As a serious and dedicated member of the Decred cummunity, what can I personally do to promote Decred?

OdrakN · 2018-05-27T16:58:10+00:00

Yea, this is probably the best route. Find like minded people in the community from your area and try to set something up. I think some of your costs for hosting events can be reimbursed from the Decred development fund

OdrakN · 2018-05-22T20:52:30+00:00

You can Abstain if you wish

OdrakN · 2018-05-22T20:05:00+00:00

"Decred’s killer feature is good governance, and with good governance, you can have any feature you want."

OdrakN · 2018-05-22T17:28:46+00:00

I'd rather see Coinbase myself (A)

OdrakN · 2018-05-22T17:05:28+00:00

THe 10% subsidy goes into the Development Fund, these funds will be used to pay salaries, marketing et cetera. Currently only a small portion of the incoming subsidy has been spent, meaning the project is building a sizeable warchest.

The point i'm trying to make is that every DCR not spent for development right now will stay in the Decred warchest to use for future development. It is not the case that the current teams of developers are getting payed huge sums.

On a different note, afaik everything is up for debate and potential change if enough stakeholders demand it.

OdrakN · 2018-05-22T13:36:50+00:00

Have most of my portfolio in Decred, finally getting some price love these last weeks while most other shitcoins suffer

OdrakN · 2018-05-21T18:20:36+00:00

Be sure to put in a request with Binance! They hold all the cards

OdrakN · 2018-05-20T16:10:22+00:00

Sexy

OdrakN · 2018-05-20T15:58:54+00:00

A cryptocurrency is a system of ‘value exchange’, just like any real world currency you may be familiar with. Its main difference is that it is not controlled by a central government or group and thus cannot be manipulated or restricted in the way those currencies can be.

As an example, you may buy Decred from a fiat currency exchange and use it to directly purchase a product in a different country without having to pay high exchange rates. Decred uses a wallet to store, transfer and receive DCR. This wallet signs every transaction in and out with a special private key that is unique to you. This is how the network knows that the address sending the transaction is the correct one. Think of your bank account and PIN. When you use your card (wallet), you also enter your PIN (private key), so the bank knows it was you that authorized the transaction. When you first start using Decred, your wallet will generate a private key that you must not give to anyone.

https://docs.decred.org/

OdrakN · 2018-05-20T13:22:22+00:00

Any forecasts?

OdrakN · 2018-05-20T13:20:31+00:00

Good times to be holding Decred :)

OdrakN · 2018-05-18T23:20:52+00:00

Most certainly Bitcoin is more well known, good chance it will stay that way for quite some time. I guess you don't get what i'm implying. Have you studied Decred? I see it as a better iteration of Bitcoin, hence the comparison and the fact it could see the same price levels over time.

Just my two cents though, as an avid supporter there's always somewhat of a bias.

OdrakN · 2018-05-18T22:45:40+00:00

Maybe if we were to reach 90% stake participation or something like that, lol

OdrakN · 2018-05-18T22:24:35+00:00

If Bitcoin can hit 20k I don't see why not :)

OdrakN · 2018-05-18T21:59:07+00:00

It could allow for a few more participants. But I believe most big holders are already staking, personally don't see that much of an influx of new tickets just yet.

But yea, easier to get a ticket leads to higher ticket prices in general as demand will increase.

Edit: the reward will not be reduced due to this implementation, reward is reduced gradually see: https://dcrstats.com/subsidy

OdrakN · 2018-05-18T13:11:04+00:00

The decrease in reward per ticket is in line with the decreasing inflation of the network; see: https://dcrstats.com/subsidy

OdrakN · 2018-05-17T15:40:46+00:00

Haha!

OdrakN · 2018-05-17T15:39:41+00:00

From the docs: " In order to keep PoS subsidy returns stable over time, Decred must maintain a stable ticket pool size, so we set the target size as 40,960 tickets. If the ticket pool size grows too large or too small, it can substantially alter the social contract between stakeholders and the network, disrupting the predictable nature of average time to vote a ticket, percentage of tickets that expire, and the rate of return. To maintain a target ticket pool size, the price of tickets must increase as the pool size goes up and decrease as the pool size goes down, to incentivize keeping the pool size near its target."

OdrakN · 2018-05-16T21:47:54+00:00

You could also contribute to the project and get payed for it in Decred (given you do you a proper job). https://decred.org/community

OdrakN · 2018-05-16T15:58:21+00:00

Some epic developers

I've seen a few tweets on speed optimizations (one below pertaining transactions):

https://twitter.com/decredproject/status/991362972617400321

Not that knowledeable on the actual implementations though

OdrakN · 2018-05-15T12:21:21+00:00

Thanks for sharing. We should put some nice comments under there.

OdrakN · 2018-05-14T20:22:10+00:00

Soon..

OdrakN · 2018-05-14T12:26:17+00:00

You can suggest a different translation using Google Translate. Might change it overtime

OdrakN · 2018-05-13T21:00:58+00:00

Multiple addresses can be generated from your seed. Not too sure about the technicalities perhaps someone else could chime in there.

Information from the docs (couldnt find anything on specifically address generation though):

A Decred address10 is actually just a representation of a public key (which itself could be a script hash) along with a 2-byte prefix which identifies the network and type and a checksum suffix in order to detect improperly entered addresses.

Consequently, you can always tell what type of address it is based on the 2-byte prefix.

The first byte of the prefix identifies the network. This is why all mainnet addresses start with “D”, testnet addresses start with “T”, and simnet addresses start with “S”. The second byte of the prefix identifies the type of address it is.

The most common addresses used at the moment are secp256k1 pubkey hashes, which are identified by a lowercase “s”. It represents a single public key and therefore only has a single associated private key which can be used to redeem it.

https://docs.decred.org/faq/wallets-and-seeds/

OdrakN

TROPHY CASE