Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: thejaytiesto on July 09, 2017, 06:56:19 PM



Title: How does Decred claim to fix the current Bitcoin problems?
Post by: thejaytiesto on July 09, 2017, 06:56:19 PM
Decred claims to have found the solution for the Bitcoin governance problem. Of course whenever I hear someone claiming to have fixed what Bitcoin can't, I think it's a scam. Upon further research they seem to use a PoS/PoW hybrid solution in which voting happens.

I can't keep up with so much stuff right now so I would like anyone to explain to me why Decred is worth anyones time and money.

Mindless shills don't try to sell me your bags because they you are obvious to me.


Title: Re: How does Decred claim to fix the current Bitcoin problems?
Post by: xbiv2 on July 09, 2017, 06:58:10 PM
read this: https://bitcointalk.org/?topic=2007635


Title: Re: How does Decred claim to fix the current Bitcoin problems?
Post by: systemv on July 09, 2017, 07:16:40 PM
Decred claims to have found the solution for the Bitcoin governance problem. Of course whenever I hear someone claiming to have fixed what Bitcoin can't, I think it's a scam. Upon further research they seem to use a PoS/PoW hybrid solution in which voting happens.

I can't keep up with so much stuff right now so I would like anyone to explain to me why Decred is worth anyones time and money.

Mindless shills don't try to sell me your bags because they you are obvious to me.

I don't get Decred governance model, it's based on assumption that PoS and PoW groups will balance each out on making compromise decisions. Theoretically thats possible. But in practice miners would be still biggest PoS stakeholders. Or I am missing something?


Title: Re: How does Decred claim to fix the current Bitcoin problems?
Post by: thejaytiesto on July 10, 2017, 12:37:58 PM
Decred claims to have found the solution for the Bitcoin governance problem. Of course whenever I hear someone claiming to have fixed what Bitcoin can't, I think it's a scam. Upon further research they seem to use a PoS/PoW hybrid solution in which voting happens.

I can't keep up with so much stuff right now so I would like anyone to explain to me why Decred is worth anyones time and money.

Mindless shills don't try to sell me your bags because they you are obvious to me.

I don't get Decred governance model, it's based on assumption that PoS and PoW groups will balance each out on making compromise decisions. Theoretically thats possible. But in practice miners would be still biggest PoS stakeholders. Or I am missing something?

Looks like they are being naive in thinking this will not get gamed when (if ever) Decred gets as big as Bitcoin. I don't believe the idea is new enough to replace bitcoin. We have already seen PoS/PoW hybrid solutions with reputation mechanism and I don't think it's robust enough to think this is a so called bitcoin killer.


Title: Re: How does Decred claim to fix the current Bitcoin problems?
Post by: Piston Honda on July 10, 2017, 01:14:21 PM
when WBB (DLS) owners of 1ex.trade drop their new wallet in the coming weeks, everyone will see how it changes the game in crypto and fixes any current issues ppl have with bitcoin and the blockchain.  8) ;)