Was the $250 000 investment ever revealed to the community and was it direct dollar investment or bitcoin ?
The initial private investment was announced here: http://www.coindesk.com/digibyte-raises-250k-altcoin-retail-payments/In the last year it has been used to develop DigiByteGaming, DigiByteTip, DigiByte Market, DiguSign, DigiHash, DigiByte Gaming Wallet, DigiExplorer, Tofugear Omnitech integration, Easy Miner as well as to maintain several servers, all wallets, and seed nodes that keep the network healthy, alive and relevant. We are also maintaining an office in Hong Kong with several developers. Combined with marketing, travel, video production and other expenses we have done well with very limited resources compared to others in this space. We have never have attempted to raise funds, or ask the community to crowd fund development.
For those still in doubt there are videos online showing our HK office: https://www.youtube.com/watch?v=r4JFALjythE
Through the DigiShield, MultiAlgo, MultiShield and DigiSpeed hard-forks we have added several unique things to the DigiByte codebase that has now been copied by many other coins in different ways. As we have mentioned many, many times in the past our hat is off to the pioneering effort of Myriadcoin with multialgo. However our current protocol implementation & codebase is very different than Myriads.
After the recent DigiSpeed hardfork we have decided the network is in a stable enough position for the time being and that we should focus on increasing user adoption with real world use cases. You can have the most innovative, high tech, cutting edge crypto advancement in the world but if no one knows about it how useful is it? More importantly, how can they use it in a simple, easy manner?
We are already well ahead of other cryptos from a technical perspective. Now we just need to scale everything for mass adoption in the video gaming industry worldwide. There is still la lot of work to be done on many fronts, and no single person or handful of people can do it all alone. It is a worldwide, community effort that will take DigiByte to the top.
As stated many, many times we are in this for the long haul. We are not here for a pump and dump. We are here for sustained, committed growth with real world commerce to back our growth. As we approach the NYC event it is important to note it will almost be two years to the day that DigiByte was first presented to the world on a stage in New York City: https://www.youtube.com/watch?v=JkWVD8MJlS0
Since that day a lot has changed in this industry. 95% of the coins presented that day are no longer around or relevant. Over the past few days we have approached around $4 Million USD in trading volume which is about the same as our entire Marketcap and we are the #3 traded crypto in the world yet we are only ranked in the 20's on coinmarketcap.
You ask how this can be possible? The simple answer is we are one of the only cryptos with a truly fair distribution (I personally only own 5M which I earned from mining over past two years) as we are not sitting on a giant premine/instamine or crypto IPO as most of the top 20 are. This is very powerful and people are beginning to realize it.
Thank you to everyone for your continued support!
- Jared
Why not just use your real accounts?
