The real issue here is that I know very few

Question

The real issue here is that I know very few

stakers who are also miners. The two halves of Decred need each other and yet there’s never been any communication. It was expected that miners would become stakers even though the projects ability to advocate it’s goals has been very poor. Bitcoin got the miners on board because it was only the believers in the project that mined. To get the same response from miners AFTER bitcoin existed though required outreach. ETH did this but DCR did not. I know as I was there. You could dual mine DCR and ETH with GPUs yet miners held their ETH and sold DCR. Why? Because ETH sold them on the vision.

#cryptocurrency #decred #english

0

10.05.2022

5 ответов

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QuadraQ Автор вопроса

kozel
I'm not sure I buy that, but okay. I'm pretty cert...

Mining and staking are both profit driven (the majority of stakers don’t vote), but one has real world sunk costs and the other does not. Easy for stakers to hold, while miners need to have a strong reason NOT to sell.

0

10.05.2022

kozel

QuadraQ
Mining and staking are both profit driven (the maj...

I think you'll find that though abstention rates are far from low the majority still vote. Also, not selling *is* supporting. If you mine and sell you're only supporting yourself.

0

10.05.2022

QuadraQ Автор вопроса

For the record I have mined and held. I agree that’s supporting so why not engage with the miners from day one?

0

10.05.2022

kozel

QuadraQ
For the record I have mined and held. I agree that...

So have I. But how do you do that? You see yourself that most miners are not interested in engaging with the project unless their profit is on the line. It's hard as it is to get the pools to upgrade in a timely manner.

0

10.05.2022

kozel · Accepted Answer

kozel

I'm not sure I buy that, but okay. I'm pretty certain at that point mining was already very profit driven. Plus, if you "sell" the community on a project by doing an ICO and vesting their interest in it that way then yeah, you'll have one hell of a head start.

0

10.05.2022

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The real issue here is that I know very few

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