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

[rossr1]

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

nice to see you are community focused

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[24hralttrade]

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

nice to see you are community focused

I think / hope it's a typo

[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?

nice to see you are community focused

I think / hope it's a typo

No, I really hope the coins are lost. That's really good for the value of the coin. Less supply = higher value.

[24hralttrade]

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

nice to see you are community focused

I think / hope it's a typo

No, I really hope the coins are lost. That's really good for the value of the coin. Less supply = higher value.

Well, it's not good. that few million that's on mintpal wont affect any.

[ycagel]

Looks to be pretty big news!

Lawsky: Bitcoin Developers and Miners Exempt from BitLicense

Nermin Hajdarbegovic | Published on October 15, 2014 at 13:41 BST   

Developers, miners and individuals using bitcoin will generally not be regulated by the impending ‘BitLicense’ proposals, according to Benjamin Lawsky, superintendent of the New York Department Financial Services (NYDFS).

Speaking at the Benjamin N Cardozo School of Law, New York, Lawsky clarified that many individuals and companies working within the bitcoin space will not need regulatory approval or a BitLicense to operate in New York State.

“We are regulating financial intermediaries. We are not regulating software development,” he said, adding:

    “To clarify, we do not intend to regulate software or software development. For example, a software developer who creates and provides wallet software to customers for their own use will not need a license. Those who are innovating and developing the latest platforms for digital currencies will not need a license.”

However, Lawsky stressed that companies involved in safeguarding customers’ money will not be exempt. “We do not, for example, let someone run a bank out of their garage,” he said.
Banking and tech ‘collide’

According to Lawsky, the banking industry and the tech industry are starting to “collide” and create new challenges for regulators.

The NYDFS was forced to operated with money transmitter regulations drafted at a time when there was no Internet or cryptocurrencies, he said, explaining that the department has an obligation to license and regulate such companies.

On a positive note, Lawsky said the NYDFS quickly recognised the potential of block-chain technology:

     “As we began looking at bitcoin last year and getting deeper into it, we began to see the power of the technology that underlies it.”

The technology has the potential to provide cheaper fees and remittances, he said.

New York residents who send money abroad usually pay fees of 8-9%, while digital currencies could operate with fees of about 1%, Lawsky pointed out. Digital currencies do not require people to disclose their credit card information and offer faster transactions, he added.
Lawsky clarifies provisions

The NYDFS started working on the first controversial BitLicense drafts following the fall of Mt Gox, earlier this year, said Lawsky.

The comment period for the original proposal was extended following requests from industry leaders. The revised proposal will take those comments into account and, once published, a new comment period for the revised regulation will begin.

He made it clear that the NYDFS does not intend to request more than once license for digital currency businesses and, in most cases, they will not have to obtain money transmitter licenses. Like developers, individual bitcoin users will not be affected by the regulation.

Lawsky went on to dismiss a number of criticisms of the original proposal as unsubstantiated, saying they were the result of misunderstandings.

One complaint alleged that banks would not have to comply with the new regulatory framework, but that is only true if banks do not choose do deal in digital currencies, he explained.
Regulation with benefits

Lawsky also addressed speculation regarding the department’s position on bitcoin mining:

    “Mining per se will not be regulated. To the extent the miner engages in other virtual currency activities, however – for example, hosting wallets or exchanging virtual currency – a license may be required for those activities. For mining itself, there will be no license requirement.”

The NYDFS will also try to keep compliance costs down, he said, thus allowing startups to thrive.

In his speech, Lawsky conceded that some companies may choose to operate from unregulated jurisdictions to avoid the state’s regulatory requirements, but if they chose to do so, such companies may end up sacrificing competitiveness.

He explained:

    “Our hope is that companies recognize, or at least some of them do, that appropriate, effective regulation will help create a race, not to the bottom, but to the top; that it will foster greater confidence and trust from both customers and investors who want to do businesses committed to customer protection. That will spur a cycle of greater adoption of virtual currencies.”

It is possible to innovate, play by the rules and make a profit at the same time, he concluded.

Source: http://www.coindesk.com/lawsky-bitcoin-developers-miners-exempt-bitlicense/

[halinyo]

Guys, I really insist we get DGB to Bter.com ASAP.

I am thinking to send an email to admin@mail.bter.com, support@mail.bter.com, and also you can submit a request as well: http://support.bter.com/hc/en-us/requests/new

How about something like this if we all submit it to above given emails and request tab on bter ?

"Dear Bter Staff,

We would like you to have a look at our website for DigiByte: http://digibyte.co and see our on-going works on developing DGB and taking it to the next level.

We are a well-maintained and organized DGB community, where you can view it from: https://bitcointalk.org/index.php?topic=408268.0 (656 pages at the time). We have had a lot of requests for adding DGB to your exchange. I hope to see your approval for adding DGB to BTER, which will give your exchange a boost as well as our development team and the community.

You can see here that we have been mentioned on CNBC, one of the highly watched TV in the US and maybe internationally: http://digibyte.co/news-press-releases

Please also see what our future plans for DGB: http://digibyte.co/digi-roadmap

We are now in the multi-algo mining phase which were released recently, allowing many people to mine DGB and use it for exploiting the block chain technology.

Again, I hope we will get your approval for adding DGB to BTER.

Wishing you a great day.

Warmest Regards,"

[rossr1]

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

nice to see you are community focused

I think / hope it's a typo

No, I really hope the coins are lost. That's really good for the value of the coin. Less supply = higher value.

Well, it's not good. that few million that's on mintpal wont affect any.

I can see your very simplistic view that  a lesser supply means the potential of higher value,  however if the 2 million I have mined the last couple of months are indeed lost on mintpal. Then rest assured I won't bother to invest further resources on dgb, which in the wider view would be a shame for digibyte overall, particularly if others who have dgb lost on mintpal feel the same.  Good luck.

[ASchmitt]

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

nice to see you are community focused

I think / hope it's a typo

No, I really hope the coins are lost. That's really good for the value of the coin. Less supply = higher value.

Well, it's not good. that few million that's on mintpal wont affect any.

I can see your very simplistic view that  a lesser supply means the potential of higher value,  however if the 2 million I have mined the last couple of months are indeed lost on mintpal. Then rest assured I won't bother to invest further resources on dgb, which in the wider view would be a shame for digibyte overall, particularly if others who have dgb lost on mintpal feel the same.  Good luck.

Coin value comes from stake holders not from supply. I don't think Gunther thought that one through.

[Gunther]

I was just trolling. But the fact of the matter is, that there are way too many DGB at the moment. Miner pressure is fucking high. I'm a bit frustrated about that.
I know you guys thought about the supply, but 21B is too much imo. Or you gotta do block reward /10. VIA has many coins too, but pressure is low because of this.

[rossr1]

I was just trolling. But the fact of the matter is, that there are way too many DGB at the moment. Miner pressure is fucking high. I'm a bit frustrated about that.
I know you guys thought about the supply, but 21B is too much imo. Or you gotta do block reward /10. VIA has many coins too, but pressure is low because of this.

Why would you get yourself involved with a coin that has fundamentals you don't agree with?

[Gunther]

I was just trolling. But the fact of the matter is, that there are way too many DGB at the moment. Miner pressure is fucking high. I'm a bit frustrated about that.
I know you guys thought about the supply, but 21B is too much imo. Or you gotta do block reward /10. VIA has many coins too, but pressure is low because of this.

Why would you get yourself involved with a coin that has fundamentals you don't agree with?

I didn't agree with that higher block reward, now did I?

[ycagel]

Halinyo,
 I think this a great idea. Getting on BTER.com and BTC38.com would provide DGB huge exposure in the Asian markets. Do we have any additional contacts we can resort to in order to get this done?

YC

Guys, I really insist we get DGB to Bter.com ASAP.

I am thinking to send an email to admin@mail.bter.com, support@mail.bter.com, and also you can submit a request as well: http://support.bter.com/hc/en-us/requests/new

How about something like this if we all submit it to above given emails and request tab on bter ?

"Dear Bter Staff,

We would like you to have a look at our website for DigiByte: http://digibyte.co and see our on-going works on developing DGB and taking it to the next level.

We are a well-maintained and organized DGB community, where you can view it from: https://bitcointalk.org/index.php?topic=408268.0 (656 pages at the time). We have had a lot of requests for adding DGB to your exchange. I hope to see your approval for adding DGB to BTER, which will give your exchange a boost as well as our development team and the community.

You can see here that we have been mentioned on CNBC, one of the highly watched TV in the US and maybe internationally: http://digibyte.co/news-press-releases

Please also see what our future plans for DGB: http://digibyte.co/digi-roadmap

We are now in the multi-algo mining phase which were released recently, allowing many people to mine DGB and use it for exploiting the block chain technology.

Again, I hope we will get your approval for adding DGB to BTER.

Wishing you a great day.

Warmest Regards,"

[halinyo]

Halinyo,
 I think this a great idea. Getting on BTER.com and BTC38.com would provide DGB huge exposure in the Asian markets. Do we have any additional contacts we can resort to in order to get this done?

YC

Guys, I really insist we get DGB to Bter.com ASAP.

I am thinking to send an email to admin@mail.bter.com, support@mail.bter.com, and also you can submit a request as well: http://support.bter.com/hc/en-us/requests/new

How about something like this if we all submit it to above given emails and request tab on bter ?

"Dear Bter Staff,

We would like you to have a look at our website for DigiByte: http://digibyte.co and see our on-going works on developing DGB and taking it to the next level.

We are a well-maintained and organized DGB community, where you can view it from: https://bitcointalk.org/index.php?topic=408268.0 (656 pages at the time). We have had a lot of requests for adding DGB to your exchange. I hope to see your approval for adding DGB to BTER, which will give your exchange a boost as well as our development team and the community.

You can see here that we have been mentioned on CNBC, one of the highly watched TV in the US and maybe internationally: http://digibyte.co/news-press-releases

Please also see what our future plans for DGB: http://digibyte.co/digi-roadmap

We are now in the multi-algo mining phase which were released recently, allowing many people to mine DGB and use it for exploiting the block chain technology.

Again, I hope we will get your approval for adding DGB to BTER.

Wishing you a great day.

Warmest Regards,"

It is all I can find on BTER but did not check BTC38. May you get the BTC38 one and make an announcement with all the contact details and this template or an improved one ?
Thanks.

[Vlad2Vlad]

I was just trolling. But the fact of the matter is, that there are way too many DGB at the moment. Miner pressure is fucking high. I'm a bit frustrated about that.
I know you guys thought about the supply, but 21B is too much imo. Or you gotta do block reward /10. VIA has many coins too, but pressure is low because of this.

The DGB devs obviously don't understand basic economics.

Who cares if there are 80 trillion dollars in circulation.  Look at the crypto Eco system, massive oversupply and then they go and double the already massive inflation rate.

It's almost like the devs are purposely trying to kill the DGB price.  Either that or their incompetence is great.


Currency value [PRICE]  =  Transaction Volume/Velocity + 1/Supply

Look at that - you cut the supply which leads to a higher value.  Unless you think you can more easily control the other variables; which is infinitely more difficult and costly.

This Economics 101 lesson is free of charge.

Sold 80% of my DGB on the sheer lack of basic understanding here.

[Gunther]

Jared, what is your point of view on that one? I/we really feel that inflation is killing the coin. Way too much selling pressure from miners.
VIA has huge supply as well, but barely any pressure from miners.

[ycagel]

Interesting points to stay away from when trying to create a reputable alt.

How to invest in altcoins without losing everything
by William Suberg @ 2014-10-15 03:40 PM


Cryptocurrency world looks like a New York’s exchange in old movies. A giant room filled with screaming people. Even experienced users who are involved with crypto long enough find it hard to navigate through all this information. Pretty much any new cryptocurrency can be a time bomb - there is no way to predict its exchange rate or find out how committed its developers are, let alone figuring out if there are any backdoors in the code.

So the question is: is it worth investing your resources in these cryptocurrencies?

Miners and traders are the primary players on this oversaturated market and in most cases also are the early adopters and the first missioners of a currency. They create buzz about the cryptocurrency which leads to increase of its hashrate and exchange rate. Miners and traders have vested interest in popularization of the currency therefore spreading the word and attracting new users for them is crucial.           

Some of these people are hawks looking to skim off easy profits; others are in it for the long run aspiring to become coin millionaires in a few years. Whatever the case, all these people are in need of reliable information which they are trying to find on specialized forums.

Tech-savvy con artists have long since figured out the ways to scam unsuspecting users and are also well aware of these forums. Not bringing in anything new they use functioning out-of-the-box solutions to lure their victims under the pretense of launching a unique cryptocurrency. Open source is a cornerstone of any given coin and that’s why the original technology can be easily replicated and put to use with marginal costs.

Scammers are usually great at finding out new trends. Oftentimes, while average Bitcointalk user is just getting to know a new technology, they are already busy kicking off a new fork. New coins are being launched every day and over 50% of them are a scam.

The best defense against a virus infection is a timely vaccination. Listed below are common signs of a fraud:

    Hasty launch. If the coin is launched within a week or less of the announcement - it’s a clear sign of a scam. Sometimes scammers would launch the coin along with the announcement thereby greatly reducing the time users usually need for familiarizing themselves with the code or finding out who the developer was. The best example of scam coin launch is DafuqCoin that contained rootkit malware in its code. Users careless enough to jump on the bandwagon got scammed even before they had the chance to explore the source code.
    Announcement thread started by a newbie-user status. For obvious reasons if someone is engaged in a fraud he wouldn’t want his real name linked to it. Alternatively, boosting a fake account to the senior level takes a lot of time. Nevertheless if someone who’s just launched a new coin holds a Senior, Hero or even Legendary account status it doesn’t mean you can trust him. Trading of such accounts is a common thing among Bitcointalk users.
    A look-alike fork. Coin mills are constantly setting up delicious baits to ensure bigger profits. Normally forks are virtually indistinguishable from the original. Knowing that their currency hasn’t got that long to live scammers avoid investing real money in its development. The coin which only purpose is to get listed on an exchange for subsequent pump-n-dump differs only in name and some subtle specifications that can be tweaked in two minutes straight (for example, block generation time).
     Simple one-page website. If a new coin is complimented by an official website it significantly increases its trustworthiness in the eyes of the users. However making such a website takes a little time and effort.
     Getting listed on Exchanges as soon as possible. Scam-coin developers do not publish a roadmap and have a very shallow understanding of the technology. Using sock-puppet accounts they encourage community to vote for a coin to be added on exchanges. The majority of these cryptocurrencies will not survive past the first pump-n-dump cycle. There are just a few exchanges who keep their doors open for these kinds of coins.
    PoS coin, especially with an IPO. It’s really hard to understand why people buy into these dicey ventures. Some coins do not even make it to the launch and no one gets their money back.

Darkcoin exploited by Coin Mills / Coin Mill and PoW

While Darkcoin source code had been partially restricted, community engaged in a heated debate about its “true anonymity” and whether it was instamined. The squabble didn’t go unnoticed and within a short period of time some insightful con artists released a “DRK based” coin.

After the first success absolutely identical coins started to spread like mushrooms after a fresh spring rain - x11, x13, x15, Xn coins. All of them were announced as PoW/PoS hybrids. The creator of X11Coin has gone missing 4 days after the launch with the huge premine which he successfully dumped on the first day of trading.

Developer of the FlashCoin deleted all IPO related data as soon as he had gathered 5 BTC.  Shortly after getting listed on Bittrex exchange he sold his coins for about 4000 satoshis and disappeared.

One can still find BurnerCoin trade history:



Furthermore, 2 coins from each mined block (during the PoW phase) went to the “developer” through the build-in script embedded in the source code.

Sometimes it seems that people themselves want to be deceived:

There are more coins that are worth having a look at:

    OPEC
    DiceCoin 
    MACDcoin
    HardCider 

Apart from unambiguous scam techniques, all these coins share two common traits: their source code is always placed on the same file sharing system and they don’t have Linux binaries.

The average costs for carrying out a scam is negligible while the profits exceed 20 BTC (~10,000$). One coin that is worth mentioning in particular is AsiaCoin. Duping users into following this coin has resulted in 300 BTC (~160,000$) in profits for scammers.
Coin Mill exploits the notion of anonymity

Looking to capitalize on the ever-so-valued anonymous transactions feature, Coin Mills couldn’t help but notice CryptoNote. This technology has one key quality; it provides fully anonymous transactions along with un-traceability for the users who make them.

The anonymous transactions feature is in high demand among crypto-anarchists. With different levels of success it has been implemented in a number of cryptocurrencies. Since CryptoNote is open source software, it didn’t take long for coin mills to figure out how to make it serve their own selfish ends. That’s how CN forks were born:

    Fantomcoin
    Infinium-8
    ASAPcoin
    Lebix
    MonetaVerde
    Mountcoin

All these coins used same file sharing service; their announcement threads looked alike stressing the slogans such as 'only CPU mining' and ' ASIC resistance.' Also most of their devs used “newbie” accounts. Obviously, all of these coins were short-lived and their creators disappeared with the ill-earned money.         
AsiaCoin disguises itself to hide its Coin Mill origin

At first glance, the scheme was a no-brainer - newbie account, PoW/PoS etc. Still, the idea of a “continental” coin gained a lot of attention.

The coin got listed on major exchanges such as Cryptsy and Mintpal and had been traded for a while with ~2000 satoshi price.

AsiaCoin price

For quite some time nobody had been able to notice a hidden 3 billion coins premine (“developers” did quite a job on this). The premine exceeded the number of issued coins three-fold.

One can only wonder why users who had gotten involved with the coin early kept encouraging other people to invest in AsiaCoin even when the scam was revealed. The answer turns out to be very simple; they got too much of investments in and wanted a no-loss way out.

But because of the inferior code, the coin became the victim of successful 51% and double-spend attacks. Eventually AsiaCoin was delisted from all major exchanges leaving the users with nothing but losses.
Conclusion

Scammers never miss out on opportunities to cash in on prominent technologies and ideas. They exploit someone else’s fame and make money on people’s gullibility. In order to pull that off they act under the pretense of state of the art currency. These charlatans employ the names of well-known projects without making any improvements in the source code, it’s too costly. Their real goal is to create an illusion and get people to believe in it.

One should likewise not rely upon the honesty of exchange owners. Even a major exchange won’t save you from scammers. Exchanges accept any coin they want and simply wipe them out once the pump-n-dump is over. It’s their business. Have you ever seen any kind of criteria for a coin to be listed on an exchange? They are nonexistent.

We must transition from the Wild West market into a civilized one. And now, seeing that the Altcoin hype has cooled down, it should be easier to achieve since the number of paper chasers should gone down as well. Be cautious and trade safely.

Finally, not every pump-n-dump coin is planned as a scam from the beginning. Sometimes developers who are trying to create a “new Bitcoin” tend to overestimate their capabilities or lose interest in their project as it progresses. And that’s when they come to the conclusion that it is time to cash out and move on to a new project. From the public’s perspective this kind of coin will look like a typical pump&dump despite the fact that developers have planned otherwise.

Source: http://cointelegraph.com/news/112738/how-to-invest-in-altcoins-without-losing-everything

[Kayahoga]

I was just trolling. But the fact of the matter is, that there are way too many DGB at the moment. Miner pressure is fucking high. I'm a bit frustrated about that.
I know you guys thought about the supply, but 21B is too much imo. Or you gotta do block reward /10. VIA has many coins too, but pressure is low because of this.

The DGB devs obviously don't understand basic economics.

Who cares if there are 80 trillion dollars in circulation.  Look at the crypto Eco system, massive oversupply and then they go and double the already massive inflation rate.

It's almost like the devs are purposely trying to kill the DGB price.  Either that or their incompetence is great.


Currency value [PRICE]  =  Transaction Volume/Velocity + 1/Supply

Look at that - you cut the supply which leads to a higher value.  Unless you think you can more easily control the other variables; which is infinitely more difficult and costly.

This Economics 101 lesson is free of charge.

Sold 80% of my DGB on the sheer lack of basic understanding here.

The miners secure the network, if you reduce their reward then they have no reason to process the transaction and continue to push the block chain along.  I cant think of a single coin that has reduced their coin supply and has continued to do well long term.  Sure, tons of people have pushed for it and some devs have caved to the idea and look where the coins are now.  Hows maxcoin doing?   Changing the supply only hurt the confidence in the coin. 

I am in favor to returning the supply so that new coins will be generated for the next 30 years instead of 15.  This essentially is fixing an issue that was created by the multi algo switch and returning it to its original goal.  However, reducing the supply of coins to try and keep miners from dumping is not a good idea in my opinion, the same miners are going to continue to dump.  If you want to keep the miners from dumping you need to give them a reason to keep them by increasing demand.  Miners still have to pay their electricity bills...

[ycagel]

Kayahoga,
 Spot on!

YC

I was just trolling. But the fact of the matter is, that there are way too many DGB at the moment. Miner pressure is fucking high. I'm a bit frustrated about that.
I know you guys thought about the supply, but 21B is too much imo. Or you gotta do block reward /10. VIA has many coins too, but pressure is low because of this.

The DGB devs obviously don't understand basic economics.

Who cares if there are 80 trillion dollars in circulation.  Look at the crypto Eco system, massive oversupply and then they go and double the already massive inflation rate.

It's almost like the devs are purposely trying to kill the DGB price.  Either that or their incompetence is great.


Currency value [PRICE]  =  Transaction Volume/Velocity + 1/Supply

Look at that - you cut the supply which leads to a higher value.  Unless you think you can more easily control the other variables; which is infinitely more difficult and costly.

This Economics 101 lesson is free of charge.

Sold 80% of my DGB on the sheer lack of basic understanding here.

The miners secure the network, if you reduce their reward then they have no reason to process the transaction and continue to push the block chain along.  I cant think of a single coin that has reduced their coin supply and has continued to do well long term.  Sure, tons of people have pushed for it and some devs have caved to the idea and look where the coins are now.  Hows maxcoin doing?   Changing the supply only hurt the confidence in the coin. 

I am in favor to returning the supply so that new coins will be generated for the next 30 years instead of 15.  This essentially is fixing an issue that was created by the multi algo switch and returning it to its original goal.  However, reducing the supply of coins to try and keep miners from dumping is not a good idea in my opinion, the same miners are going to continue to dump.  If you want to keep the miners from dumping you need to give them a reason to keep them by increasing demand.  Miners still have to pay their electricity bills...

[Vlad2Vlad]

The miners secure the network, if you reduce their reward then they have no reason to process the transaction and continue to push the block chain along.  I cant think of a single coin that has reduced their coin supply and has continued to do well long term.  

It shows how little you know.

So you need billions of coins to accomplish this goal?  lol, ever hear of supply and demand equilibrium?

According to your logic all coins lacking billions of ShitCoins should have been abandoned by miners.  

Can you name a few coins off the top of your head with less than 1 billion coins which has no such issues?

That's right, when you drop the supply the price will jump when demand picks up and the miners will still be paid.  

And you can't think of any coins that cut the supply which succeeded "long term"?  lol, again.

How about DarkCoin, that's doing pretty well.  How about nautilus coin?  CasinoCoin?  SmartCoin? MAXCoin?  StartCoin (which just went up 1,500%)?

That's just off the top of my head.  And they're doing much better than the constantly collapsing DGB, even the stagnant CasinoCoin.

Let techies mess with currencies and this is what you get.  

[Vlad2Vlad]

As for pushing the chain along.

You could kill PoW right here and go to 10% PoS and still push that chain along just fine.

Do you need me to list off a dozen coins which are outperforming DGB which have done just that?

Most of you guys are supposed techies and you've been here a long time yet you guys have no clue how any of this stuff works. No wonder there's so many broken down and dying ShitCoins.


The sad part about DGB is the fact that it has a lot potential.  But the massive inflation and dilution is literally killing the coin.  Real investors will run away from a 21 BILLION bloated crypto.  They'll go buy the peso if they wanna lose all their money.