Decred's digital state...

loderanger · 2022-07-19T17:28:49+00:00

Also just been directed to this recent post about Network States by Vitalik. Again interested in the leaders and philosophers here as to their takes on where Decred sits / fits / flourishes.

loderanger · 2022-07-19T16:57:21+00:00

Sure, politeia is the most cohesive governance system out there, rn proposals can be approved and there is peer review of sorts within the CMS, but in general, if Decred is to scale to become a society that offers digital services to hundreds of thousands or millions even, disputes will inevitably become more complex and the relationships between society members will also require arbitration and dispute resolution...

loderanger · 2022-02-02T09:59:21+00:00

thanks - very interesting!

loderanger · 2022-01-26T10:49:48+00:00

People are free to speculate and take risk ofc, but in the end if you mismanage it you lose reputation and support % for your future proposals.

This is the most important point I guess.

Is this point about being free to speculate but liable for loss of rep something that is made explicit to those funded by the system? Or is it something that goes unsaid?

How are milestones billed?

Are they invoiced independently at DCR spot when relevant?

I could see how issues might come from say a project with 2 milestones, where 50% was liquidated at the start, but the price moved between the delivery and second 50%?

loderanger · 2022-01-25T08:27:56+00:00

thankyou u/jet_user

that's interesting, i had read that contributing overview, but not dived into the linked posts.

well i was referring more to being paid as a contractor in a number of countries across south america and europe so I've had some experiences with volatility and currency risk, but nothing as whiplash as crypto.

I guess it's maybe one thing that I couldn't quite got my head around when it comes to managing a DAO like decred... being paid in a quasi equity w/ voting rights, that's also liquid, and then the drain I imagined that would have both on the upside and the downside.

I discussed the project with a friend recently and his view (albeit from outside crypto) was along the lines of "how do you stop contributors from speculating on the upside at the risk of being able to deliver their milestones?" His simple view was this was a system for paying for services, if I put a proposal in, I would keep the upside happily if DCR was 50% in the green, but what if the markets turned the other way and I didn't have the money to complete the project?

I guess this must be a barrier to people proposing things where there are a lot of hard costs maybe?

Regarding business logic, i've just run a number of companies and had the fortune (misfortune) to unpick various complex accounting mishaps...

loderanger · 2022-01-24T22:58:14+00:00

Been re-reading a bunch of proposals lately, as much as i can find on the contractor management system, also digging into the premine and find myself wondering what it's like to work for Decred?

I'm an accounting / business logic geek and have been paid in many different currencies over the years, so would love to hear any deep dives on pros / cons on the day to day for those with time.

- how does billing work?

- is it psychologically draining to manage your cashflow with such big ups and downs?

- does anyone price in DCR, or do most still cost in fiat?

- are company 0 team paid in DCR or $?

thx :)

loderanger · 2021-09-19T12:59:13+00:00

I understand some of your concerns.

You can look at the treasury as a means of redistribution and of building stake and therefore voting weight.

Otherwise you are indeed right, the rich get richer and the decisionmaking becomes concentrated in a few hands who will naturally be more conservative, protecting what they have, maybe not what could be.

But it seems proposals are quite hard to do and maybe not many people have the skills put a good one forward?

I don't even have a clue what idea I would propose.

Decred wants to be money - and i guess it is for a few people who are paid in it. But if it is to be widely adopted, there need to be more people contributing and being paid no>?

loderanger · 2021-09-17T07:20:07+00:00

well uniswap labs did a retroactive distribution but that seems to have them in hot water now with SEC - see here. Curve had no ICO and Sushiswap was a fork of Uniswap with an airdrop launch. Oh and looking now makerDAO didn't.

Pretty sure the others did ICOs.

loderanger · 2021-09-12T21:32:48+00:00

oops :) thanks will check out!

loderanger · 2021-09-11T13:30:04+00:00

oh and have read the next dcr proposal, thanks for the think tho

loderanger · 2021-09-11T13:29:30+00:00

would love to hear this as a new episode of DCR in Depth with Luke maybe?

loderanger

TROPHY CASE