Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 541. (Read 1201332 times)

Signed up for Airdrop, watching 

And i'm satoshi nakamoto, an old bitcoin lovers.
so, you're an old btctalk and never done an account until today? And first post was done to receive free coin?

sound legit.  

Suggest to devs to take care of tons of newbie accounts made only for the airdrop.

Patiently awaiting code release
Signed up for AirDrop.

Of course you can! Decred is about including people who care about contribution and want to participate in that process. You can sign up for the airdrop on the main website. Or, if you don't have an online presence, you can contact me on the forum, but be sure to give a little backstory and what your proposed contributions are to the project, so that it's possible to pinpoint your interest. My personal goal is to find groups to connect everyone to, so that clear areas of contribution emerge in the community.

I'm waiting this big adventure! 

I just got introduced in Bitcoin, can new members join this campaign?

Looks interesting, updating my sigature.

thanks!

Really interested in seeing how this is implemented!

Cold staking and decentralized stake pooling - The ability to generate new coins without the risk of having your coins online when PoS mining. The PoS mining system has also been engineered with distributed, decentralized stake pooling in mind, so that even those with small amounts of stake can participate in network validation.

Will the decentralized stake pooling just allow for more consistent rewards or is there any other benefit?

Decred, thanks for the detailed response to my questions.  The attached spreadsheet is absolutely clear and I encourage anyone with concerns about ths distribution of coins to look at it.


Let's make sure we're comparing apples to apples here.  The 19% figure I gave was how much of newly minted coins the c0+devs would be entitled to if they had been staking since day 1, and includes the 10% dev subsidy as I was lumping together the dev org, devs, and c0.  Perhaps it wasn't  fair of me to lump the dev org together with the c0+devs as they may not be the same parties, but my point was that 3 organisations will obtain a % of coins that are not available to the general public (and my ~19% figure is correct).
If we separate them though, what your spreadsheet shows is that at the end of year 1 the c0+devs hold 24.42% of all coins to date, which entitles 7.326% of all coins being minted at that time (24.42% of the 30% PoS reward).
Your spreadsheet also shows that at the end of year 1 the dev org will hold ~341k coins, or 7.376% of all coins to date, which entitles them to 2.2143% of all coins being minted at that time (7.376% of the 30% PoW reward).
So these two/three parties between them will hold a total of ~31.8% of all coins to date after year 1, entitling them to ~9.5% of all new coins via PoS (31.8% of 30%), plus the dev org would continue to recieve their 10%.  So I stand by my point that after 1 year, 19.5% of newly minted coins would be going to the devs/c0/dev org, i.e. not the general public.

But all of this is conjecture and assumes that none of the dev+c0+ dev org would have sold any coins, which is unlikely be the case.

I think it is also important to stress that I'm only demonstrating this for transparency.  I have discussed with decred the rationale behind staking the premine coins and I agree that it is absolutely necessary for several reasons, not least that the PoS network needs to be secured until there is a significant enough distribution of coins

So the TLDR is that, yes the premine coins held by c0/devs will be staked, but it is both necessary and fair.


This is the key to answering my concern, it essentially means that the c0/devs will not stake more than 50% of the coins being staked by everyone else (at least once the network is secure and a good distribution of coins is being staked by other people).  It's going to be a challenge to achieve this in practice!

Anyway thanks again to the decred team for being transparent.
 

finally a serious project,  just signed for the airdrop

Pastebin for Sr. level and above sig:

http://pastebin.com/J9PSpXpW

Yeah man.  I'll do it when I'm off mobile in an hour or so if no one else has.

Signed up for the airdrop! Some background, I was interested in MC2 PoS+PoW way back. Really glad ingsoc messaged me that the project is finally a reality.

Also could someone post the Hero member signature data in a pastebin?

My mouse has some issues and I can't copy and past the whole thing.

I'd say it's more of an efficiency thing...

Look at the Wikipedia page on "law of large numbers" to see why it benefits miners.

The fact that GPUs do so well with the blake-256 algo does make it more difficult to attack the network with botnets.

Think about it.  You get gh/s on a gpu...  That's a lot of hashpower for very little electricity. 

A tip for miners:  blake-256 isn't very memory intensive, so under clock your gpu memory to improve mining efficiency.

 

@dbt1033

Does high hashoutput per watt really have an effect on security? I thought because of difficulty, it wouldn't matter.

Applied for the airdrop. Thanks for your work on that project

Applied for the airdrop and watching with interest.

Applied for the airdrop. Hopefully ill get accepted.

Correct, it was Decred's main utility that I was inquiring about/offering up as a suggestion/example.