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peonminer
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December 17, 2015, 03:03:17 AM
Last edit: December 17, 2015, 05:22:09 AM by peonminer |
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The premine consists of 8% of the total supply of 21 million coins, meaning the premine consists of 1.68 million coins. Rather than allocating the entire premine to the bring-up costs, we decided to split the premine equally between compensation for bring-up and an "airdrop", where we freely give an equal amount of coins to a number of airdrop participants. This means Company 0 and its developers will have put roughly USD 415,000 into the bring-up since April, 2014 and receive 4% of the total supply, 840,000 coins (at USD 0.49 per coin). The remaining 4% will be spread evenly across a list of airdrop participants as part of an effort to build the Decred network and decentralize its distribution. Coins held by Company 0 will be used to fund its ongoing work on open-source projects, such as Decred and btcsuite.
Giving away these coins in an airdrop allows us to accomplish several things at once for the project: enlarge the Decred network, further help decentralize the distribution of coins, and allow us to get coins into the hands of people who are interested in participating in the project. Decred is fundamentally about technological progress, so the airdrop will target individuals that have made contributions to advance technology in its various forms. The maximum number of airdrop participants is capped at 5,000 individuals, so we recommend registering sooner rather than later. These coins will be given away unconditionally and there is zero expectation of Decred receiving anything from you in return for these coins.
Sign up for the airdrop is currently open, but the airdrop registration will commence on January 4th, 2016. People who have been selected to participate in the airdrop will receive an email that contains a link to a web registration form. This form will require airdrop participants to enter an address to which their coins can be sent. Binaries and source code will be made available so that you can generate a wallet seed and an address for your airdrop coins. Once you have entered your receiving address into the airdrop webform and submitted it, you will receive your coins on the projected launch date of January, 18th, 2016.
Lemme get a dab of that airdrop devs   Signed up! |
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JimboToronto
Legendary
 Offline
Activity: 4004
Merit: 4468
You're never too old to think young.
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December 17, 2015, 03:56:54 AM |
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XMAS soon, time to buy these bits of coin and send them to loved ones.
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Donald Pump
Newbie
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Activity: 2
Merit: 0
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December 17, 2015, 03:58:17 AM |
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XMAS soon, time to buy these bits of coin and send them to loved ones.
u stole my line  |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2015, 04:00:41 AM |
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Alley
Legendary
Offline
Activity: 910
Merit: 1000
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December 17, 2015, 04:03:26 AM |
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So is this decred just another premined shitcoin for devs to dump and make money? But this time with a really terrible name to top it off?
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TERA
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December 17, 2015, 04:13:09 AM |
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Do you mean like Bitcoin?
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2015, 05:00:39 AM |
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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December 17, 2015, 05:11:53 AM
Last edit: December 17, 2015, 05:36:23 AM by r0ach |
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People trying to hold it at $450 but didn't really put enough effort into rigging the charts, so it's either a bear trap to squeeze shorts or a drop edit: bear trap  |
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suda123
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December 17, 2015, 05:25:08 AM |
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Probably an attempt to drop bitcoins price, start a new currency because XRP and eth are going to wreck shit idk. Or one final pump and dump using those people as endorsements |
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peonminer
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December 17, 2015, 05:31:05 AM |
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Ah the sweet cherub sound of shortz getting rekt
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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December 17, 2015, 05:31:40 AM |
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Ok...definitely a bear trap.
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Alley
Legendary
Offline
Activity: 910
Merit: 1000
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December 17, 2015, 05:35:22 AM |
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People seem to forget the big miners have to sell their coins to pay bills. They usually sell once a week so you will see these 600-1000 dumps that people scream "whale! Manipulator! Bears!". But its just the big miners selling. The market absorbs it and we keep moving up.
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TERA
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December 17, 2015, 05:53:42 AM |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2015, 06:00:36 AM |
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suda123
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December 17, 2015, 06:01:26 AM |
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People seem to forget the big miners have to sell their coins to pay bills. They usually sell once a week so you will see these 600-1000 dumps that people scream "whale! Manipulator! Bears!". But its just the big miners selling. The market absorbs it and we keep moving up.
"whale! Manipulator! Bears!". LOL LOL |
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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December 17, 2015, 06:10:19 AM |
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TERA
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December 17, 2015, 06:12:59 AM |
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People seem to forget the big miners have to sell their coins to pay bills. They usually sell once a week so you will see these 600-1000 dumps that people scream "whale! Manipulator! Bears!". But its just the big miners selling. The market absorbs it and we keep moving up.
People also forget that some daytraders make trades literally just so they can go to sleep so they have to close their position. |
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suda123
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December 17, 2015, 06:17:42 AM |
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How long is it going to take for the economy to collapse from the rate hike?
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TERA
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December 17, 2015, 06:34:12 AM |
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