[ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013 - page 115.

jbmiller10

full member

Activity: 134

Merit: 100

Quote from: techbytes on July 25, 2013, 04:21:54 PM

Quote from: baritus on July 25, 2013, 03:04:31 PM

Quote from: theBee2112 on July 25, 2013, 02:43:29 PM

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it.

The rate might be too high and require an adjustment down.

Speaking of which it is time for a more serious fund raising effort to take DGC to the next level. This time around, the goal is to raise 25,000 DGC. Baritus will tell the community how he plans to use the donated funds. To get the ball rolling, I will start the fund raising effort with 5000 DGC. So we are 20% of the way to our goal. Grin

Get your wallet out and be ready to give what you can. There will be an announcement in a separate post. Let us know if you have any questions or concerns regarding this fund raising effort.

Thanks,

-tb-

Sent 500 via the IRC Wallet, will send more once that thread is posted!

DGC had no premine at all, and thus Baritus relies exclusively on your donations to pay for DGC related services and fund future development. Think of it as an investment in Digitalcoin's future!

broken_pixel

hero member

Activity: 770

Merit: 500

I support DGC fully & I don't even have a huge amounts of DGC, plus DGC has secret sauce & will live a full happy digital life.

People say that rarity equals value. It is the services, continued support by the developer and innovation that determines the value of digital currency.

techbytes

legendary

Activity: 1694

Merit: 1054

Point. Click. Blockchain

Quote from: baritus on July 25, 2013, 03:04:31 PM

Quote from: theBee2112 on July 25, 2013, 02:43:29 PM

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it.

The rate might be too high and require an adjustment down.

Speaking of which it is time for a more serious fund raising effort to take DGC to the next level. This time around, the goal is to raise 25,000 DGC. Baritus will tell the community how he plans to use the donated funds. To get the ball rolling, I will start the fund raising effort with 5000 DGC. So we are 20% of the way to our goal. Grin

Get your wallet out and be ready to give what you can. There will be an announcement in a separate post. Let us know if you have any questions or concerns regarding this fund raising effort.

Thanks,

-tb-

krasnyoktyabr

full member

Activity: 140

Merit: 100

Quote from: mr_random on July 25, 2013, 03:26:48 PM

History will not look back kindly at digitalcoin if the dev arbitrarily decides to reduce the block reward to increase scarcity and please investors.

I completely agree. It's already happening with WDC.

I'll be really disappointed if DGC follows suit.

smscotten

full member

Activity: 140

Merit: 100

Whatever happened with the schwag eg the USB flash stick? How about stickers and the like?

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: baritus on July 25, 2013, 03:04:31 PM

Quote from: theBee2112 on July 25, 2013, 02:43:29 PM

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it.

The rate might be too high and require an adjustment down.

History will not look back kindly at digitalcoin if the dev arbitrarily decides to reduce the block reward to increase scarcity and please investors.

baritus

legendary

Activity: 966

Merit: 1052

Quote from: theBee2112 on July 25, 2013, 02:43:29 PM

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

I'm working on it.

The rate might be too high and require an adjustment down.

theBee2112

newbie

Activity: 56

Merit: 0

I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.

It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?

krasnyoktyabr

full member

Activity: 140

Merit: 100

Quote from: samson on July 23, 2013, 09:56:00 PM

Quote from: krasnyoktyabr on July 23, 2013, 09:52:44 PM

Yep, just something that is going to happen now and again. Just like the nights when we wake up to find BTC down 50%. Growing pains and dumps are going to happen, but the long-term trends are definitely to the upside.

It's clearly overvalued based on the BTCe hype from weeks ago.

I expect more dumping as people exit their positions. As soon as the price makes any recovery they will dump.

I'm beginning to wonder if 80,000+ new coins per day is too many.

It was overvalued at 0.0008, but the fact that people were speculating it to reach BTC-e says a lot about the community's interest in DGC. I don't think that the 80,000 is too many. I think it encourages a lot of people to mine because they can generate a large holding in a short period of time, but it is a dumping risk. The difficulty adjustment seems to work very well, which keeps the profitability and hashrate up.

The price should stabilize as more coins go into circulation. We're still seeing significant inflation each day since this is still a new coin. We'll just have to wait and see. I'd rather not see DGC change the way that WDC is trying to.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: krasnyoktyabr on July 23, 2013, 09:52:44 PM

Yep, just something that is going to happen now and again. Just like the nights when we wake up to find BTC down 50%. Growing pains and dumps are going to happen, but the long-term trends are definitely to the upside.

It's clearly overvalued based on the BTCe hype from weeks ago.

I expect more dumping as people exit their positions. As soon as the price makes any recovery they will dump.

I'm beginning to wonder if 80,000+ new coins per day is too many.

krasnyoktyabr

full member

Activity: 140

Merit: 100

Quote from: jbmiller10 on July 22, 2013, 07:51:09 PM

Quote from: Online24o0n on July 21, 2013, 08:07:29 PM

Dumped all my DGC, DGC is dying fast now, PXC is the way to go, rising well above DGC

Hardly. DGC is still a good bit above its long term support level, and has a pretty damn healthy long term upward growth trend. DGC's current price looks like a pretty normal market correction.
Oh, and even at this low it still has a market cap 50% greater than that of PXC.

Yep, just something that is going to happen now and again. Just like the nights when we wake up to find BTC down 50%. Growing pains and dumps are going to happen, but the long-term trends are definitely to the upside.

jbmiller10

full member

Activity: 134

Merit: 100

Quote from: Online24o0n on July 21, 2013, 08:07:29 PM

Dumped all my DGC, DGC is dying fast now, PXC is the way to go, rising well above DGC

Hardly. DGC is still a good bit above its long term support level, and has a pretty damn healthy long term upward growth trend. DGC's current price looks like a pretty normal market correction.
Oh, and even at this low it still has a market cap 50% greater than that of PXC.

Sondey10mg

sr. member

Activity: 308

Merit: 250

Quote from: Online24o0n on July 21, 2013, 08:07:29 PM

Dumped all my DGC, DGC is dying fast now, PXC is the way to go, rising well above DGC

One of the most stupid replies on this forum.. PXC proved nothing so far but incompetence, same price, lower volume.

GWhisper

full member

Activity: 120

Merit: 100

I've been trying to transfer 5000 DGC to Cryptsy for the past couple of days and constantly getting "Error: Transaction creation failed."

I've previously transferred multiples of 5000 DGC without issue. Any ideas?

Edit.... I'm able to transfer small amounts, however it appears the fee charged for the transaction is completely random, example 1000DGC first attempt 5.90DGC fee, clicked cancel and tried again 3.30DGC, tried again 1.80DGC, tried again 5.50 DGC - what the hell is going on - is this a joke, with shit like this going on I'm considering moving my miners back to LTC.

erk

hero member

Activity: 826

Merit: 500

Quote from: Online24o0n on July 21, 2013, 08:07:29 PM

Dumped all my DGC, DGC is dying fast now, PXC is the way to go, rising well above DGC

Why? DGC has a similar price but over 50% more trade volume on Cryptsy even in spite of the PXC pump and dump that been going on for the last hour or so.

Online24o0n

member

Activity: 98

Merit: 10

"Ignorance never settles a question."

Dumped all my DGC, DGC is dying fast now, PXC is the way to go, rising well above DGC

erk

hero member

Activity: 826

Merit: 500

Quote from: tagged on July 21, 2013, 07:21:20 PM

What is with this price drop on DGC? Great buy, but wonder if I am missing something?!

DGC had a bit of a price rise just before July 10th. when BTC-e was officially deleting CNC from their exchange. There was speculation that they might replace CNC with DGC, so many people started accumulating DGC. However, as it turns out, BTC-e haven't replaced CNC with anything yet, so people are now getting rid of the DGC they had speculatively accumulated.

Lloydimiller4

full member

Activity: 186

Merit: 100

Monero

Quote from: tagged on July 21, 2013, 07:21:20 PM

What is with this price drop on DGC? Great buy, but wonder if I am missing something?!

Not missing anything, just a 'sale' for DGC currently Cheesy

tagged

sr. member

Activity: 406

Merit: 251

What is with this price drop on DGC? Great buy, but wonder if I am missing something?!

baritus

legendary

Activity: 966

Merit: 1052

It's most likely a P2Pool that's creating those. You can see on the 0.1 blocks that they are being 'mined' to multiple addresses.

Topic: [ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013 - page 115. (Read 523666 times)