Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 545. (Read 1201380 times)

Free gpu miner for NVIDIA cards:

release 77++ (git)

980ti: 4.1GHASH
980:  3.05GHASH
970: 2,63MHASH
960:  1,71MHASH
750ti: 930MHASH

ccminer -a blake

1.5.77(sp-MOD) is available here: (20-dec-2015)

https://github.com/sp-hash/ccminer/releases/

The sourcecode is available here:

https://github.com/sp-hash/ccminer

wow! For the article i would say, what a well arranged click-bait article. I think author never visited this thread.

For ethereum comment, i would say Vitalik's comment was for altcoins in general and he will change his opinion once he will see the code & talk with decred devs. I don't know if the other comment from co-founder is well informed.

For bitnation comment, i will just post this link of an interview before bitnation launch https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-157-competitive-governance. You can decide how qualified she is to comment after listening to that interview which ironically mentions misleading cointelegraph article on bitnation.

For the NXT comment, once again i think people will change their opinion once source code is released on github. I think white papers are not enough. That is what he seems to be referring to with "plans".

So that is my opinion, if anyone can put this or a link to this post in a comment there it will be appreciated. Thanks

Saw that earlier. Pretty saddened by the fact that the article is generally positive but all the quotes are quite hateful. ETH, NXT, and BitNation (Swarm too) with so much fire from out of nowhere. Very surprising since Decred isn't taking any money from anyone, but all those projects did before code was even written - and yet Decred is the scam. Really don't want to be a dick about it, but that was quite harsh, especially without talking to anyone involved in the project or the community forming here for example.

Cointelegraph article "Decred: An Innovative Cryptocurrency or a Well Arranged Scam?": http://cointelegraph.com/news/115972/decred-an-innovative-cryptocurrency-or-a-well-arranged-scam

interesting concept ...

one im keeping an eye on - for further investigation and involvement of course ...

#crysx

I hope this one is dead. Although you can talk to 1Lef

[ANN][XDC] Xedoscoin Skein-SHA2 - (POW) for Car Enthusiasts
https://bitcointalksearch.org/topic/annxdc-xedoscoin-skein-sha2-pow-for-car-enthusiasts-445651

I too thought XDC is good but.....

We're using XDC.  The Delta necro-coiners may calm down now.   

Arbitrarily calling non-arbitrary things arbitrary.  Solid.

(The $0.494047619 value isn't arbitrary, as the post you quoted but failed to comprehend clearly explained.)

How does one fund development in real terms without money? Legitimate question about the funding model and what a better option would be.

Just pointing out that real numbers aren't exactly something to come by in crypto projects. Creating a coin isn't paid labor.

Bear in mind the number you're referring to (USD 0.494047619) was used to calculate the rate devs would purchase coins at so the project had continued funding while it was being developed. Funds were pooled in this way. It's arbitrary, agreed, but it was done so real dollars and time could be assigned to the project. It's pretty unusual since most projects expect free coins for the devs and/or expect people to pay for the coins. Decred did the opposite of that. Devs paid and community will get coins for free if they care about contributing (unconditionally, but in the spirit of contribution). It was the only real way the project could carry the risk and not expect its users to carry it for them.

I would like to ask, what are you planning to do with premine in initial months? Are you going to try and sell it on market slowly or use it for buy/sell walls or for liquidity on markets or just keep it until you need to liquidate it.

EDIT: or you are going to use these for bounties for logo, miner etc?

Arbitrarily attaching value to things. Solid.

I am interested in mine, when it will be available to mining and tutariais (settings) to do it?

Hi Guys

Great project ,interesting reading the valid questions from the community and the detailed replies before you get started,way to go

 Do you have any images etc that can be used for avatars and signatures ?

I believe it would be a great promo for those who wish to get involved to get info out into the wider community

After a stake ticket is purchased, there is no need for the funds used to purchase that ticket to be online.

Example: You used 100 coins to buy a stake ticket, which requires a transaction be created, signed and broadcast to the network.  After a maturity delay the ticket is eligible for selection in a lottery, and when the ticket is selected, it can be voted without having the original wallet used to purchase the ticket online.  This is what is meant by "cold staking".  The funds used to purchase tickets need not ever be "hot" either, it can be done using a cold wallet.


Your numbers are slightly off, the split is 60% PoW, 30% PoS, 10% dev subsidy.  PoW has real and substantial hardware costs associated with it, so we felt it made more sense to have this subsidy higher than the PoS subsidy.  The 30% PoS subsidy was chosen so that a semi-passive rate of return on holding coins was not absurdly high.


The stake transactions have new opcodes.  These opcodes allow users to purchase tickets (SSTX), vote tickets when selected in the lottery (SSGEN), and revoke tickets (SSRTX).


While I understand that you may feel 10% is too high a rate, as someone who has funded a lot of development work over the past 5 years, I disagree with your assessment.  At a 10% subsidy rate, the dev organization will accumulate approximately 302,000 decred during its first year.  If we assume the value of 1 decred averages to USD 1.00 over the first year, this means we'll have USD 302K to spend on development work.  This is a small amount of funding and can pay for 3-4 full time developers for 1 year, so if we went below 10% dev subsidy it would mean the project cannot fund itself unless its exchange rate is well over USD 1.00 per decred.

The 4% of the premine was paid for in USD, BTC and labor by Company 0 and its developers.  Unlike other projects, we did not push the risk of failure onto the community by asking them to fund the work.  We have made an effort to lead with our deliverables in a niche where there is lots of vaporware and questionable offerings.  As our btcsuite work shows, this work has been going on for years, even without any funding except from me.


We will consider these suggestions, but keep in mind that too much scope creep means our planned deliverables will slip.  There is a lot of infrastructure that goes along with a cryptocurrency, and we're trying to get it all out in a timely fashion without ruining our timeline.

In General, the project deserves a lot of attention. Coins with such potential support among the society are issued rarely and each of them has a chance in the future to become a strong means of payment. My concerns about the system: 10% the development of the project very much, if we want the coin was in order (that is, was high, but I hope you have a brain and if you stay at that limit, then it really will go only for good and not to be spent quickly). I never found that important parameters of the coin: how much time between blocks? How many coins will be in the block? Know something about the place where you can begin trading coins? Miner Blake-256 for Blakecoin (BLC) is suitable for Decred? It is already possible to check the speed of the test network or not? When do you plan to release the current wallet? I am willing to support the project and will do so, let us all, who here sees this and will treat with confidence and won't drain the coin to zero, as happened with many coins. Will treat the coin as to restart bitcoin.

That should be more than adequate to qualify for airdrop. A forum profile with some posts engaging the issues constitutes reasonable activity.

Coming here from the post on Slashdot. I like several features of this currency, and have a few questions.


Cold staking and decentralized stake pooling. Sounds great but how?

Voting/polling is good. But why is the plan to split blocks 60% with miners and 40% with stakers? Why not make it an even split?

Immutable tx ids, excellent.

Script enhancements and new OP codes, what will these be and for what purpose?

Self-funded development via block subsidy, 10%. I feel this is way too much of a cut. Please consider reducing it by a lot or withdrawing these plans altogether considering you're also taking 4% of the 21 million total premine.

"Simple GPU miner." I'd look at getting mining Decred supported in a mature mining program like bfgminer or sgminer instead of rolling something new. These mature mining programs support AMD Overdrive features already, so that means overclocking, temperature reading, etc built-in. Ethminer, the miner program for Ethereum, was less useful without these features.

Will you use a third party independient escrow for premine custodian then or some other way for avoid for example the premine will be fairly distributed?