Re: [ANN] Diamond Coin (DMD) Evolution v 2.0 | NEW wallet, coin mechanics, 50% POS
I don't get why no one consider the time factor, there will be 1440 DMD created per day, so 72 per day to coin support.
If you go back and read the announcement, it's all there specifying that there will be a Foundation, dedicated to support devs, community, promotion, without PRE-mine.
Miners can decide to mine this or not, but would be funny if that's the reason if they agree to pay fees of 1% or 2% to pools usually. Look at other coins like BlackCoin, they follow a similar concept (not technically) and they dedicate the fees to the Foundation to support all coin future activities.
Coins without support die because no one works for free forever, coins with premine and IPO are a scam/dump risk (this is not a premine, coins are not 'pre' mined, just mined like all other coins!). DMD learned from the success of BC and adapted it to the new coin specs of very rare PoW + PoS.
That's what I think after being directly and indirectly involved in many projects, probably price will say the rest, and devs here too
@asplinux
If you go back and read the announcement, it's all there specifying that there will be a Foundation, dedicated to support devs, community, promotion, without PRE-mine.
Miners can decide to mine this or not, but would be funny if that's the reason if they agree to pay fees of 1% or 2% to pools usually. Look at other coins like BlackCoin, they follow a similar concept (not technically) and they dedicate the fees to the Foundation to support all coin future activities.
Coins without support die because no one works for free forever, coins with premine and IPO are a scam/dump risk (this is not a premine, coins are not 'pre' mined, just mined like all other coins!). DMD learned from the success of BC and adapted it to the new coin specs of very rare PoW + PoS.
That's what I think after being directly and indirectly involved in many projects, probably price will say the rest, and devs here too
@asplinux