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

[HR]

My advice would be; don't be fooled into giving up your dgb down here because that is what the game is and take advantage of the offloading zombies while you can.

Good advice Jumbley.  That's exactly what I am doing. 

Judging by the fact that no-one seems to be too awfully concerned about the "momentary lull" in DGB momentum, I'm guessing the the majority are doing exactly the same.

 

There's always a silver lining. 


Or long term opportunity missed.


Be careful what you hope for, and don't shoot yourself in the foot with trivial compromises.

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[CRYPTONAIRE]

My advice would be; don't be fooled into giving up your dgb down here because that is what the game is and take advantage of the offloading zombies while you can.

Good advice Jumbley.  That's exactly what I am doing. 

Judging by the fact that no-one seems to be too awfully concerned about the "momentary lull" in DGB momentum, I'm guessing the the majority are doing exactly the same.

 

There's always a silver lining. 


Or long term opportunity missed.


Be careful what you hope for, and don't shoot yourself in the foot with trivial compromises.

But that's exactly the point, HR.  It is a "momentary lull".

Jared 'Scottie' Tate is heating up the warp engines even as we type.

Aye, Captain!!

[ReSl]

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This looks good for EU --VAT free EU on BTC--- . We getting there!!!
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http://www.coindesk.com/european-court-of-justice-official-proposes-bitcoin-vat-exemption/

[thsminer]

Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.

Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 319 why isn't the price 1/319th of a Bitcoin?

Think of it this way:

One day I get a great idea. Make coupons that anyone in the world can exchange for any item anywhere. It's like a new sort of money! I post on the internet about it, and alot of other people like the idea. We work out a way to make them not able to be counterfeited and mark these coupons so everyone knows they only came from our "New Money Coupon" group and decide to only print them at a certain rate for a limited amount of time. One day we start printing out these coupons. About a year and a half later between all of us we have all managed to print out about 4.5 billion of them.

One day, I'm feeling pretty proud of myself, so I take my one of my coupons to a local coffee shop that I know accepts Bitcoin. I walk up to the counter, hand them my coupon and say "I would like a coffee please". The person behind the counter won't give me anything because to them my coupon is worthless. I'm feeling pretty bummed out, so I go to McDonalds, and the same thing happens. I try a couple other businesses, but nobody will take my coupon and give me anything.

That's why 1 DGB isn't worth 1/319 of bitcoin.

Good explanation! I have to make you an excuse because my question was ment to show why the theory of the 1/319th and 1/1000th is bull and hoped on an answer of the poster.
It's all about acceptation, trust, supply and demand. So any comparison with other coins will fail. Crypto in it's current form is a commodity like soybeans and gold. When you compare wheat with soybeans there are some similarities but pricewise they are totally different. The same with DGB and BTC or DOGE or whatever. The only comparison is the current value of the mined coins compared to the current value of some other mined coin.
The moment DGB doubles in price for whatever reason, some large farms point their gear towards DGB and wham! a shitload of DGB will be sold on the market and the market will level out to a price where supply and demand are in a healthy balance.

     

[24hralttrade]

 
https://youtu.be/nxpTx0VDBKw?t=23s

[thsminer]

How about this for an experiment; everybody that considers themselves to be part of the true Digibyte community ' the knights' move into the official pool digihash for the weekend and lets see what we have.

I'm on digihash... SHA and Qubit

[HR]

BlackRock
Vanguard Group
State Street Global Advisors
Fidelity Investments  
J.P. Morgan Asset Mgmt.
BNY Mellon  
Capital Group
PIMCO
Deutsche Asset & Wealth
Goldman Sachs Group
Northern Trust Asset Mgmt.
TIAA-CREF
Prudential Financial
Wellington Mgmt.
NISA Investment
Legg Mason
Goldman Sachs Group
Manulife Asset Mgmt.
Geode Capital Mgmt.
Principal Global Investors
Legal & General Investment  

Interesting how many of these "big guns" don't like making e-mail addresses available. Lot's of physical addresses and telephone numbers, but, as for easy to use e-mail, some are quite aloof. On the other hand, others are much more information and communications technology friendly. :-)

Pisst. Don't tell anyone that I'm spending weekend free time mining high level corporate e-mail addresses.  

I spent a few hours "mining" yesterday and today, and I've got some 250 or so (only scratching the surface), high quality, executive level, corporate contacts - many interestingly enough from Europe - to use for a test run on Monday.

[Danslip]

Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.

Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 319 why isn't the price 1/319th of a Bitcoin?

If dgb was the only alt coin it would be closer to that value but still far off if you compare what bitcoin has to offer. Bitcoin has to service a lot more then the 1000s of alt coins. Aslong as bitcoin remains the top dog it will be hard for any large supply coin to maintain a price over 100 during the early stages as coins are pumped out fast.

You also have miners waiting to dump out as soon as the price reaches reasonable levels and more to sell off in relief as prices increase.

For any large supply coin to ever get to 1 usd value as mentioned in the marketing section of this coin it will need bitcoin to give up its dominance.

[Jumbley]

How about this for an experiment; everybody that considers themselves to be part of the true Digibyte community ' the knights' move into the official pool digihash for the weekend and lets see what we have.

I'm on digihash... SHA and Qubit

comrade!   We really need a few more...
Now if there were about 8000 as many of us, it would probably hurt if we kicked Bitcoin in the balls.

[thsminer]

How about this for an experiment; everybody that considers themselves to be part of the true Digibyte community ' the knights' move into the official pool digihash for the weekend and lets see what we have.

I'm on digihash... SHA and Qubit

comrade!   We really need a few more...
Now if there were about 8000 as many of us, it would probably hurt if we kicked Bitcoin in the balls.

Yeah, the place is crowded... 

[Jumbley]

How about this for an experiment; everybody that considers themselves to be part of the true Digibyte community ' the knights' move into the official pool digihash for the weekend and lets see what we have.

I'm on digihash... SHA and Qubit

comrade!   We really need a few more...
Now if there were about 8000 as many of us, it would probably hurt if we kicked Bitcoin in the balls.

Yeah, the place is crowded... 

@everyone.
Mining is the life blood of this coin, it is how it is distributed. There are coins out there that don’t have any mining and because of this fact they are able to keep better control over their price but are these better or are they very similar to the fiat systems we already have, to me these are the scam coins and they are quite definitely centralised.
Mining is the investment; it is paramount to the security of a decentralised model, it does not ensure that distribution is equal but it does make distribution fair because the rewards match the work done. People with more resources can mine more but they are also contributing more to the security of the network (supposedly).
The issue we face is that much of our network isn’t there for the common good of DigiByte, it is there to control and manipulate DigiByte and the people doing this are also able to ensure that they turn a tidy profit or at least don’t lose anything; they leave that for us to do.
The DigiByte community has to start taking mining seriously, if we want to move forward. Not all miners are bad but the good ones are overwhelmingly outnumbered. I cannot stress enough, the importance of small distributed miners hashing on our network in an affordable and sustainable manner, en-mass!
Join the Knights and die a free man…. or woman.

[TamiLee]

Buy on bittrex again for more coins as the price is lower then cryptsy.

[TamiLee]

How about this for an experiment; everybody that considers themselves to be part of the true Digibyte community ' the knights' move into the official pool digihash for the weekend and lets see what we have.

I'm on digihash... SHA and Qubit

comrade!   We really need a few more...
Now if there were about 8000 as many of us, it would probably hurt if we kicked Bitcoin in the balls.

Yeah, the place is crowded... 

@everyone.
Mining is the life blood of this coin, it is how it is distributed. There are coins out there that don’t have any mining and because of this fact they are able to keep better control over their price but are these better or are they very similar to the fiat systems we already have, to me these are the scam coins and they are quite definitely centralised.
Mining is the investment; it is paramount to the security of a decentralised model, it does not ensure that distribution is equal but it does make distribution fair because the rewards match the work done. People with more resources can mine more but they are also contributing more to the security of the network (supposedly).
The issue we face is that much of our network isn’t there for the common good of DigiByte, it is there to control and manipulate DigiByte and the people doing this are also able to ensure that they turn a tidy profit or at least don’t lose anything; they leave that for us to do.
The DigiByte community has to start taking mining seriously, if we want to move forward. Not all miners are bad but the good ones are overwhelmingly outnumbered. I cannot stress enough, the importance of small distributed miners hashing on our network in an affordable and sustainable manner, en-mass!
Join the Knights and die a free man…. or woman.

Multi Algo has saved this coin from going into the low teens in price. Much more dumping would be occurring if it wasn't for the 3 GPU algorithms where miners like myself will hold for a few years for higher prices.

[Jumbley]

How about this for an experiment; everybody that considers themselves to be part of the true Digibyte community ' the knights' move into the official pool digihash for the weekend and lets see what we have.

I'm on digihash... SHA and Qubit

comrade!   We really need a few more...
Now if there were about 8000 as many of us, it would probably hurt if we kicked Bitcoin in the balls.

Yeah, the place is crowded... 

@everyone.
Mining is the life blood of this coin, it is how it is distributed. There are coins out there that don’t have any mining and because of this fact they are able to keep better control over their price but are these better or are they very similar to the fiat systems we already have, to me these are the scam coins and they are quite definitely centralised.
Mining is the investment; it is paramount to the security of a decentralised model, it does not ensure that distribution is equal but it does make distribution fair because the rewards match the work done. People with more resources can mine more but they are also contributing more to the security of the network (supposedly).
The issue we face is that much of our network isn’t there for the common good of DigiByte, it is there to control and manipulate DigiByte and the people doing this are also able to ensure that they turn a tidy profit or at least don’t lose anything; they leave that for us to do.
The DigiByte community has to start taking mining seriously, if we want to move forward. Not all miners are bad but the good ones are overwhelmingly outnumbered. I cannot stress enough, the importance of small distributed miners hashing on our network in an affordable and sustainable manner, en-mass!
Join the Knights and die a free man…. or woman.

Multi Algo has saved this coin from going into the low teens in price. Much more dumping would be occurring if it wasn't for the 3 GPU algorithms where miners like myself will hold for a few years for higher prices.

I agree it seriously helps and is probably the reason we have got this far but it is not enough on its own. It is dwarfed by asic mining on our own network which is in turn is miniscule and even more dwarfed by mining on Bitcoin. If we don't step our game up, there may not be higher prices in the future ever. It is as if we are waiting for a rich fool to prop us up and that is definitely not going to happen unless they see us put the work in. Reap what you sow!

[plumptoiletduck]

How come the DigiByte video wasn't released this week?

Ask that question tomorrow if we don't hear anything.

[Bluestreet]

I am convinced the bittrex distribution tab puts high supply coins at a major disadvantage when it comes to trading.

[bogglor]

The only "problem" that currently exists is that people are upset because they aren't getting rich by having millions of DGB. Until people stop worrying about becoming rich, there will be no progress for this coin.

The argument that too many DGB are being created each day is just silly. That's not the reason that DGB doesn't have any value. Nobody knows about DGB and you can't use it for anything worthwhile, that's the real problem.

There are 3600 bitcoin made per day, and 6.5 million DGB per day. Even if DGB dropped to 3600 per day like bitcoin, it still wouldn't have much value.

Yes, I know that there are a couple retail places that "use" DGB, but in reality they don't use actually it. They use 3rd party exchange sites that converts DGB to dollars or euros, and completes the transaction in that currency. There is nowhere you can buy something by using only a DGB wallet to DGB wallet transaction.

Once the word gets out and the general public learns about DGB and if they begin to use it, only then will it gain a real market value.

[yoyoamigo]

sometimes, when i have small amounts of BTC like 0.1 and i want to transfer that out from Cryptsy, i will instead buy DGB with 0.1 BTC, transfer DGB to another exchange like bittrex and then sell off the DGB for BTC. Here are 2 reasons:

1) sometimes exchange impose fees and withdrawal limits that are high. for Cryptsy, withdrawal limit is 0.1 BTC if i am not wrong. and the fee is 0.001 BTC. as for DGB, fee is just 1 DGB (25sat). so 25sat vs 100000sat...yea...you get the picture.  

2) currently, DGB is way faster than BTC and i dont have to wait long for the transaction to be done. with DIGISPEED, it will be...WAY FASTER like sonic. i think that is where all the fame and glory will be since DIGISPEED have so many other exciting features. Its a trump card  

[benjamoyne]

sometimes, when i have small amounts of BTC like 0.1 and i want to transfer that out from Cryptsy, i will instead buy DGB with 0.1 BTC, transfer DGB to another exchange like bittrex and then sell off the DGB for BTC. Here are 2 reasons:

1) sometimes exchange impose fees and withdrawal limits that are high. for Cryptsy, withdrawal limit is 0.1 BTC if i am not wrong. and the fee is 0.001 BTC. as for DGB, fee is just 1 DGB (25sat). so 25sat vs 100000sat...yea...you get the picture.  

2) currently, DGB is way faster than BTC and i dont have to wait long for the transaction to be done. with DIGISPEED, it will be...WAY FASTER like sonic. i think that is where all the fame and glory will be since DIGISPEED have so many other exciting features. Its a trump card  

I do the same thing!

[Bluestreet]

2) currently, DGB is way faster than BTC and i dont have to wait long for the transaction to be done. with DIGISPEED, it will be...WAY FASTER like sonic. i think that is where all the fame and glory will be since DIGISPEED have so many other exciting features. Its a trump card  

There is quite a few coins that have under 30 second block times. Unless digispeed is aiming for 10 second block times it won't be the fastest. That title will be held by fast coin with 12 second blocktimes. Emarald coin has 20 seconds blocktimes.

Also how many people here know that myraid coin developed Multi PoW first ? When looking at the front page if you didn't know any better you would think it was digibyte.

That being said it won't be the dev that makes this coin a success but the marketing that is far superior to other coins which is why I even told the myraid coin community they should invest here instead.

http://cointelegraph.com/news/114898/ethereum-prepares-for-take-off
Ethereum going to be 12 seconds per blocks, so yes digispeed would need to aim for 10 seconds per block to be the fastest. I am sure this can be done!