Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
by
saucedaddy
on 28/02/2018, 09:06:34 UTC
How exactly do I decide what blocks are valid when voting? Why would I want to vote any block as being not valid? Not to mention that putting a "no" vote in a block I am called to vote would result (if the no prevails) in the block becoming orphan and therefore no stake reward for the ticket.

Also the whole voting/staking system is automatic. My tickets are called to vote and they do. I never choose any yes or no for the blocks, I don't even know how. I only know how to vote for other stuff when available, like the lightning network or ticket price algorithm change.

Finally, with staking pools active and used by most, you could argue that staking is also quite centralized.

I have thoroughly read the Decred Documentation https://docs.decred.org/ and could not find anything describing how to vote "yes" or "no" on individual blocks. I only found how voting works on forks - https://docs.decred.org/getting-started/user-guides/agenda-voting/. I do think this can be done algorithmically as IncludeBeer said. However the voters still receive their block subsidy even if the majority vote "no" on a block. This is because the subsidy is given whenever a voting ticket is selected to vote. The PoW and dev subsidy are lost though and any regular transactions within that block are invalidated as stated in the Decred Constitution near the bottom of the Blockchain Governance section - https://docs.decred.org/getting-started/constitution/.

You set your voting preference to "Yes", "No", or "Abstain" anytime after buying a ticket. Abstain is the default until you change it. Explained here  https://docs.decred.org/getting-started/user-guides/agenda-voting/ under Voting Preparation.

Staking pools do make the staking in Decred more centralized compared to other PoS coins but the combination of mining with staking makes Decred's consensus method more decentralized overall.

I figured it out the other day, all the info is in the documentation on the website. When your in the decredetion wallet, you go to the ticket section. So click on the right side where it says ticket below transcations and stuff and the first thing that will pop up is the section where you actually buy a ticket, at the top there is i think 4 tabs, one says my tickets the other goverance, and statistics. Click on the governance tab and it will show whats being voted on. click on that, should be a little 3 dot icon or something, and once you do that you can set your vote to one of three options. Yes, No or abstain. Automatically set to abstain unless you chose yes or no. Hope this helps