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Author Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network  (Read 1201044 times)
cryptogaga
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August 31, 2017, 04:41:09 PM
 #8981

I am trying to setup a POS ticket with a pool and just wanted to confirm that whilst the DCR are in my wallet, the pool cannot access it? I just want to make sure my funds are

safe before setting up a ticket, as I have never done this before. Also is for the backup is the only thing you need the wallet.db file? Or do you need more files?

Cheers mates!


Yes, the pool doesn't have access to your coins, they remain in your wallet during the stake period, you cann't use them until this period is completed. It can take from 24 hours to 142 days, it depends on your luck.
Sometimes it's possible to have several tickets bought and voted with the same coins within a month, making the profit go from ~2.5% to ~5%, 7.5% per month.

For backup you need only the seed or if you prefer the wallet.db file.
With the seed you can recover in different wallets.
With wallet.db only in an equal wallet.
Hello please i would like some clarity on the percent earned for POS is it percent of coins i own or percent of block mined that i earn? And how does the ticket work is it like a lottery or once i have 63 DCR i can just start staking?
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cryptogaga
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August 31, 2017, 04:45:17 PM
 #8982

How big is the current total blockchain of Decred?

Would it be possible to store the blockchain on a external hdd and stake the Decred from there?

thx BR Harry
Please anybody with answers to the questions raised above i am highly interested in knowing also!
riskthebiscuit
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August 31, 2017, 06:45:40 PM
 #8983

How big is the current total blockchain of Decred?

Would it be possible to store the blockchain on a external hdd and stake the Decred from there?

thx BR Harry
Please anybody with answers to the questions raised above i am highly interested in knowing also!

I believe all the answers lie in this very detailed guide created by a reddit user

1) roi=2.23 roughly per tic
2) yes you can stake offline if i read correect

have a read

https://www.reddit.com/r/decred/comments/6vljah/how_do_i_stake_decred_and_what_profits_can_you/

ps thanks @EmilioMann I feel secure now staking
Voice-Of-Reason
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August 31, 2017, 07:06:00 PM
 #8984

I have been a follower although not much of a contributor Sad
bspus
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August 31, 2017, 07:15:44 PM
 #8985

How big is the current total blockchain of Decred?

Would it be possible to store the blockchain on a external hdd and stake the Decred from there?

thx BR Harry
Please anybody with answers to the questions raised above i am highly interested in knowing also!

You can stake offline if you are staking by pool. If the concept of staking by pool confuses you, you need to read about decred staking because it is unique

If you want to stake solo you need the command line wallet and it needs to be on all the time.

Also in any case you need to buy the tickets (the cost is locking your coins, you don't actually spend them to buy the tickets). Just having coins in the wallet does not lead to staking automatically

The blockchain data on my hard drive right now is about 1.92 GB

MrSunshine
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August 31, 2017, 09:14:27 PM
 #8986

I am trying to setup a POS ticket with a pool and just wanted to confirm that whilst the DCR are in my wallet, the pool cannot access it? I just want to make sure my funds are

safe before setting up a ticket, as I have never done this before. Also is for the backup is the only thing you need the wallet.db file? Or do you need more files?

Cheers mates!


Yes, the pool doesn't have access to your coins, they remain in your wallet during the stake period, you cann't use them until this period is completed. It can take from 24 hours to 142 days, it depends on your luck.
Sometimes it's possible to have several tickets bought and voted with the same coins within a month, making the profit go from ~2.5% to ~5%, 7.5% per month.

For backup you need only the seed or if you prefer the wallet.db file.
With the seed you can recover in different wallets.
With wallet.db only in an equal wallet.
Hello please i would like some clarity on the percent earned for POS is it percent of coins i own or percent of block mined that i earn? And how does the ticket work is it like a lottery or once i have 63 DCR i can just start staking?

Yes, the current ticket price is 63.04 and the ROI is 2.29%, see current ticket prices and history here: https://dcrstats.com/
Decred Russia
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September 01, 2017, 12:28:33 PM
 #8987

Please vote for Decred listing in Chinese exchange Binance:

https://www.binance.com/vote.html

You need to register in exchange website (email + password)
Then you should verify your email and you can vote. It will take only 1-2 minutes, but will increase our trading volumes 5 times Shocked
cryptogaga
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September 01, 2017, 09:54:14 PM
 #8988

Thanks @riskthebiscuit @bspus @MrSunshine for the clarification im grateful!
N30
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September 02, 2017, 04:27:04 AM
 #8989

Please vote for Decred listing in Chinese exchange Binance:

https://www.binance.com/vote.html

You need to register in exchange website (email + password)
Then you should verify your email and you can vote. It will take only 1-2 minutes, but will increase our trading volumes 5 times Shocked

Done!
smeee
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September 02, 2017, 07:17:52 AM
 #8990

a great series of posts by insette on reddit

https://www.reddit.com/r/decred/comments/6wxueo/your_best_pitch_for_decred/dmcer4d/
_ingsoc
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September 02, 2017, 09:50:48 AM
 #8991

I'll be updating the OP text today and posting in this thread. It's missing lots of new info.

hannusolo
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September 03, 2017, 09:27:57 AM
 #8992

Why is the ticket price rising so much the last few days?
Can somebody explain it?
Lucasgabd
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September 03, 2017, 11:10:54 AM
 #8993

Why is the ticket price rising so much the last few days?
Can somebody explain it?

actually it's way more steady nowadays than in the past, after changing the alrgorythm we're having less swings on the price
you can check some stats here

https://dcrstats.com/

EDIT: just seen the rise now. new graph is supposed to have small peaks and come back a bit higher than before if I'm not wrong...

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ekin4
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September 03, 2017, 11:21:24 AM
 #8994

Please vote for Decred listing in Chinese exchange Binance:

https://www.binance.com/vote.html

You need to register in exchange website (email + password)
Then you should verify your email and you can vote. It will take only 1-2 minutes, but will increase our trading volumes 5 times Shocked

Did Decred team apply for listing? Binance list coins for only 5BTC, but they need to write a good application text.
It's surprising that none of these Chinese exchanges list Decred yet. Well, at least you have Poloniex and Bittrex.
MarSas
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September 03, 2017, 12:59:59 PM
 #8995

Binance came for a chat into Slack. I guess they said they were negotiating.
decred (OP)
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September 04, 2017, 10:03:11 AM
 #8996

Decred's statement about the announcement made by the People's Bank of China this morning.
magalhanze
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September 04, 2017, 12:12:00 PM
 #8997

Did Decred team apply for listing? Binance list coins for only 5BTC, but they need to write a good application text.
It's surprising that none of these Chinese exchanges list Decred yet. Well, at least you have Poloniex and Bittrex.

Hi ekin4,

Just searched the whole binance website and found nothing mentioning the listing fee amount. Only that fees are paid with BnB.

What is your souce for the 5BTC listing fee?
template
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September 04, 2017, 10:43:26 PM
 #8998

Decred <> Dead coin fake pump dump
w0lf0.
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September 05, 2017, 08:00:52 AM
 #8999

I have voted..  Smiley
I don't understand this skepticism around the decreds, devs are serious and project is important but is like the coin is "dead"
_ingsoc
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September 05, 2017, 02:55:22 PM
 #9000

Decred <> Dead coin fake pump dump
I don't understand this skepticism around the decreds, devs are serious and project is important but is like the coin is "dead"

It's how the cycle works when you're a serious project. People have become accustomed to ICO scams full of promises and hype, without much substance. Decred's development activity has been unusually active in the background when compared to other projects. A little while ago I calculated the number of pull requests (collections of code) finalised and merged into Decred's core repositories and it was well over 2,000 since launch. Now that's a weak statistic to base development quality on, but it shows serious activity.

Anyone familiar with the codebase itself can attest to its quality. I would imagine that's why the upstream project (same developers, same core codebase) received praise from the Lightning Network this year: "Our Bitcoin library of choice is btcsuite, the very set of libraries that powers btcd, the full-node implementation which is also written in pure-golang."

If the same code and effort that went into Decred is good enough for them, I'd say we're on the right track. Especially considering the great major milestones on the updated roadmap:

  • Public proposal system
  • Stakeholder-directed DAO
  • Lightning Network
  • Enhanced user privacy

Having said all that, it takes particularly skilled people to recognise this and read between the lines.

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