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!

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.

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 ...

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.

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.

Not a necessity at this point, which means you have everything to lose and nothing to gain (especially if it turns out bad). There's talk of trying to develop dynamic block sizes with BTC. There's no rush. Let's take our time and get it right, and see what other folks are coming up with as well.

Looks like something more immediate is in the pipeline though. https://twitter.com/digibytecoin/status/605440393816121344


Let's keep up the intelectual debate too. We still have a lot of ground to cover and it takes all of us!

And the getting's still good. 

Comkort - closed
📅 Yesterday at 23:15   11 comments 


Dear Users,

Regretfully we have to inform you that Comkort exchange is ceasing operation. Throughout the whole term of our existence we have strived to deliver an the best possible service for profitable cryptocurrency trading. And yet, the time has come to terminate our service.

In light of these event ALL users have to withdraw their funds before July 19th, 2015 inclusively. July 20th, 2015 we will suspend servers which will deactivate all the wallets and all further withdrawals will be technically impossible.

Trading will be stopped July 1st, 2015 at 18:00 GMT. All active orders will be cancelled.

We kindly ask you to help us spread the news by retweeting our tweet and by simply sharing the news, since it will greatly facilitate the transition process.

We thank all of you, who has been with us these past years. We learned through our project, which would not have existed without your support.

The reason for closing is quite simple - the exchange has not been profitable. And NO - we will not sell the source code )

Withdraw and possible issues

During withdraw you can get error. Don't panic. Just let us know creating support ticket and we will fix it.

We wish you all best of luck.

We are working on updating the kit on the front post as well as a new one put together by an awesome member of the community!