Hi, that is a very important advice you gave there, separate of entertainment and crypto wallet computer! that is one layer that most of us don't do as of current time today!

i guess another security concern would be the home internet routers security, the network and so on. It also means that having a wallet on your iPhone or android phone is not a good idea at all, especially not if you use several wifi points for connections whilst out and about, hotels, busses, trains, shops, schools, airplanes etc, etc,  although 3g and 4g is also hackable in todays world.

in time when people start to loose more coins it will become clearer that we will need more security! I think the thefts of crypto is going to explode or implode or it is already happening as we speak.

absolutely i like the wallet and POS earnings, just staked my first coins awesome stuff.

i will probably look into a raspberry pi to perform these operations from now on.

would you say that an exchange like bittrex is insecure or just a leave it as a bad investment because of no coin POS earnings? whats your take there?


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Nice. Times must be rough when you have to tattoo your private key on your body.  Grin
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- if i did one, i would of been worth a little over 500 million dollar more today! pretty bad ass..... sad story but not enough to make me give up:) could of been killed or cut up also, never noe.




You don't like computer wallets? DMD still brings good MN returns to its investors and decent daily POS earnings.
Anyone who wants to earn able to find funds to purchase a simple laptop with a configured system.
It is necessary to separate your computer for earnings from the computer for entertainment.
It shouldn't be the same device.
Even for POS this pays off quickly, so anyone who just sits on their coins or keeps them on the stock exchange loses income.
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Do not pay attention to this nonsense.
It is obvious that this is trolling.
It is only strange that the tragedy Cryptsy taught not all.
I see that some users still place tens of thousands of DMD on Bittrex instead of keeping the coins in their wallet and earning income.
[/quote]

hmm, interesting though. the exchanges might not be such a great storage place after all. You think Bittrex is a potential hackable resource in the future? i guess why not, nothing should be considered safe right!

I am kind of against the computer wallet also, because there is so much malware out there now-days and most of us use torrents and other downloadable copys of programs probably propped up with all sorts of nasty stuff that could steal out wallets. not to talk about all the internet of things devices and software thats flying around out there with access to our computers and devices etc. its crazy.

Best is a paper printed wallet,but tattooed onto the body bcuzz not even a paper is safe from destruction. hahaha, remember not to shower or go on the beach in a public place:=)
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No worries, DMD holds its price in BTC very well, it has ever since they upgraded to masternodes, back in 2015/2016 we we saw lows down to 20-40k...now we are nowhere near that, DMD has good price stability in the long run.  Cool
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true that, i love just sitting on some coins and see the rocket being prepped for the moon, of course DMD is going to become hundred of dollars not a doubt in my mind, what do you guys think? how far will it take off? saw bitcoin is moving now again towards 10 k. remember the time when people waited for 1000 dollars, last year around this time...

Heavy down day today, - 10 %.  just another day, added another 100 coins to my wallet today. $7.50 that is a bargain when my 750 in a months time will be around 3500. bam
 

Excellent, thought for a minute that the block total was "value out" thats over 397 per block, would of been nice with a 35 % cut of that!   thanks for all clarifications, i let you guys know before i drop the article so you all can catch the potential "swing" when the Norwegian fat cats come and plow their oil money into DMD, hopefully....

Ok, seems to make sense, obviously when writing an article explaining this in Swedish and Norwegian, i just wanted to get as accurate as possible for potential future investors so they understand what it actually does and how it works.

Could we clarify one more thing, so if the wallet or coins find a POS block, does that mean that the actual reward is the "generated" 2.26 DMD as of today specified in the block, so one gains 2.26 DMD coins to wallet?

ive started staking about 200 diamonds myself that i moved over from Bittrex to see how it works, but nothing in luck terms just yet:)

i saw the price increase to over 30 dollars, bought the coin around 5-6 dollars last year myself, had no clue it was POS coin, however it dont seem possible to understand what factors really drives the prices, for example today it was up 9 %, and then in one hour it lost like 4.5 % and now its down to where it started the crypto market is seriously unpredictable, i normally watch the volume increase, and that must be a good sign that DMD traded over 200 k today, some days are just around 10 or 20 k.

So is todays price drop due to selloff ? who really knows.. i think the price could reach 16 dollars in just a good one day trade, maybe when i release my article it will pop the bottle open hehe.... insiders mania...   honestly what seem to work best is to by coins and then print a paper wallet and store this in a safe place, go away for 5 years and come back.. lol

How do we even know what transactions are for real gods and services vs. pure investments? Does DMD have any known merchants actually exchanging something physical for the coins yet?

all the best

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For do this, you need to understand how POS v3 works.
Simply put, the chance of a user with 200 DMD to find a block is about once every 10 days.
If you have only 10 DMD then your chance equals one times in 200 days.
To see all the groups with your coins, use coin control.
You can learn a little more about DMD if you visit the information page: https://diamond-info.github.io/
[/quote]

Thanks a lot for that, however! I am going to try to explain this in an article and i still dont understand completely even after reading your answer like 50 times and analysing hehe funny! Its quite complex stuff and hard to put into simple terms and understand.

its the dust part i dont quite understand correctly, so if someone has lets say 10 coins in their wallet and is staking active on the network.
does the network actually give out a "find" winner per block 640 times per day in total?
does the "dust" mean a wallet with 10 coins would try to gather "dust" in order to grow bigger? what does dust mean and where does it come from exactly?

or should i just go fishing again? and try to understand differently? are we talking about coin blocks? hmmm
when i see in the blockchain that each block has like 300 coins, whats the actual size in kb or mb per block, like 50 mb?
whats the chances of someone with 10 coins in wallet finding a "win" vs someone with 200 coins?, and how big is the win? 2.5 diamonds? heh...

my head is spinning now.

all the best


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each unspend transaction try to find a block on his own

i call a unspend transactions a coin pile

the chance to find a block is bigger if the coin pile is bigger

still have to big size coin pile is also bad because once a coin pile find a block he become inmature for 640 blocks (thats a whole day)

the sweet spot in coin pile size is between 200 and 400 DMD

but lucky u thats exactly the coin pile size the DMD wallet will cut and merge ur coin pile automatic over time

because each time u find a block bigger pile then 400 get split in 2 parts

and if blockfinder pile is smaller then 200 he try to merge dust with himself to become bigger
(this is some unique behavior of DMD wallet no other POS/Masternode coin can merge dust in this way)


long story short

the more coins the better in ur wallet
the rest the wallet handle on its own
just make sure u stay 24/7 in staking mode active



[/quote]

Hello, thanks for clarifying my questions.

Could you elaborate a little on the staking difficulty, i understand it is based on the standard difficulty for 1 coin and then divided thereafter depending on the number of coins one have, 2 Coins half, 4 coins a quarter,  whats the limit of number of coins vs how much the base difficulty can be reduced by? kind of curious about these things, maybe it would be more suitable to discuss in the slack channel?

Sending you a PM for invite, many thanks! 



send me a PM with ur email address to send u slack invite
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Hello, i am holding some diamond coins, and i know it only a matter of time before it will grow insane, i am talking about when the crypto market passes first a Trillion then 2,5,10,30, 50, 100 and beyond, diamond is so few coins in total, so i have worked out that the value could even overtake bitcoin itself, some people call me mad but lets ask the question why not!?! right..there you go.  For example i got bought bitcoins when they were next to nothing and told people, one day this will be a gold mine, well there you go...

i like coins that have very few coins, and also a real user case for real use. Ive done a few transactions using diamonds and wow, if you compare bitcoin the speed is mind blowing, almost instant notifications etc, it works superb. There is no reason diamonds could not be used in the future to settle big spends for real things!! because diamonds are so scarse iam talking about ferraris and houses that kind of sums Smiley hehe  Wink


4.3 trillion dollars   4.3 million tokens @1 million dollar each right! , correct me if iam wrong... dööhhhhhh Smiley  In a market cap of total 30,50 or a 100 trillion why not...diamond....

I am holding a significant amount of coins in my coffers, i am sure it will make me a happy fat cat! i aint going to sell for a long long time.... if ever.


I am playing around a little and was looking into the files and code for possible configuration changes etc,

i noted that for me that run mac os and using atom.io editor there is nothing in the diamond.conf file when i open it!?! in the wallet DMD diamond core 3.0.1.0. its empty! lol

How would i go about opening this file in mac? with what editor could it be done, or is the conf file just empty anyways?
Says in the documentation only to use Notepad for editing, however this is only in windows! is this true?

another question, the maximum connections are default set to 16, is there a difference if i increase this number to a higher one? whats the difference? does it increase my chances of staking coins if i have more connections and process more data? anyone that could clearify this would be awesome!?

anyone in the team, i attempted to signup for the invite to the slack channel, but it does not work, please send me an invite if its still open for people, would be interesting to see whats going on the inside!

many thanks