to:  finshaggy et al,



What did you mean by:  "you can also drive traffic to your stuff (your writings) so you can earn that way."


I've seen this mentioned on devtome but I don't get it.  How do you drive traffic to the papers you write, I thought traffic was automated via search engines and such.

So then

a) do you mean there's a way, a quantifiable way to drive additional traffic to your papers in order to get more views?

and

b) How is this traffic tracked and how and what do you earn?


For example, I wrote 3 papers in the 3 days I had last round and according to the payout matrix I''m going to get coins as promised by devtome for the words I wrote but I didn't see anything for the additional traffic or additional earnings you're referring to.

So can you or anybody else clarify?  How do you get additional traffic.  I mean I can post the links on facebook and such but how does devcoin know for example that 20 pageviews were from links I laid out or people I told to go see my papers and 10 of the total 30 pageviews were there just from the natural occurance of web traffic.

So how does devtome know and how is this traffic quantified.  I wanted to try and publish my first article on seeking alpha and I wrote it especially slanted, spun and directed toward stocks, the stock market and speculation investing so it would be a natural for the stuff they publish but I haven't yet submitted it.  

And I'm curious, if that article gets publiishedon seeking alpha and it gets pushed out to roughly 25,000 active emails which is pretty standard for such articles then what would I be looking at as far as the additional earnings you're talking about.  With words it's simple, you write 1,000 quality words and you get 1 share but with this traffic stuff and marketing thing it's so confusing that I just haven't even tried it but thinking about it, in theory the marketing part is what really works for any company especially with an unkown company like this in an unknown nascent industry and market in its infancy awareness will jump logarithmically the first couple of years and that part is just now started so that's the good news.  the bad news of course is that mining, which was the easiest near risk free way to get coins is all but impossible to do.

I still look for new better ways to mine but I've pretty much given up, as I was wasting more money on electricity than the coins I was getting.  maybe if I ever get butterfly labs' rig, which I already paid for, maybe then it will be worth mining but I'm not banking on it.  Thanks for all the info and thanks for the inspiration.  I truly feel we, the little guy, have done what happens only once per generation, but we temporarily beat the big guy the big banks with all the insider info and all the money to the punch, we got into these investments before they ever saw them on their radar but make no mistake, once this market is validated which will take 6-12 more months and 1 to 2 more bicoin type explosions the banks will move in as they have already started by investing big money in the tiny exchange coinbase and who knows what else is going on behind the screen.  

It wouldn't surprise me to see news tomorrow about some wallstreet investor or hedge fund paying big money to outright just buy a seemingly dead coin like IXcoin in order to save time and buy instant namebrand recognition, and it's something like that which would really validate this market and really push all coins higher.  We're literally that close, just one catalyst, one big unexpected headline from going from ZERO to HERO and hopefully this catalyst will come sooner than even a bull optimist like me expects but first, first just give me 1, maybe 2 months to earn and buy more coins cause right now I have very little as I only found out about all of this roughly 30 days ago.

good luck to you, good luck to everyone!

regards,

Vlad

[/quote]

You have more than 2 months to earn. I just discovered Devtome this last round as well, but I had like 2 weeks.
It does take a long time to write, but you can also drive traffic to your stuff to earn. And the coins WILL be going up in value. Each share was like $25-75 this round, and that is already more than anyone should be getting paid to write 1,000 words.

Writing may seem hard, but if you go to jail or some other lock down facility to a long time, it makes writing easier and it makes you use your words to say more important things. So... Maybe, try to find your jail. What makes you feel like you have no voice. Go there, and inspiration should come.

Buying coins isn't a bad idea, but if you have mining equipment that would probably be the best way to go. And just writing an trading. If you earn say 5 million coins and sell 3 million regular price, then buy 1 million at top dollar, you stimulate the DVC economy, thus raising the value of the 2,000,000 coins you already have left over.

All your projections about people selling at 300-400% will probably be how it does play out. And I bet it is the easiest time ever to become a millionaire, but problem is, do you cash out or does that get taxed

I am not exactly sure what a stock dividend is. But yes, it should work to make money for anyone 'invested" in it (anyone with coins). And you will always have to sell your coins to make oney. The only risk is that DVC may not reach the developmental goals of the bounties, and will lose value. But as long as we work to get more and more attention to devcoin and its projects, everything should be fine.
[/quote]

I think you just really inspired me ( I think we think alike), I'm gonna try to at least start a new paper, which is often the hardest part.  It's nearly 12 noon and I haven't slept a wink, I was up all night writing cause I was too busy on this thread until 3am.  It's easy to get caught up on here and lose a few hours.  It's not a loss but when You only have nights to write cause your kids distract you too much and other things as well then those 3 hours posting here were a loss of productivity to me but at the same time it was nice to learn new stuff as this is pretty much the only place to get good info on this new market. 

I hear you about the prison Idea.....I've actually used that exact thing when I actually had a job (and at pretty much every job) when I was working more hours than anyone, often 70 and 80 hour weeks and after I got married and had little kids at home I missed so much it was so hard, so I remember thinking, hey if I were in prison now I'd never see my wife and kids, and I'd have to work all day long for like 12 cents per hour and all of a sudden man the situation looks like such a sweet deal. 

So yeah, I'm like you in that regard, I find ways to motivate me to make myself do difficult and extreme things where 99% of the population at that point would just drop out and give up and have a great reason to do it.  I think I recognize your name, you're the guy who pulled down 64K words last round.....and in just 2 weeks.  Well I did 22K in 3 days so I guess you and I are gonna be the best of friends (since we're on the same team). 

What motivates me the most is the fact that even though I went back to school and got a second degree I still can't find a job and that infuriates me and at the same time scares me and all of a sudden I find this new thing that I truly believe is the next great thing but I got there a few months too late and as hard as I tried I couldn't mine any coins and I tried to buy some but most had gone up in price and some by a lot so it felt risky to buy something with no intrinsic value which had already gone up so much so I was left hopeless but I kept trying, I was spending entire nights reading up on every coin I could find and then, about 10 days ago, I ran into devtome and when I saw:  "write for coins" I just couldn't believe it. 

to me it was that unreal, like something too good to be true, and given the point in the game we're in where you basically have to buy the coins now or expensive equipment which barely yields any coins, to find a way to earn coins and not just a few but a lot of them, well, I knew right away it could not last.  you're right, we'll be able to earn coins for more than 2 months, but my feelihngs are often right when I feel this strongly about something and so I think I'm also right and in 30-60 days the earning share will have way less coins, the value may go up but to me it's the coins, the number of coins that matters because we're in the accumulation part of the game and so the dollar value means nothing to me so in a couple months if i'm right we may be getting literally just one-tenth the coins per share we're getting now.  And to me, to all of a sudden in just 2 months earn 10 times fewer actual coins for the same work, well that's an opportunity gone which will never come back, regardless if the value of that smaller share is perhaps even larger than today's huge coin share. 

So the biggest motivator for me and which keeps me going every night is the true belief this truly is a once in a lifetime opportunity and it won't last, not like this, much longer and so then I'd be a fool to not stay up entire nights writing all I can so if my fear proves correct then I won't have regrets, I'll know in my heart I did all I could and that's peace of mind you can't buy.

Off the top of my head I predicted 5 billion and it looks about right.

compared to the trillions and trillions of dollars it's not much and if devcoin's business plan starts to work they can buy coins off the exchanges and retire them like shares in a company.  and given there's such few coins, about 6 with a decent reputatioin, once awareness spikes 5 billion, given the poor liquidity at all the exchanges, will spike the price very much and very fast.  most holders of these coins have them on their hard drives not sitting at an exchange so it will take a few weeks for the supply to get where it should be and by then I predict an incredible surge in the price should the demand and awareness spike the way I think it will.  for once market inefficiencies will be a good thing for the regular guy cause in the stock market the banks always know what's gonna happen way before you and me and that's why it's nearly impossible to make good money in stocks.  With the banks out of this for now it feels infinitively easier to make money......well, not just yet but it's only been 30 days for me.  lol

bummer.  I wish I had found devtome just one month sooner.  maybe this is why I've had this inate feeling that I only have 1 maybe 2 months to really earn coins on devtome.  Well, I only had 3 days for round 23 and I did the most I could staying up all night each night writing and now for round 24, presuming the popularity will only increase and each share will be worth much less and the following round even more so I'm now writing 12 hours per night, and it's harder than I thought as some night I spend hours spacing out trying to get a single sentence to flow while other nights pages flow out in a single hour. 

I wrote like a 25 page paper on my life story as a child in the eastern block (double spaced 25 pages) and I thought, boy, if I can write a full blown 30 page research paper in 12 hours I can probably blow through this thing 25 pages and all in 2 hours and I was schocked it took me 8 hours.  I mean you're just telling a story about yourself but there's tiny details that you stop and think about and if a paragraph doesn't sound right you rewrite it and so on - before you know it the entire night is gone.

So even though I wrote tons of papers in college it was usually one or two per term so I never fully realized how hard it is to really be a "writer" to write every day, even when you don't feel like it but I have such a burning sense of urgency and I think it's a real feeling that this, something this good, will simply not last and it's already starting to look like my feelings were right.

In that case I should try to put more money in buying these coins, especially at .00022.  that's a joke and these exchanges are so inefficient and even a well diluted coin like devcoin has no liquidity that there will be times when a coin's selling price will be off by entire factors which is when you buy buy buy.  lol, inefficiencies like this don't exist in the stock market.

for the next 1 year, maybe 2 max, until the banks and smart money take over and demand levels off, I predict that a normal person who works hard to mine or earn coins or takes some risk and buys some coins and has the patience to wait to sell them when the awareness and demand spikes and doesn't sell for a "quick double" which is nothing in this new market especially at this stage then I predict it will be easier than at any other time in history to become a millionaire. 

this is all just instinct based off 20 years of active stock market participation (on a personal level not professional) and coupled with the education I have which is also oriented toward the same thing (BS in econ and BS in finance).

Even if I'm right by just a fraction, making a few hundred K will prove to be an easy thing.  It's important to not go for the head fake, the first wave of awareness, excitement as that will just be the beginning and many inexperienced or risk averse people and I predict a large portion of all coin holders will sell most if not all their coins once they see a multiple gain of 300 or 400% and what they consider "real" money in their everyday lives which could be as little as $10K which is not real money by any stretech of the imagination and I'm unemployed right now and don't have $10K in savings cause I had to spend it all on living expense s all this time while I haven't found work and went back to school.

so getting the coins is only half the battle, knwing when to sell is the other half. good luck.

oh quick question.  sseems you know a lot about devcoin's future:  will there be profit shareing like dividend in stocks?  if so how will that work and when will that start to yield some sort of dividend.  This is an entirely new business model, and if it works it will change so much....a currency that works for you instead of it sitting and losing value or sitting in a bank vault or making the banksters rich.  absolutey brilliant and new idea.  and I predict it will work cause the engine is the masses and because the shareholders and benefactors are also the masses it should catch fire like nothing else out there once people get it.  It's a true coin by the people for the people.  it's so good it's scary like where's the hidden dangers?  Like communism only this looks like it actually works.lol

ok.  I saw that but I figure 100 DVC is like 1 cent so compared to the $50 banksters charge I was shocked in a good way.  don't worry, banksters will hijack this entire market once it's obvious it's here to stay.

So what's your first and second pick for the next bitcoin explosive coin?  And why if you have any real reason although instinct is good enough.  We should start a thread to see what people's instinct says about what the next big coin will be but try to not let confirmation bias cloud your feelings and contaminate your instinct.

What's you guess?  Just instinctive feeling?  Sometimes that instinct knows more than a PhD.  Thanks for sharing. 

In my opinion I feel very strongly about Namecoin and Devcoin but I honestly don't know why and I felt like this the first 5 minutes after I read up on bitcoin and my feeling hasn't changed although I feel stronger about devcoin now than I did even at first.

which coin is your first pick and do you know why?  what about 2nd pick?  TIA

I just tried to transfer 100 devcoins from vircures to the ripple address (starting with r) and it said invalid devcoin address so I don't know how you were able to transfer to ripple.

I tried to transfer from my home computer but the client I have installed which I installed from devtome just 10 days ago doesn't even have an option to send coins.  so how exactly do I sell the coins from this computer using this wallet in the future?  Am I just too tired cause I looked twice and there's only receive and sent, as in past tense.  there's no option or tab for send.  and I checked the 2 dropdown menus and there's no send option.  I would really like to put some of my coins in ripple kind of as a spread risk safe keeping thing.

what?

I just saw your post where you transferred 10K DVC into ripple.  that's awesome, I'm gonna try to transfer like 50 coins from my home computer to see if it works.  it would be great to have such better sites with secure wallets to help spread the risk.  I hate having most of my coins in one exchange or even at home.  I'd rather have them with 5 different exchanges and the rest on a cold drive.

I still don't get what you're saying about bitstamp.net.  are you talking about people buying bitstamps and then using that to buy devcoins?  I had to buy voucherX(USD) to be able to buy devcoins.  it sucks, cauee it's $60 just in wiring fees.  That's a rippoff when sites like coinbase hook up your checking account instantly.   man I can't wait for them to start trading devcoins and the rest.

and who's emfox, how did you get 10,000 dvc from them?  I opened a ripple account 15 minutes ago but for some weird reason it still say offline in black in the upper right hand side.

but i'm online so I don't know what's up.  I'm typing on a laptop and the ripple account is opened on an ipad so maybe that's the issue.  but compared to vircurex these new exchange sites popping up, first coinbase and now ripple are simply light years ahead.  I feel bad cause vircurex was there first but it looks like the guys with millions want their own sandbox(es).  and this is only the beginning.

You know what they say - follow the smart money.  well, for once I've made the right moves before the smart money and boy does it feel good.  these guys with billions didn't see it coming and only now and only a few are strting to get the picture and theyre putting millions to work.  and soon, I hope, they'll put those millions into things like 1 super secure wallet app and super secure exchange site with every coin out there for sale or trade and an easy to use mining program for free or for a small fee.  the market is there so hopefully these guys will move swiftly.

that's confusing me a bit.  are you saying it's cheaper to buy devcoins in dollars versus say BTC?  riskless arbitrage would fix that problem in a matter of minutes if that was the case but then again who's looking for arbitrage opportunities on these illiquid sites so early on. 

I don't have any BTC so I simply buy any of the coins I want the old fashioned way like my grandparents used to do, using dollars.  oh no, it has already started.

that's awesome.  I just now opened a ripple account.  how did you get the xrp coins?  what's their value, cause I've never heard of them. TIA

someone else mentioned something about a ripple wallet for devcoins.

I just opened a ripple account (looks like another smooth coinbase like beta future exchange site, the smart money is seeing something here) and they also gave me 1 wallet number which starts with r which I'm guessing is for ripple.

what I wanna know is can I use (finally) this 1 wallet number for all my various coins?  can I use it to receive coins?  I guess I can send myself some devcoins to see if it works. 

MarkM,

login to vircurex and go to the box on the right for devcoin and then click on the dvc/USD and then scroll all the way to the bottom and you'll see all the recent bids, asks and also a lot of the recent sales and at what price they sold and what volume.  Looks like someone got lucky and bought even cheaper than me, 499,000 coins at .00020.   the guy bidding .0000400 is still there but now there's a big ahead of him for .00020 but it's for a small amount like 20,000 coins.

I'm really surprised to see the biggest, busiest coin exchange and with such a liquid coin like devcoin to see such low volumes in both the bid and asks and total sales.

not many people actually buy these coins.  I'm used to watching stocks and even a penny stock sees massive volume everyday and the more shares they have out the bigger the volumes, usually.  with devcoin, cause it's so cheap right now and cause they have so many coins out, i'm guessing 4 to 5 billion, I would expect to see at least 20 million coins trading hands on a daily basis.  on a dollar value that's nothing, any guy with a minimum wage job can mess with the prices by playing with the bid or walking the price up using incremental bids like market makers do with stocks to drop the price and take out the shares sitting below key price targets with stop loss orders. 

man, If I had a few K to mess with and of course sitting on a bunch of devcoins I'd try to manipulate the price to see how high I can take it cause the liquidity looks so fragile that I think any sudden spike in demand, even just something like $50,000 would cause a huge jump in the price because there's no market makers on these exchanges holding a constant supply and there's just not enough supply at any given point in time from the looks of it.

Man, if wallsreet ever gets involved or a stock trader with some cash you're gonna see fire works.  I think it's only a matter of time.  Oh please, just give me enough time to earn one, maybe two more rounds of shares and to buy at least 10 more million on the open market given the price is so cheap.  When you're holding that many shares or coins of something the price just has to hiccup and you're rich.  well, just the poor mechanics of a nascent unprepared market and exchange will play a key role in taking digital coin prices much higher when demand picks up.  No wonder bitcoin went to $266 so fast and no wonder namecoin went up 1,000 fold in like 30 or 40 days, beating any record by even the most pumped up bubble stock ever....only the tulip bubble maybe beat namecoin and this is with a joke of awareness so far.  wait for the real deal to happen soon. 

I can't wait - just from a historic standpoint, it's gonna be ridiculous and amazing to watch.  I hope it happens before bankers get in on it (ie VC's and coinbase) cause they'll add market makers and a supply storage to handle any sudden spikes in demand or maybe even add circuit breakers like halting trading.   We don't want that modern stuff, we want 1929 in reverse, we want dope and dopey trying to match bid and ask orders when all hell is breaking loose and supply can't be found anywhere so people will then get desperate thinking there's no more coins and they've missed the boat and greed will kick in and the asks will fly like crazy.  lol....what a wonder to watch if that should ever unravel in such a way.

ripple wallet?  can you store multiple types of coins in that?  why is that better than the devcoin wallet on devtome or vircurex.  well, besides the fact vircurex has been hacked twice in 2 months.  I'm hoping sooon sooooooon there's gonna be an easy wallet that will hold everything.  I think these NFC phones have that ability and the new iphone should almost certainly have Authentic's biometric logon credentials and almost certainly also have NFC and with those things it would be pretty easy for a bright programmer to write a simply or not so simply app that allows you to store your banking info, and all your various coins and with some encryption like what coinbase uses and with biometrics it would be easier to rob your house in broad daylight than steal your coins.

Please tell me more about this ripple wallet and why it's better and as soon as anyone hears of any type of good universal wallet please scream it out.  thanks

MarkM, I use vircurex and all day long and even yesterday the big on dvc was .0000400.  Maybe you're looking at the ask.  or maybe you're looking at euros. 

How low has devcoin been in the last 6 months?  Has anybody else been here that long to remember?  I'm just curious to get an idea of how low It can go....well, besides zero, I suppose anything can go to zero. I read it was around $10 per coin when it first came out.  wow.  but I'm sure at that time (devcoin is what, 2 years old?) there were many less coins, but still, $10 per coin back then for a virtual coin, if true, is incredible.

I just checked and one of my orders went through.  I was able to add to my devcoin position which I bought about 10 days ago at .00041.  I thought I got an unreal deal back then but I just added just over 1 million more devcoin coins for nearly half that, .00022.  And that's high, the next guy is bidding a ridiculous 10 times less at .00004000.  There's no way it will go that low, at least I hope not.  So it looks like I'll be earning way less than I expected for writing for round 24 for but for me the dollar value doesn't matter, just the number of coins, as I don't plan to sell until my theory is proved one way or another which could take up to 1 year although I think we'll see something serious enough to at least confirm it in the next 60 days 

So maybe this is a blessing in disquise, since most writers etc probably earn coins to immediately sell them then maybe there will be less people competing for round 24.


can anybody who's been here longer then a few week tell me if devcoin tends to drop this time of month when people get millions of coins from the previous round, dump them, taking the price lower temporarily, and then the price goes back up in the next week or two cause the price has dropped nearly 50% in less than 10 days since I first bought coins which is a bit odd given there's been nothing but positive developments so my guess is that we're seeing downward pressure from individuals and developers who depend on the income from these coins so they have no choice but to sell at any market price they can get.  maybe that's why some guys is sitting at a ridiculously low price, hoping he can poach nearly free shares from desperate sellers.   I bid .00022 earlier today figuring I'd have to get the shares when sellers looked at my bid compared to the next best one which was highway robbery.  .0000400, that's the shameless bid of the week.

 lol, I'd almost feel bad if I got coins at that price considering lots of people get these coins as a benefit to society.  I really do hope I'm right and devcoin will be the next big winner if not one of them, I can't think of another coin which would directly and indirectly reward and help so many individuals.....and of course, the video game players who borrowed billions of coins.  lol, what would happen to those guys if they have say 5 million devcoins in their video game world?  That's a new one for the civil courts.

I'm starting to think I'm not gonna get much done in way of real work tonight.  And the weekend is here so there goes 2 more days.  Good think block 95000 is probably 3 weeks away.

If devcoin goes any lower than .00022 I'm gonna start selling things in my house to buy more coins.  Ha!  Things I don't need of course.....like my hair....summer is here and it's too hot anyway.  lol

Man, I said I was gonna stop posting but then I saw your post.

what meetings?  regarding digital currencies?  devcoins?  Sounds interesting.  What's the goal or scope of these meetings?  Are you finding that in Europe the masses are just as clueless so far as far as awareness goes as in the US?  I think it's gonna first blow up here and then spread to Europe so I expect Europeans to actually know less than americans right now.  But I'd be curious to find out what percentage of them really know and not just read or heard something and what they're planning to do or what they're doing in response as a reaction to bitcoin and what will soon be a super bitcoin 2.0.

My guess or estimate is that less than 1% of Americans know about digital currency to the point of answering questions.  So not just, oh yeah, I read or heard something about a coin or bitcoin.  that's not awareness.  Awareness is knowing something material about the subject and as far as that goes I think it's way down, maybe even one-tenth of 1%.  imagine a 100 fold jump in awareness in a country like America where americans from middle class and up are very stock market savvy and most easily have a couple grand for a speculative investment.  if I'm right then a 100 fold jump in awareness only puts us at 10% and that's where I think the inflection point is where these coins go from a fad to a must have and the next great market I can't believe it was there all along and I missed it.  lol....

Ok, I really gotta turn in a decent sized paper tonight and it's already almost 3am.  Man.....these threads are a time killer and I'm only level Jr.  You probably need like 50 hours for the next level.  that or 5 bitcoins and I don't even have 5 litecoins.  I mined for nearly 2 days straight with a dual 7850 GPU $1700 rig and all I got was 1/2 of a litecoin.  lol.

no way man, devcoin and their way of letting everyone earn something is the way to go.  I wouldn't be surprised if my conspiracy theory was correct if they hand picked devcoin as their currency for the masses.  It simply has all the attributes which attract the masses, at least at first, and the fact there's already a few billion coins is actually a good thing.  I mean, why start a new coin when you can just hijack an existing one with all the goods built in including the large user base and the good reputation. 

Ok, I'm done chatting, I have to get some work done.  Although it's way more fun to talk about interesting things I've gotta earn some coins since there's only so many I can buy given my very limited unemployed budget.   And although devcoin is my number one pick to be the next big one or one of the very big ones, I have to cover my basis and so some of my budget goes toward buying a few other currencies like IXcoin.  I have to stop checking this thread cause every time I do there's something else I have to ask or say.  So good night to everyone and I'll check your responses to my questions tomorrow when I wake up.

Good luck to everyone!

regards,

Vlad

Oh, it's a fact the IRS is used as a political tool.  Most if not all conservative talk show hosts get audited by the IRS to the point of harassment.

But let's be real.  The IRS is gonna find you cause you gotta pay taxes, and they have your names and any bank with even a small budget will find you so you're only hiding from the masses not the big guys like banks and the govt.

but if this digital coup was a govt plan then it makes sense to be anonymous which would then be very easy to predict what will happen next.  This is partly why I think my predictions will come true with good accuracy cause the banks and the govt want digital money to come true but it will never happen unless you, me and everyone on earth first embrace the idea. 

Imagine these guys sitting around a table and asking each other:  How in the world are we gonna get the masses to accept a virtual currency, something invisible for real hard cash in their hands?  How are we gonna get the masses to give up on the freedom that comes with hard money as opposed to a digital one?  The obvious answer that pops to my mind is:  Well, we'll give it away.  In the end it won't matter as we'll adjust the real value and so what if a few hundred or a few thousand new millionaires are made in the beginning?  We'll give it away, make it so anyone can get it for free and create such a mass frenzy that people will go crazy for virtual money so much so that they'll see paper money as worthless, which is actually is.

and if I'm right they're gonna create a massive media blitz to pump these currencies to the sky and get everyone to want it and love it.

the banks have invested billions in partnerships with each other and with tech giants like google, apple and Microsoft to get NFC to be mass accepted.  At one point they were giving the terminals for free to retail stores to get the network ready and most smartphones now are NFC ready and apple will put the final nail in the coffin with the next ipohne which will also have biometric fingerprint scanner so people will feel safe putting their money.

So yes, visa, mastercard, CITI and all the banks formed various partnerships because they all want a piece of the easy money that comes from everytime you swipe your NFC phone but lets face it, digital currency is the best way to go for all of them for many reasons, some of which I outlined in one of my papers.

For banks it's a dream cause you'll never hide your money from them again and as well as the govt.  No more tax evasion or overseas accounts.  they can take their money out with their keyboard from anywhere.  You'll never pay anyone ever again without paying taxes so the $2 trillion dollar black markets are gone overnight.

the benefits to banks and govt are endless and retailers also have a lot to gain.  and in some ways it's good for society but it will cost us a lot in privacy loss and freedom loss as the system can be abused by any oppressive govt.  and once everyone accepts digital cash on their phones the next step is something more permanenet and impossible to lose, you can't lose your head.  Microchips from companies like digital angel have been ready for years to store all your medical and financial data.  It even warns you that you may be getting sick if your temperature spikes.

Like it or not that's where it's all going and if i'm right bitcoin was just the dry run by the govt to see what it takes and how people react and now they're getting ready for the next one which will be much bigger.  and this is the one that I think will bring in the masses as awareness will spike like crazy and everyone will want to get rich overnight but there's only gonna be a few currencies to buy so they'll all rush to get their share. 

And if I'm right this will all start happeing, in a big way in the next 6-12 months cause it's gonna become painfully apparent the dollar (and euro) is in serious trouble no more than 2 years from now.  So if you can get the masses to love these new digital currencies in the next 1-2 years then it will be easy to get them to switch to a new currency.  Not because the dollar is worthless, no, because it's easier and safer to have a digital currency.

you think that's crazy?  Think how many people, who know about bitcions today would refuse to turn in their entire dollar bank account for a 1 to 1 swap?  or even a 1/10th to 1 dollar swap.  The govt doesn't care cause it's not real.  Just like it looked like a great deal when they gave people paper money in 1933 in exchange for their all their gold as a new law was passed making owning gold illegal so now they'll make it look like a sweet deal to get some new popular digital money for you dollar cause they know once you accept it there's no going back and unlike the dollar where they have to print it and transport it, with digital money they'll dilute your new money into nothing in 5 seconds with one push of a button.

So these anynymous billionaires aren't hiding from the banks or the govt, they are the govt and phase 2 is coming soon.  If you expect it then you can profit greatly from it, don't ell your currencies at the beginning of the craze even though it's gonna look like a great deal - for the masses to accept toy video game money for their real money the govt along with the banks and the media will have to create a foaming at the mouth craze for digital coins.  I'm so certain about this I just can't prove it but I'm putting my money where my money is.  This is part of the hope and change americans voted for and in a couple years they won't believe what's really happened.  buy now and hold on tight.

good luck.

regards,

vlad

to:  MarkM or any seriously good Programmer

MarkM, you said you were hired to code for devcoin.  To me this means you've got to be good otherwise every first year programming student would be putting out their own currency right now.

so my question is this.  Since I know very little about programming ( I only took 1 computer class in college) I cannot grasp how difficult it is to create and launch a new currency is.

for example I have a good idea that it's very very hard even with billions of dollars to put out a competing and new operating system.  It takes a true genius and it happens once per generation which is why gates bought DOS and in 4 decades there's nothing really new except maybe now android (and the variations of Linux).

With each new industry once demand spikes it creates obscene profits which brings in a lot of new competition out of which most go out of business and then pfofit normalize.  this happened in the auto industry where at one point there were over 100 auto manufacturers and the dot com boom where thousands of dot com companies came, made huge salaries and went under and once a couple more coins go boom and demand really spikes and the currently supply won't bre enough that will bring in lots of new talent to try and cash in on this demand for digital coins.

so my question is, how difficult is it?  FAcebook wasn't hard to create it was just a good idea at the right time so to me that wasn't a genius programmer just a very good programmer at the right time with the right idea.

so by comparison, how difficult is it for a very good programmer or does it take 3 or 30 to create a new currency like a bitcoin and then to also launch it? Can one good programmer do it out of his garage in  a few months and also launch it with the hopes it will take off or is that impossible?  I have no idea how many lines of code we're talking about, so the workload itself - is it simple or massive, and then is there any difficulty in the actual creation of a new currency or is that also an easy thing to copy?  and the launching of a new currency - do you just announce it on some blogs and release the code or blocks into the wild and hope you get lucky or is there a lot of programming and work to do there?

Again, I'm not asking what it takes to get a successful currency, that's very difficult cause it has to do with factors you cannot predict nor control, I'm just referring to the actual creation of a new currency and launching of it.  that gives me a good idea as to the number of new currencies to expect on the market as soon as awareness goes up as a result of some unexpected event.

thanks for the feedback.

regards,

vlad