#Decred $DCR fixes the weaknesses of #Bitcoin $BTC
How? Five simple steps:

1. Bitcoin can’t adapt. The Bitcoin protocol has no official way to upgrade itself, which is why we have $BCH and $BSV (among others). Bitcoin is software and software has to adapt to survive.

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Decred uses a unique form of staking to come to network consensus that requires a majority of ticket voters to agree. But once agreement is made it is automatically adopted by the ENTIRE network. So it’s still very hard to change Decred, but it can adapt and grow.

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2. Bitcoin’s POW leads to centralization of mining. The economies of scale lead to a centralization of mining - large facilities using specialized ASICs where power is cheap (aka China). The “one CPU one vote” vision is broken. This can encourage bad behavior by miners.

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Decred fixes this by using a hybrid POW/POS model that ensures that all POW effort is validated by POS ticket holders so POW centralization doesn’t matter, since it’s the POS voting that has control. POS ticket cost has a maximum limit and is highly decentralized.

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3. Bitcoin has no way to pay for its own software maintenance or development. All bitcoin development must be funded by third parties or community donations. This creates a conflict of interest. The developers are incentivized by who’s paying - not the good of the network.

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Decred fixes this by having 10% of all block rewards (mining) go to a treasury. This treasury allows for the payment of full-time developers who’s only incentive is to make Decred’s network stronger, more usable, and thus more valuable.

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In addition to full-time software developers the treasury also allows for payment to ANYONE who can add value to the network. Proposals can be submitted off-chain (but secured by Decred’s blockchain) to assist Decred in any way imaginable.

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This makes Decred the worlds first true Decentralized Autonomous Organization (DAO). Anyone, anywhere in the world can be “hired” by the Decred DAO if they can submit a successful proposal demonstrating they can add value!

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4. Bitcoin is NOT private or fungible! Once your Bitcoin address is tied to your identity all of your transactions (past, present, and future) can be tracked. Bitcoin is a PUBLIC ledger, and obscurity of an address is temporary at best and does not equal privacy.

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Decred fixes this by providing a built-in coin shuffling system (one of the ways privacy can be achieved for Bitcoin) that is part of the Proof of Stake (POS) ticket system. Whether staking or not, your transactions are shuffled through POS providing fungibility/privacy.

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5. Bitcoin has no platform for decentralized trading with other digital assets. This results in centralized trading platforms and loss of control over your own keys (self sovereignty). Atomic swaps are supported but no trading platform is currently native to Bitcoin.

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Decred fixes this by creating its own native Decentralized Exchange (DEX) that uses atomic swaps to trade with Bitcoin and ANY other digital asset that supports atomic swaps. You never lose control of your own private keys and there are no trading fees.

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In conclusion Decred addresses Bitcoin’s flaws and continues to upgrade itself one feature at a time. If you found this tweet thread helpful or enlightening please retweet.

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