Murad Mahmudov on Decred

a photo of crypto expert reviewer Murad Mahmudov

Murad Mahmudov is an analyst at Goldman Sacks. In his free time, he writes about cryptocurrencies.

Goldman Sachs

expert reviewed cryptocurrency Decred logo

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 Murad Mahmudov

🔑 1 positive | 💩 1 negative

2018

  • 💩

    The chances of Decred outcompeting Bitcoin are close to zero.

    Mob rule/the rule of the rich is not ideal for neo-gold.

    2018-08-11 | Full Review

  • 🔑

    I think Decred is among the top five projects in the space. Quality team. High cost of mounting the attack. An interesting experiment in governance. I’m just not quite sure yet that on-chain governance is the way to go. For maximum social scalability, you want to automate as much as possible.

    2018-06-28 | Full Review

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💩

Speed is mostly irrelevant for SoV.

It's all about security + disinflation + proven unchangeability . . . BTC beats Nano by an enormous margin.

Holding Nano as a bet it can become a "SoV" when BTC exists is irrational, dangerous, risky.

2018-08-15 | Full Review

💩

Dash sucks, premined, shit privacy. ZEC/XMR far better.

2018-07-20 | Full Review

🔑

[Bitcoin] doesn’t suffer from numerous problems of Gold.

(1) Physical nature
(2) Centralization-in-Vaults problem
(3) Easier to seize
(4) Harder to verify
(5) Even more disinflationary
(6) Susceptible to a lot of “claims” and “derivs” which expand the supply

(7) slow to settle transactions around the world
(8) hard to carry billions with you through the airport
(9) have to trust intermediaries to use
(10) not extensible / can’t build even more additional utility / perks atop it

I can go on for days.

2018-11-19 | Full Review

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🔑

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

🔑

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

🔑

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

2017-03-15 | Full Review

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