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

[doremi]

I think the QT wallet needs an automatic miner built into it... when you open the wallet it starts mining automatically. Use easy miner so some of this effort goes back to the dev pool to fund future work. This works hand in hand with the advertising... for every user that downloads and runs the wallet you have a less centralised mining monopoly. Put a slider in the wallet miner so users can change the amount of cpu/gpu dedicated to an algo. Default it at 20% so it doesn't smash their pc. Put a warning in the wallet to notify people this is happening... maybe a start stop miner button on the main area so its user friendly... don't call it a miner though.... call it Finding coins or something.... user friendly again.

this is what the POS's QT wallet doing...the automatic miner you describing here is pretty close to so call "minting",i felt there is a conflit when you said POS don`t work while you have a suggestion above that so close to POS.

Imagine that if DGB only have 1% annualy interest with POS..do you think how many new coins that will increase after a year? the answer is less than 1% ..and if community or dev team feel 1% still a high inflation..how about 0.1%...0.001% ?

And yes..the holders of a POS coin might sell his coin that get from minting...lets say every holders of the POS sell out his interest after a full year minting ,how many new coins will add to the circulation?--------> 1%! so..if DGB is such a good and advance coin that have a bright future..do you really affraid of there are  no new investers/supporters get on board  to consume these 1%?

[Verias]

I know very little about all the mining , and i only started investing since january.
I bought my dgb @ 30-70 sat, and lost almost half of my investment with current standings...
( it's my own fault for not reasearching on the mining rewards )
I just started investing , everyone has to start somewhere i guess.
 

I regret it a little  would even think of not buying more resulting in no buy support.
There is no gain in buying with this much coins being made each day.

I understand that so many coins is needed for future micropayments.
And as a long term investment i wil hold all my coins.

But i understand that this is not an attractive coin to buy right now even if it can go very high in the future...

-As long as there is no big reason to buy it
( example for easy using it directly with payments. [not trough bitcoin exchanges and all the trading for then to buy a gift card  ) that may be fun and usefull for early holders and people that plan things with it and it is a nice start. but no real reason to start buying DGB.

-making more money from buying and selling dgb short term,
Not alot people would buy dgb now if they knew it stays below 50 in the next year.. ( just an example , i have no idea where dgb will be next year)


Not sure if this is all explained good but these are my thoughts of it.


I like DGB and see a good future in it,
Wil also hold all my coins.

Let there be no mistake about that.

[halinyo]

@Jared

To me, at most 3 million DGB production a day is more than enough.

[o0o0]

I think the QT wallet needs an automatic miner built into it... when you open the wallet it starts mining automatically. Use easy miner so some of this effort goes back to the dev pool to fund future work. This works hand in hand with the advertising... for every user that downloads and runs the wallet you have a less centralised mining monopoly. Put a slider in the wallet miner so users can change the amount of cpu/gpu dedicated to an algo. Default it at 20% so it doesn't smash their pc. Put a warning in the wallet to notify people this is happening... maybe a start stop miner button on the main area so its user friendly... don't call it a miner though.... call it Finding coins or something.... user friendly again.

this is what the POS's QT wallet doing...the automatic miner you describing here is pretty close to so call "minting",i felt there is a conflit when you said POS don`t work while you have a suggestion above that so close to POS.

Imagine that if DGB only have 1% annualy interest with POS..do you think how many new coins that will increase after a year? the answer is less than 1% ..and if community or dev team feel 1% still a high inflation..how about 0.1%...0.001% ?

And yes..the holders of a POS coin might sell his coin that get from minting...lets say every holders of the POS sell out his interest after a full year minting ,how many new coins will add to the circulation?--------> 1%! so..if DGB is such a good and advance coin that have a bright future..do you really affraid of there are  no new investers/supporters get on board  to consume these 1%?

There isn't a conflict because adding the easy miner doesn't make this proof of stake. Proof of stake is holding a balance and getting a percent reward.... this is keeping POW but just putting the mining in the hands of all users without the technical hurdle of having to download a miner program and configure. Essentially we are just making everyone mine by default that uses the wallet.... its not minting so I wouldn't call it that its still mining.

[HR]

-- and most particularly this one: HOW THE HECK IS DIGIBYTE'S PRICE STILL SO UNDERVALUED?

OVERSUPPLY...thats all.

I´m almost sure its somebody pressing the price down hardcore,The sell orderbook is stacking right after a market buy.
Couple of weeks ago i market bought for 5+ BTC and 1 hour later everything went back down, That is not natural,Thats not oversupply

Some of the recent downward pressure seems to correlate to the recent release of Cryptsy's hosted mining service Mintsy?  I'm not saying that is the cause ... just pointing out a possible correlation.

Very good catch. That probably has more to do with the recent decline than anything else . . . other than buyers are also stepping back at the same time.  


@DigiByte

My initial knee jerk vote would be to keep a steady course for now, to keep working on what's being worked on,

and

to get that investor's pack created and posted online
so that people can start sending it out to potential investors!

[TamiLee]

I say leave it. this happens every time the price drops, drives me insane, I usually avoid the forums during these times.
Currently you are rewarding early adopters and making a solid entry into the Digibyte market easily affordable.
We have changed the reward once, is it really going to achieve anything long term by cutting it again??

Looking forward to the news

For miners it's a paradise but in 5 years it will be investors paradise as much less coins produced. I mine with almost free electricity so I just keep all coins I make, so please keep rewards the same for early adopters who take the risk.

[tmmapp]

@Jared

To me, at most 3 million DGB production a day is more than enough.

WOW 3M! me 1,000 DGB.

[rayaodi]

no buyers ...
will back to 20 statoshi?

[doremi]

no buyers ...
will back to 20 statoshi?

might be worse....both buy orders in cryptsy and bittrex will be easily filled up by the instasell miners,i have sold out all my DGB at 34 sat which i bought at 42 sat to cut off the further loss..

good luck guys!see you next time...may be..whose know?lol

[HR]

I say leave it. this happens every time the price drops, drives me insane, I usually avoid the forums during these times.
Currently you are rewarding early adopters and making a solid entry into the Digibyte market easily affordable.
We have changed the reward once, is it really going to achieve anything long term by cutting it again??

Looking forward to the news

For miners it's a paradise but in 5 years it will be investors paradise as much less coins produced. I mine with almost free electricity so I just keep all coins I make, so please keep rewards the same for early adopters who take the risk.

In 5 years' time it will be investors profit takers' paradise.

It is investors paradise TODAY!!!

We need to get the word out by creating an investor's pack and posting it online
so that people can send it out to potential investors TODAY!

I'm tired of the naysayers. This is an absolute must if you really want to create buy support. Miners only mine, or, said slightly differently, they PRODUCE. Once a product is produced, it needs to be sold. We have a fantastic product that is continually being improved upon and that needs to be sold. I've always said that tipping campaigns only go so far. I was a big proponent long ago, last year, of targeting gamers, and that's being done. That is a huge niche we are going after. Unfortunately, it's oriented towards mining and not purchasing, and that means that we are a little behind the curve as this would have been great 9 months ago, but now it's only going to add more short term sell pressure. Don't get me wrong, I do think it's still a good idea - the more widely distributed the miner base, the more secure the network, and we do need that of course - but, as with all endeavors, it's limited.

I was also an early proponent of the algo change as everyone here who's been around for a while can attest. I've usually been on the right side of "DigiByte History" and I can't be more direct than I'm being right now when I say that we need to focus our efforts on, and give our highest priority to, marketing DGB to investors of all types with a special emphasis given to high profile speculative investors, and that starts with an investor's information pack focusing on product > future plans and prospects > appreciation potential of DGB > long term INVESTMENT RETURN, and it needs to be PLACED IN CONTEXT as well (for ideas on that, please see this post: https://bitcointalk.org/index.php?topic=1100598.msg11734428#msg11734428 - also quoted below for your convenience).

Yeah, it’s not direct investment in cryptos per se, but it is an investment in the underlying technology nonetheless, and the fact that they’re interested in the technology itself can only be a good sign since the vast majority will not be so keen on reinventing the wheel and most likely will directly invest in the best of existing cryptocurrencies.

It’s not a question of if, rather it is a question of when (and I believe it has already begun, albeit in trickle mode still).

In my opinion, there is huge investment potential in cryptocurrencies. To get an idea of what I’m talking about, take the over 10 trillion USD aggregate M2 money supply for the U.S. alone and use that as your comparative calculative base, and then, being conservative, give the top 50 cryptocurrencies an aggregate value of just half that: 5 trillion USD.

If we assign equal parts of that 5 trillion USD of equivalent value to each of the top 50 cryptocurrencies, each would have the equivalent market cap of 100 billion USD. That means that each BTC would be worth $4,761.91, each LTC $1,190.48, each WDC $376.77, each DGB $4.77, and each DOGE would be worth around 1 buck (with the removal of its original cap of 100,000,000,000, similar to the fiats, it should initially lose around 5% of that value yearly in the coming years due to its now inherent inflationary component).

Does this sound far fetched? Why should it? Why shouldn’t cryptocurrencies have a similar value to their fiat cousins? After all, wasn’t that the original intent behind cryptos to begin with?

What’s more, the combined USD equivalent money supply of the developed world easily exceeds 50 trillion USD, 5 times the U.S. and 10 times this imaginary cryptocurrency aggregate figure. Is it really that far fetched to imagine that the best cryptocurrencies could one day have an aggregate value equal to a very modest 1/10 that of the developed world's aggregate fiat money supply?

Considering that the appreciation potential is greater than 1000%, is there any wonder that big money is looking vivaciously at cryptos?

We've got to roll up our sleeves and do the necessary "work" to get the word out in a polished and professional manner.

Yes, it's absolutely got to look corporate and be up to the same standards as the promo video, no doubt about it!

[MemberCount+1]

comparison with the USD?

DGB is not alone in the crypto-world!
to excessive goals for this little coin. how many unique people are in the dgb-network? 100 or 1000 thats to low for this massiv supply. the network has only 14 nodes? my wallet connected after 4 days only to 30 Peers, this is to low! in other networks I have 80 Peers and more. reduce the supply in this situation, DGB needs time and not coins. a low supply produce these required time. in 2-3 years we can increase again.

my opinion.

[TamiLee]

What I mean is lower price and 1% less coins every month is better for miners like me that hold for long term (less miners mean more coins for you). I want to have mined 500 million coins in 3 years and I promise I won't sell any until price is right, so that is 500 million coins that will never see the exchange until the coin at 200 value. So be a miner now and then you become the investor through mining.

[HR]

how many unique people are in the dgb-network? 100 or 1000 thats to low for this massiv supply. the network has only 14 nodes? my wallet connected after 4 days only to 30 Peers, this is to low! in other networks I have 80 Peers and more.

That's where the target marketing of gamers comes in. I think this part of things is more than covered at the moment and that we're going in the right direction here.

The question at hand is: how do we get more people buying?

And since the one and only real selling point right now is investment, the people we need to target on that point are investors.

[doremi]

POW is losing its credit day by day...including Bitcoin!

[hammo]

The question at hand is: how do we get more people buying?

I think the real question is, how do we create more reasons for people to buy.

[TamiLee]

POW is losing its credit day by day...including Bitcoin!

PoS is not good, no PoS coin doing well. Look at coins that switch to PoS there value is nothing except Peercoin as it was first, if digibyte switch to PoS value will plummet because then there is no point for people to buy coins as you earning for free.

[MemberCount+1]

I want to have mined 500 million coins in 3 years and I promise I won't sell any until price is right, so that is 500 million coins that will never see the exchange until the coin at 200 value.

next unrealistic goals, it's no wonder, that we have such situation atm with such goals.

The question at hand is: how do we get more people buying?

with services and products where the people pay for these, if these are not available , the supply must be reduced. productcreation and services needs a lot of time. or you create a sense to keep the coins.

a other way, increase massiv the fees as a shrink, but only 85k transaction, this would be not a big shrink-option.

[doremi]

POW is losing its credit day by day...including Bitcoin!

PoS is not good, no PoS coin doing well. Look at coins that switch to PoS there value is nothing except Peercoin as it was first, if digibyte switch to PoS value will plummet because then there is no point for people to buy coins as you earning for free.

you don`t get any idea of what you're talking about..do you?

btw..how do you earning for free if you don`t have a stakes of POS coin?

[TamiLee]

I want to have mined 500 million coins in 3 years and I promise I won't sell any until price is right, so that is 500 million coins that will never see the exchange until the coin at 200 value.

next unrealistic goals, it's no wonder, that we have such situation atm with such goals.

Not if you have been mining from start.

[TamiLee]

POW is losing its credit day by day...including Bitcoin!

PoS is not good, no PoS coin doing well. Look at coins that switch to PoS there value is nothing except Peercoin as it was first, if digibyte switch to PoS value will plummet because then there is no point for people to buy coins as you earning for free.

you don`t get any idea of what you're talking about..do you?

btw..how do you earning for free if you don`t have a stakes of POS coin?

You only need to be one time buyer for PoS coin, after that you stake and sell.