Does anyone have a calculator that can discuss buying power of variations in pricing for BTC and DGB compared to Us Dollar? For example, if DGB is at 43 satoshi and BTC is at $660, is it in my advantage to buy DGB at 33 satoshi and BTC up to $670 or is the reverse true? Wish someone had a tool for this.
YC
Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1357. (Read 3058926 times)
June 05, 2014, 02:36:43 PM
June 05, 2014, 02:23:17 PM
Dev's, how is your trip going in LA?
What's the status, did you managed to get in contact with some important people?
Just curiousity
What's the status, did you managed to get in contact with some important people?
Just curiousity
June 05, 2014, 02:21:14 PM
In your opinion what does #DigiByte need right now to become on of the top five coins in the crypto economy?
I think that we need to decide who to market it to, Merchants or Users. Either one will do because if there is demand Merchants will adopt it. If Merchants make it available, more potential Users will see that & investigate what it is.
For Merchants:
- More user friendly blockchain analysis tools, to be able to gain info on who is buying what, when, what other products that user is buying etc.
- A way of selling/redeeming larger quantities of DGB into fiat without affecting the market price & driving the price down on themselves when converting (increased trading vol would solve this)
- A lite-wallet or Merchant oriented online wallet (similar to exchange) so that non-tech minded Merchants can use it w/out downloading the blockchain and/or worry about which exchange is safe to use etc. A service like Bitpay would be ideal. Basically we have to remove the requirement for Merchants to be tech-minded.
For Users:
- Anonymity. I don't want stores to be able to analyze my habits so easily to be honest. If wallets are identified as belonging to certain merchants then entire spending histories are out there to be seen. There are several companies now doing big data analysis on btc spending habits in order to sell user info to merchants. If Digibyte is to be a POS solution then this is something to be aware of/address moving forward IMHO.
- An easy way to spend on the go. This is a tough one, but the Android wallet is a good start. Apple have said they will allowed "approved digital currencies" which makes it sound like the choice of which they allow is up to them. Also, I wonder what will happen if Apple change their minds in the future & suddenly disable a wallet app. Would there be any way to recover those lost coins?
- Historically, increased DGB trading volume always pushes up DGB price. 2000BTC /day is not realistic, but perhaps 100BTC /day is. I believe (just opinion) that 100 Satoshis is a big psychological barrier. Since we came down from 300 I believe the big pushes have always stopped in the 90s. Getting back up over 100 may be the thing we need for people to realize DGB's potential and try holding more rather than just speculating.
As for becoming a top 5 coin, the price jump this week temporarily pushed us up to a $650,000 market cap. That would've put us in 38th spot on coinmarketcap (currently 53). I would like to see us hit a $1.000.000 cap again, I think it's a good medium term target & would give us appeal to both people in the crypto world as well as Merchants.
Not all of my ideas above will be possible (some are opposite like the anonymity vs analysis thing) but personally I would like to see some degree of anonymity given that DGB is supposed to be a POS solution. For big ticket items I can't say I mind because that is exactly what credit card companies do now, but I don't want to worry about having my spending habits analyzed when I'm out buying milk, or shopping online. Merchants can't analyze cash, so they shouldn't be able to analyze DGB users either. (although as above there is a relatively strong case for the opposite).
In one breath you say: "For Merchants:
- More user friendly blockchain analysis tools, to be able to gain info on who is buying what,"
In another breath you say: For Users:
- Anonymity. I don't want stores to be able to analyze my habits so easily to be honest.
Are you on drugs?
You might want to read things properly before making silly comments like that in the future. Ideas are ideas, and I had taken the dev's original question as a request for brainstorming rather than just one-sided opinion
June 05, 2014, 02:16:41 PM
In your opinion what does #DigiByte need right now to become on of the top five coins in the crypto economy?
I think that we need to decide who to market it to, Merchants or Users. Either one will do because if there is demand Merchants will adopt it. If Merchants make it available, more potential Users will see that & investigate what it is.
For Merchants:
- More user friendly blockchain analysis tools, to be able to gain info on who is buying what, when, what other products that user is buying etc.
- A way of selling/redeeming larger quantities of DGB into fiat without affecting the market price & driving the price down on themselves when converting (increased trading vol would solve this)
- A lite-wallet or Merchant oriented online wallet (similar to exchange) so that non-tech minded Merchants can use it w/out downloading the blockchain and/or worry about which exchange is safe to use etc. A service like Bitpay would be ideal. Basically we have to remove the requirement for Merchants to be tech-minded.
For Users:
- Anonymity. I don't want stores to be able to analyze my habits so easily to be honest. If wallets are identified as belonging to certain merchants then entire spending histories are out there to be seen. There are several companies now doing big data analysis on btc spending habits in order to sell user info to merchants. If Digibyte is to be a POS solution then this is something to be aware of/address moving forward IMHO.
- An easy way to spend on the go. This is a tough one, but the Android wallet is a good start. Apple have said they will allowed "approved digital currencies" which makes it sound like the choice of which they allow is up to them. Also, I wonder what will happen if Apple change their minds in the future & suddenly disable a wallet app. Would there be any way to recover those lost coins?
- Historically, increased DGB trading volume always pushes up DGB price. 2000BTC /day is not realistic, but perhaps 100BTC /day is. I believe (just opinion) that 100 Satoshis is a big psychological barrier. Since we came down from 300 I believe the big pushes have always stopped in the 90s. Getting back up over 100 may be the thing we need for people to realize DGB's potential and try holding more rather than just speculating.
As for becoming a top 5 coin, the price jump this week temporarily pushed us up to a $650,000 market cap. That would've put us in 38th spot on coinmarketcap (currently 53). I would like to see us hit a $1.000.000 cap again, I think it's a good medium term target & would give us appeal to both people in the crypto world as well as Merchants.
Not all of my ideas above will be possible (some are opposite like the anonymity vs analysis thing) but personally I would like to see some degree of anonymity given that DGB is supposed to be a POS solution. For big ticket items I can't say I mind because that is exactly what credit card companies do now, but I don't want to worry about having my spending habits analyzed when I'm out buying milk, or shopping online. Merchants can't analyze cash, so they shouldn't be able to analyze DGB users either. (although as above there is a relatively strong case for the opposite).
In one breath you say: "For Merchants:
- More user friendly blockchain analysis tools, to be able to gain info on who is buying what,"
In another breath you say: For Users:
- Anonymity. I don't want stores to be able to analyze my habits so easily to be honest.
Are you on drugs?
June 05, 2014, 01:58:49 PM
In your opinion what does #DigiByte need right now to become on of the top five coins in the crypto economy?
I think that we need to decide who to market it to, Merchants or Users. Either one will do because if there is demand Merchants will adopt it. If Merchants make it available, more potential Users will see that & investigate what it is.
For Merchants:
- More user friendly blockchain analysis tools, to be able to gain info on who is buying what, when, what other products that user is buying etc.
- A way of selling/redeeming larger quantities of DGB into fiat without affecting the market price & driving the price down on themselves when converting (increased trading vol would solve this)
- A lite-wallet or Merchant oriented online wallet (similar to exchange) so that non-tech minded Merchants can use it w/out downloading the blockchain and/or worry about which exchange is safe to use etc. A service like Bitpay would be ideal. Basically we have to remove the requirement for Merchants to be tech-minded.
For Users:
- Anonymity. I don't want stores to be able to analyze my habits so easily to be honest. If wallets are identified as belonging to certain merchants then entire spending histories are out there to be seen. There are several companies now doing big data analysis on btc spending habits in order to sell user info to merchants. If Digibyte is to be a POS solution then this is something to be aware of/address moving forward IMHO.
- An easy way to spend on the go. This is a tough one, but the Android wallet is a good start. Apple have said they will allowed "approved digital currencies" which makes it sound like the choice of which they allow is up to them. Also, I wonder what will happen if Apple change their minds in the future & suddenly disable a wallet app. Would there be any way to recover those lost coins?
- Historically, increased DGB trading volume always pushes up DGB price. 2000BTC /day is not realistic, but perhaps 100BTC /day is. I believe (just opinion) that 100 Satoshis is a big psychological barrier. Since we came down from 300 I believe the big pushes have always stopped in the 90s. Getting back up over 100 may be the thing we need for people to realize DGB's potential and try holding more rather than just speculating.
As for becoming a top 5 coin, the price jump this week temporarily pushed us up to a $650,000 market cap. That would've put us in 38th spot on coinmarketcap (currently 53). I would like to see us hit a $1.000.000 cap again, I think it's a good medium term target & would give us appeal to both people in the crypto world as well as Merchants.
Not all of my ideas above will be possible (some are opposite like the anonymity vs analysis thing) but personally I would like to see some degree of anonymity given that DGB is supposed to be a POS solution. For big ticket items I can't say I mind because that is exactly what credit card companies do now, but I don't want to worry about having my spending habits analyzed when I'm out buying milk, or shopping online. Merchants can't analyze cash, so they shouldn't be able to analyze DGB users either. (although as above there is a relatively strong case for the opposite).
June 05, 2014, 01:55:52 PM
Large buy orders on Mintpal. Interesting...
Hope it's not just a random pump and dump cause of the multi-algo news.
June 05, 2014, 01:54:07 PM
Large buy orders on Mintpal. Interesting...
June 05, 2014, 01:49:48 PM
1.More liquidity and volume.
2.Viral marketing
3.Large retailer and merchant adoption
4.Major investor to provide infrastructure capacity
I would still like to understand the supply of coins and overall benefit with a large amount of 21B. Has this been discussed with the dev team and are there any cons to it?
YC
2.Viral marketing
3.Large retailer and merchant adoption
4.Major investor to provide infrastructure capacity
I would still like to understand the supply of coins and overall benefit with a large amount of 21B. Has this been discussed with the dev team and are there any cons to it?
YC
In your opinion what does #DigiByte need right now to become on of the top five coins in the crypto economy?
June 05, 2014, 01:07:29 PM
Looks good, finally someone who at least puts some time down on a coin!
Now as long as you don't fuck up the release this coin will have a future!
Now as long as you don't fuck up the release this coin will have a future!
Hah, found an old post of mine, nice to see how long this coin has been alive and doing well! Good luck with all future plans, devteam.
June 05, 2014, 01:02:41 PM
Looks good, finally someone who at least puts some time down on a coin!
Now as long as you don't fuck up the release this coin will have a future!
Now as long as you don't fuck up the release this coin will have a future!
Hah, found an old post of mine, nice to see how long this coin has been alive and doing well! Good luck with all future plans, devteam.
June 05, 2014, 12:57:08 PM
Our goal is to reach over 5,000 followers on social media sites in the next two weeks! Share DigiByte with everyone you know and lets keep DigiByte growing! DigiByte to the moon!
June 05, 2014, 12:49:03 PM
In your opinion what does #DigiByte need right now to become on of the top five coins in the crypto economy?
June 05, 2014, 12:47:39 PM
In your opinion what does #DigiByte need right now to become on of the top five coins in the crypto economy?
2000+ BTC Volume.
June 05, 2014, 12:45:42 PM
In your opinion what does #DigiByte need right now to become on of the top five coins in the crypto economy?
June 05, 2014, 11:42:48 AM
how is it with digi-pay.com?
June 05, 2014, 07:54:36 AM
Price increasing significantly. I wonder if there are people in the know already or the price jump is based purely on speculation.
It is not a speculation... DGB is showing the quality in an organic way... I think the new bottom is coming soon around 75 Satoshi. Then 100, then 150....... 1k
This is completely false.
After reading Jared's announcement I decided to get back into DGB. I logged into Cryptsy at ~1am EST and decided I would take advantage of the low value of ~39.
I put in buy orders of between 35-37, forced the price down and bought 7,000,000 DBG.
While I waited, I noticed multiple sells to me for 7724 units within seconds of each other. This went on for hours.
Meanwhile on MintPal, the price was increasing dramatically from similar multiple small buy/sells. MintPal did not have the depth that Cryptsy does, mostly due to the BTC I threw at DGB.
This literally went on for hours while I purchased millions of coins.
This was obviously the work of bots and just who would throw thousands of dollars at me to buy cheap coins only to resell them hours later at a 70% profit?
This is anything but "organic".
[edit] Whomever it was, thank you!
As another user said that is likely just a multipool. The Block reward is 7724 so when they find a block they automatically sell for the lowest buy price.
I'm going to have to call 'Shenanigans' on this.
Do multipools buy?
I'd still like to see where the "organic" growth is located.
[edit] Someone is clearly using the block reward amount as a means to hide heavy manipulation. And as you can see, I'm not sure how 2844 and many other, seemingly, random amounts are consistently used without anyone else noticing.
June 05, 2014, 05:44:55 AM
The total amount of coins is too much.... 21 billions coin....
Comparison: NXTcoin has 1 billions and they have the best community and active DEVs, lot of applications and developments going on.
The price of NXT has been steady around 0.00005 for a very long time and currently they are around 0.00013. So this is the best case (Assuming all DGB's mined) !
I am not counting other pluses for NXT.
Simply divide 0.00013/21 = 0.00000619047 ($0.004031), then approximately that is the best, ever best that can be achieved by DGB, where DGB must have active developments, community, etc... as NXT....
I do think, at the very moment, 1DGB=1$ is a very impossible dream. However, hope does not cost anything.
Suggestion: Lowering the total supply to 5 Billions will do a good job, but to reach even 0.1$ dream, total supply should have been 800,000,000 (Too late, I think).
Good luck to DigiByte. I really want to see this coin achieving a lot of things, more than NXT did.
Comparison: NXTcoin has 1 billions and they have the best community and active DEVs, lot of applications and developments going on.
The price of NXT has been steady around 0.00005 for a very long time and currently they are around 0.00013. So this is the best case (Assuming all DGB's mined) !
I am not counting other pluses for NXT.
Simply divide 0.00013/21 = 0.00000619047 ($0.004031), then approximately that is the best, ever best that can be achieved by DGB, where DGB must have active developments, community, etc... as NXT....
I do think, at the very moment, 1DGB=1$ is a very impossible dream. However, hope does not cost anything.
Suggestion: Lowering the total supply to 5 Billions will do a good job, but to reach even 0.1$ dream, total supply should have been 800,000,000 (Too late, I think).
Good luck to DigiByte. I really want to see this coin achieving a lot of things, more than NXT did.
Less coins doesn't mean higher value, it all depends on adoption and strong hand does help.. Here at DGB we sell like crazy after each pump :-/
I don't agree, or lets say partially agree.
Less coin mostly means higher values even it does have no SUPPORT.. Look at Astrocoin
If you have many billions of coin, then naturally it is open to dumps easily, the price goes down bad... that is also your point.
What you say is true, but the real key is to capture more people & bring them into the Digibyte world too. If that happened it would allow the best of both worlds because you do need sellers as well as buyers.
I remember the old days on coinmarket & it was actually hard to buy at times because people only sold a few hundred at each price level. To buy a few hundred thousand you'd have needed to pump the price up 20% or so which is just crazy.
If the news Digibyte is talking about this week can bring in a few dozen new people it might create a bit of momentum for us & give us the kick we need to get back up over 100 Satoshis
Yes, totally agreed. That is why NXT is now in a very good position. Despite the 1 billions of coin, they saw 0.00014 today which is ever the highest moment.
And people keep holding coz they are aware great things are happening. We should really follow their way of doing things. The NXT community and foundation are amazing.
I think DGB can do better than that once we sort out things.
June 05, 2014, 03:26:56 AM
June 05, 2014, 02:44:14 AM
[DigiByte ("DGB") Website ("www.DigiByte.co") Bottom Page Footer Mining Pool Links Check - 5 June 2014]
===============================================================================
The following mining pools linked to the www.DigiByte.co website (on the bottom footer) are working:
More Coins Pool
Cryptomining Pool
Blazing Hashes
Dedicated Pool
Coinium Pool
Lucky Miners Pool
Mining Pool Co
Coin Mine Pool
Palmetto Miners
A couple of the links on the www.DigiByte.co website (on the bottom footer) are 'NOT' working:
Get-By Pool | http://dgb2.get-by.com/index.php = website down.
Digiforce Pool | http://digiforce.cc/ = website down.
Leet Pools Mining | http://digibyte.leetpools.com/ = Payouts Disabled and ZERO hashrate.
Hash.so Pool | https://dgb.hash.so/ = website down.
Mining Man Pool | http://dgb.mining-man.com/ = website down.
In the interests of progress, would it be a good idea to update this list and remove the broken links?
portdavenport
June 04, 2014, 10:06:39 PM
Do we have anyone with an inside track at zynga or king (candy crush) so that we could get digibyte added as an in game currency. That would be a big win and a coin like DGB, with over 1bil coins around would be great for that.
We had this discussion a couple months ago and at least at that time, we couldn't come up with any. There are a few of us with media connections though, so if digibyte did get picked up, we could get it on mainstream gaming websites.
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