A Proposition to the DGB Community
מעודכן
In previous posts, I have suggested that DGB will reach $10 by May of 2019. But, how will this happen?
Those who post complaints on Twitter or Reddit about the low price of DGB may lack logic, patience, and work ethic. DGB is not a company! Rather, DGB is an open source community project. Its success hinges on the active participation of each community member. We can all contribute to the growth of DGB by using our unique skills and abilities. This is a call to action to all those who sit on the sidelines doing nothing while expecting their investment to grow. Kindly take this as constructive criticism.
As investors, if we want DGB to be valued at $10 then we must build more value into DGB by working together as a cohesive unit. Furthermore, we organically grow in value by becoming essential to people around the globe. So how do we do this?
I'd like to present an idea to the DGB community that originates from the member coldstorage. He suggests a way for DGB to obtain a value of $10 by operating as a second layer payment solution on the BTC network. Let's expound on this great idea!
DGB need not compete against BTC. Instead, it should be integrated into the BTC network to process micro transactions on the DGB chain. Think about it. BTC is too slow for handling small transactions. There are so many unconfirmed transactions because BTC can only process 7 transactions per second. And, the fees are incredibly high! Just ask Steam who recently terminated their relationship with BTC due to the aforementioned reasons.
Now, we will clearly demonstrate the value propositions of DGB:
I. DGB has proven to be reliable over the last 4 years and it is actively being developed
II. DGB is incredibly fast with 15 second block times and has the ability to process 560 TPS (280,000 TPS by 2035!!)
III. The fees for a single DGB transaction are negligible at far less than one cent even with a $10 valuation
IV. A 51% attack is least likely to occur on the DGB network since it has 5 mining algorithms and a real time difficulty adjustment
V. DGB is well positioned for atomic swaps and cross chain transactions on the lightning network since it activated Segwit
Here's the conclusion of the whole matter. As coldstorage suggested, perhaps the most important use case for DGB is the most obvious one. Namely, let it be a second layer payment solution on the BTC network to process micro transactions since it is incredibly fast, secure, proven, and, its transaction fee is infinitesimally small.
Imagine paying for goods and services with DGB anywhere in the world. The merchant will receive payment almost instantly and those funds will be spendable in 1.5 minutes. And, that transaction will cost a small fraction of one cent regardless of transaction size!
If you can't see the value in DGB then you haven't been paying attention.
Lastly, payment processing on the BTC network as a second layer solution is only one use case for DGB. Its primary focus is on cybersecurity.
I welcome all comments whether positive or negative.
Those who post complaints on Twitter or Reddit about the low price of DGB may lack logic, patience, and work ethic. DGB is not a company! Rather, DGB is an open source community project. Its success hinges on the active participation of each community member. We can all contribute to the growth of DGB by using our unique skills and abilities. This is a call to action to all those who sit on the sidelines doing nothing while expecting their investment to grow. Kindly take this as constructive criticism.
As investors, if we want DGB to be valued at $10 then we must build more value into DGB by working together as a cohesive unit. Furthermore, we organically grow in value by becoming essential to people around the globe. So how do we do this?
I'd like to present an idea to the DGB community that originates from the member coldstorage. He suggests a way for DGB to obtain a value of $10 by operating as a second layer payment solution on the BTC network. Let's expound on this great idea!
DGB need not compete against BTC. Instead, it should be integrated into the BTC network to process micro transactions on the DGB chain. Think about it. BTC is too slow for handling small transactions. There are so many unconfirmed transactions because BTC can only process 7 transactions per second. And, the fees are incredibly high! Just ask Steam who recently terminated their relationship with BTC due to the aforementioned reasons.
Now, we will clearly demonstrate the value propositions of DGB:
I. DGB has proven to be reliable over the last 4 years and it is actively being developed
II. DGB is incredibly fast with 15 second block times and has the ability to process 560 TPS (280,000 TPS by 2035!!)
III. The fees for a single DGB transaction are negligible at far less than one cent even with a $10 valuation
IV. A 51% attack is least likely to occur on the DGB network since it has 5 mining algorithms and a real time difficulty adjustment
V. DGB is well positioned for atomic swaps and cross chain transactions on the lightning network since it activated Segwit
Here's the conclusion of the whole matter. As coldstorage suggested, perhaps the most important use case for DGB is the most obvious one. Namely, let it be a second layer payment solution on the BTC network to process micro transactions since it is incredibly fast, secure, proven, and, its transaction fee is infinitesimally small.
Imagine paying for goods and services with DGB anywhere in the world. The merchant will receive payment almost instantly and those funds will be spendable in 1.5 minutes. And, that transaction will cost a small fraction of one cent regardless of transaction size!
If you can't see the value in DGB then you haven't been paying attention.
Lastly, payment processing on the BTC network as a second layer solution is only one use case for DGB. Its primary focus is on cybersecurity.
I welcome all comments whether positive or negative.
הערה
A special thanks to coldstorage for all that you have written regarding DGB as the backbone of everyday purchases on the BTC network. Check out the following links for more information:
bitcointalk.org/index.php?topic=2561504.0
reddit.com/r/Digibyte/comments/7j3oky/does_digibyte_dev_team_plan_to_be_a_second_layer/
segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656b
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For the record, in the last 30 days DGB has increased in value by 282%!הערה
To be abundantly clear, I am not a part of the core team. On the contrary, I'm just a regular member of the DGB community that sees the intrinsic value of DGB and its potential for massive growth. Resist the urge to think that I'm an "official shill" as one of the comments suggests. The core development team does not speculate about price. Actually, they are very adamant about this despite the constant begging of some members for instant price growth.
Do not be deceived by the multitudes of people who have an agenda to destroy the reputation of DGB. As many of you know, manipulation abounds in this marketplace. This is why it is so important to do your own research before investing in DGB or any other digital asset.
I would encourage you to base your investment decision into DGB on facts and not on rumors, hype, or blatant lies by salty haters. With proper research, you will find that DGB is fundamentally solid and technologically superior to other digital assets.
I would personally like to see DGB work together with LTC to become a second layer payment solution on the BTC network. DGB and LTC would add tremendous value to BTC by handling all of the micro transactions that bogs the BTC network.
As the member coldstorage suggests in some of his posts, DGB and LTC could process BTC transactions in the background on their own respective chains. Transactions would be super fast, dirt cheap, secure, and seamless.
For this to work, LTC and DGB would need to come together on this and reach out to payment processors to formulate a working product.
הערה
Fred67, Thanks for your nice comment!My personal vision for DGB is that it solves the problems that BTC has through integration rather than market domination.
We need not shut out BTC. We wouldn't be here without BTC since we forked from the original BTC protocol. But, we can make BTC better by being integrated as a second layer payment solution to solve speed and transaction fee issues.
That being said, unity within the DGB community is of paramount importance since a house divided against itself cannot stand.
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Thanks to everyone for all of the comments! I'm sorry that I cannot respond to each one due to moderation issues.הערה
Andrew138, Thank you so much for the nice comment!הערה
Andrew138, Thanks, and my pleasure. :-)הערה
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My projection for BTC:
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A bullish scenario:
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Inverse head and shoulders formation on BTC & DGB charts:
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A bearish scenario for BTC & DGB if BTC hasn't finished its ABC correction:
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Head & Shoulders formation on DGB USD log chart:
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If this BTC idea plays out then the alts will get slaughtered:
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BTC buy zone based on Fibonacci levels: $4,384 - $1,819
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BTC bullish pennant scenario:
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