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

[Wind_FURY]

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.

[1715123005]

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[wwzsocki]

...There is no need to find just one utility and create a coin around it. The blockchain is there, use it any way you like.

I hope you are right and Decred will be strong enough to survive and stay for longer in the crypto space.

Of course, I am researching (refreshing my knowledge) about many projects which were famous in 2017.

I am really shocked that many of them are already dead, abandoned, delisted or just not developed anymore.

Luckily this is not the case for Decred and here the team and community seem to be strong.

...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?

[EmilioMann]

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-68bafeb4546f

https://medium.com/decred/decreds-hybrid-protocol-a-superior-deterrent-to-majority-attacks-9421bf486292

https://medium.com/decred/detailed-analysis-of-decred-fork-resistance-93022e0bcde7

[gembitz]

blah blah blah ===>

The purpose of decred is to be the best and safest store of value in the market.
In addition it also provides income not only for POW miners, but also for stakeholders through POS, privacy and amazing governance.
Satoshi created bitcoin to fuck the system and the banks.
All coins that appears for another purpose in a beautiful whitepaper turns out to be scam.
Cryptocoins were not created to save the planet, to help musicians, artists, gnomes, urea production and bla bla bla
Can the blockchain be used for other purposes? Yes, but it is up to the community entrepreneurs to start their business and make money from it.
There is no need to find just one utility and create a coin around it. The blockchain is there, use it any way you like.

===> DECRED TRIED TO TAKE AWAY MY PRIVACY!! <===

YES BITCOIN IS HERE TO HELP ARTISTS, MUSICIANS, & REAL PEOPLE!!!

ALL DECRED IS IS ANOTHER CENTRALIZED SHITCOIN. JUST LOOK AT THE RICHLIST!!! \_@@_/ NO REAL WORLD USE.

[IncludeBeer]

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-68bafeb4546f

https://medium.com/decred/decreds-hybrid-protocol-a-superior-deterrent-to-majority-attacks-9421bf486292

https://medium.com/decred/detailed-analysis-of-decred-fork-resistance-93022e0bcde7

Yes, 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]

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?

[EmilioMann]

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]

...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]

Point of fact: every "established" blockchain project has their own forum/chat....usually multiple. 

[gembitz]

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

stop 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!! * "

[Wind_FURY]

...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?

[Net-chain]

Decred has been listed at https://cointostake.com (staking statistics + monitoring)

Check staking rewards, stats, ROI. POS earning calculator.

[EmilioMann]

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]

156.91 DCR for a ticket  What the hell?

[JanpriX]

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?

[boomboom]

156.91 DCR for a ticket  What the hell?

Possible Binance USA listing


https://twitter.com/BinanceAmerica/status/1204619289757507585?s=19

[KawaBunGa]

156.91 DCR for a ticket  What the hell?

Possible Binance USA listing


https://twitter.com/BinanceAmerica/status/1204619289757507585?s=19

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]

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]

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]

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.