Bitcoin Forum

Devcoins have been getting a lot of attention over the last month, and this next month is going to be even crazier.
Right now you can get like 20 DVC for .01 USD (1 cent) and they have been worth $10.00 USD EACH before. And with the recent rise in attention, they are definitely going to start rising in value over the next 2-3 months. I think they will probably even get to 1 penny each in that time.

1. There are now Devcoin portals and multiple block explorers

2. There are now Forums with Devcoin sections
http://homegrownsouth.com/forum/viewforum.php?f=20, http://homegrownsouth.com/forum/viewforum.php?f=21, http://homegrownsouth.com/forum/viewforum.php?f=22, http://homegrownsouth.com/forum/viewforum.php?f=222
 
3. There is now a Devcoin video on YouTube and more on the way
http://www.youtube.com/watch?v=G6AWKEEEN-Y
http://www.youtube.com/watch?v=K_Axa9_yXF4

4. Devtome.com is getting tons of new writers and writing
http://www.devtome.com/doku.php?id=daily_script_results

5. The Devcoin thread on Bitcointalk.org has just about doubled in a month
https://bitcointalk.org/index.php?topic=34586

6. An Official Devcoin Logo is being made

7. A Devcoin advertising program is being made, like adsense but devcoins

8. And more that we can talk about as the thread goes on.
https://twitter.com/Devcoins, https://plus.google.com/107638997892350626209/posts, http://bitcoinviews.com/tag/devcoin/,  http://www.thecryptocurrencies.com/2013/04/devcoin.html (http://www.thecryptocurrencies.com/2013/04/devcoin.html), http://www.hipforums.com/newforums/showthread.php?t=470870&f=38 (http://www.hipforums.com/newforums/showthread.php?t=470870&f=38)

So it's a good time to invest :)

And, there are growing groups on Facebook that are talking about it :)
https://www.facebook.com/groups/BitCoinNews/

Also, a second Coin Exchange website has adopted Devcoin, so now there are two:
https://vircurex.com/
https://mcxnow.com/

Plus, Crypto Stocks:
https://cryptostocks.com/securities/14

=How to make people aware of Devcoin=
http://www.devtome.com/doku.php?id=devcoin_advertising_campaign
*[[Devcoin Mining]]
*Make [[YouTube]] videos telling people how Devcoin supports developers and independent artists.
*Join and Create [[Devcoin websites]] and forums
*Post about Devcoin and [[Devtome.com]] on [[Facebook]] and [[Twitter]]
*Make videos and articles to help people with [[Vircurex]] & [[MCXNow]]
*Sell things in exchange for Devcoins on [[Craigslist]], [[Facebook]], etc.
*Offer Devcoins for items on Craigslist, Facebook, etc.
*Make [[Devcoin Threads]] in the 'lounge' or 'off topic' areas of your favorite forums
*[[Give away free coins]]
*Sell your music, art, etc for coins
*Let friends who are artists, bands, etc know that they can get tips if they make a [[DVC wallet]]
*Make everyone aware of all DVC price changes, up and down
*Pay people DVC for taking surveys
*Talk about the [[Devcoin Bounty]] on places like Facebook, [[Twitter]], etc
*Make your own bounties (Pay people Devcoins for doing things)
*Send emails to people telling them what DVC is
*If you buy new mining equipment, give the old stuff away to someone who wants to mine DVC
*Make Devcoin posters in your town (people like to wonder what a strange symbol means)
*Make Banners for [[Devcoin websites]] and let people use them for free
*Sell Devcoins on Craigslist, [[Bitcointalk.org]] and [[Ebay]]
*Accept Devcoin at your online or brick and mortar shop
*When you buy DVC, buy them for more than they are worth. The more DVC are sold for, the more they go up in value
*Make [[Devcoin Apps]]
*Plan/Suggest [[Devcoin events]]
*Exchange Devcoins with your friends when you or they owe you money, or in other situations
*Make a Devcoin fund, for something like a private island (and let people buy a plot of land) or a time share jet
*Loan Devcoins to people
*Gamble with Devcoins, play games online with friends and bet coin on outcomes
*Make Devcoin stickers and put them places in public
*Make a Devcoin bumper sticker on a custom stick shop website
*Play "[[Freeciv]]"
*Play "[[Battle for Westnoth]]"
*Offer people Devcoins simply for making a Devcoin wallet
*Blog about Devcoins
*Sponsor artists/bands etc, and pay them in Devcoin
*Offer adspace on your website in exchange for Devcoins
*Make videos telling people about [[Devtome.com]]
*Write articles telling people about Devtome
*Share Articles and videos about Devtome that others made
*Post about Devcoin price jumps on: Facebook, Twitter, YouTube, Forums, etc.
*Share slogans like "[[Devcoin, invest charitably]]" and tell people that can get coins for 1 penny or less each (for now)
*Make videos showing people how to mine Devcoin
*Write articles showing people how to mine Devcoin
*Make [[Devcoin portals]]
*Make Devcoin Block explorer
*Use this link to direct traffic to your Devtome posts: http://socialmediaexplode.com/?r=131994
*Loan Devcoins to people
*Create [[Devcoin gambling]] games, ex: Double or nothing, Flip a coin, etc.
*Post about Devcoin on [[Reddit]]
*Sponsor people with your Devcoins, offer contracts and invest in people.
*Submit your Devtome articles to Adwords
*Buy & Sell Devcoins by email.
*Create a coin that supports and is supported by the [[Devcoin Community]]
*Make your own product and only accept Devcoins
*Make funds for things like: [[Devcoin city]], [[Devcoin island]], etc.
*Make a [[Devcoin community center]]

http://www.devtome.com/doku.php?id=devcoin_advertising_campaign

If you want to see what is being developed by Devcoin, or if you would like to become involved, check out:

The Devcoin Bounty list:
http://www.devtome.com/doku.php?id=devcoin_bounty

AND
The Currently Available Bounties:
http://www.devtome.com/doku.php?id=devcoin_bounty_now

AND
Devcoin Mining Business:
https://bitcointalk.org/index.php?topic=34586.msg1220943#msg1220943

AND
The Devcoin Charity Board:
https://bitcointalk.org/index.php?topic=193625.0

If you are looking for a DVC Mining Pool:
https://bitcointalk.org/index.php?topic=210391.0

Places to SPEND Devcoin:
https://bitcointalk.org/index.php?topic=189471.0

FREE Devcoins:
https://bitcointalk.org/index.php?topic=191136.0

Can I buy your devcoins?

I don't really have many to sell right now, but in Early June definitely.
Your best bet right now would be Vircurex or MCXNow

Devtome thread
https://bitcointalk.org/index.php?topic=210446.new#new

Devcoin Noob Thread
https://bitcointalk.org/index.php?topic=210458.new#new

I think you are spamming too much. 1 or 2 bumps a day its ok, but all the replies of this topic are all yours...

Post all you articles in one post, nobody has replied to your topic.

I grabbed 100K of 'em, thanks!

I'm buying devcoins from anyone who is selling.

I grabbed a million.

Heh I'm now a devcoin millionaire. If it hits 1 dollar per coin I'm going to Disneyland !

Spamming is different than informing. I think you're complaining too much.

Nice :)

Maybe a dollar in like 6 months to 1 year is my guess.

I'll buy 1 million for $10 US  BTC/LTC equivalent

nice price spike on mcxnow is ther some pump going on?

good. I love devcoin.It is good at development.

http://dvcticker.appspot.com/ (http://dvcticker.appspot.com/)

That is not that good of a deal:

10$ = http://dvcticker.appspot.com/vircurex/10usd/dvc.png
1,000,000 DVC = http://dvcticker.appspot.com/vircurex/1000000.00dvc/btc.png

How is that not a good deal for me?

Those weren't bumps. I added all those within like 10 minutes. IT IS INFORMATION. The only useless shit here is your whining.

I think your math may be off... 1,000,000 is worth a lot.

I think it's just all the discussion going on. People are interested. :)

It's worth how much someone will take for it.. I'm just offering out there... just like I'll buy gold ounces for 1$ :D

Touche, anyone selling a car for 1$ I am buying.

devcoins merged mined coins with 80% to 90% going to developers. alt club pump? :D

You obviously haven't even read what Devcoin is. It's made to help out developers of open-source content.

I thought when you said BTC/LTC equivalent that you ha done some math based on those coins. Now I understand you meant that you will pay in LTC and BTC.

Exactly . The 90% doesn't go to the coins developers, it goes to any random person who can develop, write, photograph, etc

Isn't there 7 million new Devcoins created every single day forever?

http://www.coindesk.com/what-other-digital-currencies-are-there/ (http://www.coindesk.com/what-other-digital-currencies-are-there/)

1st Who cares how many of a coin are made? They are still worth a penny each, but are currently valued at 20 for a penny. BTC releases 7 per block if I am not mistaken, so 5,000 is less that 1000X the amount. So the coins should be valued at at least 1/1000th of a bitcoin.

2nd Blocks release 50,000 DVC when mined, but only 5,000 go to miners. So you can't really count the 45,000 per block

3rd That 45,000 is distributed at the end of each round, so you could say "180,000,000 DVC are created every round". And that is split between every writer, programmer, admin, musician, artists, photographer, etc that writes on Devtome. So it's pretty well separated, and basically goes to starving artists.

I'm not sure. Devda.ch is a good one :)

That is the correct wallet, its odd looking but its correct.

I can't wait till the end of this round :) :)

If you mean qt wallet i think there is somewhere a new github fork - but unfortunately i don't remember where. Anyway daemon works great.

I think there will be 21 billion dev coins in total (bitcoin limit X 1000) - based on the original source release. Has that changed ? The idea was to increase transaction fee, and break down btc value by 1000 parts.

Also, just a tip. This round shares were smaller than usual.
Usually they are about 1 million DVC per share.
This round was about 350,000 DVC per share.

So people are about to start selling them for more, since less are being distributed. (It's all happening because more writers are coming to Devtome)
So that's another good reason to buy now. Buy while they are cheap, sell when they are a little rarer.

Next round could get as low as 50,000-100,000 per share, since there is a thread for Devtome an stuff now.

Nope, nothing changed I don't think. Only problem is that it isn't worth 1/1000th of BTC yet. But I think it will be soon. I believe 1/1000th of $100 is 10 cents... Six months to a year, and I could see that happening.

I'll buy some devcoins - looking at 100K, IM me a fair price

You can buy them easy at http://vircurex.com/ or http://mcxnow.com/

For good prices too :)

Yea i am going to get around 10mill~ Only got 3 now.

There is a reason why it is not at 10 cents. DVC is not nearly as widely useful as BTC - in fact, let alone BTC, not even close to LTC. The price is how much people are willing to pay, and they will pay when there is awareness - which comes from widespread usability.

Nice, that's a good chunk of coins :)

I am working on the awareness, don't worry about that. An you are wrong about the usefulness. This coin is far more useful that BTC I certain ways.
Ex: Charity, Development, Creation/Invention, etc

I just traded 20 WDC for 17.000 DEV

They are really worth nothing right now and worth to take the risk. Will buy a few more :D

I could see it happening like that. But if any one of the big bounties get ANY major development it will raise in value faster than that, just like any companies stock would if suddenly it was developing some amazing things.

Devcoins yesterday were 650,000/1BTC Today they are 555,555/1BTC...

The price is rising :)

In the past couple hours it just went from 555,555 DVC/1BTC to 526,000 DVC/1BTC :) :)

If you bought DVC yesterday you could sell them already at a profit (not a suggestion, just an observation. They will most likely continue to go up in value over the next month)

I'm liking devcoins - pretty slick idea.

Yes, DVC is good. I like BTC, LTC and DVC. Will keep on buying slowly, and like the idea of supporting creative community in the process.

Agreed. DVC is AWESOME :)

DVC is very good. It supports students like me, and if you feel like writing, it could support you too.

EDIT: Or better yet, claim one of the giant bounties that are offered. There are bounties for some pretty ambitious projects!

There are some pretty awesome bounties. :)

Here is a small taste of the bounties offered, the full list can be found here: http://www.devtome.com/doku.php?id=devcoin_bounty

Capitalization 100,000 USD

Software
Simple Extension
Hardware
Card Game
Medicine, Extra Mineral Water


Capitalization 1,000,000 USD

Software
Modify Big Application
Small Application
Hardware
Aircraft, 3 m Diameter Solar Balloon
Board Game
Medicine, Fortified Food
Toy, Simple


Capitalization 10,000,000 USD

Software
Big Application
Hardware
Aircraft, 10 m Diameter Solar Balloon
Boat, One Person
Building, One Person
Fabrication, One Fabricator Type
Ground Transport, Velomobile
Medicine, Diagnostic Equipment
Solar Power, Sun Tracker
Toy, Remote Controlled
Community
Rented Hacker House

Only like 2-3 weeks left in this round on Devtome. :)

That was probably me, buying a million units.

Nice :)

I supported the artists with 11 mil DVC yesterday on vircurex  ;D

the devcoin wallet looks a bit strange, i would buy a little bit but it says bitcoin in the windows wallet i downloaded from the darkgaming site?  is it meant to say bitcoin inside this wallet?

Nice :)
There is tons of stuff being developed by Devtomers, so buying those coins really does support REAL stuff being made :)

Yeah, some of the wallets say BTC, but it's fine.

Question about all the "software" categories. Who defines what is a "simple extension" versus a "big application modification"? And what software is eligible for these bounties? I'm a bad DVC user who never looked closely at this page before  :-X

EVERYONE is eligible I think, but registering at Devtome would be a good idea so they have your wallet. You just have to let them know you did the bounty on the Devcoin thread.

ok thanks :)

How do I import a privatekey into my devcoin wallet?

I'm not sure what that means.

So every Bitcoin address has a privatekey that allows the user access to that wallet. The private key generates the public address. Devcoin is the same way. I have a private key but don't know how to import it into my wallet.

I'm not sure. You should check/ask on the Devcoin thread. It's jut called "Devcoin" and it's like 130 pages.

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

No, my question isn't who is eligible, but what. Like if I upload a terrible "Hello World" program am I suddenly eligible for a $100,000 USD bounty? The description is extremely vague for almost all of the "software" bounties...

Oh...
You might have to ask that on the main DVC thread...

There are limits on the bounties based upon time required to create the product or software or write the articles even on the site. You can look up bounties on the devcoin thread or devtome.com.

Alright, if there are formal requirements I guess my point is moot. Where specifically on devtome can I find them?

Those are the projects which will be 'viable' at given market caps, not the actual bounties for those projects. At least that's how I understood it.

=bounty]http://devtome.com/doku.php?id=devcoin_bounty&s[]=bounty (http://devtome.com/doku.php?id=devcoin_bounty&s[)

And correct its based on market cap.

great ideas mate, I agree, gave me some good ideas there, thanks :)

No problem.

My mistake for misreading it then.


Final final question: Once someone creates one of the bounty projects and/or opensource'd software, I assume that they should post in the Devcoin thread about it in order to discuss the details of bounties and funding and whatnot?

Someone may have made a bounty thread if I remember right, but wait for someone else to reply because I can't fully remember. The thread may have just been suggested and not made.

The easiest way is to ask in the thread if your project would be eligible. If there are some details you are lost with, PM unthinkingbit for clarification.

Only like 1500 blocks left till payout :)

I can't believe how cheap they are right now, even last month they were 300,000 DVC/1 BTC. So they will be that much again REAL soon I bet :)

I thought dev coins were designed to stay low....what m I missing here?

That low doesn't mean they have to stay at less than 1 penny each.

no but by design I meant actually something in the code to keep them low or something like generata more if price went up to high

i confess I really really don't understand DVC

Oh no, there is nothing in place like that.

No that's wrong.

Mark checked the source code and it's infinite...

Wrong, I don't have millions of coins. I JUST learned about Devcoin last month, and I still haven't been paid by Devtome. I am simply trying to help people.

And it is not hard for the coins to acquire value. It would if they were just random coins like Bitcoin, but Devcoin is supported by Devtome and the Boutnies. The more popular devtome is, and the more bounties get done, the more the coins are worth.

I never said it would be worth a dollar. You're making shit up. I said 10 cents.

In that post you did say that you think or estimate that it will be worth a dollar in 6 months to 1 year time. Also, you mentioned that it would be hard for random coins like Bitcoin to acquire value, but it's a $120 per coin right now....

That was a complete guess in response to someone wanting to know when it could possibly be a dollar, I was guessing for him since he was asking, not making a general statement for everyone. If you read my statements to everyone, I never go over 10 cents. And those are predictions based on things happening, not guesses.

Said people are called speculators. If you want to truly invest in this stuff, avoid all opinions.

I have no secret stash of Devcoin, anyone can become JUST as invested in Devcoin as me, FOR FREE, by joining http://Devtome.com

Because I do believe that base on the projects in place it is possible for that to happen. A dollar is just a guess though. I KNOW the projects will get it to 10 cents.

I never said "It won't pass 10 cents" I just KNOW it can reach 10 cents. It could easily get over that, but I won't predict when. I'd guess on that, but I'm not going to just say "It will happen at this time"

You're allowed to bump your posts ONCE per day.  Doesn't matter if you have new information or not.

I didn't bump. I just added quotes. It all happened in like ten minutes. It's not like it was like 6 hours in a row.

Devcoin has been steady around 500,000 DVC/1 BTC but it just went to over 600,000 DVC/1 BTC.

TIME TO BUY WHILE THE PRICE IS LOW

The more Bitcoins are on the market, the cheaper Devcoins get, let's change that. Start selling your Devcoins for MORE everyone.
http://i39.tinypic.com/e5md0g.jpg

Guys. This is the only marketing needed.

I'm buying a lot of DVCs right now. But... which is the exchange with most liquidity?

BUY ON VIRCUREX!!!!!

There is another Devcoin video :)
http://www.youtube.com/watch?v=K_Axa9_yXF4

I believe the going rate on Vircurex is roughly BTC1.6 per million devcoins at the moment... I don't think this year it has ever been so low as $10 per million devcoins...

It has been lower:

http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=dvc-btc&market=vircurex

Not this year.

WOAH,

Devcoin just jumped up in value by like 1/10th (DVC/BTC) in the past 30 minutes. Now is a GOOD TIME TO BUY. They could double or triple in value in the next few weeks. And there are only 7,000,000 left on the market in exchange for BTC... Like 10 Bitcoins could buy ALL OF THEM

Actually quite a bit lower... the lowest I've seen was around BTC0.3 per million devcoins, but the high was above BTC3 per million.

Devcoin value can move quite a bit...

But seriously, no one wants to give away 90% of their profit to devs; regardless how good or bad the idea might in theory be, people are greedy by nature. Devcoin will never be substantially more valuable than what it is today, in fact I think it is one of the most likely altcoins to die in the long term.

Disclosure: I earn devcoins.

First: but what if you and others were also devs. 'Dev' for devcoin isn't just software/hardware. It's writing, art, marketing, other ideas.
Second (and I may get flamed for this): all of the deflationary cryptos are going to die in the long term, at least in so far as anything beyond hoarding/facilitating transfer of other currencies. A medium of exchange in a credit based society cannot be inherently deflationary as nobody will want to be in debt. So while there's no value with my bias in exaggerating the worth of devcoin in its infancy I'd bet the future of any successful crypto will look a lot more like devcoin than, say, bitcoin.

And Devcoin girl is making new videos :)

I am a dev, and of course I'd love to receive 90% of the profits the miners do. I'm just having a hard time trying to picture a miner saying "Oh, hey, let's mine this coin which is 90% less profitable than any other cryptocoin that I could mine with this hardware, just for the heck of supporting developers, art and culture".

The idea in itself is not bad; I'm not against supporting creators. The problem I see is that it can't hardly grow if people are greedy, which they are.

It is merge mined with Bitcoin, and pays out in Devcoin. So you actually get more than 10%, but you get it through other coins.
And merge mining is the ONLY option for Devcoin, so that's just how DVC mining works.

You’re correct, people are greedy. But at some point a whole load of people are going to wake up to the fact that bitcoin et al are like a game of pass the parcel, except in this replicable deflationary game of increasing real interest rates in trade the person holding at the end loses. Like you I’m playing that game, and I think it's a fantastic revolutionary stepping stone. But as I don’t know when it ends and because I don’t have the time, inclination or capital to risk all I prefer to mostly stick with the admittedly slower but sustainable greed that comes from getting paid for doing something or receiving something wanted. I think others will come to realise this over time. Time will tell.

Devcoins rock!

True Shit :)

I've got me a nice ~140k DVC locked away in TrueCrypt. Set a random password that I don't know and have the computer cracking it. It's 8 characters with any symbol, letter, or number on the keyboard. Good way to force yourself to go long. When it's opened ill see where Devcoin is at

Nice :)

+1

Miners are essentially accountants - their job is really to keep the ledger, and they get coins each block as a reward. If we called them "accountants" rather than "miners" would they seem as glamorous?

Also - imagine an economy where the people who actually do stuff - create art, books, software, hardware, tools, grow food, build houses, make furniture etc - are paid nothing and only the accountants got the lions share. That sort of society would collapse - unless the model was restricted to a very narrow one where there were just two players - the speculators and the accountants...

I'm interested in having a discussion on economic principles, so I will try to answer your point with a question:

How can long-term value as a currency (not a commodity, store of value, but a currency) be assigned to a replicable deflationary asset such as btc?

Is this directed at me, if so I'm not sure what you're asking?

On your points about supply and demand, I think we’re talking at cross purposes. You’re referring to price I’m referring to value. Value as a currency. I’ve yet to read any explanation of why, in an environment when the price of btc rose above x (where x is a level regarded as prohibitively expensive to transact in) any particular trading group interested in btc’s benefits wouldn’t simply replicate the blockchain for their own purposes of trade. Or perhaps the abundance of recent altcoins is testament to this growing reality?

On what I think is your inference about Devcoin, it’s mostly arbitrary. The price of dvc was initiated with more decimals to facilitate whole numbers (ie btc/1000) in simple terms, and so the matter of quantity has to be referred to in terms of market capitalisation in reference to something, say btc, or usd.

That the supply of dvc is not limited is, in my opinion, its strength not weakness. Devcoin is purposefully a token currency. Token as in notes or coins. In order to maintain a currency, a medium of exchange, there must be facility to lend and borrow, short and long-term. Devcoin achieves this without reference to banks and debt money. But this aspect is ruinous for adoption of btc and deflationary cryptos beyond hoarding and perhaps facilitating the transfer of other currencies. I don’t think most people appreciate this yet, or perhaps they do and it really is pass the grenade? What is the natural equilibrium price of a replicable deflationary asset? What is the natural equilibirum price of a devcoin? I don't know. Devcoin initiates payment/reward and creates skin in the game beyond the prayer of first mover advantage, which is why I'm interested in it longer term.

Your point IS moot, because I already explained that ANYONE can become just as invested as me by writing on Devtome this month.

I am not "pumping and dumping" which was your point, and it is moot because this thread is NOTHING but sharing information to get people on my level. Not so that I can be above anyone.

Devcoin's payment route realistically is much better than bitcoin. Look at the bigger picture. With bitcoin, mining is currently the ONLY way to earn bitcoin. With Devcoin, you are paid for your work, and miners get money as well. If it can be adopted to all forms of work with a fair system of payment, it would be more ideal than bitcoin

Personally I like devcoin - think it's a great concept

Those of you who write on Devtome - how much do you earn per word, how often do you get paid?

They are working on letting video makers get paid, and the bounties offer a lot of variations of things to do for payment.

You can get paid for posting pictures right now as well.

1,000 words is 1 share. There are 180,000,000 coins per round, evenly divided into the shares.

Of course you are correct but is Devcoin the answer?  Many people have mentioned that there are infinitely many Devcoins and that is the main problem with the idea. Perhaps a fork should be made and it should be renamed Workercoin instead because Devcoin sounds too nerdy. At the end of the day we all need a way to earn coins and Bitcoins don't seem to provide many avenues to work for coins just yet which is part of the problem with Bitcoins. If more people could actually work for them more people would use them and it wouldn't be so easy to manipulate the price.

Devcoin does not seem to be the answer though. While you may need billions of coins if its merge mined with Bitcoin, to have an infinite amount of coins seems unnecessary. One thing should be clear, Devcoins are not a traditional currency they are a token currency. You can create infinite tokens, tokens are only used to determine who did what work so if it's 1 token per share or a trillion tokens per share it does not really make any difference. For the barter exchange of time for labor any token will work. Devcoin just in particular isn't working because we aren't all writers and programmers so how do musicians, artists, mathematicians, and those who offer products and services get paid?

When the market is expanded so more than just writers and programmers can get paid, but podcasters, models, and anyone who offers any digital content can get paid, that is when Devcoin will work. Devtome isn't really a good enough site either, there has to be many sites like Devtome for it to work and different sites have to fill different niches.

How much is this in USD per share? How much is 1000 words worth in Devcoin economics today and into the future?

The payment route has to be much more streamlined. Maybe some developers can work on streamlining it into a sophisticated E-lance site where individuals can work under a pseudonym but at the same time have all the accounting and tax stuff handled in the background, also of course escrow and the ability to use digital signatures so a person can verify they produced whatever work they produced, perhaps the ability to do independent contracting paid in Devcoins and eventually salaries and not just bounties. Bounties can only take you so far, people will want smart contracts and a sense of stability.


The only problem with Devcoin is it's difficult to determine exactly how the market determines how much a job is worth. How much is 1000 words supposed to be worth? How exactly do we control how much anything is worth when there are infinite amounts of Devcoins? We all know every word is worth something but how much seems to be difficult to determine and Devcoin hasn't solved it. $70-500 is a very large range, so perhaps a rating system can be built in at some point so that really talented writers can get bonus shares in proportion to their rating. This rating system would have to rely on digital signatures and could not be done anonymously though so it would have to be traced to real people and that is hard.

Luckybit - I don't have all the answers, but it's not just for developers and writers. The ethos is just one of open-source content. Music, art other ideas included, although admittedly that gets more complicated re. real open-source.

The portals are under constant development as far as I know, including a newer main site. There are also plans to introduce a rating and pageview/advertising element to differentiate between articles for example.

The currency and generation issue - can only speak for myself here but I have quite a different view on cryptos generally than most it seems. I don't think btc/ltc etc are currencies at all, they're commodities in terms of means and ease of particular transaction facilitations. This is in large part because they're finite and replicable. Devcoin avoids these problems, although not saying anthing's perfect. There didn't have to be billions of dvc, as far as I'm aware it was a conscious decsion to eliminate the decimals issue. I think it's completely arbitrary.

A share is a function of how many people wite and how much, how many people develop and how much etc. In the latest round for example it worked out to about 360k when factoring all and seems to falling each round as interest grows.

Gauging worth - determing npv requires an account of future cash flows. Whether generation is limited or not isn't the issue as long as it's forecastable and therefore able to built into decisions and transactions. The word issue for example - if the earnings fall to a level where it's not considered worth contributing, nobody will, so there'll be fewer articles of fewer words and the share will rise. etc

Anyhow I'm not a spokesperson for devcoin, but I do find it worth some of my time. If you have ideas/suggestions/questions, including on payment route, to contribute post them on the main devcoin thread. The more people are involved, the more decentralised, the better: https://bitcointalk.org/index.php?topic=34586

I recommend mining YacCoins, and then turning those into TerraCoins. In TerraCoins they cost about .001-.01 each. I bought several thousands of them using this method.

Holy shit, I just looked at Devcoins and you can get SOOO many for 1 Bitcoin right now. Over 800,000

Me too.

I can sell you 3 BILLION ZWD for 1 BTC.. it's like A BILLION :)

What is a ZWD?

I just read this entire thread.  I have two questions/concerns from what I read.

1.  When did Devtome put a cap on 80, 000 words per writer per round, and where is that info posted?

2.  If the supply of Devcoins is truly unlimited, then I cannot see how in the long run its value can ever go anywhere but down.  That's essentially why fiat currencies experience inflation.

I see things to like about the intention to support artists, but not sure it's sustainable.

Doing the math, writing for Devtome is some of the best money a writer can make generating Internet content right now, but it definitely seems like a "strike while the iron is hot" type of deal.  If 7.2 million Devcoins are added every day forever, there will come a point where even if one writer picked up the entire 180 million dvc in a round it would be worth so little that no one would bother producing the 1,000 words needed to earn it.  But right now, it appears to be profitable.

Sorry. I. Just. Can't. Resist. http://bit.ly/15mtpX5 8)

about 6 Bitcoins could buy all the DVC on Vircurex right now, lol.

Would do if had. ^_^

you sad bro?

mcx or vircurex?
Which is better?

I bought 20k before :)

Andy B

I am willing to spend up to 0.3 BTC on DVC, how much should I really buy?

finshaggy said 6BTC could buy most DVC on vircurex

As many as you can dude! :P

Andy B

why?

They are increasing in value everyday :)

Andy B

Anybody willing to sell 1BTC worth PM me.

Thanks!

On vircurex they seem to be staying between 0.000125 BTC and 0.000145 BTC...  :-\

LOL I thought people only traded on mcxnow.com

$10 per coin!  :o

Just bought 425 488.83  DevCoin on Vircurex. (In Yac-Coin, and also BitCoin.) Will be buying more in other currencies, hopefully the value goes up!

Devcoins are the cheapest I have EVER seen them. I'm going to Garden of the Gods, I already bought tons of coins. Everyone else should too while they are so cheap.

What is the best site to buy them on?  What is a good price?  I don't follow them at all but willing to throw some BTC at them.

PM / E:MAIL ME!!!

PUMPER!!!LOL

I've seen them much cheaper earlier this year.

RULE #1 =
DON'T DRINK THE KOOL-AID!!!
 ;D

They are on Vircurex and MCXNow. And a "good price" is anything under a penny. They are usually around 20 for a penny. And are currently probably about 40 for a penny (in bitcoins)

I've only been watching for a few months. But I can see exactly where they are going (into the public eye, and up in value)

PLAY IT SAFE PEEPS! >> POSTERS FRONTLOAD>>FLIP 50%>>TOUT FREE SHARES!!! = WEEEEEEE

Even if what you say were true (and sure, some people dump coins), all that means is that people can buy them for super cheap during the dump, then save those coins till the price goes up and make more bitcoins back than you started with. So weather the price of BTC inflates or deflates, you have some helpful cushion.

That's all Alt coins are, they are not meant to compete with Bitcoin. They are simply alternative coins that support Bitcoin in their own way. Some are for new miners, some are for developers, some are for people with money, some are for people with time, some are for people with food.

It's just a big economic ecosystem.

there are trend followers and reversalists >>> smart traders are reversalists!imho

Then there are revolutionaries, and developers. Devcoin is where the idealistic, creative, inventive and hands on trader goes. When you want to work on your investment and see it do great things, instead of watching it go up and down based on the silk road and Crypto-"1%ers", you go to devcoin.

ya funny guy and people like me who have been i'n the game for over 5 years get punked like this ... believe me i'm reporting this DEVCOIN scam to the markets

Lol, 5 years. Wow. So you're just a few years behind the E-Trade Baby.

where's waldo >>
http://www.google.com/webhp?hl=en&sa=N&tab=lw#hl=en&sclient=psy-ab&q=the+cryptocurrency+forum&oq=the+cryptocurrency+forum&gs_l=hp.3...3312.33577.0.33911.31.23.2.2.2.2.289.2472.12j8j2.22.0...0.0...1c.1.17.psy-ab.-kcfjTvf688&pbx=1&bav=on.2,or.r_qf.&bvm=bv.47810305,d.cGE&fp=99150fd835b8b989&biw=800&bih=368

I believe he is about 20 years ahead of the E-Trade baby, if not more. So at least 20 years ahead of you.

E-turd thats what we call them lol...they still down on markeet street?..up in dat that funny looking r0tunda!?weeeeeee

Why would you make fun of a baby that knows more about (or at least has more experience in) the market than you?

You are just a straight up hater.

ya personally i'm camping wit Ameriturd they are cool and sometimes hook it up and i'll get FREE TRADES!!! ;-)*cough-w1nk!*

I don't trade stocks, I was always more interested in Forex, just never had the money till I got invited to Devtome.

Only scam in this place is you, you're a virus and should be deleted :)

Don't bother with forex, been there done that its not what you think it is, no centralization means no reporting of who's doing what. Market maker's, banks, funds etc that is your competition, I'd rather play against you then a bank no offense.

True, but it's always good to invest a little everywhere. And I think investing in countries and political zones is a little better than investing in businesses. So I'd just rather go with forex than other investment options, except of course gold/silver and my own business, or something I see promise in. Not just a THR letter nasdaq symbol.

Maybe, can't be so sure, but at these prices I don't see any point in dumping because we are only 100 points above absolute 0, why not ride it hotshot? Do the R:R calculation figure it out.

ya DEVTomb sounds really dope! ~ too bad they shut it down! ;-)*easyyyyyy

for short moment I will stick to DGC,
anyway thanks for your recomendation  ;)

SHARES WILL BE WIPED OUT...*stay tuned!*;-)LOL

100 zeros? really!?  ???

See, you're theory is completely unfounded. Devtome itself breaks apart your theory. No one is dumping and laughing when the value plummets, we are all working to make the coin more valuable, because we will keep getting paid good money if we do (our coins retain value or become more valuable as we earn them).

If this was just stock, and one day we were at 0 stock and investors were at 0$ maybe you could prove your theory to be somewhat plausible. But the fact that we keep getting paid, and the fact that YOU or anyone else can you get FREE coins (as long as they are not trolling or spamming), makes Devcoin a never ending cycle of creation, payment, purchase and more creation.

And that's JUST devtome. Which is one of MANY of the Devcoin Projects.

ya DGC is a good one ~ did you watch that guys vids from a few years back? ~very cool imho!

Shut it down?
http://devtome.com/doku.php

You are now on ignore.

It's highly leveraged, so you will have to "know yourself" to be able to be successful in that market. It's probably the hardest market to play in, i've done equities too, but the fee's reduce your expectancy to something I would rathe rnot participate in. A few option strategies have promise.

What do I mean about "knowing yourself" well thats a journey you will love and hate if you haven't started it yet, gluck to you on that lol... takes atleast 10k hours to be a pro at any technical line of work and forex isn't any different.

If you do wish to persue it I suggest joining a community like forexfactory.com, you can find me on there and probably find alot of useful info from my posts I try to help out with the noobs as much as I can.

prove it ! = so far i'm thinking this is a frontladed hype job and you are an inside trader! ;-):LOL

Honestly I'd just buy money for the countries I plan on being in the most :) Invest in my own future.

Figure out the R:R

As I have said at least twice, Google Search "Devcoin Bounties".

Aaah I see so your not talkin about the same thing lol you're holding non leveraged. That's cool, I suggest you earn swap by joining a broker like Oanda or IB, you can short the yen, buy aud/nzd/sgd/inr to earn swap(interest rate differential).

spammer ~ ! forexfactory.com

link? scrrr

Sorry just helping out, I have no interest in promoting that board, I participate actively in posts but nothing else, rest is up to u noob.

That's cool, I'll check it out.

Do some of your own work scrrr

is this you? >> if not she just ratted u out! ROTFLMFAO
http://www.youtube.com/watch?v=G7PvxyvDB3Y

https://bitcointalk.org/index.php?topic=233515.msg2463895#msg2463895

I am keeping my Devcoins, I will sell when it reaches $10 per DVC.

That's at least a year off. If not much longer. So you can imagine how long you'd have to wait, look at the Devcoin bounties. We'd need to be about 75% done for coins to be that much.

Doesn't matter for 1000x profit :) , worth the wait.

There are way too many Devcoins in circulation and being created every day for that to be a possible price point. I'm just hoping they reach one cent and even that's kind of a stretch.

Even if they reach half a cent, there's still a ton of profit in buying them this cheap.


I'll put a bitcoin into dev :)

If Devcoin Bounites get completed, and all those things become reality, and all for sale and pay in devcoin, it can definitely reach that point.

As the projects develop, the Devcoin will slowly be more and more in demand and hence demand will drive up the prices.  At current, the projects are just initiating, it takes time for each project to develop.  It is not like Bitcoin which has an first mover advantage.

Exactly.
And all we have to do to get a return is NOT ACCEPT LESS THAN 1 PENNY. This is how economies correct themselves, the people solidify in a purpose, and get it DONE.

That's pretty much what I did. I got out of Ripple when it was 5000/btc and bought a bunch of LTC and just over a million devcoin because I like seeing that number and massive volume = massive profit  ;D

Yup. And every time a round payment comes out, (just as a tip) THAT is the BEST time to buy. People DUMP the shit out of coins when they get paid, so like 0-2 weeks in to payment is best time to buy (like now), then best time to sell is just before the next payment, because that is when prices are highest.

lol exactly.

I'll put the next weeks profit into Devcoin.

Even if it goes down to 0.000001, the reward is much greater compared to the risk :P

That troll instead of doing damage to Devcoin gets the community together :)

Like I said before he now knows his role (helping us get stronger together)

i'd trade 250 AC coins for 1,000,000,000 DVC any takers?

true that ya know its never a good sign to see developers(scammers) pumping wiith no basis

What the hell is an AC coin?

Maybe American Coin.

only 21 million will be issued imho!~~~i'm DD it to see if i should buy more!

;-)

WEEEEEEEE

Just so you are all aware, the new, final, main Devcoin thread is here: https://bitcointalk.org/index.php?topic=233997.new#new

It's moderated so that spammers can be blocked and have their posts deleted.

Exactly :)

Reporting pumping of the currency isn't relatively important. Before FinShaggy started posting about devcoin, I hadn't even heard of it. He got its name out there, and us posting here keeps it high in this section of the forum. The only thing worse than bad publicity is no publicity at all.

This is not at all unethical promotion, but you are doing some shitty trolling.

Could you please give examples of how FinShaggy has been unethical in his promotions? I haven't had the ability to stalk his every move and post as of late.

We need a like button.

i think this is the first time ive seen a forum stalker thats not a troll lol feel sorry for u fin

He's definitely a troll. Devcoin is his bridge.

probably related to this owl freak he prob has a coin coming out and dvc is competition.

Oh, I thought you were talking about Owlsy. Who is the new forum stalker?

this hotcoin kid.. he created a new thread now about your claim of $10 dvc and hes obsessed about it. I tried to msg on that thread about letting it go because you have better thigs to worry about and it gor deleted within seconds so I guess hea just another owl looking to create negativity stir things up.. Dont even bother not worth the 2 mins of your life.

Lol, the trolls will get bored.
And if they don't, they serve a purpose. I have been through this before. I get berated all the time for posting youtube videos, but I always keep them on Topic. But on Trollitup (rollitup.org) they HATE on people that post their own videos. So I have been stalked, trolled and shit talked for 2 years as I post my grows, hash and buds. But all it really does is get me more comments, more thread views, more Google hits and more YouTube views.

And that's all it does for Devcoin to. So they are really just helping.

All i said was give it a rest and it applies because you must be 16 yrs old with no friends except your right hand.

THreads usually offer different points of viee but i guess yours isnthe exception. Try harder to show your just a troll next time k? Thx

LOL I cant even... The trolls finna troll

If Devcoin/Devtome has changed your life, or even just slightly increased your standard of living, please share about it here. We need stories of faith, hope, and redemption brought on by Devcoin. Or even just "I got some coins and bought a new miner".
https://bitcointalk.org/index.php?topic=241403.msg2559227#msg2559227

When is the next DVC pump?

Non-standard scripts activation imminent - (Daniel Treccia).

$.00000252 per DVC now.

LAST CHANCE!!!