Thread by @cburniske

$DCR in beast mode.

For a while, skeptics asked what $DCR's raison d'être was.

Sure, @placeholdervc had put out that "Decred’s killer feature is good governance, and with good governance, you can have any feature you want," but what feature(s) was @decredproject providing the world?

IMO the turning point for people realizing @decredproject's ability to bring valuable services to the world was #DCRDEX, which has seen rapid uptake as a privacy-preserving, hard-money #DEX: dex.decred.org

Meanwhile, @decredproject has remained wholly committed to the #DAO vision.

The team was always ahead of its time in focusing on governance, which is one reason that @placeholdervc, a firm laser-focused on governance since its inception, was drawn.

And now, #DAOs + governance have become a fixation within "mainstream #crypto," with #Decred's thoroughness as a cybernetic collective an example for many to learn from.

With the release of #Decred v1.6, it has fully decentralized the funding selection and execution process, which requires reliable proving of off-chain data from Politeia to move funds on-chain (no small feat):

https://twitter.com/decredproject/status/1353736208065638401?s=20

One of my favorite parts of @decredproject is how organically it has grown a now ~$90M USD treasury, and how prudently it continues to manage that resource👇

No #ICO.
No private fundraises.
Just 10% of supply dripped into a #DAO.

https://twitter.com/_Checkmatey_/status/1361847471861764099?s=20

While the bear of 2018/19/20 was brutal, the base $DCR maintained has proven an effective launching pad:

https://twitter.com/cburniske/status/1329492058608865280?s=20

As someone who's followed @decredproject since 2016, the strength of its community, fundamentals, and market traction thus far in 2021 has surprised even me.

To those that associate me and @placeholdervc with @decredproject, this is the thread you've been asking for :)

To those that don't have the @placeholdervc backstory, it doesn't really matter, $DCR is a sovereign beast independent of any single actor (and yes, we hodl).

Here was our original thesis: placeholder.vc/blog/2018/5/12…

#Decred HAS it.

Hypersecure.
Adaptable.
Sustainable.

#SoV, #DAO & #DEX, what's next?