Garry Tan on Decred

a photo of crypto expert reviewer Garry Tan

Garry Tan is a Managing Partner at Initialized, a seed-stage venture investor. He was formerly a partner at Y Combinator.

Y Combinator

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Decred is a hybrid PoW/PoS cryptocurrency with a focus on on-chain governance. Decred holders have the ability to stake tokens, allowing them to vote on network upgrades.

Decred reviews by Garry Tan

πŸ”‘ 2 positive | πŸ’© 0 negative

2018

  • πŸ”‘

    Decred is a functioning test bed for how to do proof of stake with governance. I’m a big fan.

    Garry Tan, Co-founder and Managing Partner at Initiaized

    2018-05-12 | Full Review

  • πŸ”‘

    Proof of stake with on-chain governance is already here: It’s called Decred, and I think of it as the Velvet Underground of crypto.

    Garry Tan, Co-founder and Managing Partner at Initiaized

    2018-02-23 | Full Review

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πŸ”‘

One of my favorite things about XRB. Super straightforward value prop that anyone can understand.

Garry Tan, Co-founder and Managing Partner at Initiaized

2018-01-30 | Full Review

πŸ”‘

Nano is an interesting example for a future FairCoin: no premine except for a small 4.5% set aside for core team and bug bounties. No mining. No further dilution. Almost all coins were distributed quietly via captcha faucet to ensure wide initial distribution.

Garry Tan, Co-founder and Managing Partner at Initiaized

2018-02-04 | Full Review

πŸ”‘

If decentralized apps become the dominant use of cryptocurrency, Ethereum has two main moats: 1) API moat for developer ecosystem and 2) end-user moat around use of Toshi/MetaMask wallets. All would-be challengers will need to overcome those two early advantages.

Garry Tan, Co-founder and Managing Partner at Initiaized

2018-01-07 | Full Review

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πŸ”‘

I’m supportive of Decred’s efforts to add privacy, because there are actual development chops there, and Decred doesn’t appear overly scammy.

2018-03-31 | Full Review

πŸ”‘

Decred, besides being a really interesting concept, is being executed at a very high level by one of the friendliest and coolest teams out there.

2018-04-24 | Full Review

πŸ”‘

One of the few coins I'm excited about, with an innovative solution to decentralized governance. Decred is basically Dash done right. πŸ˜‚ Consensus is more decentralized than Dash and is enforced.

2017-03-15 | Full Review

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