Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 847. (Read 3059029 times)

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 ...

There's no incentive what-so-ever to buy with DGB. In fact, it's the opposite. If you factor in bank transfer/wire and commission costs, and the time and effort you put into buying your DGB, it's absurd (in my opinion) to then turn around and spend it at a loss since a fiat purchase would be cheaper to begin with (and you also lose again with the actual purchase since you will be charged a premium by the seller in order to cover their costs of converting back to fiat).

Buying with DGB makes no rational sense at this point in time. Neither does buying with BTC for that matter - unless you bought BTC long ago when it was valued in single digits. If you're buying BTC to then buy something else that you could have bought with fiat in the first place, you'd better start giving it a second thought.

Add: and if you're mining, the math gets radically worse, unless your electricity is free . . .

It is just the way people are and people that want to change that should unite under our flag and hoard and not give up their coin too easily because it is grossly undervalued. Bitcoin is now an example of 'same as it ever was' with 1% of the community holding 99% of the wealth. I don't want that for DigiByte and it sounds like you don't either.

https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/

Nahh i dont think so,I have been following the exchanges,Placed a few buy orders (~2btc) and i did not see any sell order with that amount and I even think that the payment processor (Litepaid) holds all the Digibytes themself.
So what i really did is bought my food with Digibytes and exchanged the money i would normally spend for my food (and more) to BTC->DGB.

What i'm doing here is part of a bigger plan and it's just to show my fellow merchants that it really works and what we are doing over here. Some of them even follow this thread and the Digibyte social media accounts;)

Very good point.

Maybe we're putting the cart before the horse. Everything has its natural life cycle and maybe we should relax and go with the flow by focusing on what's reasonable and really productive at this point in DGB's development.

That having been said, I'm a hoarder, obviously, since I think this is the early adopter, venture capital, startup, long term huge gain for initial investors, stage. 

Hi guys, thanks esotericizm I now have my coins back.

I've been thinking, is it a good idea to start a dgb to currency exchange? This would distinguish dgb from most other coins. I have basic web design skills (By basic i mean simple html/css and a CMS like Joomla haha) Im sure a lot of you devs are better at web design, but is this a good idea?
Im going to be behind digibyte all the way now, i've lost trust in the issuers of money in todays society. There is too much corruption and greed in the world, whether that be in the fiat world or crypto world, but i'd rather put my faith into something which actually has value rather than numbers on a screen and worthless banknotes.

Damn you guy, the price downs because you are using DGB to pay your stuffs. 

127407 Digibytes

I invite all the dutch guys to come over and have something nice to eat, 10% discount for everybody!
http://www.mijn-restaurant.nl/

Damn 24! You're making me hungry!
How much DGB was it?

hmmm,So tasty 

How about an 'ATM' in Digibyte's wallet on the smartphone? i mean i can link my bank account to my paypal account and transfer money to paypal. i can do that on my smartphone since it has a web browser. i dunno if there's a paypal app for the smartphone but if i had something like a paypal wallet on my mobile phone and only have to top it up the amount that i need to use to spend on whatever, whenever and wherever, that will be quite kickass. As for changing fiat (USD, EUR, etc) into DGB, shapeshift can handle that. currency conversion will most probably be handled by banks anyway if one's bank account has the feature of exchanging currency. So maybe a collaboration with shapeshift will work.

Just an idea though. i don't know how much work is needed to be done, how much security is needed to be implemented and how much regulations will be involved in this.
But perhaps an idea that can be look into in the long run. security can be fingerprint identifcation or receiving SMS Confirmation, CLEF Authentication? yea...

yes you're right but it's like the chicken and egg who do we need first

Shop at Alternate via Gift off with DigiByte

https://giftoff.com/gift-cards

A digibyte ATM would be a good thing. For my bitcoins i'm used to move to the BTC ATM in my city who is working both way, giving BTC for cash and giving cash for BTC.

A Digibyte ATM ?
http://www.digibyteforum.com/index.php/topic,343.msg953.html#new

Give me a few hours to setup a fresh Windowz Virtual Machine and I'll get it out to you.

hi,

Is this download special for you or are you talking about the Digispeed Hardfork update?

Guys come on wheres the 3.0.3.1 core download? I have 4,250,000 sat in cyberspace and i cant get them back until i have this download... I was told Jared would update it tomorrow, 2-3 weeks ago...