Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 601. (Read 1260677 times)

Lots of confusion over reactor decisions by cryptonit & team,

Let's clear it up ,

Diamond is not a community coin, it is not decentralized.
You were mislead if you believed that.

Diamond is Cryptonit & Team's Coin, it will be centralized if they decide so.

It is his Way or the Highway, no other options, no voting to make a difference, you just accept their choices or leave.

That Simple.

In my veiew talk is cheap. Create demand, create economy .. do you think we haven't spoken to eCommere services to integrate us?
They make a quick look at volume and say .. sorry, we need coins with bigger volume / bigger capitalisation. Bigger volume in our coin can only come from higher price per piece.
Anyway, we are not a payment coin and never will be as default - that market segment is full of other solutions which we cannot compete with.
Even if you had places where to sell DMDs they would be instantly converted into BTC putting sell pressure on Diamond.
Even, Reggie0 when he opens his service accepting DMDs cannot seriously claim he will not sell it for BTC.

Diamond is an investment vehicle, you invest and get returns. The way to sustain such claims is by creating demand.
Artificial demand is one of the ways.. NuBits does that, anyone crying about it there?

Diamond Cloud Mining is part of Diamond network, however you look at it - Diamond is not just a computer programme, but people that support it. Just how many people are willing to sacrifice all their time (day after day after day) to trustfully run it? This is big burden and of course if there was a way to let it run automatic that would be fantastic.

I would much more appreciate actions than wise opinions, because taking costs nothing and it's the actions that ultimately matter.

Those who buy cloud mining shares they at least do the action that directly translates into meaningful support of the coin (price stability).
Security from PoW miners is arguable .. any bigger attacker could gain majority at any given time and that happened many times in the past.

You want demand for Diamond than go out there and make it. Let's everyone play their bit. Write blog articles spend days and nights on this and then this will make some difference.

You say DMD is an investment vehicle and you may be right, but I think that makes DMD a bit like a Ponzi scheme.  What I mean by that is, an investment is only worth something when you sell it.  All of these DMD supporters hording DMDs are only delaying the fall to the real value of the coin.  Cloudmining boosts value by creating false demand.  Its brilliant really.  Watch what happens to the trading price of DMD every time there is a buy or sell order.  A few hundred coins causes the price to drop because volume is so low.  What happens when investors liquidate?  You can see what's going to happen.  The first guy to sell out his stake will benefit the most.  But selling his coin will drop the value to everyone else.  Then they will sell creating a crash in the DMD market.  As others have said, there is no economy behind DMD to offset such a scenario.

Commerce, as others have said is the only way to prevent this.  But commerce is never going to happen.  The DMD community is too small  and businesses can see that DMD is really just an "investment vehicle".

I have been mining DMD for almost a year now.  I am already losing money to a small degree.  I know in the near future mining for me will be just a stupid choice.  I suspect I am not the only one.  The question for DMD is who blinks first and sells?

NO Electricity Bills                                
  NO Maintenance                                    
    NO Heat                                                
      NO Noise                                              
        NO Timesink                                        
          NO Complicated technology                
            NO Quickly decreasing mining rewards

Join DMD Cloudmining
     -> EARN DMD EACH DAY!
                    
                   YES!

(additional u can qualify for a Diamond Reactor slot!)

Visit us:  cloudmining.bit.diamonds
for terms & conditions Email us: [email protected]
      


What's the best way join into DMD Diamond and DMD Cloudmining?

I suggest split it as follows:

 a) 50% on buying Diamonds directly
 b) 50% in Diamond Cloud Mining.

 This way I could achieve both maximizing the profit and stabilizing the coin.
 Diamond Cloud Mining can earn Diamonds every day, those Diamonds stake with 50% PoS interest.
 Some would call that Double PoS or simply PoS² (Proof of Shares and Proof of Stake).

I am not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker or Financial Planner. The Information is provided for information purposes only. The Information is not intended to be and does not constitute financial advice or any other advice, is general in nature and not specific to you. Before using this information to make an investment decision, you should seek the advice of a qualified and registered securities professional and undertake your own due diligence. None of the information is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. DMD Diamond is not a regulated investment vehicle. DMD Diamond, like all crypto currencies, is experimental in nature and should be considered and treated with appropriate caution. There is no central point of control or representative entity, DMD Diamond is a distributed decentralized peer-to-peer currency and commodity. Consult a licensed professional financial advisor before making any investment decisions. I am not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.

- it creates a single, specific address with different PoS compensation
for reactor v1 that is true but its done in a secure way implemented into all wallets not in a single wallet hack
technical solutions for a reactor v2 setup are welcome to reach similar effect with a decentralizes solution
- it asks people to send their money to a single address
the most tranparent way so everyone can see the reactor in action and how his coins are minting
i would see a decentral solution much more intransparent no one can check out how much coins really stake with the advanced ruleset
- it makes important changes to the opensource wallet without asking the community first
open source means everyone can reuse the code for his projects not that our version of the code need aprovement from everyone to be changed
- it gives more reward only to people who partecipate to an external program
dmd cloudmining and reactor are integral parts of the cryptocurrence ecosystem called DMD Diamond
- it gives more reward only to people who can afford it
who cant afford 100$ is maybe wrong at DMD Diamond as investor
we never stated that our goal is to be a coin for all the people
even after 30 years not enough DMD exist to give each human a single coin
DMD is clear designed as a crypto business vehicle for investors
and that normal people as early adopter have the chance to secure for themself a part of this is a great opportunity

not long ago a designer of a possible 3rd party project that if it ever will be lanched would utilize DMD asked me
how much DMD can i buy with 200000$

i answered him theoretical all existing
practical not even 50k

this just as little hint how fast value can change

In my veiew talk is cheap. Create demand, create economy .. do you think we haven't spoken to eCommere services to integrate us?
They make a quick look at volume and say .. sorry, we need coins with bigger volume / bigger capitalisation. Bigger volume in our coin can only come from higher price per piece.
Anyway, we are not a payment coin and never will be as default - that market segment is full of other solutions which we cannot compete with.
Even if you had places where to sell DMDs they would be instantly converted into BTC putting sell pressure on Diamond.
Even, Reggie0 when he opens his service accepting DMDs cannot seriously claim he will not sell it for BTC.

Diamond is an investment vehicle, you invest and get returns. The way to sustain such claims is by creating demand.
Artificial demand is one of the ways.. NuBits does that, anyone crying about it there?

Diamond Cloud Mining is part of Diamond network, however you look at it - Diamond is not just a computer programme, but people that support it. Just how many people are willing to sacrifice all their time (day after day after day) to trustfully run it? This is big burden and of course if there was a way to let it run automatic that would be fantastic.

I would much more appreciate actions than wise opinions, because taking costs nothing and it's the actions that ultimately matter.

Those who buy cloud mining shares they at least do the action that directly translates into meaningful support of the coin (price stability).
Security from PoW miners is arguable .. any bigger attacker could gain majority at any given time and that happened many times in the past.

You want demand for Diamond than go out there and make it. Let's everyone play their bit. Write blog articles spend days and nights on this and then this will make some difference.

we want them to gain in value
and be exchangeable into other forms of value when we need it
(not instant not all at once but in small amounts we want to be able cash out in need)

details about that i explained i my last posting
https://bitcointalksearch.org/topic/m.10309274

just to hold isnt enough purpose for a coin

and all we do is working towards this goal to

raise of value and raise of liquitity

i didnt see any detailed plan of people who dislike dmd cloudmining and reactor

that would generate similar effects

please present ur plans

they wont replace dmd cloudmining and reactor
but we can add it as additional  buypressure generating mechanics that increase value and liquidity of DMD

Indeed. What else are we here for than to make and hold assets?

you may not be realising you are confirming what I just said :-)

The only people who rightfully should be offended by this process is btc holders. Dmd is an investment coin, and plays a long game. The time is now to push, and position yourself for maximum gain. We are currently trading off relatively high btc worth, low dmd worth. I think btc has yet a long time to run,  however the plan is for dmd to outlast btc (IMO).

Hi pallas,

With all respect, you may not be realising the effect of the cloudmining  venture. Investors are literally trading off the value of bitcoin while increasing the value of Diamond. The more cloudmining, the more btc-dmd transfer, the greater the value of dmd. Until, possibly, dmd eclipses btc.

The only people who rightfully should be offended by this process is btc holders. Dmd is an investment coin, and plays a long game. The time is now to push, and position yourself for maximum gain. We are currently trading off relatively high btc worth, low dmd worth. I think btc has yet a long time to run,  however the plan is for dmd to outlast btc (IMO).

Even in a trustless environment, a certain amount of trust and caution is required.

Regards

chilo

cloudmining is not part of the coin, it's a separate service.
with the reactor and its mandatory wallet upgrade, it will be inherently part of the coin.
I think this is a pretty huge conceptual issue.
but I see people don't care about this kind of things, they just want to make more money.

How should we fairly deliberate on this or similar moves? One DMD, one vote; One holder, one vote; One cloudminer, one vote, One miner, one vote etc?

While I agree all of the community should have input on the direction of our investments, a strong team needs strong leadership and strong support.

The suggestions and ideas have not been very strong except when major changes have been made by our leadership.
I tend to support them.

I don't want to see any of us alienated by moves within DMD, but how do we with all fairness move forward without leadership? The goals, risks and potential benefits of the change have been clearly stated. There is little risk if you choose not to engage in the changes, and potential reward (at risk of short term sell options on your reactor staked DMD) if you do engage.

I see how it could be perceived as unfair that only people with cloudmining shares have the option of reactor staking, however anyone can purchase cloudmining shares. I would think if you don't have enough belief in DMD leadership to engage in cloudmining,  you probably would not put 1500 DMD up on trust for potential reward.

I would love to see many ideas and suggestions for the DMD leadership to pore through for inspiration and community appraisal.

Let's discuss this, but not complain when leadership leads.

Kind Regards

chilo

I vote YES for the reactor!  People are being narrow minded.

u wanted to vote
voting have started......