Re: ★★DigiByte|极特币★★[DGB]✔$250k Investment, DigiByte Gaming, #DigiByteTip, DigiSpeed
I have already received a submitted personal statement (250-300 words) from one user on this forum. Please could people who were part of the DigiByte community in the first year write one. I have two more, possibly three, more statements I can include in the book called "DigiByte - History of the First Year". Personally, I would like Jared, 24hralttrade and HR to submit theirs.
Please get in contact via private message on here. Only four weeks remain until publication.
Thank you
Chris
Please get in contact via private message on here. Only four weeks remain until publication.
Thank you
Chris
When keeping in mind that your book deals with the first year, I got to thinking that what I might say now might be completely inappropriate after having seen 9 months more development - it would be a kind of back to the future anachronism - so I did a quick look-see and came up with this from back in January just around the time of DigiByte's first birthday. It's probably about the most representative thing I could find and should serve well as a "personal statement" or kind of "testimonial" as to my thoughts and commitment at that time. Would this kind of thing work for you? I could take a look further back when I have a bit more time and perhaps find a couple other snippits, perhaps something even a bit more personable, if you'd like.
You really need to read a bit before coming to conclusions.
. . . starting with the OP.
Here are some excerpts
Why use DigiByte?
Security: DigiByte uses five highly advanced cryptographic algorithms.Speed: DigiByte transaction notifications occur in 1-3 seconds, blocks are discovered every thirty seconds and transactions are fully confirmed every 3 minutes. Future planned upgrades will make these times even faster.Fees: Most DigiByte to DigiByte transactions are free or carry a very small network-mining fee to incentivize people to mine.Worldwide: DigiBytes are already stored, traded and transacted in over 173 countries.Decentralization: There is no need for a middleman or third party or central server.Re-Spend: Send DigiBytes you received to someone else in as little as three minutes.Finite Production: New DigiBytes are added to the network every thirty seconds through a process called mining as each new block (or grouping of transactions in a spreadsheet like format) is discovered by the network.Scarcity: 21 Billion DigiBytes will be created in 21 years.1% Monthly New Minting Reduction: New DigiByte production decreases 1% every month.Mining: DigiByte mining is decentralized with five independent, highly secure mining algorithms.Adaptable, innovative & flexible: DigiByte is constantly adding new features & services to remain on the cutting edge of digital currency technology.Committed Development: DigiByte has been under constant, progressive development for over one year now with core development team members from all over the world.Millennial Acquisition Potential: DigiByte provides merchants, banks & other legacy institutions with a new means of acquiring & connecting with tech savvy millennial users.A Bright Future: DigiByte has many new & exciting projects underway to be released throughout 2015 to increase DigiByte utility and new user adoption across the globe.DigiByte vs. Bitcoin
Security: 5 DigiByte mining algorithms vs. 1 Bitcoin algorithm.- DigiByte mining is much more decentralized.
- DigiByte mining algorithms can be changed out in the future to prevent centralization.
Speed: DigiByte transactions occur much faster that Bitcoin transactions.- 1-3 second transaction notifications.
- 30 second DigiByte blocks vs. 10 minute Bitcoin blocks.
- DigiBytes are confirmed after 3 minutes vs. 1 hour with Bitcoins.
Transaction Volume: DigiByte can handle many more transactions per second.- Bitcoin can only handle 7 transactions per second.
- DigiByte currently can handle 140 transactions per second.
- Future DigiByte upgrades will push transaction limit to several thousand per second.
Total Supply: More DigiBytes, lower price, more micro transactions, better price stability.- 21 billion DigiBytes will be created over 21 years.
- Only 21 million Bitcoin will be created over 140 years.
- 1:1000 ratio. 1 Bitcoin for every 1000 DigiBytes.
Flexibility: Ability to quickly add new features.- DigiByte can add new features & upgrades much quicker than Bitcoin.
- Future DigiByte upgrades will push transaction limit to several thousand per second.
Marketability & Usability: DigiByte is an easy brand to market to consumers.- DigiBytes are much cheaper to acquire.
- $1 - $10 long-term price target per DigiByte.
- Send 5 DigiBytes instead of 0.005 Bitcoin.
DigiByte Timeline
2009 - 2012: The initial design & development for an open source decentralized cryptocurrency known as Bitcoin is created by an anonymous programmer using the name Satoshi Nakamoto.
2012 2013: The founder of DigiByte, Jared Tate initially discovers Bitcoin and spends over 14 months analyzing, learning & experimenting with the Bitcoin network and source code.
November 2013: Jared decides to improve upon Bitcoins codebase with a brand new digital currency & payment network named DigiByte and begins development.
January 10th, 2014, 12 PM MST: DigiByte officially launches with much success and user participation from around the globe.
February 28th, 2014: DigiShield hardfork at block 67,200. DigiByte developers in response to multi-pool attacks test and develop an asymmetrical difficulty adjustment system named DigiShield. DigiShield is quickly adopted & implemented by many other digital currencies including Dogecoin. Many digital currencies still use & apply parts of DigiShield codebase.
April 8th, 2014: DigiByte attends, gives a professional presentation & has a booth at the first ever cryptocurrency convention in New York City. Watch Video Here
May 1st, 2014: DigiByte mentioned on CNBC.com. Read Here
May 9th, 2014: DigiByte mentioned live on CNBC for the first time. Watch Video Here
May - August 2014: DigiByte team meets with several potential investors & strategic partners.
September 1st, 2014: MultiAlgo hardfork at block 145,000. DigiByte plans & successfully deploys its second hardfork to allow miners to mine on five independent mining algorithms & is the first digital currency to make such a move.
November 29th, 2014: DigiByte officially announces a $250,000 private investment to build services around the DigiByte network as well as a strategic collaboration with Tofugear Ltd of Hong Kong and a new office presence in Hong Kong. Read Announcement Here
December 10th, 2014: MultiShield hardfork at block 400,000. DigiByte deploys & executes its third hard fork to improve network performance alongside a reward reduction to extend DigiByte production to 21 years.
January 10th, 2015: DigiByte turns one year old.
January 16th, 2015: DigiByte releases DigiHash Easy Miner for beginners. Read Release Post
January 21st, 2015: DigiByte releases 1st Web Based Multi-Signature Wallet. Read Release Post
January 23rd, 2015: The first DigiByte wallet has been approved & listed on the Apple iTunes store. Read Release Post
January 26th, 2015: DigiByte mentioned on CNBC.com! Read Article
February 1st, 2015: The DigiByteTip is released to the public for beta testing. This allows users tip send & tip DigiBytes on Twitter, Twitch, Facebook and Reddit. Read Release Post
And don't forget about all those little mentioned accomplishments while "jet setting" around. (I need to compile a list.)
Here is a quick update for everyone!
The 1st ever Digital Currencies convention for Bankers went very well in New York. We made a lot of connections & introduced a lot of high level people to DigiByte & DigiPay. Every major bank from Wells Fargo, Chase & more to Visa, Mastercard and even the people who run the SWIFT international transfer system where in attendance. There were also several representatives from some of the 12 Federal Reserve Banks. It was the most insightful & beneficial conference we have attended yet. Besides Ethereum, Mastercoin & Ripple we were the only alt coin represented there. This showed several people we are serious & a legitimate contender for long term Digital Currency success.
The thing that surprised us the most was not "if" digital currencies would go main stream, but "when," "how" and "who" would be the first ones to do it. Several bankers legitimately felt block-chain technology can replace the aging ACH system. Bankers felt block chain technology could make it much easier for them to operate & follow AML/KYC laws.
I (Jared) also met up with Brian Kelly of Nautiluscoin & had a great lengthy conversation about the future of Digital Currencies after attending the Fast Money show at the NASDAQ market site. Some very positive things are underway. Finance is changing & we are proud to stand along side all of you as we are all pioneering the future of money! DigiByte to the moon!
The 1st ever Digital Currencies convention for Bankers went very well in New York. We made a lot of connections & introduced a lot of high level people to DigiByte & DigiPay. Every major bank from Wells Fargo, Chase & more to Visa, Mastercard and even the people who run the SWIFT international transfer system where in attendance. There were also several representatives from some of the 12 Federal Reserve Banks. It was the most insightful & beneficial conference we have attended yet. Besides Ethereum, Mastercoin & Ripple we were the only alt coin represented there. This showed several people we are serious & a legitimate contender for long term Digital Currency success.
The thing that surprised us the most was not "if" digital currencies would go main stream, but "when," "how" and "who" would be the first ones to do it. Several bankers legitimately felt block-chain technology can replace the aging ACH system. Bankers felt block chain technology could make it much easier for them to operate & follow AML/KYC laws.
I (Jared) also met up with Brian Kelly of Nautiluscoin & had a great lengthy conversation about the future of Digital Currencies after attending the Fast Money show at the NASDAQ market site. Some very positive things are underway. Finance is changing & we are proud to stand along side all of you as we are all pioneering the future of money! DigiByte to the moon!
In a nutshell, DGB is a highly focused endeavor with an extremely clear vision for creating a viable, widely adopted digital currency for a specific niche that meets (and beats I might say) all existing programming requirements and that IS BEING DELIVERED on time and as promised by a Dev Team led by a real person whose real identity is known to all.
Can you say that about any other "alt coin"?