I still leave my original balance staking and never drop below those amounts.
yes..this is the most important part
Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 826. (Read 3059029 times)
July 02, 2015, 05:49:59 AM
I still leave my original balance staking and never drop below those amounts.
yes..this is the most important part
July 02, 2015, 04:25:38 AM
... There are many of POS coins that have a 5% monthly stake reward (some higher, some a bit lower). A 5% monthly stake equals a 79.59% annual interest rate.
But these coins are "frozen" over one year/month for the 5% stake reward. you can't trade/sell these coins in this time.In what way are they "frozen"
If you want to say reinvest your staked coins, ie keep them in the wallet, then yes they are "frozen".
Or if your like me, I run a few staking wallets and sell off my "interest" all the time.
I still leave my original balance staking and never drop below those amounts.
Thats why the whole POS/POW argument never makes sense to me. either way, you can still dump.
@Digibyte
I say leave it. this happens every time the price drops, drives me insane, I usually avoid the forums during these times.
Currently you are rewarding early adopters and making a solid entry into the Digibyte market easily affordable.
We have changed the reward once, is it really going to achieve anything long term by cutting it again??
Looking forward to the news
July 02, 2015, 04:23:19 AM
First fo all,i would like to thanks to those who speak out his opinion about the issue of "oversupply" ,it is a good sign that all of you diccussing it with highly rational and so far i don`t see anyone giving their point of view with the "no brain rage".
Unfortunalely,i still beleive that the undervalue of DGB is due to the oversupply base on the fact that DGB really having the high inflation in the future,just take a look with the simple math and some numbers below:
coins that have been mined atm : 4.4897 billion
coins that will be mined after a year : 6.7 million*365= 2445.5 million(2.4455 billion)
2.4455/4.4897 *100%=54.47% inflation
that is true that not all the miners are the instamine sellers..however..due to the high inflation of DGB,as long as there is a better price for the better profits,there will be more miners take the chance to sell instead of holding because they know they will never lack of coins if they keep mining on it..unless there is a miracle like investers/users/supporters/holders dramaticaly increase or there will be no clue of how to walk through the wall of undervalue.
Unfortunalely,i still beleive that the undervalue of DGB is due to the oversupply base on the fact that DGB really having the high inflation in the future,just take a look with the simple math and some numbers below:
coins that have been mined atm : 4.4897 billion
coins that will be mined after a year : 6.7 million*365= 2445.5 million(2.4455 billion)
2.4455/4.4897 *100%=54.47% inflation
that is true that not all the miners are the instamine sellers..however..due to the high inflation of DGB,as long as there is a better price for the better profits,there will be more miners take the chance to sell instead of holding because they know they will never lack of coins if they keep mining on it..unless there is a miracle like investers/users/supporters/holders dramaticaly increase or there will be no clue of how to walk through the wall of undervalue.
Your numbers are pretty close (I think you might be using last month's block reward?). But, either way, you're pretty close for this year (2015). Just as a point of clarification, you're not accounting for the 1% monthly reduction in block rewards. The monthly 1% reduction compounds to 12.68% annual reduction in block rewards. Remember that DGB is a relatively new coin (genesis block in January 2014). Adding liquidity to the first couple of years is not a terrible problem. 2016 will not be anywhere close to same percentage increase as this year, and it will continue to decrease.
I sort of disagree with the term "inflation" that you use above. I don't entirely think you're wrong, I just think your terminology is a bit misleading. Inflation refers to purchasing power, and not to supply and demand. Technically, with new coins we're talking about supply. Increasing supply could possibly outpace demand, which could lead to a decreased exchange value. So, I see how you get from point A to point B ... although, technically speaking, it's not inflation. Describing the increase in new coins as inflation assumes that the demand remains constant over time. I can't predict the future, that's why it's exciting.
Also, just to put things in perspective. There are many of POS coins that have a 5% monthly stake reward (some higher, some a bit lower). A 5% monthly stake equals a 79.59% annual interest rate.
From a personal standpoint, I do not worry one way or another about current exchange value. You, and other people, are asking great questions about the current supply and demand. The questions you are asking are important questions. They are valuable questions to ask. But, I also think we need to ask another question. I think we need to ask if the current demand represents the future demand? And, we also need to ask if the current market represents the future market? I think the future has some really great opportunity and possibility for DGB (and digital currency generally). I also believe that DGB has strong comparative advantages in the existing market.
A long time ago, I first became interested in digital currencies because I felt like the offered a chance to redefine and reinvent - to innovate and develop our economic communities and economic experiences. Digital currencies inspire us. I'm not trying to be sentimental here. There are also lots of challenges and obstacles that we need to overcome. But, I think DGB has a fantastic community. It's a community that I am happy to be a part of and support. DGB also has a fantastic development team that is devoted, professional, and continues to innovate and develop ... it will be exciting to see where the future takes us all.
Completely agree with the above!
DGB has a strong community, if somebody asked to contribute .1 BTC for the future of Digibyte, for sure a couple BTC is donated. If I donate some satoshis for some coins development I expect nothing else in return but a healthy coin so why should I be bothered about the price if I supportively buy a coin?
By buying Digi at these levels one can see it as a supportive investment. Every community member buys his stake in the future and as long as you have faith in a coins possibilities price is less important.
July 02, 2015, 04:00:02 AM
... There are many of POS coins that have a 5% monthly stake reward (some higher, some a bit lower). A 5% monthly stake equals a 79.59% annual interest rate.
But these coins are "frozen" over one year/month for the 5% stake reward. you can't trade/sell these coins in this time. July 02, 2015, 03:45:54 AM
First fo all,i would like to thanks to those who speak out his opinion about the issue of "oversupply" ,it is a good sign that all of you diccussing it with highly rational and so far i don`t see anyone giving their point of view with the "no brain rage".
Unfortunalely,i still beleive that the undervalue of DGB is due to the oversupply base on the fact that DGB really having the high inflation in the future,just take a look with the simple math and some numbers below:
coins that have been mined atm : 4.4897 billion
coins that will be mined after a year : 6.7 million*365= 2445.5 million(2.4455 billion)
2.4455/4.4897 *100%=54.47% inflation
that is true that not all the miners are the instamine sellers..however..due to the high inflation of DGB,as long as there is a better price for the better profits,there will be more miners take the chance to sell instead of holding because they know they will never lack of coins if they keep mining on it..unless there is a miracle like investers/users/supporters/holders dramaticaly increase or there will be no clue of how to walk through the wall of undervalue.
Unfortunalely,i still beleive that the undervalue of DGB is due to the oversupply base on the fact that DGB really having the high inflation in the future,just take a look with the simple math and some numbers below:
coins that have been mined atm : 4.4897 billion
coins that will be mined after a year : 6.7 million*365= 2445.5 million(2.4455 billion)
2.4455/4.4897 *100%=54.47% inflation
that is true that not all the miners are the instamine sellers..however..due to the high inflation of DGB,as long as there is a better price for the better profits,there will be more miners take the chance to sell instead of holding because they know they will never lack of coins if they keep mining on it..unless there is a miracle like investers/users/supporters/holders dramaticaly increase or there will be no clue of how to walk through the wall of undervalue.
Your numbers are pretty close (I think you might be using last month's block reward?). But, either way, you're pretty close for this year (2015). Just as a point of clarification, you're not accounting for the 1% monthly reduction in block rewards. The monthly 1% reduction compounds to 12.68% annual reduction in block rewards. Remember that DGB is a relatively new coin (genesis block in January 2014). Adding liquidity to the first couple of years is not a terrible problem. 2016 will not be anywhere close to same percentage increase as this year, and it will continue to decrease.
I sort of disagree with the term "inflation" that you use above. I don't entirely think you're wrong, I just think your terminology is a bit misleading. Inflation refers to purchasing power, and not to supply and demand. Technically, with new coins we're talking about supply. Increasing supply could possibly outpace demand, which could lead to a decreased exchange value. So, I see how you get from point A to point B ... although, technically speaking, it's not inflation. Describing the increase in new coins as inflation assumes that the demand remains constant over time. I can't predict the future, that's why it's exciting.
Also, just to put things in perspective. There are many of POS coins that have a 5% monthly stake reward (some higher, some a bit lower). A 5% monthly stake equals a 79.59% annual interest rate.
From a personal standpoint, I do not worry one way or another about current exchange value. You, and other people, are asking great questions about the current supply and demand. The questions you are asking are important questions. They are valuable questions to ask. But, I also think we need to ask another question. I think we need to ask if the current demand represents the future demand? And, we also need to ask if the current market represents the future market? I think the future has some really great opportunity and possibility for DGB (and digital currency generally). I also believe that DGB has strong comparative advantages in the existing market.
A long time ago, I first became interested in digital currencies because I felt like the offered a chance to redefine and reinvent - to innovate and develop our economic communities and economic experiences. Digital currencies inspire us. I'm not trying to be sentimental here. There are also lots of challenges and obstacles that we need to overcome. But, I think DGB has a fantastic community. It's a community that I am happy to be a part of and support. DGB also has a fantastic development team that is devoted, professional, and continues to innovate and develop ... it will be exciting to see where the future takes us all.
July 02, 2015, 02:47:26 AM
I buy currently not more DGB. If the price go under 30 I sell my coins, because then we go back to 12-18sat.
Nobody needs 7Mio coins per day, we are not Google or PayPal or Apple, this is a little altcoin in a field with many other coins. If the price is supposed to be stable, we need at least 200000,- invests in the coin.
therefore, increase the supply-timespan.
Nobody needs 7Mio coins per day, we are not Google or PayPal or Apple, this is a little altcoin in a field with many other coins. If the price is supposed to be stable, we need at least 200000,- invests in the coin.
therefore, increase the supply-timespan.
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
July 02, 2015, 02:45:26 AM
Update on DigiHash: We are working to get the pool restarted. We are experiencing a very rare "failed" to write block error on the pool wallet daemons. As soon as we get it fixed and back online we will let everyone know. In the mean time there are several pools that can be found here: https://bitcointalksearch.org/topic/digibytedgb-core-v61651-digishield-digispeed-segwit-408268
July 02, 2015, 02:43:34 AM
I buy currently not more DGB. If the price go under 30 I sell my coins, because then we go back to 12-18sat.
Nobody needs 7Mio coins per day, we are not Google or PayPal or Apple, this is a little altcoin in a field with many other coins. If the price is supposed to be stable, we need at least 200000,- invests in the coin.
therefore, increase the supply-timespan.
Nobody needs 7Mio coins per day, we are not Google or PayPal or Apple, this is a little altcoin in a field with many other coins. If the price is supposed to be stable, we need at least 200000,- invests in the coin.
therefore, increase the supply-timespan.
July 02, 2015, 01:56:37 AM
First fo all,i would like to thanks to those who speak out his opinion about the issue of "oversupply" ,it is a good sign that all of you diccussing it with highly rational and so far i don`t see anyone giving their point of view with the "no brain rage".
Unfortunalely,i still beleive that the undervalue of DGB is due to the oversupply base on the fact that DGB really having the high inflation in the future,just take a look with the simple math and some numbers below:
coins that have been mined atm : 4.4897 billion
coins that will be mined after a year : 6.7 million*365= 2445.5 million(2.4455 billion)
2.4455/4.4897 *100%=54.47% inflation
that is true that not all the miners are the instamine sellers..however..due to the high inflation of DGB,as long as there is a better price for the better profits,there will be more miners take the chance to sell instead of holding because they know they will never lack of coins if they keep mining on it..unless there is a miracle like investers/users/supporters/holders dramaticaly increase or there will be no clue of how to walk through the wall of undervalue.
Unfortunalely,i still beleive that the undervalue of DGB is due to the oversupply base on the fact that DGB really having the high inflation in the future,just take a look with the simple math and some numbers below:
coins that have been mined atm : 4.4897 billion
coins that will be mined after a year : 6.7 million*365= 2445.5 million(2.4455 billion)
2.4455/4.4897 *100%=54.47% inflation
that is true that not all the miners are the instamine sellers..however..due to the high inflation of DGB,as long as there is a better price for the better profits,there will be more miners take the chance to sell instead of holding because they know they will never lack of coins if they keep mining on it..unless there is a miracle like investers/users/supporters/holders dramaticaly increase or there will be no clue of how to walk through the wall of undervalue.
July 02, 2015, 01:54:50 AM
Hello,
I downloaded Digibyte Gaming wallet just to try it, sent some tips, but now I am getting this message: Could not update wallet. Tap to retry.
Same here, I guess they are updating the servers. I have reported this,will get fixxed soon.I downloaded Digibyte Gaming wallet just to try it, sent some tips, but now I am getting this message: Could not update wallet. Tap to retry.
July 01, 2015, 09:11:19 PM
DGB just does not have buyers atm. The volume is a mere BTC so only a very small part of the daily supply is instasold atm.
Some miners hold a lot of coins , so this is true. They waiting for higher price to sell.
July 01, 2015, 03:38:15 PM
I really don't think its over supply at all. In my opinion, the problem with alt coins in general is that they just aren't that useful in many places, or if I can buy something with the currency, how easy is it for me to do so? For a lot of things if I want to buy something I would have to buy BTC, convert it to DGB, then pay for the item. All of which take a transaction / conversion hit.
What can I buy with Digibyte? And how easy is it for me to buy that item? There is certainly a list of growing merchants and I am glad for that but until we are ready for the masses to start using DGB there is going to be a lot of downward pressure just because people aren't using it.
What can I buy with Digibyte? And how easy is it for me to buy that item? There is certainly a list of growing merchants and I am glad for that but until we are ready for the masses to start using DGB there is going to be a lot of downward pressure just because people aren't using it.
The opposite might be true, the more use the coin has it will add to downward pressure as you will have merchants and miners selling dgb. Guldencoin is a good example of this, the more merchants and use they have added the harder the price is dropping. For the long term this is a must of course but since we all talking short term that is the reality.
The purchases with crypto are highly overestimated, so are the number of merchants. NLG lost a lot of credibility and thus some large investors so thats a total different story. DGB just does not have buyers atm. The volume is a mere BTC so only a very small part of the daily supply is instasold atm.
Crypto coin markets are very unstable and lack of news, even the smallest message, will drive speculators to other coins. So as long as there is no use on a day to day basis it will be the playing field of speculators.
That is a unfortunate choice of words. A disagreement with the criptoe team is not a issue of credibility. Creating a scam or PnD and leave for dead coin is a issue of credibility.
July 01, 2015, 02:44:42 PM
I really don't think its over supply at all. In my opinion, the problem with alt coins in general is that they just aren't that useful in many places, or if I can buy something with the currency, how easy is it for me to do so? For a lot of things if I want to buy something I would have to buy BTC, convert it to DGB, then pay for the item. All of which take a transaction / conversion hit.
What can I buy with Digibyte? And how easy is it for me to buy that item? There is certainly a list of growing merchants and I am glad for that but until we are ready for the masses to start using DGB there is going to be a lot of downward pressure just because people aren't using it.
What can I buy with Digibyte? And how easy is it for me to buy that item? There is certainly a list of growing merchants and I am glad for that but until we are ready for the masses to start using DGB there is going to be a lot of downward pressure just because people aren't using it.
The opposite might be true, the more use the coin has it will add to downward pressure as you will have merchants and miners selling dgb. Guldencoin is a good example of this, the more merchants and use they have added the harder the price is dropping. For the long term this is a must of course but since we all talking short term that is the reality.
The purchases with crypto are highly overestimated, so are the number of merchants. NLG lost a lot of credibility and thus some large investors so thats a total different story. DGB just does not have buyers atm. The volume is a mere BTC so only a very small part of the daily supply is instasold atm.
Crypto coin markets are very unstable and lack of news, even the smallest message, will drive speculators to other coins. So as long as there is no use on a day to day basis it will be the playing field of speculators.
July 01, 2015, 02:34:33 PM
Please have a look at blockexplorer http://www.digiexplorer.info/api/status?q=getInfo
Seems that wallet disconnected.
Seems that wallet disconnected.
July 01, 2015, 02:24:23 PM
July 01, 2015, 02:20:30 PM
Any1 knows where I can find a mining guide? For some f- reason I only get this message: [2015-06-30 20:00:08] HTTP request failed: Failed to connect to 1xx.0.0.x port 9xxx: Connection refused
[2015-06-30 20:00:08] json_rpc_call failed, retry after 30 seconds
Any1 knows the meaning of this?
Digibyte releases 2 versions of the easy miner. Do you have version v2? On my phone right now but will try it in a moment.[2015-06-30 20:00:08] json_rpc_call failed, retry after 30 seconds
Any1 knows the meaning of this?
Where can I find version 2?
July 01, 2015, 02:06:36 PM
I really don't think its over supply at all. In my opinion, the problem with alt coins in general is that they just aren't that useful in many places, or if I can buy something with the currency, how easy is it for me to do so? For a lot of things if I want to buy something I would have to buy BTC, convert it to DGB, then pay for the item. All of which take a transaction / conversion hit.
What can I buy with Digibyte? And how easy is it for me to buy that item? There is certainly a list of growing merchants and I am glad for that but until we are ready for the masses to start using DGB there is going to be a lot of downward pressure just because people aren't using it.
What can I buy with Digibyte? And how easy is it for me to buy that item? There is certainly a list of growing merchants and I am glad for that but until we are ready for the masses to start using DGB there is going to be a lot of downward pressure just because people aren't using it.
The opposite might be true, the more use the coin has it will add to downward pressure as you will have merchants and miners selling dgb. Guldencoin is a good example of this, the more merchants and use they have added the harder the price is dropping. For the long term this is a must of course but since we all talking short term that is the reality.
Do you have any numbers about merchants transaction/volume for Guldencoin? I think its not even 500$ a months imo.
My last in-store NLG transaction whas like 2 months ago.
July 01, 2015, 02:01:31 PM
I really don't think its over supply at all. In my opinion, the problem with alt coins in general is that they just aren't that useful in many places, or if I can buy something with the currency, how easy is it for me to do so? For a lot of things if I want to buy something I would have to buy BTC, convert it to DGB, then pay for the item. All of which take a transaction / conversion hit.
What can I buy with Digibyte? And how easy is it for me to buy that item? There is certainly a list of growing merchants and I am glad for that but until we are ready for the masses to start using DGB there is going to be a lot of downward pressure just because people aren't using it.
What can I buy with Digibyte? And how easy is it for me to buy that item? There is certainly a list of growing merchants and I am glad for that but until we are ready for the masses to start using DGB there is going to be a lot of downward pressure just because people aren't using it.
The opposite might be true, the more use the coin has it will add to downward pressure as you will have merchants and miners selling dgb. Guldencoin is a good example of this, the more merchants and use they have added the harder the price is dropping. For the long term this is a must of course but since we all talking short term that is the reality.
July 01, 2015, 01:47:32 PM
I really don't think its over supply at all. In my opinion, the problem with alt coins in general is that they just aren't that useful in many places, or if I can buy something with the currency, how easy is it for me to do so? For a lot of things if I want to buy something I would have to buy BTC, convert it to DGB, then pay for the item. All of which take a transaction / conversion hit.
What can I buy with Digibyte? And how easy is it for me to buy that item? There is certainly a list of growing merchants and I am glad for that but until we are ready for the masses to start using DGB there is going to be a lot of downward pressure just because people aren't using it.
What can I buy with Digibyte? And how easy is it for me to buy that item? There is certainly a list of growing merchants and I am glad for that but until we are ready for the masses to start using DGB there is going to be a lot of downward pressure just because people aren't using it.
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