Galactus
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September 14, 2017, 10:20:00 AM |
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Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address . The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%). Considering some addresses might also be held by the same person, this is more centralised than I expected.
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Caмaя кpyтaя и пpoгpeccивнaя кpиптoбиpжa Укpaины - Kuna!Bвoд и вывoд c минимaльнoй кoмиccиeй чepeз - Kuna Code, Visa/MasterCard, GEO, QIWI, Advcash, Payeer, Perfectmoney, oбмeнники, пpиeм и выдaчa фиaтa (cкopo).Удoбнoe мoбильнoe пpилoжeниe. Лyчшaя 24/7 тexничecкaя пoддepжкa (ua, ru, en).
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cosmoo
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September 14, 2017, 10:21:52 AM |
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Does chainz.cryptoid.info experience some technical difficulties? Does not show some countries whose wallets online
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NoxX
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September 14, 2017, 10:24:02 AM |
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Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address . The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%). Considering some addresses might also be held by the same person, this is more centralised than I expected. Yeah, you are both correct, I didn't think about exchanges and the Reactor. So 10% of coin supply is on Bittrex. Are they forwarding POS rewards to coin holders, or do many people just not care about POS?
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Galactus
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September 14, 2017, 10:26:38 AM |
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Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address . The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%). Considering some addresses might also be held by the same person, this is more centralised than I expected. Yeah, you are both correct, I didn't think about exchanges and the Reactor. So 10% of coin supply is on Bittrex. Are they forwarding POS rewards to coin holders, or do many people just not care about POS? exchange does not give POS reward.
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Caмaя кpyтaя и пpoгpeccивнaя кpиптoбиpжa Укpaины - Kuna!Bвoд и вывoд c минимaльнoй кoмиccиeй чepeз - Kuna Code, Visa/MasterCard, GEO, QIWI, Advcash, Payeer, Perfectmoney, oбмeнники, пpиeм и выдaчa фиaтa (cкopo).Удoбнoe мoбильнoe пpилoжeниe. Лyчшaя 24/7 тexничecкaя пoддepжкa (ua, ru, en).
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Galactus
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September 14, 2017, 10:28:21 AM |
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Does chainz.cryptoid.info experience some technical difficulties? Does not show some countries whose wallets online
based on the statistics on the chainz.cryptoid.info all the coins holders decided to stay on DMDv2
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Caмaя кpyтaя и пpoгpeccивнaя кpиптoбиpжa Укpaины - Kuna!Bвoд и вывoд c минимaльнoй кoмиccиeй чepeз - Kuna Code, Visa/MasterCard, GEO, QIWI, Advcash, Payeer, Perfectmoney, oбмeнники, пpиeм и выдaчa фиaтa (cкopo).Удoбнoe мoбильнoe пpилoжeниe. Лyчшaя 24/7 тexничecкaя пoддepжкa (ua, ru, en).
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Mr1k
Jr. Member
Offline
Activity: 59
Merit: 1
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September 14, 2017, 10:33:00 AM |
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Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address . The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%). Considering some addresses might also be held by the same person, this is more centralised than I expected. I don't think you can make that conclusion. There are alot of addresses that haven't opened their wallets or even upgraded to V2 for 1-3 years. Averaging does not show the whole picture. Bittrex has Alot of addresses with a substanial amount alone. Alot of new people have come on board lately which again would skew averaging. Plus there are alot of wallets that are messy,unorganized. Multiple addresses.Etc We have users still minting and mining,boy are they in for a shock..Tomorrow. We are gonna need a new V3 thread for sure.
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NoxX
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September 14, 2017, 10:39:30 AM |
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Interesting. Snapshot shows 2,278,349.95 DMD total in 5977 addresses. Average is 381 per address . The top 10 addresses hold 584,131 DMD (25.6%), the top 100 hold 1,714,957 (75.3%). Considering some addresses might also be held by the same person, this is more centralised than I expected. I don't think you can make that conclusion. There are alot of addresses that haven't opened their wallets or even upgraded to V2 for 1-3 years. Averaging does not show the whole picture. Bittrex has Alot of addresses with a substanial amount alone. Alot of new people have come on board lately which again would skew averaging. Plus there are alot of wallets that are messy,unorganized. Multiple addresses.Etc We have users still minting and mining,boy are they in for a shock..Tomorrow. We are gonna need a new V3 thread for sure. I was mainly surprised that 75% of coins are in only 100 addresses, but as has been pointed out this is skewed by Bittrex and the Reactor. Still, will be interesting to see how many people move to V3...
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Tristan1337
Member
Offline
Activity: 98
Merit: 10
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September 14, 2017, 10:48:45 AM |
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Don't you guys think 10000 DMD is a little too much to be a masternode? Under 2000 would make more sense.
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benjamoyne
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September 14, 2017, 11:33:35 AM |
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Don't you guys think 10000 DMD is a little too much to be a masternode? Under 2000 would make more sense. This confuses me a bit because you have presented no argument. Just wondering why you think it would make more sense?? Just curious
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qgmurugan007
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September 14, 2017, 11:45:01 AM |
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Don't you guys think 10000 DMD is a little too much to be a masternode? Under 2000 would make more sense. This confuses me a bit because you have presented no argument. Just wondering why you think it would make more sense?? Just curious It depends on how high the price would go in the future and may be masernode becomes unreachable for a common investor if there are too many high value coins required to run one.
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pazor_true
Legendary
Offline
Activity: 1462
Merit: 1025
i love Emerald (EMD)
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September 14, 2017, 11:45:45 AM |
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i think that DMD needs more than one exchange
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BTC 12jiBjT2GSWYk2HwYdPqsQMuLqZ1br9D37 - i am Pazor
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NoxX
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September 14, 2017, 11:52:57 AM |
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Don't you guys think 10000 DMD is a little too much to be a masternode? Under 2000 would make more sense. This confuses me a bit because you have presented no argument. Just wondering why you think it would make more sense?? Just curious I agree with 10,000 being a lot, and I have mentioned that before. The collateral is very high (we are talking $50,000+ at current prices), and I fear there will be not enough masternodes, at least not in the beginning. The Whitepaper says "Diamond Network is projected to have just a couple of hundred of such nodes running", which doesn't really make sense. With the current supply of coins, only 210 MN are even physically possible, and obviously it will be much less. I hope I will be proven wrong, but I predict less than 10 MN in the short term. EDIT: too few MN also poses problems with POS rewards. Assuming 10 MN, one MN earns more than 35,000 DMD in a year EDIT2: which begs the question, is there a plan what happens if there are not enough MN?
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Mr1k
Jr. Member
Offline
Activity: 59
Merit: 1
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September 14, 2017, 12:07:30 PM |
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i think that DMD needs more than one exchange
I think exposure is a huge thing... not enough. example: goto https://coinmarketcap.com/sort by price and we don't make the list. we should be between stratis and monaco. but we are not.. not in the ALL list anyway, Currency list we do..
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cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
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September 14, 2017, 12:34:53 PM Last edit: September 14, 2017, 12:45:33 PM by cryptonit |
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please be aware chainz explorer show at the moment a DMDv3 final closed testnet the release explorer will follow closer to release guys thats a ride! everything is on track we just lost a bit time by had to execute a final test results of that test gave us all required informations and release chain will be restarted proper adapted to the results so timeplan from early 15th for release move to late at 15th or maybe early 16th stay relaxed compared to all other released we had in the past its still a very smooth experience its like online games never play at release day so u do urself a favor if u set ur clock for 17th this is all u have to do now:
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NoxX
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September 14, 2017, 01:17:00 PM |
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please be aware chainz explorer show at the moment a DMDv3 final closed testnet the release explorer will follow closer to release guys thats a ride! everything is on track we just lost a bit time by had to execute a final test results of that test gave us all required informations and release chain will be restarted proper adapted to the results so timeplan from early 15th for release move to late at 15th or maybe early 16th
stay relaxed compared to all other released we had in the past its still a very smooth experience
its like online games never play at release day so u do urself a favor if u set ur clock for 17th
this is all u have to do now:
I am not worried at all, I am sure you have everything well in hand I am just honestly curious, have you considered what will happen if there are not enough MN?
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cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
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September 14, 2017, 01:26:46 PM |
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I am just honestly curious, have you considered what will happen if there are not enough MN?
such a situation can not happen even in testnet with limited amount of people we hat 30 MN up and running more then enough the network need just above 10 MN and even below its just things like quickTX temporary wont be available an no bigger harm to the network and the advantage of income for MN as long as there are less than 100 active is just crazy so i see a strong motivation get additional masternodes online still no stress first 7 days are 99% reduced rewards so everyone can stressless upgrade and set up his POS or MN nodes
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NoxX
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September 14, 2017, 02:22:49 PM |
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I am just honestly curious, have you considered what will happen if there are not enough MN?
such a situation can not happen even in testnet with limited amount of people we hat 30 MN up and running more then enough the network need just above 10 MN and even below its just things like quickTX temporary wont be available an no bigger harm to the network and the advantage of income for MN as long as there are less than 100 active is just crazy so i see a strong motivation get additional masternodes online still no stress first 7 days are 99% reduced rewards so everyone can stressless upgrade and set up his POS or MN nodes I am sure the network will be fine. My worries are that very few people will get 300% return per year for their MN, while the rest will get 25% for normal POS, which seems very unbalanced. As you said, just crazy, but I don't see this as a good thing, it could lead to a "rich get richer" scenario and more centralisation. And yes, there are 7 days to set everything up, but as I said, for someone who has a few hundred or even a few thousand DMD it is pretty much impossible or at least very expensive to get enough DMD for a MN in that time. I know there was talk of having distributed MN, which would solve the problem, but unless that is implemented I am sceptical.
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Tristan1337
Member
Offline
Activity: 98
Merit: 10
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September 14, 2017, 02:31:47 PM |
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Don't you guys think 10000 DMD is a little too much to be a masternode? Under 2000 would make more sense. This confuses me a bit because you have presented no argument. Just wondering why you think it would make more sense?? Just curious I was just thinking that it would make more sense to have a wider adoption of masternodes. Needing less than 2000 DMD would open the door to more people and help increase the price more, so even if there were more masternodes around it would increase their income since the price would be higher. Since there would be a bigger chance of a price increase due to wider masternode adoption, it would in-turn increase the incentive for normal user investing. Sounds like a win win to me.
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cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
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September 14, 2017, 02:32:47 PM |
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I am just honestly curious, have you considered what will happen if there are not enough MN?
such a situation can not happen even in testnet with limited amount of people we hat 30 MN up and running more then enough the network need just above 10 MN and even below its just things like quickTX temporary wont be available an no bigger harm to the network and the advantage of income for MN as long as there are less than 100 active is just crazy so i see a strong motivation get additional masternodes online still no stress first 7 days are 99% reduced rewards so everyone can stressless upgrade and set up his POS or MN nodes I am sure the network will be fine. My worries are that very few people will get 300% return per year for their MN, while the rest will get 25% for normal POS, which seems very unbalanced. As you said, just crazy, but I don't see this as a good thing, it could lead to a "rich get richer" scenario and more centralisation. And yes, there are 7 days to set everything up, but as I said, for someone who has a few hundred or even a few thousand DMD it is pretty much impossible or at least very expensive to get enough DMD for a MN in that time. I know there was talk of having distributed MN, which would solve the problem, but unless that is implemented I am sceptical. I was just thinking that it would make more sense to have a wider adoption of masternodes.
Needing less than 2000 DMD would open the door to more people and help increase the price more, so even if there were more masternodes around it would increase their income since the price would be higher.
Since there would be a bigger chance of a price increase due to wider masternode adoption, it would in-turn increase the incentive for normal user investing.
Sounds like a win win to me.
as i did understand luis from miningfield he will launch with a shared masternode 3rd party service a few days after release (we did see his service page already active in the last testnet) so with as low as 100 DMD i think u can be part of a MN there there is no entry barrier and if to much DMD is moved into MN and shared MN at a point POS become more rewarding then MN so it will be balancing itself that always enough POS and enough MN will be active
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