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

[Mrboot]

I think decred is not ready for the competition yet.

I think governance can be a killer app if done correct so DCR can be a sleeping giant like some people say.
I like decred a lot and it is a big portion of my portofolio, but im also worried a lot because;

The fundamentals are pretty negative atm if you ask me;
1) miners are dual mining and making a lot sell pressure.
2) Tickets fee are skyrocketing on low ticket price giving the miners a lot of extra fee ever block (approx 0,25 dcr a ticket)
3) A huge rise of x20

Beside that i think also that because all the sell pressure its not even worth keeping the coins locked in POS and that can be a serieus problem.
Cause how can you get democrazy like this. You can lock your coins for 2,5 to 3% but the coin makes swings of 40% in that same period.
That makes is insane risky for the people that buy the coins around this price.

The 28 day on avarage lock is just a lot, would be much better if the tickets where cheaper and the lockdown/reward were lower.

Example instead of 5 tickets 10 will be picked this lowers the waiting time, and lower the reward you get to composate for the same pos supply.

Beside the fundamental i also think there should be more like a aim for the coin. Now its a coin in the middle.
Obvious its mostly focussed on being a payment system, but there are a lot coins out there like that so thats a really hard market to crack.
XEM is a great example aiming for enterprise so at least people know what they need to market.

Ofcourse a coin with governance can go every way that people vote for but first the coin need to get usage so it can increase in value, this is more
important than people know. Think about dev subsidy and developers joining etc.

[1714766535]

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[1714766535]

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[1714766535]

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[EmilioMann]

I think decred is not ready for the competition yet.

I think governance can be a killer app if done correct so DCR can be a sleeping giant like some people say.
I like decred a lot and it is a big portion of my portofolio, but im also worried a lot because;

The fundamentals are pretty negative atm if you ask me;
1) miners are dual mining and making a lot sell pressure.
2) Tickets fee are skyrocketing on low ticket price giving the miners a lot of extra fee ever block (approx 0,25 dcr a ticket)
3) A huge rise of x20

Beside that i think also that because all the sell pressure its not even worth keeping the coins locked in POS and that can be a serieus problem.
Cause how can you get democrazy like this. You can lock your coins for 2,5 to 3% but the coin makes swings of 40% in that same period.
That makes is insane risky for the people that buy the coins around this price.

The 28 day on avarage lock is just a lot, would be much better if the tickets where cheaper and the lockdown/reward were lower.

Example instead of 5 tickets 10 will be picked this lowers the waiting time, and lower the reward you get to composate for the same pos supply.

Beside the fundamental i also think there should be more like a aim for the coin. Now its a coin in the middle.
Obvious its mostly focussed on being a payment system, but there are a lot coins out there like that so thats a really hard market to crack.
XEM is a great example aiming for enterprise so at least people know what they need to market.

Ofcourse a coin with governance can go every way that people vote for but first the coin need to get usage so it can increase in value, this is more
important than people know. Think about dev subsidy and developers joining etc.

1) If you take a look at the inflation of bitcoin in its first 2 years of life, you will see that it's similar to decred. IMO it's a way to reward early adopters. From next year, inflation will be greatly reduced.

2) One item in the current vote is exactly to fix that.

3)I love this and be prepared because Decred should value a lot more during this year and next year.

[EmilioMann]

"Step-by-step walkthrough detailing the issues an average non-technical user faces when trying to work with Decred for the first time"

https://www.reddit.com/r/decred/comments/68lqjs/stepbystep_walkthrough_detailing_the_issues_an/

[Kryptowerk]

sold everything.

For Dash? xD
My guess places of DCR and DASH will be swapped by the end of 2017.

[cryptogasm]

sold everything.

For Dash? xD
My guess places of DCR and DASH will be swapped by the end of 2017.

DCR could easily pull this off longterm.

[TheCrimsonFucker]

Is Decred mining still profitable? Or is it necessary to take into account several factors? How locality (price of electricity), availability of materials (parts, machines, etc)?

[Kryptowerk]

Is Decred mining still profitable? Or is it necessary to take into account several factors? How locality (price of electricity), availability of materials (parts, machines, etc)?

You always need to consider these facts. Given the right hardware and low E-fees it can still be profitable, yes.
Most mining-algorithms are self regulating and slightly profitable. Otherwise (if it is not profitable) only idealists would mine it or everybody would do it if it's super profitable.

[dumada]

sold everything.

Why. I think it has potential to rise again.

[helloworld]

Nice project. Just bought a ton of it over the last week... all ready to go. are you?

[EmilioMann]

Nice project. Just bought a ton of it over the last week... all ready to go. are you?

I am!

It's very cool to see early adopters of bitcoin and litecoin becoming also early adopters of decred!

Welcome and join decred slack. We are almost 3000 there and you can talk with all devteam https://decred.slack.com

[Stratagem]

I think decred is not ready for the competition yet.

I think governance can be a killer app if done correct so DCR can be a sleeping giant like some people say.
I like decred a lot and it is a big portion of my portofolio, but im also worried a lot because;

The fundamentals are pretty negative atm if you ask me;
1) miners are dual mining and making a lot sell pressure.
2) Tickets fee are skyrocketing on low ticket price giving the miners a lot of extra fee ever block (approx 0,25 dcr a ticket)
3) A huge rise of x20

Beside that i think also that because all the sell pressure its not even worth keeping the coins locked in POS and that can be a serieus problem.
Cause how can you get democrazy like this. You can lock your coins for 2,5 to 3% but the coin makes swings of 40% in that same period.
That makes is insane risky for the people that buy the coins around this price.

The 28 day on avarage lock is just a lot, would be much better if the tickets where cheaper and the lockdown/reward were lower.

Example instead of 5 tickets 10 will be picked this lowers the waiting time, and lower the reward you get to composate for the same pos supply.

Beside the fundamental i also think there should be more like a aim for the coin. Now its a coin in the middle.
Obvious its mostly focussed on being a payment system, but there are a lot coins out there like that so thats a really hard market to crack.
XEM is a great example aiming for enterprise so at least people know what they need to market.

Ofcourse a coin with governance can go every way that people vote for but first the coin need to get usage so it can increase in value, this is more
important than people know. Think about dev subsidy and developers joining etc.

I'm not sure I would say the fundamentals are pretty negative...
1. Claymore's dual miner got everyone and their grandmother interested in mining DCR for extra profit. Obviously most of these ETH miners don't see the value of the coin, so have been steadily dumping...
That miner, however, has brought a fair amount of attention to the project. A lot of people who otherwise wouldn't have found out about it, now know a little about it, or at least that it exists.

I think Claymore's miner causing this sell pressure was a FANTASTIC thing for this project. It gave all us early adopters ample time to accumulate. I know I did...

2. The developers are consistently working to better this project and they are very intelligent people.
Staking difficulty is going to be upgraded shortly... As long as we vote for it. Mining algorithm changes will come and go relatively frequently, as needs always change over time. The reason we are here is because this coin has that ability to implement change better than any other platform. The ability to adapt is required for success.

3. The rise has been primarily due to more investors due to increased exposure. Whales and traders had a reasonable part to play in this as well...
That said, there's less than 5% of the supply on sell orders presently... Not a large % of the market are in wallets on Exchanges, which means that once people start buying, the value can, will and has gone up EXTREMELY quickly.
There's just not much for sale...

[justinc2014]

lighting network activation will make coins like litecoin and decred compatible to atomic blockswap across chains? decred will probably have  first mover advantage as the vote is 98% in favour of this change.. with low market depth because 38% of all coins are staking in wallets means price movement could be very quick and people will see 200% -300% profits in a day.. it is the time to buy now at the best price you can get hold for a couple of months and stake to increase your supply.. should be a good investment.. as trader i would trade the highs and the lows but be careful not to loose your position.

[FUTURECRYPTO]

lighting network activation will make coins like litecoin and decred compatible to atomic blockswap across chains? decred will probably have  first mover advantage as the vote is 98% in favour of this change.. with low market depth because 38% of all coins are staking in wallets means price movement could be very quick and people will see 200% -300% profits in a day.. it is the time to buy now at the best price you can get hold for a couple of months and stake to increase your supply.. should be a good investment.. as trader i would trade the highs and the lows but be careful not to loose your position.

I advise just hodl coins in your POS and watch the fun with popcorn 
You might end up burning your coins if you think you can beat the market especially if its bullish

[hannusolo]

Guys, what is exactly a lighning network? I heard this name many times, but what is it and how will it be implemented in the Decred network, do you have a link?

[xca900174]

After a ticket is voted and you get your Decred back + the POS reward, the coins are blocked by 256 blocks (~ 20 hours). There is a bug that shows these coins as spendable before they are.

[malcovixeffect]

Guys, what is exactly a lighning network? I heard this name many times, but what is it and how will it be implemented in the Decred network, do you have a link?

Simple google can answer your question, to dumb it for you faster confirmation and low fees. As for the implementation might as well research it for yourself.
Doing research, you will benefit in the long run

[Beoga]

Guys, what is exactly a lighning network? I heard this name many times, but what is it and how will it be implemented in the Decred network, do you have a link?

Simple google can answer your question, to dumb it for you faster confirmation and low fees. As for the implementation might as well research it for yourself.
Doing research, you will benefit in the long run

Seems it is not actually needed for Decred, because no problem with transactions in decred network and fee pretty low.
But it is good for price pump.

[hannusolo]

Ok, I get it.

So I assume if this will be voted succesfully (most likely), than the devs will start to work on it. Could it be already implemented in 2017 or it's going to be a longer-term story?

[FUTURECRYPTO]

Ok, I get it.

So I assume if this will be voted succesfully (most likely), than the devs will start to work on it. Could it be already implemented in 2017 or it's going to be a longer-term story?

ETA for LN implementation is OCT-17 if voted successfully

[bamsterdam]

I thought version 1.0 should have fixed the swinging ticket prices? Did I read wrong? since prices are still going all over the place