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5101  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 26, 2015, 12:06:45 PM
people have to understand
how BTT at least in altcoin area is and how people play games here

its like a btc-e.com trollbox

they try initiate pump by hype posts  and dump by panic posts and profit on market
this argon guy seems to wana have some more cheap coins

the truth is always the marketprice if u belive his storys based on half facts and half fiction
which are merged together can create any scenario u wana describe
then u need to sell ur dmd

utahjohn on other hand is a 2500 dmd nonfactor he doesnt play that games
he is just disturbed between love and hate dmd
and his crusade to destroy the coin if it dont follow his wishes
(as he already did threaten me once per PM (....destroy DMD like i did destroy judgecoin....)

utah u not in the position to influence DMD no matter how hard u try

with upcoming increasing popularity of DMD more people like argon and utah
will find this thread and follow their own agendas in it

a question to the community

do u want us to active counter that in a way like we handled icebreaker
or u dont bother and see this as entertaining when u read it?

in my opinion we should let them be here and try to move serious talks to dmd forum
there we can just ban such users and dont have the sisyphus work to delete their posts

but also a fact is that community didnt follow us to dmd forum
last time we wanted to switch focus there

5102  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 26, 2015, 11:23:50 AM
Clearly u do not get my intentions to help others gain DMD

the only one u wana help to get DMD is utahjohn
5103  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 26, 2015, 11:07:59 AM
What many call FUD from me is simply incorrect I am just pointing out weaknesses that need to be addressed in next wallet release.
Yes I'd like the price to drop so I can buy again, but no buy support from me till pumps stop  Roll Eyes

we can fix this micromanage tiny advantage easy
we can just reduce POS rewards for pile above size of 200 and problem is solved

but this opens a new unfair situation
than if someone buy a 1600 dmd pile and transfer it as a whole home in his wallet
need to wait until he did split stake 3 times (at least 21 days) until he able earn optimal POS rewards
or manual split the pile after recive it via coin controll into 200 dmdm pile

do we really want that just because utahjohn is maybe able earn 1% more at pos with lot micromanage time invested?

and his advanage is a theoretic one

look how it can be in real:
Quote
in case his big 2500 dmdm pile just staked successful when he did sleep
and 8 hours later he merge the 2 piles together again to have a single 2500 dmd  pile
then he burned 8 hours coin age of 2500 coins
this way he damage himself more than he gain
its just a theoretic mindgame that give little gains
but in real when u miss the time when u staked a bit and burn coinage by manual merge them u lose all advantage
and u invested a shitload micromanage time
time that a 53 year old early retired might have but normal people not
let him increase his small income with a bit extra POS why not

this is no design flaw that need a fix
DMD POS is superior

for real investors that it run without maintainance and manual interaction perfect is way more valuable than everything else

edit: regarding pump i think u missunderstand what a pump is
what we see here is slow natural gain in value a pump would be a jump to 0.001
and even that can happen and stabilze with that increased interest that DMD attract this days
all look at total coins and say oops below 100000 coins until pow rewards reduction

5104  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 26, 2015, 10:37:13 AM
Argon18  its very hard for me to understand how u can see one of our most superior DMD POS abilities as a weakness

i think u didnt even understand what i explained - or u try to read only the lines that fit to build ur own reality and ignore the rest

in opposite to majority of POS coins where u are forced to use coin-control
because their POS setup is flawed and without manual interaction it would split coin pile endless
DMD Diamond POS work endless stable without user interaction

u have

1.) no understanding of dmd diamond security  and DMD POSand the hybrid pow/pos
protection will just work fine after pow reward drop the same way as now
it doesnt matter if we have 10 ghash 100 ghash or 1000 ghash groestl network hashrate

or

2.) u have the understanding and try spread wrong statements to influence price?





5105  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 26, 2015, 09:10:58 AM
coin control is a expert tool that is not required to be used at dmd diamond

but u can if u want

basical the wallet itself have a logic that it try to select the coin pile where less coin age is destroyed for outgoing transactions

u have to keep in mind that normal POS age is 30 days not 7 days

between 7-30 days only big or lucky coin pile mint successfull a POS block and the split stake methode is used

which will cut ur coinpile into two

after 30 days coin age big coin pile above 100 dmd mint normaly

amd small coin pile below 100 dmdm size try to group together with other coin pile over 30 days age and below 100 dmd size and try to group stake

if a group stake is successful the coins merge together into one pile


this full automated POS handling need no coin-control by user

in fact what utahjohn do is by a lot of micromanagement increase his pos earning around 1%
because he make sure he instant  merge coin pile after minting at 7 days together to a big pile again

if one or a few people to this it create no danger

if all people would do this it just counter the pos mechanism

because it create the risc of "nothing to stake" at network

the split coin pile mechanic and later merge coin pile mechanic have one reason

to automatic cut the coins in network into enought pieces that always someone have something to mint

and merge coin piles together if enought pieces are existing (it dedect this by coin age)

this way never a status appear where noone have coin-age to spend minting and pos diff would fall very low and open doors for harmfull activities


DMD Doiamond pos explained in details http://bit.diamonds/community/index.php/topic,46.msg376.html#msg376

How is POS working:

there is a easy and a complex answer

easy:
each year ur coins will increase as much as the pos reward percentage say if u regulary (once a month) open ur wallet in minting mode for at least a day


complex:

following is true for DMD POS
not all coins use the same
and some (most) coin devs dont full understand what i describe here
and so their code isnt utilizing POS in its full power or values not adapted to fit their coin amount

to test other coins just ask them to explain u how POS works in detail
u will get lot different and most of them are wrong answers (copycoder alarm .....)


pile
coin weight
coin age
burn coin age
min time
max time
split stake
group stake
pos difficulty
pos block time
pos reward


pile = if u check coin control u see u have lot pile of coins
each pile try to POS on his own (only group stake act different)

coin weight=determined by amount of coin in pile and his age used to calculate ur chance to mint coin weight stop to grow once ur coins reach max time is reached (this is to prevent someone gather lot coin weight and be able do some kind of attack(no guide for attack here...) (which wont work anyway at DMD because of hybrid security))

coin age=determined by amount of coin in pile and his age used to calculate ur reward when u mint successful
coin age doesnt stop to grow and so do ur rewards get bigger and bigger until
u mint successful then ur coin age of the involved coin pile is set to zero

burn coin age/coin weight happens also for all coins in a pile which is involved in a transaction
that mean that pile get his coin weight and coin age reset to zero
if u have only one big pile of coins and u send every 5 days a little outgoing transaction
u will never ever be able to mint because u always destroy the coin weight before its big enough u get a minting possibility

min time is 7 days for DMD which mean once ur pile of coins is at least 7 days old he can compete to try mint a block if ur wallet is unlocked
between mint time and max time every successful minting will be split stake

max time is 30 days for DMD which means coin weight dont grow even if ur coins are older than 30 days (but ur coin age grow without limit even after 30 days)
any minting with coins  older than 30 days will use group stake mechanism

split stake means when a pile of coins successful mint a block and is below 30 days old he will be split in 2 pile of coins where both pile will be increased with half of pos rewards u earned

group stake will be attempted by coin pile below 100 dmd and older than 30 days the they no longer are forced to try mint alone but can group with other coin pile also older than 30 days and below 100 dmd size
up to 100 DMD can group up and try to mint together. if successfull they merge together forming a single pile and get the earned pos rewards added to that pile. coin pile above 100 coins cant group but when they mint the group stake mechanism will prevent them from beeing split in 2 pile

pos difficulty u can see when u enter getdifficulty into console
it determine the chance that u will be able to mint
similar to POW but this time not pure hashrate of complex hashes and luck determine who able create next block
instead simple hashes created by  wallet via cpu  and modified with the coin weight of pile which try to mint compete against each other on the network

pos block time a diff adjusting will try to raise and lower pos difficulty to reach target pos block time (in case of DMD its 600sec because of our hybrid POW/POS setup we need no faster POS block generation and it helps keep ur wallet clean of POS spam (lot small pos rewards) instead u generate less but bigger minting rewards.

pos reward determined by coin age and actual pos stage of coin
example 50% per anno  pos reward means a pile with 1000 dmd and age 30 days will if he mint successfull be
1000+(1000/100*50/12)= 1041.67 dmd



why?
why POS works this way have the reason all this mechanics try to make sure coin opile size is small enought to make sure always someone try to mint and so we never run out of attempts to solve a  POS block. and the group coin mechanic try to counter that coins get endless split and in the are so small pile which have hardly a chance to mint successfull
a POS coin which utilize split stake but not group stake will run sooner or later in troubles where people forced to manually do something to fix the mess
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


----------------------------------

im pretty sure this answer is overkill for whatever u wanted to know
but it describe the prove of stake mechanism as detailed as possible

and i lead to more confusion in the face of people i explain it  Cool

----------------------------------
BELOW Coin specs so u see how POS changes over time:

Proof of Stake
From 450,000 to 1,500,000 of total coins PoS is set to 50% per annum.
From 1,500,000 of total coins PoS is reduced to 25% per annum.
From 2,500,000 of total coins PoS is reduced to 5% per annum.
From 3,500,000 of total coins PoS is reduced to 1% per annum.

Proof of Work
The reward is 1.05 DMD per solved block.
1 DMD is granted to the miner while 0.05 DMD is contributed to coin support.
From 1,000,000 of total coins reward is reduced to 0.1 DMD per solved block.
From 2,500,000 of total coins reward is reduced to 0.02 DMD per solved block.
After that there will be no further reductions to the reward per solved block.
Foundation support will be decreasing with each consecutive switch.

----------------------------------------------

VISUALIZATION OF DIAMOND ROLL-OUT PLAN
(TOTAL COINS AND POW/POS COINS PER MONTH)




RED LINE = new coins each month produced by POW (numbers on right side)
GREEN LINE = new coins produced each month by POS (numbers on right side)
TOTAL COINS (numbers on left side)
numbers on bottom of graphic are the months (the graphic represent a 30 year timeline)

i think for now market price is driven by insta-selling miners
daily *1500 diamonds have to be bought if people would sell instant

but keep a closer eye on coin specs and check how coin roll-out will develop over next 30 years

beginning with total coins 450000 a 50% POS will be simultaneous active with the 1 DMD POW reward each block
and start the diamond rush (BLUE CIRCLE) on pic

if u analyze that u can see that this POW mining paradise only last a few months
(to be exact until 1 million total diamond are existing)
later most of coins are produced by POS  (GREEN ARROW) and to do so u need to have diamonds

everyone who sell 1 diamonds instant lose like at least 2 diamonds.....
because every diamond u mine now would at least double if u keep holding and pos it over time

the whole design of diamond is to be a wealth storage coin aimed to be a good investment

i  hope this visualization of coin specs long-term effect of  on coin roll-out
can help u realize how valuable diamonds will be once POW is reduced by 90%
and high POS will be main source of coin creation

that coins are required to create more coins (POS)
will be the reason for lower availability of coins on exchanges and increasing prices
remember only coins in ur wallet gather coin-age and can generate POS rewards
5106  Economy / Services / Re: Signature Design Contest - [DMD] Diamond coin - 0.15 BTC on: February 25, 2015, 11:49:33 PM
sig of shadowrunner is nice
5107  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: 【BOT】C.A.T. Cryptocurrency Automatic Trader 2.8 |145+Trusts| now On BitFinex! on: February 25, 2015, 11:45:47 PM
and i want a buypool and the market rules run on both markets simultan

This is not possible.  Undecided
Each market have his rules.
An option like "Never Buy Over" with the same value can't work (good) on 2 different markets.


possible but a rare use case for limited amount of people
not worth to code it i understand
5108  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: 【BOT】C.A.T. Cryptocurrency Automatic Trader 2.8 |145+Trusts| now On BitFinex! on: February 25, 2015, 10:52:22 PM
any plans for cross market functions on same exchange?

example

DMD/BTC
DMD/XRP
XRP/BTC

and i want a buypool and the market rules run on both markets simultan

basical in background switch between btc and xrp if needed and buy DMD where they are cheaper (or sell where u get paid more for em)
5109  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 25, 2015, 08:09:56 PM
dmd cloud is doing around 20% of daily volume

the cloud alone is not driving the price upwards

the general demand is rising

thats how market work

and it will get worse (a bird told me someone starts promoting dmd active on multiple forums soon...)

basical i think that once this 0.00071 sell wall is gone there is not much that stop another shift upwards in value

its only 6 BTC up to 0.00100

and 2 btc of that are in that 0.00071 wall
5110  Economy / Services / Re: Signature Design Contest - [DMD] Diamond coin on: February 25, 2015, 01:15:29 PM
Good move. Maybe I can help a bit. if you need promotional animated banners or signs, for starters, you can use simple options for example:





or plain text



font style and design can be anything, as well as the text itself. This is just an example.
The first banner should be lightning coin instead of diamond coin  Tongue


u need a medical attest that this stuff create no brain issues  Shocked

watching longer at it i feel like highlander after killing kurgan
or anakin when he finally kill palpatine  Cool

i think ivan seek a forum signature useable on BTT and its limitations
5111  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 25, 2015, 12:40:29 PM
thx the mightyknight
i love how we see activity from different community members this days

we have a nice bunch of people here
but now its time to spread the word

i think we all abused our early adopter advantage a lot
its time at least in the last few weeks of full reward pow
that we make dmd diamond visible to more people

be a secret insider tip as way how people see us should  be changed towards

(remove insider and secret)


dmd diamond a coin that everyone should know and add to his portfolio

5112  Economy / Services / Re: Signature Design Contest - [DMD] Diamond coin on: February 25, 2015, 10:22:34 AM
Quote
Signature restrictions

There are restrictions on signatures, based on your activity/rank.



Quote from: theymos on February 26, 2014, 09:15:18 PM

- Newbie: No styling (including links) allowed. Max 50 characters.
- Jr. Member: Links allowed. Max 150 characters.
- Member: Unlimited length.
- Full: Color allowed.
- Sr. Member: Size allowed
- Hero: Background color allowed

(source: https://bitcointalk.org/index.php?topic=178608.0)
5113  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 25, 2015, 10:13:43 AM
don't try to send me chocolate and beer....

better send to me  Grin
5114  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 25, 2015, 09:11:33 AM
this ivan is crazy 0.15 BTC for a BTT signature

https://bitcointalk.org/index.php?topic=967360.msg10575116#msg10575116
5115  Economy / Services / Re: Signature Design Contest - [DMD] Diamond coin on: February 25, 2015, 09:09:57 AM
so my sig is not good enought  Shocked
5116  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 25, 2015, 08:55:57 AM
Naemnik   2,488,416 kh/s

Could this possibly be a groestl asic on Danbi's pool?  That is insane hash power....

big gpu farm or fpga farm

sure no groestl asics existing
5117  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 24, 2015, 10:02:43 PM
I would happily get involved in this project.  Hardware/Sales/Customer support are some of my strong suits.

thats great i think miningfield will join the project once he finished some rl stuff
(he created the DiamondOS wallet on a stick)
maybe u find some more people to form a team

i would be very happy if we have the community take care of this project

5118  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: 【BOT】C.A.T. Cryptocurrency Automatic Trader 2.8 |145+Trusts| now On BitFinex! on: February 24, 2015, 09:51:29 PM
i run 4 bots on same coin market each i only feed with a buy pool and a min max range to buy
additional i use the new settings that a new buyorder from pool have a max size


when i let this bot run then after some time i have some  buy pong and sell ping too which can never happen the way i started it


add value to buy pool
pool create buy ping
when bought coins he create sell pong
when sold the value back to pool and repeat


in this scenario never a buy pong or a sell ping should be created

but they are after some time existing

5119  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: 【BOT】C.A.T. Cryptocurrency Automatic Trader 2.8 |145+Trusts| now On BitFinex! on: February 24, 2015, 05:48:37 PM
im the only one who have issues with 2.8 that even if i only create a buypool
after some time i have pings in sell orders and pongs in buyorders?

somehow he mix this up


when i start only with buypool there can never be buy pongs or sell pings
5120  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: February 24, 2015, 03:12:51 PM
I'm just throwing this out there but has anyone looked at the saffron coin wallet. Just amazing IMHO.
Fully fledged Internal block explorer.*
Fully fledged twitter feed.
Fully fledged IRC
Fully fledged internal  exchanges (bittrex and Cryptsy)*
Displays market cap and fiat price of coin. *
Anonoymous send by just an Alias 2ways. Wallet to wallet.*
A wallet that allows you to buy coins directly with fiat.
First coin to make use of webkit technology for qt wallets to display fully fledged web content.*
Just some amazing features.
If we had half of those features I think it would make these diamonds shine brighter.
Just a suggestion. No sense reinventing the wheel. Wink
Multi tasking wallet. Smiley i can see it now.
With all this wallet talk going on. I'm not suggesting all the features but its a pretty nice lookin wallet.
My picks* (maybe its not doable or wanted)
i'm not trying to promo Saffron.
Take a boo if your inclined.
https://bitcointalk.org/index.php?topic=586320.0



we know it we have it and many others on our radar
security is a major issue as soon as u start to link webservices running  inside ur wallet

what we want to see in the future is a simple and secure  minting wallet ideal for run it 24/7
and a optional nice improved feature mobile lightweight wallet
like example mycelium where just the keys are stored local but u use a online chain

this wallet would not be able to mint but is perfect suited for all other tasks

but at the moment any project is secondary in priority compared to DMD v3

any non mandatory update changes can be done later on when we have more time

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