Scrachit
Jr. Member
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Activity: 32
Merit: 1
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February 25, 2015, 08:10:48 PM |
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You said there's a need of coins to creat the trade volume. The coin is released a year already, so gues a billion coin is already in wallets. And it's a big number. So while everyone is holding like i read in the group there s no trading volume then no change. I know about trading enough, but i pointed myself that i'm no expert at the moment, but i know that without action there wont be anychanges. Look at Bitcoin and look at their charts when it's started. The price went up and stable cause of trading and money volume. Everyone was trading and that s why it appeared cause ppl got invovlved in it. Why the need of adding exchanges when only 2 of 7 are working and making volume? When noone trade then noone will know about digi, it's cost and volume. If we show it, trade it and etc. Then ppl notice it, exchanges notice it and start been involved in it. Otherwise it's like - i want an olimpyc gold medal but i wont work hard enough to achieve it. better watch the game on TV and think that you can do better, while you sit in the chair and you are not ivolved in it. For example-i'm new with Digi. My friend told me about it. Ok. I know the name and i know bitcoin on the other hand. I go on charts and see the ivolvement of ppl in it's trading and community and i will see that btc got a strong one and fixed and digi has a community but no trade at all while many ppl hold there coins. So i will see no need to invest cause i will go to the exchanges and see the volume, and it's very low, so my gues will be - i invest but will reseave nothing over time cause no strong volume is in Digi for a year already. So while the dev work hard on developing and upgrading, the community who have invested should trade and show others that's a lot of faith, money and work was put on the table, and after that more investors would be interested in developing Digi and we will move forward. But only words usually do nothing - only actions. That's why i'm calling to start trade and show the power of Digi and not hide coins in pockets talking about it's future while do nothing. It's fun to see in volume 15-1000 coins, while the normal one should always be more than 1 million, look at stellar with 3 billion coins and Doge coin - their volume is high - that's why they are on top of it with Cap over 1 million $.
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Jumbley
Legendary
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Activity: 1218
Merit: 1003
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February 25, 2015, 08:25:34 PM |
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You said there's a need of coins to creat the trade volume. The coin is released a year already, so gues a billion coin is already in wallets. And it's a big number. So while everyone is holding like i read in the group there s no trading volume then no change. I know about trading enough, but i pointed myself that i'm no expert at the moment, but i know that without action there wont be anychanges. Look at Bitcoin and look at their charts when it's started. The price went up and stable cause of trading and money volume. Everyone was trading and that s why it appeared cause ppl got invovlved in it. Why the need of adding exchanges when only 2 of 7 are working and making volume? When noone trade then noone will know about digi, it's cost and volume. If we show it, trade it and etc. Then ppl notice it, exchanges notice it and start been involved in it. Otherwise it's like - i want an olimpyc gold medal but i wont work hard enough to achieve it. better watch the game on TV and think that you can do better, while you sit in the chair and you are not ivolved in it. For example-i'm new with Digi. My friend told me about it. Ok. I know the name and i know bitcoin on the other hand. I go on charts and see the ivolvement of ppl in it's trading and community and i will see that btc got a strong one and fixed and digi has a community but no trade at all while many ppl hold there coins. So i will see no need to invest cause i will go to the exchanges and see the volume, and it's very low, so my gues will be - i invest but will reseave nothing over time cause no strong volume is in Digi for a year already. So while the dev work hard on developing and upgrading, the community who have invested should trade and show others that's a lot of faith, money and work was put on the table, and after that more investors would be interested in developing Digi and we will move forward. But only words usually do nothing - only actions. That's why i'm calling to start trade and show the power of Digi and not hide coins in pockets talking about it's future while do nothing. It's fun to see in volume 15-1000 coins, while the normal one should always be more than 1 million, look at stellar with 3 billion coins and Doge coin - their volume is high - that's why they are on top of it with Cap over 1 million $.
The volume of DGB today is already greater than 5 other coins in the top 20 going by market capitalisation alone. This figure will increase with price not volume. http://coinmarketcap.com/ |
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usukan
Legendary
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Activity: 1590
Merit: 1002
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February 25, 2015, 08:38:33 PM |
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Agree 100% - especially the POS - was very surprised to learn that DGB did not have POS This is an interesting discussion by Vitalik Buterin (Ethereum) on POS (start vid at 27:30 mins for POS discussion) https://www.youtube.com/watch?v=qPsCGvXyrP4I don't understand the miners.
They sell digibyte for pay cost electricity.
But why they're mining ? Don't mine and you don't pay cost electric? (if you don't trust in this coin)
Leave this market who have a good future.
I'm a miner of DGB and I'm holding.
+1 this something i also don't understand? If you mine to pay for electricity and pocket no pay, you shouldn't mine just for the sake of mining; either it be Gold, or Cryptos. That's insanity, Albert Einstein will tell you that all day in different words... I tell all miners that if they need to sell more than 75% of their take for mining expenses, they shouldn't mine at all. That's like working for someone, it's defies the point of mining; miners must have a drive to "strike it rich"... it's the premise of Gold Mining. Every miner has to have the drive of striking it rich but if you don't hold any coin, that will never happen. However, it's everyone's right to mine and sell their take... it's also everyone's right to hold... Most who get into mining have no idea of the real life mining industry and lack technical know-how. I don't care, I'll keep buying lots of cheap coins with Bitcoin and mine as much as I can. Let's not hide the fact that DGB needs more big holding miners so the smaller ones who sell their entire pay won't matter. What DGB needs next fork is.... PoS?? Watch how many start holding XD |
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Scrachit
Jr. Member
Offline
Activity: 32
Merit: 1
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February 25, 2015, 08:57:20 PM |
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You said there's a need of coins to creat the trade volume. The coin is released a year already, so gues a billion coin is already in wallets. And it's a big number. So while everyone is holding like i read in the group there s no trading volume then no change. I know about trading enough, but i pointed myself that i'm no expert at the moment, but i know that without action there wont be anychanges. Look at Bitcoin and look at their charts when it's started. The price went up and stable cause of trading and money volume. Everyone was trading and that s why it appeared cause ppl got invovlved in it. Why the need of adding exchanges when only 2 of 7 are working and making volume? When noone trade then noone will know about digi, it's cost and volume. If we show it, trade it and etc. Then ppl notice it, exchanges notice it and start been involved in it. Otherwise it's like - i want an olimpyc gold medal but i wont work hard enough to achieve it. better watch the game on TV and think that you can do better, while you sit in the chair and you are not ivolved in it. For example-i'm new with Digi. My friend told me about it. Ok. I know the name and i know bitcoin on the other hand. I go on charts and see the ivolvement of ppl in it's trading and community and i will see that btc got a strong one and fixed and digi has a community but no trade at all while many ppl hold there coins. So i will see no need to invest cause i will go to the exchanges and see the volume, and it's very low, so my gues will be - i invest but will reseave nothing over time cause no strong volume is in Digi for a year already. So while the dev work hard on developing and upgrading, the community who have invested should trade and show others that's a lot of faith, money and work was put on the table, and after that more investors would be interested in developing Digi and we will move forward. But only words usually do nothing - only actions. That's why i'm calling to start trade and show the power of Digi and not hide coins in pockets talking about it's future while do nothing. It's fun to see in volume 15-1000 coins, while the normal one should always be more than 1 million, look at stellar with 3 billion coins and Doge coin - their volume is high - that's why they are on top of it with Cap over 1 million $.
The volume of DGB today is already greater than 5 other coins in the top 20 going by market capitalisation alone. This figure will increase with price not volume. http://coinmarketcap.com/They have a capitalisation olready over 1 million $. And we jump from 300 thousand to 600 with no progress. The more we hold, the less cap we have. The more we put in, the more we have and we go up stable. |
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EPLDCC
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February 25, 2015, 10:57:52 PM |
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Agree 100% - especially the POS - was very surprised to learn that DGB did not have POS This is an interesting discussion by Vitalik Buterin (Ethereum) on POS (start vid at 27:30 mins for POS discussion) https://www.youtube.com/watch?v=qPsCGvXyrP4There's no such thing as free money. Work is valuable. We always pay for opportunity. I would strongly oppose introducing POS for DGB. Unless you mean something like calculated on a year over year basis with a low (like 2%) stake reward. I watched the video you suggested. I was not surprised that the entire discussion was related to the how POS technology functions and not the economics of implementation. Frequently, digital currency developers understand writing code and developing tech; they focus on the technology and ignore the fact that they are essentially implementing monetary policy. They're interested in could more than should. As a technology POS works like mining the block chain (your wallet balance becomes your hash rate). But, from an economic perspective, POS turns "investment in production" into "interest." The effects of high interest rates (and thus POS) are straightforward. High interest rates discourage investment and spending, they reward saving, decrease confidence (make risk less appealing), over long periods of time they reduce aggregate demand and raise taxes - and - most important - they put strong deflationary pressure (downward pressure) on the exchange price. None of those effects would be good for DGB. When I first heard about POS I though it sounded really great. So, earlier this year I bought some coins in a POS alt-coin. Today, I have a far bigger balance of coins - and that larger amount is worth about half as much as when I traded for them. Nobody exchanges ... the exchange value averages down at relatively the same rate as the stake value. I figure it will take another 12 months of monthly staking (exponential growth) for me to get back to even and sell. So, based on the economics and my own experience, I would say that we should encourage use, exchange, and production, rather than saving of DGB. As a thought experiment, it might be interesting to consider a separate company (using a POS sidechain) that acts like a bank - paying interest on deposits and loaning out, and trading, the deposits, to provide liquidity to the market. However, the marketplace for alt-coins isn't sophisticated enough for that sort of system - at least not yet. |
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HR
Legendary
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Activity: 1176
Merit: 1011
Transparency & Integrity
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February 25, 2015, 11:00:21 PM
Last edit: February 25, 2015, 11:24:17 PM by HR |
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Agree 100% - especially the POS - was very surprised to learn that DGB did not have POS
Yeah, yeah, yeah. Maybe it's because it's not necessary and won't be for another decade . . . There are a lot of other great POS coins out there though if that's what you're looking for. |
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nanoprobe
Legendary
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Activity: 980
Merit: 1000
Traveling in subspace
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February 26, 2015, 12:10:16 AM |
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There's no such thing as free money. Work is valuable. We always pay for opportunity. I would strongly oppose introducing POS for DGB. Unless you mean something like calculated on a year over year basis with a low (like 2%) stake reward. I watched the video you suggested. I was not surprised that the entire discussion was related to the how POS technology functions and not the economics of implementation. Frequently, digital currency developers understand writing code and developing tech; they focus on the technology and ignore the fact that they are essentially implementing monetary policy. They're interested in could more than should.
As a technology POS works like mining the block chain (your wallet balance becomes your hash rate). But, from an economic perspective, POS turns "investment in production" into "interest." The effects of high interest rates (and thus POS) are straightforward. High interest rates discourage investment and spending, they reward saving, decrease confidence (make risk less appealing), over long periods of time they reduce aggregate demand and raise taxes - and - most important - they put strong deflationary pressure (downward pressure) on the exchange price. None of those effects would be good for DGB.
When I first heard about POS I though it sounded really great. So, earlier this year I bought some coins in a POS alt-coin. Today, I have a far bigger balance of coins - and that larger amount is worth about half as much as when I traded for them. Nobody exchanges ... the exchange value averages down at relatively the same rate as the stake value. I figure it will take another 12 months of monthly staking (exponential growth) for me to get back to even and sell.
So, based on the economics and my own experience, I would say that we should encourage use, exchange, and production, rather than saving of DGB. As a thought experiment, it might be interesting to consider a separate company (using a POS sidechain) that acts like a bank - paying interest on deposits and loaning out, and trading, the deposits, to provide liquidity to the market. However, the marketplace for alt-coins isn't sophisticated enough for that sort of system - at least not yet.
One of the best posts I've ever read on this site. |
You'll never know what you're living for until you know what you're willing to die for.
Never look back, something might be gaining on you.
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mikejones1
Newbie
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Activity: 43
Merit: 0
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February 26, 2015, 01:00:59 AM |
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There's no such thing as free money. Work is valuable. We always pay for opportunity. I would strongly oppose introducing POS for DGB. Unless you mean something like calculated on a year over year basis with a low (like 2%) stake reward. I watched the video you suggested. I was not surprised that the entire discussion was related to the how POS technology functions and not the economics of implementation. Frequently, digital currency developers understand writing code and developing tech; they focus on the technology and ignore the fact that they are essentially implementing monetary policy. They're interested in could more than should.
As a technology POS works like mining the block chain (your wallet balance becomes your hash rate). But, from an economic perspective, POS turns "investment in production" into "interest." The effects of high interest rates (and thus POS) are straightforward. High interest rates discourage investment and spending, they reward saving, decrease confidence (make risk less appealing), over long periods of time they reduce aggregate demand and raise taxes - and - most important - they put strong deflationary pressure (downward pressure) on the exchange price. None of those effects would be good for DGB.
When I first heard about POS I though it sounded really great. So, earlier this year I bought some coins in a POS alt-coin. Today, I have a far bigger balance of coins - and that larger amount is worth about half as much as when I traded for them. Nobody exchanges ... the exchange value averages down at relatively the same rate as the stake value. I figure it will take another 12 months of monthly staking (exponential growth) for me to get back to even and sell.
So, based on the economics and my own experience, I would say that we should encourage use, exchange, and production, rather than saving of DGB. As a thought experiment, it might be interesting to consider a separate company (using a POS sidechain) that acts like a bank - paying interest on deposits and loaning out, and trading, the deposits, to provide liquidity to the market. However, the marketplace for alt-coins isn't sophisticated enough for that sort of system - at least not yet.
One of the best posts I've ever read on this site. i plus one this as well |
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halinyo
Legendary
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Activity: 1106
Merit: 1000
The future is bright with DigiByte.
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February 26, 2015, 04:12:31 AM |
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@Halinyo, your signature text sounds so incredibly cheesy...
That is the aim, taking attention. Seems like it worked out, made you angry, buy more DGB lol Seriously, that was because a few people asked for permission to use it since I was the first, and I said please use, so publicly announced, nothing more than that buddy. |
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jackbox
Legendary
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Activity: 1246
Merit: 1024
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February 26, 2015, 04:47:16 AM |
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The "X" is required to be traded on commodities and futures exchanges. Not necessary until the market wants to speculate with big bucks in DGB. |
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CryptoRaver
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February 26, 2015, 07:46:28 AM |
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So curious how the road trip is going, anny news  |
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miningpros
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February 26, 2015, 08:29:35 AM |
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So curious how the road trip is going, anny news Purely looking at the total Coins DGB should be 5 times Doge ini value, that means average 300 Sat with tops to around 900 Sat. Wonder when that will happen...  |
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CryptoRaver
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February 26, 2015, 11:46:09 AM |
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So curious how the road trip is going, anny news Purely looking at the total Coins DGB should be 5 times Doge ini value, that means average 300 Sat with tops to around 900 Sat. Wonder when that will happen... Your right but only Jarred knows  |
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SeriousLurker
Newbie
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Activity: 2
Merit: 0
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February 26, 2015, 02:36:00 PM |
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So curious how the road trip is going, anny news Purely looking at the total Coins DGB should be 5 times Doge ini value, that means average 300 Sat with tops to around 900 Sat. Wonder when that will happen... Your right but only Jarred knows I'm sorry but what?? Digibyte has done far more in terms of development and progress than the vast majority of altcoins and yet the price is still what I would call at its bottom. The reason as I see for it is because of the 'investors'. It seems to me that no matter what jared manages to achieve it wont make a whole lot of difference because the majority of the support are simply greedy fuckers out to make a buck. Majority don't care about the actual technology behind what they are investing in and as soon as the price does rise they will dump their stash. The altcoin scene is cancerous due to investors and it really sucks because we are on the forefront of what could be a revolution in the way we conduct business and transfer money but very few actually care because "dollar dollar bill yall". Stop waiting on the dev team to make annoucements and start researching the technology behind what your actually investing in. If you can't understand the basics behind mining than Im sorry but you deserve to loose your money. There are of course a couple of exceptions and to those of you that are the exception keep doing what your doing because this technology needs you! The dev team here seems top notch and if all the 'altcoin devs' were as legitmate as you guys we would make some serious progress with the general populace. I guess it is what it is. |
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SeriousLurker
Newbie
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Activity: 2
Merit: 0
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February 26, 2015, 04:29:36 PM |
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I am holding here as long we not reach the real value of Digibyte i not selling  And thus you have made my point for me. You are not in it to support digibyte as a whole you are only here until the price hits your idea of "real value" and then you will sell. The problem is there is plenty of investors just like you each with wildly varying ideas of "real value". |
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Verias
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February 26, 2015, 04:38:26 PM |
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I am holding here as long we not reach the real value of Digibyte i not selling And thus you have made my point for me. You are not in it to support digibyte as a whole you are only here until the price hits your idea of "real value" and then you will sell. The problem is there is plenty of investors just like you each with wildly varying ideas of "real value". me i hold 70% and i use 30% to buy and sell. maybe a good idea for everyone if u support DGB but i only started this 2 months ago so what do i know |
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CryptoRaver
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February 26, 2015, 05:28:54 PM
Last edit: February 26, 2015, 06:00:36 PM by CryptoRaver |
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I am holding here as long we not reach the real value of Digibyte i not selling And thus you have made my point for me. You are not in it to support digibyte as a whole you are only here until the price hits your idea of "real value" and then you will sell. The problem is there is plenty of investors just like you each with wildly varying ideas of "real value". Not exactly most will always keep supporting Digibyte when it bring some profit later on, maybe on a other way but it will. When it reach a fair price for that moment you can sell coins slowly with some knowledge what's best that moment. But there are alot of facts around ,with many different players in the game to, the perfect plan can make crazy moves. I hope i can use it as a replacement in the future, for now i'm holding, waiting what the trip around the world plans are. After that i can make new plans. Is there any news when this mission compleets? |
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