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Author Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network  (Read 1201063 times)
KawaBunGa
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November 15, 2019, 01:43:56 PM
 #10881


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?


Name a few
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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November 15, 2019, 07:54:16 PM
Last edit: November 16, 2019, 12:10:49 AM by EmilioMann
 #10882

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.
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November 16, 2019, 05:38:25 AM
 #10883

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?

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November 16, 2019, 10:32:15 AM
 #10884

...The governance system through politeia allows any new feature on market to be implemented if the stakeholders wish.

I know of course about this but still what is the main use case for Decred? And if there is any then who is actually using Decred for this purpose? I hope it is clear enough?

We all know that experts assume that only 10% from all cryptocurrencies will survive in the end and the most important thing for each altcoin, token or any other cryptocurrency is to have a use case or at least to find its place on the crypto market like BTC as the safe heaven or XRP used for transactions because is fast, cheap and scalable.

There are already 3000 altcoins so 10% would be around 30 cryptocurrencies. Only so much will stay and that is why we have to start to ask the right questions and think properly about it.  There are many alts that are dying actually. Let's take all masternodecoins which on the hype of high ROI boomed in 2018 and today almost all of them lost 99% of the value.

We have to rethink if a particular coin is actually still needed at the end of the 2019 year and what will happen with it in 2020 and later?

Just look at all infrastructure projects like ETH, Waves, Wings, Stratis, etc. In the hype of ICO and Dapps building they also boomed but to be honest there are no Daaps which are known and widely used, additionally ICOs market changed and now we have IEO and in 2020 there will be no ICOs anymore.

So tell me please who is using Decred actually today and for what?

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November 16, 2019, 02:05:09 PM
Last edit: November 16, 2019, 02:22:04 PM by EmilioMann
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 #10885

...The governance system through politeia allows any new feature on market to be implemented if the stakeholders wish.

I know of course about this but still what is the main use case for Decred? And if there is any then who is actually using Decred for this purpose? I hope it is clear enough?

We all know that experts assume that only 10% from all cryptocurrencies will survive in the end and the most important thing for each altcoin, token or any other cryptocurrency is to have a use case or at least to find its place on the crypto market like BTC as the safe heaven or XRP used for transactions because is fast, cheap and scalable.

There are already 3000 altcoins so 10% would be around 30 cryptocurrencies. Only so much will stay and that is why we have to start to ask the right questions and think properly about it.  There are many alts that are dying actually. Let's take all masternodecoins which on the hype of high ROI boomed in 2018 and today almost all of them lost 99% of the value.

We have to rethink if a particular coin is actually still needed at the end of the 2019 year and what will happen with it in 2020 and later?

Just look at all infrastructure projects like ETH, Waves, Wings, Stratis, etc. In the hype of ICO and Dapps building they also boomed but to be honest there are no Daaps which are known and widely used, additionally ICOs market changed and now we have IEO and in 2020 there will be no ICOs anymore.

So tell me please who is using Decred actually today and for what?

Many people, including me, use it as a store of value, just like btc.
But I prefer decred to believe that it will have a higher appreciation than bitcoin in the coming years.
DCR will appreciate in front of the btc, I see nothing that prevents decred from reaching where dash, monero and eth have already arrived. around 0.1 btc.
In addition there are several blockchain projects in the real world that use dcr, mainly in Brazil, such as www.originalmy.com
It is a company that intends to replace the notary's and that serves for general document and patent filings. Originalmy has already been accepted as legal evidence by the Brazilian Supreme Court.
The creator of originalmy is currently in eastern Europe, creating solutions for the Estonian and Latvian governments using the decred and DCRtime blockchain.
In Brazil there are also companies that pay your bills and receive decred.
Soon we will have a prepaid visa card which will be loaded with dcr and can be used in any store .

These are just small examples from the community I created in Brazil.
originalmy.com and its creator have no connection with decred's developers.
He is just a currency investor who has great ideas and has found a way to make money and disclose dcr through currency blockchain.
This is how a consistent ecosystem should be created.
With community action, just as it is with bitcoin.
Expecting developers to do everything, even find use for currency, is the biggest mistake everyone else makes.


EDIT: Some Brazilian companies that use decred through originalmy

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November 16, 2019, 04:39:30 PM
 #10886

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.

you are not safe from the "powers that be" when they decide to nuke you off the map  Roll Eyes  wait for it.

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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November 16, 2019, 09:51:53 PM
 #10887

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

Grow the Dividend Snek! (pm me if you have questions)
https://powh.io/?masternode=0x1f9b145fdaef2b82aef29c2f3c9b875a8b017512
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November 17, 2019, 08:09:28 AM
 #10888

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?

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November 17, 2019, 08:52:10 AM
 #10889

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.

Grow the Dividend Snek! (pm me if you have questions)
https://powh.io/?masternode=0x1f9b145fdaef2b82aef29c2f3c9b875a8b017512
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November 17, 2019, 10:50:47 AM
 #10890

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.

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November 17, 2019, 01:17:34 PM
Last edit: November 17, 2019, 01:47:27 PM by EmilioMann
 #10891


...

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.

Dude, you've been answered about it dozens of times but seems that you don't want to see the answer and don't stop repeating that fallacy.

It's not worth it financially for anyone to do in decred what happened to eth/etc and btc/bch when communities splited by centralized decisions and lack of consensus, which makes it "impossible" in DCR.

About copying and pasting the code from github, creating another currency and giving it any name you want, it can be done with any currency.
 It's up to the market to assess whether it deserves any respect or not.
So this is another currency, starting from scratch, there is no link to the previous blockchain. The whole story is deleted. The smart contracts made will not be present, nor will the records in the original blockchain.
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November 17, 2019, 04:01:43 PM
 #10892


...

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.

Dude, you've been answered about it dozens of times but seems that you don't want to see the answer and don't stop repeating that fallacy.

It's not worth it financially for anyone to do in decred what happened to eth/etc and btc/bch when communities splited by centralized decisions and lack of consensus, which makes it "impossible" in DCR.

About copying and pasting the code from github, creating another currency and giving it any name you want, it can be done with any currency.
 It's up to the market to assess whether it deserves any respect or not.
So this is another currency, starting from scratch, there is no link to the previous blockchain. The whole story is deleted. The smart contracts made will not be present, nor will the records in the original blockchain.

time to REBOOT the DECRED blockchain because CENTRALIZED GOVERNANCE !!!  Roll Eyes  NOOB!!

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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November 17, 2019, 06:23:27 PM
 #10893

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

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November 17, 2019, 07:47:12 PM
 #10894

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

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November 18, 2019, 12:19:09 AM
 #10895

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

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https://powh.io/?masternode=0x1f9b145fdaef2b82aef29c2f3c9b875a8b017512
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November 18, 2019, 05:58:39 AM
 #10896

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

That's true. But it's only a scam from the standpoint of the original because of different "visions". Plus I'm not convinced that a contentious hard fork is impossible because it's not profitable. The motivated minority can sell Decred from the main chain to support the fork.

I'm a Decred HODLER, but I believe the coin is only successful until that first chain split.

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November 18, 2019, 07:24:32 AM
 #10897

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?
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November 18, 2019, 09:29:42 AM
 #10898

I prefer decred to believe that it will have a higher appreciation than bitcoin in the coming years.
DCR will appreciate in front of the btc, I see nothing that prevents decred from reaching where dash, monero and eth have already arrived. around 0.1 btc...

Remember about Litecoin. Despite everything (second crypto ever, fair launch, LN, etc.) still, the price never reached higher than 0.02BTC.

...several blockchain projects in the real world that use dcr, mainly in Brazil, such as www.originalmy.com...
The creator of originalmy is currently in eastern Europe, creating solutions for the Estonian and Latvian governments using the decred and DCRtime blockchain.
In Brazil there are also companies that pay your bills and receive decred.
Soon we will have a prepaid visa card which will be loaded with dcr and can be used in any store...

This is what I wanted to hear and see, which are real use cases for Decred. To be honest this is not much for an almost 4 years old cryptocurrency but is always better than nothing. Let's hope that there will be indeed more companies interested in Decred because this is the only way for this project to survive.

...Expecting developers to do everything, even find a use for currency, is the biggest mistake everyone else makes.

I just can't agree and think that cryptocurrency should at least have a purpose or any use case when developed because we already have more than 2970 cryptocurrencies that are trying to find the place on the market and to be honest without real use cases I don't see this to happen.

As I said we are entering the 2020 year and today is not enough only to launch a cryptocurrency to be successful exactly as until 2017. Today competition is so big that if your crypto is not special and doesn't have any purpose, then there are already hundreds of altcoins like this and they already lost 99% of the value until today.

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November 18, 2019, 03:13:50 PM
 #10899

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?

they both have split, decred hard-fork will be good for ending this nonsense once and for all.  Cool  BLACKLIST THE GREEDY RICHLIST! >>>fork this turd already! lol

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November 18, 2019, 09:39:27 PM
Last edit: November 18, 2019, 10:09:12 PM by EmilioMann
 #10900

I prefer decred to believe that it will have a higher appreciation than bitcoin in the coming years.
DCR will appreciate in front of the btc, I see nothing that prevents decred from reaching where dash, monero and eth have already arrived. around 0.1 btc...

Remember about Litecoin. Despite everything (second crypto ever, fair launch, LN, etc.) still, the price never reached higher than 0.02BTC.



That was at another point in the market. Until 2016 the altcoins market was totally undervalued by the mainstream.
This has changed since 2016 and a lot of money has entered this market.
As I said before, ETH, Dash and monero had their ATH above 0.1 BTC. Decred can do the same or get close if it becomes more popular.
You also forgot to count the amount of coins in the market and the total supply.
Decred has around 10 million units launched of a total of 21 million.
Litecoin and others have 10X, 100X more units.
More units are expected to be worth less.
 


...several blockchain projects in the real world that use dcr, mainly in Brazil, such as www.originalmy.com...
The creator of originalmy is currently in eastern Europe, creating solutions for the Estonian and Latvian governments using the decred and DCRtime blockchain.
In Brazil there are also companies that pay your bills and receive decred.
Soon we will have a prepaid visa card which will be loaded with dcr and can be used in any store...

This is what I wanted to hear and see, which are real use cases for Decred. To be honest this is not much for an almost 4 years old cryptocurrency but is always better than nothing. Let's hope that there will be indeed more companies interested in Decred because this is the only way for this project to survive.


Decred has a very strong community spread across all continents. I just mentioned what is happening in Brazil, which is where I live and the community I belong to. I am sure that in other regions, local communities must be developing the currency ecosystem.



...Expecting developers to do everything, even find a use for currency, is the biggest mistake everyone else makes.

I just can't agree and think that cryptocurrency should at least have a purpose or any use case when developed because we already have more than 2970 cryptocurrencies that are trying to find the place on the market and to be honest without real use cases I don't see this to happen.

As I said we are entering the 2020 year and today is not enough only to launch a cryptocurrency to be successful exactly as until 2017. Today competition is so big that if your crypto is not special and doesn't have any purpose, then there are already hundreds of altcoins like this and they already lost 99% of the value until today.

The purpose of decred is to be the best and safest store of value in the market.
In addition it also provides income not only for POW miners, but also for stakeholders through POS, privacy and amazing governance.
Satoshi created bitcoin to fuck the system and the banks.
All coins that appears for another purpose in a beautiful whitepaper turns out to be scam.
Cryptocoins were not created to save the planet, to help musicians, artists, gnomes, urea production and bla bla bla
Can the blockchain be used for other purposes? Yes, but it is up to the community entrepreneurs to start their business and make money from it.
There is no need to find just one utility and create a coin around it. The blockchain is there, use it any way you like.
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