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

[dungp3132]

1 Book about DMD Diamond History 2013-2017

It means Diamond has been there for ages, since 2013.
Diamond has been there nearly 6 years.
It's amazing survivor over so many terrible crashes of crypto market.
The book attached above presents comprehensive, meaningful, and valuable information on Diamond project.
Some one who have interest or intention to invest in Diamond should read that book.

[1715104379]

1715104379

[1715104379]

1715104379

[1715104379]

1715104379

[1715104379]

1715104379

[1715104379]

1715104379

[cryptonit]

preorder with 250 DMD and free shipping ends sunday 10th march

then its 300 DMD and shipping need to be paid via paypal with 20$

[cryptonit]

the sale of 5th anniversary coins have now a own thread
many questions asked and answered there already

https://bitcointalk.org/index.php?topic=5117186.msg50030660#msg50030660

[cryptonit]

new exchange supports dmd to my understanding ist a south america focus exchange
https://cryptofacil.com/trading-view/81/BTC-DMD
liquid orderbooks because of bittrex partnership

[cryptonit]

reminder:

preorder with 250 DMD and free shipping ends TODAY sunday 10th march

then its 300 DMD and shipping need to be paid via paypal with 20$

https://bitcointalk.org/index.php?topic=5117186.msg50103910#msg50103910

[Galactus]

cryptonit

Please explain why you think that need to change the amount for masternodes on 30k coins?
New, modern technology is good.
But please tell me, what special technical requirements exist for the functioning of the masternodes with 30k coins instead of 10k?
why investors who agreed to invest their funds in the amount of 10k coins before these changes of the rules should agree with the changes of these rules?
these investors will no longer own the masternodes and lose potential profits after these changes. I voted for the transition to DMDv4 as the development of technology and improved use of coins. Restrictions for old investors were not mentioned anywhere.
I want to understand your arguments and take them as necessary and important, or disagree with the fact that you change the rules at your own discretion when you want it.

[cryptonit]

cryptonit

Please explain why you think that need to change the amount for masternodes on 30k coins?
New, modern technology is good.
But please tell me, what special technical requirements exist for the functioning of the masternodes with 30k coins instead of 10k?
why investors who agreed to invest their funds in the amount of 10k coins before these changes of the rules should agree with the changes of these rules?
these investors will no longer own the masternodes and lose potential profits after these changes. I voted for the transition to DMDv4 as the development of technology and improved use of coins. Restrictions for old investors were not mentioned anywhere.
I want to understand your arguments and take them as necessary and important, or disagree with the fact that you change the rules at your own discretion when you want it.

as u see no announcement regarding this this is not a fact just a possibility that by technical reasons to get best performance out of honeybadger consensus the ammount of validators should be in a sweet spot and it can be 150 nides is to big. final numbers are still months away. use the knowledge about a possible raise of masternode collateral as it is a possibility that we want show community early and transparent

please be aware to make a big jump from simple coin earn coin usecase (which is poor on its own alone to justify the existance of a independent blockchain) dmd v4 make the jump for us to be one of the high end high performance blockchains that can contribute towards future and host many projects run on top. for this goals we cant limit our performance gainz by shortmindet decisions. i hope u understand the big opportunity dmd v4 give us all (and if not yet closer to release there will be updated whitepapers that will help u understand)

[big_coins]

all i would say is the decisions the coin team have made over the years have proved to be good ones in the long run.

I'll trust them to do the best for the coin.

[stillontop]

My opinion: If the maximum amount of DMDv4 supernodes is much lower than the current number of DMDv3 masternodes, because of technical reasons behind honeybadger consensus,
there should be some kind of compensation for longlasting DMDv3 masternode owners. Because those people have proven to care about DMD and the network and they should not be left behind, even if they can't afford a much higher collateral for a DMDv4 supernode.

[Rumhurius]

Different Tiers of Masternodes (like CROWN or ZEN offer) are def a valid option imo.

Would be totally fine with including 10k & 30k Masternode Tiers.  
but dont leave guys out with simply raising the collateral +1

[Bitcoin Miners]

Different Tiers of Masternodes (like CROWN or ZEN offer) are def a valid option imo.

Would be totally fine with including 10k & 30k Masternode Tiers.  
but dont leave guys out with simply raising the collateral +1

Such diversifying Tiers on collateral of masternodes have potential to increase total difficulty on the network of Diamond coin.
Do I understand it right, Rumhurius?
If more masternodes on higher Tiers (higher collateral, consequently) will create more competitive run to find blocks, then difficutly will be forced to raise later.

[Galactus]

all i would say is the decisions the coin team have made over the years have proved to be good ones in the long run.

I'll trust them to do the best for the coin.

I also agree that the DMD team is one of the best.

My opinion: If the maximum amount of DMDv4 supernodes is much lower than the current number of DMDv3 masternodes, because of technical reasons behind honeybadger consensus,
there should be some kind of compensation for longlasting DMDv3 masternode owners. Because those people have proven to care about DMD and the network and they should not be left behind, even if they can't afford a much higher collateral for a DMDv4 supernode.

I completely agree!

Different Tiers of Masternodes (like CROWN or ZEN offer) are def a valid option imo.

Would be totally fine with including 10k & 30k Masternode Tiers. 
but dont leave guys out with simply raising the collateral +1

I think this would be a great solution!

[cryptonit]

Different Tiers of Masternodes (like CROWN or ZEN offer) are def a valid option imo.

Would be totally fine with including 10k & 30k Masternode Tiers. 
but dont leave guys out with simply raising the collateral +1

I think this would be a great solution!

we keep that feedback in mind if we research possibilities
technical i think it could be a path that is doable

if we want less validators because it make network act faster with higher throughput
we could reward people who run double tripple or quadruple masternodes and this way reduce the ammount of total validators

just as a mindgame (by far not a final mechanic yet)

normal validator 10000 collateral earns 1 masternode payout share
double validator (20000 collateral earns 2.2 masternode payout shares) (10% network performance boost)
tripple validator (30000 collateral earns 3.6 masternode payout shares) (20% network performance boost)
quad validator (40000 collateral earns 5 masternode payout shares) (25% network performance boost)

same for governance and validator voting power

this way u have an incentive run bigger collateral masternodes (and this way support network performance)
but its still possible run a normal size 10000 collateral validator

as said before thats not a final mechanic just a way i see how we could satisfy both needs
allow 10000 collateral validators (masternodes) but still have an incentive to run less nodes and this way a higher performance network

[Rumhurius]

Different Tiers of Masternodes (like CROWN or ZEN offer) are def a valid option imo.

Would be totally fine with including 10k & 30k Masternode Tiers.  
but dont leave guys out with simply raising the collateral +1

Such diversifying Tiers on collateral of masternodes have potential to increase total difficulty on the network of Diamond coin.
Do I understand it right, Rumhurius?
If more masternodes on higher Tiers (higher collateral, consequently) will create more competitive run to find blocks, then difficutly will be forced to raise later.

no masternodes get a % of POS Rewards based on Participants of a "Round" (Timeframe) as far as i know.

I think CROWN rewards smaller nodes with 11% and bigger ones with 30% of the generated coins.
Difficulty is only relevant for POS and Pow.
Masternodes are Proof of Service not Proof of stake.

You could make it 25/30% of all generated Coins split up on two Tiers of MNs for Example.

Someone correct me when i got it wrong pls.

########

Edit: cryptonits post above me explained it very well

[cryptonit]

Different Tiers of Masternodes (like CROWN or ZEN offer) are def a valid option imo.

Would be totally fine with including 10k & 30k Masternode Tiers.  
but dont leave guys out with simply raising the collateral +1

Such diversifying Tiers on collateral of masternodes have potential to increase total difficulty on the network of Diamond coin.
Do I understand it right, Rumhurius?
If more masternodes on higher Tiers (higher collateral, consequently) will create more competitive run to find blocks, then difficutly will be forced to raise later.

no masternodes get a % of POS Rewards based on Participants of a "Round" (Timeframe) as far as i know.

I think CROWN rewards smaller nodes with 11% and bigger ones with 30% of the generated coins.
Difficulty is only relevant for POS and Pow.
Masternodes are Proof of Service not Proof of stake.

You could make it 25/30% of all generated Coins split up on two Tiers of MNs for Example.

Someone correct me when i got it wrong pls.

########

Edit: cryptonits post above me explained it very well

keep in mind dmd v4 will be a totsl different codebase u cant compare it to any dash/pivx codebase masternode coins


so only  coin ecconomic behaviour is migrated to new codebase but technical it cant be compared to any masternode coin existing now

in fact in  dmd v4 masternodes are way more important than now

masternodes (=validators create blocks and secure network and are the backbone of a honeybadger consensus secured network)

the new technology will give us extimazed 20x faster blocktimes far over 1000 tx/sec transaction throughput (25x more then dmd v3 ) and all possibilitoes of an smartcontract able blockchain with o chain goverance system

[g1itch]

...

keep in mind dmd v4 will be a totsl different codebase u cant compare it to any dash/pivx codebase masternode coins


so only  coin ecconomic behaviour is migrated to new codebase but technical it cant be compared to any masternode coin existing now

in fact in  dmd v4 masternodes are way more important than now

masternodes (=validators create blocks and secure network and are the backbone of a honeybadger consensus secured network)

the new technology will give us extimazed 20x faster blocktimes far over 1000 tx/sec transaction throughput (25x more then dmd v3 ) and all possibilitoes of an smartcontract able blockchain with o chain goverance system

Will it be based on Tendermint?

[cryptonit]

Will it be based on Tendermint?

honeybadger

[g1itch]

Will it be based on Tendermint?

honeybadger

Your own implementation or some existing codebase?

[cryptonit]

Will it be based on Tendermint?

honeybadger

Your own implementation or some existing codebase?

https://github.com/poanetwork/hbbft is where actual coding is visible
lab10.coop our technology partner is already contributing to the codebase of POA Network

(lab10 CEO Thomas Zeinzinger is also new DMD Diamond Foundation CTO (and i am lab10 co-founder too beside my DMD DIamond Foundation CVO position))

the results will be used for 3 blockchains which utilize an ethereum like smartcontract engine with the honeybadger consensus engine  in different configurations

POA Network
ATS Artis
DMD Diamond

in above linked github u see just shared code
the DMD Diamond specific will go public much later
but u can estimate differences on in the coin economic and governance part
to reflect the DMD coin rollout plan and coin economic differences to the other projects

DMD will be of all three blockchain the be far most open system stay true to original DMD vision
where POA and ATS in some part act semi-permissioned regarding who can be a validator
(example POA only allows US based notary to run a validator)
DMD will stay open that even in future anonymous people can apply to operate a validator as long as they satisfy the collateral and node performance requirements

[stillontop]

Thank you for your explanations cryptonit!

I think a two tiered masternode configuration with a collateral of 15k and 30k DMD could be fine for DMDv4.
The increase from 10k to 15k should prevent a too large number of validators, to keep honeybadger highly productive with up to several thousand tx/s.
Furthermore long time DMDv3 masternode owners should be able to get another 5k of DMD before v4 kicks in, if they hold their coins.