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Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
Gembitz - Stop wasting your life trolling here.
If you are too low IQ to understand how elegant the privacy solution that was just proposed by Decred is, you're not going to have a good time.
Very excited team. Well done! I'm looking forward to further implementation of the privacy solution into Decrediton.
If you are too low IQ to understand how elegant the privacy solution that was just proposed by Decred is, you're not going to have a good time.
Very excited team. Well done! I'm looking forward to further implementation of the privacy solution into Decrediton.
Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
poloniex was good a long time ago. Now it's just a crap exchange.
Use binance and bittrex.
Okex and several others are adding decred in the US market, what is the reason poloniex draw decred?
Just a ridiculous attempt at market manipulation or even ignorance.
They rated decred as a security token.
decred isn't a token, it is a coin. And we also didn't have ICO.
Use binance and bittrex.
Okex and several others are adding decred in the US market, what is the reason poloniex draw decred?
Just a ridiculous attempt at market manipulation or even ignorance.
They rated decred as a security token.
decred isn't a token, it is a coin. And we also didn't have ICO.
I agree that Poloniex used to be better a couple years ago. Now they are going through KYC hell and appear to have lost most of their community trust.
No big loss for DCR since their volume has declined significantly. https://pbs.twimg.com/media/D7QahFsWkAMcaAV.jpg
Re: [ANN][ZEN] ZenCash: Private, Secure, Resilient CryptoCurrency with zk-SNARKs
⭐ Merited by LeGaulois (1)
Agreed that ASICs suck. They centralize and suck value from coins. I don't believe in equality (regarding income inequality debates) but believe in equal opportunity and not everyone has access to ASICs. (To be overly frank, if you're not sucking Chinese dick you're not getting a good deal on an ASIC in the current market.)
ASICs don't centralize or suck value... the people who use them do that. And frankly, when a new coin comes on the market... what do all those GPU miners do? They centralize in pools and mine quickly... then sell off their earnings. None of those actions can be seen as altruistic on the part of GPU miners.
The reason I say ASICs suck value from coins is because ASIC manufacturers put up large capital in order to develop and manufacture them and pass the cost onto the buyers. This becomes increasingly so as the node size shrinks. A buyer might pay $10,000 for a money printing machine that has no other purpose so they are likely to immediately dump coins in order to recoup their investment. I'm mainly looking at Bitmain, all those billions in revenue were siphoned off of coins. This movement was originally piggybacked on the existing CPU & GPU distribution channels (as fair a distribution as we can hope for PoW hardware in this world). GPUs can be used for other applications and so retain value outside of mining, this results in less pressure to immediately dump coins to recoup investment. At the very least I'd say that ASIC sell pressure is heavier. My biggest concern though is that not everyone has access to ASICs and it is a much larger barrier to entry. The pool centralization issue is shared by ASICs and GPUs so I'll punt on that for now.
Another consideration is that GPU miners are becoming increasingly aware that they can subsidize their home heating costs and allows them to keep hardware online during unprofitable times which is good for network security. ASICs are loud and impractical for this.
Quote
In addition to ZEN the same crisis is being faced by Ethereum and Decred who have recently succumb to ASICs, pushing out GPU miners. I think a solid argument can be made that individuals being able to participate in mining adds value to projects from levels ranging from a gamer mining with a single GPU to larger home miners with 250+ GPUs.
So what's the difference between a hobby miner with one ASIC and a "pro" with 250+ ASICs... and your one GPU gamer and "large" home miner with 250+ GPUs?
I think there is a contradiction between your stance that ASICs "centralize" coins when you accept that 250+ GPU "home miners" are ok. That many GPUs is a business, not a hobby.
I think there is a contradiction between your stance that ASICs "centralize" coins when you accept that 250+ GPU "home miners" are ok. That many GPUs is a business, not a hobby.
I don't see 250+ GPU home miners as a threat to centralization. They are spread throughout regions, on different power grids, on different internet backbones, and most importantly they are controlled by us free thinking individuals. Many of us privacy advocates cannot be bought out or coerced to behave maliciously and attack the network. An entity like Bitmain with massive warehouses that stretch farther than the eye can see are centralized, influenced politically, and corruptible.
Quote
I'd like to invite everyone to perform a thought experiment and ask themselves if Bitcoin (the coin with the first mover advantage) would be any different had they chosen to fork off ASICs. The answer to what the ZEN team should do probably lies at the end of this discussion.
In what way did ASICs coming to bitcoin hurt the value or usability of the coin?
My point here is that I think Bitcoin would be at least as successful as it is today if not more so had they forked off ASICs due to even better network effects. Back in 2009 Satoshi didn't have more promising ASIC resistant algorithms like Ethash, ProgPOW, or memory bandwidth constrained algos. There was also no precedent for how things would play out. Bitcoin has a dysfunctional governance that innovates too slow but that is why we're here in the altcoin section looking to ZEN to carry the torch!
People smarter than I have wrote convincing arguments as to why ASICs should be embraced but I think that while they are technically sound they might be missing the social aspects of cryptocurrency.
These are the best resources I have found:
https://www.reddit.com/r/decred/comments/7dedss/asics_or/
https://download.wpsoftware.net/bitcoin/asic-faq.pdf
I really don't want to go down in history as calling the losing side on the ASIC debate but at least I'll choose the side that's consistent with my values.
Re: [ANN][ZEN] ZenCash: Private, Secure, Resilient CryptoCurrency with zk-SNARKs
⭐ Merited by MagicSmoker (1)
Did you count the opportunity cost if you would just run secure nodes?
That really sad to hear about mining right now, but we all know that this will change as soon as markets go up.
It's just the question of time
That really sad to hear about mining right now, but we all know that this will change as soon as markets go up.
It's just the question of time
To hell with running a secure node. If I can't mine, I'm NOT going to look into running a node. I'll probably end up selling all of my hardware [And I have a LOT of hardware for a home miner - over 230 GPU's with peripherals]. I'll probably end up spending all of my time and energy on my trading signal and trading education website that's going LIVE in 30 to 45 days.
I sure as hell will not buy ASIC's ever again. I got out of the ASIC game in February, 2016 and invested in GPU's. Now I'm getting out of GPU's. Maybe, I'll get back into GPU's again in the future. I just can't compete anymore at current price and difficulty. It's just not worth it.
Yes, it would be nice if the price of all coins would go up now. That would alleviate some of the pain from lost profits. However, it would need to rise considerably very soon for me to consider keeping the remaining hardware I have. At least that's the way my situation is. How so? Because I'm my own boss. I haven't worked for anyone else since March, 2010. I've supported my family on mining and trading since 2014. Mining is about dead and now I have to rely on my trading skills I've developed since 2014.
Agreed that ASICs suck. They centralize and suck value from coins. I don't believe in equality (regarding income inequality debates) but believe in equal opportunity and not everyone has access to ASICs. (To be overly frank, if you're not sucking Chinese dick you're not getting a good deal on an ASIC in the current market.)
In addition to ZEN the same crisis is being faced by Ethereum and Decred who have recently succumb to ASICs, pushing out GPU miners. I think a solid argument can be made that individuals being able to participate in mining adds value to projects from levels ranging from a gamer mining with a single GPU to larger home miners with 250+ GPUs.
"Cryptocurrencies are as much of a social phenomenon as they are a technical innovation. If your community isnt building with your cryptocurrency they arent becoming attached to it. When people put labor, whether thats running a node or a meetup, into a cryptocurrency they become intrinsically invested in it. That hardens their convictions, solidifies their beliefs, and can turn people who came to your platform as mercenaries into missionaries."
https://messari.io/news/dae50c46-e7c7-487e-b3a6-22977809fede
I'd like to invite everyone to perform a thought experiment and ask themselves if Bitcoin (the coin with the first mover advantage) would be any different had they chosen to fork off ASICs. The answer to what the ZEN team should do probably lies at the end of this discussion.
Re: Claymore's Dual Ethereum AMD+NVIDIA GPU Miner v11.0 (Windows/Linux)
I'm also experiencing high rejects and intermittent server disconnects on UniMining mining blake2s (XVG) since this morning.
I reached out to UniMining.net in their thread.
https://bitcointalk.org/index.php?topic=2156784.new#new
I reached out to UniMining.net in their thread.
https://bitcointalk.org/index.php?topic=2156784.new#new
Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
Looks like Bitmain came out with asics for sia, do you think its possible they have or soon will have asics for Decred since the algos are similar?
very likely they surely don't lack of expertise for doing that could be the foruth competitor after oblisk, dcrasic and baikal.
It's not over until it's over....
From SIA developers regarding Bitmain Asics...
We prepared for something like this by adding an extra feature to the SC1. We can do a soft-fork that slightly changes the PoW algorithm which would invalidate the bitmain ASICs, but allow the SC1 units to continue working.
Let the games begin!
From SIA developers regarding Bitmain Asics...
We prepared for something like this by adding an extra feature to the SC1. We can do a soft-fork that slightly changes the PoW algorithm which would invalidate the bitmain ASICs, but allow the SC1 units to continue working.
Let the games begin!
I stumbled upon this on another thread. This adds an unexpected layer of politics to the matter.
Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
Has anyone else noticed the curious trend in cryptocurrency prices right now where the value of the lowest priced coins is growing by the largest % despite them having a huge coin supply? To me this says that the cryptocurrency space is overflowing with inexperienced traders/investors who have no idea what market cap is or how it's calculated. FOMO fever is the only explanation for this. People just hearing about cryptocurrency feel like they missed the boat on bitcoin and are trying to catch the next big thing. These are the same people who think that they need to be able to afford a whole coin. Take Cardano for example.. at a price of ~$1 it seems like a steal and people like owning a whole coin of something instead of a small fraction of a bitcoin, but then you look closer and see that there is a whopping 25,927,070,538 ADA. That's about 1500x more coins than bitcoin! In a rational market scarcity is what drives up price and many of these coins have billions yet this market seems to be unable to do basic math and rewards it! Crazy.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Agree with everything you said + the disclaimer. Although I do trade a little with small % of portfolio when chance occurs
What do you think the long term value should be?
I'd be lying if I claimed to know what the long term price should be. Price discovery should happen naturally as a result of the free markets. With that being said, based on the current total cryptocurrency market cap, the limited circulating coin supply, the talented Devs, and what I believe to be superior tech of Decred, I think the price of Decred should be over $1000 relative to the other coins once the attention shifts from quick buck pump and dump coins to legitimate society altering technologies.
The reason why I think the price of Decred must be stated in terms relative to other coins and the total cryptocurrency market is because to some degree cryptocurrency is still an experiment. A few assumptions are being made in order to get to these growing valuations.
1) That the consensus mechanisms underlying POW and/or POS cannot be undermined. To this date there have been no successful hacks or exploits on bitcoins code but in the unlikely event that one is found there would be a devastating correction on the entire market. 9+ years of the brightest white and black hat hackers attacking bitcoin's network have not found anything so this is a great indicator of confidence in the network but on the other hand look at the latest security vulnerability in intel chips.. anything is possible. The stakes are high but so are the rewards. For the first time in human history people have the option to be in control of their own money (you are not in control of the money you store in banks).
2) Mass adoption and acceptance of cryptocurrency as a store of value is coming and will lead to large institutions and 401k funds to begin allocating a percentage of assets into cryptocurrency as part of a diversified portfolio.
3) They will be able to scale. This is not just Decred's challenge but all cryptocurrency will need to be able to increase the number of transactions per second if they are to cut out the middlemen (visa/banks) and be used for everyday transactions (like daily coffee) as promised in the original bitcoin whitepaper. This is an active area of research and development.
And a couple Decred specific assumptions:
4) Decred's governance and superior tech is finally recognized by the market. The truth is that many people haven't even heard of Decred. If Decred is added to more exchanges such as Coinbase and exchanges in the eastern markets, awareness and acceptability will increase. Yes this is true for all coins but the point here is that if people had more time to understand the technology behind the coins they are buying they would understand that Decred is a better mousetrap. Who wouldn't buy the better mousetrap?
5) Decred is resistant to forking which siphons off value from the main chain and errodes confidence. This is by design because Decred stakeholders have a voice via stake voting unlike bitcoin. People don't want to have to ask themselves if they are holding the right "flavor" of bitcoin every morning due to the endless forks that are a result of their dysfunctional governance.
6) Decred's performance relative to other cryptocurrencies will increase. Decred can totally replace bitcoin, bitcoin does nothing that Decred doesn't do better. It can also siphon value from other coins with weaker governance (DASH) and if the privacy features are good can siphon value from the leading anonymous coins (ZEC, ZEN, ZCL, XMR, etc). This has not happened yet but is likely to happen since Decred in theory is much more agile than other currencies due to it's built in voting. As was seen in the speed in which lightning network integration was proposed, voted on, and nearly integrated Decred can quickly implement new original features as well as assimilate the best features from other cryptocurrencies and pivot the intended use as directed by the stakeholders votes. (Decred Dev's please correct me if I am over promising but this is how I understand it)
7) This is a more minor point. When Decred Asics are introduced it might remove the constant sell pressure caused by Claymore Dual mining. I'm not sure that I buy that Decred asic owners are more likely to hold onto coins. I also haven't decided whether I think that asics are good or bad for the network but I think this is worth noting as removal of significant sell pressure would quicken the price discovery.
If those assumptions are true then the total cryptocurrency marketcap will raise to at least several trillion and therefore in the coming years the price will increase many fold. No one will believe me if I post a long term sustainable price because human minds are trained to think linearly however increases in network usage affect the price of a limited supply of coins exponentially. I think it will go beyond bitcoin's current value.
Right on point.
But ASICs though ... I ask you one thing ... is a China asic farm contributing to decentralization?
I really hope we get to vote on introducing a multi algorithm POW model like verge or joincoin.
List of good algos to chose from:
Blake - ASIC algo soon
dagger hashimoto - GPU algo (memory bandwidth bottlenecked and therefore asic resistant)
scrypt high n-factor - CPU algo (even more memory hard), cryptonight would also work
proof of capacity like Burst - HDD algo (sooo memory hard that the most useful device is a HDD where nonces are precalculated and stored)
This is decentralization if you ask me ... worthy of the name DE cred.
POW is in essence more about distributing (decentralizing the distribution) of coins than it is about securing the network. Doesn't mean the network should be insecure
I agree that ASICs are not an ideal form of decentralization and that is a very good point that distributing the coins is an often overlooked aspect of decentralization in many other projects.
Vitalik Buterin whom I consider one of the greatest system architects of our time, gave a talk back in December regarding decentralization where he broke it into 3 components.
A) Architectural decentralization - is it one physical system or many physical systems? (ASICs are not as good for this compared to GPUs but the concentration of hashpower into only several mining pools might be a bigger problem)
B) Political decentralization - is it controlled by one person or entity or many? (With bitcoin, ASIC miners controlled the power. With Decred this is offset by stake miners but ASICs indirectly allow ASIC miners to accumulate more political power than they otherwise would've had assuming they hold the coins. It also takes away a low barrier entry point opportunity for new people getting into the space such as a gamer who isn't convinced enough to go through the hurdles of signing up for an exchange and buying coins yet, but would pay indirectly for Decred through their electricity bill.)
C) Logical decentralization - is the interface or data structure a singleton, or an amorphous swarm?
I see pros and cons to Decred ASICs. In the short term, allowing Decred ASICs that are being distributed to those that pre-ordered to come online this year reduces the risk of a private entity (government etc) developing them and attacking the network with excessive hashpower or mining for themselves to amass the political voting power over time.
I didn't get in on the pre-order and am not very fond of owning ASIC Miners as they are usually noisy and impractical to run in homes. I like GPUs because they are flexible. They allow the vast majority to contribute to the network and no government entity could step in and stop mining by banning GPUs since they are the exact same hardware used for gaming.
I'm hesitant on switching to multi-algorithms because it could increase the complexity of the code thus making the implementation of future must-have features harder. This is really the talented Devs call though.
I wouldn't be opposed to switching to a GPU algo that is ASIC resistant in the future but think it needs to be done in a way that does not fracture the community. One possibility is to inform the community of the algo switch with enough notice so that the existing ASIC owners have enough mining time to recoup their investments, (and then some) and so that no one gets burned by expanding with ASICs that would soon be useless.
Overall I see this as an item on the agenda in the future but top priority should be completing the core features that differentiate this project from all the rest.
Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
Has anyone else noticed the curious trend in cryptocurrency prices right now where the value of the lowest priced coins is growing by the largest % despite them having a huge coin supply? To me this says that the cryptocurrency space is overflowing with inexperienced traders/investors who have no idea what market cap is or how it's calculated. FOMO fever is the only explanation for this. People just hearing about cryptocurrency feel like they missed the boat on bitcoin and are trying to catch the next big thing. These are the same people who think that they need to be able to afford a whole coin. Take Cardano for example.. at a price of ~$1 it seems like a steal and people like owning a whole coin of something instead of a small fraction of a bitcoin, but then you look closer and see that there is a whopping 25,927,070,538 ADA. That's about 1500x more coins than bitcoin! In a rational market scarcity is what drives up price and many of these coins have billions yet this market seems to be unable to do basic math and rewards it! Crazy.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Agree with everything you said + the disclaimer. Although I do trade a little with small % of portfolio when chance occurs
What do you think the long term value should be?
I'd be lying if I claimed to know what the long term price should be. Price discovery should happen naturally as a result of the free markets. With that being said, based on the current total cryptocurrency market cap, the limited circulating coin supply, the talented Devs, and what I believe to be superior tech of Decred, I think the price of Decred should be over $1000 relative to the other coins once the attention shifts from quick buck pump and dump coins to legitimate society altering technologies.
The reason why I think the price of Decred must be stated in terms relative to other coins and the total cryptocurrency market is because to some degree cryptocurrency is still an experiment. A few assumptions are being made in order to get to these growing valuations.
1) That the consensus mechanisms underlying POW and/or POS cannot be undermined. To this date there have been no successful hacks or exploits on bitcoins code but in the unlikely event that one is found there would be a devastating correction on the entire market. 9+ years of the brightest white and black hat hackers attacking bitcoin's network have not found anything so this is a great indicator of confidence in the network but on the other hand look at the latest security vulnerability in intel chips.. anything is possible. The stakes are high but so are the rewards. For the first time in human history people have the option to be in control of their own money (you are not in control of the money you store in banks).
2) Mass adoption and acceptance of cryptocurrency as a store of value is coming and will lead to large institutions and 401k funds to begin allocating a percentage of assets into cryptocurrency as part of a diversified portfolio.
3) They will be able to scale. This is not just Decred's challenge but all cryptocurrency will need to be able to increase the number of transactions per second if they are to cut out the middlemen (visa/banks) and be used for everyday transactions (like daily coffee) as promised in the original bitcoin whitepaper. This is an active area of research and development.
And a couple Decred specific assumptions:
4) Decred's governance and superior tech is finally recognized by the market. The truth is that many people haven't even heard of Decred. If Decred is added to more exchanges such as Coinbase and exchanges in the eastern markets, awareness and acceptability will increase. Yes this is true for all coins but the point here is that if people had more time to understand the technology behind the coins they are buying they would understand that Decred is a better mousetrap. Who wouldn't buy the better mousetrap?
5) Decred is resistant to forking which siphons off value from the main chain and errodes confidence. This is by design because Decred stakeholders have a voice via stake voting unlike bitcoin. People don't want to have to ask themselves if they are holding the right "flavor" of bitcoin every morning due to the endless forks that are a result of their dysfunctional governance.
6) Decred's performance relative to other cryptocurrencies will increase. Decred can totally replace bitcoin, bitcoin does nothing that Decred doesn't do better. It can also siphon value from other coins with weaker governance (DASH) and if the privacy features are good can siphon value from the leading anonymous coins (ZEC, ZEN, ZCL, XMR, etc). This has not happened yet but is likely to happen since Decred in theory is much more agile than other currencies due to it's built in voting. As was seen in the speed in which lightning network integration was proposed, voted on, and nearly integrated Decred can quickly implement new original features as well as assimilate the best features from other cryptocurrencies and pivot the intended use as directed by the stakeholders votes. (Decred Dev's please correct me if I am over promising but this is how I understand it)
7) This is a more minor point. When Decred Asics are introduced it might remove the constant sell pressure caused by Claymore Dual mining. I'm not sure that I buy that Decred asic owners are more likely to hold onto coins. I also haven't decided whether I think that asics are good or bad for the network but I think this is worth noting as removal of significant sell pressure would quicken the price discovery.
If those assumptions are true then the total cryptocurrency marketcap will raise to at least several trillion and therefore in the coming years the price will increase many fold. No one will believe me if I post a long term sustainable price because human minds are trained to think linearly however increases in network usage affect the price of a limited supply of coins exponentially. I think it will go beyond bitcoin's current value.
Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
Has anyone else noticed the curious trend in cryptocurrency prices right now where the value of the lowest priced coins is growing by the largest % despite them having a huge coin supply? To me this says that the cryptocurrency space is overflowing with inexperienced traders/investors who have no idea what market cap is or how it's calculated. FOMO fever is the only explanation for this. People just hearing about cryptocurrency feel like they missed the boat on bitcoin and are trying to catch the next big thing. These are the same people who think that they need to be able to afford a whole coin. Take Cardano for example.. at a price of ~$1 it seems like a steal and people like owning a whole coin of something instead of a small fraction of a bitcoin, but then you look closer and see that there is a whopping 25,927,070,538 ADA. That's about 1500x more coins than bitcoin! In a rational market scarcity is what drives up price and many of these coins have billions yet this market seems to be unable to do basic math and rewards it! Crazy.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Why is this relevant to Decred?
Decred ($109, 6,491,330 DCR) has the smallest circulating supply of the top 50 coins with the exception of only Veritaseum ($377, 2,036,645 VERI) and ZCash ($578, 2,948,644). (Bitconnect doesn't count because it is a ponzi scheme) Now cut the circulating Decred coin supply in half due to them being locked up in POS mining. On this simple metric alone the price of Decred in the current market landscape should be so much higher. If and when this irrational market we find ourselves in ever starts to resemble reality then it will put a smile on Decred holders.
Disclaimer: I don't care about technical analysis or swing trading at all. I only hold coins long term for the projects I believe in. In this case it looks like the Decred price is still at least an order of magnitude lower than it should be.
Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
Is the Decred Paymetheus wallet still supported or not? Or is it replaced by this Decredition wallet?
The wallet is supported for now, but not much further development is expected. Eventually Decredition will be the only supported wallet.
Can you tell me the big difference between Paymetheus Wallet and Decredition Wallet?
Are there any caveats for migration?
I migrated from Paymetheus to the Decredition wallet some months ago primarily because I was looking for better staking control and am very happy I did so. As long as you have your seed words you can always regenerate your wallet.
Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
Decred is the coin that people buying Dash think they're getting. With Dash price at $700, imagine once everyone figures out that Decred is functionally the best implementation of blockchain as a currency. Good things will come to those who are patient
Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
I'd like to support the Decred network and stumbled upon a thread regarding a shortage of active nodes on the network. Is simply running the Decredition wallet 24/7 not enough to be counted as an active node? If not, are there any plans to allow for this simplicity without extra port forwarding steps or VPNs which many non-network savy people will not follow? I do not wish to just be a leech of the blockchain and I think that the wallet should allow for downloading the blockchain from all available peers (torrent style). I'm not sure if Decred differs at all from how all the other cryptocurrency wallets function but it seems to me this would be ideal. Please correct me if I'm misinformed.
Active Node List
https://dcrstats.com/map
Relevant Thread
https://forum.decred.org/threads/how-dcrd-works-and-the-shortage-of-public-dcrd-nodes.1371/
Active Node List
https://dcrstats.com/map
Relevant Thread
https://forum.decred.org/threads/how-dcrd-works-and-the-shortage-of-public-dcrd-nodes.1371/
Re: [ANN][ZEN] ZenCash: Private, Secure, Resilient CryptoCurrency with zk-SNARKs
Are there plans to add functionality to the windows Swing wallet for wallet encryption? ETA? I don't want to leave an unencrypted wallet.dat file on any systems just waiting to be hacked nor is it a good idea to leave it on an Exchange..
There is a small amount of synergy to be had with capturing the waste heat from mining rigs but in general natural gas is a much cheaper energy source to heat a house with compared to electricity. You can lookup efficiency comparisons between natural gas home central air heating systems and an electric space heater. In my region natural gas costs 1/5th that of electricity to produce each BTU of heat.
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
Once lightning network is complete then a marketing/awareness push to get Decred added to Coinbase would easily equal $100 by the end of this year. Another route is hoping that the Decred team shows the ace up their sleeve by the end of this year regarding some privacy related features.
Decred is my favorite underdog holding because it should be able to adapt and assimilate the best features of the other coins that Decred holders vote for with the on chain governance structure. If Charles Darwin has taught us anything it's that the ability to adapt to your surroundings can be the difference between life and death.
Anyways It's nice to see the price rise, but only in the sense that it feels good to see others basically confirming what early adopters already know. That we were right to place our faith in this project. The longer the price stays low the more time to accumulate until there are enough must have features rolled into the growing snowball rolling down the hill with such momentum that it is no longer possible for the rest of the community to ignore.
Decred is my favorite underdog holding because it should be able to adapt and assimilate the best features of the other coins that Decred holders vote for with the on chain governance structure. If Charles Darwin has taught us anything it's that the ability to adapt to your surroundings can be the difference between life and death.
Anyways It's nice to see the price rise, but only in the sense that it feels good to see others basically confirming what early adopters already know. That we were right to place our faith in this project. The longer the price stays low the more time to accumulate until there are enough must have features rolled into the growing snowball rolling down the hill with such momentum that it is no longer possible for the rest of the community to ignore.
If none of these other inbred basement dwelling idiots will say it.. thanks Bothebu for clarifying. Maybe everyone's already made so much money in crypto that they don't need to work again but some of us would like to use crypto as a springboard to open doors for future opportunities and I'd gladly sidestep sounding like an idiot during a pitch.
AMD reference cards are proving to be the most durable ones, if you don't mind having to live under the same roof as them.
Are they really louder than aftermarket cards ? I'll have them in the room right next to my bedroom :/
Compared to a Sapphire rx 480 Nitro +, any idea how much louder they are ?
Reference cards with blower style cooling design are significantly louder when running at 70-85% fan speed which is necessary if dual mining in summer. I don't have a decibel meter but if I have a reference rig and a sapphire rig in the basement I won't hear the sapphire rig at all but will hear constant white noise on the main floor from the reference rig.
Re: [ANN][ZEN] ZENCASH: Permanent, Distributed, and Fully Anonymous cryptocurrency
My thoughts on the concern over short term lower ZEN price:
ZEN has been near top of most profitable coins to mine which puts sell pressure from miners who immediately dump, that coupled with there being lots of easy coins gotten by non-believers in the project during the 1:1 ZCL fork.
The coin is new, had some launch hurdles and is priced accordingly. If you believe in the whitepaper and the vision then now is a good time to accumulate. When ZEC holders are are getting a 3x return ZEN holders will be getting a 300x return.
It looks like the world governments are attempting to pass bills doing whatever they can to halt the crypto scene. Last I read they want persons to have to disclose cryptocurrency balances when traveling internationally. You will be glad that you are holding one of the most censorship resistant and anonymous coins should this happens.
My 2 ZEN
ZEN has been near top of most profitable coins to mine which puts sell pressure from miners who immediately dump, that coupled with there being lots of easy coins gotten by non-believers in the project during the 1:1 ZCL fork.
The coin is new, had some launch hurdles and is priced accordingly. If you believe in the whitepaper and the vision then now is a good time to accumulate. When ZEC holders are are getting a 3x return ZEN holders will be getting a 300x return.
It looks like the world governments are attempting to pass bills doing whatever they can to halt the crypto scene. Last I read they want persons to have to disclose cryptocurrency balances when traveling internationally. You will be glad that you are holding one of the most censorship resistant and anonymous coins should this happens.
My 2 ZEN
Cheap mining motherboard availability is becoming an issue. The ASRock BTC Pro is currently not available at $65. And I believe Intel and mobo manufacturers are soon stopping production on the 1150 socket.
It would be nice if there was a cheap Ryzen mining mobo and CPU to replace it.
It would be nice if there was a cheap Ryzen mining mobo and CPU to replace it.
I made a pascal build of the latest alexis opensource.( Oct 28, 2016) (DECRED)
I get 3.1GHASH on the gtx 1070 with max oc. But it trottle down to 2.9-3
Is this all?
http://s000.tinyupload.com/index.php?file_id=06381483525250078759
Betatesters needed...
@3gHASH mining decred a single gtx 1070 will do $2 a day..
I get 3.1GHASH on the gtx 1070 with max oc. But it trottle down to 2.9-3
Is this all?
http://s000.tinyupload.com/index.php?file_id=06381483525250078759
Betatesters needed...
@3gHASH mining decred a single gtx 1070 will do $2 a day..
Quick comparison - Decred
EVGA GTX 1070 FTW, 60%Pow, Core ~1785, Mem -502 Mhz offset
SP Mod #9: 2600 MH/s
Test build based on alexis opensource: 2664 MH/s (~+2.4% increase)