DigiByte (OP)
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Official DigiByte Account
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July 06, 2015, 12:46:05 AM |
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Working on getting this sorted.
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fredeq
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Activity: 1537
Merit: 1005
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July 06, 2015, 06:56:27 AM |
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Working on getting this sorted. All good, thanks
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MemberCount+1
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July 06, 2015, 08:04:09 AM |
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is http://digistats.info a fake or demo or why the most values are fixed/static? 85874 Transaction in over one year? And now they working on digispeed to increase up to 140000 transaction per second? For what?
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TamiLee
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July 06, 2015, 08:33:34 AM |
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is http://digistats.info a fake or demo or why the most values are fixed/static? 85874 Transaction in over one year? And now they working on digispeed to increase up to 140000 transaction per second? For what? It will have good marketing value and create a needed pump in the market to bring more attention to the coin.
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MemberCount+1
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July 06, 2015, 09:04:57 AM |
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is http://digistats.info a fake or demo or why the most values are fixed/static? 85874 Transaction in over one year? And now they working on digispeed to increase up to 140000 transaction per second? For what? It will have good marketing value and create a needed pump in the market to bring more attention to the coin. And for what, there are applications for it? Only a number is not a marketing coup.
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esotericizm
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July 06, 2015, 10:10:55 AM |
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is http://digistats.info a fake or demo or why the most values are fixed/static? 85874 Transaction in over one year? And now they working on digispeed to increase up to 140000 transaction per second? For what? It will have good marketing value and create a needed pump in the market to bring more attention to the coin. And for what, there are applications for it? Only a number is not a marketing coup. Nothing to do with the market as anyone who has spoken to me knows I care very little for the market. It was simply a project I thought would be a good learning experience for me and useful to the community. At the end of the day Digistats will have a fairly powerful rest API that will hopefully attract more 3rd party development towards DigiByte. I've already made a steady stream of changes to the backend that I will push when they are ready and that should make the experience more enjoyable. Cheers.
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Altcoinfanatic
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Activity: 109
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July 06, 2015, 12:05:46 PM |
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Introducing ★★DigiSpeed★★ Hard Fork What is DigiSpeed Hard Fork v. 4.0? DigiSpeed will allow DigiByte to match Visa in transaction carrying capacity! 1) DigiByte block timing will increase from 30 seconds to 15 seconds. 2) DigiByte block size will increase from 1 MB to 10 MB initially, with built in future increases. 3) Custom block propagation code based upon Microsoft research will dramatically increase network efficiency. 4) DigiByte transaction capacity will increase from 140 TPS to 5800 TPS ( Visa averages 1736 TPS). 5) DigiByte reward will stay on track for 21 Billion DGB in 21 Years. 6) MultiShield will be improved even more to allow for even greater security (90% of 1 of DGB's 5 mining algos, plus 51% of others will be required for an attack) making MultiShield even more secure. These changes will make DigiByte the most secure, fastest and largest transaction carrying-capacity, decentralized, POW cryptocurrency in existence. We have already been busy the past two months behind the scenes, researching, studying and analyzing if it would be possible to expand the DigiByte network to be able to handle the average daily volume Visa handles and make these changes. We are now confident it can be done. Please give us feedback & let us know how you can help us test these changes and prepare for the hard fork! We would love to work with others devs, including the Bitcoin core devs! DigiByte Core v3.0.3 Wallets & Source DigiByte Mobile Wallets DigiByte Info Kit Share This PDF With Everyone You Know Who Can Benefit From DigiByte Connect With DigiByte Keep Up With The Latest DigiByte News & Updates DigiByte Exchanges Where To Buy & Sell DigiBytes 1) DigiByte block timing will increase from 30 seconds to 15 seconds. Don't you mean decrease? When do you expect it to be ready Jared?
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doremi
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July 06, 2015, 12:31:22 PM |
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Introducing ★★DigiSpeed★★ Hard Fork What is DigiSpeed Hard Fork v. 4.0? DigiSpeed will allow DigiByte to match Visa in transaction carrying capacity! 1) DigiByte block timing will increase from 30 seconds to 15 seconds. 2) DigiByte block size will increase from 1 MB to 10 MB initially, with built in future increases. 3) Custom block propagation code based upon Microsoft research will dramatically increase network efficiency. 4) DigiByte transaction capacity will increase from 140 TPS to 5800 TPS ( Visa averages 1736 TPS). 5) DigiByte reward will stay on track for 21 Billion DGB in 21 Years. 6) MultiShield will be improved even more to allow for even greater security (90% of 1 of DGB's 5 mining algos, plus 51% of others will be required for an attack) making MultiShield even more secure. These changes will make DigiByte the most secure, fastest and largest transaction carrying-capacity, decentralized, POW cryptocurrency in existence. We have already been busy the past two months behind the scenes, researching, studying and analyzing if it would be possible to expand the DigiByte network to be able to handle the average daily volume Visa handles and make these changes. We are now confident it can be done. Please give us feedback & let us know how you can help us test these changes and prepare for the hard fork! We would love to work with others devs, including the Bitcoin core devs! DigiByte Core v3.0.3 Wallets & Source DigiByte Mobile Wallets DigiByte Info Kit Share This PDF With Everyone You Know Who Can Benefit From DigiByte Connect With DigiByte Keep Up With The Latest DigiByte News & Updates DigiByte Exchanges Where To Buy & Sell DigiBytes 1) DigiByte block timing will increase from 30 seconds to 15 seconds. Don't you mean decrease? When do you expect it to be ready Jared? is that also mean mining rate will double up?
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Altcoinfanatic
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Activity: 109
Merit: 10
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July 06, 2015, 12:44:08 PM |
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Introducing ★★DigiSpeed★★ Hard Fork What is DigiSpeed Hard Fork v. 4.0? DigiSpeed will allow DigiByte to match Visa in transaction carrying capacity! 1) DigiByte block timing will increase from 30 seconds to 15 seconds. 2) DigiByte block size will increase from 1 MB to 10 MB initially, with built in future increases. 3) Custom block propagation code based upon Microsoft research will dramatically increase network efficiency. 4) DigiByte transaction capacity will increase from 140 TPS to 5800 TPS ( Visa averages 1736 TPS). 5) DigiByte reward will stay on track for 21 Billion DGB in 21 Years. 6) MultiShield will be improved even more to allow for even greater security (90% of 1 of DGB's 5 mining algos, plus 51% of others will be required for an attack) making MultiShield even more secure. These changes will make DigiByte the most secure, fastest and largest transaction carrying-capacity, decentralized, POW cryptocurrency in existence. We have already been busy the past two months behind the scenes, researching, studying and analyzing if it would be possible to expand the DigiByte network to be able to handle the average daily volume Visa handles and make these changes. We are now confident it can be done. Please give us feedback & let us know how you can help us test these changes and prepare for the hard fork! We would love to work with others devs, including the Bitcoin core devs! DigiByte Core v3.0.3 Wallets & Source DigiByte Mobile Wallets DigiByte Info Kit Share This PDF With Everyone You Know Who Can Benefit From DigiByte Connect With DigiByte Keep Up With The Latest DigiByte News & Updates DigiByte Exchanges Where To Buy & Sell DigiBytes 1) DigiByte block timing will increase from 30 seconds to 15 seconds. Don't you mean decrease? When do you expect it to be ready Jared? is that also mean mining rate will double up? You mean block reward? Good question. Jared?
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Altcoinfanatic
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July 06, 2015, 01:26:18 PM |
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http://dgbmap.com/ beta. Still a few things need working on and once I'm happy with the API I will expose it to the public. Cheers. This seems to be down? Can this be fixed?
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Altcoinfanatic
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July 06, 2015, 01:32:56 PM |
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Active Bitcoin Nodes: 5978 Reachable nodes as of Tue Apr 28 2015 https://getaddr.bitnodes.io/Active DigiByte Nodes: 3290 ( still counting) Reachable nodes as of Tue Apr 28 2015 http://dgbmap.com/Does anyone know of any other coin that has up to date real time node availability data? Is this a lie or or do we really have 3290 nodes? I was telling this to my friends on slack of supernet and they said it is a big lie and Digibyte has only 20!!! active nodes! Jared, do we have 3000+ nodes? I trust you to be transparant.
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Altcoinfanatic
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Activity: 109
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July 06, 2015, 01:47:15 PM |
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maybe the dev can buy the coins .
The guys who made the $250k investment can easily pump price to 500 sat without it even causing a dent to them. Why you think a lot of asian miners mining this coin. Is there any transparancy about the $250k investment? Is it possible to reveal the private investment to 5 honest and trusted DGB people (i would nominate halinyo, HR, tamilee, o0o0 and Verias) with a non-disclosure agreement? I do trust Jared but somewhere i am also afraid that this investment is a fairytale. If it is not real, it does not matter but do not use it as a marketing point. Just be transparant. Please Jared? I would believe the 5 people i just mentioned.
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Altcoinfanatic
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July 06, 2015, 02:19:48 PM |
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Since our difficulty adjustment is different than Myriad we have some more protection for this.
I don't see how that follows. It's really the exact same thing but with max adjustments increased 10x. Historically this has led to insane difficulty swings (even at constant hashrates) which can be difficult to distinguish from actual tomfoolery without going in and comparing timestamps. One slight advantage is that -log(max_diff_down)/log(min_diff_up) is 1.94 for Myriad but only 1.5 for DigiByte, meaning the attacker would need a slightly greater share of the hashpower to attack DigiByte. Since DGB has a higher hash rate anyway, a successful attack seems less likely. BTW I've updated my pull request on github. We just saw your pull request! Thank you for contributing it! Long story short, we are vulnerable as well to the same attack if our net hash rate falls too low. But we do, however, have some additional protections built in the Myriad does not. We are going to issue a hard fork in the next few days. We are going to implement some changes to significantly mitigate this problem. In the mean time our chain is moving along fine, but we can use all the hash we can get. It is very likely who ever was behind the Myriad attack will attempt the same with DigiByte. And it does in fact appear that they have already tried / been trying. Is that your polite way of saying "Thanks, but we're just gonna merge Myriad's change"? Please do comment on these "additional protections". As far as I can tell, the difficulty adjustment algorithm was copied verbatim from myriad, and then nMaxAdjustDown and nMaxAdjustUp were increased by a factor of 10. "Moving along fine" is debatable when every single algorithm's difficulty regularly cycles by a factor of 10. It just gives the illusion of moving along fine because at any given time there's usually at least 1 algorithm going through its low phase. Jared, some questions if you do not mind: 1 Could you please comment on these additional protections (explicit comments and no talking around it)? If they are true, we should do marketing with it. If they are not be transparant and just say there are none. 2 Can you tell me if we were a scrypt coin (litecoin clone) and then you asked 8bitcoder (dev of myriadcoin) to change digibyte to myriadcoin clone (multi-pow) for you? Or did you do it yourself? There are rumours that you "helped" but the actual work has been done by 8bitcoder. 3 Currently, an attacker can 51% attack the network with roughly 60% of SHA256D and nothing else. After this change, an attacker with 90% of the SHA256D hashrate and 33% of each of the other 4 algorithms would have insufficient hashpower to mount a 51% attack. Is this true? Source: https://github.com/digibyte/digibyte/pull/36
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halinyo
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Activity: 1106
Merit: 1000
The future is bright with DigiByte.
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July 06, 2015, 06:10:49 PM |
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maybe the dev can buy the coins .
The guys who made the $250k investment can easily pump price to 500 sat without it even causing a dent to them. Why you think a lot of asian miners mining this coin. Is there any transparancy about the $250k investment? Is it possible to reveal the private investment to 5 honest and trusted DGB people (i would nominate halinyo, HR, tamilee, o0o0 and Verias) with a non-disclosure agreement? I do trust Jared but somewhere i am also afraid that this investment is a fairytale. If it is not real, it does not matter but do not use it as a marketing point. Just be transparant. Please Jared? I would believe the 5 people i just mentioned. I would be up for it, however you can trust Jared. Thank you for your trust on me. I am not sure about the 3k+ nodes. However, that could be possible using some trick. Cheers.
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Dennahz
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July 06, 2015, 06:25:03 PM |
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Seriously? People are questioning Jared? Man, I don't even know if there are more honest people in crypto than him. And what 's the point of buying up a coin with the investment? I don't think that's the purpose of an investment....
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TamiLee
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July 06, 2015, 06:26:22 PM |
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maybe the dev can buy the coins .
The guys who made the $250k investment can easily pump price to 500 sat without it even causing a dent to them. Why you think a lot of asian miners mining this coin. Is there any transparancy about the $250k investment? Is it possible to reveal the private investment to 5 honest and trusted DGB people (i would nominate halinyo, HR, tamilee, o0o0 and Verias) with a non-disclosure agreement? I do trust Jared but somewhere i am also afraid that this investment is a fairytale. If it is not real, it does not matter but do not use it as a marketing point. Just be transparant. Please Jared? I would believe the 5 people i just mentioned. I would be up for it, however you can trust Jared. Thank you for your trust on me. I am not sure about the 3k+ nodes. However, that could be possible using some trick. Cheers. I thought the investor was listed on front page. I see it's not. I need to read more carefully. Who is the investor?
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EPLDCC
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July 06, 2015, 06:49:03 PM |
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1) DigiByte block timing will increase from 30 seconds to 15 seconds.
Don't you mean decrease? When do you expect it to be ready Jared?
Hi Altcoinfanatic, You've asked a lot of questions recently. I'm sure that Jared will address them the next time he has a chance to respond to posts. Welcome to our discussion. I'm going to do my best to answer a couple of your questions: The Digispeed hard fork was announced earlier this year. They are working on it. It is complex and Jared has stated several times that they are taking their time to get everything right. There is not yet an official date for when it will be released ... I'm anticipating late this year early next year. About the language in item 1 of the Digispeed announcement. "DigiByte block timing will increase from 30 seconds to 15 seconds." Because there will be more blocks per minute I think it's fine to describe it as an increase. If you look at item #5, it clearly states that the DGB rewards will stay on track. In other words, the overall mining rewards will not change. I assume if there are more blocks - at a greater frequency - the mining rewards per block will be reduced proportionally. For instance, if there are twice as many blocks per minute, each block has half as much reward, but the overall rewards stay the same. I'm not really sure how to answer the question about the mining rate doubling up? DGB is a great coin to mine. I suppose ofter the DigiSpeed fork, maybe the mining rate will increase. However, technically speaking, the numbers of miners is not related to the block timing. A little history about the node map and digistats: In early spring 2015, esotericizm began working on the node map. It was a project that he was working on in his free time. Then, in late May people began work on the DigiStats site. Esotericizm also was part of the team working on DigiStats. Therefore, they decided to include the node map in Digistats instead of having 2 different sites. Digistats launched (officialy) about 2 weeks ago. HOWEVER, at the time of the launch, they made an announcement that the node map and certain aspects of the block explorer were not fully implemented, and would be finalized soon. As a result, the node map on DigiStats indicates that there are 14 active nodes. But, it's not accurate. It's not fully implemented. There are way more than 14 active nodes. It's hard to say exactly how many nodes there are right now ... but the number was right around 3000, or slightly higher. I have nothing but respect for the guys working on DigiStats. It's a huge project and requires enormous development labor and upkeep. But, just to be clear, the current node map on DigiStats is not accurate. So, your friends who are telling you that there are only 14-20 active nodes are using bad information. If I could give you an exact number, I would ... but, I think it's safe to assume we are still around 3000 nodes (give or take), and I'm sure that DigiStats will be a great long term benefit to DGB. You also asked for transparency about the $250,000 investment. And, you asked if Jared would disclose the details of the investment to trusted members of the community. I guess I don't quite understand what you mean? Like, are you asking if he'll send them a copy of the check so they can tell you it was real? I don't believe that it is Jared's responsibility to disclose his private business details with anyone. Buying a few DGB or mining DGB does not give any of us the right to demand or expect that Jared share his private business plans with us. Jared is one of them most engaged, dedicated, and professional devs of any altcoin. I think he already pretty much sets the bar in that arena. Jared disclosed the basic information of the investment to the whole community in late 2014. He, and the DGB development team formed a strategic partnership with Tofu Gear in Hong Kong. One of the first things they did is release an iOS wallet in the Apple store. They have been working on the DGB Gaming (the DGB Gaming Wallet is currently available). And, as I understand it, those are just the beginning. They are working and developing. There are some really exciting opportunities and projects for the future of DGB.
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EPLDCC
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July 06, 2015, 06:56:21 PM |
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Seriously? People are questioning Jared? Man, I don't even know if there are more honest people in crypto than him. And what 's the point of buying up a coin with the investment? I don't think that's the purpose of an investment....
I agree 100% as I stated in my previous post. No questions about the integrity or honesty for any of the DGB development team.
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EPLDCC
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July 06, 2015, 07:32:27 PM |
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You also asked for transparency about the $250,000 investment. And, you asked if Jared would disclose the details of the investment to trusted members of the community. I guess I don't quite understand what you mean? Like, are you asking if he'll send them a copy of the check so they can tell you it was real? I don't believe that it is Jared's responsibility to disclose his private business details with anyone. Buying a few DGB or mining DGB does not give any of us the right to demand or expect that Jared share his private business plans with us. Jared is one of them most engaged, dedicated, and professional devs of any altcoin. I think he already pretty much sets the bar in that arena.
Jared disclosed the basic information of the investment to the whole community in late 2014. He, and the DGB development team formed a strategic partnership with Tofu Gear in Hong Kong. One of the first things they did is release an iOS wallet in the Apple store. They have been working on the DGB Gaming (the DGB Gaming Wallet is currently available). And, as I understand it, those are just the beginning. They are working and developing. There are some really exciting opportunities and projects for the future of DGB.
I will contact Tofu Gear by the end of this week and confirm the arrangement to settle everyone nerves, if I was Jared I would not have disclosed this information if it wasn't meant to get out it just creates unnecessary hype. ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment ReceivedI would change the heading of this ANN. Why would they change the heading? The partnership is with Tofu Gear? They didn't make the investment. I'm not sure that you appropriately used the word "everyone" in your post. There's one person demanding something that doesn't need additional proof. I've been a member of this community for a long time. I believe strongly enough in DGB that I spent my time and money to found the DigiByte Group. I believe it's a great community because we respect each other and we work together to support DGB. But, part of that respect extends to the development team. A s a community, the development team does NOT work for us. We, as a community, work WITH the development team.
You all have no right to be accusing Jared of lying about an investment and demanding the kinds of information you are asking for. There is no evidence to suggest that he has ever misled the community in any way. In fact, all the evidence demonstrates that he is honest, professional, dedicated, and one of the best devs out there.
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benjamoyne
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July 06, 2015, 07:59:45 PM |
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You also asked for transparency about the $250,000 investment. And, you asked if Jared would disclose the details of the investment to trusted members of the community. I guess I don't quite understand what you mean? Like, are you asking if he'll send them a copy of the check so they can tell you it was real? I don't believe that it is Jared's responsibility to disclose his private business details with anyone. Buying a few DGB or mining DGB does not give any of us the right to demand or expect that Jared share his private business plans with us. Jared is one of them most engaged, dedicated, and professional devs of any altcoin. I think he already pretty much sets the bar in that arena.
Jared disclosed the basic information of the investment to the whole community in late 2014. He, and the DGB development team formed a strategic partnership with Tofu Gear in Hong Kong. One of the first things they did is release an iOS wallet in the Apple store. They have been working on the DGB Gaming (the DGB Gaming Wallet is currently available). And, as I understand it, those are just the beginning. They are working and developing. There are some really exciting opportunities and projects for the future of DGB.
I will contact Tofu Gear by the end of this week and confirm the arrangement to settle everyone nerves, if I was Jared I would not have disclosed this information if it wasn't meant to get out it just creates unnecessary hype. ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ $250,000 Private Investment ReceivedI would change the heading of this ANN. Why would they change the heading? The partnership is with Tofu Gear? They didn't make the investment. I'm not sure that you appropriately used the word "everyone" in your post. There's one person demanding something that doesn't need additional proof. I've been a member of this community for a long time. I believe strongly enough in DGB that I spent my time and money to found the DigiByte Group. I believe it's a great community because we respect each other and we work together to support DGB. But, part of that respect extends to the development team. A s a community, the development team does NOT work for us. We, as a community, work WITH the development team.
You all have no right to be accusing Jared of lying about an investment and demanding the kinds of information you are asking for. There is no evidence to suggest that he has ever misled the community in any way. In fact, all the evidence demonstrates that he is honest, professional, dedicated, and one of the best devs out there. Perfect response. Completely agree.
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