Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
by
trader19
on 12/02/2017, 15:11:44 UTC

Tickets are the mechanism by which PoS works. You buy tickets which allow you to vote when your ticket is included in a block, and then also get some bonus DCR when you vote.


So at times it can be unprofitable to stake ? If the ticket price is too high? ...still trying to learn all of this.

If you are worried that you may actually lose coins because the price is too high then no. Whatever the price is, you get it back along with the bonus.
They only way to lose is if the ticket does not stake. In that case you get the price back but no bonus and you lose the transaction fee for the ticket purchase.

There is another theoretical case but it is extreme. It might be that you pay a transaction fee higher than the stake bonus. But that can't happen unless you put the fee too high on purpose.

Some people put a very high fee to buy tickets when the price is very low. Its the only way because higher paying fees get purchased first. Even in that case, at most, the fee they pay is about half the ticket bonus and depending on the low price of the ticket (to allow you to buy more tickets by locking the same amount of coins) it may or may not be worth it.

Ok I am beginning to understand this more, thank you for the help brother. However it is not the easiest thing to grasp. I can figure this stuff out but does the community have any marketing videos planned down the line? - stuff for noobs and average joe to watch and soak in. Stuff to help average people understand Decred more.
imo for that purpose and for lazy ones there is always https://evolution.dcrstats.com/en pool that takes care of it automaticly, only settings you need to set are max ticket price you are wiling to pay and max fee. easy