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

[BogdanCo]

I just set a password long enough. Now my wallet says Minting / Your weight is 414 / .... / 6 days for reward.
I deposited 3 days ago the coins into the wallet... It's possible to mint so soon?

[cryptonit]

I just set a password long enough. Now my wallet says Minting / Your weight is 414 / .... / 6 days for reward.
I deposited 3 days ago the coins into the wallet... It's possible to mint so soon?

estimated time to ming mouseover informations are affected by a know bug
and the whole design of this code have flaws in accuracy

will be one of the things we will change in one of the next wallet releases

its uncritical but i understand people love numbers

ur coins wont mint below 9 days age (can be lot later too deepends on luck and size of coin pile)

but we explained that already

[cryptonit]

update cryptsy hold less than 2000 DMD now able to be bought below 0.00110
and buyorderbooks did fill well too

its pretty clear we successful established 0.00100 as new bottom
only a fool would try dump below

if 110 breaks it deepends on future upcoming sellorders if this will be a pricespikes enviroment or we able get enough seller to stabilize upwards too

cryptsy sellorderbook status:

from 0.00100 towards 0.00110 2 days ago there where over 5000 DMD
today its less than 2800 DMD

so this buys that happens not get shifted upwards by traders
but they are done by real investor and coins moved out of exchange towards wallet for claim POS interests



i expect a break trough 102 soon and new stabilisation a few % higher

that exact the way a value grow should happen slow some stabilisation days
and then the next step upwards

a coin with so less up and downs like DMD is for daytrader not of much interest

that can be a problem we need daytrader for increased liquitidy

but how crazy is that to wish a bit more up and down spikes so trader can enjoy DMD Diamond too

strange world who would ever expect that a cryptocoin is afraid of be to stable 

[cryptonit]

thx to the guys who helped to sync bittrex prices with cryptsy prices

bittrex seems to establish a nice market and the fear of some beside cryptsy no second big exchange will be able generate volume was wrong



the n ice thing is it didnt steal trading volume from cryptsy in fact it generated new trading volume by people whgo just trade on bittrex

following the same logic to aim for a chinese exchange should a goal

i can just repeat that we seek a chinese community manager who build up a chinese community and have the main goal get us listed on a chinese exchange

please spread the word if u know people able to speak/write chinese

[yoyoamigo]

talking about minting, i have bought about 100 diamondcoins last year and last moved them on 22nd march 2015. when i start minting, roughly how many diamonds will i get and roughly when?

[shveicar]

talking about minting, i have bought about 100 diamondcoins last year and last moved them on 22nd march 2015. when i start minting, roughly how many diamonds will i get and roughly when?

Each 1000 coins in your wallet brings you income ~ 10 coins each week,
or 7000 coins in your wallet, will bring you an income of 10 diamonds every day (assuming a start mode 24 hours per day)
After puting diamonds in your wallet, after 7-9 days you will begin to receive the income.
The more diamonds you have in your wallet, the more chance of getting a stable income with minimal time interval.

You can follow the process of POS mining here https://chainz.cryptoid.info/dmd/#!rich  and watching the big wallets

[cryptonit]

talking about minting, i have bought about 100 diamondcoins last year and last moved them on 22nd march 2015. when i start minting, roughly how many diamonds will i get and roughly when?

when they since 22nd march are in ur wallet as a single 100 DMD pile then the POS reward will be

22 march to 22 june is around 90 days

100*0.5/365*90

=12.32

a above 30 days age coin pile with 100 dmd should be able to mint pretty fast a few hours in minting mode are sure enough u able claim the rewards

give me feedback how close my estimation was when u minted ur block

[cryptonit]

someone try buy 10000 DMD at 0.00096
guess he will have no luck to buy that cheap



its now that people realize how rare DMD Diamonds are
and its not easy to get them

[yoyoamigo]

Thanks shveicar and cryptonit for your helpful answers. i forgot to ask one more question: if i am to withdraw 1 DMD from the pile/stack of 100 DMD, will the age of the 99 DMD remaining in the desktop wallet reset?

[cryptonit]

Thanks shveicar and cryptonit for your helpful answers. i forgot to ask one more question: if i am to withdraw 1 DMD from the pile/stack of 100 DMD, will the age of the 99 DMD remaining in the desktop wallet reset?

easy way to understand how it works is

think its a real wallet and everytime u have to touch a banknote/coin because it get broken in smaller parts u lose all coin age on everything involved

if u example have 100$ bankniteand pay for something 20$ u have to touch it and u get a chsnge of 80$ back which now start with untouched age in ur wallet from zero again no materhiw long the100$ notewas in wallet before

[yoyoamigo]

Thanks shveicar and cryptonit for your helpful answers. i forgot to ask one more question: if i am to withdraw 1 DMD from the pile/stack of 100 DMD, will the age of the 99 DMD remaining in the desktop wallet reset?

easy way to understand how it works is

think its a real wallet and everytime u have to touch a banknote/coin because it get broken in smaller parts u lose all coin age on everything involved

if u example have 100$ bankniteand pay for something 20$ u have to touch it and u get a chsnge of 80$ back which now start with untouched age in ur wallet from zero again no materhiw long the100$ notewas in wallet before

in other words, before withdrawing/depositing any diamondcoins into the wallet and after coins age has reached at least 30 days, it would be in our best interest to mint first? And if i want to regularly withdraw/deposit, it would be best to do it every 30 days?

[Telenong]

what range price 1 dmd in future, dev?

[shveicar]

what range price 1 dmd in future, dev?

I think that the price will gradually move to the level of 1$ 
just a guess..

[cryptonit]

what range price 1 dmd in future, dev?

answered similar question here:

which would be the real price in 2016?

what we see now is nothing just small investors exchanging coins for peanuts
in my opinion not a single real investor joined the market and thats the only reason DMD still available for such a bargain
i know a lot of the "big" holder of DMD
and none of them is what big player in cryptobusiness would call a real whale size investor
but i also know some of this guys have a eye on us
not this small small up and downs on marketprice
but the goals we have in direction of added value to DMD Diamond
by implement bitcoin 2.0 services and apps

so for the small fishes its a gamble now
u can wait to trust us "DMD Diamond Foundation" until there is a bitcoin 2.0 solution avaiable and the services/apps are released
and then if u lucky maybe get some DMD before the big rush kicks in
but u for sure will miss the chance to get hands on DMD before the first whales arrive

really i dont want to tell guys buy buy its guarantee big time value raise
i just want to say that there is a good chance that the plans we follow work out
and if then the price we see now will be a joke
everything below 0.005 i myself consider a failure for 2016 after release of our first services
and even that is just the absolute minimum i expect upwards lot room of realistic values



and i always talk about BTC value of DMD now consider BTC rise too that value gain adds up
that DMD is one coins who stay rockstable towards BTC is already known and a reason why some people
utilize DMD as a storage solution already
i expect this behavior from lot more people once the word spread that it works out great

[kiklo]

what range price 1 dmd in future, dev?

I think that the price will gradually move to the level of 1$  
just a guess..

Since we are guessing , due to the scarce nature of the elusive diamond.
Basically only a million or 2, and BTC is over $200 with 14 million.

I guessing $25 to $50 per diamond within 7 years.  

 

FYI:  Disclaimer
Only a Guess, Actual Results may vary.  

[cryptonit]

what range price 1 dmd in future, dev?

I think that the price will gradually move to the level of 1$  
just a guess..

Since we are guessing , due to the scarce nature of the elusive diamond.
Basically only a million or 2, and BTC is over $200 with 14 million.

I guessing $25 to $50 per diamond within 7 years.  

 

FYI:  Disclaimer
Only a Guess, Actual Results may vary.  

if we stay just what we are now maybe the result in 7 years would be liek that

but if we become what we aim to become with services and apps on top of DMD Diamond......

.... the the main factor is general acceptance of blockchain technology

it could be a technological revolution like

steam-engines
electricity
petrochemical engineering
computer
internet
blockchainpowered technologies

if that happens crazy things can happen towards the pioneers of this new age

every time u feel its a good idea sell some DMD Diamond

look at this:

[Vagnavs]

Who is willing to sell me some DMD?  I have to trade for BTC to DMD at the moment.  Really want to get my hands on them.  Can't find anywhere to buy with USD.  oh and any faucets?  Thanks in advance 

Hah. Good luck with that. Very few people are ready to sell diamonds, cause they are PRECIOUS. You want them, I want them, we all want them.
If you are in the US, use Circle or Coin.mx to get some BTC. If you are in Europe, use Cex.io. All these services provide the option to buy BTC with your credit card.

Once you get BTC, try to grab some DMD from the exchanges.

Or there is Coin Base. That's my favorite. coin.mx seems to be awfully expensive. Like $30 above BTC price.

[Vagnavs]

Whose selling? Somebody must need to pay the rent

[cryptonit]

Thanks shveicar and cryptonit for your helpful answers. i forgot to ask one more question: if i am to withdraw 1 DMD from the pile/stack of 100 DMD, will the age of the 99 DMD remaining in the desktop wallet reset?

easy way to understand how it works is

think its a real wallet and everytime u have to touch a banknote/coin because it get broken in smaller parts u lose all coin age on everything involved

if u example have 100$ bankniteand pay for something 20$ u have to touch it and u get a chsnge of 80$ back which now start with untouched age in ur wallet from zero again no materhiw long the100$ notewas in wallet before

in other words, before withdrawing/depositing any diamondcoins into the wallet and after coins age has reached at least 30 days, it would be in our best interest to mint first? And if i want to regularly withdraw/deposit, it would be best to do it every 30 days?

not really

once u have a living wallet 24/7 in minting mode with a few k dmd in it
which did run through a few POS cycles
u dont have to worry about that stuff

the coins over time did split and merge together by itself over time following the POS mechanics and u will have a average coin pile size of 10-150 DMD
so whenever u do outgoing transactions it take the coin pile that fit and the change that lose coin age will be minimal

if u have in ur wallet a
1x 100$
2x 20$
1x 5$
2x 1$ banknote

and u have to pay someone 6$ and 50 cents

then u have to touch the 1x 5$ and the 2x 1$ banknotes
and u get back 50 cents change

the 1x 100$ and 2x 200$ banknotes stay untouched

in a cryptocoin wallet with POS mechanics "untouched" coin piles dont lose their coin age
so their ability to earn POS rewards stay and they can compete for minting POS blocks

[cryptonit]

update: only two weeks left to create the winner cake!
but u can submit entries for this competition already
and its allowed to upgrade later with a other cake too
if u think u managed to bake something more impressive later on

2nd anniversary birthday cake competition!

Details for Block #1
Hash   000002e9686a879460eb5497d51a99fa6d5cad4a9edabb5112bd915b7d2302fc
Date/Time   2013-07-13 06:22:11
https://chainz.cryptoid.info/dmd/block.dws?000002e9686a879460eb5497d51a99fa6d5cad4a9edabb5112bd915b7d2302fc.htm




Lets prepare a nice two years anniversary  birthday party for DMD Diamond!
Deadline for take part in this event is the 13. July.

Ruleset:

200 DMD bounty for the most beautiful picture of:
a cake with DMD Diamond  written on it and two candles on it
additional the picture include a paper near the cake with the BTT username written on it
(or other forum username where this promotion is posted)

positive side effect
if u not win the bounty u should at least have a beautiful and delicious cake u can eat