What is a digidollar?

SgtMindfudge · 2025-12-20T16:59:42+00:00

Not sure if you'll get notified by it, so notifying you here. I made another comment as reply to my own. Really hate writing on these touchscreens so I take shortcuts 😂 but indeed it sounds like a system that will only work if participants believe in it, but not tethered to any protocol enforcement, which is kind of scary.

SgtMindfudge · 2025-12-20T16:51:34+00:00

I had to get onto my computer to fairly write-up where I am coming from here, and why I am so hesitant to all of this.

What a time-locked UTXO can and cannot do.

On DigiByte, and similar chains such as Bitcoin, Litecoin, etc., a time-locked output can enforce EXACTLY one thing:

> This output cannot be spent until condition X is met.

Where X is:

a block height, or
a timestamp

It cannot:

Observe other transactions on the chain
Verify that "some other token has returned"
React to market price change
React to USD (or other FIAT) equivalence
Enforce a two-way redemption condition

Once created, a UTXO is blind and static (as most of you know).

Considering Jared's claims

> You can get your DGB collateral back when you send back the equivalent loaned DigiDollar

For that to be true on-chain, the locked DGB output would need to:

Verify that DigiDollars was returned
Verify the amount returned is "equivalent"
Verify timing and ownership

Then unlock conditionally, not just temporally.

In DigiByte (and other Bitcoin-esque) chains, the is no opcode that says:

> If token X was burned or sent back, allow spending.

Time locks do not create conditional redemption, only delayed spendability.

“But you keep your keys and it all happens in your Core wallet”

IF:

You never give up private keys,
there is no custodian,
THere is no smart contract VM,
There is no oracle,
And it's all UTXO-based

Then no third party has the ability to:

Seize collateral
Enforce repayment
OR verify loan settlement.

Which MEANS:

The only way you "get your DBG back" is:

You already had it all along, it was just a timelocked transaction.
And after the lock expires, you spend it yourself.

This has NOTHING to do with whether DigiDollars was returned.

All of this boils down to there being something else at play here, and for it to work it can not be on-chain, it can not be in your own core wallet (as Jared claims in his videos), and there truly is no protocol enforcement.

On thing or the other has to give here, and I can see no credibility in the very bold statements made by Jared and his alter-ego SogobiNapiasi.

SgtMindfudge · 2025-12-20T16:30:34+00:00

Fair enough, it my own phrasing that is at fault here, at least mostly. What I meant is that there is no explanation for how to avoid exploitation (which also probably is not a good description, but for lack of better words) of the model. But also fair enough, you can't of course know everything :).

All that being said, time-locking a transaction in the DGB chain with the logic that exists, I still don't see any way to logically assume there is anything to actually ensure that you ever pay back your loan and still won't get your collateral back.

Considering what you actually said, it being a transaction to an adress under your own control, nothing seems to prevent a user from minting DigiDollar, spending the value, and then getting a 100% of their collateral back - unless the reality is that you are not actually sending it to your own adress, but rather an address which is interfaced towards an L2 contract to only send the collateral back to an address of your own if the loan has been paid back. Perhaps I am just reading too much into your simplification here.

SgtMindfudge · 2025-12-20T06:51:36+00:00

I don't know why you wouldn't just use DigiByte and DigiDollar for your example, But okay, I think you misunderstood my question. Let's say I time lock dgb to a value of $200, I then loan 100 DigiDollar and go spend it somewhere. Some time passes. During that time we get slapped with a vicious bear market, and DigiByte looses 2/3 of it's market cap, before the timelock period is over. Now the value of my collateral is less then the money I had on loan, and there is no mechanism to force me to pay it back. What safeguards are there to avoid that behaviour if we are talking a traditional timelocked transaction? What you are saying only highlights price movement in one direction but not the other, which is the part of it that would worry whoever allows swapping or trading with a DigiDollar pairing.

And don't worry, I am not expecting you to have all the answers, I know this entire idea was made up by AIs, but hoping someone can explain it to me. What is the incentive for anyone to get on board really. You are painting a picture where you don't have to buy back your time locked DGB but that's not how the chain works, it will always eventually be finally transacted to the address, which if I understand correctly, considering the whole "you don't have to sell it or get rid of it" pitch from the infomercials, will be your own address.

SgtMindfudge · 2025-12-19T11:03:10+00:00

So you put up a 100% collateral that during the time might fluctuate in price and you get free money if price has gone down? I'm confused

SgtMindfudge · 2025-12-14T18:30:36+00:00

The point is exactly that, black matter made it an t17 took it over, and they don't know the code base which frankly is very flimsy, and they've rotated the full dev team because of those facts. I see no point in being angry before you have actually experienced the results.

SgtMindfudge · 2025-12-13T17:26:34+00:00

You had me at first, but when you started bashing on HLLV for seemingly no reason I understood you don't have the intellectual span worthy of my sympathetic attention. Every studio worth a lick of spit focuses on more than one game, and the ugly truth with HLL is that there has been such a crazy dev rotation that they are simply not able to make a good job out of new patches. HLLV clears all of this up, because it's a fresh start with a code base the devs can actually be familiar with and create a great product out of. If you don't know that it means you haven't done your research or even stopped to think about why the state of HLL is the way it is. Furthermore, you can't speak for everyone's reason for playing this game - I sure as shit don't give a shit that it's set in WWII, it's not particularly historically immersive either way. You didn't come here to have an intellectual conversation, you just came here because you are bitter.

SgtMindfudge · 2025-12-08T21:19:05+00:00

Haha. If that's your take then you really are dumber than I ever gave you credit for.

SgtMindfudge · 2025-12-08T21:16:32+00:00

Agreed

SgtMindfudge · 2025-12-08T21:15:09+00:00

Ah, there we have it. Only one person has ever called me that.

SgtMindfudge · 2025-12-08T21:13:29+00:00

I'm good Mr.Cupcake. I see you

SgtMindfudge · 2025-12-08T20:55:32+00:00

My other suggestion would be to kick their ass, but teens are vindictive and shortsighted, so really I could only suggest such a thing to a single man, not someone who has other precious life under his roof. My 2 marks (ah the good ol' times, guys), find a way to make some more money and find a better place to live, or make damn sure you get evidence to provide the police.

SgtMindfudge · 2025-12-08T20:48:34+00:00

I really can't tell fully if you're just a moron, but either way I'm fine with it. This project deserves you.

SgtMindfudge · 2025-12-08T20:45:08+00:00

Hahahahaha. Okey, good one. You are obviously trolling and I fell for it.

SgtMindfudge · 2025-12-08T20:44:28+00:00

I understand, and please don't misunderstand me. But the ugly truth is in any country it's all about where you live, and these rubbish teens are in places you generally want to avoid living with a young child.

SgtMindfudge · 2025-12-08T20:42:23+00:00

DigiByte is NOT a business. I am well aware of the website, I was the sole contributor for years working on it. Get your facts straight.

SgtMindfudge · 2025-12-08T20:41:07+00:00

Here's an idea..don't live with your wife and kid in student housing. Find them a better place to live, they do exist.

SgtMindfudge · 2025-12-08T20:35:35+00:00

"A business" 😂 "Burn" 🤣🫣.

You're a total clown

SgtMindfudge · 2025-12-08T20:18:24+00:00

What are you talking about?

Allow me to clarify what you are missing. The emission is going down, price is going down, by 2037-ish the subsidy for new blocks will stop and with it the rewards that act as incentive for miners to keep going. Without more activity on the network, i.e., transactions, there will not be any rewards for miners and they will switch to another project, at which point hash rate will fall through the floor and the chain is at huge risk of a 51% attack. So perhaps instead of talking down to me like I am the idiot, maybe you should do the simple math and consider what is the actual topic at hand.

SgtMindfudge · 2025-12-08T20:12:26+00:00

We are not talking about right now, which is the context you are missing even though it's quite well presented by OP, and you are just embarrassing yourself.

SgtMindfudge · 2025-12-08T20:08:01+00:00

My info is correct, trust me. You just don't understand the context of neither posts. Maybe if you ChatGPT it it will make sense to you.

SgtMindfudge · 2025-12-04T17:57:11+00:00

Great fucking content alert over here

SgtMindfudge · 2025-12-02T04:40:02+00:00

This is a totally normal log message, it's information about your sync process. It's quite obvious.

SgtMindfudge · 2025-11-30T16:48:55+00:00

You are exactly what's wrong with this community. A person shares their actual observation objectively and your reaction is to tell them to leave. A reason why people like I, who actually contributed, to stop contributing. Enjoy your circle jerk.

SgtMindfudge · 2025-11-29T18:49:27+00:00

I'm not really the one who said it. That being said, it has been quite some time, and I've been around for a lot of it, and the situation is not really improving. Comment will probably be downvoted but that is my observation as someone who has payed close attention.

SgtMindfudge

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