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

[Galactus]

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

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.

[cosmoo]

Does chainz.cryptoid.info experience some technical difficulties?
Does not show some countries whose wallets online

[NoxX]

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

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?

[Galactus]

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

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.

[Galactus]

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 

[Mr1k]

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

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.

[NoxX]

if u bored until wallet release

u can study the snapshot

https://pastebin.com/6S6ZzKNu

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...

[Tristan1337]

Don't you guys think 10000 DMD is a little too much to be a masternode? 

Under 2000 would make more sense.

[Mr1k]

Looks like the new blockchain is up..
block 1419
https://chainz.cryptoid.info/dmd/#
Probably test blocks..

[benjamoyne]

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

[qgmurugan007]

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.

[pazor_true]

i think that DMD needs more than one exchange

[NoxX]

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?

[Mr1k]

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..

[cryptonit]

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:

[NoxX]

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?

[cryptonit]

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

[NoxX]

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.

[Tristan1337]

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.

[cryptonit]

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