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

[MrSunshine]

Hi, well i managed to buy a ticket and share it to stake pool, the thing is how can check if everything it is ok and not to wait as a noob, the time i read it can be 6 months but i see faster tickets.
https://ibb.co/nf3UiG

The avg ticket will win in 28 days, but it is a lottery. Often you can check your stake by logging into your staking pool and looking in it's status area. Or you can open your local wallet everyone in awhile and see if you won an award.

[IncludeBeer]

Dev has managed to get obvious: sign-up your bitcointalk user profile along with a vlaid email address for the airdrop. Stop whinning about this and get it done and see what happens. Good luck to all.

so there will be an airdrop from decred? can somebody confirm this?

The airdrop was in 2016, there will be no other.

there was a fake airdrop! ~ i'm not the only one who got gypped by this outfit

You're wrong: https://bitcointalk.org/index.php?topic=1290358.msg22659558#msg22659558

[akai]

Dev has managed to get obvious: sign-up your bitcointalk user profile along with a vlaid email address for the airdrop. Stop whinning about this and get it done and see what happens. Good luck to all.

so there will be an airdrop from decred? can somebody confirm this?

The airdrop was in 2016, there will be no other.

The coin was produced by POW+POS and now there is no airdrop, so you see it wrong.

[Jack Liver]

So this is like gambling? why do people like to buy tickets? is there something behind it? yeah that must be very profitable.

isn't gambling but a different kind of Proof of Stake, one of the purposes is solve the notorious problem of nothing-at-stake of classic PoS technology, instead of give weight based rewards the Decred PoS gives random rewards with a win chance 99,5% in a timeframe of 142 days, with this system you can't stake on different chains  

tickets don't mine blocks but only validate PoW blocks and they have the last word on serious debates like hard forks and future proposals, the entire system is designed for the on-chain governance.

[riskthebiscuit]

This coin is still alive?

What do you mean of course it is alive. Almost have the coins in cirriculation are currently locked up in POS staking so yeah far to say this coin is more than alive. The thread on here though however

doesnt garner much posting and that is probably because devs are behind the scenes working. If you are ever in doubt of Decred being up and running take a look at this beautiful statistics website.

https://dcrstats.com/ will show you all you need to know about Decred and more!

[_ingsoc]

Make sure you guys check out the two projects developing ASICs for Decred. They're doing AMAs on Reddit at present. Lots of great comments and information so you can do your own research if you're interested in what they're doing:

• dcrASIC AMA
• Obelisk AMA

[Wind_FURY]

Make sure you guys check out the two projects developing ASICs for Decred. They're doing AMAs on Reddit at present. Lots of great comments and information so you can do your own research if you're interested in what they're doing:

• dcrASIC AMA
• Obelisk AMA

Are the developers of Decred encouraging the manufacture of Asics for DCR? Wouldn't that be bad for the coin's decentralized nature, considering that not all miners will have access to them. Why follow Bitcoin's path in giving the Asic manufacturers/miners more power?

[MarSas]

The POS part of the POW/POS hybrid mining algo is there to keep the POW miners in check. Ticket voters (POS stakeholders) vote on the validity of the previous block. If POW miners start misbehave, they get 0 reward. Why would anyone waste electricity just to get 0 reward?

[_ingsoc]

Are the developers of Decred encouraging the manufacture of Asics for DCR? Wouldn't that be bad for the coin's decentralized nature, considering that not all miners will have access to them. Why follow Bitcoin's path in giving the Asic manufacturers/miners more power?

I can't speak for the developers (the dev contributors are a massive team at this stage), but I've seen the argument put forward that DCR is being dual mined as a default secondary coin, which naturally infers that it's not cared for as much. Those who purchase ASIC miners are more inclined to care for the well-being of Decred as a project. I personally think ASIC fears are misplaced, as I'd be far more concerned about the centralisation of mining pools.

Nobody can really stop the development of ASICs, so the fact that they're available for sale to the community/public as opposed to a private group is great to see. However, if they do become abusive to the network (as some suggest dual mining has become), Decred's stakeholders can remedy the situation with ease. I'd argue we should experiment often and try things, so we can collect data and make informed decisions after trying it.

Don't fear the miner when the stake is power.

[EmilioMann]

Hi guys I am just trying to learn about "tickets" and their role for Decred or voting respectively. Can someone give me a link to a condense overview about the process?

https://docs.decred.org/mining/proof-of-stake/

[Grim]

Are the developers of Decred encouraging the manufacture of Asics for DCR? Wouldn't that be bad for the coin's decentralized nature, considering that not all miners will have access to them. Why follow Bitcoin's path in giving the Asic manufacturers/miners more power?

I can't speak for the developers (the dev contributors are a massive team at this stage), but I've seen the argument put forward that DCR is being dual mined as a default secondary coin, which naturally infers that it's not cared for as much. Those who purchase ASIC miners are more inclined to care for the well-being of Decred as a project. I personally think ASIC fears are misplaced, as I'd be far more concerned about the centralisation of mining pools.

Nobody can really stop the development of ASICs, so the fact that they're available for sale to the community/public as opposed to a private group is great to see. However, if they do become abusive to the network (as some suggest dual mining has become), Decred's stakeholders can remedy the situation with ease. I'd argue we should experiment often and try things, so we can collect data and make informed decisions after trying it.

Don't fear the miner when the stake is power.

The POW miners get 60% of EACH block. ASIC = centralization (a fact proven by BTC Warehouse farms)

So everyone is ok now that 60% of each block is shared to less people. Wow great thinking going on here.
Does this make sense to anyone?

This issue is by far way more crucial than any of the other points you bring up.
THIS really should be your number 1 concern.



LET US GOD DAMN VOTE!!! Where is my/our stake power to vote about this stuff.

I fear the ASIC miner but my voting power isn't even considered...


--------------------------


ASICs can be developed for any code (just a matter of cost), but the code can be changed and forked.

Ah, didn't I read somewhere that Decred is all about embracing hard forks and voting them in or not?


--------------------------


BTW I am not even against ASICs, I actually embrace them. The solution can be a multi algorithm POW system.

See? Is it so difficult to understand this one aspect of decentralization?

So will it be DEcred or CEcred?

[Odrak]

Are the developers of Decred encouraging the manufacture of Asics for DCR? Wouldn't that be bad for the coin's decentralized nature, considering that not all miners will have access to them. Why follow Bitcoin's path in giving the Asic manufacturers/miners more power?

I can't speak for the developers (the dev contributors are a massive team at this stage), but I've seen the argument put forward that DCR is being dual mined as a default secondary coin, which naturally infers that it's not cared for as much. Those who purchase ASIC miners are more inclined to care for the well-being of Decred as a project. I personally think ASIC fears are misplaced, as I'd be far more concerned about the centralisation of mining pools.

Nobody can really stop the development of ASICs, so the fact that they're available for sale to the community/public as opposed to a private group is great to see. However, if they do become abusive to the network (as some suggest dual mining has become), Decred's stakeholders can remedy the situation with ease. I'd argue we should experiment often and try things, so we can collect data and make informed decisions after trying it.

Don't fear the miner when the stake is power.

The POW miners get 60% of EACH block. ASIC = centralization (a fact proven by BTC Warehouse farms)

So everyone is ok now that 60% of each block is shared to less people. Wow great thinking going on here.
Does this make sense to anyone?

This issue is by far way more crucial than any of the other points you bring up.
THIS really should be your number 1 concern.



LET US GOD DAMN VOTE!!! Where is my/our stake power to vote about this stuff.

I fear the ASIC miner but my voting power isn't even considered...


--------------------------


ASICs can be developed for any code (just a matter of cost), but the code can be changed and forked.

Ah, didn't I read somewhere that Decred is all about embracing hard forks and voting them in or not?


--------------------------


BTW I am not even against ASICs, I actually embrace them. The solution can be a multi algorithm POW system.

See? Is it so difficult to understand this one aspect of decentralization?

So will it be DEcred or CEcred?

Soon you can setup a proposal yourself man.. https://test-proposals.decred.org/ We can vote on anything!

Cheers

[N30]

Dev has managed to get obvious: sign-up your bitcointalk user profile along with a vlaid email address for the airdrop. Stop whinning about this and get it done and see what happens. Good luck to all.

so there will be an airdrop from decred? can somebody confirm this?

The airdrop was in 2016, there will be no other.

there was a fake airdrop! ~ i'm not the only one who got gypped by this outfit

I got airdrop and know several others who did as well (including one guy who couldn't be bothered to figure out how to get Decred wallet working so he just asked me to dump his airdrop coins for Monero for him). Maybe they just didn't give you any because you're such an...wonderful human being

yep and you watch when i find anyone involved with this project in real life they are going to get my foot up their ass watch >>it cost me over $100,000

So you are making a lots of money with VCASH? It seems is just a shitcoin.

[Wind_FURY]

Are the developers of Decred encouraging the manufacture of Asics for DCR? Wouldn't that be bad for the coin's decentralized nature, considering that not all miners will have access to them. Why follow Bitcoin's path in giving the Asic manufacturers/miners more power?

I can't speak for the developers (the dev contributors are a massive team at this stage), but I've seen the argument put forward that DCR is being dual mined as a default secondary coin, which naturally infers that it's not cared for as much. Those who purchase ASIC miners are more inclined to care for the well-being of Decred as a project. I personally think ASIC fears are misplaced, as I'd be far more concerned about the centralisation of mining pools.

Nobody can really stop the development of ASICs, so the fact that they're available for sale to the community/public as opposed to a private group is great to see. However, if they do become abusive to the network (as some suggest dual mining has become), Decred's stakeholders can remedy the situation with ease. I'd argue we should experiment often and try things, so we can collect data and make informed decisions after trying it.

Don't fear the miner when the stake is power.

But the centralization of power does not only cumulate on the mining pools or the mining farms, they also cumulate on the manufacturers of Asics too. Has no one learned from the mistakes of Bitcoin yet? Jihan Wu has built an empire for himself because the miners depend on his chips to keep their mining operations running.

I believe Decred should avoid its own Jihan Wu.

[bspus]

Between the current gpu dual mining situation and asics, I believe asics are the lesser evil. Dual mining was bad for decred and led to dumping.

I don't think anyone is ecstatic about them, but really, no reason to fret either, especially when they only account for 60% of the coin generation.

And I don't like the idea of hardforking everytime an algorithm gets asic support. But sure, let's do votes, that's the strong point of this coin anyway.

[_ingsoc]

The POW miners get 60% of EACH block. ASIC = centralization (a fact proven by BTC Warehouse farms)

So everyone is ok now that 60% of each block is shared to less people. Wow great thinking going on here.
Does this make sense to anyone?

This issue is by far way more crucial than any of the other points you bring up.
THIS really should be your number 1 concern.



LET US GOD DAMN VOTE!!! Where is my/our stake power to vote about this stuff.

I fear the ASIC miner but my voting power isn't even considered...


--------------------------


ASICs can be developed for any code (just a matter of cost), but the code can be changed and forked.

Ah, didn't I read somewhere that Decred is all about embracing hard forks and voting them in or not?


--------------------------


BTW I am not even against ASICs, I actually embrace them. The solution can be a multi algorithm POW system.

See? Is it so difficult to understand this one aspect of decentralization?

So will it be DEcred or CEcred?

If you're a stakeholder in Decred, you should put forward your arguments on the the off-chain voting infrastructure when it's up and running (Politeia or Pi for short). It's blockchain-anchored and censorship-resistant, so you can be sure it'll be heard and the other stakeholders will be able to vote on the issue. That really is the best way to resolve disputes that aren't clear-cut. As mentioned in this thread, Politeia is currently undergoing rigorous development and testing.

[Intellium]

Can someone tell me the reason why price made 53%?
Is it pump&dump or shall we expect the further growth?

[metallicelmo]

Decred is just a cool coin with voting built in. In my opinion a unique coin

[smeee]

Nobody can really stop the development of ASICs,

what sort of fork would be required to make the proposed ASICs useless ? how radical would the change have to be ?

I am thinking about purchasing an ASIC but the idea that it could be easily rendered useless makes me unsure

[IncludeBeer]

Nobody can really stop the development of ASICs,

what sort of fork would be required to make the proposed ASICs useless ? how radical would the change have to be ?

I am thinking about purchasing an ASIC but the idea that it could be easily rendered useless makes me unsure

It would mean an algo change for PoW. Not so trivial, but not the most daunting change.

Despite the drawbacks to Asic mining, it's pretty clear the pros outweigh the cons. Most sensible people come to the same decision. I'd would be VERY surprised if stakeholders were to vote to fork the PoW algo.