im always happy if a longterm community member
share a success story

mitache365 asked an interesting question.
I think that the wallet itself should choose when sending the newest coin.
The user should not lose income Pos. I'm new here, but judging by previous statements utahjohn he can not be trusted.
Perhaps we should wait for an expert.

I just caught up with the thread now.

I am quite happy that some people showed utajohn that although his intentions might have been good, the way he expressed himself was quite irritating.

Now that this is settled, I am sure the community will keep going forward as a whole and that DMD is on its course to success !

But there is one thing that keeps me flabbergasted: how can the PR community initiative generate so little interest ?
How can such an important step for us all, for DMD, be ignored ?

We are so close to our community funding goal, why don't we reach it ?

If someone can answer these questions, I will simply stop posting about this initiative and I am sure that popshot and cryptonit will put those BTCs to good use, but I need to understand why we can't just find 1BTC to make DMD go mainstream.

 I feel more people have the right to join the ship and would probably want to if they were informed.

What do you think ?

popshot

coins in the reactor have an POS advantage over conventional coins? Does this mean that I will receive less from the POS having no coins in the reactor?

I think reactor is a very bad idea. It will increase the investment and not the commerce which means it just helps increasing the bubble. Every investor wants a minimal profit therefore they have to sell some amount of dmd. It will destroy the exchange rate. You really want 1-2 winner and everybody to lose?

You have to establish an economy behind dmd.

This has nothing to do with the reactor. Foundation wallet is incapable of staking, because of countless amounts of 0.05 transactions that the wallet cannot process. Once the coins are sent away in bigger piles the problem disappears.   

Anyway..

I think quite a few people are missing the point here.

The Reactor is not just about producing more coins, however, necessity for more coins was good opportunity to come up with something that would benefit overall Diamond performance.

Let me again present the aims of this project (and BTW I have plenty of questions to you):

•  Making sure we stick to original coin rollout plan by putting more coins into circulation.
-   Anyone objects that? More coins would mean bigger inflation, but it was meant to be bigger in the first place, so what's the problem? More coins would also mean more liquidity and possibly better distribution.

•  Ensuring Diamond Stabilisation Mechanism gets bigger and better.
-   Anyone objects that? Don’t we want to ever rise the price floor of Diamond? So ‘the little miner’ can conveniently dump his coins and get return for his struggle, without worrying what the price will be next week? Beside, it’s not the only purpose of  Stabilisation Mechanism to do that, but rather prove the coin can retain its value over prolonged periods of time – it’s supposed to be a deposit coin in the first place.

I hate to use it but iCBREAKER illustrated it pretty well how things looked before the Cloud Mining started:



Could you compare it with today’s stats? http://coinmarketcap.com/currencies/diamond/ (180 day view).
 
These things didn’t just magically happen.
It was all possible thanks to Helmut’s hard work and commitment to deliver and run the service and of course everyone who bought into the cloud.

•  Increasing the unique strength of DMD's POS² (Proof of Stake+ Proof of Shares).
-   Anyone objects that? Don’t we want people to perceive Diamond as a good product with functioning and effective ecosystem? Don’t we want to attract more people by providing such options?

•  Providing fantastic ROI opportunity to those who are committed the most to long term success of Diamond.
-   Anyone objects that? Rewarding those who actually make the whole Stabilisation Thing a reality? How is that unfair? Miners get their mining rewards and benefit from stable price thanks to those who invested BTCs into the cloud.. Minters mint and get their rewards for securing the network. How about making the system to be grateful to those who actually perpetuate with surplus result one of the cornerstones of stability.

•  Securing the network with massive staking power, making any PoS attacks very costly.
-   Mining is coming to an end, alright? Soon 1/10th of a reward is not going to attract any significant number of miners, even “the little ones”, so we can forget about PoW security. The coin will rely heavily on PoS, and not sure many of you are aware of effective PoS attack that affects all existing PoS coins [NXT not yet confirmed].  Where only 5% of coins is enough to take the project down. Keeping 10% of total coins in constant stake for sure would help to mitigate it, don’t you think?

Some people’s reaction is as if we did this:
http://www.theguardian.com/world/2015/jan/29/north-korea-may-be-restarting-reactor-which-produces-nuclear-bomb-fuel

Coincidence? Yes it is .. we are not affiliated in any way with the Democratic People's Republic of Korea.

I get an impression that you think, we were going to cheat you and personally gain on this.

To be honest I don’t care for more coins and I’m sure Helmut doesn't care either, I have enough of them already, what I want is to move this project forward.
If it was only about some short term gains we wouldn’t spend countless hours on this and be just like the rest of people riding waves.

This Reactor project is not the only thing we’ve been doing all that time, but we do split work. I’ve seen the question about the access to Reactor, no I don’t have access to it and won’t have it, for security reasons.

But you can help me in other ways..  If you have loads of cash and want to invest in a good crypto project, please send me PM, it will save me a lot of work finding external investors to properly fund development and take us out of the 100th place to the much higher one. If not then sorry but this is what we came up with with our limited resources.

Of course thank you for your thoughts about better PoS rewards models, but would be much better if you could actually address all these points and not just one:

•   Making sure we stick to original coin rollout plan by putting more coins into circulation.
•   Ensuring Diamond Stabilisation Mechanism gets bigger and better.
•   Increasing the unique strength of DMD's POS² (Proof of Stake+ Proof of Shares).
•   Providing fantastic ROI opportunity to those who are committed the most to long term success of Diamond.
•   Securing the network with massive staking power, making any PoS attacks very costly.

in my opinion anyone without a real name on that list is a paradoxon.....
in cryptocoins we trust they write for that award but some nominated people not even show their real name
what kind of trust they have in this business

in my opinion its a competition of fanbase size and nothing else
that u feel we as DMD Diamond Foundation are be worth listed there
honors me but u trust in me is of more value to me than any ranking on that list