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Author Topic: ★ Digitalcoin(DGC) Discussion & Info thread - Organic Growth since May 2013! ★  (Read 9406 times)
cosmoo
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September 28, 2014, 12:16:49 AM
 #1

Digitalcoin (DGC) is a scrypt based coin launched May 2013 by developer Baritus. It has since been adopted by the community who keep the client updated in accordance with the ever-changing environment afflicting crypto. DGC had an open, stable launch with no premine/instamine, with PoW rewards properly scaled to keep things fair for everyone. Currently, the price behind DGC is an accurate reflection of the amount of interest vested in it.


This thread is for general discussion of Digitalcoin. Please help us gain rapport for DGC while we organize goals the community should work towards. Post your thoughts, opinions, ideas, whatever it is you think will help DGC become more prominent within the crypto scene!

What makes DGC so special?
(Note, this is the opinion of cosmoo only, please criticize me if you disagree)
To put it bluntly, DGC has only ever experienced honest, organic growth in network, userbase, and market. There has never been any behind-the-scenes manipulation by the creators or even (apparently, to me) 3rd party whales; at this point coins are distributed enough that anyone looking to control DGC (as most instamined Proof-of-Stake coins are) would have to invest significant time and money, with a poor chance at succeeding. This is sloppy analyzing but take a look at the data provided by the CryptoID block parser (the ! breaks the link, copy+paste it into your browser):

https://chainz.cryptoid.info/dgc/#!rich
Look at the green portion of the pie chart, that represents the amount of DGC in circulation that belong to all addresses under the top 1,000. This is effectively how 'healthy' the distribution of the coin is; more coins in more hands = fairer distribution = more accurate market price. Also note that there are 50k addresses with DGC in them, which shows how far DGC has spread among people. Now, lets take a look at an ongoing pump-n-dump coin, VeriCoin:

https://chainz.cryptoid.info/vrc/#!rich
You'll see that the green portion of their chart accounts for only 0.6% of the coins in circulation, with only around 6k addresses created. With so many coins in so few hands it's easy for whales to dominate the market. As long as they can hold a solid majority of the coins they can buy the price up along with hype (ie the coin gets a new 'feature' or whatever) and sell into it, then pick off large buy orders as they appear at the inflated price. This isn't investing, it's gambling, there are no solid fundamentals here and unless you're the whale behind the coin you will be left in the dark as to what's really happening with the market.

Next, lets take a look at what I think to be a dying pump-n-dump, DarkCoin.

https://chainz.cryptoid.info/drk/#!rich
The green portion of their pie chart is much bigger, why? Because it's already 'spent' as far as the pump-n-dump process goes. DRK has been at an inflated price for so long the original, consolidated coin supply has leaked beyond whale's abilities to reclaim it. 21.5% of the current supply, in 30,000 different addresses. If a market manipulator is interested in pushing the price up, they'll have to recollect the DRK in all those addresses. Without the rampant manipulation that pumped the price up so high in the first place, DRK is doomed to deflate over the next few years. Perhaps if those 30k people abandon it the chance of getting re-pumped increases, however it seems to me whales have already taken their profit and moved on to another coin.

The final point that reveals this whole scheme is the relation between the number of coins in circulation and the market capitalization.  Check it out:

VeriCoin:
Coins Outstanding: 26,865,297
Market Cap: $1,397,839
Total # of addresses: 5618

DarkCoin:
Coins Outstanding: 4,688,976
Market Cap: $13,505,041
compared to other altcoins this is ridiculous, do you seriously believe there's $13m backing DRK?
Total # of addresses: 30819

digitalcoin:
Coins Oustanding: 17,224,561
Market Cap: $208,553
Total # of addresses: 50304

Now which coin do you think will be a better investment in the long run? It's plain ludicrous for a coin that experiences instant volatility to be lauded as a trustworthy alternative to Bitcoin, unless losing money is your thing. DGC recently floored at 1500 satoshis. Nowhere to go but up from here Grin

For anyone interested in learning more about how coins and their markets are manipulated, this article does a great job explaining it: http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#the_difference_between_the_early_adopters_of_bitcoin_and_the_new_alts

Now get involved and help us grow!
As it stands DGC can go anywhere, we're just waiting for you. Here's what the community is up to now:

Current Events:
  • Digitalcoin is being updated to include Multi-Algo hashing using SHA256, Scrypt, and X11. Rewards will also be reduced by 66%. Read the ANN (link above) for more details.
  • Foundation president kenel will be representing DGC at the Hashers United conference in Las Vegas!

Promotional Assistance:
  • Bump this thread and help us reach out to the Bitcointalk audience!
  • Tip DGC on reddit utilizing our custom tip bot provided by /u/ThinkThrough

Topics to debate:
  • Is merge-mining an acceptable method to retain respectable hashrate?
    - Pros: Would bolster the network strength enough to be taken seriously by major payment processors such as PayPal.
    - Cons: Would effectively 'lock' us into the opinions of all the ASIC owners in the world, making it harder to push an update to the client.
  • What is the ideal mint rate for DGC? How many coins should be released every month?
  • Thoughts on Proof-of-Stake? Note: PoW rewards WILL be kept for as long as possible, as it's the best way to ensure fairness in coin distribution.

This thread will get updated over time as the community consolidates, so please join in and let us hear your thoughts!
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cosmoo
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September 28, 2014, 12:17:25 AM
 #2

Here is a compilation of services that have begun accepting Digitalcoin. If you know of any post them in this thread and I'll add them to the list, be sure to include a 1-2 sentence description to make it easier to categorize.

Any suggestions on how this list should be formed are welcome, right now I'm simply putting the link with a simple description of services, could add logos and whatnot if this gets popular.

-- Payment Services --

https://www.coinpayments.net/supported-coins
Been around a long time, quite reputable. Need help integrating crypto into your business? Contact these guys!

-- Gift Cards, Airtime, Scratchcards --

http://cryfter.com/
Wide selection of gift card codes including Amazon, fast food chains, mobile phone airtime, MMO subscriptions, and more. Prompt delivery, good reviews.

-- Webhosting --

http://briehost.com/
Domain registry and VPS services, well liked with good reviews.

http://ceuservers.net/
Physical servers for rent.

http://in-disguise.com/
VPN services, check out their thread on these forums.

https://www.simrai.com/
VPS services, specifically for gaming and voicechat.

-- Misc --

http://coinverted.com/shop/
Decent selection of goods, including higher-end electronics, gift cards, and some precious metals.

http://btcpipeshop.com/
Small selection of exotic carved pipes.

http://www.cryptosextoys.com/
Sex toys for crypto! Reputable store that's been around for quite some time.

http://byodpc.com/
Pre-built desktops guaranteed not to suck! Also sells unlocked smartphones, run by user DGCbread on these forums.

http://ablogaboutnothinginparticular.com/?product_cat=security-defense
Security & Defense goods, run by user commandrix, check this thread.

-- Faucets --

http://multifaucet.tk/index.php?faucet=DGC
Free .05 DGC every day.

https://qoinpro.com/
Sign up to receive a bundle of free cryptocurrencies daily.
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September 28, 2014, 12:18:49 AM
 #3

Mining Pools

Pushpool
PoolerRangers
  - Official DGCF pool
The Blocks Factory
CryptoPools
P2pool
Xpool

Digitalcoin Nodes

Quote
Nodes will be updated with wallet release
addnode=54.208.77.156:7999
addnode=184.175.17.23:51670
addnode=218.186.33.201:52094
addnode=190.77.216.173:55213
addnode=72.223.10.73:63654
addnode=seed1.nocsoft.de:7999
For more nodes click here.
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September 28, 2014, 12:47:18 AM
 #4

Thanks for this thread.

There will be a fund raising effort for the foundation where there will be matching donations up to 100k DGC.  Stay tuned...


-tb-

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September 28, 2014, 01:01:39 PM
 #5

Cool new thread! DGC price holding nicely at the moment and some good projects and development in progress including the upcoming V3 update which includes multi-algorithm support.

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cosmoo
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September 28, 2014, 01:48:34 PM
 #6

Still full of hope about this shitcoin ? What will be the new goals of this coin anyway ?

I posted about it in the OP, DGC is going to be updated to a multi-algo scheme as introduced by MyriadCoin (testing on that is already completed), and rewards will be reduced by 66% to help reduce sell pressure and bring interest to our market. A member of the DGC community is also interested in using the op_return function in Bitcoin as a timestamping service, the challenge with that is figuring out a way to keep the function open to everybody without having assholes bloat our chain with nonsense. We could also debate whether or not merge-mining/Proof-of-Stake are things to work towards. Our efforts are for the long-term prosperity of DGC, not quick profit grabs, though most of the loyal followers/developers were buying DGC at 1500 satoshis Smiley

Could you explain to me how DGC is a shitcoin?
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September 29, 2014, 11:56:49 AM
 #7

Still full of hope about this shitcoin ? What will be the new goals of this coin anyway ?
Could you explain to me how DGC is a shitcoin?

Do we really need an explanation? Our goal of building the economic value of Digitalcoin is pretty simple, and not dissimilar from the goal of most currencies. These questions should be posted in about 300 other threads, but they are really kind of inappropriate here.

TT
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September 29, 2014, 11:59:30 AM
 #8

Organic growth Roll Eyes
Just looked at the charts on cryptsy and it shows anything but growth. Just dying every week as the price goes lower and lower.



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September 29, 2014, 12:17:07 PM
 #9

Organic growth Roll Eyes
Just looked at the charts on cryptsy and it shows anything but growth. Just dying every week as the price goes lower and lower.

Are we looking at the same charts?

http://imgur.com/CCkwcFy

Digitalcoin has suffered tremendously, but since the takeover by the DGC Foundation, it's been coming back nicely, and this is just the beginning of its long road back.

TT
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September 29, 2014, 12:21:10 PM
 #10

Organic growth Roll Eyes
Just looked at the charts on cryptsy and it shows anything but growth. Just dying every week as the price goes lower and lower.

nope, we floored off at 1500 sats. say what you want but our market cap isn't dipping below $100k, at the very least the people in the community are going to be buying it. lowering the rewards in our next update will pretty much solidify this against future swings in BTC. we're trying to advertise DGC as much as possible before we do so people will have a chance to mine for the current reward.

i'll admit i have no idea what to call it, 'organic growth' seemed appropriate given how frankenstien pump-n-dump alts are. Honest coins that aren't ICO/Instamine/Insta-PoS garbage are making a comeback.

Also Tsquared, DGC hasn't really suffered any more than most altcoins that hadn't purposefully manipulated their price from the start.
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September 29, 2014, 04:31:25 PM
 #11

Thanks for posting this cosmo. Seems some people may need a re-education initiative to rid themselves of previous biases toward Digitalcoin. Exciting things coming our way.

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CRYPTONITY










The Crypto Community Exchange
▐▐ █ █ █ █ ██ ██  Public Sale 1  Starts: Nov 1, 2018
A comprehensive “Cryptosystem”
Security & Insurance
A Community centric trading platform
|
Whitepaper   Telegram   ANN Thread
Twitter    |▌   Discord   ▐|    Facebook
Reddit  ●●⚫  Medium  ⚫●●  LinkedIn
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September 29, 2014, 05:18:32 PM
 #12

Thanks for posting this cosmo. Seems some people may need a re-education initiative to rid themselves of previous biases toward Digitalcoin. Exciting things coming our way.

Nowhere to go but up after Baritus crashed it to the ground...then through the bedrock...then downward through a few copper mines...then past the crust and into the magma.  Now maybe it has passed beyond the Earths' center and can come out the other side...
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September 29, 2014, 06:30:03 PM
 #13

all's looking good, i hope dgc can carry on being one of my favourites Smiley

(i was the member formerly known as Kruncha, but some twat hacked me) - 2fa i say

K.
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September 29, 2014, 11:52:34 PM
 #14

Thanks for posting this cosmo. Seems some people may need a re-education initiative to rid themselves of previous biases toward Digitalcoin. Exciting things coming our way.

Nowhere to go but up after Baritus crashed it to the ground...then through the bedrock...then downward through a few copper mines...then past the crust and into the magma.  Now maybe it has passed beyond the Earths' center and can come out the other side...

Are you saying we actually successfully dug a hole to China?

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CRYPTONITY










The Crypto Community Exchange
▐▐ █ █ █ █ ██ ██  Public Sale 1  Starts: Nov 1, 2018
A comprehensive “Cryptosystem”
Security & Insurance
A Community centric trading platform
|
Whitepaper   Telegram   ANN Thread
Twitter    |▌   Discord   ▐|    Facebook
Reddit  ●●⚫  Medium  ⚫●●  LinkedIn
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September 29, 2014, 11:56:49 PM
 #15

Digitalcoin went to the low 0.00001's and has been low enough for quite a while which allowed alot of people to pickup some DGC extremely cheap. It has now almost tripled in value and has been holding quite nicely around 0.00003 BTC.

We are building a very strong foundation and community and with these upcoming updates and projects its all looking alot more positive. Really looking forward to seeing where we can take Digitalcoin with this resurgence. Interesting times ahead.  Smiley

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techbytes
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September 30, 2014, 12:11:10 AM
 #16

Thanks for posting this cosmo. Seems some people may need a re-education initiative to rid themselves of previous biases toward Digitalcoin. Exciting things coming our way.

Nowhere to go but up after Baritus crashed it to the ground...then through the bedrock...then downward through a few copper mines...then past the crust and into the magma.  Now maybe it has passed beyond the Earths' center and can come out the other side...

Are you saying we actually successfully dug a hole to China?

Considering most of DGC volume is on btc38, I would say yes...   Grin


-tb-

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September 30, 2014, 05:27:01 AM
 #17



I saw this earlier today and it reminded of Baritus and DGC.

~BCX~


http://youtu.be/M15U22bWeas?t=31s

Who plays what character?

Also someone is Wesley Snipes?

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September 30, 2014, 01:30:56 PM
 #18

why do you even bother with this obvious scam coin?

pick any out of the 10000000000 other coins and go with that instead..

dead coin is dead.
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September 30, 2014, 03:28:39 PM
 #19

baritus is still around and offers to help out, he just can't be public anymore because of the shit he gets for being honest.


Interesting, as this is different from what the DGC Foundation was saying a couple of weeks ago.

So DGC is admitting that Baritus is still around but the DGC Foundation is simply trying to hide that fact by misdirection.


All Baritus had to do to put the whole issue to rest was simply post the the public addresses of the "stolen" wallet.

He refused because he knows that if he post the address from his account he can no longer deny that was the correct address.

Baritus sold those coins for about $30,000 and if he post the addresses, it will be proven.



DGC will never recover from "Baritus" till he publicly post the address or the DGC Foundation openly renounce and disassociate themselves from him entirely.



~BCX~


Baritus has gone and has nothing to do with the DGC foundation.

I suspect he will never do anything you ask him to because he considers you a troll so don't count on ever getting a reply from Baritus.

What's your involvement / continued interest in DGC anyway ?
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September 30, 2014, 04:37:40 PM
 #20

So DGC is admitting that Baritus is still around but the DGC Foundation is simply trying to hide that fact by misdirection.

I've invited you on several occasions to see what's going on for yourself in our IRC chat as well as our DGC forum.

Should you have actually taken me up on those offers, which are still valid, you'd realize you're segmenting a single sentence from an entire thought and twisting it for whatever agenda you have in mind (which I still haven't figured out yet completely). 

John Stewart does this quite often, but he actually makes me laugh (despite him and I having opposite political views).

Maybe one day we'll share a beer and laugh about this, but until then, the offer is still valid....see for yourself.

DGC is doing a lot of exciting things with the help of ahmed, xawksow, samson, and all of our foundation members and community.

In fact we'll be testing out the new Windows QT this week/next week, and should wrap up development of DGC3.0 shortly after HashersUnited (which I also invited you to -- ahmed, tsquared, and myself will all be there).

I'm from Chicago where actions speak louder than words, so....on this specific subject....I guess you'll just have to...wait and see.

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