iikun
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February 12, 2014, 04:30:04 PM |
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I think we need more than just exchanges? What about a tippingbot? Or just more companies accepting it?
A tipping bot might be nice. One issue with the low price at the moment is that it limits merchants to small payments. According to coinmarketcap the market is currently $338,543 meaning that to make a payment of even $1,000 you would need to own 0.3% of all Digibyte minted so far (a touch under 1,4000,000DGB). With low exchange volume this is a problem as you would have to pay far above market value to buy up $1,000 worth immediately and likewise would lose money if you wanted to convert it instantly to cash. Granted it is probably not the buy side which is the issue as buyers would simply use their existing holdings to make payment, but for a merchant with a serious business, who ideally wants to convert it instantly to cash instead of playing the market on their sales this is an obvious issue. So, what this means is that we need: 1. A higher trade volume on exchanges. Ideally one big exchange in my opinion as that will make it easier for merchants to sell, as well as creating greater price stability overall. 2. To find & partner with merchants who either have an active interest in Digibyte (such as Martins); or a merchant who crypto fans often buy things from & whose transactions average a few hundred dollars. In my mind a tipping bot as Msile suggested is interesting, but not being a programmer far be it for me to ask someone else to design such a thing. I'm assuming that the majority of current DGB users are in either Nth America or Europe so I lack market knowledge, but is there a little cousin to Newegg or the like whom we could approach with an offer they can't refuse? Obviously a market leader would never go to the bother of adopting DGB at the moment but perhaps there is someone down the food chain who might be convinced.
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cryos75
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February 12, 2014, 05:00:40 PM |
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I think we need more than just exchanges? What about a tippingbot? Or just more companies accepting it?
A tipping bot might be nice. One issue with the low price at the moment is that it limits merchants to small payments. According to coinmarketcap the market is currently $338,543 meaning that to make a payment of even $1,000 you would need to own 0.3% of all Digibyte minted so far (a touch under 1,4000,000DGB). With low exchange volume this is a problem as you would have to pay far above market value to buy up $1,000 worth immediately and likewise would lose money if you wanted to convert it instantly to cash. Granted it is probably not the buy side which is the issue as buyers would simply use their existing holdings to make payment, but for a merchant with a serious business, who ideally wants to convert it instantly to cash instead of playing the market on their sales this is an obvious issue. So, what this means is that we need: 1. A higher trade volume on exchanges. Ideally one big exchange in my opinion as that will make it easier for merchants to sell, as well as creating greater price stability overall. 2. To find & partner with merchants who either have an active interest in Digibyte (such as Martins); or a merchant who crypto fans often buy things from & whose transactions average a few hundred dollars. In my mind a tipping bot as Msile suggested is interesting, but not being a programmer far be it for me to ask someone else to design such a thing. I'm assuming that the majority of current DGB users are in either Nth America or Europe so I lack market knowledge, but is there a little cousin to Newegg or the like whom we could approach with an offer they can't refuse? Obviously a market leader would never go to the bother of adopting DGB at the moment but perhaps there is someone down the food chain who might be convinced. I have implemented a DGB tipping bot for our reddit site ( http://www.reddit.com/r/Digibyte/) and others are in the works. :-) More details to come....
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DigiByte (OP)
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Official DigiByte Account
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February 12, 2014, 05:01:32 PM |
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I just wanted to let you guys know a little birdie told me DigiByte will officially be added to Cryptsy this weekend. You guys have a great community of people and appear to really care about your coin. This is what matters most in a coin's success.
Keep up the great work.
This is great news! Can anyone else verify this? We have had no official contact with Cryptsy. We do have a great community and we really do care about the long term future of DigiByte!
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DigiByte (OP)
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Official DigiByte Account
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February 12, 2014, 05:03:56 PM |
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I think we need more than just exchanges? What about a tippingbot? Or just more companies accepting it?
A tipping bot might be nice. One issue with the low price at the moment is that it limits merchants to small payments. According to coinmarketcap the market is currently $338,543 meaning that to make a payment of even $1,000 you would need to own 0.3% of all Digibyte minted so far (a touch under 1,4000,000DGB). With low exchange volume this is a problem as you would have to pay far above market value to buy up $1,000 worth immediately and likewise would lose money if you wanted to convert it instantly to cash. Granted it is probably not the buy side which is the issue as buyers would simply use their existing holdings to make payment, but for a merchant with a serious business, who ideally wants to convert it instantly to cash instead of playing the market on their sales this is an obvious issue. So, what this means is that we need: 1. A higher trade volume on exchanges. Ideally one big exchange in my opinion as that will make it easier for merchants to sell, as well as creating greater price stability overall. 2. To find & partner with merchants who either have an active interest in Digibyte (such as Martins); or a merchant who crypto fans often buy things from & whose transactions average a few hundred dollars. In my mind a tipping bot as Msile suggested is interesting, but not being a programmer far be it for me to ask someone else to design such a thing. I'm assuming that the majority of current DGB users are in either Nth America or Europe so I lack market knowledge, but is there a little cousin to Newegg or the like whom we could approach with an offer they can't refuse? Obviously a market leader would never go to the bother of adopting DGB at the moment but perhaps there is someone down the food chain who might be convinced. I have implemented a DGB tipping bot for our reddit site ( http://www.reddit.com/r/Digibyte/) and others are in the works. :-) More details to come.... Thank you for the awesome work! We just sent some DGB to the address in your signature! As we are new to Reddit would you mind explaining exactly how to use the tipping bot?
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DigiByte (OP)
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Official DigiByte Account
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February 12, 2014, 05:11:11 PM |
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The winner at MintPal will be selected soon! Keep voting every hour (3 votes or 6 votes if logged in)! https://www.mintpal.com/voting
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iikun
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Merit: 1003
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February 12, 2014, 05:13:42 PM |
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I think we need more than just exchanges? What about a tippingbot? Or just more companies accepting it?
A tipping bot might be nice. One issue with the low price at the moment is that it limits merchants to small payments. According to coinmarketcap the market is currently $338,543 meaning that to make a payment of even $1,000 you would need to own 0.3% of all Digibyte minted so far (a touch under 1,4000,000DGB). With low exchange volume this is a problem as you would have to pay far above market value to buy up $1,000 worth immediately and likewise would lose money if you wanted to convert it instantly to cash. Granted it is probably not the buy side which is the issue as buyers would simply use their existing holdings to make payment, but for a merchant with a serious business, who ideally wants to convert it instantly to cash instead of playing the market on their sales this is an obvious issue. So, what this means is that we need: 1. A higher trade volume on exchanges. Ideally one big exchange in my opinion as that will make it easier for merchants to sell, as well as creating greater price stability overall. 2. To find & partner with merchants who either have an active interest in Digibyte (such as Martins); or a merchant who crypto fans often buy things from & whose transactions average a few hundred dollars. In my mind a tipping bot as Msile suggested is interesting, but not being a programmer far be it for me to ask someone else to design such a thing. I'm assuming that the majority of current DGB users are in either Nth America or Europe so I lack market knowledge, but is there a little cousin to Newegg or the like whom we could approach with an offer they can't refuse? Obviously a market leader would never go to the bother of adopting DGB at the moment but perhaps there is someone down the food chain who might be convinced. I have implemented a DGB tipping bot for our reddit site ( http://www.reddit.com/r/Digibyte/) and others are in the works. :-) More details to come.... nice work!
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ycagel
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February 12, 2014, 05:33:47 PM |
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I've asked the same question as well. Be nice to get a larger exposure and increased liquidity. Kind Regards, YC I just wanted to let you guys know a little birdie told me DigiByte will officially be added to Cryptsy this weekend. You guys have a great community of people and appear to really care about your coin. This is what matters most in a coin's success.
Keep up the great work.
This is great news! Can anyone else verify this? We have had no official contact with Cryptsy. We do have a great community and we really do care about the long term future of DigiByte!
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HollowStorm
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February 12, 2014, 05:46:40 PM |
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VOTE! VOTE! Vote! edit: lol! 3 coins just jumped above us xD Their bribing Mintpal with BTC ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) edit 2: Now we're ahead! Thanks to a few Generous BTC Angels! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Moxymore
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February 12, 2014, 05:51:31 PM |
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Guys... we need Cryptsy for our DGB ofc. Like CoinEx. But for the moment, and because we have no official news, go to http://www.allcrypt.com/beta/voting.php and vote for DGB! That's simple. You have 10 votes per day and per IP, and you don't need to register. Just click on the link, give 10 votes per days for DGB, and maybe he will be added with the other popular coins of this new marketplace which will open soon.
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♥ Digibyte ♥ "THE" Digital currency of the future ♥
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martins
Full Member
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Residencial Castor Apart-Hotel
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February 12, 2014, 05:57:53 PM |
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IM gonna hang outt some of my coins to donate to Digiman use it into exchanges adoption, have said! hey Digiman give me your BTC adress...
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Th3P
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February 12, 2014, 06:26:21 PM |
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Looking very good for us on there ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Th3P
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February 12, 2014, 06:28:16 PM |
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I shouldnt... But I`ve done a BTC vote aswell!!
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cryos75
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February 12, 2014, 06:49:39 PM |
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Thank you for the awesome work! We just sent some DGB to the address in your signature!
As we are new to Reddit would you mind explaining exactly how to use the tipping bot?
Wow!! Thanks!! I just saw that transaction and wondered where it came from! THANK YOU! Developing a /r/digibyte reddit wiki is on my to-do list to explain the functionality and available commands. I also have another side project in works that I'll be announcing publicly soon, but will PM you with details.
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xploited
Sr. Member
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CLAM Dev
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February 12, 2014, 07:07:15 PM |
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Thanks for the update! I'll test it out when I get some time tonight
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salakaevur
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February 12, 2014, 07:51:45 PM |
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SkillRoad
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February 12, 2014, 08:00:12 PM |
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Since you are reading this could you add the trailing spaces to prices? I'ts easier to see something is 20 satoshi if it's 0.00000020 than if it is 0.0000002. PS. Nice touch with the maxcoin button. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I'll be making changes to this display soon in a way that should make all purchases/sales much clearer.
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,./,./
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February 12, 2014, 08:01:09 PM |
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Digibyte in national colors: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FjxgWbYX.jpg&t=665&c=qQ2cBc4UL-FFQg) you forget the neatherlands!
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