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

[cryptonit]

The only people who rightfully should be offended by this process is btc holders. Dmd is an investment coin, and plays a long game. The time is now to push, and position yourself for maximum gain. We are currently trading off relatively high btc worth, low dmd worth. I think btc has yet a long time to run,  however the plan is for dmd to outlast btc (IMO).

any multipool mining with BTC payouts is basical a hostile act against the coins that are mined

it is creating buy pressure on BTC and sellpressure on the coin that is mined

=value gained for BTC value lost for all the coins the multipool did mine


DMD Cloudmining/Multipool is abusing this hostile act against BTC by add one step on top of it

that step is the BTC then is sold to buy DMD

= value gained for DMD value lost for BTC

the fear that DMD cloudmining shareholder sell DMD to earn BTC is just wrong
the opposite is true

someone who wana hold value in BTC would never use DMD multipool or DMD cloudmining

its would be ad absurdum the whole concept and just convert value back and forward without sence only feed cryptsy with fees.....

yes its a hard world there in cryptobusiness and coins compete against each other
and the coins that people hold are the winner and that coins that people sell are the losers

but holding alone is not success u also need the ability to sell once u in need (liquidity)
and there DMD cloudmining is generating a base buypressure that gurantee in need u can sell some coins
its clear that if everyone want to cash out at once it not works

but to be able cash out 1 BTC over a few days is absolute no problem

we create at the moment with dmdm cloudmining alone around 0.2-0.3 BTC daily buypressure
and we far from reaching the goals of DMD cloudmining size and buypower

and see that buypressure on top of normal market behavior

look at coins like mintcoin and so on all the coins that aim at holders with POS rewards earnings
they all suffer from low liquidity and non existing buypressure on market

we have tools that proove to work and we expand their power and attractiveness to invest into them
people who dislike that i dont understand u

its not one or another

its not DMD cloudmining + reactor against ecommerce and DMD used as paymentsolution

we can have both but we focus our work as foundation in that direction where we see our strengh

if there are community projects to promote DMD as payment coins in 3rd party services
that projects are welcome and if u need support from us get in touch with us

[chilo]

cloudmining is not part of the coin, it's a separate service.
with the reactor and its mandatory wallet upgrade, it will be inherently part of the coin.
I think this is a pretty huge conceptual issue.
but I see people don't care about this kind of things, they just want to make more money.

Hi pallas,

With all respect, you may not be realising the effect of the cloudmining  venture. Investors are literally trading off the value of bitcoin while increasing the value of Diamond. The more cloudmining, the more btc-dmd transfer, the greater the value of dmd. Until, possibly, dmd eclipses btc.

The only people who rightfully should be offended by this process is btc holders. Dmd is an investment coin, and plays a long game. The time is now to push, and position yourself for maximum gain. We are currently trading off relatively high btc worth, low dmd worth. I think btc has yet a long time to run,  however the plan is for dmd to outlast btc (IMO).

Even in a trustless environment, a certain amount of trust and caution is required.

Regards

chilo

you may not be realising you are confirming what I just said :-)

Indeed. What else are we here for than to make and hold assets?

[cryptonit]

Indeed. What else are we here for than to make and hold assets?

we want them to gain in value
and be exchangeable into other forms of value when we need it
(not instant not all at once but in small amounts we want to be able cash out in need)

details about that i explained i my last posting
https://bitcointalk.org/index.php?topic=580725.msg10309274#msg10309274

just to hold isnt enough purpose for a coin

and all we do is working towards this goal to

raise of value and raise of liquitity

i didnt see any detailed plan of people who dislike dmd cloudmining and reactor

that would generate similar effects

please present ur plans

they wont replace dmd cloudmining and reactor
but we can add it as additional  buypressure generating mechanics that increase value and liquidity of DMD

[chilo]

Indeed. What else are we here for than to make and hold assets?

we want them to gain in value
and be exchangeable into other forms of value when we need it
(not instant not all at once but in small amounts we want to be able cash out in need)

details about that i explained i my last posting
https://bitcointalk.org/index.php?topic=580725.msg10309274#msg10309274

just to hold isnt enough purpose for a coin

and all we do is working towards this goal to

raise of value and raise of liquitity

i didnt see any detailed plan of people who dislike dmd cloudmining and reactor

that would generate similar effects

please present ur plans

they wont replace dmd cloudmining and reactor
but we can add it as additional  buypressure generating mechanics that increase value and liquidity of DMD

I agree. Buy pressure makes value, and value makes assets. I am holding mine!

[popshot]

In my veiew talk is cheap. Create demand, create economy .. do you think we haven't spoken to eCommere services to integrate us?
They make a quick look at volume and say .. sorry, we need coins with bigger volume / bigger capitalisation. Bigger volume in our coin can only come from higher price per piece.
Anyway, we are not a payment coin and never will be as default - that market segment is full of other solutions which we cannot compete with.
Even if you had places where to sell DMDs they would be instantly converted into BTC putting sell pressure on Diamond.
Even, Reggie0 when he opens his service accepting DMDs cannot seriously claim he will not sell it for BTC.

Diamond is an investment vehicle, you invest and get returns. The way to sustain such claims is by creating demand.
Artificial demand is one of the ways.. NuBits does that, anyone crying about it there?

Diamond Cloud Mining is part of Diamond network, however you look at it - Diamond is not just a computer programme, but people that support it. Just how many people are willing to sacrifice all their time (day after day after day) to trustfully run it? This is big burden and of course if there was a way to let it run automatic that would be fantastic.

I would much more appreciate actions than wise opinions, because taking costs nothing and it's the actions that ultimately matter.

Those who buy cloud mining shares they at least do the action that directly translates into meaningful support of the coin (price stability).
Security from PoW miners is arguable .. any bigger attacker could gain majority at any given time and that happened many times in the past.

You want demand for Diamond than go out there and make it. Let's everyone play their bit. Write blog articles spend days and nights on this and then this will make some difference.

[pallas]

In my veiew talk is cheap. Create demand, create economy .. do you think we haven't spoken to eCommere services to integrate us?
They make a quick look at volume and say .. sorry, we need coins with bigger volume / bigger capitalisation. Bigger volume in our coin can only come from higher price per piece.
Anyway, we are not a payment coin and never will be as default - that market segment is full of other solutions which we cannot compete with.
Even if you had places where to sell DMDs they would be instantly converted into BTC putting sell pressure on Diamond.
Even, Reggie0 when he opens his service accepting DMDs cannot seriously claim he will not sell it for BTC.

Diamond is an investment vehicle, you invest and get returns. The way to sustain such claims is by creating demand.
Artificial demand is one of the ways.. NuBits does that, anyone crying about it there?

Diamond Cloud Mining is part of Diamond network, however you look at it - Diamond is not just a computer programme, but people that support it. Just how many people are willing to sacrifice all their time (day after day after day) to trustfully run it? This is big burden and of course if there was a way to let it run automatic that would be fantastic.

I would much more appreciate actions than wise opinions, because taking costs nothing and it's the actions that ultimately matter.

Those who buy cloud mining shares they at least do the action that directly translates into meaningful support of the coin (price stability).
Security from PoW miners is arguable .. any bigger attacker could gain majority at any given time and that happened many times in the past.

You want demand for Diamond than go out there and make it. Let's everyone play their bit. Write blog articles spend days and nights on this and then this will make some difference.

I agree with all that you are saying.
I didn't want to write what's wrong about the reactor for me but since you all are calling here it is:

You are forgetting what's the true nature of cryptocurrencies, and their first characteristics: being fair, secure and decentralised.
There are many thing that go in the opposite direction about the reactor:

- it creates a single, specific address with different PoS compensation
- it asks people to send their money to a single address
- it makes important changes to the opensource wallet without asking the community first
- it gives more reward only to people who partecipate to an external program
- it gives more reward only to people who can afford it

etc. etc. etc.

Again you all may agree this is good, well just do it...
I also see you are saying opinions don't matter but facts do... but facts must come AFTER opinions!

[cryptonit]

- it creates a single, specific address with different PoS compensation
for reactor v1 that is true but its done in a secure way implemented into all wallets not in a single wallet hack
technical solutions for a reactor v2 setup are welcome to reach similar effect with a decentralizes solution
- it asks people to send their money to a single address
the most tranparent way so everyone can see the reactor in action and how his coins are minting
i would see a decentral solution much more intransparent no one can check out how much coins really stake with the advanced ruleset
- it makes important changes to the opensource wallet without asking the community first
open source means everyone can reuse the code for his projects not that our version of the code need aprovement from everyone to be changed
- it gives more reward only to people who partecipate to an external program
dmd cloudmining and reactor are integral parts of the cryptocurrence ecosystem called DMD Diamond
- it gives more reward only to people who can afford it
who cant afford 100$ is maybe wrong at DMD Diamond as investor
we never stated that our goal is to be a coin for all the people
even after 30 years not enough DMD exist to give each human a single coin
DMD is clear designed as a crypto business vehicle for investors
and that normal people as early adopter have the chance to secure for themself a part of this is a great opportunity

not long ago a designer of a possible 3rd party project that if it ever will be lanched would utilize DMD asked me
how much DMD can i buy with 200000$

i answered him theoretical all existing
practical not even 50k

this just as little hint how fast value can change

[cryptonit]

Diamond reactor need a logo!

somewhere between this two impressions





i expect the logo existing in multiple sizes and with a bit variance

who want feel free to take part in this competition i will reward the winner with 200 DMD!

competition runs until 15.02.2015

post ur stuff in this thread community feedback will give us a guideline of acceptance
but final decision will be made by dmd diamond foundation

regarding different size look as the example of the DMD logo here

http://bit.diamonds/promo.html

[cryptonit]

DIAMND
REACTR

                                     
  Pre launch announcement  
                                     

*		*
	Why and what? Coin rollout plan is behind the schedule. There are fewer people generating coins through Proof of Stake than it was initially assumed. We have decided to introduce a mechanism that will make sure we stick to the original rollout plan. Diamond Reactor is a special wallet (A SERVICE, NOT A PERSONAL CLIENT) that can stake x4 the normal rate, which at this rollout phase is 200% per annum instead of 50%. Who can use it and how? Diamond Reactor is designed to be a part of Diamond Stabilisation Mechanism, very much interwoven with Diamond Cloud Mining and Diamond Multipool. Apart form obvious role of increased coin generation, it will be employed as an incentive to existing and future Diamond investors wishing to make the core feature of price guarantee more robust and effective. Diamond Reactor is an empty pool (address) able too accommodate 100,000 coins. That amount is divided into slots of 500 coins each. However, depending on how coin rollout unfolds, we we could increase or decrease the amount of Slots we open in the reactor. Reactor's address will be fully transparent, so anyone will be able to audit it at any given time. In the initial stage, any person who mines for shares through Diamond Multipool or invested in Diamond Cloud Mining and owns at least 100 shares has a right to use 3 slots (1500DMDs in total). Each slot has to be filled with exact amount not less not more. Sent coins will reside at that wallet for the period from 10 to 40 weeks, generating interest for slot holders. The interest generated that will be paid out is 100% per annum, which means that after 40 weeks time it would almost double your holdings. Payouts will be made every week and when Slot time runs out, the coins will be send back to the owner.   The remaining 100% will be fed into Diamond Cloud Mining payouts making it even more attractive option to investors. What happens next? After the first coins from the initial phase are returned, there will be 5 slots to be filled with new coins each week (and held for another 40 weeks). The winners of slot places will be those who had invested the most in Diamond Cloud Mining within the period of 7 days (each week). Investment can be made directly with BTC or through mining for shares at Diamond Multipool. Owners of 100+ shares, who want to fill their Slots, please email us at: cloud@bit.diamonds What are the aims? 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.
*		*

We encourage you to ask us question if something is not clear or you want to learn more about the Reactor in greater detail.

[cryptonit]

NO Electricity Bills                                
  NO Maintenance                                    
    NO Heat                                                
      NO Noise                                              
        NO Timesink                                        
          NO Complicated technology                
            NO Quickly decreasing mining rewards

Join DMD Cloudmining
     -> EARN DMD EACH DAY!
                    
                   YES!

(additional u can qualify for a Diamond Reactor slot!)

Visit us:  cloudmining.bit.diamonds
for terms & conditions Email us: cloud@bit.diamonds
      


What's the best way join into DMD Diamond and DMD Cloudmining?

I suggest split it as follows:

 a) 50% on buying Diamonds directly
 b) 50% in Diamond Cloud Mining.

 This way I could achieve both maximizing the profit and stabilizing the coin.
 Diamond Cloud Mining can earn Diamonds every day, those Diamonds stake with 50% PoS interest.
 Some would call that Double PoS or simply PoS² (Proof of Shares and Proof of Stake).

I am not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker or Financial Planner. The Information is provided for information purposes only. The Information is not intended to be and does not constitute financial advice or any other advice, is general in nature and not specific to you. Before using this information to make an investment decision, you should seek the advice of a qualified and registered securities professional and undertake your own due diligence. None of the information is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. DMD Diamond is not a regulated investment vehicle. DMD Diamond, like all crypto currencies, is experimental in nature and should be considered and treated with appropriate caution. There is no central point of control or representative entity, DMD Diamond is a distributed decentralized peer-to-peer currency and commodity. Consult a licensed professional financial advisor before making any investment decisions. I am not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.

[DMDCreeper]

In my veiew talk is cheap. Create demand, create economy .. do you think we haven't spoken to eCommere services to integrate us?
They make a quick look at volume and say .. sorry, we need coins with bigger volume / bigger capitalisation. Bigger volume in our coin can only come from higher price per piece.
Anyway, we are not a payment coin and never will be as default - that market segment is full of other solutions which we cannot compete with.
Even if you had places where to sell DMDs they would be instantly converted into BTC putting sell pressure on Diamond.
Even, Reggie0 when he opens his service accepting DMDs cannot seriously claim he will not sell it for BTC.

Diamond is an investment vehicle, you invest and get returns. The way to sustain such claims is by creating demand.
Artificial demand is one of the ways.. NuBits does that, anyone crying about it there?

Diamond Cloud Mining is part of Diamond network, however you look at it - Diamond is not just a computer programme, but people that support it. Just how many people are willing to sacrifice all their time (day after day after day) to trustfully run it? This is big burden and of course if there was a way to let it run automatic that would be fantastic.

I would much more appreciate actions than wise opinions, because taking costs nothing and it's the actions that ultimately matter.

Those who buy cloud mining shares they at least do the action that directly translates into meaningful support of the coin (price stability).
Security from PoW miners is arguable .. any bigger attacker could gain majority at any given time and that happened many times in the past.

You want demand for Diamond than go out there and make it. Let's everyone play their bit. Write blog articles spend days and nights on this and then this will make some difference.

You say DMD is an investment vehicle and you may be right, but I think that makes DMD a bit like a Ponzi scheme.  What I mean by that is, an investment is only worth something when you sell it.  All of these DMD supporters hording DMDs are only delaying the fall to the real value of the coin.  Cloudmining boosts value by creating false demand.  Its brilliant really.  Watch what happens to the trading price of DMD every time there is a buy or sell order.  A few hundred coins causes the price to drop because volume is so low.  What happens when investors liquidate?  You can see what's going to happen.  The first guy to sell out his stake will benefit the most.  But selling his coin will drop the value to everyone else.  Then they will sell creating a crash in the DMD market.  As others have said, there is no economy behind DMD to offset such a scenario.

Commerce, as others have said is the only way to prevent this.  But commerce is never going to happen.  The DMD community is too small  and businesses can see that DMD is really just an "investment vehicle".

I have been mining DMD for almost a year now.  I am already losing money to a small degree.  I know in the near future mining for me will be just a stupid choice.  I suspect I am not the only one.  The question for DMD is who blinks first and sells?

[SgtMoth]

Lots of confusion over reactor decisions by cryptonit & team,

Let's clear it up ,

Diamond is not a community coin, it is not decentralized.
You were mislead if you believed that.

Diamond is Cryptonit & Team's Coin, it will be centralized if they decide so.

It is his Way or the Highway, no other options, no voting to make a difference, you just accept their choices or leave.

That Simple.

Truth....

[Reggie0]

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.

So you don't think the reactor will strengthen the economy, just as the cloudmining did?

It will not strengthen the economy due its nature, just like PoS. Cloudmining helps to link the exchange rate to other coins and bitcoin which is helpful because you can't establish economy if ex.rate is unstable.
But staking only prevents the mass selling and does nothing more. Reactor is an other method to hold the coins(maybe more coin than PoS) while it extremely increases the number of coins and decreases network security because you have to hold lot of user's coins at _one_ node.
If there are no economy(=trading goods) then your coins value will be based on a bubble.

This reactor looks like the gnomes' plan in south park:
1. get dmd
2. reactor
3. ? ? ?
4. profit

[popshot]

This reactor looks like the gnomes' plan in south park:
1. get dmd
2.
3.
4. profit

[vegasguy]

I think the devs hopefully get the message, that we dont want it. Devs if you want to reward your loyal holders of dmd, that have also bought cloudmining shares,  then create a special software wallet that rewards 200% pos to reward those with 100 shares min in cloudmining. Its VERY VERY concerning that I must send my dmd to another wallet, a BIG one at that. I posted a question a few days ago and it wasnt answered "what happends if the reactor wallet gets hacked and all funds are stolen"? Dev, if it gets hacked, will you be responsible for all the lost dmd, and pay the victims that have lost loads of their dmd? As much as I love dmd, I just keep asking myself why devs are asking dmd to be sent to another wallet. This is against everything that crypocurrency is about. WAKE UP GUYS!!! There is NO MAGICAL REACTOR. Its a wallet address, thats all!  If you are freely sending large amounts of  dmd to strangers across the other side of the world to hold onto in the name of greed, then pm me for my dmd address, and Ill hold it for you, and Ill even take the time to reinvest all the rewards back into it, free of charge LOL greedy idiots get EXACTLY whats coming to you.

Vegas

[shveicar]

I think the devs hopefully get the message, that we dont want it. Devs if you want to reward your loyal holders of dmd, that have also bought cloudmining shares,  then create a special software wallet that rewards 200% pos to reward those with 100 shares min in cloudmining. Its VERY VERY concerning that I must send my dmd to another wallet, a BIG one at that. I posted a question a few days ago and it wasnt answered "what happends if the reactor wallet gets hacked and all funds are stolen"? Dev, if it gets hacked, will you be responsible for all the lost dmd, and pay the victims that have lost loads of their dmd? As much as I love dmd, I just keep asking myself why devs are asking dmd to be sent to another wallet. This is against everything that crypocurrency is about. WAKE UP GUYS!!! There is NO MAGICAL REACTOR. Its a wallet address, thats all!  If you are freely sending large amounts of  dmd to strangers across the other side of the world to hold onto in the name of greed, then pm me for my dmd address, and Ill hold it for you, and Ill even take the time to reinvest all the rewards back into it, free of charge LOL greedy idiots get EXACTLY whats coming to you.

Vegas

If you think that the developers want you to cheat and pick up your coins yourself, then you are in general doing here?
No one is forcing you to send coins to the reactor. This is just one way to help Diamond project and receive additional compensation.
 
 People are willing to keep tens of thousands of dollars on various exchanges. in this case they simply trust public opinion. (At least remember exchanger mtgox or mintpal).
 No verification will not help you if exchanger decided to cheat. But when it comes to the new project (eg Diamond reactor) some are afraid to invest a few hundred dollars.
  This is a very big misconception.

[popshot]

I think the devs hopefully get the message, that we dont want it. Devs if you want to reward your loyal holders of dmd, that have also bought cloudmining shares,  then create a special software wallet that rewards 200% pos to reward those with 100 shares min in cloudmining. Its VERY VERY concerning that I must send my dmd to another wallet, a BIG one at that. I posted a question a few days ago and it wasnt answered "what happends if the reactor wallet gets hacked and all funds are stolen"? Dev, if it gets hacked, will you be responsible for all the lost dmd, and pay the victims that have lost loads of their dmd? As much as I love dmd, I just keep asking myself why devs are asking dmd to be sent to another wallet. This is against everything that crypocurrency is about. WAKE UP GUYS!!! There is NO MAGICAL REACTOR. Its a wallet address, thats all!  If you are freely sending large amounts of  dmd to strangers across the other side of the world to hold onto in the name of greed, then pm me for my dmd address, and Ill hold it for you, and Ill even take the time to reinvest all the rewards back into it, free of charge LOL greedy idiots get EXACTLY whats coming to you.

Vegas

Greed is good.

to strangers across the other side of the world

Next time you are in Manchester, we need to meet for a beer.

[cryptonit]

if reactor in the form its designed split community that much
we freeze project and research possibilities to launch it decentralized

or even cancel it at all

people who send coins already will get them back
and 5% on top as replacement for lost coin age

there is a second reason why we choose to set this step

alex just this moment analyze a very interesting business proposal
that could have effects that go far above reactor

until we analyzed possible impact on reactor project and finish talks with possible partners
we would have to freeze reactor rollout anyway



so "glow blue might come late or never"
but the new business proposal we are analyzing might be something better

i full understand people will say we created a fairy tale about a new project
to defend our freeze of reactor project

believe me i have the balls to change plans without need for cheap excuses

and i have to say congrats to alex this is the greatest success in his crypto business networking

and i really hope it work out the way he described it to me

which indeed would be fantastic news

[popshot]

Well ,yes.. call it coincidence  .

Please don't take it personally if I don't disclose any details at this point.

It indeed looks like some cheap excuse.  haha

Simply put, the reactor would not be needed.

Actually it is so interesting that there would be no point in keeping your coins without staking at reactor.

Right now it's a gamble, but the one worth taking.

[chilo]

So don't send DMD to reactor if not already sent?