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Title: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on June 13, 2015, 08:57:16 AM Hey guys,
I ve got a lot of experience with PoS, been involved into staking for almost a year. I strongly believe as soon as KnC produces these solar powered 16nm miners, PoW mining diff s gonna skyrocket so much and the only people who ll be able to continue mining are whales and ASIC producers. This means PoS and staking will take the role of mining for ordinary home miners. All in all, I think getting into staking is a smart thing to do. Regarding coin selection, one needs to be very careful when choosing which coins to stake A few things to consider: 1 ) How old is the coin and how long is their rollout plan? I personally choose coins at least 1 year old, possibly 2 years. If the coins s been around that long, this means there is a devoted dev team behind it and not only people who want to cash out and run. Coin rollout plan is related to how long in the future they plan to introduce new stuff and develop the coin. If there is a long term plan posted by the dev team on their pages, this is something to consider. 2) Premine. If there is premine, avoid the coin. These coins are generally set up by their dev teams to push the price up and then unload their premined coins and run. 3) Staking rate. I choose coins with up to 60-80% stake rate per year max. Those with 500-1000%, well this simply is not sustainable. Again, I m searching for coins I can keep holding and profiting from them in 2-5 years time. 4) Inflation control and the total number of coins available. This is very important. A good PoS coins MUST have a great way to keep supply and the number of coins under control. Coins with unlimited supply or coins with max supply of 1000000000000+ are usually not a good choice. Coins with medium quantity and high market capitalization are the best option. 5) Market capitalization, that is the number of coins available x the price. This shows the real stength of the coin, especially if this market cap s been rising over time. This means the coin s becoming more and more expensive, under condition the quantity s under control. 6) Liquidity. There s no point of holding a coin which you cannot sell. Generally, anything around 2BTC per day is satisfactory. The more the better. 7) Home page. If the home page is non existent or very amateurish, this might mean the coin is usually one man team or lacking a sufficient financial support to develop a professional home page. Who wants to invest into a venture without a home page containing the most important info. Transparency is very important. My favorite coins, based on all these recommendations is DMD Diamond coin. Here is the page if someone s interested: https://bit.diamonds/ Here is also Bittrex page: https://bittrex.com/Market/Index?MarketName=BTC-DMD The quanitity s only 4.38 mill, the price went up almost 100% compared to two months ago and the dev team s very active and honest. There is a nice cloud mining promotion on their website and annual PoS interest rate is 25%. This means if you hold and stake 100 coins, u get to another 25 per year as interest. Here is the link: https://bit.diamonds/community/index.php/topic,113.0.html Again, I m a bit biased towards DMD Diamond since I hold it for a long time and it has never disappointed me. There are several other interesting coins which satisfy most of criteria I ve posted here and I do consider differentiation important. Update: I have also invested into Flycoin recently. Fly is a coin with a lot of innovations, if you re into PoS, I suggest to take a look, especially anti-dump and Superfly options. Here is the main thread: https://bitcointalk.org/index.php?topic=1316737.0 I hope this helps. Do not hesitate to contact me in case anyone s got more questions on the topic. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: b-trading on June 13, 2015, 10:33:39 AM Could you advice some others POS Coin for staking beside DMD Diamond. I do really have an interest about Staking
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on June 13, 2015, 11:18:19 AM Could you advice some others POS Coin for staking beside DMD Diamond. I do really have an interest about Staking Sure, pls PM me and I ll gladly share my personal distribution. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: bittamak on June 13, 2015, 11:34:38 AM Good points...I have also invested in DMD. ...Any other recommendations....sending you pm if you don't mind!
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: shveicar on June 13, 2015, 04:06:56 PM Good review. I agree that you should not invest in coins the number of which has no clear meaning.
This is as paper money are printed to infinity, depending on the wishes of the government. I think that the diamond looks attractive financial instrument, although it has at the moment a small market. But this is understandable, since the coins will only be 4.38 million and currently produced just 1.08 million diamonds. Also add that never buy coins marked * or ** Tagged on the site http://coinmarketcap.com/ This coins from puppeteers and created for get rich quickly his developers. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on June 16, 2015, 05:40:45 AM Well, the number of PoS coins is going to grow as PoW diff continues to go up and home miners start searching for alternatives. This is why it is important to choose the good ones to stake.
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: www.www on June 16, 2015, 08:42:57 AM I absolutely agree with your vision for the future PoS coins. Do not turn your eyes away from the developers abandoned coins. They are so cheap now what is the absolute investment potential. The main indicator of a functioning network. I support one of these coins. It is GB. Surreptitious advertising. ;D However, take a look.
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: avatar_kiyoshi on June 18, 2015, 10:02:50 AM Nice share! With mining situation like this now, PoS is good choice.
AFAIK amber coin is legit right? But I must have 10000 coins before I ready for stake CMIIW Also I want to hear about legit altcoin which legit and easy to stake, shoot me with PM is not problem ;) Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on June 18, 2015, 06:18:28 PM Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Flep182 on June 20, 2015, 09:31:46 PM Nice share! With mining situation like this now, PoS is good choice. AFAIK amber coin is legit right? But I must have 10000 coins before I ready for stake CMIIW Also I want to hear about legit altcoin which legit and easy to stake, shoot me with PM is not problem ;) Problem with staking is that you need to leave the wallet open. In that sense, PoW also has it flaws, but has a more solid distribution if you start factoring in a lot of "noobs". Because depending on userfriendlyness, a lot of those will be joining (even more). For example, my mum won't have her wallet open all the time, even if she made use of a coin every day for small payments. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on June 21, 2015, 05:41:10 AM Nice share! With mining situation like this now, PoS is good choice. AFAIK amber coin is legit right? But I must have 10000 coins before I ready for stake CMIIW Also I want to hear about legit altcoin which legit and easy to stake, shoot me with PM is not problem ;) Problem with staking is that you need to leave the wallet open. In that sense, PoW also has it flaws, but has a more solid distribution if you start factoring in a lot of "noobs". Because depending on userfriendlyness, a lot of those will be joining (even more). For example, my mum won't have her wallet open all the time, even if she made use of a coin every day for small payments. This is not true. You can open your wallet and stake once a week or once a month if you like. In the meantime, even offline, your coins gain age and once you unlock your wallet, they stake. So, in this sense, PoS is much superior to PoW. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Flep182 on June 21, 2015, 02:44:15 PM Nice share! With mining situation like this now, PoS is good choice. AFAIK amber coin is legit right? But I must have 10000 coins before I ready for stake CMIIW Also I want to hear about legit altcoin which legit and easy to stake, shoot me with PM is not problem ;) Problem with staking is that you need to leave the wallet open. In that sense, PoW also has it flaws, but has a more solid distribution if you start factoring in a lot of "noobs". Because depending on userfriendlyness, a lot of those will be joining (even more). For example, my mum won't have her wallet open all the time, even if she made use of a coin every day for small payments. This is not true. You can open your wallet and stake once a week or once a month if you like. In the meantime, even offline, your coins gain maturity and once you unlock your wallet, they stake. So, in this sense, PoS is much superior to PoW. Ah, so keeping it open after a week until you hit a block and closing it would be enough? Because I had that my silkcoin wallet had a big serie of small hits throughout the day all the time. So I assumed I would lose a lot of the dust by closing it for longer times. That's what the thread for the coin said back then. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on June 21, 2015, 08:59:19 PM Nice share! With mining situation like this now, PoS is good choice. AFAIK amber coin is legit right? But I must have 10000 coins before I ready for stake CMIIW Also I want to hear about legit altcoin which legit and easy to stake, shoot me with PM is not problem ;) Problem with staking is that you need to leave the wallet open. In that sense, PoW also has it flaws, but has a more solid distribution if you start factoring in a lot of "noobs". Because depending on userfriendlyness, a lot of those will be joining (even more). For example, my mum won't have her wallet open all the time, even if she made use of a coin every day for small payments. This is not true. You can open your wallet and stake once a week or once a month if you like. In the meantime, even offline, your coins gain maturity and once you unlock your wallet, they stake. So, in this sense, PoS is much superior to PoW. Ah, so keeping it open after a week until you hit a block and closing it would be enough? Because I had that my silkcoin wallet had a big serie of small hits throughout the day all the time. So I assumed I would lose a lot of the dust by closing it for longer times. That's what the thread for the coin said back then. If you keep it open 24/7 u ll stake smaller amount cause you coin are not very mature. If you keep it closed for a month, your coins will be mature and you ll stake for the entire month during 1-2 days. So, no real difference, it s up to the user, nothing s being lost if you do not have you wallet open all the time. Btw, DMD cloud promotion offering 60% ROI the moment you invest will end on July 13. Just a few more days for you guys to take this opportunity. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: CoinCajigger on June 21, 2015, 09:09:07 PM great post, thank you for sharing this. i'm very interested in PoS coins and staking to earn more so this a good starting point. definitely going to look at DMD
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on June 26, 2015, 07:01:20 PM Just above 2 week until 2nd DMD Diamond birthday.
This also shows how stable this coins is. How many alt coins you know, besides the big 5, which have been around long enough to reach year 3? Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: shveicar on June 28, 2015, 08:19:31 PM I think 50% per annum is a very good reason for that would be in the game.
Neither bank deposit is not provide this level of income. Even successful speculation with Bitcoin, at current prices will not bring a profit as diamond POS mining. And every 1000 diamonds will bring you income ~ 10 DMD each week. 10000 diamonds is ~ 15 DMD per day. This is equivalent to earnings with good mining farm. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on June 29, 2015, 07:15:05 PM 10.september 2014
https://i.imgur.com/Vkhllzb.png 29.june 2015 https://i.imgur.com/F9KjyJm.png really no more promotion is required, let me just show you these facts. September 2014 compared to June 2015, price comparison. DMD/USD 0.0685 -> 0.2731+398% DMD/BTC 0.00014 -> 0.00108 +771% Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Flep182 on June 30, 2015, 12:00:46 PM 10.september 2014 https://i.imgur.com/Vkhllzb.png 29.june 2015 https://i.imgur.com/F9KjyJm.png really no more promotion is required, let me just show you these facts. September 2014 compared to June 2015, price comparison. DMD/USD 0.0685 -> 0.2731+398% DMD/BTC 0.00014 -> 0.00108 +771% This looks good. Let me have a look ;) Have some BTC idling at the moment, why not try this on the side ;) Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on June 30, 2015, 04:32:14 PM 10.september 2014 https://i.imgur.com/Vkhllzb.png 29.june 2015 https://i.imgur.com/F9KjyJm.png really no more promotion is required, let me just show you these facts. September 2014 compared to June 2015, price comparison. DMD/USD 0.0685 -> 0.2731+398% DMD/BTC 0.00014 -> 0.00108 +771% This looks good. Let me have a look ;) Have some BTC idling at the moment, why not try this on the side ;) It does not get better then this. Also, all this is excluding 50% PoS annual interest rate. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crunck on June 30, 2015, 06:41:34 PM Interesting thread :)
Looking at DMD now Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on July 01, 2015, 05:04:33 AM I d say the most interesting PoS coin by far. No pumps, no dumps, no premine, no scammers, just steady growth.
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on July 02, 2015, 06:12:17 AM Well, I told you guys this coin s extremely interesting. The price went up over 100% in the last 24 hours.
I m telling you again, DMD Diamond s going to double in price again in a couple of months time. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: maokoto on July 04, 2015, 03:16:38 PM I am totally newbie to staking, have some Hyperstake and Mintcoin and just downloaded Diamond, but I do not know really how it works.
For example Hyperstake says that 8.8 hours minimum stake, after buying some coins, they give me an estimate of 150+ days :-[ besides this, the guides talk about unlocking wallet, gaining weight, block sizes.... I cannot understand and do not really know how I will gain more coins. Similar with mintcoin, cannot foresee how much time would it get to mint some. Can you explain how it is with diamond? It is just hold to coins and they will be multiplied? how much will it take? Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on July 04, 2015, 06:46:03 PM I am totally newbie to staking, have some Hyperstake and Mintcoin and just downloaded Diamond, but I do not know really how it works. For example Hyperstake says that 8.8 hours minimum stake, after buying some coins, they give me an estimate of 150+ days :-[ besides this, the guides talk about unlocking wallet, gaining weight, block sizes.... I cannot understand and do not really know how I will gain more coins. Similar with mintcoin, cannot foresee how much time would it get to mint some. Can you explain how it is with diamond? It is just hold to coins and they will be multiplied? how much will it take? Sure, it would be my pleasure. DMD Diamond wallet is a bit more advanced then most of other PoS coins wallets. All you need to do it get coins, place them in a wallet and leave them there. No need to split block, group coins, worry about difficulty, calculate mint age, etc. The wallet does it all for you. The only rule is not to move the coins from the wallet or you will reset your mint age. About staking periods, the minimum staking time is 9 days. You can get coins, close your wallet and open it for mining once every two weeks, once a month, whatever you like, the wallet will calculate your mint age and stake accordingly. Very simple and very profitable. DMD Diamond s also got very unique inflation control system which prevent overproduction of coins, you can get more info on the home page or main BTT thread from my sig. About staking results, at current PoS rates, 1000 DMD stake just above 40 new DMD a month. Once more thing, since DMD Diamond s a very old coin, 2 years old, it s got a bit long blockchain, due to many transactions. It s gonna take you about 2 days to sync from 0, this is normal and you need to do it only once. Hope this helps. Cheers. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on July 07, 2015, 07:38:17 PM 2nd DMD Diamond bday is almost here, less then a week to go.
There is 2nd anniversary birthday cake competition currently running where you can win 250 DMD. Take a look if interested, https://bit.diamonds/community/index.php/topic,120.0.html Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Flep182 on July 08, 2015, 07:11:18 AM Just installed it a week ago and now opening it every now and then. Is there a plan to release a client that does not need the full blockchain? Because for example Multibit needs a hard reset every month or two but saves ages when not opened for a week or two. Diamond wallet takes roughly 5 minutes to just -start- syncing :)
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: SebastianJu on July 08, 2015, 07:59:45 AM Nice share! With mining situation like this now, PoS is good choice. AFAIK amber coin is legit right? But I must have 10000 coins before I ready for stake CMIIW Also I want to hear about legit altcoin which legit and easy to stake, shoot me with PM is not problem ;) Problem with staking is that you need to leave the wallet open. In that sense, PoW also has it flaws, but has a more solid distribution if you start factoring in a lot of "noobs". Because depending on userfriendlyness, a lot of those will be joining (even more). For example, my mum won't have her wallet open all the time, even if she made use of a coin every day for small payments. This is not true. You can open your wallet and stake once a week or once a month if you like. In the meantime, even offline, your coins gain maturity and once you unlock your wallet, they stake. So, in this sense, PoS is much superior to PoW. I know you mostly speak about DMD but thats not the case for all pos coins. Most of them only stake when your wallet is connected and you lose staking when youre not. Thats why pool staking or having a server is best for these coins i think. Another thing you might want to mention, that i only learned lately, is that the price of altcoins often dont react on the price of bitcoin. So btc-dmd would most probably not adjust to a rising or falling bitcoin price. In theory it should, but it doesnt. So holding small altcoins mostly is like holding bitcoins on top. When bitcoins rise you will earn on top but when they drop you might make minus even though you stake or altcoin price is rising. Might happen. Though there are some coins you can use to secure yourself against the bitcoin price. Though those arent pos coins i believe. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: cyberpinoy on July 08, 2015, 01:59:32 PM I know you mostly speak about DMD but thats not the case for all pos coins. Most of them only stake when your wallet is connected and you lose staking when youre not. Thats why pool staking or having a server is best for these coins i think. Actually in order to actually "Stake" every wallet must be connected to the network, once you have staked you can then turn the wallet off and wait again until the coins have matured so you can Stake again. The benefits of joining a pool are not so much the fact we are connected to the networks but the fact you have the ability to gain more in returns, where your wallet may stake once a week, by adding your coins with ours you have the ability to possibly stake 10 times a day allowing you to earn much more in the long term of things. You will not necessarily "lose" any stake actually, you have to know the coins you are staking, coins have a max age/weight. Watching this will really tell you the best time to be opening your wallet :) Other wallets have a reward based on something totally different its really a matter of the coin and its staking mechanics (passive, competitive, compounding, flat rate) not so much the time elapsed between when you open and close your wallet. Another thing you might want to mention, that i only learned lately, is that the price of altcoins often dont react on the price of bitcoin. So btc-dmd would most probably not adjust to a rising or falling bitcoin price. In theory it should, but it doesnt. So holding small altcoins mostly is like holding bitcoins on top. When bitcoins rise you will earn on top but when they drop you might make minus even though you stake or altcoin price is rising. Might happen. Actually history has proven Altcoin prices are heavily impacted by the value of BTC. The value of bitcoin itself is not what impacts the altcoin markets its the sell offs of the alts to recoupe the losses people see in the value of BTC. As BTC drops people sell (lets say DMD) they will sell a portion of their DMD portfolio to recoupe the losses they took from BTC value decrease. Because of this the DMD/BTC value goes down. As BTC rises up the opposite would happen now people have a little extra value in BTC at which point they can take their profits and buy some DMD to earn a little interest on the profit they have earned and wait for the drop again. Values of coins have absolutely no impact on the crypto markets its the buys and sells that impact the markets and their values. Though there are some coins you can use to secure yourself against the bitcoin price. Though those arent pos coins i believe. POS coins will be the future, POW coins have a lot of flaws ahead of them in terms of userfriendlines, transaction times, difficulty rises, and mining efficiency, all of which will drastically impact the value of that coin. Look at right now for example, I can buy a new computer from crazyivan for 1 BTC it could take up to 2 hours for him to get the BTC with their transaction times (and dont quote any stats from blockchain.info i'll use real time experience not a biased chart that has misleading information) (EDIT: example I just sent 2 transactions 25 minutes ago, I sent one in bitcoin first "HIGH PRIORITY", to an investor requesting a fast withdraw, and one in Netcoin to our wallet, the funds from the Netcoin transaction have confirmed and are there, the BTC transaction has not had even 1 confirm in 25 minutes and its high priority) So from real user experience, it takes 30 minutes to 2 hours for an actual bitcoin transaction to go thru and be confirmed. Or I can send him 652 DMD for the computer and the transaction will be completed in less than 10 minutes. This is where adaptation comes in, who wants a coin that's going to take up to 2 hours to confirm when I can use one that takes less than 10 minutes. How is using POS coins more beneficial to the seller than using POW coins? Well in our example, now crazyivan has 652 DMD he can break down into 3 blocks and put them in his wallet and he can actually earn a bit of extra profit on the coins he just accepted, if he puts his bitcoin in his wallet 3 weeks later he will still have 1 BTC. POS coins are a great utility for businesses actually as they can set their wallets up to stake and earn profits on the coins they accept after the sale of their products. This is something POW coins can not do. So in conclusion if you accept a non POS coin and the value drops before you sell them off you take a chance of loosing some of your profit on the product you just sold, where as if you accept a POS coin and stake on those coins before you sell them off, if the value drops a little bit you may have earned enough in the staking to recoupe that dip in price and put you even farther up in profits even tho the price fell. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: SebastianJu on July 08, 2015, 10:54:09 PM I know you mostly speak about DMD but thats not the case for all pos coins. Most of them only stake when your wallet is connected and you lose staking when youre not. Thats why pool staking or having a server is best for these coins i think. Actually in order to actually "Stake" every wallet must be connected to the network, once you have staked you can then turn the wallet off and wait again until the coins have matured so you can Stake again. The benefits of joining a pool are not so much the fact we are connected to the networks but the fact you have the ability to gain more in returns, where your wallet may stake once a week, by adding your coins with ours you have the ability to possibly stake 10 times a day allowing you to earn much more in the long term of things. I see i wrote my sentence not correct. I mean that not all pos coins are maturing so that you can stake more once you put your wallet online. Some, for example clams, only stake when you are online. Being offline does not give you an advantage. For those coins its best to stay in a pool since they will make sure to be online all the time. Having many coins doesnt bring much more reward because of lower variance. Over time it should be similar with solomining. Though of course a pool has a bigger chance of orphaning other blocks. Of course there are the coins too that you mean, where you can earn more by manipulating blocks and staking overproportional more with more coins. You will not necessarily "lose" any stake actually, you have to know the coins you are staking, coins have a max age/weight. Watching this will really tell you the best time to be opening your wallet :) Other wallets have a reward based on something totally different its really a matter of the coin and its staking mechanics (passive, competitive, compounding, flat rate) not so much the time elapsed between when you open and close your wallet. Another thing you might want to mention, that i only learned lately, is that the price of altcoins often dont react on the price of bitcoin. So btc-dmd would most probably not adjust to a rising or falling bitcoin price. In theory it should, but it doesnt. So holding small altcoins mostly is like holding bitcoins on top. When bitcoins rise you will earn on top but when they drop you might make minus even though you stake or altcoin price is rising. Might happen. Actually history has proven Altcoin prices are heavily impacted by the value of BTC. The value of bitcoin itself is not what impacts the altcoin markets its the sell offs of the alts to recoupe the losses people see in the value of BTC. As BTC drops people sell (lets say DMD) they will sell a portion of their DMD portfolio to recoupe the losses they took from BTC value decrease. Because of this the DMD/BTC value goes down. As BTC rises up the opposite would happen now people have a little extra value in BTC at which point they can take their profits and buy some DMD to earn a little interest on the profit they have earned and wait for the drop again. Values of coins have absolutely no impact on the crypto markets its the buys and sells that impact the markets and their values. You mean value balancing? I observed clams a bit but i didnt see that they react on the btc price. With rising bitcoin price the btc-clam price should be lowering but it didnt happen. So when holding altcoins you might always have the risk of holding bitcoins at the same time. Which means you have to observe both prices if you dont want to lose. Though there are some coins you can use to secure yourself against the bitcoin price. Though those arent pos coins i believe. POS coins will be the future, POW coins have a lot of flaws ahead of them in terms of userfriendlines, transaction times, difficulty rises, and mining efficiency, all of which will drastically impact the value of that coin. Look at right now for example, I can buy a new computer from crazyivan for 1 BTC it could take up to 2 hours for him to get the BTC with their transaction times (and dont quote any stats from blockchain.info i'll use real time experience not a biased chart that has misleading information) (EDIT: example I just sent 2 transactions 25 minutes ago, I sent one in bitcoin first "HIGH PRIORITY", to an investor requesting a fast withdraw, and one in Netcoin to our wallet, the funds from the Netcoin transaction have confirmed and are there, the BTC transaction has not had even 1 confirm in 25 minutes and its high priority) So from real user experience, it takes 30 minutes to 2 hours for an actual bitcoin transaction to go thru and be confirmed. Or I can send him 652 DMD for the computer and the transaction will be completed in less than 10 minutes. This is where adaptation comes in, who wants a coin that's going to take up to 2 hours to confirm when I can use one that takes less than 10 minutes. Thats right. Im not sure though if bitcoin will become obsolete once. I believe pos-coins have their own flaws though they dont come to mind now. How is using POS coins more beneficial to the seller than using POW coins? Well in our example, now crazyivan has 652 DMD he can break down into 3 blocks and put them in his wallet and he can actually earn a bit of extra profit on the coins he just accepted, if he puts his bitcoin in his wallet 3 weeks later he will still have 1 BTC. POS coins are a great utility for businesses actually as they can set their wallets up to stake and earn profits on the coins they accept after the sale of their products. This is something POW coins can not do. Thats correct. But no one should forget that pos-coins broke already often in the past. Its not like they are a so stable currency like bitcoin. Most might be stable but they are a bit riskier. Thats something to keep in mind when using them. So in conclusion if you accept a non POS coin and the value drops before you sell them off you take a chance of loosing some of your profit on the product you just sold, where as if you accept a POS coin and stake on those coins before you sell them off, if the value drops a little bit you may have earned enough in the staking to recoupe that dip in price and put you even farther up in profits even tho the price fell. Thats right. Though theoretically staking should lead to inflation, price should adjust to the amount of new coins. Though thats not happening for most coins for some reason. Guess its the peoples believe in the price. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: cyberpinoy on July 09, 2015, 01:28:15 AM I see i wrote my sentence not correct. I mean that not all pos coins are maturing so that you can stake more once you put your wallet online. Some, for example clams, only stake when you are online. Being offline does not give you an advantage. For those coins its best to stay in a pool since they will make sure to be online all the time. Having many coins doesnt bring much more reward because of lower variance. Over time it should be similar with solomining. Though of course a pool has a bigger chance of orphaning other blocks. Of course there are the coins too that you mean, where you can earn more by manipulating blocks and staking overproportional more with more coins. Clams are in a bracket of POS all thier own. To understand POS, using Clams as an example is the worst coin to use,. The mechanics of Clams is not like most POS coins, so the information you have is not based on the basic mechanics of POS it is based on clams and this is why you are so confused as to how POS functions in a larger aspect of things. The fact you believe holding more coins will not gain you higher rewards faster tells me you have a lot to learn about the real mechanics of POS coins. Here is an example you buy 100 DMD put it in a wallet and just leave it connected, Ill buy 10,000 DMD and do the same who do you think will earn more coins staking after a 2 month period? You do not manipulate a block, I really hate that terminology, no one is "manipulating" anything its called structuring. We are structuring blocks we dont manipulate them, its not like once you make a block you can change that value without effecting the age or maturity of the coin, to Manipulate a block there must be some unfair or unscrupulous action going on, what we do is structure the blocks in sizes that allow us to gain maximum rewards in the fastest amount of time. which is what all real stakers are attempting to do. You mean value balancing? I observed clams a bit but i didnt see that they react on the btc price. With rising bitcoin price the btc-clam price should be lowering but it didnt happen. So when holding altcoins you might always have the risk of holding bitcoins at the same time. Which means you have to observe both prices if you dont want to lose. As I stated before the value of one coin is not based on the value of another coins market, it is based on the buys and sells of that particular coins market. if there is no movement on a market of a coin that is because no one is buying or selling it. If you see bitcoin value increase dramatically and an altcoin value does not rise in a day or two, this means investors in that altcoin market are not investing their BTC profits to buy into that market (this should tell you where that coins stands in the overall scheme of things) As you pointed out, there is a lot a trader can see from watching the markets. BTC is your basis, it is the gold of the crypto exchange, it tells you a lot about other coins and their value than just a bunch of numbers after a decimal place. Thats right. Im not sure though if bitcoin will become obsolete once. I believe pos-coins have their own flaws though they dont come to mind now. Bitcoin may never become "obsolete" but the flaws it is facing will hold it back and possibly move it out of popularity, once that happens the bitcoin developers will finally fix the real problems of bitcoin, and this new "No Fork" policy they have tried to implement will be abolished all together. Because in order to fix Bitcoin right now it is going to take a hard fork update. Thats correct. But no one should forget that pos-coins broke already often in the past. Its not like they are a so stable currency like bitcoin. Most might be stable but they are a bit riskier. Thats something to keep in mind when using them. hmm I have only one comment to this. https://bitcoin.org/en/alert/2015-07-04-spv-mining that about sums up that assessment of POS being broken in comparison to Bitcoin. And FYI in POS you will soon find out when something is broken the developers actually work together to fix it, I have been in a hangouts with 5 or more developers from 5 different coins working on a situation they found in the code and working together to fix the problem. Thats right. Though theoretically staking should lead to inflation, price should adjust to the amount of new coins. Though thats not happening for most coins for some reason. Guess its the peoples believe in the price. It is not happening because more and more people are realizing the true benefits of using POS coins. From the benefits of profits on sold products to the efficiency of mining them awareness is spreading like wildfire. As you saw in my post above its much easier to use an altcoin than it is Bitcoin. Transaction times are faster, the benefits are much bigger and mining them is more efficient. As most newbies in POS you have a misguided understanding of POS coins in a large aspect of longevity. POS coins have inflation controls built in. If you find one that does not have some kind of inflation control built in than its not a coin to be using. FOR POS you do not need a huge Premine at all, its good to stat one as a POW/POS hybrid to jump start the chain, then offer a big reward phase in the first year of the launch then you will notice all good POS coins have some kind of diminishing reward system in place. Each one is a little bit different based on what the overall goals are for each coin. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: SebastianJu on July 09, 2015, 03:26:53 PM I only mean... the markets btc-poscoin mostly dont react on moves in the btc market. In fact, when these poscoins would have a fixed value they would get a lower value when bitcoin goes up and a higher when it goes down. Though that does not happen as far as i see.
So what everyone would need to watch about is that the bitcoin price is stable. It doesnt make sense when the bitcoin price is dropping by 25% in a week and your 100 pos coins are still worth the same amount of bitcoins. All the staking would be useless then. You would need to be very careful about what you hold, you not only need to observe the btc-poscoin price but the btc price on top. Otherwise you can lose fast and your portfolio only has risen on the paper. My observation so far. And the forks (2 happened) are nothing that can risk bitcoin in total. Bitcoin wont break down to zero over night. Though that can happen with pos coins if one isnt cautious. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: cyberpinoy on July 09, 2015, 05:12:59 PM I only mean... the markets btc-poscoin mostly dont react on moves in the btc market. In fact, when these poscoins would have a fixed value they would get a lower value when bitcoin goes up and a higher when it goes down. Though that does not happen as far as i see. again NO COINS move just because the BTC USD market moves. the only reason any coins market moves is becasue something in that specific pair has been bought or sold. the only way to move the BTC DMD market is to either buy DMD with BTC or sell DMD for BTC. What on earth ever made you think buying or selling on the BTC/USD market would have an effect on any other pair than BTC/USD I just cant understand. There are no indexes in crypto exchanges yet. So altho i said BTC was the gold of crypto it was only meant as the basis of crypto not the way gold serves the foreign exchange. So what everyone would need to watch about is that the bitcoin price is stable. It doesnt make sense when the bitcoin price is dropping by 25% in a week and your 100 pos coins are still worth the same amount of bitcoins. All the staking would be useless then. ahh grasshopper the POS force is weak with you, more research on POS coins you need. You would need to be very careful about what you hold, you not only need to observe the btc-poscoin price but the btc price on top. Otherwise you can lose fast and your portfolio only has risen on the paper. You need to be just as careful when buying bitcoin, I know a lot of people who complained in this very forum because they lost all their money buying bitcoin, the difference is at least with POS coins you have a way to earn some of your losses back. You cant do that with bitcoin, you wont earn BTC by holding it in your BTC wallet now will you. So when the price falls at least you are earning a few coins here and there to make up the difference. And the forks (2 happened) are nothing that can risk bitcoin in total. Bitcoin wont break down to zero over night. Though that can happen with pos coins if one isnt cautious. And here is why we have 2 hour transaction times in bitcoin, the developers, much like the bitcoin enthusiasts, feel as long as its worth more than their level of expectancy, theres no real problem to fix. To be quite honest absolutely any coin can go to zero overnight, ANY COIN including Bitcoin, if the right people with the power to make it so wants it that way it will be that way.we can already see huge manipulations in the bitcoin market . With enough coins anyone can make any crypto coin market go to 0 overnight, its that simple. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: SebastianJu on July 09, 2015, 05:26:17 PM I only mean... the markets btc-poscoin mostly dont react on moves in the btc market. In fact, when these poscoins would have a fixed value they would get a lower value when bitcoin goes up and a higher when it goes down. Though that does not happen as far as i see. again NO COINS move just because the BTC USD market moves. the only reason any coins market moves is becasue something in that specific pair has been bought or sold. the only way to move the BTC DMD market is to either buy DMD for BTC or sell DMD for BTC. What on earth ever mad eyou think buying or selling on the BTC/USD market would have an effect on any other pair than BTC/USD I just cant understand. There are no indexes in crypto exchanges yet so altho i said BTC was the gold of crypto it was only meant as the basis of crypto not the way gold serves the foreign exchange. Why is it that you cant keep calm? You have a fiery temperament and i think its not helping you. It would be the logical step when the price of pos-coins that is noted in btc, would move when the btc-fiat price is moving. Why? Because btc is volatile and fiat is way less volatile. So at the end what matters is what you can buy with the money you have. When bitcoins drop in price, fiatwise, then that means you can buy less things, like food, cars and so on with it. When altcoins are traded against bitcoins, and these bitcoins have a lower value now, then the logical following would be that these altcoins would rise in bitcoin price when bitcoinprice is falling. Otherwise they will lose in value, together with the bitcoin. And why should these altcoins lose in value when the bitcoin price is falling? Either they have a own value or they are bound to the bitcoin price. And it seems they are bound to the bitcoin. Nothing more is what i said. So what every altcoin investor has to watch at is that this mechanism is in effect. I hope you see now what i write about. So what everyone would need to watch about is that the bitcoin price is stable. It doesnt make sense when the bitcoin price is dropping by 25% in a week and your 100 pos coins are still worth the same amount of bitcoins. All the staking would be useless then. ahh grasshopper the POS force is weak with you, more research on POS coins you need. No, when you bought 100 poscoins for 10 bitcoins. Then the bitcoin price drops 25% and the poscoins are still worth 10 bitcoins then you effectively lost 25% in value too. Take away Staking profits of course. You would need to be very careful about what you hold, you not only need to observe the btc-poscoin price but the btc price on top. Otherwise you can lose fast and your portfolio only has risen on the paper. You need to be just as careful when buying bitcoin, I know a lot of people who complained in this very forum because they lost all their money buying bitcoin, the difference is at least with POS coins you have a way to earn some of your losses back. You cant do that with bitcoin, you wont earn BTC by holding it in your BTC wallet now will you. So when the price falls at least you are earning a few coins here and there to make up the difference. And the forks (2 happened) are nothing that can risk bitcoin in total. Bitcoin wont break down to zero over night. Though that can happen with pos coins if one isnt cautious. And here is why we have 2 hour transaction times in bitcoin, the developers, much like the bitcoin enthusiasts, feel as long as its worth more than their level of expectancy, theres no real problem to fix. To be quite honest absolutely any coin can go to zero overnight, ANY COIN including Bitcoin, if the right people with the power to make it so wants it that way it will be that way.we can already see huge manipulations in the bitcoin market . With enough coins anyone can make any crypto coin market go to 0 overnight, its that simple. I only say its way more unlikely that a huge coin like bitcoin drops to zero than an altcoin where only some whales need to drop and the world is ending. Manipulations in altcoin markets are even easier than on bitcoin markets. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on July 10, 2015, 06:39:35 AM https://i.imgur.com/Cee0ZHi.png
No dumps, just steady and constant growth, take a look at the graph. True, the main is still the volume, it s not bad but it can be even better. However, this s been steadily growing too. I write all this to support my claim DMD Diamond s a long term and sustainable investment. If you want to play with volatile coins with high risk and rewards, this is not a coin for you. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on July 12, 2015, 06:57:17 PM DMD Diamond continues to grow, almost $0.6 per 1 DMD.
Let s see how long is it gonna take to reach $1. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: cryptonit on July 15, 2015, 07:28:23 PM i think this
https://www.linkedin.com/pulse/impressive-398-value-gain-9-months-helmut-siedl (written before the last raise so it would be even better now......) show pretty good why a POS and decreasing value over time is a urban legend POS is like POW a way to secure network and rollout coins following a coinrolloutplan (yes serious coins have a plan and not create their specs by what looks cool on first look) Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on July 22, 2015, 05:39:46 PM Now you can see how good was my advice. All these coins with high stake rates, Tek, Hyp, etc. have faced a significant price decrease while DMD Diamond and coins with lower PoS rate still continue growing.
Never let greed makes decisions for you. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on July 26, 2015, 05:33:04 PM We are proud to announce another online staking and cloud hashing service joining DMD Diamond family.
Paycoin.asia has decided to add DMD to its portfolio of investments. In case cloud staking is something which you might find interesting, take a look a their pages, here is the link: https://paycoin.asia/index/index.php Paycoin.asia, welcome and we wish you a lot of fun and profits. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Flep182 on August 01, 2015, 09:26:27 PM We are proud to announce another online staking and cloud hashing service joining DMD Diamond family. Paycoin.asia has decided to add DMD to its portfolio of investments. In case cloud staking is something which you might find interesting, take a look a their pages, here is the link: https://paycoin.asia/index/index.php Paycoin.asia, welcome and we wish you a lot of fun and profits. They pay out in XPY, is that the paycoin from our dear friends at GAW Miners? Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on August 02, 2015, 07:11:51 AM We are proud to announce another online staking and cloud hashing service joining DMD Diamond family. Paycoin.asia has decided to add DMD to its portfolio of investments. In case cloud staking is something which you might find interesting, take a look a their pages, here is the link: https://paycoin.asia/index/index.php Paycoin.asia, welcome and we wish you a lot of fun and profits. They pay out in XPY, is that the paycoin from our dear friends at GAW Miners? If this is not a preferable option, you can always use Stakeminers.com, they pay in BTC or stake DMD youself. These are just different options for people who like staking. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Flep182 on August 02, 2015, 12:05:17 PM We are proud to announce another online staking and cloud hashing service joining DMD Diamond family. Paycoin.asia has decided to add DMD to its portfolio of investments. In case cloud staking is something which you might find interesting, take a look a their pages, here is the link: https://paycoin.asia/index/index.php Paycoin.asia, welcome and we wish you a lot of fun and profits. They pay out in XPY, is that the paycoin from our dear friends at GAW Miners? If this is not a preferable option, you can always use Stakeminers.com, they pay in BTC or stake DMD youself. These are just different options for people who like staking. Yeah, I'd rather not get anything to do with Paycoin ;) I've been a customer of GAW and started liquidating my hashers there a month before the whole paycoin fiasco, I would rather stick to BTC or in this case DMD. I've just reopened my wallet again for a round of staking :P Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on August 04, 2015, 06:20:39 AM We are proud to announce another online staking and cloud hashing service joining DMD Diamond family. Paycoin.asia has decided to add DMD to its portfolio of investments. In case cloud staking is something which you might find interesting, take a look a their pages, here is the link: https://paycoin.asia/index/index.php Paycoin.asia, welcome and we wish you a lot of fun and profits. They pay out in XPY, is that the paycoin from our dear friends at GAW Miners? If this is not a preferable option, you can always use Stakeminers.com, they pay in BTC or stake DMD youself. These are just different options for people who like staking. Yeah, I'd rather not get anything to do with Paycoin ;) I've been a customer of GAW and started liquidating my hashers there a month before the whole paycoin fiasco, I would rather stick to BTC or in this case DMD. I've just reopened my wallet again for a round of staking :P Nice, DMD raining for you I guess. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Flep182 on August 04, 2015, 12:33:20 PM We are proud to announce another online staking and cloud hashing service joining DMD Diamond family. Paycoin.asia has decided to add DMD to its portfolio of investments. In case cloud staking is something which you might find interesting, take a look a their pages, here is the link: https://paycoin.asia/index/index.php Paycoin.asia, welcome and we wish you a lot of fun and profits. They pay out in XPY, is that the paycoin from our dear friends at GAW Miners? If this is not a preferable option, you can always use Stakeminers.com, they pay in BTC or stake DMD youself. These are just different options for people who like staking. Yeah, I'd rather not get anything to do with Paycoin ;) I've been a customer of GAW and started liquidating my hashers there a month before the whole paycoin fiasco, I would rather stick to BTC or in this case DMD. I've just reopened my wallet again for a round of staking :P Nice, DMD raining for you I guess. Well, dripping, I can still keep my head above the coinlevel ;) Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on August 05, 2015, 05:35:55 PM In addition to Russian, DMD Diamond website s translated into Chinese as well.
https://bit.diamonds/index-cn.html The promotion on Chinese forums will start soon. DMD s about to hit Chinese market. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: BitcoinNational on August 06, 2015, 03:10:09 PM I like DMD ... it's my favorite hybrid ... tops Peer and Nova.
But you guys have had a good run up ... my call is you'll need to cool your jets for a while ... but I might be wrong. If you'd like to hedge your bets trade DMD for UNO pair on cryptopia. ;) Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on August 06, 2015, 05:27:58 PM I like DMD ... it's my favorite hybrid ... tops Peer and Nova. But you guys have had a good run up ... my bet is you'll need to cool your jets for a while ... but I might be wrong. If you'd like to hedge your bets trade DMD for UNO pair on cryptopia. ;) I generally agree, DMD s not pump and dump coin and I prefer slow but constant growth over time. However, the market reacts the way it reacts. There will be another promo campaign later this month. Last time we ve had a lot of attention. Let see if we can repeat that. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on August 21, 2015, 05:28:31 PM DMD Diamond 24 hour trading volume on Cryptsy reached almost 16 BTC. A very nice day for trading.
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: cryptonit on August 23, 2015, 05:56:28 PM if u just aim for instant sell POS generated coins there are lot around
but risc is that over night u cant sell ur coins in this aspect i enjoy stability of an 2 year old coin the stability is easy proven because DMD Diamond did just this days face a dump of 3% of its total coins and did just temporary lost some value markets quick rebuilding (hint hint ideal buy in time....) thats a great prove of liquidity Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on September 02, 2015, 07:17:09 PM DMD Diamond price went 24% in the last 24 hours. :) How convenient. :)
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Flep182 on September 03, 2015, 11:10:19 AM DMD Diamond price went 24% in the last 24 hours. :) How convenient. :) Big sell going on at a certain pricepoint? Or just movement of markets? Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on September 04, 2015, 04:19:53 PM DMD Diamond price went 24% in the last 24 hours. :) How convenient. :) Big sell going on at a certain pricepoint? Or just movement of markets? Nah, the price went up 24%. Now it s more less stable. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Flep182 on September 07, 2015, 11:02:15 AM DMD Diamond price went 24% in the last 24 hours. :) How convenient. :) Big sell going on at a certain pricepoint? Or just movement of markets? Nah, the price went up 24%. Now it s more less stable. Ah, I didn't have the time to check the charts. I though you meant "24% down" with "went 24%". Up is even better. Now I'm waiting for another round of staking. Regularly the wallet says "expected in 6 hours", but still takes about 3 days before something happens. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on October 24, 2015, 04:59:46 PM Let me re-post something another DMD community member posted:
http://m.c.lnkd.licdn.com/mpr/mpr/AAEAAQAAAAAAAAOaAAAAJDViYjg5OTBiLTBkNWUtNDIyYS1hNzE3LTBhNTQ4NmU2YThmNw.png DMD is in the last year on 7th place on gain USD value with 51% gain (if u include below 1000 BTC marketcap coins 13th) and no thats not coinmarketcap its single coin price so people who staked gained 51% value each coin AND 50% coins by staking DMD Diamond total gain in $ value last 12 months 76%! (51% without staking coins)! without weak BTC the gains would be even higher because BTC in the same timeframe lost so our $ value is influenced by that too DMD Diamond total gain in BTC value last 12 months 181%! (121% without staking coins)! that alt19.com is a very interesting page i total missed that one look this interesting stats constant upwards trend just one whale buy in and one whale sell disturbed it please retweet https://twitter.com/CryptonitDMD/status/656906334856724481 https://i.imgur.com/rADu1sp.png https://i.imgur.com/H6rlKWP.png Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on November 12, 2015, 05:03:38 PM In addition to DMD, I have also invested into Flycoin recently. I think both coins are quite interesting and if you are into PoS, I suggest to take a look.
If interested, here is the main Flycoin thread: https://bitcointalk.org/index.php?topic=1154550.0 Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on December 10, 2015, 09:37:53 AM Hey guys, DMD Diamond team has prepared something unique for PoS crypto lowers and enthusiasts. Crypto industry has always been a synonym for innovation, creativity and opportunity to invest, however, recently there weren’t that many exciting things going on, until now… DMD Diamond has linked the 10 most glorious diamonds in the world to their unique counterparts in digital world. These are not mere crypto assets, these are the one of its kind Diamond Legendary 10. These crypto assets will come preloaded with enhanced capabilities and the epic feeling for their owners. Legendary 10 will constitute of 10 user selected DMD Diamond addresses which will be turned into the staking powerhouses. Value of the Legendary 10 assets is not only measured in monetary terms, because it also comes with honours, distinction and bright future. Legendary 10 address assets feature forever staking boost that multiplies wealth of this unique crypto asset’s holder. Legendary 10 will come in two options depending on needs of an owner who can choose between different stake rates. The maximum output is double the network rewards. Despite these benefits it poses no adverse effect on Diamond’s monetary plan rollout, contrary it’s there to keep it as pre-planned. Legendary 10 is fully personalised and every holder has opportunity to leave their mark on crypto history. Legendary 10 holders become a part of the Diamond network in terms of security and prestige. Being able to attract attention will be particularly sought after feature by entrepreneurial people. The possibility of transferring these assets will ensure they forever keep their value just like forever is their staking boost. Investment in Legendary 10 address asset is not only an investment in personal gain but also an investment in security, development and stability of the wider network that will back value of DMD Diamond investors’ portfolios for years to come. Legendary 10 address assets will be redistributed via auction. Bidding for each and every of these truly unique crypto assets is going to be fierce so better prepare yourself well. The auction will be split into 3 stages with 2 Legendary 10 assets will be auctioned in the 1st stage, 3 and 5 in 2nd and 3rd stage. Visit the auction page of the Legendary 10 address assets to taking part and find out more. Auction page: https://bit.diamonds/auction.html These crypto assets will form the Legendary 10 address assets that will come preloaded with enhanced capabilities and the epic feeling for their owners. Legendary 10 will constitute of 10 user selected DMD Diamond addresses which will be turned into the staking powerhouses. Become a legend and: stake up to x2 more than others shine like a beacon of excellence double secure your investment turn into a foundation of the Diamond network attract customers’ attention and more…. Just keep in mind that each of the Legendary 10 address assets will be auctioned separately, in an epic bidding battle. Only the glorious will prevail in their quest to reach the Legendary status. So waste no time and visit the auction page of the Legendary 10 for more details. Auction page: https://bit.diamonds/auction.html Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: popshot on December 13, 2015, 07:35:21 PM A quick update on the progress:
Currently Auctioned Unique Crypto Assets are http://bit.diamonds/auction/images/allnatt-diamond.jpg (http://bit.diamonds/auction.html) & http://bit.diamonds/auction/images/the-moussaieff-red-diamond.jpg (http://bit.diamonds/auction.html) in 2 Options - 3k & 15k capacity addresses with stake up to effective 100% boost. Hey guys, DMD Diamond team has prepared something unique for PoS crypto lowers and enthusiasts. Crypto industry has always been a synonym for innovation, creativity and opportunity to invest, however, recently there weren’t that many exciting things going on, until now… DMD Diamond has linked the 10 most glorious diamonds in the world to their unique counterparts in digital world. These are not mere crypto assets, these are the one of its kind Diamond Legendary 10. These crypto assets will come preloaded with enhanced capabilities and the epic feeling for their owners. Legendary 10 will constitute of 10 user selected DMD Diamond addresses which will be turned into the staking powerhouses. Value of the Legendary 10 assets is not only measured in monetary terms, because it also comes with honours, distinction and bright future. Legendary 10 address assets feature forever staking boost that multiplies wealth of this unique crypto asset’s holder. Legendary 10 will come in two options depending on needs of an owner who can choose between different stake rates. The maximum output is double the network rewards. Despite these benefits it poses no adverse effect on Diamond’s monetary plan rollout, contrary it’s there to keep it as pre-planned. Legendary 10 is fully personalised and every holder has opportunity to leave their mark on crypto history. Legendary 10 holders become a part of the Diamond network in terms of security and prestige. Being able to attract attention will be particularly sought after feature by entrepreneurial people. The possibility of transferring these assets will ensure they forever keep their value just like forever is their staking boost. Investment in Legendary 10 address asset is not only an investment in personal gain but also an investment in security, development and stability of the wider network that will back value of DMD Diamond investors’ portfolios for years to come. Legendary 10 address assets will be redistributed via auction. Bidding for each and every of these truly unique crypto assets is going to be fierce so better prepare yourself well. The auction will be split into 3 stages with 2 Legendary 10 assets will be auctioned in the 1st stage, 3 and 5 in 2nd and 3rd stage. Visit the auction page of the Legendary 10 address assets to taking part and find out more. Auction page: https://bit.diamonds/auction.html These crypto assets will form the Legendary 10 address assets that will come preloaded with enhanced capabilities and the epic feeling for their owners. Legendary 10 will constitute of 10 user selected DMD Diamond addresses which will be turned into the staking powerhouses. Become a legend and: stake up to x2 more than others shine like a beacon of excellence double secure your investment turn into a foundation of the Diamond network attract customers’ attention and more…. Just keep in mind that each of the Legendary 10 address assets will be auctioned separately, in an epic bidding battle. Only the glorious will prevail in their quest to reach the Legendary status. So waste no time and visit the auction page of the Legendary 10 for more details. Auction page: https://bit.diamonds/auction.html Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: bhokor on December 14, 2015, 11:19:44 AM thanks for the guide, it is a really recommended read for everyone starting with the altcoins
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on December 19, 2015, 07:17:04 AM Due to BTC price growth, the initial bid for this first round of DMD Legendary auction s been lowered to 2 BTC.
More info here: https://bit.diamonds/auction.html Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: coinyoo on December 20, 2015, 08:53:50 AM Thank for guide. It is good for me.
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: cryptonit on December 20, 2015, 11:09:52 PM https://i.imgur.com/GRKXoXw.png in case the opportunity is to big for u u can get at least 150 DMD by find someone who can take it https://i.imgur.com/KTX4yRI.png https://bit.diamonds/auction.html http://mountaindogdiet.com/wp-content/uploads/2014/05/check-this-out.png (first round only two legendary10 are avaiable and both have a bid already!) (The Allnatt Diamond: Unique Crypto Asset)is at 2.6 BTC https://bit.diamonds/auction/images/allnatt-diamond.jpg and other /The Moussaieff Red Diamond: Unique Crypto Asset) at 3.5 BTC already https://bit.diamonds/auction/images/the-moussaieff-red-diamond.jpg so in fact both stones of phase 1 are above starting bid of phase 2 already Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: bhokor on December 31, 2015, 01:28:44 AM What do you think about the potential of the Swagbucks and Genstake? it seems the issue is slow and at moment doing quite great in exchanges
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: incognitoworker on January 02, 2016, 10:47:45 AM What do you think about the potential of the Swagbucks and Genstake? it seems the issue is slow and at moment doing quite great in exchanges I think both have good potencial and staking both in our solutions.SwagBucks gives an usefull feature, and to build on this could be exiting to see where we end up. G3N shows also positive development and progress, and looking forward to hear more from them now in 2016. Happy staking! IW Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on January 08, 2016, 07:58:44 AM Just above 7 days until the second phase of DMD Diamond auction comes to an end.
http://bit.diamonds/auction.html Also, in two weeks, DMD Diamond PoS rate will be halved, this means DMD supply will be cut in half. Whether this might have similar effect to the upcoming BTC block halving, it s yet to bee seen. https://bit.diamonds/ Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Woody20285 on January 14, 2016, 09:10:45 PM Thank you for posting this thread. Interesting and refreshing.
Long live POS coins & DMD. Of course, Diamonds ar Forever. Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on January 15, 2016, 07:08:30 PM https://www.linkedin.com/pulse/legendary-10-uniquie-crypto-assets-dmd-diamond-forever-mesor read and share plz! ---------------------- Aleksander Mesor CEO at DMD Diamond Foundation Legendary 10 Uniquie Crypto Assets by DMD Diamond - Forever stake, Forever glory January 15, 2016 Blockchain a distributed ledger that maintains a continuously growing list of transactional data records that cannot be forged was the innovation that had changed and disrupted long held paradigms in banking, financial markets and legislation. This brave new challenger, not only facilitated peer-to-peer cross border remittance without central oversight, delivering banking services to the unbanked, but also as a storage of data leading to timestamping services and smart contracts. The industry that has developed around blockchain technology has become a synonym for innovation, creativity and opportunity to invest. Monetary aspect of Bitcoin can be particularly interesting to investors. Normally, mainstream investors are always looking to put money into different assets to satisfy their diversification needs. Equity investors often maintain a certain percentage of their portfolios in slightly unrelated asset classes such as precious metals or real estate. A small proportion of such investors are also attracted by diversification into assets like artworks, antiques, and old coins. These classes are usually seemingly unaffected by today’s global turbulence. With the arrival of blockchain technology there is another asset class a cryptocurrency called DMD Diamond that strives to become a digital storage of wealth. Currencies are inherently exposed to volatile market forces and cryptocurrency projects just like ordinary companies have to perform well in order to keep their stock value high. This might not be of such a problem to developers, however, to investors it’s one of the main concerns. There is a wide spread problem with creating a lasting value which is why DMD Diamond Foundation created collectible items known as the Legendary 10 Unique Crypto Assets. For a collectible item to be of some worth it has to fulfil a certain set of criteria, but because one cannot directly compare physical items to digital ones DMD Diamond Foundation has adapted them to fit within the cryptocurrency realm. DMD Diamond Foundation focused its efforts on creating an asset that can generate profit to its holder, can be transferred, is unique and is strong in aesthetics; these constitute core qualities of the Legendary 10 Unique Crypto Assets. To achieve all this the Foundation has linked the 10 most glorious diamonds in the world to their unique counterparts in the digital world. By bringing these two together it was possible to create a unique crypto collector’s item. Holders of the Legendary 10 Unique Crypto Assets can turn their DMD Diamond address into a Proof-of-Stake powerhouse with rewards multiplier. Legendary 10 Unique Crypto Assets are specially purposed DMD Diamond address assets that are capable of delivering up to 100% effective boost rate, meaning that whoever owns it can double the rewards output. Despite these benefits Legendary 10 cannot cause adverse effects on DMD Diamond’s monetary rollout plan. All these perks were made conditional so that the balance between gains to individuals do not negatively affect the rest of the users. Quite contrary, full implementation of Legendary 10 will mean withdrawing substantial amounts of coins from the market and this is something every Diamond investor will benefit from. DMD Diamond has been designed as a storage of wealth and by keeping coins out of circulation it increases their scarcity and aids price appreciation. This also goes hand in hand with DMD Diamond philosophy of optimal way of earning, which is by selling Proof-of-Stake rewards. As important as the monetary side might appear to be at first, value of these Unique Crypto Assets cannot be evaluated through the prism of exchange rates. Each of the addresses is fully personalised; every Legendary 10 has its own unique identity by carrying the name of a legendary diamond together with the name of its owner forever carved into the heart of DMD Diamond. Additionally, the asset holder can leave a message in the core code of the DMD Diamond cryptocurrency for future generations to read. One of the strongest points of Legendary 10 Unique Crypto Assets is their rarity. To put this into perspective, there are 180 million carats of natural diamond a year being sold, but there will be only 10 Legendary Unique Crypto Asset. It doesn’t get any more special than this. Owning Legendary 10 Unique Crypto Asset is not only personally rewarding in a monetary sense, but also brings fame and recognition. Whoever acquires the Legendary 10 Unique Crypto Asset automatically becomes the Epic Legendary Holder, which will be forever recorded in the history of crypto. Legendary 10 owners also get an exclusive VIP support from a dedicated development team who will guide and explain every aspect of using and benefiting from these cryptocurrency assets. Whether you are an ordinary investor or a person with entrepreneurial spark you can utilise these assets in creative ways. This is particularly unique opportunity for service providers who would want to stand out among others; Legendary 10 have forever reward boost rate which catches attention of people and is a like a trophy you can put on display attracting new customers. The major benefit for the asset class of this type is that it is transferrable. Very often digital assets can be forged or a backup copy of private keys made allowing third party access funds. However, the process of transferring of the Legendary 10 prevents against such situations giving reassurance to investors and potential new buyers. What is and should be even more reassuring is the fact that all the funds from the sale of the Legendary 10 unique Crypto Assets go in their entirety to support development of DMD Diamond as the lasting storage of wealth. Even though cryptocurrencies haven't been around for too long, and they can still be regarded as a cutting edge technology, nonetheless they present a new avenue for investment into a class that in future could rival that of art and antiques. Value of the Legendary 10 cannot be determined only by the current exchange rate. The qualities Legendary 10 possess and especially their exclusivity makes them a perfect crypto collector’s items. Their value is destined to grow together with platform development and general acceptance of cryptocurrencies. Legendary 10 Unique Crypto Assets will be redistributed via auction in several phases. Pleases visit the auction site for more details https://bit.diamonds/auction.html. All in all, investing in Legendary 10 Unique Crypto Assets is an investment into the future of your investment. Written by Aleksander Mesor CEO at DMD Diamond Foundation Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: antonio.hernandez on January 15, 2016, 09:06:46 PM What do you think about Peercoin? It is the oldest one with PoS, isn't it?
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: incognitoworker on January 17, 2016, 03:53:23 PM What do you think about Peercoin? It is the oldest one with PoS, isn't it? Peercoin is nice and established.1% annual stake, buy on lows and stake until high price then sell your stakes. IW Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on January 23, 2016, 06:18:29 PM Phase 3 of the auction is open, 3 Legendary addresses have found their owners so far.
If you would like to talk to a HONEST crypto development team and invest into a legit and scam free project, stop by to our Bitcointalk thread and talk to our community. After all, what do you have to lose. Here is the link: https://bitcointalk.org/index.php?topic=580725.new;topicseen#new Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on January 31, 2016, 07:54:13 AM 6 out of 10 legendary staking addresses have been sold or received bids. 4 more to go with one being reserved. I suggest you take a look into this, only 5 days to go and there will be no other auction like this. This is a unique opportunity to grab a very nice crypto asset.
http://bit.diamonds/auction.html Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on February 01, 2016, 06:18:30 PM DMD Diamond Unique Crypto Asset (UCA) "Legendary10" Auction-Status 2016.01.27 (less than 5 days on last auction phase left https://bit.diamonds/list.html) (guranteed rarity limit forever no new Legendary10 will be added...) 4 Legendary without official bid: (but some have interested people in contact with us) De Beers Centenary Diamond UCA: starting bid 2.8 BTC The Hope Diamond UCA: starting bid 2.8 BTC The Cullinan UCA: starting bid 2.8 BTC The Sancy Diamond UCA: starting bid 2.8 BTC 2 Legendary with active bid in phase3: (u can get a leading bid by increase bid 0.1 BTC) Koh-I-Noor UCA bid 3.0 BTC Wittelsbach Diamond UCA bid 2.4 BTC The Steinmetz Pink UCA: bid 2.4 BTC 3 Legendary sold: The Allnatt Diamond UCA at 2.6 BTC The Moussaieff Red Diamond UCA at 2.0 BTC The Heart of Eternity UCA at 2.4 BTC This will be the last auction phase for now unsold legendary will stay ownerless someday in future there could be another auction round of unsold but this can be lot months away or even longer and we gurantee that the starting bid wont be lower than now Final Phase3 Bids for 7 of the Legendary10 Addresses! https://bit.diamonds/list.html two of them of them are the last available cheap ones at 2.4 BTC startbid each https://lh3.googleusercontent.com/-om0sGM0GZEo/Vp94CNiUNfI/AAAAAAAAARg/f5DYF43oLWI/s512-Ic42/%25255BUNSET%25255D.png https://lh3.googleusercontent.com/-KjsX4H0bHE4/Vp94Sw06qkI/AAAAAAAAARo/Q-sjB6DXc8g/s512-Ic42/%25255BUNSET%25255D.png the other 5 are the most famous Diamond Unique Crypto Assets with 2.8 BTC startbid each https://lh3.googleusercontent.com/-4SHpX07GAUw/Vp94tOg1C5I/AAAAAAAAARw/cdUOYwi5e6M/s512-Ic42/%25255BUNSET%25255D.png https://lh3.googleusercontent.com/-9zNJ--1p9aI/Vp945V7l-HI/AAAAAAAAAR4/qD-TWmq_iGA/s512-Ic42/%25255BUNSET%25255D.png https://lh3.googleusercontent.com/-U_UKc_eNQGw/Vp95F3vXjtI/AAAAAAAAASA/fRKKXLwWYJQ/s512-Ic42/%25255BUNSET%25255D.png https://lh3.googleusercontent.com/-CdAulgmHO7Y/Vp95RlKZ9sI/AAAAAAAAASM/DBKTHuhuWdA/s512-Ic42/%25255BUNSET%25255D.png https://lh3.googleusercontent.com/-RlLskrKFVsw/Vp95czYbCSI/AAAAAAAAASQ/xK31kkJ3w74/s512-Ic42/%25255BUNSET%25255D.png Place ur bids In case of problems with wining bids even a follow up bid can be able get the legendary10 So its always worth to place a bid Legendary10 that stay without a bid are avaiable for DMD Diamond Foundation Team members to Buy them at starting bid. Legendary10 without a owner or traded are avaiable for a ownership change auction/trade in front of naturally upcomining mandartory wallet release What is guranteed is that from the legendary10 unique crypto asset series Gurantee of Uniqueness : There will be never ever more than 10 unique Legendary10 pieces existing. Gurantee of Auction Startprice : There will be never a round where this auction will start with a cheaper minimum bid. Gurantee of Premium Support : A Legendary10 owner will have direct access to DMD Foundation Memebers supporting him. https://i.imgur.com/GRKXoXw.png in case the opportunity is to big for u u can get at least 150 DMD by find someone who can take it https://i.imgur.com/KTX4yRI.png https://bit.diamonds/auction.html http://www.verigoodfitness.com/wp-content/uploads/2015/03/Chek-it-out2.png Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on February 07, 2016, 08:55:08 AM DMD Diamond Auction closed, 8 legendary addresses sold.
Flycoin team seems to be preparing something interesting as well. For more info, follow FLY thread, here is the link: https://bitcointalk.org/index.php?topic=1316737.0 Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: binmon on February 07, 2016, 05:38:49 PM DMD Diamond Auction closed, 8 legendary addresses sold. Flycoin team seems to be preparing something interesting as well. For more info, follow FLY thread, here is the link: https://bitcointalk.org/index.php?topic=1316737.0 Nice idea; FLY already uses a "SUPERFLY" reward system which pays staking dividends to users holding between 100 and 5000 coins, at absolutely no cost to users. Modest requirements to be "eligible" for the rewards. Additionally, XDE2 has a very few "special" wallets that have high staking rates: https://bitcointalk.org/index.php?topic=1310435.0 Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on February 22, 2016, 08:31:07 PM compared to a year ago DMD has doubled in price, $ vise
and in that time frame people enjoyed 50% POS so in fact they almost quadrupled the value of their investment 16.02.2015 100 DMD = 15$ 16.02.2016 they did become 150 DMD by POS = 48$ 15$ -> 48$ = 320% value gain in one year! https://i.imgur.com/eH6Jf3T.png Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: Woody20285 on February 22, 2016, 11:06:06 PM DMD has done the hard work to make it highly desireable.
Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on May 15, 2016, 09:32:23 AM Dear Diamond Community, Thank you for your patience and understanding. Software development yet again proved to be a lengthy and complicated process, but we are finally releasing the new instalment of our beloved DMD Diamond wallet. As this long awaited release is now out, we set our goals and aspirations to delivering you Diamond 3.0 in the coming months. But for now, we hope you’ll enjoy this new software as much as we do. And of course this release is also dedicated to all those who are holders of Legendary 10 Unique Cypto Assets. Their investment helped to push the sails of DMD Diamond ship to the new seas of opportunity and development. It’s the dawn of the Legends! This release packs several exciting improvements: - The bug that allowed for sending transactions in ‘unlocked for minting’ mode has been fixed. Now you need to enter a password each time you want to send coins. However, as a known side effect of the fix, when unlocking the wallet in ‘unlocked for minting’ mode the lock button icon will stay "locked" at all times. If you press the unlock button the second time it would act correctly and will lock the wallet. - Group stake trigger value increased from 100DMD to 150DMD which allows minting more old small coin piles faster. - Scrape address functionality has been added (it allows setting up a target address for PoS rewards). A new target address (can be allocated separately to each address) can be set in GUI under the Receive Coins tab. It can be changed by double clicking on scrape address column. Please mind that if you change scrape addresses you need to restart the wallet for the changes to take effect. - Stake Boost code implemented for Legendary 10 addresses and time limited promotion addresses which would go active on Tuesday 15 May 2016 12:00:00 UTC. - PoW coin support share (0.01 DMD each block) has been removed and replaced with a coin support stake boosted address for similar effect. - Automated coin selection for TX and minting, additional input is optimized for optimal utilisation of coin age. - The code to enable same mining behaviour as [GRS] GroestlCoin was implemented but set to inactive due to community feedback and our long term fundamental developmental shift planned for DMD Diamond 3.0. - The estimated ‘time to mint’ tool tip has been removed. - Updated wallet version to 2.1.0.1. - Newest OpenSSL has been used. Please note that this update is mandatory with the fork date set to 15 May 2016 or more precisely everyone should update before block 1549200. Please see Block Explorer for the current block height: https://chainz.cryptoid.info/dmd/ (https://chainz.cryptoid.info/dmd/) MINING POOLS: You need to adapt your pool software and remove coin support share after block 1549200. LEGENDARY 10 holders: Please do not start minting before 16th May. After that date glorious days lay ahead and you can finally enjoy the boosted staking. Source: https://github.com/DMDcoin/Diamond (https://github.com/DMDcoin/Diamond) Windows QT: https://github.com/DMDcoin/Diamond/releases/download/Diamond2101/diamond-qt-2101.zip (https://github.com/DMDcoin/Diamond/releases/download/Diamond2101/diamond-qt-2101.zip) Enjoy! Title: Re: Altcoin staking - the new way to get altcoins and stay in the game Post by: crazyivan on June 25, 2016, 12:33:40 PM The big DMD Cloudmining Promotion Event! take part here https://bit.diamonds/community/index.php/topic,148.msg1080.html#msg1080 https://i.imgur.com/WGfkXRI.png http://cx.aos.ask.com/life123/auction-websites.s600x600.jpg (Actual auction 1 DMD Private Reactor Key each day goes to the highest bidder on DMD Cloudmining shares) There are only 30 keys being auctioned. Grab the chance to win one of the Private R-Keys! What will I get if I win an auction? - DMD Cloudmining Shares; where 1 share is equivalent of 1$ value in BTC of your winning bid - A Private Reactor Key; Double Stake Boosted 1000DMD capacity address for 12 months What is a DMD Private Reactor Key? DMD Private Reactor Key or Private R-Key for short, is an address that can store 1000 DMD in one coin pile (a single transaction). For 12 months these coins will stake at twice (x2) the base stake rate. So, the base 25% p.a. is boosted to 50% p.a. which translates into extra 250 DMD per year. Simply put, it’s doubled income! What are the rules of the auction? Each auction runs for 24h. Each day, bids can be increased up until 24:00 CET after that the next auction starts. The minimum bid amount is 0.15 BTC. The minimum raise amount is 0.05 BTC higher than last bid. (The bid must already be placed.) You can bid on any of the days in advance. If it’s Monday, you could place your bid for Friday’s auction. Also, if you were outbid on any of the days, your base bid amount is automatically moved to the next day’s auction. To place your bid make a post in this thread with the amount of BTC you pledge. Once you win an auction you will be contacted via PM with detailed instructions of how to claim your boost, use your Private R-Key and Cloudmining shares. Quote what u get if u win auction u get the DMD Cloudmining shares 1 share for each 1$ value of BTC contributed of ur winning bid AND a private reactor key! what is a DMD private reactor key: its a address that can store 1000 DMD send into it with a single transaction and for the next 12 month this coins will stake with stakerate x2 (yes double stake income!) so in fact win one auction will grant u free 250 DMD over the next 12 months (a bit more if u consider we have now a globals stakeboost that stacks with private reactor until 19th july) to make i easyer and less work we will manage the bids for 7 days so u can bid for days in advance too for each day people can increase their bid until 24:00 CET that date (minimum bid bid is 0.15 BTC minimum raise of a day with a bid already is 0.05 btc higher than last bid) when u place a bid write amount example 0.25BTC as a reply in this thread ur bid will be used for today if its higher than actual bid if not it will be used for a follow up day and all other lower bids fall a day backwards once u won a day i send ya a PM with further instructions how u can claim and use ur bounty key and buy ur shares Bids will ONLY be done in this thread: https://bit.diamonds/community/index.php/topic,148.msg1080.html#msg1080 |
