From what i have read about it, it seems like a solid coin with long term potential, but all the posts on here make it sound like a PnD shitcoin
Am I missing something?
Redpill me on Digibyte
Logan Johnson
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steemit.com
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Matthew Phillips
1/2
Juan Bell
2/2
Landon Williams
DGB memefags made everyone believe they were working with minecraft while there was just one third party server that uses DGB as a currency.
Got waaayy overhyped, just like the citibank stuff (and crashed the price after)
DGB is a solid coin though, will have a great future.
I bought in a lot during the dip.
Jaxon Long
>started as a PnD
>first round left a lot of casualties
>said losers shill it into round 2 by being optimistic about the "fundamentals" (minecraft)
>round 2 creates even more casualties but they were sold on the idea that there's big news right around the corner so hold
>the shill the big news nonstop and fresh blood joins in
>round 3 begins
>more casualties and more people starting to think hey maybe there is something to the digibyte stuff
>shilling intensifies and noobs are pouring in because of ETH and BTC soaring
>this new round of people honestly believe they bought something worthwhile
>dumps again
>now a group of people who think they bought the "next ETH" are concerned. why did it dump?
>what's that? a science fair?
>citi contest shills fucking hard
>meme contests
>multi site shilling
>DGB is literally the next ETH to these people now
>big pump before the contest
>DGB loses and the presentation looks childish
>massive dump
>DGB flounders
Blake Murphy
The minecraft server got memes too hard. The devs even said that it was a third party but anons took it out of proportion.
I see a bright future ahead for dgb. It's easily a $1 coin. Give it about a year.
Logan Flores
>be newcoiner
>stressed out over dgb
>still in profit, got some advice
>sold enough dgb to get back my initial investment
>no longer stressed and remaining dgb can be held for eternity
I'm doing this with EVERY coin now! Must be a psychological thing, it feels like free DGB im sitting on now.
Anthony Cook
>I joined at round 3
I'm gonna hodl these bags of shit and just pretend I went to the casino and hit max-bet a few times on the "I LOVE LUCY" machine
Juan Bailey
That's a good strat.
I plan on cashing out 1/3 after i get 3x value.
100% profit
Noah Fisher
The main issue with DigiByte is the very large premine and instamine they dont tell you about. Let me explain a little about how DGB came to be "the fastest coin"
Originally DGB was a premined LTC clone with 1m blocktime and no other features. In Aug 2014, they forked their coin, basically copy and pasting Myriadcoin's code. They accidentally copied Myriad's targetblocktime variable which was 30s at the time. Seeing as that's literally all you have to do to make your coin 'faster', the speed of DGB was doubled! And the inflation too, for 2 months.
2 months later DGB finally released a new fork wallet, apologizing for the "accidental instamine", and the new fork cut the rewards by 300%. Then DGB announced that they were receiving a "250,000USD investment" (in 2014, for altcoins, that was huge news). Then they changed all their websites, infographics, etc. to say DGB was "the first multi-algo coin."
So now you're wondering... you can just change the 'speed' and 'scalability' by changing a single variable. So why hasn't Bitcoin done that?! Well, the answer is that nobody can agree on what is a *safe* level of scaling. I would agree that Bitcoin is currently *too conservative* and this is due to a bunch of politicking bullshit. But on the other hand, for DGB to advertise themselves as the fastest coin, is so laughable. One. Line. Code. Change. That they claimed was a result of "partnering research with microsoft".
If you look at DGB's orphan rates, you will see that accepting DGBs with less than 40 confirmations is pretty damn risky. Another thing is DGB will have no full nodes in 2 years lol.