Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
by
Godson_Mansa
on 01/02/2016, 00:21:16 UTC

I am part of Decred community whether you like it or not. But being part of Decred community doesn't mean I give unconditional support...

The one thing I really dislike here is "minority exclusion", i.e. voting system 66% threshold as well as public appeals to ignore community members...

I don't like it scambo, but hey do as you wish, your a free man, lol. OK, stay alert.

I don't mind the 66% threshold in theory. It should make change easier, to foster innovation in the bitcoin space.
Of course, in practice the decred devs/c0 will be able to outvote everyone else, what they say goes.
Shame decred did not take the opportunity to address the pressing need in bitcoin, the block size! that would be more innovative/insightful.

Scam, you must see many similarities between decred and neucoin? (or others)
Of course repackaged, reworked, reinvented.

Ok, credit if decred get the PoS pool up and running at launch. They should admit it was my due diligence (fud) that caused this turnaround.

But they were going to launch without a pool, effectively leaving "us" PoS-less.
And we know what happens when an entity controlls over 50% PoS, (which decred/c0 effectively still will, but less so) they "outvote others" to rewards.
(they effectively compound their PoS and buy tickets cheaper due to quicker rewards)

Now I don't mind ANY of this, I just want anyone with "real interest" in this to understand better.
In effect the PoS share will not be 50% decred/c0, 50% airdrop, but vastly more in favour of decred/c0 (for various reasons, some stated)
If decred explained this, fine. But they don't. (being as decred is marketed as a coin for "devs", serious players and knowledgeable people)
Being told to shut up by decreders and blanked by anonymous _ingsoc is quite familiar?

And my figures on the "$0.49" price tag allotted to repay decred/c0 in relation to a "working price" of $1.00, set by the boss Beyondtext?
Fobbed off by "the thickest one of the group" anonymous _ingsoc. (her own words not mine)

I can't get an intelligent reply to anything here. I know my lines of enquiry are uncomfortable. More so if things are being hidden I imagine.

I'm seeing many similarities to neucoin,

founders (claim to) work for years on development.
Large Premine
Founders get 2x value of dev pre-launch input repaid. (in relation to "sustainable price" of $1.00 - Beyondtext)
Founders get 450,000(?) decred PoS on top, for no extra work "hidden bonus" (this is not dev fund money. c0 money)
Founders pre-launch input "package" ammounts to 1,300,000 decred in year 1, far more than "implied" (and continue after that)
decred need to trade at $1.00 to self fund on "workable" scale.
Incompatible mathematical evaluations.
Lots of reorgs and unluck PoS miners. (expected)
"Dev fund" starts empty. No project development for some time until funds are accumulated?
Founders "hidden bonus" 1st yr PoS yields more decred than the Dev funds "10% of all blocks"
DHG (dev fund) controlled by founders.
Block explorer promised due to my due diligence. (waiting on fulfilment)
Launch delayed to create essential PoS pool due to my due dilegence. (but no acknowledgement to me. didn't see any other "users" complain)

Also,
Anonymous spokesperson  _ingsoc (Sandrine?)
An owl instead of a rabbit?
Anonymous "decred" team posting.
No sign of Beyondtext here, hardly. (to clarify my figures are correct, not anonymous _ingsocs misinterpretation)

Hmmm.... you know me scam,
If I dont get genuine answers I tend to keep trying.



100% this. Decred solves nothing, and brings nothing new to the community and the 'bonus' to the devs is hilarious. Not to mention that we already know that airdrop is a terrible idea for any coin where you just arbitrarily spread 'value' to people with no involvement or effort. Airdrop is also easy as hell to fake.


We value your opinion, and it has been noted. Someone will be dispatched to address your completely subjective opinion and unfounded accusation as soon as hell freezes over.

Thank you for the constructive and well put feedback.

I know - I saw you posting something useless and figured I might try it. It can be kinda fun. At least someone may find amusement in mine.

Always fun with people that support a coin for no reason at all except maybe make a few buck and have absolutely no way of defending bad launch design or disbursement.

This coin is completely pointless and has no purpose.
we have heard you. now fuck off.
it's all fun and games cos we're bored but come launch i don't want you here.