You are viewing a single comment's thread from:
RE: The future storage of value, BTC, Diamond (DMD) coins vs cash, cryptofiats and gold
I had some DMD but I don't think it will be a threat of any kind! It's just another crypto like all others. BTC forks again and won't go up very fast like this. But we will see what gonna happen
Ill write a piece on how DMD is not just another BTC fork, ill post its link here if youre interested. Ill do an exclusive 2017 autum in depth interview with the DMD developers .Of course, it will be biased, but you can read how and why this old coin still is alive and kicking, and will be alive and kicking for many many years to come.
Doesn't hit me as all that special. Unless it's backed by diamonds I don't really see a value proposition. Sorry. Just my honest opinion. Keep writing though. Followed
Thanks for your comment and follow minderbinder. It's good to have a critic with us, hopefully for the long run. I'll try my best to write interesting pieces enough, with a DMD twist, to keep you reading.
I took up your question with a lead developer of DMD and here was his answer:
"What is bitcoin dash ethereum being backed by? not even fiat is backed by a gold reserve. DMD has all that bitcoin + all top10 coins has. And DMD has more
DMD has -as one of the few coins - a finite coin supply and a infinite coin rollout.
DMD provides 2 ways to earn semi/passive (need a node running) income via POS and masternodes. And DMD will never stop developing the coin to establish a serviceplatform on top of what DMD already has and then build services and apps around the DMD ecosystem. " I hope that clears up slightly why I - DrDMD - is heavily invested.
Thsnks
I can say that so far DMD has proved its theory with me... for example... nearly 2 years ago I didn't have much cash, but I used my whole tax return on an investment in DMD.
I spent 5-7k US total (can't remember exactly) and purchased a 'Legendary 10' address, a promotional address DMD was offering, as well as about 12k DMD coins.
For a while there, I wasn't sure that my investment would be amazing, and nearly sold it... but I'm SO GLAD I didn't...
When DMD released v3.0, they decided to honor their Legendary 10 holders, by providing them with a MasterNode! This MasterNode doesn't allow the holder to spend the initial 10k coins, but they CAN spend the coins that the MasterNode mints. :) This was a VERY fair trade, IMO.
So I was given a MasterNode, which has already made me over 200 DMD coins! I also had a nice chunk of DMD left (after selling a few earlier due to necessity and other purposes.)
I sold a chunk of my remaining coins, to provide the USD necessary to PUT A DOWN PAYMENT ON MY HOME!
So... not only do I now have a node that brings me around 80-100 USD per DAY, but I also have a down payment on my home... ALL of this... from a 5-7k USD investment nearly 2 years ago...
If this isn't a success... I don't know what is!
Thanks for your support for DMD 2 years ago. May your Masternode provide for you for a long long time into the future. You deserved it, and you deserve it. Keep it up mate.
Right