Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 568. (Read 1260677 times)

Please let me also refer to some of your points from the other thread as it seems you pointed out all of these flaws.

First of all it’s a bunch of unsubstantiated claims. Please at least show some proof that what you’re saying is indeed correct, because it feels like you say these are facts.

This is not true. We are aware of security risks and have plans of further improvements.

I could refer to many instances where we acknowledged input from community
(https://bitcointalksearch.org/topic/m.10395349)
but won’t do it as I fear it might be just a waste of time.
You also seem to have ignored my arguments when I presented them before (like https://bitcointalksearch.org/topic/m.10599523).
Which makes me believe you are very devoted to your opinions.

No, not true. Cloudmining was never meant to skyrocket the price! From day one it was about going with our ethos of providing a stable value coin. It is the first pillar of stability mechanism. Reactor can be seen as an extension of that.
Please check this chart (http://www.cryptocoincharts.info/pair/dmd/btc/cryptsy/6-months) starting from October how value developed. It was all thanks to Cloud Mining.

Your fears are way overblown, you can’t even compare it to hacking the exchange as the Reactor is just some node somewhere you have no IP to.

None of these things are impossible to do, but paranoia often does more harm than good. In every murder case there is a motive for committing the crime .. I just can’t see how 70k is good enough incentive to make the effort. Someone with these skills would much better rob some bitcoin store.

As said earlier, what do you want to DDOS if you don’t know the IP of your target?
Even if the Reactor was taken down by some kick ass Anonymous ops, the network would not be ‘stunned’, because the Reactor is just an ordinary wallet not connected in any special way with the rest. If they transferred funds elsewhere they would have to gather coin age from the beginning which would give us time to implement contingency measures.

See people,

This guy is an altruistic public service provider, not a troll at all.
He/she is here with OUR best interests at heart.
Thank you, Argon18, for your time and effort.

Kind Regards

chilo

You do realize that the 75k DMD in the reactor will be worth a whopping  USD10500 at today's rate?  There just is not enough involved here to be concerned about and my guess is the most proficient hackers will spend their time stealing credit card data which they can sell for a lot more than DMDs - and when they sell it doesn't drive the price down!

OK - I pledge .10 BTC more if 9 other people do the same - Once I see 9 others or the equivalent of .9 BTC pledged I will send mine. - Pokeytex (community please step up - I think this is important to do before the 1,000,000 coin mark)

Hi guys,

My guess, Chinese New Year celebrations end; party over, back to work for FPGAs. Expect more over the next few days.

chilo

Whoa.. lets not make it or break it situation. If you follow this: http://www.cryptocoincharts.info/pair/dmd/btc/cryptsy/6-months

and look closer at September, when we had troubles with PoW, you can see gradual rise in price




It would be only logical to anticipate similar effect to happen this time round.

I agree. Reward reduction is about 4 weeks away or just a bit above that. Then we ll see what this coins made of.

I just keep creating buy walls - DMD always has a way of leveling out and growing... So no worries

I am a little suspicious of what's happening to the DMD price today.  It has the appearance of manipulation.  There are a few orders on both sides (buy and sell) that could be driving the price down - order significantly below the market price when the order was placed.  On the one hand, it appears to have driven away whoever was driving up the difficulty, at least for a short while.  But it also shows that this market is susceptible to price manipulation, intentional or not.

I suggest that if anyone was planning on buying DMD, now would be the time to do it.

I am syncing my Bitcoin Wallet now. I will send as soon as its done.  As you know Bitcoin is slow and frankly I haven't opened it in a while.

Is it me or is there some serious dumping going on - LOL I have bought more DMD in the last (3) days than I have in a year!  I am not complaining - just wondering who the heck would dump at this price?

How much additional BTC is needed to get this ball running?

What's the BTC address to send to?

Its depends on how you define "nice".  I am currently mining DMDs with about 205 mh/s.  That's would net about $0.12 in BTC and cost me about $52 in electricity.  How about I send .2 BTC to the community initiative BTC address instead?

Community thread: http://bit.diamonds/community/index.php/topic,95.0.html

Thank you Argon18 and Mister1k, you shed some more light on Coin Control feature.
This could be used as a reference point for community members to learn about it in greater detail.

Do you think secret use of coin control can be determined by examining the blockchain?
How would the signature differ from someone sending coins to her own address without using coin control?

Personally, I do not use coin control, I see no use for it at this point.
As someone has mentioned there are different strategies.
For some it's a moral choice and for some a logical one.
But some simply don't care.

Good morning Crazyivan.  

XPY received:
Paycoin XPY   PWoKPvxYGxRnKbbHvtaGN3V9z17UNfEt4k   50.00000000 XPY   2015-03-01 01:45:28
XPY   TrxID: cc0b7cd2e08fc4eb66166f5fcee72ab65a1d7a0ccb93b610631cfa975ccaf67a

Sold at current rates of:
2015-03-01 08:15:52   Sell   0.00345404   2.88792255   0.00997500
2015-03-01 08:15:52   Sell   0.00345201   12.79915716   0.04418282
2015-03-01 08:15:52   Sell   0.00347006   34.31292029   0.11906789

BTC transferred to promo wallet:
BitCoin   1N3TNyPUGUtvk6KD3Gy6WdS8e9P6PmYzPg   0.17280205 BTC   Yes   2015-03-01 08:18:03
Pending

I will update with transaction ID once Cryptsy sends it.

Thanks - Pokeytex

edit:
BitCoin   1N3TNyPUGUtvk6KD3Gy6WdS8e9P6PmYzPg   0.17280205 BTC   Yes   2015-03-01 08:18:03
Processed   TrxID: 330da5c9fface0d443c411b29e4fe145b107b7dd405f8d348c5548d21a70b450 @ 2015-03-01 08:24:07

I never said it didnt work. But I do have 3-4 inputs older than 30 days that won't mint.and if they wont mint,I would rather merge to another pile. I slimmed  down my wallet. One single staking address.my oldest. Two receive addresses for mining. I transfer the received/mined coins to the staking address once a week.I might mine 100 diamonds a week but they come in 2 diamond increments. Messy. The wallet reacts way faster when its cleaned up. The only reason I started playing with coin control was small solo mined inputs were stalling not splitting or merging. I never solo mined too much but the wallet always wanted to creat a new address every time. I want my staking block weight to be at its max. Is there a flaw in this reasoning?

true for hobonickels because their POS is not set up for group stake that merge coin piles together

DMD POS as described a lot of times already recombine coins automated into bigger piles again

please look this POS block
https://chainz.cryptoid.info/dmd/block.dws?816522.htm
and then tell me again its not working.......

can u see that shitload size 1 dmd coin pile that get merged together by itself without touch coin control

u just need to wait it will happen

if u have no time to wait merge coin pile below 10 dmdm size together with coin-sontrol

but here at DMD coin-control is a expert tool not a required tool

not like at other coins without group stake and merge small coin piles together mechanic at POS

because there u MUST use coin control or u reach the status that ur coin pile split each time u POS until u will never be able have enought luck to claim ur pos rewards


now what system is better for users?

and this is why the reactor was created. One big staking block. One address. Largest staking weight.
The devs  realized the second richest address with 40,000+diamonds, all the exchange addresses , probably at least 100,000 diamonds will not stake or ever stake.
 Exchange addresses will never attain coinage. Check the block finder.
Some big wallets have not been open or even updated in 1+ years. Think about it.
Which wallet holds the most weight for minting? Reactor Club members.
Payout was recent.
Someone had to use coincontrol to send the payment and not destoy coinage. Is this the same coin control Danbi says not to waste our time on? Lol
Out of the 144 possible minted blocks per 24 hours how many is the Reactor getting?
Fact:
'Benefits of larger blocks:'''
* Larger reward on PoS generation
* Lowers the CPU use to run stake (multiple small blocks are more difficult to process)
* Faster generation of stake (wastes less power running computers)

'''Benefits of smaller blocks:'''
* Enhances network security (more hash rate devoted to PoS)
* Easier for the network to process
* Slows the rate new coins are generated

= Coin generation analysis =
If left alone (not recombined) and not spent, eventually the block size of coins run with PoS in a wallet will get so small that the effective reward for PoS will be minimal.

Source:http://wiki.hobonickels.info/index.php?title=Coin_Control

Minting is not RANDOM.***