[ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 227.

Jack Liver

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

zana

newbie

Activity: 40

Merit: 0

Quote from: Praxis on December 15, 2016, 06:03:38 AM

Quote from: zana on December 15, 2016, 04:03:12 AM

Quote from: dbt1033 on December 07, 2016, 10:42:41 AM

Quote from: Penttikuisma on December 07, 2016, 04:03:31 AM

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.

proletariat

legendary

Activity: 1246

Merit: 1005

Quote from: ?? on ??

Why are some people saying that February/2017 will be a promising time for Decred?
I own some coins, paid $1, expect the price to recover.

a) Devs will get to freely use 28% of the premine.
b) C0 built this project at $.50 rate per DCR - but I guess the market misbehaved Roll Eyes

c) We are at that level - floor maybe.
d) What to do with a sudden influx of 235,000 DCR
e) speculate freely

proletariat

legendary

Activity: 1246

Merit: 1005

Quote from: dbt1033 on December 06, 2016, 09:43:10 PM

Quote from: proletariat on December 06, 2016, 06:45:06 PM

Quote from: dbt1033 on December 06, 2016, 06:19:56 PM

Quote from: proletariat on December 06, 2016, 06:16:43 PM

Quote from: dbt1033 on December 06, 2016, 11:54:10 AM

The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.

well that is new Roll Eyes

... where did you get that from? If they were paying at a set rate of $.50 even when it was $2.5 that would mean a big fuck you to rest of us people buying on the exchanges.
Hope it is and always has been at market rate which would make sense else it is fuckin criminal. People aren't blind and the project has a good rep given the constant development but at what fuckin price are we getting that development? they are charging an outrageous premium if perpetual $.50 is the case, and if you add to that the fact that claymore farms are getting free dcr from mining eth then this shit is not close to the bottom, no even close.

inbefore the "claymore is not free dcr because it consumes more electrity" yeah big chinese farms interested in mining eth for profit have their full attention on ETH ... they are not going to say no to free dcr and autodump.. even dumping at 1 satoshi would be profit for them..

That's been known since the beginning... the devs can't sell their coins until Feb 2017 (when I'm expecting an uprise). How is it unfair? The dev team is paid in $DCR or has to buy $DCR with their own money. They just get a sweeter deal (the same deal you get now) because they are shouldering all of the work.

Dev team gets 10% from every block and have set an example around this context transparency wise with full accountability of how that is spent, I respect that, we're not used to that around this place.

Now my understanding was that their funding cost math resulted in $.50 / DCR, that was what it had costed them to produce everything til the mainnet genesis block. That set a precedent in terms of price discovery to let the market go wild like it is supposed to. I honestly do not remember reading about a perpetual set USD exchange rate for DCR coming out of the daily block subsidy for developers. That certainly is not fair for market participants.

It doesn't, that's for other things... Company 0 got the dev part of the premine. Devs are paid in Decred / buy their own Decred @ 50 cents. I could be wrong but that's my understanding.

Community outreach really sucks ass these days with _ingsoc being out of the picture.

Found the answer: https://forum.decred.org/threads/decred-constitution.424/

All proposals, both submitted and accepted, shall be made public one week after a proposal has been selected. Once the selection occurs, the associated RFP shall be removed. Contracted parties shall be paid exclusively in decred ("DCR") at the current effective DCR/USD rate at the time of payment, unless specifically noted otherwise.

I guess that settles it then. Didn't make sense otherwise.

Praxis

legendary

Activity: 1118

Merit: 1004

Quote from: zana on December 15, 2016, 04:03:12 AM

Quote from: dbt1033 on December 07, 2016, 10:42:41 AM

Quote from: Penttikuisma on December 07, 2016, 04:03:31 AM

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.

zana

newbie

Activity: 40

Merit: 0

Quote from: dbt1033 on December 07, 2016, 10:42:41 AM

Quote from: Penttikuisma on December 07, 2016, 04:03:31 AM

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?

sulfurtank

hero member

Activity: 592

Merit: 500

Quote from: proletariat on December 06, 2016, 06:45:06 PM

Quote from: dbt1033 on December 06, 2016, 06:19:56 PM

Quote from: proletariat on December 06, 2016, 06:16:43 PM

Quote from: dbt1033 on December 06, 2016, 11:54:10 AM

The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.

well that is new Roll Eyes

... where did you get that from? If they were paying at a set rate of $.50 even when it was $2.5 that would mean a big fuck you to rest of us people buying on the exchanges.
Hope it is and always has been at market rate which would make sense else it is fuckin criminal. People aren't blind and the project has a good rep given the constant development but at what fuckin price are we getting that development? they are charging an outrageous premium if perpetual $.50 is the case, and if you add to that the fact that claymore farms are getting free dcr from mining eth then this shit is not close to the bottom, no even close.

inbefore the "claymore is not free dcr because it consumes more electrity" yeah big chinese farms interested in mining eth for profit have their full attention on ETH ... they are not going to say no to free dcr and autodump.. even dumping at 1 satoshi would be profit for them..

That's been known since the beginning... the devs can't sell their coins until Feb 2017 (when I'm expecting an uprise). How is it unfair? The dev team is paid in $DCR or has to buy $DCR with their own money. They just get a sweeter deal (the same deal you get now) because they are shouldering all of the work.

Dev team gets 10% from every block and have set an example around this context transparency wise with full accountability of how that is spent

How is that unfair? U douche, how is miners rape unfair? The idea of charging miners seems to have been copied from Zcash business model which assumes u can profit off miner rewards without having done anything or anyhow contributed to the development. If that's true that they are getting paid in DCR, chances are that they may and will sell personal stake on the open market. I think they will do it under the pretence that conversion from DCR to BTC will allow for hedging against instability in DCR markets. It's safe to assume that the upmove may indeed take place over the next few months otherwise they wouldn't be able to sell. U shouldn't really care what they charge, if it's 50 cents or higher, just wait for them to baloon the price and sell at peak.

Penttikuisma

full member

Activity: 157

Merit: 100

Lot's of updates coming with 0.7.0

Jack Liver

legendary

Activity: 1981

Merit: 1039

Quote from: Alexoz on December 08, 2016, 08:54:36 PM

Buying Decred before it's too late, and keep staking it ^_^ That's my fact!

V0.7.0 66% includes Decrediton cross-platform GUI for Decred using Electron https://github.com/decred/decrediton/milestone/2

now is at 72% and the dcrwallet gets a bunch of fixes Grin

https://github.com/decred/dcrwallet/milestone/11

92% complete

Alexoz

sr. member

Activity: 248

Merit: 250

One World

Whales are conscious, they were waiting for that time... I've seen again a 50Btc wall at 50k last days

First uptrend since a while as well!

Praxis

legendary

Activity: 1118

Merit: 1004

Finally some price action. It doesn't seem to be a response to news. Just one person accumulating I guess?

Alexoz

sr. member

Activity: 248

Merit: 250

One World

Buying Decred before it's too late, and keep staking it ^_^ That's my fact!

V0.7.0 66% includes Decrediton cross-platform GUI for Decred using Electron https://github.com/decred/decrediton/milestone/2

Hyperjacked

legendary

Activity: 1610

Merit: 1119

It's all mathematics...!

Quote from: jcv on December 07, 2016, 03:52:44 PM

Quote from: MarSas on December 07, 2016, 03:49:33 PM

There is also the option to stake coins.

Fine, there is that too

But that still falls into the same options everyone has.

But...? What do you think? Smart tokens...? aka tokens...or maybe smart contracts... Shocked

Disclaimer : ... Grin

proletariat

legendary

Activity: 1246

Merit: 1005

Quote from: jcv on December 07, 2016, 12:54:21 PM

The devs have to mine decred or buy them on exchanges just like everyone else. We don't have any special way to get them.

So the dev block subsidy is only for RfPs?

*EDIT*

Also, could you clarify dbt1033's understanding that DCR payments are made at a fixed rate of fifty cents independent from market price?

jcv

jr. member

Activity: 34

Merit: 1

Quote from: MarSas on December 07, 2016, 03:49:33 PM

There is also the option to stake coins.

Fine, there is that too

But that still falls into the same options everyone has.

MarSas

hero member

Activity: 574

Merit: 500

There is also the option to stake coins.

jcv

jr. member

Activity: 34

Merit: 1

Quote from: dbt1033 on December 06, 2016, 09:43:10 PM

Quote from: proletariat on December 06, 2016, 06:45:06 PM

Quote from: dbt1033 on December 06, 2016, 06:19:56 PM

Quote from: proletariat on December 06, 2016, 06:16:43 PM

Quote from: dbt1033 on December 06, 2016, 11:54:10 AM

The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.

well that is new Roll Eyes

... where did you get that from? If they were paying at a set rate of $.50 even when it was $2.5 that would mean a big fuck you to rest of us people buying on the exchanges.
Hope it is and always has been at market rate which would make sense else it is fuckin criminal. People aren't blind and the project has a good rep given the constant development but at what fuckin price are we getting that development? they are charging an outrageous premium if perpetual $.50 is the case, and if you add to that the fact that claymore farms are getting free dcr from mining eth then this shit is not close to the bottom, no even close.

inbefore the "claymore is not free dcr because it consumes more electrity" yeah big chinese farms interested in mining eth for profit have their full attention on ETH ... they are not going to say no to free dcr and autodump.. even dumping at 1 satoshi would be profit for them..

That's been known since the beginning... the devs can't sell their coins until Feb 2017 (when I'm expecting an uprise). How is it unfair? The dev team is paid in $DCR or has to buy $DCR with their own money. They just get a sweeter deal (the same deal you get now) because they are shouldering all of the work.

Dev team gets 10% from every block and have set an example around this context transparency wise with full accountability of how that is spent, I respect that, we're not used to that around this place.

Now my understanding was that their funding cost math resulted in $.50 / DCR, that was what it had costed them to produce everything til the mainnet genesis block. That set a precedent in terms of price discovery to let the market go wild like it is supposed to. I honestly do not remember reading about a perpetual set USD exchange rate for DCR coming out of the daily block subsidy for developers. That certainly is not fair for market participants.

It doesn't, that's for other things... Company 0 got the dev part of the premine. Devs are paid in Decred / buy their own Decred @ 50 cents. I could be wrong but that's my understanding.

Community outreach really sucks ass these days with _ingsoc being out of the picture.

The devs have to mine decred or buy them on exchanges just like everyone else. We don't have any special way to get them.

dbt1033

legendary

Activity: 1274

Merit: 1000

Quote from: Penttikuisma on December 07, 2016, 04:03:31 AM

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.

Penttikuisma

full member

Activity: 157

Merit: 100

Maybe we have the cross-platform wallet with 0.7.0 release:

Decrediton : https://github.com/decred/decrediton/milestone/2

Main release : https://github.com/decred/dcrd/milestone/12

Penttikuisma

full member

Activity: 157

Merit: 100

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."

Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 227. (Read 1201327 times)