As promised, the transcript of the e-conversation 20171028 in the DMD-slack channel.
drdmd [9:35 PM]
Crazy stupid idea that struck me for DMD and that costs massively of course but depends on the future BTC price of DMD. And that is one tries to make it a goal for DMD to be present on ALL major exchanges so that DMD can be a vehicle for transferring wealth from one exchange to another. Reducing the price , thereby subsidizing transaction costs to maximally like 100 satoshi making DMD the absolute cheapest way of moving wealth from A-B, much much cheaper than anything alive. Since DMD is present "everywhere" and word will quickly spread that its cheap moving wealth and storage of wealth, making DMD solving not just 1 but 2 real world problems...
[9:36]
This costs alot though, but if it works, DMD will take a large leap forward.
[9:36]
Dont know how to spread this cost, alot of bribery and contacts have to be used. (edited)
[9:37]
DMD will be a real competitor to other altcoins, perhaps THE top 20 altcoins of the future.
[9:39]
Im actually prepared to donate like my next batch of altcoin investment (3 to 4 months) 40-50 000 EUR for this cause because it will move DMD forward SIGNIFICANTLY if i see more people chipping in significantly.
[9:41]
It is what it is, a crazy stupid idea...
[9:41]
sometimes, this is what is required to move mountains.
[9:42]
The project can be called outsourcing BTC.
helmut [9:42 PM]
it doesnt work because the tx cost ist not what hurt its the conversion cost to BTC because as long other coins not traded against DMD u always have to convert to BTC
[9:43]
but keep thinking mr thinktank
[9:43]
once u will have a idee we cant find a flaw in it
drdmd [9:43 PM]
got it, thanks for the input
helmut [9:44 PM]
dmd is storage of wealth not movement of wealth
[9:44]
not now (edited)
[9:44]
maybe in future
[9:45]
the advantage we have to BTC is we generate interest we waste no energy we able fast react on new technologies (edited)
drdmd [9:46 PM]
Its great advantages, its just hard for investors chasing 10x returns to go for 0.25x stable and "guaranteed" returns
[9:47]
its good for like 1-2 year from now when the market has matured a little
[9:47]
THEN these advantages come online for reals.
[9:47]
but until then, ill be thinking on...
shveicar [9:47 PM]
We still need to make some important steps in terms of updates that would have to openly declare that DMD is one of the most reliable and safe coins, which is fully compatible with the latest Protocol of BTC, but it has a number of advantages
shveicar [9:53 PM]
at the moment we switched to eco-friendly version of the Protocol and added MN but this is still not enough what be a began gold rush and the hunt for DMD as a real treasure.
drdmd [9:55 PM]
Well DMD is a huge success
[9:55]
10x in one year is massive
[9:58]
Its just that we need to be solving more (easy to solve) real world problems, not "just" 1) storage of value 2) hedge against altcoins when BTC goes up/down, which is all nice and well...we need more easy to implement solvings...
[9:58]
but thats my humble view
helmut [9:58 PM]
20x
drdmd [9:59 PM]
sorry, i stand corrected, 20x (edited)
[10:00]
We need to get the attention of the masses BEFORE institutional investors hit the market
[10:00]
think...think... :smile:
shveicar [10:04 PM]
And we haven't even got to the list of the top 100 coins. I just see that the market is flooded with empty coins having a market capitalization of $ 100 million and above. So we have a direction to go up.
Sensei Kevlar [10:06 PM]
drdmd [10:06 PM]
lets hear it!
Sensei Kevlar [10:06 PM]
We're here........
drdmd [10:06 PM]
all problems are solvable somehow
Sensei Kevlar [10:06 PM]
You wanted to do that -before- we arrived. We're here.
drdmd [10:07 PM]
you and me are not institutional investors
Sensei Kevlar [10:07 PM]
On the contrary...
shveicar [10:07 PM]
Early what would coin noticed by the big players, needed capitalization of $ 100 million. Today the bar has risen to a value of 1 billion.
drdmd [10:07 PM]
Fund managers, hedgefunds an the likes dont like the volatility of cryptos. Therefore, theyre on the sidelines.
Sensei Kevlar [10:08 PM]
Yes, the With More HOPE Foundation does. And we're structuring all our vehicles on the blockchain moving forward. And we're basing our first reserve fund on DMD Diamond. (edited)
[10:09]
I hate to be the one to break it to you but we're here and we're using DMD for our hedgefund.
[10:10]
We're working on aquisition of our second masternode and we have 4 more scheduled.
drdmd [10:11 PM]
i love what youre doing, im not questioning your size, but i think the really really large managers, the ones declaring themselves to be on the sidelines because they dont want to risc "otehr peoples money" as they put it, have not arrived yet
[10:11]
they dont like the volatility of the cryptos.Theyre waiting for the market to mature
[10:11]
once that happens, boom
Sensei Kevlar [10:12 PM]
Oh I know of many. And we're changing that whole story through charitable donations structured through transparency and passive income to the charities. It's something our large investors are climbing the walls to get at.
drdmd [10:12 PM]
right now, rich early investors are in, just like always, theyre always first, always breaking the way for the fund managers once things have matured a bit.
Sensei Kevlar [10:12 PM]
Because they can get a passive income product through a tax writeoff.
shveicar [10:13 PM]
As practice shows, the higher the price of the coin, the less volatility. the high price encourages investors to hold the coin instead of dumping it at the slightest fluctuation as it happens with many shitcoins
drdmd [10:14 PM]
Do you think the institutionalized investors are in the market now? If yes, when do you think they entered (in july after the BTC BCC fork?), or are they entering?
civan [10:14 PM]
who wants to steal DMD from Bittrex I have planned for my next node?
[10:14]
ha? who wants to steal that? show yourself. :slightly_smiling_face:
drdmd [10:14 PM]
:smile:
Sensei Kevlar [10:15 PM]
We absolutely agree. DMD Diamond was chosen for it's rarity and scarcity to build upon it's intrinsic value with. And they've been here for a while. There's 8 of them that I work with. Names like Sequoia, Kliner Perkins, and the like. They are VERY much here. And they're in ICO's all over the place.
[10:15]
A lot of pre-icos are funded by them.
drdmd [10:15 PM]
hmm
[10:16]
Ah, theyre preicoing and then bailing. Got it.
[10:16]
bailing/Scalping...
Sensei Kevlar [10:16 PM]
I'm an adviser to them and I'm starting my own hedgefund.
[10:16]
Yes.
[10:16]
It's a very predatory market.
drdmd [10:16 PM]
of course, it must be
Sensei Kevlar [10:16 PM]
I'm trying to create more stable vehicles.
[10:16]
Because there is a need for it.
[10:17]
DMD is a great example of how you might structure a stable asset. What it needs is a vehicle.
drdmd [10:17 PM]
How do you envision that vehicle looking like?
Sensei Kevlar [10:18 PM]
What we're doing is we have created a reserve fund in the form of masternodes which we are issuing ERC20 tokens against to represent ownership. Since these tokens 'mint' at the rate of the reserve pool, and are redeemable from the reserve pool by burning the token, they are, at the low end, worth their representational asset. In this case.... a DMD Diamond. But.....
[10:20]
Since they stake at a higher rate than a DMD, they should be worth more. In addition, we're structuring other similar staking pools using the same concept, a portion of which will be allocated for charity, and a portion of which will be allocated for HOPE DMD token holders. In this way, the tokens themselves can be speculated to be worth more than the DMD itself, because it's paying out from other pools. Finally..........
Fahad [10:20 PM]
joined community by invitation from civan.
drdmd [10:21 PM]
I understand, youre packaging and marketing DMD and altcoins thereby creating demand for them.
Sensei Kevlar [10:21 PM]
We are setting up our NPO to accept donations in the form of tax writeoffs to create these endowments of passive income for charity. In this way, you can donate your charitible tax write off to charity, to create your passive income vehicle.
[10:21]
Yes.
[10:21]
It's a vehicle.
drdmd [10:21 PM]
Its very good, i udnerstand no
[10:21]
im in the health business, you know :smile:
Sensei Kevlar [10:21 PM]
What it does is lift DMD up as a brand.
[10:21]
Because now it's being used for charity.
drdmd [10:21 PM]
i need spoonfeeding
Sensei Kevlar [10:22 PM]
And it creates auditable passive income for investors and for charities and tax write offs for larger investors.
[10:22]
It's a win-win-win-win.
[10:22]
Everyone wins.
[10:22]
Because all the audit can happen on the blockchain.
drdmd [10:23 PM]
i see, its very good and neatly thought out
Sensei Kevlar [10:23 PM]
We are bringing blockchains and passive income to the dark corners of the world and we have about 3 billion dollars lined up to throw at us.
drdmd [10:23 PM]
do you have the customers for these products? Or is a degree of marketing in order?
Sensei Kevlar [10:24 PM]
Yes, and yes. We have a team of marketing people who are in the process of getting on our payroll to do the work of creating the necessary assets, and we have a fundraising committe of a number of high level executives from other NPO's working with us.
[10:24]
Finally.... we will have an ICO.
drdmd [10:24 PM]
So DMD is obviously a storage of wealth (and in the future a hedge against altcoins) but what other altcoins do you forsee or actually use ?
Sensei Kevlar [10:24 PM]
In which we sell a portion.
[10:24]
of the HOPE DMD.
[10:24]
Yes.
drdmd [10:25 PM]
ICO on the Ethereum blockchain....
Sensei Kevlar [10:25 PM]
DASH, PIVX....
[10:25]
Yes.
[10:25]
Anything with Masternodes is a good candidate.
drdmd [10:25 PM]
exactly, masternodes.pro ....
Sensei Kevlar [10:25 PM]
Yes.
[10:25]
Our favorite site.
[10:25]
We chose DMD for a very good reason.
drdmd [10:25 PM]
:smile:
Sensei Kevlar [10:25 PM]
It's the best in our oppinion for our 'mothership' vehicle.
[10:26]
Which we deploy other vehicles around.
drdmd [10:26 PM]
when did you find DMD
Sensei Kevlar [10:26 PM]
The HOPE Diamond. The rarest, most valuable DMD in existence.
drdmd [10:26 PM]
because that is the time the institutional investor started pouring into the market?
Sensei Kevlar [10:26 PM]
I've been a trader in these markets since 2014, so i remember it coming on the scene. I've been a trader for 20 years.
drdmd [10:27 PM]
did you find DMD in 2014?!
Sensei Kevlar [10:27 PM]
Yeah.
[10:27]
But it wasn't until this year that we changed our opinion about it.
drdmd [10:27 PM]
ah!
Sensei Kevlar [10:27 PM]
The DASH core upgrade, and the price, correlated with the mining schedule....
[10:27]
It told the right story.
[10:28]
Until then it was never on our radar.
drdmd [10:28 PM]
What would YOU as an institutional investor need from DMD now? Because what I see or other smalltime investors opinions are, matters little...
Sensei Kevlar [10:28 PM]
To stay the course.
[10:28]
We'd like to be giving you money.
drdmd [10:28 PM]
storage of wealth, brand, passive income?
Sensei Kevlar [10:29 PM]
Yes, and core upgrades.
[10:29]
The Masternode upgrade was HUGE.
drdmd [10:29 PM]
it was!
Sensei Kevlar [10:29 PM]
So... we would love to be investing in the people in terms of providing them additional incentive to continue what they are doing for the brand.
[10:30]
Because we like the story it's telling.
[10:30]
It's VERY much about the story.
drdmd [10:30 PM]
Of cousre, DMD will stay on course, but can you see OTHER easy to solve problems that YOU as an institutional investor needs to be solved?
[10:30]
dont get me wrong, DMD is REALLY good...but how can it become better?
[10:32]
there is ALWAYS room for improvement, no matter how good the M1A2 Abrams tank is, There can always be a M1A3...
[10:33]
(i understand, your time is limited, thanks for the chat if youre not returning)
Sensei Kevlar [10:36 PM]
Sorry had to restart the old computer.
[10:36]
I think right now our biggest concern is always market onramps and offramps.
drdmd [10:36 PM]
i dont understand the term on(pff ramps
Sensei Kevlar [10:36 PM]
Exchanges.
drdmd [10:36 PM]
(health business)
Sensei Kevlar [10:36 PM]
Exchanges are a problem.
drdmd [10:37 PM]
in whcih way?
[10:37]
you need more exchanges for DMD?
[10:37]
are you by the way the large donator for the newest listing? :smile:
Sensei Kevlar [10:37 PM]
They lack good products, they lack good volume on the ones that are not Bittrex, and they lack good solutions that are not centralized.
[10:38]
It wasn't me, but I'm not saying I don't know who it was.
drdmd [10:38 PM]
haha :smile:
[10:38]
so the problem with onramps and offramps are not only with DMD but the other coins youre investing in?
[10:38]
On how many exchanges would YOU like to have DMD listed on, any preferences?
Sensei Kevlar [10:39 PM]
Yes, but DMD is almost didn't make the list on lack of exchanges. Ideally the answer is.... All of them. If Bitcoin is traded, DMD is traded. And that's something I think we can help with in a few ways.
drdmd [10:39 PM]
AHA!
Sensei Kevlar [10:39 PM]
Because we also will need our coin listed.
[10:40]
And it really does need to be along side it.
drdmd [10:40 PM]
there we have it, so the original idea to list DMD on the majority of exchanges to was not that bad after all according to you? (edited)
[10:41]
So you want a BTC-DMD-Kevlar-coin axis listed on all major exchanges.
Sensei Kevlar [10:41 PM]
It's, in our opinion, vital for it's long term price valuation. It can't go out of style just because Bittrex gets a hair up their ass and kicks it off.
[10:41]
It's the HOPE Diamond....
[10:41]
But yes.
[10:41]
HOPE is our ticker.
drdmd [10:41 PM]
BTC-DMD-HOPE-diamond axis...
Sensei Kevlar [10:41 PM]
Yes.
drdmd [10:42 PM]
hmm, what if DMD simply cannot get listed on other exchanges and it just becomes BTC and HOPE axis?
Sensei Kevlar [10:42 PM]
Since HOPE always has a 1:1 redepmption rate upon burning for an actual DMD.
[10:42]
But is potentially worth a lot more in terms of staking reward from holding.
[10:42]
That's fine.... at that point I suspect they will have to consider it.
[10:42]
Just out of demand.
[10:42]
They would be losing money not to.
drdmd [10:43 PM]
(because there are 2 ways of getting DMD listed, either exchanges list us because were just MASSIVE or we contact exchanges and bribe them.)
Sensei Kevlar [10:43 PM]
Right.
[10:43]
And we're all about both.
[10:43]
We already have our marketing guys hard at work on it.
[10:44]
And when TraderPlan launches at the start of the month here, we are targeting about a quarter of a million in monthly revenue for our spend on our marketing campaign.
[10:44]
Because the marketing materials literally write themselves.
drdmd [10:44 PM]
you wouldnt need the "help" of smalltime DMD investors like us (im mainly talking about my puny holdings) in the channel?
Sensei Kevlar [10:44 PM]
Giving HOPE to charities via passive income transparently on the blockchain using taxable donations?
[10:45]
Our large investors are... literally.... climbing the walls for it.
drdmd [10:45 PM]
understand.
[10:45]
so all you need is time
Sensei Kevlar [10:45 PM]
Yes.
drdmd [10:45 PM]
and more marketeers?
Sensei Kevlar [10:45 PM]
Yes, but... at the right time and with the right message.
[10:46]
Because DMD on it's own is great. HOPE for charities....
[10:46]
That's massive.
drdmd [10:46 PM]
can you see your plans weak spots? Where could it fail?
Sensei Kevlar [10:47 PM]
Certainly. We have a number of failure scenarios we have explored. Risk management is our main game. DMD could just get forgotten about. Or fork and the devs disapear. All of these contingenies are very much planned for.
drdmd [10:47 PM]
Are there other institutional investors in this game, pressing on with their own blockchains or have their favorite coins?
Sensei Kevlar [10:47 PM]
Not that we have seen... but we expect competition immideately. Which is why we have the 3 billion lined up for next year.
drdmd [10:48 PM]
Sensei, why not go with your own blockchain, like banks and ripple? Why use DMD? Is DMD that cheap that its not worth it for you guys?
Sensei Kevlar [10:48 PM]
Because it has an existing market and an existing store of value and an existing brand and an existing story. Why pay for the milk when you can get the cow for pennies on the dollar?
drdmd [10:49 PM]
exactly, its all there, its cheap, its up for grabs...
Sensei Kevlar [10:49 PM]
That's right.
[10:49]
It's SUPER cheap.
drdmd [10:49 PM]
Sensei, can i use all these info to put up an article about it?
[10:49]
on steem? or should i wait?
Sensei Kevlar [10:49 PM]
Compared to building our own story over the next 4 years?
[10:49]
We'd rather use an existing one and buy it cheap.
drdmd [10:49 PM]
DMD is just great
Sensei Kevlar [10:49 PM]
It's CHEAP.
[10:49]
it's SUPER cheap.
[10:49]
We can't buy enough.
[10:50]
And when others get that story............
[10:50]
And yes, we will shortly have the whole marketing package for you to read over and share what you like.
drdmd [10:50 PM]
you have been here first, youll get to reap the rewards.
Sensei Kevlar [10:50 PM]
That's correct.
[10:50]
We did our homework.
[10:50]
It's perfect.
[10:50]
It's the right price to keep small fish out.
[10:50]
And scarce enough to fulfill our minting needs.
[10:51]
And old enough to have an existing market.
[10:51]
And clever enough to have a great brand.
[10:51]
It's CHEAP.
drdmd [10:51 PM]
So youre investing in PIVX? The bastards that tried to hack DMD? :smile:
Sensei Kevlar [10:52 PM]
We're interested in any blockchain that we can acquire massive amounts of on discount, in accordance to their allocation and risk factor. More to the point, we want to structure vehicles that make sense. PIVX, being a privacy focus, works well with anti-censorship activism charities.
[10:53]
DMD works well for an 'investment vehicle'.
drdmd [10:53 PM]
It does. Out of curiosity, would you need such a feature with DMD?
Sensei Kevlar [10:53 PM]
Our mothership for other vehicles.
drdmd [10:53 PM]
(privacy feature)
Sensei Kevlar [10:53 PM]
Any feature is a good feature when we don't have to pay for it, or we can pay for it early and then get the lift on the price later.
[10:53]
Both are options we love doing.
[10:54]
That's why DMD is our choice.
[10:54]
It has the right team.
[10:54]
A team that can pull off a MN fork.
[10:54]
That's not amatuer hour right there.
[10:54]
That's real deal.
drdmd [10:54 PM]
AND put down a hostile hack from pivx, not to mention!
Sensei Kevlar [10:54 PM]
I agree.
[10:54]
We LOVE DMD.
[10:55]
So let us finish up our marketing materials because this is something we are anxious to share with the world very soon here.
shveicar [10:55 PM]
drdmd [10:56 PM]
you guys are heroes, thats all i can say, squashing this in its babycrib.
Sensei Kevlar [10:56 PM]
We agree. The team is one worth investing in. Which is exactly what we are doing.
[10:56]
MN2 is in allocation now.
drdmd [10:56 PM]
Sensei, id love to get my hands on your marketing stuff
Sensei Kevlar [10:56 PM]
We're.... 37.54% there.
[10:57]
Yes, absolutely.
drdmd [10:57 PM]
youre just waiting for lower prices :smile:
Sensei Kevlar [10:57 PM]
Correct.
[10:57]
I would love to share it with you.
[10:57]
Give us another 3 weeks.
drdmd [10:57 PM]
do you have a date for your marketing and what key dates w...
[10:57]
ok
[10:57]
understood
[10:58]
So basically, anyone listening or on the sidelines on DMD has around 3 weeks to get in?
Sensei Kevlar [10:58 PM]
Yeah, we have the 1st for the launch of TraderPlan, which is the portfolio automation suite, and then the 20th to start shopping the marketing materials around... namely the marketing brief, whitepaper, and roadmap.
[10:59]
TraderPlan is a key revenue stream for our vehicle so we're trying to get that out the door right now.
[10:59]
Then we shift focus on the HOPE opportunity full time.
drdmd [11:00 PM]
is any info youve given us somehow to be kept confidential for DMD channel only or can i use this to attract more attention via steem?
[11:00]
(i have 58 followers! :D)
Sensei Kevlar [11:00 PM]
Right now we're not trying to share the wrong message that we need to later correct. We want to make sure we get it right the first time.
[11:01]
I was inquiring if the masternode minting 2 in a row was strange.... I picked it up in the feed this morning.....
drdmd [11:01 PM]
do you have a preico on HOPE?
Sensei Kevlar [11:01 PM]
Yes. that's in January.
[11:02]
And March is the ICO.
drdmd [11:02 PM]
i have a guy carter thomas, he is REALLY interested in preico stuff, have you heard of the guy?
Sensei Kevlar [11:03 PM]
uploaded this image: hope 2 in a row.png
Add Comment
Sensei Kevlar [11:03 PM]
I have not.
[11:03]
You can see.... I was a bit confused.
[11:03]
2 in a row? We've never done that before.
drdmd [11:03 PM]
he has his own youtube channel. He might be interested in hearing from you, subscribe to his channel, take direct contact with him, tell him what you told our channel, he might be interested
Sensei Kevlar [11:03 PM]
Thank you I will, I'll send my marketing guy to look into him.
[11:04]
I'm just the head mucky muck.
[11:04]
I don't actually -do- anything myself.
drdmd [11:04 PM]
https://twitter.com/carterthomas
twitter.com
Carter Thomas (
The latest Tweets from Carter Thomas (
[11:04]
he knows ALOT aboutm arketing, its his trade actually
[11:05]
and correct marketing...
Sensei Kevlar [11:05 PM]
I've put the links in our marketing and fundraising channels for my employees to pick up.
[11:05]
Thank you
drdmd [11:05 PM]
use the guy for what its worth...he has been around broadcasting only since july...and he has 10s of thousands of intelligent followers.
[11:05]
in just months.
Sensei Kevlar [11:05 PM]
Thank you I will.
[11:06]
Or rather Roons or Tim will
[11:06]
I have had to expand my payroll from 14 to 38 in the past month.
drdmd [11:06 PM]
astounding
[11:06]
so i see myself standing corrected somewhat
[11:07]
would you consider yourself as a small, medium or large institutional investor?
[11:07]
large being goldman sachs :smile:
Sensei Kevlar [11:07 PM]
I am a small one, but I work with a number of medium and big ones.
[11:07]
We raised 120k for the first masternode in 4 days.
[11:07]
Was easy.
drdmd [11:07 PM]
increadible
Sensei Kevlar [11:08 PM]
We now have 7 more lined up.
[11:08]
Because the second the first one staked it's first reward....
[11:08]
Every sideliner wanted in.
[11:08]
That was the start of this month.
[11:09]
Since then we've had to bring in two new lawyers just to deal with the business structures.
drdmd [11:09 PM]
well, lets hope your plans lock into place and you dont get into the DMD squeeze that we talked about a month ago when the DMD supply is running dry
[11:09]
have you factored this in?
Sensei Kevlar [11:10 PM]
Oh yes. The minting schedule was what prompted us to move on it now.
[11:10]
7 is optimistic.
drdmd [11:10 PM]
how much would your plans change if the price of DMD quadroupled in like 2 weeks from now ?
Sensei Kevlar [11:10 PM]
All that would be different is our opening ICO price would be 4x what we are thinking it would be now.
drdmd [11:11 PM]
ah, understand! Because what youre telling me is that i should remove all my sell orders now :smile:
Sensei Kevlar [11:11 PM]
Well my bot will never buy them anyway. Just scalp them.
drdmd [11:11 PM]
ahah :smile:
Sensei Kevlar [11:11 PM]
It'll take your order and +1 satoshi it
[11:12]
all day long
drdmd [11:12 PM]
haha :smile:
Sensei Kevlar [11:12 PM]
Or -1 satoshi on the sell side
[11:12]
I never pay taker fees.
[11:12]
That's why allocation can take a while.
[11:12]
Because we don't pay taker fees.
drdmd [11:12 PM]
slow and methodical...
Sensei Kevlar [11:12 PM]
Yes. (edited)
drdmd [11:13 PM]
Thanks for the chat Sensei, its great to know we have a large investor with us
Sensei Kevlar [11:13 PM]
You can put your orders into the market all day. I will NEVER buy them. :wink:
drdmd [11:13 PM]
i know :smile:
Sensei Kevlar [11:13 PM]
Thank you for being here and doing what you're doing.
drdmd [11:13 PM]
contact me directly in some weeks about your marketings tuff
Sensei Kevlar [11:13 PM]
I absolutely will.
drdmd [11:14 PM]
see you around, time for sleep, my newest kid needs me
Sensei Kevlar [11:14 PM]
goodnight!