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Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 226. (Read 1201327 times)

newbie
Activity: 40
Merit: 0
I would like to hear dev's comments to that.

This thread is about premine:  https://forum.decred.org/threads/the-projects-commitment.730/

"As Decred prepares to enter new waters, the project states the following publicly and unequivocally: No developer or project member will trade any of their bring-up DCR for 12 months (28%) and c0 will not trade any of its bring-up DCR for 24 months (72%). These funds are therefore ineligible for trading during that time. There has not been any activity on any market from these funds."


Yeah this is true, to my knowledge the devs haven't sold any of the decred they have been paid with.

Do you think that in February 2017 we will have an uprise in the price? Or it will be bigger at February 2018 when the C0 will be able to trade their coins?

I'm not following your logic here. What do you mean by "uprise"? Wouldn't the opposite effect be expected?
The sudden availability of more coins in circulation should translate to a decrease in price, if anything, no?
I would expect a decrease before that date, and around that date, and perhaps an increase some months after Feb 2018.
Because that's when the market can be more confident and less scared of influx of new coins in trade.

If we went by normal logic you would be correct. But what if they decide to invest more in marketing as they will be able to sell their coins and don't want to sell them at this price. They can give more visibility on the market of all the features the coin have and the hard work they been doing during this last year. Doing this the price will rise and they will be able to sell at a better price.
That is only my opinion and I can be wrong.
We all agree that Decred is very good coin, serious team behind and with huge potential.



You're right, I just assumed they would slowsly start selling their DCR, but if they don't do that, and invest in marketing etc. instead, we could see a sudden increase.
Haven't considered that option. I was guessing the programmers would just reward themselves for their hard work.
Anyway have no hurry. Will keep acumulating for the moment.
legendary
Activity: 1981
Merit: 1039
let's see for now what happens with the 0.7.0 tomorrow is the day  Grin
sr. member
Activity: 248
Merit: 250
One World
Way to go anyway, we need to go back around 300k sat!!! That's +400%, insane XD
hero member
Activity: 574
Merit: 500
legendary
Activity: 1118
Merit: 1004
Woah 17 DCR tickets, what happened there. 4800 in mempool at the moment, 1.4 DCR average fee for ticket  (which means they will pay around 0,7DCR to get a ticket) Cheesy  That's crazy.
hero member
Activity: 531
Merit: 500
AMD | Mining | NVIDIA
whats up with this coin... I heard that is excellent buy since 240 k... the current price is 4x lower and nobody knows where the real bottom will be...

The fundamentals haven't changed.  It was an excellent buy then and is now. 

This is why you average down. The lower we go, the more I buy.

ok, lets buy some more ;-)
More DCR - more profit later  Roll Eyes
member
Activity: 68
Merit: 10
whats up with this coin... I heard that is excellent buy since 240 k... the current price is 4x lower and nobody knows where the real bottom will be...

The fundamentals haven't changed.  It was an excellent buy then and is now. 

This is why you average down. The lower we go, the more I buy.

ok, lets buy some more ;-)
legendary
Activity: 1274
Merit: 1000
whats up with this coin... I heard that is excellent buy since 240 k... the current price is 4x lower and nobody knows where the real bottom will be...

The fundamentals haven't changed.  It was an excellent buy then and is now. 

This is why you average down. The lower we go, the more I buy.
member
Activity: 68
Merit: 10
whats up with this coin... I heard that is excellent buy since 240 k... the current price is 4x lower and nobody knows where the real bottom will be...
legendary
Activity: 1164
Merit: 1010
I just got the error

Code:
-22: TX rejected: transaction 61b94abfdc04a36ffa9fad5f689ae1dbce1b07405191270373c8d2eaf7a530c3 has 56123100 fee which is above the allowHighFee check threshold amount of 54000000

when trying to buy tickets.  Is there a way to raise the threshold the allowHighFee check is at?
legendary
Activity: 1610
Merit: 1119
It's all mathematics...!
http://www.newbium.com/markets/buysell/DCR.html

in the past days the demans was of 45-50BTC or so now is 91BTC also the supply of 143k DCR is a very limited amount even on the only PoW mined amount of 1,5Mio.


Yes sir! I doubt I'm the only one accumulating... Cool
legendary
Activity: 1981
Merit: 1039
http://www.newbium.com/markets/buysell/DCR.html

in the past days the demans was of 45-50BTC or so now is 91BTC also the supply of 143k DCR is a very limited amount even on the only PoW mined amount of 1,5Mio.
sr. member
Activity: 248
Merit: 250
One World
The sell side is so thin, the fomo will be unreal when the maker makes his play

Yer didn't really change since 2 months ey
legendary
Activity: 1274
Merit: 1000
The sell side is so thin, the fomo will be unreal when the maker makes his play
hero member
Activity: 574
Merit: 500
The page seems to be stuck at block 89931.

https://stats.decred.org/
full member
Activity: 157
Merit: 100
I'll buy more, development is very good!

Development is good. As following Github, there's lot's of updates coming in next versions, ticketbuyer is integrated to dcrwallet, Paymetheus get lot's of updates, etc, etc. And soon also brand new GUI-wallet. Waiting with interest for the marketing push, that was mentioned before.
legendary
Activity: 1981
Merit: 1039
for february or so at this rate of development DCR can be to the 1.0 with an annual inflation drop to 54%

Code:
Year   Coin supply         Inflation
  1 470426769731536 180.015934364
  2 725516828588937 54.2252429646
  3 940676990098927 29.6561227847
  4 1122157371491044 19.2925290299
  5 1275229809050507 13.6409064761
  6 1404340975270235 10.1245411065
  7 1513241532111717 7.75456664437
  8 1605095069693740 6.06998523586
  9 1682569994083979 4.82681218409
 10 1747913757492611 3.88356880477
 11 1803028628435353 3.15318022451
 12 1849516235066977 2.578306628
 13 1888726978324850 2.12005401815
 14 1921799891692961 1.75106904003
 15 1949695723833590 1.45154718039
 16 1973224843465019 1.20680982903
 17 1993070776474089 1.00576135937
 18 2009810059460965 0.839873986637
 19 2023928395353035 0.702471152715
 20 2035836535103161 0.588367640746

This give a better picture to what to expect in relation to the price.
Good post!!!


if you consider that PoS miners have the tendecy to keep DCR away from market due lock-up for ticket buying and only 60% of coins goes to PoW miners ( accused of being dumpers ) the total of mined DCR for year 2017 are only 1,5Mio so the effect of inflation of mining is roughly 35% instead of 54%  Grin

legendary
Activity: 1118
Merit: 1004
I would like to hear dev's comments to that.

This thread is about premine:  https://forum.decred.org/threads/the-projects-commitment.730/

"As Decred prepares to enter new waters, the project states the following publicly and unequivocally: No developer or project member will trade any of their bring-up DCR for 12 months (28%) and c0 will not trade any of its bring-up DCR for 24 months (72%). These funds are therefore ineligible for trading during that time. There has not been any activity on any market from these funds."


Yeah this is true, to my knowledge the devs haven't sold any of the decred they have been paid with.

Do you think that in February 2017 we will have an uprise in the price? Or it will be bigger at February 2018 when the C0 will be able to trade their coins?

I'm not following your logic here. What do you mean by "uprise"? Wouldn't the opposite effect be expected?
The sudden availability of more coins in circulation should translate to a decrease in price, if anything, no?
I would expect a decrease before that date, and around that date, and perhaps an increase some months after Feb 2018.
Because that's when the market can be more confident and less scared of influx of new coins in trade.

If we went by normal logic you would be correct. But what if they decide to invest more in marketing as they will be able to sell their coins and don't want to sell them at this price. They can give more visibility on the market of all the features the coin have and the hard work they been doing during this last year. Doing this the price will rise and they will be able to sell at a better price.
That is only my opinion and I can be wrong.
We all agree that Decred is very good coin, serious team behind and with huge potential.



You're right, I just assumed they would slowsly start selling their DCR, but if they don't do that, and invest in marketing etc. instead, we could see a sudden increase.
Haven't considered that option. I was guessing the programmers would just reward themselves for their hard work.
legendary
Activity: 1981
Merit: 1039
the actual supply is a bit smaller i don't know if someone noticed we are near 120k DCR under the expected supply because of the portion of missed tickets (?)  Wink

newbie
Activity: 40
Merit: 0
for february or so at this rate of development DCR can be to the 1.0 with an annual inflation drop to 54%

Code:
Year   Coin supply         Inflation
  1 470426769731536 180.015934364
  2 725516828588937 54.2252429646
  3 940676990098927 29.6561227847
  4 1122157371491044 19.2925290299
  5 1275229809050507 13.6409064761
  6 1404340975270235 10.1245411065
  7 1513241532111717 7.75456664437
  8 1605095069693740 6.06998523586
  9 1682569994083979 4.82681218409
 10 1747913757492611 3.88356880477
 11 1803028628435353 3.15318022451
 12 1849516235066977 2.578306628
 13 1888726978324850 2.12005401815
 14 1921799891692961 1.75106904003
 15 1949695723833590 1.45154718039
 16 1973224843465019 1.20680982903
 17 1993070776474089 1.00576135937
 18 2009810059460965 0.839873986637
 19 2023928395353035 0.702471152715
 20 2035836535103161 0.588367640746

This give a better picture to what to expect in relation to the price.
Good post!!!
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