Pages:
Author

Topic: [DGC] Digitalcoin 3.0 | Multi-algorithm, Improved Blockchain Storage | RELEASED! - page 28. (Read 85689 times)

hero member
Activity: 729
Merit: 502
hero member
Activity: 729
Merit: 502
Figure I'll repost my analysis of DGC that got locked a few months ago, original thread here: https://bitcointalksearch.org/topic/digitalcoindgc-discussion-info-thread-organic-growth-since-may-2013-800481

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:

(as of 9/28/14)

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
sr. member
Activity: 473
Merit: 250

There's this thread here that lists most services accepting DGC, it's very out of date though.

https://forum.digitalcoin.co/threads/1526-Master-list-of-services-accepting-DGC-post-yours-in-here!?highlight=services+accepting

It's up to date now Tongue

http://wiki.digitalcoin.co/index.php/Where_to_spend_digitalcoin

I think there are more sites that accept DGC that can be added like https://www.pexpeppers.com (which I highly recommend by the way).

In any case, thanks for updating that SimonTower!

TT

We had many lists and it's hard to collect the working ones. Thanks.

Updated with Pexpeppers and Dr. Pecks Bees.
hero member
Activity: 500
Merit: 501
http://digitalcoin.org/

There's this thread here that lists most services accepting DGC, it's very out of date though.

https://forum.digitalcoin.co/threads/1526-Master-list-of-services-accepting-DGC-post-yours-in-here!?highlight=services+accepting

It's up to date now Tongue

http://wiki.digitalcoin.co/index.php/Where_to_spend_digitalcoin

I think there are more sites that accept DGC that can be added like https://www.pexpeppers.com (which I highly recommend by the way).

In any case, thanks for updating that SimonTower!

TT
sr. member
Activity: 473
Merit: 250
sr. member
Activity: 473
Merit: 250
This V3 wallet is perfectly accurate. Avg seconds between blocks:


So if I send a transaction I can be sure it's fully confirmed within 5 minutes (6x40 seconds). Really unique.  Wink
legendary
Activity: 3570
Merit: 1126
Heya

Just FYI that we're mining DGC on our multipool: www.xpool.ca and miners have the option to keep their DGC when it gets mined just by entering your DGC address in your user settings.

Cheers!
hero member
Activity: 500
Merit: 501
http://digitalcoin.org/
Thanks. Done that but not getting any yays in my output. Is this normal?

Join to our IRC channel. Much easier to help in live contact. Wink

#digitalcoin

https://kiwiirc.com/client/irc.freenode.net/#digitalcoin

TT
sr. member
Activity: 473
Merit: 250
Thanks. Done that but not getting any yays in my output. Is this normal?

Join to our IRC channel. Much easier to help in live contact. Wink
sr. member
Activity: 437
Merit: 250
Thanks. Done that but not getting any yays in my output. Is this normal?
sr. member
Activity: 473
Merit: 250
How do I solo mine this using ccminer with x11 algo?

thanks

Like any other coin but you need to add "algo=x11" to digitalcoin.conf.
sr. member
Activity: 437
Merit: 250
How do I solo mine this using ccminer with x11 algo?

thanks
legendary
Activity: 1694
Merit: 1054
Point. Click. Blockchain

Quote
foundation email in the OP is broken.
What email is broken?

Contact link under "Development" section?  It goes to Foundation homepage.

-tb-
hero member
Activity: 553
Merit: 500
Solo Miner Legend
+5 EXP

It's Kenel time!!! Friday the 13th. Tongue
newbie
Activity: 21
Merit: 0
That "Dub" wallet was created by ShimalH not by baritus.
Anyway you can try to use my java wallet I've created as both are based on the same library.

https://forum.digitalcoin.co/threads/1641-DeJa-W-Update-to-DGC-v3
member
Activity: 75
Merit: 10
So I have an old Wallet that I had in a light client called Dub that was created by Baritus when he was the dev, I haven't touched this in a while, but upon syncing, it appears it will not sync past Dec 5th or so. I'm assuming this is when a hardfork occurred.

Does anyone know of a way around this or another client I can put this wallet into? I'm unable to find any newer versions of Dub or any real info at all on it, but assume it has been abandoned.
legendary
Activity: 2424
Merit: 1148
Two great new services for Digitalcoin are open!

The new online marketplace Noobie.io is now live.  It supports Bitcoin and more importantly ....Digitalcoin! They have new vendors coming on board all the time.

https://noobie.io

Crypto Cloud Hosting now supports Digitalcoin.

https://cryptocloudhosting.org/

Smiley


Please check them out and support them if you are interested in helping Digitalcoin grow.

Cheers.




I didn't know about Cryptocloud. It's awesome.
Two great new services for Digitalcoin are open!

The new online marketplace Noobie.io is now live.  It supports Bitcoin and more importantly ....Digitalcoin! They have new vendors coming on board all the time.

https://noobie.io

Crypto Cloud Hosting now supports Digitalcoin.

https://cryptocloudhosting.org/

Smiley


Please check them out and support them if you are interested in helping Digitalcoin grow.

Cheers.




I didn't know about Cryptocloud. It's awesome.

Started up a account at Crypto Cloud Hosting.  Was quick and painless,  and there are lots of nice features. Very reasonably priced also.

Noobie.io is going to be fantastic!

TT

Glad you guys like Crypto Cloud Hosting, any problems/queries let me know.
hero member
Activity: 500
Merit: 501
http://digitalcoin.org/
Two great new services for Digitalcoin are open!

The new online marketplace Noobie.io is now live.  It supports Bitcoin and more importantly ....Digitalcoin! They have new vendors coming on board all the time.

https://noobie.io

Crypto Cloud Hosting now supports Digitalcoin.

https://cryptocloudhosting.org/

Smiley


Please check them out and support them if you are interested in helping Digitalcoin grow.

Cheers.




I didn't know about Cryptocloud. It's awesome.

Started up a account at Crypto Cloud Hosting.  Was quick and painless,  and there are lots of nice features. Very reasonably priced also.

Noobie.io is going to be fantastic!

TT
Pages:
Jump to: