Notice: I am not affiliated with Decred. I am just a strong supporter. This Steemit-article is mostly blatant shouting, speculation and criticism of some aspects of mainstreams medias coverage of Ethereums race to get the dominance of cryptocurrencies.
Ethereum has good tech and there are many good reasons to love it, but this unrealistic “throning” of Ethereum makes me believe it may fool many crypto newbies to believe ETH and BTC are competitors in some way. So I think people may be manipulated to buy Ether. Therefore: My belief is that Ethereum is overvalued and overhyped.
I twisted the “The Flippening” -hype to the favor of a coin I think should have the throne as a worthy competitor to Bitcoin. I use the “The Real Flippening”-hype to the advantage of Decred (DCR); which I believe has the ability to solve the scaling issues of Bitcoin - Not Ethereum.
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Mainstream media uses "The Flippening" to deceive new cryptocurrency users to think that Ethereum is a competitor of Bitcoin. Could it be manipulation?
https://spee.ch/therealflippening-gif <--- This is the direct link to this picture. It is on LBRY :) Share if you want to support #TheRealFlippening.
Bitcoin and Ethereum have completely different functions and goals. Together we can make "The Real Flippening" real for the real competitor: Decred (DCR).
Decred - The only cryptocurrency which solves the governance problem of Bitcoin.
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When even The New York Times tells Bitcoin to move over for Ethereum, I smell corruption. It stinks.
I do not think it makes any difference if it flips. The flip has no purpose, other than hype for Ethereum.
So, Investopedia. Mentioning Ethereum as a solution or a replacement to Bitcoin, clearly proves you are missing the point! But you may be right: "Bitcoin could see its system completely disintegrate as a result of scaling problems or other significant growing pains." I just do not think Ethereum is the answer. Why not Decred?
- This one is too obvious, really.
Ironic you're posting this on the Steem blockchain, which also solves the governance problem. Do you vote on witnesses?
Steem does not share the same goal. Can token holders of Steem vote for Lightning network or zk-SNARKs or RingCT or changes in the protocol? I do not think so. Decred can do that.
We vote on Witnesses, and witness have the final say on any hardforks or upgrades.
I only took a quick look at the Decred website, didn't have time to read in depth, so sorry for my ignorance. I'll definitely check into it.
What essentially is the difference in a nutshell? That any holder can vote on any proposal directly?
By the way, I am completely ignorant towards Steemits whitepaper! ... But any holder of Decred who can afford the ticket price will have a selection of votes to choose from. This "price" is not costing you anything. It just locks up the coins.
The DCRs are locked up in staking for 1-6 months, with a few percentages of profit. Right now, 35% of all Decred are staked.
A Couple of weeks ago, Decred successfully voted for Lightning Network, and also the implementation of a new algorithm for more stable ticket prices.
The next voting will be which privacy feature Decred will use. So you can choose between RingCT or zk-SNARKs
And by the way, the miners also have their say :)
How does Steemit do it with the Witnesses? I do not understand completely.
Disclaimer: I am just a bot trying to be helpful.
isn't this the same as the Tezos ICO?? sounds very much like it...
I do not know about Tezos. But Decred never had an ICO. They have technology which is actually working today. ... So I would call Decred a "first mover" in the market with the technology using a more decentralized governance!
This has been out ages before Tezos
Interesting discussion. I was about to post a similair thread. It's facinating how people invest 10's of millions of dollars in "just an idea". Besides coinmarketcap.com there is: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto. For example: https://www.coincheckup.com/coins/Decred#analysis For a complete Decred Investment analysis.