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21  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 04, 2015, 03:51:16 AM
From an investors point of view, dmd market graph was interesting to me and seemed maybe volume was rising.  Looked good till this reactor bs.  Ill wait 6 more months before I look at this again, but maybe never.  The bs about owning this coin should stop or there will be little investment in it.  It also shouldnt be so hard to find out who behind this coin.  Your bitcointalk profile doesnt even have email addresses.

How can you not know or find it.  Helmut has a full linkedin profile.


22  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 04, 2015, 02:21:21 AM
These points do not address the issue.  Yes, anyone can set up a cloud mining project, but not anyone can set up a cloud mining project and also be responsible for the currency.  Again, you are ignoring the clear conflict of interest.

Then you again argue that giving this 200% to cloud mining investors is not an issue because we can all invest in cloud mining, so again I reiterate, you are saying we can all invest in the operations that the guys who run the coin and the cloud mining have set up therefore its fair.  What you are arguing is that the 200% is an incentive to invest in cloud mining - to enrich the guys who run the coin and the cloud mining.  The reason they should take coins from their own pockets to reward investors is because that somewhat eliminates the conflict of interest.

It seems like you have no concept of conflict of interest.  Maybe you should look it up and school yourself on what it is and why its bad
.

Correct me if I am wrong here but the foundation members are responsible to develop, innovate and build the technology that is DMD crypto currency.  As with any currency, value is derived from the market.  The foundation members,  mine the coin the exact same as you or I do.  Helmut the CVO created the cloudmining service that mines btc to put buy side pressure on the coin to help discover value as a stabilizing mechanism.   Which is part of the focus of the coin as a stable investment product.  Am I correct on this premise? 

Based upon a simple google search as you instructed me to do, so eloquently (in truth you were being a cheeky ass*hole but I digress) - A conflict of interest is a situation in which a person or organization is involved in multiple interests (financial, emotional, or otherwise), one of which could possibly corrupt the motivation of the individual or organization.

So based upon that definition where are the multiple interests?  Coin to gain value and coin to be stable.  My interest as an investor and holder of DMD is aligned with the service and foundation.  All DMD holders gain value on investment into cloudmining.  Not just the "owners" of the coin as you ignorantly pointed out. All holders are "owners" the foundation members are the developers.   If you are concerned that the foundation is in some way trying to create an incentive to buy into the stabilization part of DMD, well you at the very least made a correct assumption on that point.  People should be motivated to invest into the coin.  There should also be a pay off.  Is helmut and the rest of the DMD foundation out to steal your nest egg.  I don't think so, but could be wrong.  If the latter is the case helmut has made himself very public.

In order to make things crystal clear.  I believe that maybe DMD foundation members should have there positions in DMD disclosed and available to view.  A lot of btc foundation folks have done this.   This way it would clear up a lot of the hesitation and reluctance of trust by some community members. 

In general, with the stock market, board members of companies disclose when they buy or sell stock.  Maybe the foundation could do the same with DMD.

It's just a suggestion maybe it will alleviate some of this distrust. 

23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 02, 2015, 04:33:45 PM
So you think its okay for the people who run this coin to set up a cloudmining service which they also run and profit from, then change the currency mechanics to offer a higher reward for the people who invest in their service?  Your argument is we can all invest in this scheme to enrich the people who run the cloudmining service and the currency at the same time?  You see no conlfict of interest in this?

Anyone could have set up the cloudmining project,  anyone can take BTC and convert them to DMD.   Helmut/Cryptonit set the service up to control a portion of the buy pressure.  Providing continued, controlled, and stable buying, remember that word used STABLIZATION.  I am fairly certain any profit that is generated is put into more buy pressure and put into the currency stabilization mechanics.  The service and buy pressure on DMD are clearly shown, no one argues that point at all.  I view the service as a needed resource until the time of more adoption occurs with the coin.  Remember the Dev Teams coin ROLL OUT PLAN.   It is planly clear your view of the project is from a pure skeptic who wants nothing to do with the project and your risk tolerance is minimal at best assumption.   No one should invest $$$ they 100% cannot lose or view as a no return loss.   SO you shouldn’t be rewarded and stick with the vanilla plan and continue mining the coin.  
Where is the conflict of interest? My interest lays that same as the DEV team.  Helmut, and the entire DEV team want the coin to become a success as do ALL OF US WHO MINE, HORDE it and would like to acquire more.   Not simply dump it.   I am sure Helmut is not going to put himself out on LinkedIn as he has to "sucker people"....  I think his intentions are bigger and he appears to want more from the coin.
  
Like I said earlier, if the cloudmining operators want to give a higher reward for Cloudmining investors they should take it out of their own pockets.  Changing the rules of the currency to attract investors because they can is just plain unethical.  

Define for me how the rules are changing?  POS in a one off special wallet that runs at 200% that is open to everyone and provides incentive to apply buying pressure to the coin.  Remember they stated the first round would go to cloudmining investors.  WHAT IS THE HARM HERE?   Why should the DEV team come out of pocket for this?  Who in the community is the reactor hurting?  The investors are given a bigger proportion of reward to risk the ones providing the buying pressure.   POS coin plan also meets the dev teams time table.

And for the record, I can afford to invest in cloudmining but I choose not to.  Its equally interesting to see the ones who support this scheme the most are the ones who invested in Cloudmining and benefit the most.

Key wording in this is YOU CHOOSE NOT TO. But you stomp your feet and cry foul if people who did invest are given priority in a line.  Life in general is a collection of choices,  If the coin turns out to be a very successful project and everyone here is rewarded by there efforts you will be one of the first people to think back and wish you had done more to generate a better return.   GREED IS GOOD.

At the time being though how is the DEV team and all the work they are doing rewarded?  
Helmut has been nothing but open and honest about the cloudmining Service.  I see DMD hit my wallet on a daily basis from cloudminig.  But I also am not as guarded and risk intolerant.  Again CHOICE.
  

 
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: January 31, 2015, 04:17:53 PM
A couple of things on the reactor project that I don't understand from the people that seemed to take issue with it. 

From all your statements and posts. 
Everyone seemed to complain how it wasn't fair. 
Correct me if I am batsh*t crazy, but cloudmining is open and available to EVERYONE. 
Those that took the risk are the ones that the community are happily letting create part of the DMD stabilization mechanism. Yet if they are given more of an opportunity the community is outraged?   WHY?  The individuals of cloudmining took the risk/reward opportunity that was community wide!
One could easily invest the cost of 1 gpu or less and have cloudmining for the future.  Yet I see the ones that stomped their feet and cried foul the loudest are not part of cloudmining and don't have the 1500 DMD to risk.   I mine DMD everyday 24/7, I am rewarded with fresh minted coins.
I chose to invest in Cloudmining and I receive coins everyday. 
The reactor, I would invest and risk 1500 DMD for 280 days to have 4500 at the end. An opportunity,  I could also have nothing by the end if the wallet was compromised.
The first round was open to cloudmining investors....   Is that the sticking point?  How does a dev team prevent giving a resource of generating more coins out of insta dump miners that destroy price.  Look at every coin on cryptsy.  They are all rushing toward 0. LTC? DRK....

Every investment involves some sort of risk.   There is a needed payoff for the risk taken. 
I don't see what the heartburn is about the reactor.   Please give me a sound, well thought out response on this.  Not some lame it isn't fair or centralizes the network BS. 
25  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: January 31, 2015, 12:11:03 AM
Have not received refund from reactor investment Cryptonit check email please. 
26  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: November 19, 2014, 04:02:09 AM
Popshot,

Could you clarify this "This is departure from decentralised model into a pseudo certalised one. Many people might not like it.

Basically my view is the current problems with finance are due to the centralized nature of current banking.  Centralizing power creates a single point of corruption, manipulation and failure.  What our current money system is wrought with.  The power should be in the hands of the users and the technology. 

Side chains sound very interesting.  http://www.blockstream.com/sidechains.pdf.  I see there being a very large shakeup of the crypto money space within the coming two years.  Regulation I hope is 6+ years away to allow the technology to grow and mature. 

I see bitcoin currently as Netscape was to the internet in the 90's currently.  Although the technology is evolving at a much faster pace. 

Some suggestions:
Make the wallet experience more non tech user friendly, add double security to unlock wallet like 2fa.  Why does it take almost a full day to get the diamond block chain synced up? Help users make a offline backup of their wallets.   Direct a backup to the cd drive by default.  Make a much more seemless user experience with setting up the wallet and funding it.  Add a buy and sell section where a user will be able to buy diamonds directly from the foundation or exchanges. DMD multipool or cloudmining.  Explore the bitcoin side chain technology.  brainstorm/innovate is a must!!!
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