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Topic: [ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013 - page 63. (Read 523584 times)

hero member
Activity: 1361
Merit: 506
What panic are you speaking of? It has happened many times before. Deepbit had close to 50% ( I think it even had over 50% before) of the bitcoin network in 2011. There is no economic incentive to do a 51% attack and as I have argued in the DGC thread on the topic, I do not think this is a good chance to promote DGC for obvious reasons.

I'm not sure what obvious reasons your referring to?

Theres alot of stuff in the media about it at the moment and more people now than in the past trading,mining or interested in Bitcoin. Dgc has had numerous unsuccessful forking attempts already unlike other coins suchs as WDC and FTC. Dgc has inbuilt safeguards which Baritus has discussed before.

I don't see why given these reasons and the current big scare talk about a potential 51% attack on Bitcoin its not a perfect time to promote dgc as a strong, safe and promising coin that any wise person should look to invest in for the future??

I may indeed be wrong. Please educate me a bit on these safeguards, and tell if they are anything beyond mere checkpoints? The obvious reasons I'm hinting to are the rather small hashrate that DGC still has. DGC's hashrate was in the hundreds of Mhash/s compared to 114.000 of Mhash/s ltc is protected by. And these hundreds (instead of 100ks!) was just weeks ago, any midsize or even small LTC pool could attempt a 51% attack at any time, unless I am wrong of course. In any case, for a young coin like DGC it would be foolish to go around advertising security in contrast to Bitcoin. If at all, it would promote litecoin first of all. But litecoin is far too manipulated for my taste (extremely!), and profit margins and difficulty are not high enough to attract new time miners/investors. This is where DGC's actual strength lie, next to speed and its awesome community, of course.

Yeah probably better to ask Baritus about those in via PM however I doubt he will go into all the details though. I agree though better to not try and invite people to try and attack your coin but it has survived numerous fork attempts and has a good track record so far. Add to that the slow, steady, solid growth, great upcoming services and the other stuff you mentioned as well Smiley
legendary
Activity: 2716
Merit: 1094
Black Belt Developer
I agree: DGC looks pretty solid compared to most other altcoins, despite the little hashrate.
Thus I suppose the algorythms and the network (and the people behind them) are what make it different.
It also says a lot about how people choose what to mine.
The same I would say for SRC, but I believe it hash a much higher (relative) hashrate.
legendary
Activity: 1526
Merit: 1001
What panic are you speaking of? It has happened many times before. Deepbit had close to 50% ( I think it even had over 50% before) of the bitcoin network in 2011. There is no economic incentive to do a 51% attack and as I have argued in the DGC thread on the topic, I do not think this is a good chance to promote DGC for obvious reasons.

I'm not sure what obvious reasons your referring to?

Theres alot of stuff in the media about it at the moment and more people now than in the past trading,mining or interested in Bitcoin. Dgc has had numerous unsuccessful forking attempts already unlike other coins suchs as WDC and FTC. Dgc has inbuilt safeguards which Baritus has discussed before.

I don't see why given these reasons and the current big scare talk about a potential 51% attack on Bitcoin its not a perfect time to promote dgc as a strong, safe and promising coin that any wise person should look to invest in for the future??

I may indeed be wrong. Please educate me a bit on these safeguards, and tell if they are anything beyond mere checkpoints? The obvious reasons I'm hinting to are the rather small hashrate that DGC still has. DGC's hashrate was in the hundreds of Mhash/s compared to 114.000 of Mhash/s ltc is protected by. And these hundreds (instead of 100ks!) was just weeks ago, any midsize or even small LTC pool could attempt a 51% attack at any time, unless I am wrong of course. In any case, for a young coin like DGC it would be foolish to go around advertising security in contrast to Bitcoin. If at all, it would promote litecoin first of all. But litecoin is far too manipulated for my taste (extremely!), and profit margins and difficulty are not high enough to attract new time miners/investors. This is where DGC's actual strength lie, next to speed and its awesome community, of course.
hero member
Activity: 1361
Merit: 506
What panic are you speaking of? It has happened many times before. Deepbit had close to 50% ( I think it even had over 50% before) of the bitcoin network in 2011. There is no economic incentive to do a 51% attack and as I have argued in the DGC thread on the topic, I do not think this is a good chance to promote DGC for obvious reasons.

Theres alot of stuff in the media about it at the moment and more people now than in the past trading,mining or interested in Bitcoin. Dgc has had numerous unsuccessful forking attempts already unlike other coins suchs as WDC and FTC.

I don't see why given these reasons and the current big scare talk about a potential 51% attack on Bitcoin its not a good time to promote dgc given its good track record so far and promising future.
legendary
Activity: 1526
Merit: 1001
What panic are you speaking of? It has happened many times before. Deepbit had close to 50% ( I think it even had over 50% before) of the bitcoin network in 2011. There is no economic incentive to do a 51% attack and as I have argued in the DGC thread on the topic, I do not think this is a good chance to promote DGC for obvious reasons.
newbie
Activity: 56
Merit: 0
that 51% thing is really interesting, it seems like a bit of a unforeseen flaw

What part of it was unforeseen exactly? It was known since Bitcoin's inception, heck it's in the Introduction of Bitcoin's white paper.
newbie
Activity: 8
Merit: 0
With all this GHash pool bitcoin fork panic would it not be a prime time to promote dgc given its excellent track record in regards to fork attempts and inbuilt checkpoint blocks to protect against this.

http://qz.com/165273/the-existential-threat-to-bitcoin-its-boosters-said-was-impossible-is-now-at-hand/

Would be a great time to promote this and gain alot more investors in DGC who are currently worried about Bitcoin. They may just add dgc to thier portfolio of investment Cryptocoins even if Bitcoin hopefully does not succumb to this problem.

Thoughts??

that 51% thing is really interesting, it seems like a bit of a unforeseen flaw, hopefully something can be done, as bitcoins strength boosts all altcoins, dgc is a solid coin, good support/community and a good name for mainstream adoption, just a shame it doesnt have 1-2 years more of solid mining behind it to strengthen it but that will come in time i think thats the only thing really that can put people off this coin but thats really nothing wrong but thats the only flaw i can see in dgc atm.

hope it does get investment if people started early now they could earn alot of money from riding the dgc climb even if in worst case scenario it comes no where near litecoin but with the proper support and time it could surpass it
hero member
Activity: 1361
Merit: 506
With all this GHash pool bitcoin fork panic would it not be a prime time to promote dgc given its excellent track record in regards to fork attempts and inbuilt checkpoint blocks to protect against this.

http://qz.com/165273/the-existential-threat-to-bitcoin-its-boosters-said-was-impossible-is-now-at-hand/

Would be a great time to promote this and gain alot more investors in DGC who are currently worried about Bitcoin. They may just add dgc to thier portfolio of investment Cryptocoins even if Bitcoin hopefully does not succumb to this problem.

Thoughts??
hero member
Activity: 729
Merit: 502
hero member
Activity: 619
Merit: 501
https://www.massict.com/
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sr. member
Activity: 308
Merit: 250
Still going great!  Smiley
legendary
Activity: 1270
Merit: 1000
sr. member
Activity: 353
Merit: 250
legendary
Activity: 966
Merit: 1052
Is there a pool list? If so could http://tompool.org please be added?

Added at digitalcoin.co.
hero member
Activity: 812
Merit: 1000
Vcx has been really good so far...I've been trading DGC there and at bter.com  Cool
legendary
Activity: 1526
Merit: 1001
If you're having issues at Cryptsy, try out Vircurex for trading DGC.

They pay interest every 6 hours if you keep at least 1 BTC, 100 LTC, or 400 PPC on their page.

In the past, they used to have a referral program that has been discontinued now. However, you can still save on trade fees if you sign up
using an 'old' member's referral id and save up to 10% on your own trading fees.

https://vircurex.com/welcome/index?referral_id=832-1659

Cheers!
sr. member
Activity: 448
Merit: 250
Hey guys,

I updated to the latest client and I'm getting this error:
Anyone have any idea what to do?



Me too.  The hard drive has 30gb free, so the error message makes no sense, there is plenty of free space.  
I deleted the block chain to try to resync, but it won't download.  The debug.log is full of orphaned blocks.  

Any help?

Delete everything but the wallet.dat file from the user/appdata/roaming/dgc folder and launch the DCG wallet.

Got it fixed. Thanks!
sr. member
Activity: 420
Merit: 250
Is there a pool list? If so could http://tompool.org please be added?
full member
Activity: 126
Merit: 100
Come join us:

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Point your miners at:
stratum+tcp://pool-eu.hash.so:1337/
stratum+tcp://pool-us.hash.so:1337/

And switch the coin from the frontend. It's very nice, you will like it Smiley

Pool support thread here: https://bitcointalksearch.org/topic/annpoolmulti-hashso-multicoin-pool-with-easy-coin-switching-40-coins-402076
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