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

[m5j0r]

Thanks! Efficient answer

And somewhat wrong.

Well if he's wrong then tell us what's right.

[1714059032]

1714059032

[1714059032]

1714059032

[1714059032]

1714059032

[johndec2]

I was going off this quote from cryptonit from the last page:

it was not planed that POS activate have to be part of next wallet and not already working

Now this is not one of his better efforts, double negatives,etc, but I took it to read that they were having problems getting the wallet to stake.  I'm sure I read another post to the same effect a few pages earlier.  Don't make me look for it, life is too short

Thanks! Efficient answer

And somewhat wrong.

Well if he's wrong then tell us what's right.

[danbi]

Don't make me look for it, life is too short

I will make sure to remember that quote!

PoS cannot work in the current network, because of invalid data already in the block chain. This has been commented already.
It took some time to identify the reasons for this. The block chain damage was done many months ago.
A mechanism to fix this and avoid it happening in the future is already known and is being tested for side effects.
If I were you, I wouldn't blame anyone... life is too short

[johndec2]

I just scrolled up and didn't see anything relating to blame? I just said they were having problems getting it to work.  If the reasons were explained earlier by crptonit, there is a fair chance that I didn't understand what he was saying.

[cryptonit]

I just scrolled up and didn't see anything relating to blame? I just said they were having problems getting it to work. 
If the reasons were explained earlier by crptonit, there is a fair chance that I didn't understand what he was saying.

[johndec2]

Thanks mate.  Your never ending clip art collection is so much more informative than progress updates.  Really appreciate it!

[m5j0r]

Thanks mate.  Your never ending clip art collection is so much more informative than progress updates.  Really appreciate it!

Best description of his posts in here.

[polanskiman]

Thanks mate.  Your never ending clip art collection is so much more informative than progress updates.  Really appreciate it!

Yes that's what he does best along with writing things very few understand. He wont change but he does expect people to trust DMD

[cryptonit]

Thanks mate.  Your never ending clip art collection is so much more informative than progress updates.  Really appreciate it!

Yes that's what he does best along with writing things very few understand. He wont change but he does expect people to trust DMD

if ya wonder why im so silent next few days im away on a sailing trip
my foundation position was never designed as communication person

i accept ur feedback and will assign the btt communication towards dedicated person(s)
who will  maintain information flow on this channel

i take for myself the freedom to speak and post my opinion wherever i want
because i am not only part of the diamond foundation
i am also a private person with a right to speak and post

nothing can force me to post under a socket-puppet account my personal opinion

regarding update from dev team i can say that we still in testing/adjusting POS behavior in testnet.
(but this time with a copy of whole blockchain so we wont miss troubles which have their origin six months in the past)

[paladin281978]

now POS is not working?

[m5j0r]

since I had the same question recently, in short: No.
but they're working on it and it should be there in the next wallet version.

[cryptonit]

now POS is not working?

a bug from old blockchain is still affecting us
but we did locate the problem and test a fix and its behavior in testnet already
all coin-age u gather now is not lost
u will be able cash in all pos rewards for each day the coins are in ur wallet once we release updatet wallet

[paladin281978]

cryptonit

thanks for the answer.
Does it matter POS transaction size, example - 1, 25 or 100 DMD?

and how to sort for withdrawing old coins (POS 30 days) and new coins, example which received 7 days ago?
In the following new wallet certainly.

[cryptonit]

cryptonit

thanks for the answer.
Does it matter POS transaction size, example - 1, 25 or 100 DMD?

and how to sort for withdrawing old coins (POS 30 days) and new coins, example which received 7 days ago?
In the following new wallet certainly.

POS will group small coin amounts
bigger coin amounts will stake on their own

in testnet we still optimize values so final values we will announce at release

regarding coin control i leave answer to danbi
my goal was to have a automatic mechanism who use for transactions always the coin pile where lowest amount of coin-age is lost
sound easy as a design requirement but seems not so easy as a task for  dev

[danbi]

cryptonit

thanks for the answer.
Does it matter POS transaction size, example - 1, 25 or 100 DMD?

and how to sort for withdrawing old coins (POS 30 days) and new coins, example which received 7 days ago?
In the following new wallet certainly.

With the version of PoS Diamond uses, there are two values that parametrize how it works: coin age and coin size (*).

Coin age is used to decide whether the coin can be staked to provide interest. More coin age translates to more interest. Diamond currently has no limit. It is also used to prioritize staking -- coins with more age stake first.
Coin size matters for prioritizing too, larger coins get staked first. The algorithm is actually a bit more complex.

The PoS process has another feature -- it can combine smaller amounts into larger amounts. This helps aggregate coins and reduce transaction fees.

For example, you have 100 coins of 1 DMD each (typical solo miner) and the combining limit is set at 100 DMD (this value is yet to be determined) then after staking, you will end up with one 100 DMD coin (plus interest). Now, when you decide to send 100 DMD to someone, without this feature, you will be sending 100 coins, for transaction fees of around 0.012. With this feature, your transaction fee will be only 0.001. It also helps make your wallet processing faster.

At the moment, Diamond does not have the so called "coin control". We have looked at how other coins implement it, and although it is less than satisfactory, we will implement at least that much too. However, depending on whether it is requiring a fork, it might not be in the upcoming release (which will focus on code fixes  and let PoS function). In theory, coin control lets you control which coins to stake or send. But we have some better ideas...

(*) "coin" as used here is an "unspent output", which is an amount you either received or generated. Most people only care about the totals, but the number of individual amounts is also an important metric.

[johndec2]

HR.  I know where you are coming from. I'm not a big holder of DMD, I've only got about 1,000.  Roughly half mined and half bought.  The thing that pains me is the mined half was mined when the diff was high and the promises plentiful.  Same goes with the bought half.  I paid at least double of the current market price.

[danbi]

"i take for myself the freedom to speak and post my opinion wherever i want . . .

nothing can force me to post . . ."


Not even price?



 . . . are you trying to crash DMD?

Considering that the guy is sailing somewhere in sea, do you honestly propose he carries an computer with him in water, so he could post for your amusement?

[danbi]

The Diamond v2.0 wallet has been fixed, routines applied to work around the damaged data in the blockchain and it now does properly PoS (among other things). It has a lot of code cleaned, as well as few features/fixes implemented. More features will wait for later release, as this one will create hard fork on the Diamond network, at some near point in future.

Work is being done to heavily test the new wallet software before release, as there are many edge cases, like trying to stake some 30,000+ amounts..
When testing is complete, the wallet will be released in both source and executable form -- no waiting for an exact hour, etc. It is completely compatible with the current network until some future moment.
Work on avoiding the last situation with Cryptsy is being done too.

No other promises, except that it finally works. Hope this is good enough for you

Like cryptonit is saying, coin age currently collected in your wallets will not go to waste.

[cyberspacemonkey]

Can someone please help me on how to setup Minerd to mine Diamond coin? what are the Bat settings?

[paladin281978]

POS after 30 days?