Ok, being a fresh investor in DMD, I just got my wallet working, bought my coins on cryptsy and I am quite excited ! But there is one question I hope you can answer.
What is your marketing plan ? I realised that DMD seems quite unknown compared to an altcoin like dogecoin. It is true their market cap is in Millions while we are still in Ks, but they did get there somehow, didn't they ?
I see the great work of the dev team on this coin, and I hope the community can keep building up.
I also saw you made an alliance with Noblecoin. That looks great! But what is the greater picture, what is the roadmap you are proposing on PR ?
I do not want to look like the arrogant newbie who comes with his prententious ideas and asks the dev team: why am I not yet a millionaire ?
Believe me, my goal is not just to ask questions about greater plans : I hope I can help by creating a blog and talking around me about DMD (which I am doing), but I would like to know, out of simple curiosity, wether or not you are preparing some kind of key DMD PR campaign such as Dogecoin did with its dogecoin funding for sportive and humanitarian causes (althoug DMD is more of a wealth storage coin and is therefore less suited for this kind of PR campaigns, I do believe it deserves more attention ; and I believe that we, the community and the dev team, can work together towards this goal. But the master minds of DMD are of course the devs, this is why I address my question to you
)
First of all congratulations on making the first step in the right direction (investing in Diamond).
Cryptonit talked about some of the issues and I’d like to touch on the others.
I think comparing Doge and Diamond is a bit like comparing apples to oranges.
Even though, there are similarities in both, as they can act as payment systems, but it’s where tit all ends. Both coins have different philosophies and rollout models.
Doge from the very start was regarded (by majority) as a joke; its image was built around meme of the year and the name itself couldn’t have be taken seriously. Dogecoin creators were very smart in that regard as they capitalised on a very fresh and popular readymade image that took the scene (and beyond) by storm. It was funny, it was silly, it went in tens of billions of coins (and who wouldn’t want to be a millionaire). The collective effort of those who we ‘in the joke’ by creating funny promo materials and spreading the word on myriad social networks added a lot of (entertaining) value. Sheer amount of coins made it extra easy to build volume and push it to many exchanges. Speculators with their trading bots loved it, exchanges loved it, the crowds loved it..
From technical point of view … Doge was just another scrypt clone.
Diamond on the contrary, could not be any different. At first Diamond was also based on Litecoins scrypt (as there was no need for any alternative) with some addition from Peer, Lucky and Florin coins. The mechanics behind it was pretty much unique, very slow rollout with 1 Diamond per block. This on its own made it at first almost a collectors coin and pretty much guaranteed very slow adoption rate. Speculators hated it (no potential for abuse), multipools hated it (low reward and 1 block diff retarget) , exchanges hated it (low volume), the crowds .. well those who knew what it was about and the potential it held, loved it. It was the fairest coin out there. Diamond has always been targeting different audience, people who wished to invest in rare, stable and secure form of currency. This has been our mission from day one to provide just that.
Our immediate plan is to create a family of Groestl algorithm coins in order to strengthen the network; Conversion of Noble is the first step – this will allow us to merge mine. Joining forces with other communities allows for cross promotion which does wonders. Noble and Diamond share the same ethical principles which will make it that much easier to go on with the other joint projects in the future. Your suggestion of utilising cryptocurrency technology “for sportive and humanitarian causes” is definitely something we will look into – Noble has great experience in that which we would be happy to learn from.
In terms of PR we cannot count on free ride ticket just as Doge had. We rely on our members hard work of spreading the news; altcoin press in spotting us; rare giveaways and our own contracts in this industry. We believe in delivering the robust and consistent service that would ensure value stability of our investors. I think by building trust we can achieve way more in the long run than by creating hype. Of course, once we achieve higher market capitalisation we will be able to effectively use Foundation’s funds for some fully fledged PR campaigns.
In the mean time we have delivered Cloud Mining project as a part of our value stabilisation mechanism which acts like an investment opportunity, promotion (we are now worth mining) and general coin support.
So as you can see we take one step at time in the right direction just like you did by investing in Diamond
I’m glad you’re on board with us.
Good said. I might add that the Diamond coin ideal for the serious and long-term investment. Its potential is very high, because the market is now missing like Diamond coins. The development team has repeatedly showed that it is able to cope with any problems and it is worthy of respect.
Price of the coin is now still low. Storage Diamonds in a wallet unlike any garbage Doge, brings its owner a steady income. Each 1000 coins brings a week 10 coins wallet while running (production mode Pos)
It's a good reward, but in the future it will decrease. Unlike coins PPC and NVC The Diamond will be only 4.3 million coins. And this is the main value
