[ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 228.

proletariat

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Quote from: jcv on December 07, 2016, 11:54:21 AM

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

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Quote from: MarSas on December 07, 2016, 02:49:33 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

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There is also the option to stake coins.

jcv

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Quote from: dbt1033 on December 06, 2016, 08:43:10 PM

Quote from: proletariat on December 06, 2016, 05:45:06 PM

Quote from: dbt1033 on December 06, 2016, 05:19:56 PM

Quote from: proletariat on December 06, 2016, 05:16:43 PM

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

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

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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

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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."

dbt1033

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Quote from: proletariat on December 06, 2016, 05:45:06 PM

Quote from: dbt1033 on December 06, 2016, 05:19:56 PM

Quote from: proletariat on December 06, 2016, 05:16:43 PM

Quote from: dbt1033 on December 06, 2016, 10:54:10 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.

proletariat

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Quote from: dbt1033 on December 06, 2016, 05:19:56 PM

Quote from: proletariat on December 06, 2016, 05:16:43 PM

Quote from: dbt1033 on December 06, 2016, 10:54:10 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.

dbt1033

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Quote from: proletariat on December 06, 2016, 05:16:43 PM

Quote from: dbt1033 on December 06, 2016, 10:54:10 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.

proletariat

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Quote from: dbt1033 on December 06, 2016, 10:54:10 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 with cheap electricity 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..

dbt1033

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Activity: 1274

Merit: 1000

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.

Alexoz

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One World

Double bottom??? Not really... Sad

IncludeBeer

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Quote from: lordoliver on December 04, 2016, 03:05:18 PM

Quote from: Dcrstats on December 04, 2016, 03:01:15 PM

It's important to understand that early investors didn't pay for their tokens. They received them for free based on their contribution with the rate 1 EFT = 90.64 DCR

And 1 token gives you only 0.0025% (1000 EFT = 2.5%) of the total Evolution profit (all time subsidy from PoS), which is not that many as you may think unless Decred didn't hit a 10$ / 100$ level.

Can you send me a link to the initial post? Didn't get any email or something...

Only a few pages back Cheesy

https://bitcointalksearch.org/topic/anndcr-decred-community-governance-bitcoin-devs-lightning-network-1290358

keyboard warrior

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Quote from: Dcrstats on December 04, 2016, 01:52:18 PM

Quote from: lordoliver on December 04, 2016, 01:36:40 PM

is there any exchange already listing them or how can one buy it?

We will launch our own exchange DCR / BTC and EFT / DCR. Of course, any other exchange will be free to list this asset as well. But our goal is our own exchange, because in future we want to allow users deposit not only DCR, but also BTC (and maybe even ETH) to start staking, so we will automatically buy DCR for them. Something like our clone of Shapeshift for Decred will be a perfect experience for our miners and new investors.

Will you be buying insurance in case it gets hacked? Shapeshift was hacked, and half the regular exchanges have been hacked too. Coinbase and gemini are the only exchanges I know that claim to be insured, and it's expensive. Can you afford insurance, or to pay for all the losses from a hack yourself as shapeshift did?

lordoliver

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expect(brain).toHaveBeenUsed()

Quote from: Dcrstats on December 04, 2016, 03:01:15 PM

It's important to understand that early investors didn't pay for their tokens. They received them for free based on their contribution with the rate 1 EFT = 90.64 DCR

And 1 token gives you only 0.0025% (1000 EFT = 2.5%) of the total Evolution profit (all time subsidy from PoS), which is not that many as you may think unless Decred didn't hit a 10$ / 100$ level.

Can you send me a link to the initial post? Didn't get any email or something...

Dcrstats

hero member

Activity: 714

Merit: 529

It's important to understand that early investors didn't pay for their tokens. They received them for free based on their contribution with the rate 1 EFT = 90.64 DCR

And 1 token gives you only 0.0025% (1000 EFT = 2.5%) of the total Evolution profit (all time subsidy from PoS), which is not that many as you may think unless Decred didn't hit a 10$ / 100$ level.

lordoliver

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expect(brain).toHaveBeenUsed()

Quote from: LiskQH on December 04, 2016, 02:48:33 PM

I want to increase the share. I want to buy your ETF tokens at the price 370 DCR for 1 ETF. Write me to PM.

Or you keep up some decentralization and sell them to me, because I don't have any.

LiskQH

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I want to increase the share. I want to buy your ETF tokens at the price 370 DCR for 1 ETF. Write me to PM.

Dcrstats

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Quote from: lordoliver on December 04, 2016, 01:36:40 PM

is there any exchange already listing them or how can one buy it?

We will launch our own exchange DCR / BTC and EFT / DCR. Of course, any other exchange will be free to list this asset as well. But our goal is our own exchange, because in future we want to allow users deposit not only DCR, but also BTC (and maybe even ETH) to start staking, so we will automatically buy DCR for them. Something like our clone of Shapeshift for Decred will be a perfect experience for our miners and new investors.

Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 228. (Read 1201708 times)