Quote from: dbt1033 on December 07, 2016, 01:43:10 AM

Quote from: proletariat on December 06, 2016, 10:45:06 PM

Quote from: dbt1033 on December 06, 2016, 10:19:56 PM

Quote from: proletariat on December 06, 2016, 10:16:43 PM

Quote from: dbt1033 on December 06, 2016, 03:54:10 PM

The 50 cent range is an interesting one because that's the value Company 0 uses to pay developers... I would expect some sideways motion here unless we are truly rekt.

well that is new Roll Eyes

... where did you get that from? If they were paying at a set rate of $.50 even when it was $2.5 that would mean a big fuck you to rest of us people buying on the exchanges.
Hope it is and always has been at market rate which would make sense else it is fuckin criminal. People aren't blind and the project has a good rep given the constant development but at what fuckin price are we getting that development? they are charging an outrageous premium if perpetual $.50 is the case, and if you add to that the fact that claymore farms are getting free dcr from mining eth then this shit is not close to the bottom, no even close.

inbefore the "claymore is not free dcr because it consumes more electrity" yeah big chinese farms interested in mining eth for profit have their full attention on ETH ... they are not going to say no to free dcr and autodump.. even dumping at 1 satoshi would be profit for them..

That's been known since the beginning... the devs can't sell their coins until Feb 2017 (when I'm expecting an uprise). How is it unfair? The dev team is paid in $DCR or has to buy $DCR with their own money. They just get a sweeter deal (the same deal you get now) because they are shouldering all of the work.

Dev team gets 10% from every block and have set an example around this context transparency wise with full accountability of how that is spent, I respect that, we're not used to that around this place.

Now my understanding was that their funding cost math resulted in $.50 / DCR, that was what it had costed them to produce everything til the mainnet genesis block. That set a precedent in terms of price discovery to let the market go wild like it is supposed to. I honestly do not remember reading about a perpetual set USD exchange rate for DCR coming out of the daily block subsidy for developers. That certainly is not fair for market participants.

It doesn't, that's for other things... Company 0 got the dev part of the premine. Devs are paid in Decred / buy their own Decred @ 50 cents. I could be wrong but that's my understanding.

Community outreach really sucks ass these days with _ingsoc being out of the picture.

Found the answer: https://forum.decred.org/threads/decred-constitution.424/

All proposals, both submitted and accepted, shall be made public one week after a proposal has been selected. Once the selection occurs, the associated RFP shall be removed. Contracted parties shall be paid exclusively in decred ("DCR") at the current effective DCR/USD rate at the time of payment, unless specifically noted otherwise.

I guess that settles it then. Didn't make sense otherwise.