Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1157. (Read 3059029 times)

LOL 10 sats per DGB.....looks like another karm or Panda set up for me..time to cut & run from yet another hopeless worthless coin in the Alts world...when will we all learn to not listen to hype & bullshit.
Only advice i would give at this time would be to say if you do have some good news in the pipeline i would release it ASAP or your going to end up with no holders of DGB at all..........once you have a rep for being a worthless investment its near impossible to reverse it

Thanks for the update. Even though I do not like hard forks, it is necessary at some point and seems like we have learnt a lot with the growth of DGB.
All those parameters, we are close to find the best ones for the future of DGB, while considering the security of the network from miners and the inflation for the investors.

All looks good to me. Well done and lets get rolling.

Proposed DigiByte v3.0.3 Update & Hard Fork @ Block 400,000

    *Update difficulty code to prevent future myriad style time warp attack
    *Update checkpoints & seed nodes
    *Update & fix bug which triggers safe mode for exchanges & pools
    *Include updated DigiByte image in wallet
    *Change production from 6,746 DigiBytes per block at time of fork to 2,435 DigiBytes per block
    *Change reduction from 1% per week to 1% per month. (12% annual reduction compounded monthly)


Dear DigiByte Community,

DigiByte was launched on January 10th, 2014 with 60 second block times and the promise DigiByte would reach a maximum coin production of 21 billion coins about 30 years from now. There was also an understanding that roughly 4 billion coins would be produced in the first year of DigiByte's life.

As many of you are aware, following the second DigiShield update, DigiByte production came to a halt with slow block times. To return to the proper rate of production, we hard forked to MultiAlgo mining.

We successfully achieved the benefit of five mining algorithms for much faster transactions with the switch from 60 second blocks to 30 second blocks. These faster transactions will be a huge boost in the future for merchants & DigiByte users.

However, this increased coin production leaves us with a short term inflationary problem in a deflationary code environment. With the block speed reduction (60 seconds to 30 seconds), DigiByte production doubled. This means twice as many coins are currently entering the DigiByte ecosystem as originally planned. While this originally worked to catch us up to the projected 4 billion coins in the first year, we feel with an upcoming hard fork that now is the best time to make a change.  If production remains the same, we face a massive inflationary problem over the next year and we will reach maximum DigiByte production in 15 years.

We have always been opposed to intentionally increasing the rate of production, but in this case everyone wins when we reduce the current reward to fit in with our original vision and timeline. Everyone's DigiBytes will become more valuable, and our current inflation problem will be curbed by roughly two-thirds. This will help to alleviate some sell pressure on the price.


We are proposing three major changes in this hard fork @ block 400,000:
    A)Change production from 6746 DigiBytes per block at time of fork to 2435 DigiBytes per block (see spreadsheet)
    B) Change reduction from 1% per week to 1% per month. (12% annual reduction compounded monthly)
    C)Update DigiByte difficulty code to prevent future time warp attacks (see MyriadCoin attack)

Projection Spreadsheet:
http://www.digibyte.co/sites/digibyte.co/files/DigiByte_Production_Projection_v3.0.3.xlsx

This makes DigiByte attractive to an investor for the following reasons:

    *21 Billion DigiBytes in 21 years (Max supply & fixed predetermined rate of production: see spreadsheet)
    *1 to 1000 ratio with Bitcoin (21 million BTC to 21 billion DGB)
    *BTC once hit $1300, DGB could hit $1.30, perfect price for micro transactions
    *DigiBytes become 1% more scarce every month, 12% annually, compounded monthly
    *Bitcoin reward reduces 50% every 4 years, DigiByte has a monthly compound reduction of 48% every 4 years
    *DigiByte at $1 = $21 Billion dollar market cap in 2035, Western Union is $12 Billion right now
        *BOA Said Bitcoin had max $14 billion market cap potential right now
    *DigiByte at $10 = $210 billion market cap, possible by 2035 when mining ends
    *We can always move the decimal point one place and have $2.1 Trillion DigiBits if needed
    *Much more sustained mining incentive than previous model, 1% weekly reduction was too sharp of a decrease, this is more gradual (Miners = network security)

Projection Spreadsheet:
http://www.digibyte.co/sites/digibyte.co/files/DigiByte_Production_Projection_v3.0.3.xlsx

---

DigiByte Block Timing: (Each of 5 algos discovers new block every 2.5 minutes)

    1 new block every 30 seconds
    2 blocks per 60 seconds
    120 blocks per hour
    2,280 blocks per day
    20,160 blocks per week
    80,649 blocks per month

Last DigiByte to be minted: January 10th, 2035 (21 years)

      Last Paying Reward Block: 19,764,941

Please post your thoughts and check out the spreadsheet here for a detailed overview of DigiByte production: http://www.digibyte.co/sites/digibyte.co/files/DigiByte_Production_Projection_v3.0.3.xlsx

(o_O)....lol...

maybe will go 5 satoshi ..

i think the dev should show some great news .

There are a lot of new coins coming in to circulation right now. Now is the absolute best time to mine DigiByte.

We also now have http://digihash.co/tbs discovering groestlmyriad blocks. All 5 algos on the pool have been confirmed to work correctly on testnet.

well THAT looked like an isolated dump (20M dgb dropped alltoghether) still the downward pressure does not seem to have faded and the buy support was annihilated XD guess it'll take a while for dgb to recover

A sad day: 10 Satoshi new all time low 

But I appreciate the interview - it raises hope for a brighter future for DGB.

Noo not in the Library. There is no Digibyte Folder.

Go to User/yourname/Library/Application Support/Digibyte/

There is a Wallet.DAT file

There isn't a Digibyte folder in application support :S

Scratch that, we now have all 5 DigiByte algos mining, submitting blocks & paying out on DigiHash test pool. Now we are transitioning our changes to the live DigiHash pool.

Does anyone know of a working skein or qubit NOMP pool for any coin?

The iOS wallet is still being developed. But work has started

Hi dev :

 when can we download ios wallet ..

Its under your user folder/Library/Application Support/DigiByte/.

Make sure your "library" folder is visible in your finder preferences.

Here is a short interview with Jared: http://coinjoint.info/catching-up-with-digibyte/ 

I have a Macbook Pro and still I've opened the contents of the Digibyte wallet and there isn't a .Dat file anywhere.

Where should it be!!!!?

Pretty big news:

http://techcrunch.com/2014/11/16/apple-adds-unionpay-chinas-largest-bankcard-network-to-app-store-payment-options/

YC

Thank you for pointing this out! We completely forgot to update that translation. We will get that changed!

   hi dev :

          i see the android wallet for chinese name  is '比特币' , so  can you change it to digibyte's name ' 极特币'.
          
          the android wallet works good ..

   Thanks ..