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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: August 13, 2020, 10:16:10 PM
And the $400 lvl is again broken af Cheesy
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: June 12, 2020, 07:21:31 PM
How come so many things are being voted for but the consensus algorithm isn't?

It doesn't only need to be secure you know but needs to try to reach the widest the fairest distribution.

Decentralizing ... as the DE in DEcred ...

Hypocrisy at its best.

Which proposal are you talking about? https://proposals.decred.org/?tab=approved
3  Alternate cryptocurrencies / Pools (Altcoins) / Re: [POOL] --- Coinotron --- RavenCoin PPS: 1.5% ----- PPLNS, RBPPS: 0% --------- on: March 29, 2020, 09:34:02 PM
I mined on Coinotron some time ago, and was looking to withdraw some small amounts I had left on the pool account....but I've apparently forgotten my OTP. Can this be reset?
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: February 09, 2020, 05:10:19 PM
Found another interesting factoid in Ethereum today:

Quote
PoolTogether launched in June, and in the next six months its users won a total of $3,594. Over the same six month period, Tezos validators earned transaction fees totalling $3,745.

God I love Ethereum.

Sauce: https://medium.com/@jjmstark/the-year-in-ethereum-2019-242012e4276d
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: January 11, 2020, 07:29:09 PM
You call my arguments "bullshit" but want me to do this research for you... No thanks
Any claims about Decred superiority exist due to ignorance and/or to defraud users, that's about it. It's the same as with most altcoins and tokens, this fanclub isn't any much different. Irrelevant as that may be though, if you don't want to supply information then that is your choice and not my problem.

That's your opinion. Glad you have one Cheesy
This forum isn't an effective place to get conversations with Devs/SMEs. Most people in the crypto community already know this about btctalk...

Visit https://decred.org/community/
or our slack/discord: https://discord.gg/
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: December 18, 2019, 05:02:45 PM
156.91 DCR for a ticket  Shocked What the hell?
Current ticket price is 158.01 DCR as per Dcrstats.com and I think this will greatly increase in the coming days. It's quite interesting to see that it's only on the 124.37 DCR per ticket last December 4 and now jumped to that number today. What's the reason behind this?





The reason is supply and demand. If you look at the tickets bought on the PoS Ticket Price, DCR chart on dcrstats.com, you will notice ~1500 tickets were bought Dec 6th because the ticket price started going up. This is much more than the average ~700 a day, so the ticket prices spike to average this out. Also with over 51% of all DCR supply staked, there is just less room for tickets.

Yeah, I pretty much understand how the law of supply and demand works. But there were even greater spikes of volume throughout this year which didn't cause such increases in price. That's why I was a little surprised to see such price action. Maybe it's because there's more DCR in the market now, so the same movements happen on a larger scale.

Could be. I'm betting its more due to the pool size being consistently full. Then, when spikes have occurred, it causes the difficult algo to geometrically up the price ->->-> big ass price spikes.

I guess we're gonna see one of these "big ass price spikes" pretty soon, then Smiley


Maybe not as big a spike, because fewer tickets were sold near top of the ticket prices compared to other times.


Isn't the rate of ticket voting constant? Like, 5/block I believe. Not sure what you mean by sold near the top. /ponder
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: December 15, 2019, 01:34:56 PM
156.91 DCR for a ticket  Shocked What the hell?
Current ticket price is 158.01 DCR as per Dcrstats.com and I think this will greatly increase in the coming days. It's quite interesting to see that it's only on the 124.37 DCR per ticket last December 4 and now jumped to that number today. What's the reason behind this?





The reason is supply and demand. If you look at the tickets bought on the PoS Ticket Price, DCR chart on dcrstats.com, you will notice ~1500 tickets were bought Dec 6th because the ticket price started going up. This is much more than the average ~700 a day, so the ticket prices spike to average this out. Also with over 51% of all DCR supply staked, there is just less room for tickets.

Yeah, I pretty much understand how the law of supply and demand works. But there were even greater spikes of volume throughout this year which didn't cause such increases in price. That's why I was a little surprised to see such price action. Maybe it's because there's more DCR in the market now, so the same movements happen on a larger scale.

Could be. I'm betting its more due to the pool size being consistently full. Then, when spikes have occurred, it causes the difficult algo to geometrically up the price ->->-> big ass price spikes.
8  Other / Meta / Re: The Bitcoin Forum is 10 years old! on: November 23, 2019, 02:57:02 AM
What a ball it's been. And will continue to be! This forum is an institution of the crypto world and someday will be studied as one of the birthplaces of the global revolution Bitcoin signifies.

I dunno about studied, but certainly referenced Cheesy

Happy 10 years!
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: November 21, 2019, 05:17:51 PM
Point of fact: every "established" blockchain project has their own forum/chat....usually multiple.  Roll Eyes
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: November 19, 2019, 08:08:10 PM
I'm a Decred HODLER, but I believe the coin is only successful until that first chain split.

Seriously? So in your opinion, coins like Bitcoin and Ethereum are not successful?


No, in my opinion Decred, with its thesis of on-chain governance, will be a failure if indeed a motivated minority does cause a chain split.

Are you a troll?



...in my opinion Decred, with its thesis of on-chain governance, will be a failure if indeed a motivated minority does cause a chain split.

I think a motivated minority will be able to cause a chain split.

Decred is developed to make it not possible because it would be very costly to do, but what if some bad actor would be only interested in finishing Decred project by a chain split to prove that on-chain governance is broken and don't think about the cost?

Yes, we can say that it is impossible to chain split decred without stakeholders agreeing to it.
Atack decred costs 20X more than taking control of bitcoin in a 51% attack.
Why would someone spend 20x more to attack decred, if with 20X less, they can do with bitcoin and earn much more billions of dollars?

https://blog.usejournal.com/apples-to-apples-decred-is-20x-more-expensive-to-attack-than-bitcoin-68bafeb4546f

https://medium.com/decred/decreds-hybrid-protocol-a-superior-deterrent-to-majority-attacks-9421bf486292

https://medium.com/decred/detailed-analysis-of-decred-fork-resistance-93022e0bcde7


Yes, exactly. The possibility is there of course, but it's quite infinitesimally small. Not only is there nothing to be gained, but it would be an unimaginable cost (even at current difficulty, and the difficulty just keeps going up, btw) to execute. We're talking on the level of governments and nation-states.
Honestly, one should be more afraid of the chance solar flares will ruin internet infrastructure before worrying about Decred having a contentious chain split.
11  Alternate cryptocurrencies / Mining (Altcoins) / Re: SRBMiner-MULTI CPU & AMD GPU Miner 0.1.7 beta on: November 18, 2019, 08:37:51 PM
Some hash rates. I've got an i9-7980XE @~3.6ghz

M7Mv2:
SRB: 18 threads – ~272 kh/s, ~72% cpu usage, ~50mb RAM
Minerd (Wolf's): 18 threads – ~340 kh/s, ~66% cpu usage, ~4mb RAM
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: November 18, 2019, 12:19:09 AM
In my opinion, Decred was always a decent project with a dedicated team.

We can see that the development is ongoing and lately we have some strong moves upwards price wise and that is why I started to wonder what is so special about Decred, despite this what I have already mentioned?

There are other better, faster and cheaper altcoins that already are used for transfers, we have BTC which has found a place as digital gold and safe haven and to be honest I don't hear anything about Decred implementations or use cases?

Community governance sounds very good and to be honest, on this hype Decred makes his way to the top 50 on CMC, but what is the future for Decred?

You didn't say anything about privacy and the lightning network that is already implemented in v1.5 release candidadate1 recently released


EDIT: There is no other currency as safe against attacks as decred.
         DCR is more safe than bitcoin
         The governance system through politeia allows any new feature on market to be implemented if the stakeholders wish.

On-chain governance system works until a motivated minority stops following the majority. Remember, changes in the network are permanent. What happens if there's a group dedicated enough not to accept those changes?

Dedicated minorities don't mean beans for Decred Cheesy Chain splits like what happened with BTC/BCH and ETH/ETC can't happen in Decred (next to impossible). Check out my earlier post for sauce:
https://bitcointalk.org/index.php?topic=1290358.msg52950978#msg52950978


Can't happen? What if there was a motivated minority that didn't want the "new feature" in an upgrade? What if the majority already voted in 1GB blocks, and the minority didn't want it? What if the miners need to change the supply cap to support their costs, and the majority voted for it, but the minority didn't want it?

What would happen to the minority? They wouldn't have the ability to fork, and split away?

Unless a "minority" has sufficient voting power in the form of staked tickets, then no, they can't create a contentious hard fork. Decred is specifically designed to make contentious forks unprofitable, and in fact, costly for a minority to continue operating.
If some group doesn't ultimately agree with the majority of stakeholders, they can fork the github repo, rename it, and release their own coin.

That said, I'm pretty sure Politeia has a 60/40 approval threshold on proposals.


Or rename it to Decred Classic, "the real for-the-community Decred". I'm not sure of what's technically possible, but that was the point of the debate. On-chain governance can't stop a community of different standpoints from breaking apart, and splitting away.

There's one very important nuance though, and that's the difference between a forked repo, and a forked chain. A forked chain that has a contentious hard fork growing on it shares the same previous block history as the "legit" chain.
A forked repo doesn't. The only thing it shares with the "legit" chain is some subset of the source code, and we all know that a successful crypto project is WAYYY more than just its source. Bob and Sally can go fork the Decred repo and name their coin Decred Classic if they wish, but nothing in that chain history will show anything of Decred. It would in fact, just be some other crypto coin. And history has shown us already: copy pasta crypto coins are rarely more than a scam. The market doesn't usually acknowledge such coins.  Cheesy


without replay protection ~ what makes you think the original chain nodes will not be sybil attacked via malicious state actors? Smiley weeee

Without PoS votes on the validity of contentious blocks, a sybil attack isn't an actual attack vector in this scenario.
Try again Gem Cheesy
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: November 17, 2019, 06:23:27 PM
In my opinion, Decred was always a decent project with a dedicated team.

We can see that the development is ongoing and lately we have some strong moves upwards price wise and that is why I started to wonder what is so special about Decred, despite this what I have already mentioned?

There are other better, faster and cheaper altcoins that already are used for transfers, we have BTC which has found a place as digital gold and safe haven and to be honest I don't hear anything about Decred implementations or use cases?

Community governance sounds very good and to be honest, on this hype Decred makes his way to the top 50 on CMC, but what is the future for Decred?

You didn't say anything about privacy and the lightning network that is already implemented in v1.5 release candidadate1 recently released


EDIT: There is no other currency as safe against attacks as decred.
         DCR is more safe than bitcoin
         The governance system through politeia allows any new feature on market to be implemented if the stakeholders wish.

On-chain governance system works until a motivated minority stops following the majority. Remember, changes in the network are permanent. What happens if there's a group dedicated enough not to accept those changes?

Dedicated minorities don't mean beans for Decred Cheesy Chain splits like what happened with BTC/BCH and ETH/ETC can't happen in Decred (next to impossible). Check out my earlier post for sauce:
https://bitcointalk.org/index.php?topic=1290358.msg52950978#msg52950978


Can't happen? What if there was a motivated minority that didn't want the "new feature" in an upgrade? What if the majority already voted in 1GB blocks, and the minority didn't want it? What if the miners need to change the supply cap to support their costs, and the majority voted for it, but the minority didn't want it?

What would happen to the minority? They wouldn't have the ability to fork, and split away?

Unless a "minority" has sufficient voting power in the form of staked tickets, then no, they can't create a contentious hard fork. Decred is specifically designed to make contentious forks unprofitable, and in fact, costly for a minority to continue operating.
If some group doesn't ultimately agree with the majority of stakeholders, they can fork the github repo, rename it, and release their own coin.

That said, I'm pretty sure Politeia has a 60/40 approval threshold on proposals.


Or rename it to Decred Classic, "the real for-the-community Decred". I'm not sure of what's technically possible, but that was the point of the debate. On-chain governance can't stop a community of different standpoints from breaking apart, and splitting away.

There's one very important nuance though, and that's the difference between a forked repo, and a forked chain. A forked chain that has a contentious hard fork growing on it shares the same previous block history as the "legit" chain.
A forked repo doesn't. The only thing it shares with the "legit" chain is some subset of the source code, and we all know that a successful crypto project is WAYYY more than just its source. Bob and Sally can go fork the Decred repo and name their coin Decred Classic if they wish, but nothing in that chain history will show anything of Decred. It would in fact, just be some other crypto coin. And history has shown us already: copy pasta crypto coins are rarely more than a scam. The market doesn't usually acknowledge such coins.  Cheesy
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: November 17, 2019, 08:52:10 AM
In my opinion, Decred was always a decent project with a dedicated team.

We can see that the development is ongoing and lately we have some strong moves upwards price wise and that is why I started to wonder what is so special about Decred, despite this what I have already mentioned?

There are other better, faster and cheaper altcoins that already are used for transfers, we have BTC which has found a place as digital gold and safe haven and to be honest I don't hear anything about Decred implementations or use cases?

Community governance sounds very good and to be honest, on this hype Decred makes his way to the top 50 on CMC, but what is the future for Decred?

You didn't say anything about privacy and the lightning network that is already implemented in v1.5 release candidadate1 recently released


EDIT: There is no other currency as safe against attacks as decred.
         DCR is more safe than bitcoin
         The governance system through politeia allows any new feature on market to be implemented if the stakeholders wish.

On-chain governance system works until a motivated minority stops following the majority. Remember, changes in the network are permanent. What happens if there's a group dedicated enough not to accept those changes?

Dedicated minorities don't mean beans for Decred Cheesy Chain splits like what happened with BTC/BCH and ETH/ETC can't happen in Decred (next to impossible). Check out my earlier post for sauce:
https://bitcointalk.org/index.php?topic=1290358.msg52950978#msg52950978


Can't happen? What if there was a motivated minority that didn't want the "new feature" in an upgrade? What if the majority already voted in 1GB blocks, and the minority didn't want it? What if the miners need to change the supply cap to support their costs, and the majority voted for it, but the minority didn't want it?

What would happen to the minority? They wouldn't have the ability to fork, and split away?

Unless a "minority" has sufficient voting power in the form of staked tickets, then no, they can't create a contentious hard fork. Decred is specifically designed to make contentious forks unprofitable, and in fact, costly for a minority to continue operating.
If some group doesn't ultimately agree with the majority of stakeholders, they can fork the github repo, rename it, and release their own coin.

That said, I'm pretty sure Politeia has a 60/40 approval threshold on proposals.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: November 16, 2019, 09:51:53 PM
In my opinion, Decred was always a decent project with a dedicated team.

We can see that the development is ongoing and lately we have some strong moves upwards price wise and that is why I started to wonder what is so special about Decred, despite this what I have already mentioned?

There are other better, faster and cheaper altcoins that already are used for transfers, we have BTC which has found a place as digital gold and safe haven and to be honest I don't hear anything about Decred implementations or use cases?

Community governance sounds very good and to be honest, on this hype Decred makes his way to the top 50 on CMC, but what is the future for Decred?

You didn't say anything about privacy and the lightning network that is already implemented in v1.5 release candidadate1 recently released


EDIT: There is no other currency as safe against attacks as decred.
         DCR is more safe than bitcoin
         The governance system through politeia allows any new feature on market to be implemented if the stakeholders wish.

On-chain governance system works until a motivated minority stops following the majority. Remember, changes in the network are permanent. What happens if there's a group dedicated enough not to accept those changes?

Dedicated minorities don't mean beans for Decred Cheesy Chain splits like what happened with BTC/BCH and ETH/ETC can't happen in Decred (next to impossible). Check out my earlier post for sauce:
https://bitcointalk.org/index.php?topic=1290358.msg52950978#msg52950978
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: November 14, 2019, 05:30:25 PM
What percentage of all DCR have been mined? I believe Decred's "scaling debate"/biggest test to the blockchain governance in practice would be if to "increase/change the block reward/schedule without increasing the supply cap", or "increase the supply cap".

First pie chart as you scroll down Cheesy
https://dcrstats.com/
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: November 05, 2019, 03:12:38 AM
I think decred's airdrop was the first or at least one of the first to be performed in the crypto universe.
It attracted many members who are still in the community today.
Many people said that as soon as the currency entered an exchange, the airdrop would be dumped by everyone and DCR would "die."
The opposite happened. Few sold, hype attracted a lot of people and decred was born with a strong community.
After that a large number of shitcoins created airdrops thinking the same thing would happen, but decred was unique...

Thank you very much for this answer with all the detailed pieces of information about Decred airdrop.

Exactly what I was asking for and of course awarded this post with merit to show my appreciation and how valuable it was for me.

I don't see anything suspicious here, even more, that was really decent airdrop with clear requirements, so really don't understand all these FUD above?


Like he said, gembitz is our resident troll. Plz don't over-feed him Cheesy
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: November 03, 2019, 06:27:57 PM
...
Could you explain a little more or provide any source for more information?
No, because there was no phishing or scam. Gembitz is just mad he missed it. All you needed to sign up for the airdrop was a social media account with some significant posting history...

Now I am surprised and literally don't understand why such an obvious FUD from Gembitz?

@Gembitz can you please explain what you mean with: "the "airdrop" was a bittrex insider phishing scam"?

I would like to hear both sides of the story before drawing final conclusions, such an ordinary human caution, forced by my experience  Wink.

Of course, thank you Jwinterm for fast answers and explanation. I would like to hear more details about this airdrop, like how long it was ongoing, who can participate, how much coins were distributed, when was the start and the end, and so on. That is why I asked for a source of information because I wanted to know more details.



lol ya, jw got it right. There's no story or reasoning from his side. He's just a troll. It's sad when noobies can become swayed by his bs.
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: November 01, 2019, 04:46:43 PM
Wind_Fury, You're wrong.
Decred can have its code copied and pasted to create another coin, which is considered a fork, but the blockchain with decred's history cannot be split into two like ETH / ETC, bitcoincash, etc.
It is unfeasible  to do that.
I suggest you go to matrix and talk to a dev about it.
https://decred.org/community/

_____________


Jake Yocom-Piatt, decred creator, on BlockTV today
"Resolving Corporate Governance In Cryptocurrency"

https://blocktv.com/watch/2019-10-30/5db9ab4487a7e-resolving-corporate-governance-in-cryptocurrency

Preventing forks from breaking away with a shared tx history prior to some block is impossible. If you're going to hardfork away from decred, then you can do anything you want to maintain the tx history. For instance, at block X empty the ticket pool, reset ticket price to 1 dcr, reset PoW diff and change algo, if necessary modify other checks to allow ticket pool to be emptied, etc. It's ludicrous to pretend that no one could hard fork decred and start a split chain with a shared tx history prior to some block. Would it be more of a pita than doing the same thing to Bitcoin? Sure. Would it be impossible? Controller nuclear fusion isn't impossible, this sure as shit isn't impossible.

I found the article!
Quote
What would happen to Decred in a Bitcoin Cash or Segwit2X hard fork scenario?
Firstly, Bitcoins hard fork problem would simply not happen in Decred. There is a formal on-chain voting system to deal with all governance decisions related to hard forks. Secondly, it would be virtually impossible to fork the Decred network in the way we have recently seen with the Bitcoin Cash fork or SegWit2x. This is because all new blocks created by PoW miners need to conform to the wishes of Decred stakeholders (PoS miners). If PoW miners refuse to comply with the collective policy, PoS miners can invalidate any new blocks they create. So, for example, if 80% of stakeholders voted in favour of activating the Lightning Network, and the remaining 20% refused to move over to the new chain that supported Lightning Network features, then the 80% majority could simply vote new blocks on the old chain as invalid, which would strip them of the block reward. In turn, this would incentivise PoW miners to move from the old chain to the new chain, and the old chain would die off.

The only way someone could hard fork Decred against the wishes of stakeholders would be to create an entirely new fork of the blockchain and start it from scratch. In which case, it would not be contentious at all, because it wouldn’t be Decred.

Source: https://thedecreddigest.com/2017/11/08/hard-forks-done-right-its-decreds-time-to-shine/ (just before the conclusion at the end of the doc).

TL;DR: a chain split where the original history is shared in the contentious hard fork is "virtually impossible" in Decred, because voters are incentivized to vote against "contentious" PoW blocks being created. Without PoS votes confirming the validity of the block, those blocks offer no block reward for the miner, incentivizing that minority to move from their unprofitable and contentious fork to the new chain.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network on: October 30, 2019, 06:07:01 PM
Decred dev funding and governance mechanism are brilliant features, and the airdrop bootstrapped a community of enthusiastic supporters, and staking via tickets system keeps a lot of coins locked up earning income for holders. The whole decred design is very well thought out, that's why guys who messed up the airdrop are still upset.


Blockchain governance's "brilliance" is not yet proven in my opinion. Give an angry, and motivated minority enough reasons, and they will fork, and the chain will split.

That's another great feature Decred was designed against. It's very expensive for a minority to maintain a working fork of Decred. The protocol just doesn't allow for it like, e.g., Bitcoin does.
...that's not to say a motivated minority couldn't just go and copy pasta the github repo and release their "fork" that way: but there are different implications for that kind of deployment.

Don't you understand? NOTHING might stop a minority from forking of, and cause a split in the chain if they disagree with what's changed in the protocol. Changes in the protocol that can ever never be removed anymore.

What until Decred gets its own scaling debate.

I didn't say "NOTHING". Cheesy Absolutely some minority can go and fork and launch. What is EXTREMELY UNLIKELY is that any minority has the resources to maintain an ongoing, contentious fork (because of the way consensus is reached in Decred, with PoS/PoV miners). Maybe that frames up the correct scenario?

There was a nice article some time ago that delve into the numbers of maintaining a contentious fork alongside the "real" fork in Decred. It was enlightening. If I find it, I'll post it Cheesy
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