[ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network

[bspus]

Don't worry, in the end, your vote is only as big as your wallet. Not to belittle the responsibility...

Maybe that's the reason why some Bitcoiners believe that Decred's on-chain governance is a "joke"? The more we believe it's going to be different, the more it's going to be the same it seems. The oligarchs still rule.

Can you think of a better alternative? Cause I sure can't, at least not one that is not easy to exploit.

[EmilioMann]

Most people don't understand that a State's governance is very different from the governance of a company or organization or entity.
What looks bad in one is not necessarily bad in the other.
In the same way that what looks good in one can generate chaos on other.

In state governance we are talking about managing people, civil society. A system is needed that protects the weakest from the tyranny of the strongest.

In an entity's governance we are talking about managing money, an investiment and it is obvious that who has more money in the game must have a greater voting power. This doesn't make the business centralized. The decision continues to be made by hundreds or thousands of people. In addition, it is the support of the big investors who make the currency to value and the smaller ones to enrich.

This system ensures the security of everyone's investment. For example, if everyone had the same voting power, which would protect us from a troll attack by a competing coin with a big community of trolls?



Decred v1.4.0 is out!

This release includes a new consensus vote agenda, speed-ups, alpha Trezor support, advanced Politeia integration, and much more!
Users are encouraged to upgrade for the new vote.

Release notes: https://github.com/decred/decred-binaries/blob/master/release-notes.md

Downloads: https://www.decred.org/downloads/

[EmilioMann]

Very nice technical explanation from Matheus Degiovani about the events that led to the creation of DCP0004.

https://matheusd.com/post/dcp0004-and-hardforks/


EDIT: "This article is an excellent analysis of the sequence of events that led to the creation of DCP0004 and the upcoming consensus vote.

It is also a practical example of how the stakeholder voting in Decred makes it exceedingly difficult to change the consensus rules, intentionally or not, without the consent of stakeholders." - davecgh


The best news of all is that if the new rules are approved by the stakeholders in the onchain vote, Decred will be ready for Lightning Network 

[Grumlin]

https://twitter.com/FastCryptoTrade/status/1095225654814085121

don't forget update to 1.4.0 and set vote to fixlnseqlocks, if you vote solo

[gembitz]

New article on Forbes about Decred DeX proposal

https://www.forbes.com/sites/leslieankney/2019/02/04/no-more-trading-or-listing-fees-decred-releases-new-dex-proposal/#4e29ec0235d9

Building a DEX run by its stakeholding participants is a perfect use of Politeia.  

My only concern/suggestion is regarding coding from scratch yet another exchange when production-ready code plus actual users already exist for Bisq.
Sure, that code is in Java and not Go.  But a refactor/rewrite offers opportunity for polishing Bisq while maximizing our DeX's compatibility with it.
Since Bisq already supports DCR, I'm increasingly wary of "Not Invented Here" syndrome inducing duplication of efforts at the expense of our Treasury (which is currently crippled by low Winter prices).

The tricky bits for any dex are the networking and PKI, which are most easily developed in a purpose-built high level language like Java.
The trade off for Java is the larger (relative to Rust/Go) footprint (aka attack surface) which is a mess of dependencies, gobs of memory, and undefined behavior in edge/corner case bugs.

That's why Monero's community funded a valiant yet ultimately futile effort to port I2P from Java to C++.


It's annoying seeing anything Decred does compared to harmful digital trash like Blocknet (a Dash-like 2014 era scam that uses Masternodes) and Komodo (another 2014 scam going back to jl777's "Bitcoin Dark" shitcoin scammunity).


In other news, Cardano announced and delivered their privacy/fungibility whitepaper in less time than Decred has spent waiting for their pre-announced solution to materialize:

Sonic: Zero-Knowledge SNARKs from Linear-Size Universal andUpdateable Structured Reference Strings
https://eprint.iacr.org/2019/099.pdf

Litecoin has also announced their choice of CT to make LTC fungible.

Where is Decred's privacy solution?  If we don't have one then making atomic swaps with coins that do/will (XMR/LTC/ADA) should be the next priority after the BTC/DCR minimum viable product.

DCR is simply another bittrex insider scam...fake airdrop(phishing scam) and bogus "voting" mechanism... dcr is like bitconnect on steroids :\ meh pfft

[IncludeBeer]

Ticket prices are spiking!

Soo much DCR locked up...

[Wind_FURY]

Don't worry, in the end, your vote is only as big as your wallet. Not to belittle the responsibility...

Maybe that's the reason why some Bitcoiners believe that Decred's on-chain governance is a "joke"? The more we believe it's going to be different, the more it's going to be the same it seems. The oligarchs still rule.

Can you think of a better alternative? Cause I sure can't, at least not one that is not easy to exploit.

Truthfuly, I can't too. But that wasn't the point. Because if on-chain governance is run by the oligarchs, then why re-invent the wheel?

I'm sorry for the probing questions, but I'm trying to find a good reply for those people who say that "on-chain governance is a joke".

[bspus]

Don't worry, in the end, your vote is only as big as your wallet. Not to belittle the responsibility...

Maybe that's the reason why some Bitcoiners believe that Decred's on-chain governance is a "joke"? The more we believe it's going to be different, the more it's going to be the same it seems. The oligarchs still rule.

Can you think of a better alternative? Cause I sure can't, at least not one that is not easy to exploit.

Truthfuly, I can't too. But that wasn't the point. Because if on-chain governance is run by the oligarchs, then why re-invent the wheel?

I'm sorry for the probing questions, but I'm trying to find a good reply for those people who say that "on-chain governance is a joke".

I see.
First of all, I don't believe there has ever been any other type of governance. I know we all supposedly live in a "democracy" but in reality, it's always the elite that rule.
Sure it's a better system than ruling by birthright. They rule by getting voted in and for a limited time, but still, its just a different form of oligarchy, even if it's a better one.
And in the other extreme, even the most fearsome and absolute tyrant cannot do everything by himself. He would have to delegate some power to his trusted elite.

Just the fact that on-chain governance is still an oligarchy does not make it a joke, unless it had an explicit goal of not being an oligarchy.

If you can have more transparency, more meritocracy, fewer barriers to entry, and in general a more robust system of values or rules by which to govern, it can be an upgrade despite still being an oligarchy.

[IncludeBeer]

Don't worry, in the end, your vote is only as big as your wallet. Not to belittle the responsibility...

Maybe that's the reason why some Bitcoiners believe that Decred's on-chain governance is a "joke"? The more we believe it's going to be different, the more it's going to be the same it seems. The oligarchs still rule.

Can you think of a better alternative? Cause I sure can't, at least not one that is not easy to exploit.

Truthfuly, I can't too. But that wasn't the point. Because if on-chain governance is run by the oligarchs, then why re-invent the wheel?

I'm sorry for the probing questions, but I'm trying to find a good reply for those people who say that "on-chain governance is a joke".

I read, some time ago, a really great article around challenging the idea of plutocracy in blockchain governance (I'd argue Decred is more plutocratic than oligarch). Really excellent read.
https://medium.com/mosaic-network-blog/is-plutocratic-on-chain-governance-really-a-bad-thing-68132700205c

And then there's this gem which both Vlad and Vitalik have a nice response to:
https://medium.com/@FEhrsam/blockchain-governance-programming-our-future-c3bfe30f2d74

Great food for thought, for those of us that like to probe 

[antonio8]

So I have not been paying attention like I should.

Just noticed and updated to the current wallet.

I'm on Windows 10 and running the Decredation and my wallet shows synced with my correct amount.

The issue I have is it shows about half of my Current Balance as Available. I don't have any Tickets Open and on the Tickets tab it shows 0 active tickets.

Is there a way or command to try and rebalance the wallet?

Not sure if any of the normal commands work and I did not want to try and mess the wallet up.

[EmilioMann]

So I have not been paying attention like I should.

Just noticed and updated to the current wallet.

I'm on Windows 10 and running the Decredation and my wallet shows synced with my correct amount.

The issue I have is it shows about half of my Current Balance as Available. I don't have any Tickets Open and on the Tickets tab it shows 0 active tickets.

Is there a way or command to try and rebalance the wallet?

Not sure if any of the normal commands work and I did not want to try and mess the wallet up.

try a rescan

[EmilioMann]

Jake Yocom-Piatt was in Brazil this week, speaking on Campus Party about security and adaptability in crypto currencies.

[allfriends88]

Jake Yocom-Piatt was in Brazil this week, speaking on Campus Party about security and adaptability in crypto currencies.

Nice, even though it has a great community, DCR keep growing and will continue to be like that, build community and partner with events or event such as this, which gives knowledge to others. I am very excited this time.

[Wind_FURY]

Don't worry, in the end, your vote is only as big as your wallet. Not to belittle the responsibility...

Maybe that's the reason why some Bitcoiners believe that Decred's on-chain governance is a "joke"? The more we believe it's going to be different, the more it's going to be the same it seems. The oligarchs still rule.

Can you think of a better alternative? Cause I sure can't, at least not one that is not easy to exploit.

Truthfuly, I can't too. But that wasn't the point. Because if on-chain governance is run by the oligarchs, then why re-invent the wheel?

I'm sorry for the probing questions, but I'm trying to find a good reply for those people who say that "on-chain governance is a joke".

I see.
First of all, I don't believe there has ever been any other type of governance. I know we all supposedly live in a "democracy" but in reality, it's always the elite that rule.
Sure it's a better system than ruling by birthright. They rule by getting voted in and for a limited time, but still, its just a different form of oligarchy, even if it's a better one.
And in the other extreme, even the most fearsome and absolute tyrant cannot do everything by himself. He would have to delegate some power to his trusted elite.

Just the fact that on-chain governance is still an oligarchy does not make it a joke, unless it had an explicit goal of not being an oligarchy.

If you can have more transparency, more meritocracy, fewer barriers to entry, and in general a more robust system of values or rules by which to govern, it can be an upgrade despite still being an oligarchy.

I like it. Ok, I will use the bolded text as a reply next time. Thanks!

Don't worry, in the end, your vote is only as big as your wallet. Not to belittle the responsibility...

Maybe that's the reason why some Bitcoiners believe that Decred's on-chain governance is a "joke"? The more we believe it's going to be different, the more it's going to be the same it seems. The oligarchs still rule.

Can you think of a better alternative? Cause I sure can't, at least not one that is not easy to exploit.

Truthfuly, I can't too. But that wasn't the point. Because if on-chain governance is run by the oligarchs, then why re-invent the wheel?

I'm sorry for the probing questions, but I'm trying to find a good reply for those people who say that "on-chain governance is a joke".

I read, some time ago, a really great article around challenging the idea of plutocracy in blockchain governance (I'd argue Decred is more plutocratic than oligarch). Really excellent read.
https://medium.com/mosaic-network-blog/is-plutocratic-on-chain-governance-really-a-bad-thing-68132700205c

And then there's this gem which both Vlad and Vitalik have a nice response to:
https://medium.com/@FEhrsam/blockchain-governance-programming-our-future-c3bfe30f2d74

Great food for thought, for those of us that like to probe 

Oligarchy - plutocratic, it's all the same for a pleb like me. Haha.

I will read the blogs later. Thanks for sharing them.

[sonja1]

price is going down, and down, down and.....

[EmilioMann]

Jake Yocom-Piatt interviewed by BlockTV

https://blocktv.com/watch/2019-02-20/5c6d6a2be03e3-chain-breakers-promoting-constant-disruption-

[Grumlin]

price is going down, and down, down and.....

then to the moon to 0.02btc/dcr

[Wind_FURY]

price is going down, and down, down and.....

But ticket prices go up and up.

Is there a site that shows how much Decreds are locked in staking pool in total? Because a correlation might be forming here. If Decred's price is low, then more holders = higher ticket prices. If Decred's price is high, more sellers totake profit = lower ticket prices?

[bspus]

price is going down, and down, down and.....

But ticket prices go up and up.

Is there a site that shows how much Decreds are locked in staking pool in total? Because a correlation might be forming here. If Decred's price is low, then more holders = higher ticket prices. If Decred's price is high, more sellers totake profit = lower ticket prices?

from:
https://dcrstats.com/

Current PoS pool value is 4 556 994 DCR,
 it's 48.69 % of total available supply.

[EmilioMann]

Jake Yocom-Piatt talk on Campus Party Brazil

https://www.youtube.com/watch?v=SMiHku6GGmI