Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 594. (Read 1260677 times)

I just signed message to cryptonit via PM:
I authorize tranfer of my entire cloudmining shares from dRANuqn2Kj26MQQbEwEu4zUBsKQb62hJzj to
darrnyqFMDJ13LKbgkkWMbhh7RA3rK5SyF



IBjiT3TZife5o1t6SSAN/ln9UoZsQZUy3tFfLAESqpc8dm0hy1ya9pNelFI2Z3GhiE19xDHLaaAzJ/4b5P4Xl9s=

The signed text is above

My transaction id:
Status: 3/unconfirmed, broadcast through 9 nodes
Date: 2/4/2015 20:41
To: Utahjohn - cloudmining purchase - 106.7906 shares dJrhv4Pp1FXPrQiEp5njx42QrZiuZrbjQ1
Debit: -635.00 DMD
Transaction fee: -0.001 DMD
Net amount: -635.001 DMD
Transaction comment:
text:Utahjohn - cloudmining purchase
Transaction ID: b2f0bac9b798ba24adc7299ceaa4c0826c5cdeb4a942b92f648143f2f24df979

Please transfer shares to my cloud mining wallet - darrnyqFMDJ13LKbgkkWMbhh7RA3rK5SyF

Thank you kindly Cryptonit and thank you Utahjohn - I will leave you positive feedback for a trustworthy transaction.

@cryptonit
I have made sale of my cloudmining shares, now tell me what u need to transfer them to buyer.
My Cloudmining address dRANuqn2Kj26MQQbEwEu4zUBsKQb62hJzj which is registered and signed.
Buyer Pokeytex. 

I'm a little confused.

• The primary reason given for developing Reactor1 was to increase the coin creation rate of DMD that apparently wasn't being met by a 50% POS rate.
• Reactor1 did this by having a 200% POS rate but only for cloud miners and large DMD holders who were allowed to participate in Reactor1.  No one seemed to have an issue with the increased coin creation rate, but with the two tiered & centralized reward system to do so (as opposed to say a uniform POS stake % increase for everybody that would accomplish an increased coin creation rate simply and fairly).
• Reactor1 was scrapped within hours of its announcement due to a surprising new development that didn't exist a few hours earlier and that would not work with Reactor1.
• Now we have Reactor2, and Reactor2 seems to have a completely abandoned the coin creation rate issue and has a different focus of (1) increasing network security by having a large weighted wallet 24/7 and (2) subsidizing cloud miners (with 70% of the Reactor stake)).

 
Increasing network security is always great and an inventive plan to subsidize cloud mining is also fine and dandy...but was coin creation rate never the actual issue? 

From the preferential rewards of Reactor1 and now the direct subsidizing in Reactor2 it appears that supporting cloud mining has always been the primary focus.  Why no mentioning anymore of coin creation rate?  Is the coin creation rate still a big issue of concern and something you will be dealing with separately in another way?

we still seek more contribution to this project:

DMD Reactor "light"

This need no wallet code change it give the reactor no advantage over normal wallets
it support network with a very big 24/7 staking wallet and it support dmd cloudmining with 70% of its POS earnings
(30% of its pos earnings stay in reactor to slowly increase its size same as all DMD cloudmining investments follow this 70/30 rule)

there are two ways how people can take part at Reactor
both ways and the whole project have to be seens as longterm support of the main stabilisation mechanism
for already big cloudmining shareholders who hold a lot DMD option 1 is ideal

for new (or people without dmd cloudmining shares) investors a 33/33/33 split between
buy DMD for ur wallet
buy dmd for reactor option1
buy DMD for reactor option2 or invest BTC for cloud shares
might be interesting

option 1. contribute

lend dmd for 12 months to reactor and get nothing in return
beside the additional DMD from reactor staking that ur existing dmd cloudmining shares qualify u
(but people who dont lend and have cloudmining shares would profite too from reactor)
at end of 12 months foundation will offer u a bounty to leave them in reactor for other 12 months
or u decide against it and get ur coins back

option 2. invest

ur dmd actual $ value value will be converted into dmd cloud shares 1:1
this dmd u will never get back they stay in reactor forever
but the cloudmining shares u keep and so the dmd cloudmining earnings


both options are not great investment opportunity but supportive act for dmd cloudmining

same in other words:


------------------------------------

for now we have "lend" coins option 1

30k helmut/cryptonit
10k alex/popshot
2.5k anonymousG
2.5k chilo
1.5k Eliano
1k anonymousA


and invested coins option 2

2.5k anonymousG
1.5k anonymousJ
1.5k big_coins
1k chilo
1k anonymousI
0.5k anonymousA


--------------------
total 55.5k


(we only accept coins send to us once its clear we launch it
the trigger value that we make it will be somewhere around 50k but goal still come as close as possible to 100k)

-------------------

thx to all who contribute!

thx ivan
sometimes i just need help to describe stuff in other words
and u perfect did understand the idea

Option 1 is a joint effort from larger DMD holders to increase minting rewards which ll be distributed to DMD cloud shareholders.
In other words, they voluntarily put their coins into this large minting pot in order for all shareholders to benefit.
This option gives no special benefit to investors, it s just a nice move to support something we all believe in. You get your coins back at the end of the minting period so you basically just lend them.

Option 2 is people using their DMD to buy additional cloud mining shares and these DMD coins used to pay for these shares will again go into large minting pot which will produce additional rewards for all DMD cloud shareholders.

None of these options are obligatory, if you feel you should contribute to DMD community, do it. If not, no problem, we still love you all. ))

not even that
u would get around same rewards if ur ur part of cloudmining shares is the same as ur share added to the reactor

if u add no coins in reactor u basical get free rewards from the coins other people add

u can enjoy that which is perfect fine

or be part of the contribution programm

i dont want to force someone

i just said i go in with 30k of my coins to support DMD with another pillar of income not connected to BTC value

and im very happy about everyone who help me

i understand its not very attractive to contribute on a not profit driven reactor

but the rewards here is the good feeling to support network and ur own investment into dmd cloud

better that is

and dont be mad u just wasted 25% more free DMD

https://www.youtube.com/watch?v=WoaktW-Lu38

To be perfectly honest Cryptonit I am confused on exactly what I am getting.  I don't understand how holding 50-100k worth of diamonds in a wallet that is staking for 12 months is going to create value.  Further more I don't like feeling forced to invest into anything.  I have invested in Cloudmining and enjoy the payouts.  I have mined DMD and I have bought DMD.  I just don't see the value yet in locking up my coin in a wallet for 12 months with no access to it for the same stake rate as my current wallet.  I will continue to buy DMD and shares when I can but this last post from you makes me feel like I am under pressure to invest.  I for one don't like that.  Please post a chart or graph or something that shows me exactly how me investing in the reactor v2 helps grow the value of DMD.  I like and respect you and previous to this idea there was always a chart or graph or something that helped me make a decision.  Even with reactor v1 there was a potential of 200% growth - that I understood.  Please help me understand this new idea.  Thanks - pokeytex

I still have old Diamonds sitting at crispy..they have been there for 6+ months...
I guess I should update the wallet and get'm back and put them to work...

10 minutes later:
Ah..wallet is  downloaded and syncing...old transactions are showing...so far so good...Oh fancy new wallet!
Pity value is 1000% LESS than my purchase price.
I'll leave them to my grandkids and maybe they can buy ice-cream for their grandkids.

another contribution incoming
thx to anonymousA

------------------------------------

for now we have "lend" coins option 1

30k helmut/cryptonit
10k alex/popshot
2.5k anonymousG
1.5k chilo
1k anonymousA


and invested coins option 2

2.5k anonymousG
1.5k anonymousJ
1.5k big_coins
1k anonymousI
0.5k anonymousA


--------------------
total 52k


(we only accept coins send to us once its clear when we launch it
the trigger value to make it happen is reached but goal still come as close as possible to 100k)

so where are the dmd cloudmining shareholders and their contribution to the reactor?

u really want alex and me carry 90% of the load?
it support every cloudmining shareholder

i understand people who own no shares are not intersted in it

but big shareholders should be able contribute at least with 1k dmd

(as big i consider over 300 shares = over 1% of total shares
and if we aim to fill reactor with 100 000 then 1k is the part of contribution that would be fair)

that we going to create it is nearly certain we only 500 dmd  short of the trigger value of 50k
but i would be very happy if im able find more supporter

Pls people, let us not go off topic.

Crazyivan , SGTMoth please for all that is sane in this world. Keep the conversation clean.  When things like this are posted, it removes at that instant any kind of true dialog and puts people in general off.   Your flippant attitude with this is just plan wrong and the conversation deteriorates.  You can disagree with any statement you like, but as they certainly taught you in school.  Use your actual words...   Please elaborate and refrain from out right name calling.   Or just plain out ignore the post.   I certainly didn't think SFTMoth's post was trash. His thoughts could have been worded more clearly but, after all these are just posts.  As his post stands, it does have some meaning and perspective is gleaned from it.    You do bring out a valid point, in that the developers of this currency could make the information more readily available on the DMD web portal and the splash of this thread.  I do apologize if my tone earlier wasn't more helpful, instead of just pushing out the first thing that popped in my head.  I do forget at times different perspectives.  What is clear and obvious to me might not be the same for you.   Just my thoughts on this, take them for what they are worth. 

Thx for the clarification C, I will sell only whole amount to keep this simple.  No escrow required I will send signed request from my wallet for the transfer when DMD received
I have been here long time and am a part pool operator.  Make reasonable offer for 106.7906 shares so I can be done with this
Just post a txid when buyer/seller make agreement so it is public.  PM me with offer.

i confirm move of shares in database can be done in special cases
BUT we dont act as escrow or manage the deal between the two sides
we only support to move whole amount of dmd cloudmining account shares and not split in parts
the last step to make the move happen will be always a messages signed by the wallet address that hold the shares
so only who control the wallet can sell the shares
the new owner must have a full registered wallet address at dmd cloudmining too (including access to settings page)


this should not be a lot handwork required marketplace
but a rare exception if someone want to sell a whole account of shares because of whatever reason


i would prefer that people read the contract before they make a investment
or at least come to conclusion in the 7 days timeframe where u can cancel contract if they want to step out
after the 7 days the money is spend for hashrate and we cant retun it only offer to support u if u sell ur shares as described above

Total sharepower 106.7906 for sale make offer.   Cryptonit can arrange transfer to your account.
DMD or BTC, DMD preferred.

we hear ur feedback and make sure infos are better accessable

the way u asked for it and say thx when someone spend time to give them to u tell me a lot

we still seek more contribution to this project:

DMD Reactor "light"

This need no wallet code change it give the reactor no advantage over normal wallets
it support network with a very big 24/7 staking wallet and it support dmd cloudmining with 70% of its POS earnings
(30% of its pos earnings stay in reactor to slowly increase its size same as all DMD cloudmining investments follow this 70/30 rule)

there are two ways how people can take part at Reactor
both ways and the whole project have to be seens as longterm support of the main stabilisation mechanism
for already big cloudmining shareholders who hold a lot DMD option 1 is ideal

for new (or people without dmd cloudmining shares) investors a 33/33/33 split between
buy DMD for ur wallet
buy dmd for reactor option1
buy DMD for reactor option2 or invest BTC for cloud shares
might be interesting

option 1. contribute

lend dmd for 12 months to reactor and get nothing in return
beside the additional DMD from reactor staking that ur existing dmd cloudmining shares qualify u
(but people who dont lend and have cloudmining shares would profite too from reactor)
at end of 12 months foundation will offer u a bounty to leave them in reactor for other 12 months
or u decide against it and get ur coins back

option 2. invest

ur dmd actual $ value value will be converted into dmd cloud shares 1:1
this dmd u will never get back they stay in reactor forever
but the cloudmining shares u keep and so the dmd cloudmining earnings


both options are not great investment opportunity but supportive act for dmd cloudmining

------------------------------------

for now we have "lend" coins option 1

30k helmut/cryptonit
10k alex/popshot
2.5k anonymousG
1.5k chilo


and invested coins option 2

2.5k anonymousG
1.5k anonymousJ
1.5k big_coins


--------------------
total 49.5k


(we only accept coins send to us once its clear we launch it
the trigger value that we make it will be somewhere around 50k but goal still come as close as possible to 100k)

-------------------

thx to all who contribute!