1/ A story about #Decred for those less familiar.
Just prior to launch, an article featuring a number of $ETH oracles dropped some FUD in @cointelegraph. Decred coded on. https://cointelegraph.com/news/decred-an-innovative-cryptocurrency-or-a-well-arranged-scam
Just prior to launch, an article featuring a number of $ETH oracles dropped some FUD in @cointelegraph. Decred coded on. https://cointelegraph.com/news/decred-an-innovative-cryptocurrency-or-a-well-arranged-scam
2/ In early 2017, Bitcoiners such as Charlie Lee and Jimmy Song lauded #Decred for its superior design, enhanced ledger security, governance, and solution to the FOSS funding problem. Decred skyrocket into the CMC top 10 and an ATH of $121. Decred coded on.
3/ Well respected funds such as @placeholdervc and @blueyard published #Decred investment theses, helping to maintain Decred’s price as others fell through the first half of 2018. Decred coded on. https://www.placeholder.vc/blog/2018/5/12/decred-investment-thesis
4/ Under the weight of the 2018 bear, maximalism took root and #Decred friendly voices went dark. Decred coded on.
5/ Exchanges largely ignored #Decred, prioritizing listings of VC-backed crap, ERC-20 tokens that were easier to integrate, and other favored projects of degenerate gamblers. Decred fell to #73 in CMC. Decred coded on.
6/ In late 2020, #Decred released the #DCRDEX, enabling trustless P2P exchange via #atomicswaps without KYC. The price of $DCR doubled within the first month and Decred is on its way to reclaiming its rightful place in the top 10.
7/ #Bitcoin
has now been fully institutionalized. It has a problem with hard forks, leading to technical debt and centralization. That’s fine, I’m happy to ride the wave and take institution’s money as they find their new gold.
has now been fully institutionalized. It has a problem with hard forks, leading to technical debt and centralization. That’s fine, I’m happy to ride the wave and take institution’s money as they find their new gold.
8/ #Decred has maintained its cypherpunk roots and ideals. It remains #permissionless, offers #privacy & #fungibility, scalability via #LightningNetwork, and will persist as a true #cryptocurrency long after gvmts and regulators monitor, control and permission most other chains.
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