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

[DigiByte]

Does anyone know if it is possible to buy any coins with bank deposits in China still? We read they are using a voucher system, does anyone know of any other ways?

[iikun]

Couldn't care less about them exchanges, they'll have to add DGB eventually anyway. Coinmarket.io is doing a great job. Im converted!

Those exchanges will make the price go up and attract a lot more traders.  Getting DigiByte on them is a very big deal...

+1

Demand would pick up significantly and so would the price.

It would also get us on http://coinmarketcap.com/
Wouldn't it be neat to see DigiByte climb on coinmarketcap 

The price would take a significant hit because multipools use Cryptsy to dump their coins. And we're talking huge amounts of coins per minute, way more than buy demand can handle.  It's the main reason LOT hasn't climbed higher on cryptsy despite taking off last week, they get to a point where multipools start mining & selling and then buy demand just can't handle it.  Seriously, coinmarket.io is doing a decent enough job as it is. We should keep doing what we're doing, get the word out, promote the coins strong points & then when Digi is finally added on an exchange like Cryptsy there will be greater buy support to help protect against the inevitable power dumping.

[nicksly]

What about Kimoto gravity well for Digibyte ?

[DigiByte]

Couldn't care less about them exchanges, they'll have to add DGB eventually anyway. Coinmarket.io is doing a great job. Im converted!

Those exchanges will make the price go up and attract a lot more traders.  Getting DigiByte on them is a very big deal...

+1

Demand would pick up significantly and so would the price.

It would also get us on http://coinmarketcap.com/
Wouldn't it be neat to see DigiByte climb on coinmarketcap 

The price would take a significant hit because multipools use Cryptsy to dump their coins. And we're talking huge amounts of coins per minute, way more than buy demand can handle.  It's the main reason LOT hasn't climbed higher on cryptsy despite taking off last week, they get to a point where multipools start mining & selling and then buy demand just can't handle it.  Seriously, coinmarket.io is doing a decent enough job as it is. We should keep doing what we're doing, get the word out, promote the coins strong points & then when Digi is finally added on an exchange like Cryptsy there will be greater buy support to help protect against the inevitable power dumping.

This is a very solid point. And it may be in our best interest to just stay on coinmarket.io for awhile and to let the other exchanges add us when they are ready. Coinmarket.io is doing an awesome job!

[iikun]

Does anyone know if it is possible to buy any coins with bank deposits in China still? We read they are using a voucher system, does anyone know of any other ways?

The 2nd half of this article appears to have a good wrap-up of several exchanges' situations:
http://www.ft.com/cms/s/0/b7ae1ea6-76ce-11e3-a253-00144feabdc0.html#axzz2rSvfzwc7

[DigiByte]

What about Kimoto gravity well for Digibyte ?

What is this exactly? We have never heard of it.

[nicksly]

What about Kimoto gravity well for Digibyte ?

What is this exactly? We have never heard of it.

here
https://forum.megacoin.co.nz/index.php?topic=893.0

[DigiByte]

Does anyone know if it is possible to buy any coins with bank deposits in China still? We read they are using a voucher system, does anyone know of any other ways?

The 2nd half of this article appears to have a good wrap-up of several exchanges' situations:
http://www.ft.com/cms/s/0/b7ae1ea6-76ce-11e3-a253-00144feabdc0.html#axzz2rSvfzwc7

Not able to read it as we do not have a FT membership. Is the article anywhere else?

[DigiByte]

What about Kimoto gravity well for Digibyte ?

What is this exactly? We have never heard of it.

here
https://forum.megacoin.co.nz/index.php?topic=893.0

This is very interesting and we will look more into this. Thank you for pointing it out!

[iikun]

Does anyone know if it is possible to buy any coins with bank deposits in China still? We read they are using a voucher system, does anyone know of any other ways?

The 2nd half of this article appears to have a good wrap-up of several exchanges' situations:
http://www.ft.com/cms/s/0/b7ae1ea6-76ce-11e3-a253-00144feabdc0.html#axzz2rSvfzwc7

Not able to read it as we do not have a FT membership. Is the article anywhere else?

that's weird, neither do I.  I'll put the main points here (article dated Jan 6):


One exchange, BTCtrade, has continued using a third-party payment provider even though the central bank banned such links with Bitcoin exchanges. A customer service representative for the exchange said its payment provider had yet to receive a formal notice from regulators and so remained active.
Other exchanges have looked for loopholes. Huobi, a Beijing-based exchange, allows users to make direct deposits in its own corporate bank account or even the personal one of Li Lin, its founder, with the company then brings the money on to its trading platform.
“We are a company and we have a business selling a product, and we need to settle accounts. This is totally legal. Yes, we can’t co-operate with payment providers but we can still conduct our own business,” Mr Li said.

OkayCoin has tried both approaches. It has worked with 95gateway.com, a small payment provider still willing to do business with Bitcoin exchanges, but this payment company has struggled to cope with the volume of transactions. At the end of December, OkayCoin created a corporate account similar to that of Huobi to handle deals. “For the two weeks that funds could not be added to our exchange, it was as painful as sitting on a thorn. The days went by like years,” it said in a statement on its website when unveiling the new corporate account method for transferring funds.

BTC China is beginning to fight back. It has opted not to use the corporate account transfer method out of concern that regulators might deem this to be the same as using a third-party payment provider. However, it has created a voucher system that allows people with money on the exchange to sell the right to that cash to people who want to buy Bitcoins

TL:DR The larger exchanges seem to allow direct payments to their corporate accounts, but as this is a slow process it's probably only attractive to speculators & is killing any chance of using BTC as a means of payments for goods and services. If people really want to buy BTC it does appear they can though. The article says nothing about how to cash out though.

[iikun]

What about Kimoto gravity well for Digibyte ?

What is this exactly? We have never heard of it.

here
https://forum.megacoin.co.nz/index.php?topic=893.0

This is very interesting and we will look more into this. Thank you for pointing it out!

LOT actually uses a per block adjustment too. It doesn't stop it being hit by multipools, but it does allow it to recover faster once they leave.

[DigiByte]

Does anyone know if it is possible to buy any coins with bank deposits in China still? We read they are using a voucher system, does anyone know of any other ways?

The 2nd half of this article appears to have a good wrap-up of several exchanges' situations:
http://www.ft.com/cms/s/0/b7ae1ea6-76ce-11e3-a253-00144feabdc0.html#axzz2rSvfzwc7

Not able to read it as we do not have a FT membership. Is the article anywhere else?

that's weird, neither do I.  I'll put the main points here (article dated Jan 6):


One exchange, BTCtrade, has continued using a third-party payment provider even though the central bank banned such links with Bitcoin exchanges. A customer service representative for the exchange said its payment provider had yet to receive a formal notice from regulators and so remained active.
Other exchanges have looked for loopholes. Huobi, a Beijing-based exchange, allows users to make direct deposits in its own corporate bank account or even the personal one of Li Lin, its founder, with the company then brings the money on to its trading platform.
“We are a company and we have a business selling a product, and we need to settle accounts. This is totally legal. Yes, we can’t co-operate with payment providers but we can still conduct our own business,” Mr Li said.

OkayCoin has tried both approaches. It has worked with 95gateway.com, a small payment provider still willing to do business with Bitcoin exchanges, but this payment company has struggled to cope with the volume of transactions. At the end of December, OkayCoin created a corporate account similar to that of Huobi to handle deals. “For the two weeks that funds could not be added to our exchange, it was as painful as sitting on a thorn. The days went by like years,” it said in a statement on its website when unveiling the new corporate account method for transferring funds.

BTC China is beginning to fight back. It has opted not to use the corporate account transfer method out of concern that regulators might deem this to be the same as using a third-party payment provider. However, it has created a voucher system that allows people with money on the exchange to sell the right to that cash to people who want to buy Bitcoins

TL:DR The larger exchanges seem to allow direct payments to their corporate accounts, but as this is a slow process it's probably only attractive to speculators & is killing any chance of using BTC as a means of payments for goods and services. If people really want to buy BTC it does appear they can though. The article says nothing about how to cash out though.

Awesome, thank you for posting!

[appbox]

Let's get DigiByte on Bter: Send an email to support@bter.com
Let's get DigiByte on CoinedUp: http://www.reddit.com/r/CoinedUp/comments/1v93k1/please_add_digibyte_dgb/
Let's get DigiByte on Cryptsy: https://cryptsy.freshdesk.com/support/discussions/topics/72581

up!

Appbox, can you tell us once again what exactly people are calling DigiByte in Chinese?

"极特币"

[Gazza1]

If your in this for the short term then I can see you point, but I don't want this to be another pump and dump. Give the coin time to mature and growth in price will come naturally, we don't need to force it.

That's true, I do want this coin to grow and succeed long term

[creativecuriosity]

Appbox, can you tell us once again what exactly people are calling DigiByte in Chinese?

"极特币"

Like the translation on that one

[DigiByte]

Appbox, can you tell us once again what exactly people are calling DigiByte in Chinese?

"极特币"

Like the translation on that one

So it means "Very Special Coins"

Is there a closer translation to DigiByte?

[creativecuriosity]

Appbox, can you tell us once again what exactly people are calling DigiByte in Chinese?

"极特币"

Like the translation on that one

So it means "Very Special Coins"

Is there a closer translation to DigiByte?

Closer isn't necessarily better.  
A friend of mine tells me that it is actually quite a positive name and shows respect, for lack of a better word.

Of coarse, it wouldn't be the first time my friend was wrong 

[cointradero]

I learned one very important lesson from this coin so far - giveaways are not just for beggars .

I didn't get in on the 50K giveaways, but that's about $130 dollars at the current exchange rate.  Nutty.

[zxm7001]

Let's get DigiByte on Bter: Send an email to support@bter.com
Let's get DigiByte on CoinedUp: http://www.reddit.com/r/CoinedUp/comments/1v93k1/please_add_digibyte_dgb/
Let's get DigiByte on Cryptsy: https://cryptsy.freshdesk.com/support/discussions/topics/72581

up!

Appbox, can you tell us once again what exactly people are calling DigiByte in Chinese?

极特币

[yoyoamigo]

is there any way right now to buy DigiByte using paypal?

Or is there a better way to do that already like some sort of e-coin market that helps to get this transactions done securely between 2 people? sort of like a Hanshake Deal instead of one that you have to put money into another person's pocket first and risk having the person running away.