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Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 807. (Read 3058816 times)

hero member
Activity: 637
Merit: 500
Buy on bittrex again for more coins as the price is lower then cryptsy.
legendary
Activity: 1218
Merit: 1003
How about this for an experiment; everybody that considers themselves to be part of the true Digibyte community ' the knights' move into the official pool digihash for the weekend and lets see what we have.
I'm on digihash... SHA and Qubit
comrade! Grin  We really need a few more...
Now if there were about 8000 as many of us, it would probably hurt if we kicked Bitcoin in the balls.

Yeah, the place is crowded...  Wink
@everyone.
Mining is the life blood of this coin, it is how it is distributed. There are coins out there that don’t have any mining and because of this fact they are able to keep better control over their price but are these better or are they very similar to the fiat systems we already have, to me these are the scam coins and they are quite definitely centralised.
Mining is the investment; it is paramount to the security of a decentralised model, it does not ensure that distribution is equal but it does make distribution fair because the rewards match the work done. People with more resources can mine more but they are also contributing more to the security of the network (supposedly).
The issue we face is that much of our network isn’t there for the common good of DigiByte, it is there to control and manipulate DigiByte and the people doing this are also able to ensure that they turn a tidy profit or at least don’t lose anything; they leave that for us to do.
The DigiByte community has to start taking mining seriously, if we want to move forward. Not all miners are bad but the good ones are overwhelmingly outnumbered. I cannot stress enough, the importance of small distributed miners hashing on our network in an affordable and sustainable manner, en-mass!
Join the Knights and die a free man…. or woman.
sr. member
Activity: 332
Merit: 250
How about this for an experiment; everybody that considers themselves to be part of the true Digibyte community ' the knights' move into the official pool digihash for the weekend and lets see what we have.
I'm on digihash... SHA and Qubit
comrade! Grin  We really need a few more...
Now if there were about 8000 as many of us, it would probably hurt if we kicked Bitcoin in the balls.

Yeah, the place is crowded...  Wink
legendary
Activity: 1218
Merit: 1003
How about this for an experiment; everybody that considers themselves to be part of the true Digibyte community ' the knights' move into the official pool digihash for the weekend and lets see what we have.
I'm on digihash... SHA and Qubit
comrade! Grin  We really need a few more...
Now if there were about 8000 as many of us, it would probably hurt if we kicked Bitcoin in the balls.
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.



Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 319 why isn't the price 1/319th of a Bitcoin?

If dgb was the only alt coin it would be closer to that value but still far off if you compare what bitcoin has to offer. Bitcoin has to service a lot more then the 1000s of alt coins. Aslong as bitcoin remains the top dog it will be hard for any large supply coin to maintain a price over 100 during the early stages as coins are pumped out fast.

You also have miners waiting to dump out as soon as the price reaches reasonable levels and more to sell off in relief as prices increase.

For any large supply coin to ever get to 1 usd value as mentioned in the marketing section of this coin it will need bitcoin to give up its dominance.
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
BlackRock
Vanguard Group
State Street Global Advisors
Fidelity Investments  
J.P. Morgan Asset Mgmt.
BNY Mellon  
Capital Group
PIMCO
Deutsche Asset & Wealth
Goldman Sachs Group
Northern Trust Asset Mgmt.
TIAA-CREF
Prudential Financial
Wellington Mgmt.
NISA Investment
Legg Mason
Goldman Sachs Group
Manulife Asset Mgmt.
Geode Capital Mgmt.
Principal Global Investors
Legal & General Investment  

Interesting how many of these "big guns" don't like making e-mail addresses available. Lot's of physical addresses and telephone numbers, but, as for easy to use e-mail, some are quite aloof. On the other hand, others are much more information and communications technology friendly. :-)

Pisst. Don't tell anyone that I'm spending weekend free time mining high level corporate e-mail addresses.  Shocked

I spent a few hours "mining" yesterday and today, and I've got some 250 or so (only scratching the surface), high quality, executive level, corporate contacts - many interestingly enough from Europe - to use for a test run on Monday.
sr. member
Activity: 332
Merit: 250
How about this for an experiment; everybody that considers themselves to be part of the true Digibyte community ' the knights' move into the official pool digihash for the weekend and lets see what we have.
I'm on digihash... SHA and Qubit
hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
sr. member
Activity: 332
Merit: 250
Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.



Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 319 why isn't the price 1/319th of a Bitcoin?

Think of it this way:

One day I get a great idea. Make coupons that anyone in the world can exchange for any item anywhere. It's like a new sort of money! I post on the internet about it, and alot of other people like the idea. We work out a way to make them not able to be counterfeited and mark these coupons so everyone knows they only came from our "New Money Coupon" group and decide to only print them at a certain rate for a limited amount of time. One day we start printing out these coupons. About a year and a half later between all of us we have all managed to print out about 4.5 billion of them.

One day, I'm feeling pretty proud of myself, so I take my one of my coupons to a local coffee shop that I know accepts Bitcoin. I walk up to the counter, hand them my coupon and say "I would like a coffee please". The person behind the counter won't give me anything because to them my coupon is worthless. I'm feeling pretty bummed out, so I go to McDonalds, and the same thing happens. I try a couple other businesses, but nobody will take my coupon and give me anything.

That's why 1 DGB isn't worth 1/319 of bitcoin.



Good explanation! I have to make you an excuse because my question was ment to show why the theory of the 1/319th and 1/1000th is bull and hoped on an answer of the poster.
It's all about acceptation, trust, supply and demand. So any comparison with other coins will fail. Crypto in it's current form is a commodity like soybeans and gold. When you compare wheat with soybeans there are some similarities but pricewise they are totally different. The same with DGB and BTC or DOGE or whatever. The only comparison is the current value of the mined coins compared to the current value of some other mined coin.
The moment DGB doubles in price for whatever reason, some large farms point their gear towards DGB and wham! a shitload of DGB will be sold on the market and the market will level out to a price where supply and demand are in a healthy balance.

     
sr. member
Activity: 254
Merit: 250
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This looks good for EU --VAT free EU on BTC--- . We getting there!!!
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http://www.coindesk.com/european-court-of-justice-official-proposes-bitcoin-vat-exemption/
sr. member
Activity: 527
Merit: 251
Quality Crypto Collector
My advice would be; don't be fooled into giving up your dgb down here because that is what the game is and take advantage of the offloading zombies while you can.
Good advice Jumbley.  That's exactly what I am doing.  Grin

Judging by the fact that no-one seems to be too awfully concerned about the "momentary lull" in DGB momentum, I'm guessing the the majority are doing exactly the same.

 Grin

There's always a silver lining. 


Or long term opportunity missed.


Be careful what you hope for, and don't shoot yourself in the foot with trivial compromises. Wink



But that's exactly the point, HR.  It is a "momentary lull".

Jared 'Scottie' Tate is heating up the warp engines even as we type.

Aye, Captain!!
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
My advice would be; don't be fooled into giving up your dgb down here because that is what the game is and take advantage of the offloading zombies while you can.
Good advice Jumbley.  That's exactly what I am doing.  Grin

Judging by the fact that no-one seems to be too awfully concerned about the "momentary lull" in DGB momentum, I'm guessing the the majority are doing exactly the same.

 Grin

There's always a silver lining. 


Or long term opportunity missed.


Be careful what you hope for, and don't shoot yourself in the foot with trivial compromises. Wink

sr. member
Activity: 266
Merit: 250
DigiByte? Yes!
Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.



Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 319 why isn't the price 1/319th of a Bitcoin?

Think of it this way:

One day I get a great idea. Make coupons that anyone in the world can exchange for any item anywhere. It's like a new sort of money! I post on the internet about it, and alot of other people like the idea. We work out a way to make them not able to be counterfeited and mark these coupons so everyone knows they only came from our "New Money Coupon" group and decide to only print them at a certain rate for a limited amount of time. One day we start printing out these coupons. About a year and a half later between all of us we have all managed to print out about 4.5 billion of them.

One day, I'm feeling pretty proud of myself, so I take my one of my coupons to a local coffee shop that I know accepts Bitcoin. I walk up to the counter, hand them my coupon and say "I would like a coffee please". The person behind the counter won't give me anything because to them my coupon is worthless. I'm feeling pretty bummed out, so I go to McDonalds, and the same thing happens. I try a couple other businesses, but nobody will take my coupon and give me anything.

That's why 1 DGB isn't worth 1/319 of bitcoin.

sr. member
Activity: 527
Merit: 251
Quality Crypto Collector
Good advice Jumbley.  That's exactly what I am doing.  Grin
legendary
Activity: 1218
Merit: 1003
Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.



Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 318 why isn't the price 1/318th of a Bitcoin?

Perception.

For some reason, there's a generally held negative perception on the buy side (in the marketplace anyway). It's hard to say exactly why. Most likely it's not any one thing in particular, but the sum of a combination of things, most of which, if not all, are included in the long list of things talked about here in recent times.

And, of course, on the sell side, the ASIC zombies that sell automatically at any price without thinking (in combination with those who purchased at highs, can't stomach the pain, and are now selling at huge losses - you know, the P&D phenomenon that DGB supposedly works so hard against).

Solutions? There has been at least one suggested possible solution for each perceived problem, at least one, and they're all here in this thread, some having been discussed, others completely ignored, and I'm not going to start repeating them again - that just puts me in a bad mood.

. . . maybe once we begin to see some of the smaller, easier to tackle, teeny tiny details being addressed . . .

This kind of thing just makes me furious since on the surface it looks like deliberate, quiet period manipulation that inherently, by definition, implies no concern what-so-ever for the shareholders.  Angry


My advice would be; don't be fooled into giving up your dgb down here because that is what the game is and take advantage of the offloading zombies while you can.
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.



Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 318 why isn't the price 1/318th of a Bitcoin?

Perception.

For some reason, there's a generally held negative perception on the buy side (in the marketplace anyway). It's hard to say exactly why. Most likely it's not any one thing in particular, but the sum of a combination of things, most of which, if not all, are included in the long list of things talked about here in recent times.

And, of course, on the sell side, the ASIC zombies that sell automatically at any price without thinking (in combination with those who purchased at highs, can't stomach the pain, and are now selling at huge losses - you know, the P&D phenomenon that DGB supposedly works so hard against).

Solutions? There has been at least one suggested possible solution for each perceived problem, at least one, and they're all here in this thread, some having been discussed, others completely ignored, and I'm not going to start repeating them again - that just puts me in a bad mood.

. . . maybe once we begin to see some of the smaller, easier to tackle, teeny tiny details being addressed . . .

This kind of thing just makes me furious since on the surface it looks like deliberate, quiet period manipulation that inherently, by definition, implies no concern what-so-ever for the shareholders.  Angry

sr. member
Activity: 332
Merit: 250
Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.



Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 319 why isn't the price 1/319th of a Bitcoin?
hero member
Activity: 637
Merit: 500
What will the price be in 3 weeks?
maybe 20sat

Just place buy orders on cryptsy to get coins cheaper. Bittrex prices are 4-8% higher most days
hero member
Activity: 798
Merit: 1000
hero member
Activity: 588
Merit: 500
Will Bitcoin Rise Again to $60,000?
What will the price be in 3 weeks?
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