Decred - The Saving Grace Of Crypto Coins?

I hope the airdrop team includes people who are not technical people or development people. One of the most critical parts of getting wide adoption for a new coin needs to be including ways for the laymen public to be involved and get coin.

Currencies need to have liquidity to have value. I followed DECRED on Twitter and sent out some tweets and I will be posting here and joining on the forum. I hope this is enough.

Reading this article: http://nakamotoinstitute.org/mempool/the-coming-demise-of-altcoins/ was very informative. I think the author has some really valid points while at the same time coming off as a BitCoin elitist and a bit of an ***hole. I think coins other than BTC can and DO have value - most of which IMO is educational value. If a coin-other-than-BTC hopes to really gain wide adoption and market value I agree that it needs to be as much an improvement over BTC and BTC was/is over Fiat.

Personally I hope BTC either tanks of levels out as I am very dismayed at the high cost of entry for new participants. I think that BTC was a miracle of science and intellect and should be praised as such but now that we have the data from BTC and other coins it should be time for Coin3.0 where many of the limitations/dangers/risks/etc of BTC are improved upon or resolved.

We all know that Banks and Governments probably have think tanks working on a crypto coin to rule all the other crypto coins. I don't want this to happen.

For us, being a part of the crypto coin world now, in it's still-infancy we could easily think "Why would people trust GovCoin?" but the people-on-the-street don't always think the way we do and marketing and propaganda by Government could go a long way to swaying people to use GovCoin.

My hope is that DECRED can be the coin to protect the people from such eventual attempts by centralized controlling forces with murky agendas.

Blockchains are going to do for the world what the internet did. The trick is to utilize the framework of blockchain technology to truly support and maximize the ROT (return on technology). DECRED does this amazingly well while keeping the 'software' or 'code' very simple.

The features below are implemented in Decred and will be available in full at launch. For a deeper description, please consult the Decred Technical Brief (DTB001).

• Novel hybridized proof-of-work/proof-of-stake (PoW/PoS) consensus system - A decentralized lottery is used to select PoS miners to vote on PoW blocks. The PoW and PoS subsidies account for 60% and 30% of each total block subsidy, respectively. This system is based on that of MC2, which is very similar to, but developed independently from, Proof-of-Activity (PoA) by Iddo Bentov, Charles Lee, Alex Mizrahi and Meni Rosenfeld.
• Cold staking and decentralized stake pooling - The ability to generate new coins without the risk of having your coins online when PoS mining. The PoS mining system has also been engineered with distributed, decentralized stake pooling in mind, so that even those with small amounts of stake can participate in network validation.
• Internal voting system for the addition of new features and hard or soft fork selection - Both PoW and PoS miners can vote for features and issues through bit flags, providing a sensible mechanism for resolving disputes about the features of the blockchain.
• Immutable transaction hashes ("transaction IDs") by separating transaction signatures from the rest of the transaction data - A permanent fix for transaction hash malleability has been implemented that prevents mutability of the transaction hash by separating it from its input signatures. This allows more efficient SPV validation. Fraud proofs have also been added.
• Elliptic curve cryptography over secp256k1 with optional Curve25519 support - The Bitcoin scripting system has been modified to allow for simple, drop-in addition of new elliptical curve digital signature algorithms.
• Schnorr signatures with threshold n-of-n support - In addition to supporting Schnorr signatures, groups of signers can now jointly sign transactions off-chain in constant size signatures, ensuring higher privacy and less blockchain bloat.
• Script enhancements and new OP codes - New OP codes have been added to the existing Bitcoin scripting engine, and extensions for the plug-in use of future scripting engines have been added.
• PoW mining using BLAKE256 hash algorithm - Inspired by Bernstein's Chacha stream cipher, SHA3 finalist BLAKE256 offers speed as well as high security.
• Compatibility with Bitcoin transaction scripting system - Decred's scripting system has been derived from Bitcoin's with care in ensuring that all future updates to the Bitcoin transaction script will be easily extensible to Decred. Further, any newly created functionalities will also be devised with backwards compatibility with Bitcoin in mind.
• Modularized, easy-to-use Golang btcsuite codebase - Thanks the to the codebase inherited from btcsuite, adding new features to the daemon or wallet will be facile. Decred will episodically sync updates from btcsuite, so that it benefits from the latest developments in Bitcoin.
• Hierarchical deterministic (HD) wallets - Wallets use a seed to deterministically generate addresses, so your wallet can be restored from a single BIP0032 seed.
• Transaction expiration - Transactions have a new expiration field to prevent inclusion into the blockchain after a certain height.
• Patches for intrinsic Bitcoin bugs - Extra push for multisignature scripts has been removed, SIGHASH_SINGLE behavior has been corrected.
• Approximately 21 million coins - Exponential decay in subsidy or the number of coins generated per year.
• Self-funded development via block subsidy - In order to have an ongoing source of funding for development work, a consensus rule has been added to allocate 10% of each block subsidy to a development organization. This entity is transparent and responsible for funding development work performed by current and new developers so that the project remains sustainable without a funding dependence on outside forces in the future. Decred therefore improves with growth in a sustainable way and is accountable only to its users.

https://bitcointalk.org/index.php?topic=1290358.0​

I personally hold about 30 coin types. Some of which I will continue to hold unless they go under completely.

I think DECRED is a coin worth investing serious time and consideration on because it's from the developers of BTC. This shows that BTC indeed has serious shortcomings which can not be addressed within BTC itself. It also shows that DECRED is a coin which has a team that really knows what they are doing behind it, giving it the best chances to survive and flourish.

One thing I don't know and which I can not find much discussion on ANYWHERE is blockchain size. What is going to happen 10 years from now when blockchains are 50GB or 500GB in size? Is this going to prevent people from using a said coin? Can the blockchain be split or reduced in size and 'archived' some/how/where? Does the size of blockchains prevent people-on-the-street from getting involved? Is there a way to enable laypeople to be involved in the coin economy in a way which is 'profitable' or 'rewarding' to them without having to locally store a copy of the blockchain?

Also, what is DECRED doing, if anything, to prevent or delay ASIC mining, which could result in a 51% vulnerability? Does DECRED still have vulnerability to the 51% attack? Has DECRED evaluated the possible effect of a near immediate after launch mining network speed of say 1PH/s?

Thanks for reading!
OCNIOS