Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65%
by
Cryptonicus
on 18/02/2021, 21:22:57 UTC
So it's exmarkets.com to buy DMD. I was mining DMD back in 2013 and DMD has always been a very solid crypto as far as I've seen but I think you'll be hitting it out of the park with the coming upgrades. Right now DMD is cheap but it could be prohibitively expensive in the future to acquire 10 000 diamonds for a validator. Even the 100 diamonds for a delegated stake could keep people out soon. Right now it's a healthy lower limit with 100 diamonds to get staking but is it possible to vote for changes to these limits in the DAO in the future when needed?

Also I wonder how you look at acquring non digital assets with the DAO funds. A DAO, like a business, should, if their values are good, aim at conquering the world in my perhaps actually not so humble opinion Smiley The white paper reads "any other activity that the coin holders choose to fund based on proposals to the Governance DAO". Could this include start up costs for businesses generating DMD buy streams? For example diamond resorts accepting only DMD. How do you look upon the DAO owning non DMD assets like land, property, etc? This would require government registered individual ownership or a registered organisation ownership even if tricky cryptographic locks maybe could be developed and installed for some things. Not limiting funds to permissionless assets like DMD (instead getting permissions granted by government) nor limiting to activity that does not last (compared to asset acquisiton) is good I think. Everything goes. If voted on. Interacting and claiming space in the non crypto world should be sought by a DAO imho. What are your thoughts? There are probably problems to be solved around trust, possibly tying registered organisations to a validator could solve some. A DAO could be a very broad thing. Or am I dreaming? "A poor man is the one without a dream" - H. Ford . Of course this should be strategically thought about. I think we should be very careful with spending DMD from the DAO fund early on since the price is so low now!