Bitcoin Forum

Invest the bitcoins you already have to make more bitcoins.    Pyramining (http://www.pyramining.com/referral/nts8pbdka)

Here is another free bitcoin link. Good luck

http://free1bitcoin.blogspot.ie/

Tons of free Bitcoins or some other coin that nobody knows anything about? What is a devcoin? Centralized? How many?

I am interested in learning more about writing for Devcoins.  I have to read through the material about how to get set up carefully, but I have a question so far.  Are there any web based wallets for Devcoin?  I'm thinking something like Coinbase for Devcoins.  For a number of reasons I prefer to not have my wallet tied to a particular computer, so was wondering if an online walled was even possible at this point.

From my understanding, these pay out fractions, right? How/why is someone/several people able to do this?

Several 1000 fractions adds up

Invest the bitcoins you already have to make more bitcoins

Sounds great, thank you very much.

/edit
I can't create my userpage. What's wrong there

Thanks :)
If anyone else knows of some good faucets and stuff post them.

Hi FinShaggy,

1I applied for an account at devda.ch, but it wasn't clear whether or not it was a wallet or not.  Guess I'll know more once my application is approved.

2It sounds like from what you're saying that writing for the DevTome is a "get in now while the opportunity pays" type of thing, since they divide up the writing into shares.  Right now, a share pays well but once there are thousands of writers, it will go down to where you earn a dollar or two per article rather than $50 or so as you currently estimate.  Am I correct about this?  This isn't a dealbreaker or anything for me, but maybe an incentive to not sit on the fence too long :-)

3Also, I noticed one of the latest contributions is a fiction story.  Is that allowed?  Encouraged?  If that is the case, that is way cool from the writer's point of view--might be a way to actually finance my novel writing aspirations ;-)  In some ways it can be easier to write fiction than nonfiction, though that isn't always true.

4Finally, you mentioned the possibility of exchanging Devcoins for Bitcoins or vice versa.  a.  What exchange sites do you recommend to do that?  b.  Just wondering what is behind your belief that by next year Devcoins are going to majorly increase in value relative to Bitcoins and dollars?  With so many other cryptocurrencies coming on the scene, it's hard to assess which ones will actually go somewhere, so wondering why Devcoins stands out to you.

5I'm currently playing with Bitcoins but haven't gotten into any others.  How would you try to convince me to get into Devcoins either in addition to or instead of Bitcoins?

So in fact when you buy Devcoins, you are donating to a charity. With the difference that you are given "receipts" of that donation. receipts you can trade, and on which value you can speculate. It's the most perverse thing I have heard in a while, but for sure it is a hell fascinating. Charity and greed united!

Awesome, gonna try this tonight! :)

Thanks!

This is very interesting.  I'm going to invest some more time reading about DevCoin.

What happens if i write an article with less then 1000 words? Do i get devcoins for that article?
What happens, if i write an article with about 1500 words? Do i get devcoins for just 1000 words?

But it's not perverse, you are missing an entire facet.
True, some people may just be in it for the money, but as they buy and sell coins it supports others.
That greed puts money in the pockets of developers and artists that would otherwise have no source of income. So even though it is there, it is transparent, it does not over take the coin in any way. The greed is turned into charity.

Yes, I called it perverse because it's quite complicated. But it might well be it makes perfect sense.

What does not convince me is, how the money will be spent. Who decides what is important? Who decides what is worthy and what not? I'd like better to be able to decide who gets my money.

The devtome bounties, that is what most of it will go towards. Except for the stuff that goes STRAIGHT to writers, developers and artists.

Exactly. Who decided those?
And I reckon there is no selection of writers? Only word count counts? This is nice from one point of view, I won't deny it, however, it can hardly be substained as soon as a considerable number of people jump on the boat. Or can it?

1. Devda is a wallet
2. It is best to get in on Devtome while there aren't many publishers, but value of a share depends on how much each devcoin is worth, and they should be 10 cents each, but are 20 for 1 penny right now because no one knows/cares about them yet :) So shares could end up always being $50
3. Fiction is encouraged, just double check your work, and try reading outloud.
4a. Vircurex.com has been the main site for DVC exchange for a while, but recently MCXnow has joined and I've heard it's a good site too.
4b. I believe Devcoins will increase in value because shares are smaller now, so people will want more for their coins. And devcoin is becoming easier to find in Google searches, which means it will help bring people to devtome and bitcoin soon. Making both bitcoin and devcoin more valuable. And this one can "go somewhere" because of the idea behind it. It is literally the perfect coin for building a community, and developing the planet.
5. I would tell you to mine Devcoin instead of Bitcoin, because bitocoins are merge mined with Bitcoin. So mining DVC IS mining BTC, except you get lots of DVC.



Thanks so much for answering my questions.  A couple more: 

1.  I successfully registered an account with Vircurex.  Then I generated an address for BTC and DVC.  I'm assuming that when I want to exchange one for another, that process is pretty straightforward?  It's hard to visualize when there is nothing in either account.  Also, when I do get a balance in either one of the addresses I generated, is it pretty easy to then send them to a different address, such as one in my actual wallet?  Finally, are there any transaction fees to make trades?

2.  How does one mine for Devcoin?

I'm going to go ahead and register an account on the DevTome and see where that goes... Thanks for the tip :-)

The way it works is this:

Each round there are 180,000,000 coins for writers
Each 1,000 words you write gets you 1 share
If only 1 person writes something, they get the whole 180,000,000
If 2 people each write 1,000 words, they each get 90,000,000

Right now there are 25-ish publishers
There were 550,000-ish words written.
So each share was over 300,000 DVC this round

So I went ahead and joined and started contributing content to the Devtome.  UnthinkingBit sent me a spreadsheet which shows unofficial word counts to date, and I estimated earnings based on the above formula.

My concern at the moment is that the value of Devcoins relative to the dollar is falling rather rapidly--it now takes almost a million devcoins to buy one bitcoin (up from 500,000 when I first started following the exchange rate a week or two ago), and at this point Bitcoins are fairly stable in value at right around $128 to one bitcoin.

So who dumped 7 million Devcoin?  Was it one of the Devtome writers?  What did he/she trade it for?  That's likely to happen as long as Devcoin (provided one has enough!) can directly or indirectly be traded for USD and used to pay bills.  But even so, that seems like a drop in the bucket compared to 180 million being generated for Devtome writers each round.

Sure, BTC is not exactly stable as it does fluctuate, but lately it's been holding a value of between 120 and 130 USD and not really changing much.  It's certainly more stable now than it was back in March!

I hope you're right, that Devcoin will stabilize and gain traction as a currency.  Is there a Devcoin equivalent to the Bitcoin card (http://TheBitcoinCard.co.uk?btc_aid=51a8a18152ed7&btc_bid=665c3470)?

OK, I won't argue with you about the relative stability (or lack thereof) of Bitcoin.  But what about the other questions I brought up in my last message?  :-)

I don't know who dumped the coins. I haven't got paid yet, and no one I invited could have either.

this dont look real

When do you expect to get paid?

When did you start writing for Devtome?

I'm skeptical about that ....