Bitcoin Forum

So I am just looking into alternate crypto-currencies and I was hoping someone could give me some background on Devcoin. Is it a wise investment? I compared the charts and they seems to match up with LTC and PPC just on a much smaller scale. Thanks for any information.

Devcoin's price seems to parallel bitcoin. I like it, I have a few.
I'm a believer in a diverse cryptocurrency eco-system and I think DVC will be one of the (many) winners.

Devcoin has a great dev team and community behind and a great vision as they pay creatives, developers, and all kinds of people bounties in Devcoin for inventing, producing and creating amazing stuff. Definitely a wise choice for the long term both as an investment and also if you want to support numerous projects :)

When the DVC market cap gets big enough they are going to build a spaceship :)

The Devcoin page on the Devcoin wiki (http://www.devtome.com/doku.php?id=devcoin) summarizes things quite nicely IMO.


Also, be sure to check out the wiki in more detail. It's a work in progress that DVC community members are throwing together, and you can even earn yourself some Devcoins if you write for it!

Hah, DVC probably went up at the same time because of alt coin craze/pump.

Try not to buy DVC as an investment, its not meant for that.

I'm kinda just holding 40k DVC so I can gift them to a dev who helps me out with something one day or something. Does that make sense?

Well, yes and no. When you buy or trade BTC for Devcoin you help increase the Devcoin market cap, which when it reaches a certain point means Devcoin can sponsor people to invent next generation fabricators, among all the projects Devcoin already sponsors. Devcoin is an investment in this sense (helping people invent, create and develop), and of course it is an investment in the sense that it is a well established alt coin which has been around for a relatively long time, has proven devs and a strong community, and due to the projects Devcoin undertakes I would say there is an excellent chance Devcoin price will rise in the future! Devcoin has a unique vision and it isn't going anywhere :)

That would be awesome.

How is it an investment? It seems like a charity.

Some might call an open-source spaceship charity, others might call it the volksmobile that will open up the solar system like wagons opened up the west...

(Print yourself a space-wagon and go mine asteroids for printer-primer to print more stuff, yay! :))

-MarkM-

Because the DVC to BTC exchange rate should rise over time as Devcoin has a very strong community and developer, and as Devcoin becomes more widely known (Devcoin has a very comprehensive marketing program which is just getting started), and as more DVC services and websites appear.

Is there any particular reason why DVC isn't on btc-e. Is that a btc-e or devcoin developer decision?

How many Devcoins would a person have to buy to make a significant profit? Please help me out with the math here because I cannot see how Devcoins will rise in value when theres so many.

Nothing is certain, BTC itself is an experiment. I'm an admin with Devcoin's Devtome, and seeing the community from the inside and its vision I personally believe it has a bright future as a crypto with a unique mission. Current DVC/BTC exchange rates can be seen at Vircurex. Historical exchange rate charts can be seen at http://cryptocoincharts.info

You can read more about Devcoin at http://devtome.com and more specific informaton about Devcoin can be seen here http://www.devtome.com/doku.php?id=devcoin

How much would that be worth though? If it could be worth $4000 then yeah it would make sense. If it would be worth $400 then its not making sense. if It could be worth $40 it's just silly and if it remains what it's worth now than it's just pretend money.

I think you're right, if Bitcoin is a success Devcoin will probably be worth $400 but by then Bitcoin would have to be worth tens of thousands a coin.

Looking through the history of dvc it actually was on btc very briefly but then it looks like it got yanked really quickly because it was valued less than 0.0001 btc or some unwritten rule that btc-e has....  it is traded really happily on vircurex and has been for some time.

I think BTC-e only has five decimals in its prices, so it lacks the three digits actually usually used by DeVCoin price-in-bitcoins.

-MarkM-

Yes I believe that the decimal places issue was behind BTC-e dropping the coin - and nothing to do with DVC as a currency on its own merits.

Thanks for the info. Vircurex - yes I have some, price moves a bit funny this morning but I haven't bought them to sell them. Really think dvc may have hit on some good ideas, esp wrt to by debt for projects creating an underlying backing. Will admit I'm still learning, and a little unsure about the whole ethos behind most cryptocurrencies (at this stage), but this is one project I can explain to other non-tech people as making any sense to them, and to me.

But who's printing the asteroids?   oh 1st world space flight and resources problems :D

Ideal. Where do I join? Oh wait a sec... Come on market cap I want our 3d printed spacecraft already! All your future crowdfunded space travel projects are belong to us  ;D

Get DVC on more exchanges:
https://bitcointalk.org/index.php?topic=212727.new#new

oops wrong prediction. are we at all time lows here?

Devtome took on a lot of new authors, which means a lot of people are now dumping the coins they get because the main reason most of those authors are there is to make some quick fiat or bitcoin by dumping devcoins, instead of having as their main motivation the improving of the devtome so as to increase its income so as to buy up more devcoins on markets so as to drive up the value of the huge hoards of devcoins they save up.

It seems insane that they part with them at such pathetically low prices, and by doing so they sem to have ended or stretched out a lot the old cycle we used to see where it would go down to thirty-something satoshis a coin then back up over 200 satoshis sometimes near or even over 300 satoshis then back down to thirty-something.

So to me it seems mostly to do with the motives of the type of people being attracted by the "shares for authors" thing devtome is doing. Once upon a time we had peple who wanted to write, had stuff to write maybe even stuff actually directly relevant to ultimately increasing the value of devcoins and often also bitcoin, and were happy that as a side-effect they were accumulating coins that in a few years might be worth quite a bit if they did well the projects at hand in the moment.

Now we seem to be attracting more people who just have a bunch of writing laying around that they have no use for any maybe no one has any use for so they dump it for quick fiat or bitcoins. Having no interest or stake in devcoin they don't even care whether their contribution will ultimately increase the value of the coins.

Maybe republicans can see in it a microcosm of what welfare states lead to, even...

-MarkM-