★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 545.

Jumbley

legendary

Activity: 1218

Merit: 1003

Quote from: Sharkzz1 on February 24, 2016, 03:00:33 PM

I thought the inflation discussion was pretty interesting so here are my thoughts about it:
Let's compare it to Dogecoin because it has quite a similar price.

DigiByte:
-15 Sec block times
-1055 DGB per block according to CoinWarz, i don't mine so i don't really know if it's up to date Tongue

-5760 Blocks per day = Approx. 6.076.800 DGB per day
-At current price of 50 Sat about 3BTC per day

Dogecoin:
-60 Sec block times
-10.000 DOGE per block
-1440 Blocks per day = 14.400.000 DOGE per day
-At current price of 65 Sat about 9.36 BTC per day

As you can see, Doge has way more coins coming in per day.
And with Doge there is also a issue, they don't have any block reward reduction, so it stays 10.000 for ever and ever.
DGB does have block reward reduction and only has about 4.220 DGB mined per minute compared to DOGE's 10.000.
Look at the amount of coins DOGE has compared to DGB, 17 times more than DGB!! Huh

So even though it has way more coins than DGB and the amount of coins mined is more than 2 times the amount of DGB it has a WAY bigger community than DGB.
I looked at their Reddit and it has almost 79.000 Dogesupporters compared to our 2028 DGB supporters.
So i think there won't be any inflation issues as long as we have enough DGB supporters.

Good point Sharkzz1! I’m sure if you chose to you could offload a shed load of DigiByte and still make a profit now, because you bought it cheaply. What there does not seem to be anywhere today, is hard evidence that a solution to inflation is reducing coin production but perhaps with a much larger community there could be. I find it difficult to think about inflation or deflation anyway when I’m not sure what the starting point is. With the volatility and amount of variables in crypto, its just not funny!

Sharkzz1

sr. member

Activity: 880

Merit: 251

Think differently

I thought the inflation discussion was pretty interesting so here are my thoughts about it:
Let's compare it to Dogecoin because it has quite a similar price.

DigiByte:
-15 Sec block times
-1055 DGB per block according to CoinWarz, i don't mine so i don't really know if it's up to date Tongue

-5760 Blocks per day = Approx. 6.076.800 DGB per day
-At current price of 50 Sat about 3BTC per day

Dogecoin:
-60 Sec block times
-10.000 DOGE per block
-1440 Blocks per day = 14.400.000 DOGE per day
-At current price of 65 Sat about 9.36 BTC per day

As you can see, Doge has way more coins coming in per day.
And with Doge there is also a issue, they don't have any block reward reduction, so it stays 10.000 for ever and ever.
DGB does have block reward reduction and only has about 4.220 DGB mined per minute compared to DOGE's 10.000.
Look at the amount of coins DOGE has compared to DGB, 17 times more than DGB!! Huh

So even though it has way more coins than DGB and the amount of coins mined is more than 2 times the amount of DGB it has a WAY bigger community than DGB.
I looked at their Reddit and it has almost 79.000 Dogesupporters compared to our 2028 DGB supporters.
So i think there won't be any inflation issues as long as we have enough DGB supporters.

Jumbley

legendary

Activity: 1218

Merit: 1003

edit: ^^^REF:Cryptojunkey post above. (I left it alone as it was addressed to Jared)

3 bitcoin in not an enormous amount, not when you compare to BTC coming onto the market but bitcoin has a hell of a lot more mining than we do. It is true that many people invested in DigiByte have no mining, so are not supporting their investment if it is a large amount of DGB they have.

Even I will argue that mining has to increase dramatically to alleviate this problem as well as strengthen our network. Maybe it would be a good idea to slow down production in ratio to aggregate mining, so that more DGB would be made available as mining increased until it reached a target level.

I know this would play havoc with the 21 years thing but what is that anyway?

On the other hand, left as it is you could say it will all come out in the wash and sort itself out on its own some day. The question is will we survive that long if we do nothing, perhaps?

By slowing things down, effectively we would be allowing new mining that joined our network to be as profitable as existing mining and that might have a big draw!

But then again, maybe the miners that we already have would just leave!

There is always more than one way to look at anything.

Cryptojunkey

sr. member

Activity: 250

Merit: 250

Quote from: 24hralttrade on February 23, 2016, 10:45:34 AM

Quote from: HR on February 23, 2016, 05:24:03 AM

Quote from: Jumbley on February 22, 2016, 09:38:55 PM

Quote from: Cryptojunkey on February 22, 2016, 09:11:20 PM

How are you going to convince any new person into crypto to invest in something thats bringing 3btc worth in circulation daily?

Mining is very important ... This is what will drive the value ... because people will always have coins that they acquired for less ... but there is only so many so the price should creep upwards ...

Do you think you've addressed the question adequately?

Quote from: Jumbley on February 22, 2016, 09:38:55 PM

The 3 btc is not really relevant ...

Is that an slight of hand disqualification?

Quote from: Jumbley on February 22, 2016, 10:41:14 PM

Quote from: Cryptojunkey on February 22, 2016, 10:09:49 PM

Mining does serve its purpose that is not the argument. Its the inflation.

... you should ... you should ... you should ...

After 4-5 lines, again, without addressing the issue, you end with a succession of "you shoulds".

Is it really that difficult to treat things seriously, and people with respect? In this case you might have begun by recognizing that the issue is of long standing concern, and then cite the reasons why the pros have won out over the cons, for example, perhaps by even posting links to those previous conversations. You could also make some of those old comparisons like that with DOGE to underscore the uncertainty regarding whether a cut in total coin supply would really help or not. You could also mention long term M2 money supply comparisons that have been made and are there for the reading . . . In short, the question could be dealt with in a serious and respectful manner.

I understand the need to feel like we have things under control, but life isn't always so kind. Glib and frivolous responses may give a momentary sensation of perfect normality, but long term the result is the opposite. People with serious questions who seek open dabate and interchange of ideas with others are driven away when that discourse is stifled.

Why is so difficult to have real open honest, and, yes, even serious and intelligent discussions on this thread? And you know by now Jumbley, that this question is not limited to you as my "journeys" of the last few weeks have clearly shown that this issue goes right to the top.

Why is it so difficult to stand back and let others engage in conversations instead of always jumping in "to give a final solution" precisely where final solutions often don't exist? And where they do exist, is it so difficult to discuss and give them in an understadable and serious way? From the most highly technical, to the promotional, to the most basic of user usabilty?

Since I have also discovered that things need to be dealt with clearly and one at a time, please treat all my rhetorical questions and examples as something used to support the need to formulate this main question: The idea behind a community bulletin board like this is to promote interaction in a professional and serious manner that inspires confidence, and not cut it off with frivolousness (magic knights might be a good way to explain things to young children, but it doesn't have the same effect with adults), to engage people, and not to alienate, don't you agree?

BTW, that's a yes/no question too. Wink

Like I've said, very few will insist like I have - most will immediately desist.

1#
"3BTC" worth of Digibyte is getting mined per day, hard to say how much is put on the market on a daily basis but with an average of 60 btc per day across all exchanges i think Digibyte can handle this for now.( my gues is that something like 50% is kept in wallets by supporters.)

2#
It really is not, Explained above

3#
We do not agree with you on everything, Everybody haves his own vision,Thougts and ways of doing things, Cant you accept that?

Why does jumbley need to stand back? Who is giving you the right to say so? You are the same as me,Jumbley,EPLDCC or anyone else in this community and this is not giving you any rights to tell people to GTFO.
We are here to help jared and The digibyte team to make a better future of Digibyte and everyone can do this how he or she wants, Maybe some points are incorrect and needs to be changed, Maybe some points do not fully agree on your hard data. Or maybe your hard data is not 100% correct?

Again, im not talking about who wrong or who is right. I just want to be clear that everybody is welcome in this community, even If he or she agrees with you/me/others or not.
And no, im not picking sides like you said i do in private before, I just want everybody to go along with eachother and have healthy/normal discussions on the forums AND in private.

You have been very hard to all of us in private chats, And yes, maybe You are right on some points but do we all need to fully agree on everything? Dont we have anything to say or think? Or do you want us all to go your way of thinking,working or anything else you dont like?

I'm getting sick of this bitchfight, Getting sick of reading 7 pm's per day about you making your point and really kicking Jumbley, and EPLDCC in the nuts for having theire own thoughts and vision and way of doing things.

Does it really needs to go this way? Really?

Because why do you bother so hard if you already stated to us you want to leave?

Again, that does not answer my question. Very likely that there really is no good answer except 3btc is an enormous amount - theres no denying it. That is just in a days time!

We do not know how much gets put on the market each day, that is rather irrelevant and does vary. We do know what does come from mining. Without some serious adoption it will kill the value of the coin. When a new user invests in DGB they should feel secure and given every plausible cause for their money to grow.

Poloniex sell side gets bigger by the week, i been watching it for quite some time. Theres no good reason to excess inflation. Just take a look around all the highly inlationary coins dont do so well.

Jared, Im turning to you for answers? Or better yet a solution would be best, after all arent you here for us users?

Please enlighten me, how a crapload of digibytes being spewed in circulation is going to be best for investor confidence and well being of your project?

Jumbley

legendary

Activity: 1218

Merit: 1003

Quote from: bitkapp on February 24, 2016, 04:40:00 AM

Quote from: MicrosoftMike on February 24, 2016, 03:34:42 AM

Quote from: DigiByte on February 24, 2016, 02:00:21 AM

Quote from: JayBex on February 23, 2016, 06:56:32 PM

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

rough price estimate for in 6-12 months?

Its very hard to predict these things but you can make your own analysis and decide whether you think up or down. (You'll probably conclude up Tongue

)

It is impossible to predict unless you are manipulating the market yourself!

ghostycc

sr. member

Activity: 270

Merit: 250

Lovin' Crypto

Quote from: MicrosoftMike on February 24, 2016, 03:34:42 AM

Quote from: DigiByte on February 24, 2016, 02:00:21 AM

Quote from: JayBex on February 23, 2016, 06:56:32 PM

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

rough price estimate for in 6-12 months?

Was around 25 / 35 sats last year.

Sometime the price goes back to 40's.. preferable to buy.

The price is slighty moving up.
Slowly until people realize it's definitely going to move up. Then probably some pikes and roller coaster until we know the real value. We already started being shaked Cheesy

bitkapp

hero member

Activity: 517

Merit: 500

aka alaniz

Quote from: MicrosoftMike on February 24, 2016, 03:34:42 AM

Quote from: DigiByte on February 24, 2016, 02:00:21 AM

Quote from: JayBex on February 23, 2016, 06:56:32 PM

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

rough price estimate for in 6-12 months?

Its very hard to predict these things but you can make your own analysis and decide whether you think up or down. (You'll probably conclude up Tongue

)

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: MicrosoftMike on February 24, 2016, 03:34:42 AM

Quote from: DigiByte on February 24, 2016, 02:00:21 AM

Quote from: JayBex on February 23, 2016, 06:56:32 PM

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

rough price estimate for in 6-12 months?

Between 1 DOGE sat and 100.000.000 bitcoin sat Tongue

MicrosoftMike

member

Activity: 106

Merit: 10

Quote from: DigiByte on February 24, 2016, 02:00:21 AM

Quote from: JayBex on February 23, 2016, 06:56:32 PM

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

rough price estimate for in 6-12 months?

DigiByte

legendary

Activity: 1722

Merit: 1051

Official DigiByte Account

Quote from: JayBex on February 23, 2016, 06:56:32 PM

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Have you tried deleting the chain and resyncing from the beginning?

JayBex

newbie

Activity: 43

Merit: 0

My core wallet is stuck at block 1441636, I've reindexed it 3 times, anyone any ideas?

Jumbley

legendary

Activity: 1218

Merit: 1003

Quote from: 24hralttrade on February 23, 2016, 04:10:20 PM

Quote from: HR on February 23, 2016, 03:08:39 PM

Instead of wasting time with excuses and looking for someone else to blame, why not just quit your whining, grow up, and get on with doing a better job of creating community?

Or does that sound too negative for you?

I just hang up the phone with a new merchant for Digibyte, Soon we can welcome www.elektrischefietswinkel.com because he is adding Digibyte to his payment options on his webshop.
The owner of the webshop is following us and supporting us by mining Digibyte for a while now.

We are doing a good job.

Now I can see it, oh yeah Michael, those instructions are not so detailed are they but well done good start!

What kind of challenge will he set you next, i wonder?

bitkapp

hero member

Activity: 517

Merit: 500

aka alaniz

Quote from: 24hralttrade on February 23, 2016, 04:10:20 PM

Quote from: HR on February 23, 2016, 03:08:39 PM

Instead of wasting time with excuses and looking for someone else to blame, why not just quit your whining, grow up, and get on with doing a better job of creating community?

Or does that sound too negative for you?

I just hang up the phone with a new merchant for Digibyte, Soon we can welcome www.elektrischefietswinkel.com because he is adding Digibyte to his payment options on his webshop.
The owner of the webshop is following us and supporting us by mining Digibyte for a while now.

We are doing a good job.

Thanks 24harl for sorting that out! Great community work guys!

24hralttrade

hero member

Activity: 756

Merit: 500

Community Liaison,How can i help you?

Quote from: HR on February 23, 2016, 03:08:39 PM

Instead of wasting time with excuses and looking for someone else to blame, why not just quit your whining, grow up, and get on with doing a better job of creating community?

Or does that sound too negative for you?

I just hang up the phone with a new merchant for Digibyte, Soon we can welcome www.elektrischefietswinkel.com because he is adding Digibyte to his payment options on his webshop.
The owner of the webshop is following us and supporting us by mining Digibyte for a while now.

We are doing a good job.

Jumbley

legendary

Activity: 1218

Merit: 1003

I'm assuming that was a demonstration of customer care and professionalism that puts anything we were doing to shame. If however it was anything else, why not join me and hit the ignore button because he is this to me ‘This user is currently ignored.’ If you do ever feel the need to join me in here just let me know in a post or I will assume you are loving it and I really have no inclination to check!

HR

legendary

Activity: 1176

Merit: 1011

Transparency & Integrity

Instead of wasting time with excuses and looking for someone else to blame, why not just quit your whining, grow up, and get on with doing a better job of creating community?

Or does that sound too negative for you?

Edit: A little honesty might not do you any harm either.

bitkapp

hero member

Activity: 517

Merit: 500

aka alaniz

Quote from: ghostycc on February 23, 2016, 08:50:23 AM

You are painful.
Both of you. And this community doesn't need a drama.
You're both not professional. Explain yourself in private.
No one really care anymore about your debate.

Lol I know, its getting so old...

24hralttrade

hero member

Activity: 756

Merit: 500

Community Liaison,How can i help you?

Quote from: HR on February 23, 2016, 05:24:03 AM

Quote from: Jumbley on February 22, 2016, 09:38:55 PM

Quote from: Cryptojunkey on February 22, 2016, 09:11:20 PM

How are you going to convince any new person into crypto to invest in something thats bringing 3btc worth in circulation daily?

Mining is very important ... This is what will drive the value ... because people will always have coins that they acquired for less ... but there is only so many so the price should creep upwards ...

Do you think you've addressed the question adequately?

Quote from: Jumbley on February 22, 2016, 09:38:55 PM

The 3 btc is not really relevant ...

Is that an slight of hand disqualification?

Quote from: Jumbley on February 22, 2016, 10:41:14 PM

Quote from: Cryptojunkey on February 22, 2016, 10:09:49 PM

Mining does serve its purpose that is not the argument. Its the inflation.

... you should ... you should ... you should ...

After 4-5 lines, again, without addressing the issue, you end with a succession of "you shoulds".

Is it really that difficult to treat things seriously, and people with respect? In this case you might have begun by recognizing that the issue is of long standing concern, and then cite the reasons why the pros have won out over the cons, for example, perhaps by even posting links to those previous conversations. You could also make some of those old comparisons like that with DOGE to underscore the uncertainty regarding whether a cut in total coin supply would really help or not. You could also mention long term M2 money supply comparisons that have been made and are there for the reading . . . In short, the question could be dealt with in a serious and respectful manner.

I understand the need to feel like we have things under control, but life isn't always so kind. Glib and frivolous responses may give a momentary sensation of perfect normality, but long term the result is the opposite. People with serious questions who seek open dabate and interchange of ideas with others are driven away when that discourse is stifled.

Why is so difficult to have real open honest, and, yes, even serious and intelligent discussions on this thread? And you know by now Jumbley, that this question is not limited to you as my "journeys" of the last few weeks have clearly shown that this issue goes right to the top.

Why is it so difficult to stand back and let others engage in conversations instead of always jumping in "to give a final solution" precisely where final solutions often don't exist? And where they do exist, is it so difficult to discuss and give them in an understadable and serious way? From the most highly technical, to the promotional, to the most basic of user usabilty?

Since I have also discovered that things need to be dealt with clearly and one at a time, please treat all my rhetorical questions and examples as something used to support the need to formulate this main question: The idea behind a community bulletin board like this is to promote interaction in a professional and serious manner that inspires confidence, and not cut it off with frivolousness (magic knights might be a good way to explain things to young children, but it doesn't have the same effect with adults), to engage people, and not to alienate, don't you agree?

BTW, that's a yes/no question too. Wink

Like I've said, very few will insist like I have - most will immediately desist.

1#
"3BTC" worth of Digibyte is getting mined per day, hard to say how much is put on the market on a daily basis but with an average of 60 btc per day across all exchanges i think Digibyte can handle this for now.( my gues is that something like 50% is kept in wallets by supporters.)

2#
It really is not, Explained above

3#
We do not agree with you on everything, Everybody haves his own vision,Thougts and ways of doing things, Cant you accept that?

Why does jumbley need to stand back? Who is giving you the right to say so? You are the same as me,Jumbley,EPLDCC or anyone else in this community and this is not giving you any rights to tell people to GTFO.
We are here to help jared and The digibyte team to make a better future of Digibyte and everyone can do this how he or she wants, Maybe some points are incorrect and needs to be changed, Maybe some points do not fully agree on your hard data. Or maybe your hard data is not 100% correct?

Again, im not talking about who wrong or who is right. I just want to be clear that everybody is welcome in this community, even If he or she agrees with you/me/others or not.
And no, im not picking sides like you said i do in private before, I just want everybody to go along with eachother and have healthy/normal discussions on the forums AND in private.

You have been very hard to all of us in private chats, And yes, maybe You are right on some points but do we all need to fully agree on everything? Dont we have anything to say or think? Or do you want us all to go your way of thinking,working or anything else you dont like?

I'm getting sick of this bitchfight, Getting sick of reading 7 pm's per day about you making your point and really kicking Jumbley, and EPLDCC in the nuts for having theire own thoughts and vision and way of doing things.

Does it really needs to go this way? Really?

Because why do you bother so hard if you already stated to us you want to leave?

luongdk

full member

Activity: 686

Merit: 102

Quote from: ?? on ??

There is no longer any debate ghostycc, I will no longer reply to any of his communication.

So I won't ignore you again Grin

ghostycc

sr. member

Activity: 270

Merit: 250

Lovin' Crypto

You are painful.
Both of you. And this community doesn't need a drama.
You're both not professional. Explain yourself in private.
No one really care anymore about your debate.

Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 545. (Read 3059029 times)