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

[dygus]

This is undoubtedly one of the most interesting coins of the year. It looks to have some great developers and is no doubt technically superb. The governance model is also beautiful and some of the proposals are eye catching.

But what the hell is the plan for adoption, besides just being an awesome coin? This critical question is absolutely ignored if not avoided from what I can tell.

I'm not asking for a plan that would replace bitcoin, but just something that's going to get it used.

Otherwise, it's a waste of a good coin, IMO.

These are not unfair concerns. Now that Decred has seen its first quarter, it's an important time to begin our review as a community and as a project. This will be done as an announcement. To answer your questions directly, the RFPs to date are set out predominantly to address issues of accessibility, whether it's access to the software and network functions through GUIs (RFP-1, RFP-2), access to information about network activity (RFP-3), access to information about how to use the software and different platforms (RFP-4), or access to Decred through PoW mining through software (RFP-5) or PoS (RFP-6) mining through stake pools. All of these RFPs are on-going and aim to improve the means by which users can access the software.

Once these are complete and at a reasonable level of maturity, Decred RFPs will transform to address new needs evidenced by users. You can already see that happening with work into getting much better at Decred's presentation to the outside world (RFP-7), due to the fact that other RFPs are progressing, and exploratory work into transaction scripts such as smart contracts (RFP-8). Another incredible milestone that most users are not aware of is dcrd is currently being synced to its upstream project (btcd). Most cryptocurrencies do not enjoy this, but with continued development, Decred gets to pull in a lot of improvements. So for example, dcrd will see a major redesign and rewrite of the database package for highly optimized read performance with consistent write performance regardless of database size, once the sync is complete (to name one of the bigger improvements).

Achievement of these milestones will lead to demos of blockchain governance, followed by actual "smooth" hard forks, and progressing community members into the project governance side. It may not be super visible at the moment, as most of the visible work goes into the code repositories, but output will eventually become more visible when some of the accessibility milestones are reached. Once that happens, Decred is one step closer to its goal of consensus-based decision-making through voting on the blockchain. It is at that point where things get really interesting when Decred is much more accessible, decentralized, and ready for wider participation.

Nice answer. Hope those polo dumpers gonna read it.

Looks like Bittrex has more mature traders/investors.

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[IOTUSA]

It's all about Crypto 2.0 this year. What does Decred do that other coins don't"

[Realitaz]

How would you guys compare Decred's voting system to the DAO ( of Ethereum) ?

there seems to be much more hype around DAO but Decred's going to implement something similar to Eth/DAO if I understand correctly?

I'm looking at both Decred and DAO and studying them both from teh PoV of decentralized voting crypto

[iCEBREAKER]

How would you guys compare Decred's voting system to the DAO ( of Ethereum) ?

there seems to be much more hype around DAO but Decred's going to implement something similar to Eth/DAO if I understand correctly?

I'm looking at both Decred and DAO and studying them both from teh PoV of decentralized voting crypto

DAO and Decred have the best chance of making their crypto-democracy projects work.

They're using different approaches and have different goals, which may overlap and become mutually supportive in the future.

If you want to see the same idea done very badly, check out the raging controversy about Dash's "DGBB" (Distributed Governance By Blockchain).   

[Colonel Crouton]

It's all about Crypto 2.0 this year. What does Decred do that other coins don't"

I don't think it's appropriate to try to shoehorn decred or any other coin into the latest fad.

It's good enough that a coin addresses some fundamental problems like scaling and governance.

[joel_]

It's all about Crypto 2.0 this year. What does Decred do that other coins don't"

Let me offer you rephrase of your question to: What did Decred actually do/is doing atm that other coins are trying to do ?
1. First true approach to decentralized governance by voting with tickets directly on chain (I believe this is huge improvement over Bitcoin's approach - it might not be apparent right now, but this might mark the real advancement of block chain tech).
2. Experienced team of dev's (c0) are working their asses off on improvements of base code - some mentioned by _ingsoc&others in the thread + for more - scan through Decred github commits to see the scope and abilities of c0 devs.
3. Great community that want to participate - look for their participation on Decred official forum (forum.decred.org) or on RFPs (0-6) and their results (most are coming to mainnet pretty soon).
4. Decred actually does not need that ICO/IPO approach like: "give me money first and then I will maybe develop something that's not broken in couple of months" to actually accomplish something -> development subsidy (10% of each block reward) is going to sustain the development long term - either by members of community or original devs.  At the moment there is around 76993DCR/or 117k USD (at today's prices) available to pay for the advancement & development of Decred.
I am not trying to do exhaustive list here, just wanted to point certain things Decred does differently that others are trying to do.   

How would you guys compare Decred's voting system to the DAO ( of Ethereum) ?
there seems to be much more hype around DAO but Decred's going to implement something similar to Eth/DAO if I understand correctly?
I'm looking at both Decred and DAO and studying them both from teh PoV of decentralized voting crypto

As for DAO approach - imho, Decred approach might be better if not for anything then for one simple thing - Decred devs do not ask you to pour 100mil USD first for the privilege to buy into something that might / or might not give you something that might / or might not actually work couple of months/years(?) later... but let's wait and see - I just honestly do not like this 21st century approach of: give me hard earned money first, then I might be able to build something that might work - imho, it is wrong approach to do R&D in new tech space.

DAO and Decred have the best chance of making their crypto-democracy projects work.

Agreed, at the moment it seems so.

If you want to see the same idea done very badly, check out the raging controversy about Dash's "DGBB" (Distributed Governance By Blockchain).   

imho, Darkcoin ended the same as bitcoin is now - pretty centralized block chain without any governance model, that is happily building centralized services on top of that instead of embracing Satoshi's original plan. With this approach, one might never be able to R&D and build any decentralized on chain governance (that said - my full respect to few brave groups working tirelessly on decentralized solutions on top of the bitcoin).

[Realitaz]

Thank you for all the great answers!

I have a question... if I purchased tickets using an Amazon instance, and they are locked there... and I no longer want to do it on that instance but locally, what would be the best way to do this with the lowest chance of missing tickets?

I'm thinking: 1) recreate wallet from seed locally; 2) delete instance; 3) run decred with stake mining enabled ?

or what order should this be done ?

I hope I made myself clear enough, I want to move mining to another computer while the tickets are already bought there with the lowest chance of missing them while doing the transition

[1337leet]

Ohhh is DCR dumping again?...  I said it's just a temporary high... even the people at poloniex recognized that DCR is shit and already dead

[SparkyU]

Ohhh is DCR dumping again?...  I said it's just a temporary high... even the people at poloniex recognized that DCR is shit and already dead

Pretty much every coin that is added to Polo gets an initial pump and then subsequent dump.  Only after awhile can you tell its more realistic price.

[anders lokka]

When decred will be added in poloniex price will set a new floor: 0.08 minimum.
Just wait for poloniex add.

[ocminer]

When decred will be added in poloniex price will set a new floor: 0.08 minimum.
Just wait for poloniex add.

Wake up:

https://poloniex.com/exchange#btc_dcr

[anders lokka]

When decred will be added in poloniex price will set a new floor: 0.08 minimum.
Just wait for poloniex add.

Wake up:

https://poloniex.com/exchange#btc_dcr

Gosh!!  
Missed this one.
Shit,price reached 0.050 after listing. I was sleeping.

[anders lokka]

Monitoring poloniex price from now on...

[doc12]

Monitoring poloniex price from now on...

Decred is one of my Top5 cryptos. IMO its just a matter of time till it explodes, especially with poloniex on board now.

[1337leet]

Monitoring poloniex price from now on...

Decred is one of my Top5 cryptos. IMO its just a matter of time till it explodes, especially with poloniex on board now.

Lol... you mean implode - right?

It's funny how people still really believe in DCR

[KLONE]

Is there a guide to staking, solo & pool?

Also, can poloniex import coins straight from an airdrop address, like the first exchange could?

[nrvasquez]

To all. POW is on its way out. ETH will implement their own version of POS CASPER.  DCR has a new code written from scratch. Their POS system is new tech and they are working hard to make it better.  DCR will be one of the top 3 cryptos. BTC, ETH, and DCR will be the top 3 cryptos with a combined market cap of 100 billion USD plus.

[6436346346]

I can no longer create accounts in DCR wallet
Error: cannot create account: previous account has no transaction history


Anyone know how to fix this?



Thanks



Edit: Found it, modified it, compiled it, can create new accounts for our customers

[_ingsoc]

Is there a guide to staking, solo & pool?

You can consult dcrdocs on proof-of-stake (PoS) mining for instructions. It has up-to-date information on current best practices. Also be sure to check out the FAQ section as it's got quite a bit of information on PoS too.

[rajeshgarnaik]

i think it will take some time to rise.