The purpose of Decred (DCR on poloniex)
Okay Guys!
Decred is a Bank!
Basically it is compound interest!!!
You can make 40% interests a year! Ask Me Anything About It...
Links:
Okay Guys!
Decred is a Bank!
Basically it is compound interest!!!
You can make 40% interests a year! Ask Me Anything About It...
Links:
Those cryptos that does not care about privacy will all die
Do you mean "Because of the open distributed ledger" It's the base of the Blockchain!
that open and distributed ledger is only important in certain circumstances and in certain specific use cases. additionally, you can keep that transparent ledger without hurting people's privacy.
40% interest? Is it earned if held in an exchange? What keeps inflation down?
The inflation is similar to Bitcoin! At the contrary, Steemit as an infinite inflation...
Steemit moves the decimal to the left once every 3 years and burns additional steem dollars through the promotion button. Essentially stagnant users lose if they just hold on, per their white paper
you are spot on tee-em. glad to see someone has read the whitepaper :)
Ok, I threw a cool .1 bitcoin at it. Lets see what happens.
In first few years inflation in Decred is very high, see this: https://dcrstats.com/subsidy
So if you are not doing PoS-mining, you will most likely lose some funds in BTC equivalent. The good thing that you can earn more money in PoS-mining and you don't need a hash power for stake mining. But you will need to spend some time to learn how it works in Decred. The good place to start is this small stakepool FAQs:
https://stakepool.dcrstats.com/faq and, of course, the official documentation: https://docs.decred.org/mining/proof-of-stake/
DECRED is being mined simultaneously with Ethereum. ETH GPU miners are doing this because its basically near-free hashes while their rigs are already running for a small residual income alongside their ETH. They are probably dumping DECRED immediately to ETH or BTC. Not a healthy way to prop up a shitcoin.
Very good post. Thanks for bringing this to my attention. The biggest group of uneducated investors in mankind has to define the trustworthyness and price of a crypto. It's an interesting world we live in. I was wondering if anyone of you uses: https://www.coincheckup.com. I'm really enthusiastic about this site, they let you analyze every single coin out there. Go to: https://www.coincheckup.com/coins/Decred#analysis To check Decred Investment analysis.
Very good post. Thanks for bringing this to my attention. Where there's money to be made, people will start to invest. The issue is that the real investors already got their investments in before this happens. They are the ones that make the real money because they act based on years of real experience, proper infield educations, etc. I was wondering if anyone of you uses: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. Go to: https://www.coincheckup.com/coins/Decred#analysis To check Decred Investment analysis.