Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 603. (Read 1260677 times)

Added.

I think using:

http://bit.diamonds/community/index.php/topic,90.0.html

 will be safer and may bring some extra traffic to the alternate Diamond forum.

Maybe we could have the link on the ANN page?

I've seen people trading things in (main ANN) threads, should be 'legal' but don't take my word for this - I'm not the almighty 'trusted member' to set my own rules.

I'd like to see a firm time frame for new wallet roll out, start of reactor before I invest anymore (have 2 slots empty). 

good idea we will create a slot trading thread on DMD forum

this slot trading is only working for the initial 3 slots each dmd cloudmining shareholder recieves

lets use this thread
http://bit.diamonds/community/index.php/topic,90.0.html

how anyone see this as negative is beyond me??? i see nothing but a positive move.... this shows that there is an active dev team, something that most coins dont have... i see this a nothing more then a move towards what the dev team and dmd coin role out plan... the role out plan hasnt gone according  to plan so the "active dev team" has done changes to the dmd to make sure it meets the expectations of just that... why people see this as bad is beyond me... i would much rather see the dev team to take action instead of sitting on there asses.

Hi people,

I too would like to buy additional slot/s if someone is willing to sell.

popshot/cryptonit should we have another thread to facilitate swap or selling of reactor slots? (Not sure if this type of activity allowed on this forum either).

Regards

chilo

The reactor wallet would just produce x4 more coins, nothing else, no hidden functionality or any other benefits.

The benefited would be those who had their coin there, which through out that period of 40 weeks (280 days ) - would amount to additional almost 50% return .
The rest of the coins from the reactor would be fed into Diamond Cloud Mining as extra rewards to all participants.

In my view network security would benefit as well .. as there would be more consistent and persistent staking power.

I know I can't give a better solution, but I think is not a solution. But i have to say something if you want jump off from the cliff.

Here are my private solution: I going to start a service which accept dmd payment. It will start in apr-may.

Of course .. but to create economy we are after is not easily possible with the resources we have. Or it would come so slowly we would be outpaced by everyone else.
Take for example eCommerce, anyone remember CoinPayments platform? We spent so much time and money on getting us there and the end result was that I was the only person that used it.
We need investors, and I'm not talking here about Cloud Mining investors. Nowadays, to successfully launch game changing products one needs the whole team of programmers, marketeers, lawyers, etc.
 
We do want to create demand - the Reactor is one of the answers to it.

Instead of saying generic 'a very bad idea' what would you see as better solution that addresses the points that were raised?

@hallared

a reactor slot isnt a trap but instead a privileg
existing cloudmining users are free to trade/sell their slot rights if they want

im happy to offer 50 dmd for each slot someone want to sell towards me
but u are free trade and sell to whoever u want and at whateve price u able to get

if a cloumining shareholder sell  some of his slots he need to send a email towards [email protected]
i explain details at reply

i will send a newsletter at weekend not all shareholders are active at forum

until yet the only negative feedback i respect is comining from pallas because he did something active for the community

all other negative feedback iscoming from people who didnt active contribute but now wana raise their voice

its doesnt count who cry louder but who is working for the coin

i respect every opinion from people who work for the coin

thx to all the positive feedback too

it was clear that this change will strenght the profil of dmd as investor coin and weaken its profile in the eyes of miners

same we did go through when we launched the V2 wallet and replaced the old pure pow coin rolloutplan with the actual longterm rollout plan with focus on pos

i just wonder if miners hate us so much why mining diff raises

if people want to dump their coins on what exchange this is happening?

dmd position itself with a unique concept and not just as another pow pos coin with another name as only difference to other coins

and we dont stop here we working on more projects that are aimed to attract business

we not one of the endless coins that try to be a payment coin
but that u will be able pay everywhere btc is accepted is justa matter of time

our main goal is storage of wealth and in the future providing crypto business solutions for companies instead of focus on private customers

that lot of us as little private investors will later on hold a share of a B2B crypto business solution wont be a bad thing i guess

popshot

coins in the reactor have an POS advantage over conventional coins? Does this mean that I will receive less from the POS having no coins in the reactor?

I think reactor is a very bad idea. It will increase the investment and not the commerce which means it just helps increasing the bubble. Every investor wants a minimal profit therefore they have to sell some amount of dmd. It will destroy the exchange rate. You really want 1-2 winner and everybody to lose?

You have to establish an economy behind dmd.

This has nothing to do with the reactor. Foundation wallet is incapable of staking, because of countless amounts of 0.05 transactions that the wallet cannot process. Once the coins are sent away in bigger piles the problem disappears.   

Anyway..

I think quite a few people are missing the point here.

The Reactor is not just about producing more coins, however, necessity for more coins was good opportunity to come up with something that would benefit overall Diamond performance.

Let me again present the aims of this project (and BTW I have plenty of questions to you):

•  Making sure we stick to original coin rollout plan by putting more coins into circulation.
-   Anyone objects that? More coins would mean bigger inflation, but it was meant to be bigger in the first place, so what's the problem? More coins would also mean more liquidity and possibly better distribution.

•  Ensuring Diamond Stabilisation Mechanism gets bigger and better.
-   Anyone objects that? Don’t we want to ever rise the price floor of Diamond? So ‘the little miner’ can conveniently dump his coins and get return for his struggle, without worrying what the price will be next week? Beside, it’s not the only purpose of  Stabilisation Mechanism to do that, but rather prove the coin can retain its value over prolonged periods of time – it’s supposed to be a deposit coin in the first place.

I hate to use it but iCBREAKER illustrated it pretty well how things looked before the Cloud Mining started:



Could you compare it with today’s stats? http://coinmarketcap.com/currencies/diamond/ (180 day view).
 
These things didn’t just magically happen.
It was all possible thanks to Helmut’s hard work and commitment to deliver and run the service and of course everyone who bought into the cloud.

•  Increasing the unique strength of DMD's POS² (Proof of Stake+ Proof of Shares).
-   Anyone objects that? Don’t we want people to perceive Diamond as a good product with functioning and effective ecosystem? Don’t we want to attract more people by providing such options?

•  Providing fantastic ROI opportunity to those who are committed the most to long term success of Diamond.
-   Anyone objects that? Rewarding those who actually make the whole Stabilisation Thing a reality? How is that unfair? Miners get their mining rewards and benefit from stable price thanks to those who invested BTCs into the cloud.. Minters mint and get their rewards for securing the network. How about making the system to be grateful to those who actually perpetuate with surplus result one of the cornerstones of stability.

•  Securing the network with massive staking power, making any PoS attacks very costly.
-   Mining is coming to an end, alright? Soon 1/10th of a reward is not going to attract any significant number of miners, even “the little ones”, so we can forget about PoW security. The coin will rely heavily on PoS, and not sure many of you are aware of effective PoS attack that affects all existing PoS coins [NXT not yet confirmed].  Where only 5% of coins is enough to take the project down. Keeping 10% of total coins in constant stake for sure would help to mitigate it, don’t you think?

Some people’s reaction is as if we did this:
http://www.theguardian.com/world/2015/jan/29/north-korea-may-be-restarting-reactor-which-produces-nuclear-bomb-fuel

Coincidence? Yes it is .. we are not affiliated in any way with the Democratic People's Republic of Korea.

I get an impression that you think, we were going to cheat you and personally gain on this.

To be honest I don’t care for more coins and I’m sure Helmut doesn't care either, I have enough of them already, what I want is to move this project forward.
If it was only about some short term gains we wouldn’t spend countless hours on this and be just like the rest of people riding waves.

This Reactor project is not the only thing we’ve been doing all that time, but we do split work. I’ve seen the question about the access to Reactor, no I don’t have access to it and won’t have it, for security reasons.

But you can help me in other ways..  If you have loads of cash and want to invest in a good crypto project, please send me PM, it will save me a lot of work finding external investors to properly fund development and take us out of the 100th place to the much higher one. If not then sorry but this is what we came up with with our limited resources.

Of course thank you for your thoughts about better PoS rewards models, but would be much better if you could actually address all these points and not just one:

•   Making sure we stick to original coin rollout plan by putting more coins into circulation.
•   Ensuring Diamond Stabilisation Mechanism gets bigger and better.
•   Increasing the unique strength of DMD's POS² (Proof of Stake+ Proof of Shares).
•   Providing fantastic ROI opportunity to those who are committed the most to long term success of Diamond.
•   Securing the network with massive staking power, making any PoS attacks very costly.

This is my real account and yes it is created today cause today I saw engine things first time.
And also I am top 20 diamond holder. Not here to argue, but just saying my opinon.

Hi Sneaking .. why wouldn't you use your real account, but hide behind the one created today.

Your 'community' voice for sure would be stronger and more credible.

Exellent idea.

Doesn't coin age vanish to thin air always when trasfer occurs? Is that calculated into account? 100k transfers into engine wipes quite a bit POS time. Also risky gamble with hardforking and more POS time lost.
-Sneaking

I think a survey (reactor yes/no) is the only way not to loose community faith and trust.

The FUDsters aren't looking to dump otherwise they wouldn't FUD. The FUDsters are trying to make the top 100 or top 50 or top 20 etc at the same or lower price than those who have accumulated over the last 6 to 12 months.

If community looses intrest.. I think that mahiga engine is still debatable.