Thank you all for your continued support and for being here for 3 years! DGB is now officially 3 years old! Join us for the 1st ever DGB Roundtable live broadcast. Anyone can join the discussion and join the chat to ask questions!
https://www.youtube.com/watch?v=AFrmY7YFyisI have 2 questions.
1. Why is development slow with 5-6 people working on DGB?
2. Why does dgb need more crowdfunding when they received $250k in 2014? The $250k investment has not done anything , what will another $250k really help?
First, thank you for taking the time to ask the question. Second thank you for supporting DGB!
As mentioned in the original CoinDesk Press release:
http://www.coindesk.com/digibyte-raises-250k-altcoin-retail-payments/The funds will be used by the DigiByte developers as part of a push to upgrade the core functionality of the project's code and develop new services on top of its infrastructure.
Key phrase here: "develop new services on top of its infrastructure"
$250 K (from a private investor) would cover 3 quality developers & company expenses for about a year in Silicon Valley. It costs about 3k a month for a developer simply to live there. We are now three years later. For those who are not aware, these are the platforms and upgrades that have been created since then:
Core Protocol:Multi-Algo Hard Fork (Multi-Algo mining)
Multi-Shield Hard Fork (Multi-Shield difficulty adjustment)
DigiSpeed Hard Fork (Increased speed & scalability)
Upcoming 4.1.3 Release
Result = DigiByte is now the longest and most proven scalable public PoW blockchain in existence with over 3.7 million blocks and a capacity of 300 TPS currently.
"new services on top of its infrastructure"DigiByte Gaming
DiguSign
DigiExplorer
DigiByte.co (2 New Websites)
DigiByte Gaming Wallet (Multiple Phases)
iOS Wallet
Android SPV Wallet Upgrades & Maintenance
Tofugear Retail Payments Integration (we really need to promote this more)
DigiPay Payment Processor
DigiByte Market
DigiTradeX (Fully functioning exchange developed and tested, never released due to regulatory burdens and requirements for USD to DGB)
Original DigiByteTip Platform
Upcoming Digi-ID and Digi-2FA
Numerous conferences, marketing materials and presentations have been paid for to promote DGB. Not to mention the DGB we have paid out to bring 40,000 new gamers into the Digi ecosystem.
All DGB we have has been purchased on the market, there was no ICO or Pre-Mine held on to support development once this group emerged. (0.5 percent was given away and used for initial wallets the first 6 weeks. All documented publicly as most of you know, check the first page)
All the above services require hosting & maintenance costs. At one point our combined server expenses were over $1,000 USD. We have also sponsored and helped community projects whenever possible.
As for us "crowd funding". We are working to build a thriving ecosystem outside of "us". Name one other cryptocurrency where a handful of people have done all the above. Each of those services could easily use a team of 20 people to really be taken to their full potential with millions in investment for each one. Simply look at individual platforms in the BTC community, and the teams and funding behind each one.
2. Why does dgb need more crowdfunding when they received $250k in 2014? The $250k investment has not done anything, what will another $250k really help?
DigiByte is decentralised and we want to grow the community to take on their own projects and help build a true, decentralised future. This platform is to allow individuals to "crowd-fund" their own ideas and projects. For others to take initiative. Nowhere are "we" asking for another 250K from anyone.
Hopefully this clears some things up.
Please people read this...it's not like it was posted so long ago. I refuse to call DigiByte a p&d coin but it is also obvious that's how many people think of it. Any coins the developers have, have been bought off the market and they are not the main benefactors, so early miners should be.
