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Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 368. (Read 1201332 times)

hero member
Activity: 966
Merit: 550
wow...

this coin was difficult to mined  LOL

and from https://dcrstats.com/  i can see Dev subsidy: 3.1195 DCR  Huh what was taht ?

10% of the block reward goes the development fund.  A request for proposal is made to the community. If a person makes a proposal, it is approved, and when that person delivers the work, they get compensated in DCR for their work. It is a fund to encourage other people in the community besides the original dev team to start making improvements to this coin. Here is the link to the address with the disbursement fund. https://mainnet.decred.org/address/Dcur2mcGjmENx4DhNqDctW5wJCVyT3Qeqkx
At this moment nothing has been spent from this fund.
I am not certain who controls the private key for this address. I suppose that it could be subject to abuse.
Edit: I guess Decred Holdings Group LLC ("DHG"), a Nevis LLC controls the private key for the fund. They are an offshore corporation it appears. Not certain who the officers are at the moment, but probably the members of the current dev team.

thanks for the info, hummm this coin was innovative indeed LOL

Well, the code does not appear to a copy and past clone. So, I guess that is innovative in a way. However, I do not see a clear marketing strategy for this coin, ATM. Tinkering with code, and making improvements with code is great, but ATM, the only purpose of this coin seems to be trading on the exchange.

True, and that is also my concern. Lots of coins that had absolutely great ideas fell victim to a somewhat shut in/ivory tower approach focusing only on tech, without a solid PR plan. Look I am impressed with how Decred is holding up so far, but for any chance at mainstream succes they need to cool it on the techno babble and tell the story in layman's terms.

legendary
Activity: 1806
Merit: 1828
wow...

this coin was difficult to mined  LOL

and from https://dcrstats.com/  i can see Dev subsidy: 3.1195 DCR  Huh what was taht ?

10% of the block reward goes the development fund.  A request for proposal is made to the community. If a person makes a proposal, it is approved, and when that person delivers the work, they get compensated in DCR for their work. It is a fund to encourage other people in the community besides the original dev team to start making improvements to this coin. Here is the link to the address with the disbursement fund. https://mainnet.decred.org/address/Dcur2mcGjmENx4DhNqDctW5wJCVyT3Qeqkx
At this moment nothing has been spent from this fund.
I am not certain who controls the private key for this address. I suppose that it could be subject to abuse.
Edit: I guess Decred Holdings Group LLC ("DHG"), a Nevis LLC controls the private key for the fund. They are an offshore corporation it appears. Not certain who the officers are at the moment, but probably the members of the current dev team.

thanks for the info, hummm this coin was innovative indeed LOL

Well, the code does not appear to a copy and past clone. So, I guess that is innovative in a way. However, I do not see a clear marketing strategy for this coin, ATM. Tinkering with code, and making improvements with code is great, but ATM, the only purpose of this coin seems to be trading on the exchange.
hero member
Activity: 630
Merit: 500
I am not certain who controls the private key for this address. I suppose that it could be subject to abuse.

"a development organization"

  • Self-funded development via block subsidy - In order to have an ongoing source of funding for development work, a consensus rule has been added to allocate 10% of each block subsidy to a development organization. This entity is transparent and responsible for funding development work performed by current and new developers so that the project remains sustainable without a funding dependence on outside forces in the future. Decred therefore improves with growth in a sustainable way and is accountable only to its users.

Any more details anyone?
What if this key is lost or hacked and abuse (in future)?

Yeah, centralized control is shit. This is a major issue that needs to be addressed as a matter of urgency.
legendary
Activity: 1806
Merit: 1828
I am not certain who controls the private key for this address. I suppose that it could be subject to abuse.

"a development organization"

  • Self-funded development via block subsidy - In order to have an ongoing source of funding for development work, a consensus rule has been added to allocate 10% of each block subsidy to a development organization. This entity is transparent and responsible for funding development work performed by current and new developers so that the project remains sustainable without a funding dependence on outside forces in the future. Decred therefore improves with growth in a sustainable way and is accountable only to its users.

Any more details anyone?
What if this key is lost or hacked and abuse (in future)?

I guess, at that point, this coin and any bagholders will be SOL. They could change the code so that future subsidy goes to another address. However, with over 18000 coins and growing sitting in this account, I would think this would be more than a superficial blow to this coin's health. Of course, the dev team could do the right thing and reimburse the new subsidy account with some of the premine. The remedy would probably be too little too late, since a dumpfest would likely occur if this happened, with no chance of market recovery.
Does anyone have more info on how this fund is handled? I would pray that it is sitting in cold storage at the moment. I would also assume that the funds can be recovered with a seed, rather than the key. It would be pretty stupid to lose both the private key and the seed.  Roll Eyes
legendary
Activity: 1456
Merit: 1000
wow...

this coin was difficult to mined  LOL

and from https://dcrstats.com/  i can see Dev subsidy: 3.1195 DCR  Huh what was taht ?

10% of the block reward goes the development fund.  A request for proposal is made to the community. If a person makes a proposal, it is approved, and when that person delivers the work, they get compensated in DCR for their work. It is a fund to encourage other people in the community besides the original dev team to start making improvements to this coin. Here is the link to the address with the disbursement fund. https://mainnet.decred.org/address/Dcur2mcGjmENx4DhNqDctW5wJCVyT3Qeqkx
At this moment nothing has been spent from this fund.
I am not certain who controls the private key for this address. I suppose that it could be subject to abuse.
Edit: I guess Decred Holdings Group LLC ("DHG"), a Nevis LLC controls the private key for the fund. They are an offshore corporation it appears. Not certain who the officers are at the moment, but probably the members of the current dev team.

thanks for the info, hummm this coin was innovative indeed LOL
hero member
Activity: 594
Merit: 500
Blockchain entrepreneur✔
I am not certain who controls the private key for this address. I suppose that it could be subject to abuse.

"a development organization"

  • Self-funded development via block subsidy - In order to have an ongoing source of funding for development work, a consensus rule has been added to allocate 10% of each block subsidy to a development organization. This entity is transparent and responsible for funding development work performed by current and new developers so that the project remains sustainable without a funding dependence on outside forces in the future. Decred therefore improves with growth in a sustainable way and is accountable only to its users.

Any more details anyone?
What if this key is lost or hacked and abuse (in future)?
hero member
Activity: 630
Merit: 500
I am not certain who controls the private key for this address. I suppose that it could be subject to abuse.

"a development organization"

  • Self-funded development via block subsidy - In order to have an ongoing source of funding for development work, a consensus rule has been added to allocate 10% of each block subsidy to a development organization. This entity is transparent and responsible for funding development work performed by current and new developers so that the project remains sustainable without a funding dependence on outside forces in the future. Decred therefore improves with growth in a sustainable way and is accountable only to its users.

Any more details anyone?
hero member
Activity: 594
Merit: 500
Blockchain entrepreneur✔
Maybe a stupid question:

When will the win gui wallet released? The good old wallet interface.
legendary
Activity: 1806
Merit: 1828
wow...

this coin was difficult to mined  LOL

and from https://dcrstats.com/  i can see Dev subsidy: 3.1195 DCR  Huh what was taht ?

10% of the block reward goes the development fund.  A request for proposal is made to the community. If a person makes a proposal, it is approved, and when that person delivers the work, they get compensated in DCR for their work. It is a fund to encourage other people in the community besides the original dev team to start making improvements to this coin. Here is the link to the address with the disbursement fund. https://mainnet.decred.org/address/Dcur2mcGjmENx4DhNqDctW5wJCVyT3Qeqkx
At this moment nothing has been spent from this fund.
I am not certain who controls the private key for this address. I suppose that it could be subject to abuse.
Edit: I guess Decred Holdings Group LLC ("DHG"), a Nevis LLC controls the private key for the fund. They are an offshore corporation it appears. Not certain who the officers are at the moment, but probably the members of the current dev team.
legendary
Activity: 2688
Merit: 1240
would be really interesting if someone could merge mine vanilla and dcr

Not possible, algo is different
hero member
Activity: 700
Merit: 500
Mmmh, I feel that DCR is the new Crave. $$$
legendary
Activity: 1050
Merit: 1000
would be really interesting if someone could merge mine vanilla and dcr
sr. member
Activity: 263
Merit: 250
Hi
I received correctly my airdrop, many thanks to all devs. For now I leave my DCR quiet where they are.
As I truly believe that for mass adoption of any cryptocurrency, people and shops in real life must be able to fully confirm a payment whitin 5-10 seconds, when paying a magazine or a coffe with a card or a phone, is it planned to develop a feature like Zerotime from Vanillacoin into Decred (if Zerotime really works, don't know) ?
https://github.com/john-connor/papers/blob/master/zerotime.pdf
Thanks for your work.
hero member
Activity: 770
Merit: 500
As of 2016/2/12 there are left 2163 airdrop addresses unspent. ~27% of Airdrop receivers moved their coins
As of 2016/2/13 there are left 2143 airdrop addresses unspent. ~28% of Airdrop receivers moved their coins
As of 2016/2/14 there are left 2118 airdrop addresses unspent. ~29% of Airdrop receivers moved their coins
As of 2016/2/15 there are left 2093 airdrop addresses unspent. ~30% of Airdrop receivers moved their coins
As of 2016/2/16 there are left 2069 airdrop addresses unspent. ~30% of Airdrop receivers moved their coins
As of 2016/2/17 there are left 2051 airdrop addresses unspent. ~31% of Airdrop receivers moved their coins
As of 2016/2/18 there are left 2036 airdrop addresses unspent. ~31% of Airdrop receivers moved their coins
As of 2016/2/19 there are left 2034 airdrop addresses unspent. ~32% of Airdrop receivers moved their coins
As of 2016/2/20 there are left 2024 airdrop addresses unspent. ~32% of Airdrop receivers moved their coins
As of 2016/2/21 there are left 2017 airdrop addresses unspent. ~32% of Airdrop receivers moved their coins
As of 2016/2/22 there are left 2000 airdrop addresses unspent. ~33% of Airdrop receivers moved their coins
As of 2016/2/23 there are left 1989 airdrop addresses unspent. ~33% of Airdrop receivers moved their coins
As of 2016/2/24 there are left 1971 airdrop addresses unspent. ~34% of Airdrop receivers moved their coins
As of 2016/2/25 there are left 1955 airdrop addresses unspent. ~34% of Airdrop receivers moved their coins
As of 2016/2/26 there are left 1933 airdrop addresses unspent. ~35% of Airdrop receivers moved their coins
As of 2016/2/27 there are left 1921 airdrop addresses unspent. ~35% of Airdrop receivers moved their coins
As of today 2016/2/28 there are left 1911 airdrop addresses unspent. ~36% of Airdrop receivers moved their coins
legendary
Activity: 1190
Merit: 1000
Wow much speculator, much airdrop, bubble price, much holder waiting for dump Grin
Speculators are waiting to dump every coin.
legendary
Activity: 1666
Merit: 1000
How you do that ?

I observe nature, and try to learn from it.

There is too much misunderstanding in between human beings, and along the escalation path it will become even more. Until the end.
legendary
Activity: 2408
Merit: 1004
legendary
Activity: 1666
Merit: 1000
Confusing...
Why don't just trying it?
In 1 and a half days my 191.815 DCR became 197.23.
As simple as that.

I'm playing with my cat, it's more informative.
legendary
Activity: 1666
Merit: 1000
I think you missed this part.

Quote
dcrstats.com is the biggest unofficial dashboard of Decred Network.


Ok, the devs are not driving this page and have no direct influence what is written there, if I understood this right.

Then I will stay as an investor for squeeze out the greeds to help the devs.
sr. member
Activity: 352
Merit: 250
Is there anyway to tell ticket prices before purchasing?


This is also helpful. Edit: someone beat me too it.

https://dcrstats.com/

On the stats page I find this comment:

Quote
Don't buy new PoS tickets right now

Current ticket price 4.23 DCR is very high compared with all time low 2 DCR.
We suggest to wait for the PoS-difficulty adjustment.

I'm calculating: The probability to find a block with a ticket is around 99% in 142 days. The reward is 1.8 DCR. The gain is calculated by ( 4.23 DCR + 1.8 DCR ) / 4.23 DCR. So the gain is 42,5% over a year. The recommendation of the devs is now, waiting with buying further tickets, because 42,5% seems not enougth.

This are times I have to review my investment. Or to stay there, to squeeze out a greedy world. Did I miss something, perhaps?
Confusing...
Why don't just trying it?
In 1 and a half days my 191.815 DCR became 197.23.
As simple as that.
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