Pages:
Author

Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 70. (Read 1201764 times)

legendary
Activity: 2184
Merit: 1028
#mitandopelomundo
So what's the next big thing to be excited about with this coin?  I haven't checked on it in awhile.  In a very long while actually.


Got a song  https://www.youtube.com/watch?v=9jlHSU8fZio


newbie
Activity: 84
Merit: 0
Great team,great project!
2 years passed away,I am amazing about the Decred's growing!
There are many fans of the Decred in Chinese and I see more and
more guys join in the community!
I am so regretful about that I have not growing with Decred.
I would invest some money in buying and holding the Decred!
legendary
Activity: 1932
Merit: 1005

Great stuff, thanks for posting the links.

Quote
Decred has continued with its approach of generating deliverables before hyping them, despite many other projects in the space continuing to relentlessly hype their work far in advance of generating deliverables or focusing on exchange listings in lieu of doing any substantive work.

That reminds me of Dash and the urban legend about its Evolution vaporware!  Cheesy

Plus look! There are people dumping their coins, not wanting them anymore. Are they dirty? There's only one move to do. Buy the dip and scoop them up! Hahaha.

When will they learn? They don't see anything good even if it's right there in front of them.  Lips sealed
there could be a lot off reasons why any would sell their DCR , i am not saying that it is a wise decision but i also sold some ( good ) DCR because an other opportunity walks by , sometimes you have to leave what is good for something better ( at that moment ) , but don't forget to buy back your good DCR
legendary
Activity: 1260
Merit: 1010
So what's the next big thing to be excited about with this coin?  I haven't checked on it in awhile.  In a very long while actually.


Got a song  https://www.youtube.com/watch?v=9jlHSU8fZio

Congratulation for the song Smiley
legendary
Activity: 2898
Merit: 1823

Plus look! There are people dumping their coins, not wanting them anymore. Are they dirty? There's only one move to do. Buy the dip and scoop them up! Hahaha.

When will they learn? They don't see anything good even if it's right there in front of them.  Lips sealed

What dip? The decred price is actually holding on quite well given the rising bitcoin dominance and the stable total market cap. The top coins are bleeding.

I am looking at DCR/BTC, not DCR/USD. Decred is in a dip from its highs, and it is now hovering on .00071 and near it. Please refer to the chart.

I believe that's a good opportunity to pick up more coins. Hehehe.
newbie
Activity: 32
Merit: 0
So what's the next big thing to be excited about with this coin?  I haven't checked on it in awhile.  In a very long while actually.


Got a song  https://www.youtube.com/watch?v=9jlHSU8fZio
full member
Activity: 130
Merit: 145
So what's the next big thing to be excited about with this coin?  I haven't checked on it in awhile.  In a very long while actually.
sr. member
Activity: 409
Merit: 250

Plus look! There are people dumping their coins, not wanting them anymore. Are they dirty? There's only one move to do. Buy the dip and scoop them up! Hahaha.

When will they learn? They don't see anything good even if it's right there in front of them.  Lips sealed

What dip? The decred price is actually holding on quite well given the rising bitcoin dominance and the stable total market cap. The top coins are bleeding.
newbie
Activity: 140
Merit: 0
A large number of ironic jokes are not adorned with this project. All are not perfect, you have to be kinder
legendary
Activity: 2898
Merit: 1823

Great stuff, thanks for posting the links.

Quote
Decred has continued with its approach of generating deliverables before hyping them, despite many other projects in the space continuing to relentlessly hype their work far in advance of generating deliverables or focusing on exchange listings in lieu of doing any substantive work.

That reminds me of Dash and the urban legend about its Evolution vaporware!  Cheesy

Plus look! There are people dumping their coins, not wanting them anymore. Are they dirty? There's only one move to do. Buy the dip and scoop them up! Hahaha.

When will they learn? They don't see anything good even if it's right there in front of them.  Lips sealed
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.

Great stuff, thanks for posting the links.

Quote
Decred has continued with its approach of generating deliverables before hyping them, despite many other projects in the space continuing to relentlessly hype their work far in advance of generating deliverables or focusing on exchange listings in lieu of doing any substantive work.

That reminds me of Dash and the urban legend about its Evolution vaporware!  Cheesy
legendary
Activity: 1164
Merit: 1010

So, for the block validity question: that's done programmatically. Yes, PoS votes get the final say if a block is valid or not. This isn't something that someone running the node has to actually make a decision on for every single block. There is logic which can be defined such that if certain preconditions for a block are met, you as the PoS miner will "choose" not to include it. Also, I'm pretty sure you still get a vote reward even if the block doesn't become part of the main chain (someone correct me if I'm wrong).


OK. But if it's done programmatically and the rules are the same for all nodes, shouldn't they all always vote the same? I mean all 5 (I think it's 5 per block) voters would be expected to have yes or no on the block. Is it possible to have a split decision, like 3 to 2 votes? If yes, how is that possible unless the voters follow different rules?

If your ticket is called on a block and that block gets orphaned, you lose the reward (as the block is simply not in the chain). The ticket gets refunded of course. I recently noticed it happen on my local staking wallet, unless I misinterpreted what I saw.

I assume that blocks rejected due to PoS voting become orphan.

The important thing to note: the code is open source. The scenario would be something like: user pulls down the source, makes some edits that would allow them to do (x,y,z), and then they build that code and run it on their node. Now their consensus rules might be different from the typical user: thus other voters might decide to not include transactions broadcasted by that "bad actor" node in the blockchain.

Otherwise, yes, the assumption is, all nodes come to the same consensus on the validity of a given block. That's only the "rule" though, there could be exceptions. Generally in the blockchain world, "consensus" means >50% of the nodes agree on the validity of a given block.

I'm pretty sure you get PoS reward as long as your ticket is called to vote. Whether or not the block is valid is a separate matter. This already happens in Ethereum, for instance. Orphaned blocks (Uncles) pay out a smaller block reward to the miner that solved the block, but they still pay out.
member
Activity: 323
Merit: 19
i have read some page's about DCR but how is the POS part working , you need to buy a ticket before you can stake? , and if how much DCR for a ticket?

wish i had bought some earlier

You can find all stats here:
https://dcrstats.com/

Current ticket price is 83.96 DCR
jr. member
Activity: 41
Merit: 1
member
Activity: 291
Merit: 10
i have read some page's about DCR but how is the POS part working , you need to buy a ticket before you can stake? , and if how much DCR for a ticket?

wish i had bought some earlier
sr. member
Activity: 409
Merit: 250

So, for the block validity question: that's done programmatically. Yes, PoS votes get the final say if a block is valid or not. This isn't something that someone running the node has to actually make a decision on for every single block. There is logic which can be defined such that if certain preconditions for a block are met, you as the PoS miner will "choose" not to include it. Also, I'm pretty sure you still get a vote reward even if the block doesn't become part of the main chain (someone correct me if I'm wrong).


OK. But if it's done programmatically and the rules are the same for all nodes, shouldn't they all always vote the same? I mean all 5 (I think it's 5 per block) voters would be expected to have yes or no on the block. Is it possible to have a split decision, like 3 to 2 votes? If yes, how is that possible unless the voters follow different rules?

If your ticket is called on a block and that block gets orphaned, you lose the reward (as the block is simply not in the chain). The ticket gets refunded of course. I recently noticed it happen on my local staking wallet, unless I misinterpreted what I saw.

I assume that blocks rejected due to PoS voting become orphan.
sr. member
Activity: 882
Merit: 252
What is the latest full wallet for Windows? Is that Decredition now? I used to have the Paymetheus wallet before
newbie
Activity: 28
Merit: 0
How exactly do I decide what blocks are valid when voting? Why would I want to vote any block as being not valid? Not to mention that putting a "no" vote in a block I am called to vote would result (if the no prevails) in the block becoming orphan and therefore no stake reward for the ticket.

Also the whole voting/staking system is automatic. My tickets are called to vote and they do. I never choose any yes or no for the blocks, I don't even know how. I only know how to vote for other stuff when available, like the lightning network or ticket price algorithm change.

Finally, with staking pools active and used by most, you could argue that staking is also quite centralized.

I have thoroughly read the Decred Documentation https://docs.decred.org/ and could not find anything describing how to vote "yes" or "no" on individual blocks. I only found how voting works on forks - https://docs.decred.org/getting-started/user-guides/agenda-voting/. I do think this can be done algorithmically as IncludeBeer said. However the voters still receive their block subsidy even if the majority vote "no" on a block. This is because the subsidy is given whenever a voting ticket is selected to vote. The PoW and dev subsidy are lost though and any regular transactions within that block are invalidated as stated in the Decred Constitution near the bottom of the Blockchain Governance section - https://docs.decred.org/getting-started/constitution/.

You set your voting preference to "Yes", "No", or "Abstain" anytime after buying a ticket. Abstain is the default until you change it. Explained here  https://docs.decred.org/getting-started/user-guides/agenda-voting/ under Voting Preparation.

Staking pools do make the staking in Decred more centralized compared to other PoS coins but the combination of mining with staking makes Decred's consensus method more decentralized overall.

I figured it out the other day, all the info is in the documentation on the website. When your in the decredetion wallet, you go to the ticket section. So click on the right side where it says ticket below transcations and stuff and the first thing that will pop up is the section where you actually buy a ticket, at the top there is i think 4 tabs, one says my tickets the other goverance, and statistics. Click on the governance tab and it will show whats being voted on. click on that, should be a little 3 dot icon or something, and once you do that you can set your vote to one of three options. Yes, No or abstain. Automatically set to abstain unless you chose yes or no. Hope this helps
member
Activity: 161
Merit: 11
How exactly do I decide what blocks are valid when voting? Why would I want to vote any block as being not valid? Not to mention that putting a "no" vote in a block I am called to vote would result (if the no prevails) in the block becoming orphan and therefore no stake reward for the ticket.

Also the whole voting/staking system is automatic. My tickets are called to vote and they do. I never choose any yes or no for the blocks, I don't even know how. I only know how to vote for other stuff when available, like the lightning network or ticket price algorithm change.

Finally, with staking pools active and used by most, you could argue that staking is also quite centralized.

I have thoroughly read the Decred Documentation https://docs.decred.org/ and could not find anything describing how to vote "yes" or "no" on individual blocks. I only found how voting works on forks - https://docs.decred.org/getting-started/user-guides/agenda-voting/. I do think this can be done algorithmically as IncludeBeer said. However the voters still receive their block subsidy even if the majority vote "no" on a block. This is because the subsidy is given whenever a voting ticket is selected to vote. The PoW and dev subsidy are lost though and any regular transactions within that block are invalidated as stated in the Decred Constitution near the bottom of the Blockchain Governance section - https://docs.decred.org/getting-started/constitution/.

You set your voting preference to "Yes", "No", or "Abstain" anytime after buying a ticket. Abstain is the default until you change it. Explained here  https://docs.decred.org/getting-started/user-guides/agenda-voting/ under Voting Preparation.

Staking pools do make the staking in Decred more centralized compared to other PoS coins but the combination of mining with staking makes Decred's consensus method more decentralized overall.
Pages:
Jump to: