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

[coins101]

Hey, I'm new here. Be gentle with me. This is not spam.

I contribute to several projects, the main ones being SPR, VTR & to a much lesser extent now DASH.

I got a PM from someone on this thread asking about ServiceNodes, SPRs version of Master Nodes.

I run a thread for 'Imagineering' the types of products ServiceNodes can operate.

As we all know, there are nearly 600 projects on Coinmarketcap, 540 of which are mineable. Then there are probably another 50-100 projects that are off the radar.

I can't imagine that all these projects will be able to compete with Bitcoin on the currency front. Some might, but given the amount of integration work required by merchants, payment processors and other contributors such as ATMs, what are the chances of really competing as a global currency?

This is the reason why I joined the SPR team. ServiceNodes mean you can create products and services that can run off your own projects currency or token; in addition to being able to accept Bitcoin or other currencies.

People are more likely to use a specialist service than a specialist currency. So I think services are the next big wave and the route to mass adoption.

There are many different services that can be operated through a decentralised network. DMD can create, for example, a diamond escrow service that tracks serial numbers laser scanned into verified diamonds. People using this service would pay DMD escrow and verification agents in DMD meaning they would have to buy DMD with fiat.

Stolen diamonds would have to remain off the DMD escrow service as the laser scanned serial number would be flagged and the original owners identified by the escrow agents. People buying diamonds could check the serial numbers on their phones before they buy. That means that stolen diamonds would become worthless.

Escrow agents could be appointed to the network on the basis of having to buy a franchise, and maintaining that franchise would mean paying fees to the network and keeping a good rating score.

Whatever service DMD would want to introduce, it can do so on the SPR ServiceNode network. You don't have to create your own masternode network. Focus instead on the product you would want to develop knowing that you would be able to plug into a ready made decentralised network.

Just a thought.

[cryptonit]

hi coins101

thx for posting here
our aim is to provide longterm bitcoin 2.0 possibilities to dmd diamond users

ur servicenode concept is not full bitcoin 2.0 but still interesting

but as far as i understand ur coin its open source like ours
and there is no reason we should not evaluate a own masternodes implementation into DMD if we like it

in the future i agree service plattforms will establish that can provide services for different coins

but we should not throw away the goal to be provider of plattform and service

later on after evaluation we know more if establish a own plattform is the way or link to one or multiple other platforms

[coins101]

hi coins101

thx for posting here
our aim is to provide longterm bitcoin 2.0 possibilities to dmd diamond users

ur servicenode concept is not full bitcoin 2.0 but still interesting

but as far as i understand ur coin its open source like ours
and there is no reason we should not evaluate a own masternodes implementation into DMD if we like it

in the future i agree service plattforms will establish that can provide services for different coins

but we should not throw away the goal to be provider of plattform and service

later on after evaluation we know more if establish a own plattform is the way or link to one or multiple other platforms

No problem.

The only thing I would add is this - there are many people working on crypto projects, but there are only a small number of people working on each project.

Where there is no direct competition, helping each other build one platform or links to one platform must be a better use of all our limited resources, compared to trying to work alone? That way you can maintain focus on the stability of your core network, focus on specific applications that are based on your core project values, and benefit from working with others on common ground.

[cryptonit]

hi coins101

thx for posting here
our aim is to provide longterm bitcoin 2.0 possibilities to dmd diamond users

ur servicenode concept is not full bitcoin 2.0 but still interesting

but as far as i understand ur coin its open source like ours
and there is no reason we should not evaluate a own masternodes implementation into DMD if we like it

in the future i agree service plattforms will establish that can provide services for different coins

but we should not throw away the goal to be provider of plattform and service

later on after evaluation we know more if establish a own plattform is the way or link to one or multiple other platforms

No problem.

The only thing I would add is this - there are many people working on crypto projects, but there are only a small number of people working on each project.

Where there is no direct competition, helping each other build one platform or links to one platform must be a better use of all our limited resources, compared to trying to work alone? That way you can maintain focus on the stability of your core network, focus on specific applications that are based on your core project values, and benefit from working with others on common ground.

aggree but then the projects multiple coins working together cant only have the brand of one on it

then the servicenode network would be seperate network and all other coins connect to it

but we need to talk about it in core team maybe invide u for a talk
pm me ur skype name please

[coins101]

hi coins101

thx for posting here
our aim is to provide longterm bitcoin 2.0 possibilities to dmd diamond users

ur servicenode concept is not full bitcoin 2.0 but still interesting

but as far as i understand ur coin its open source like ours
and there is no reason we should not evaluate a own masternodes implementation into DMD if we like it

in the future i agree service plattforms will establish that can provide services for different coins

but we should not throw away the goal to be provider of plattform and service

later on after evaluation we know more if establish a own plattform is the way or link to one or multiple other platforms

No problem.

The only thing I would add is this - there are many people working on crypto projects, but there are only a small number of people working on each project.

Where there is no direct competition, helping each other build one platform or links to one platform must be a better use of all our limited resources, compared to trying to work alone? That way you can maintain focus on the stability of your core network, focus on specific applications that are based on your core project values, and benefit from working with others on common ground.

aggree but then the projects multiple coins working together cant only have the brand of one on it

then the servicenode network would be seperate network and all other coins connect to it

but we need to talk about it in core team maybe invide u for a talk
pm me ur skype name please

Yeah, sure.

The updated ServiceNode network is coming out in a few weeks. Lets wait for that and then we can get others involved too.

[utahjohn]

OK now I see 5 wallets 2.0.5.6, this is not just Danbi testing ...
would be nice to see a change log.

The changes I am testing now, on several nodes to see how it behaves under real-world load are purely optimisations to reduce CPU load. We suffer from CPU load on popular nodes and this slows the network down, creates more orphans and frustrates people (especially miners). The changes are intended to not create forks and if I end up with more drastic optimisations, might be testers will be needed.

The changes you suggest are cosmetic and while nice to have do not actually impact the network performance, especially because the events are random and the prediction code in the wallet is never correct (can't be correct by definition).

There will be, as always full change log when the code is published to github.

Thanks Daniel, I know u stay in the background most the time but your work is appreciated
BTW glad to see the misbehaving 2.0.4.1 and prior codebases gone
And I wouldn't mind having a stout beer with you if u ever get the chance to visit USA.

[ajqjjj]

6.041218 estimate by 125.83 MH ? at these levels is impossible mining. this will really change at some point?

[utahjohn]

Dave has added a few new stats to the donkeypool worker stats page welcome info that I used to have to look for elsewhere ...

[cryptonit]

6.041218 estimate by 125.83 MH ? at these levels is impossible mining. this will really change at some point?

this is out of control for us
we cant forbid people to mine dmd
i myself have only a small 3 750ti rig mining DMD direct solo
mostly just to test everthing works fine with mining

with my other rigs i use https://multipool.bit.diamonds/
much more DMD earned this way

[Mister1k]

6.041218 estimate by 125.83 MH ? at these levels is impossible mining. this will really change at some point?

Super blocks would maybe be an alternative. One in 100 blocks or something.
worth 1 DMD or 2 DMD. Just a thought. It would keep an incentive for new miners and old miners.
Right now there is no incentive. I live where there is time of day pricing for electricity.
One 7950 yields One diamond a day. I'm not complaining just a suggestion.

[cryptonit]

6.041218 estimate by 125.83 MH ? at these levels is impossible mining. this will really change at some point?

Super blocks would maybe be an alternative. One in 100 blocks or something.
worth 1 DMD or 2 DMD. Just a thought. It would keep an incentive for new miners and old miners.
Right now there is no incentive. I live where there is time of day pricing for electricity.
One 7950 yields One diamond a day. I'm not complaining just a suggestion.

we had this in DMD v1
and removed it because it was flawed and did allow to predict when a superblock will happen
a fact that multipools in that days heavy abused

i have to say the network hashrate now is way higher than we expected
there is nothing we have to do to make mining more attractive
its clear a 90% reduction in mining reward result in around 90% lower network hashrate
if net hashrate dont reduce by 90% the DMD each miner earns are less
or the dmd value did increase that much to give them same rewards

thats a self adjusting system between rewards and people who mine and value of coin
if u think u earn not enough DMD by mine it direct switch ur miners towards https://multipool.bit.diamonds/
there u can use profitswitching multipools and still get payouts in DMD

[danbi]

Super blocks could work, if they are centrally administered, that is, there is nothing in the wallet code that tells when the next block will be superblock. Which was the case with Diamond v1.

But, what is the point? It is easier to provide random benefits to active wallets...

[Reggie0]

But, what is the point? It is easier to provide random benefits to active wallets...

Nothing. If you'd mine for a long time, then it will be equal to increased reward. Statistics is a fun player:)

[cryptonit]

But, what is the point? It is easier to provide random benefits to active wallets...

Nothing. If you'd mine for a long time, then it will be equal to increased reward. Statistics is a fun player:)

dont expect any changes to pow ruleset

if something new come it could be a reward for active node "prove of node"
or some kind of masternode system

but both stuff is not high priority just nice to have

high priority is optimize wallet performance to make network nodes faster responding and block relaying and reduce orphans

in that area daniel already have success with his 2.0.5.6 tests but we wont hurry with release we try add some more optimisatzions and give that wallets some more test time

it wont be a mandatory update so dont worry that we force everyone again to update wallet

[cryptonit]

please keep ur POS wallets open in minting mode
the transformation of POS amount of coin piles in network
still need a few more minting cyles (3 day each cyles) to be finished

once finished the pos diff will raise again and some coin pile need again 30 days to mint

please remember mint after 3 days is not the normal estimated time to mint but the absolute minimum time to mint

on average coins will need more coin-age to mint

once network filled up with competing coin pile and pos diff raise again

it will be around the same as before so coins need one or two weeks to mint and mint just over month which prefect fit the POS mechanics

still u will still see more pos block in ur wallet  because u will have more coin piles

[stoody]

hi all i have minited 13 times on the 18th, i thought i was on a fork, so i re-downloaded twice, resynchronized from clean chain, and still those 13 minted coins are still all good??? dose this sound right?? it was on only 180dmd

[cryptonit]

hi all i have minited 13 times on the 18th, i thought i was on a fork, so i re-downloaded twice, resynchronized from clean chain, and still those 13 minted coins are still all good??? dose this sound right?? it was on only 180dmd

thats ok

when POS time reduced from 600 to 100 sec that mean people will create 6x more pos blocks

but the reward stay the same its just split into more blocks

50% POS reward each year (~42 each month for 1000 DMD u own)

[NoobKidOnTheBlock]

hi all i have minited 13 times on the 18th, i thought i was on a fork, so i re-downloaded twice, resynchronized from clean chain, and still those 13 minted coins are still all good??? dose this sound right?? it was on only 180dmd

thats ok

when POS time reduced from 600 to 100 sec that mean people will create 6x more pos blocks

but the reward stay the same its just split into more blocks

50% POS reward each year (~42 each month for 1000 DMD u own)

Quick question about the POS my wallet has been running almost the entire 3 day period for maturing my coins but then my stupid windows did an update on its own where it had to restart my computer so does my POS starting time start all over again because the wallet was closed for like 10 mins???

[RaginglikeaBoss]

No, coin-age is independent of minting.  Just open your wallet again and you're fine.

[stoody]

hi all i have minited 13 times on the 18th, i thought i was on a fork, so i re-downloaded twice, resynchronized from clean chain, and still those 13 minted coins are still all good??? dose this sound right?? it was on only 180dmd

thats ok

when POS time reduced from 600 to 100 sec that mean people will create 6x more pos blocks

but the reward stay the same its just split into more blocks

50% POS reward each year (~42 each month for 1000 DMD u own)

ok cool thanks... DMD is looking good