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Board Announcements (Altcoins)
Re: ★★DigiByte|极特币★★[DGB]✔$250k Investment, DigiByte Gaming, #DigiByteTip, DigiSpeed
by
HR
on 16/11/2015, 07:37:14 UTC
The first time I heard about Digibyte was in an article in a Dutch newspaper NRC.next. Since I always had a looming interest in crypto-currencies, I decided to start reading more about Digibyte and other crypto-currencies. The thing which really triggered my interested in Digibyte specifically, was the 'real-life' application using the Tofugear omni-platform. In order for Digibyte (and other crypto-currencies) to succeed and be accepted by the mainstream public it needs to be better in two criteria than current fiats: 1. speed and 2. ease of use.

Last Friday I visited the store of the House of Blue Jeans of 24hralttrade to experience 'shopping in the future' made possible by the Tofugear platform and the House of Blue Jeans. 24hralttrade showed me the possibilities and I was quite impressed. Especially the realtime analytics behind the platform is something which is very interesting for retailers themselves (stock/supply wise, but also the feedback of why certain products are taken out of the shelf often, but do not get bought). When I had to pay with Digibyte, it worked just as fast as when I would have paid by debit card. Therefore Digibyte already fulfills the first criterion (although it will have to meet this criterion when volume increases when more people start to use it - it should match at least the speed of other fiats when it's scaled). Even though Digibyte is only a (small) part of the Tofugear platform, the real life experience in the House of Blue Jeans convinced me even more of why Digibyte is a very interesting crypto-currency.

Coming to the second criterion; the ease of use. In the shop it was actually easy to pay with Digibyte, if you had everything set up (Digibyte Wallet on your phone). The most difficult part was actually when I decided I wanted to buy some Digibytes. Being new to crypto-currencies in general, I had to figure out everything about crypto-currencies. Even though the Digibyte website helped me somewhat with their explanation on the website on how to get Digibytes, I think there is room for improvement. Couple of suggestions:

1. Add an option for a real web-wallet (just like coinbase), where I only have to setup an account instead of installing stuff. I have a bank account online, why no Digibyte account?
2. When I wanted to buy Digibytes, I first had to find an exchange where I could buy Digibytes. That means I had to make an additional account on that exchange (= extra effort = less ease of use). In addition, I first had to buy bitcoin, since I can only buy Digibyte with bitcoin on most exchanges (at least the ones I check out). I don't want bitcoin, I want Digibyte for my euros! :-)

Since I am quite interested in cryptocurrencies, it was a nice learning experience. However, the mainstream public is lazy and does not want to go through this many steps. I am already having a hard time convincing friends of mine to buy Digibyte, because they don't understand cryptocurrencies in general, and setting up a Digibyte wallet and buy Digibytes at a different place (exchange-website) is already too much trouble. Therefore I would suggest (and I know it is not easy) to have one online Digibyte webwallet where you can buy in the same environment Digibyte for your Euros/Dollars/etc. This would greatly contribute to the 'ease-of-use' of Digibyte which is essential in order to get accepted by the mainstream public.

Furthermore, I think the Digibyte team is delivering excellent work, especially with the Digibyte Market (another 'bridge' to real life - being able to buy real products with Digibyte) and focusing on the gaming audience; a huge potential and an audience which is a bit tech-savy than the mainstream public. Excellent move in my opinion.  

Keep up the good work! :-)

Great to hear about your real life experience. It's been a while since we've spoken about this and it is a very deserving subject that we certainly don't want to forget about. I agree with you about the need to make the fiat to crypto conversion process easier and that's initially done with good documentation (as I am trying to do on my website, but unfortunately due to Cryptsy recently being called into question, I've had to pull a few things down). However, before you can document, you need something to document, and with the lack of infrastructure, well, let's just say that all we've got in Europe is LiteBit, and Coinbase in the US, but fortunately they are doing well and growing. Online wallets are inherently insecure, and few peope want to put their necks on the line so that others can have an easier time of things. Once a good legitimate service is finally offered, it will likely be quite expensive . . . and any thing else in this area that doesn't cost is probably a long term scam where one day everyone wakes up to find out that they've lost everything. One last thing worth mentioning is the basic underlying nature of currency exchange: when was the last time you bought Swiss Francs or Japanese Yen without having to "jump through hoops"? There are some things in life that you just can't avoid.

http://asistec-ti.com/phpbb/viewtopic.php?f=21&t=73&p=106#p106