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

[bogglor]

All that most people seem to care about is getting DGB at a low price, and waiting for a high price to sell it and make alot of money. These people aren't 'supporters' of DGB. They are supporters of their own wealth.

If you really supported DGB, you wouldn't look at it as a speculative commodity. You would know that the price of DGB isn't important as it's adoption as a currency. You would look at it as the future of monetary transactions, and you would hope for the day that you could spend your digibytes as easily as you can spend your dollars/euros.

[1715093856]

1715093856

[1715093856]

1715093856

[Jumbley]

I’ve often thought about the world I live in being full of ‘GFs’, mostly they are just doing what they’ve been taught, shame so many of them are so good at it I thought. Now, there are 7 billion people in the world and there is going to be 21 billion Digibyte. Is holding onto more than 3 greedy?
Digibyte, a digital currency for the world and that includes everyone with a wallet!

[Gunther]

All that most people seem to care about is getting DGB at a low price, and waiting for a high price to sell it and make alot of money. These people aren't 'supporters' of DGB. They are supporters of their own wealth.

You can take it in your bum-bum, sir. You can care about both, no?

[bogglor]

All that most people seem to care about is getting DGB at a low price, and waiting for a high price to sell it and make alot of money. These people aren't 'supporters' of DGB. They are supporters of their own wealth.

You can take it in your bum-bum, sir. You can care about both, no?

Take it in the bum-bum? Very intelligent. Please do not belittle people who say something that you don't agree with.

Yes you can care about both, but if you had taken the time to read most of the posts on here, you would see that many people are more concerned with the price and making a profit. Tons of posts about the price going up/down, etc. How many times do you read about people caring about adoption of the coin?

Jared and his team are working hard to bring DGB into the mainstream, not to increase the price so that people can hoard now and dump later to make a profit.

[Jumbley]

DIGI hear about that new DIGI TALL currency called DIGIBYTE ?

[Jumbley]

Surely it's not only me that has noticed? Digiman doesn't have his own digi-tool,that job's open and maybe we could treat it like a weekly award in here. He does have his own digital currency though. I like the excited feeling I get when I think about winning that award.
digi tall to digi small digibyte!

I meant good night!

good night.

[HR]

Reading recent posts regarding DGB's current value and what we speculate might be its real value, I got to thinking that, sometime in the future, maybe a year, maybe 5, certainly within 10, sooner or later, DigiByte will stop being an investment and become a medium of exchange. That means that the creation phase will end and the permanent usage phase will begin. Obviously, achieving this means an appropriately valued price as well. Continuing with the same logic, it's the original investors, which made the product possible, who take the lion’s share of the capital gain profits as price reaches for its long term potential.

The viable, and implemented, profitable product that is actively and widely used for the purpose it was designed for, rewards those who made it possible. And rightly so. What’s more, production costs are paid for first, before ever even considering profits. Have you ever done the calculations on what the production cost would be for a complete cryptographic digital currency blockchain that conforms to the strictest of guidelines and parameters that make it of the best quality possible in every aspect from security to trust? That's not cheap! It’s not necessary to actually do the math to intuitively understand that, since the “producers” are, in this case, the “miners”, all those kilowatthours will be paid for - and imagine what the total of electric bills must look like. Those are production costs that will be paid for! Then fixed costs will be recovered as well, and if you add all those numbers up, you’ll probably come up with a figure that reasonably represents an absolute base value below which DGB should never go (and which is still many times above where price is now).

Then we come to the early investors (some of which are also miners . . . maybe even started out as miners . . . maybe even only ever did mining) who take home the lion’s share. As they should. Their risk is handsomely rewarded. Again, rightly so.

....

The problem with current atl-coin pricing is that it is based on very simplistic analysis which is applied across the board without almost any consideration of any other criteria: a simple Your_Favorite_Coin-BTC ratio, nothing else, and for everything, every alt-coin, across the board. Coins like DGB won’t be appropriately valued until the valuation analysis becomes a bit more sophisticated.

[Soul_eater_123]

Just a note to those self-rioteous people who think that investors are a "problem" : Get over yourself. 

You may live in some fantasy world where money doesn't matter or you may be independently wealthy.  Most people don't and aren't.  They are looking out for their own interests because they have to. 

Cryptocurrencies whether they are DGB or BTC itself will only grow by getting more people on board.  They will not grow by people holding onto their coins indefinitely and waiting for something magical to happen. 

DGB is meant to be a currency not an investment asset.  A currency only grows when people use it. 

Right now the only real place to use DGB is on exchanges and that is a big problem but if those people who are currently buying or selling DGB weren't doing what they are doing DGB would already be dead.

The way to grow DGB is to get new people on board and that will only happen with new features and more places to use it.  Right now DGB doesn't have anything sufficiently attractive versus more traditional payment methods for the average person on the street.  It may seem to for those of us in the crypto-community but this is a small niche.

I speak from personal experience of trying to get friends on board with cryptocurrencies. 

Most of them, even those who are technically minded, don't care. 

Until we can find a way to make them care and take notice, cryptocurrencies like DGB (and even BTC itself to a degree) will remain the domain of people who simply use them as a means to make money via speculation.

[Jumbley]

Just a note to those self-rioteous people who think that investors are a "problem" : Get over yourself. 

You may live in some fantasy world where money doesn't matter or you may be independently wealthy.  Most people don't and aren't.  They are looking out for their own interests because they have to. 

Cryptocurrencies whether they are DGB or BTC itself will only grow by getting more people on board.  They will not grow by people holding onto their coins indefinitely and waiting for something magical to happen. 

DGB is meant to be a currency not an investment asset.  A currency only grows when people use it. 

Right now the only real place to use DGB is on exchanges and that is a big problem but if those people who are currently buying or selling DGB weren't doing what they are doing DGB would already be dead.

The way to grow DGB is to get new people on board and that will only happen with new features and more places to use it.  Right now DGB doesn't have anything sufficiently attractive versus more traditional payment methods for the average person on the street.  It may seem to for those of us in the crypto-community but this is a small niche.

I speak from personal experience of trying to get friends on board with cryptocurrencies. 

Most of them, even those who are technically minded, don't care. 

Until we can find a way to make them care and take notice, cryptocurrencies like DGB (and even BTC itself to a degree) will remain the domain of people who simply use them as a means to make money via speculation.

I would imagine that people that have bought into digiByte in the 100 sats aren’t quite ready to sell just yet.
I know what you mean about talking to some people about ‘digital crypto’, I think to many of my friends it sounds like this.
“I’ve made up my own coin, it’s called Jumbley coin. There are 30 billion of them and I own them all. All I have to do is stir them in their tanks to keep them circulated.
I sold one to myself for a dollar; I paid for it with the dollar I owed myself so they are worth $30 Billion right?
Tomorrow, I’m going to sell all of them to myself after abolishing fees so this could be the chance you’ve been looking for. It works like this; you can buy anything, anything legal that is, with Jumbley all you have to do is decide what you want to buy then simply give me the value of the article you want in Jumbley plus my commission in DGB for attempting your task which is currently a very reasonable 10% . I provide a 100% satisfied customer guarantee or you will receive 100% of your payment back if I am unable or unwilling to fulfil your order. Unfortunately commission cannot be returned unless you have taken commission protection insurance, a snip at 10% of purchase value in DGB and this must be paid before making the purchase. You agree to keep your Jumbley in a Jumbley wallet that only I have a backdoor to and you agree to abide by conditions whenever I decide to enforce any including confiscation of your funds should I feel like that is the correct action to take.
Bitcoin
Two fat girls protection is highly recommended.”
That’s an impression of what I think some of them hear.

[Jumbley]

To all the ladies out there, I say this: Buy your tights with digiBytes
To all the international business men buy your flights with digiBytes
To all you kids, your bikes and kites with digiBytes!
Tomorrow, THE WORLD…. again!

[DigiByte]

To all the ladies out there, I say this: Buy your tights with digiBytes
To all the international business men buy your flights with digiBytes
To all you kids, your bikes and kites with digiBytes!
Tomorrow, THE WORLD…. again!

+1

Wanted to drop in and give everyone an update. We have been on the road non stop working to make things happen for DigiByte. Multiple cities, time zones and meetings. It starts wearing on you but we are very excited and motivated to make things happen for all of you who are a truly awesome community!

We have received a lot of messages on several platforms but have not had time to get back to everyone. We definitely value everyone's input and we will get back to you just give us a bit of leeway and time and we will try and answer some of these questions on here as well as news releases.

Let's keep the momentum rolling and make sure to keep doing whatever you feel you can to make DigiByte better each and every day. Remember this is a decentralized currency at the end of the day.

Cheers & thanks again for all your support!

-Jared

[EPLDCC]

To all the ladies out there, I say this: Buy your tights with digiBytes
To all the international business men buy your flights with digiBytes
To all you kids, your bikes and kites with digiBytes!
Tomorrow, THE WORLD…. again!

Cheers to you Jumbley.

[usukan]

You are 110% correct..................

Just a note to those self-rioteous people who think that investors are a "problem" : Get over yourself. 

You may live in some fantasy world where money doesn't matter or you may be independently wealthy.  Most people don't and aren't.  They are looking out for their own interests because they have to. 

Cryptocurrencies whether they are DGB or BTC itself will only grow by getting more people on board.  They will not grow by people holding onto their coins indefinitely and waiting for something magical to happen. 

DGB is meant to be a currency not an investment asset.  A currency only grows when people use it. 

Right now the only real place to use DGB is on exchanges and that is a big problem but if those people who are currently buying or selling DGB weren't doing what they are doing DGB would already be dead.

The way to grow DGB is to get new people on board and that will only happen with new features and more places to use it.  Right now DGB doesn't have anything sufficiently attractive versus more traditional payment methods for the average person on the street.  It may seem to for those of us in the crypto-community but this is a small niche.

I speak from personal experience of trying to get friends on board with cryptocurrencies. 

Most of them, even those who are technically minded, don't care. 

Until we can find a way to make them care and take notice, cryptocurrencies like DGB (and even BTC itself to a degree) will remain the domain of people who simply use them as a means to make money via speculation.

[HR]

Just a note to those self-rioteous people who think that investors are a "problem" : Get over yourself.  

You may live in some fantasy world where money doesn't matter or you may be independently wealthy.  Most people don't and aren't.  They are looking out for their own interests because they have to.  

Cryptocurrencies whether they are DGB or BTC itself will only grow by getting more people on board.  They will not grow by people holding onto their coins indefinitely and waiting for something magical to happen.  

DGB is meant to be a currency not an investment asset.  A currency only grows when people use it.  

Right now the only real place to use DGB is on exchanges and that is a big problem but if those people who are currently buying or selling DGB weren't doing what they are doing DGB would already be dead.

The way to grow DGB is to get new people on board and that will only happen with new features and more places to use it.  Right now DGB doesn't have anything sufficiently attractive versus more traditional payment methods for the average person on the street.  It may seem to for those of us in the crypto-community but this is a small niche.

I speak from personal experience of trying to get friends on board with cryptocurrencies.  

Most of them, even those who are technically minded, don't care.  

Until we can find a way to make them care and take notice, cryptocurrencies like DGB (and even BTC itself to a degree) will remain the domain of people who simply use them as a means to make money via speculation.

I think reasonable expectations are critical for everything we do. If we expect too much, we are likely disappointed. It we expect too little, we are also likely to be disappointed when we are not adequately prepared. When we have reasonable expectations we are not only prepared for reality's opportunities and possible eventualities, we are often pleasantly surprised.

At this stage, I think it's unreasonable to expect that people be buying and selling products with DGB as though it were a viable medium of exchange - it just doesn't have the wide scale adoption that is necessary for that kind of activity yet, and it may be some time before it does. Is that really an issue however? Was there ever an alt-coin developer who came out suggesting their coin would be a real functioning money right from day one? Obviously not. There are definitely phases involved in an alt-coin's existence, like the creation phase and the permanent usage phase as I mentioned here (with decline and death being other phases that the non-survivors will also face). Just like it would be unreasonable to expect to be able to mine once mining has finished, it's equally unreasonable to expect DGB to function like 'money' at such an early stage as this. Likewise, it's way too early for investors to even begin thinking about selling their holdings - the creation/investment phase has only just begun!

[makishart]

All that most people seem to care about is getting DGB at a low price, and waiting for a high price to sell it and make alot of money. These people aren't 'supporters' of DGB. They are supporters of their own wealth.

If you really supported DGB, you wouldn't look at it as a speculative commodity. You would know that the price of DGB isn't important as it's adoption as a currency. You would look at it as the future of monetary transactions, and you would hope for the day that you could spend your digibytes as easily as you can spend your dollars/euros.

Life is short!
DGB is for more!

[HR]

Reading recent posts regarding DGB's current value and what we speculate might be its real value, I got to thinking that, sometime in the future, maybe a year, maybe 5, certainly within 10, sooner or later, DigiByte will stop being an investment and become a medium of exchange. That means that the creation phase will end and the permanent usage phase will begin. Obviously, achieving this means an appropriately valued price as well. Continuing with the same logic, it's the original investors, which made the product possible, who take the lion’s share of the capital gain profits as price reaches for its long term potential.

The viable, and implemented, profitable product that is actively and widely used for the purpose it was designed for, rewards those who made it possible. And rightly so. What’s more, production costs are paid for first, before ever even considering profits. Have you ever done the calculations on what the production cost would be for a complete cryptographic digital currency blockchain that conforms to the strictest of guidelines and parameters that make it of the best quality possible in every aspect from security to trust? That's not cheap! It’s not necessary to actually do the math to intuitively understand that, since the “producers” are, in this case, the “miners”, all those kilowatthours will be paid for - and imagine what the total of electric bills must look like. Those are production costs that will be paid for! Then fixed costs will be recovered as well, and if you add all those numbers up, you’ll probably come up with a figure that reasonably represents an absolute base value below which DGB should never go (and which is still many times above where price is now).

Then we come to the early investors (some of which are also miners . . . maybe even started out as miners . . . maybe even only ever did mining) who take home the lion’s share. As they should. Their risk is handsomely rewarded. Again, rightly so.

....

The problem with current atl-coin pricing is that it is based on very simplistic analysis which is applied across the board without almost any consideration of any other criteria: a simple Your_Favorite_Coin-BTC ratio, nothing else, and for everything, every alt-coin, across the board. Coins like DGB won’t be appropriately valued until the valuation analysis becomes a bit more sophisticated.

So, just for fun, I thought I'd pull out the calculator and drum up a low end "ballpark" figure, and, using the most conservative long term averaged estimate I think possible (which is to say that the real cost will most probably be much higher), in order to mine (create/bring into existance/produce) all the projected 21 billion DGB, the total electricity cost in USD terms will be roughly 10 million dollars. That, translated into satoshi, would be approximately 206 SAT - the lowest of the low ball figures. And that's only the electricity cost!

[fresh83]

We will hit 200 sat soon(weeks,months), This will double with speculation . It's up to the miners and dedicated investors not to sell for less than what they'd think the price would be one year from now. Even if they are day traders wanting to make small gains

[HR]

We will hit 200 sat soon(weeks,months), This will double with speculation . It's up to the miners and dedicated investors not to sell for less than what they'd think the price would be one year from now. Even if they are day traders wanting to make small gains

And we’ve also got to tack on fixed hardware investment costs to that rough 200 SAT figure. I estimate that a low ball figure for that would be another 25% or so – roughly another 50 SAT. Then, people want to get paid for their time, and, obviously, there is time that goes into mining, like initial setup and maintenance. Add another 50 SAT. Early stage venture capital investments usually look for at least a 7.5x return on their investment, so that would take our base price up to 2,250 SAT. What happens then is that the early stage venture capitalists sell to late stage venture capitalists who look for something around 3 times investment – 6,750 SAT. Once we have a mature and proven product that qualifies as investment grade, “normal” investors begin to participate, and they expect to see at least a 10% annual return for investing in still relatively young and risky products, and that would take us to 17,500 SAT, which would still be substantially below DigiBytes’ intended target of 1000:1 with BTC. With today’s BTC pricing by the way, that would almost be a nickel, while the 1000:1 target would be a quarter, or 0.25 USD, the perfect micro-payment value that DGB should have by the time it becomes a widely accepted monetary unit used for micro-payments (and I forgot to mention fiat inflation - one of the main reasons for investing in crytographic digital currencies - which, over a 10 year period of time could cause the value of both BTC and DGB to skyrocket, leaving all my conservative estimates behind in the dust).

What happens in real life though is that, just like there is a lag time in the early stages in price reflecting what early investors with foresight envision, there is an eventual inflexion point where psychology inverts and investors 'suddenly' move beyond simplistic analysis and wake up to the long term price potential, and that's when future potential is suddenly "discounted" positively and price, instead of lagging, begins to surge well in advance of projected expectations. The long and the short of this is that, while it may take many years for DGB to actually become the operative micro-payment vehicle is intends to be, it may be priced as such years in advance of actually achieving that goal.

[RJF]

The problem with current atl-coin pricing is that it is based on very simplistic analysis which is applied across the board without almost any consideration of any other criteria: a simple Your_Favorite_Coin-BTC ratio, nothing else, and for everything, every alt-coin, across the board. Coins like DGB won’t be appropriately valued until the valuation analysis becomes a bit more sophisticated.

+1 Agreed, the valuation system is currently flawed. Only a few control the prices of all cryptos and that is the real problem.

[RJF]

To all the ladies out there, I say this: Buy your tights with digiBytes
To all the international business men buy your flights with digiBytes
To all you kids, your bikes and kites with digiBytes!
Tomorrow, THE WORLD…. again!

+1

Wanted to drop in and give everyone an update. We have been on the road non stop working to make things happen for DigiByte. Multiple cities, time zones and meetings. It starts wearing on you but we are very excited and motivated to make things happen for all of you who are a truly awesome community!

We have received a lot of messages on several platforms but have not had time to get back to everyone. We definitely value everyone's input and we will get back to you just give us a bit of leeway and time and we will try and answer some of these questions on here as well as news releases.

Let's keep the momentum rolling and make sure to keep doing whatever you feel you can to make DigiByte better each and every day. Remember this is a decentralized currency at the end of the day.

Cheers & thanks again for all your support!

-Jared

Just keep doing what you're doing, we can wait...