Digital Gold Talk

Howdy, Guys.

The value is actually created over 1,000 levels of a participation game, where members build the network by downloading a wallet/node and running it on their computer (desktop or laptop - PC/Linux/Mac).

As we get closer to 100M users from the initial kickoff of 10,000 Member Wallet/Nodes, we increase the value of the network 1.45% for every 0.93% in new nodes.

Initially each of you who plugged in a computer received 10.5 coins, and this is true up to the first 10,000 nodes.

Some of you also contributed and received a 1:1 match on future validated coins but also received a bonus 10.5 DGD.

These coins came from the 1.1M DGD reserved for the founding team and early adopters and did not pull from the 19.9M remaining DGD in the treasury, which go out 19,900 each for 1,000 levels.

At 10,001 to 20,000 nodes that plug in will receive another 5.25 DGD and the final 1,000 to reach 21,000 nodes will receive 2.1 DGD.

All of this is to get things rolling and quickly develop a reliable, global network. Already there are nearly 1,000 nodes and in the coming days we expect the ultimate goal of 21,000 nodes will be reached.

As we move through levels ~1% new nodes at a time the network takes on its intrinsic value. Contributions are taken out evenly from each member and coins go out equally to total nodes, if there was validation. Unvalidated coins remain in the treasury for referral rewards and merchant adoption after level 1,000.

I suggest going to DigitalGoldFoundation.org and reading both the Litepaper and White Paper.

The only addition to the WP and soon the Litepaper is that contributions will now be used in part to create a Strategic Bitcoin Reserve, as suggested by Michael Saylor of MicroStrategy. This will underpin the DGD value beyond the network over time.

The value is described on page 2 of the Whitepaper It is scaled through participation. As more invest into the idea and it is expanded, the intrinsic value increases. A simplified explanation

I'm wondering the same thing

Hey all, excited to be part of the network.  Since we don't earn coin by mining, how is it determined when and how much coin is paid out as a reward for keeping your wallet up and running on the network?

Subject: Inauguration of the Digital Gold Forum: Bitcoin Redefined and Relaunched

Dear Esteemed Bitcoin Experts, Engineers, OGs, and Enthusiasts of true cryptos like LTC, DOGE, BLK, PEER, BCH, DASH, and others born from the Bitcoin lineage who truly paved the way since 2009. We salute you as the true pioneers.

I am thrilled to be a part of this Digital Gold Forum, a platform dedicated to the exploration and development of a revolutionary digital currency system. This forum marks not just the beginning of a new discussion, but potentially a paradigm shift in how we conceive and implement digital financial transactions.

The Vision:
We are on the cusp of redefining the transfer of digital currency—envisioning a world where transactions are instantaneous, global, and virtually fee-free. This could pave the way for a viable micropayment ecosystem, leveraging what might become the most extensive proof-of-stake decentralized financial network ever conceived, not just in our galaxy, but possibly beyond.

The Mechanism:
Our approach is outlined in the accompanying white paper. We invite you to review it and share your insights. Central to our model is what we term "Proof-of-Participation" (PoP), where contributors earn rewards by actively participating in tasks that advance our collective goals. Additionally, we introduce the concept of "Universal Scrip," a new form of currency designed for global acceptance and usability.

The Challenge:
The success of Digital Gold hinges on the robustness of its network. We need a decentralized network of nodes, powered by the community. Whether through desktop wallets, laptop installations, or dedicated devices like Raspberry Pis, each node strengthens our network. This collective effort aims to create a system that rivals Bitcoin in security and surpasses it in speed, scalability, and transaction efficiency.

Call to Action:
We are at the dawn of a significant social experiment. Your participation, feedback, and critique are not just welcomed but essential. Please delve into the white paper, scrutinize our propositions, and share your thoughts. This forum is your platform to influence the future of digital currency.

Next Steps:
Our subsequent discussions will focus on distribution strategies. However, before we proceed, we seek your initial reactions to the foundational concepts presented.

Thank you for joining us at this historic juncture. Let's together forge a path that could lead to what some might call the Holy Grail of digital currency.

Warm regards,

Digital Gold Yoda
The Digital Gold Foundation

Note: This letter assumes a level of familiarity with cryptocurrency concepts among the recipients, focusing on engaging them with the novelty and potential of the Digital Gold project.