Topic: [DGC] The DigitalCoin Foundation to take on future DigitalCoin Development (Read 4985 times)

The purpose of our decision for multi-algo is to allow people to use hardware that is otherwise be a good doorstep now that ASICs exist. Scrypt will still exist.

Lots of different ideas were kicked around. We are fortunate to have had Ahmed consult, because frankly we we going in circles until he stepped in.

Development and testing is in progress, and nobody is trying to keep any secrets, but at the same time nobody wants to step out on a limb and say what will be happening until things are a bit more solid.

As it stands we're extremely excited about changes to the main code plus a new feature or two, changes to the main wallet, updates to secondary wallets, and some new businesses on the horizon.

There is still a lot of work to be done, so don't get impatient, but Digitalcoin will be making some serious progress in the not to distant future.

TT

Yep i would think so

Thanks very much spoet i appreciate it. Really its all fine its nothing private anyways i do want to know though what you mean about the pool that samson posted.

And yes i definitely know what you mean about the algo change. No serious coin would do that since it's just going to cripple it.

Ahmed

ok well that don't sound as bad as just changing to X11 or something LOL

good luck with that Ahmed sorry i don't reply to your PM too eh..
i would rather talk publicly for everyone's benefit though, unless it's something people consider private

i just hope you seen what i meant about that Algo change concern.. any time i hear about that coming i cringe !

Haha

Spoet i think you're misunderstanding brother. I'm not that stupid. You dont really think i'd even consider letting everyone go through with something like that since im the one coding it did you?. We're turning multialgorithm.

3 x Algorithms consisting of sha256, scrypt and x11. Each algorithm has an independent diff based on the rate of blocks being found based off the average of the last 10 blocks and 20 minutes(Using DigiShield retargeting system) to ensure that we have an average  block time of 40 seconds.

Each block has an block reward of 5 coins reducing the current inflation by a 1/3.

Ahmed

Ahmed please reconsider letting these guys change the hashing algo !

i have no dog in this race but it just seems to me that is what is planned and a VERY BAD IDEA !

changing it from Scrypt specifically to any other Algo would be colossally unfair.
think about it..
Scrypt Asic's exist and have for a while now..
So if it was now some mix of other algo's like Quark's algo etc it would now be unfair to current new miners.

And it's kind a funny i just seen DigitalIndustry asking "HOW DO I MINE THIS COIN"
THEN,
I seen some foundation member pretty much saying that was the plan.. how did DigitalIndustry maybe know ? coincidence ?

Once a coin is scypt (and big and old enough) you just can't go and change the algo..
Imagine if Litecoin was now all of a sudden with no warning changed the LTC devs to be X13.

and by the way i really hate the X11 or X13 branding gay bullshit..
taking 12 different hashing algo's and forcing them together is not a smart revolution to crypto and it does not need a catchy name lol
it's all just name brand bullshit to lure in fanboys so they have something to latch onto and promote.

As far as im aware the forum is being passed over still (although we do have constant backups of the db so we can move elsewhere). None of the coin related stuff has been passed over that i currently am in need of such as github account's (or repo's), alert key's etc.

Ahmed

nope. sent an appeal to theymos but no reply yet

Have the mods said how long the ban is for?

everything been passed over.. related web sites / domains etc ?

@BCX

The silence from is due to my main acount being banned for some reason. I wanted to not post under this account so as to not confuse people but alas that wasnt possible.

I can confirm myself that al the changes described i am working on. Infact we already have a testnet and a private main-net which has the essentials of the V3 code running at the moment.

Baritus is not working on the DGC code and will not for the forseeable future. He has stated his intentions of not longer wanting to work on DGC, ARG or SRC and so i intend to take over as part of the foundation and making the changes which we're never possible.
If any member of the community has any reasonable changes that they want making then please send me a message here, on IRC or on github and if at all possible a pull request too.

Ahmed

I am a member of the Foundation.  I was not, nor was I even involved in Digitalcoin, when the scandal was in full swing. Likewise I own no shares in cryptoave, which some view as the latest baritus debacle. Since I have been involved I have worked hard, along with others, to pull Digitalcoin out of a tailspin.

There are some who share your thoughts Vlad2Vlad, and oddly enough, some who are disappointed in baritus for resigning.  Personal feelings aside, the most important thing the Digitalcoin Foundation can do right now is work on a clean transition and bring some value back to folks like you who still hold DGC.

You have my personal guarantee that there is nothing going on behind the scenes (that I'm aware of at least) to keep baritus involved in decisions or development beyond this transition. I would not make a statement like that in front of this crowd unless it was the truth. Likewise, we cannot prevent anyone from owning DGC or working on projects that include DGC, so please don't view the absence of a witch hunt as any sort of endorsement. On the other hand, I encourage folks like you and BCX to remain vigilant and keep us honest, but would really find more value in opinions on the future direction of Digitalcoin, especially now during this transition.

TT

Something like this although this is a basic and crude example : http://www.proofofexistence.com

With many more bytes available third party signatures and public keys for verifying could be used as well.

We're still talking about the data in the blockchain thing at the moment, how to handle fees, data sizes, etc.

What's timestamping?

It's all change now, sit back and watch the other Scrypt only coins turn to shit due to the ASIC mine and dump mentality.

DGC is taking active steps to tackle this problem.

We're also making changes which will enable protocols like coloured coins, timestamping, etc to function on top of the DGC blockchain. Instead of discouraging this kind of thing we're planning on embracing it to encourage further development and acceptance.

Its a shame i really loved this coin and i rode it up to .70 cents and then down to .03 cents. The day that guy stole the coins and dumped them on cryptsy really gave this coin a black eye. 

Baritus quit as the coin dev and the coin is being massively redeveloped by someone else now.

I suspect he probably still holds plenty of DGC, hence the 'join us', of course anyone can be part of the DGC community.

The quote below hints that Baritus is still somehow involved because he concludes it by saying "Join Us".

BCX, lets not go down this route again please, Baritus has gone as a Dev and he ain't coming back.

There has been a lack of publicly posted information since Baritus resigned, I'm going to set that right in this post.

Personally I favoured an immediate announcement when Baritus resigned but waited for an official notice from the DGC foundation.

This official notice didn't come so here's my version of it :

Baritus resigned with zero notice last week, he dumped the DGC. ARG and SRC projects to concentrate on the CryptoAve software.

A few days after resigning as coin dev Baritus announced that CryptoAve will close as an operating exchange and will in the future after further development work be available for licensing as a turnkey exchange package for anyone who wants to open a Crypto exchange of their own.

Ahmed has taken over coin development and has been doing some great work modernising the coin.

You can't get more blunt than that. Baritus still exists as a holder and perhaps as a miner but he's no longer participating in coin development. It's up to anyone who's left to make any changes deemed necessary now.

This is where things started to change. Late last month Baritus proposed some changes in this thread on our forum :

http://digitalcoin.co/forums/index.php/topic,1243.0.html

After some initial replies to the above post he then disappeared from the forum for about a week, mentioned something about not having time to develop the coin. Then he resigned.

The new changes since Baritus has left are going to be as follows :

"Of the technical changes being discussed, all agreed to pursue a multi algorithm system with three algorithms - scrypt,  sha256, and x11."

" It was finally agreed to stay with 40 second per algorithm block rate, and a 5 DGC per algorithm block reward.  Ahmed will adjust the initial difficulties before launch."

"Ahmed will be doing most of this work, and everything will be implemented in a testnet so that all changes can be thoroughly tested before release. "

Testing is ongoing on testnet at the moment.

There are also going to be changes to the way the difficulty is calculated although I'm not familiar with them.

As for Baritus, I haven't seen him around much since his resignation apart from the time he came back to announce the closure of CryptoAve.

From the CryptoAve thread on our forum :

http://digitalcoin.co/forums/index.php/topic,1262.0.html

"CryptoAve.Com will cease to operate as an exchange on September 15th, 9:00 PM GMT. Please withdraw all your coins and make any share trades before then. "

DGC will go on without Baritus I'm sure in a positive way now that the Digitalcoin Foundation has taken over control. I agree Ahmed is a good guy who has been a long time supporter of DGC and is doing some great work.

We would welcome Vlad on board as I have said before he has made some very good calls in the past about the big jump in Bitcoin price when everyone else including myself laughed and also in calling the rise on DGC last year. I'd encourage you guys to drop into Digitalcoin IRC on Freenode and help provide some ideas on how to improve Digitalcoin.