I'm supporting this coin because I like the idea of a rare coin, but I also sold all my coins because of the bad exchange rate... as I already mentioned in another thread, DMD should be worth 4 or 5 times more than BTC. But what's the exchange course? 0.00026000 on Coins-E (Cryptsy was down )... absolutely undervalued compared to their max coins (4,38 Mio.). I've to pay $0,38 per kW/h, thus it's not worth mining DMD with the current exchange course...
The first thing I thought was.... yes finally a real alternative to BTC and a coin not as inflationary as BTC because there are only 4,38 coins. I saw BTC as the "real" money and DMD the real Diamond. It's sad to see such a great coin with such a bad acceptance and exchange course...
Did I alredy mentioned that I like Diamonds? I'm a software developer, I'm using cryptographic functions in my applications and I already startet a (private) project called Astat [AST] (because it's "the rarest naturally occurring element" (Wiki) on earth). My specifications were as follows:
- Algorithm: Scrypt-Jane
- Coins total: 102 200 Coins total
- Coins per day: 10
- Coins per block: 0,25 (40 Blocks per day)
- Mining will last for 28 years (fair for PPL which start mining after some years)
- No bonus blocks
- Of course, no premine
That's the intention behind my own coin (really really rare - only 0,0048% compared to BTC). I would like to help to restart or recreate DMD, but my problem is that I've no expiriences maintaining a coin and that's also the problem of my own coin. The problem of the most alt-coins is, that there no real community or team behind the coin... the coins are posted here on bitcointalk, probably has a homepage, created in one or two days, mined for 3 or 4 weeks (until they are unprofitable) without no long term support or team which is responsible for the coin or tries to increase their acceptance. Additionally I never read anything about DMD, JPC, STR or the most other alt-coins on BTCe, Bitsamp, Vircurex or some other, large and popular exchanges. Newcomers know BTC and probably LTC, but nothing about other coins... how should they know that there're more, other (rarer) coins? As Pmalek already mentioned, DMD needs a team, a forum, avatars like other coins, blog entries AND... a service accepting DMD-payments. Finally... DMD needs more press articles and services/shops!
I think you should be on the team! And I like you guys for not wanting to let this coin disappear.. I would help too, but as I said I am just a noob in programing and developing. But this is the right way we are going...
One question: How does coin takeover work?