Topic: [2015-12-29] Decred: An Innovative Cryptocurrency or A Well Arranged Scam? (Read 532 times)
December 30, 2015, 03:41:57 AM
I wonder how do they get the fund to develop the coin? If it just fixes the weak point of bitcoin, they can do it to bitcoin directly.
December 29, 2015, 11:27:36 AM
Lets see... my alt-coin fraud alert is ringing.
Just checked their website, no listing of who is involved - is it some closely held secret? Why?
Oh, and here's a kicker - 4% distribution to select people - just because...
So, if you don't have the "right stuff" you don't get any free monies... yeah, okay, good one. I'm not touching this with a 100-meter pole.
Instead of Decred, they should've called it "NoCred".
(Also, once sidechains get going, why even try to make a new alt all by itself anyway? Talk about reinventing the wheel...)
Just checked their website, no listing of who is involved - is it some closely held secret? Why?
Oh, and here's a kicker - 4% distribution to select people - just because...
Quote
Participation is open to anyone with progress in mind, however, the developers must be able to identify the Internet identity of participants to avoid abuse of the airdrop initiative. If you have contributed to the advancement of technology in its many forms, plan to, or are keen to participate in Decred, please ensure your URL links to material that demonstrates this.
So, if you don't have the "right stuff" you don't get any free monies... yeah, okay, good one. I'm not touching this with a 100-meter pole.
Instead of Decred, they should've called it "NoCred".
(Also, once sidechains get going, why even try to make a new alt all by itself anyway? Talk about reinventing the wheel...)
December 29, 2015, 08:15:51 AM
Decred: An Innovative Cryptocurrency or A Well Arranged Scam?
An alliance of developers have already begun work on a new cryptocurrency, Decred. The new currency is based upon the same Bitcoin model that was previously used with all other cryptocurrencies. However, Decred is saving the main technical features of Bitcoin and fixing all of the issues that Bitcoin had.
While the only clear contributors to the project are community-based such as are Github users, it can be assumed that the developers have a large amount of experience with Bitcoin development, and may even be the original Bitcoin Core developers.
Decred will serve as a hybridized proof-of-work/proof-of-stake consensus system that allows users to create a balance between proof-of-work miners and proof-of-stake users to develop a much more robust consensus.
http://cointelegraph.com/news/115972/decred-an-innovative-cryptocurrency-or-a-well-arranged-scam
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