Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 846. (Read 3058816 times)

http://www.digibyteforum.com/index.php/topic,35.msg833.html#msg833

I'm really excited about the digispeed fork.
All the best.

I'm in the spending camp to, think its very important to show the merchants that accept DigiByte in the early stage some support by ordering their goods and say thank you. But yeah also for me it's a bit hard to do it when we drop hard in price.

There have been some great posts above and a very interesting conversation. Defining exactly what a digital currency is, is supposed to be and what it can be can be a lot to take on.

We are working hard on several projects. Including the DigiSpeed hard fork and much more. We are seeing a bit of a stagnant market across the digital currency spectrum. Nevertheless we are going to keep working hard and pushing things forward. Things will come in time.

Also, as mentioned before there is a lot happening on the DigiByte forum. So make sure to check it out: http://www.digibyteforum.com/

Go and look at the Digibyte forum http://www.digibyteforum.com/index.php The forum has information on current projects being worked on by the devs and the community.

Not many people know much about Digibyte, but they will soon. There will be a big marketing campaign once development had been completed on a few different things.

so , can anyone tell me where is the dgb's futrue

noone know dgb ...

can devs or us do something

And ... the difficulty stays pretty low too (which is great for me, because I don't need to sell any of my mining rewards).  I've seen a pretty substantial increase in mining rewards over the past week ...

Looking for something positive in DigiByte price being so low it is this, DigiByte is for everyone and everyone can afford some! 

@ HR, i know exactly what you are saying! 
@ 24, If I worked next door to that restaurant, I probably wouldn't be able to resist either! 
@bitKapp, can't wait for DigiStats to go live, think it really is the start of something cool! 

I'm not criticizing you for spending your DGB as you like, and much less so for all the positive work you're doing to promote merchant adoption. Quite the contrary, my hat's off to you. Nevertheless, and moving beyond the fact that the theoretical uses for DGB can be materially demonstrated (and that's good), I think we also need to be very clear about the fact that it still makes no economic sense to spend DGB on a regular basis. Demonstrating that it works is one thing, using it on a daily basis is quite another. I just want to do my part to help make that as clear as we can. There's a lot of work to be done, and it will take time as well as effort to get that work done, before we can say that it's smart to spend DGB for ordinary items on a daily basis. Mass adoption is first, and I don't think that comes from knowing you could spend DGB if you wanted to - I think it comes from knowing that if you put your money into DGB, it won't go down in value. That's the first hurdle in my opinion: creating a stable cryptographic digital currency that people see as a place to put their money where it will increase in value and not lose value - as long as there's a high risk element involved, it will never see mass adoption. Once that's achieved, I see larger transactions, especially international cross border transactions, becoming the first widely used aspect of DGB (on a "service" kind of level, but not to be confused with a service since it's really due to the inherent P2P nature of the currency). In that sense, Western Union would be the first major financial services provider who would be threatened. VISA, in spite of being the ultimate goal, is much farther off. Incorporating faster transactions speeds that rival those of VISA now should not be a problem even if it won't be fully utilized for years, but we shouldn't confuse the fact that it's being done now with the fact that it will be immediately used. This is kind of a "Field of Dreams", but we do need to be practical, and, again, I think that starts with a clear focus on creating the stable, low risk, basis that is needed for people to be willing to first use DGB as a reliable store of wealth. Without that foundation, everything else is a no go, in my opinion.

DigiStats Update:

• The block explorer has been completed
• Functioning API
• DigiByte richlist is 90% complete
• Stats charts have been added!

We are currently working the on node map and stats pages among other things. The progress has been excellent the original timeline is still the expected timeline, so we will hopefully be up and live soon!

Visit this thread for preview screenshots and regular updates!

A big shout out for esotericizm for making the current DigiStats platform possible.

Thanks to all contributors and supporters!

Yes, what you chose to "splice together" sure would suggest a strong case of cognitive dissonance, but when kept in context, and that context being that of a currency that "is still in its infancy and has years to go before it fully reaches its full appreciation potential", I don't see the internal contradiction. DGB is has tremendous potential to change the way we think about and use money, but that's not going to happen overnight. In the meantime . . . perhaps what we might say to make things clearer, to add to your spliced quote, might be something qualifying like this: "I see DGB as a true currency that's still in its early development phase . . ."

And I know you're not trying to pick a fight. No prob here with direct and hard hitting questions - in fact, I welcome them!

Because we are talking about purchases, I'd say value is probably the most important attribute to people making one. I'm simply saying that people who paid under the current market value are more inclined to spend their DigiByte than those who paid over it, they can see that they are making something and at the moment it is quite likely that they could then go on and re purchase the DigiByte that they just spent for less than it was traded for, so win win for them, perhaps for a while. I have not talked about anything long term here. I also like the fact that these transactions can be made and that there are people fortunate enough to take advantage of them but I wonder where the incentive to buy into DigiByte is for newcomers and that is what we truly need. The newcomers will want to come in at the floor, a lot of them thought we were already there when they bought in and now see their investment diminish, perhaps some are already bailing because this stuff is all too risky and the market value is heading in the wrong direction. Some will never look back because all of this stuff is just too much of a pain in the ass. The actual value of DigiByte is 1/1000 of bitcoin, it is being traded for a fraction of that because nobody believes it and even gods exist if you believe in them.  

Haven't read the thread for a few days and wow, there's a lot of really long posts. 

HR, I sure do get your point but i do not fully agree with you about spending a little Digibytes in early stage/low price when you have a reasonable size longterm "Investment" / amount of coins or what name you want to give it for now.
I bought some Digibytes around 10 sat and i'm almost 100% shure you did the same,So let's say i bought my dinner with these coins,What did this transaction costs me now? Let it be 10% of 12$, Why should i worry about this small amount of Digibytes for supporting and really work towards the adoption of Digibyte?
When Digibyte gets to the high prices where it is in your opinion reasonable to exchange for goods/services,All of the longterm community members don't even have to worry about this small "loss".

It is not just buying myself a nice dinner but i did make this transaction at Mijn Restaurant (Already accepting Digibyte restaurant in my street) and guess who stands next to me? Yes, Another merchant and thanks to this we have a new Digibyte accepting store. Do you see the part of the bigger plan?
If i need to pay 1,20$ to get 1 accepting merchant in the street where i have my own store i really have no problem to pay this out of my own pocket.

We maybe have diffrent thoughts and reasons for supporting Digibyte and so will have many others but i'm sure we see Digibyte as a future.May it be as a invest or anything else.It's all for the goods of Digibyte.

Best,
24

The value of DGB isn't important. DGB has to become mainstream to the point where 'spending' DGB means transferring DGB from your wallet to another DGB wallet in return for goods/services. That's when I'll start spending mine.

Until then, people who are spending their DGB aren't doing anything more than converting their DGB to BTC, then BTC to cash, and that cash is used for the transaction.

I agree that it's a great thing that these transactions are being made because it gets the DGB name out there, but we are nowhere near the ultimate goal of DGB to DGB transactions. I would even say that BTC isn't there yet either, but they are further along. There's still a long way to go.

I see both sides here, surely the only people happy spending their DigiByte are people that have acquired it for the current market value or less, anyone else would quite simply be foolish unless they believed its value was only going to diminish, in which case they would be looking for a way out permanently and I see no exceptions so it is no surprise to me that the community is divided on this issue. Every time you purchase something with DigiByte, the chances are that it will have the same effect on the market as instantaneously selling your DigiByte and that applies further downward pressure, of course the business that has accepted the payment in DigiByte may be inclined to hold for a while if it looks as if a higher profit can be achieved but ultimately they will intend to sell and convert to fiat because that is what they need to run their business, if DigiByte truly was a currency now, this wouldn’t be necessary and the community wouldn’t be divided on this issue. It would be nice to have this debate when DigiByte value was say 200 sat and you could be sure that all the community had achieved their DigiByte at market value or less but there will never be enough stability unless the overall DigiByte community massively expands! All markets are form of confidence measurement but it is not the confidence of the whole market, only the few leading it and hence the manipulation.

EPLDCC, I totally agree with you on this. This is mainly because there is no official name for "Crypto Coins", which we may call it as "Digital Currencies".
It could be that all these names are true depending on the type of COIN, or it could be all wrong after we get the regulation in place.

But I personally think, coins will be divided into several categories later, so-called stock markets, currencies, assets,...etc. I think so far it does not matter as long as we can buy things with it we can call it as a currency, and some wait and sell when the price is high so we callit investment. Imagine FIAT, we can call them for both as well. However, it is mainly used for buying power. Coming to the COINs, call it whatever you want, because in the end it does not matter for now.

Best, 

HR ... First ... there are very few members of the DGB community that I respect as much as you.  Your work and support for DGB is unquestionable.  Your work putting together Asistec TI is tremendously valuable to DGB.

I'm not trying to pick a fight here.  I'm just pointing out that there is a sort of cognitive dissonance in your discussion of DGB as a currency.  I also know that I unfairly spliced together the first lines from your 2 previous posts.  My earlier response was written - in part - because I was surprised to read your previous post about why DGB shouldn't be used by consumers and merchants today.  You might be right from a technical financial perspective - but I was still surprised because you're such a strong supporter of DGB.

You're also right that there are plenty of people who profit from currency trading and exchange.  I was simply stating that our discussion of currency, investment, and future growth of DGB doesn't have to be exclusive.  We need adoption by merchants and consumers.  And, we need investment by long-term stakeholders.  I think in both those circumstances, we could describe the support as an investment in the services and assets of DGB.

I see DGB as a true currency . . .

. . . that also allows for direct, extremely low cost, transfers, person-to-person, with no need for intermediaries, but that is still in its infancy and has years to go before it fully reaches its full appreciation potential.

DGB is a decentralized P2P currency that is just as safe, if not safer, than any centrally managed fiat currency in existence, and that, thanks again to its underlying P2P character, is in need of no 3rd party to manage transactions between users.

Likewise, just as a fiat currency can be viewed as an investment (see chart below of the Russian Ruble - Russians holding dollars over that period of time would have done very well), I think DGB can be viewed the same - especially keeping in mind that another one of the cryptographic digital currency's main goals is precisely to protect against fiat debasement and its resulting loss of purchasing power (i.e., real value) in the form of inflation.



Additionally, DGB is a leader in a new technology, and we all know how that goes when you're working with a winner from the very beginning. I think that aspect of DGB qualifies it as a certified long term investment with the potential for huge gains, much like we expect from a successful startup in a newly emerging technological sector.

DGB is a cryptographic digital currency startup within a new emerging technological sector that offers the potential to revolutionize how people view and use their money. That's a major long term investment in my opinion, that, yes, I'll give you this much, one day, once its real potential is realized and its long term value is established, will become more of a true currency with much less appreciation potential, but I think that is still some time well off in the future.

The recent posts appear to be efforts to articulate a definition.  What is digital currency?  Is it a currency?  Is it an investment?  Is it something else?

Just to summarize the opinions stated in the previous posts.  We would not (better stated, we could not) spend an investment on lunch.  And we would not seek long-term returns from a currency.

If we use the terms "investment" and "currency" to define the boundaries of DGB we create an impossible contradiction.  Currency is only as valuable as it is useful.  Investment is only valuable because it is not useful in the short-term.  However, if our investment in a digital "currency" is going to gain value, the currency needs to be useful; it needs to be used and adopted.  But, in the process of being used and adopted, it ceases to be an investment.  It is an impossible contradiction.

Whenever I'm faced with an impossible contradiction, I return to the terms that define the conversation.

I might suggest that the terms of this conversation need a bit of revision.  Visa is not a currency - Visa is a service that processes transactions.  Western Union is not a currency - it is a service that processes money transfers.  The bank near your house is not a currency - it is a service that gives consumers and businesses access to financial assets. 

Like a bank, or wire transfer, or payment processor, Digibyte is neither a currency, nor is Digibyte an investment.  Instead, I would argue that Digibyte is a service.  It is a service available to both individuals, and to businesses.  People can invest in Visa, or Western Union, or Digibyte.  But, when we invest in these services we're not investing in the dollars, or euros, or rubles, or even the digibytes.  Instead, we're investing in the future growth of e-commerce, and global network of financial assets.

Digibyte stands out as one of the best opportunities in the world of digital currencies precisely because the development team recognizes and works toward creating value through multiple services.  The DGB development has done more to develop our core services than any other digital currency that I know of ...