Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 819. (Read 3058816 times)

The best side to price going down is miners holding for long term get more coins and sell at much higher price. When digispeed is released then you sell at higher price when people realize what a good coin this is. Miners holding long term allow price growth.

Just stop quoting Barabbas theres no need to feed the negativity. I'm fine with negativity if its warranted and thinking / proof to be concerned is provided but honestly if its just pure negative attacks it holds no more worth than stuff that's like I think DGB or BITCOIN will hit 500,000$. With that out of the way a few things I've noticed recently from talking to people on cryptsy and other locations.

Many multipools like hampster pool, mintsy etc are doing auto mining cash out to btc. This is why the cryptsy price is dropping. Digibyte is a relatively easy coin to mine with large enough rewards. Honestly if we didn't have the buy support slowly fighting it we'd be under 10 satoshi. Hamster pool closes at the end of this month so we'll see a little bit of relaxing on this.

Some focus needs to go to digibyte use to give it utility or it'll continue to decline to the point its not feasible to mine and they will point at other coins until it rises in price again... that or they'll accumulate and dump in when it rises to a specified level.

For now if you have some satoshi's id buy digibyte. It should be valued today at at least dogecoins level. Dogecoin has a lot more coins like 100 billion isn't it? so that's 5 times digibytes final amount or 25 times its current coin generation. It should be around 100 satoshi now. If you buy in now i'd expect you to triple your investment in the next year. Pumping 3-5btc in can only be a win as come the btc halving that is some nice returns. As always trade on your own thoughts and don't invest more than you can afford to lose.

Solutions
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I still think that a miner should be integrated into the wallet. Digibyte being POW needs to put more pressure on the mining consolidation... few people are mining a lot of it and selling. The competition doesn't exist for it yet and this is why its targeted a lot. If a miner was built into the wallet and set to auto run on open and use by default 20% of the cpu then this will increase the mining hashrate, secure the network, reduce the sell pressure AND hopefully give it more interest from the public.

A POW coin NEEDS miners and more of them. This is in the digibyte development groups interest.... you point the miner in the wallet at the developer pool and you get a 3% or whatever it is cut for dev fees. So in this respect you can grow digibyte dev while assisting the coins growth.... i'm not sure why this suggestion isn't being acknowledged and given thought to implementation.

I think questioning is good in this community and it should be encouraged... devs should respond to such questions as it gives as active appearance and faith for the community and builds a strong base and price.

To not agree with this means that you pretty much blindly follow and you end up with another paycoin / Joshua Garza which crypto doesn't need. Jared should be addressing these concerns in the forum topic as part of his daily schedule. There is only this topic and the digibyte forum. For him to reply and reassure people would only take 30 mins of his day for this topic. I encourage Jared to do this. Digibyte growth is dependant on its customer base which means the devs should take the time to address these investors queries.

Its not about attacking Jared its merely about opening the channel so the public can address and converse with him direct. Its a little lacking at present (sorry but i'm just being honest). Communication channels that happen between specific members of the public and the dev lead to a closed system where people suspect things aren't always right. Be out and open and reply to all queries from all people direct.

Just my 2 digibytes.

You should write for Seinfeld maybe, you are that funny.

Dying to read about other of your suggestions, really...

The path of success is just ahead for DGC. halinyo and "Jettin'" Just Jared on board... how can it fail???

For further insurance, may I suggest you enroll Bobsurplus?

I think maybe we may hire some popular person in digital currency arena.
Even if they share a link on their twitter, that gives an exposure for DGB.
This may seem weird but this is how it works. Along with the development, those people would support dgb. 
They would not reject a reasonable offer.

+100.000

Jared,
 Wonderful work you have been doing. Really appreciate the continued transparency. Here are a few questions:

1) Do you still have your marketing team/social media person that was
announced about 6 months ago?  If so, what are they doing?  If not, are you
hiring somebody for that?

2) We need to have a marketing/pr strategy, who, what, when, where, why,
how?  Who do we contact for exposure, what do we stress to create buzz,
when are we going to do it, where are we going to do it, and why are we
doing it?

YC

I am also fine with it if the multialgo is not 5 times more secure but i think we should be honest and not use this as a marketing gimmick then (i was using this to get more followers for Digibyte but then i was confronted with the truth)

In the OP :
With 5 unique algos & independent difficulties a 51% attack is significantly mitigated and becomes much harder to carry out.
More secure than a single POW mining scheme (much harder to 51% attack).

which is not true. Only 60% SHA256D hashrate is needed to be attacked.

The security would be likely worse or at best 'on par' with a standard single-algo coin (said by the guldencoin dev (MaNI) here: https://bitcointalksearch.org/topic/m.11804113)

I am just saying that we should do marketing with real facts and not with lies.

Why mention any potential multialgo flaws in open forum ? Even if it isn't 5 times more secure I am sure it is fine.

Jared, almost all questions are addressed, 3 left:

1 Could you please comment on these additional protections (explicit comments and no talking around it)? If they are true, we should do marketing with it. If they are not be transparant and just say there are none. Please see the above conversation
2. Are all our releases open source? (transparant)? Particular digibytetip and ios wallet? If not, why?
3 Currently, an attacker can 51% attack the network with roughly 60% of SHA256D and nothing else. After this change, an attacker with 90% of the SHA256D hashrate and 33% of each of the other 4 algorithms would have insufficient hashpower to mount a 51% attack. Is this true? Source: https://github.com/digibyte/digibyte/pull/36 So in theory a attacker does not need to have some hashrate in all 5 algorithms (used in marketing of digibyte)? 60% of SHA256D is sufficient?

Dgb must be doing something right!   

Would love to answer these questions.

1) Could you be more specific as to which protections you are mentioning? I am assuming you mean multi-algo related specifics? Also including DigiShield (difficulty retargeting, asymetrical adjustments).

2) Originally we modified Litecoins code and then later on came up with DigiShield which was later implemented into Dogecoin and several other coins. 8bit did not do the code transition for DigiByte.  However the Myriadcoin code base was very helpful to us when making the multialgo transition as a reference. Most development work for DGB has been done by myself with heavy lifting by xploited. We were the first coin to fork from a single algo to multiple algos. This caused some unique difficulties. Myriad was launched multi algo. We however have spoken with 8bit on occasion and shared ideas, especially right after their time warp attack.  I do recall reaching out with a few questions to him as well over time. He is a very talented developer and the brains behind the original multialgo. There have also been several other people who have contributed helpful code to DGB. All of this is visible in the commit history for DigiByte.

3) In theory yes this is correct. However until its in the wild we will never know for sure.

Esotercizm is a great dev who has contributed much to DigiByte. We are glad to have him here.

Any other questions we can answer for people?

Damn haven't been that active lately because i'm on holiday, but WOW the community has come alive now  
Great to see a few new members here  
Keep up the good work everyone!

Don't mind the troll Jared! You are a great dev and doing a great job!
Jared, some questions if you do not mind:

1 Could you please comment on these additional protections (explicit comments and no talking around it)? If they are true, we should do marketing with it. If they are not be transparant and just say there are none.
2 Can you tell me if we were a scrypt coin (litecoin clone) and then you asked 8bitcoder (dev of myriadcoin) to change digibyte to myriadcoin clone (multi-pow) for you? Or did you do it yourself? There are rumours that you "helped" but the actual work has been done by 8bitcoder.
3 Currently, an attacker can 51% attack the network with roughly 60% of SHA256D and nothing else. After this change, an attacker with 90% of the SHA256D hashrate and 33% of each of the other 4 algorithms would have insufficient hashpower to mount a 51% attack. Is this true? Source: https://github.com/digibyte/digibyte/pull/36

esotericizm is a great developer and certainly no scammer!
esotericizm, can you give your best guess on how much active usuable nodes we have?

Please note that no one owns DigiByte. There are several developers who have contributed to the core DigiByte code base. There are many other fantastic DigiByte supporters who have contributed to DigiByte in many different ways.

Everyone is entitled to their opinion. And we encourage everyone to research things for themselves. We are here, we are moving forward and we will continue working hard every day. In the mean time we are not going to get weighted down on this forum with rubbish while we can be working on important things to move DigiByte forward. Its a much better use of our time.

Thanks again to everyone who has been supporting DigiByte.

esotericizm is doing good work for digibyte, it's people like him that make a success or not, if you are a miner you should be thanking Jared everyday and pray he make a good success of this coin.

Lets set a few things straight. Digistats is my project not Jared's...Beyond some moral support and a retweet or two he has had 0 involvement whatsoever. As I said in an earlier post I believe that 3rd party development for altcoins is severly lacking and I strongly support digibyte so I invested my talents here. If anyone has mislead you guys it was me and if thats the case then I apologise profusely.

My best guess based on the analysis I've done so far is way more than 100 nodes.

That being said I kind of take offense to being called a "scammer". If you think I would put my name and reputation at risk for what amounts to $30USD then I suggest you take a think about what it has cost me in both money (hosting which is amazon ec2 t2 medium, domain, mail server) and time to get this project off the ground. I never wanted to take donations and I had already started the project solo before donations where ever asked for. If you want a 'refund' then I'll talk to alaniz and make sure you get it and if you don't then I'll pay it out of my own pocket if need be. Certainly not here to scam anyone and I'd like to think that I've actually contributed something to DigiByte.

Anway rant over. If you have a problem and have donated funds that you want back please PM me and I'll get back to you ASAP.

If this is true then i hope he tell us and send out a tweet or post here that he was wrong
so a lot of members include me can retweet it or to tell ouwer followers
the trued, i have a lot of respected followers in twitter and i bet others to!
we send out many tweets and posts on btctalk (were half over the size of the btc network)
the reason i send +- 350k to the digistats developers was because of the node story that i wanna
to use as a marketing tool. right now i feel sick because they think we are
scammers spreading false information.i really don't understand why we not pull back in the first
place when we spreading this news?

Again a few less it's not a problem but if we have just around 100 nodes then we need to correct it!

Since when is Jared the developer of DGB? He is the owner, not the developer. He never said once he was the developer of DGB.