Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 604. (Read 1260677 times)

coins in the generator have an advantage over conventional coins? Does this mean that I will receive less from the POS?

Moving coins to Cryptsy for the presumed dump! Please give me a bit to clear the confirmations.

How about to make POS multiplied with preranged changing variable with for example every 60 block? ~ 1hour.
So that if You have 10k diamonds * (1.5 - 0.5) = Your new POS value. We already have variable difficulty for POW so why not to implement one to POS too?

Changing POS multiplier could also be used to control POS amount globally from precalculated logarithmic curve. Too many = decrease multiplier. Too low POS = increase. That would encourage ppl to stake all the times.
-Sneaking

By counterstrike terms this would be like changing de_dust server map to cs_estate by sudden.

Everyone just changes server.

Im selling everything...

Diamondcoin 24h volume was around 3 btc today.

Anyone having 30k$ sparemoney for investing? By having that 30k$ You are already considered rich.

You would get over ninethou... 150- 200 000 Diamondcoins by that money. Good luck selling it someday with 3 btc volume. Would take more than 180 years to sell all Your coins with that volume.

Buy diamonds with 5 btc * 0.00053281 ~ 9384 diamondcoins. With that You are presumably top 20 diamoncoin holder. Quantity is still so low that You don't need 30k$ For top 20.

In my opinon that engine thing creates credibility issues. Also it drives new investors away who would buy diamondcoins but not cloud thing. That decrease trading volume by long term and by that inflation is generated.
-Sneaking

Thank you Cryptonit for your answers.



The above may be a part of the reason POS coin rollout is weaker than expected, but I think the main reason is that there are in fact not 6 POS blocks per hour in average, or 144 POS blocks per day, in theory 10% of the all blocks. I have followed the frequency of POS ever since the unfortunate stop of the POW blockchain in september 2014, and according to data taken from the blockchain the actual amount of POS blocks is about 4 blocks per hour in average during the period from september 2014 to january 2015. No wonder there’s less POS coins than expected when there should be about 50% more POS blocks. So to get better compliance with POS coin rollout plan, I personally think first measure should actually be to adjust the wallet code so there are in average 6 POS blocks per hour, and not 4. Right now, with this amount of POS blocks, and increasing network coin weight, it is rather difficult to POS. If the reactor comes into the picture and the amount of POS blocks will not be adjusted, it will probably be very difficult for "normal" wallets to POS. I know you earlier explained the coinpiles of Bob and Alice and the reactor, but in the reactor will be DMD foundation coins which, according to previous statement from Popshot, not have been able to POS before because foundation wallet is not staking, so these are new coinpiles that will compete for POS. The reactor in itself will generate higher POS rewards than normal and more POW coins will be generated continuosly so there will definitely be more new coinpiles competing for the POS blocks in the future. The question is if it’s enough with changing the blocktime to 300 sec in the long run, because if current code continue behave as before, that will only be around 8 blocks per hour. Possibly that will not be enough.
I do understand that there are difficulties in balancing coin stability and coin mechanichs, my conclusion is that the reactor project could be beneficial for the coin, but should be accompanied by an increase of the average amount of POS blocks.

If I choose the POS² mode, are there any information regarding agreements/rules related to the reactor staking. Is it you Cryptonit, or Popshot, or both of you that is responsible for the reactor address and the money sent to it? For example, lets say i move 1500 DMD to the reactor address and fill 3 slots tomorrow, will I receive some sort of acknowledgement from you that you have received my coins for staking and that they still belong to me? Or do I see this information somewhere in DMD multipool? Lets say for some reason, I change my mind or by the end of february the staking reactor project get delayed, is it possible for me to get my 1500 DMD back, ie before they have started to stake in the reactor?
 

Community does, investors does and miners too.
By justifying their own means they are not gonna get
Community behind theirself.

No need to change diamond to separate two class of ppls.
Money separates people nowdays just enaugh without it.
Poverty vs Dubai anyone?

Money does not have value. Coins either.
It is demand and supply that makes "value" changes.

And with low volume trade that "value" can be altered by small sell/buy trades. With such a low trade volume You are not going to magically make it stable. Printing more money creates inflation also. Witch in case makes investors to sell. Makig coin "valueless" means it is not anymore usable as trading equipment.
-Sneaking

Changes to the wallet must be liked and approved by the community, otherwise they will simply not upgrade. And if they don't, reactor will not work.
If enough people don't like the reactor, they can fork the source and put you out of your own coin.
Not that I want that to happen, just giving my two cents. :-)

who cares ?

noone lose anything
only people who go the additional mile earn additional reward

like people who mine with 2 GPU mine double amount of coins compared to only 1 gpu

so people who invest into cloudmining run in POS² mode instead of only POS

the freedom to choose is at user side

noone can tell ya how many GPU u should buy and use for mining

noone will tell ya that u have to increase ur involvement with DMD to the POS² level

fact is there are people who envolve themself with the coin to a degree that they spend over 30000$ for it

and they deserve that everything will be dont to make their investment and this coin a successtory

and not a idealistic dreamland of decentralism and the love for the little miner

because the story of the little miner is just not true

im myself a little miner and i had absolute no problem gather 1500 dmd in this long time

and get your hands on 100 dmd cloudmining shares is easy for everyone

and noone is forced to do it but dont tell me the "its impossible for the little miner" fairy tale

ask stoody what a big miner and fat investor he is

but he have his 3 reactor slots filled........

whatever reason for this "reactor", I believe you should have asked the community first.
doing it like that, even in good faith, looks like you knew people wouldn't have liked it and you wanted to do it anyways.

and decentralisation will be gone... if there is a place where it worth to store the coins, then many ppl will store their coins there. (only little miner wont, because they havent enough coins.)

Miners are the loyal supporters.

ppl who are just mining and staking are not loyal supporters ?

I dont like the way that DmD team are manipulate me and other dmd supporters to invest in their DmD shares/cloudmining. So I will stake much less as the ''VIP'' users. Boys are you sure you are doing this right ?

Yes. market will show this!
29.01.2015 - 50k sats.
lets see.

Exactly my toughts of this too. I want to handle my coins myself and now You say I should send my coins away to get more POS. I am happy to my 50% and forcing this "engine thing" is just can of worms to me. My coin value is not The same anymore if I don't support engine and cloudmining. Hence forcing. Just makes me ask why? You should give freedom of choice back to community. Make another coin for Your engine choudmining support and stay away from devaluing our walletstakes.
-Sneaking

special for mister1k:

"we choose to go a path that support coin stability"

none of the other option would have any impact on coin stability

reactor do

our goal as dev team is not to support shortterm mining goals
or flood market with increased POS coins

our goal as dev team is focus on mechanics that support buypressure
attract new dmd cloudmining investments and reward dmd cloudmining investors
and bind coins longterm (shortening avaiable coins on market)

i full understand that miner mindset people might love other paths

but we try to avoid feed the miner swarm who move from coin to coin

instead we feed the loyal supporter of dmd diamond  and its stability mechanics

and special for miners we implemented the mine for shares option so people who didnt invest a single dollar
have also the chance earn 100 dmd cloudmining shares just with mining

regarding effect of reactor announcement on mining diff u have to enlight me

u mean that we attracted more people and more interest on DMD and so also new miners

and u consider that as bad?

Thankx for the Diff increase for the regular Joe miner.
All the little "could have" s you could of done.
And the diamond community as a whole could have benefited .
I see the coin rollout plan didn't go as scheduled and only qualified ones will benefit.
I see you had other options. Any one of those options would have benefited all.
But when the plan needs to change only qualified holders get to reap the rewards.
The regular diamond holder doesn't even get a bit. He gets a diff increase.
Even a regular diamond holder is an investor!
Could have increased POS to 100 percent for non cloud miners.
Could have increased POS to 200 percent to cloud miners. U still have an incentive...
Could have increased POW @ 1000000 to .25 - .5
Any combination of the above suggestions would benefit all.
You state that none of "could have" any long term positive effects for DMD.
Hows that??
Maybe next time the plan is under schedule you'll include us.

What is understandable, the bigger the pot of honey the more tempting it is to get it.

Obviously, the wallet will be better protected in other ways than simple IP masking, but for security reasons we're not going to describe the security framework in great detail.