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

[WilderX]

Interesting indeed.

[Dexter12]

I do not know if someone mentioned it , but [DCR] is already taken by DeltaCredits.

https://bitcointalk.org/index.php?topic=1155319.0

[Wheatclove]

Watching

[noobtrader]

i wonder what would happen if i make a new email and submit it as if i was someone here, say... gleb gammow  

[iCEBREAKER]

I do not know if someone mentioned it , but [DCR] is already taken by DeltaCredits.

https://bitcointalk.org/index.php?topic=1155319.0

[MisO69]

I do not know if someone mentioned it , but [DCR] is already taken by DeltaCredits.

https://bitcointalk.org/index.php?topic=1155319.0

Yeah I also just checked their thread. Dead, De-listed because of no volume and a broken PoS network. I think its safe to use the ticker for this coin.

[decred]

Catching up on some older questions. The project will have an FAQ section up where we can all collect questions from these early discussions to answer queries for new users.

why you want online presence with email address   do you try building user database or something ?

In essence, the project centers around contribution. If you have contributed to things in the past, you are likely to continue doing so. The project asks for an online presence as a means to (1) confirm you've contributed work elsewhere and (2) try and help avoid abuse of the airdrop initiative so people don't try and sign up multiple times. The goal is to spread the network far and wide from the beginning. However, if you haven't made any contributions, you can still sign up if you get in touch with the project and you can contribute ideas for what you'd like to do in the future - that is valid too. Even an account on a forum where you've shown discourse on issues is great - because it shows you think. It's just so that we can avoid people who have no interest in building with the project. Decred wants people who are doers that also want progress.

Well, it look interesting, but...
I'm not sure that 8% premine - 4% for development and 4% for airdrop plus 10% allocation from each block for further development is the right way.
Also 0.49$ per coin is like seting ICO price for premine and by saying "...all coins owned by developers will either be purchased at a rate of USD 0.49 per coin from their own pockets or exchanged for work" you basically presented closed ICO.
Anyway we'll see how this will turn out. All negative things we saw in crypto system joined together maybe can give something positive but I guess only time will tell.
Should be interesting to participate.
Watching!

This is completely valid and a fair point. It was honestly the best compromise the project could reach given the realities of life and that things cost money to build. Keep in mind that what's being discussed here isn't a proposal, it's a built system. The project isn't selling you ideas and asking for your money. Decred is announcing a project of made technology and trying hard to involve people in that effort, so we can progress and strengthen said technology. It's an invitation to walk that journey together. What Decred has done in order to build the technology is the following:

(1) Development funding came from the developers themselves. No developer got free coins, they had to pay or develop at a rate of $0.49/coin. Only the developers suffer if Decred fails early on. No one else carried any risk, nor will they be asked to.
(2) To make up for the coins developers bought in this way to fund the project, the airdrop initiative gives the equivalent to the community in an effort to strengthen the network early on and balance the "sin of the premine".

I do not know if someone mentioned it , but [DCR] is already taken by DeltaCredits.

This has been mentioned, thanks! Let's put this up for discussion by the community prior to launch. Never the project's intention to override anyone else's effort - so that was an earnest mistake on the project's part. It would be good if anyone from DeltaCredits had some input on this matter.

i wonder what would happen if i make a new email and submit it as if i was someone here, say... gleb gammow 

If you were Gleb Gamow and did that, you would certainly qualify for the airdrop. My perspective as an individual is to applaud his efforts on the assumption that he is looking out for the community. He went through extraordinary effort to do research and present his findings - maybe some people think that's questionable, but it's nonetheless impressive. Speaking as a member of the Decred community, I would argue that's an important talent and a mind worth including in a project that wants to challenge governance and continue building new technology.

[fmz89]

im in for the first pump, so much whale on aboard ,
"0.49 ico to 5$"   ,lets pumping it before btc >1000$ and dump all at the peaks btc hit moon times
end story  
2016 retirement for whale and all plan has been set  
polo get ready for bot crashing the web

[noobtrader]

thanks for the reply...
hmmm contribution... in essence you can recruit hundred of troll or talented dev who willing to sign up...

but what if im troll and im signing up as if i was a talented dev

Catching up on some older questions. The project will have an FAQ section up where we can all collect questions from these early discussions to answer queries for new users.

why you want online presence with email address   do you try building user database or something ?

In essence, the project centers around contribution. If you have contributed to things in the past, you are likely to continue doing so. The project asks for an online presence as a means to (1) confirm you've contributed work elsewhere and (2) try and help avoid abuse of the airdrop initiative so people don't try and sign up multiple times. The goal is to spread the network far and wide from the beginning. However, if you haven't made any contributions, you can still sign up if you get in touch with the project and you can contribute ideas for what you'd like to do in the future - that is valid too. Even an account on a forum where you've shown discourse on issues is great - because it shows you think. It's just so that we can avoid people who have no interest in building with the project. Decred wants people who are doers that also want progress.

Well, it look interesting, but...
I'm not sure that 8% premine - 4% for development and 4% for airdrop plus 10% allocation from each block for further development is the right way.
Also 0.49$ per coin is like seting ICO price for premine and by saying "...all coins owned by developers will either be purchased at a rate of USD 0.49 per coin from their own pockets or exchanged for work" you basically presented closed ICO.
Anyway we'll see how this will turn out. All negative things we saw in crypto system joined together maybe can give something positive but I guess only time will tell.
Should be interesting to participate.
Watching!

This is completely valid and a fair point. It was honestly the best compromise the project could reach given the realities of life and that things cost money to build. Keep in mind that what's being discussed here isn't a proposal, it's a built system. The project isn't selling you ideas and asking for your money. Decred is announcing a project of made technology and trying hard to involve people in that effort, so we can progress and strengthen said technology. It's an invitation to walk that journey together. What Decred has done in order to build the technology is the following:

(1) Development funding came from the developers themselves. No developer got free coins, they had to pay or develop at a rate of $0.49/coin. Only the developers suffer if Decred fails early on. No one else carried any risk, nor will they be asked to.
(2) To make up for the coins developers bought in this way to fund the project, the airdrop initiative gives the equivalent to the community in an effort to strengthen the network early on and balance the "sin of the premine".

I do not know if someone mentioned it , but [DCR] is already taken by DeltaCredits.

This has been mentioned, thanks! Let's put this up for discussion by the community prior to launch. Never the project's intention to override anyone else's effort - so that was an earnest mistake on the project's part. It would be good if anyone from DeltaCredits had some input on this matter.

i wonder what would happen if i make a new email and submit it as if i was someone here, say... gleb gammow 

If you were Gleb Gamow and did that, you would certainly qualify for the airdrop. My perspective as an individual is to applaud his efforts on the assumption that he is looking out for the community. He went through extraordinary effort to do research and present his findings - maybe some people think that's questionable, but it's nonetheless impressive. Speaking as a member of the Decred community, I would argue that's an important talent and a mind worth including in a project that wants to challenge governance and continue building new technology.

[mycryptovault]

We at CryptoVault are super stoked about this project.  We wish you guys the best of luck!  I signed up and linked our webstore mycryptovault.net, but we are also very engaged in the forums as well as twitter @MyCryptoVaultne.

If you guys ever think about having a physical representation of your crypto don't hesitate to contact us!

Sincerely,
CV Team

[sambiohazard]

I have an alternate idea regarding airdrop.

I think we can divide the community airdrop into two parts say 80/20. Now those who want to get involved with their work or by taking important roles can be given 20% of coins as they work. Rest of the coin should be put aside for 2 months. After two months people who are holding coins should be invited to sign a message with there address & share it with devs, people who have mined/staked, run nodes, or just steadily accumulated the coins on market should be given the coins in equal amounts as they show they want to be a part of community & will hold the airdrop & not just dump it. Also, we can sort list with people with least coins on top so distribution gets diverse.

This will allow those who are helping with bg infrastructure of coin an incentive to remain involved & also reduce dumps to the market in initial phase of the project. With current scheme its very hard to tell who is truly commited or not. Also my proposal will  help build initial infrastructure for the coin with an incentive for people to get involved in other important activities other than coding. I am not a coder or great with PR/relationship building but i want to help & get involved to best of my abilities. This will give me some incentive to do that, although i will do it anyways as i like the idea of this coin very much.

I hope i am not being naive here with this idea. Please do tell me if i am wrong or missing something.

Regards

Sam

[Wheatclove]

Block rewards?
Estimated halvings?
Distribution curve? (Block rewards & total supply over time)

Any info regarding these?

[sambiohazard]

if this helps with distribution curve question

Exponential decay in subsidy or the number of coins generated per year. Also i gues that means no halving but steady decline.

I have not read this but i guess you will find a formula in there for block rewards.

https://decred.org/dtb001.pdf

EDIT: I cant find a number but this clears some things

1) The PoW and PoS subsidies account for 60% and 30% of each total block subsidy, respectively.

2)In order to have an ongoing source of funding for development work, a consensus rule has been added to allocate 10% of each block subsidy to a development organization.

Maybe we have to look at MC2 coin's ann which is found here

https://bitcointalk.org/index.php?topic=169204.msg1759914#msg1759914

Although it gives no starting block reward. Read point iii) Miner Reward Algorithm in this pdf

http://mc2.xwebnetwork.com/storage/mc2_0.05.pdf

Dev can you please say if you have changed any parameters from MC2 paper?

[rokkyroad]

This is going to get good.

Taking applications, here, at bitcointalk and then cherry picking who gets freebie coins is going to turn into a major shitshow. This will create an army of trolls bent on destruction.

Good luck.

[bitowl]

awful name. "cred" makes me think credibility and the "de" prefix makes it sound like this currency has none. what will the singular form be? people will read it and not even have a guess of how to pronounce it because it looks like half a word.

i guess its better than a cutsey video game type name but you nerds really ought to ask someone with at least a little bit of marketing creativity for some insight.

good luck though 

[decred]

Block rewards?
Estimated halvings?
Distribution curve? (Block rewards & total supply over time)

Any info regarding these?

Subsidy is reduced every 6144 blocks in the simplest way possible. The starting reward is based around the premine amounts so as to approach 21 million.

Code:

if j % 6144 == 0:
    block_subsidy *= 100
    block_subsidy /= 101

Coin supply:

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

[Gleb Gamow]

Catching up on some older questions. The project will have an FAQ section up where we can all collect questions from these early discussions to answer queries for new users.

why you want online presence with email address   do you try building user database or something ?

In essence, the project centers around contribution. If you have contributed to things in the past, you are likely to continue doing so. The project asks for an online presence as a means to (1) confirm you've contributed work elsewhere and (2) try and help avoid abuse of the airdrop initiative so people don't try and sign up multiple times. The goal is to spread the network far and wide from the beginning. However, if you haven't made any contributions, you can still sign up if you get in touch with the project and you can contribute ideas for what you'd like to do in the future - that is valid too. Even an account on a forum where you've shown discourse on issues is great - because it shows you think. It's just so that we can avoid people who have no interest in building with the project. Decred wants people who are doers that also want progress.

Well, it look interesting, but...
I'm not sure that 8% premine - 4% for development and 4% for airdrop plus 10% allocation from each block for further development is the right way.
Also 0.49$ per coin is like seting ICO price for premine and by saying "...all coins owned by developers will either be purchased at a rate of USD 0.49 per coin from their own pockets or exchanged for work" you basically presented closed ICO.
Anyway we'll see how this will turn out. All negative things we saw in crypto system joined together maybe can give something positive but I guess only time will tell.
Should be interesting to participate.
Watching!

This is completely valid and a fair point. It was honestly the best compromise the project could reach given the realities of life and that things cost money to build. Keep in mind that what's being discussed here isn't a proposal, it's a built system. The project isn't selling you ideas and asking for your money. Decred is announcing a project of made technology and trying hard to involve people in that effort, so we can progress and strengthen said technology. It's an invitation to walk that journey together. What Decred has done in order to build the technology is the following:

(1) Development funding came from the developers themselves. No developer got free coins, they had to pay or develop at a rate of $0.49/coin. Only the developers suffer if Decred fails early on. No one else carried any risk, nor will they be asked to.
(2) To make up for the coins developers bought in this way to fund the project, the airdrop initiative gives the equivalent to the community in an effort to strengthen the network early on and balance the "sin of the premine".

I do not know if someone mentioned it , but [DCR] is already taken by DeltaCredits.

This has been mentioned, thanks! Let's put this up for discussion by the community prior to launch. Never the project's intention to override anyone else's effort - so that was an earnest mistake on the project's part. It would be good if anyone from DeltaCredits had some input on this matter.

i wonder what would happen if i make a new email and submit it as if i was someone here, say... gleb gammow 

If you were Gleb Gamow and did that, you would certainly qualify for the airdrop. My perspective as an individual is to applaud his efforts on the assumption that he is looking out for the community. He went through extraordinary effort to do research and present his findings - maybe some people think that's questionable, but it's nonetheless impressive. Speaking as a member of the Decred community, I would argue that's an important talent and a mind worth including in a project that wants to challenge governance and continue building new technology.

You fucker!  You truly know how to quell my voice. Nice job!

I'm just ~50 miles west of you here in Sandwich, IL, and if there's some dudes in Chicago overseeing this project, I'd love to some day meet up with them.

The project looks swell on the serface, ergo I'm done here for now. I'm goin' to read the posts following the one I quoted above to make sure your tone hopefully hasn't changed, for you've past the vinegar/honey test. 

[Sir_Astral]

Wall of text.
Is it POW? Countdown?

[Gleb Gamow]

awful name. "cred" makes me think credibility and the "de" prefix makes it sound like this currency has none. what will the singular form be? people will read it and not even have a guess of how to pronounce it because it looks like half a word.

i guess its better than a cutsey video game type name but you nerds really ought to ask someone with at least a little bit of marketing creativity for some insight.

good luck though  

What if Decred were some other TLD (top level domain), thus would form a better word and not take away from its original six-letter .com, with the latter redirecting to the new domain, both eventually enjoying SEO juice? decred.io may not work, but that's the gist of what I propose.

Here's the list: https://en.wikipedia.org/wiki/List_of_Internet_top-level_domains

decred.es is available

[DonnyM]

Watching with great interest. Nice to see all the comments. Both sides of the coin so to speak being discussed.

Donny