[Digitalcoin](http://digitalcoin.tech/) is a diligently maintained cryptocurrency intent on market stability, making it ideal for commerce and saving. Possible changes to Digitalcoin's parameters can be implemented upon community rule.
ALTcointip bot allows Redditors to tip various cryptocoins to each other. 15 cryptocurrencies are supported - Bitcoin, Litecoin, Peercoin, Primecoin, Namecoin, Megacoin, BBQCoin, Digitalcoin, Infinitecoin, Ixcoin, Mincoin, Quarkcoin, Stablecoin, and Zetacoin.
A brief history of the 2013 market peak; why some alts really do die; and what would've happened if you'd given in to FOMO
This piece is a follow-up to my earlier piece, which looked at what would’ve happened if you’d purchased alt-coins shortly after the bottom of the 2013-2015 bear market. A lot of the constructive criticism that I received was that I was too bullish on alt-coins, and that the timing was too convenient. Although it’s fair to say that I am bullish on crypto in general and alt-coins in particular (with several major caveats for both), I agree that it’s important to not just focus on historical analyses where it’s fairly clear that you could have earned money. So, today’s research question is whether you’d still be underwater if you’d bought in to the market at or near the 2013 all-time high. All information cited herein comes from the historical charts available at CoinMarketCap. TL;DR: This worst-case scenario analysis shows that $300 invested equally across 15 of the 40 coins in existence near the market’s peak in 2013 would be worth only $429.95 today—gains which are entirely attributable to Bitcoin, Litecoin, and Ripple. This is basic, but it can be dangerous to buy high. This is especially true of alt-coins, but even the top three coins in our sample saw fairly lackluster results when bought at the top of the market. Finally, nothing in this post should be taken as investment advice. This is only intended as historical analysis. Past performance does not guarantee future returns. A Brief History of the 2013 Market Peak According to CoinMarketCap, the 2013 bull market peaked on December 4, 2013, at ~$15.87 billion in market capitalization.* Thereafter, the market crashed dramatically not once, but twice. In the first crash, which occurred between December 5-8, 2013, overall market cap fell by ~39% to ~$9.66 billion. Then, after a brief recovery to ~$13.57 billion on December 10th, the market fell precipitously, to ~$5.7 billion on December 18, 2013. Thus, over the course of only two weeks, from December 4-18, 2013, the market lost ~64% of its value. Although this was by no means the end of the 2013-2015 bear market--which lasted for approximately 17 months and saw an additional decline of ~45% from the December 18, 2013 low--this was the end of the beginning. What If I Bought Crypto Right as the 2013 Market Peaked? Generally, the first rule of trading is** that you want to buy low and sell high. As a result of their fear of missing out (“FOMO”), however, many people find themselves accidentally buying high. Today, I’m going to look at what would have happened to someone who bought their crypto right as the market was peaking. Ideally, I would run this experiment from December 4, 2013, but due to the limited data available from CoinMarketCap, I’m forced to choose between November 24th, December 1st, December 8th, and December 15th. Of those dates, I have selected December 1, 2013, because it represents the worst possible scenario for which I have data. On that date, total crypto market cap, which had hit a new high of ~$15.4 billion the day before, swung wildly between a high of ~$14.83 billion and a low of ~$12.18 billion. Unfortunately, it’s unclear exactly when CoinMarketCap’s snapshot was taken. That said, it’s clear that our hypothetical FOMO trader is about to lose his shirt over the next few weeks, so let’s dive into the specifics. On December 1, 2013, there were 40 coins listed on CoinMarketCap. I won’t list them all here, but of those 40, all but 11 are still listed as active on CoinMarketCap. The truly dead (or “inactive”) coins are BBQCoin (BQC; rank 16), Devcoin (DVC; rank 19), Tickets (TIX; rank 22), Copperlark (CLR; rank 24), StableCoin (SBC; rank 25), Luckycoin (LKY—ironic, I realize; rank 31), Franko (FRK; rank 34), Bytecoin (BTE; rank 35), Junkcoin (JKE—how apt; rank 36), CraftCoin (CRC; rank 39), and Colossuscoin (COL; rank 40).*** Now, since this post is already incredibly long, instead of testing all 40 coins, let’s take a decently-sized sample of five coins each from the top, middle, and bottom of the stack, and look at what happens. For the middle, although the temptation is to take decent alts, let’s fight that and take the group with the highest failure rate: ranks 21-25. So, here’s out pool:
Top Five: Bitcoin, Litecoin, Ripple, Peercoin, and Namecoin
Middle Five: Yacoin, Tickets, Ixcoin, Copperlark, and Stablecoin (ranks 21-25)
Bottom Five: Junkcoin, Argentum, Elacoin, CraftCoin, and Colossuscoin (ranks 36-40)
Now, here are how our sample of coins has performed as of when I write this:****
Bitcoin: Up from $1,083.14 to $6,957.99—a ~6.42x increase
Litecoin: Up from $39.77 to $117.43—a ~2.95x increase
Ripple: Up from $0.047034 to $0.527721—an ~11.22x increase
Peercoin: Down from $7.58 to $1.62—a ~78.6% loss
Namecoin: Down from $9.94 to $1.52—an 84.7% loss
So, if our hypothetical FOMO trader had invested $100 in our top-five sample near the 2013 peak, it would currently be worth $411.80 (the profitable coins) + $3.06 (PPC) + $4.27 (NMC) = $419.13—a 4.19x increase. Now for the two coins in the middle five that didn’t completely die:
Yacoin: Down from $0.311704 to $0.001025—a ~99.7% loss (Note: Since a $20 investment would only be worth a little over six cents, I’m calling this a total loss)
Ixcoin: Down from $0.146275 to 0.111126—a ~24% loss
So, if our hypothetical FOMO trader had invested $100 in our middle-five sample near the 2013 peak, it would currently be worth ~$15.19—an ~84.8% loss. Finally, here are the two coins from the bottom five that didn’t completely die:
Elacoin: Down from $10.95 to $0.212289—a ~98% loss (Note: since this is only worth about $0.39, I’m calling this a total loss)
Argentum: Down from $0.793038 to $0.117466—an ~85.2% loss.
So, excluding everything buy Argentum, if our hypothetical FOMO trader had invested $100 in our bottom-five sample near the 2013 peak, it would currently be worth ~$2.96—a ~97% loss. Putting it all together, $300 invested in this sample of 15 coins as close to the peak of the 2013 market as the data will let me get, would be worth $429.95—a disappointing, but not-unexpected ~30.2% increase over five years. That said, I’m honestly somewhat amazed our FOMO trader made anything at all on this basket of coins, considering how many of them failed. In any case, all of his gains came from the top-three coins from 2013: Bitcoin, Litecoin, and Ripple. Conclusions What’s the lesson here, what’s the takeaway?***** Most importantly, I think the above analysis shows that it can be very dangerous to buy alt-coins when the market is at or near an all-time high—a conclusion that appears to be true regardless of where the alt is positioned in the market. That said, there are a few caveats: (1) this sample was intentionally bad, in order to reflect a worst-case scenario; (2) even buying the top-three coins at the all-time high didn’t net our FOMO trader particularly large gains when compared to someone who bought these same coins after the crash. Therefore, I think that the most important lesson here is not to buy high in the first place. Investing solely because of FOMO will probably cause you to lose money, unless you have invested equally in a broad range of cryptocurrencies, like the trader in our hypothetical. Even then, however, our FOMO trader probably would have done better investing in an S&P Index fund over the same period. Endnotes *This is a correction to my earlier piece, in which I stated that the cryptocurrency market peaked on November 30, 2013, at a total market capitalization of ~$15.2 billion. I made this error due to having failed to narrow the date range of the chart so I could properly zoon in. That said, the exact details of the market peak don’t affect the conclusions from my last piece, which considered trades made after the market had bottomed out. ** …you do not talk about trading. Wait, that’s the wrong rulebook. *** Since I already typed it out, here’s the list of remaining active coins, in descending order: Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Peercoin (PPC), Namecoin (NMC), Megacoin (MEC), Feathercoin (FTC), WorldCoin (WDC), Primecoin (XPM), Freicoin (FRC), Novacoin (NVC), Zetacoin (ZET), Infinitecoin (IFC), Terracoin (TRC), Crypto Bullion (CBX), Anoncoin (ANC), Digitalcoin (DGC), GoldCoin (GLD), Yacoin (YAC), Ixcoin (IXC), Fastcoin (FST), BitBar (BTB), Mincoin (MNC), Tagcoin (TAG), FlorinCoin (FLO), I0Coin (I0C), Phoenixcoin (PXC), Argentum (ARG), Elacoin (ELC) **** I know that we could have sold them sooner, and probably for more money, but let’s just assume that our hypothetical FOMO trader was a founding member of the #hodlgang. ;-) ***** Don’t mess with Maui when he’s on a breakaway! You’re welcome. ;-) Disclosures: I have previous held Litecoin, and currently hold approximately $140 of Ripple. I do not believe this influenced my analysis in any way. I have never bought or held any of the other coins discussed in this analysis. Edits: Formatting, typos, minor clarifications.
Hey Shibes, We all love dogecoin and want to see it go to the moon. But I think over the past few days, I've seen a shift in perception that threatens to kill dogecoin. When we were the first "joke digital currency" we were getting a lot of attention because of the price spike, and because people were finding it a fun and easy alternative to bitcoin. The reddit community grew, and with the addition of the tipbot, we were in a pretty good position. The power of dogecoin is the strong community around the coin, and the sense of fun we all have. The problem is that the influx of new "joke coins" like fedora coin, catcoin, and "conye" the kanye themed coin, is threatening to overrun us. Right now, the general public doesn't know much about dogecoin except that we're a coin based on a meme. They don't know the market cap, the huge community, etc. As the news keeps covering the huge new influx of joke coins, it's possible that we will be lumped in the same category with all the other crappy knockoff coins. It's a huge threat we are facing right now, I'm sorry to say my shibes =/ People are looking to ride the wave, and that means making their own coin and mining it, hoping the value increases a few satoshi over the launch and making tons of money in the process. What can we do? We need to differentiate dogecoin from the other joke coins. We need to show the world that shibes are united and strong. The joke is wearing off, but a fun loving, accepting community will always be popular. The first thing is to stay strong, not panic, and contribute to the community. The resources around dogecoin have grown a ton in the past few days, and I hope that continues. You shibes are all doing amazing work :) The second thing is to make dogecoin the official tipping currency of a significant website. We've talked about it becoming the official currency of reddit, that would go a huge way to us being differentiated from the other coins, and taken seriously. Finally, we need to improve the press coverage. The press needs to talk about significant milestones with dogecoin, and not lump us in with every other new cyrpto. This means new huge purchases (like the car) solely with dogecoin. This means spreading the shibe love. This means getting celebrities involved. This means more marketplaces, exchanges, etc. There can only be a few coins that are successful. People aren't going to want to hold multiple different types of currencies to pay for goods. Bitcoin is a store of value, maybe lightcoin or digitalcoin will be successful, but dogecoin can be the coin of the internet. We can do this fellow shibes. The crypto gold rush has only just begun, but only one coin has the backing of the internet. Let's make it happen!
We are Adam, Mike, Ryan, Angelo and Ken of Vault of Satoshi (Canadian Bitcoin Exchange) AUA! And Raise Money for Cancer Research!
My short bio: Hey folks I'm Adam Cochran, Director of Marketing for Vault of Satoshi, Canada's largest international cryptocurrency exchange! I'm joined by some our team for our first ever Ask Us Anything! The team who is here today: Mike Curry - Co-Founder Ryan van Barneveld - Co-Founder Adam Cochran - Director of Marketing Angelo Rodrigues - Software Engineer Ken Vahl - Developer And as of 1pm, we'll be happy to take your questions on Cryptocurrency, our exchange, Canada, our team, you name it! (Disclaimer: We reserve the right to not answer questions related to security policy if we feel it may jeopardize user security) Our Proof:www.twitter.com/vaultofsatoshi Donations for Canadian Cancer Society: Since April is Cancer Awareness month we'll be raising funds for the Canadian Cancer Society in cryptocurrencies today! Feel free to tip in your favorite crypto to the wallet addresses below! 100% of all proceeds will be going to the Canadian Cancer Society once exchanged for Fiat and we'll announce on /VoS how much we raised, and which crypto gave the most! Bitcoin: 1EsrAN9RDp7XA9c7aXxoC4gQApeTQaQqgD Dogecoin: D6iydwkV4ahLb1kh7kkL2HKYZ123GBddcP Auroracoin: AULecYyfRxE712pHJYWuBtfJNY3nUwJgTH Cryptogenic Bullion: 5k4GfUse1aqLdFNoxfNJExkw28joR5971u Darkcoin: Xurkbw2bdxufHxZywh9uPRz5Nby42rtqzM Digitalcoin: DEUJ7ewRVbaYDD2Uvomi12beAmHEAsjG7f Litecoin: LgqWyaZcDeexJP4JmFBJKjLvarEeeiMHAu Mintcoin: MdNiyTfUWfgmYdJCBbvLkmnEgL5EjpnQqp Peercoin: PQCvLzmnFASX1Dr3Sn4ng6sqEU9pTRhMmh Quark: QjMiv7Buwd38RiDTTSD6N5cbHxB1HiwqCU Vertcoin: VqP5TBNs7fNT9cLCanG7FqvAEC5QeknfPt Worldcoin: WcauiMQDq2cgs8E81vddr2E9NQpyd5mKKA
Vault of Satoshi announces "InstaBT" partnership allowing Canadian users to instant buy BTC
It's time for some spring cleaning here at VoS! Out with the old, in with the new! New Coins: First and foremost we'll be adding some new altcoins to the VoS family:
DigitalCoin (previously unannounced)
Cheques: We're phasing out support for cheques, as we've found the payment method to be slow and cumbersome for our users and involves too high of a turn around time. All cheque requests for April 10th will be honored but after that we will be switching over to other payment methods. For Canadian Users: Canadian users will have some exciting new payment methods they can look forward to shortly including our new partnership with InstaBT.com, and will still have the same EFT/PAD and wire support as always. For US Funds: As we will not yet be supporting debit methods for international users we will still be allowing users operating in USD to withdraw via cheques for the time being. They will also be able to withdraw via Wire Transfer if their withdrawal balance exceeds $1000 USD. There will also be some temporary changes to our deposit methods for USD deposits please contact [email protected] to find the latest deposit information. InstaBT: We're pleased to announce our new partnership with Canadian Bitcoin purchasing service InstaBT.com! InstaBT is a service that allows Canadians to buy Bitcoin directly online with Interac. While the service normally only allows users to buy 0.5 BTC, verified level 2 Vault of Satoshi users will now be able to fund their BTC accounts via InstaBT up to their normal VoS weekly limits. We are now on the final testing stages of this new feature and will be rolling out in the coming week! And More! This spring is ramping up to be a pretty exciting season for us here at Vault of Satoshi, we've already teased about our up coming Affiliate program, new changes to the UI that will simplify trading, and have tons more in the pipeline that we'll be announcing soon! We thank you for your continued patronage, and for joining us on this journey! All the best, Adam
Really interesting feature for Canadian users! Seems like VoS could become the Coinbase of Canada with these changes. It's really convenient to be able to instant buy.
Hi Digitalcoin, and welcome to the fourth edition of this bi-weekly news digest! Things are still quiet on the cryptocurrency front, and the digitalcoin community is no exception. However, enthusiasm is starting to return. We have experienced the first major price hike in a long time, as this DGC/BTC and DGC/USD charts indicates. We seem to be settling for a new floor. This edition of the digest will be short and sweet: we'll see how Heartbleed died and discuss new services & faucets, among other things. Happy Friday everyone! Yours truly, ThinkThrough
dgctipbot moved a lot of tips around these past 2 weeks! Unfortunately, a lot of big tippers also got tipped a lot, which means that I won my own bounty this time around. How embarrassing! I do not wish to keep the coins for myself, hence I have a deal for you all: the ongoingtipping bounty will be doubled next week. Start tipping everybody, because 200 DGC are up for grabs!
The second half of April has been somewhat better than the first half statistics wise. We still have less traffic than during the altcoin mania phase of early 2014, but we are definitely gaining ground again.
News of the world
The Heartbleed scare is officially over! The Digitalcoin Github repository has been updated preemptively, but further exploration of the source made it clear that the client was never actually compromised. Indeed, Heartbleed related issues were present in some features of Bitcoin 0.9.0+, but digitalcoin-qt uses a older version of bitcoin-qt as its code base.
Andrew "Rawdawg" Davidson's talk at the NY cryptocurrency convention is now available on Youtube. Discuss the presentation in this Reddit thread. Or use the Youtube comment section if you dare ;).
Speaking of the devil, Rawdawg have put many bounties up for Digitalcoin related art. If you are artistically inclined, pass go and collect 200 DGC (multiple times!).
Coingecko, a truly original cryptocurrencies rating website, included Digitalcoin in their watch list. This website uses multiple metric to rank coins scientifically, which is much more relevant than pure market-cap ranking, as the country coin debacle has taught us. Discuss with one of the developers in this thread.
We have a faucet!. It is operated by the Digitalcoin foundation and runs on donations. Sends tips to DLCsAT8rPf3Uzqi7MpBx43pLhVCskhA5HD if you are feeling generous!
The cryptocurrency gifting service Lovecrypto is looking to include more currencies. Digitalcoin is among the considered coins. Help the community by voting (repeatedly!): 5 votes per hours, no login required. Join the party and win some DGC by posting in this digitalcoin forums thread and reddit post
Big events in the next few weeks:
There is rumors that Rawdawg is working on a one way DGC ATM, to be released within the next month, as well as a Point of Sale system. Keep in touch in the #digitalcoin IRC channel @ freenode!
Digitalcoin will have a second faucet very soon, since Qoinpro included it in its list of upcoming coins. Drop by this Reddit post to show your support!
For those who sent their Dogecoins to Digitalcoin address or vice versa: you can probably recover them
I know there are people out there who already did this, so I'm writing this mini guide for them. As you may have already noticed Dogecoin (DOGE) and Digitalcoin (DGC) both share the same address structure. What it means is that you can send your Dogecoins to Digitalcoin address or vice versa, the wallet will let you do that. Normally, this shouldn't be possible - for example, the wallet won't let you send you DOGEs to Bitcoin address - it fails the verification procedure. Consider a scenario when you want to deposit your DOGEs on cryptsy, but instead of using DOGE deposit address, you use DigitalCoin address - the wallet will send them, but they will never appear on cryptsy, as the two networks are independent. If you can't get the private key for that address, your coins are lost. The additional disadvantage here is that some people misuse DGC for Dogecoins. However, if you accidentally sent your DOGEs to Digitalcoin address (or vice versa), that you have private key for (you created that address), you can recover them. First, you need to actually get that private key. If you sent DOGEs to Digitalcoin address, you would want to open Digitalcoin wallet, go to Help > Debug window > Console. If your wallet is encrypted, type "walletpassphrase YOUR_PASSPHRASE 120" (replace YOUR_PASSPHRASE with your actual passphrase), press enter. Then type "dumpprivkey ADDRESS". Replace ADDRESS with the address you sent your coins to. When you press enter, you will get another string - this is your private key for the address. Never share this with anyone else. If you do, that person will have access to all funds that you might have on that address. If you do share this accidentally, securing your coins will require creating another wallet - sending coins to one of your addresses in the same wallet is not enough. The reason for this is that when you send part of your coins to an address, the rest of your balance is sent to one of your own addressess - this makes tracking coins more difficult, however this change could be sent to your compromised address and be stolen by the other person who has your private key. To create a new wallet, follow the instructions in 'Making a new wallet' section here: https://en.bitcoin.it/wiki/Securing_your_wallet#Making_a_new_wallet - you can use it for every *coin. Copy your private key and open up Dogecoin wallet, go to Help > Debug window > Console and type "importprivkey YOUR_PRIVATE_KEY LABEL", where label is the same label that you provide, when creating new receiving address - it's optional. Press enter and wait until you see new empty line in the console with time mark left to it - this could take 1-2 minutes in Digitalcoin wallet, should be instant in Dogecoin wallet. You should now see Dogecoins, that you accidentally sent to Digitalcoin address. If you did the opposite, just follow that guide, but replace Digitalcoin wallet with Dogecoin wallet and vice versa (dump private key from Dogecoin wallet and import it to Digitalcoin wallet). Be safe, don't share you private key and have a copy of your wallet in a safe place!I wrote it in as easy language as I could so it's easy to understand for beginners in cryptocurrency world. Also English is not my native language so forgive me if the grammar isn't perfect.
Why mine Quark (QRK)? Securecoin (SRC) has the same features ...excepted it is still largely unmined.
I know some economist backed Quark recently, and there has been talk about him being bought by QRK devs, but in the end I don't think any of this really matters... As can be seen on the other sub-reddits, many people are getting into mining, following the recent Bitcoin buzz. Some are looking for ASIC sellers, some have bought GPUs, and I suspect quite a few just use their CPUs to mine QRK (or just wish they could still use their CPUs to mine Bitcoin, if they have not heard about QRK). When the people in the last category start to realize Securecoin has the same specifications as QRK excepted that it follows the minting curve of Bitcoin, I think they will go for it. After all, it's the best opportunity for people who get into crypto-currencies now to get on a Bitcoin-like ship before it sails, and with no hardware investment at all. It was launched about 3 months ago, that's nothing in the Bitcoin timescale: less than 5% of the coins have been mined, and each block is rewarded with full subsidies. In contrast, 98% of QRK are already gone. I think it can be successful if it builds on both the Bitcoin and Quark hypes. Moreover it will probably stay around as an ASIC-resistant coin for some time, as it is not expensive enough to motivate research into ASICs, and the fact that it uses 6 different hashing algorithms must make it about 6 times as expensive to produce ASICs. So it will be a perfect opportunity for anyone who has heard about Bitcoin to try mining, with a clean slate for everybody. And let's face it, mining is fun. The people who start mining will probably stick around to support they crypto-currency. It is an excellent moment for a CPU coin to try and build a large user base. If some of you are fed up with the newcomers' questions about Bitcoin and Litecoin mining, I invite you to try a little social experiment: redirect them to Securecoin and see if it catches on. EDIT: since I've seen people are actually starting to mine this, here's a useful piece of info to get you started. The default nodes in the client seem to be outdated. For a more recent list of nodes, please refer to the Securecoin forum: http://digitalcoin.co/forums/index.php/topic,184.0.html To mine this you can use the same miners as for Quark (it's the same algo).
I thought I'd explain what the benefits are of holding shares in CryptoAve. For starters, dividends pay out monthly.
Hopefully this reads clearly. What is CryptoAve? It's an exchange trading DGC/ARG/SRC/LTC/PPC for BTC and soon USD (possibly coming in one day). It will have a payment processor for merchants very soon. 2FA and the affiliate system has just been rolled out as well. Things are off to a good start. How do the shares (CAV) work? You buy them with Digitalcoin (check out /digitalcoin) and get payed dividends. A dividend is simply a sum of money payed regularly, in this case monthly. There are 100,000 shares, and you're payed 1/100,000th of the total fee revenue for each share. You get payed in the currencies that are trading on the exchange, respectively (you'd get a small sum of each trading currency, not just one). The first dividends are payed at the end of March. Why?! Well, they're a good investment, simply put. They're cheap right now (mainly because of a slow roll out of CryptoAve to properly test all of the features). With Digitalcoin being pushed heavily through good development, a large marketing campaign soon including a coin and website redesign, CryptoAve will be the primary trading site for DGC, among other currencies (I'm betting that people will like that it's reliable and fast). Where to get 'em Sign up on CryptoAve (can't view the trading section otherwise), transfer some Digitalcoin over to your account, go to the "Trade" page, and look at the right side of the page for "Market Trends," at the bottom you'll find CAV/DGC. Here's a direct link. My source.
Willing to lend bandwidth and resources to help new/struggling altcoins
I'm wanting to help new and struggling Altcoins by becoming a node for them, located in the center of the US. I'm currently a node for: Bitcoin Digitalcoin Tigercoin Fireflycoin HamRadioCoin I've got plenty of drive space to continue to add coins to my server.
I thought I'd explain what the benefits are of holding shares in CryptoAve. For starters, dividends pay out monthly.
I posted this in /CryptoCurrency, but I figure it might be useful here too. I'm not gonna crosspost because I figure you'd all appreciate a text post here as opposed to somewhere else, so I'm going to copy over the content from that post. What is CryptoAve? It's an exchange trading DGC/ARG/SRC/LTC/PPC for BTC and soon USD (possibly coming in one day). It will have a payment processor for merchants very soon. 2FA and the affiliate system has just been rolled out as well. Things are off to a good start. How do the shares (CAV) work? You buy them with Digitalcoin (check out /digitalcoin) and get payed dividends. A dividend is simply a sum of money payed regularly, in this case monthly. There are 100,000 shares, and you're payed 1/100,000th of the total fee revenue for each share. You get payed in the currencies that are trading on the exchange, respectively (you'd get a small sum of each trading currency, not just one). The first dividends are payed at the end of March. Why?! Well, they're a good investment, simply put. They're cheap right now (mainly because of a slow roll out of CryptoAve to properly test all of the features). With Digitalcoin being pushed heavily through good development, a large marketing campaign soon including a coin and website redesign, CryptoAve will be the primary trading site for DGC, among other currencies (I'm betting that people will like that it's reliable and fast). Where to get 'em Sign up on CryptoAve (can't view the trading section otherwise), transfer some Digitalcoin over to your account, go to the "Trade" page, and look at the right side of the page for "Market Trends," at the bottom you'll find CAV/DGC. Here's a direct link. My source.
Hi Digitalcoin enthusiast, and welcome to the second edition of this bi-weekly news digest! Some of you doubted that two weeks was long enough for anything of significance to happen in the Digitalcoin world. I hope that this news digest will prove you wrong ;) In this issue, we're talking about important movements on the exchange front: some have fallen, many are rising. Fortunately, amidst all these changes, the overall availability of Digitalcoin is increasing. A constant and important factor in the downfall of exchanges seems to be security. Are your coins safe? Have you ever considered using a paper wallet? Other important news that we'll be covering: a new version of the core Digitalcoin software, a major website overhaul, and the introduction of a stable Android wallet. Happy Friday everyone! Yours truly, ThinkThrough (and spell check master FullMetalGurren)
What has happened in the past two weeks?
On the Reddit front
/digitalcoin welcomed a new admin .. digitalcoinbot. Now you'll have guessed that it is not an actual person but only one of our avatars. We'll be including the price of DGC in the top bar soon, and digitalcoinbot is going to be keeping it up to date. Can you come up with other interesting automated functions that you'd like to see on this subreddit? Share your ideas in the comment section, and we might implement them!
We have seen a lot of posts in the subreddit lately, but not many new users or pageviews. This correlates with the huge decline in market cap. Remember that Digitalcoin is a very nice brand for a digital currency and that we are in a good spot for steady and strong growth. To paraphrase a very bad meme "keep calm and keep buying". And keep posting! We have new very active users. I'm looking at you FullMetalGurren, Raystown, PVKT, sccfaust, ubberwaffle and CO. It's good to see you guys get more involved every day.
Last week, I announced a tipping contest with a 100 DGC bounty for the most generous tipper. FullMetalGurren wins this first edition, with a net differential of 34 DGC tipped out (full stats at the end of this post). Congratulation! You walk out of this richer. Who will grab the next bounty??
Unfortunately, Cryptoave.com has been shutdown temporarily due to potential security holes. Nine prominent users have been specifically targeted but the security system kicked in time, saving their funds. It appears that the problem was on their end. Nonetheless, baritus2 took down the exchange temporarily to ensure that the security is top-notch. Additional specialists have been brought in to audit the code. CryptoAve should be coming back eventually, according to Baritus. Further reading: reddit thread.
Moolah_ said that he would be integrating Digitalcoin to his services. He hasn't lied!. The Prelude trading platform now supports DGC/BTC trading. More importantly, USD deposits/withdrawals are now enabled, effectively establishing the first (?) direct Fiat->DGC link.
A new digitalcoin p2p pool has been announced. Its quirk? 50% of the fees are going to charity.
transcoder264 ported a Bitcoin paper wallet generator to digitalcoin. The result is beautiful! I will personally use his software as I am getting increasingly paranoid about key logging and other attacks. Further reading: github source and announcement thread. You should donate to his DGC address if you plan on using the wallet: DBw1xHKCYMA2S1S65No3bem9YCHg7HcLmY. This community, like any other open-source community, strives on donations.
Big events in the next few weeks:
Digitalcoin v2.0 is coming. ETA in ~ 1 week according to Baritus. New GUI features will be implemented (such as import wallet), the code base will be updated to bitcoin 0.8.6.2 and the difficulty algorithm will be updated to a custom algorithm (similar to Kimido Gravity Well, but not prone to time warp attacks). This should protect us from multipools and help stabilize the difficulty.
If you invested 100 USD in all let say top 30 coins on http://coinmarketcap.com/ Do you think you would profit in? a) 3 months b) 6 months c) 1 year d) 2-5 years e) Never I'm not planning on doing this, I might just put some money on coins I have faith in, however the idea is funny. And even though the majority of the coins would not increase in value, I think the few (or maybe only 1) that actually succeeds will make up for all the other coins loss. So you spend 100 USD * 30 coins = 3000 USD. Then you only need that 1 coin increases 3000% to break even (given that all the other coins goes to a value of ~0). This is not impossible given crypto coin history. Thoughts? Edit: I made a list of all top 30 coins today 2.december 2013. Lets come back later and check the results of our "imaginary" stack of coins. Format: Coin name: 'Price' gives '100/Price' ABC
Our goal at coinpay is to network and list merchant services and coin payment options for each coin above. Any coin devs or coin admins and staff for each coin above please contact us to list merhcant services and retailers.
Vertcoin and the Crypto Game - Cryptogenesis - A serious discussion about the future.
Hello all, We have been observing in the shadows the development of many crypto currencies, LItecoin, Worldcoin, Vertcoin, Digitalcoin, Dogecoin, Darkcoin, etc....and have been a large network hash contributor of many different scrypt based coins. I have seen big ups and downs in this game. The rise of Dogecoin as a joke but quite profitable coin for mining (tho now it is just screwed, to much supply) and Worldcoin promise and death (sad screw up for that community). The wonderful launch of Vertcoin followed by a month long sell down and trickle off from the miners dumping hard. The launch of Darkcoin which I am watching carefully but just can't see darkcoin being more appealing then say Vertcoin. I have hashed Vert from the start of the launch and stayed true keeping between half and 75% of our network working Vert. I have sold and bought lots of VTC, main MM(market maker) in many crypto currencies but find myself always gravitating back to VTC recently and believe it is holding up the best last 2 weeks and is setting in a long term bottom. I believe net long positions in Bitcoin and scrypt currency is right given the current geo-political climate and as well as the deteriorating economic picture in China. Most people don't know or see it coming but just check out the Chinese banks... the big 4 are entering a dangerous zone and massive sell off may be imminent. Any further deterioration in global trade and tightening by the FED could lead to massive declines in China export trade. I also believe the situation in Ukraine could act as the next catalyst for higher Bitcoin prices, similar to what we saw during the Cyprus bank scare of early 2013 that pushed Bitcoin to new highs. Watch gold as well because that could be a sign that things could be getting dicey as the gold trade has been suppressed for years waiting to explode higher. Check this out to...very interesting given the recent events in Bitcoin. http://blogs.marketwatch.com/thetell/2014/03/07/major-banks-are-looking-at-bitcoin/ “The Fed does not have authority to supervise or regulate Bitcoin in anyway,” US Federal Reserve Chair Janet Yellen http://www.livetradingnews.com/bitcoin-and-government-for-the-people-34834.htm#.Ux2UZfldV8E More news will be coming soon from us as we are building a Crypto Currency consulting firm and I have decided to take a much more active roll in all angles of the crypto game but especially Vertcoin. Vertcoin is the first coin that I believe could have long term potential to be a safe bet equivalent to "risk off asset" in the crypto currency world. Meaning it has longevity providing the community continues to grow and push for new merchants to adopt and new ways to reach out and encourage brand awareness. I think we should consider putting together a Vertcoin Chair Board or Council similar to what WorldCoin has attempted but much cleaner and organized. I also think the website needs to be overhauled a bit, does anyone else agree?? Personal msgs to me are welcome as well, would love to talk and hear from you guys involving the crypto game in general. Thanks, JT
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