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

[tanakan]

So just a quick question if someone doesn't mind answering for me.... What is the min POS age for DMD before you start receiving rewards?

9 days for coin pile >= 100 DMD
30 days for coin pile <100 DMD (wait until you have enough coin piles with coin sum >= 100DMD)
So you need to have at least 100 DMD in your wallet for effective POS.
Good luck!

[1715146580]

1715146580

[1715146580]

1715146580

[1715146580]

1715146580

[NoobKidOnTheBlock]

So just a quick question if someone doesn't mind answering for me.... What is the min POS age for DMD before you start receiving rewards?

9 days for coin pile >= 100 DMD
30 days for coin pile <100 DMD (wait until you have enough coin piles with coin sum >= 100DMD)
So you need to have at least 100 DMD in your wallet for effective POS.
Good luck!

Thanks mate I appreciate that speedy answer to my question Cheers

[tanakan]

https://i.imgur.com/aUpTBzi.gif
Welcome back to 300K club!

[cryptonit]

Welcome back to 300K club!

in marketcap we might be close to all time high

in value per coin we still far far away
so no fear that the upwards trend is in any danger
still lot undervalued

anything below 0.003 is cheap to buy in
anything below 0.005 is to early to cash out a bit of gains

and never ever cash out all DMD
its a longterm keeper that generate constant interest

[popshot]

What would be nice for this coin are burn mechanisms  

What sort of burning have you got in mind?

Has this been successfully tested anywhere?

Diamond is already too scarce, each coin has value, the idea of disposing coins is causing me goosebumps

[cryptonit]

What would be nice for this coin are burn mechanisms  

What sort of burning have you got in mind?

Has this been successfully tested anywhere?

Diamond is already too scarce, each coin has value, the idea of disposing coins is causing me goosebumps

sell a DMD Diamond already burns
it hurts deep inside
only desperate need and no other option left
could motivate someone to do it


burning diamonds a horror vision  

[popshot]

What would be nice for this coin are burn mechanisms  

What sort of burning have you got in mind?

Has this been successfully tested anywhere?

Diamond is already too scarce, each coin has value, the idea of disposing coins is causing me goosebumps

Hahahaha. Honestly, it's been done before. Propose a service for which people pay DMD. Burn those DMD.

Technically it's doable, but where can you see examples in top 100 where such thing is implemented - not counting Counterparty and such where burning has been used to create tokens.

Why burn and not sell.. how would such service generate revenue?

 

[cryptonit]

What would be nice for this coin are burn mechanisms  

What sort of burning have you got in mind?

Has this been successfully tested anywhere?

Diamond is already too scarce, each coin has value, the idea of disposing coins is causing me goosebumps

Hahahaha. Honestly, it's been done before. Propose a service for which people pay DMD. Burn those DMD.

Technically it's doable, but where can you see examples in top 100 where such thing is implemented - not counting Counterparty and such where burning has been used to create tokens.

Why burn and not sell.. how would such service generate revenue?

 

Less supply = more scarcity, higher price.

we have a maximum of 4.3 million DMD that will be reached in around 30 years thats rare enough
people have already troubles to get some DMD cryptsy and bittrex orderbooks run dry only few hundred DMD buyable without big price raise

but yes once close to reach maximum coins a burn coin mechanism
can be a way to keep 1% POS and low POW rewards (or some follow up rollout mechanism of POW) going

now lets use the next 25 years to think about this because faster we dont need it

[big_coins]

So just a quick question if someone doesn't mind answering for me.... What is the min POS age for DMD before you start receiving rewards?

9 days for coin pile >= 100 DMD
30 days for coin pile <100 DMD (wait until you have enough coin piles with coin sum >= 100DMD)
So you need to have at least 100 DMD in your wallet for effective POS.
Good luck!

Thanks mate I appreciate that speedy answer to my question Cheers

you can lump them up into 1 big pile as that helps.

Just send your balance to yourself (your own wallet receipt address).

[cryptonit]

So just a quick question if someone doesn't mind answering for me.... What is the min POS age for DMD before you start receiving rewards?

9 days for coin pile >= 100 DMD
30 days for coin pile <100 DMD (wait until you have enough coin piles with coin sum >= 100DMD)
So you need to have at least 100 DMD in your wallet for effective POS.
Good luck!

Thanks mate I appreciate that speedy answer to my question Cheers

you can lump them up into 1 big pile as that helps.

Just send your balance to yourself (your own wallet receipt address).

but u need to understand even a transaction to urself reset the coin-age
if u want to follow this path of merge all coins together and dont use the wallet for outgoing transactions
then i suggest merge them together once and then make sure u always wait 30+ days  before open wallet in minting mode

this way the coin pile will never split

for any major DMD owner (10000+ coins)
i request to consider not follow this path and instead have a 24/7 staking wallet
this way u help protecting the network and serve the coin

like everything in life its "give and take"
and be a active node is the only thing the network request
in return for the great POS earnings u get with DMD DIamond

[cryptonit]

up to 0.00120 cryptsy have less that 750 DMD in sellorderbook



its very hard to get bigger amounts of DMD in hands this days without upwards price impact
we have to accept that supply and demand have to react with a increasing price on this situation

even we try to grow slow in value we cant ignorre the mechanics of market
so expect a phase with faster value gains until first weak hands are willing to sell DMD again

[popshot]

even we try to grow slow in value we cant ignorre the mechanics of market
so expect a phase with faster value gains until first weak hands are willing to sell DMD again

I think in the current situation the term 'weak hands' has a very positive meaning. Without those unsung heroes we'll have some rapid price growth which might not be sustainable. But of course if that's what the market wants it will get it.

[NoobKidOnTheBlock]

Anyone got a working .conf file for the latest DMD wallet? I've only got like 5 years doing it so I'm still a novice

[chilo]

Anyone got a working .conf file for the latest DMD wallet? I've only got like 5 years doing it so I'm still a novice

Hi

No .conf file required for latest wallet, permanent nodes are built in.
Just load and allow to sync automatically.

Regards
chilo

[cryptonit]

even we try to grow slow in value we cant ignorre the mechanics of market
so expect a phase with faster value gains until first weak hands are willing to sell DMD again

I think in the current situation the term 'weak hands' has a very positive meaning. Without those unsung heroes we'll have some rapid price growth which might not be sustainable. But of course if that's what the market wants it will get it.

u know what i mean

weak hand in the sence that even a "only" 100-200% value gain is motivating them to cash out
i agree without this dudes noone would be able buy DMD

lets praise the weak hands and the dmd rain they spend sometimes
for us who are diamonds-dirsty

in case u have the feeling its time to stop being a weak hand

try this:

[cryptonit]

Anyone got a working .conf file for the latest DMD wallet? I've only got like 5 years doing it so I'm still a novice

Hi

No .conf file required for latest wallet, permanent nodes are built in.
Just load and allow to sync automatically.

Regards
chilo

as chilo said basical no conf file needed since 2.0.5.7
in case u need a conf file (example solo mining or other usecase which need some settings in conf)

u can use this nodes:


logtimestamps=1
listen=1
noirc=1
addnode=193.68.21.19
addnode=54.191.208.14
addnode=54.255.133.30
addnode=54.86.164.216
addnode=167.114.184.20
addnode=37.187.176.193
#community nodes 2015.05.03
addnode=93.89.139.77
addnode=213.229.0.41
addnode=193.136.96.30
addnode=193.136.97.30
addnode=169.53.162.84

[cryptonit]

10.september 2014


29.june 2015


really no more promotion required just show this facts

DMD/USD  0.0685  -> 0.2731+398%
DMD/BTC  0.00014 -> 0.00108 +771%

[big_coins]

i think the POS should be fixed back to the orginval 3 days instead of 9. Maybe then people would offload more ?

[NoobKidOnTheBlock]

Okay guys I've downloaded the new wallet and the latest blockchain from the OP and I still get 0 connections right now for my wallet? Any ideas what I can do to fix that?

[cryptonit]

i think the POS should be fixed back to the orginval 3 days instead of 9. Maybe then people would offload more ?

original was 7 days
3 days was just because we did fear the transition into 6x faster POS

but as we did all see the transition did go smooth even with effective 9 days min age for POS
so no more need for this 3 days

and as explained already we did discuss it and decide against a mandatory wallet release for something that is not broken

from security aspect the ratio min age to max age is better when higher in well established networks with lot participants

our 9:30 is a perfect value
this together with our hybrid POW/POS security give us a great network security