Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1191. (Read 3059029 times)

Took less than 3 hours for mine to go through

Took less than 3 hours for mine to go through

It IS confusing. Anyway the withdrawal is manual? I have requested it quite a bit ago

My withdrawal went through perfectly. It may be confusing because of the big text box below, but you don't need to put anything in there.

https://twitter.com/moolah_io/status/522755116533690371


Under each balance is a text box with the label, "withdraw address".

Erm, how do you actually request a withdrawal though? I can login and I see my balance, but don't see any way to withdraw

Quoting Moolah tweet;

Despite what you may be thinking, MintPal withdrawal is still coming today at around 4PM GMT.


Keep a eye on it and withdraw immediately.

Email from BTER "Dear Sir, Thanks for your information" ... Maybe if many of us do that, then they will be convinced. Please send them continues emails.

Guys, I really insist we get DGB to Bter.com ASAP.

I am thinking to send an email to [email protected], [email protected], and also you can submit a request as well: http://support.bter.com/hc/en-us/requests/new

How about something like this if we all submit it to above given emails and request tab on bter ?

"Dear Bter Staff,

We would like you to have a look at our website for DigiByte: http://digibyte.co and see our on-going works on developing DGB and taking it to the next level.

We are a well-maintained and organized DGB community, where you can view it from: https://bitcointalksearch.org/topic/digibytedgb-core-v61651-digishield-digispeed-segwit-408268 (656 pages at the time). We have had a lot of requests for adding DGB to your exchange. I hope to see your approval for adding DGB to BTER, which will give your exchange a boost as well as our development team and the community.

You can see here that we have been mentioned on CNBC, one of the highly watched TV in the US and maybe internationally: http://digibyte.co/news-press-releases

Please also see what our future plans for DGB: http://digibyte.co/digi-roadmap

We are now in the multi-algo mining phase which were released recently, allowing many people to mine DGB and use it for exploiting the block chain technology.

Again, I hope we will get your approval for adding DGB to BTER.

Wishing you a great day.

Warmest Regards,"

The DGB devs obviously don't understand basic economics.

Who cares if there are 80 trillion dollars in circulation.  Look at the crypto Eco system, massive oversupply and then they go and double the already massive inflation rate.

It's almost like the devs are purposely trying to kill the DGB price.  Either that or their incompetence is great.


Currency value [PRICE]  =  Transaction Volume/Velocity + 1/Supply

Look at that - you cut the supply which leads to a higher value.  Unless you think you can more easily control the other variables; which is infinitely more difficult and costly.

This Economics 101 lesson is free of charge.

Sold 80% of my DGB on the sheer lack of basic understanding here.

Casino coin is the example I use to show people that cutting block rewards does not increase a coins value.

- Why is DOGE valued around 30 times more then EAC when it has more than 7 times the eventual money supply of EAC?
or
- Why is BTC valued around 1 million times more than CGB when it has 21 times the eventual money supply of CGB?

As for pushing the chain along.

You could kill PoW right here and go to 10% PoS and still push that chain along just fine.

Do you need me to list off a dozen coins which are outperforming DGB which have done just that?

Most of you guys are supposed techies and you've been here a long time yet you guys have no clue how any of this stuff works. No wonder there's so many broken down and dying ShitCoins.


The sad part about DGB is the fact that it has a lot potential.  But the massive inflation and dilution is literally killing the coin.  Real investors will run away from a 21 BILLION bloated crypto.  They'll go buy the peso if they wanna lose all their money.

The miners secure the network, if you reduce their reward then they have no reason to process the transaction and continue to push the block chain along.  I cant think of a single coin that has reduced their coin supply and has continued to do well long term.  

The miners secure the network, if you reduce their reward then they have no reason to process the transaction and continue to push the block chain along.  I cant think of a single coin that has reduced their coin supply and has continued to do well long term.  Sure, tons of people have pushed for it and some devs have caved to the idea and look where the coins are now.  Hows maxcoin doing?   Changing the supply only hurt the confidence in the coin. 

I am in favor to returning the supply so that new coins will be generated for the next 30 years instead of 15.  This essentially is fixing an issue that was created by the multi algo switch and returning it to its original goal.  However, reducing the supply of coins to try and keep miners from dumping is not a good idea in my opinion, the same miners are going to continue to dump.  If you want to keep the miners from dumping you need to give them a reason to keep them by increasing demand.  Miners still have to pay their electricity bills...

The DGB devs obviously don't understand basic economics.

Who cares if there are 80 trillion dollars in circulation.  Look at the crypto Eco system, massive oversupply and then they go and double the already massive inflation rate.

It's almost like the devs are purposely trying to kill the DGB price.  Either that or their incompetence is great.


Currency value [PRICE]  =  Transaction Volume/Velocity + 1/Supply

Look at that - you cut the supply which leads to a higher value.  Unless you think you can more easily control the other variables; which is infinitely more difficult and costly.

This Economics 101 lesson is free of charge.

Sold 80% of my DGB on the sheer lack of basic understanding here.

How to invest in altcoins without losing everything
by William Suberg @ 2014-10-15 03:40 PM


Cryptocurrency world looks like a New York’s exchange in old movies. A giant room filled with screaming people. Even experienced users who are involved with crypto long enough find it hard to navigate through all this information. Pretty much any new cryptocurrency can be a time bomb - there is no way to predict its exchange rate or find out how committed its developers are, let alone figuring out if there are any backdoors in the code.

So the question is: is it worth investing your resources in these cryptocurrencies?

Miners and traders are the primary players on this oversaturated market and in most cases also are the early adopters and the first missioners of a currency. They create buzz about the cryptocurrency which leads to increase of its hashrate and exchange rate. Miners and traders have vested interest in popularization of the currency therefore spreading the word and attracting new users for them is crucial.           

Some of these people are hawks looking to skim off easy profits; others are in it for the long run aspiring to become coin millionaires in a few years. Whatever the case, all these people are in need of reliable information which they are trying to find on specialized forums.

Tech-savvy con artists have long since figured out the ways to scam unsuspecting users and are also well aware of these forums. Not bringing in anything new they use functioning out-of-the-box solutions to lure their victims under the pretense of launching a unique cryptocurrency. Open source is a cornerstone of any given coin and that’s why the original technology can be easily replicated and put to use with marginal costs.

Scammers are usually great at finding out new trends. Oftentimes, while average Bitcointalk user is just getting to know a new technology, they are already busy kicking off a new fork. New coins are being launched every day and over 50% of them are a scam.

The best defense against a virus infection is a timely vaccination. Listed below are common signs of a fraud:

    Hasty launch. If the coin is launched within a week or less of the announcement - it’s a clear sign of a scam. Sometimes scammers would launch the coin along with the announcement thereby greatly reducing the time users usually need for familiarizing themselves with the code or finding out who the developer was. The best example of scam coin launch is DafuqCoin that contained rootkit malware in its code. Users careless enough to jump on the bandwagon got scammed even before they had the chance to explore the source code.
    Announcement thread started by a newbie-user status. For obvious reasons if someone is engaged in a fraud he wouldn’t want his real name linked to it. Alternatively, boosting a fake account to the senior level takes a lot of time. Nevertheless if someone who’s just launched a new coin holds a Senior, Hero or even Legendary account status it doesn’t mean you can trust him. Trading of such accounts is a common thing among Bitcointalk users.
    A look-alike fork. Coin mills are constantly setting up delicious baits to ensure bigger profits. Normally forks are virtually indistinguishable from the original. Knowing that their currency hasn’t got that long to live scammers avoid investing real money in its development. The coin which only purpose is to get listed on an exchange for subsequent pump-n-dump differs only in name and some subtle specifications that can be tweaked in two minutes straight (for example, block generation time).
     Simple one-page website. If a new coin is complimented by an official website it significantly increases its trustworthiness in the eyes of the users. However making such a website takes a little time and effort.
     Getting listed on Exchanges as soon as possible. Scam-coin developers do not publish a roadmap and have a very shallow understanding of the technology. Using sock-puppet accounts they encourage community to vote for a coin to be added on exchanges. The majority of these cryptocurrencies will not survive past the first pump-n-dump cycle. There are just a few exchanges who keep their doors open for these kinds of coins.
    PoS coin, especially with an IPO. It’s really hard to understand why people buy into these dicey ventures. Some coins do not even make it to the launch and no one gets their money back.

Darkcoin exploited by Coin Mills / Coin Mill and PoW

While Darkcoin source code had been partially restricted, community engaged in a heated debate about its “true anonymity” and whether it was instamined. The squabble didn’t go unnoticed and within a short period of time some insightful con artists released a “DRK based” coin.

After the first success absolutely identical coins started to spread like mushrooms after a fresh spring rain - x11, x13, x15, Xn coins. All of them were announced as PoW/PoS hybrids. The creator of X11Coin has gone missing 4 days after the launch with the huge premine which he successfully dumped on the first day of trading.

Developer of the FlashCoin deleted all IPO related data as soon as he had gathered 5 BTC.  Shortly after getting listed on Bittrex exchange he sold his coins for about 4000 satoshis and disappeared.

One can still find BurnerCoin trade history:



Furthermore, 2 coins from each mined block (during the PoW phase) went to the “developer” through the build-in script embedded in the source code.

Sometimes it seems that people themselves want to be deceived:

There are more coins that are worth having a look at:

    OPEC
    DiceCoin 
    MACDcoin
    HardCider 

Apart from unambiguous scam techniques, all these coins share two common traits: their source code is always placed on the same file sharing system and they don’t have Linux binaries.

The average costs for carrying out a scam is negligible while the profits exceed 20 BTC (~10,000$). One coin that is worth mentioning in particular is AsiaCoin. Duping users into following this coin has resulted in 300 BTC (~160,000$) in profits for scammers.
Coin Mill exploits the notion of anonymity

Looking to capitalize on the ever-so-valued anonymous transactions feature, Coin Mills couldn’t help but notice CryptoNote. This technology has one key quality; it provides fully anonymous transactions along with un-traceability for the users who make them.

The anonymous transactions feature is in high demand among crypto-anarchists. With different levels of success it has been implemented in a number of cryptocurrencies. Since CryptoNote is open source software, it didn’t take long for coin mills to figure out how to make it serve their own selfish ends. That’s how CN forks were born:

    Fantomcoin
    Infinium-8
    ASAPcoin
    Lebix
    MonetaVerde
    Mountcoin

All these coins used same file sharing service; their announcement threads looked alike stressing the slogans such as 'only CPU mining' and ' ASIC resistance.' Also most of their devs used “newbie” accounts. Obviously, all of these coins were short-lived and their creators disappeared with the ill-earned money.         
AsiaCoin disguises itself to hide its Coin Mill origin

At first glance, the scheme was a no-brainer - newbie account, PoW/PoS etc. Still, the idea of a “continental” coin gained a lot of attention.

The coin got listed on major exchanges such as Cryptsy and Mintpal and had been traded for a while with ~2000 satoshi price.

AsiaCoin price

For quite some time nobody had been able to notice a hidden 3 billion coins premine (“developers” did quite a job on this). The premine exceeded the number of issued coins three-fold.

One can only wonder why users who had gotten involved with the coin early kept encouraging other people to invest in AsiaCoin even when the scam was revealed. The answer turns out to be very simple; they got too much of investments in and wanted a no-loss way out.

But because of the inferior code, the coin became the victim of successful 51% and double-spend attacks. Eventually AsiaCoin was delisted from all major exchanges leaving the users with nothing but losses.
Conclusion

Scammers never miss out on opportunities to cash in on prominent technologies and ideas. They exploit someone else’s fame and make money on people’s gullibility. In order to pull that off they act under the pretense of state of the art currency. These charlatans employ the names of well-known projects without making any improvements in the source code, it’s too costly. Their real goal is to create an illusion and get people to believe in it.

One should likewise not rely upon the honesty of exchange owners. Even a major exchange won’t save you from scammers. Exchanges accept any coin they want and simply wipe them out once the pump-n-dump is over. It’s their business. Have you ever seen any kind of criteria for a coin to be listed on an exchange? They are nonexistent.

We must transition from the Wild West market into a civilized one. And now, seeing that the Altcoin hype has cooled down, it should be easier to achieve since the number of paper chasers should gone down as well. Be cautious and trade safely.

Finally, not every pump-n-dump coin is planned as a scam from the beginning. Sometimes developers who are trying to create a “new Bitcoin” tend to overestimate their capabilities or lose interest in their project as it progresses. And that’s when they come to the conclusion that it is time to cash out and move on to a new project. From the public’s perspective this kind of coin will look like a typical pump&dump despite the fact that developers have planned otherwise.