[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 3 KB, 920x510, 02_basics.png [View same] [iqdb] [saucenao] [google]
4033601 No.4033601 [Reply] [Original]

new video explaining Decred :
https://www.youtube.com/watch?v=GAMp5V_gG1E

thoughts anons?
can this coin be a solution to the "hard forks" problem with bitcoin? or is it just a meme?

>> No.4033617

>>4033601
>institution buys up a large amount of Decred
>can now control the entire future of it
yeah not touching this shitcoin

>> No.4033701

>>4033617
but 50% of all coins are staked, supply is limited ... staking gives 2% a month

if a institution tried to buy massive amounts of coin the price would skyrocket, making it impossible to keep buying

>> No.4033712

>>4033617
Uh, they'll need 75% of the votes to "control the entire future" of it. Good luck with that. They'll drive the price up a huge amount if they even try.

>> No.4033746

you may or may not like decred but it's definitely not just a meme. It's not just a concept either, it's already implemented and a lot of people have been working hard on it for years now

>> No.4033762

>>4033746
the dev team does look good...
they're the people who made btcd right?
the software that Lightning Network uses

>> No.4033786

Its severely undervalued and no one will give a shit until they suddenly do and you'll have missed out

>> No.4033813

>>4033786
yeah it seems so to me as well...
could this have DASH value some day ???
that's 10x from now ... could be an interesting investment, still evaluating it

>> No.4033825

>>4033762
They also made the code for atomic swaps

>> No.4033875

>>4033825
what does that mean?

>> No.4033899

>>4033875
https://blog.decred.org/2017/09/20/On-Chain-Atomic-Swaps/

>> No.4033908
File: 8 KB, 240x269, untitled-2.png [View same] [iqdb] [saucenao] [google]
4033908

> oh anon-sama, are you talking about m-me?

>> No.4033927

>>4033899
ty

>>4033908
kek

>> No.4033935

>>4033762
Yeah, unironically "solid dev team", definitely one of the best dev teams around. Very innovative. Btw, LN integration with Decred coming by the end of this month.

>>4033813
Might take a while but I can see it happening. Decred is basically Dash done right. More decentralized, more stakeholder control, honest launch, lots of thought put into the features to make it's done right instead of just tacking on "features" to pump the price.

>> No.4033968

Selling all my retarded coins for this lul

>> No.4034035

>>4033617
you would need to buy 75% of all the coins which is not possible right now, even if you have the money, since over 40% are staked (locked)

>> No.4034061

Someone explain to me why PoS consensus systems are better than DPoS systems

>> No.4034091

>>4034061
>DPoS
>Trusting a 3rd party with your funds
>In a system that was created because 3rd party trust was being abused in the old financial system.

>> No.4034122

>>4034091
DPoS does not trust your coins to a third party save when new coins are forged, and Delegates that do not adhere to their proposals properly are quickly removed from the DPoS ecosystem.

Please try again.

>> No.4034145

>>4034122
>Banks that abuse their power of fraud their customers will be regulated and prosecuted.

Some things that sound nice in theory don't work in practice, kiddo. A system is either trustless or it isn't.

>> No.4034196
File: 11 KB, 200x215, HH7hen5.jpg [View same] [iqdb] [saucenao] [google]
4034196

>>4034145
You can invite a Delegate without regulation and prosecution, you dense motherfucker. Are you only capable of conjuring straw man situations here?

>kiddo
Wow I got told

>> No.4034228

>>4034196
Unvote* not invite, oops.

>> No.4034326

>>4034061
I'm not sure what the difference between PoS and DPoS is but I do know that Decred's hbryid PoW/PoS system is quite unique from any other I've seen. If you're talking about a particular DPoS system then I could probably say what the differences are in that one and this one.

>> No.4034328

>>4034196
>>4034228
>Yet another deluded Arkie. Sad!

>> No.4034464

>>4034328
So you don't have anything else?

>>4034326
I am thinking of my favorite, which is ARK, but overall I think the consensus system is superior at a theoretical level.

>> No.4034499

>>4034464
delegation is a meme

>> No.4034527
File: 690 KB, 850x464, 1497989878584.png [View same] [iqdb] [saucenao] [google]
4034527

>>4034464

>stake your own coins, cast your own votes, in a trustless system.
>give a % of your stake to a whale, who may or may not fuck you over. If he fucks you over you have to chose another whale's dick to suck & hope this one doesn't fuck you over.

Pick 1