Why would you invest $10000 into a coin that no one even trades anymore?
There was a time when Litecoin was considered dead. 2 months ago. Not very far from today. There was a topic named "Litecoin is dead?" too. I admitted that I see LTC dead too. I sold a lot of Litecoin at 4 USD and tried to invest back to Bitcoin. That was the BIG mistake.
I did some research on DMD block chain recently and found that
TradingLots of people trades this coin until it is de-listed from Cryptsy and other exchanges to help developers fix the blockchain. BigVern, Cryptsy owner said he would open it up once again when the bug was fixed
DevelopersThere are 2 new developers or maintainers. Two, not one. That makes me very excited. Most of altcoins has 1 developer only. zuper said he had a team behind DMD. A team? Definitely, he wants to do something big with DMD. The best thing in a altcoin is its developers and action plans to promote it. I see those in DMD
Transactions+ DMD transaction is fast, much faster than both Litecoin and Bitcoin. Fast transaction is a very important feature. Buyers and merchants should not wait for too long to see if their contract has any progress. However, DMD transaction speed is good enough to keep the network stable. 1 minute is good. 30 seconds like what you see in WDC is too fast, making network unstable because of high network latency and delayed synchronization
+ DMD supports transaction message that helps third party developers integrate DMD into their website or payment system, activation system easily. For example, you can send some DMD coins to a merchant wallet together with a secret, encrypted message. The receiver decrypts the message, extract useful information (user_id, contract_id, product_id, key ...) to handle the payment. It should open up a huge opportunity for merchants to accept it.
BrandingDMD has a very nice, luxury name which
++ makes easier for merchants to include it or promote it in their website. For example, they can accept DMD donation. Diamond is precious, luxury. It is WOW factor when a merchant or website mentions that they accept Diamond. Customer will be curious. That's the purpose.
++ It can be used as rewards or virtual present or gift. Remember Tencent e-money Q Coin? It increases customer satisfaction if merchants rewards Diamond to customers who buy their products. It reminds me of
Cryptsy Points. However, Cryptsy Points can not be withdrawn and traded outside of Cryptsy. Diamond does. Diamond make customers feel that they are rewarded with luxury gifts, which they appreciate. It is good for merchant brand.
ScarcityDMD is scarce. This is an important feature:
++ No one owns a lot of coins to manipulate the market
++ It makes people who hold coins think it worth something because almost DMD holder has a few of them only.
Energy efficiencyDMD is much energy efficient than Litecoin and Bitcoin. It is not a Proof of Work coin. It combines best features of Proof of Work and Proof of Stake. You can leave the wallet open, without running cgminer to mine PoS coins.
In long term, this feature is very important because it keeps the network stable. People do not need to run cgminer all the time to mine or verify transaction
Woman friendlyWoman and shopping: yes. You know what I am saying. 4.5 billion people. And other 4.5 billion want to make woman happy
DMD is woman friendly: requires no energy if she wants, beautiful name, luxury and precious feeling that woman loves. Woman love collecting things that are precious right? Also, woman likes things that represent love. Remember: diamond engagement ring. No altcoin can do it better than DMD
GamingDMD may be adopted by gaming industry too. Diamond is something very familiar to gamers. It can be part of rewarding items or payment system in games. Using the same reward that can be exchanged freely on the market will connect gamers and indie developers together. Let me think about it.
StabilityDMD price is stable. No big bet on it yet. The price is quite cheap now. Remember May 29, 2010? A guy trades 10 000 BTC for 25 USD
http://www.slideshare.net/mapsofworld/is-bitcoin-the-future-of-money and now those BTCs worth 1 mil.
ProfitI have earned more than 50k USD from selling BTC. It looks like BTC is hard to triple its price in a year. DMD can. No one can say any certain thing about the future. But it worths a try. If I spends 500 - 1000 USD in DMD, I hope I can earn 500 - 1000% profit in a year. DMD price is quite cheap. In a bad case, I think that I can sell them without any loss in a year. However, it will be long term investment. It is normal to lose 500 USD/day when trading LTC on BTC-e. Ha ha
I still do research more about DMD when waiting for the next DMD wallet release and Cryptsy to open DMD exchange up
Thanks for your comment
