Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 520. (Read 1260677 times)

then need to change the specification on page 1 on 9 days

in former post i decribed vulnerability of pure pos coins with big gap between min age max age

regarding the theory u have about big wallets can have a advantage by try mint more blocks

the answer is it doesnt work and it would give no advantage

u cant get more pos rewards because u able mint more blocks.....

the rewards always deepend on coin-age

and there is no way to manipulate that

look at blockexplorer whats the average coin pile size and age that successfull create a POS block

its now like 10 days and 10 dmd pile size

so in fact its easyer now for small DMD investors to mint their coins then before

u can expect that this values will change a bit over time

i expect it will be like average time to mint 15-20 days and average pile size 5-20 dmd

there will be some coin pile that stake after 30 days and merge together to a above 100 dmd coin pile

once this happens the network is full adapted to the new POS settings

3 days was chosen because in the first POS cycles after POS blocktime reduction (6x )
faster we estimate network could run out of competing coins if we leave it at 7 days

that was the only reason for 3 days

and as we did see it nearly happend in the first POS cycle after trigger the POS diff was at end ultralow
but the network adapted and now after few cycles filled with lot more coin piles now so now 7 or even 9 days is no more issue

higher POS min age have a few positive effects
less POS transaction spam in wallet

higher protection against attempts to gather lot old coinpiles and try mit a lot blocks in a row

(relation between min age and max age is how easy such a attack is on our case now its 9:30 so a chance that ur 1000 10 dmd coinpiles u let gather 30 days age will be able mint 6 blocks in a row without a pow block or another guy POS block between are close to impossible) now think how this would be at a coin with 2 hours min age and 30 days max age if there a guy gathered lot max age coin piles he for sure would be the only one minting for a long time and could abuse that if he is evil and skillfull this is a securoty problem for pure POS coins we are double protected with high min age and hybrod POW/POS)

and last but not least
POS with high min age is a very effective way to shorten coins on exchanges

if its only 1 day or even lower u can buy some coins stake them for some days and sell them again
so the coins not effective "shortened" at exchange

That is an interesting idea. Could a current big pile holder mint everything if his coin piles were distributed into nice piles that would equal the number of POS blocks for 1 day (or 3 days or 9 days, why not) and prevent smaller holders from minting regardless of their coin age and accounting for randomness? If possible (not sure it is) there would be no advantage to maintain the piles (50%/year) and eventually the piles would be broke down into the same small piles competing against other small piles with coin age and randomness being the deciding factor.
In the end (if your concern is true) we would still be where we are right now but new holders and maybe even potential dumpers would see the joy of POS and stick around.

Interesting thought experiment if nothing else.

Hello
If the POS min goinage is short (one day), it means that only
a big pile owner can mint and a small pile owner does not mint nothing,never

br

I normally don't post but this question has troubled me since it was addressed as a "minor" issue. What is the deciding factor for choosing the POS minimum stake age for the coin specification? I understand how it all works (i think i do but why was 3 days chosen and now 9 days is OK? We are talking about the the coin specs which I don't think should be determined by incorrect coding of the wallet. However, I do appreciate the amount of effort from everyone involved.

I personally was excited the POS minimum stake age was lowered to 3 days (I would prefer to it be 1 day, why wait 9 days?).

Thanks to everyone for their continued support of DMD Diamond.

Edit: This is meant as only a question and not FUD. My confidence in the DMD Dev team and the community is in no way shaken and I will continue to support it because I think that is what makes DMD Diamond a great investment.

Popshot - Awesome job!  I like the movement on the screen.  Very cool!
-pokeytex

its actual at 9 days min age
BUT average time to mint  it will raise more towards 30 days now that the POS diff raise again and network adapted towards the new POS blocktimes

when u able mint a block have luck involed but the rewards u will earn always fit for the coin-age u gathered with that coin pile

so u lose nothing just because it need a few more days until u able claim a block

pos not 3 days? 9? but in specification is written 3.

I'm pleased to announce a refreshed version of the main website.

https://bit.diamonds/

It took a while due to perturbations along the way. Eventually we were forced to develop it in house.

Let's treat it as ready for public consumption, but of course it's still work in progress - certain things need to be optimised in terms of speed and formatting.
If you see any bugs please report. I know there is an issue with the way the slider is displayed in IE (below 11), but after doing traffic analysis, it's less then 1% of users so no need to spend time on fixing it.

Anyway, I hope you'll enjoy it.

nice finding thx
in fact i think noone of us ever checked if there where 7 day age POS blocks in the past
maybe it was always 9 days

but as we see now 9 days seems to work fine

Saw this and thought it might help with the 9 day issue.

https://cryptocointalk.com/topic/13185-certain-pos-coins-unable-to-stake-in-under-9-days/


 

No need to do anything, it s a probably an orphan block, simply put, another DMD block staked at the same time and the blockchain accepted the other block's stake rather than your stake. Just keep your wallet as is and continue staking and your DMD block will continue competing for stake, you did not lose any coin age that has accumulated. It ll stake again. This is not DMD Diamond issue, it happens with all PoS coins.

You should probably pop open your wallet console and type repairwallet. Minted coins with no confirmations sort of screams orphaned blocks to me.

Welcome to Ubuntu 14.04.2 LTS (GNU/Linux 3.4.90 armv7l)
from my banana PI (Lubuntu)

Another question for you guys, sorry.
This morning I woke up and it said I minted some coins and I was like, "Awesome."  But after I got ready for work it still said it had zero confirmations.  I didn't have time to mess with it so I went to work.
I just got home and it said I minted two more chunks.  I only had two transactions that were minting total.  The original one still has no confirmations.  It seems like maybe it is a duplicate.  I ran repairwallet and that did nothing.
How do I make that weird transaction disappear or start confirming?
Thanks!

nice feedback but regarding to the "what can anyone do to support DMDs future" bounty i dont
get exactly the suggested steps every community member could set

i understand ur suggestion as mostly aimed towards dev team and dev priorities
and as such its welcome and very idendical to our team conclusions

The two main factors to focus on are usability and technology/innovation. The usability is what will introduce more non-crypto people to the scene and distribute the coin more widely. Technology, functionality and innovation is what will keep the citizens of cryptoland interested. The most important objective is setting a strategy to increase general usablility. The second objective is to keep the interest in cryptoland. The first is more long term and the second is short term and must be agile. It is important to keep up with the times and innovation and to adapt to the movements in the scene. Currently the latest "hot topics" are masternodes and instantX and should be a short term focus to implement. Some DMD will be extracted from the markets and put in masternodes and crypto citizens will be drawn in to attempt to get masternodes to earn their slice on block rewards. It will also make the network more robust. It is important to maintain short term momentum and be agile in order to be able to deliver on the longer term strategy.

24 hours was to much pressure to find a nice idea i understand lets extend the time frame towards a week