Assuming what "price?"

Question

DigiByte Discussion

Johnny Law.dgb

Assuming what "price?"

#cryptocurrency #digibyte #english

0

20.10.2023

11 ответов

23 просмотра

Anon Ymous

An exact price isn't even required at this stage in the conversation. Blocks are currently so under utilized it's laughable. 24h transaction fees are absolutely miniscule

0

20.10.2023

Rose

Anon Ymous
An exact price isn't even required at this stage i...

Please join DigiByte Price & Speculations 💭🔮📈📉 for price talk.

0

20.10.2023

Johnny Law.dgb Автор вопроса

Anon Ymous
An exact price isn't even required at this stage i...

If we are estimating rewards and the point at which "mining at a hash power that would keep it safe from possible attacks." Then it absolutely is a part of the equation.

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20.10.2023

Anon Ymous

Johnny Law.dgb
If we are estimating rewards and the point at whic...

Of course it is part of the equation. Re-read what I said. I'll repeat. Fees are so unbelievably small right now they couldn't even come close to supporting a single miner, let alone an entire network of miners. The current reward system is dwindling by the month. My point is right now the first step is acknowledging that it is an issue (which I've seen very few do). Getting into the nitty gritty with exact price estimates comes later. We aren't even there yet

0

20.10.2023

Rose

Anon Ymous
Of course it is part of the equation. Re-read what...

Please join DigiByte Price & Speculations 💭🔮📈📉 for price talk.

0

20.10.2023

Johnny Law.dgb Автор вопроса

Anon Ymous
Of course it is part of the equation. Re-read what...

I dont disagree here Anon. I watch the blocks fairly closely and understand just how under utilized they are. I'm actually in support of raising transaction fees down the line as well, but to your point, it wouldn't matter presently given how quiet it is on the block. Now back to the mining rewards and the timeline.

0

20.10.2023

Rose

Johnny Law.dgb
I dont disagree here Anon. I watch the blocks fair...

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20.10.2023

Anon Ymous

PoS doesn't require you to use a shitload of electricity, purchase equipment etc so the "investment" is less. Also, how many people have been over the years come in here and ask "when PoS", "can you stake DGB" etc etc..also PoS is less intimidating to the average non techy. All of these things would almost certainly incentivize more ppl to secure the network and end up using the network as a result. I understand I'm not going to get very far here as this is a community that loves PoW but there are definitely multiple arguments here

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20.10.2023

Matthew Cornelisse🇨🇦 (I will not PM you, don't PM me)

More than it is now :(

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20.10.2023

Johnny Law.dgb Автор вопроса

Anon Ymous
PoS doesn't require you to use a shitload of elect...

You're probably right about one or two things here. ;)

0

20.10.2023