Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 825. (Read 3059029 times)

I think the real question is, how do we create more reasons for people to buy.

POW is losing its credit day by day...including Bitcoin!

That's where the target marketing of gamers comes in. I think this part of things is more than covered at the moment and that we're going in the right direction here.

The question at hand is: how do we get more people buying?

And since the one and only real selling point right now is investment, the people we need to target on that point are investors.

What I mean is lower price and 1% less coins every month is better for miners like me that hold for long term (less miners mean more coins for you). I want to have mined 500 million coins in 3 years and I promise I won't sell any until price is right, so that is 500 million coins that will never see the exchange until the coin at 200 value. So be a miner now and then you become the investor through mining.

comparison with the USD?

DGB is not alone in the crypto-world!
to excessive goals for this little coin. how many unique people are in the dgb-network? 100 or 1000 thats to low for this massiv supply. the network has only 14 nodes? my wallet connected after 4 days only to 30 Peers, this is to low! in other networks I have 80 Peers and more. reduce the supply in this situation, DGB needs time and not coins. a low supply produce these required time. in 2-3 years we can increase again.

my opinion.

In 5 years' time it will be investors profit takers' paradise.

It is investors paradise TODAY!!!


I'm tired of the naysayers. This is an absolute must if you really want to create buy support. Miners only mine, or, said slightly differently, they PRODUCE. Once a product is produced, it needs to be sold. We have a fantastic product that is continually being improved upon and that needs to be sold. I've always said that tipping campaigns only go so far. I was a big proponent long ago, last year, of targeting gamers, and that's being done. That is a huge niche we are going after. Unfortunately, it's oriented towards mining and not purchasing, and that means that we are a little behind the curve as this would have been great 9 months ago, but now it's only going to add more short term sell pressure. Don't get me wrong, I do think it's still a good idea - the more widely distributed the miner base, the more secure the network, and we do need that of course - but, as with all endeavors, it's limited.

I was also an early proponent of the algo change as everyone here who's been around for a while can attest. I've usually been on the right side of "DigiByte History" and I can't be more direct than I'm being right now when I say that we need to focus our efforts on, and give our highest priority to, marketing DGB to investors of all types with a special emphasis given to high profile speculative investors, and that starts with an investor's information pack focusing on product > future plans and prospects > appreciation potential of DGB > long term INVESTMENT RETURN, and it needs to be PLACED IN CONTEXT as well (for ideas on that, please see this post: https://bitcointalksearch.org/topic/m.11734428 - also quoted below for your convenience).



We've got to roll up our sleeves and do the necessary "work" to get the word out in a polished and professional manner.

Yes, it's absolutely got to look corporate and be up to the same standards as the promo video, no doubt about it!

might be worse....both buy orders in cryptsy and bittrex will be easily filled up by the instasell miners,i have sold out all my DGB at 34 sat which i bought at 42 sat to cut off the further loss..

good luck guys!see you next time...may be..whose know?lol

no buyers ...
will back to 20 statoshi?

WOW 3M! me 1,000 DGB.

For miners it's a paradise but in 5 years it will be investors paradise as much less coins produced. I mine with almost free electricity so I just keep all coins I make, so please keep rewards the same for early adopters who take the risk.

Very good catch. That probably has more to do with the recent decline than anything else . . . other than buyers are also stepping back at the same time.  


@DigiByte

My initial knee jerk vote would be to keep a steady course for now, to keep working on what's being worked on,

There isn't a conflict because adding the easy miner doesn't make this proof of stake. Proof of stake is holding a balance and getting a percent reward.... this is keeping POW but just putting the mining in the hands of all users without the technical hurdle of having to download a miner program and configure. Essentially we are just making everyone mine by default that uses the wallet.... its not minting so I wouldn't call it that its still mining.

@Jared

To me, at most 3 million DGB production a day is more than enough.

I know very little about all the mining , and i only started investing since january.
I bought my dgb @ 30-70 sat, and lost almost half of my investment with current standings...
( it's my own fault for not reasearching on the mining rewards )
I just started investing , everyone has to start somewhere i guess.
 

I regret it a little  would even think of not buying more resulting in no buy support.
There is no gain in buying with this much coins being made each day.

I understand that so many coins is needed for future micropayments.
And as a long term investment i wil hold all my coins.

But i understand that this is not an attractive coin to buy right now even if it can go very high in the future...

-As long as there is no big reason to buy it
( example for easy using it directly with payments. [not trough bitcoin exchanges and all the trading for then to buy a gift card  ) that may be fun and usefull for early holders and people that plan things with it and it is a nice start. but no real reason to start buying DGB.

-making more money from buying and selling dgb short term,
Not alot people would buy dgb now if they knew it stays below 50 in the next year.. ( just an example , i have no idea where dgb will be next year)


Not sure if this is all explained good but these are my thoughts of it.


I like DGB and see a good future in it,
Wil also hold all my coins.

Let there be no mistake about that.

this is what the POS's QT wallet doing...the automatic miner you describing here is pretty close to so call "minting",i felt there is a conflit when you said POS don`t work while you have a suggestion above that so close to POS.

Imagine that if DGB only have 1% annualy interest with POS..do you think how many new coins that will increase after a year? the answer is less than 1% ..and if community or dev team feel 1% still a high inflation..how about 0.1%...0.001% ?

And yes..the holders of a POS coin might sell his coin that get from minting...lets say every holders of the POS sell out his interest after a full year minting ,how many new coins will add to the circulation?--------> 1%! so..if DGB is such a good and advance coin that have a bright future..do you really affraid of there are  no new investers/supporters get on board  to consume these 1%?

As a miner I would want rewards to stay the same as I get more coins for same hash rate. With higher price I get less coins if I am holding long term.

I'm of 2 minds on it, though I believe it should be left as is because it won't solve the problem.

If its reduced the reward then the value rises due to scarcity... unfortunately the auto dump still occurs from miners so all you are doing is raising the price temporarily to reward them... this is not good.

This is the problem
- Generated digibyte per day (supply) far exceeds purchasing (demand).
- Miners throwing hashrate at it are getting the majority of this reward. They have no interest in digibyte only on what the btc reward value they get from auto selling provides... if you don't believe me look at cryptsy market history and the sell orders.... lots of 10,000 and other consistent values. You can spot the auto miner sells / bots a mile off. Once digibyte falls below the threshold of profit they will switch to another coin while they wait for it to rise again so they can exploit it.

Solutions
- POS --> won't work..... you'll just get the equiv of miners dumping with holding large stakes and selling off the interest... you are basically just providing those miners with a cheap alternative... a software wallet. This will fail.
- Reduce the reward --> won't work... not enough buy pressure.. scarcity will raise the price a little but this will reward the miners while they sell and eat the buy side away over time.

If the coin supply was less this wouldn't be a problem... but then as a micro transaction currency it fails because there isn't enough coins for large scale use without resorting to fractions of a coin which is less user friendly from a perception point of view (public prefer to spend 1 coin not a ratio of one... its a math comfort thing I guess people like whole values).

So whats the real solution? The digibyte group in part with advertising are getting the word out there.... the only true solution is those in the coin to buy more consistently .... not large chunks in one go just fight the pressure a little. This only stabilises the problem though. What we need is more people entering and buying and most of all MINING.... while you have the few getting the mining reward you'll always have that pressure on selling. Needs reward split more out amongst the people.

To raise adoption you need useful services... altcoins are a dime a dozen and for now digibyte is no different. Sure its got a dedicated dev and good work but without services and actual uses it might as well just be any other altcoin.

I think the QT wallet needs an automatic miner built into it... when you open the wallet it starts mining automatically. Use easy miner so some of this effort goes back to the dev pool to fund future work. This works hand in hand with the advertising... for every user that downloads and runs the wallet you have a less centralised mining monopoly. Put a slider in the wallet miner so users can change the amount of cpu/gpu dedicated to an algo. Default it at 20% so it doesn't smash their pc. Put a warning in the wallet to notify people this is happening... maybe a start stop miner button on the main area so its user friendly... don't call it a miner though.... call it Finding coins or something.... user friendly again.

This helps a part of the problem... the rest is up to the community. Jarod has the coin code covered with his team. The rest of those involved in the coin in investment need to go forth and make a service / site something that uses the coin. If we want it to succeed we can't sit back and buy and hope for magic money profits off the backs of others... we all promote and increase the coin we all win.

My 2 DGB... i'm making my own service still at present so i'm doing my part..... are others? If you aren't tech saavy to do this then integrate dgb as a payment on a webstore you run... don't run a business? Then you should be promoting DGB for this.... get your friends to download it and make it your duty to gift each one of them 100-1000 digibyte. Get a group of friends together play some games and wager your dgb with each other and send to each other when that happens to get them familiar.... get them on to cryptsy to buy some of their own and do the same.

Its in our hands... how digibyte prospers or draws its last breath is up to us!

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What is everyones opinion on pushing the 21 bill generation farther out. Aka reducing the current reward so production of the 21 billion lasts longer. Our opinion is things are fine right now, but we should focus and are focusing all our resources on marketing projects. More news to come shortly
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I say keep the reward as it is for now.

We can't keep changing the reward each time the price increases or decreases. As EPLDCC said above, we need to be preparing for the future market of DigiByte. The current situation is a periodic slump for various reasons. Supply is outstripping demand only very slightly at the moment, that can change very quickly.

You're still a bit off... multiply the reward by 0.99 each month, it's currently only about 11.36% yearly reduction....

Month 0   100.00%
Month 1   99.00%
Month 2   98.01%
Month 3   97.03%
Month 4   96.06%
Month 5   95.10%
Month 6   94.15%
Month 7   93.21%
Month 8   92.27%
Month 9   91.35%
Month 10   90.44%
Month 11   89.53%
Month 12   88.64%

The problem is that you changed the block reward so that it takes WAY too long for it to reduce. Change it back to the original 0.5% every 3.5 days.