Looks like a lot of coins are following in guldencoins footsteps with the reward changes over longer time frame. Myraid coin also announced they reducing supply.
Reducing supply will be good for digibyte and not put so much pressure on existing users, as a miner I will be disappointed but I can go mine other coins to buy dgb and nlg with.
Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 806. (Read 3059029 times)
July 20, 2015, 12:06:24 PM
July 20, 2015, 11:52:04 AM
Introducing DigiReport Ep.#1: https://www.youtube.com/watch?v=QnK6ofo6RX8
Awesome
Looking forward to seeing them on a regular basis as you have planned.
And the DigiKnow series too!
Great stuff.
As for the reward reduction and 144 years . . . sounds like a long time . . . so long that it gives me the impression deep down that DigiByte is going to be here forever! And from that subliminal standpoint, I'm all for it! (Anything that reinforces the idea that DigiByte is here to stay has to be a good idea.) If it helps deal with selling pressure by the short term profit oriented miners, even better.
Now, you know me, and that I can't post without a suggestion or two:
Go to minute 5:11 of the DigiReport: DigiByte Core Team Projects.
- Can we get that somewhere on the DigiByte.co home page with hot links?
- Permanent and prominent links for the DigiReports and DigiKnows on the home page as well?
Again, great job Jared. You're the man!
July 20, 2015, 10:26:07 AM
Introducing DigiReport Ep.#1: https://www.youtube.com/watch?v=QnK6ofo6RX8
Looks great! What is that thumping noise in the back every so often though?
fingers tapping on the table i believe...
awesome video! that covers about everything. that's quite a number of projects. will you be hiring a few more people into the team?
anyway...i too am up for the reduction - 144 years.
this way, DigiByte will position itself a lot more closer to be side by side with Bitcoin. "1:1000 ratio with Bitcoin, better for micro transactions." Are there any other altcoins that does this btw? that the total supply will be mined in 144 years?
July 20, 2015, 09:53:29 AM
Introducing DigiReport Ep.#1: https://www.youtube.com/watch?v=QnK6ofo6RX8
I love it!Some very exciting things to come for Digibyte!
Thanks for the update Jared, I still dont know about the production, Again a hardfork. If we do this,Can we combine this with the Digispeed hardfork?
So if i'm correct, We will see after the reduction around 5x less Digibytes produced. This is no problem in the future? Is Digibyte still profitable to mine? We NEED miners for security and i'm afraid that we will loose miners by this reduction.
Correct me if i'm wrong,Not a expert in this area
Ow, and i love the Netherlands part
July 20, 2015, 09:52:53 AM
Maybe someone can open up a poll/discussion on http://www.digibyteforum.com/ about the reduction? So Jared doesn't have to count the votes from this topic 
I'm going afk for now, so if someone else could open it, would be awesome!
I'm going afk for now, so if someone else could open it, would be awesome!
you can also generate two DGB-addresses, one for yes and one for no. everyone gives a vote with a transfer of 1DGB to one of these adresses. Fairness is important... (so all DGB users can join the voting)
July 20, 2015, 09:42:33 AM
Introducing DigiReport Ep.#1: https://www.youtube.com/watch?v=QnK6ofo6RX8
Nice video guys, you are really resistant!!
Each day i appreciate digibyte more and more.
July 20, 2015, 09:39:19 AM
Maybe someone can open up a poll/discussion on http://www.digibyteforum.com/ about the reduction? So Jared doesn't have to count the votes from this topic
I'm going afk for now, so if someone else could open it, would be awesome!
I'm going afk for now, so if someone else could open it, would be awesome!
you can also generate two DGB-addresses, one for yes and one for no. everyone gives a vote with a transfer of 1DGB to one of these adresses. Fairness is important... (so all DGB users can join the voting)
July 20, 2015, 09:38:43 AM
Introducing DigiReport Ep.#1: https://www.youtube.com/watch?v=QnK6ofo6RX8
I want to sincerely thank you for taking the time to make these video updates! Though I'm sure you guys are always working hard when we don't hear any updates, its always nice to see the progress and exciting plans for the future of DigiByte!
I would also vote for a reduction at this point.
July 20, 2015, 09:34:25 AM
144 years to me also looking great for the long run. But in the short may cause some pnds.
But which coin does not have that anyway? In fact, DGB has stayed away being a pnd compared to many other coins out there.
But which coin does not have that anyway? In fact, DGB has stayed away being a pnd compared to many other coins out there.
July 20, 2015, 09:32:22 AM
Maybe someone can open up a poll/discussion on http://www.digibyteforum.com/ about the reduction? So Jared doesn't have to count the votes from this topic
I'm going afk for now, so if someone else could open it, would be awesome!
I'm going afk for now, so if someone else could open it, would be awesome!
July 20, 2015, 09:23:46 AM
Introducing DigiReport Ep.#1: https://www.youtube.com/watch?v=QnK6ofo6RX8
Thx.vote for 144 years as a production period
July 20, 2015, 09:08:31 AM
Introducing DigiReport Ep.#1: https://www.youtube.com/watch?v=QnK6ofo6RX8
Thanks good work delivered here!
In for reduction to 144 years yesterday
July 20, 2015, 08:43:15 AM
Introducing DigiReport Ep.#1: https://www.youtube.com/watch?v=QnK6ofo6RX8
July 20, 2015, 07:26:38 AM
And I`m using dgb to transfer btc from cryptsy to trex way fastter
Whattt
I was afraid of this lol July 20, 2015, 06:33:36 AM
And I`m using dgb to transfer btc from cryptsy to trex way fastter
July 20, 2015, 05:54:15 AM
2) currently, DGB is way faster than BTC and i dont have to wait long for the transaction to be done. with DIGISPEED, it will be...WAY FASTER like sonic. i think that is where all the fame and glory will be since DIGISPEED have so many other exciting features. Its a trump card
There is quite a few coins that have under 30 second block times. Unless digispeed is aiming for 10 second block times it won't be the fastest. That title will be held by fast coin with 12 second blocktimes. Emarald coin has 20 seconds blocktimes.
Also how many people here know that myraid coin developed Multi PoW first ? When looking at the front page if you didn't know any better you would think it was digibyte.
That being said it won't be the dev that makes this coin a success but the marketing that is far superior to other coins which is why I even told the myraid coin community they should invest here instead.
http://cointelegraph.com/news/114898/ethereum-prepares-for-take-off
Ethereum going to be 12 seconds per blocks, so yes digispeed would need to aim for 10 seconds per block to be the fastest. I am sure this can be done!
July 19, 2015, 08:37:25 PM
sometimes, when i have small amounts of BTC like 0.1 and i want to transfer that out from Cryptsy, i will instead buy DGB with 0.1 BTC, transfer DGB to another exchange like bittrex and then sell off the DGB for BTC. Here are 2 reasons:
1) sometimes exchange impose fees and withdrawal limits that are high. for Cryptsy, withdrawal limit is 0.1 BTC if i am not wrong. and the fee is 0.001 BTC. as for DGB, fee is just 1 DGB (25sat). so 25sat vs 100000sat...yea...you get the picture.
2) currently, DGB is way faster than BTC and i dont have to wait long for the transaction to be done. with DIGISPEED, it will be...WAY FASTER like sonic. i think that is where all the fame and glory will be since DIGISPEED have so many other exciting features. Its a trump card
1) sometimes exchange impose fees and withdrawal limits that are high. for Cryptsy, withdrawal limit is 0.1 BTC if i am not wrong. and the fee is 0.001 BTC. as for DGB, fee is just 1 DGB (25sat). so 25sat vs 100000sat...yea...you get the picture.
2) currently, DGB is way faster than BTC and i dont have to wait long for the transaction to be done. with DIGISPEED, it will be...WAY FASTER like sonic. i think that is where all the fame and glory will be since DIGISPEED have so many other exciting features. Its a trump card
I do the same thing!
July 19, 2015, 08:31:37 PM
sometimes, when i have small amounts of BTC like 0.1 and i want to transfer that out from Cryptsy, i will instead buy DGB with 0.1 BTC, transfer DGB to another exchange like bittrex and then sell off the DGB for BTC. Here are 2 reasons:
1) sometimes exchange impose fees and withdrawal limits that are high. for Cryptsy, withdrawal limit is 0.1 BTC if i am not wrong. and the fee is 0.001 BTC. as for DGB, fee is just 1 DGB (25sat). so 25sat vs 100000sat...yea...you get the picture.
2) currently, DGB is way faster than BTC and i dont have to wait long for the transaction to be done. with DIGISPEED, it will be...WAY FASTER like sonic. i think that is where all the fame and glory will be since DIGISPEED have so many other exciting features. Its a trump card
1) sometimes exchange impose fees and withdrawal limits that are high. for Cryptsy, withdrawal limit is 0.1 BTC if i am not wrong. and the fee is 0.001 BTC. as for DGB, fee is just 1 DGB (25sat). so 25sat vs 100000sat...yea...you get the picture.
2) currently, DGB is way faster than BTC and i dont have to wait long for the transaction to be done. with DIGISPEED, it will be...WAY FASTER like sonic. i think that is where all the fame and glory will be since DIGISPEED have so many other exciting features. Its a trump card
July 19, 2015, 06:36:45 PM
The only "problem" that currently exists is that people are upset because they aren't getting rich by having millions of DGB. Until people stop worrying about becoming rich, there will be no progress for this coin.
The argument that too many DGB are being created each day is just silly. That's not the reason that DGB doesn't have any value. Nobody knows about DGB and you can't use it for anything worthwhile, that's the real problem.
There are 3600 bitcoin made per day, and 6.5 million DGB per day. Even if DGB dropped to 3600 per day like bitcoin, it still wouldn't have much value.
Yes, I know that there are a couple retail places that "use" DGB, but in reality they don't use actually it. They use 3rd party exchange sites that converts DGB to dollars or euros, and completes the transaction in that currency. There is nowhere you can buy something by using only a DGB wallet to DGB wallet transaction.
Once the word gets out and the general public learns about DGB and if they begin to use it, only then will it gain a real market value.
The argument that too many DGB are being created each day is just silly. That's not the reason that DGB doesn't have any value. Nobody knows about DGB and you can't use it for anything worthwhile, that's the real problem.
There are 3600 bitcoin made per day, and 6.5 million DGB per day. Even if DGB dropped to 3600 per day like bitcoin, it still wouldn't have much value.
Yes, I know that there are a couple retail places that "use" DGB, but in reality they don't use actually it. They use 3rd party exchange sites that converts DGB to dollars or euros, and completes the transaction in that currency. There is nowhere you can buy something by using only a DGB wallet to DGB wallet transaction.
Once the word gets out and the general public learns about DGB and if they begin to use it, only then will it gain a real market value.
July 19, 2015, 03:35:10 PM
I am convinced the bittrex distribution tab puts high supply coins at a major disadvantage when it comes to trading.
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