Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 817. (Read 3058816 times)

Very nicely put o0o0.

I would add that every question is an opportunity for DigiByte to shine. Every question is an opportunity to post something of value, and that, my friends IS real value! Smart PR uses their media outlets wisely and to their advantage. BitCoinTalk is DGB's number one means of exposure, there is nothing else even close. In fact, when giving his "acceptance speech" someday, I hope Jared remembers to first tell everyone just how much he owes to BitCoinTalk (in the place where others thank their parents).        

Every question = the opportunity to respond positively and thereby further promote DGB.

If it's too time consuming for just one person, then it's time to begin delegating more: break things down into categories, assign the different categories to distinct people responsible for them, and every time there's a question then the person responsible for that category gets on the board ASAP with a response.

Wow, that even looks professional and corporate!  


Speaking of the devil:

How about a PDF format Investor's Pack Brochure? You know, something that someone could put alongside brochures for gold, Bitcoin, and the Swiss Franc, for example. Something that all those people who invest in inflation hedges could use to compare DGB with the other alternatives.


@ycagel, great to see you back!

Thank you for being transparant! It seems that you really know what you are talking about!
https://bitcointalksearch.org/topic/m.11838864
So 3 excellent developers came to the same conclusion and that is thet multi-pow solution is flawed (or atleast with what we are marketing with and that is that multi-pow is more secure than a single pow coin).
I will stop using this as marketing gimmick for Digibyte until this is resolved. Can we remove this from the OP and if this can not be resolved will we drop multi-pow? There are already several multi-pow coins before Digibyte (see Myriadcoin and Saffroncoin, Unitus and Digitalcoin came after Digibyte i think?). Jared, when did you know this formula was incorrect and why didnt you inform the guys who are doing marketing for you? I think we deserve to know the truth no? I guess at this moment Digibyte has no extra value over Guldencoin till Digispeed is out...

+1
MentalCollatz would be the proper authority to answer this.  And yes, at the time of our first hard fork to multi algo we did not know this formula was incorrect. We are always working to improve things. We have worked in his changes to the upcoming DigiSpeed hardfork that will make things much better.

Also @Mental, we would love to chat some time and run some ideas by you we have for modifying OP_RETURN. Thanks for stopping by and answering this!

Okay, I'm no advanced expert, and with that disclosure out of the way, my question is: what are you considering to be "work calculation"? A secondary question would be: how is that pertinent?

When looking at block discovery, all the different algos have basically the same daily average, meaning that from a "block discovery" contribution point of view, they are roughly equal.

This leads to what is fundamental for a 51% attack to prosper: it needs to create a fork that essentially "pirates" the blockchain.

That means that 51% of block discovery needs to be achieved.

And I think that does indeed bring us back to the original calculations.

BTW: An average of 1,000 is extremely small, so small as to rule out any kind of statistical validity - DGB averages just under 2,880 a day! I would recommend at least 10,000, and that with a focus on actual block discovery and the ratios you might develop from that.

(And I think that 5 times safer from a marketing standpoint is good since we're working with 5 algos - from the most simplistic theoretical vantage point, you need to gain 51% control of 5 algos instead of 1 algo, and that is 5 times safer in spite of the fact that it's not mathematically 5 times when the 5 are considered as one joint value.

Also, the diff of all the algos rises and falls in correlation with one another: if the sha256d diff rises, the diff on the other 4 algos rise correspondingly.)

That's my pull request, here is an up-to-date calculation.

Based on current difficulties (averaged over 1000 blocks), this is each algorithms contribution to the work calculation:
sha256d: 1.13e+06 * 1
scrypt: 23.7 * 4096
groestl: 152 * 512
skein: 1070 * 24
qubit: 47.6 * 1024
This adds up to 1.38e6.  Half the total can be made with just 61% of the sha256d contribution.  Asics are to blame.  When the formula was crafted, each algorithm did indeed have a near-equal contribution.  But as the sha256d hashrate climbed the others couldn't keep up.  It was always true that an attacker could attack the coin with just 1 algorithm but they would have needed at least 87% if all algorithms were weighted properly.  The new formula does not rely on magic work factors, and does not allow one algorithm to dominate under any circumstances.

I'm not going to throw stones at marketing.  As far as I can tell they didn't know it was wrong.  Now we know, but we already have a fix prepared to make it even stronger than the original claims.

Edit: Bold part.  Read the bold part, and relax.

is this just devs or community as well you mean i.e. early adopters or large holders of dgb?

In the book called "DigiByte - History of the First Year" I would like to include personal statements from Jared and those most involved with DGB.  In the statement could you include the following:

• How you discovered and got involved with DigiByte
• Your most favourable and enjoyable event of DGB in the first year.
• How you participated in DGB in the first year
• Where do you see DGB progressing to in future?

Please send me a private message on here.

Chris

No i haven't, i just deleted everything except wallet.dat and let it sync again.
I'm on mac in version 3.0.3.0
I don't think there was any problem except that digiexplorer was behind (even after 12 hours) and that is why i panicked.
When i checked it on Digistats it was all fine so no problems anymore.
Thanks

Have you restarted your wallet with -rescan? Also which OS and wallet are you using?

You almost got me there. Almost. But there's one: Mango

Guys be glad that Barrabas is here, when the rabble like his lot turn up its a great buy indicator, ive made plenty of btc from buying coins that he fuds, in fact Barrabas has kindly paid for my summer holiday this year....Cheers Barrabas 

Name one coin that is better then this that isn't a scam or pump and dump and has so much dedication and lower marketcap?

Another believer, I suppose...

Hey barabbas, Go F*ck yourself. You are on my ignore list.

So you really are serious? Wow.

Thanks @ Cryptoraver

Had it many times with other coins resync always did the job for me

(save wallet.dat before)

Hope you have a good vacation enjoy and come back with loads of good ideas

Thanks sooooo much guys for the fast help, i was about to freak out but i kept calm.
Totally forgot the Digistats website, works like a charm and you're right Bogglor.
The digiexplorer is indeed behind, i thought it was real time that's why i almost freaked out  
Thanks again for the fast help guys, i appreciate it. Feel relieved again.
Cheers

http://digiexplorer.info/ is constantly behind with unconfirmed transactions. It seems like every few days they 'catch up'

If you can see the transaction in a block, then you are fine - no need to "freak the hell out"

You can also check the block/transaction on http://www.digistats.info/#/explorer, but I wouldn't trust the wallet totals there because there are some problems with that explorer.

In that 4 year lot of development.  4 year go very quick. Coin will be at 1 usd in future. Then my children's children will be able to live off the dgb I making now.