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Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 142. (Read 1260677 times)

full member
Activity: 206
Merit: 101
Nothing is True...
Don't you guys think 10000 DMD is a little too much to be a masternode?  Roll Eyes

Under 2000 would make more sense.


This confuses me a bit because you have presented no argument.

Just wondering why you think it would make more sense??

Just curious
It depends on how high the price would go in the future and may be masernode becomes unreachable for a common investor if there are too many high value coins required to run one.

Regarding master node requirement of 10,000 DMD: it's definitely now a small amount at the moment, however if you compare with DASH masternode 1,000 dash or XEM masternode requirement of 3,000,000 XEM - than DMD masternode seems to be more "affordable"...
Good that miningfield offers shared masternode, hope they will add more masternodes in the near future, not the only one.
legendary
Activity: 1139
Merit: 1000
TRUSTplus Dev
AS a reminder on how to prepare yourself for transition from DMD 2.0 to DMD 3.0. It's not recommended using any other method.

Exporting and Importing Private Keys

https://bit.diamonds/how_transition_short.pdf


I do offer my services to remote to your computer (Citrix GoToAssistant) and convert the coins for you.  I know its a leap of faith and its hard to Trust people but, Im always willing to help for a couple Trust Points on BitCoinTalk.
hero member
Activity: 774
Merit: 554
CEO Diamond Foundation
Website shows V3... but goes to v2... TEASE!!

The link will be updated once the software is out. Hold your horses Wink
hero member
Activity: 774
Merit: 554
CEO Diamond Foundation
AS a reminder on how to prepare yourself for transition from DMD 2.0 to DMD 3.0. It's not recommended using any other method.

Exporting and Importing Private Keys

https://bit.diamonds/how_transition_short.pdf
legendary
Activity: 1139
Merit: 1000
TRUSTplus Dev
I am just honestly curious, have you considered what will happen if there are not enough MN?

such a situation can not happen even in testnet with limited amount of people we hat 30 MN up and running
more then enough

the network need just above 10 MN
and even below its just things like quickTX temporary wont be available
an no bigger harm to the network

and the advantage of income for MN as long as there are less than 100 active is just crazy
so i see a strong motivation get additional masternodes online

still no stress first 7 days are 99% reduced rewards so everyone can stressless upgrade and set up his POS or MN nodes


We have a few MNs.  We will be fine.  Website shows V3... but goes to v2... TEASE!!
legendary
Activity: 1672
Merit: 1046
Here we go again
we run the last overnight tests
all was successful so far
we go to bed when we wake up and everything is still as expected great
we open the gates!


yay
My body is fukin ready
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
we run the last overnight tests
all was successful so far
we go to bed when we wake up and everything is still as expected great
we open the gates!

sr. member
Activity: 393
Merit: 250
The shared masternode technology was engineered and tested already. There can be also many providers of such service, so no centralisation of coins need to happen.

In addition, we are prepared to offer hosted masternodes, that is, you have the Diamonds, we have the hardware/software/network/setup and you just "invest" your 10k DMD in running (renting) one. The network benefits from having more masternodes and you, the investor benefit from higher payout on your 10k DMD investment. Again, there might be many providers of such services.

Or you can arrange it all yourselves. It's everyone's choice how to invest/benefit -- or just play with all this stuff.
legendary
Activity: 1672
Merit: 1046
Here we go again
legendary
Activity: 1564
Merit: 1027
Is the previously released guide to setting up a TOR MN the final one?

I remember there was an intention to update it somehow.

Any news on that front?

EDIT: Just found a new guide on Slack  Grin
sr. member
Activity: 462
Merit: 252
Yes, that is good to hear.

I just checked out miningfield, looks like they ran a test on shared MN already. Once this is live, it is probably worth putting this on the main page to let people know Smiley
member
Activity: 98
Merit: 10
I am just honestly curious, have you considered what will happen if there are not enough MN?

such a situation can not happen even in testnet with limited amount of people we hat 30 MN up and running
more then enough

the network need just above 10 MN
and even below its just things like quickTX temporary wont be available
an no bigger harm to the network

and the advantage of income for MN as long as there are less than 100 active is just crazy
so i see a strong motivation get additional masternodes online

still no stress first 7 days are 99% reduced rewards so everyone can stressless upgrade and set up his POS or MN nodes


I am sure the network will be fine.

My worries are that very few people will get 300% return per year for their MN, while the rest will get 25% for normal POS, which seems very unbalanced. As you said, just crazy, but I don't see this as a good thing, it could lead to a "rich get richer" scenario and more centralisation.

And yes, there are 7 days to set everything up, but as I said, for someone who has a few hundred or even a few thousand DMD it is pretty much impossible or at least very expensive to get enough DMD for a MN in that time.

I know there was talk of having distributed MN, which would solve the problem, but unless that is implemented I am sceptical.


I was just thinking that it would make more sense to have a wider adoption of masternodes.

Needing less than 2000 DMD would open the door to more people and help increase the price more, so even if there were more masternodes around it would increase their income since the price would be higher.

Since there would be a bigger chance of a price increase due to wider masternode adoption, it would in-turn increase the incentive for normal user investing.

Sounds like a win win to me.

as i did understand luis from miningfield
he will launch with a shared masternode 3rd party service a few days after release
(we did see his service page already active in the last testnet)
so with as low as 100 DMD i think u can be part of a MN there

there is no entry barrier

and if to much DMD is moved into MN and shared MN at a point POS become more rewarding then MN
so it will be balancing itself that always enough POS and enough MN will be active


I guess this would work the same then.  Smiley
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
I am just honestly curious, have you considered what will happen if there are not enough MN?

such a situation can not happen even in testnet with limited amount of people we hat 30 MN up and running
more then enough

the network need just above 10 MN
and even below its just things like quickTX temporary wont be available
an no bigger harm to the network

and the advantage of income for MN as long as there are less than 100 active is just crazy
so i see a strong motivation get additional masternodes online

still no stress first 7 days are 99% reduced rewards so everyone can stressless upgrade and set up his POS or MN nodes


I am sure the network will be fine.

My worries are that very few people will get 300% return per year for their MN, while the rest will get 25% for normal POS, which seems very unbalanced. As you said, just crazy, but I don't see this as a good thing, it could lead to a "rich get richer" scenario and more centralisation.

And yes, there are 7 days to set everything up, but as I said, for someone who has a few hundred or even a few thousand DMD it is pretty much impossible or at least very expensive to get enough DMD for a MN in that time.

I know there was talk of having distributed MN, which would solve the problem, but unless that is implemented I am sceptical.


I was just thinking that it would make more sense to have a wider adoption of masternodes.

Needing less than 2000 DMD would open the door to more people and help increase the price more, so even if there were more masternodes around it would increase their income since the price would be higher.

Since there would be a bigger chance of a price increase due to wider masternode adoption, it would in-turn increase the incentive for normal user investing.

Sounds like a win win to me.

as i did understand luis from miningfield
he will launch with a shared masternode 3rd party service a few days after release
(we did see his service page already active in the last testnet)
so with as low as 100 DMD i think u can be part of a MN there

there is no entry barrier

and if to much DMD is moved into MN and shared MN at a point POS become more rewarding then MN
so it will be balancing itself that always enough POS and enough MN will be active
member
Activity: 98
Merit: 10
Don't you guys think 10000 DMD is a little too much to be a masternode?  Roll Eyes

Under 2000 would make more sense.


This confuses me a bit because you have presented no argument.

Just wondering why you think it would make more sense??

Just curious

I was just thinking that it would make more sense to have a wider adoption of masternodes.

Needing less than 2000 DMD would open the door to more people and help increase the price more, so even if there were more masternodes around it would increase their income since the price would be higher.

Since there would be a bigger chance of a price increase due to wider masternode adoption, it would in-turn increase the incentive for normal user investing.

Sounds like a win win to me.
sr. member
Activity: 462
Merit: 252
I am just honestly curious, have you considered what will happen if there are not enough MN?

such a situation can not happen even in testnet with limited amount of people we hat 30 MN up and running
more then enough

the network need just above 10 MN
and even below its just things like quickTX temporary wont be available
an no bigger harm to the network

and the advantage of income for MN as long as there are less than 100 active is just crazy
so i see a strong motivation get additional masternodes online

still no stress first 7 days are 99% reduced rewards so everyone can stressless upgrade and set up his POS or MN nodes


I am sure the network will be fine.

My worries are that very few people will get 300% return per year for their MN, while the rest will get 25% for normal POS, which seems very unbalanced. As you said, just crazy, but I don't see this as a good thing, it could lead to a "rich get richer" scenario and more centralisation.

And yes, there are 7 days to set everything up, but as I said, for someone who has a few hundred or even a few thousand DMD it is pretty much impossible or at least very expensive to get enough DMD for a MN in that time.

I know there was talk of having distributed MN, which would solve the problem, but unless that is implemented I am sceptical.
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
I am just honestly curious, have you considered what will happen if there are not enough MN?

such a situation can not happen even in testnet with limited amount of people we hat 30 MN up and running
more then enough

the network need just above 10 MN
and even below its just things like quickTX temporary wont be available
an no bigger harm to the network

and the advantage of income for MN as long as there are less than 100 active is just crazy
so i see a strong motivation get additional masternodes online

still no stress first 7 days are 99% reduced rewards so everyone can stressless upgrade and set up his POS or MN nodes
sr. member
Activity: 462
Merit: 252
please be aware chainz explorer show at the moment a DMDv3 final closed testnet
the release explorer will follow closer to release
 
guys thats a ride! everything is on track we just lost a bit time by had to execute a final test
results of that test gave us all required informations and release chain will be restarted proper adapted to the results
so timeplan from early 15th for release move to late at 15th or maybe early 16th


stay relaxed compared to all other released we had in the past its still a very smooth experience


its like online games
never play at release day
so u do urself a favor if u set ur clock for 17th

this is all u have to do now:


I am not worried at all, I am sure you have everything well in hand  Cheesy

I am just honestly curious, have you considered what will happen if there are not enough MN?
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
please be aware chainz explorer show at the moment a DMDv3 final closed testnet
the release explorer will follow closer to release
 
guys thats a ride! everything is on track we just lost a bit time by had to execute a final test
results of that test gave us all required informations and release chain will be restarted proper adapted to the results
so timeplan from early 15th for release move to late at 15th or maybe early 16th


stay relaxed compared to all other released we had in the past its still a very smooth experience


its like online games
never play at release day
so u do urself a favor if u set ur clock for 17th

this is all u have to do now:

jr. member
Activity: 59
Merit: 1

i think that DMD needs more than one exchange

I think exposure is a huge thing...
not enough.
example:
goto https://coinmarketcap.com/

sort by price and we don't make the list.
we should be between stratis and monaco.
but we are not.. Sad
not in the ALL list anyway,
Currency list we do..
sr. member
Activity: 462
Merit: 252
Don't you guys think 10000 DMD is a little too much to be a masternode?  Roll Eyes

Under 2000 would make more sense.


This confuses me a bit because you have presented no argument.

Just wondering why you think it would make more sense??

Just curious

I agree with 10,000 being a lot, and I have mentioned that before.

The collateral is very high (we are talking $50,000+ at current prices), and I fear there will be not enough masternodes, at least not in the beginning.

The Whitepaper says "Diamond Network is projected to have just a couple of hundred of such nodes running", which doesn't really make sense. With the current supply of coins, only 210 MN are even physically possible, and obviously it will be much less.

I hope I will be proven wrong, but I predict less than 10 MN in the short term.

EDIT: too few MN also poses problems with POS rewards. Assuming 10 MN, one MN earns more than 35,000 DMD in a year

EDIT2: which begs the question, is there a plan what happens if there are not enough MN?
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