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

[Wind_FURY]

So what's the next big thing to be excited about with this coin?  I haven't checked on it in awhile.  In a very long while actually.

Got a song  https://www.youtube.com/watch?v=9jlHSU8fZio

Decred will become and emerge as the "perfect coin". The decentralized, secure, self governing, anonymous cryptocurrency.

But beware of ASICs. There was a post in this thread that there was an ASIC being developed for Decred, is this still true?

There are several companies working on DCR asics. While there are negative aspects of asics for PoW, Decred is a hybrid chain, and PoS validation trumps PoW, so really asics are quite a positive development.

Not when Bitmain starts invading your mining space and be a force of "mining centralization". Other smaller mining and ASIC manufacturing companies would have no choice but to work together under Bitmain's umbrella or die, effectively becoming a cartel.

Can anyone also direct me to a link describing the details on Decred's crowdsale? Thanks.

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[MarSas]

There was an airdrop. No crowdsale, no ICO.

[bamsterdam]

So what's the next big thing to be excited about with this coin?  I haven't checked on it in awhile.  In a very long while actually.

Got a song  https://www.youtube.com/watch?v=9jlHSU8fZio

Decred will become and emerge as the "perfect coin". The decentralized, secure, self governing, anonymous cryptocurrency.

But beware of ASICs. There was a post in this thread that there was an ASIC being developed for Decred, is this still true?

There are several companies working on DCR asics. While there are negative aspects of asics for PoW, Decred is a hybrid chain, and PoS validation trumps PoW, so really asics are quite a positive development.

Not when Bitmain starts invading your mining space and be a force of "mining centralization". Other smaller mining and ASIC manufacturing companies would have no choice but to work together under Bitmain's umbrella or die, effectively becoming a cartel.

Can anyone also direct me to a link describing the details on Decred's crowdsale? Thanks.

It doenst really matter with decred as far as I understand because IF mining becomes centralized and they become malicious and have bad intentions the people holding dcr can always vote to undo any damage done by the miners. Im not against asics since they also bring a lot higher security to the blockchain and with the people holding decred having the most power in hands I think is the best of both worlds.

There was no crowdsale for decred only a airdrop as far as I know. The rest of the circulation comes from mining and staking. So the devs have a % they premined and part of that is being held for development and the other part was given to the community in a airdrop. you can see the % of that here : https://dcrstats.com/ I think the % of the airdrop and dev fund grows smaller as more coins are being mined and staked.

[bamsterdam]

What I was wondering myself is if there is something that can be done about the ticket price ? For me as a long term holder of the project its no problem to buy some tickets and have that 28days staking average. But I can imagine for new people coming to decred having to pay 80 dcr for a ticket that might get picked after 28 days but can also take much longer its not a very attractive option.

Moreover 80 dcr is a lot of money if the price increases of decred this becomes even more and if you want to get around that 28 days average you want to have multiple tickets. I know that on average you will come to those 28 days eventually ( if you buy for example 1 ticket for 2 years) but i think that if someone had to wait 2 months on his first ticket before its picked there is a good chance they wont do it again. A friend of mine was telling me just that after waiting more then 2 months on his first ticket.

Also we dont want to end up like dash where you need a minimum of 500k to be a MN owner to have something to say in the network. There is probably a very good reason why ticket price is what it is im not technical so I dont understand but would be great I think if it was possible in the future to lower ticket prices so more people can participate in our dao and have a more 'stable' income with their tickets bc they can buy multiple ones instead of 1 or 2.

Thoughts?

[gtzanap]

The system in some ways is closer to MN than regular staking, though really it is unique and unlike either.

I really don't see what could be done about the ticket price. It is determined by demand, just like the price of the coin itself.
Too low prices would mean very high returns, which in turn would raise demand (and ticket price).

The only annoying thing was wild yet predictable fluctuations in prices due to the previous price algorithm.
That led to all tickets being bought in one every 3 or 4 periods, leading to absurd fees. Thankfully that was fixed last year

[gembitz]

There was an airdrop. No crowdsale, no ICO.

fake airdrop(fraud) ..i can't wait to see this coin hardfork :-D

[bamsterdam]

The system in some ways is closer to MN than regular staking, though really it is unique and unlike either.

I really don't see what could be done about the ticket price. It is determined by demand, just like the price of the coin itself.
Too low prices would mean very high returns, which in turn would raise demand (and ticket price).

The only annoying thing was wild yet predictable fluctuations in prices due to the previous price algorithm.
That led to all tickets being bought in one every 3 or 4 periods, leading to absurd fees. Thankfully that was fixed last year

Again I dont understand the technicals behind it so please educate me if possible. After the new ticket algo the price fluctuations stabilized this was a good development for sure. But since then the price of one ticket rised but so did the price of decred. So while back in the days most people could afford buying a ticket now its already more then $5000 to buy 1 ticket which may take 3 months to be picked. This will be more in the future although I read somewhere there will be a limit to where it can go in practice.
But for me the question remains why isnt it possible to reduce this by a factor 10 or even 100 and reduce the reward also by this factor? So people can buy more tickets for the same amount so they can get closer to this 28day average and make it also possible for people to participate who dont have 5000 (or maybe more in the future) to spend for a single ticket.

Dont get me wrong I think this is a better system than MN and way better than normal staking but I feel like for new people it will be difficult to participate and have a voice now with these prices let alone in the future when prices are even higher. So I was hoping there could be something to change that so that in the future not only the 'elite' will have a say in decred like is happening now with dash for example.

Maybe(probably) its unavoidable and these ticket prices have to be this 'high' for some technical reason I dont understand but I wanted to bring it up even if its only for my own understanding

[gembitz]

The system in some ways is closer to MN than regular staking, though really it is unique and unlike either.

I really don't see what could be done about the ticket price. It is determined by demand, just like the price of the coin itself.
Too low prices would mean very high returns, which in turn would raise demand (and ticket price).

The only annoying thing was wild yet predictable fluctuations in prices due to the previous price algorithm.
That led to all tickets being bought in one every 3 or 4 periods, leading to absurd fees. Thankfully that was fixed last year

Again I dont understand the technicals behind it so please educate me if possible. After the new ticket algo the price fluctuations stabilized this was a good development for sure. But since then the price of one ticket rised but so did the price of decred. So while back in the days most people could afford buying a ticket now its already more then $5000 to buy 1 ticket which may take 3 months to be picked. This will be more in the future although I read somewhere there will be a limit to where it can go in practice.
But for me the question remains why isnt it possible to reduce this by a factor 10 or even 100 and reduce the reward also by this factor? So people can buy more tickets for the same amount so they can get closer to this 28day average and make it also possible for people to participate who dont have 5000 (or maybe more in the future) to spend for a single ticket.

Dont get me wrong I think this is a better system than MN and way better than normal staking but I feel like for new people it will be difficult to participate and have a voice now with these prices let alone in the future when prices are even higher. So I was hoping there could be something to change that so that in the future not only the 'elite' will have a say in decred like is happening now with dash for example.

Maybe(probably) its unavoidable and these ticket prices have to be this 'high' for some technical reason I dont understand but I wanted to bring it up even if its only for my own understanding

agreed the SEC needs to step in and stop scammers like DECRED (bittrex insiders) this is no way to take advantage of the FOSS community i want to see someone with balls stand up to this corporate greed>_> this willfull ignorance is not what satoshis' envision :\  fale#

[MarSas]

i can't wait to see this coin hardfork :-D

It has already. Several times. Stakeholders voted on it.

A contentious hard fork is almost impossible.

[gembitz]

i can't wait to see this coin hardfork :-D

It has already. Several times. Stakeholders voted on it.

A contentious hard fork is almost impossible.

bitmain china just shit all over this scam.. = game over :\ meh

[coingenome]

We listed DCR yesterday on CoinGenome https://coingenome.com/coin/dcr

Love the mission and are excited to follow this project's progress!


 

[MrSunshine]

The system in some ways is closer to MN than regular staking, though really it is unique and unlike either.

I really don't see what could be done about the ticket price. It is determined by demand, just like the price of the coin itself.
Too low prices would mean very high returns, which in turn would raise demand (and ticket price).

The only annoying thing was wild yet predictable fluctuations in prices due to the previous price algorithm.
That led to all tickets being bought in one every 3 or 4 periods, leading to absurd fees. Thankfully that was fixed last year

Again I dont understand the technicals behind it so please educate me if possible. After the new ticket algo the price fluctuations stabilized this was a good development for sure. But since then the price of one ticket rised but so did the price of decred. So while back in the days most people could afford buying a ticket now its already more then $5000 to buy 1 ticket which may take 3 months to be picked. This will be more in the future although I read somewhere there will be a limit to where it can go in practice.
But for me the question remains why isnt it possible to reduce this by a factor 10 or even 100 and reduce the reward also by this factor? So people can buy more tickets for the same amount so they can get closer to this 28day average and make it also possible for people to participate who dont have 5000 (or maybe more in the future) to spend for a single ticket.

Dont get me wrong I think this is a better system than MN and way better than normal staking but I feel like for new people it will be difficult to participate and have a voice now with these prices let alone in the future when prices are even higher. So I was hoping there could be something to change that so that in the future not only the 'elite' will have a say in decred like is happening now with dash for example.

Maybe(probably) its unavoidable and these ticket prices have to be this 'high' for some technical reason I dont understand but I wanted to bring it up even if its only for my own understanding

I understand somebody outside of the Decreg org is working on this as a project: where smaller holders of DCR can combine their DCR in a pool to submit tickets.  However, this will almost certainly lead to higher ticket prices as more tickets will be bought; probably 10 to 20% higher.

[IncludeBeer]

There was an airdrop. No crowdsale, no ICO.

fake airdrop(fraud) ..i can't wait to see this coin hardfork :-D

Wrong, you just can't follow directions (by your own admission):

https://bitcointalk.org/index.php?topic=1290358.msg22659558#msg22659558

[UseTheBitcoin]

Hello,

Our team wrote a small guide about what is Decred. We appreciate the feedback & if there were some essential things that we missed - let us know.

Regards,
Andrew

[Searing]

Is Decred planning to fork with the ASICS coming out

Sia-Tech (August 2018)

Bitmain (likely July Pre-Order)

Just saying, not sure how the devs handle such

Baikal N does a mess of other GPU coins coming out and there is a 'groundswell' to all FORK and turn them into doorstops before shipping

Was just wondering about Decred as an aside

thanks

Brad

[btcapollo]

Is Decred planning to fork with the ASICS coming out

Sia-Tech (August 2018)

Bitmain (likely July Pre-Order)

Just saying, not sure how the devs handle such

Baikal N does a mess of other GPU coins coming out and there is a 'groundswell' to all FORK and turn them into doorstops before shipping

Was just wondering about Decred as an aside

thanks

Brad

In their last YouTube presentation, the Decred team mentioned they were aware of a few companies preparing to launch ASICs for Decred and welcome ASICs. They also mentioned they are prepared for any shenanigans from the ASIC manufacturers. Sounds like they will modify the Decredition platform to allow stakeholders to NOT approve empty blocks or something along those lines.

[dimao]

Is Decred planning to fork with the ASICS coming out

Sia-Tech (August 2018)

Bitmain (likely July Pre-Order)

Just saying, not sure how the devs handle such

Baikal N does a mess of other GPU coins coming out and there is a 'groundswell' to all FORK and turn them into doorstops before shipping

Was just wondering about Decred as an aside

thanks

Brad

In their last YouTube presentation, the Decred team mentioned they were aware of a few companies preparing to launch ASICs for Decred and welcome ASICs. They also mentioned they are prepared for any shenanigans from the ASIC manufacturers. Sounds like they will modify the Decredition platform to allow stakeholders to NOT approve empty blocks or something along those lines.

Good and competent move. I'm glad that the team does not sit still, but puts forward new ideas.

[Grim]

So much selling going on.

ASIC owners making fortune on you guys 

[Dagmon]

Is Decred planning to fork with the ASICS coming out

Sia-Tech (August 2018)

Bitmain (likely July Pre-Order)

Just saying, not sure how the devs handle such

Baikal N does a mess of other GPU coins coming out and there is a 'groundswell' to all FORK and turn them into doorstops before shipping

Was just wondering about Decred as an aside

thanks

Brad

I think Decred should fork so that we have more miner support and big community.

[Msharim]

Is Decred planning to fork with the ASICS coming out

Sia-Tech (August 2018)

Bitmain (likely July Pre-Order)

Just saying, not sure how the devs handle such

Baikal N does a mess of other GPU coins coming out and there is a 'groundswell' to all FORK and turn them into doorstops before shipping

Was just wondering about Decred as an aside

thanks

Brad

I think Decred should fork so that we have more miner support and big community.

Decred doesn't fork :-)

Don't worry, this is our coin and we choose to do whatever we want with it, if the community thinks that is a better move to do ~"put here your idea"~ they will be able to vote on it as soon as politeia arrives.