Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 573. (Read 1260677 times)

Thank you popshot for having the big picture in mind.  I do run 24/7 node staking and mining is only secondary to me now that difficulty is so high.  Can't remember who said that I run donkeypool, I do NOT I am just consultant.  davembg is pool op.  

I'm not at the end of it yet.

I feel everyone should have a chance to express their opinion, it's good to have 'whistleblowers' within the community, even if thier actions are misguided.. as long as certain level of courtesy and tolerance for each others opinions is maintained it should be allowed.

Did utahjohn cross that point?

I liked his idea about contacting bigvern to create DMD/USD market.. all I can say it's not the right time to do it but the idea is valid.

Argon18 was also right in a way. PoS on its own is rather weak protection, especially for coins with low capitalisation. I have followed closely the development in the thread Aragon18 posted the link to. Yes, the attack is a real threat however to perform it one has to have at least 5% of total coins in existence - right now it's worth of 50k DMD. How likely is that? Beside our PoS with its mechanics (10min per block, long maturity time) makes the whole privatechain building operation a much lengthy process.  
Of course one of the Reactor's tasks was to protect us from exactly that; it wasn't any secret. By the way, thank you everone who contributed coins to the Reactor.

One also has to note that with growth in popularity, Diamond will experience network effect, where more people run nodes which stake, the price would rise and other value added goodies would be introduced .. all of that WILL make us more secure when it comes to PoS. However, we are looking into other ways of securing the network and explore suggestions made by community members.

All in all, we are aware of the situation and are preparing to mitigate the risks.

+1 big time. Especially the last sentence.

People, please. I can only spare few moments recently and come to read pages and pages with rant and FUD about how Diamond will fail next month.

Let me tell you, why this is noise.

1. POW is not going anywhere. Diamond will continue to be an POW/PoS hybrid for many years. Repeat: POW *will* continue to function for Diamond after we reach a million coins. Why someone thinks something else is beyond me. Read the code, if you can't understand the coin spec ;-)

2. I spent quite a lot of time last year to analyse and together with other Diamond team members adjust the PoS mechanics. Unlike other coins that have PoS< Diamond uses more of the technology that is powering this coin production process. I often say that it was my fault to make some running too conservative, but this *only* matters if you want to see results quick, now! -- Diamond is otherwise designed with very long term stability in mind.

3. When you leave a Diamond wallet stacking, it will regulate the coin piles be 20-120 DMD in size (gross estimate). This size guarantees that your wallet will stake frequently enough, not too quickly and not too slow, so you have steady flow of both PoS blocks and reward.

I have not yet implemented automatic coin control. My hope was to do this by autumn last year, but some "real life" issues have kept me away from coding. The design objective is very clear and obvious, it just needs a bit of time. The current automatic coin selection is not optimal, especially in edge cases, such as very different coin pile sizes (but see 3 above). In general, it is advised you keep separate wallets for staking and transactions.

It is irrelevant how big the coin pile is. Reward is always calculated (coins * age * interest) and in the long run you will get essentially the same amounts. You might achieve a bit bigger income by keeping the pile size large, in order to stake more frequently and benefit from the compound interest. But this is true only in theory, because PoS *is* random and the chances to stake an 1000 DMD pile is not so much larger than the chances to stake an 100 DMD pile. Obviously, it *is* noticeably larger than the chances to stake an 1 or 0.1 DMD pile.

Further, the more transactions you do, the more you bloat your wallet (this is another area where new code is needed) and respectively slow down PoS.

My advice is to leave the staking wallet alone. There are other things in life one can spend time, than grouping coin piles with Coin Control.

In the midst of all of this unnecessary bickering there is a valid point that was made.  I believe the point is there are features of the wallet that are not well documented - or documented at all.  So when people say, "use coin-control" or "manually manage your piles", there may be folks out there who have no idea what you are talking about.  It makes it seem like there are "insiders" who have and hold knowledge of things that others are not privy to.

Where is this functionality documented? Is it posted on the Wallet page of the DMD site so every one who invests in DMDs knows it exists and knows how to use it?  I looked and I don't see it.

Argon18 says its easy and anyone can do it.  I believe you but you have to look at if from the perspective of a person who does not know what you are talking about.  Booting a computer is easy too, unless you have never seen a computer before.  Then its a mystery and that is how we should look at capabilities like this one.

It may be posted on one of the 300 pages of messages in this forum but that's not really a very practical way to provide information about the wallet.

So if we can put down the knives for a few minutes, can someone please explain how coin-control is done and then maybe someone create a Wallet user guide and post it on the DMD website?

Thanks.

alex moderate the thread

even if alex is a kind person
there is a point when even he is at the end of his patience

The post refers to your misbehavior. Why I sold shares is none of your business, do not ascribe me an opinion I do not have.

yet u sold your cloud shares also so your confidence is also questioning ...

I think if you were to have a talk with bigvern on cryptsy we might get DMD/USD established there, nobody moves from cryptsy to other markets ... I have no intention of selling at this time but clearly there are dumpers who do ...

Cryptonit - I think all posts should stay here as this is where newcomers will start.  I for one am entertained by it.  Especially utah telling us to remove our buy walls.  Which I haven't done.  Anyone coming into this new should take all of this with a grain of salt and realize it is the ramblings of a few that you read through all of the posts.  I would put more faith in utah if he wasn't so wishy washy all the time.  One post he is a posterboy for DMD and then in the next he is trying to destroy DMD.  Very confusing.

This is the problem with most coins, isn't it?

DMD/USD market is established   https://comkort.com/trade/dmd_usd .. why community doesn't actually use it.. idk, but for sure you can lead by example.

I have been around since april 2014 and I know the history, I have learned to appreciate the ignore button. I think your question was answered in the qouted post below.

My problem with that is DMD is still tied to BTC and totally dependent on that.  A DMD/USD market must be established that community will actually use ...

The DMD price. Todays price of 1 DMD is 0,168 dollar(1BTC=240 dollar, 1 DMD=0,0007BTC, 240*0,0007=0,168)
A quick estimation on average price in november 2014, 1 DMD was 0,18 dollar (1BTC=360 dollar, 1DMD=0,0005 BTC, 360*0,0005=0,18)
It seems cheaper to buy DMD today at 0,0007 BTC than it was in november. Current DMD price is a great opportunity for newcomers and everyone else that want to increase his/hers DMD stock. I hope all this ranting about the DMD price will come to an end, in my opinion it is strange that the price still is so low.

It's smeagol :O:

U just do not like it when someone question your "authority"  ROFLMAO

Community will not move to a new forum just as with new exchanges, it is human nature ... we are comfortable here and do not like change.  If you wish to ban users that makes just a dictatorship who does not listen.

i dont care about that coin
but if some threaten me to destroy DMD then i care

u are not dangerous because u cant do what u threaten people
but u just have no feeling for the boarder where dicussion ends and insulting and threatening starts

u have a hate love for DMD

i would love that smirgol beat golum in ur head

I did in fact release insider information that judgecoin dev was leaving dev team and the whole thing collapsed.  I was part of dev team ...

It was not my intention to loose over 1 BTC invested into that coin, but the dev who was known to develop and dump coins before that actually caused the demise of Judgecoin and I'll bet he cashed out nicely on the way out
Read that thread and u will see truth

people have to understand
how BTT at least in altcoin area is and how people play games here

its like a btc-e.com trollbox

they try initiate pump by hype posts  and dump by panic posts and profit on market
this argon guy seems to wana have some more cheap coins

the truth is always the marketprice if u belive his storys based on half facts and half fiction
which are merged together can create any scenario u wana describe
then u need to sell ur dmd

utahjohn on other hand is a 2500 dmd nonfactor he doesnt play that games
he is just disturbed between love and hate dmd
and his crusade to destroy the coin if it dont follow his wishes
(as he already did threaten me once per PM (....destroy DMD like i did destroy judgecoin....)

utah u not in the position to influence DMD no matter how hard u try

with upcoming increasing popularity of DMD more people like argon and utah
will find this thread and follow their own agendas in it

a question to the community

do u want us to active counter that in a way like we handled icebreaker
or u dont bother and see this as entertaining when u read it?

in my opinion we should let them be here and try to move serious talks to dmd forum
there we can just ban such users and dont have the sisyphus work to delete their posts

but also a fact is that community didnt follow us to dmd forum
last time we wanted to switch focus there