Okay Guys!
Decred is a Bank!
Basically it is compound interest!!!
You can make 40% interests a year! Ask Me Anything About It...
Links:
The purpose of Decred (DCR on poloniex)
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40% is worth nothing if the shitcoin has 400% inflation, you are aware of that OP?
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Those cryptos that does not care about privacy will all die
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Do you mean "Because of the open distributed ledger" It's the base of the Blockchain!
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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.
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40% interest? Is it earned if held in an exchange? What keeps inflation down?
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The inflation is similar to Bitcoin! At the contrary, Steemit as an infinite inflation...
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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
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you are spot on tee-em. glad to see someone has read the whitepaper :)
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Ok, I threw a cool .1 bitcoin at it. Lets see what happens.
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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/
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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.
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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.
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