[ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 143.

NoxX

sr. member

Activity: 462

Merit: 252

Quote from: benjamoyne on September 14, 2017, 06:33:35 AM

Quote from: Tristan1337 on September 14, 2017, 05:48:45 AM

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?

pazor_true

legendary

Activity: 1462

Merit: 1025

i love Emerald (EMD)

i think that DMD needs more than one exchange

qgmurugan007

sr. member

Activity: 336

Merit: 250

Quote from: benjamoyne on September 14, 2017, 06:33:35 AM

Quote from: Tristan1337 on September 14, 2017, 05:48:45 AM

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.

benjamoyne

full member

Activity: 276

Merit: 101

Quote from: Tristan1337 on September 14, 2017, 05:48:45 AM

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

Mr1k

jr. member

Activity: 59

Merit: 1

Looks like the new blockchain is up..
block 1419
https://chainz.cryptoid.info/dmd/#
Probably test blocks..

Tristan1337

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.

NoxX

sr. member

Activity: 462

Merit: 252

Quote from: Mr1k on September 14, 2017, 05:33:00 AM

Quote from: NoxX on September 14, 2017, 03:33:57 AM

Quote from: cryptonit on September 13, 2017, 03:09:11 PM

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address .

The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%).

Considering some addresses might also be held by the same person, this is more centralised than I expected.

I don't think you can make that conclusion.
There are alot of addresses that haven't opened their wallets or even upgraded to V2
for 1-3 years. Averaging does not show the whole picture.
Bittrex has Alot of addresses with a substanial amount alone.
Alot of new people have come on board lately which again would skew averaging.
Plus there are alot of wallets that are messy,unorganized.
Multiple addresses.Etc
We have users still minting and mining,boy are they in for a shock..Tomorrow.
We are gonna need a new V3 thread for sure.

I was mainly surprised that 75% of coins are in only 100 addresses, but as has been pointed out this is skewed by Bittrex and the Reactor.

Still, will be interesting to see how many people move to V3...

Mr1k

jr. member

Activity: 59

Merit: 1

Quote from: NoxX on September 14, 2017, 03:33:57 AM

Quote from: cryptonit on September 13, 2017, 03:09:11 PM

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address .

The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%).

Considering some addresses might also be held by the same person, this is more centralised than I expected.

I don't think you can make that conclusion.
There are alot of addresses that haven't opened their wallets or even upgraded to V2
for 1-3 years. Averaging does not show the whole picture.
Bittrex has Alot of addresses with a substanial amount alone.
Alot of new people have come on board lately which again would skew averaging.
Plus there are alot of wallets that are messy,unorganized.
Multiple addresses.Etc
We have users still minting and mining,boy are they in for a shock..Tomorrow.
We are gonna need a new V3 thread for sure.

Galactus

hero member

Activity: 505

Merit: 500

Quote from: cosmoo on September 14, 2017, 05:21:52 AM

Does chainz.cryptoid.info experience some technical difficulties?
Does not show some countries whose wallets online

based on the statistics on the chainz.cryptoid.info all the coins holders decided to stay on DMDv2 Grin

Galactus

hero member

Activity: 505

Merit: 500

Quote from: NoxX on September 14, 2017, 05:24:02 AM

Quote from: Galactus on September 14, 2017, 05:20:00 AM

Quote from: NoxX on September 14, 2017, 03:33:57 AM

Quote from: cryptonit on September 13, 2017, 03:09:11 PM

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address .

The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%).

Considering some addresses might also be held by the same person, this is more centralised than I expected.

Yeah, you are both correct, I didn't think about exchanges and the Reactor.

So 10% of coin supply is on Bittrex. Are they forwarding POS rewards to coin holders, or do many people just not care about POS?

exchange does not give POS reward.

NoxX

sr. member

Activity: 462

Merit: 252

Quote from: Galactus on September 14, 2017, 05:20:00 AM

Quote from: NoxX on September 14, 2017, 03:33:57 AM

Quote from: cryptonit on September 13, 2017, 03:09:11 PM

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address .

The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%).

Considering some addresses might also be held by the same person, this is more centralised than I expected.

Yeah, you are both correct, I didn't think about exchanges and the Reactor.

So 10% of coin supply is on Bittrex. Are they forwarding POS rewards to coin holders, or do many people just not care about POS?

cosmoo

hero member

Activity: 729

Merit: 502

Does chainz.cryptoid.info experience some technical difficulties?
Does not show some countries whose wallets online

Galactus

hero member

Activity: 505

Merit: 500

Quote from: NoxX on September 14, 2017, 03:33:57 AM

Quote from: cryptonit on September 13, 2017, 03:09:11 PM

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address .

The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%).

Considering some addresses might also be held by the same person, this is more centralised than I expected.

digicoin

legendary

Activity: 1106

Merit: 1000

Biggest wallets are possibly owned by exchanges

NoxX

sr. member

Activity: 462

Merit: 252

Quote from: cryptonit on September 13, 2017, 03:09:11 PM

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address .

The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%).

Considering some addresses might also be held by the same person, this is more centralised than I expected.

Limx Dev

copper member

Activity: 2352

Merit: 1348

Quote from: cryptonit on September 13, 2017, 03:09:11 PM

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

I prepare now the new final version.

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Guys,

the best way to stay up to date with DMD events is to join our DMD Diamond slack channel.

Here are our slack links:

DMD Slack

Slack Invite

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: kardashi on September 13, 2017, 01:32:22 PM

Quote from: cryptonit on September 13, 2017, 12:40:29 PM

Quote from: kardashi on September 13, 2017, 12:24:35 PM

Sorry for the noob question. but i have a diamond Wallet and i would like to stake my coins earn interest. how could i go about doing that? I have about 100 dmd coins. would that be enough?

wait for the DMDv3 wallet that arrive on 15th then u can run POS with it

OK. Also i noticed that the paper wallet link is gone. Any currency thats stored in an offline wallet wont be effected by the upgrade correct? considering there is not address format changes.

any DMDv2 private key (= paperwallet) can be used in DMDv3 wallet too
just notice the DMDv3 unique feature regarding 10 years not moved coins = used in deflation mechanism
more details u can find here: https://bit.diamonds/DMD_WP_1.0.pdf

the start of DMDv3 chain starts this timer

kardashi

newbie

Activity: 6

Merit: 0

Quote from: cryptonit on September 13, 2017, 12:40:29 PM

Quote from: kardashi on September 13, 2017, 12:24:35 PM

Sorry for the noob question. but i have a diamond Wallet and i would like to stake my coins earn interest. how could i go about doing that? I have about 100 dmd coins. would that be enough?

wait for the DMDv3 wallet that arrive on 15th then u can run POS with it

OK. Also i noticed that the paper wallet link is gone. Any currency thats stored in an offline wallet wont be effected by the upgrade correct? considering there is not address format changes.

Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 143. (Read 1260706 times)