[ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 508.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Lukas_Jackson on January 24, 2016, 09:29:32 PM

Premine? Really? And 4% goes to one company straight away for free.

That 4% isn't given "for free." It's an attempt to put the risk on devs, while giving them a chance to earn back/profit from what they already put into the project.

Developing and launching a project like this isn't cheap, and this is the most fair way to deal with that fact they could think of.

Can you do better? Great.

It's not like they launched the dCred like Evan launched Dash, IE by surprise and with a broken emission system that granted them 20% off all the coins, then made it worse by lowering the maximum number of coins.

Lukas_Jackson

hero member

Activity: 615

Merit: 501

sambiohazard

hero member

Activity: 840

Merit: 1000

Quote from: ?? on ??

y'aal are are just confused mofos .. no one knows what the blocktime is and the number of coins per block is

Just make a search for block subsidy, you will get your answer. its around 31.xx decred for starting and there is a smooth reduction formula you will also find all that in your search.

houlala1

full member

Activity: 179

Merit: 100

Quote from: EmilioMann on January 24, 2016, 12:34:58 AM

Quote from: houlala1 on January 23, 2016, 10:59:25 PM

Who are the devs?
Are they anon?

http://www.coindesk.com/press-releases/meet-decred-digital-currency-bitcoin-developers/

Thanks

d-trix

sr. member

Activity: 459

Merit: 250

Quote from: tex99 on January 24, 2016, 06:57:48 PM

The distribution gave a seed, hex, and an extended public key. Do we only need the seed to claim our coins, or do we need the hex and extended public key too? I might have made a mistake copying the hex and extended public key but they didn't seem as important as the seed.

You're right, you only need a seed in order to claim your coins and nothing else needed.

tex99

member

Activity: 78

Merit: 10

The distribution gave a seed, hex, and an extended public key. Do we only need the seed to claim our coins, or do we need the hex and extended public key too? I might have made a mistake copying the hex and extended public key but they didn't seem as important as the seed.

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: ?? on ??

y'aal are are just confused mofos .. no one knows what the blocktime is and the number of coins per block is

Blocktime is 5 minutes and coins per block im not sure yet, maybe someone can answer.

tkon3

hero member

Activity: 824

Merit: 1000

There are three kinds of people here, those who know how to count and those who don't.

Godson_Mansa

hero member

Activity: 616

Merit: 503

@Mansa_Godson

Quote from: iCEBREAKER on January 24, 2016, 05:07:46 PM

Quote from: davien on January 23, 2016, 10:11:10 AM

Quote from: iCEBREAKER on January 23, 2016, 06:32:25 AM

Quote from: Godson_Mansa on January 22, 2016, 11:34:17 PM

Can i not give a fuck about the vetting process
so what if people got multiple times
it just means cheaper decred at the exchanges for us
why you people complain so much ??

Because this is Bitcointalk and this is the internet.

Complain about all the things! Angry

There are 2 kind of people around here. Those who complain and those who complain about complainers.

There are 2 kind of people around here. Those who divide the people into two groups, and those who do not.

There are two kinds of people here, those who quote quotes and those who don't

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: davien on January 23, 2016, 10:11:10 AM

Quote from: iCEBREAKER on January 23, 2016, 06:32:25 AM

Quote from: Godson_Mansa on January 22, 2016, 11:34:17 PM

Can i not give a fuck about the vetting process
so what if people got multiple times
it just means cheaper decred at the exchanges for us
why you people complain so much ??

Because this is Bitcointalk and this is the internet.

Complain about all the things! Angry

There are 2 kind of people around here. Those who complain and those who complain about complainers.

There are 2 kind of people around here. Those who divide the people into two groups, and those who do not.

scam confirmed

hero member

Activity: 630

Merit: 500

Quote from: davien on January 24, 2016, 04:30:46 AM

Quote from: scam confirmed on January 23, 2016, 02:27:38 PM

Quote from: sambiohazard on January 13, 2016, 10:26:52 AM

Quote from: scam confirmed on January 13, 2016, 08:07:09 AM

Quote from: sambiohazard on January 13, 2016, 06:28:53 AM

66% needed for consensus.

66% = consensus Huh

BTW: Are you "Sam", the "Office Manager" of Company 0?

No i am just a community member and not related to c0 in any way. I read it somewhere that devs want to reduce voting win % to 66% because with requirement of 95% + bitcoin is having hard time going anywhere. Please correct me if i am wrong.

Thanks! 66% sounds ridiculously low because a 66% majority is far from consensus...

I'd be interested in a link to that "66%" source. Thanks!

I can totally agree with sambiohazard on this one. Higher consensus would just make harder to the community to get Decred anywhere.

Lower majorities would just make it easier to split the community... There is no such thing as "Higher consensus". There is "consensus", and there is "no consensus". 95% is very close to consensus. 66% is far from consensus...

Modifications to the consensus rules are supposed to be difficult. Bitcoin is not a democracy, in which a numerical majority can make decisions that are binding on the whole group because every individual user can use whatever validation rules he wants. Bitcoin is a consensus because unanimous agreement among users is required for it to operate. Therefore, in order to switch the whole economy to new consensus rules nearly everyone has to agree on a change.

Anyone have a link to that "66%" source? Thanks!

Eliovp

legendary

Activity: 1050

Merit: 1293

Huh?

Quote from: jambo110 on January 24, 2016, 08:19:58 AM

Quote from: decred on January 24, 2016, 06:23:51 AM

Quote from: dygus on January 24, 2016, 05:48:24 AM

To pages ago I've asked about blake256 miner and when POW will start?

The hope is for testnet to fire up this week. That will be accompanied by miner binaries for Linux/Windows and miner specifications.

How exciting, ive not been this excited since i lost my virginity.

Must be something for those that haven't already... Grin

jambo110

legendary

Activity: 1311

Merit: 1003

Quote from: decred on January 24, 2016, 06:23:51 AM

Quote from: dygus on January 24, 2016, 05:48:24 AM

To pages ago I've asked about blake256 miner and when POW will start?

The hope is for testnet to fire up this week. That will be accompanied by miner binaries for Linux/Windows and miner specifications.

How exciting, ive not been this excited since i lost my virginity.

Hyperjacked

legendary

Activity: 1610

Merit: 1119

It's all mathematics...!

Quote from: socal on January 23, 2016, 04:11:07 AM

Quote from: _ingsoc on January 23, 2016, 03:26:39 AM

Quote from: Gleb Gamow on January 22, 2016, 06:56:01 PM

Decred could've easily stated that they'll do their best to make sure that folks aren't gaming the system via participation in the airdrop for a limited 5,000 participants. But, Decred opted to up the ante after being approached with how the system could easily be gamed (by me - NO OTHERS to date), whereupon they responded with having layers of defense mechanisms in place to ward off said gaming. It was after such exchange, of which was after most have already applied for the airdrop, thus freeing up their personnel to conduct a more fuller investigatory process on my scammy ass, that I signed up to test their layers, passing with flying colors, opting to sign up over a dozen more times. supplying Decred with ONLY newly created email addresses, with all that I've checked also passing muster, each having a unique "Confirmation link" within, in essence gaming the system in the same way I warned Decred about in which they offered up how the concern is moot given...

You ignored this post by me soon after your initial concerns. I offered to investigate for you and help you. You ignored my request to look into it, but the offer still stands. I did this a day after the airdrop closed when there was still a mountain of work to get through. I'm going to be straight with you Gleb, there is no time for games. If you want to be constructive, I am your friend and I will help you make the system better, but if you don't want to work together, there is nothing that can be done. You are welcome here, as always, and people will work with you, but you must be reasonable and engage requests when the hand is extended to you - you cannot ignore such acts.

and this is why I back these guys. Well put _ingsoc

The way the Decred team has communicated speaks volumes about the project!

They have the complete package and are a class act imHo !

dygus

legendary

Activity: 1193

Merit: 1000

Peaky Blinder

Quote from: decred on January 24, 2016, 06:23:51 AM

Quote from: dygus on January 24, 2016, 05:48:24 AM

To pages ago I've asked about blake256 miner and when POW will start?

The hope is for testnet to fire up this week. That will be accompanied by miner binaries for Linux/Windows and miner specifications.

TY

decred

full member

Activity: 156

Merit: 236

Quote from: dygus on January 24, 2016, 05:48:24 AM

To pages ago I've asked about blake256 miner and when POW will start?

The hope is for testnet to fire up this week. That will be accompanied by miner binaries for Linux/Windows and miner specifications.

dygus

legendary

Activity: 1193

Merit: 1000

Peaky Blinder

To pages ago I've asked about blake256 miner

and when POW will start?

davien

sr. member

Activity: 462

Merit: 250

Quote from: scam confirmed on January 23, 2016, 02:27:38 PM

Quote from: sambiohazard on January 13, 2016, 10:26:52 AM

Quote from: scam confirmed on January 13, 2016, 08:07:09 AM

Quote from: sambiohazard on January 13, 2016, 06:28:53 AM

66% needed for consensus.

66% = consensus Huh

BTW: Are you "Sam", the "Office Manager" of Company 0?

No i am just a community member and not related to c0 in any way. I read it somewhere that devs want to reduce voting win % to 66% because with requirement of 95% + bitcoin is having hard time going anywhere. Please correct me if i am wrong.

Thanks! 66% sounds ridiculously low because a 66% majority is far from consensus...

I'd be interested in a link to that "66%" source. Thanks!

I can totally agree with sambiohazard on this one. Higher consensus would just make harder to the community to get Decred anywhere.

davec

newbie

Activity: 39

Merit: 0

Quote from: ?? on ??

Someone correct me if I am wrong.

90 second block time.
30 coins per block to begin with. (10% to sustain development)
15 .. in the next year
12.5 after that year ...
Total of 21 Million coins ..

Are the above numbers correct?

For fucks sake .. somebody please answer the question

You could actually read the thread and use the Decred forums to find the answers to the questions yourself rather than repeatedly demanding others to do it for you.

Here, I'll be nice and help you help yourself:

Block time
Subsidy system details including a spreadsheet
Total number of coins is stated in the bullet points of the very first post of this thread

EmilioMann

legendary

Activity: 2184

Merit: 1028

#mitandopelomundo

Quote from: houlala1 on January 23, 2016, 10:59:25 PM

Who are the devs?
Are they anon?

http://www.coindesk.com/press-releases/meet-decred-digital-currency-bitcoin-developers/

Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 508. (Read 1201380 times)