IncludeBeer
Legendary
Offline
Activity: 1164
Merit: 1010
|
|
November 19, 2019, 08:08:10 PM |
|
I'm a Decred HODLER, but I believe the coin is only successful until that first chain split.
Seriously? So in your opinion, coins like Bitcoin and Ethereum are not successful? No, in my opinion Decred, with its thesis of on-chain governance, will be a failure if indeed a motivated minority does cause a chain split. Are you a troll? ...in my opinion Decred, with its thesis of on-chain governance, will be a failure if indeed a motivated minority does cause a chain split.
I think a motivated minority will be able to cause a chain split. Decred is developed to make it not possible because it would be very costly to do, but what if some bad actor would be only interested in finishing Decred project by a chain split to prove that on-chain governance is broken and don't think about the cost? Yes, we can say that it is impossible to chain split decred without stakeholders agreeing to it. Atack decred costs 20X more than taking control of bitcoin in a 51% attack. Why would someone spend 20x more to attack decred, if with 20X less, they can do with bitcoin and earn much more billions of dollars? https://blog.usejournal.com/apples-to-apples-decred-is-20x-more-expensive-to-attack-than-bitcoin-68bafeb4546fhttps://medium.com/decred/decreds-hybrid-protocol-a-superior-deterrent-to-majority-attacks-9421bf486292https://medium.com/decred/detailed-analysis-of-decred-fork-resistance-93022e0bcde7Yes, exactly. The possibility is there of course, but it's quite infinitesimally small. Not only is there nothing to be gained, but it would be an unimaginable cost (even at current difficulty, and the difficulty just keeps going up, btw) to execute. We're talking on the level of governments and nation-states. Honestly, one should be more afraid of the chance solar flares will ruin internet infrastructure before worrying about Decred having a contentious chain split.
|
|
|
|
Wind_FURY
Legendary
Offline
Activity: 3052
Merit: 1908
|
|
November 20, 2019, 10:35:32 AM |
|
I'm a Decred HODLER, but I believe the coin is only successful until that first chain split.
Seriously? So in your opinion, coins like Bitcoin and Ethereum are not successful? No, in my opinion Decred, with its thesis of on-chain governance, will be a failure if indeed a motivated minority does cause a chain split. Are you a troll? Don't do that. I'm debating for learning's sake. There are some people in the Bitcoin community who had been saying that "blockchain governance is a joke". I'm simply trying to find answers. But I'll try to get answers from some of the developers to simple questions, like what if the motivated minority, comprised of miners and stakers, simply refuse to run the Core developers' software, and develops their own, with their own rules?
|
| .SHUFFLE.COM.. | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | . ...Next Generation Crypto Casino... |
|
|
|
EmilioMann
Legendary
Offline
Activity: 2184
Merit: 1028
#mitandopelomundo
|
|
November 20, 2019, 07:38:57 PM |
|
No, in my opinion Decred, with its thesis of on-chain governance, will be a failure if indeed a motivated minority does cause a chain split.
Are you a troll? Don't do that. I'm debating for learning's sake. There are some people in the Bitcoin community who had been saying that "blockchain governance is a joke". I'm simply trying to find answers. But I'll try to get answers from some of the developers to simple questions, like what if the motivated minority, comprised of miners and stakers, simply refuse to run the Core developers' software, and develops their own, with their own rules? You have been answered here many times about this question. Decred devs are no longer coming to bitcointalk for toxicity and trolls. You can talk to all of them on DCR matrix https://chat.decred.org/#/welcome
|
|
|
|
wwzsocki
Legendary
Offline
Activity: 2856
Merit: 1730
First 100% Liquid Stablecoin Backed by Gold
|
|
November 21, 2019, 10:46:33 AM |
|
...Atack decred costs 20X more than taking control of bitcoin in a 51% attack...
Honestly, one should be more afraid of the chance solar flares will ruin internet infrastructure before worrying about Decred having a contentious chain split.
Thank you very much for all these detailed answers and all the additional info both of you have provided. I have asked these questions because the explanation that nobody will fork Decred because of the high costs, somehow doesn't convince me. We have seen already that in crypto space people are able to lose millions of dollars just to stand up and prove something to someone (hash wars).
|
|
|
|
IncludeBeer
Legendary
Offline
Activity: 1164
Merit: 1010
|
|
November 21, 2019, 05:17:51 PM |
|
Point of fact: every "established" blockchain project has their own forum/chat....usually multiple.
|
|
|
|
gembitz
|
|
November 22, 2019, 05:30:37 PM |
|
No, in my opinion Decred, with its thesis of on-chain governance, will be a failure if indeed a motivated minority does cause a chain split.
Are you a troll? Don't do that. I'm debating for learning's sake. There are some people in the Bitcoin community who had been saying that "blockchain governance is a joke". I'm simply trying to find answers. But I'll try to get answers from some of the developers to simple questions, like what if the motivated minority, comprised of miners and stakers, simply refuse to run the Core developers' software, and develops their own, with their own rules? You have been answered here many times about this question. Decred devs are no longer coming to bitcointalk for toxicity and trolls. You can talk to all of them on DCR matrix https://chat.decred.org/#/welcomestop spamming your virus/wallet stealer links bro! ===> WALLED GARDEN STYLE COMMUNICATIONS ^^^ = TEXTBOOK QUALIFIER TO BEING CRYPTO FRAUD. " ===> ACTUAL GOVERNMENTS ENFORCE THEIR CURRENCIES USING FORCE @ THE BARREL OF A GUN. DECRED DEVELOPERS EXIT SCHEME WHEREAS THEY RUN AWAY LAUGHING WITH ACTUAL MONEY & USERS INFO TO SELL ON THE DARKWEB===> UNREGISTERED SECURITIES / PHISHING SCAMS LIKE THIS ARE PERFECT TARGETS FOR GOVT. REGULATORS * >> WHERE'S MY AIRDROP COINS YOU GREEDY PRICKS!! = WE NEVER FORGET WE NEVER FORGIVE * EXPECT BITCOINERS!! * "
|
©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
|
|
|
Wind_FURY
Legendary
Offline
Activity: 3052
Merit: 1908
|
|
November 29, 2019, 07:30:32 AM |
|
...Atack decred costs 20X more than taking control of bitcoin in a 51% attack...
Honestly, one should be more afraid of the chance solar flares will ruin internet infrastructure before worrying about Decred having a contentious chain split.
Thank you very much for all these detailed answers and all the additional info both of you have provided. I have asked these questions because the explanation that nobody will fork Decred because of the high costs, somehow doesn't convince me. We have seen already that in crypto space people are able to lose millions of dollars just to stand up and prove something to someone (hash wars). You're right, I'm not convinced. Because the in nature of cryptocurrency networks is its immutability. Once forked/changed, everyone is expected to follow, it can't be unchanged. But what about the part of the community who didn't want those changes? Plus what if they're right?
|
| .SHUFFLE.COM.. | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | . ...Next Generation Crypto Casino... |
|
|
|
Net-chain
Copper Member
Jr. Member
Offline
Activity: 68
Merit: 1
NTX developer
|
|
December 02, 2019, 02:52:15 AM Last edit: December 03, 2019, 03:16:41 AM by Net-chain |
|
Check staking rewards, stats, ROI. POS earning calculator.
|
|
|
|
EmilioMann
Legendary
Offline
Activity: 2184
Merit: 1028
#mitandopelomundo
|
|
December 10, 2019, 05:22:25 PM |
|
November's issue of the Decred Journal is out now! Check it out for updates on DEX development, v1.5.0, approval of the Latam marketing initiative, a series of blog posts about LightningNetwork ticket splitting, and packed Media and External sections. https://medium.com/decred/decred-journal-november-2019-3f4a5d0ad6de
|
|
|
|
KawaBunGa
|
|
December 11, 2019, 02:12:33 AM |
|
156.91 DCR for a ticket What the hell?
|
|
|
|
JanpriX
|
|
December 11, 2019, 05:31:27 AM |
|
156.91 DCR for a ticket What the hell? Current ticket price is 158.01 DCR as per Dcrstats.com and I think this will greatly increase in the coming days. It's quite interesting to see that it's only on the 124.37 DCR per ticket last December 4 and now jumped to that number today. What's the reason behind this?
|
|
|
|
|
KawaBunGa
|
|
December 11, 2019, 12:34:49 PM |
|
So what? I don't see how it could affect the ticket price. The price of Decred itself, yes, but not the ticket price.
|
|
|
|
MrSunshine
|
|
December 13, 2019, 01:28:26 PM |
|
156.91 DCR for a ticket What the hell? Current ticket price is 158.01 DCR as per Dcrstats.com and I think this will greatly increase in the coming days. It's quite interesting to see that it's only on the 124.37 DCR per ticket last December 4 and now jumped to that number today. What's the reason behind this? The reason is supply and demand. If you look at the tickets bought on the PoS Ticket Price, DCR chart on dcrstats.com, you will notice ~1500 tickets were bought Dec 6th because the ticket price started going up. This is much more than the average ~700 a day, so the ticket prices spike to average this out. Also with over 51% of all DCR supply staked, there is just less room for tickets.
|
|
|
|
KawaBunGa
|
|
December 15, 2019, 04:18:26 AM |
|
156.91 DCR for a ticket What the hell? Current ticket price is 158.01 DCR as per Dcrstats.com and I think this will greatly increase in the coming days. It's quite interesting to see that it's only on the 124.37 DCR per ticket last December 4 and now jumped to that number today. What's the reason behind this? The reason is supply and demand. If you look at the tickets bought on the PoS Ticket Price, DCR chart on dcrstats.com, you will notice ~1500 tickets were bought Dec 6th because the ticket price started going up. This is much more than the average ~700 a day, so the ticket prices spike to average this out. Also with over 51% of all DCR supply staked, there is just less room for tickets. Yeah, I pretty much understand how the law of supply and demand works. But there were even greater spikes of volume throughout this year which didn't cause such increases in price. That's why I was a little surprised to see such price action. Maybe it's because there's more DCR in the market now, so the same movements happen on a larger scale.
|
|
|
|
IncludeBeer
Legendary
Offline
Activity: 1164
Merit: 1010
|
|
December 15, 2019, 01:34:56 PM |
|
156.91 DCR for a ticket What the hell? Current ticket price is 158.01 DCR as per Dcrstats.com and I think this will greatly increase in the coming days. It's quite interesting to see that it's only on the 124.37 DCR per ticket last December 4 and now jumped to that number today. What's the reason behind this? The reason is supply and demand. If you look at the tickets bought on the PoS Ticket Price, DCR chart on dcrstats.com, you will notice ~1500 tickets were bought Dec 6th because the ticket price started going up. This is much more than the average ~700 a day, so the ticket prices spike to average this out. Also with over 51% of all DCR supply staked, there is just less room for tickets. Yeah, I pretty much understand how the law of supply and demand works. But there were even greater spikes of volume throughout this year which didn't cause such increases in price. That's why I was a little surprised to see such price action. Maybe it's because there's more DCR in the market now, so the same movements happen on a larger scale. Could be. I'm betting its more due to the pool size being consistently full. Then, when spikes have occurred, it causes the difficult algo to geometrically up the price ->->-> big ass price spikes.
|
|
|
|
|
KawaBunGa
|
|
December 18, 2019, 07:39:24 AM |
|
156.91 DCR for a ticket What the hell? Current ticket price is 158.01 DCR as per Dcrstats.com and I think this will greatly increase in the coming days. It's quite interesting to see that it's only on the 124.37 DCR per ticket last December 4 and now jumped to that number today. What's the reason behind this? The reason is supply and demand. If you look at the tickets bought on the PoS Ticket Price, DCR chart on dcrstats.com, you will notice ~1500 tickets were bought Dec 6th because the ticket price started going up. This is much more than the average ~700 a day, so the ticket prices spike to average this out. Also with over 51% of all DCR supply staked, there is just less room for tickets. Yeah, I pretty much understand how the law of supply and demand works. But there were even greater spikes of volume throughout this year which didn't cause such increases in price. That's why I was a little surprised to see such price action. Maybe it's because there's more DCR in the market now, so the same movements happen on a larger scale. Could be. I'm betting its more due to the pool size being consistently full. Then, when spikes have occurred, it causes the difficult algo to geometrically up the price ->->-> big ass price spikes. I guess we're gonna see one of these "big ass price spikes" pretty soon, then
|
|
|
|
MrSunshine
|
|
December 18, 2019, 01:18:37 PM |
|
156.91 DCR for a ticket What the hell? Current ticket price is 158.01 DCR as per Dcrstats.com and I think this will greatly increase in the coming days. It's quite interesting to see that it's only on the 124.37 DCR per ticket last December 4 and now jumped to that number today. What's the reason behind this? The reason is supply and demand. If you look at the tickets bought on the PoS Ticket Price, DCR chart on dcrstats.com, you will notice ~1500 tickets were bought Dec 6th because the ticket price started going up. This is much more than the average ~700 a day, so the ticket prices spike to average this out. Also with over 51% of all DCR supply staked, there is just less room for tickets. Yeah, I pretty much understand how the law of supply and demand works. But there were even greater spikes of volume throughout this year which didn't cause such increases in price. That's why I was a little surprised to see such price action. Maybe it's because there's more DCR in the market now, so the same movements happen on a larger scale. Could be. I'm betting its more due to the pool size being consistently full. Then, when spikes have occurred, it causes the difficult algo to geometrically up the price ->->-> big ass price spikes. I guess we're gonna see one of these "big ass price spikes" pretty soon, then Maybe not as big a spike, because fewer tickets were sold near top of the ticket prices compared to other times.
|
|
|
|
IncludeBeer
Legendary
Offline
Activity: 1164
Merit: 1010
|
|
December 18, 2019, 05:02:45 PM |
|
156.91 DCR for a ticket What the hell? Current ticket price is 158.01 DCR as per Dcrstats.com and I think this will greatly increase in the coming days. It's quite interesting to see that it's only on the 124.37 DCR per ticket last December 4 and now jumped to that number today. What's the reason behind this? The reason is supply and demand. If you look at the tickets bought on the PoS Ticket Price, DCR chart on dcrstats.com, you will notice ~1500 tickets were bought Dec 6th because the ticket price started going up. This is much more than the average ~700 a day, so the ticket prices spike to average this out. Also with over 51% of all DCR supply staked, there is just less room for tickets. Yeah, I pretty much understand how the law of supply and demand works. But there were even greater spikes of volume throughout this year which didn't cause such increases in price. That's why I was a little surprised to see such price action. Maybe it's because there's more DCR in the market now, so the same movements happen on a larger scale. Could be. I'm betting its more due to the pool size being consistently full. Then, when spikes have occurred, it causes the difficult algo to geometrically up the price ->->-> big ass price spikes. I guess we're gonna see one of these "big ass price spikes" pretty soon, then Maybe not as big a spike, because fewer tickets were sold near top of the ticket prices compared to other times. Isn't the rate of ticket voting constant? Like, 5/block I believe. Not sure what you mean by sold near the top. /ponder
|
|
|
|
|