★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1371.

ycagel

hero member

Activity: 924

Merit: 1000

Agree with your assessment. All of the conversation was just more brainstorming. Not suggesting to do either. More importantly, you would never want to jeopardize the long term health and sustainability of the coin.

YC

Quote from: the_game1224 on May 29, 2014, 03:16:16 PM

Quote from: haggis on May 29, 2014, 03:06:19 PM

Quote from: ycagel on May 29, 2014, 01:43:51 PM

Do people in the community believe that reducing the supply would be better for long term health of the coin? Would they be more inclined to invest if they are on the fences?

YC

I think as long as DGB isn't at mainstream, a total coin reduction would be good. However, this should be done in a fair manner - meaning that if the supply is divided by ten then every coin should be a tenth coin afterwards. So if we reduce from 21 billion to lets say 210m them 1m current coins should become 10k coins. This is fair for current holders and fair to later investors. It shouldn't have the taste of a motivation of greed. The motivation is to push 1 DGB in a direction of $0.01 - $0.1 each. That's currently ~ 0.000015 - 0.00015BTC
So a reduction to 560m or 56m would make sense imho.

At a later time there's still the possibility to raise the quantity again if needed.

Honestly while I get what you are saying (essentially handle it like a reverse stock split) I think this would be a bad idea and I'm not sure it is possible do this from a technical aspect
Both you and I understand why it would be fair but I really think it would infuriate many holders simply because they are greedy.

I really am not sure if I would oppose or support a reduction the more I think about it. It was just a random though I had.

the_game1224

sr. member

Activity: 252

Merit: 250

Quote from: haggis on May 29, 2014, 03:06:19 PM

Quote from: ycagel on May 29, 2014, 01:43:51 PM

Do people in the community believe that reducing the supply would be better for long term health of the coin? Would they be more inclined to invest if they are on the fences?

YC

I think as long as DGB isn't at mainstream, a total coin reduction would be good. However, this should be done in a fair manner - meaning that if the supply is divided by ten then every coin should be a tenth coin afterwards. So if we reduce from 21 billion to lets say 210m them 1m current coins should become 10k coins. This is fair for current holders and fair to later investors. It shouldn't have the taste of a motivation of greed. The motivation is to push 1 DGB in a direction of $0.01 - $0.1 each. That's currently ~ 0.000015 - 0.00015BTC
So a reduction to 560m or 56m would make sense imho.

At a later time there's still the possibility to raise the quantity again if needed.

Honestly while I get what you are saying (essentially handle it like a reverse stock split) I think this would be a bad idea and I'm not sure it is possible do this from a technical aspect
Both you and I understand why it would be fair but I really think it would infuriate many holders simply because they are greedy.

I really am not sure if I would oppose or support a reduction the more I think about it. It was just a random though I had.

cryptmebro

hero member

Activity: 786

Merit: 1000

Quote from: haggis on May 29, 2014, 03:06:19 PM

Quote from: ycagel on May 29, 2014, 01:43:51 PM

Do people in the community believe that reducing the supply would be better for long term health of the coin? Would they be more inclined to invest if they are on the fences?

YC

I think as long as DGB isn't at mainstream, a total coin reduction would be good. However, this should be done in a fair manner - meaning that if the supply is divided by ten then every coin should be a tenth coin afterwards. So if we reduce from 21 billion to lets say 210m them 1m current coins should become 10k coins. This is fair for current holders and fair to later investors. It shouldn't have the taste of a motivation of greed. The motivation is to push 1 DGB in a direction of $0.01 - $0.1 each. That's currently ~ 0.000015 - 0.00015BTC
So a reduction to 560m or 56m would make sense imho.

At a later time there's still the possibility to raise the quantity again if needed.

I don't think a reduction is necessary, as it's greedy and desperate. This community is active, and dedicated. Give it time. Quit worrying about the current "price" and just worry about exposure and services.

haggis

hero member

Activity: 984

Merit: 1000

Quote from: ycagel on May 29, 2014, 01:43:51 PM

Do people in the community believe that reducing the supply would be better for long term health of the coin? Would they be more inclined to invest if they are on the fences?

YC

I think as long as DGB isn't at mainstream, a total coin reduction would be good. However, this should be done in a fair manner - meaning that if the supply is divided by ten then every coin should be a tenth coin afterwards. So if we reduce from 21 billion to lets say 210m them 1m current coins should become 10k coins. This is fair for current holders and fair to later investors. It shouldn't have the taste of a motivation of greed. The motivation is to push 1 DGB in a direction of $0.01 - $0.1 each. That's currently ~ 0.000015 - 0.00015BTC
So a reduction to 560m or 56m would make sense imho.

At a later time there's still the possibility to raise the quantity again if needed.

halinyo

legendary

Activity: 1106

Merit: 1000

The future is bright with DigiByte.

Quote from: kizloc on May 29, 2014, 11:54:28 AM

Hello I'd like to introduce myself, Im KIZLOC
Ive been mining DGB sine the the start and I live in the UK, Will anybody be going to the Crypto-currency Convention in London on Oct 22nd 2014, I will most probably be going and is there any thing I can do help?

I am planning to be there too Wink

A DGB lover too Cheesy

ycagel

hero member

Activity: 924

Merit: 1000

Do people in the community believe that reducing the supply would be better for long term health of the coin? Would they be more inclined to invest if they are on the fences?

YC

Quote from: iikun on May 29, 2014, 11:36:53 AM

Quote from: 22langer22 on May 29, 2014, 11:31:55 AM

Quote from: ycagel on May 29, 2014, 11:15:18 AM

I think the key is to constantly be pushing news. In the situation of DGB, you have the flexibility that the dev is really trying to make sure the coin is the best. In addition, adoption needs to continue happening. DOGE, NAUT and many other coins took full advantage of the DigiShield implementation and for what it's worth, not sure there was enough of a lasting effect on our community. With all the wild exaggeration in the market, DGB should be an easy $.10-.20. Why not?

YC

I understand that an algo change announcement doesnt happen over night. Little things like, we are looking to implement this or x is happeing on this date. FACTS bring money into the coin. The value of the coin will determine how useful it is to the public, and DGB is a little behind in that department.

this is true. Also that a fork cannot be done without warning or a disaster like Dark will happen. So even if an announcement is made this week the fork cannot happen for at least a week. Meanwhile bulk Asics are currently being shipped.

kizloc

newbie

Activity: 9

Merit: 0

Hello I'd like to introduce myself, Im KIZLOC
Ive been mining DGB sine the the start and I live in the UK, Will anybody be going to the Crypto-currency Convention in London on Oct 22nd 2014, I will most probably be going and is there any thing I can do help?

iikun

legendary

Activity: 1062

Merit: 1003

Quote from: 22langer22 on May 29, 2014, 11:31:55 AM

Quote from: ycagel on May 29, 2014, 11:15:18 AM

I think the key is to constantly be pushing news. In the situation of DGB, you have the flexibility that the dev is really trying to make sure the coin is the best. In addition, adoption needs to continue happening. DOGE, NAUT and many other coins took full advantage of the DigiShield implementation and for what it's worth, not sure there was enough of a lasting effect on our community. With all the wild exaggeration in the market, DGB should be an easy $.10-.20. Why not?

YC

I understand that an algo change announcement doesnt happen over night. Little things like, we are looking to implement this or x is happeing on this date. FACTS bring money into the coin. The value of the coin will determine how useful it is to the public, and DGB is a little behind in that department.

this is true. Also that a fork cannot be done without warning or a disaster like Dark will happen. So even if an announcement is made this week the fork cannot happen for at least a week. Meanwhile bulk Asics are currently being shipped.

22langer22

newbie

Activity: 38

Merit: 0

Quote from: ycagel on May 29, 2014, 11:15:18 AM

I think the key is to constantly be pushing news. In the situation of DGB, you have the flexibility that the dev is really trying to make sure the coin is the best. In addition, adoption needs to continue happening. DOGE, NAUT and many other coins took full advantage of the DigiShield implementation and for what it's worth, not sure there was enough of a lasting effect on our community. With all the wild exaggeration in the market, DGB should be an easy $.10-.20. Why not?

YC

I understand that an algo change announcement doesnt happen over night. Little things like, we are looking to implement this or x is happeing on this date. FACTS bring money into the coin. The value of the coin will determine how useful it is to the public, and DGB is a little behind in that department.

BlazingHashes

member

Activity: 106

Merit: 10

www.blazinghashes.com

ycagel

hero member

Activity: 924

Merit: 1000

I think the key is to constantly be pushing news. In the situation of DGB, you have the flexibility that the dev is really trying to make sure the coin is the best. In addition, adoption needs to continue happening. DOGE, NAUT and many other coins took full advantage of the DigiShield implementation and for what it's worth, not sure there was enough of a lasting effect on our community. With all the wild exaggeration in the market, DGB should be an easy $.10-.20. Why not?

YC

the_game1224

sr. member

Activity: 252

Merit: 250

Quote from: 22langer22 on May 29, 2014, 11:08:07 AM

but in the eyes of the crypto world, who I swear has ADD

LOL there is no doubt about that! I agree there probably was an opportunity missed especially with the NAUT train, hopefully the announcement makes everyone forget.
There are and likely will be more XC profits out there, perhaps that is another opportunity to catch the next rocket.

22langer22

newbie

Activity: 38

Merit: 0

Quote from: the_game1224 on May 29, 2014, 10:58:24 AM

Quote from: 22langer22 on May 29, 2014, 10:56:34 AM

Quote from: the_game1224 on May 29, 2014, 10:15:01 AM

Quote from: HR on May 29, 2014, 04:52:26 AM

That depends a bit on when you are talking about: today, tomorrow, 5 years from now, 10 years from now . . . Wink

I think this may be the hardest thing to balance in the crypto world for Devs. You want to build for the long term but things move so fast and there is so much competition that if you don't pay attention to the now as well you will get passed by.

"Things may come to those who wait, but only the things left by those who hustle.” Abraham Lincoln Wierd that their pinned tweet says just that yet no announcements in a long time.

They have stated that there will be an announcement this week

Yes, but if there was any movement made during the Naut hype, during the Doge race, during the DRK run when people had their profits, DGB could have sent itself to the launch pad. Opportunities were not capitalized on. Now personally I understand when personal things come up, but in the eyes of the crypto world, who I swear has ADD, you need to be as transparent as possible.

the_game1224

sr. member

Activity: 252

Merit: 250

Quote from: 22langer22 on May 29, 2014, 10:56:34 AM

Quote from: the_game1224 on May 29, 2014, 10:15:01 AM

Quote from: HR on May 29, 2014, 04:52:26 AM

That depends a bit on when you are talking about: today, tomorrow, 5 years from now, 10 years from now . . . Wink

I think this may be the hardest thing to balance in the crypto world for Devs. You want to build for the long term but things move so fast and there is so much competition that if you don't pay attention to the now as well you will get passed by.

"Things may come to those who wait, but only the things left by those who hustle.” Abraham Lincoln Wierd that their pinned tweet says just that yet no announcements in a long time.

They have stated that there will be an announcement this week

22langer22

newbie

Activity: 38

Merit: 0

Quote from: the_game1224 on May 29, 2014, 10:15:01 AM

Quote from: HR on May 29, 2014, 04:52:26 AM

That depends a bit on when you are talking about: today, tomorrow, 5 years from now, 10 years from now . . . Wink

I think this may be the hardest thing to balance in the crypto world for Devs. You want to build for the long term but things move so fast and there is so much competition that if you don't pay attention to the now as well you will get passed by.

"Things may come to those who wait, but only the things left by those who hustle.” Abraham Lincoln Wierd that their pinned tweet says just that yet no announcements in a long time.

the_game1224

sr. member

Activity: 252

Merit: 250

Quote from: HR on May 29, 2014, 04:52:26 AM

That depends a bit on when you are talking about: today, tomorrow, 5 years from now, 10 years from now . . . Wink

I think this may be the hardest thing to balance in the crypto world for Devs. You want to build for the long term but things move so fast and there is so much competition that if you don't pay attention to the now as well you will get passed by.

the_game1224

sr. member

Activity: 252

Merit: 250

Quote from: iikun on May 28, 2014, 11:37:41 PM

Quote from: ycagel on May 28, 2014, 07:10:39 PM

We need to get more marketing done. I have been asking about PR contacts for quite some time. Does anyone in the community have any folks that would do a story on DGB?!

Thanks,
YC

The cnbc thing helped a little but it was only a short lived gain. Perhaps we should follow the 'if you build it they will come' principle and look at features more than marketing. After all, from a real benefit point of view all we have is the speed of transactions. Something innovative like Dark had with annonimity might work better long term.

Definitely need a good mix of both PR and features. You can have all the features in the world but if few know about them what good are they? On the other side you can market all you want but if the product is inferior or not unique it won't do any good.

coin-table

full member

Activity: 308

Merit: 100

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illodin

hero member

Activity: 966

Merit: 1003

I wrote this same thing in a couple of other alt coin threads I'm (bag)holding, and certainly wouldn't mind someday seeing DigiByte pulling this off - this could potentially be the greatest thing in terms of getting DigiByte to the people:

Quote from: illodin on May 28, 2014, 10:15:56 PM

Btw, would it be possible to implement something like this?
http://www.quickcoin.co/
http://www.coindesk.com/facebook-integrated-wallet-makes-sending-bitcoin-easy-messaging/
https://bitcointalksearch.org/topic/ann-introducing-the-quickcoin-social-wallet-619881

It is supposedly an add-on to facebook with which you can send bitcoins to your facebook friends. I don't have facebook myself and never used it so no idea how those add-ons work, but I realize the potential would be huge.

HR

legendary

Activity: 1176

Merit: 1011

Transparency & Integrity

Quote from: maxsinner on May 29, 2014, 04:26:56 AM

Quote from: HR on May 29, 2014, 02:54:37 AM

Total US M2 money supply was $11.269 TRILLION on 2014-05-12.
http://research.stlouisfed.org/fred2/series/M2/

That's 536.62 times as much as eventual DGB.

And it's still worth a Dollar! Cheesy

21 billion is puny in comparison (especially when taken in a worldwide context where the combined M2 of industrial nations is around 6 times that of just the US). If anything, one might argue that 21 billion borders on the low end.

I suggest you don't get overly excited about those numbers. You need to think first what is a realistic market share for DigiByte out of all that. And if you come up with anything larger than 0.001%, I will call you delusional.

That depends a bit on when you are talking about: today, tomorrow, 5 years from now, 10 years from now . . . Wink

Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1371. (Read 3058812 times)