Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 712. (Read 1260706 times)

Anonymity cuts both ways.  On the one hand, there are people who like it and even demand it.  On the other, the main stream commercial interests fear it.  Governments don't care for it either since it creates an opportunity for money laundering and crime.

Having experience in banking and finance, my personal feeling is that ease of use, integrity, and speed are more important for the survival of alternative currencies than anonymity, although I think anonymity is a feature that is necessary for the initial launch of the concept.  But for mainstream acceptance its not as important as the other features I mentioned.

In any case, we still need to figure out how to convince merchants that their consumers will use these coins to buy goods over the internet instead of using credit cards and paypal.  Then we need to convince holders and takers of these currencies that the value will not fluctuate dramatically.  No one will want to transact in a currency that will be worth substantially less 5 minutes after they receive payment. 

We are in the infancy of this process right now.  We have a long way to go and I think we will be forced to adapt to the market several times before we find the right formula.  But we would be stupid not to look at the current state of all of these currencies and the reduction in value they are all experiencing.  We are being given a signal.  We need to be open minded with our response.

I think this is going to win the voting.

This is what I'm talking about. anonymity is not bad, especially since the user will have a choice. And developers will have an extra reward when anonymous transactions.
Now even in the banking payments there is a notion of anonymity. It is of course in many cases is a mere formality, but for the service people are always willing to pay top.
P.s a good practice on the part of developers, it would be to organize the voting on a official forum for this opportunity. would immediately be seen how many people are ready to support such an idea.

Good idea! And the fees should support the developers. I wouldn't work for nothing.

In fact, the anonymity should be as a separate option, which would take additional commission for the transaction. This approach will ensure the interests of all parties. Everyone will have the choice to use a transaction, it is common (with a minimum commission) or anonymous users will have to pay extra for it.
Diamond should be the most elaborate coin. Surely the community wants that investors would pay attention to it.

Your statement is absolutely right. I'm in the same situation as you. Most of us have heard these phrases day by day. I will stick to this coin for a while and then decide what to do.

Promises won't help. People want anon features and a slick wallet so give it to them. Although we all know anonymity is a fairy tale. 

Thank you for your statement.


There are always enough coins for everyone. It's just a matter of prize.


Maybe YOU have. But new investors probably have not.


What makes you sure that their issues won't continue?

All in all I like this coin but I got burned too many times before so I will be careful even with DMD.

A multipool which doesn't payout for a while is keeping coins from staking so the miners lose money.

thats the spirit!

whole diamond foundation team work without any payment for diamond success
and that is because success of diamond will be success for us
(and u all know there was no premine so we bough/mined our coins like u)


and u as community
u can do the same!

I have seriously mined LTC, VTC, DGC and DMD and I have dabbled in a few other coins.  I have heard the same arguments with all of these coins.  As the price goes down some supporters advise loading up at low prices while the skeptics ask what is going to happen to make their coins more valuable. 

This seems to be a fairly constant pattern.  When I first started mining LTC, about 25 LTC equaled 1 BTC. Today, its 97 LTC to one BTC and BTC is about 60% of the price it was then.  The same is true for the other coins.  The more I mined, the less the coins were worth and the supporters of the coins insisted the value would go back up.  The skeptics, including myself kept asking why?  With difficulties increasing and prices decreasing those who mine are falling further behind.  I believe ASICs have actually hurt the crypto markets because they have driven out large numbers o interested miners wo did not want to make huge investments in the technology but wanted to support the notion of an alternative currency.  I think this is one reason why VTC has done better than other coins even though its value has dropped significantly too.

I continue to mine DMD because of the efficiency of the algorithm.  It takes less energy to mine DMD so I get the most hashing power for the same electricity.  DMD mining software has improved too.  My ash rate is more than double what it was when I first started mining and I haven't added any new hardware.  Yet me energy requirements have only increase a few percent.  But at the current price of DMD, even with the efficiency and optimization, my mining is not cost effective.  The break even point gets farther away as the difficulty increases. I continue to mine because I still hold out hope the this coin will survive the inevitable flush out of most of the coins that are mined today.

The only thing that will drive up the price of DMD is interest.  People need to want DMD for some reason and it has to be more than just those of us who mine this thing.  Mining and investment alone are not going to work in the long run.  It has to be backed by commerce and demand. 

As I understand there are things in the works. But I'm not aware of what major things that we have coming up.

I'll be looking to make some silver hard/cold wallets in the future for DMD

without any question DMD is not a mainstream coin with very big community
but there is not even enought diamonds for them all 

DMD Diamond is still a insider tipp a coin that is in its early coin rollout phase

that alone is sign enought were the difference is
we not even finished first coin rollout phase and thats in over one year

in that timeframe coins born lived and died multiple times......

diamond is here to stay

active development
loyal community
short time price disturbance was expected after so long troubles with cryptsy

but once cryptsy opened the door everyone did again stick with it
so we cant build up easy a second exchange

your question if i would invest in DMD is a bit unfair

i have insider knowledge that make it much easyer for me to answer with YES!

u are limited to the public infos and have to decide by that

but even then i would say there are 2 reason to invest

first:
its possible reach insane gains if u invest into DMD at this all time low


second:
u trust in people
real people with real names
long very active at btt
never jumped between coins just stay with their project through any up and down

Ouch.

I'm having problems with Cryptsy too. I transferred BTC from mintpal to Cryptsy last night and has over 80 confirms in blockchain already but is no where to be seen at Cryptsy. Network Admin says specific wallet affected and I say doesn't take this long to sync and Network Admin says need to import keys. It is Sunday here already I'll probably be waiting for at least Tuesday to spend my BTC. I'm sure a few coins will see a jump in spending in 1-2 days time.

What does a new investor see when he is interested in DMD?

He sees a lately not very active community.

He sees a prize which went down by 30% within the last week.

And he sees a multipool which depends on only one exchange and is not able to payout because this exchange has ongoing issues.

Would YOU invest in such a coin?

P.S. Don't get me wrong: I'm invested in this coin and interested that it succeeds.

Yep, less pressure to build the U/I now, got a working base to start with
Also got a multi-coin X11 pool ready, working on auto-convert to BTC then to DMD ... Not much out there open source available to start with, and I need Deposit/Withdraw API's for useCryptos's.

No worries utahjohn, there will be more people willing to mine once the price returns to sane level; at least now you will have a pool ready to fire up when the right time comes.

Thanks for your efforts. 

@popshot
shutting off my pool, not making enough to pay for itself electric wise.  Will continue to work on a NOMP multipool paying in DMD when I have time, sorry

review:

i tested the pool found successful a block

things i see it starts with very low diff so its friendly to stratum able CPU miners

the 0% fee is a illusion because he have set 0.8 dmd withdraw fee

so u need to gather 80 DMD to have effective 1% fee which u pay at withdraw

more if u withdraw smaller amounts less if u withdraw bigger amounts

i suggest mr. miningfield reconsider his fake 0% setting
because friendly to CPU just doesnt fit to unfriendly towards small withdraw amounts

i hope he just have this high withdraw fee by mistake
maybe copy pool settings from a coin with lot coins where 0.8 is nothing

Popshot,

Understood - Everyone's response makes sense to me.  I knew I was missing something regarding the API and auto functions that Cryptsy has.  I do like useCryptos - they are so fast and it is easy to deposit and make a quick purchase.  But you are right Cryptsy is just a bit more anchored in when it comes to coin selection and deeper inner workings.  Thanks all for the continued responses/support.  Have a great Labor Day weekend to anyone celebrating.

Pokeytex