HR,
This is the main reason we believe DGB is a winner. Jared from the beginning has underpromised and overdelivered. He continues to listen to the feedback of the community and sticks to the long term vision. No short cuts and make sure there are enough tests before going live. Can you imagine if we took the multi algo and went live without testing? It would have been a disaster.
The fact that we know what his background is and how his approach is methodical and there will be a real end user connection is enough to surpass 90% of all the other coins out there. I think we are going to look back at this thread and there are going to be some folks that missed the boat (investing) at how low the price is. It would also be interesting to do an audit to see the distribution of DGB based among all the wallet holders.
Really great insight and I couldn't agree with you more. Jared, you are doing fantastic and most importantly, I believe in you and am rooting for your success.
YC
Has anyone noticed how stable the price of DGB has been relative to the vast majority of alt-coins since March? Excluding the outlier spikes, the 30+ range has held steady. LTC has lost half its value in that same time frame. DOGE has lost around 75%. MYR has lost over 80%. VTC has lost close to 90%. And the list goes on and on.
DGB has held its own in spite of technical issues and its relatively long reaction time to the ASIC menace. Why is that? Why has the open market continued to support DGB in spite of its difficulties while it has punished the vast majority of other alt-coins?
I would suggest that a very important factor is Jared himself. Not so much that he is a genius or anything like that, but rather that we have a real flesh and bones person behind the coin and not some unknown, God only knows who, person lurking behind an “anonymous” internet nick. He seems to be a hard worker, he’s focused, he’s seemingly professional (at least all his communications are very ‘corporate world correct’), and he seems to know what he’s doing. The jury is still out on definitive statements and only time will tell, but what we can indeed definitively say is that WE KNOW WHO HE IS.
That’s transparency working in DGB’s favor and it’s the main reason why investors continue to support DGB . . . if you ask me. I’m convinced that if DGB didn’t have a public face, it wouldn’t have been spared the carnage of recent months. Think about it. Sound reasonable to you?
If that sounds reasonable then why not embrace transparency wholeheartedly? “Investors” demand transparency. Nobody invests their money where they don’t have clear and legally binding paper trails. Nobody except criminals that is. Anonymity only benefits criminals. Unless you’re a money launder or an online crack dealer, anonymity does nothing for you other than damage the long term prospects for you investment. Legit, law abiding citizens make up 99.9% of modern society – if you want to take your coin (i.e. investment) mainstream, it goes without saying that you need to respond to the needs and demands of the mainstream. It’s a no-brainer.
Embrace transparency and you lock in a guaranteed winner. Insist on anonymity and you automatically condemn yourself to a minority ‘niche’ market that will only lead you to eventual ruin (in more ways than one).
Think about it.
Full Disclosure: that same long term background just mentioned above in conjunction with recent positive developments regarding the algo change has given me reason to re-establish a mid-sized position in DGB.
and people moving to other exchanges... We have to get DGB on POLO and BITTREX ASAP.
