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

[HR]

Would I be able to double my chances with twice as much DMD in the same address? Let's say I have 1000 DMD. Would it be better to have it all in the same address, or split into 2 different addresses? Which would be the most profitable? And to what point would it be profitable to continue putting all your DMD into the same address?

same behavior in dmd v2 and dmd v3
automated split/merge work more efficient if coins are in one address
but beside that each transaction compete for itself
so the more transactions u have size 300-500 the better
and split merge mechanics will try get ur coins into that size by itself
it will even eat up MN reward dust and combine them into proper size if the wallet is configured that rewards are send to the POS address
(at DMD v2 its smaller there coin pile size is between 10-180 DMD and split merge mechanics more focused on coin age then coin size)

Nicely explained and easily understood. My last couple of important questions for now: 1) will the financial advantages of the MN's be much greater than just staking the same amount (I know it depends on the number of MN's, but generally speaking)? 2) What is the main benefit that MN's give to DMD (network security? funding? ownership incentives?)?

[1714978744]

1714978744

[cryptonit]

My last couple of important questions for now: 1) will the financial advantages of the MN's be much greater than just staking the same amount (I know it depends on the number of MN's, but generally speaking)?

yes even if 50% of total coins are active at MN and 25% of total coins are active at POS the MN will earn per 10000 DMD better
that 50% of total coins is a very ambitious goal and if less are in MN then the income per MN is even better
we did analyse the seesaw mechanics of pivx and our decision to not use it because the normal competition reward mechanics more then enough make sure there will always be MN and always be people compete to find POS blocks the rewards just crazy increase if not enough people take part that for sure DMD will find there way to where they needed
to keep up the POS part of hybrid security or to keep the MN in a very healthy range of nodes

2) What is the main benefit that MN's give to DMD (network security? funding? ownership incentives?)?

there is 4 main points

first they are 24/7 fullnodes with static IP (or known onion hidden service name) that means they build the backbone of block propagation and make find stable peers super easy

second they provide a peer to peer masternode network that enable to run masternode powered services
mixTX and quickTX are just the basic two more will follow

third they will become the backend part of the next generation of masternode powered light wallets
in that area DMD will try to adapt and launch the very ambitious dash evolution project towards the brand design of DMD
we not aim to compete in dash strong points against them but we utilize their technology adapted to our brand design to power our niche services

and fourth is keep DMD Diamonds scarce and a good storage of wealth solution with a income aspect the relative high requirement to run a DMD MN make people think twice before sell a part of their MN coins and lose access to the MN income stream. this added with POS which also remove coins from exchanges keep DMDs a hard time to gather and fullfil the task gather 10000 to start a masternode will be a real quest for glory. and one of the dash evolution parts we will add and which is powered by  masternode network will be a lightwallet savings option which basically means blopckchaintech secured u borrow coins to a shared masternode and get a part of the income (all the dash evolution based mechanics wont be part of initial release in summer)

[HR]

My last couple of important questions for now: 1) will the financial advantages of the MN's be much greater than just staking the same amount (I know it depends on the number of MN's, but generally speaking)?

yes even if 50% of total coins are active at MN and 25% of total coins are active at POS the MN will earn per 10000 DMD better
that 50% of total coins is a very ambitious goal and if less are in MN then the income per MN is even better
we did analyse the seesaw mechanics of pivx and our decision to not use it because the normal competition reward mechanics more then enough make sure there will always be MN and always be people compete to find POS blocks the rewards just crazy increase if not enough people take part that for sure DMD will find there way to where they needed
to keep up the POS part of hybrid security or to keep the MN in a very healthy range of nodes

2) What is the main benefit that MN's give to DMD (network security? funding? ownership incentives?)?

there is 4 main points

first they are 24/7 fullnodes with static IP (or known onion hidden service name) that means they build the backbone of block propagation and make find stable peers super easy

second they provide a peer to peer masternode network that enable to run masternode powered services
mixTX and quickTX are just the basic two more will follow

third they will become the backend part of the next generation of masternode powered light wallets
in that area DMD will try to adapt and launch the very ambitious dash evolution project towards the brand design of DMD
we not aim to compete in dash strong points against them but we utilize their technology adapted to our brand design to power our niche services

and fourth is keep DMD Diamonds scarce and a good storage of wealth solution with a income aspect the relative high requirement to run a DMD MN make people think twice before sell a part of their MN coins and lose access to the MN income stream. this added with POS which also remove coins from exchanges keep DMDs a hard time to gather and fullfil the task gather 10000 to start a masternode will be a real quest for glory. and one of the dash evolution parts we will add and which is powered by  masternode network will be a lightwallet savings option which basically means blopckchaintech secured u borrow coins to a shared masternode and get a part of the income (all the dash evolution based mechanics wont be part of initial release in summer)

I'm going to be keeping a very close eye on this.

 

[Trimegistus]

I'm assuming a MN will require not only the fixed IP (or known onion), but also some pretty decent computational power, right?

Can you give some estimate as to what the CPU/RAM requirements will be?

[cryptonit]

I'm assuming a MN will require not only the fixed IP (or known onion), but also some pretty decent computational power, right?

Can you give some estimate as to what the CPU/RAM requirements will be?

not at stage1
there be able run a node is enough performance
so even a raspberryPi could be a MN (1 GB RAM and enough HDD space to store the chain)

when later additional services will be added it might be possible additional requirements arise
but we also evaluate if such added services can be opt-in or mandatory for each node
if the services have extra fees it can be opt-in if offer service are part of the normal MN reward expectation
then each node must be able perform them

[Trimegistus]

I'm assuming a MN will require not only the fixed IP (or known onion), but also some pretty decent computational power, right?

Can you give some estimate as to what the CPU/RAM requirements will be?

not at stage1
there be able run a node is enough performance
so even a raspberryPi could be a MN (1 GB RAM and enough HDD space to store the chain)

when later additional services will be added it might be possible additional requirements arise
but we also evaluate if such added services can be opt-in or mandatory for each node
if the services have extra fees it can be opt-in if offer service are part of the normal MN reward expectation
then each node must be able perform them

Just what I wanted the hear... :-)

Thanks!

[cptfisher]

i have heard dmdv3 will use xevan algo for pow.. is it true ?  when are you goin to roll out the v3 release ?

[cryptonit]

i have heard dmdv3 will use xevan algo for pow.. is it true ?  when are you goin to roll out the v3 release ?

its true when its in at first release
but yes its now planed to use xevan algo for the POW part of hybrid blockchain security

whitepaper 13th june (4th DMD birthday)
wallet release  ~august thats the plan

[bamb]

Good development!

[jamesqy]

it's a really old coin. nice to see it's still active in developing

[kronos123]

How many Mdm coins do you want to have a masternode and when will it be operational? In August?
What will be the reward for the masternode?
 IP  statico or dynamic?

10000 DMD
aim is august
60% of yearly DMD coin rollout will go into Masternodes
40% into block creators (3/4 of blocks are POS 1/4 are POW)
regarding IP it required static IP or a onion hidden service both paths able run MN

how much of this goi to a single masternode or a single POW or POS miner
deepens on the competition

if 50% of total coins is in MN and 25% of total coins is active in POS
then u can expect 10000 DMD in a masternode still earn a bit more than same amount DMD in POS mode

regarding expect coin rollout the next 30 years u can see it here:

preview coinrollout DMD v3
similar coin rollout speed and time until total coins 4.38 million reached (after 2045...)
but with blockbased curve reward formula that adapt rewards seamless each block

(coinrollout spikes at historic coinrollout is because some big DMD owners just open their wallet very rare and then claim enormous DMD
(worst example (biggest spike) the guy who owned 40k DMD staked 30k DMD in a day after turn his wallet online first since nearly two years and then dumped all 70k on market)
a issue that will be solved at DMD v3 constant activity earn constant rewards no activity earn no rewards)

thank you
very very good :-)


Another question please
The currencies currently are about 2000000 ... what is the inflation rate and how much will they be in the end?
Thank you

[cryptonit]

Another question please
The currencies currently are about 2000000 ... what is the inflation rate and how much will they be in the end?
Thank you

u can see that from the grafic in the answer i gave ya before

DMDv3 will start with ~25% inflation and inflation will after a little flat stage constant decrease and end at 1% even a bit below in like 10 years

then the daily produced DMD will be ultra scarce 100 DMD! (average 1500 DMD today)

theoretical we will reach our coin max of 4.38 million DMD in like 30 years
BUT the whitepaper will explain why we never will reach it
(hint: there will be a world first unique deflation feature explained in our whitepaper)

[M1ST3R]

i have heard dmdv3 will use xevan algo for pow.. is it true ?  when are you goin to roll out the v3 release ?

its true when its in at first release
but yes its now planed to use xevan algo for the POW part of hybrid blockchain security

whitepaper 13th june (4th DMD birthday)
wallet release  ~august thats the plan

Don't you mean July 13th (Diamond's 4th birthday). Diamond first block was generated on 2013-07-13 06:22:11.

https://chainz.cryptoid.info/dmd/block.dws?000002e9686a879460eb5497d51a99fa6d5cad4a9edabb5112bd915b7d2302fc.htm.

Also on DMD 3.0, is it possible to run 2 or 3 Masternodes and POS on the same wallet.

[cryptonit]

i have heard dmdv3 will use xevan algo for pow.. is it true ?  when are you goin to roll out the v3 release ?

its true when its in at first release
but yes its now planed to use xevan algo for the POW part of hybrid blockchain security

whitepaper 13th june (4th DMD birthday)
wallet release  ~august thats the plan

Don't you mean July 13th (Diamond's 4th birthday). Diamond first block was generated on 2013-07-13 06:22:11.

https://chainz.cryptoid.info/dmd/block.dws?000002e9686a879460eb5497d51a99fa6d5cad4a9edabb5112bd915b7d2302fc.htm.

Also on DMD 3.0, is it possible to run 2 or 3 Masternodes and POS on the same wallet.

yes 13th july

each masternode is a own node (a own wallet)
a node can act as masternode and do pos at the same time
but u can not POS the masternode collateral 10000 DMD transaction

[Galactus]

More than 7K coins below 0.000515

More than 7K coins below 0.000515

nice

But for 2-3 days no one buys these thousands of coins

[cryptonit]

More than 7K coins below 0.000515

nice

But for 2-3 days no one buys these thousands of coins

to me it looks like a try to keep prices low
who buy the wall open up the market and can enjoy a bunch of cheap DMD

or u leave the wall and join the game slow suck up cheap coins below it

in any case each DMD u can get cheap is a win


so just one lucky guy fill a masternode and all walls below 0.00055 are broken

[ccccccc7]

or u leave the wall and join the game slow suck up cheap coins below it

in any case each DMD u can get cheap is a win

What is cheap now for DMD though?

The price was stable at 0.3usd for ages and now is double the price!

If I am not mistaken the price was even on 0.1usd not too long ago.

I keep waiting for a price drop which I do not think this is going to come with all the news i.e. V3 and master nodes

AGH the regret of not buying more precious diamond when it was cheap

[shveicar]

or u leave the wall and join the game slow suck up cheap coins below it

in any case each DMD u can get cheap is a win

What is cheap now for DMD though?

The price was stable at 0.3usd for ages and now is double the price!

If I am not mistaken the price was even on 0.1usd not too long ago.

I keep waiting for a price drop which I do not think this is going to come with all the news i.e. V3 and master nodes

AGH the regret of not buying more precious diamond when it was cheap

I think that you are unlikely to see a price lower than 0.5 USD for 1 DMD 

[cryptonit]

What is cheap

yes u found the miracle question in the easy
"buy cheap sell high" plan

if u look at DMD u have to add another question
how many to gather
and when to start cash out

i understand the ultimate goal is to cash out and store ur earned wealth
but what if DMD is already one of the best places to store wealth and even earn interest?

[ccccccc7]

What is cheap

yes u found the miracle question in the easy
"buy cheap sell high" plan

if u look at DMD u have to add another question
how many to gather
and when to start cash out

i understand the ultimate goal is to cash out and store ur earned wealth
but what if DMD is already one of the best places to store wealth and even earn interest?

I am not planing to sell the DMD I have or that which I am going to buy for a good while.

I think DMD can gain a market cap over 5M USD so the price will be 1USD or even much more.

Only then I would consider selling off most of my coins

But we will see