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

[ycagel]

Mintpal, Cryptsy and CEX.IO are good to go! 24 hr volume at CEX is 50M DGB!

YC

What's happening guys?

Nothing until the exchanges get their stuff straight.

[ycagel]

If you are trading any reasonable volume, you will need to speak to the exchange about increasing specific caps on the hot wallet. If not, you will have withdrawal issues.

YC

[halinyo]

Moolah/Mintpal the END.

[djnocide]

Moolah/Mintpal the END.

From everything i've read, it seems like it. Hope the result won't be that negative 

[tyson187]

Moolah/Mintpal the END.

From everything i've read, it seems like it. Hope the result won't be that negative 

I hope they refund the few hundred Btc worth of coins they have, they should have just make a notice for people to withdraw them .

[ASchmitt]

Guys, maybe getting something viral. Easy, cheap and effective.

Maybe start a youtube channel called 'I want Digibyte' where people do a short video of themselves saying "I want Digibyte" doing something funny, silly or just weird and people send them Digibyte via their digibyte address if they like it?

Besides, people are the most powerful tool.

Look at the ice bucket challenge....

The science behind a video that goes viral is a pretty complicated one. Kudos if someone manages to make one, but don't think it's easy.

The ice bucket challenge, for example, uses the "challenge" to give a chance for people to show off, and the charity thing is actually an excuse. The gangnam style or all other "silly" stuff that go viral have often uses the meme mechanism (see dogecoin, as a semisuccessful example thereof).

I mean, go for it, but don't expect great results.

Really good idea, but have to agree with suchPotato

[halinyo]

Moolah/Mintpal the END.

From everything i've read, it seems like it. Hope the result won't be that negative 

I guess they have dumped many coins on bittrex and caused some drops in many coins... but it has nearly recovered.
This will be normal soon. Mintpal was a really good exchange with its design etc... It is sad it is gone to Moolah, who was a bit unprofessional on managing the cases.
Even the site was not ready when they switched... Anyways... It is also sad if any significant problems Moolah faced. I really would not want to be in his place atm. Should be hard.

Thanks to Moolah, I had taken my coins out of mintpal and they say the rest will still be able to take their coins until the end of the month.
If there are extreme issues, they will be dealth with after the closure as my understanding.

[ReSl]

Multi-vPoW: Myriadcoin’s Solution to Merge-Mining!
This is cool. I like the tech guys from Myr
Check this out!
http://coinbrief.net/myriadcoin-merge-mining/

[ycagel]

More conversation about Mintpal. I would advise folks to get their DGB out of there and stay clear until things have been resolved (if they do).

https://bitcointalk.org/index.php?topic=823927.msg8374108;boardseen#new

YC

[ycagel]

Moolah filing for bankruptcy! Stay away!

http://blog.moolah.io/2014/10/14/moolah-is-having-to-close-its-doors/

YC

[ycagel]

Looks there is 2,063,725,976 DGB in circulation. That is close to 10% of the existing supply. Pretty interesting to see how things play out. Does this ultimately lead to scarcity in DGB?

YC

[DigiByte]

Looks there is 2,063,725,976 DGB in circulation. That is close to 10% of the existing supply. Pretty interesting to see how things play out. Does this ultimately lead to scarcity in DGB?

YC

Our original target was 4 billion by the end of the 1st year.

[Vlad2Vlad]

Looks there is 2,063,725,976 DGB in circulation. That is close to 10% of the existing supply. Pretty interesting to see how things play out. Does this ultimately lead to scarcity in DGB?

YC

Scarcity?

Is this a joke?

The DGB devs doubled the already massive inflation rate.  The word scarcity shouldn't enter the equation regarding DGB at any point in the present or future.

[HR]

Looks there is 2,063,725,976 DGB in circulation. That is close to 10% of the existing supply. Pretty interesting to see how things play out. Does this ultimately lead to scarcity in DGB?

YC

Scarcity?

Is this a joke?

The DGB devs doubled the already massive inflation rate.  The word scarcity shouldn't enter the equation regarding DGB at any point in the present or future.

This:

This coin seems to be doing all the right things - why does the price keep dropping?

Is it simply the massive inflation rate?  If so, are the devs planning to slow that down to give the price a chance to rise?

Cheers!

Vlad,

We have been having internal discussions about this. Simply put we doubled the production of coins at block 145k.

DigiByte was on track to produce all of its coins over a 30 + years. Now it will happen in about 15 years. We are potentially thinking of a hard fork next spring that will cut new coin production in half.

What is the communities take on this?

I sometimes wonder about our ability to see beyond the ends of our noses when I hear people talking about cryptocurrency “inflation”. Okay, I get the point when comparing with other cryptos, but isn’t that a bit shortsighted?

With developed nations’ total aggregate money supply being somewhere between 50 and 75 trillion USD equivalent, wouldn’t it be reasonable to expect a large enough demand in cryptocurrencies to support at least a 5 trillion of USD equivalent money supply in cryptocurrencies?

If we had a 5 trillion total USD equivalent of cryptocurrency money supply, and assigned a generous total of 50 cryptocurrency survivors to our equation, each of the 50 survivors would have a proportionate 100 billion USD equivalent money supply, an amount which in each individual case would hardly even begin to compete with the 50-75 trillion of total fiat supply and ITS inflation!

In the case of BTC, a 100 billion USD total capitalization would equate to a price of $4,761.90 USD.

MEC would be valued at $2,380.96, LTC at $1,190.48, HBN at $833.34, DGC at $500, QRK at $404.86, EAC at $7.41, DGB at $4.77, and DOGE at $1.00, for example.

While we could argue all day long about whether or not Hobonickels will be one of the eventual survivors, what I’m sure we can all agree on is that there will be someone who takes the place of Hobonickels if it doesn’t survive, and if not (let’s say there are only 30 eventual survivors, or 20, or 10), then the eventual total money supply would be even smaller that the original 5 trillion conservative figure.

The key question that I think one has to ask is if you think BTC could possibly trade in the $5,000 dollar range, and then, depending on how you view that, you could move on towards analyzing other coins like MEC (could that coin really survive much less trade at $2,380.96?), or EAC (currently trading between 2 and 3 satoshi – what’s the story there? already ruled out as a potential survivor?), or DGB.

If cryptocurrencies ever do claim their place in the sun, I think a modest 7.5 - 10% or so of developed economies’ real aggregate M2 money supply is a reasonable figure with which to begin eventual baseline valuations.

And don’t forget that the fiats will continue with rampant inflation and that figure of 7.5 - 10% or so will also adjust upwards accordingly as those fiats continue to devalue.

I have to bite my tongue in order not to laugh when I hear people using the inflation word with regards to cryptocurrencies, when in fact it doesn’t even begin to compare with the fiat equivalents, that we should really be comparing with.

And having done that, we’d be able to move on to the next step and ask:

- Why is DOGE valued around 30 times more then EAC when it has more than 7 times the eventual money supply of EAC?
or
- Why is BTC valued around 1 million times more than CGB when it has 21 times the eventual money supply of CGB?

The answer to those questions is what should lead to what I consider to be priority number 1 for DGB at this time. The technical aspects are a done deal, and what we need to do now is gain mass acceptance, starting with the widest possible distributed initial user base as possible. We have a finished product for all intents and purposes (of course, there will be updates, but the core product is not going to change), and it’s time to start marketing and selling it.


http://money.howstuffworks.com/how-much-money-is-in-the-world.htm
http://dollardaze.org/blog/?post_id=00762&cat_id=20
http://en.wikipedia.org/wiki/Money_supply
http://data.worldbank.org/indicator/FM.LBL.MQMY.CN

Everything is relative. Will DGB be scarce? It depends on how astute your comparisons are.

[HR]

It's great to see everyone's enthusiasm about the various different ways of promoting DigiByte. The ideas expressed about how to market to the gaming community are great. Hopefully we'll be able to get things moving forward not only in that area (and start bringing in new additions to the widely distributed network), but also on multiple fronts at the same time (like that of bringing in new investors as well in the form of direct purchased with fiat). The tipping operations and a concerted sustained effort to drive users to DigiByteTalk.com should also be one of our top priorities. Video development sounds exceptionally interesting. Additionally, the new Wiki will be a great way to establish industry standards (starting with which miners can be used with each algo and how to configure them, and then moving on to bigger and better HowTo's) that will eventually be the top Google search result on each subject addressed. That will be BIG!

I won't be around much for the next couple of months since I've got various projects on the burner at the same time and I won't be doing much else other than working, eating and sleeping (and the obligatory social engagements and personal responsibilities, of course).

Sorry that I won't be able to play a more participatory role during this very exciting time (when time allows, I will do an occasional 'drive-by' like my previous post above), and remember, there's no better way to fail than giving up on an idea before starting - no matter how difficult the objective may seem to be.

Go for it! You're playing an important part in the future of DigiByte, and will also be responsible for an important part of its success.

[suchPotato]

Must say that the last error message "MintPal is currently down for urgent bug fixes, and is additionally moving to new management (away from Moopay LTD). A statement will follow shortly." brings some hope back

the fact that they specified "away from Moopay" seepms to imply "these guys screwed up, not us". But anyway I was an idiot for not withdrawing my coins when I could

[HR]

[King117]

You can't get on Mintpal....

How are we supposed to get it out!!?

[Gunther]

Oh man, I really hope Mintpal doesn't give everyone his coins back. That would be HUGE! Any idea how many DGB Mintpal holds?

[Gunther]

DigiByte, are you planning on reducing block reward anytime soon?