dbt1033
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December 06, 2016, 03:54:10 PM |
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The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.
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proletariat
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Activity: 1246
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December 06, 2016, 10:16:43 PM |
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The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.
well that is new  ... where did you get that from? If they were paying at a set rate of $.50 even when it was $2.5 that would mean a big fuck you to rest of us people buying on the exchanges. Hope it is and always has been at market rate which would make sense else it is fuckin criminal. People aren't blind and the project has a good rep given the constant development but at what fuckin price are we getting that development? they are charging an outrageous premium if perpetual $.50 is the case, and if you add to that the fact that claymore farms are getting free dcr from mining eth then this shit is not close to the bottom, no even close. inbefore the "claymore is not free dcr because it consumes more electrity" yeah big chinese farms with cheap electricity interested in mining eth for profit have their full attention on ETH ... they are not going to say no to free dcr and autodump.. even dumping at 1 satoshi would be profit for them.. |
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dbt1033
Legendary
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Activity: 1274
Merit: 1000
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December 06, 2016, 10:19:56 PM |
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The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.
well that is new ... where did you get that from? If they were paying at a set rate of $.50 even when it was $2.5 that would mean a big fuck you to rest of us people buying on the exchanges. Hope it is and always has been at market rate which would make sense else it is fuckin criminal. People aren't blind and the project has a good rep given the constant development but at what fuckin price are we getting that development? they are charging an outrageous premium if perpetual $.50 is the case, and if you add to that the fact that claymore farms are getting free dcr from mining eth then this shit is not close to the bottom, no even close. inbefore the "claymore is not free dcr because it consumes more electrity" yeah big chinese farms interested in mining eth for profit have their full attention on ETH ... they are not going to say no to free dcr and autodump.. even dumping at 1 satoshi would be profit for them.. That's been known since the beginning... the devs can't sell their coins until Feb 2017 (when I'm expecting an uprise). How is it unfair? The dev team is paid in $DCR or has to buy $DCR with their own money. They just get a sweeter deal (the same deal you get now) because they are shouldering all of the work. |
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proletariat
Legendary
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Activity: 1246
Merit: 1005
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December 06, 2016, 10:45:06 PM |
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The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.
well that is new ... where did you get that from? If they were paying at a set rate of $.50 even when it was $2.5 that would mean a big fuck you to rest of us people buying on the exchanges. Hope it is and always has been at market rate which would make sense else it is fuckin criminal. People aren't blind and the project has a good rep given the constant development but at what fuckin price are we getting that development? they are charging an outrageous premium if perpetual $.50 is the case, and if you add to that the fact that claymore farms are getting free dcr from mining eth then this shit is not close to the bottom, no even close. inbefore the "claymore is not free dcr because it consumes more electrity" yeah big chinese farms interested in mining eth for profit have their full attention on ETH ... they are not going to say no to free dcr and autodump.. even dumping at 1 satoshi would be profit for them.. That's been known since the beginning... the devs can't sell their coins until Feb 2017 (when I'm expecting an uprise). How is it unfair? The dev team is paid in $DCR or has to buy $DCR with their own money. They just get a sweeter deal (the same deal you get now) because they are shouldering all of the work. Dev team gets 10% from every block and have set an example around this context transparency wise with full accountability of how that is spent, I respect that, we're not used to that around this place. Now my understanding was that their funding cost math resulted in $.50 / DCR, that was what it had costed them to produce everything til the mainnet genesis block. That set a precedent in terms of price discovery to let the market go wild like it is supposed to. I honestly do not remember reading about a perpetual set USD exchange rate for DCR coming out of the daily block subsidy for developers. That certainly is not fair for market participants. |
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dbt1033
Legendary
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Activity: 1274
Merit: 1000
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December 07, 2016, 01:43:10 AM |
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The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.
well that is new ... where did you get that from? If they were paying at a set rate of $.50 even when it was $2.5 that would mean a big fuck you to rest of us people buying on the exchanges. Hope it is and always has been at market rate which would make sense else it is fuckin criminal. People aren't blind and the project has a good rep given the constant development but at what fuckin price are we getting that development? they are charging an outrageous premium if perpetual $.50 is the case, and if you add to that the fact that claymore farms are getting free dcr from mining eth then this shit is not close to the bottom, no even close. inbefore the "claymore is not free dcr because it consumes more electrity" yeah big chinese farms interested in mining eth for profit have their full attention on ETH ... they are not going to say no to free dcr and autodump.. even dumping at 1 satoshi would be profit for them.. That's been known since the beginning... the devs can't sell their coins until Feb 2017 (when I'm expecting an uprise). How is it unfair? The dev team is paid in $DCR or has to buy $DCR with their own money. They just get a sweeter deal (the same deal you get now) because they are shouldering all of the work. Dev team gets 10% from every block and have set an example around this context transparency wise with full accountability of how that is spent, I respect that, we're not used to that around this place. Now my understanding was that their funding cost math resulted in $.50 / DCR, that was what it had costed them to produce everything til the mainnet genesis block. That set a precedent in terms of price discovery to let the market go wild like it is supposed to. I honestly do not remember reading about a perpetual set USD exchange rate for DCR coming out of the daily block subsidy for developers. That certainly is not fair for market participants. It doesn't, that's for other things... Company 0 got the dev part of the premine. Devs are paid in Decred / buy their own Decred @ 50 cents. I could be wrong but that's my understanding. Community outreach really sucks ass these days with _ingsoc being out of the picture. |
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Penttikuisma
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December 07, 2016, 08:03:31 AM
Last edit: December 07, 2016, 09:36:23 AM by Penttikuisma |
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I would like to hear dev's comments to that. This thread is about premine: https://forum.decred.org/threads/the-projects-commitment.730/"As Decred prepares to enter new waters, the project states the following publicly and unequivocally: No developer or project member will trade any of their bring-up DCR for 12 months (28%) and c0 will not trade any of its bring-up DCR for 24 months (72%). These funds are therefore ineligible for trading during that time. There has not been any activity on any market from these funds." |
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dbt1033
Legendary
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Activity: 1274
Merit: 1000
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December 07, 2016, 02:42:41 PM |
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I would like to hear dev's comments to that. This thread is about premine: https://forum.decred.org/threads/the-projects-commitment.730/"As Decred prepares to enter new waters, the project states the following publicly and unequivocally: No developer or project member will trade any of their bring-up DCR for 12 months (28%) and c0 will not trade any of its bring-up DCR for 24 months (72%). These funds are therefore ineligible for trading during that time. There has not been any activity on any market from these funds." Yeah this is true, to my knowledge the devs haven't sold any of the decred they have been paid with. |
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jcv
Jr. Member
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Activity: 34
Merit: 1
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December 07, 2016, 04:54:21 PM |
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The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.
well that is new ... where did you get that from? If they were paying at a set rate of $.50 even when it was $2.5 that would mean a big fuck you to rest of us people buying on the exchanges. Hope it is and always has been at market rate which would make sense else it is fuckin criminal. People aren't blind and the project has a good rep given the constant development but at what fuckin price are we getting that development? they are charging an outrageous premium if perpetual $.50 is the case, and if you add to that the fact that claymore farms are getting free dcr from mining eth then this shit is not close to the bottom, no even close. inbefore the "claymore is not free dcr because it consumes more electrity" yeah big chinese farms interested in mining eth for profit have their full attention on ETH ... they are not going to say no to free dcr and autodump.. even dumping at 1 satoshi would be profit for them.. That's been known since the beginning... the devs can't sell their coins until Feb 2017 (when I'm expecting an uprise). How is it unfair? The dev team is paid in $DCR or has to buy $DCR with their own money. They just get a sweeter deal (the same deal you get now) because they are shouldering all of the work. Dev team gets 10% from every block and have set an example around this context transparency wise with full accountability of how that is spent, I respect that, we're not used to that around this place. Now my understanding was that their funding cost math resulted in $.50 / DCR, that was what it had costed them to produce everything til the mainnet genesis block. That set a precedent in terms of price discovery to let the market go wild like it is supposed to. I honestly do not remember reading about a perpetual set USD exchange rate for DCR coming out of the daily block subsidy for developers. That certainly is not fair for market participants. It doesn't, that's for other things... Company 0 got the dev part of the premine. Devs are paid in Decred / buy their own Decred @ 50 cents. I could be wrong but that's my understanding. Community outreach really sucks ass these days with _ingsoc being out of the picture. The devs have to mine decred or buy them on exchanges just like everyone else. We don't have any special way to get them. |
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MarSas
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December 07, 2016, 07:49:33 PM |
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There is also the option to stake coins.
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jcv
Jr. Member
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Activity: 34
Merit: 1
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December 07, 2016, 07:52:44 PM |
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There is also the option to stake coins.
Fine, there is that too  But that still falls into the same options everyone has. |
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proletariat
Legendary
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Activity: 1246
Merit: 1005
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December 07, 2016, 07:54:39 PM |
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The devs have to mine decred or buy them on exchanges just like everyone else. We don't have any special way to get them.
So the dev block subsidy is only for RfPs? *EDIT* Also, could you clarify dbt1033's understanding that DCR payments are made at a fixed rate of fifty cents independent from market price? |
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Hyperjacked
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Activity: 1610
Merit: 1119
It's all mathematics...!
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December 08, 2016, 10:06:24 PM |
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There is also the option to stake coins.
Fine, there is that too But that still falls into the same options everyone has. But...? What do you think? Smart tokens...? aka tokens...or maybe smart contracts...   Disclaimer : ...  |
@Hyperjacked1 Twitter
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Alexoz
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December 09, 2016, 12:54:36 AM
Last edit: December 10, 2016, 07:25:24 AM by Alexoz |
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Buying Decred before it's too late, and keep staking it ^_^ That's my fact! V0.7.0 66% includes Decrediton cross-platform GUI for Decred using Electron https://github.com/decred/decrediton/milestone/2 |
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Praxis
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Activity: 1118
Merit: 1004
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December 12, 2016, 04:36:34 PM |
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Finally some price action. It doesn't seem to be a response to news. Just one person accumulating I guess?
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Alexoz
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December 13, 2016, 06:32:38 AM
Last edit: December 13, 2016, 12:45:37 PM by Alexoz |
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Whales are conscious, they were waiting for that time... I've seen again a 50Btc wall at 50k last days
First uptrend since a while as well!
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Penttikuisma
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December 14, 2016, 09:39:25 AM |
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Lot's of updates coming with 0.7.0
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sulfurtank
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December 14, 2016, 03:45:33 PM |
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The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.
well that is new ... where did you get that from? If they were paying at a set rate of $.50 even when it was $2.5 that would mean a big fuck you to rest of us people buying on the exchanges. Hope it is and always has been at market rate which would make sense else it is fuckin criminal. People aren't blind and the project has a good rep given the constant development but at what fuckin price are we getting that development? they are charging an outrageous premium if perpetual $.50 is the case, and if you add to that the fact that claymore farms are getting free dcr from mining eth then this shit is not close to the bottom, no even close. inbefore the "claymore is not free dcr because it consumes more electrity" yeah big chinese farms interested in mining eth for profit have their full attention on ETH ... they are not going to say no to free dcr and autodump.. even dumping at 1 satoshi would be profit for them.. That's been known since the beginning... the devs can't sell their coins until Feb 2017 (when I'm expecting an uprise). How is it unfair? The dev team is paid in $DCR or has to buy $DCR with their own money. They just get a sweeter deal (the same deal you get now) because they are shouldering all of the work. Dev team gets 10% from every block and have set an example around this context transparency wise with full accountability of how that is spent How is that unfair? U douche, how is miners rape unfair? The idea of charging miners seems to have been copied from Zcash business model which assumes u can profit off miner rewards without having done anything or anyhow contributed to the development. If that's true that they are getting paid in DCR, chances are that they may and will sell personal stake on the open market. I think they will do it under the pretence that conversion from DCR to BTC will allow for hedging against instability in DCR markets. It's safe to assume that the upmove may indeed take place over the next few months otherwise they wouldn't be able to sell. U shouldn't really care what they charge, if it's 50 cents or higher, just wait for them to baloon the price and sell at peak. |
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zana
Newbie
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Activity: 40
Merit: 0
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December 15, 2016, 08:03:12 AM |
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I would like to hear dev's comments to that. This thread is about premine: https://forum.decred.org/threads/the-projects-commitment.730/"As Decred prepares to enter new waters, the project states the following publicly and unequivocally: No developer or project member will trade any of their bring-up DCR for 12 months (28%) and c0 will not trade any of its bring-up DCR for 24 months (72%). These funds are therefore ineligible for trading during that time. There has not been any activity on any market from these funds." Yeah this is true, to my knowledge the devs haven't sold any of the decred they have been paid with. Do you think that in February 2017 we will have an uprise in the price? Or it will be bigger at February 2018 when the C0 will be able to trade their coins? |
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