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Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 964. (Read 3058888 times)

HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
Is DGB steeled for potential regulation in the U.S. and other countries?

 Roll Eyes can anybody answer this please Smiley

I'm not sure I understand your question. Could you be more specific? What do you mean by "steeled"? Are you asking if somehow there is a way for any one individual person, place or thing to somehow be exempt from public scrutiny and regulation? If that's case, the answer would obviously be "no", but, as I said, I'm not sure about your question, so if you could be a bit clearer . . .

hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
member
Activity: 85
Merit: 10
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity

Watching price, and holding my breath.

I'm not sure if it's not because it's like watching grass grow though.  Cheesy


This sure would be a nice place to put in a floor . . .

legendary
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
Is this...what i think it is...?

"The Calm before The Storm..."

a good 'storm' i meant. like...taking the world by storm!

If I were Jared, I would not do any announcement before the coming BTC auctions on the 5th of March.
So plausible logic forces me not to expect any announcement before that... (but who knows)

Bitcoin price is increasing and clearly being manipulated by Fed.
Bitcoin price will continue increasing up to $340 (my guess) by the 5-6th and maybe 7th of March, and will be followed by a huge dump Smiley
Expect a huge suffering in altcoins, especially those very quiet ones.

Therefore, while the bitcoin price is pumping, people are more interested in buying bitcoin or holding their bitcoin position than any other altcoins atm.
Even if DGB price moves now due to an announcement, it will be dumped back very quickly and it will be just wasted.... That also whispers me that no announcement will be made.

Marked ! Cool

I know devs who didn't follow that rule! Cheesy And it was as you said...

Sometimes, you have to follow the habits of digital currency environment to exploit further and use it for DigiByte's future.
legendary
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
.....

Wanted to drop in and give everyone an update. We have been on the road non stop working to make things happen for DigiByte. Multiple cities, time zones and meetings. It starts wearing on you but we are very excited and motivated to make things happen for all of you who are a truly awesome community!

We have received a lot of messages on several platforms but have not had time to get back to everyone. We definitely value everyone's input and we will get back to you just give us a bit of leeway and time and we will try and answer some of these questions on here as well as news releases.

Let's keep the momentum rolling and make sure to keep doing whatever you feel you can to make DigiByte better each and every day. Remember this is a decentralized currency at the end of the day.

Cheers & thanks again for all your support!

-Jared



Thank you Jared! Keep up the great work.

I have planned a few of my works for DigiByte along with Bitcoin.
I hope to give some beta tests after the Summer. I cannot do full-time work on the projects atm.
But will have more time around Summer and will focus on them full-time.

I am no website designer, so I will need some help from your team for that part. Best,
legendary
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
Is this...what i think it is...?

"The Calm before The Storm..."

a good 'storm' i meant. like...taking the world by storm!

If I were Jared, I would not do any announcement before the coming BTC auctions on the 5th of March.
So plausible logic forces me not to expect any announcement before that... (but who knows)

Bitcoin price is increasing and clearly being manipulated by Fed.
Bitcoin price will continue increasing up to $340 (my guess) by the 5-6th and maybe 7th of March, and will be followed by a huge dump Smiley
Expect a huge suffering in altcoins, especially those very quiet ones.

Therefore, while the bitcoin price is pumping, people are more interested in buying bitcoin or holding their bitcoin position than any other altcoins atm.
Even if DGB price moves now due to an announcement, it will be dumped back very quickly and it will be just wasted.... That also whispers me that no announcement will be made.

Marked ! Cool
hero member
Activity: 622
Merit: 504
Your only Amigo, in the World of Crypto
Is this...what i think it is...?

"The Calm before The Storm..."

a good 'storm' i meant. like...taking the world by storm!
newbie
Activity: 7
Merit: 0
Introducing ★★DigiHash Easy Miner★★ Beta v1.0


Hey there, I'm getting "redirection not supported," and the thing is that I've been mining for a few weeks now. What's wrong?
full member
Activity: 136
Merit: 100
I'm Embarrassed to be here


Yeah i have seen this before.  Do people really use it?
Thanks for bringing this up!
[/quote]

I havent yet personally, but its there, to be used.
hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
Just a note to those self-rioteous people who think that investors are a "problem" : Get over yourself.  

You may live in some fantasy world where money doesn't matter or you may be independently wealthy.  Most people don't and aren't.  They are looking out for their own interests because they have to.  

Cryptocurrencies whether they are DGB or BTC itself will only grow by getting more people on board.  They will not grow by people holding onto their coins indefinitely and waiting for something magical to happen.  

DGB is meant to be a currency not an investment asset.  A currency only grows when people use it.  

Right now the only real place to use DGB is on exchanges and that is a big problem but if those people who are currently buying or selling DGB weren't doing what they are doing DGB would already be dead.

The way to grow DGB is to get new people on board and that will only happen with new features and more places to use it.  Right now DGB doesn't have anything sufficiently attractive versus more traditional payment methods for the average person on the street.  It may seem to for those of us in the crypto-community but this is a small niche.

I speak from personal experience of trying to get friends on board with cryptocurrencies.  

Most of them, even those who are technically minded, don't care.  

Until we can find a way to make them care and take notice, cryptocurrencies like DGB (and even BTC itself to a degree) will remain the domain of people who simply use them as a means to make money via speculation.


Here's a potential use case " https://unbreakablecoinauctions.com/vote.php? "  Is a crypto-coin auction site, would be cool if we could use DGB there. No, its not loaded with goodies now.. but it has potential. The more eyes the merrier.


EDIT: I just spoke with Jim ( the auction site owner/operator)... DGB is accepted there already, no need to vote. There's a 'use case' for the record.

https://unbreakablecoinauctions.com/index.php?

Yeah i have seen this before.  Do people really use it?
Thanks for bringing this up!
full member
Activity: 136
Merit: 100
I'm Embarrassed to be here
Just a note to those self-rioteous people who think that investors are a "problem" : Get over yourself.  

You may live in some fantasy world where money doesn't matter or you may be independently wealthy.  Most people don't and aren't.  They are looking out for their own interests because they have to.  

Cryptocurrencies whether they are DGB or BTC itself will only grow by getting more people on board.  They will not grow by people holding onto their coins indefinitely and waiting for something magical to happen.  

DGB is meant to be a currency not an investment asset.  A currency only grows when people use it.  

Right now the only real place to use DGB is on exchanges and that is a big problem but if those people who are currently buying or selling DGB weren't doing what they are doing DGB would already be dead.

The way to grow DGB is to get new people on board and that will only happen with new features and more places to use it.  Right now DGB doesn't have anything sufficiently attractive versus more traditional payment methods for the average person on the street.  It may seem to for those of us in the crypto-community but this is a small niche.

I speak from personal experience of trying to get friends on board with cryptocurrencies.  

Most of them, even those who are technically minded, don't care.  

Until we can find a way to make them care and take notice, cryptocurrencies like DGB (and even BTC itself to a degree) will remain the domain of people who simply use them as a means to make money via speculation.


Here's a potential use case " https://unbreakablecoinauctions.com/vote.php? "  Is a crypto-coin auction site, would be cool if we could use DGB there. No, its not loaded with goodies now.. but it has potential. The more eyes the merrier.


EDIT: I just spoke with Jim ( the auction site owner/operator)... DGB is accepted there already, no need to vote. There's a 'use case' for the record.

https://unbreakablecoinauctions.com/index.php?
legendary
Activity: 1218
Merit: 1003
To all the ladies out there, I say this: Buy your tights with digiBytes
To all the international business men buy your flights with digiBytes
To all you kids, your bikes and kites with digiBytes!
Tomorrow, THE WORLD…. again!

+1

Wanted to drop in and give everyone an update. We have been on the road non stop working to make things happen for DigiByte. Multiple cities, time zones and meetings. It starts wearing on you but we are very excited and motivated to make things happen for all of you who are a truly awesome community!

We have received a lot of messages on several platforms but have not had time to get back to everyone. We definitely value everyone's input and we will get back to you just give us a bit of leeway and time and we will try and answer some of these questions on here as well as news releases.

Let's keep the momentum rolling and make sure to keep doing whatever you feel you can to make DigiByte better each and every day. Remember this is a decentralized currency at the end of the day.

Cheers & thanks again for all your support!

-Jared


Just keep doing what you're doing, we can wait...

Ooh Jared liked one of my posts, I'm touched.

Activists supporting plights, standing up for peoples rights.
Theatre goers’ bank rolling nights, see the stars shinning bright.
Adventurers gazing at the northern lights and other world famous, wondrous sights.
Even, Xbox games for troglodytes, now all paid for with digibytes!

not yet perhaps but soon!

ps love the Gandhi quote at that bottom of your post RJF.


RJF
hero member
Activity: 616
Merit: 500
Online since '89...
To all the ladies out there, I say this: Buy your tights with digiBytes
To all the international business men buy your flights with digiBytes
To all you kids, your bikes and kites with digiBytes!
Tomorrow, THE WORLD…. again!

+1

Wanted to drop in and give everyone an update. We have been on the road non stop working to make things happen for DigiByte. Multiple cities, time zones and meetings. It starts wearing on you but we are very excited and motivated to make things happen for all of you who are a truly awesome community!

We have received a lot of messages on several platforms but have not had time to get back to everyone. We definitely value everyone's input and we will get back to you just give us a bit of leeway and time and we will try and answer some of these questions on here as well as news releases.

Let's keep the momentum rolling and make sure to keep doing whatever you feel you can to make DigiByte better each and every day. Remember this is a decentralized currency at the end of the day.

Cheers & thanks again for all your support!

-Jared


Just keep doing what you're doing, we can wait...
RJF
hero member
Activity: 616
Merit: 500
Online since '89...

The problem with current atl-coin pricing is that it is based on very simplistic analysis which is applied across the board without almost any consideration of any other criteria: a simple Your_Favorite_Coin-BTC ratio, nothing else, and for everything, every alt-coin, across the board. Coins like DGB won’t be appropriately valued until the valuation analysis becomes a bit more sophisticated.


+1 Agreed, the valuation system is currently flawed. Only a few control the prices of all cryptos and that is the real problem.

HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
We will hit 200 sat soon(weeks,months), This will double with speculation . It's up to the miners and dedicated investors not to sell for less than what they'd think the price would be one year from now. Even if they are day traders wanting to make small gains

And we’ve also got to tack on fixed hardware investment costs to that rough 200 SAT figure. I estimate that a low ball figure for that would be another 25% or so – roughly another 50 SAT. Then, people want to get paid for their time, and, obviously, there is time that goes into mining, like initial setup and maintenance. Add another 50 SAT. Early stage venture capital investments usually look for at least a 7.5x return on their investment, so that would take our base price up to 2,250 SAT. What happens then is that the early stage venture capitalists sell to late stage venture capitalists who look for something around 3 times investment – 6,750 SAT. Once we have a mature and proven product that qualifies as investment grade, “normal” investors begin to participate, and they expect to see at least a 10% annual return for investing in still relatively young and risky products, and that would take us to 17,500 SAT, which would still be substantially below DigiBytes’ intended target of 1000:1 with BTC. With today’s BTC pricing by the way, that would almost be a nickel, while the 1000:1 target would be a quarter, or 0.25 USD, the perfect micro-payment value that DGB should have by the time it becomes a widely accepted monetary unit used for micro-payments (and I forgot to mention fiat inflation - one of the main reasons for investing in crytographic digital currencies - which, over a 10 year period of time could cause the value of both BTC and DGB to skyrocket, leaving all my conservative estimates behind in the dust).

What happens in real life though is that, just like there is a lag time in the early stages in price reflecting what early investors with foresight envision, there is an eventual inflexion point where psychology inverts and investors 'suddenly' move beyond simplistic analysis and wake up to the long term price potential, and that's when future potential is suddenly "discounted" positively and price, instead of lagging, begins to surge well in advance of projected expectations. The long and the short of this is that, while it may take many years for DGB to actually become the operative micro-payment vehicle is intends to be, it may be priced as such years in advance of actually achieving that goal.

newbie
Activity: 5
Merit: 0
We will hit 200 sat soon(weeks,months), This will double with speculation . It's up to the miners and dedicated investors not to sell for less than what they'd think the price would be one year from now. Even if they are day traders wanting to make small gains
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity

Reading recent posts regarding DGB's current value and what we speculate might be its real value, I got to thinking that, sometime in the future, maybe a year, maybe 5, certainly within 10, sooner or later, DigiByte will stop being an investment and become a medium of exchange. That means that the creation phase will end and the permanent usage phase will begin. Obviously, achieving this means an appropriately valued price as well. Continuing with the same logic, it's the original investors, which made the product possible, who take the lion’s share of the capital gain profits as price reaches for its long term potential.

The viable, and implemented, profitable product that is actively and widely used for the purpose it was designed for, rewards those who made it possible. And rightly so. What’s more, production costs are paid for first, before ever even considering profits. Have you ever done the calculations on what the production cost would be for a complete cryptographic digital currency blockchain that conforms to the strictest of guidelines and parameters that make it of the best quality possible in every aspect from security to trust? That's not cheap! It’s not necessary to actually do the math to intuitively understand that, since the “producers” are, in this case, the “miners”, all those kilowatthours will be paid for - and imagine what the total of electric bills must look like. Those are production costs that will be paid for! Then fixed costs will be recovered as well, and if you add all those numbers up, you’ll probably come up with a figure that reasonably represents an absolute base value below which DGB should never go (and which is still many times above where price is now).

Then we come to the early investors (some of which are also miners . . . maybe even started out as miners . . . maybe even only ever did mining) who take home the lion’s share. As they should. Their risk is handsomely rewarded. Again, rightly so.

....

The problem with current atl-coin pricing is that it is based on very simplistic analysis which is applied across the board without almost any consideration of any other criteria: a simple Your_Favorite_Coin-BTC ratio, nothing else, and for everything, every alt-coin, across the board. Coins like DGB won’t be appropriately valued until the valuation analysis becomes a bit more sophisticated.

So, just for fun, I thought I'd pull out the calculator and drum up a low end "ballpark" figure, and, using the most conservative long term averaged estimate I think possible (which is to say that the real cost will most probably be much higher), in order to mine (create/bring into existance/produce) all the projected 21 billion DGB, the total electricity cost in USD terms will be roughly 10 million dollars. That, translated into satoshi, would be approximately 206 SAT - the lowest of the low ball figures. And that's only the electricity cost!

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