Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
In my opinion, Decred was always a decent project with a dedicated team.
We can see that the development is ongoing and lately we have some strong moves upwards price wise and that is why I started to wonder what is so special about Decred, despite this what I have already mentioned?
There are other better, faster and cheaper altcoins that already are used for transfers, we have BTC which has found a place as digital gold and safe haven and to be honest I don't hear anything about Decred implementations or use cases?
Community governance sounds very good and to be honest, on this hype Decred makes his way to the top 50 on CMC, but what is the future for Decred?
We can see that the development is ongoing and lately we have some strong moves upwards price wise and that is why I started to wonder what is so special about Decred, despite this what I have already mentioned?
There are other better, faster and cheaper altcoins that already are used for transfers, we have BTC which has found a place as digital gold and safe haven and to be honest I don't hear anything about Decred implementations or use cases?
Community governance sounds very good and to be honest, on this hype Decred makes his way to the top 50 on CMC, but what is the future for Decred?
You didn't say anything about privacy and the lightning network that is already implemented in v1.5 release candidadate1 recently released
EDIT: There is no other currency as safe against attacks as decred.
DCR is more safe than bitcoin
The governance system through politeia allows any new feature on market to be implemented if the stakeholders wish.
On-chain governance system works until a motivated minority stops following the majority. Remember, changes in the network are permanent. What happens if there's a group dedicated enough not to accept those changes?
Dedicated minorities don't mean beans for Decred
Chain splits like what happened with BTC/BCH and ETH/ETC can't happen in Decred (next to impossible). Check out my earlier post for sauce:https://bitcointalk.org/index.php?topic=1290358.msg52950978#msg52950978
Can't happen? What if there was a motivated minority that didn't want the "new feature" in an upgrade? What if the majority already voted in 1GB blocks, and the minority didn't want it? What if the miners need to change the supply cap to support their costs, and the majority voted for it, but the minority didn't want it?
What would happen to the minority? They wouldn't have the ability to fork, and split away?
Unless a "minority" has sufficient voting power in the form of staked tickets, then no, they can't create a contentious hard fork. Decred is specifically designed to make contentious forks unprofitable, and in fact, costly for a minority to continue operating.
If some group doesn't ultimately agree with the majority of stakeholders, they can fork the github repo, rename it, and release their own coin.
That said, I'm pretty sure Politeia has a 60/40 approval threshold on proposals.
Or rename it to Decred Classic, "the real for-the-community Decred". I'm not sure of what's technically possible, but that was the point of the debate. On-chain governance can't stop a community of different standpoints from breaking apart, and splitting away.