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

[Searing]

Ok....tell me about Decred coin ...if you would (or punt me to the curb)

I have swap'd 5 obelisk free coupons (of dubious obelisk sc-1 nature) on the 1st batch of Sia-Tech Siacoin miners at $800 bucks each to a guy to get some decred miners from them

2nd batch *July 2018*

So for this swap of $800 buck *dubious* coupons I am getting ONE FREE Sia-Tech ASIC Decred Miner, for my efforts, coupons I'd likely NEVER use, again July/Aug maybe

Ship date on this Sia-Tech Decred ASIC Miner (supposedly)


OK ....this will be hard NOT to ROI indeed as the 5 $800 buck coupons  (or 1/2 off) (I'd likely never use) for a working SiaTech Decred ASIC miner (if it ever arrives)

So tell me, those on here on that have drank the Decred Kool-Aid on IF I should also drink the kool-aid and be a Decred Cheerleader?

or it is moot on July/Aug Decred (dubious) ASIC miner arrival...even if it is free unit with a 1c return at a full ROI (after electric)..this will matter little in the long run?

then again, I expect a Bitmain Decred ASIC miner, before July/Aug..(thus my swap of coupons for a free unit) ..I am somewhat cynical, don't ya know...

(sits back, with popcorn,ice cream, cake, so thus prepared to be awe'd and/or slam'd ..on your replies.....thus the comfort food)

I await 'enlightenment' on my above swap for a future ASIC Decred Miner unicorn!

[asdlolciterquit]

I had heard a lot about Decred and never looked into it that much. Definitely wish I would have sooner. It honestly sounds too good to be true but the proof is in the pudding.

- Many coins will start PoW and then switch to PoS but Decred is the only one I know of that is a PoW/PoS hybrid and plans to stay that way, making it arguably the most democratic and for-the-people coin around as well as
  one of the most secure.

- The governance model is unmatched. The method of suggesting changes to the network and then validating or rejecting those changes is straightforward and sensible.

- The dev team is unreal. I haven't found a team with these credentials outside of the top 20 marketcap, and there are teams within the top 20 that aren't nearly as good.
 
- The dev fund from each block allows all of those skilled devs to continue working on Decred as long as the coin maintains a decent value, and based on what I've seen I think that will be true for the foreseeable future. One
  risk is that miners and stakers are less incentivized to maintain the network but that does not seem to be an issue.

These were the big takeaways that got me excited about this project. I hope this will get others to check it out as well.

i totally agree with you man. I've holding my decred since few months right now, and even if i am in little lost, i'm not worried at all.
Just look at how this thread is alive!

Anyway, can i ask you what do you think about the incoming asics arrive?

[johntradez]

I had heard a lot about Decred and never looked into it that much. Definitely wish I would have sooner. It honestly sounds too good to be true but the proof is in the pudding.

- Many coins will start PoW and then switch to PoS but Decred is the only one I know of that is a PoW/PoS hybrid and plans to stay that way, making it arguably the most democratic and for-the-people coin around as well as
  one of the most secure.

- The governance model is unmatched. The method of suggesting changes to the network and then validating or rejecting those changes is straightforward and sensible.

- The dev team is unreal. I haven't found a team with these credentials outside of the top 20 marketcap, and there are teams within the top 20 that aren't nearly as good.
 
- The dev fund from each block allows all of those skilled devs to continue working on Decred as long as the coin maintains a decent value, and based on what I've seen I think that will be true for the foreseeable future. One
  risk is that miners and stakers are less incentivized to maintain the network but that does not seem to be an issue.

These were the big takeaways that got me excited about this project. I hope this will get others to check it out as well.

i totally agree with you man. I've holding my decred since few months right now, and even if i am in little lost, i'm not worried at all.
Just look at how this thread is alive!

Anyway, can i ask you what do you think about the incoming asics arrive?

Generally I think Asics being made for a coin is a good thing in terms of network security but a bad thing for decentralization. The hash rate of the network will increase making the network more secure. But Asics are much more costly so mining power will be more centralized to those that can afford them.

But the beauty of Decred is the hybrid block validation where stakers have the final say in validating mined blocks. This maintains decentralization while keeping the security of a network with more hash power. I can only see Asics as a good thing for the future of Decred.

[gtzanap]

But the beauty of Decred is the hybrid block validation where stakers have the final say in validating mined blocks. This maintains decentralization while keeping the security of a network with more hash power. I can only see Asics as a good thing for the future of Decred.

How exactly do I decide what blocks are valid when voting? Why would I want to vote any block as being not valid? Not to mention that putting a "no" vote in a block I am called to vote would result (if the no prevails) in the block becoming orphan and therefore no stake reward for the ticket.

Also the whole voting/staking system is automatic. My tickets are called to vote and they do. I never choose any yes or no for the blocks, I don't even know how. I only know how to vote for other stuff when available, like the lightning network or ticket price algorithm change.

Finally, with staking pools active and used by most, you could argue that staking is also quite centralized.

[Big Naturals]

Quick reminder that Dcrstats Evolution is closing.

Please follow the instructions in your personal profiles and save auto withdrawal address.

https://evolution.dcrstats.com/

All deposits and ticket purchases are disabled. Do not send funds, but withdraw them
No worries thou, the service will be live at least 12 months longer, there will be more than enough time to withdraw 100% of your funds.
Please use auto withdrawal feature to make this process fast and smooth.

Bummer ... thanks for the memories!

Any other options for decred staking for non tech people, or is it time to setup my own node and learn how to buy tickets etc  ?

[EmilioMann]

Quick reminder that Dcrstats Evolution is closing.

Please follow the instructions in your personal profiles and save auto withdrawal address.

https://evolution.dcrstats.com/

All deposits and ticket purchases are disabled. Do not send funds, but withdraw them
No worries thou, the service will be live at least 12 months longer, there will be more than enough time to withdraw 100% of your funds.
Please use auto withdrawal feature to make this process fast and smooth.

Bummer ... thanks for the memories!

Any other options for decred staking for non tech people, or is it time to setup my own node and learn how to buy tickets etc  ?

Just use decrediton wallet, is very easy

[kurdun]

This is too difficult to understand the scheme of work, I think this will not find wide distribution and use in a large number of people

[asdlolciterquit]

I had heard a lot about Decred and never looked into it that much. Definitely wish I would have sooner. It honestly sounds too good to be true but the proof is in the pudding.

- Many coins will start PoW and then switch to PoS but Decred is the only one I know of that is a PoW/PoS hybrid and plans to stay that way, making it arguably the most democratic and for-the-people coin around as well as
  one of the most secure.

- The governance model is unmatched. The method of suggesting changes to the network and then validating or rejecting those changes is straightforward and sensible.

- The dev team is unreal. I haven't found a team with these credentials outside of the top 20 marketcap, and there are teams within the top 20 that aren't nearly as good.
 
- The dev fund from each block allows all of those skilled devs to continue working on Decred as long as the coin maintains a decent value, and based on what I've seen I think that will be true for the foreseeable future. One
  risk is that miners and stakers are less incentivized to maintain the network but that does not seem to be an issue.

These were the big takeaways that got me excited about this project. I hope this will get others to check it out as well.

i totally agree with you man. I've holding my decred since few months right now, and even if i am in little lost, i'm not worried at all.
Just look at how this thread is alive!

Anyway, can i ask you what do you think about the incoming asics arrive?

Generally I think Asics being made for a coin is a good thing in terms of network security but a bad thing for decentralization. The hash rate of the network will increase making the network more secure. But Asics are much more costly so mining power will be more centralized to those that can afford them.

But the beauty of Decred is the hybrid block validation where stakers have the final say in validating mined blocks. This maintains decentralization while keeping the security of a network with more hash power. I can only see Asics as a good thing for the future of Decred.

just to know, sorry for the noob question, was there any coin in the past that become (after a while) asics minable in crypto history? what happened to that coin?

[Angel Di]

How many I read about this coin, that community praises only it. Last year probably there was the only opportunity to buy coins very cheap and still these coins distributed free of charge to everyone at the beginning. It is put on an equal basis together with btc and monero. Will survive tell when other coins die, a reliable asset some kind of.

[btcapollo]

But the beauty of Decred is the hybrid block validation where stakers have the final say in validating mined blocks. This maintains decentralization while keeping the security of a network with more hash power. I can only see Asics as a good thing for the future of Decred.

How exactly do I decide what blocks are valid when voting? Why would I want to vote any block as being not valid? Not to mention that putting a "no" vote in a block I am called to vote would result (if the no prevails) in the block becoming orphan and therefore no stake reward for the ticket.

Also the whole voting/staking system is automatic. My tickets are called to vote and they do. I never choose any yes or no for the blocks, I don't even know how. I only know how to vote for other stuff when available, like the lightning network or ticket price algorithm change.

Finally, with staking pools active and used by most, you could argue that staking is also quite centralized.

I would like to know this as well. On the Decredition wallet, I don't see any option to vote "No" on a block.

[sompitonov]

Quick reminder that Dcrstats Evolution is closing.

Please follow the instructions in your personal profiles and save auto withdrawal address.

https://evolution.dcrstats.com/

All deposits and ticket purchases are disabled. Do not send funds, but withdraw them
No worries thou, the service will be live at least 12 months longer, there will be more than enough time to withdraw 100% of your funds.
Please use auto withdrawal feature to make this process fast and smooth.

Somebody answer my question.
If I changed the address of the transaction in decrediton to a new one. Will my decreds come to me when they are unblocked by https://evolution.dcrstats.com ? (the first address was delivered to the automatic withdraw)

[EmilioMann]

...

I would like to know this as well. On the Decredition wallet, I don't see any option to vote "No" on a block.

Because no voting is happening right now.

[IncludeBeer]

But the beauty of Decred is the hybrid block validation where stakers have the final say in validating mined blocks. This maintains decentralization while keeping the security of a network with more hash power. I can only see Asics as a good thing for the future of Decred.

How exactly do I decide what blocks are valid when voting? Why would I want to vote any block as being not valid? Not to mention that putting a "no" vote in a block I am called to vote would result (if the no prevails) in the block becoming orphan and therefore no stake reward for the ticket.

Also the whole voting/staking system is automatic. My tickets are called to vote and they do. I never choose any yes or no for the blocks, I don't even know how. I only know how to vote for other stuff when available, like the lightning network or ticket price algorithm change.

Finally, with staking pools active and used by most, you could argue that staking is also quite centralized.

I would like to know this as well. On the Decredition wallet, I don't see any option to vote "No" on a block.

Let's not mix things up. OP asked how to decide on the validity of a block. You're asking how to issue a "no" vote.

So, for the block validity question: that's done programmatically. Yes, PoS votes get the final say if a block is valid or not. This isn't something that someone running the node has to actually make a decision on for every single block. There is logic which can be defined such that if certain preconditions for a block are met, you as the PoS miner will "choose" not to include it. Also, I'm pretty sure you still get a vote reward even if the block doesn't become part of the main chain (someone correct me if I'm wrong).

Voting "no" is different. Once we things to vote on, you'll see in the wallet your vote options. Typically, your options are: yes, no, or abstain. Just so it's clear: this isn't voting on a block, this is voting on an improvement proposal.

Pro resource: https://voting.decred.org/  

[johntradez]

How exactly do I decide what blocks are valid when voting? Why would I want to vote any block as being not valid? Not to mention that putting a "no" vote in a block I am called to vote would result (if the no prevails) in the block becoming orphan and therefore no stake reward for the ticket.

Also the whole voting/staking system is automatic. My tickets are called to vote and they do. I never choose any yes or no for the blocks, I don't even know how. I only know how to vote for other stuff when available, like the lightning network or ticket price algorithm change.

Finally, with staking pools active and used by most, you could argue that staking is also quite centralized.

I have thoroughly read the Decred Documentation https://docs.decred.org/ and could not find anything describing how to vote "yes" or "no" on individual blocks. I only found how voting works on forks - https://docs.decred.org/getting-started/user-guides/agenda-voting/. I do think this can be done algorithmically as IncludeBeer said. However the voters still receive their block subsidy even if the majority vote "no" on a block. This is because the subsidy is given whenever a voting ticket is selected to vote. The PoW and dev subsidy are lost though and any regular transactions within that block are invalidated as stated in the Decred Constitution near the bottom of the Blockchain Governance section - https://docs.decred.org/getting-started/constitution/.

You set your voting preference to "Yes", "No", or "Abstain" anytime after buying a ticket. Abstain is the default until you change it. Explained here  https://docs.decred.org/getting-started/user-guides/agenda-voting/ under Voting Preparation.

Staking pools do make the staking in Decred more centralized compared to other PoS coins but the combination of mining with staking makes Decred's consensus method more decentralized overall.

[saucedaddy]

How exactly do I decide what blocks are valid when voting? Why would I want to vote any block as being not valid? Not to mention that putting a "no" vote in a block I am called to vote would result (if the no prevails) in the block becoming orphan and therefore no stake reward for the ticket.

Also the whole voting/staking system is automatic. My tickets are called to vote and they do. I never choose any yes or no for the blocks, I don't even know how. I only know how to vote for other stuff when available, like the lightning network or ticket price algorithm change.

Finally, with staking pools active and used by most, you could argue that staking is also quite centralized.

I have thoroughly read the Decred Documentation https://docs.decred.org/ and could not find anything describing how to vote "yes" or "no" on individual blocks. I only found how voting works on forks - https://docs.decred.org/getting-started/user-guides/agenda-voting/. I do think this can be done algorithmically as IncludeBeer said. However the voters still receive their block subsidy even if the majority vote "no" on a block. This is because the subsidy is given whenever a voting ticket is selected to vote. The PoW and dev subsidy are lost though and any regular transactions within that block are invalidated as stated in the Decred Constitution near the bottom of the Blockchain Governance section - https://docs.decred.org/getting-started/constitution/.

You set your voting preference to "Yes", "No", or "Abstain" anytime after buying a ticket. Abstain is the default until you change it. Explained here  https://docs.decred.org/getting-started/user-guides/agenda-voting/ under Voting Preparation.

Staking pools do make the staking in Decred more centralized compared to other PoS coins but the combination of mining with staking makes Decred's consensus method more decentralized overall.

I figured it out the other day, all the info is in the documentation on the website. When your in the decredetion wallet, you go to the ticket section. So click on the right side where it says ticket below transcations and stuff and the first thing that will pop up is the section where you actually buy a ticket, at the top there is i think 4 tabs, one says my tickets the other goverance, and statistics. Click on the governance tab and it will show whats being voted on. click on that, should be a little 3 dot icon or something, and once you do that you can set your vote to one of three options. Yes, No or abstain. Automatically set to abstain unless you chose yes or no. Hope this helps

[metallicelmo]

What is the latest full wallet for Windows? Is that Decredition now? I used to have the Paymetheus wallet before

[gtzanap]

So, for the block validity question: that's done programmatically. Yes, PoS votes get the final say if a block is valid or not. This isn't something that someone running the node has to actually make a decision on for every single block. There is logic which can be defined such that if certain preconditions for a block are met, you as the PoS miner will "choose" not to include it. Also, I'm pretty sure you still get a vote reward even if the block doesn't become part of the main chain (someone correct me if I'm wrong).

OK. But if it's done programmatically and the rules are the same for all nodes, shouldn't they all always vote the same? I mean all 5 (I think it's 5 per block) voters would be expected to have yes or no on the block. Is it possible to have a split decision, like 3 to 2 votes? If yes, how is that possible unless the voters follow different rules?

If your ticket is called on a block and that block gets orphaned, you lose the reward (as the block is simply not in the chain). The ticket gets refunded of course. I recently noticed it happen on my local staking wallet, unless I misinterpreted what I saw.

I assume that blocks rejected due to PoS voting become orphan.

[BivanF]

i have read some page's about DCR but how is the POS part working , you need to buy a ticket before you can stake? , and if how much DCR for a ticket?

wish i had bought some earlier

[FNietzsche]

Great post written by Panama Crypto!

https://medium.com/@Panama_TJ/decred-q-a-7651b14fcb7d

[Ferdo]

i have read some page's about DCR but how is the POS part working , you need to buy a ticket before you can stake? , and if how much DCR for a ticket?

wish i had bought some earlier

You can find all stats here:
https://dcrstats.com/

Current ticket price is 83.96 DCR