Topic: Diamondback (Read 11224 times)

This project has died?

Being conscious not to seem as if I am preaching from some sort of Ivory tower, I try to avoid making blanket statements about my views of the Crypto sphere. Things come up and within the delicate space that we are in it is difficult to have a constructive debate about their significance or effect without causing non thoughtful comments.

With this in mind I would like to suggest listening to the entire sound bite HERE.

If you have read more than one or two of my posts, you will know that I have mentioned OpenTransactions. I have been following their development for more than a year now, so not from the beginning.

Opentransactions is my inspiration for starting and launching the Cryptos I have.

Using the word corporate within crypto terms is close to sacrilege, but being able to pass things from generation to generation requires an understanding that know two Parts of any economy can ever be controlled by one entity. Each and every one involved needs to be accountable.

This is why I have chosen first generation protocols to create a second generation experience, this cannot be achieved with a single crypto with its own trading platform and reliant coloured coins.

An Ideal would be the following
1.   Exchanges that serve as gateways to notaries( Cryptos have built in stability measures)
2.   Notaries or federated servers will hold and stand surety for individual servers
3.   Anyone with an amount of Diamondback/Silverback will be able to place that with the Notaries and set up shop (private servers) to trade within those limits.
 
  Within the discussion it is safe to say that I am more in tune with the first part than the second, but have one or two differences, as with the second part where I agree on one or two.

Opentransactions Blog

In simple terms, when the hash rate rises a lot, blocks are mined quicker than the 382 secs its meant to, because the diff is low in relation to hashrate. When the hash rate Drops there is a period of readjustment, this is what is happening now.

I've mined for hours with hashrate of 1K,but no DBK received at all .
WHY?

Think they have gone then, I will have to take them out. I sent you a pm

can't access to dbk.darktech.org

At Present I am busy building this site rhinoscantjump.com, I am using wordpress to set up a basic forum. but would like some input or if anyone feels it lacks anything, let me know. It is not anywhere near done but its there to check out

A internal exchange thread has been started here

here

Pls do it dev, i will follow you.

Perhaps the following will be acceptable.

I have the most too loose if there are any discrepancies in trades that may go wrong. So I will start a thread on the marketing section of Altcoins.

You can pm me and let me know what and how much you would like to trade. Or you can post it on the thread.

If through pm an agreement is reached on a trade, the interested parties’ pm me.

The seller sends me the Diamond or Silverbacks. I then confirm to the Purchaser that I have received agreed amount

The purchaser sends me his payment crypto of choice, I would say the crypto with a web wallet would be best.

If it is not above 20 Diamondback or 20 000 Silverback I will guarantee the sale to the purchaser. If I need to leave that amount in escrow somewhere that is fine.

Its straight forward escrow, but escrow services won’t work without Block explorer. The amount I leave in escrow as guarantee, should be easy to do without need for explorer.

Thoughts?

Silverbacks and Diamondbacks form the backbone of the outback, they are the go between Existing Altcoins and ideally will be available on multiple exchanges. They should be what people see as investing in the economy. It is important to start getting a value for them.

Yeah dev, we must have roadmap and development plan.

To be a truly independent crypto economy is the main ambition and what separates the cryptos on what for now is known as the Outback. To create and build a base to build on that will not follow the same route as before requires a new outlook.

For the past week or so I have been working on creating a marketplace that is unique. It requires a departure from what has become the norm and therefore I need to have all the pieces on place.

I have been exploring the idea of having time zone trading floors(exchanges). What does that mean?

With current technology, it would seem logical to have a single exchange that is automated and online 24/7, I believe having trading floors that open and close have many advantages.

Firstly, every floor is cleared at the end of trading, meaning that nobody can store or leave their cryptos in storage.
Secondally, managing and executing withdrawals and deposits. This can be done in a more hands on way and issues can be dealt with in near real time.

Both of the above can also serve as an added layer of security. The Outback will not have closed doors to Established cryptos or fiat, as well as Nxt. The Trading floors will also need to fill the function of gateways.

As in the real world, There will be an opening time and a closing time, and there will be a slight overlap.

There will have to be a heavy vetting processes, to get 3 or 4 safe trading floors, but will start with one and expand from there. 
 
This week there was some positive news regarding a block explorer, And once I have ironed the finer details I will post a more detailed roadmap for making this possible.

The way Diamondback and Silverback were designed or as follows.

The will be +/-1000 times more Silver than Diamond, Diamondback has 3 decimals. So there is no attraction for mining satoshis This is designed to make Mining harder and the reward more valuable. It creates a distinct value difference.

The difficulty is slowly creeping down and will stabilize. It will always go up faster than it comes down.

what would you possibly except a pool owner to do about this? lol

This is a difficult one

Seriously though, any adjustment or tweeking will quickly be undone by Network hash Increase. I have been in discussion and am trying to get Diamondback onto more pools. this will immediatly level the playing feild.

Agree with you except one thing : diff it TOO HIGH for network hash rate. Neither dev or pool owner do nothing about that.

At the risk of stating the obvious, exchanges will need to have a block explorer for security reasons, and to use as proof or settle any disputes that can come up.

You post on chainradar is appreciated, as the fact that readytorock is working on an explorer is great news

ta

DBK is really good coin. Hard to mine, daemon blockchain sync good and fast, no error. Diamondback have a good pool support (Extremepool). Payment good and fast.
I think no reason that's DBK still no exchange now.