yuck, no way im doing all that, I already hated the fact I have to move from my safe ledger to a desktop wallet and download all blocks, and that was just step 1/2, let alone the rest.. decred needs a better way to stake or be offered to lending so people can gain interest on thier tokens.. sorry to be brutally honest about my opinon.. thanks for sharing the info tho, I appreciate that.. cheers
Right, Im sure its not super difficult, didnt mean to come accross like that.. They are just annoying/tedious steps.. Also, I perfer cryptos that can be staked while safely in ledger and not needed to download blocks.. Also, the voting/time periods you need to wait for various locking/unlocking, ect is rather tilting to me.. Its just me bro, I know all of you probly dont mind this type of stuff.. I mean no disrespect to this community, I like dcr and what they are doing, its just a personal preferance thing..
in Decred's blockchain, staking is the foundation of the governance system. so we want to attract people who are interested in the project and who are able to make an active effort. it's not a "set and forget" or passive PoS system, it's a governance system in which you can voice your opinion
Why not lend your fiat money instead? I think you're much too early to be trying to lend DCR for interest. You must have this room confused for the ETH channel...I think they would be more interested in some "defi"
If it could slowly grow and capture same mining ⛏hash rate of BCH or BSV (3-4 EH/s) - with hybrid PoS consensus.. I feel there’s a good opportunity for upside in PoW ASICS and DCR in intermediate - long term. Early days Everyone🤙🏽
That would be awesome, especially since to mine Decred you need unique hardware. Unlike mining BCH or SV, increasing hash would mean people are commiting capital to Blake256. Best way to pump hash aside from buying asics is to buy DCR to support miners
Ok. Lets say i have not logged out from my laptop and i have Decrediton installed. And somehow my laptop gets stolen. Only security for my funds is spending password, right? If i should create a new wallet. On another laptop. Can i change the old passphrase. I don't know how to describe.
Yep. I was just thinking about security. If staking is going on it's kind of an issue. I have been thinking to store all decred cold on a paper wallet. I have a stormy relationship. Have my life savings in decred. All in.
[matrix/rackserver:decred.org] > <@rackserver:decred.org> But it is only autenticated by a passkey... and once you forget it its gone.... even a bank would allow you to recover your funds using your idIt would be best to have kyc and id record for each wallet to be recoverable
[matrix/rackserver:decred.org] > <@bridge:decred.org> [telegram/JoeGruff] unless they didn't feel like it (re @dcrbridge_bot: [matrix/rackserver:decred.org] But it is only autenticated by a passkey... and once you forget it its gone.... even a bank would allow you to recover your funds using your id)If some holder of decred has dementia how can it be recovered