Decred is one of those coins that wanted to "fix" bitcoin. Their big features were governance and a hybrid pow/pos model.

Their founder Jake Yocom Piatt has talked negatively about Bitcoin since the Greg Maxwell days, ever since Bitcoin Core declared btcd as persona non grata. He has repeatedly called Bitcoin too centralized under BCs control. He also strangely calls miners malicious for selling instead of participating in their proof of stake system.

Now it turns out that Decred there is evidence that over 2M of the 21M coins are owned by the Decred founder. This would be double the Satoshi amount , and effectively means a single person has a de facto veto power over all governance decisions. Over time, these holdings will grow even higher.

There is a crazy discussion on the Decred reddit. Their admins first asked for proofs, but then started censoring the posts when the evidence started rolling in. It got reposted in second reddit.

They just voted over 90% to kill ASIC miners, and move to a 99% Proof of Stake model. There is now a question about how much of the voting came from their founding team whales, and how much comes from 'regular users'. IIRC, multiple people have 6 figure bags from staking their premine.

They delivered on non-trivial software innovations, but it's sad to see human ego and a centralization of power take over again.