Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 650. (Read 1260677 times)

Not a problem Cryptonit - But I am serious - If I can help in some way whether it be beta testing or provide feedback of any kind let me know - In real life I am a salesman for a sign company and I tinker with computers on the side.  If any of that fits in to your plan let me know if I can contribute any time to help.

good,i like you.i am in your way,mine a lot and sell none.
many altcoins are dying,but dmd is very stable.

Nobody will forget how you contributed to the voting on Usecryptos.

excuse my harsh word before
the bitter words are just the addition of stuff that gathered together and its a burden i carry around

i know a lot people contribute in a way they can

Thank you Popshot for expressing ideas and for clarification. There really is a lot to think about and understand about the future plans for DMD. I might not fully understand all of it yet but I agree that security and stability is the most important thing right know. Without that the future possibilities for DMD will be very limited. I will follow the thread with great interest and when time allows try to contribute with whatever I can.

Well I sure as heck like to think I am a member of this community.  I am not technical in anyway that could help develop the coin but I have had my miners on DMD since 4-29-14.  I haven't sold a single diamond and like to think I am helping secure the network.  I know that my hash is small now considering what I see on Danbi's pool and what is showing in the overall network rate.  If an asic or change in algorithm comes out I will switch my asics to DMD instead of multipool to help secure it still.  If there is any other way I can contribute besides power for my gpus and asics please let me know.

pallas u are of part of the extended circle u dont count as someone outside

Well actually I proposed some patches (some months ago) for non-x86 compiling but they were never integrated.

fact is that dmd diamond have no community driven development

no one is submitting code improvements to github since ages

(the last one who did became our lead developer)

its a illusion that we all together create dmd diamond

there is a core of 3 people and a extended group of like 10 people who contribute ideas and beta test capacities

outside of this there is only requests about what should happen but no contribution to make it happen

DMD Diamond is by mindset no robin hood rebel/outlaw against actual economy

its a serious atempt to use cryptocoin blockchain technology to extend the actual economy
with a new option that even everyday people (non nerds or cyberrebels) feel comfortable to use

the security such people request is that there is someone standing behind the coin
someone who state we will take care about the coin network and coin code and longterm maintain it
we will expand possibilities but still guarantee to stick with the original coinrollout speed

to fulfill all that its time to become a company special the great impact on coin economy from dmd coudmining project need this
to save me as a person and give the people who gave their money for this project a visible legal framework in which we operate

one of the problem we face when consult experts regarding founding of a new  company
is people ask us if we crazy how our company should earn money

they see we work endless hours without salary we run dmd  cloudmining without have a fee for the user
we provide dmd multipool without any fee

this is a problem i dont have a solution until yet
i got told a company that dont aim to earn profit
isnt a company its considered to be just a hobby and not allowed to be registered as a company

Well, we need to look at things in perspective. Either we want to be like any other crypto that is speculatively traded within small crypto scene market where growth prospects are limited or we want to appeal to the masses (and I mean millions of people). The other one won’t happen if we don’t acknowledge that there is duality in this capital market world. You have centuries old entrenched banking system and us .. where Bitcoin itself is just a fraction of a fraction of all payments made in the world.  We have no chance standing against the Goliath, but we can well push boundaries as to how much playing field we can keep for ourselves. As DMDCreeper had said, there must be some middle ground, a bridge that will allow for two systems to be able to coexist.

Now, when the blockchain technology was released there is no way of stopping it. There will always be anarchist projects that would stay completely decentralised, hiding in the back alleys of the internet… but is this really the future we want for Diamond?

By pseudo centralised I had in mind that coin production stays decentralised, however some part of Diamond should be tied to ecosystem that supports it. Some focal point where mainstream can interact without any fear.

We are still researching things, so this is still up for discussion.

Thanks stillontop for your suggestions.

We have actually debated this already, to create an in wallet trading platform for special coloured diamonds, but this idea was quickly defeated.  As shveicar put it, quite emotionally I must admit, that would feel gimmicky.

As to your first idea, I agree that we need more services accepting Diamond. Problem is, this won’t happen any time soon. Part of the solution it is to be included in payment processors or create our own VeriBit like DMD BTC pairing that would allow for direct purchases in ever shop that accepts Bitcoin. This would put sell pressure on Diamond but at the same time create usability. 

Keep thinking

the power gather stuff and complete a gathering have on people is great
but instead of create such mini game we better should provide ways people can do that on their own

if we say DMD Diamond is a storage of wealth system then at first we talk about DMD itself
but we dont exclude the possibility that the wealth that u storage is somehow attached to our block chain from outside
its a asset u move into the diamond network that u store there or trade with others

the future will reveal so many possible extensions to block chain technology
there is absolutely no reason why DMD Diamond can not add that ones that fit to our coin concept

collecting stamps and creation of multi-colored coins are different things. No need to turn Diamond in circus for children.

The most important thing now reorganize the algorithm, make it to combine and maximum security against attacks by underground miners with FPGA devices.

Serious people still like to collect and trade things, look at real coins or stamps. Would you consider those people, who like to collect them unserious?

Diamonds for serious people. This is not a collection of various brands and labels that would be typing a bunch of garbage, get a reward with beer can. Let the stupid hamsters engaged in such nonsense. Diamond serious coin and no needs necessary lovers giveaways and freebies in the form of multi-colored candy wrappers.

P.s With all due respect to your ideas.

Today I have been thinking about Diamondcoins success and I have came up with a thing or two. First of all Diamondcoin needs to feel like a real treasure and it's name and the graphics in use are already doing a good job, but there is more to be done, like two factor auth. Furthermore it needs an instant use for it's supporters.

Now we have some Diamondcoins sitting in our wallets and they generate a few coins within an uncertain amount of time and that is totally fine, but actually I can not buy many real things and the need to trade them with others is really low. In my opinion this should change, because a relativly small number of people stacking up their wallets will not help Diamondcoin to succeed and it is boring.

My idea is quite simple, we should create subsets of diamond coins, let's call them "fancy diamond coins" and each of them still has a value of 1 DMD. Let's say there are 256 different fancy diamond coins. All DMDs created by PoW are normal, but as soon as they beginn to mint, they become a fancy diamond coin with a certain color and shape. Now we would need some kind of trade channel in the Diamond Wallet, where people could trade their randomly generated fancy DMDs with the goal to collect all different kinds of them, to form a "full set of diamonds" which could lead to all kinds of benefits, like slightly higher gains in PoS, lower fees in PoW pools and of course, great reputation in the community.

no way we have 6 years time....


this and lot more is on our todo list
but at the end of the day u sort and prioritize the points on this list
sometimes u reevaluate the points and remove some from the list
because change of time made that point no longer valid or absorbed and be part of another point

u keep ur coding power always busy by splitting the todolist points into workpackages and constant feed them with it


keep ur good feedback incoming
it give a good feeling when people suggest something we have on todo list anyway
that show we are on right track

and sometimes there things incoming where we say nice idea lets add it to the list

Popshot,

Could you clarify this "This is departure from decentralised model into a pseudo certalised one. Many people might not like it.

Basically my view is the current problems with finance are due to the centralized nature of current banking.  Centralizing power creates a single point of corruption, manipulation and failure.  What our current money system is wrought with.  The power should be in the hands of the users and the technology. 

Side chains sound very interesting.  http://www.blockstream.com/sidechains.pdf.  I see there being a very large shakeup of the crypto money space within the coming two years.  Regulation I hope is 6+ years away to allow the technology to grow and mature. 

I see bitcoin currently as Netscape was to the internet in the 90's currently.  Although the technology is evolving at a much faster pace. 

Some suggestions:
Make the wallet experience more non tech user friendly, add double security to unlock wallet like 2fa.  Why does it take almost a full day to get the diamond block chain synced up? Help users make a offline backup of their wallets.   Direct a backup to the cd drive by default.  Make a much more seemless user experience with setting up the wallet and funding it.  Add a buy and sell section where a user will be able to buy diamonds directly from the foundation or exchanges. DMD multipool or cloudmining.  Explore the bitcoin side chain technology.  brainstorm/innovate is a must!!!

http://multipool.bit.diamonds/
Cloudmining ROI stats show now as default your account ROI stats if u own DMD cloudmining shares
(global stats of all account can be selected per button)
if u own no DMD Cloudmining shares all Accounts ROI will be displayed

allow users move shares to another account is in planing phase
which would allow users to trade with each other

in first phase it wont be a market but just the possibility for a user to move shares towards another user

a requirement for this to happen will be a register ur wallet for change settings
(as it is now u can only watch stats but change no settings this is the reason why there is no login security required)

in future that will change up to a degree that we also include some simple form of two way authentication
 



http://multipool.bit.diamonds/
[email protected]


INVEST ONCE -> EARN EACH DAY!

no power cost
no maintenance
no heat
no noise
nothing beside payouts

http://multipool.bit.diamonds/
email [email protected] for more infos





What's the best way to invest into DMD?
In my opinion you should split your investment into the following:
By buying 50% DMD direct and 50% into DMD Cloudmining
This way you can maximize your profit and stabilize the coin.
http://multipool.bit.diamonds/
[email protected]

Also by providing your referrer wallet address we can make sure both the investor and referrer both get bonus shares.

Got no referrer still want the bonus shares? Ask for a referrer here someone sure willing help ya get bonus shares.

Well , these are some of my ideas for you...

Issue number one is security and stability. Even though we have superior setup of hybrid security, PoW is an important part of the network protection. PoS should not be our primary line of defence against the attacks but rather the last resort. At the moment Bitcoin has network hashrate of mind boggling over 300 PH/s. If we were able to tap to this power we would be seen as serious contenders whose network is well protected. The less uncertainty in security department the easier it will be to convince businesses to trust us. We cannot be secured by GPUs only, it’s not serious.

Changing algorithm would have to go together with the way rewards are issued, it would not be appropriate to allow only selected mining pools to reap all the rewards leaving small time users and miners without possibility of getting hold of Diamonds. We would have to see transformation of services currently provided such as Multipool and Diamond Cloud Mining into one power house that would ensure even and wide distribution of the rewards. We would be aiming at creating volume for Diamond through price hike. There is plenty of volume in Diamond, it is just a matter of price.

We need to go legal to create (non-profit) company that would be able to form formal contracts with businesses. No one is going to deal with individuals. This part is actually really difficult due to various restrictions and lack of clear laws. Banking sector is stifling startups on purpose cutting access to their services and capital. Even though it’s costly and difficult it has to be done. Anyone who would think seriously about trying to get through to the mainstream or at least Bitcoin like markets could set up a company and together with us form a corporation. This would legitimise our existence and encourage adoption. This is departure from decentralised model into a pseudo certalised one. Many people might not like it, but if we don’t want to be gone we need to sacrifice something for greater good.
 
We need to form a community of people who are able to help this project move forward. Programmers, activists, lawyers, PR, etc.. We need to become members of different Crypto Associations to be abele to voice our needs and opinions and have a say in matters that could influence policies. Taking proactive role in these things would not only be great for networking but would also attract investors which we badly need. Specialists would not be able work for free or just for an idea or promise of future profits, but real salary; right now we are not able to provide such sustained hard cash incentive.

Diamond needs to innovate. I personally hold a view that sidechain technology is something we should really consider. It opens a lot of possibilities for future development and services that would be attractive to businesses. However, not everyone shares my way of thinking on that subject, but this can be negotiated.

In terms of urgency, I think within a year we could expect new regulations on Bitcoin and eventually altcoins which would make things much more difficult to do unless we have some established and investment attractive services. What’s more, Bitcoin and other projects that are way more capitalised do not sleep, they work round the clock to come up with some ever more killer app solutions that would marginalise the need for small scale cryptocoin alternatives.

I want to remind people that we are not here because we have some spare time and have nothing better to do. We strongly believe in cryptos and we want this project to last and be successful, that is why we will do everything in our powers to make it work for us and for everybody else who put trust in Diamond and invested their time, effort and money into it. We cannot have any other mind-set otherwise we fail.

One year, which is my estimation only is a very short period of time. Competition doesn’t sleep and we are not allowed to stay static. I would say all the changes are urgent (the sooner implemented the better), some we are already working on while some will take a lot of effort and time to accomplish.

Everyone is welcome to chip in their ideas and most importantly do not sit on the side-lines and observe how it all unfolds. We the people are creating our own future here, the more people are actively involved the more likely our future will happen.