Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 809. (Read 3058816 times)

Right! the question is: what is the prime purpose, high pricing and gains or  stability and usability. Its very easy to bring out a coin mine it pump it and let it die. But if the goal is long term usability you need supply. Otherwise the price will be a rollercoaster when adoption starts, the only investors you attract then are daytraders.
Everyone that invests in DGB invests in a coin that has a usage pupose, that said price is irrelevant at the moment. The more miners you attract the more security you bring to the chain so multialgo served that purpose. Sure security can be further improved by changing some parameters and probably will be changed. Price will level out  to a point where supply and demand meet. That's a general market priciple that is often overruled by greed.

 

The blocks times will not be as good as they are with multi-algo compared with single algo. I agree that reason price is low and will stay low is because of SHA and Scrypt multi pools but this will only be a issue for next 4 years. Also no point pumping price because it will be dumped back down again.

The only other coin that used multiple algos, MYRIAD, is basically dead and I don't think that is a coincidence.

A few weeks ago I tried qubit ... just for fun.  I didn't get nearly the same rewards as with my scrypt rig.  But, I have a nice scrypt rig - so maybe I'm just spoiled.

The only way to fight that is to eliminate SHA & SCRYPT and be prepared to keep changing the others (algorithms) every time a new one becomes ASIC mineable.  This is not too hard to do, it just means committing to (potentially) regular hard forks although in practice since the development time for ASICs is quite long and costly it would not be that often.  

Furthermore I personally think if this is done it would also make sense to revert to a single GPU/CPU algorithm.  The multi-algorithm approach doesn't really bring enough advantages (IMO) for the added complexity and confusion it causes.  I personally think that the switch to multi-algo has actually been detrimental to DGB - although it seemed like a good idea at the time.  The only other coin that used multiple algos, MYRIAD, is basically dead and I don't think that is a coincidence.  People like to know how much mining is costing them and this approach makes these calculations much more opaque and difficult to do.

That's one Bad Ass write up! Will the person who wrote that please stand up and take a bow?


And with all that DigiByte is, how in the world can it be trading at 26 SAT      


I think we'd better take a real good hard look at just who is capable of mining and selling at those levels and then addressing the issue as directly and decisively as possible (putting another feather in DGB's cap at the same time). Let's just do it. It's a real issue that must be addressed and the sooner the better.

Cheers, and, again, who wrote that?!?!?!?!

Great job!

Price will never be organic as long as the industrial miners are allowed to mine.

qubit miners are the ones rubbing their hands together with glee,as it looks to me. I don't know, but maybe it could even be mined profitably using cloud services.

yes and no. Nobody is too keen to push the price up while so much dgb appears to be being dumped at market. We would rather buy up what is being dumped at silly prices, I guess.

qubit miners are the ones rubbing their hands together with glee,as it looks to me. I don't know, but maybe it could even be mined profitably using cloud services.

Seems like much too large of a community to see the price down so low, no?

Nobody is interested on digibytes, thats a fact. you can also generate all 21 billion in one step and distribute free of charge, that is the same as now. this would be more environmentally friendly.

And with all that DigiByte is, how in the world can it be trading at 26 SAT      

Hi TenaciousC.  I want to second the official response made by DigiByte above.

I assume you are referring to The DigiByte Group in your post when you refer to "raising some funds" and "getting the word out."  The DigiByte Group https://digibytegroup.com/ is a community organization.  We work to promote and develop DGB in any way that we can (through social media, through CoinDesk press releases and advertising, and with other non-fundraising projects).

If you look at the DigiByte Group FAQ (on the "About Us" page), you will see that we are a community organization, not formally affiliated with the with the DigiByte Development team (in any business way), and we do not attempt to influence or otherwise manipulate the direction of DGB development.  The DigiByte Group is community driven and community funded. Reading further on that page you will also see that we never use contributions for any purpose other than the stated project, and we never profit from community contributions.

If you remember, the DOGE funding of Josh Wise in NASCAR was also a community project.  They raised at least $55,000 in community contributions.  That money was not paid by the DOGE development team or from their development budget.  It was contributed by members of the DOGE community.

I would love to eventually have projects at that scale done through the DigiByte Group.  And, we have a great community - so I'm sure that eventually we will be able to do so.  However, we are starting a bit smaller and we are working up to bigger projects.  And, we do have a few ideas for the future ...  In the short term, I hope to be able to begin monthly DGB community challenges/contests very soon.

I have 100% confidence in the management and development of DigiByte.  They're working, developing, and doing exactly what they should be to position DGB as a leader.  I plan to continue our work with the DigiByte Group to continue to support them, however possible, and continue to work with our great DGB community.

If you, or anyone else, has any other questions about The DigiByte Group, or would like any additional information.  Please feel free to send me a PM.

Cheers,

Eric

Thanks to everyone who has already posted and sent messages regarding the DGB Gaming Wallet press release.  The press release has been a very successful project.

I'm happy to announce that the press release was published today on CoinDesk: http://www.coindesk.com/press-releases/digital-currency-online-gaming-digibyte-wallet/

The people at CoinDesk were great - gracious, helpful, and supportive.  Please show them some love by using those social media links (they add those to every press release).  Share it, like it, etc..

I want to extend my personal thanks to everyone who contributed to the project: frottirzokni, 24hralttrade, benjamoyne, CryptoRaver, Eric, and 4 anonymous contributions. We have such a great DGB community.  we raised over 700,000 DGB from community contributions, and I'm also happy to announce that we will be able to return approximately 25% of the contributions.  The unused DGB will be divided proportionally based on the percent of your original contribution and returned (probably tomorrow or Friday at the latest).

We have lots to celebrate with all the good news and ongoing DGB development.  Not only the press release for the DGB Gaming Wallet, but the upcoming video announcements, ongoing development, and exceptional community support for DigiByte.

Thanks to all of you.

Cheers,

Eric