Cheers.

quote from the Faucet thread https://bitcointalk.org/index.php?topic=191553.msg1983573#msg1983573


Please report any bug direct to me or to the faucet thread, thanks.

Don't think so because Cryptostocks doesn't allow you to export your private key, that I know of at least.

I understand you didn't understand. Simply, wait for a response before posting again. Scroll up to your last post, there are two of your posts side by side. Try to avoid that.

I recommend trying to stop double posting. just a recommendation. But coinbase for devcoin would be awesome. If I could figure out what kind of payment gateway they have, and the transfer process from Bitcoin to USD in bank, I'd set one up for devcoin.

Question for the experts:

I was wondering what is the safest way to store your dvc.

Is it a pc wallet?
Is it vircurex? (?!?) with all its ups and downs
Is it devda? (?!?) if a few days ago you were not at home checking your wallet, you would come back without wallet at all.

The security issue is still a major mental obstacle for everyone approaching this world.

My impression of DeVCoin prices was that they seemed to go in cycles.

Dumpers dump the prices down below 100,  sometimes far below 100, allowing buyers to buy up lots and lots dirt cheap.

The dumpers seemed to eventually run out of steam, and buyers would start to arrive, maybe having heard they can buy them cheap.

it is possible that it is not sheer impatience that keeps both buyers and sellers from placing an offer and waiting days or even weeks for it to be taken, it might partly be all the scare stories saying never leave money on an exchange. Whatever the reason, the big buyers and dumpers seem to just place their order almost blindly, just hey sell so many I don't care about the price I am a dumper and I need out of here in five minutes anyway so am not about to quibble about the price, or hey I heard cryptocoins might be going up so just give me however many i can buy for this amount of money.

The price goes up over 200, sometimes even over 300. VladVlad even seemed to have claimed to have bought for over 400, but maybe he wasn't talking about satoshis, maybe he was talking DVC/USD not DVC/BTC.

So the people who bought coins dirt cheap get to sell a bunch of them for double or more than double what they paid for them.

The price is high, word gets around, dumpers start checking whether they happen to have more coins to dump, maybe from merged mining or from shares.

The price gets dumped down to 100 or so or less, maybe significantly less, and the investors stock up on dirt cheap coins again.

There was one single day a month or more ago when I sold 100 million devcoins, bought them all back later the same day, took 100 bitcoins home and still had both devcoins and bitcoins on the exchange continuing to do market-making.

Right now they are dirt cheap again so much so that I am low on bitcoins to buy them with, but that is okay because every possible price from one satoshi all the way up to whatever price the dumpers have dumped it down to has offers of mine sitting there waiting for them.

I would like to pile more bitcoin there though so I can have many more offering to buy at one satoshi than at two, which in turn has more waiting to buy than I have sitting at three and so on.

I don't bother to drive the price up much by constantly offering more than whoever momentarily offers more than me because on the sell side I am selling only ten or so satoshis higher then the current high buy, so the farther I lag below the high buy the more spread I have between my own highest buy offer and my own lowest sell offer.

i have sell offers too at every possible price from whatever my lowest price in satoshis is all the way up some distance abot 300 satoshis. i'd like to stockpile more devcoins up in those higher numbers but can't as much as I'd like because i have to keep making actual sales in order to replenish my bitcoins to buy with.

But it has regularly happened that I look one day and find someone bought the price back up over 200, whereupon my having offers all the way up pays off nicely.

Really the market is still horribly thin. If you want to buy a hundred million devcoins you'll find the price is pretty high. If you want to sell 100 million other than the way i did (waiting for someone to pay top dollar for them) you'd clean out all my buy offers because i don't have them bunched up down at 5, 4, 3, 2 and 1 satoshi yet to pick me up thirty to fifty million or more at a satoshi each...

Is there some actual reason for all this FUDdy expectiona/alarmism that seems to think these regular cycles are not still happing, with right now being just another of the regular recurring buying opportunities inbetween the regularly recurring chances to sell for 200+ satoshis per devcoin?

-MarkM-

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. It works very well in sports such as professional boxing or basketball where the champions and gold medalists are recognized as being the best and get the sponsorships.

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.

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

you could export private key of btc and import into dvc client or vice versa.


I've just found and resolved a bug which caused this issue, there will be no such delay happen.

Thanks for your help of reporting bugs, I just send you 100DVCs.