Hello everybody, I've read the introduction and unfortunately I don't have time to read the entire thread right now. My question is following is there any information anywhere on what would be the business case for Decred. I see a lot of info on technical stuff but I'm curious about the business side. Who is the project targeted for, who are the end users, what are the typical use cases so to say and what is unique about Decred to make it really stand out from other blockchains and currrencies that seem to pop up right now like mushrooms after the rain ? I don't know about others but I just don't mine anything without fundamental understanding of everything behind the currency. The information given in the introduction is clearly not enough. This on the other hand was very informative for me
http://www.coindesk.com/morgan-stanley-positions-stock-medium-term-blockchain-earnings/Being in charge of foreign markets business development for the third largest money transfer company in the world i really understand what Morgan Stanley analysts are coming from predicting the future of blockchains. Whether we like it or not the future is for permissioned blockchains as a mainstream financial/settelement related instrument and some public blockchains with what I see to be quite limited uses just because nothing in the world could really go mainstream totally bypassing legislation/compliance/kyc and therefore governments. I want to be wrong on this, I really do. But please tell me more about Decred. I'm sure combining PoW with PoS isn't enough to make it succeed. Lots of respect for ehtical approach to development and self funding so to say, but that again isn't enough.
A currency is a currency. It doesn't need to be something other than a currency.
The only question is, if a crypto-currency offers any significant improvements over the Bitcoin crypto-currency in two fields:
1) tech;
2) governance.
Does Decred offer improvements in both fields: this is a matter of opinion of course, but my opinion is that yes, it does.
We can discuss those two points if you want. But a currency doesn't need to have a "target audience".
Only "scam/shit-coins" do that... "A coin for Trump supporters" - "A coin for My Little Pony enthusiasts" etc.
Or maybe I don't get what you mean exactly by "target audience"?
The target audience is anybody who wants to transfer money from A to B without wanting (to rely on) third-party interference.
That is potentially everyone, if they understand the advantage of this and are able to use the technology in day to day life.
Decred doesn't compete with Counterparty (or Ethereum, Lisk etc.) and related blockchain technolgies so it would be like comparing apples and oranges.
Decred doesn't try to invent something new but improve on the original Bitcoin decentralized crypto-currency idea. Or rather return to the original idea more authentically since we went through the Bitcoin experience and now we're in a better position to have ideas about what are the good and the bad parts about the way BTC is run.
At least that's how I see it, and why I believe in the project.