It should take very little time to install an off the shelf auction system.

After that, maybe put four people on one share a round as admins for it, ten hours per month each, and let them gradually modify it fancy it up etc toward doing anything we want/need it to do that, off the shelf, it doesn't already do.

If that seems to be making progress but not fast enough, consider adding some more one share a round admins to it, to increase the number of hours a month being put into it.

-MarkM-

EDIT: It might even be that installing an off the shelf auction system is done simply by clicking one button in the cpanel or whatever panel the hosting company provides to the website admin. So maybe someone who already admins one of our domains and uses cpanel or other similar type of panel can click on each auction site the panel offers then we can all look and see if any of them have anything useful and if not which is closest to being able to be modified/forked to produce what we want?

With crapcoins like all (save maybe, possibly, litecoin) of the scrypt coins and all the non merged mined SHA256 coins trying to buy them back is, or is going some day to be, the proverbial "catching a falling knife": someday they will dive and never go back up to the price you bought them at.

But with all eight merged mined coins (BTC, NMC, DVC, GRP, IXC, I0C, CLC and XGG) you are looking at long term investment coins that most likely are going to be diving to a higher floor on each dive than they dove to on the previous dive. So for those you have the opposite problem: once you sell, will you ever get a chance to buy them back for less than you sold them for?

Luckily for us, right now we are still in a period in which even the merged mined coins still do go through up and down cycles, so as long as you sell at the peak instead of the trough you still have a good chance of being able to buy back lower than you sold at.

But this is why I say to put a huge spread of offers. That way you buy all the way down and sell all the way up, plus I also place my high offers way the heck higher than I expect them to go because it is the peaks that I don't expect that make me the majority of my profits. So I try to have "insanely" high offers out there ready to catch those.

Even luckier for we DeVCoin folk, we can actually earn coins. So even if we cannot buy back, we can write more articles.

Plus, of course, bear in mind again that I have been at this a couple of years or so: all my stuff on exchanges is pure profit, I already took home everything I started with plus lots of profit.

-MarkM-

(Re post before last):

Well doesn't that work out to "I prefer to have no devcoins left but with them having a value of X than to have half my devcoins left and them have a value of two times X" ?

Or "I prefer to have no devcoins left and have them be worth X than to have 90% of my devcoins still so that they are worth 10 times X" ?

-MarkM-

I always recommend not dropping half the merged mined coins from your merge.

The public merged mining pools usually leave out at least three or four of the eight merged mined coins.

The profitability charts tend not to even list the really lucrative merged mined coins.

(For example we see at http://galaxies.mygamesonline.org/latestrates.inc that GeistGeld, XGG, is worth 1.87134824 DeVCoins per coin. Have you looked at its difficulty? Hint, it is nowhere near as difficult as even I0Coin, GRouPcoin, even CoiLedCoin, all three of which also a lot of merged mining pools leave out.)

-MarkM-

Yeah for sure. But I have less than a billion DeVCoins, out of several billion. That is a lot of bitcoins someone(s) got if they already sold the billions, with which just as many billions could be bought back cheaper than they were sold for if only they would use those bitcoins to "back" the currency.

Sure the floor they could sustain would drop and drop as more coins are minted, but at least some floor could be sustained.

Take a look at http://galaxies.mygamesonline.org/digitalisassets.html

All the currencies on those tables and plots that are worth way the heck more than bitcoin - every one of them - did it by actually backing their currency instead of just dumping it.

That is, each coin they sold they kept the vast majority of what it was sold for to use as "reserves" with which to buy it back.

Bitcoin should never have dropped lower in price than those, they all expected bitcoin would skyrocket. But no, too many miners dumped their bitcoins it seems without holding the majority of what they sold them for as "reserves" with which to buy them back (albeit a little cheaper than they sold them).

So it kind of looks like the answer to "why are some of those currencies worth lots of bitcoins per coin" is "because they actually stand behind their currency with their 'reserves' instead of just dumping it".

-MarkM-

Twelve seconds? Isn't GeistGeld ten seconds? And years in the market?

-MarkM-

GeistGeld: "blocks" : 2200686

(Much-faster blocks, so damn fast some think it too fast to be merged-mined, but actually it seems more like it is about the fastest you can go while still merged-mining.)

For value, to calculate profitability, the only public source I know of currently is http://galaxies.mygamesonline.org/latestrates.inc

-MarkM-

Well bear in mind that bots, being always-on 24/7, probably imagine they can afford to not actually place their low offers until the price actually gets low.

Also they are foreced toward that at least somewhat on Vircurex by their limited number of offers they are allowed to have on file at any given moment, whereas we web-browser uses can have thousands upon thousands of offers on file waiting for the bots to get around to them.

So bots let people re-cycle their capital faster, needing/using less total capital to in practice effectively cover more range of price with less capital than we who must place all our offers ahead of time so we can afford to nap once in a while.

The capital the bot has is its limitation though. Anyone with more capital can blow right on past the bots to reach our long-standing highball and lowball offers that, when they do get reached, make us much more percentage profit per offer than the bots get playing within just the gap between our lowest remaining highball offers and our highest remaining lowball offers.

-MarkM-

This requires that you take the bitcoins or litecoins or whatever that you sell your devcoins for and use them to place buy offers, offering to buy back your devcoins for less than you sold them for.

One or more large holders of DOGE are doing that with DOGE. Basically each time a bunch of suckers buy DOGE at high prices, almost all the bitcoins or litecoins or whatever they buy them for are put back onto the buy-offers side of the order book, which is the side that most of the profitability sites and such look at. (Though probably they really should be looking at the 24 hour volume-weighted moving average or something like that, which I haven't so far seen available anywhere.)

On Vircurex I have been trying to do this for DeVCoin, piling up so many buy offers that so far the effective floor on price might now be closer to 50 Satoshis than to 30 Satoshis. Last cycle I did not have enough offers piled up in the under fifty Satoshis price-range to keep the price at 30 or more Satoshis; it fell under 30 for a while. This time though it didn't fall much under fifty before seeming to show signs that it might be going back up, and I have piled even more buy offers down in that range to hopefully provide even more resistance next time around.

But it is going to take a larger and larger pile of offers under fifty to support moving the floor any higher; basically in order to double the buy offer that is sitting at fifty is going to require doubling the buy offers sitting at each Satoshi of price lower than that. Or more even since it seems to make sense to have the resistance (aka the size of the buy order at a given price) climb much faster than the price lowers so that each Satoshi lowering of price will take way the heck more dumping than the previous Satoshi of price did.

So lets try to get five or six billion DVC of buy offers at one Satoshi per DVC price so we can support having two and a half or three billion DVC of buy offers at two Satoshis per DVC of price so that we can support 1.66 to 2 billion DVC of buy offers at three Satoshis per DVC of price and so on, gradually building up the level of the price floor.

(Actually if we can manage enough buy offers to be offering to buy every DVC that exists plus all those to be minted over the next few hours or days, that whole offer could serve as a floor without needing more offers lower under it to support it. But until we get there building a pyramid of offers seems more effective so instead of one big wall at one price, that someone with more coins than the wall offers to buy could smash through, we instead make it take more and more and more coins to smash through each satoshi of price of resistance.)

In essence the person or persons supporting the DOGE price is evidently of larger pockets or larger desire/intent of actually supporting his her or their currency than DeVCoin receivers in the aggregate seem to be. They pump it to move it higher on the mining-profitability charts so that it attracts more miners and buyers, which raises it on those charts so it attracts more and so on. As long as the largest receivers of DeVCoins do not bother to do similarly but prefer to just dump the more DOGE can be expected to do better than DeVCoin.

DOGE is of course going to drop back down after its peak of this cycle. I wonder how strong a pile of buy offers they will have waiting at and under 50 Satoshis per coin to prevent it going even lower next time than it went this time?

Are they even building a floor that has a drop dead solid foundation, or mostly just pumping, putting offers to buy up high but without back-fill solidly beneath it such that each Satoshi lower of price has more buy offer waiting than the price above it does?

I have been choosing how large a buy offer to place at each Satoshi starting from one Satoshi by dividing the offer at one Satoshi by the price in Satoshis, so that I am offering to buy half as many at two than I am at one, and a third as many at three as I am at one, and a quarter as many at four as I am at one, all the way up to a fiftieth as many at 50 as I am at one...

Even that might be too smooth though since it really says I am willing to spend at each Satoshi of price the same number of bitcoins.

I suspect that better would be to be offering to spend more bitcoins per price as the price offered goes down.

Like maybe offer to buy a quarter as many at two than at one, a sixth as many at three than at one, an eighth as many at four than at one, a tenth as many at five then at one, all the way up through a hundredth as many at 50 than at one...

-MarkM-

Maybe the actual legal owning of the actual real legal shares could be left with a storage/holding/vault operation, so that until someone actually wants to go get the real legal share represented by a token there is no need to know who they are?

Basically you would initially have only one actual shareholder using tokens, that would be the storage/holding/vault operator.

Anyone could muck around with tokens back and forth play poker with them buy and sell them or whatever, all without any actual legal shares changing hands.

Then if/when some day someone decides they would like to cash in some tokens for actual shares only then need they find someone who is willing to not be anonymous who will hold the actual shares, or they will need themselves not to be anonymous.

-MarkM-

Actually I think it is a total wordcount since forever, minus the shares already paid since forever, so for example if you later edit an article down in size by 1000 words after having already been paid for it, then next round post a new 1000 words or edit an existing article upwards in size by 1000 words, the grand total since forever will still not have increased.

So it is not simply how much you posted in a given round it is how much your grand total of words that are still there has increased.

Then too there is now a quality factor. So if someone had been paid for a lot of words whose poor quality had not yet been reflected in their quality factor, then some reviewers looked at it and rated it as poor quality, the new total shares it would evaluate them as having earned would be lower so there would be a shortfall to make up - more words wanted - before their total actually paid out was exceeded again by the total earned.

They get paid any shares outstanding in excess of what they have in total been paid already, using the latest rules and quality-ratings to determine how much such work of theirs as is still present that round is nowadays calculated to be worth.

(Which unfortunately would complicate any change of how many shares people ought to be paid, since right now it is based on words still present now not on during which rate of pay's era the words were written. If we did decide authors should get 1/5 of a share per 1000 words for example oops that would be retro-active. Trying to track which words were present during which payscale era could get very hard... People would suddenly have a huge backlog to make up just to appear as having earned what they already got. I guess maybe though that could be kludged by simply reducing by 1/5 their purported grand total already paid. Hmm yeah maybe its not so hard afterall... just would need a kludge like that which then accountants and so on might go hmm at until the kludge is explained to them.)

-MarkM-

I0Coin never died. It was a dark horse at times but I am pretty sure it never died.

Luke claimed to kill CoiLedCoin too, attacking it for mabye 2 or 3 days, then everyone claimed it was dead while it went humming along merrily ever since.

Dark horses are awesome. BBQcoin was a great example, people were able to mine that with just a CPU for close to a year before the bitcointalkers realised it was not dead afterall.

Fortunes were made. Yet BBQ is just another pathetically insecure scrypt toy.

GeistGeld is hopefully also goign to be awesome since it has for years now tested and tuned to make sure you can run that fast while still being merged.

With all the crap the toy coins yell about speed being so important GeistGeld should find a large audience once people realise putting all your money on a windowsill with the window open for attackers to take like basically all but one of the scrypt coins do (and even that one its maybe arguable) is not the way to make a global currency.

The international three letter codes for currencies likely say all three letters must be letters not digits, so I0C would not work in a lot of Wall Street systems maybe.

But it tends to be pronounced "I owe coin" so fudging by putting O instead of 0 should work. Grandma if she was a typist way back when would surely grasp that.

If Wall Street chose to use specialised hardware to secure blockchains, do you think they would prefer to secure them all with the same machines or to need different machinery - or even just different watts of electricity as in having to allocate the watts instead of merging them - for each chain?

-MarkM-

Shh! You'll drive its difficulty up!

-MarkM-

EDIT: Re three waves that makes sense to me, first the employees/analysts buy in while it is cheap before mentioning it to the bosses, then the bosses need to buy in (maybe at ten times the price) before telling their customers and/or starting to commit institutional/customer funds. Only then will the insiders be in position (maybe at 100 times the price) to let the customer class in on it.

Because it is very very hard to mine aka high difficulty.

So its not like you instamine a billion overnight to dump.

So why even bother digging out your wallet to send them to an exchange if you only have a few thousand or maybe not even that many and they aren't even worth a buck per coin?

You might just as well ask why aren't people clamouring to have GRP, CLC and XGG put on an exchange so they can dump those too?

Heck those are easy to mine so why aren't people dumping them?

(Albeit the purported values they are trying to buy them at are pretty low, see http://galaxies.mygamesonline.org/latestrates.inc but I know of no-one selling them that low.)

-MarkM-

Not to me, to me it was that it became merged and on public merged mined pools back when I only had one 5870 or maybe before I even bought a GPU at all.

So to me every extra year to mine it before it took off was golden. I still only rake in so few mining them that if it takes another few years to take off that is all the more coins for me.

Except for those morons dumping. I finally got into trading and am learning to love morons for that one endearing trait they have albeit not sure it makes up for other traits that might go along with.

-MarkM-

Stop offering pathetically insulting prices and maybe you might find people willing to sell.

The morons dumping at less than a buck a coin don't count.

The low volume maybe reflects the fact that those who like it, like it a lot, while those who don't yet like it maybe won't until the price has already skrocketed way more than it already has.

But for the patient, there are still enough morons dumping that it makes no sense to buy "at market", the spreads tend to be so huge it is best to just put a whack of offers scattered down the buy side and wait for the morons to dump.

Did you read Vlad's earlier account, possibly in a totally unrelated thread since he tends to rant on about anything in some of his threads, of how hard he discovered it to be to buy in quantity even offering many times the "going rate" ?

-MarkM-

You put a donation address in your signature on the forum then wonder why coins appear "from no-where" ?

Have you been so unhelpful that you are convinced no-one would deem your contribution(s) to the forum worthy of a "tip" of 10 DVC ?

Not saying that is where they came from but maybe you could check the exact address the coins arrived at to confirm or eliminate that possibility?

I was pages behind in reading when I saw your post so figured I would have to get to it later once I had read the whole thread in case someone did respond.

The daemon can mine, the old GUI we prevented it mining to prevent thread errors of some kind.

I do not know whether the new one encountered the same errors so alsi disabled mining or maybe the new bitcoin code somehow doesn't introduce the same errors the old code did when one tries to plug the curl / geturl thing into it. Or maybe the programmer who did the new version was familiar enoguh with the intricacies of thread-safty to work around whatever problem we had in the original that we never pinned down.

It would take I do not know how many years on average to luck into a block though mining with the daemon. Plus, a block would give you 5000 coins not 10 coins.

Also if you applied to become a Devtome author someone might have sent coins to test that you had in fact given them the correct address to put into the receiver files.

-MarkM-

No, apparently every few hours, maybe three tiimes a day or somesuch, a portion of fees gets divided up among people who have balances of certain coins, of which bitcoin is one. So the more bitcoins you have the more you get. I do not know if each of the three currencies uses fees only from pairs involving that currency or all fees are bundled then divided among balances of those lucky currencies.

But basiccally it seems to mean if you leave bitcoins on the exchange they earn, so if you have lots of lowball offers in place to buy things using bitcoins the earnings you get for leavign the bitcoins there should help make up for leaving the bitcoins "idle" in the form of offers that will only get acted upon when some extreme low price comes along.

For example I have offers to buy DeVCoins for one Satoshi each. Probably those offers will never be accepted by any sellers. But so what, the bitcoins presumably are earning anyway so parking them in lowball offers is just a way to keep me from accidentally spending them while also being a way to be sure if such an insanely low price ever does happen along I am there waiting to snap it up.

It helps me to not worry about how to low to fill the buy side with lowball offers. I just fill it to the very bottom.

-MarkM-

If you hope to ever get on the DeVCoin receivers list, such as if you become a Devtome author, then make sure the online wallet is one that can handle coins that are mined directly instead of sent via normal send transaction. Many, maybe even most, do not.

-MarkM-

I don't know of any blockchain packages available for download anywhere. I am not even sure what one would include, for exampel maybe it is not necessary to include the index files as the user can do -reindex to cause them to be created, given just the raw blocks file.

I also do not even know whether the specific build your are using correctly matches the specific service pack level or version of the specific operating system you are using nor whether that specific binary package works for anyone anywhere other than who-ever built it.

So yeah tons of stuff to diagnose.

Why does it drop connections? Or does it? If its not the one doing the dropping why do the others drop it? Are all our seed nodes overloaded already? So much that is not known...

-MarkM-