Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 68. (Read 1201396 times)

agreed the SEC needs to step in and stop scammers like DECRED (bittrex insiders) this is no way to take advantage of the FOSS community i want to see someone with balls stand up to this corporate greed>_> this willfull ignorance is not what satoshis' envision :\  fale#

Again I dont understand the technicals behind it so please educate me if possible. After the new ticket algo the price fluctuations stabilized this was a good development for sure. But since then the price of one ticket rised but so did the price of decred. So while back in the days most people could afford buying a ticket now its already more then $5000 to buy 1 ticket which may take 3 months to be picked. This will be more in the future although I read somewhere there will be a limit to where it can go in practice.
But for me the question remains why isnt it possible to reduce this by a factor 10 or even 100 and reduce the reward also by this factor? So people can buy more tickets for the same amount so they can get closer to this 28day average and make it also possible for people to participate who dont have 5000 (or maybe more in the future) to spend for a single ticket.

Dont get me wrong I think this is a better system than MN and way better than normal staking but I feel like for new people it will be difficult to participate and have a voice now with these prices let alone in the future when prices are even higher. So I was hoping there could be something to change that so that in the future not only the 'elite' will have a say in decred like is happening now with dash for example.

Maybe(probably) its unavoidable and these ticket prices have to be this 'high' for some technical reason I dont understand but I wanted to bring it up even if its only for my own understanding

fake airdrop(fraud) ..i can't wait to see this coin hardfork :-D

The system in some ways is closer to MN than regular staking, though really it is unique and unlike either.

I really don't see what could be done about the ticket price. It is determined by demand, just like the price of the coin itself.
Too low prices would mean very high returns, which in turn would raise demand (and ticket price).

The only annoying thing was wild yet predictable fluctuations in prices due to the previous price algorithm.
That led to all tickets being bought in one every 3 or 4 periods, leading to absurd fees. Thankfully that was fixed last year

What I was wondering myself is if there is something that can be done about the ticket price ? For me as a long term holder of the project its no problem to buy some tickets and have that 28days staking average. But I can imagine for new people coming to decred having to pay 80 dcr for a ticket that might get picked after 28 days but can also take much longer its not a very attractive option.

Moreover 80 dcr is a lot of money if the price increases of decred this becomes even more and if you want to get around that 28 days average you want to have multiple tickets. I know that on average you will come to those 28 days eventually ( if you buy for example 1 ticket for 2 years) but i think that if someone had to wait 2 months on his first ticket before its picked there is a good chance they wont do it again. A friend of mine was telling me just that after waiting more then 2 months on his first ticket.

Also we dont want to end up like dash where you need a minimum of 500k to be a MN owner to have something to say in the network. There is probably a very good reason why ticket price is what it is im not technical so I dont understand but would be great I think if it was possible in the future to lower ticket prices so more people can participate in our dao and have a more 'stable' income with their tickets bc they can buy multiple ones instead of 1 or 2.

Thoughts?

It doenst really matter with decred as far as I understand because IF mining becomes centralized and they become malicious and have bad intentions the people holding dcr can always vote to undo any damage done by the miners. Im not against asics since they also bring a lot higher security to the blockchain and with the people holding decred having the most power in hands I think is the best of both worlds.

There was no crowdsale for decred only a airdrop as far as I know. The rest of the circulation comes from mining and staking. So the devs have a % they premined and part of that is being held for development and the other part was given to the community in a airdrop. you can see the % of that here : https://dcrstats.com/ I think the % of the airdrop and dev fund grows smaller as more coins are being mined and staked.

There was an airdrop. No crowdsale, no ICO.

Not when Bitmain starts invading your mining space and be a force of "mining centralization". Other smaller mining and ASIC manufacturing companies would have no choice but to work together under Bitmain's umbrella or die, effectively becoming a cartel.

Can anyone also direct me to a link describing the details on Decred's crowdsale? Thanks.

No, not really.

is there any difference what pool I will use for staking?

unstable market conditions of the crypto currency led to hysteria) everyone worries

EDU.DCR - Ep5 - Exploring HolyTransaction
https://www.youtube.com/watch?v=v0qnOmyT3cw

Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.

So that same site currently lists the ticket price as 81.96 DCR. So you will need that much DCR to stake. The price adjusts every 12 hours, but has been pretty stable in the low to mid 80's range for the last month or so. Still that is around $5,000 worth of DCR to buy 1 ticket. And keep in mind the average voting time is 28 days, but it could vote much quicker or take months.

The amount to buy a single ticket. The ticket price adjusts about every twelve hours.
Decred staking is unlike any other coin

thank you. have seen that site, but was not sure that understood all fine. 1,6% month is very not bad imo. Sorry, maybe last question about the same - any minimum required to start stacking?

About 1.6% per ticket which returns in an average of 28 days or so. More info at: https://dcrstats.com/

Guys, what is current profitability of DCR staking?

See this post at cryptomining-blog.com:
http://cryptomining-blog.com/9519-halong-mining-dragonmint-b29-blake256-asic-miner-for-decred-dcr/

And DCR has been mined with ASIC's for a while now, at least the Baikal Giant B can mine DCR (I have a few of those mining DCR atm).

Asics for Decred specifically? What companies?

There are several companies working on DCR asics. While there are negative aspects of asics for PoW, Decred is a hybrid chain, and PoS validation trumps PoW, so really asics are quite a positive development.