[ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 599.

big_coins

full member

Activity: 175

Merit: 100

Quote from: utahjohn on January 31, 2015, 04:19:52 AM

Quote from: cryptonit on January 31, 2015, 04:15:14 AM

Quote from: utahjohn on January 31, 2015, 02:26:32 AM

I've done that before ... simpler to send to new wallet it's cheap

Try sending to yourself and then examine coin-control inputs list mode...

split coins over a lot addresses on same wallet is reducing POS efficency and group stake that merge old small coin pile

POS works seperatly for each wallet address

so people who have lot small coin amount wallet addresses consider to merge them together

exactly the point i was trying to make, ... also make sure u have changeaddress set up in diamond.conf
I try to keep it to 2 addresses (main and change) and keep piles large

waste of time POS breaks big piles into little piles.

utahjohn

hero member

Activity: 630

Merit: 500

Quote from: cryptonit on January 31, 2015, 04:15:14 AM

Quote from: utahjohn on January 31, 2015, 02:26:32 AM

I've done that before ... simpler to send to new wallet it's cheap

Try sending to yourself and then examine coin-control inputs list mode...

split coins over a lot addresses on same wallet is reducing POS efficency and group stake that merge old small coin pile

POS works seperatly for each wallet address

so people who have lot small coin amount wallet addresses consider to merge them together

exactly the point i was trying to make, ... also make sure u have changeaddress set up in diamond.conf
I try to keep it to 2 addresses (main and change) and keep piles large

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: stillontop on January 31, 2015, 03:29:09 AM

I like the reactor idea as well, but a decentralized approach should be taken, otherwise it is bad for the spreading of coins and creates a single point of failure, which is never good in networking. Something like a premium address with a higher staking rate.

Another thing that bothers me is the following:
Let's say I bought some BTC in the past for a much higher price and I still hold them because I believe in it longterm. Now I want to buy cloudminig shares with my BTC and I get punished, because I only get credit for it's momentarly price in USD. I think this is a design flaw, because it punishes longterm BTC holders when BTC/USD is low.

In my opinion it would be better to enable fiat investments totally, or grant for example 500 cloudmining shares for each BTC, no matter how much $ it is worth at the moment.

P.S. DMD is great, I will hold my coins

that we dont accept fiat have law reasons

any conversion of crypto <-> fiat have to fullfill AML laws (at least most countries follow that direction)

that we use daytrade BTC $ value is the only fair way
we have to expect people just converted fiat to BTC the same day
so its clear BTC represent the actual trading value vs fiat

if u store BTC and speculate of value raise thats ur own business and risc
same as with any other crypto currency

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: utahjohn on January 31, 2015, 02:26:32 AM

I've done that before ... simpler to send to new wallet it's cheap

Try sending to yourself and then examine coin-control inputs list mode...

split coins over a lot addresses on same wallet is reducing POS efficency and group stake that merge old small coin pile

POS works seperatly for each wallet address

so people who have lot small coin amount wallet addresses consider to merge them together

stillontop

member

Activity: 134

Merit: 12

I like the reactor idea as well, but a decentralized approach should be taken, otherwise it is bad for the spreading of coins and creates a single point of failure, which is never good in networking. Something like a premium address with a higher staking rate.

Another thing that bothers me is the following:
Let's say I bought some BTC in the past for a much higher price and I still hold them because I believe in it longterm. Now I want to buy cloudminig shares with my BTC and I get punished, because I only get credit for it's momentarly price in USD. I think this is a design flaw, because it punishes longterm BTC holders when BTC/USD is low.

In my opinion it would be better to enable fiat investments totally, or grant for example 500 cloudmining shares for each BTC, no matter how much $ it is worth at the moment.

P.S. DMD is great, I will hold my coins

utahjohn

hero member

Activity: 630

Merit: 500

Quote from: Graywolf on January 31, 2015, 02:22:38 AM

Quote from: utahjohn on January 31, 2015, 01:15:18 AM

Quote

Reactor was an obvious failed attempt at a patch to an obvious problem.

Not a problem in my opinion, merely behind a prescribed timetable, which is not really a problem, a bit longer PoW than expected is all. I prefer more time to mine coins

Not everyone chooses to leave computer on and staking 24/7, and should not have to.
For those of you with staking problems, remember a huge amount of tiny coin piles is not a good thing, consolidate them into piles of 100 or more for easier staking ... I stake 2-3 times a week with large coin piles, and after a successful staking I combine the new split piles while low coin age (0). easily done with coin control and xfer to another wallet.

Hello

You can send money to yourself in the same wallet

Br

I've done that before ... simpler to send to new wallet it's cheap

Try sending to yourself and then examine coin-control inputs list mode...

Graywolf

jr. member

Activity: 48

Merit: 60

Quote from: utahjohn on January 31, 2015, 01:15:18 AM

Quote

Reactor was an obvious failed attempt at a patch to an obvious problem.

Not a problem in my opinion, merely behind a prescribed timetable, which is not really a problem, a bit longer PoW than expected is all. I prefer more time to mine coins

Not everyone chooses to leave computer on and staking 24/7, and should not have to.
For those of you with staking problems, remember a huge amount of tiny coin piles is not a good thing, consolidate them into piles of 100 or more for easier staking ... I stake 2-3 times a week with large coin piles, and after a successful staking I combine the new split piles while low coin age (0). easily done with coin control and xfer to another wallet.

Hello

You can send money to yourself in the same wallet

Br

utahjohn

hero member

Activity: 630

Merit: 500

LOL just give Cryptonit your TXID and your cloudmine address.
Dunno if u will get the 5% though, it's after the fact of announce of dissolution of reactor ... NP hope it was low coin-age.

davembg

sr. member

Activity: 340

Merit: 251

Smell the glove.

Ooops, I just send my first 500....then read the thread.
UGH.

I guess I'll hold-off sending the rest (1000 DMD).

Sorry guys....

utahjohn

hero member

Activity: 630

Merit: 500

Quote

Reactor was an obvious failed attempt at a patch to an obvious problem.

Not a problem in my opinion, merely behind a prescribed timetable, which is not really a problem, a bit longer PoW than expected is all. I prefer more time to mine coins

Not everyone chooses to leave computer on and staking 24/7, and should not have to.
For those of you with staking problems, remember a huge amount of tiny coin piles is not a good thing, consolidate them into piles of 100 or more for easier staking ... I stake 2-3 times a week with large coin piles, and after a successful staking I combine the new split piles while low coin age (0). easily done with coin control and xfer to another wallet.

stoody

full member

Activity: 126

Merit: 100

all good got mine back... i was afk for a day.. came back to see all hell brake lose lol
Status: 408 confirmations
Date: 31/01/2015 08:57
From: unknown
To: dGQr9GzEyvyLAW63NiH5oKXsr8VtLFhX5B (own address, label: muilty pool)
Credit: 1575.00 DMD
Net amount: +1575.00 DMD
Transaction ID: 47537b18f13ebf0f697103878dc38bb82883fc2fdf535f677f80183cbbca9b39

i was excited to see the reactor work.. but oh well i got 75dmd compensation

digi123

full member

Activity: 236

Merit: 100

I think reactor was a great name and a bad idea, the connection to cloud mining was very wrong.

Few mine this coin because it takes to long to get any kind of reward even with good coin age.
It's crazy how long I have to wait for a few coins. Would rather not bother.

The value of 50% is stupid if you can't collect it.

I'm not a crypto maniac where I leave my computer running for the sake of a coin, although I don't mind connecting up from time to time. However with this coin it's pointless even connecting from time to time as there is no reward.

Reactor was an obvious failed attempt at a patch to an obvious problem.

big_coins

full member

Activity: 175

Merit: 100

Thanks for putting brakes on this, brave decision and I applaud you both.

For the record I do not think the reactor idea was a bad one at all as long as every DMD user has it on their wallet. If only a special user gets it we all see the obvious issue.

I look at it as each user having a 'high interest account' with every wallet for long term staking. This is a good idea.

Rather than the 4x interest make it flexible based on coins needed, just like difficulty so it can be adjusted on the fly to generate as many coins as the network needs.

Again, thanks for pausing and reflecting.

utahjohn

hero member

Activity: 630

Merit: 500

Quote

This coin seems to have a lot more miners than minters.

Not for all that much longer, when PoW reward reduction occurs most if not all mine-to-dump miners will leave ...
More frequent staking as suggested is a good idea.

popshot

hero member

Activity: 774

Merit: 554

CEO Diamond Foundation

Quote from: Argon18 on January 30, 2015, 10:11:57 PM

Quote from: cryptonit on January 30, 2015, 06:11:12 PM

the idea of secure network with a 24/7 big wallet was sure a good one

If you need POS to be more secure, change your POS so the coin only gains interest for staking when online,
no coin age accumulates if the wallet is offline, this will keep more wallets online.
If that is still not enough, look at dropping the POS completely and merge mining with Litecoin & Dogecoin or pure Groestl mining to solve the security issues. This coin seems to have a lot more miners than minters.
Other things to consider, merged mining with Groestlcoin, or change to new feathercoin protocol and merge mined with them. Plenty of options for diamond.

Yes, Proof of Action is one of the things we've been thinking about.

Just like the other ones you've mentioned.

We still do have some time.

Argon18

sr. member

Activity: 442

Merit: 250

Quote from: cryptonit on January 30, 2015, 06:11:12 PM

the idea of secure network with a 24/7 big wallet was sure a good one

If you need POS to be more secure, change your POS so the coin only gains interest for staking when online,
no coin age accumulates if the wallet is offline, this will keep more wallets online.
If that is still not enough, look at dropping the POS completely and merge mining with Litecoin & Dogecoin or pure Groestl mining to solve the security issues. This coin seems to have a lot more miners than minters.
Other things to consider, merged mining with Groestlcoin, or change to new feathercoin protocol and merge mined with them. Plenty of options for diamond.

Boffin1818

newbie

Activity: 26

Merit: 0

Have not received refund from reactor investment Cryptonit check email please.

utahjohn

hero member

Activity: 630

Merit: 500

Quote from: cryptonit on January 30, 2015, 06:11:12 PM

all investments returned as said before not visible on reactor wallet because used coins from somewhere else

we will empty reactor wallet later when we know more about future plans
and if it is clear that this kind of idea is for sure not returning

maybe we even go for reactor with normal pos rate and only foundation member coins in it

the idea of secure network with a 24/7 big wallet was sure a good one

why not put foundation funds into reactor wallet, stake them normal 1x rate (50% annual) and give rewards to cloudmining?

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

all investments returned as said before not visible on reactor wallet because used coins from somewhere else

we will empty reactor wallet later when we know more about future plans
and if it is clear that this kind of idea is for sure not returning

maybe we even go for reactor with normal pos rate and only foundation member coins in it

the idea of secure network with a 24/7 big wallet was sure a good one

utahjohn

hero member

Activity: 630

Merit: 500

Quote from: chilo on January 30, 2015, 05:46:33 PM

Quote from: utahjohn on January 30, 2015, 05:42:18 PM

my last 600 which was still sitting in personal wallet staked just before announce of reactor dissolution ... all my coins now 0 days age but that's OK I made 7.5 on staking (and was going to invest) and 50 for reactor interest. Not bad Grin

I am glad you had a win on that gamble utahjohn, even if it turned out different to what was expected!

Good opportunity to consolidate into single pile

Cost me 0.002 to send to another wallet and back, now all in single coin pile

Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 599. (Read 1260677 times)