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i think he try to say he expect price raise not to happen until all they guys sold they nearly free coins
i dont agree
once the first real companys jump on NEM chain they with empty the markets of cheap XEM
able fuel their services for a long long time with that bargain price XEM
buy now for peanuts but later on for their service fee calulation use the marketprice of XEM
that a nice extra income
i expect lot services where its not even visible that they use NEM in background
people will feed them with BTC but in backend runs NEM blockchain
a good example is dragonflypay they promote cheap money transmit services
that it use in backend NEM doesnt matter for their customers
what they want is send from A to B and cheap
lot business in future will work like that to use blockchaintech in backend
not even visible in frontend that crypto/blockchaintech is involved at all
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As we grow we are continuously focusing on better planned, better targeted projects, more informative announcements and
carefully chosen partners like the Diamond Foundation, Noble Suite, Uberpay/Geopay, CointoPay and so many more.
thx for all matthias! a man open minded and honest never forget who was walking side by side with him in the early days i think i see a future with you! |
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Hi Matthias,
How are the shares calculated in Staisybit?
Currently there are ~39BTC in Europecoin in Staisybit. If I have 4BTC worth of ERC in Staisybit does it mean that I have a 10% share in the staking?
Tks
Hi. Please post this question in Staisybit thread too, i will copy/paste the reply there. This will help others with same question. Thank you. Shares are based on the weight that the user is able to earn keeping his coins on our system. The weight is a mix between user's average funds and the time he has kept those funds on Staisybit. In this way, we can take into consideration not only the deposits, but also the withdrawals (which decrease the weight), also considering the time, which rewards users for the fact that they keep coins on our wallet (which is, by the way, the same the normally a PoS wallet does when calculating user weight in network). I have also implemented a system to adjust, in medium/long term, the weight of big holders, ensuring to the small holders to have always a chance to get shares even when big holders have kept their (big) deposits on Staisybit for long time (hence having accumulated much much weight). Example: - Assumptions: usernames are "A" and "B", now is time "t", cash flows are indicated with "cf", balance is indicated with "b"Assuming to have:| User | | cash flow time | | cash flow amount | | cash flow name | | weight | | A | | t-4 | | 100 | | cf_1 | | W_A_1 | | A | | t-3 | | 100 | | cf_2 | | W_A_2 | | A | | t-2 | | -50 | | cf_3 | | W_A_3 | | A | | t-1 | | 50 | | cf_4 | | W_A_4 | | A | | t | | 100 | | cf_5 | | W_A_5 |
| | | User | | cash flow time | | cash flow amount | | cash flow name | | weight | | B | | t-4 | | 100 | | cf_1 | | W_B_1 | | B | | t-3 | | 100 | | cf_2 | | W_B_2 | | B | | t-2 | | -50 | | cf_3 | | W_B_3 | | B | | t-1 | | 50 | | cf_4 | | W_B_4 | | B | | t | | 100 | | cf_5 | | W_B_5 |
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Then, at time "t" (now), i'd calc the shares as follow: - User A: - current balance(b1) = cf_1 then => weight for the 1st period (W_A_1) is: b_1 * [(t-3) - (t-4)]
- current balance(b2) = cf_2 + b1 then => weight for the 2nd period (W_A_2) is: b_2 * [(t-2) - (t-3)]
- current balance(b3) = cf_3 + b2 then => weight for the 3rd period (W_A_3) is: b_3 * [(t-1) - (t-2)]
- current balance(b4) = cf_4 + b3 then => weight for the 4th period (W_A_4) is: b_4 * [(t) - (t-1)]
- User B: the same as user A Then: - User A weight: W_A_1 + W_A_2 + W_A_3 + W_A_4 = W_A_T
- User B weight: W_B_1 + W_B_2 + W_B_3 + W_B_4 = W_B_T
- Total Weight of "Staisybit": W_A_T + W_B_T = W_T
Now... the shares: - User A: W_A_T / W_T * 100
- User B: W_B_T / W_T * 100
The math above is able to take into consideration not just the deposits, but also the withdrawals, and always considering the time you kept a certain balance in our system too; we give importance to the time because, as you know, time matter in PoS coins under the name of "weight" or "coinage". Recently, an user raised a problem of this system: Problem: if an user deposit large amounts and keep them there for long time, small users won't have enough weight to even get 0.01% of the shares. Solution: users whom have more than 20% of total Staisybit funds for a certain coin, will see the weight of the time decrease slowly within 365 days. What does this mean? This mean that i created a function that decrease the weight of the time until 0.4% in 365 days. In other words, users with very high % of funds will end up having their weight calculated almost only by their funds, no matter the time, in 365 days. I know it's a bit hard to explain on the paper, feel free to ask more if something is not clear. and now lets estimate my first name is not albert  |
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what i love is that the amanzing statistics of staisybit let the DMD Diamond shine bright
its visible on first view that it performs great
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Hi Matthias,
How are the shares calculated in Staisybit?
Currently there are ~39BTC in Europecoin in Staisybit. If I have 4BTC worth of ERC in Staisybit does it mean that I have a 10% share in the staking?
Tks
i would ask that question in staisybit thread answer is of relevance for all staisybit users not only ERC https://bitcointalk.org/index.php?topic=1091402.0 |
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Yes, that was me. I had it on my personal home laptop, which is why I just let it sync-up.
I moved it to my office computer, which is on 24/7 and now it's minting as I expected it to.
I still don't quite understand why leaving it on has anything to do with minting, I thought it was just based on the age of the coins (which are on the blockchain), so I thought I would just "collect" the minted coins by re-syncing. I guess there's more to it than that, which is why I leave it on 24/7 now.
age create the right to compete for POS rewards and affect the amount of rewards once u successfull found a block still u need to win a competition to find a new block (average every 100 sec someone wins this competition to have the right create a POS block) if u dont take part (wallet offline) u cant win a competition  if u have not many coins u dont have the need to win that competition often so its not needed to have the wallet active 24/7 as i said for 90% of userbase open wallet in miniting mode 2 time a month for 2 days each time is enought (so just like 4 days minting in a 30 days timeframe) its like play bingo just the money u win deepens on the timeframe u didnt win and the ammount of tickets u own so it doesnt matter if u play each day or just once a month u always win nearly the same ammount (only difference is compound interest https://en.wikipedia.org/wiki/Compound_interest ) |
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just open ur wallet in staking mode each month twices for 2 days (example a weekend) ok but we do not need to close it to make coins older? i have my wallet computer running 24/24 so wallet is always open for shake also I'm not understand completely what are you saying, but you don't need to keep your wallet running 24/24 to gather coinage... You can keep it close, it still gathers coinage the same way like it's open... Previously, I opened my wallet and allowed it to sync once every few days, then closed it. I didn't get any stake in over 2 months. I then switched to leaving it open all the time (24/7), and now I stake every 1-2 days. Made a big difference in my particular case. yes but u where also the guy who let it sync and then close it instead of leave it running 2 days in stake mode (means click unlock and select just for minting) or i mix this up and it was someone else sorry if yes there is nothing wrong fwith leave a wallet run 24/7 and i say thx for supporting the network this way i just wana make clear its not required for everyone we have a lot users who dont want to leave a PC runing day and night |
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just open ur wallet in staking mode each month twices for 2 days (example a weekend) ok but we do not need to close it to make coins older? i have my wallet computer running 24/24 so wallet is always open for shake also I'm not understand completely what are you saying, but you don't need to keep your wallet running 24/24 to gather coinage... You can keep it close, it still gathers coinage the same way like it's open... i think he ask the other way if keep wallet open is preventing coin pile from gather coin age short answer NO long answer: u have to understand noone have coins in his wallet all the cloins that exist and the tracing where they are who own them (what address they belong too) and how old they are is in the blockchain so everyone have they coins of everyone in his blockchain the name wallet is a bad word basical this software should better be called blockchain filter and key manager because what it does ist filter out of the endless informations inside the blockchain the informormation of the addresses u own a private key and only the owner of the private key can interact with coin piles all i want to say is if u open a window or not the tree outside is still there and grow and become older each day same for ur coin pile and a open or closed wallet (this example might sux if u start to think about schrödingers cat https://en.wikipedia.org/wiki/Schr%C3%B6dinger%27s_cat but thats another story out of scope for crypto and blockchain technology )  |
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Is it possible to translate the FAQ for DMD Multipool on Russian? I still can not understand how it works, I'm sure I'm not alone who do not understand  that u have to ask better shveicar who did the russian translation of DMD homepage maybe he find time for this one too |
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I don't want to be negative but LTC did not double in price after the reward halving at block 840,000 (25/08/2015) but the price actually dropped before recovering again.
The reason I'm saying this is that I am a big supporter of DMD and I have a few and I also have shares in the DMD cloudming so I want a bright future for DMD. What might be counter-productive is too much hype and building of expectations in the community, especially among newcomers with little experience. You have been on a good path and should stick to it and make sure that the community is behind you all the way.
Anyone knows that you can not predict value and prices and that if you hype people into buying DMDs and then the "promised" price hike doesn't materialise you will have a bunch of people unhappy with DMD and will not help to bring you forward and are likely to dump and leave.
EBK1000 i am full with u i dont promote a instant value raise with POS rewards drop i promote the fact that from that point on inflation is reduced a lot after 1500000 total coins the second stage of coin rollout starts that lasts a few years with 25% POS rewards and after in a few year we reach 2.5 million DMD we switch in low infation mode (5%) POS and lot lot years later at 3.5 million into ultral low inflation mode (1% POS) in that timeframe ur kids maybe already their kids will pray ur name daily because u did make the right decision in the early days of DMD Diamond when crypto was still young and the worlds in state of change |
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did just read draft of DMD Diamond Legendary10 auction and its hard to keep it secret for another week i love it!
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do we have a ETA for new wallet the best prove that this team will deliver is to deliver people wasted the chance get cheap ERC will be sorry then but thats how it works some have the instinct some trust in the instinct of others and some just wait until its to late for the big early adopter join in chance  |
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people often ask why we are hybrid and still use POW too if POS is that great first of all that the chance one confirmation cycle (6 blocks in a row) will contain with a very high chance block of different types (POS and POW) add up all the security features of both and increase network security additional POW have advantages in preventing orphans and clear select the true chain pure POS can only fullfill this task with regular checkpointing or accepting a network with high rate of orphans over all i think of all bitcoin v1 codebase based solutions a POW/POS hybrid is the best path for now for the future DMD is open minded and will follow technology inovations when its possible to keep the coin rollout plan and core coin specifications of DMD Diamond it would be shortminded to think what we have now is it and there will be never improvements in future we dont drive such cars any more  technology envolve  still both are Mercedes DMD Diamond in 10 years will be total different but still the same......... ....one of the best crypto coins on market! there is a reason why they call us Diamond (DMD) Evolution |
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have no fear, i am here
nice nice i did see ur work longterm and dedicated for ECC its good u support FLY development what a amanzing sign of strenght and activity when a coin have so much work that one dev isnt enought and in fact its a bit unfair we have two devs working for us while so many coins have no active dev at all good who choose to invest in a active coin like FLY and even better that after this difficult weeks the price is very attractive to join in at least up to the 100 FLY barrier so u can qualify urself for superFLY payouts (in case u wana go into FLY deeper i suggest get in touch with vegas he still seek and redistribute coins to core investors following the TEAM FLY stabilisation pact)  |
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these days, the price decline, is a good chance
agree with joe active again and this crazy low prices i would say buy buy buy special u dont know how the fix of POW/POS will be i expects a slower and longer coinrollout phase and lower inflation basical effects that could very easy lead to a higher value of each single XMG get then cheap as long as u can! and dont forget u can also mine for XMG with GPU at https://multi.magipool.info/and more algos as in overview visible basical anything u can mine at nicehash |
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ca someone confirm that
my average pile is less than 10 dmd
i read this at end
DMD POS setup allow endless POS without any manual merge of coins or transactions between addresses are required to get rid of the lot little coin pile
so i just let i go on it s own
if u have at least a few coin pile bigger than dust size (bigger than 5) between them then yes it will fix on its own but it need some time still while they wait it happens they all keep gathering coinage so nothing lost please guys read the POS guide it explains the whole mechanic https://bit.diamonds/community/index.php/topic,127.0.htmljust open ur wallet in staking mode each month twices for 2 days (example a weekend) u dont have to do more |
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What's the difference between "Your weight" and "Network weight" in the DMD wallet? Does it have anything to do with how fast you mint?
estimated time to mind have some little flaws their fix is planned be part of next wallet release basical the idea now is to compare the coinweight of ur coins against the actual staking coin weight in network and try to estimate how long it could take until u find a block this calculation is flawed because u not stake with all ur coins together but each of ur coin pile try on his own u can just ignore the numbers all u have to know is if u have a coinweight displayed that u have coins old enought to compete for finding a block if u have no coinweight displayed or very low just leave wallet offline for another week and then try again u have no hurry to mint a block DMD POS is increasing minting rewards in a constant line with coin age so if u coin need a bit longer to find a block have no impact in their POS rewards they generate if a 1000 DMD pile mint 42 with age 30 days he would mint 84 with 2 months age a guide to understand DMD POS can be found here: https://bit.diamonds/community/index.php/topic,127.0.html |
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the current pos is that 50% year? or 25?
if i have 1000dmd how much i have after 1 month shake?
1000 + 41?
yes, but after extraction 1500000 dmd will be 25% POS, i.e. from 1000 dmd 20.5 dmd in month yup like 2-3 months more to enjoy 50% POS later on reduced inflation with POS 25% |
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