Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1371. (Read 3058926 times)

Guys... in my opinion, what we need too is to have investors. Pumping Digibyte is probably very easy for big BTC holders... and much more easy than pumping other coins like BTC-LTC-DRK-NAUT-DOGE... because of the actual volumes of DGB trades. But unfortunately I'm not one of these rich and powered guys

Maybe some of you will think that after a pump, there will be a dump. But for DGB, i'm pretty sure it will be kinda different, because :

- this bitcointalk thread is one of the fullest thread and lots of people knows DGB by it (and probably a lot of guys, even if they have not a lot of DGB actually, stay informed because they see in Digibyte a good potential)
- I remember the panic BUYING of the last month, when "maybe" a lil' group of pumper have put DGB to around 75 satoshis.
- DGB is kinda undervalued yet. But not a bit, really!

That's why I think if we can find some investors, teamed (I can dream), who will be able to "help" the DGB market when an official good news from the DGB devs (twitter, facebook...) will be released, this can be one way to rise DGB in a sustainable way.

To conclude, I think DGB have difficulties in its price charts only because it is actually at a critical low point. The day when DGB will be around 150+ satochi, interests on it will grow and ONLY THEN Digibyte will "fly with it's own wings" (french expression, I dunno if this is understandable when translated^^)

Regards.

See you There, will Jared be going?

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

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.

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.

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 am planning to be there too A DGB lover too

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

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?

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.

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.

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

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.

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.

They have stated that there will be an announcement this week

"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.

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.

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.

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