Read more at Placeholder VC blog – Decred Investment Thesis. As they ramp up an effort to push Decred further into the crypto-mainstream, the list of upcoming features is growing, and the 2018 roadmap is a testament to the network’s ambitions. Decred facilitates Proof of Stake to validate transactions and to generate the necessary consensus on important network changes and other development matters. Decred releases new DEX proposal by Leslie Ankney in Forbes, Decred DEX specifications by chappjc and buck54321, Brief overview of Decred’s Lightning Network implementation, How Decred’s Lightning Network implementation will work by Jake Yocom-Piatt, Lightning Network discussion with Lightning Labs CTO Laolu Osuntokun on Decred Assembly, On-chain atomic swaps and Lightning Network discussion with Charlie Lee and Dave Collins on Decred Assembly, Decred investment thesis by Blockhead Capital, Decred investment thesis by BlueYard Capital, Long-read Decred investment thesis by Wally Hansen of SVB Capital, How Decred approaches off-chain governance by Haon, Decred vs. Bitcoin governance by Zubair Zia, Hybrid PoW/PoS Consensus explained by Richard Red, Why Decred users should have a say in hard fork changes by Jake Yocom-Piatt, The advantages of stake-based governance by Richard Red, Why Decred is 20x more expensive to attack than Bitcoin by Zubair Zia, Decred’s hybrid protocol as a superior detergent to majority attacks by Zubair Zia, The role of Decred voters in defending against majority attacks by Richard Red, Parametrized cost of attack as a measure of Decred network security by Brian Stafford, How Decred revolutionizes funding in crypto with Marco Peereboom on the Evolvement podcast, A comparison of funding models for various blockchain projects by Richard Red, Politeia in production: The why and how behind off-chain governance by Jake Yocom-Piatt, The motivation behind Politeia by Jake Yocom-Piatt, How the Decred treasury is governed via Politeia by Richard Red, How to write a proposal in Politeia by Decred Dragon, Proposal to create a bug bounty program for finding security vulnerabilities in Decred, Proposal for a Decred contractor clearance process, Proposal to decentralize treasury spending, Everything you need to know about staking DCR, The top 5 reasons to become a DCR stakeholder, Staking isn’t just a way to earn crypto — and it shouldn’t be by Jake Yocom-Piatt in CoinDesk, 10-minute video on how to stake DCR with Denys Zayets at the Texas Bitcoin Conference, Everything you need to know about ticket splitting by David, Video tutorial on setting up ticket splitting, How Decred is turning its entire treasury over to stakeholders in CoinDesk, What it’s like to work for Decred by Richard Red, How to get hired as a Decred contractor by Haon, Working for the Decred DAO: A case study and tips & tricks with Jamie Holdstock on the Decred in Depth podcast, The road to the Decred DAO: A self-funding cryptocurrency, How to set up a Decred wallet (aka Decrediton), 1. Politeia allows stakers to nominate and fund various kinds of proposals, like R&D grants, application interfaces, organizing community gatherings, exchange integrations, and so on. Aim is to build confidence and fundamental understanding on WHY Decred is a sound asset/protocol. General cryptocurrency enthusiasts/investors who are seeking to learn more about Decred as a protocol and DCR as an asset. While Decred remains somewhat under-the-radar, there are many reasons to be bullish about the cryptocurrency’s future. The firm is noted in the DCR community for the Iterative Capital investment thesis, which provided new justification for Decred's dual-consensus design. Overview of Decred with Jonathan Zeppettini on the Decred in Depth podcast It is also self-funding because 10% of the block reward goes towards a dev fund which will ultimatley be a … Jonathan Zeppettini, i nternational ops lead and chief evangelist for Decred, aka “Decred Jesus,” announces the launch of the coin’s privacy feature.He first describes how Decred came out of some developers’ frustrations of trying to work with Bitcoin Core developers, and how that led them to realize a couple of issues with Bitcoin’s governance around the … At launch, the team created 8% of the ultimate supply of 21 million coins, giving away half to ~3,000 early adopters and using the other half to pay back development costs. His thesis is in line with the investment thesis of Placeholder. It is achieving this aim by building the world's first truly decentralized autonomous organization. Please rate and subscribe to my podcast. Figure 3: ASIC-based mining rigs started shipping for Decred in 2018, placing it in a period akin to what happened to Bitcoin’s hash-rate in 2013. Guest: Jake Yocom-Piatt, co-founder and project lead, Decred. It facilitates Proof of Stake to validate & authenticate the transactions and to generate the necessary consensus on important network changes and … Dcrusd charts and quotes tradingview decred an investment thesis decred dcr review the digital decred price ysis on chain decred price ysis emergence as a decred price ysis on chain. What is your current working thesis around what types of systems will work well versus which ones won’t? Votes are tallied over 8,064 blocks (about 30 days) to allow for the entire ticket pool to participate, and it takes 75% approval for a change to go into effect. It is a prime example of inflation funding: the development pool currently holds over $40 million worth of DCR to fund long-term projects, and it will grow together with the market’s confidence in the network. Decred is an autonomous digital currency. Stakeholders vote to decide whether changes to the consensus rules are adopted. Before I explain where fundamental value lies in crypto, I would like to reiterate the potential upside of cryptocurrencies as a whole. Please support by donating! It’s too early to tell how all of this functionality is going to converge, but we’re excited to be part of a community of users engaged in the decision-making process and working with a devoted development team. Decred (DCR) is a cryptocurrency with hybrid proof-of-work/proof-of-stake consensus that enables on-chain governance. Key takeaway: Decred is about reorganizing society around fairer games. The hybrid nature of Decred’s consensus model allows for several unique uses of a public blockchain which are not currently available in the large networks of today. If Placeholder is an early investor in Decred, it could have a top player in its portfolio as the digital coin has risen over $100, with a market capitalization of over $757 million. In the current system, a centralized authority such as a bank or government holds the power. In addition to providing liquidity in the OTC market, Iterative Capital operates the 4th-largest DCR Voting Service Provider and mining pool operator Megapool . Decred’s “best-in-class-governance” came out of frustration with Bitcoin’s consolidated power structure, where a small group of core developers and miners have control, and the users’ ability to directly influence the protocol is limited. Leave a comment letting me … After almost two years of work, Jake published a reflection on Bitcoin’s three main weaknesses – governance, funding, and miners having too much power – and hinted at the release of a new cryptocurrency to address these concerns. We are investors in 0x 3box API3 Aragon Async Art Balancer Bitcoin Decred Erasure Ethereum FOAM Filecoin Magic MakerDAO Matter Labs Enzyme Nexus Mutual Nori OpenZeppelin Polkadot Potion Radicle UMA Union Zcash and Zerion. Decred investment thesis by Joel Monegro and Chris Burniske of Placeholder VC. Despite its technical merits, btcsuite was rejected by much of the Bitcoin Core community, and there was no clear path to reconciliation. The focus on Decred is merited by its innovations in the area of organization design. giving away half to ~3,000 early adopters, Almost 50% of all DCR outstanding is staked. Figure 1: The price of tickets has increased from around 2 DCR per ticket at network launch to around 90 DCR today, showing the increasing value of participating in Decred’s governance. Tacotime helped lay the groundwork for Decred before founding Monero with a few others in April 2014, while Conformal Systems, inspired by the promise of a better-governed cryptocurrency, switched focus from btcsuite to the new project. I’ll put it in the show notes. 30% of the block reward are paid to stakers. Leave a comment letting me know what you think. Figure 2: The percent of DCR staked has more than doubled since launch. With Decred, the community members own and operate the system, make the rules, and determine the direction of the project. By choosing not to pre-sell coins to speculators, the financial rewards from Decred’s growth most favor those who work for the network. Sign up with your email address to receive news and updates. Decred launched in February 2016. Decred Core Principles Hybrid PoW and PoS consensus voting system. I offer my investment thesis and discuss the evolution of my thinking in the digital currency space. It requires at least 3 of 5 stakers to approve the block and add it to the chain, or alternatively, veto and discard it (in which case, the miner receives no reward). In addition to approving a block, these selected stakers can also vote on changes to Decred’s consensus protocol, allowing them to influence the long-term evolution of the network. various aspects of Decred. General. Decred’s development is funded by a portion of the block reward, and stakeholders decide how these funds should be spent! 18. Welcome to the Decred rabbit hole. Bitcoin’s biggest challenges by Jake Yocom-Piatt, Iterating Bitcoin: proposed modifications by Jake Yocom-Piatt, How Decred rethinks digital currency by Jake Yocom-Piatt, The famed memcoin2 paper that inspired Decred by Adam Mackenzie, Bitcointalk Forum: Decred introduces itself to the world, Decred investment thesis by Joel Monegro and Chris Burniske of Placeholder VC, Decred governance: An iterative approach by Max Bronstein of Coinbase, Introduction to Decred and its privacy implementation on Laura Shin’s Unchained podcast, Overview of Decred with Jonathan Zeppettini on the Decred in Depth podcast, Cryptoeconomics and Decred as a store of value with economist Murad Mahmudov on the Decred in Depth podcast, Decred’s hybrid approach to blockchain governance with Dave Collins and Jake Yocom-Piatt on the Epicenter podcast, The mysterious Decred origin story and how it relates to Satoshi Nakamoto with Jake Yocom-Piatt on Brave New Coin’s The Crypto Conversation podcast, Decred’s history, mission, and vision with Jake Yocom-Piatt on BlockTV, Blockchain sovereignty and blockchain integration for businesses with Jake Yocom-Piatt at MIT, The who, what, where, when, and how of Decred’s airdrop, Decred: What Gold and Bitcoin wanted to be in Seeking Alpha, A price analysis of DCR as a digital store of value in Brave New Coin, Monetary premiums: Can altcoins like Decred compete with Bitcoin?

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