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

[gtzanap]

Price is quite stable now while bitcoin is rising and most altcoins fall.

Might not be mooning but with the circumstances its more than satisfactory.

[dbt1033]

Wow we went back over $2 / coin and 14 Th/s again today...

[andrepierre]

Wow we went back over $2 / coin and 14 Th/s again today...

Still accumulating DCR think this is a very good longterm coin.

[byter.sky]

Wow we went back over $2 / coin and 14 Th/s again today...

Still accumulating DCR think this is a very good longterm coin.

oh dcr best coin right now and 51 btc buy support is good to see ,soon will be really amaizing 

[CryR]

Decred will fly so so high!!!

[Mineit]

Watched the market for the last 2 days, a bot tries to keep the price down. Only a few btc would double the price.

[msdoter7]

Watched the market for the last 2 days, a bot tries to keep the price down. Only a few btc would double the price.

i see decred 4 $ soon ,gui wallet come soon

[tolikkk]

pre-mine 2.6 mil coins

[byter.sky]

pre-mine 2.6 mil coins

and .... eth pre mine 100%
decred the best

[V.cash]

pre-mine 2.6 mil coins

and .... eth pre mine 100%
decred the best

50% distributed free to the first 3000 members of the community in a program that anyone could participate.
Each person received 282 DCR

[Mineit]

pre-mine 2.6 mil coins

and .... eth pre mine 100%
decred the best

50% distributed free to the first 3000 members of the community in a program that anyone could participate.
Each person received 282 DCR

Not even close to 2.6mil

Taken from front page of bitcointalk:

The premine consists of 8% of the total supply of 21 million coins, meaning the premine consists of 1.68 million coins. Rather than allocating the entire premine to the bring-up costs, we decided to split the premine equally between compensation for bring-up and an "airdrop", where we freely give an equal amount of coins to a number of airdrop participants. This means Company 0 and its developers will have put roughly USD 415,000 into the bring-up since April, 2014 and receive 4% of the total supply, 840,000 coins (at USD 0.49 per coin). The remaining 4% will be spread evenly across a list of airdrop participants as part of an effort to build the Decred network and decentralize its distribution.  Coins held by Company 0 will be used to fund its ongoing work on open-source projects, such as Decred and btcsuite.

[Amph]

now that etehruem is down it's possible for decred to take its place?

only one thing is sure, money will just move to something else, so prepare for a pump somewhere else

i see good candidate among decred, spreadcoin, and something else that i can not recognize, because i'm not nostradamus

[CryptoMaik]

Decred will fly so so high!!!

Decred is a stable and the team is very active. I think this coin double in price before new year.

[myagui]

Cheap tickets approaching? 
Getting ready for the fee war! 

[Mineit]

Cheap tickets approaching?  
Getting ready for the fee war!  

I still dont get the pos side, any guide to this?

[allsir]

Decred will fly so so high!!!

Decred is a stable and the team is very active. I think this coin double in price before new year.

before new year this coin will triple or  fourple in price 

[myagui]

Cheap tickets approaching?  
Getting ready for the fee war!  

I still dont get the pos side, any guide to this?

There's plenty of information on the decred forums, and the staking pools also provide (minimal) instructions on how to get your tickets assigned for pool voting. Maybe get started by browsing the documentation here: https://docs.decred.org/mining/proof-of-stake/

[Mineit]

Cheap tickets approaching?  
Getting ready for the fee war!  

I still dont get the pos side, any guide to this?

There's plenty of information on the decred forums, and the staking pools also provide (minimal) instructions on how to get your tickets assigned for pool voting. Maybe get started by browsing the documentation here: https://docs.decred.org/mining/proof-of-stake/

Yes, well i read that but i dont get the ticket/voting part. Why do i need to vote and can i lose coins if it fails for example. I couldn't find it in the documentation but maybe i read over it. Ill check it again.

[Dcrstats]

Cheap tickets approaching?  
Getting ready for the fee war!  

I still don't get the pos side, any guide to this?

There's plenty of information on the Decred forums, and the staking pools also provide (minimal) instructions on how to get your tickets assigned for pool voting. Maybe get started by browsing the documentation here: https://docs.decred.org/mining/proof-of-stake/

Yes, well I read that but I don't get the ticket/voting part. Why do I need to vote and can I lose coins if it fails for example. I couldn't find it in the documentation but maybe I read over it. I'll check it again.

If you want to understand better PoS in Decred (theoretical part) read this thread:
https://forum.decred.org/threads/understanding-of-proof-of-stake.180/

Few important things to note:
- this thread was started in January, even before Decred release, so there are a lot of wrong assumptions;
- to save your time read only responses of davecgh

In order to be eligible for the lottery, you first have to purchase stake tickets by submitting a special type of signed transaction (called a stake submission transaction, or sstx for short) to the network which locks the coins for a certain period of time. As an aside, this is why cold staking is possible because once you have signed and submitted the sstx, you no longer need the private keys for the original coins available in a hot wallet. Instead there are new private key(s) for the sstx.

When a block is mined, a lottery system is used to randomly choose 5 stake tickets which are then called to vote. This is why the stake wallet (or whatever happens to be listening) needs to be online to answer the call. Ultimately the idea is to have stake pools which allow users to pool their funds for voting towards things using multisig. The vote is actually cast by submitting another special type of transaction (called a stake submission generation transaction, or ssgen for short) which is signed by the key(s) associated with the first output of the original sstx. Note these keys are NOT the same as private keys for the original coins, which is what makes the cold staking possible and means they can't be stolen because the original coins aren't actually sent anywhere until they are released. They were simply "locked" to prevent spending. The ssgen transaction effectively casts the vote and causes the original coins and the stake reward to be delivered to the address(es) originally specified in the sstx.

I should also note that the PoS difficulty (stake difficulty) dynamically adjusts over time just like the PoW difficulty does. In practice, this means it will get more expensive to purchase stake tickets over time. This effectively keeps the ticket pool size stable and essentially creates a ticket market on the chain.

[Mineit]

Cheap tickets approaching?  
Getting ready for the fee war!  

I still don't get the pos side, any guide to this?

There's plenty of information on the Decred forums, and the staking pools also provide (minimal) instructions on how to get your tickets assigned for pool voting. Maybe get started by browsing the documentation here: https://docs.decred.org/mining/proof-of-stake/

Yes, well I read that but I don't get the ticket/voting part. Why do I need to vote and can I lose coins if it fails for example. I couldn't find it in the documentation but maybe I read over it. I'll check it again.

If you want to understand better PoS in Decred (theoretical part) read this thread:
https://forum.decred.org/threads/understanding-of-proof-of-stake.180/

Few important things to note:
- this thread was started in January, even before Decred release, so there are a lot of wrong assumptions;
- to save your time read only responses of davecgh

In order to be eligible for the lottery, you first have to purchase stake tickets by submitting a special type of signed transaction (called a stake submission transaction, or sstx for short) to the network which locks the coins for a certain period of time. As an aside, this is why cold staking is possible because once you have signed and submitted the sstx, you no longer need the private keys for the original coins available in a hot wallet. Instead there are new private key(s) for the sstx.

When a block is mined, a lottery system is used to randomly choose 5 stake tickets which are then called to vote. This is why the stake wallet (or whatever happens to be listening) needs to be online to answer the call. Ultimately the idea is to have stake pools which allow users to pool their funds for voting towards things using multisig. The vote is actually cast by submitting another special type of transaction (called a stake submission generation transaction, or ssgen for short) which is signed by the key(s) associated with the first output of the original sstx. Note these keys are NOT the same as private keys for the original coins, which is what makes the cold staking possible and means they can't be stolen because the original coins aren't actually sent anywhere until they are released. They were simply "locked" to prevent spending. The ssgen transaction effectively casts the vote and causes the original coins and the stake reward to be delivered to the address(es) originally specified in the sstx.

I should also note that the PoS difficulty (stake difficulty) dynamically adjusts over time just like the PoW difficulty does. In practice, this means it will get more expensive to purchase stake tickets over time. This effectively keeps the ticket pool size stable and essentially creates a ticket market on the chain.

Thanks for this