Pages:
Author

Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 16. (Read 1201096 times)

legendary
Activity: 1932
Merit: 1005
i just have 1 thing bad about DCR and that is that i didn't hold more of them , i choose to buy an asic for DCR , we all know how that ended , but slowly i will get them back , so all that marketing is bad for my portfilio , just joking , hoping all the best for DCR
member
Activity: 616
Merit: 11
Next month, decredproject BR will help a young team of students working in the field of robotics to get to Brazil at the Latin American Robotics Competition PINGUIMBOTS , will sponsor their trip



legendary
Activity: 3066
Merit: 1115
If you're in SF next Tuesday, come at
Coinbase HQ to learn about privacy implementations with Jake Yocom-Piatt.

https://www.meetup.com/pt-BR/San-Francisco-Decred-Meetup/events/264917644






I'm gonna go on Monday at starfish when he's speaking to the SF bitcoin meet up. Feel like there might be some better critical discussion there. The ones I've been to at Coinbase custody didn't seem to have a lot of skeptics in the audience. Also I like to play basketball on Tuesdays.
legendary
Activity: 2184
Merit: 1028
#mitandopelomundo
If you're in SF next Tuesday, come at
Coinbase HQ to learn about privacy implementations with Jake Yocom-Piatt.

https://www.meetup.com/pt-BR/San-Francisco-Decred-Meetup/events/264917644




hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*

Can't stop the Decred train!
Choo Choo motherfuckers!  Cool



 Roll Eyes

you really need to steal my one liners too? :\ hmmm
legendary
Activity: 1164
Merit: 1010
Treasury outputs will be programmatically granted by ticket holders, such that contractors are paid for the work they perform.
Take a look at the several existing examples of this happening through Politeia. The DEX alone is a significant effort that got approved by voters, with significant funds being released to pay for that work. The only difference now is Treasury payments are still submitted to the chain by a Company 0 person (if and after being approved through Politeia).

Can't stop the Decred train!
Choo Choo motherfuckers!  Cool

Edit:
Quote
In August the Treasury received 15,278 DCR and spent 8,223 DCR. Using August’s daily average DCR/USD rate of $26.23, this is $401K received and $216K spent. As these payments were for work completed in July, it is also informative to consider them in the context of the July average daily rate of $28.97 — in which case the USD spent figure is $238K. As of Aug 9, Treasury balance is 638K DCR (15.8 million USD at $24.80).

Sauce: https://medium.com/decred/decred-journal-august-2019-43626ee68ff
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
If you received the confirmation email, then you already had your seed.
It appeared in the first few steps when you typed the commands into the terminal.
Probably, you didn't read everything and deleted them.
Once deleted it is impossible to recover them and it was written there.
Again: If you have reached the confirmation email, then you received  your seed before together with the wallet address but you didn't see
The fault of having lost is your that did not read all the text that received in the terminal.
Do you want me to draw a picture for you to understand easier?

bullshit , i asked for help when i received my confirmation email...read back many posts i was "accepted" for the airdrop ...nows wheres my fucking coins?
fair voting??  Roll Eyes  my lord you must be on crack!!

i must be here just to entertain you? ...hmmm



Putting aside the details of devs staking the premine and vote losers still being able to fork away, this was my main point in the previous page:

Quote
If Bitcoin used this system then Barry Silbert would have activated segwit2x in like thirty seconds, and I'm not sure that's a good thing. Apparently the market as a whole is skeptical as well that Decred is "bitcoin upgraded" considering it's price versus BTC has dropped by over 50% in the last six months. 

I just don't think the market as a whole considers any "governance" structure as better, whether it's the eth benevolent dictator model, Monero's technocratic approach, Decred richest holders decide, or anything else. Yes, the market can remain irrational longer than you can remain solvent, but I think the market tends towards the best choice, and looking at a time period of 3-5 years now that choice is clearly bitcoin.

True enough, historically! I expect sentiments will shift after Politeia's value is demonstrated a few times over sufficiently 'difficult' or 'controversial' decisions need to be made. Plus, once the Treasury (dev fund) is truly decentralized, and solely ticket holders have the power of releasing those funds, well that will be something special I think. IMO, the self-sustaining feature on this SoV coin will prove itself to be highly-valuable in the years to come.

dev fund will become "legal defense fund" Wink wait for it.
legendary
Activity: 2898
Merit: 1823
LOL the fudders decided to make a coordinated attack.
As has been said a thousand times before, but gembitz e jwinterm ignore, the premine was distributed via airdrop to the community and the other half was not for "the developers" but for the "development fund", which is also used to pay marketing, designers, events, etc.

About the vote, you must also have more than 60% of your total votes for your proposal to be validated.
You may have the most votes "yes", but if many of the other people clicked "no" on your proposal, you will need more votes to reach 60% of the total (yes+no).


Please don't do that. Taking the easy way out of the debate by shouting "FUD". Remember, that in Decred, changes/new features that were voted, and hard forked in the network, cannot simply be changed back to the state it was in before.

I believe when Decred becomes large enough, it will also go through the same problems that Bitcoin did, like the "scaling debate".
newbie
Activity: 15
Merit: 0
Putting aside the details of devs staking the premine and vote losers still being able to fork away, this was my main point in the previous page:

Quote
If Bitcoin used this system then Barry Silbert would have activated segwit2x in like thirty seconds, and I'm not sure that's a good thing. Apparently the market as a whole is skeptical as well that Decred is "bitcoin upgraded" considering it's price versus BTC has dropped by over 50% in the last six months. 

I just don't think the market as a whole considers any "governance" structure as better, whether it's the eth benevolent dictator model, Monero's technocratic approach, Decred richest holders decide, or anything else. Yes, the market can remain irrational longer than you can remain solvent, but I think the market tends towards the best choice, and looking at a time period of 3-5 years now that choice is clearly bitcoin.

Yeah I agree with you, bitcoin is cleary #1 choice but Decred will be #2 SoV coin considering its potential.
legendary
Activity: 1164
Merit: 1010
Putting aside the details of devs staking the premine and vote losers still being able to fork away, this was my main point in the previous page:

Quote
If Bitcoin used this system then Barry Silbert would have activated segwit2x in like thirty seconds, and I'm not sure that's a good thing. Apparently the market as a whole is skeptical as well that Decred is "bitcoin upgraded" considering it's price versus BTC has dropped by over 50% in the last six months. 

I just don't think the market as a whole considers any "governance" structure as better, whether it's the eth benevolent dictator model, Monero's technocratic approach, Decred richest holders decide, or anything else. Yes, the market can remain irrational longer than you can remain solvent, but I think the market tends towards the best choice, and looking at a time period of 3-5 years now that choice is clearly bitcoin.

True enough, historically! I expect sentiments will shift after Politeia's value is demonstrated a few times over sufficiently 'difficult' or 'controversial' decisions need to be made. Plus, once the Treasury (dev fund) is truly decentralized, and solely ticket holders have the power of releasing those funds, well that will be something special I think. IMO, the self-sustaining feature on this SoV coin will prove itself to be highly-valuable in the years to come.
legendary
Activity: 3066
Merit: 1115
Putting aside the details of devs staking the premine and vote losers still being able to fork away, this was my main point in the previous page:

Quote
If Bitcoin used this system then Barry Silbert would have activated segwit2x in like thirty seconds, and I'm not sure that's a good thing. Apparently the market as a whole is skeptical as well that Decred is "bitcoin upgraded" considering it's price versus BTC has dropped by over 50% in the last six months. 

I just don't think the market as a whole considers any "governance" structure as better, whether it's the eth benevolent dictator model, Monero's technocratic approach, Decred richest holders decide, or anything else. Yes, the market can remain irrational longer than you can remain solvent, but I think the market tends towards the best choice, and looking at a time period of 3-5 years now that choice is clearly bitcoin.
legendary
Activity: 2184
Merit: 1028
#mitandopelomundo
If you received the confirmation email, then you already had your seed.
It appeared in the first few steps when you typed the commands into the terminal.
Probably, you didn't read everything and deleted them.
Once deleted it is impossible to recover them and it was written there.
Again: If you have reached the confirmation email, then you received  your seed before together with the wallet address but you didn't see
The fault of having lost is your that did not read all the text that received in the terminal.
Do you want me to draw a picture for you to understand easier?
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
What exactly was inaccurate in what I said? I would guess most users that received the airdrop don't have a computer on 24 hours a day with a high reliability internet connection. There's a big spike up in ticket price visible on the all time chart here https://dcrstats.com/ around early 2017 followed by a slight change in slope upwards which would be my guess as to when the stake pool software was released allowing broader participation.

It's inaccurate to say that devs were the only one able to stake from the start, a basic dsl connection worked just fine. But sure you needed a PC.  I'm not sure which big spike you are referring to but the switch to a more steady slope correspond to the activation of the first change in consensus rules voted to switch the ticket pricing algorithm, (sdiffalgorithm )  which was known for having crazy oscillation. In fact you can see pretty clearly on that chart  that if you remove the spikes caused by that algorithm early on,  the mean price is a pretty linear slope since voting started. You can find the details on the initial algorithm and the proposed change here: https://github.com/decred/dcps/blob/master/dcp-0001/dcp-0001.mediawiki

these "devs" have their heads so far up their own asses that they couldn't even spent 5 minutes to show me how to generate a seed to receive my airdrop coins, now what makes you think they would allow control of the majority of voting power to anyone but themselves and bittrex/poloniex exchange insider overlords..stop and think :\ pfft meh ego gets rekt

===> censorship is key to control this dialog.
legendary
Activity: 1164
Merit: 1010
The claim to the voting system is not entirely clear. Look at the distribution of DCR coins by wallets - “small” holders can, and without any difficulties, create a group of votes that will easily lead the vote in their favor.

Not sure what you mean..."small" holders still must lock their DCR for tickets. Only tickets vote, and the price of tickets is tightly associated with how many are currently "live" on the network.
It is not the case that people can "create a group of votes that will easily lead the vote in their favor" without putting in the requisite funds to buy the tickets first.
Skin in the game is what counts here. Smaller holders have less skin in, thus cannot sway results as described.
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
LOL the fudders decided to make a coordinated attack.
As has been said a thousand times before, but gembitz e jwinterm ignore, the premine was distributed via airdrop to the community and the other half was not for "the developers" but for the "development fund", which is also used to pay marketing, designers, events, etc.

About the vote, you must also have more than 60% of your total votes for your proposal to be validated.
You may have the most votes "yes", but if many of the other people clicked "no" on your proposal, you will need more votes to reach 60% of the total (yes+no).
LOL the paid pumpers GOGOGOOOO!! Wink when phishing airdrop 2.0??
legendary
Activity: 3752
Merit: 1864
The claim to the voting system is not entirely clear. Look at the distribution of DCR coins by wallets - “small” holders can, and without any difficulties, create a group of votes that will easily lead the vote in their favor.
legendary
Activity: 3066
Merit: 1115
No you can do it yourself....

I thought the devs started staking from day one, and there wasn't any stake pool software available for quite some time, and they were staking the premine, so they basically collected all staking rewards for the first six or twelve months.

Your argument is basically that nobody but the devs could mine Bitcoin until late 2010, because the was no mining pool.  But all you needed was an online PC and internet access,  just like with Decred.

Anyway,  I guess  you don't really care about any of this,  so I'm out..

Ok, I was wrong about day one, however they still had a substantial advantage over miners and airdrop receivers by staking the premine from the first available opportunity, at a time when most people without vps wouldn't bother to stake.

My argument is more like Satoshi had a significant advantage over other miners because of the 10% premine he had (or course not) taken.

Anyways, I more think the governance structure kind of sucks regardless of the premine.
newbie
Activity: 6
Merit: 0
No you can do it yourself....

I thought the devs started staking from day one, and there wasn't any stake pool software available for quite some time, and they were staking the premine, so they basically collected all staking rewards for the first six or twelve months.

Your argument is basically that nobody but the devs could mine Bitcoin until late 2010, because the was no mining pool.  But all you needed was an online PC and internet access,  just like with Decred.

Anyway,  I guess  you don't really care about any of this,  so I'm out..
legendary
Activity: 3066
Merit: 1115
You're putting words in my mouth.
newbie
Activity: 6
Merit: 0
What exactly was inaccurate in what I said? I would guess most users that received the airdrop don't have a computer on 24 hours a day with a high reliability internet connection. There's a big spike up in ticket price visible on the all time chart here https://dcrstats.com/ around early 2017 followed by a slight change in slope upwards which would be my guess as to when the stake pool software was released allowing broader participation.

It's inaccurate to say that devs were the only one able to stake from the start, a basic dsl connection worked just fine. But sure you needed a PC.  I'm not sure which big spike you are referring to but the switch to a more steady slope correspond to the activation of the first change in consensus rules voted to switch the ticket pricing algorithm, (sdiffalgorithm )  which was known for having crazy oscillation. In fact you can see pretty clearly on that chart  that if you remove the spikes caused by that algorithm early on,  the mean price is a pretty linear slope since voting started. You can find the details on the initial algorithm and the proposed change here: https://github.com/decred/dcps/blob/master/dcp-0001/dcp-0001.mediawiki
Pages:
Jump to: