Author

Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 768. (Read 3059029 times)

legendary
Activity: 3108
Merit: 1029
Is there something wrong with digibit wallet or it's just me? I don't get connected to peers..
sr. member
Activity: 266
Merit: 250
DigiByte? Yes!
Also just as an FYI a perfectly efficient market doesn't have any arbitrage opportunities. In a free market arbitrage opportunities are taken advantage of because its logical to do so. I prefer that the DGB community + devs take that opportunity rather than some pumper and dumper who doesn't give a **** about DigiByte. Those are my two cents and I have had a bunch of hardcore supporters say they like the idea. We'll see what happens; plus I don't think the trading volume and volatility is high enough atm to really make any difference (I'd be surprised if my bot trades more than 100k DGB per day in the current markets). Taking a look at cryptsy and bittrex volumes I highly doubt that 100k a day will have any meaningful manipulative effect on the markets.

Those are my two cents although I understand the concern.

Yes it's logical to take advantage of price differences across exchanges. If I had enough capital, I'd do the same thing. But there's a difference between an individual doing it and the DGB team.

I don't think the Digibyte team should support an attempt to control the price for profit. If they support this, imagine people saying "Oh, DGB is just another P&D coin - even their own devs support this".

We definitely do not want to see that happen.
hero member
Activity: 517
Merit: 500
aka alaniz
Also just as an FYI a perfectly efficient market doesn't have any arbitrage opportunities. In a free market arbitrage opportunities are taken advantage of because its logical to do so. I prefer that the DGB community + devs take that opportunity rather than some pumper and dumper who doesn't give a **** about DigiByte. Those are my two cents and I have had a bunch of hardcore supporters say they like the idea. We'll see what happens; plus I don't think the trading volume and volatility is high enough atm to really make any difference (I'd be surprised if my bot trades more than 100k DGB per day in the current markets). Taking a look at cryptsy and bittrex volumes I highly doubt that 100k a day will have any meaningful manipulative effect on the markets.

Those are my two cents although I understand the concern.
hero member
Activity: 517
Merit: 500
aka alaniz
digistats.info is back online - bear in mind that the market data is still not working and I will try to fix it within the week

It's good to see the site back, but the blockchain data is still wrong...

I exported all the transactions from an old mining address of mine and put them into a spreadsheet and summed it up: http://jmp.sh/1zynLIS

The total matches what's on Digiexplorer: http://digiexplorer.info/address/DLtAwfiAscztgDWdBeBuoriLmno2bAd87r

DigiStats is wrong: http://www.digistats.info/#/address/DLtAwfiAscztgDWdBeBuoriLmno2bAd87r

Hopefully the fix will be as easy as downloading the blockchain again.

I'm running a script now that should solve this issue; hope it does!

As I've said before esoteric (which built the sync scripts) has been offline for 2 months and I cannot contact him and its hard to navigate through 1000's of lines of code that I haven't written. I will try my best but there are no assurances until he comes back online.
hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
Is there a way to change my web wallet password?

Is this for dgbwallet.com?
I think the only way to change is to login and change it in settings.

Cheers
member
Activity: 98
Merit: 10
Is there a way to change my web wallet password?
hero member
Activity: 924
Merit: 1000
Started tweeting out conversations about Digibyte and Walmart responded to us! Winklevoss Capital is following us! Let's keep on reaching out to get DGB on the map! Takes 1 company / person to help us!

YC
member
Activity: 98
Merit: 10
Cant log in to my dgb web wallet now  Undecided
sr. member
Activity: 266
Merit: 250
DigiByte? Yes!
digistats.info is back online - bear in mind that the market data is still not working and I will try to fix it within the week

It's good to see the site back, but the blockchain data is still wrong...

I exported all the transactions from an old mining address of mine and put them into a spreadsheet and summed it up: http://jmp.sh/1zynLIS

The total matches what's on Digiexplorer: http://digiexplorer.info/address/DLtAwfiAscztgDWdBeBuoriLmno2bAd87r

DigiStats is wrong: http://www.digistats.info/#/address/DLtAwfiAscztgDWdBeBuoriLmno2bAd87r

Hopefully the fix will be as easy as downloading the blockchain again.
sr. member
Activity: 527
Merit: 251
Quality Crypto Collector
Here is an idea I had recently (original post can be found on the DigiByteForum, click here for more information. If you guys agree or have suggestions please post on the digibyteforum because its easier to have a specific conversation there as opposed to here).

Quote
Hey guys,

I wanted to fly by an idea that I had recently. As you all know the price of DGB has decreased by about 50% since the start of the summer. I was thinking of creating a trading bot (DigiBot?) to "stabilize" the price or intervene in the market when necessary as well as reduce the possibility for arbitrage across the multiple exchanges. I know some people might not agree with the idea but I think its a good way to make some DGB that can then be reinvested in something like a Digibyte group marketing campaign.

I was thinking we could structure this in the same way a fund is structured. Ideally it would be nice to start with approx 1-2m DGB. Every "investor" would have his initial investment recorded and a percentage of the "equity" in the fund. As the fund makes money every investor would have his share of the profits payed out to him (say once a month). The fund would take a commission for maintaining the bot/server (as a percentage) and a voluntary donation (also as a percentage) that would go towards DGB development.

Basically Im thinking of a fund that both helps stabilise the DGB market, reduces arbitrage, makes some money for the investor and helps promote DGB all at the same time. If there is real interest I will make an official post and a format post for people to tell me there initial investment, donation option etc. for me to record for future payouts. I haven't started developing this but I am planning to start shortly (basically once DigiStats is back online and fixed).

Tell me what you guys think and lets get the ball rolling on this if people are interested.

Cheers!  

An excellent idea.  But then, I would say that, as this concept had occurred to me already; not being a techie there's nothing I can do to pursue it.

However, I'm glad that someone is willing to give it a go, and I for one will be willing to invest in the fund as and when you are ready to launch.
member
Activity: 98
Merit: 10
I agree with jumbley everyone else pumps and dumps without care for their own profits
legendary
Activity: 1218
Merit: 1003

I think I expressed myself wrong; the main aim of this is to reduce arbitrage opportunities which increase price discovery and equalizes the trading volume over the multiple exchanges. This is exactly in the spirit of the free market and is in fact encouraged. And the fee is in the spirit of any type of project like this one. Voluntary donation as suggested will be used to fund PR campaigns on DigiByte Group.

I really don't see the issue, this isn't about centralizing anything; it attempts to reduce price differences between the multiple exchanges.

Once I've hashed out the idea properly I will make a proper forum post on our forum to make my intentions clear.

It still sounds like price manipulation.

Nobody should decide what the price should be. By creating a fund (what the crypto community would call a whale if it was an individual person) to buy/sell DGB with the purpose of 'reducing price differences between exchanges' you are manipulating the price to what you think it should be, not what the open market determines.

I understand your hesitance here, I really do but wouldn't this whale be acting in the interest of the whole community and there is already whales that do not perhaps.
sr. member
Activity: 266
Merit: 250
DigiByte? Yes!

I think I expressed myself wrong; the main aim of this is to reduce arbitrage opportunities which increase price discovery and equalizes the trading volume over the multiple exchanges. This is exactly in the spirit of the free market and is in fact encouraged. And the fee is in the spirit of any type of project like this one. Voluntary donation as suggested will be used to fund PR campaigns on DigiByte Group.

I really don't see the issue, this isn't about centralizing anything; it attempts to reduce price differences between the multiple exchanges.

Once I've hashed out the idea properly I will make a proper forum post on our forum to make my intentions clear.

It still sounds like price manipulation.

Nobody should decide what the price should be. By creating a fund (what the crypto community would call a whale if it was an individual person) to buy/sell DGB with the purpose of 'reducing price differences between exchanges' you are manipulating the price to what you think it should be, not what the open market determines.
legendary
Activity: 1218
Merit: 1003
avoiding bank charges is different matter altogether.  Wink
legendary
Activity: 1218
Merit: 1003
You guys are trying to get into the retail sector right? You should be talking to corporate retailers like wal-Mart , target etc.. Into integrating into using digibyte as a payment option that is tax free.
I don't think it can be tax free, all avoidance of tax will be seriously scrutinized by the tax authority of whichever country the outlet is in.
member
Activity: 98
Merit: 10
You guys are trying to get into the retail sector right? You should be talking to corporate retailers like wal-Mart , target etc.. Into integrating into using digibyte as a payment option that is tax free.
hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
Question?

I am just now reading about earning digi from playing lol.

I am curious about what the business plan is regarding these moneies that are being given away. Am i correct that the $250,000 the digi community got from tofugear is funding this? So basically you guys are just giving away free money to a large game community as a means to advertise digi?

How much is budgeted for this? When do you project to run out of money to hand out for free? Where will the next giveaway money come from?

Thanks

We ( The Digibyte community) did not get any funding from Tofugear. (Please read this press release: http://www.coindesk.com/digibyte-raises-250k-altcoin-retail-payments/ )
(And you might want to have a look at this awesome video about the Tofugear and Digibyte omnichannel platform @ House of blue jeans : https://www.youtube.com/watch?v=XzjMRP4DSBo )

In the near future business can do sponsorships on Digibyte Gaming, They then need to buy Digibytes of the market or from Digibyte so the payout for every winning is sponsored by that company,person,group or anybody that wants to get theire name on the website etc etc.
For now Digibyte is the main sponsor, Soon there will be more marketing and promotions Wink

Please let us know if you need any more information or have any questions.

Best,
24
member
Activity: 98
Merit: 10
With the digibyte gaming people should be able to buy in the game items characters etc just like cash for the free to play games.
sr. member
Activity: 332
Merit: 250
Question?

I am just now reading about earning digi from playing lol.

I am curious about what the business plan is regarding these moneies that are being given away. Am i correct that the $250,000 the digi community got from tofugear is funding this? So basically you guys are just giving away free money to a large game community as a means to advertise digi?

How much is budgeted for this? When do you project to run out of money to hand out for free? Where will the next giveaway money come from?

Thanks
hero member
Activity: 517
Merit: 500
aka alaniz
Discuss guys.

Here is an idea I had recently (original post can be found on the DigiByteForum, click here for more information. If you guys agree or have suggestions please post on the digibyteforum because its easier to have a specific conversation there as opposed to here).

Quote
Hey guys,

I wanted to fly by an idea that I had recently. As you all know the price of DGB has decreased by about 50% since the start of the summer. I was thinking of creating a trading bot (DigiBot?) to "stabilize" the price or intervene in the market when necessary as well as reduce the possibility for arbitrage across the multiple exchanges. I know some people might not agree with the idea but I think its a good way to make some DGB that can then be reinvested in something like a Digibyte group marketing campaign.

I was thinking we could structure this in the same way a fund is structured. Ideally it would be nice to start with approx 1-2m DGB. Every "investor" would have his initial investment recorded and a percentage of the "equity" in the fund. As the fund makes money every investor would have his share of the profits payed out to him (say once a month). The fund would take a commission for maintaining the bot/server (as a percentage) and a voluntary donation (also as a percentage) that would go towards DGB development.

Basically Im thinking of a fund that both helps stabilise the DGB market, reduces arbitrage, makes some money for the investor and helps promote DGB all at the same time. If there is real interest I will make an official post and a format post for people to tell me there initial investment, donation option etc. for me to record for future payouts. I haven't started developing this but I am planning to start shortly (basically once DigiStats is back online and fixed).

Tell me what you guys think and lets get the ball rolling on this if people are interested.

Cheers!  

I am against this idea.

One of the principles of cryptocurrency is that it is decentralized. What you are suggesting is a way to manipulate the price of DGB to keep it where you think it should be. That seems to go against the spirit of what crypto is. It shouldn't be controlled by any one person or entity.

And on top of it, you want to take a percentage of any profits for doing this? Sounds exactly what big banks and investment firms do.

I think I expressed myself wrong; the main aim of this is to reduce arbitrage opportunities which increase price discovery and equalizes the trading volume over the multiple exchanges. This is exactly in the spirit of the free market and is in fact encouraged. And the fee is in the spirit of any type of project like this one. Voluntary donation as suggested will be used to fund PR campaigns on DigiByte Group.

I really don't see the issue, this isn't about centralizing anything; it attempts to reduce price differences between the multiple exchanges.

Once I've hashed out the idea properly I will make a proper forum post on our forum to make my intentions clear.
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