[ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65%

[LTCMAXMYR]

Fork again? diff drop to 78

my rigs were maintained ,it was a big hashrate drop.

that is what everyone likes

yes,i turn off the rigs ,and you will mine more coins,dump it ,get more money.
I'm sorry to disappoint your expectations

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[cryptonit]

What are we waiting for then ?

We're waiting for all the other pieces of a puzzle to fit nicely together. Algorithm is not the one and only thing that would enable us to conquer the altcoin scene. Holistic approach is required.

we never wait
we work nonstop
but not everything we do is visible to u
or let say nearly all we do invisible to u

[pallas]

digitalcoin is a good example of another team
who read the sign like we do

they switch from single algo POW to 3 algos and all are soon asic algos

Could we do that with SH-256 ?

Of course, technically there is no problem.

What are we waiting for then ?

switch to SH-256 is not good idea,
some big farm can drive the diff to very high in few minutes and left ,if he like to do it.
then other small miner will spend weeks to generate a new block.

ever heard of KGW or DGW?

[LTCMAXMYR]

ever heard of KGW or DGW?

i know maxcoin using KGW,and KGW update many versions.
there were multipool malicious attacks ,drove maxcoin diff from 10K to over 5M,and all other honest miners spent 6 hours to get next block.

[Mister1k]

If anyone knows he nows. Regulation is the end of altcoins. And here is why.
http://youtu.be/vApr2pOBHbk
Andreas Antonopolus educates the Canadian senate. October 8 2014
Its long but well worth the watch.

[cryptonit]

If anyone knows he nows. Regulation is the end of altcoins. And here is why.
http://youtu.be/vApr2pOBHbk
Andreas Antonopolus educates the Canadian senate. October 8 2014
Its long but well worth the watch.

of most......
survivors will form together the cryptobusiness future

ever hear of sidechains....

there is absolutly no reason only few base chains survive
but a serious altcoins transform into a sidechain

dmd diamond have always the focus to be a storage of wealth solution
that dont exclude a lot possible paths for the future

we wont transform into a bank but we can become a "thing" that a bank stores

like u can have goldbars stored in ur bank

[CartGeezer]

I'm getting pretty good results from the http://multipool.bit.diamonds/ multipool.  Running SHA miners, not earning quite as much as mining btc, but btc doesn't generate interest   

[CartGeezer]

I'd like to hear opinions on the most efficient block size for DMD POS.

[cryptonit]

I'd like to hear opinions on the most efficient block size for DMD POS.

100 but diamond POS is designed in a way that if will split and merge coins to reach that size by itself over a few months (a few minting circles)
bigger coin pile will split smaller coin pile will merge together

more details about DMD POS:

http://bit.diamonds/community/index.php/topic,46.msg376.html#msg376


the merge process of small 1 dmd coin pile (like a miner wallet) will start to run with full efficience when lot of the coins are older than 30 days

the minting possibility between 7-30 days is only for big coin pile and in the minting process that coin pile will be cut in 2 pieces

[DMDCreeper]

If anyone knows he nows. Regulation is the end of altcoins. And here is why.
http://youtu.be/vApr2pOBHbk
Andreas Antonopolus educates the Canadian senate. October 8 2014
Its long but well worth the watch.

Let me start by saying I am a proponent of crypto currencies for the some of the reasons Antonopolus gives in his discussion.  I think there is a need for a global digital currency and this need will increase over time as globilization occurs.

Having said that, Antonololus is either naive about banking regulations and why they exist or he is dishonest.  There are two parts of any currency.  First, there is the currency itself.  How it is generated, how the supply is controlled, how its value is retained etc.  Then there is the banking part of it.  This includes deposits, withdrawals, exchanges, and other services established for holders or users of the currency.

The biggest problems with cryptocoins are with the banking side.  Take Mt. Gox for example, and this applies to all exchanges.  They hold these currencies on behalf of users, and they initiate the trades and exchanges.  Today, these exchanges are only loosely regulated and the risk to the accounts held by the public is huge.  How many people are complaining about Cryptsy and its responsiveness to issues that affect you deposits there?  Cryptsy has no standards to operate by like a US bank holding dollar deposits does.  Mt. Gox had no oversight and what happened to it would not have happened to a well regulated bank.  Organizations like the SEC and FDIC would ensure a controlled winding down of a Mt. Gox and would ensure consumer deposits are protected. So the first point is, how does a Bitcoin or DMD holder know his coins are secured and protected? This is a huge  issue.

On the currency side of things, there is the fundamental questions of value.  If you hold physical US dollars you are secure that the value of the dollar will be somewhat stable.  Yes, there is inflation and deflation, but these conditions are controlled by managing the currency centrally.  You will not see the dollar drop 50% in value over a few months.  If it did the economies of the world would collapse.

Finally, I would like to address Atonopolus's point about security and hacking attacks on Bitcoin.  He mention the scarcity of attacks and the difficulty in breaking the crypto algorythms.  First, Willie Sutton was once asked why he robs banks.  His reply was "that's where the money is".  Hackers attack credit cards constantly because it is a multi billion dollar operation.  Bitcoins is small potatoes compared to credit card theft.  If Bitcoins reaches a high enough level of value, it too will be hacked with regularity.  And hackers will not try to break the encryption algorythms would would take an enormous amount of time.  Instead they will attack wallets, exchanges and pools.  And no one can argue that these type of attacks have not been successful.  I have mined on pools that were shut down after hackers stole all of the miner's coins held by the pool.  Needless to say the managers of the pool gave the miners a "sorry" but could not pay the miners the coins they were owed.  If a traditional bank is robbed, you will get your money and the bank will suffer the losses.  That's because banking regulations which include loss reserve provisions protect the consumer.

I won't get into the money laundering aspects of bitcoins.  I think the argument there is obvious.  But this is a very serious problem and banks spend billions of dollars to stop it.

So in summary, a currency without regulations from a central body that ensures consumers are protected will never be completely adopted by consumers.  This means the future of these currencies is very suspect.  There needs to be a meeting in the middle of traditional banking practices and crypto currencies.  If people who support crypto stubbornly stick too this concepts of anonymity and decentralization, crypto currencies will fade away.

[big_coins]

its simple really.

chinese fpga are grinding the coin to dust.

When asic's come online shift the decimal point to the left.

just look at LTC.

If devs care about price they would be proofing the algo right now, so fpga are broke.

[hallared]

I have just returned from two day forum that took place in Riga. It was broadly about electronic money with some accents on crypto currencies.
It was actually very good with majority of audience and speakers being CEOs of mainstream companies like Visa and MasterCard Europe, yandex.money, Neteller,  (former) Head of Bitcoin Foundation, lawyers etc. It basically covered the full spectrum of the topic and has been a fantastic platform for networking.
However, I’m a little surprised that the technologies based on Bitcoin protocol haven’t been more endorsed by the mainstream players. It wasn’t a question of technological inability to do so, but rather lack of trust. It made me realised how small and insignificant bitcoin really is when comparing to other means of payments. Heads of financial services were very disapproving of this technology, which reminded me of Kodak which dismissed the idea of digital camera which later on proved to be the thing that killed their business.  
What one could really learn from this conference was that there is a wave of new laws designed to make bitcoin less barbaric. I’ve spoken with leaders in their respective fields and they are really keen on accepting bitcoin and altcoins but lack of regulation simply prevents them from doing it.
Another thing that one could learn is that even the hard-core sceptics could not dismiss that the strength of bitcoin is based on its sheer size of a hashing power and the utility that it serves.  It was great to talk to Jon Matonis and the head of Gigahash, this gave me great insight into things to come. At the same time showed how long road Diamond has to travel before becoming a real success.
The whole event left me with the sense of urgency that in order to move forward Diamond has to be bold in its actions, progressive and if necessary abandon some of the ideas it thought were right, for the sake of the greater good. In order to make any impact on anything we need to get to the top area of the market capitalisation list. We need to involve more people in the production of Diamond’s success, but we would not compromise on the general plan that has been set in stone a long time ago. All we need to do (this sounds like ‘just’ but hell it’s not) is to change our way of thinking, change our methods and create a community of creative people who will make all the difference. We are already heavily analysing possible outcomes  and to be honest with you, there will be changes and there is no way around it if we don’t want to stay just some small scale project on the peripheries of the altcoin scene – and the scene itself might not have much time left anyway.  

Interesting reading about Riga Convent.

However, it would be good to know more specific which issues/problems that is causing the feeling of urgency. Also how urgent is urgent?

To get a better picture of the situation, a clearer identification of the issues/problems and possible solutions in combination with an analysis of consequences would be very appreciated.

[unamis76]

Mined a bit of this in the early days... Good to see this coin is still active

[popshot]

Interesting reading about Riga Convent.

However, it would be good to know more specific which issues/problems that is causing the feeling of urgency. Also how urgent is urgent?

To get a better picture of the situation, a clearer identification of the issues/problems and possible solutions in combination with an analysis of consequences would be very appreciated.

Well , these are some of my ideas for you...

Issue number one is security and stability. Even though we have superior setup of hybrid security, PoW is an important part of the network protection. PoS should not be our primary line of defence against the attacks but rather the last resort. At the moment Bitcoin has network hashrate of mind boggling over 300 PH/s. If we were able to tap to this power we would be seen as serious contenders whose network is well protected. The less uncertainty in security department the easier it will be to convince businesses to trust us. We cannot be secured by GPUs only, it’s not serious.

Changing algorithm would have to go together with the way rewards are issued, it would not be appropriate to allow only selected mining pools to reap all the rewards leaving small time users and miners without possibility of getting hold of Diamonds. We would have to see transformation of services currently provided such as Multipool and Diamond Cloud Mining into one power house that would ensure even and wide distribution of the rewards. We would be aiming at creating volume for Diamond through price hike. There is plenty of volume in Diamond, it is just a matter of price.

We need to go legal to create (non-profit) company that would be able to form formal contracts with businesses. No one is going to deal with individuals. This part is actually really difficult due to various restrictions and lack of clear laws. Banking sector is stifling startups on purpose cutting access to their services and capital. Even though it’s costly and difficult it has to be done. Anyone who would think seriously about trying to get through to the mainstream or at least Bitcoin like markets could set up a company and together with us form a corporation. This would legitimise our existence and encourage adoption. This is departure from decentralised model into a pseudo certalised one. Many people might not like it, but if we don’t want to be gone we need to sacrifice something for greater good.
 
We need to form a community of people who are able to help this project move forward. Programmers, activists, lawyers, PR, etc.. We need to become members of different Crypto Associations to be abele to voice our needs and opinions and have a say in matters that could influence policies. Taking proactive role in these things would not only be great for networking but would also attract investors which we badly need. Specialists would not be able work for free or just for an idea or promise of future profits, but real salary; right now we are not able to provide such sustained hard cash incentive.

Diamond needs to innovate. I personally hold a view that sidechain technology is something we should really consider. It opens a lot of possibilities for future development and services that would be attractive to businesses. However, not everyone shares my way of thinking on that subject, but this can be negotiated.

In terms of urgency, I think within a year we could expect new regulations on Bitcoin and eventually altcoins which would make things much more difficult to do unless we have some established and investment attractive services. What’s more, Bitcoin and other projects that are way more capitalised do not sleep, they work round the clock to come up with some ever more killer app solutions that would marginalise the need for small scale cryptocoin alternatives.

I want to remind people that we are not here because we have some spare time and have nothing better to do. We strongly believe in cryptos and we want this project to last and be successful, that is why we will do everything in our powers to make it work for us and for everybody else who put trust in Diamond and invested their time, effort and money into it. We cannot have any other mind-set otherwise we fail.

One year, which is my estimation only is a very short period of time. Competition doesn’t sleep and we are not allowed to stay static. I would say all the changes are urgent (the sooner implemented the better), some we are already working on while some will take a lot of effort and time to accomplish.

Everyone is welcome to chip in their ideas and most importantly do not sit on the side-lines and observe how it all unfolds. We the people are creating our own future here, the more people are actively involved the more likely our future will happen.

[cryptonit]

http://multipool.bit.diamonds/
Cloudmining ROI stats show now as default your account ROI stats if u own DMD cloudmining shares
(global stats of all account can be selected per button)
if u own no DMD Cloudmining shares all Accounts ROI will be displayed

allow users move shares to another account is in planing phase
which would allow users to trade with each other

in first phase it wont be a market but just the possibility for a user to move shares towards another user

a requirement for this to happen will be a register ur wallet for change settings
(as it is now u can only watch stats but change no settings this is the reason why there is no login security required)

in future that will change up to a degree that we also include some simple form of two way authentication
 



http://multipool.bit.diamonds/
cloud@bit.diamonds


INVEST ONCE -> EARN EACH DAY!

no power cost
no maintenance
no heat
no noise
nothing beside payouts

http://multipool.bit.diamonds/
email cloud@bit.diamonds for more infos





What's the best way to invest into DMD?
In my opinion you should split your investment into the following:
By buying 50% DMD direct and 50% into DMD Cloudmining
This way you can maximize your profit and stabilize the coin.
http://multipool.bit.diamonds/
cloud@bit.diamonds

Also by providing your referrer wallet address we can make sure both the investor and referrer both get bonus shares.

Got no referrer still want the bonus shares? Ask for a referrer here someone sure willing help ya get bonus shares.

[Boffin1818]

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!!!

[cryptonit]

Regulation I hope is 6+ years away to allow the technology to grow and mature.  

no way we have 6 years time....

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!!!

this and lot more is on our todo list
but at the end of the day u sort and prioritize the points on this list
sometimes u reevaluate the points and remove some from the list
because change of time made that point no longer valid or absorbed and be part of another point

u keep ur coding power always busy by splitting the todolist points into workpackages and constant feed them with it


keep ur good feedback incoming
it give a good feeling when people suggest something we have on todo list anyway
that show we are on right track

and sometimes there things incoming where we say nice idea lets add it to the list

[stillontop]

Today I have been thinking about Diamondcoins success and I have came up with a thing or two. First of all Diamondcoin needs to feel like a real treasure and it's name and the graphics in use are already doing a good job, but there is more to be done, like two factor auth. Furthermore it needs an instant use for it's supporters.

Now we have some Diamondcoins sitting in our wallets and they generate a few coins within an uncertain amount of time and that is totally fine, but actually I can not buy many real things and the need to trade them with others is really low. In my opinion this should change, because a relativly small number of people stacking up their wallets will not help Diamondcoin to succeed and it is boring.

My idea is quite simple, we should create subsets of diamond coins, let's call them "fancy diamond coins" and each of them still has a value of 1 DMD. Let's say there are 256 different fancy diamond coins. All DMDs created by PoW are normal, but as soon as they beginn to mint, they become a fancy diamond coin with a certain color and shape. Now we would need some kind of trade channel in the Diamond Wallet, where people could trade their randomly generated fancy DMDs with the goal to collect all different kinds of them, to form a "full set of diamonds" which could lead to all kinds of benefits, like slightly higher gains in PoS, lower fees in PoW pools and of course, great reputation in the community.

[shveicar]

Today I have been thinking about Diamondcoins success and I have came up with a thing or two. First of all Diamondcoin needs to feel like a real treasure and it's name and the graphics in use are already doing a good job, but there is more to be done, like two factor auth. Furthermore it needs an instant use for it's supporters.

Now we have some Diamondcoins sitting in our wallets and they generate a few coins within an uncertain amount of time and that is totally fine, but actually I can not buy many real things and the need to trade them with others is really low. In my opinion this should change, because a relativly small number of people stacking up their wallets will not help Diamondcoin to succeed and it is boring.

My idea is quite simple, we should create subsets of diamond coins, let's call them "fancy diamond coins" and each of them still has a value of 1 DMD. Let's say there are 256 different fancy diamond coins. All DMDs created by PoW are normal, but as soon as they beginn to mint, they become a "fancy diamond coin" with a certain color and shape. Now we would need some kind of trade channel in the Diamond Wallet, where people could trade their randomly generated "fancy DMDs" with the goal to collect all different kinds of them, to form a "full set of diamonds" which could lead to all kinds of benefits, like slighty higher gains in PoS, lower fees in PoW pools and of course, great reputation in the community.

Diamonds for serious people. This is not a collection of various brands and labels that would be typing a bunch of garbage, get a reward with beer can. Let the stupid hamsters engaged in such nonsense. Diamond serious coin and no needs necessary lovers giveaways and freebies in the form of multi-colored candy wrappers.

P.s With all due respect to your ideas.

[stillontop]

Serious people still like to collect and trade things, look at real coins or stamps. Would you consider those people, who like to collect them unserious?