Despite superior technology, Digibyte (DGB) is in a slump and gasping for air. What is the reason for that?
Bitcoin supports 7 transactions per second with 10 minutes of block time. Bitcoin Cash supports 34TPS and 10 minutes block, Western Union supports 30, Litecoin supports 56tps with a 2.5min block time, and Paypal supports 130TPS.
Digibyte currently supports 560TPS and only 15 seconds of block time, and 2000TPS by 2020 and exponentially growing 280,000TPS in the near future.
DigiByte is the fastest, longest, most secure and most distributed UTXO blockchain in the world. DigiByte is not just a method of storing and exchanging value, but has the scalability to handle so much more, such as notarizing documents into the blockchain, identity validation, or even having tokens built on top of it without having to worry about a cat-game slowing it down when it reaches peak enthusiasm.
So why is DGB so far out of the top cryptocurrency rankings and is eclipsed by proven shitcoins like BTG or BCN?
Well, one DGB holder put forward an analysis as to why he thinks DGB lacks recognition and adoption. The gist of it is the lack of business-like handling of the project – it is run more like a hobby according to him.
The analysis is pretty long and is a combination of praise and critique towards the project leadership. After praising the culture of DGB communities, he laments about lack of accountability and seriousness in running the project.
There is a total lack of business talent with DGB. Lets be honest this coin has been sideways for 4 years. Jared Tate will take up his time doing interviews that get 100 views and argue with exchanges publicly that will never list DGB for free anyways. He needs to listen to critical opinions and take a new direction. However, when you challenge this plan you are trolled by the DGB cheerleader / groupies that are hoping to become billionaires.
He further explains the need for professional, result-driven marketing experts to join the DGB team and lead the effort of Digibyte broader promotion.
This stirred a vigorous debate in the community with one answer particularly worth of highlighting:
The BCH drama exemplifies the core problem with crypto from a business side.
If I am running a company and I have the choice of currency to use across the board, why would I pick a coin that is run by transient groups of programmers that either have no defined loyalty or hierarchy to make decisions? How could I reasonably expect that what I do today, earnings, savings, transactions, won’t be adversely affected by the decisions of a group of kids 11 months from now? How can I be sure that my “savings account” won’t be wiped out by a boneheaded move, or even a PR disaster unlrelated to me?
Thus decentralization in many ways brings with it a level of uncertainty that people in positions of power/authority at the business level can’t deal with. Ideally you wanna shake someone’s hand, sign a thing, and forget about it, but you can’t do that here.
So we should be clear by what forms of decentralizing and centralizing we want or reject. A steering committee is a good thing, variety of pools is a good thing, millions of nodes scattered around the world is a good thing… millions of chefs in the kitchen, and millions of visions for the product resulting in forks is not.
In the end, it really is not all about the technology as people are erratic and chose to use stuff that is not the best or most efficient. People are lead by emotions and rigid, analytical coders are foreigners with that side of human nature and rely too much on their “superior” technology to bring them to the promised land. DGB exemplifies how you need other profiles of people that can paint the picture of that technology in much warmer colors so customers can see the value and start using it.
I have made my life in direct sales it seems that Digibyte and others are in need of direction in this area ,if you have a service that can benefit companies and help anyone that in the direct sales areas make it simple and explain how cost effective and fast Digibyte is ! Any vendor pays out around 3 percent of a sale to credit card companies ,then a customer pays after that according to his card which can all be avoided there is no doubt this will be the future but sometimes you have to crawl before you run start sharing with ventures how simple the set up really is and watch the magic happen !