but in the reactor will be DMD foundation coins which, according to previous statement from Popshot, not have been able to POS before because foundation wallet is not staking,
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-fuelCoincidence? 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.
