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

[Praxis]

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?

I'm not following your logic here. What do you mean by "uprise"? Wouldn't the opposite effect be expected?
The sudden availability of more coins in circulation should translate to a decrease in price, if anything, no?
I would expect a decrease before that date, and around that date, and perhaps an increase some months after Feb 2018.
Because that's when the market can be more confident and less scared of influx of new coins in trade.

[proletariat]

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. 

Found the answer: https://forum.decred.org/threads/decred-constitution.424/

All proposals, both submitted and accepted, shall be made public one week after a proposal has been selected. Once the selection occurs, the associated RFP shall be removed. Contracted parties shall be paid exclusively in decred ("DCR") at the current effective DCR/USD rate at the time of payment, unless specifically noted otherwise.

I guess that settles it then. Didn't make sense otherwise.

[proletariat]

Why are some people saying that February/2017 will be a promising time for Decred?
I own some coins, paid $1, expect the price to recover.

a) Devs will get to freely use 28% of the premine.
b) C0 built this project at $.50 rate per DCR - but I guess the market misbehaved 
c) We are at that level - floor maybe.
d) What to do with a sudden influx of 235,000 DCR
e) speculate freely

[zana]

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?

I'm not following your logic here. What do you mean by "uprise"? Wouldn't the opposite effect be expected?
The sudden availability of more coins in circulation should translate to a decrease in price, if anything, no?
I would expect a decrease before that date, and around that date, and perhaps an increase some months after Feb 2018.
Because that's when the market can be more confident and less scared of influx of new coins in trade.

If we went by normal logic you would be correct. But what if they decide to invest more in marketing as they will be able to sell their coins and don't want to sell them at this price. They can give more visibility on the market of all the features the coin have and the hard work they been doing during this last year. Doing this the price will rise and they will be able to sell at a better price.
That is only my opinion and I can be wrong.
We all agree that Decred is very good coin, serious team behind and with huge potential.

[Jack Liver]

for february or so at this rate of development DCR can be to the 1.0 with an annual inflation drop to 54%

Code:

Year	   Coin supply	         Inflation
  1	 470426769731536	180.015934364
  2	 725516828588937	54.2252429646
  3	 940676990098927	29.6561227847
  4	1122157371491044	19.2925290299
  5	1275229809050507	13.6409064761
  6	1404340975270235	10.1245411065
  7	1513241532111717	7.75456664437
  8	1605095069693740	6.06998523586
  9	1682569994083979	4.82681218409
 10	1747913757492611	3.88356880477
 11	1803028628435353	3.15318022451
 12	1849516235066977	2.578306628
 13	1888726978324850	2.12005401815
 14	1921799891692961	1.75106904003
 15	1949695723833590	1.45154718039
 16	1973224843465019	1.20680982903
 17	1993070776474089	1.00576135937
 18	2009810059460965	0.839873986637
 19	2023928395353035	0.702471152715
 20	2035836535103161	0.588367640746

[zana]

for february or so at this rate of development DCR can be to the 1.0 with an annual inflation drop to 54%

Code:

Year	   Coin supply	         Inflation
  1	 470426769731536	180.015934364
  2	 725516828588937	54.2252429646
  3	 940676990098927	29.6561227847
  4	1122157371491044	19.2925290299
  5	1275229809050507	13.6409064761
  6	1404340975270235	10.1245411065
  7	1513241532111717	7.75456664437
  8	1605095069693740	6.06998523586
  9	1682569994083979	4.82681218409
 10	1747913757492611	3.88356880477
 11	1803028628435353	3.15318022451
 12	1849516235066977	2.578306628
 13	1888726978324850	2.12005401815
 14	1921799891692961	1.75106904003
 15	1949695723833590	1.45154718039
 16	1973224843465019	1.20680982903
 17	1993070776474089	1.00576135937
 18	2009810059460965	0.839873986637
 19	2023928395353035	0.702471152715
 20	2035836535103161	0.588367640746

This give a better picture to what to expect in relation to the price.
Good post!!!

[Jack Liver]

the actual supply is a bit smaller i don't know if someone noticed we are near 120k DCR under the expected supply because of the portion of missed tickets (?)  

[Praxis]

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?

I'm not following your logic here. What do you mean by "uprise"? Wouldn't the opposite effect be expected?
The sudden availability of more coins in circulation should translate to a decrease in price, if anything, no?
I would expect a decrease before that date, and around that date, and perhaps an increase some months after Feb 2018.
Because that's when the market can be more confident and less scared of influx of new coins in trade.

If we went by normal logic you would be correct. But what if they decide to invest more in marketing as they will be able to sell their coins and don't want to sell them at this price. They can give more visibility on the market of all the features the coin have and the hard work they been doing during this last year. Doing this the price will rise and they will be able to sell at a better price.
That is only my opinion and I can be wrong.
We all agree that Decred is very good coin, serious team behind and with huge potential.

You're right, I just assumed they would slowsly start selling their DCR, but if they don't do that, and invest in marketing etc. instead, we could see a sudden increase.
Haven't considered that option. I was guessing the programmers would just reward themselves for their hard work.

[Jack Liver]

for february or so at this rate of development DCR can be to the 1.0 with an annual inflation drop to 54%

Code:

Year	   Coin supply	         Inflation
  1	 470426769731536	180.015934364
  2	 725516828588937	54.2252429646
  3	 940676990098927	29.6561227847
  4	1122157371491044	19.2925290299
  5	1275229809050507	13.6409064761
  6	1404340975270235	10.1245411065
  7	1513241532111717	7.75456664437
  8	1605095069693740	6.06998523586
  9	1682569994083979	4.82681218409
 10	1747913757492611	3.88356880477
 11	1803028628435353	3.15318022451
 12	1849516235066977	2.578306628
 13	1888726978324850	2.12005401815
 14	1921799891692961	1.75106904003
 15	1949695723833590	1.45154718039
 16	1973224843465019	1.20680982903
 17	1993070776474089	1.00576135937
 18	2009810059460965	0.839873986637
 19	2023928395353035	0.702471152715
 20	2035836535103161	0.588367640746

This give a better picture to what to expect in relation to the price.
Good post!!!

if you consider that PoS miners have the tendecy to keep DCR away from market due lock-up for ticket buying and only 60% of coins goes to PoW miners ( accused of being dumpers ) the total of mined DCR for year 2017 are only 1,5Mio so the effect of inflation of mining is roughly 35% instead of 54%  

[Penttikuisma]

I'll buy more, development is very good!

Development is good. As following Github, there's lot's of updates coming in next versions, ticketbuyer is integrated to dcrwallet, Paymetheus get lot's of updates, etc, etc. And soon also brand new GUI-wallet. Waiting with interest for the marketing push, that was mentioned before.

[MarSas]

The page seems to be stuck at block 89931.

https://stats.decred.org/

[dbt1033]

The sell side is so thin, the fomo will be unreal when the maker makes his play

[Alexoz]

The sell side is so thin, the fomo will be unreal when the maker makes his play

Yer didn't really change since 2 months ey

[Jack Liver]

http://www.newbium.com/markets/buysell/DCR.html

in the past days the demans was of 45-50BTC or so now is 91BTC also the supply of 143k DCR is a very limited amount even on the only PoW mined amount of 1,5Mio.

[Hyperjacked]

http://www.newbium.com/markets/buysell/DCR.html

in the past days the demans was of 45-50BTC or so now is 91BTC also the supply of 143k DCR is a very limited amount even on the only PoW mined amount of 1,5Mio.

Yes sir! I doubt I'm the only one accumulating...

[IncludeBeer]

I just got the error

Code:

-22: TX rejected: transaction 61b94abfdc04a36ffa9fad5f689ae1dbce1b07405191270373c8d2eaf7a530c3 has 56123100 fee which is above the allowHighFee check threshold amount of 54000000

when trying to buy tickets.  Is there a way to raise the threshold the allowHighFee check is at?

[passiveIncome]

whats up with this coin... I heard that is excellent buy since 240 k... the current price is 4x lower and nobody knows where the real bottom will be...

[dbt1033]

whats up with this coin... I heard that is excellent buy since 240 k... the current price is 4x lower and nobody knows where the real bottom will be...

The fundamentals haven't changed.  It was an excellent buy then and is now. 

This is why you average down. The lower we go, the more I buy.

[passiveIncome]

whats up with this coin... I heard that is excellent buy since 240 k... the current price is 4x lower and nobody knows where the real bottom will be...

The fundamentals haven't changed.  It was an excellent buy then and is now. 

This is why you average down. The lower we go, the more I buy.

ok, lets buy some more ;-)

[endlessskill]

whats up with this coin... I heard that is excellent buy since 240 k... the current price is 4x lower and nobody knows where the real bottom will be...

The fundamentals haven't changed.  It was an excellent buy then and is now. 

This is why you average down. The lower we go, the more I buy.

ok, lets buy some more ;-)

More DCR - more profit later