Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 20. (Read 1260636 times)

lets share some infos based on answers give on chat towards the question how different honeybadger/posdao will be regarding reward logic compared to POS/masternode we have now




instead of POS nodes who find blocks and masternodes who offer not much (quicktx which nearly noone uses)  to network beside earn a share of blockrewards
DMDv4 have a better concept where each part plays a vital role

people can set up validator candidated which have a similar minimum collateral as today masternodes (10000 DMD but can be bigger too) and out of this valid candidates each epoch (a network defined timeframe maybe 1 day deepends on test results) a subset is based on randomness but with win chance increase by amount of coins on a validator selected to become active validators for this epoch.

for the chance if a validator get selected not only the amount of coins the validator owner did place as collateral act as boost but als all the coins other people did delegate on top of his validator. this means we will have a dPOS system too where the people using it play a role to choose and stake on the nodes they trust and who are stable and logterm supporting the network. the incentiove for the dPOS users to select carefull is that they only earn if the validator they delegate their coins on top is part of active validator set too.

basically such a system is called a

"committee-based PoS are designed for permissionless scenarios powered by an election mechanism for maintaining a stable consensus group"

in our case the size for a active validator set will be close to 50

if u compare that with actual ~150 masternodes we have that means on average if all validator pools set up same clever and stable they will be part of active set around each 3rd epoch


way more in deep description will be available at whitepaper


another little update regarding coin economic setup of DMD v4

the coin rollout plan will stay as planed but the exact split between Masternode/POS/ecosystem support pot will be a little bit different

the propose was 63/30/7 in the dmd v4 voting but back the days still lot was unclear about possibilities of the engine.

now with much more knowledge the only realistic way is to do a 90/10 split between posdao rewards engine and ecosystem support pot
(the funds that we all own together and rule via dao voting what activities we support)


this means 90% of epoch rewards are split up via posdao reward engine which is very high sofisticated and a codepiece we want to use 1:1 without changes. basically posdao split rewards in equal pieces between all validator pools of the active epoche but then the rewards each single validator pool recieve get split up again between validator owner collateral and ontop staked dpos coins. the logic here is all aimed towards have not to big not to small validators and to give dpos users a incentive to choose not the biggest validator and place their dpos on top on the same because the mopre coins are in a validator pool the less rewarding per coin it is. so on first look it looks like have small filled validators is better then? not really because small validators less likely become a slot in active validator set. so basically its a self regulating system where optimal profit is earned by that ones who make validators in proper size big enough to be often inside active set and small enough to earn well per coin

i guess if u read above u understand why we cant exactly say how much validator and how much dpos users will earn

because its high dynamic

all we can say is how big the network inflation will be. to be expected is that on average well maintaines and proper sized validator pools will earn around 1.5-2 times more then network inflation is because u can expect a part of coins not take part active to secure network or are on exchanges or paperwallets or just in hands of lazy people.

whats network inflation this days?

its around 5% and constant decreasing it will reach until 2028 a value of around 1%

great to see a new face here

bitcointalk became old school..........

back the days when dmd was born its was one and only must have communication platform to be on bitcointalk

this days many new joiners dont know bitcointalk at all........

we honor our roots and will always stay present here too

even if main chat this days is on telegram (open) and slack (invite only)

Thank you for the answer. The diamond is blue and stating is active.


Thank you for the information. My copy of the blockchain is up-to-date. So, probably there is no problem at all. Just the difficulty is high and some bad luck for me. 

I am a newbie on bitcointalk. Thank you for help and quick answers! I'm glad that DMD community is so cool. I hope the project will get more popularity soon 

If the number of your last block in your wallet matches the number on the site https://chainz.cryptoid.info/dmd/ this means that at the current level of difficulty, it is quite difficult to find a block.
Today, less than 500 DMD is mined daily and only 35% of this number of coins account for POS stake income.
I can only tell you that with the current difficulty of 30K and the number of coins in 20,000 you can count on about 3-4 DMD per day.

check if the diamond bottom right turn blue 1-2 min after u unlocked the wallet

if not restart wallet and wait at least 5 min before u unlock for staking

Hi! Anyone has the problem with staking? I am staking several currencies, but currently having problems with two of them: DMD and another one.

I have about 300 DMD in my wallet, but I have no staking transactions for more than 2 months. I used to have them once in 3 or 4 days earlier. I tried on Linux and Windows using 2 different computers. Firewall is okay. Other cryptos are okay. It might be just a bad luck. However, I would like to ask whether anybody has a similar problem?

I think DMD is now very undervalued.
If you look at the cost of UNO (61$) and make a recalculation based on the total number of coins, you will get a cost of $ 3.5 per DMD.
I am sure that all users who have sold their DMD below $ 1 will regret it for a long time.

it happend!

just 497 DMD generated yesterday

today or tomorrow we have our "mini" halving

means the first day with less then 500 new DMD generated a day

https://chainz.cryptoid.info/dmd/#!overview



BTC did change from 1800 BTC per day towards 900 BTC per day for the next 4 years

DMD is by fare more scarce

less DMD Diamond then bitcoin exist and less new ones produced

around 2028 the amount of daily generated DMD will be ~100 DMD per day

bitcoin at 2028 will have 2 more halving so from 900 to 450 from 450 to 225 per day

DMD still more scarce.........

most community interaction this days happens on telegram

join here:

https://t.me/DMDcoin

a little update on DMD v4 development

we work close together with 3 developers who will push forward coding
and also help our sisterproject artis to finish its code upgrade

this is needed as we can not relay and trust on lab10 to finish it alone

we are willing to do our part to make sure honeybadger/posdao with an attached dao governance development get finished in a way as DMDv4 roadmap did plan it

as this was from start on a shared codebase and shared effort to finish it

we are more then willing to contribute our part to make it happen



what does that mean regarding timeframe

a q2 release is not possible at all

we hope for a q4 2020 if things go well

if problems arise it can be later too

BUT the imporatant part is we keep working on it


meanwhile open ethereum node client which will be the non honeybadger/posdao other half of our client had a new release and show a healthy enviroment with many contributing teams

things look still bright for diamond future!

As i told you above, having some subsat on the dmd account, i see that dmd is paying almost every day on pop.

Well I have been staking other coins on this site for a couple of years now so I do think it can be trusted. I was just seeing if anyone else is using this site to stake DMD and get an idea on the rewards they are receiving staking DMD in a pool. In time I do plan to stake solo but just need to build on my DMD stack. Thanks for the replies.

Considering that today your POS income with 5k DMD is approximately 1 DMD per day, it makes sense to use your own computer to accumulate your wealth.
There is no point in trusting such amounts to third-party services.

everyone have to decide on his own if he want to trust a 3rd party service

that u dont need to run a own node 24/7 can be nice for u
but the network enjoy more active nodes

that u would earn more by use a staking service isnt true

this days as its cheap get hand on a few thousand dmd u sure stake easy and stabke on ur own better then using a 3rd party service

keep in mind they all take a little share for providing their service

I'm a pop member, i don't have dmd in stake there, as my amount is enough to stake quite every day in my personal wallet, but i use the service/pool for other staking coins, and it works, and from the stats on site, i can tell you that quite every day pop give a stake reward on DMD.

Cheers

Does anyone here use BTCPop to stake their DMD? I don't own a lot of DMD and was thinking about sending them to BTCPop to stake as I'm earning 1 stake every 2 weeks so I was thinking that being in a staking pool would be better and stake a little more then I am now solo staking.

Okay, okay so I am glad that we, or the main team behind this, is listed as a contributor. The whole system seems very secretive and secure!

Thanks,

Black God

P.S. Secure messaging and tons of encrypted features seems like a good idea. I just want this whole thing to be going in a good direction. I definitely put as much money into this as I can so I can one day take over it and help it out. I want it to be valued at around $20 and up possibly, but variably, well off, and very important.

When I say variably I mean switching between two different number concepts. Like per say $20 to $50 medianly. Even with that I would mean that by medianly, that would be normally at its best and most volatile.... This whole Coronavirus thing is not even a dangerous virus it is a necessary one that happened when it needed to happen. We should not be scared of the things to come, if you do your best. The best happens to the best and the worst may happen to the worst. This thing was once called a coin and it has changed slightly overtime as with the proof of stake. I only dreamed one night or rather slept, thinking about the opportunity I may have getting this coin for myself. It is worth so much per unit. The look of it I feel doesn't even mean a payment system, it is a luxury. Having your money saved with this group or company is incredible. I wish everyone had something like this.

https://youtu.be/wppHTKiFR_Q?t=24635