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

[the_game1224]

but in the eyes of the crypto world, who I swear has ADD

LOL there is no doubt about that!  I agree there probably was an opportunity missed especially with the NAUT train, hopefully the announcement makes everyone forget.
There are and likely will be more XC profits out there, perhaps that is another opportunity to catch the next rocket.

[ycagel]

I think the key is to constantly be pushing news. In the situation of DGB, you have the flexibility that the dev is really trying to make sure the coin is the best. In addition, adoption needs to continue happening. DOGE, NAUT and many other coins took full advantage of the DigiShield implementation and for what it's worth, not sure there was enough of a lasting effect on our community. With all the wild exaggeration in the market, DGB should be an easy $.10-.20. Why not?

YC

[BlazingHashes]

www.blazinghashes.com

[22langer22]

I think the key is to constantly be pushing news. In the situation of DGB, you have the flexibility that the dev is really trying to make sure the coin is the best. In addition, adoption needs to continue happening. DOGE, NAUT and many other coins took full advantage of the DigiShield implementation and for what it's worth, not sure there was enough of a lasting effect on our community. With all the wild exaggeration in the market, DGB should be an easy $.10-.20. Why not?

YC

I understand that an algo change announcement doesnt happen over night. Little things like, we are looking to implement this or x is happeing on this date. FACTS bring money into the coin. The value of the coin will determine how useful it is to the public, and DGB is a little behind in that department.

[iikun]

I think the key is to constantly be pushing news. In the situation of DGB, you have the flexibility that the dev is really trying to make sure the coin is the best. In addition, adoption needs to continue happening. DOGE, NAUT and many other coins took full advantage of the DigiShield implementation and for what it's worth, not sure there was enough of a lasting effect on our community. With all the wild exaggeration in the market, DGB should be an easy $.10-.20. Why not?

YC

I understand that an algo change announcement doesnt happen over night. Little things like, we are looking to implement this or x is happeing on this date. FACTS bring money into the coin. The value of the coin will determine how useful it is to the public, and DGB is a little behind in that department.

this is true.  Also that a fork cannot be done without warning or a disaster like Dark will happen. So even if an announcement is made this week the fork cannot happen for at least a week. Meanwhile bulk Asics are currently being shipped.

[kizloc]

Hello I'd like to introduce myself, Im KIZLOC
Ive been mining DGB sine the the start and I live in the UK, Will anybody be going to the Crypto-currency Convention in London on Oct 22nd 2014, I will most probably be going and is there any thing I can do help?

[ycagel]

Do people in the community believe that reducing the supply would be better for long term health of the coin? Would they be more inclined to invest if they are on the fences?

YC

I think the key is to constantly be pushing news. In the situation of DGB, you have the flexibility that the dev is really trying to make sure the coin is the best. In addition, adoption needs to continue happening. DOGE, NAUT and many other coins took full advantage of the DigiShield implementation and for what it's worth, not sure there was enough of a lasting effect on our community. With all the wild exaggeration in the market, DGB should be an easy $.10-.20. Why not?

YC

I understand that an algo change announcement doesnt happen over night. Little things like, we are looking to implement this or x is happeing on this date. FACTS bring money into the coin. The value of the coin will determine how useful it is to the public, and DGB is a little behind in that department.

this is true.  Also that a fork cannot be done without warning or a disaster like Dark will happen. So even if an announcement is made this week the fork cannot happen for at least a week. Meanwhile bulk Asics are currently being shipped.

[halinyo]

Hello I'd like to introduce myself, Im KIZLOC
Ive been mining DGB sine the the start and I live in the UK, Will anybody be going to the Crypto-currency Convention in London on Oct 22nd 2014, I will most probably be going and is there any thing I can do help?

I am planning to be there too A DGB lover too

[haggis]

Do people in the community believe that reducing the supply would be better for long term health of the coin? Would they be more inclined to invest if they are on the fences?

YC

I think as long as DGB isn't at mainstream, a total coin reduction would be good. However, this should be done in a fair manner - meaning that if the supply is divided by ten then every coin should be a tenth coin afterwards. So if we reduce from 21 billion to lets say 210m them 1m current coins should become 10k coins. This is fair for current holders and fair to later investors. It shouldn't have the taste of a motivation of greed. The motivation is to push 1 DGB in a direction of $0.01 - $0.1 each. That's currently ~ 0.000015 - 0.00015BTC
So a reduction to 560m or 56m would make sense imho.

At a later time there's still the possibility to raise the quantity again if needed.

[cryptmebro]

Do people in the community believe that reducing the supply would be better for long term health of the coin? Would they be more inclined to invest if they are on the fences?

YC

I think as long as DGB isn't at mainstream, a total coin reduction would be good. However, this should be done in a fair manner - meaning that if the supply is divided by ten then every coin should be a tenth coin afterwards. So if we reduce from 21 billion to lets say 210m them 1m current coins should become 10k coins. This is fair for current holders and fair to later investors. It shouldn't have the taste of a motivation of greed. The motivation is to push 1 DGB in a direction of $0.01 - $0.1 each. That's currently ~ 0.000015 - 0.00015BTC
So a reduction to 560m or 56m would make sense imho.

At a later time there's still the possibility to raise the quantity again if needed.

I don't think a reduction is necessary, as it's greedy and desperate.  This community is active, and dedicated.  Give it time.  Quit worrying about the current "price" and just worry about exposure and services.

[the_game1224]

Do people in the community believe that reducing the supply would be better for long term health of the coin? Would they be more inclined to invest if they are on the fences?

YC

I think as long as DGB isn't at mainstream, a total coin reduction would be good. However, this should be done in a fair manner - meaning that if the supply is divided by ten then every coin should be a tenth coin afterwards. So if we reduce from 21 billion to lets say 210m them 1m current coins should become 10k coins. This is fair for current holders and fair to later investors. It shouldn't have the taste of a motivation of greed. The motivation is to push 1 DGB in a direction of $0.01 - $0.1 each. That's currently ~ 0.000015 - 0.00015BTC
So a reduction to 560m or 56m would make sense imho.

At a later time there's still the possibility to raise the quantity again if needed.

Honestly while I get what you are saying (essentially handle it like a reverse stock split) I think this would be a bad idea and I'm not sure it is possible do this from a technical aspect
Both you and I understand why it would be fair but I really think it would infuriate many holders simply because they are greedy.   

I really am not sure if I would oppose or support a reduction the more I think about it.  It was just a random though I had.

[ycagel]

Agree with your assessment. All of the conversation was just more brainstorming. Not suggesting to do either. More importantly, you would never want to jeopardize the long term health and sustainability of the coin.

YC

Do people in the community believe that reducing the supply would be better for long term health of the coin? Would they be more inclined to invest if they are on the fences?

YC

I think as long as DGB isn't at mainstream, a total coin reduction would be good. However, this should be done in a fair manner - meaning that if the supply is divided by ten then every coin should be a tenth coin afterwards. So if we reduce from 21 billion to lets say 210m them 1m current coins should become 10k coins. This is fair for current holders and fair to later investors. It shouldn't have the taste of a motivation of greed. The motivation is to push 1 DGB in a direction of $0.01 - $0.1 each. That's currently ~ 0.000015 - 0.00015BTC
So a reduction to 560m or 56m would make sense imho.

At a later time there's still the possibility to raise the quantity again if needed.

Honestly while I get what you are saying (essentially handle it like a reverse stock split) I think this would be a bad idea and I'm not sure it is possible do this from a technical aspect
Both you and I understand why it would be fair but I really think it would infuriate many holders simply because they are greedy.   

I really am not sure if I would oppose or support a reduction the more I think about it.  It was just a random though I had.

[kizloc]

Hello I'd like to introduce myself, Im KIZLOC
Ive been mining DGB sine the the start and I live in the UK, Will anybody be going to the Crypto-currency Convention in London on Oct 22nd 2014, I will most probably be going and is there any thing I can do help?

I am planning to be there too A DGB lover too

See you There, will Jared be going?

[Moxymore]

Guys... in my opinion, what we need too is to have investors. Pumping Digibyte is probably very easy for big BTC holders... and much more easy than pumping other coins like BTC-LTC-DRK-NAUT-DOGE... because of the actual volumes of DGB trades. But unfortunately I'm not one of these rich and powered guys

Maybe some of you will think that after a pump, there will be a dump. But for DGB, i'm pretty sure it will be kinda different, because :

- this bitcointalk thread is one of the fullest thread and lots of people knows DGB by it (and probably a lot of guys, even if they have not a lot of DGB actually, stay informed because they see in Digibyte a good potential)
- I remember the panic BUYING of the last month, when "maybe" a lil' group of pumper have put DGB to around 75 satoshis.
- DGB is kinda undervalued yet. But not a bit, really!

That's why I think if we can find some investors, teamed (I can dream), who will be able to "help" the DGB market when an official good news from the DGB devs (twitter, facebook...) will be released, this can be one way to rise DGB in a sustainable way.

To conclude, I think DGB have difficulties in its price charts only because it is actually at a critical low point. The day when DGB will be around 150+ satochi, interests on it will grow and ONLY THEN Digibyte will "fly with it's own wings" (french expression, I dunno if this is understandable when translated^^)

Regards.

[ycagel]

I know the meeting June 2nd is a big one regarding investors and for the overall growth of the coin.

YC

[BlazingHashes]

www.blazinghashes.com

[NJRiot]

depressing to see this great coin staying scrypt and falling so way out of favor with people ..
I loved it when it first came out ..
dev should of gone x11 long time ago ..
he has failed us all!

[karmacoma24]

depressing to see this great coin staying scrypt and falling so way out of favor with people ..
I loved it when it first came out ..
dev should of gone x11 long time ago ..
he has failed us all!

Don't be sad...

Apparently there is an important announcement this week!

I've been holding DigiByte since the very beginning and will continue to do so...

[wegsturm]

depressing to see this great coin staying scrypt and falling so way out of favor with people ..
I loved it when it first came out ..
dev should of gone x11 long time ago ..
he has failed us all!

I don't see a problem currently to have scrypt. DGB is still too unpopular to get hit by ASICS. Maybe some people use Gridseeds but that's it. Jared will announce this where we are heading to.

[the_game1224]

depressing to see this great coin staying scrypt and falling so way out of favor with people ..
I loved it when it first came out ..
dev should of gone x11 long time ago ..
he has failed us all!

I don't see a problem currently to have scrypt. DGB is still too unpopular to get hit by ASICS. Maybe some people use Gridseeds but that's it. Jared will announce this where we are heading to.

Actually there is a huge problem with the net hashrate being as low as it is.  But yes all indications are that the announcement will address this