One of the altcoins Decred coin ($DCR) used to support ASIC mining, but their leadership has decided to brick all the miners and keep the rewards for staking.

It was a big shock since they were the ones to invite miners, but now they abandoned Proof of Work. They did "governance voting" with people owning the DCR supply. Turns out that over 85% of the supply are owned by the main Dev Team Leaders. Only 15% of the staked supply is in the hands of the users of public users who use their Decrediton wallet as a voting service.

Smart people can tell that 85% of supply belongs to the Devs and their affiliates: Small # of solo staking nodes, but yet controlling majority of the staked supply. Running a solo staking node is a specialized Dev task with 24/7 uptime requirements, and even a Dockerized version would require deploying and keeping up with server monitoring and node upgrades. 16M of their coins 21M supply is already in circulation, so this is a big deal.

See the data:
https://www.reddit.com/r/decred/comments/uajqf1/voting_stats_decrediton_vs_commandline/.




The biggest whales are also their forum admin. List of biggest whales identified are:

#1: Jake Yocom Piatt (Project Founder, estimated to own 2M - 3M DCR coins)
#2: Jonathan Zeppettini (Head of Operations, estimated to own >1M DCR coins)
#3: Companyzero Developers (many developers since their premine)



They did not refund the miners, and started insulting Proof of Work. Proves another bad altcoin business lesson for many people.