I have a question regarding the web wallet.
I've been hodling some DCR in the web wallet, since last year, but I just tried to access the wallet and it says there are no connections. I see that the ANN OP still shows the wallet as being active. Can anyone elaborate on why this is? I'd like to gain access to these coins, so any information would be greatly appreciated.
Thanks in advance!
EDIT: issue was resolved in slack
Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 78. (Read 1201324 times)
January 10, 2018, 02:39:38 PM
January 10, 2018, 07:07:48 AM
Good projects, interesting reading from the community's effective problems and detailed content. I hope you're getting better and better.
Well, I knew Decred over a year ago.It has already become a very wonderful thing, but I believe that this year will be a better year for Decred.
They say its gonna hit 1000 dolars EOY
January 08, 2018, 11:11:01 AM
Has anyone else noticed the curious trend in cryptocurrency prices right now where the value of the lowest priced coins is growing by the largest % despite them having a huge coin supply? To me this says that the cryptocurrency space is overflowing with inexperienced traders/investors who have no idea what market cap is or how it's calculated. FOMO fever is the only explanation for this. People just hearing about cryptocurrency feel like they missed the boat on bitcoin and are trying to catch the next big thing. These are the same people who think that they need to be able to afford a whole coin. Take Cardano for example.. at a price of ~$1 it seems like a steal and people like owning a whole coin of something instead of a small fraction of a bitcoin, but then you look closer and see that there is a whopping 25,927,070,538 ADA. That's about 1500x more coins than bitcoin! In a rational market scarcity is what drives up price and many of these coins have billions yet this market seems to be unable to do basic math and rewards it! Crazy.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Agree with everything you said + the disclaimer. Although I do trade a little with small % of portfolio when chance occurs
What do you think the long term value should be?
I'd be lying if I claimed to know what the long term price should be. Price discovery should happen naturally as a result of the free markets. With that being said, based on the current total cryptocurrency market cap, the limited circulating coin supply, the talented Devs, and what I believe to be superior tech of Decred, I think the price of Decred should be over $1000 relative to the other coins once the attention shifts from quick buck pump and dump coins to legitimate society altering technologies.
The reason why I think the price of Decred must be stated in terms relative to other coins and the total cryptocurrency market is because to some degree cryptocurrency is still an experiment. A few assumptions are being made in order to get to these growing valuations.
1) That the consensus mechanisms underlying POW and/or POS cannot be undermined. To this date there have been no successful hacks or exploits on bitcoins code but in the unlikely event that one is found there would be a devastating correction on the entire market. 9+ years of the brightest white and black hat hackers attacking bitcoin's network have not found anything so this is a great indicator of confidence in the network but on the other hand look at the latest security vulnerability in intel chips.. anything is possible. The stakes are high but so are the rewards. For the first time in human history people have the option to be in control of their own money (you are not in control of the money you store in banks).
2) Mass adoption and acceptance of cryptocurrency as a store of value is coming and will lead to large institutions and 401k funds to begin allocating a percentage of assets into cryptocurrency as part of a diversified portfolio.
3) They will be able to scale. This is not just Decred's challenge but all cryptocurrency will need to be able to increase the number of transactions per second if they are to cut out the middlemen (visa/banks) and be used for everyday transactions (like daily coffee) as promised in the original bitcoin whitepaper. This is an active area of research and development.
And a couple Decred specific assumptions:
4) Decred's governance and superior tech is finally recognized by the market. The truth is that many people haven't even heard of Decred. If Decred is added to more exchanges such as Coinbase and exchanges in the eastern markets, awareness and acceptability will increase. Yes this is true for all coins but the point here is that if people had more time to understand the technology behind the coins they are buying they would understand that Decred is a better mousetrap. Who wouldn't buy the better mousetrap?
5) Decred is resistant to forking which siphons off value from the main chain and errodes confidence. This is by design because Decred stakeholders have a voice via stake voting unlike bitcoin. People don't want to have to ask themselves if they are holding the right "flavor" of bitcoin every morning due to the endless forks that are a result of their dysfunctional governance.
6) Decred's performance relative to other cryptocurrencies will increase. Decred can totally replace bitcoin, bitcoin does nothing that Decred doesn't do better. It can also siphon value from other coins with weaker governance (DASH) and if the privacy features are good can siphon value from the leading anonymous coins (ZEC, ZEN, ZCL, XMR, etc). This has not happened yet but is likely to happen since Decred in theory is much more agile than other currencies due to it's built in voting. As was seen in the speed in which lightning network integration was proposed, voted on, and nearly integrated Decred can quickly implement new original features as well as assimilate the best features from other cryptocurrencies and pivot the intended use as directed by the stakeholders votes. (Decred Dev's please correct me if I am over promising but this is how I understand it)
7) This is a more minor point. When Decred Asics are introduced it might remove the constant sell pressure caused by Claymore Dual mining. I'm not sure that I buy that Decred asic owners are more likely to hold onto coins. I also haven't decided whether I think that asics are good or bad for the network but I think this is worth noting as removal of significant sell pressure would quicken the price discovery.
If those assumptions are true then the total cryptocurrency marketcap will raise to at least several trillion and therefore in the coming years the price will increase many fold. No one will believe me if I post a long term sustainable price because human minds are trained to think linearly however increases in network usage affect the price of a limited supply of coins exponentially. I think it will go beyond bitcoin's current value.
Right on point.
But ASICs though ... I ask you one thing ... is a China asic farm contributing to decentralization?
I really hope we get to vote on introducing a multi algorithm POW model like verge or joincoin.
List of good algos to chose from:
Blake - ASIC algo soon
dagger hashimoto - GPU algo (memory bandwidth bottlenecked and therefore asic resistant)
scrypt high n-factor - CPU algo (even more memory hard), cryptonight would also work
proof of capacity like Burst - HDD algo (sooo memory hard that the most useful device is a HDD where nonces are precalculated and stored)
This is decentralization if you ask me ... worthy of the name DE cred.
POW is in essence more about distributing (decentralizing the distribution) of coins than it is about securing the network. Doesn't mean the network should be insecure
I agree that ASICs are not an ideal form of decentralization and that is a very good point that distributing the coins is an often overlooked aspect of decentralization in many other projects.
Vitalik Buterin whom I consider one of the greatest system architects of our time, gave a talk back in December regarding decentralization where he broke it into 3 components.
A) Architectural decentralization - is it one physical system or many physical systems? (ASICs are not as good for this compared to GPUs but the concentration of hashpower into only several mining pools might be a bigger problem)
B) Political decentralization - is it controlled by one person or entity or many? (With bitcoin, ASIC miners controlled the power. With Decred this is offset by stake miners but ASICs indirectly allow ASIC miners to accumulate more political power than they otherwise would've had assuming they hold the coins. It also takes away a low barrier entry point opportunity for new people getting into the space such as a gamer who isn't convinced enough to go through the hurdles of signing up for an exchange and buying coins yet, but would pay indirectly for Decred through their electricity bill.)
C) Logical decentralization - is the interface or data structure a singleton, or an amorphous swarm?
I see pros and cons to Decred ASICs. In the short term, allowing Decred ASICs that are being distributed to those that pre-ordered to come online this year reduces the risk of a private entity (government etc) developing them and attacking the network with excessive hashpower or mining for themselves to amass the political voting power over time.
I didn't get in on the pre-order and am not very fond of owning ASIC Miners as they are usually noisy and impractical to run in homes. I like GPUs because they are flexible. They allow the vast majority to contribute to the network and no government entity could step in and stop mining by banning GPUs since they are the exact same hardware used for gaming.
I'm hesitant on switching to multi-algorithms because it could increase the complexity of the code thus making the implementation of future must-have features harder. This is really the talented Devs call though.
I wouldn't be opposed to switching to a GPU algo that is ASIC resistant in the future but think it needs to be done in a way that does not fracture the community. One possibility is to inform the community of the algo switch with enough notice so that the existing ASIC owners have enough mining time to recoup their investments, (and then some) and so that no one gets burned by expanding with ASICs that would soon be useless.
Overall I see this as an item on the agenda in the future but top priority should be completing the core features that differentiate this project from all the rest.
January 08, 2018, 10:42:33 AM
Good projects, interesting reading from the community's effective problems and detailed content. I hope you're getting better and better.
Well, I knew Decred over a year ago.It has already become a very wonderful thing, but I believe that this year will be a better year for Decred.
January 08, 2018, 10:39:46 AM
How much of the coins was allocated to the developers? Either through voting, premine or otherwise given to them?
it's all written here in the official documentation
https://docs.decred.org/faq/general/#3-how-was-the-decred-premine-distributed
January 08, 2018, 04:13:13 AM
Has anyone else noticed the curious trend in cryptocurrency prices right now where the value of the lowest priced coins is growing by the largest % despite them having a huge coin supply? To me this says that the cryptocurrency space is overflowing with inexperienced traders/investors who have no idea what market cap is or how it's calculated. FOMO fever is the only explanation for this. People just hearing about cryptocurrency feel like they missed the boat on bitcoin and are trying to catch the next big thing. These are the same people who think that they need to be able to afford a whole coin. Take Cardano for example.. at a price of ~$1 it seems like a steal and people like owning a whole coin of something instead of a small fraction of a bitcoin, but then you look closer and see that there is a whopping 25,927,070,538 ADA. That's about 1500x more coins than bitcoin! In a rational market scarcity is what drives up price and many of these coins have billions yet this market seems to be unable to do basic math and rewards it! Crazy.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Agree with everything you said + the disclaimer. Although I do trade a little with small % of portfolio when chance occurs
What do you think the long term value should be?
I'd be lying if I claimed to know what the long term price should be. Price discovery should happen naturally as a result of the free markets. With that being said, based on the current total cryptocurrency market cap, the limited circulating coin supply, the talented Devs, and what I believe to be superior tech of Decred, I think the price of Decred should be over $1000 relative to the other coins once the attention shifts from quick buck pump and dump coins to legitimate society altering technologies.
The reason why I think the price of Decred must be stated in terms relative to other coins and the total cryptocurrency market is because to some degree cryptocurrency is still an experiment. A few assumptions are being made in order to get to these growing valuations.
1) That the consensus mechanisms underlying POW and/or POS cannot be undermined. To this date there have been no successful hacks or exploits on bitcoins code but in the unlikely event that one is found there would be a devastating correction on the entire market. 9+ years of the brightest white and black hat hackers attacking bitcoin's network have not found anything so this is a great indicator of confidence in the network but on the other hand look at the latest security vulnerability in intel chips.. anything is possible. The stakes are high but so are the rewards. For the first time in human history people have the option to be in control of their own money (you are not in control of the money you store in banks).
2) Mass adoption and acceptance of cryptocurrency as a store of value is coming and will lead to large institutions and 401k funds to begin allocating a percentage of assets into cryptocurrency as part of a diversified portfolio.
3) They will be able to scale. This is not just Decred's challenge but all cryptocurrency will need to be able to increase the number of transactions per second if they are to cut out the middlemen (visa/banks) and be used for everyday transactions (like daily coffee) as promised in the original bitcoin whitepaper. This is an active area of research and development.
And a couple Decred specific assumptions:
4) Decred's governance and superior tech is finally recognized by the market. The truth is that many people haven't even heard of Decred. If Decred is added to more exchanges such as Coinbase and exchanges in the eastern markets, awareness and acceptability will increase. Yes this is true for all coins but the point here is that if people had more time to understand the technology behind the coins they are buying they would understand that Decred is a better mousetrap. Who wouldn't buy the better mousetrap?
5) Decred is resistant to forking which siphons off value from the main chain and errodes confidence. This is by design because Decred stakeholders have a voice via stake voting unlike bitcoin. People don't want to have to ask themselves if they are holding the right "flavor" of bitcoin every morning due to the endless forks that are a result of their dysfunctional governance.
6) Decred's performance relative to other cryptocurrencies will increase. Decred can totally replace bitcoin, bitcoin does nothing that Decred doesn't do better. It can also siphon value from other coins with weaker governance (DASH) and if the privacy features are good can siphon value from the leading anonymous coins (ZEC, ZEN, ZCL, XMR, etc). This has not happened yet but is likely to happen since Decred in theory is much more agile than other currencies due to it's built in voting. As was seen in the speed in which lightning network integration was proposed, voted on, and nearly integrated Decred can quickly implement new original features as well as assimilate the best features from other cryptocurrencies and pivot the intended use as directed by the stakeholders votes. (Decred Dev's please correct me if I am over promising but this is how I understand it)
7) This is a more minor point. When Decred Asics are introduced it might remove the constant sell pressure caused by Claymore Dual mining. I'm not sure that I buy that Decred asic owners are more likely to hold onto coins. I also haven't decided whether I think that asics are good or bad for the network but I think this is worth noting as removal of significant sell pressure would quicken the price discovery.
If those assumptions are true then the total cryptocurrency marketcap will raise to at least several trillion and therefore in the coming years the price will increase many fold. No one will believe me if I post a long term sustainable price because human minds are trained to think linearly however increases in network usage affect the price of a limited supply of coins exponentially. I think it will go beyond bitcoin's current value.
Right on point.
But ASICs though ... I ask you one thing ... is a China asic farm contributing to decentralization?
I really hope we get to vote on introducing a multi algorithm POW model like verge or joincoin.
List of good algos to chose from:
Blake - ASIC algo soon
dagger hashimoto - GPU algo (memory bandwidth bottlenecked and therefore asic resistant)
scrypt high n-factor - CPU algo (even more memory hard), cryptonight would also work
proof of capacity like Burst - HDD algo (sooo memory hard that the most useful device is a HDD where nonces are precalculated and stored)
This is decentralization if you ask me ... worthy of the name DE cred.
POW is in essence more about distributing (decentralizing the distribution) of coins than it is about securing the network. Doesn't mean the network should be insecure
January 07, 2018, 07:47:43 PM
deCRED is a deflationary cryptocurrency like bitcoin with a same supply and a similar emission curve but instead of halving events the block reward adjusts every 6,144 blocks (approximately 21.33 days) by reducing by a factor of 100/101.
here you can find more details about this
https://docs.decred.org/advanced/inflation/
here you can find more details about this
https://docs.decred.org/advanced/inflation/
How much of the coins was allocated to the developers? Either through voting, premine or otherwise given to them?
January 07, 2018, 01:58:19 PM
Does this coin has any block reward halving for PoW mining? Are there any future limitations for PoW block rewards besides what the pie chart says about PoW % and PoS %? Or is Proof of Work mining a constant reward until all PoW blocks has been exhausted? How many more years or months do we have before PoW is exhausted and people can only do PoS?
Check here: https://dcrstats.com/subsidy
January 07, 2018, 05:08:27 AM
deCRED is a deflationary cryptocurrency like bitcoin with a same supply and a similar emission curve but instead of halving events the block reward adjusts every 6,144 blocks (approximately 21.33 days) by reducing by a factor of 100/101.
here you can find more details about this
https://docs.decred.org/advanced/inflation/
here you can find more details about this
https://docs.decred.org/advanced/inflation/
January 07, 2018, 04:01:11 AM
Does this coin has any block reward halving for PoW mining? Are there any future limitations for PoW block rewards besides what the pie chart says about PoW % and PoS %? Or is Proof of Work mining a constant reward until all PoW blocks has been exhausted? How many more years or months do we have before PoW is exhausted and people can only do PoS?
January 06, 2018, 07:53:54 PM
Decred is working day and night, development keeps progressing. Can't wait to see it in full glory come 2018. I think it will take a place amongst the top 15 currencies. Fingers crossed. Keep up the good work.
Decred is almost all the time at the top of sprnova mining pool by the number of miners. Stable and very secure network is extremely important and brings a lot of value to the project, I think it's Decred big advantage.
January 06, 2018, 05:38:15 PM
I am really curious about the plans for privacy, is there any ideas on what tech/concepts will be used i.e. Ring signatures, ZK-SNARKS etc.
January 06, 2018, 05:22:11 PM
Decred is working day and night, development keeps progressing. Can't wait to see it in full glory come 2018. I think it will take a place amongst the top 15 currencies. Fingers crossed. Keep up the good work.
January 06, 2018, 05:11:05 PM
Has anyone else noticed the curious trend in cryptocurrency prices right now where the value of the lowest priced coins is growing by the largest % despite them having a huge coin supply? To me this says that the cryptocurrency space is overflowing with inexperienced traders/investors who have no idea what market cap is or how it's calculated. FOMO fever is the only explanation for this. People just hearing about cryptocurrency feel like they missed the boat on bitcoin and are trying to catch the next big thing. These are the same people who think that they need to be able to afford a whole coin. Take Cardano for example.. at a price of ~$1 it seems like a steal and people like owning a whole coin of something instead of a small fraction of a bitcoin, but then you look closer and see that there is a whopping 25,927,070,538 ADA. That's about 1500x more coins than bitcoin! In a rational market scarcity is what drives up price and many of these coins have billions yet this market seems to be unable to do basic math and rewards it! Crazy.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
I completely agree, just by talking to friends who are noobs to the space, constant questions about ripple and litecoin, because bitcoin is to expensive. Just look at every coin under a dollar. I realized Decred has such low volume because of the sacristy, and half being lock up. the other 3 million seem to just be getting HODLED by people who realize what they have. The project is still young, just wait till more of the coin supply is out. It's just a matter of time
January 06, 2018, 02:35:16 AM
Wow, so unimaginable that when I left Singapore it was only $ 30 and now it has reached $ 120，do well
January 06, 2018, 01:44:07 AM
Has anyone else noticed the curious trend in cryptocurrency prices right now where the value of the lowest priced coins is growing by the largest % despite them having a huge coin supply? To me this says that the cryptocurrency space is overflowing with inexperienced traders/investors who have no idea what market cap is or how it's calculated. FOMO fever is the only explanation for this. People just hearing about cryptocurrency feel like they missed the boat on bitcoin and are trying to catch the next big thing. These are the same people who think that they need to be able to afford a whole coin. Take Cardano for example.. at a price of ~$1 it seems like a steal and people like owning a whole coin of something instead of a small fraction of a bitcoin, but then you look closer and see that there is a whopping 25,927,070,538 ADA. That's about 1500x more coins than bitcoin! In a rational market scarcity is what drives up price and many of these coins have billions yet this market seems to be unable to do basic math and rewards it! Crazy.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Agree with everything you said + the disclaimer. Although I do trade a little with small % of portfolio when chance occurs
What do you think the long term value should be?
I'd be lying if I claimed to know what the long term price should be. Price discovery should happen naturally as a result of the free markets. With that being said, based on the current total cryptocurrency market cap, the limited circulating coin supply, the talented Devs, and what I believe to be superior tech of Decred, I think the price of Decred should be over $1000 relative to the other coins once the attention shifts from quick buck pump and dump coins to legitimate society altering technologies.
The reason why I think the price of Decred must be stated in terms relative to other coins and the total cryptocurrency market is because to some degree cryptocurrency is still an experiment. A few assumptions are being made in order to get to these growing valuations.
1) That the consensus mechanisms underlying POW and/or POS cannot be undermined. To this date there have been no successful hacks or exploits on bitcoins code but in the unlikely event that one is found there would be a devastating correction on the entire market. 9+ years of the brightest white and black hat hackers attacking bitcoin's network have not found anything so this is a great indicator of confidence in the network but on the other hand look at the latest security vulnerability in intel chips.. anything is possible. The stakes are high but so are the rewards. For the first time in human history people have the option to be in control of their own money (you are not in control of the money you store in banks).
2) Mass adoption and acceptance of cryptocurrency as a store of value is coming and will lead to large institutions and 401k funds to begin allocating a percentage of assets into cryptocurrency as part of a diversified portfolio.
3) They will be able to scale. This is not just Decred's challenge but all cryptocurrency will need to be able to increase the number of transactions per second if they are to cut out the middlemen (visa/banks) and be used for everyday transactions (like daily coffee) as promised in the original bitcoin whitepaper. This is an active area of research and development.
And a couple Decred specific assumptions:
4) Decred's governance and superior tech is finally recognized by the market. The truth is that many people haven't even heard of Decred. If Decred is added to more exchanges such as Coinbase and exchanges in the eastern markets, awareness and acceptability will increase. Yes this is true for all coins but the point here is that if people had more time to understand the technology behind the coins they are buying they would understand that Decred is a better mousetrap. Who wouldn't buy the better mousetrap?
5) Decred is resistant to forking which siphons off value from the main chain and errodes confidence. This is by design because Decred stakeholders have a voice via stake voting unlike bitcoin. People don't want to have to ask themselves if they are holding the right "flavor" of bitcoin every morning due to the endless forks that are a result of their dysfunctional governance.
6) Decred's performance relative to other cryptocurrencies will increase. Decred can totally replace bitcoin, bitcoin does nothing that Decred doesn't do better. It can also siphon value from other coins with weaker governance (DASH) and if the privacy features are good can siphon value from the leading anonymous coins (ZEC, ZEN, ZCL, XMR, etc). This has not happened yet but is likely to happen since Decred in theory is much more agile than other currencies due to it's built in voting. As was seen in the speed in which lightning network integration was proposed, voted on, and nearly integrated Decred can quickly implement new original features as well as assimilate the best features from other cryptocurrencies and pivot the intended use as directed by the stakeholders votes. (Decred Dev's please correct me if I am over promising but this is how I understand it)
7) This is a more minor point. When Decred Asics are introduced it might remove the constant sell pressure caused by Claymore Dual mining. I'm not sure that I buy that Decred asic owners are more likely to hold onto coins. I also haven't decided whether I think that asics are good or bad for the network but I think this is worth noting as removal of significant sell pressure would quicken the price discovery.
If those assumptions are true then the total cryptocurrency marketcap will raise to at least several trillion and therefore in the coming years the price will increase many fold. No one will believe me if I post a long term sustainable price because human minds are trained to think linearly however increases in network usage affect the price of a limited supply of coins exponentially. I think it will go beyond bitcoin's current value.
Very well said. Decred had a real chance of replacing Bitcoin as the store of value coin (digital gold), or at least it will likely be one of the few strong store of value coins. The chosen store of value coin(s) will be the highest price cryptoasset in the long run (from the book Cryptoassets). Sure I own 20 or so different coins, but Decred is the only one on the do not sell ANY for 3+ years list. Seriously hodl this one tight.
Please, read from my soul more.
January 05, 2018, 10:50:58 PM
Hey guys, I'm new, have just found Decred, so can anyone tell what are they now? How are they doing now? Need someone's experience about using their wallet, how safe it is? I want start using it.
Welcome! Follow the guide on Decred's official website.https://www.decred.org/#guide
You can download a wallet suitable for your OS or you can use web wallet.
It is not difficult at all.
January 05, 2018, 10:44:31 PM
Hello Decred,
I have a problem with my wallet on mac book, my wallet is loading nothing i see only a logo. Is it possible te reinstall a new wallet by using my seed?
Best Regards
I have a problem with my wallet on mac book, my wallet is loading nothing i see only a logo. Is it possible te reinstall a new wallet by using my seed?
Best Regards
As long as you have your seed you can always do a reinstall of every wallet for decred. Just fill in the seed again and you will have your balance back. I don't know why it's not loading though
January 05, 2018, 06:27:27 PM
Hello Decred,
I have a problem with my wallet on mac book, my wallet is loading nothing i see only a logo. Is it possible te reinstall a new wallet by using my seed?
Best Regards
I have a problem with my wallet on mac book, my wallet is loading nothing i see only a logo. Is it possible te reinstall a new wallet by using my seed?
Best Regards
January 05, 2018, 03:37:54 PM
Has anyone else noticed the curious trend in cryptocurrency prices right now where the value of the lowest priced coins is growing by the largest % despite them having a huge coin supply? To me this says that the cryptocurrency space is overflowing with inexperienced traders/investors who have no idea what market cap is or how it's calculated. FOMO fever is the only explanation for this. People just hearing about cryptocurrency feel like they missed the boat on bitcoin and are trying to catch the next big thing. These are the same people who think that they need to be able to afford a whole coin. Take Cardano for example.. at a price of ~$1 it seems like a steal and people like owning a whole coin of something instead of a small fraction of a bitcoin, but then you look closer and see that there is a whopping 25,927,070,538 ADA. That's about 1500x more coins than bitcoin! In a rational market scarcity is what drives up price and many of these coins have billions yet this market seems to be unable to do basic math and rewards it! Crazy.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Agree with everything you said + the disclaimer. Although I do trade a little with small % of portfolio when chance occurs
What do you think the long term value should be?
I'd be lying if I claimed to know what the long term price should be. Price discovery should happen naturally as a result of the free markets. With that being said, based on the current total cryptocurrency market cap, the limited circulating coin supply, the talented Devs, and what I believe to be superior tech of Decred, I think the price of Decred should be over $1000 relative to the other coins once the attention shifts from quick buck pump and dump coins to legitimate society altering technologies.
The reason why I think the price of Decred must be stated in terms relative to other coins and the total cryptocurrency market is because to some degree cryptocurrency is still an experiment. A few assumptions are being made in order to get to these growing valuations.
1) That the consensus mechanisms underlying POW and/or POS cannot be undermined. To this date there have been no successful hacks or exploits on bitcoins code but in the unlikely event that one is found there would be a devastating correction on the entire market. 9+ years of the brightest white and black hat hackers attacking bitcoin's network have not found anything so this is a great indicator of confidence in the network but on the other hand look at the latest security vulnerability in intel chips.. anything is possible. The stakes are high but so are the rewards. For the first time in human history people have the option to be in control of their own money (you are not in control of the money you store in banks).
2) Mass adoption and acceptance of cryptocurrency as a store of value is coming and will lead to large institutions and 401k funds to begin allocating a percentage of assets into cryptocurrency as part of a diversified portfolio.
3) They will be able to scale. This is not just Decred's challenge but all cryptocurrency will need to be able to increase the number of transactions per second if they are to cut out the middlemen (visa/banks) and be used for everyday transactions (like daily coffee) as promised in the original bitcoin whitepaper. This is an active area of research and development.
And a couple Decred specific assumptions:
4) Decred's governance and superior tech is finally recognized by the market. The truth is that many people haven't even heard of Decred. If Decred is added to more exchanges such as Coinbase and exchanges in the eastern markets, awareness and acceptability will increase. Yes this is true for all coins but the point here is that if people had more time to understand the technology behind the coins they are buying they would understand that Decred is a better mousetrap. Who wouldn't buy the better mousetrap?
5) Decred is resistant to forking which siphons off value from the main chain and errodes confidence. This is by design because Decred stakeholders have a voice via stake voting unlike bitcoin. People don't want to have to ask themselves if they are holding the right "flavor" of bitcoin every morning due to the endless forks that are a result of their dysfunctional governance.
6) Decred's performance relative to other cryptocurrencies will increase. Decred can totally replace bitcoin, bitcoin does nothing that Decred doesn't do better. It can also siphon value from other coins with weaker governance (DASH) and if the privacy features are good can siphon value from the leading anonymous coins (ZEC, ZEN, ZCL, XMR, etc). This has not happened yet but is likely to happen since Decred in theory is much more agile than other currencies due to it's built in voting. As was seen in the speed in which lightning network integration was proposed, voted on, and nearly integrated Decred can quickly implement new original features as well as assimilate the best features from other cryptocurrencies and pivot the intended use as directed by the stakeholders votes. (Decred Dev's please correct me if I am over promising but this is how I understand it)
7) This is a more minor point. When Decred Asics are introduced it might remove the constant sell pressure caused by Claymore Dual mining. I'm not sure that I buy that Decred asic owners are more likely to hold onto coins. I also haven't decided whether I think that asics are good or bad for the network but I think this is worth noting as removal of significant sell pressure would quicken the price discovery.
If those assumptions are true then the total cryptocurrency marketcap will raise to at least several trillion and therefore in the coming years the price will increase many fold. No one will believe me if I post a long term sustainable price because human minds are trained to think linearly however increases in network usage affect the price of a limited supply of coins exponentially. I think it will go beyond bitcoin's current value.
nice post this sums up large part of how I think about decred as well
. Although I think we need more exposier to gain real succes. More exchanges and marketing. There are many really good projects(like factom and decred) that have a much lower marketcap then so many pumped up BS projects because there is no marketing. But with high liquidity and the right marketing it can be a succes maybe not for all in the long run but still some projects will because of all the attention and especially liquidity the get with it. You see it with lots of penny coins on binance lately its insane to see how some projects are pumped into oblivion while their only a few months old. I understand that decred first want to build a solid network and that is/was fine by me but I think now it needs to step up with marketing, exchanges to gain more liquidity, cause the liquidity for decred is really bad imo. Its the only thing about decred that really worries me. And I know that some maybe most people here will say it will come when the tech is done and that is partially true but it will be so much more if the attention was on decred already. We are missing out on a lot of new interested people that just never heard of us, let alone understand why decred is such a beautiful project. You cant expect for all these new people coming to crypto to research and understand all projects of the top 200 on coinmarketcap. I sincerely hope this will be more addressed on the short term. Not always the best technology wins in the end it must be a combination of good developers, groundwork, vision but also marketing and liquidity without those people just wont notice decred. I hope we can vote on some marketing proposals in the near future.
I will hold though been holding for almost 2 years now. lots of good things coming in 2018 that make me very excited about decred. Its just that I hope people will notice decred more in 2018 trough some marketing and liquidity then we have seen in 2017.
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