If Bitcoin is gold, check this out!

Hello guys and gals, Nex here - hope you missed me!

Today I'm going to cover the DIAMOND or DMD cryptocurrency, so brace yourselves, long post incoming.

Diamond is a digital currency that allows people to send money anywhere in the world instantly, securely and at a very low cost for the user.

At the same time, DMD is a sort of non-government controlled and taxed asset, which has zero storage cost - BUT wait, there's more! - and high annual interest for the user.

You might be thinking ¨Hey, Paypal sort of does that too!¨ - Did I guess right?

Indeed, while Paypal allows users to transfer money worldwide, almost instantly and most of the times securely, it still reports to the government - this being it's first downside.

It's second downside is that Paypal isn't an asset but a means of transfer worldwide, and as such you are inconvenienced with something called exchange rates - and although exchanging US Dollar to Real is quite fun, when exchanging from Real to US Dollar you'll go into what I like to call the Exchange Blues.

DMD trumps over - see what I did here? - Paypal and other services, due to its ability to retain value and even increase in value due to it's almost 25% annual interest! - Which means that if you HODL (Hold On for Dear Life) to your Diamond, you're increasing your wealth by 25% just by letting it sit there!

EDIT - As per @amirl 's question: - The moment you acquire Diamond it becomes an interest bearing asset with 25% return per year. The interest will be successively reduced over the coming years.

EDIT 2 -As per @amirl 's second question -this guy is on fire: In order to increase the DMD adopters wealth with 25% annually without causing hyperinflation and loss of value Diamond's system is governed by a predefined and carefully designed issuance model - which I understand transfers the 25% increase directly into the DMD wallet which holds the DMD funds!

And hold on to your underpants because I'm not nearly done yet!

Diamond will only have a total of 4,38 million Diamonds created EVER, which means, like real diamonds, DMD will increase in value at some point, or so it's designed to.