Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 815. (Read 3059060 times)

My my, get sick for a bit and see what happens!
Some interesting conversations been going on here, on the face of it nothing has changed for me, covering a lot of old ground and I warned the community about keeping an eye on and supporting asic in DGB way back.
I still have all my DGB and that's the way it's staying because that has always been necessary at this stage in the game. I know my entire investment will be wiped by the bastards just in it for today but unfortunately that is just tough for now, I guess. I've said before, one day I hope to leave these people in the dust of DigiByte and  no one has ever said that will be tomorrow! That said, I understand that most people do not believe in this project as much as I do and I know how people get when it comes to money and the market is evidence of that.
For Fs sake people where is the faith!  I tell you where it is, we build it ourselves, just like every religion you have ever known did. Call me crazy if you like but I'm just reminding you all of 'this is just a big popularity contest.' so do your bit to make it popular!   

You are right. DigiByte's price may be going down, but once Bitcoin price is stabilized at its high, then those coins dropped including DGB will rise again! So there is no point of selling any DGB. Just be patient, DGB is as safe as Bitcoin

The price of DGB might be going down but the value of the coin is not going down as fast because bitcoin price is going up, those holding bitcoin are benefitting and can get in at lower prices,if bitcoin price goes back over 500 USD a lot of coins will drop down in price but not as much in value. For those saying 1 Sat is the lowest, it's not, a coin trading pairing can then be dropped for LTC and go below 1 sat. This has occurred a lot with very high supply coins that are hopeless. I never expect 1 sat for DGB of course!.

This made me laugh - especially the part about what you're saying holding even more weight because it's based on "common sense".  No offense, but no amount of "common sense" can match up to having read (and written parts of) the source code.  Let me do my best to break it down:

If you mine a block using SHA256d at difficulty 1000000, the network says this block contains 1000000 "work units".
If you mine a block using Scrypt at difficulty 30, the network says this block contains about 120000 "work units".
If you mine a block using Groestl at difficulty 200, the network says this block contains about 100000 "work units".
If you mine a block using Skein at difficulty 1000, the network says this block contains 24000 "work units".
If you mine a block using Qubit at difficulty 40, the network says this block contains about 40000 "work units".

If one block of each algo is mined every 150 seconds on average, this amounts to 8560 "work units" per second by the main network.

Now consider an attacker with enough hashpower to maintain the SHA256d difficulty at 1300000 (without the rest of the network).  At one block every 150 seconds this amounts to 8666 "work units" per second.  Therefore, the attacker can produce "work units" at a faster rate than the main network, and use this to mount a 51% attack against the coin.

So what about the one-cpu attack?  Well, at the time Myriad was taking the sum of the difficulties (without the multipliers) as the "work units".  In the above example each block would contain 1001270 "work units", regardless of which algorithm was used.  The attacker chooses a starting point for his chain when the SHA256d difficulty is high, and because he doesn't mine SHA256d the difficulty for that algo doesn't change.  Eventually, the attacker's blocks have difficulties that look something like (1500000, 1, 1, 1, 1) and generate 1500004 "work units" per block, despite the attacker actually mining at difficulty 1.  The dev team fixed it by adding a decay step to the work calculation - if too many blocks go by without a particular algorithm finding a block, the "work units" provided by that algorithm are reduced (possibly all the way to 0).  But Myriad is still vulnerable if the attacker has slightly more than 50% of the SHA256d hashrate.

So how do we solve it?  In the DigiSpeed branch, "work units" are calculated by multiplying all of the difficulties, then taking the 5th root.  For the example difficulties at the top of this post, it works out to about 750 "work units" per block.  But if an attacker has enough hashpower to maintain the difficulties at (9000000, 15, 100, 500, 20), his blocks contain only 670 "work units" each, even though he controls 90% of one algorithm and 33% of the other 4 algorithms.  Note that pre-DigiSpeed "work units" are not directly comparable to post-DigiSpeed "work units", and the code contains a fudge factor to make sure the coin isn't vulnerable during the transition.

I remember when Crypto-raver became furious on the other forum when I talked about this coin going to shit...Well here we are at 25 sats and the end is not in sight...I got the feeling that many people in here practice wishfull-thinking rather than actually doing significant things to get connected to the real economy. And IF progress is being made behind the scenes why don't the devs have decided to share this much earlier. Now it's not too late to turn things around, but if there is not going to be significant progress within the next month I think confidence will erode even further. Yet somehow I still got the feeling that in the end this project is going to be a success, I applaud Jared his decision to keep us updated with video blogs, I am sure that will at least partly restore confidence.

Going to be honest here yet again. I was a big DGB supporter and held around 106 million DGB but i've dropped my investment by approximately 50%.

I pride myself on transparency and activity as being a factor in my investments. I still believe DGB has a lot of potential but i don't believe there is as much communication and progress to continue to keep my faith at the level it was. Also i find the news lacking... sites are nice gaming wallet nice etc but there isn't enough team and community interaction and briefing. Yes there are deals that can't be released etc but you can report in a round about way to show something is happening. Last i heard was a hard fork to match visa stuff etc and that was due a while ago... its been delayed but not much news on why and when we can expect it. I think the game needs to be stepped up and people kept informed.

The auto miners from mintsy and multipools dumping into dgb is one factor and without buy pressure from adoption its a losing battle. Lets face it. In all honesty we are all here to make money realised in either fiat or believe that DGB can and will be a micro payment device where we will get increased value from our initial investment in the form of goods.

Jared is a good person i believe and has a lot invested but i don't think at present there is enough being done to address the general public and investors individually, This may change but i encourage Jared to introduce his complete programming team and pr team and provide an avenue where they can converse with the public. I also would like to see some kind of regular blog posting or news casts that show whats happening week by week with DGB. Blind faith leads to destruction i've seen it many times in investments and regardless of what i want to believe its mind over heart in this game.

DGB is simply not adopted enough nor does it have the community following of a meme like doge to fight on sells. What it does have is dedicated devs and community but that alone isn't enough to raise the price.

I'll maintain my 60 million DGB investment for the next few months and see if the outlook changes. Please don't take this as a threat its more an open look at how i invest.
For now i've diverted my funds into netcoin. I encourage others to take a look at this.

Netcoin is a lot like DGB except its a POS coin with 100% APR interest until block 940,000 which is around this november and it halves. Netcoin has a twist on Proof of Stake (POS). Its not around having to tweek block sizes to compete... just put all your coins in 1 address and leave the wallet open. every 6 hours (4 times a day) you get a promised stake... after 14 days i can confirm this to be true. The interest rate i think starts at 20% and leads to 100% once you hit 10 million coins... it steps up from 0->10 million.

A nice coin.. if you are the type to keep your wallet closed thats fine too. When you open it you get the missed stake you are owed... you just don't get the compounding effect. Be nice though and leave it open to secure the network.

Diversification is the key to any investment portfolio and i ask you take a look at netcoin but make your own decision. Its sitting on around 330 satoshi at present which is still a good price. I invested and got in around 220-260 satoshi but its still a good price. 1 to 2 million is a nice target... it'll cost around i think 5-6 btc. Returns in time aren't too bad... better than bank interest. If you want more info pm me and i'll take it off topic and have a chat with you.

else google netcoin foundation and open comms in there forums. The devs are great. 0 premine and no foundation member holds more than 7 million coins. The total coin cap is 440.44 million at present i believe.

...snip...

Of course, everything I'm saying is just off the top of my head, but without any serious statistical analysis on the part of those that say this is a reality - a 51% attack with less than 51%, or even with 61%, as has been said here - what I'm saying holds the same weight (if not more since common sense tells us that less than half is not equal to half).

Common sense tells us that a 51% attack requires a 51% control of the ENTIRE network, not 51% of 20% of the network, unless you're able to stop the other 4 algos from discovering new blocks over a short period of time, something which no-one has ever said is possible (will this be the next shoe to drop?) and something that doesn't happen regardless of how much one individual algo's hashrate spikes.

...snip...

I remember when Crypto-raver became furious on the other forum when I talked about this coin going to shit...Well here we are at 25 sats and the end is not in sight...I got the feeling that many people in here practice wishfull-thinking rather than actually doing significant things to get connected to the real economy. And IF progress is being made behind the scenes why don't the devs have decided to share this much earlier. Now it's not too late to turn things around, but if there is not going to be significant progress within the next month I think confidence will erode even further. Yet somehow I still got the feeling that in the end this project is going to be a success, I applaud Jared his decision to keep us updated with video blogs, I am sure that will at least partly restore confidence.

Traded at 21 SAT.

Now that's something to be proud of, and good reason to kick up your feet and do nothing!

@digitaldoxy, ASIC miners are a problem, they have been, and always will be a problem runningcounter current to widely distributed and decentralized at every step along the way. That reality will never change. If you add up the hashrates for groestl, skein and qubit you'll see we have a nice network base without sha and scrypt. It would be acceptable to also assume that the replacements would themselves add their proportional equivalents. What other argument do you have in favor of sha?

This would also make o0o0's idea regarding the incorporation of an auto miner in the wallet itself more viable since that while it is currently practically impossible to earn any kind of payout with a small miner, the elimination of sha and scrypt would probably change that for the positive . . . and don't forget that we are ACTIVELY going after gamers now, and they aren't using ASICs either.  

Don't reduce supply but remove sha and scrypt and put neoscrypt and Lyra2RE in place to remove most auto miners. This will mean more miners wait for higher price instead of dumping out as coins mined.

Don't reduce supply but remove sha and scrypt and put neoscrypt and Lyra2RE in place to remove most auto miners. This will mean more miners wait for higher price instead of dumping out as coins mined.

Don't reduce supply but remove sha and scrypt and put neoscrypt and Lyra2RE in place to remove most auto miners. This will mean more miners wait for higher price instead of dumping out as coins mined.

The problem is NOT solved with reduced supply. You have less coins that are worth more. People either dump or the less coins mined by the auto sell miners are sold at a higher rate. Its an illusion reducing the supply.

More people invested and interested is the solution. This alone is a patch fix...... SERVICES, USE and development is the only way forward.

The miner integrated into the wallet will solve the auto dump issue in a way if more people adopt DGB and the wallet.

The services and use... well i'm shit out of ideas there. My gaming service was going to use DGB as the primary currency but I think for now i'll switch coins. Adoption on the service would mean i'd have to sell a portion to realise fiat for my weekly pay and hold the rest in hopes of it succeeding. Big risk at present. Not to mention if it drives price up through adoption I have to compete with auto miners which i'm not too keen on betting on.

And therefore, reduced the supply and the problem is solved. People buy only ~500k DGBs per day. If enough people know DGB, the supply can be raised again.

Do not set yourselves under pressure by the large supply.


The life cycle is not a straight line or curve, you must regulate the market. On the other side are people and not machines. people needs a leader or rules. the coin-"evolution" this is not static process or algorithm. The largest part of the crypto-currencies is chaos, adjustments and rules are not bad!

The problem is that you have made a statement that is unsubstantiated and that directly damages other coins and harms other people.

It would have been one thing to say that you don’t like it and want to do something else, but it’s quite another to say that it’s flawed without clearly outlining your reasoning, as technical as it may be.

To do otherwise, to make an unsubstantiated claim that harms others, is tantamount to slander and libel. You tarnish something without reason. It’s defamation.

By the very fact that you have made the claim, you have obligated yourself to detailing the specifics behind that claim. To do otherwise would cast severe doubt on what you’ve said and threaten your reputation.

You simply can’t make this kind of damning declaration without backing it up with hard data.

Now that you’ve made the claim, please detail your findings for what you base your claim on without condescending technical exclusions (meaning all the technical details you are capable of explaining), or be known as someone who we might refer to as a back-stabber (to be nice about it).

Of course, you could always apologize for doing harm to others when you should have just said that personally you didn’t like it . . . that is if you are not able to present a rational explanation for your claim.

Again, you said in that same post (nothing taken out of context here, please don’t try to distract): “After looking into it extensively and much internal debate we have decided that multi-algo as it currently stands is flawed from a security perspective.” (emphasis mine)

Please, adequately explain, or do us the favor of retracting that statement in its entirety.

Thank you for retracting. We have some people running around these forums saying that the sky is falling and quoting you as one of their main sources. These people can now be corrected.

For the record and to summarize your various statements from above: there is nothing with which to substantiate your claim, and even though you said that you "have decided that multi-algo as it currently stands is flawed from a security perspective", you were only expressing a personal opinion that you cannot support with facts and rational argument.

P.S. Don't get me wrong, I did see all those qualifying phrases in you complete post, but since others chose not to pay any attention at all to them, and in interest of getting to the point without distractions, I put the issue to you in the direct, no mistaken, manner in which I did. Nothing personal, I hope you understand, and I'm sure you would have done the same if the roles had been reversed.

Thanks again for the clarification, and, if you don't mind, it would be just as appreciated if you help others on the mistaken trail to recover from their error.

Cheers.

You forget, DGB is not alone! You win against the other coins, if your own story is successful. And loss is not a good thing/argument. By the way, your dream of $1 or $10 is a illusion. stay realistic.

I had DGB for a long time (8 million) and no profit. Now I trade every day again and make profit with falling prices, because there is no other Option for me. Is it good? No! I'd like to hold DGB only, but it is hopeless in this situation.

The good news is, however, we can not fall under 0sat ... soon...