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13461  Alternate cryptocurrencies / Altcoin Discussion / Re: Aegis DevCoin on: June 13, 2013, 08:12:44 PM
What is this Aegis that there is talking of people joining or having joined or whatever?

Aegis is a moderator account started by the original poster of this thread, acs26. I asked him to make it because I realized that no one person can moderate the thread round the clock. If you want to use the Aegis account, please message acs26.

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It is kind of out of the blue to me.

I was frustrated with the trolling, and after realizing that a self moderated account would stop it, I just made the 'Devcoin Moderated' thread before thinking about it. After making the new thread I realized that we needed round the clock moderation to stop trolling completely.

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Is it the name of the proposed offshore corporation or is it some forum somewhere where some stuff is published thus that has moderators? If so what does it have to do with devcoin?

What is involved in forming an offshore corporation?

The offshore corporation is unrelated to Aegis. I'm not sure what is involved in forming an offshore corporation, I assume it means lots of forms. If you're interested please message me, in a couple of days everyone who messaged me will participate if they wish.


Unthinkingbit, it's going to be tougher than it used to be to set up a corporation in the Bahamas.  There's been a lot of cracking down by the Feds over the last few years and now there are no more secret accounts in Switzerland, they have upended all of that secrecy.  

That said, I'm sure there is now much more transparency and regulation for Bahama accounts.  I had an LLC in Delaware since that's the most favorable place to do an LLC, but that was a few years ago.  

LLC is the best way to go unless you want the option to sell stock later on as that's the main difference between a LLC and a corp, well, that and lower taxes for the corp.  An LLC has the same protective "corporate veil" as a corporation which is nearly impossible to be pierced so your personal assets will protected and separate from the Company's (LLC) assets. 

A Corporation will require much more tedious work like a board of directors and regular scheduled (quarterly) meeting where you have to record and maintain "minutes".  A real headache where an LLC is very simple and requires no board, no meetings and no minutes.

And as an LLC you can file an exception to be taxed at the lower rate of a corporation, so you get that benefit without the headaches.

To make the best decision and to make sure it's all legal you would most likely need a lawyer which specializes in this field - most likely a trust and estate or securities lawyer or an ex-corporate lawyer.  I'm sure they can do all the paperwork for you and determine if an LLC or a corp would be best based on what you're looking for and I doubt it would cost more than $2,000 to a max of $5,000.  

An LLC in Delaware only cost me about $300 plus the $100 yearly fee as you need the law firm to represent you in that state as a trustee.

Legal zoom is a great place to start for cheap legal forms and legal advice.

Good luck!
13462  Alternate cryptocurrencies / Altcoin Discussion / Re: Aegis DevCoin on: June 13, 2013, 08:01:03 PM
I don't know about the article, although it's collated, but the books are his own

Edit: as far as I'm aware all his original articles have been vetted as his own (by Ethan Harris) except for "When Prophecy Goes Rogue" which he has yet to link to. Unthinkingbit has now asked him to do this, I had already done so.

As a general point one should not have a problem with writings just because they are long and wait until payout cutoff day to highlight issues. The problem lies, if there is one, with the payment share methodology not the length of articles. A wiki dedicated to promoting writing is be definition likely to attract writers.

Please actually read the post. The things mentioned are definitely not his own, unless he goes by multiple different names.

1) This is the book he posted: THE LIFE OF GOD IN THE SOUL OF MAN by Henry Scougal

Not sure if Ethan Harris is the same as Henry Scougal but I assumed not.

2) The other very long article he has has a ton of copy and pasted content from various sites, such as from PJ Millers. Again, I just don't think that Ethan Harris is also PJ Miller.

There are no issues with people using articles to help spawn theirs. The problem comes when you're using a lot of other people's material copy/pasted and you're claiming it's "Original." This is what "Collated" is for. And collated does not mean taking an entire book that isn't even in your name and copy/pasting it.

COPYWRITE INFRINGMENT= i know Master P and he will come after you!

Ok, where are the mods.  This guy should be able to excersize his freedom of speech but he's blatantly calling devcoin and unthinkigbit "the mafia" which is completely groundless and ridiculous.  At least a couple of his posts need to be deleted.

And dude, you're welcome to post here but if you accuse someone of wrongdoing get proof and then I'll be all ears.  Be mature about it, you're acting like a child.
13463  Alternate cryptocurrencies / Altcoin Discussion / Re: Aegis DevCoin on: June 13, 2013, 06:07:20 PM
Whoops,  Shocked  , yes sorry, my math fail there. You are correct.

Yes, I am correct, but it brings me no joy.  FinShaggy's pumping is increasing, and the damage to the devcoin project is increasing with it.  This is bad news, and needs to be fixed.

Oh please, you've said this a dozen times in under 24 hours.  Give it a rest you boyscout.

When I did my research on all the alt coins in order to pick the ones I wanted to buy (some 2 months ago) I read at least one third party article which stated:  DEVCOIN was once at $10.

Why don't you stop whining and google "devcoin $10" and I bet you'll find numerous articles making this claim.

Finshaggy is simply repeating what he heard or read.  Free speech, free country and at least he's done a lot of good for devcoin and devtome where the only thing I've seen from you is whining and complaining.

So here I am, backing Finshaggy's claim.  Call me a pumper, I read it doing research.  You wanna put a scammer tag on me too now?  

Grow up man, this is America!


13464  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin Moderated on: June 13, 2013, 06:03:33 AM
Brilliant idea.  Thanks, it was getting really bad over there. 

Oh yeah:  I'm first.  I think....
13465  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 13, 2013, 05:42:37 AM
Sheer number of posts is the goal, maybe? hundreds of posts on some obscure thread no-one in the investments section reads then show up there with a scam as a "hero member" ?

When DeVCoins are over $10, BiTCoins should be over $10,000 ...

-MarkM-


You're presuming a 1,000 to 1 correlation.  In that case we should be at over $.10 right now which is an enormous leap from here.

That said, in the short run anything can happen, and that's what I'm banking on.  When enough investors get in this market there's no way they'll all go in on Bitcoin and not speculate on a few other coins.
13466  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 13, 2013, 05:39:10 AM
Seems like Owsley is just bashing DevCoin because he doesn't want competition.

https://bitcointalk.org/index.php?topic=233065.msg2457266#msg2457266

In case he tries to delete his post:


why? lol maybe they could rethink their efforts into a real content based coin to compete with the one me and Yoshatoshi is about to launch! ;-)*WATCH!*

Yashatoshi?  Is that even a real person?  I can't imagine anyone signing on with this guy.  He's whacked!
13467  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 13, 2013, 12:37:22 AM
Block 93,300 just ticked over.

Can we get a final payout/contribution sheet?

I'm curious how many total shares we have now that round 24 is over.  TIA.

Awesome. I think shares will be bigger this time. Idk though, I haven;t been paying attention.

We had over 900 shares a week ago.  We're easily over 1,000 shares.  I'm thinking 1 share will be around 150,000 coins, down from 359,000 coins last round.

HOLY SHIT. I thought people were writing like 5,000 words each like last time. Lol.

No, we had many more writers and also much busier writers. 
13468  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 13, 2013, 12:34:20 AM
Block 93,300 just ticked over.

Can we get a final payout/contribution sheet?

I'm curious how many total shares we have now that round 24 is over.  TIA.

Awesome. I think shares will be bigger this time. Idk though, I haven;t been paying attention.

We had over 900 shares a week ago.  We're easily over 1,000 shares.  I'm thinking 1 share will be around 150,000 coins, down from 359,000 coins last round.

Edit:

I can see bitcoin going to $1,000 if it goes mainstream and I think it will.  There's such little supply that it wouldn't take much to cause it to spike to $1,000.  Definitely less effort than it took to make it go to $266 in under 60 days.
13469  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 13, 2013, 12:32:45 AM

I completely agree. As one of the writers, I am against the dumping mentality. It's only going to hurt things. If everyone is dumping, that's a sign that nobody wants the currency. If nobody wants it, there's no value. If there's no value... it's worthless.

We have to get demand up while decreasing the supply (less selling!).

You are looking at it all wrong. Dumping is a sign of nothing but greed.
There are people buying those dumped coins at a great value.

And we actually need more selling, not less selling. But the selling needs to be set at 1 penny.

But right now supply is overwhelming the demand, so the demand is lowering. This is the big thing we need to fight right now.

If we had some real use (most coins are running their own stores now) for the coins, that would give something to use them for. As it is, they're basically just there.

I love the principles behind DVC. I'll continue standing behind it. But the marketing of it (in regards to giving each coin a true value) is really lacking right now.

All you can do to fight is buy the cheap coins, and post them for sale for 1 penny.
Or make videos.
Or share on facebook.
Or share on twitter.
Or tell your friends.

Wow that wall at 1 penny is going to be huge lol I was thinkin $10 like the devgirl Smiley

$10 is like a year or so away.

In 12 months a $10 DVC price would value devcoin at roughly $60 Billion.  Bitcoin is currently valued at just over $1 billion.

13470  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 11:20:36 PM
Block 93,300 just ticked over.

Can we get a final payout/contribution sheet?

I'm curious how many total shares we have now that round 24 is over.  TIA.
13471  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 10:39:51 PM
Question for the senior board members.

Who came up with devcoin's motto:  From many - the Source.  From the Source - The One.

That's so unbelievably brilliant. I'm rarely impressed by logos or mottos but this one is so perfect and has so much deep meaning.  I simply can't think of anything that would make it better.

That said, the logo collection I've seen so far is lacking. Not even close to matching the motto's uniqueness. Can we get the same mind who thought of the motto to think of a coin design?

Feathercoin's simple "IC chip" coin design beats all of ours (and it has a lame feather on it for crying outloud) and I don't see why Devcoin can't have the best looking coin.

And no, finshaggy, no devil coin design (lol).  But it's funny cause the first time I saw the name devcoin I too thought of the same thing. I wonder how many people see DEVcoin and think: devil.  Lol, seriously.  That much more reason we need a beautiful coin design.

that's not going to help because when you launch the client a bitcoin logo pops up only there to trick noobs also if the code was mailed to someone to scam them!jmho

You must have the old client. I downloaded the new one a couple weeks ago and it has Marti's green Atari looking green Devcoin (D) logo.  It's a much better client with the option to encrypt your wallet so you should get it.  It's in devtome's site, there's numerous links on this thread for it, including one from fuzzybear.

Edit:  Also, I have earned devcoins for 2 months now and I had a lot of relatives say I'm getting scammed and I'll never get paid.  Well, I started getting paid for round 23 last week and I get about 350,000 coins per day, every single day.  Devtome and Devcoin are not a scam - if you work you will get paid.  The value may fluctuate greatly but that's a different story, it's the volatile market in general and for the most part it's out of the control of devcoin's management.
13472  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 10:19:42 PM
Question for the senior board members.

Who came up with devcoin's motto:  From many - the Source.  From the Source - The One.

That's so unbelievably brilliant. I'm rarely impressed by logos or mottos but this one is so perfect and has so much deep meaning.  I simply can't think of anything that would make it better.

That said, the logo collection I've seen so far is lacking. Not even close to matching the motto's uniqueness. Can we get the same mind who thought of the motto to think of a coin design?

Feathercoin's simple "IC chip" coin design beats all of ours (and it has a lame feather on it for crying outloud) and I don't see why Devcoin can't have the best looking coin.

And no, finshaggy, no devil coin design (lol).  But it's funny cause the first time I saw the name devcoin I too thought of the same thing. I wonder how many people see DEVcoin and think: devil.  Lol, seriously.  That much more reason we need a beautiful coin design.
13473  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 10:11:01 PM
DVC has becoming less and less valuable, is nobody buying this coin anymore?

I'm still accumulating it but I'm gonna wait a couple weeks for it to bottom. So far I bought at .00041 and at $.00021.

Now is actually prime time to buy, since people are getting paid the price is just dropping and dropping.

It's funny that it is just limited number of people who are writing that actually are doing the dumping, yet those are the same ones who believe in the project enough to write.. they certainly love that price is above 0 so they can recieve something for their writing however we need to show them that there is a reason to HOLD instead of dumping and they will get far more $$ in the future than what you would get today. In that way DVC is more of an investment tool aswell as a means to get paid for work. When this happens you shoudl see price will only go up, as there are more and more people willing to chip in minor amounts to buy... it adds up over time.

The miners who do shared mining and dump as soon as they get any DVC are another story, I'm not sure how to give them incentive to hold the dvc, but I suspect that unless your using an ASIC right now you won't be moving the market much with your mined DVC so they are really a small part of the problem.

I totally agree which is why I plan to NOT sell a single coin, I'd rather watch it go to zero.

That said, some people, especially unemployed or third world, wrote to put food on the table.  Then you have struggling programmers who do this for a living.  I think most of the dumping cones from that demographics and of course enormous Bitcoin (ie bitminter) pools which get tons of free devcoins from massive hash-rates and instead of distributing them they dump them cause its free money.

Most don't have any vision, they don't believe in DEVcoin or alt coins they just want the quick cash.
13474  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 10:05:58 PM
DVC has becoming less and less valuable, is nobody buying this coin anymore?

I'm still accumulating it but I'm gonna wait a couple weeks for it to bottom. So far I bought at .00041 and at $.00021.

Now is actually prime time to buy, since people are getting paid the price is just dropping and dropping.

That's what I thought fin, when I last bought at $.00021 and now it's quote a bit lower and making new lows nearly everyday.

BTW, MarkM, I always buy in USD, since I don't own any BTC yet.  Hope that changes when my butterfly rigs get here supposedly by end of July.

At any rate, it's not just DEVcoin, all the alt coins are going down for some reason. Also, the pay cycle is on a daily basis so the dumping won't stop in a week or a month, people don't get paid all in one day, it's a few hundred K coins per person so there's a consistent downward pressure on DVC.

There's also huge pressure from massive pools who don't distribute the devcoins, it's free coins to them so I think they dump it most if not all of it and as the hash rate screams upwards for Bitcoin more people will own devcoins, more pools and probably more dumping.

In the long run I feel it's fairly safe, although speculative, to buy devcoins.  I'm buying and holding for 12-24 months.  I think we'll see major media attention over the coming months and especially next year.  The US, UE and China badly want one currency and a digital currency would give them unlimited power.

And BTW, from a political and socio-economic point of view, DEVcoin is the perfect coin.  A coin by the people for the people with unlimited printing.  It's any governments' wet dream.
13475  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 05:55:40 PM
DVC has becoming less and less valuable, is nobody buying this coin anymore?

I'm still accumulating it but I'm gonna wait a couple weeks for it to bottom. So far I bought at .00041 and at $.00021.
13476  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 04:28:52 PM
One of the writers on devtome, Wiser, posted this article outlining their experience and ideas for the project. I think it's definitely worth a read and some thinking through:  http://www.devtome.com/doku.php?id=on_writing_and_market_forces

I just realized I need to add a section about number of words rewarded per month.  I will post it once I do.

Also, I know I am missing details about how shares are divided up.  If anyone has an article which clarifies that and is more accurate, please pm me and I will link to it  Smiley

I think I have a solution to determine a pay structure. We should go with a meritocracy based around a badge system. These badges would act as rank and determine how much each writer gets paid.

This way you would have granularity, merit, reward for quality, and reward for work. This badge system could also apply to programmers, musicians, or anything else. In order to get a basic level badge an individual would have to pass an exam. This exam should cost some coins and this would prevent spammers. The exam process would make it easier for Fuzzybear or whomever to review works. Perhaps eventually let random community members or even pay individuals to review them. The initial badge would declare that the individual meets the minimum qualification to be recognized as a writer, a programmer, or whatever.

Then over time reward with different higher level badges. These different badges will act as rank and as long as the writer continues to write their pay grade will be a bit higher based on the quality of their previous work as recognized by their badge. There should be different sorts of badges passed around throughout the community which recognize different kinds of competency.

Integrity for example is very valuable no matter if you're a writer, programmer or anything else and a lot of us would rather see the rewards go to community members with proven integrity. This would act similar to ebay or amazon where people maintain a good reputation and can get business but scammers and cheats don't. The better the reputation and integrity of the artist, developer, etc, the greater the portion of shares they should get.

This would allow for the community to reward qualities not just of the work itself, but of the author or developer themselves and factor that into how much they get paid. For instance if Fin Shaggy is known to be a man of honor and integrity then he eventually will receive a badge and that badge will allow him to be recognized for that in pay rank. If Fin Shaggy is also known to be very competent at writing then he could get a badge for that and be recognized for that and get the $50 per share rate but the next person who does not have that badge or who isn't known as being a very competent writer, they'll have to focus more on earning the badge than on just pumping out low quality content. This will force them to actually care about the quality of their work for the badge.

The badge should be difficult to revoke if it's an integrity badge. If it's a competency badge then it should be permanent for writers because if a writer proves they can produce a good piece of art work or software that should be enough. The next step would be to create ranks which are even higher than badges which I'll call medals. Give the medals out to the truly exceptional people.

This way established writers with good reputations for producing quality work will have badges, medals, and other qualifications and these should determine the worth of their shares. This way it's not marketing, it's not word count, it's not equally distributed like communism,  it's merit and competency and these badges could stay with the developer no matter what coin they use in the future. If Ethicoin, Devcoin, Bitcoin, Litecoin or Futurecoin becomes popular these badges will still have established the merit and rank and would persist throughout all of that.

This way I'll immediately know which among you are talented at whatever, which among you are knowledgeable or skilled, and which among you are honorable.

I think that's a really good idea.  It may take a few months but it sounds like a fair way of doing things.
13477  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 04:24:32 PM
DVC has becoming less and less valuable, is nobody buying this coin anymore?

Too much merged mining - my guess the pools and miners just dump it for whatever they can get.  There's also thousands of people (developers, writers, etc) who earn these coins and need the money so they're dumping as well.  I haven't sold any of my devcoins and I'm now down about 70%.  Ouch!
13478  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 03:42:00 PM
If you want Devcoins, I suggest selling things on Ebay and Craigslist, and linking people to it on Bitcoin talk and giving a DVC price.

It's the best way to earn Devcoins, and support the DVC economy ALL AT ONCE. While the person who uses the coins to buy something just found a new purpose for devcoin, and might try it themselves.


That's actually a pretty good idea.
13479  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 03:35:39 PM
Notabot, I can't find your post, it disappeared.

At any rate, good catch.  On one hand maybe its the same guy as 8 minutes apart is a bit fishy, especially for 3 names with similar opinions.

On the other hand, a lot of new people have joined lately, me included so maybe that's a coincidence.

Thing about luckybit, he's not flaming like this new owsley guy.  His arguments are well thought out and they make a lot of sense.  What he says may end up coming true - it's definitely at least a possibility.

I too think there has to be some change as the current model cannot thrive in its current form - its simply not sustainable as too many people are signing up too fast while the value is going the wrong way, so one would expect talent to really go south.

It's only a theory but it makes sense as this is what one would expect in real life.  I don't know the solution but I do agree we should have a healthy debate about it and perhaps we'll find a solution.  

Because for sure many more coins are coming and devcoin only has a limited window of opportunity to grow and get its name out before a landslide of alt coins come over us all and bury devcoin in an avalanche of obscurity and mediocrity.

Regards,

Vlad


Someone is trolling. Look at my profile. I did not register in June.

He corrected himself.  And I was actually standing up for you as not possibly being one of them as your arguments are too well thought out.  Thanks for posting.

Also, you said cookies are better than IP addresses.  Well, what if cookies are disabled or if cookies are erased or cleared?  TIA
13480  Alternate cryptocurrencies / Altcoin Discussion / Re: Devcoin on: June 12, 2013, 05:41:19 AM
Please ignore my post. I was looking at everyones profile starting with Owlsley and with all the crap going on got myself mixed up.

I can admit I made an error and do not mean to throw any ones character in a bad light. My apologies to any one I mentioned, apart from Owlsleytroll.



Lol.  Ditto.

I'm curious, we have lots of programmers and at least a hacker or two here.  I thought it was pretty easy to look someone's IP address up to see if there's multiple aliases coming from the same location.  That would be a dead giveaway.
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