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November 5, 2018
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DigiByte to be integrated with XEEDA Mobile Hardware Wallet

November 8, 2018

Blockchain not Bitcoin; Think DigiByte

digibyte digitorial

I spoke to a financial advisor last week. The discussion stumbled into crypto currencies and he said in a learned tone, “I really like Blockchain but I’m not interested in Bitcoin.”


I’ve heard that statement a lot. What does one say to someone in response? They are not really asking you a question; so I just smile politely and walk away. Recently, I saw a great response to this very question by one of my favorite mentors in this space, Andreas Antonopoulos.


Andreas asserts that when someone makes this statement they are basically saying, “I don’t understand Blockchain, but I’ve heard enough to think that I can sound cool by dismissing Bitcoin and praising Blockchain because I’ve heard a lot of other people say that.”


Blockchain, without the fundamental principles of Bitcoin, is really just a replicated database. Satoshi’s original innovation was the creation of incentivized trustless, decentralized, digital scarcity. The competition and rewards built into creating consensus is the cornerstone of making the Bitcoin network secure. The goal of Bitcoin was not to have a blockchain, but to decentralize control.  The more we go down this, Blockchain not Bitcoin road, the further we get from ensuring decentralization.


This is one of the reasons why DigiByte is hands down awesome and sometimes frustrating. DigiByte is amazingly decentralized. In a recent interview, Jared Tate, DGB Founder, was asked to describe DigiByte in 3 words. They were: “Cybersecurity, Speed, and Decentralization.”


Why frustrating? In this competitive space, it can be hard to be heard over the noise. For as much as decentralization gives us a safer, more robust network, it does not give us the marketing budget to compete with ICO or company funded projects. Getting listed on exchanges, participating in conferences, and even YouTube exposure has become a big business in this space.


In this pay to play world, DigiByte has remained dedicated the principles of decentralization. We continue to be listed on exchanges, included in wallets, and asked to speak worldwide. While we cannot pay in fiat or crypto to be included in these platforms, we are not without currency. There is a lot of value in the strength and dedication of our community.  To steal a great quote from Steve Jobs, we are the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes. We are the ones who are crazy enough to think we can change the world. Think DigiByte.


Written By: Lisa M/ DGBAT

1 Comment

  1. Avatar Anonymous says:

    I had a discussion with someone. She said, “Oh your focus is on crypto, but mine is on blockchain” . I just asked, how can you have blockchain without crypto? She couldn’t answer that. It’s an important discussion indeed.

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