willing to go through all of the barriers to entry to obtain them, and there aren't many good reasons to have them as a consumer.  Without the Silk Road making it worthwhile for people to want to figure BTC out, it never would have gained it's initial traction.    There currently isn't a single reason why the average-joe should use crypto instead of fiat for a legal purchase.  This is what holds us back.

In my opinion, dgb development needs to focus on an easy-to-use wallet with built in fiat/dgb transactions, and lightning network with the intent of targeting Point-of-Sale systems and payment processors.  If we want a healthy crypto-economy, we need commerce.   To increase commerce we must address the issues preventing businesses from accepting crypto as payment.  The most common complaints I've heard from business owners are Confirmations Times, Price Volatility and taxes.   Lighting network will solve transaction times, and enable dgb to utilize smart contracts like ethereum.   Price stability and taxes are harder to solve, but not impossible.  One solution is a 3rd Party payment processor that bears the risk of price fluctuations for a transaction fee.   The payment processor converts DGB to fiat, so the business never has to interface with crypto at all, and doesn't need to worry about the capital gains/losses of dealing with crypto on their taxes.   We need crypto that "just works."

Well said. This sums it up and is abolutely true. One possibility is to get DGB on an existing payment processor or establish one primarily for DGB.

While I believe that the shareholder's main goal is a store of value that is => his or her original purchase price, I also agree that ease of use from a payment perspective is also very important. (A chicken or the egg argument?)

Here are some links to payment processing options. The Bitcoin only sites are obviously not very likely, but imagine if DigiByte could make a breakthrough with one of them! Imagine DGB on Coinbase! Okay, almost impossible, but with the right person making the right contacts, and a little persistence and staying power, we might change that assessment to "sooner or later" (which should be the idea with everything we talk about - where there's a will, there's a way).

http://www.newsbtc.com/2015/05/22/shapeshift-io-partners-with-crypto-payment-processor-coinpayments-net/
https://www.coinpayments.net/supported-coins

https://www.coinbase.com/
https://bitpay.com/
https://www.gocoin.com/
https://cryptopay.me/

DYI (not so easy):
https://bitcoin.stackexchange.com/questions/20172/how-to-make-a-payment-processor-like-bitpay
https://github.com/bitcoin/bips/blob/master/bip-0070.mediawiki

[HR]

Hey, hey, hey. How about that? We’ve got a working rich list! https://i.imgur.com/xUfqLxL.jpg





Geographical distribution. https://i.imgur.com/Wip6geO.jpg




The Raw Transaction for that 1st ever SegWit transaction!
https://chainz.cryptoid.info/dgb/tx.dws?5b04736f8058cc42d3fa54ac1a8b05ace47fc5a82095989f66067415ad49b28e.htm

And lots more at: https://chainz.cryptoid.info/dgb/

Cheers!

[Arcade425]

Are there any big business backing Digibyte like how Google backs ripple?

[iikun]

Hey, hey, hey. How about that? We’ve got a working rich list! https://i.imgur.com/xUfqLxL.jpg





Geographical distribution. https://i.imgur.com/Wip6geO.jpg




The Raw Transaction for that 1st ever SegWit transaction!
https://chainz.cryptoid.info/dgb/tx.dws?5b04736f8058cc42d3fa54ac1a8b05ace47fc5a82095989f66067415ad49b28e.htm

And lots more at: https://chainz.cryptoid.info/dgb/

Cheers!

Not entirely sure what the "Last Change" column on the rich list is. Surely that one at the top (which holds 21% of all DGB ever mined) must have had some movement in the past year?

[HR]

Not entirely sure what the "Last Change" column on the rich list is. Surely that one at the top (which holds 21% of all DGB ever mined) must have had some movement in the past year?

The good news is that now we have 2 block explorers and we can confirm: https://digiexplorer.info/address/DCo1dbnnwWB4cucwSduXMdTV1tDErZHNfx

That looks like one "whale" of an investor. It looks to me like it was all purchased on the open market, and not exactly at the lows. I'm doing a fairly close analysis, but you can get a general idea by matching time stamps to the historical price chart. A major investor who has made a huge investment and had no problem riding out the storm when price dropped. I would say that this is someone who plans to hold for a long, long time.

Bigger than the next 9 of the top 10 all put together, but they're no slouches either. Fun to look at. For example, #2 looks like an early miner who later did some buying, #3 looks like a pure investor who was last buying at lows last fall, hung on during the dip to 17 SAT, and has recently taken profits (the rich list is not updated to reflect the most recent sells though . . .), #4 bought his/her entire position between 51-55 SAT between June 30 and July 1 last year and had no problem riding out the slump, etc., etc. These DigiBytes are in strong hands.

Edit: the DigiByte explorer just went live today and it looks like raw data is still being processed for the first time as some of these have changed ranking already - for example, what I thought might be a major exchange that was ranked #5 is now, around 8 hours later, ranked #7, #3 is now #5, #4 is now #3, etc. Just be aware that it's still "bootstrapping".

[IloveDigibyte]

Not entirely sure what the "Last Change" column on the rich list is. Surely that one at the top (which holds 21% of all DGB ever mined) must have had some movement in the past year?

The good news is that now we have 2 block explorers and we can confirm: https://digiexplorer.info/address/DCo1dbnnwWB4cucwSduXMdTV1tDErZHNfx

That looks like one "whale" of an investor. It looks to me like it was all purchased on the open market, and not exactly at the lows. I'm doing a fairly close analysis, but you can get a general idea by matching time stamps to the historical price chart. A major investor who has made a huge investment and had no problem riding out the storm when price dropped. I would say that this is someone who plans to hold for a long, long time.

Bigger than the next 9 of the top 10 all put together, but they're no slouches either. Fun to look at. For example, #2 looks like an early miner who later did some buying, #3 looks like a pure investor who was last buying at lows last fall, hung on during the dip to 17 SAT, and has recently taken profits (the rich list is not updated to reflect the most recent sells though . . .), #4 bought his/her entire position between 51-55 SAT between June 30 and July 1 last year and had no problem riding out the slump, etc., etc. These DigiBytes are in strong hands.

Not sure if it was the same person but during the pump last year I saw someone put down 400 million at 100 sat. Removed it after a bit as they were trying to force the price down.

There is some major players on Poloniex.

[IloveDigibyte]

Edit: Disappointed whale dumps 66 million DGB, but before I posted this. Not my fault!  

Just now: 80 million on a hammer down to 51 that closed at 57 (5 min chart). Ouch. The same guy?

Maybe it´s not a guy but a Coinexchange like Litebit.eu dumping a few of the coins they "bought" in the last days.

https://www.litebit.eu/en/buy/digibyte

Could be, but that kind of dumping is indicative of poor money/trade management and I wouldn't expect companies like Litebit to be guilty of that. But anything is possible. They also have restrictions on much they buy and sell at any one time, which you can get around a bit by storing up credits, but even then the amount of coins "available" to be bought or sold is still no where near the amount necessary to cause them to have to immediately "offload" risk in such drastic fashion. That price action looks very emotional to me . . . anything but professional money management.

Edit: the "pros" were most likely on the buy side.

During the last pump I saw a trader place 400 million at 100 sat and remove it, was a fake sell wall. There is 1 or 2 huge holders of digibyte on Poloniex.

[HR]

Not entirely sure what the "Last Change" column on the rich list is. Surely that one at the top (which holds 21% of all DGB ever mined) must have had some movement in the past year?

The good news is that now we have 2 block explorers and we can confirm: https://digiexplorer.info/address/DCo1dbnnwWB4cucwSduXMdTV1tDErZHNfx

That looks like one "whale" of an investor. It looks to me like it was all purchased on the open market, and not exactly at the lows. I'm doing a fairly close analysis, but you can get a general idea by matching time stamps to the historical price chart. A major investor who has made a huge investment and had no problem riding out the storm when price dropped. I would say that this is someone who plans to hold for a long, long time.

Bigger than the next 9 of the top 10 all put together, but they're no slouches either. Fun to look at. For example, #2 looks like an early miner who later did some buying, #3 looks like a pure investor who was last buying at lows last fall, hung on during the dip to 17 SAT, and has recently taken profits (the rich list is not updated to reflect the most recent sells though . . .), #4 bought his/her entire position between 51-55 SAT between June 30 and July 1 last year and had no problem riding out the slump, etc., etc. These DigiBytes are in strong hands.

Not sure if it was the same person but during the pump last year I saw someone put down 400 million at 100 sat. Removed it after a bit as they were trying to force the price down.

There is some major players on Poloniex.

Perhaps, but by the pattern of buys, I'm not too sure he/she cares too much about a few more or a few less (+-100) SAT. Looks like a very long term accumulation when things are looking good (i.e. not much done in the absolute low ranges).

Looks like wallet #5 is a major exchange, probably Poloniex.


Edit: BTW, 66 SAT is the full halfway back (50% retrace). 

[Ssjaak]

Wtf is going on with Digibyte where is the Segwit dream? Its makes no difference and making a move in the opposite detection with a big drop right now.

[HR]

Wtf is going on with Digibyte where is the Segwit dream? Its makes no difference and making a move in the opposite detection with a big drop right now.

Panic buy in BTC = panic sell (big sucking sound) in Alts, especially where there were the most profits. Never underestimate the stupidity of the greedy.  

[Ssjaak]

Yeah okay all altcoins like to drop as bitcoin rise a new time high..

[xtrembash]

Hi @all,

i made a mistake
i withdraw some dgb on dope adress

how can remove the private key from dope adress and place it into dgb ?!
coins lost ?!

br.

[HR]

Just finished the spreadsheet analysis for Rich List Wallet #1.

A total of 1687 BTC were used to buy the 1,800,000,000 DGB over a period of 7 months between Nov. 2015 and May 2016. The total USD amount eqivalent was $677,916.00, which would only buy ~451 BTC at today's prices. While a total return of almost 350% would have been realized if the entire investment had just been left in BTC, the 300% real USD return from the DGB investment is not bad at all considering that DigiByte is supposedly a long shot, high risk investment.  

He/she's got skin in the game and it's performing almost on an equal basis to BTC! Nice going! And that was with many a purchase made at or around spike highs!!!


Average cost in BTC =  ~.00000094

Average cost in USD =  .00037662

Average cost in price adjusted current BTC terms = ~.00000025

[HR]

^^

Those returns on investment for the #1 Wallet on the DGB Rich List mentioned in the previous post are specific to that particular investor, who, like all of us, wasn't lucky enough to pick the lows. In fact, purchases were made, in general, closer to the highs than the lows, and despite that, the position has still performed extremely well with an approximate 300% return.

And if we were to compare absolute returns from trough to current highs? What would those returns look like?

Well, if we go back to the "middle" of when the #1 Wallet was being "filled", let's say January 19, 2016, we'd have to say that DGB has appreciated by more or less 1,000% in real USD terms since then (depending on the day and current state of general panic in cryptolandia).

BTC closed that January day at $378.00 (Poloniex), which would give us a gain of around 400% to the present day (current price spike included).

As it turns out, DGB is the outperformer, by more than double the returns. So much so that you could have been an average investor who often bought near the highs (and never the lows) and still be in profits!

But we already knew that, right? I mean, it's right there in the Coin Market Cap chart, isn't it?



Don't say you weren't informed, okay?

 

[Jumbley]

Hi @all,

i made a mistake
i withdraw some dgb on dope adress

how can remove the private key from dope adress and place it into dgb ?!
coins lost ?!

br.

never tried this, never needed to but a wild stab at achieving that may be to brute force the dope address into a digibyte address in your wallet. https://www.cryptocoinsnews.com/get-custom-bitcoin-address/   Good luck.

[xxkaiwaxx]

You know how everything dropped last nite....coz of btc on the rise...

Is the ...opposite...true also?.....when btc drops....everything else rises?...

Orr...nothing that simple? hehe ^^" (still learning lol)

Gosh i was tempted to sell it hehe...but then i thought...."Dont be fkn stupid!! They ALL dropped!! ...just figure out why!"

Thats...when i decided to check btc's price hehe ^^