And therefore, reduced the supply and the problem is solved. People buy only ~500k DGBs per day. If enough people know DGB, the supply can be raised again.
Do not set yourselves under pressure by the large supply.
The life cycle is not a straight line or curve, you must regulate the market. On the other side are people and not machines. people needs a leader or rules. the coin-"evolution" this is not static process or algorithm. The largest part of the crypto-currencies is chaos, adjustments and rules are not bad!
The problem is NOT solved with reduced supply. You have less coins that are worth more. People either dump or the less coins mined by the auto sell miners are sold at a higher rate. Its an illusion reducing the supply.
More people invested and interested is the solution. This alone is a patch fix...... SERVICES, USE and development is the only way forward.
The miner integrated into the wallet will solve the auto dump issue in a way if more people adopt DGB and the wallet.
The services and use... well i'm shit out of ideas there. My gaming service was going to use DGB as the primary currency but I think for now i'll switch coins. Adoption on the service would mean i'd have to sell a portion to realise fiat for my weekly pay and hold the rest in hopes of it succeeding. Big risk at present. Not to mention if it drives price up through adoption
I have to compete with auto miners which i'm not too keen on betting on.Don't reduce supply but remove sha and scrypt and put neoscrypt and Lyra2RE in place to remove most auto miners. This will mean more miners wait for higher price instead of dumping out as coins mined.
I'm no instaminer, I mine and buy DGB exclusively (in excess of 20 million and growing), I support it with all my mining hardware as do many other SHA and Scrypt miners. Do you really want to jeopardize that support? We are already integrating DGB with only one other coin as the primary payment option in an excess of 1 million USD funded VR project that will benefit both ourselves as currency holders, and many of you here.... Take a chill pill and learn the art of patience, it'll pay off in the long run I'm sure.
Alot of posts with suggestions of changing DGB's supply etc etc seem to be worried about the current slump, are you all instaminers or pump and dump traders? The reason I ask is most of the suggestions would actually damage DGB in the longterm in my humble opinion. If your outlook is long term, then I don't understand the concern, buy while the buying is good, it's a golden opportunity! If on the other hand, you're an instaminer or pump and dump trader, then I completely understand your concern, but truthfully, and I mean no disrespect, DGB will do better to see you all drop your holdings now and let us buy you up as guardians for the future and longterm wellbeing of DGB.
Playing around with supply etc would not bring more trust and investment on the longterm, rather it's a tell tale sign of a coin that will be manipulated for short term gain based on kneejerk reactions to market sentiment.... AKA a great pump and dumper!.... Something I would definitely not invest my time or money in!
As I've said, this is my personal opinion as a true believer in DGB being a future mainstream currency.... Is it possible that some people need to reconsider their belief and real motivation for getting involved with DGB, and change that, rather than the coin itself?