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DMD Diamond coin - 50% annual interest

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• maestro

  

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  DMD Diamond was never designed to be used by retailers. I fully understand your point but we all know that no other coins besides BTC will ever achieve mass retail acceptance. So, if this is the case, how come there is a few hundred million USD worth of alt coin market? People obviously like to make/lose money on alts, regarding of them being accepted by retailers.

  DMD Diamond was designed to perform one of the main functions of money, preservation of wealth. Only in this case, it s a gold bar which mints more gold bars, due to its 50% annual PoS function.

  The fact we re just above 2 week until 2nd DMD Diamond birthday shows how stable this coins is. How many alt coins you know, besides the big 5, which have been around long enough to reach year 3?

  Regarding liquidity, true, this is still the issue, however DMD Diamond has been showing clear improvements in this field, daily volume s been rising as compared to about 2 months ago and I m confident the price ll continue to increase as well.

  Thx for your comment, really good stuff.

  Posted on June 26, 2015 at 11:58 AM
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• pooktwo

  

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  Location: Indianapolis

  @maestro DMD Diamond was never designed to be used by retailers. I fully understand your point but we all know that no other coins besides BTC will ever achieve mass retail acceptance. So, if this is the case, how come there is a few hundred million USD worth of alt coin market? People obviously like to make/lose money on alts, regarding of them being accepted by retailers.

  DMD Diamond was designed to perform one of the main functions of money, preservation of wealth. Only in this case, it s a gold bar which mints more gold bars, due to its 50% annual PoS function.

  The fact we re just above 2 week until 2nd DMD Diamond birthday shows how stable this coins is. How many alt coins you know, besides the big 5, which have been around long enough to reach year 3?

  Regarding liquidity, true, this is still the issue, however DMD Diamond has been showing clear improvements in this field, daily volume s been rising as compared to about 2 months ago and I m confident the price ll continue to increase as well.

  Thx for your comment, really good stuff.

  I guess i have a hard time figuring out how you can say it was designed to preserve wealth, with a free market how is this possibly? The only way i can think of is if you are backing it with something like real diamonds, but then you become a centralized coin as someone has to hold the real diamonds.

  Posted on June 26, 2015 at 12:01 PM
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• maestro

  

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  What do you mean how can I say it? I purchased DMD about a year ago in the amount of about 5 BTC. In the meantime, I ve received about 65% stake interest, cause of compounding and staking, and the price went up 100% in the meantime. How is that not wealth preservation and wealth increase. How is this not sane investment decision?

  Can you list for me lots of other stake coins which have provided similar stability and profitability? I m not trying to compare this coin with the big ones, like Dash or Doge. However, this coins s got one of the best market caps amount smaller stake coins, it s been showing constant and stubborn growth on all fields and I simply like it.

  I only regret not being able to buy more at that time. About your comment of DMD Diamond being backed up with real diamonds, the dev team s been cooking something related to the real diamond market, not exactly backing the coin with diamonds but,,,,,you ll see.

  Again, if you have something else to suggest generating similar results, I am all ears.

  Posted on June 26, 2015 at 12:12 PM
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• pooktwo

  

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  Location: Indianapolis

  @maestro What do you mean how can I say it? I purchased DMD about a year ago in the amount of about 5 BTC. In the meantime, I ve received about 65% stake interest, cause of compounding and staking, and the price went up 100% in the meantime. How is that not wealth preservation and wealth increase. How is this not sane investment decision?

  Can you list for me lots of other stake coins which have provided similar stability and profitability? I m not trying to compare this coin with the big ones, like Dash or Doge. However, this coins s got one of the best market caps amount smaller stake coins, it s been showing constant and stubborn growth on all fields and I simply like it.

  I only regret not being able to buy more at that time. About your comment of DMD Diamond being backed up with real diamonds, the dev team s been cooking something related to the real diamond market, not exactly backing the coin with diamonds but,,,,,you ll see.

  Again, if you have something else to suggest generating similar results, I am all ears.

  Well im not saying that this hasnt been true thus far. You may not have lost any money and have only gained profits. That could be because its a great coin, or that could be luck. I was simply asking how you can back up this statment you made:

  "DMD Diamond was designed to perform one of the main functions of money, preservation of wealth. Only in this case, it s a gold bar which mints more gold bars, due to its 50% annual PoS function."

  The key word you use here is DESIGNED, this implies that this coin actually has something in the code that makes it to where it preserves your wealth and I am curious how that is accomplished, as the way i see it DMD could still be the victim of market manipulation and highs/lows because crypto is a free market.

  Once again, I am not saying that it hasnt been true so far, but why is it this way and how can you backup that it will stay this way?

  Posted on June 27, 2015 at 2:27 PM
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• maestro

  

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  Yes, that is true, it was DESIGNED to perform wealth preservation function. This was the main focus of the dev team, it was never meant to be used by retailers and there was no attempt to develop the coin in that sense. The main focus was to provide stability, price growth and to eliminate the possibility of pumps and dumps which have been the main threat for alt coins. I will not go into details how this was accomplished, it s partially related to inflation control but this is something the dev team s not willing to reveal.

  I really have no reason to spread lies here, all I ve stated about my experience with this coin s true, whether you believe me or not, that s your problem. What can I really accomplish from telling lies here, there s no referral link here, no way for me to profit from you obtaining or not obtaining this coin. In other words, I don't care.

  How can I backup it ll stay this way???? Well, I have been in crypto for a long, long time and have tried everything, from CPU mining, GPU mining, staking, trading, cloud, investing into crypto startups etc. However, even after all this experience, I cannot claim it ll stay this way. If I could, I would be selling my house ATM and buying DMD instead of posting here. :)) However, what I can say is that this coins has never disappointed me so far. People do not sell it, the community s nice, volumes are slowly going up, coin rollout guarantees even more scarcity in the future, the dev team s the most honest group of people I know, there are a few more interesting traits you need to learn by yourself and I ll do my best to get as many DMDs as possible.

  This is my opinion, you still need to your own due diligence and again, pls feel free to share anything similar you might ve come across.

  Posted on June 27, 2015 at 9:39 PM
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• pooktwo

  

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  Posts: 792
  Location: Indianapolis

  @maestro Yes, that is true, it was DESIGNED to perform wealth preservation function. This was the main focus of the dev team, it was never meant to be used by retailers and there was no attempt to develop the coin in that sense. The main focus was to provide stability, price growth and to eliminate the possibility of pumps and dumps which have been the main threat for alt coins. I will not go into details how this was accomplished, it s partially related to inflation control but this is something the dev team s not willing to reveal.

  I really have no reason to spread lies here, all I ve stated about my experience with this coin s true, whether you believe me or not, that s your problem. What can I really accomplish from telling lies here, there s no referral link here, no way for me to profit from you obtaining or not obtaining this coin. In other words, I don't care.

  How can I backup it ll stay this way???? Well, I have been in crypto for a long, long time and have tried everything, from CPU mining, GPU mining, staking, trading, cloud, investing into crypto startups etc. However, even after all this experience, I cannot claim it ll stay this way. If I could, I would be selling my house ATM and buying DMD instead of posting here. :)) However, what I can say is that this coins has never disappointed me so far. People do not sell it, the community s nice, volumes are slowly going up, coin rollout guarantees even more scarcity in the future, the dev team s the most honest group of people I know, there are a few more interesting traits you need to learn by yourself and I ll do my best to get as many DMDs as possible.

  This is my opinion, you still need to your own due diligence and again, pls feel free to share anything similar you might ve come across.

  Ok, I would like to see the details on this from the dev team before I would want to invest in this. Transparency is a big key factor in projects for this space, that tends to be a very important component. I will say that if a company is looking to build something and make money, I understand not wanting to open source your platform, as you might not make any money. But the currency itself I feel needs to be 100% transparent.

  Thanks :D

  Posted on June 28, 2015 at 1:25 PM
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• philder

  

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  Location: Bedfordshire, UK

  I'm struggling to understand how something can have price growth AND stability? The two qualities would seem to be mutually exclusive. Price growth suggests it feels market forces (supply and demand, scarcity etc), but stability implies the opposite. If the coin feels market forces, what mechanism is in place to limit it feeling them in both directions?

  As for due dilligence, that's only possible if there are details available to be analysed. As long as the mechanisms employed aren't published, there is nothing to actually perform due dilligence on, so any "investment" decision is based on at best incomplete and at worst flawed information.

  Finally, looking at you comments above, if nobody is selling the coin, how do you intend to realise any gains you might make? You can have the highest staking returns under the Sun, but unless you can realise them, what's the point? That sort of behaviour would set alarm bells ringing for me to be honest.

  Posted on June 29, 2015 at 5:09 AM
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• maestro

  

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  @pooktwo

  @maestro Yes, that is true, it was DESIGNED to perform wealth preservation function. This was the main focus of the dev team, it was never meant to be used by retailers and there was no attempt to develop the coin in that sense. The main focus was to provide stability, price growth and to eliminate the possibility of pumps and dumps which have been the main threat for alt coins. I will not go into details how this was accomplished, it s partially related to inflation control but this is something the dev team s not willing to reveal.

  I really have no reason to spread lies here, all I ve stated about my experience with this coin s true, whether you believe me or not, that s your problem. What can I really accomplish from telling lies here, there s no referral link here, no way for me to profit from you obtaining or not obtaining this coin. In other words, I don't care.

  How can I backup it ll stay this way???? Well, I have been in crypto for a long, long time and have tried everything, from CPU mining, GPU mining, staking, trading, cloud, investing into crypto startups etc. However, even after all this experience, I cannot claim it ll stay this way. If I could, I would be selling my house ATM and buying DMD instead of posting here. :)) However, what I can say is that this coins has never disappointed me so far. People do not sell it, the community s nice, volumes are slowly going up, coin rollout guarantees even more scarcity in the future, the dev team s the most honest group of people I know, there are a few more interesting traits you need to learn by yourself and I ll do my best to get as many DMDs as possible.

  This is my opinion, you still need to your own due diligence and again, pls feel free to share anything similar you might ve come across.

  Ok, I would like to see the details on this from the dev team before I would want to invest in this. Transparency is a big key factor in projects for this space, that tends to be a very important component. I will say that if a company is looking to build something and make money, I understand not wanting to open source your platform, as you might not make any money. But the currency itself I feel needs to be 100% transparent.

  Thanks :D

  @philder I'm struggling to understand how something can have price growth AND stability? The two qualities would seem to be mutually exclusive. Price growth suggests it feels market forces (supply and demand, scarcity etc), but stability implies the opposite. If the coin feels market forces, what mechanism is in place to limit it feeling them in both directions?

  As for due dilligence, that's only possible if there are details available to be analysed. As long as the mechanisms employed aren't published, there is nothing to actually perform due dilligence on, so any "investment" decision is based on at best incomplete and at worst flawed information.

  Finally, looking at you comments above, if nobody is selling the coin, how do you intend to realise any gains you might make? You can have the highest staking returns under the Sun, but unless you can realise them, what's the point? That sort of behaviour would set alarm bells ringing for me to be honest.

  Instead of giving you a detailed answer, let me just show you a bit of price statistics.

  data from 10.september 2014 http://i.imgur.com/Vkhllzb.png

  data from 29.june 2015 http://i.imgur.com/F9KjyJm.png

  really no more explanation is required, let me just show you these facts

  DMD/USD  0.0685  -> 0.2731 or +398% DMD/BTC  0.00014 -> 0.00108 or +771%

  Add to this 50% PoS interest rate per year.

  Again, I couldnt care less if you get into DMD or not, I did and I really love. People who can recognize the opportunity might join, those who do not feel like it, fine, no problem.

  About inflation control mechanisms, they are all explained via the home page https://bit.diamonds/ Also, you can ask question over DMD Diamond BTT forum, https://bitcointalk.org/index.php?topic=580725.new;topicseen#new

  DMD Diamond community s very transparent, nothing is hidden. Yes, they are still a few honest dev teams around, no pumps, no dumps, no premine.

  Cheers

  Posted on June 29, 2015 at 12:11 PM
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• maestro

  

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  @pooktwo

  @maestro Yes, that is true, it was DESIGNED to perform wealth preservation function. This was the main focus of the dev team, it was never meant to be used by retailers and there was no attempt to develop the coin in that sense. The main focus was to provide stability, price growth and to eliminate the possibility of pumps and dumps which have been the main threat for alt coins. I will not go into details how this was accomplished, it s partially related to inflation control but this is something the dev team s not willing to reveal.

  I really have no reason to spread lies here, all I ve stated about my experience with this coin s true, whether you believe me or not, that s your problem. What can I really accomplish from telling lies here, there s no referral link here, no way for me to profit from you obtaining or not obtaining this coin. In other words, I don't care.

  How can I backup it ll stay this way???? Well, I have been in crypto for a long, long time and have tried everything, from CPU mining, GPU mining, staking, trading, cloud, investing into crypto startups etc. However, even after all this experience, I cannot claim it ll stay this way. If I could, I would be selling my house ATM and buying DMD instead of posting here. :)) However, what I can say is that this coins has never disappointed me so far. People do not sell it, the community s nice, volumes are slowly going up, coin rollout guarantees even more scarcity in the future, the dev team s the most honest group of people I know, there are a few more interesting traits you need to learn by yourself and I ll do my best to get as many DMDs as possible.

  This is my opinion, you still need to your own due diligence and again, pls feel free to share anything similar you might ve come across.

  Ok, I would like to see the details on this from the dev team before I would want to invest in this. Transparency is a big key factor in projects for this space, that tends to be a very important component. I will say that if a company is looking to build something and make money, I understand not wanting to open source your platform, as you might not make any money. But the currency itself I feel needs to be 100% transparent.

  Thanks :D

  Well, well, well. What am I supposed to say now besides I told you so. The price went up 100% over the last 24 hours and is going to continue rising. As I ve said, DMD Diamond s got a very unique inflation control system which supports the price and the market has recognizes this.

  Cheers

  Posted on July 2, 2015 at 12:06 PM
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• maestro

  

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  2nd DMD Diamond bday is almost here, less then a week to go.

  There is 2nd anniversary birthday cake competition currently running where you can win 250 DMD.

  Take a look if interested,

  https://bit.diamonds/community/index.php/topic,120.0.html

  Posted on July 7, 2015 at 12:37 PM
  Last Edited: July 8, 2015 at 11:41 AM
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