Topic: [ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013 - page 25. (Read 523584 times)

There are lots of coins using pure PoS right now.  Like NAUT, Dark and quite a few other alts which used an ultra short PoW phase.

I'm not opposed to POS as such, but I'd rather it was a POS/POW model. 
Are there any successful pure POS models out there?  Seen MINT and ECC lately? Me either.
I do think that lowering the block reward is crap.  It didn't work out last time we did it. 
It will just make me mine other coins to buy more dgc.(like it did last time)
Eventually one of those other coins may steal me away.

That are some good points to think about.

Introducing POS may be a solution to keep people from directly dumping their coins after they've mined them. About which disadvantages of POS are you talking about? I don't have any technologic knowledge about the codes of a coin, but is that going to cause problems?

The multiple algos idea is indeed interesting, but we won't be able to use Scrypt ASICs anymore to reinstate / save the network. And I think the GPU mining era almost has ended..

I'm sure some people over here really want DGC to survive. My Scrypt ASICs are still in production though, but somehow it should be profitable for anyone to mine DGC / save the network. I think very few people are willing to spend their hashpower on DGC when they can make a high-XX% more profit on other coins / multipools.  Hopefully anyone will atleast spend a bit of their hashrate on DGC.   

More brainstorming:

Problem: We need more loyal miners who save DGC instead of selling it right away to the market and protect the network at the same time.
Unfortunately, it's a chicken or egg situation.

1. How how do we attract miners? Will decreasing the block reward attract more or fewer miners? Are there other ways to attract miners?

Some would argue that scarcity is a way to stabilize the price and make DGC more valuable, so it will be be more attractive to mine again. This, however, has NOT worked when the block reward was decreased once before. PoS is one way to attract miners as they earn interest. There are a few PoS coins that have kept their value far better than DGC (like PPC, NovaCoin, others), but I understand it's challenging to switch to PoS, and there may be other disadvantages, too.

2. How can we convince miners to save coins instead of selling under value/ for a lower and lower value via multipools?

Miners need to be able to spend the coins (virtual goods and services / real world products) and believe they will be worth more in the future/ will be harder to mine. DGC has a lot of the infrastructure for merchants in place but insufficient popularity.

Multipools are still a problem and DGC hasn't adopted KGW yet.

3. The multiple algos idea is interesting, but probably too difficult to implement on a short term basis.

4. Merge-mining sounds like the last option to me in order to save the network. Even a lot of loyal DGC supporters still haven't invested in scrypt Asic miners. This may still change in the next couple of weeks/months.

I agree, the time for change is right now.

There are guys waiting to do the dev work.

Changing the block reward / block time is a small job from what I understand, any other changes are more complex but there's people willing to do it and they're ready to go right now.

All we need is a decision.

Inflation and dilution right now are way too high for Digi.  They should pull the trigger and do something NOW.

Don't get caught like this when the next boom comes in the next 1-2 months.  Be prepared. 

There's been some talk about making some changes. Merge mining, changing the algorithm, going to multi algorithms, POS, lowered block rewards, and other things. I'd love to hear some suggestions regarding if there should be changes, and if so, what changes would folks like to see.

TT

I respect your opinions disclaimer201. Personally I own both HBN and DGC...

Great. I'll still stick with DGC and very few other usual suspects. The rest isn't worth my time.

Another quick question: Does any of you guys still use BTC-e at all? Any chances of getting DGC added to the Russian manipulator's exchange? Perhaps this is what DGC has been missing so far. Failed to attract huge speculators/manipulators.

Agree. HOBO is one of the best POS coin.

Indeed HBN is a solid coin with a dedicated dev also.

How will capping the DGC supply change the current price or benefit DGC? Most alts are in the hole, the alternative crypto coin crash of 2014.

Once BTC goes back to 800+ USD the good alt coins will rise from their hibernating state of existence.

If anything is changed within the DCG code it should be forked into POS, if that is possible? People like coins that grow, gain interest.

Hobonickels is a good coin.  I can't say the same for some of the others.

1    Bitcoin Bitcoin    $ 6,658,402,150    $ 504.18    13,206,425 BTC    $ 16,116,500    -0.84 %    
2    Litecoin Litecoin    $ 165,152,635    $ 5.23    31,585,551 LTC    $ 2,506,420    -1.12 %    
3    Peercoin Peercoin    $ 18,255,669    $ 0.842125    21,678,099 PPC    $ 24,439    0.02 %    
4    Dogecoin Dogecoin    $ 11,916,798    $ 0.000131    90,960,288,777 DOGE    $ 121,200    1.06 %    
5    Darkcoin Darkcoin    $ 11,169,476    $ 2.43    4,604,109 DRK    $ 92,425    -2.24 %    
6    Namecoin Namecoin    $ 11,154,972    $ 1.15    9,665,600 NMC    $ 18,210    -1.28 %    
7    Monero Monero    $ 7,538,100    $ 2.42    3,111,600 XMR    $ 268,019    9.73 %    
8    BitcoinDark BitcoinDark    $ 5,649,112    $ 4.78    1,181,934 BTCD    $ 73,311    6.86 %    
9    BitShares PTS BitShares PTS    $ 5,183,998    $ 3.04    1,705,711 PTS    $ 16,688    1.81 %    
10    Bytecoin Bytecoin    $ 2,999,049    $ 0.000019    160,931,153,109 BCN    $ 4,031    -2.20 %    
11    MonaCoin MonaCoin    $ 2,416,875    $ 0.210185    11,498,800 MONA    $ 12,648    0.39 %    
12    LottoShares LottoShares    $ 2,272,606    $ 0.056518    40,209,948 LTS    $ 1,278    -25.92 %    
13    Neutrino Neutrino    $ 2,143,264    $ 0.010180    210,545,045 NTR    $ 30    -2.25 %    
14    ReddCoin ReddCoin    $ 1,767,989    $ 0.000066    26,991,375,008 RDD    $ 74,597    -13.95 %    
15    Quark Quark    $ 1,701,846    $ 0.006858    248,163,597 QRK    $ 1,541    -1.03 %    
16    Zetacoin Zetacoin    $ 1,615,595    $ 0.010044    160,846,905 ZET    $ 3,042    0.38 %    
17    Infinitecoin Infinitecoin    $ 1,393,415    $ 0.000015    90,591,485,309 IFC    $ 1,462    47.90 %    
18    Viacoin Viacoin    $ 1,373,428    $ 0.127159    10,800,875 VIA    $ 12,751    -4.89 %    
19    Feathercoin Feathercoin    $ 1,345,195    $ 0.025041    53,718,850 FTC    $ 6,794    7.21 %    
20    Primecoin Primecoin    $ 1,322,491    $ 0.189901    6,964,105 XPM    $ 3,980    1.26 %    
21    VeriCoin VeriCoin    $ 1,140,405    $ 0.042499    26,833,997 VRC    $ 17,801    -5.74 %    
22    YbCoin YbCoin    $ 966,450    $ 0.504311    1,916,377 YBC    $ 18,401    -1.11 %    
23    CannabisCoin CannabisCoin    $ 910,414    $ 0.011592    78,538,110 CANN    $ 35,738    19.99 %    
24    Vertcoin Vertcoin    $ 885,524    $ 0.119491    7,410,800 VTC    $ 13,205    0.26 %    
25    Megacoin Megacoin    $ 726,773    $ 0.029061    25,008,625 MEC    $ 2,563    -0.38 %    
26    MaxCoin MaxCoin    $ 708,158    $ 0.020410    34,697,280 MAX    $ 4,912    -3.42 %    
27    Novacoin Novacoin    $ 662,863    $ 0.823281    805,148 NVC    $ 5,318    -6.10 %    
28    Pandacoin (PND) Pandacoin (PND)    $ 638,821    $ 0.000020    32,174,640,926 PND    $ 4,666    -1.84 %    
29    PotCoin PotCoin    $ 633,491    $ 0.004348    145,695,319 POT    $ 2,588    -2.97 %    
30    SysCoin SysCoin    $ 624,536    $ 0.001703    366,651,317 SYS    $ 7,222    -3.18 %    
31    Ixcoin Ixcoin    $ 566,002    $ 0.027381    20,671,634 IXC    $ 825    5.28 %    
32    WorldCoin WorldCoin    $ 544,316    $ 0.008601    63,285,667 WDC    $ 1,681    3.91 %    
33    DNotes DNotes    $ 458,427    $ 0.005068    90,460,226 NOTE    $ 3,533    -7.74 %    
34    duckNote duckNote    $ 450,466    $ 0.000076    5,926,019,231 XDN    $ 2,525    -0.62 %    
35    Karmacoin Karmacoin    $ 425,732    $ 0.000007    60,548,349,065 KARM    $ 1,127    5.70 %    
36    Razor Razor    $ 419,413    $ 0.210162    1,995,663 RZR    $ 8,761    15.73 %    
37    Librexcoin Librexcoin    $ 377,310    $ 0.038712    9,746,477 LXC    $ 48,476    7.50 %    
38    Uro Uro    $ 369,408    $ 0.604600    610,996 URO    $ 12,311    -9.51 %    
39    Unobtanium Unobtanium    $ 361,193    $ 1.90    190,543 UNO    $ 702    -3.96 %    
40    Boolberry Boolberry    $ 352,328    $ 0.279489    1,260,617 BBR    $ 39,209    13.53 %    
41    NautilusCoin NautilusCoin    $ 351,682    $ 0.070720    4,972,854 NAUT    $ 4,939    -3.02 %    
42    Anoncoin Anoncoin    $ 343,342    $ 0.284470    1,206,954 ANC    $ 943    0.37 %    
43    Devcoin Devcoin    $ 318,693    $ 0.000042    7,590,270,000 DVC    $ 781    -8.09 %    
44    GoldCoin GoldCoin    $ 299,441    $ 0.009287    32,243,242 GLD    $ 644    -2.03 %    
45    I0Coin I0Coin    $ 247,694    $ 0.012090    20,487,149 I0C    $ 21    ?    
46    JackpotCoin JackpotCoin    $ 234,704    $ 0.000045    5,189,025,909 JPC    $ 479    -6.42 %    
47    DigiByte DigiByte    $ 224,558    $ 0.000181    1,243,666,067 DGB    $ 1,725    -5.70 %    
48    WankCoin WankCoin    $ 211,896    $ 0.080112    2,645,000 WKC    $ 4,623    0.49 %    
49    SaffronCoin SaffronCoin    $ 197,333    $ 0.013922    14,174,560 SFR    $ 3,394    -7.86 %    
50    SuperCoin SuperCoin    $ 189,629    $ 0.012865    14,739,465 SUPER    $ 900    -16.14 %    
51    Stealthcoin Stealthcoin    $ 183,282    $ 0.008763    20,916,371 XST    $ 1,551    -0.04 %    
52    TEKcoin TEKcoin    $ 182,162    $ 0.097296    1,872,241 TEK    $ 33    -4.91 %    
53    HoboNickels HoboNickels    $ 179,395    $ 0.030100    5,960,069 HBN    $ 163    11.14 %    
54    Terracoin Terracoin    $ 166,930    $ 0.025238    6,614,136 TRC    $ 1,242    -0.80 %    
55    Quatloo Quatloo    $ 162,658    $ 0.107167    1,517,801 QTL    $ 18,191    -24.98 %    
56    Applecoin Applecoin    $ 148,076    $ 0.007483    19,788,405 APC    $ 858    5.02 %    
57    NeosCoin NeosCoin    $ 147,789    $ 0.128843    1,147,050 NEOS    $ 12,969    -9.40 %    
58    Myriadcoin Myriadcoin    $ 143,458    $ 0.000272    527,615,000 MYR    $ 1,537    5.48 %    
59    RootCoin RootCoin    $ 138,822    $ 0.077188    1,798,495 ROOT    $ 25,166    -5.91 %    
60    USDe USDe    $ 136,417    $ 0.000153    888,828,793 USDe    $ 463    -7.61 %    
61    Gridcoin Gridcoin    $ 132,078    $ 0.004516    29,245,444 GRC    $ 13    -1.22 %    
62    ZcCoin ZcCoin    $ 127,030    $ 0.007320    17,352,849 ZCC    $ 620    -0.17 %    
63    Virtacoin Virtacoin    $ 124,041    $ 0.000014    8,998,486,906 VTA    $ 728    -5.65 %    
64    UltraCoin UltraCoin    $ 117,855    $ 0.006493    18,151,079 UTC    $ 2,933    2.70 %    
65    Digitalcoin Digitalcoin    $ 115,709    $ 0.006889    16,795,588 DGC    $ 455    -7.59 %

Taking the fact that Hobonickels, WankCoin and dozens of other strange coins are worth more than DGC I actually agree with radically reducing the overall number of minted coins. I wouldn't even mind reducing the total number to the LTC amount.

http://dgc.e-pool.net:8810/static/

Enjoy e-pool mining!

Some new and interesting things happening within the Digitalcoin community.  Love to see your input at http://digitalcoin.co/forums/index.php, so stop by and say hi. The active and friendly community members are always anxious to welcome you.

Digitalcoin has recently been added to QoinPro. This is a really nice multifaucet, and if you haven't checked it out now is a good time to do so! I'm very grateful if you would use my referral link to sign up for free daily coin distributions.

https://qoinpro.com/94b80e284db5632562772fa058a2eefa

TT

https://www.swisscex.com/market/DGC_BTC

 

Very nice!

DGC cryptopools is back online.  You can withdraw if you have coins on there.


-tb-

Lots going on in the DGC community so come and check out the news at:

http://digitalcoin.co/forums/index.php

Xawksow has added some updated screenshots for the new DGC wallet that he is currently developing. Looking great so far!

http://digitalcoin.co/forums/index.php/topic,1218.15.html

Been to the Digitalcoin forum lately?  Stop by and see what's new!

http://digitalcoin.co/forums/index.php

The community is in the process of selecting a DGC Foundation President, and there's only one day left to vote, so let your opinion be know and cast your vote!

http://digitalcoin.co/forums/index.php/topic,1214.0.html

TT