got love Abe administration
who doesnt love hyper-inflation  Japan doesn't have hyper-inflation. They don't even have inflation. They are in a state of deflation - see the following chart:  The only reason the graph has turned up a bit at the end is because that nuclear power plant explosion put up electricity prices. Compare to the chart of US inflation:  Also take a look at this chart of the dollar v yen:  The value of their currency has more than doubled since 1985! Their attempts to weaken it hasn't even taken them back to 2008 levels. This is a strong, hard currency. I guess they are worried about the end game because they have unusual demographics - more than half their population is old, which exerts deflationary pressures by themselves. Now their overall population is starting to drop and they're scared that if they don't at least get back to 2005 levels, they won't be able to cope. To answer OP's question: only when they get back to their 1985 dollar:yen value, will the Japanese start looking for other currencies... And the likelihood they'll actually succeed in weakening that far is slim to none. Their currency is harder than Bitcoin. I expect they'll be the last place to adopt it because of the deflationary nature of their own currency. |
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Well as long as there are Silicon Valley types trying to create real ecommerce solutions using Bitcoin and as long as Forbes reporters are doing articles on how they bought groceries using Bitcon, govt is going to find it really hard to claim, like they did with Liberty Reserve, that "everyone" who used it was engaged in criminal activity.
The community really needs to get behind all the ecommerce ventures and charity drives, and away from speculation - and Bitcoin will be safe. The more the real economy depends on Bitcoin funds being spent in their stores, the harder it will be for govt to take it down.
The loss of Liberty Reserve "only" hurt people in countries who were using it because they couldn't use Paypal. Whereas bitcoin going down would hurt some prominent Americans. The more Bitcoin participates in the real economy, the more untouchable it gets...
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Start from the beginning.
1. You opened an online wallet on blockhain.info? or do you have an offline wallet (downloaded to your computer)?
2. If it was an online wallet you should have both an identifier and password for the blockchain.info account. Are you able to log in?
3. Did you set up a separate password for sending? Are you typing this second password when you try to send?
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It seems to me that the real solution would be a way for people to spend their DVC directly, without affecting the exchange rate.
Thoughts?
Wholeheartedly agree. Other than computer parts and setting up bounties in this thread, I frankly see little in the way of Devcoin services... What we really need is an Ebay style Devcoin platform, where members of the community could list goods and services and buy and sell stuff from one another, all in Devcoin. So, if someone wants to buy from amazon.com, instead of cashing out to fiat to buy, they can just buy amazon voucher codes for Devcoin from someone else on the platform etc. I'm sure it could be expanded to include loads of things. |
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Good thing you made this important discovery that we all missed. Crap, well... Go ahead and send me all your worthless coins and I will see to it that they are disposed of.  I am not a miner. The speculators(me) have a potential role to create an inflated value by buying bitcoins at an exchange as I think they might be worth something one day. But based on what I see already, they will not be once people realize there is no where to spend them. If all you care about is the gold 2.0, understand the dollar wins! Similar to money, it is a tool, not a store of value. You intend to buy btc at an exchange, but want others to hand you Thiers to cash out for your farm? I guess you missed out the half a dozen routes you could have taken to not require bit coin investors. Tip: Find a cheap farm shop buy veg, sell veg... Firstly compared to just speculatively buying coin direct from fiat, at let's say a high of $138. Buying just $90 of veg at wholesale price can be sold for profit to net you a whole bit coin. Sell that bit coin for fiat. Get a return of over $130, after fee's. Rinse repeat, while you wait till next year to buy land, as its a bit late to buy land churn the soil, sow the seed to get a harvest complete by this summer. So do some wholesale-retail until winter so that your ready for buying land, to start growing next year, then next year you will have the service running, but becoming more self reliant on stock as oppose to buying in... which means less cashing out He isn't behaving that differently from you, you know. He's looking for bitcoin investors to help start-up his farm. You and others are looking to Silicon-Valley+Wall Street to come up with solutions that enable Bitcoins to be spent. Why the hostility to finding start-up capital from within the community in coins? You seem to be imagining that it will make existing bitcoiners poor. But eventually all wealth flows towards those who supply venture/start-up capital. They don't view it as "handing over money", but instead as a stake in a profitable venture. They end up owning the world, leaving the hoarders for dust. Personally I like the idea of a farm where you can buy food direct for cryptocoins, by-passing the supermarkets. But it's not a "sexy" venture that will attract fiat venture capital - so it either raises funding from within the community or doesn't happen at all. OP's other alternative is raising money from the traditional banks - can you imagine how that conversation will go? Not to mention him having to constantly cash out the BTC he earns to pay fiat interest, fees, etc, instead of keeping the BTC within the BTC economy. Fiat wins... |
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DVC prices has been slumping over the past few days...makes me a sad barnacle  On vircurex, the volume for the BTC/DVC trade is a colossal 15,694,970.8426 So I'd say someone sold almost their entire holding! |
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Remember they still have not moved against Bitcoin, because they dont really know how to. Now with LR gone, we can expect to see some fresh money flowing in, and even more people to secure the network validation.
To me it looks like they've opened mt gox's "how to deposit" page and are going through it item by item. Dwolla - check Liberty Reserve - check OKPay - dealings with mtgox suspended in last 24 hours - check Which just leaves people in Europe making SEPA deposits... Am I being overly cynical? It may come to Americans having to travel to Europe to open bank accounts with an international bank, to get their money out (they can then do an internal transfer via their bank to their American account. |
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Ok so we seem to be in agreement then that it’s about cryptos generally, not bitcoin. In which case to bring this full circle and as a statement rather than question this time: why would anyone who doesn't fulfill that lucky category of early adopter choose to acquire and use btc as currency. Probably worth some thought, and then what that may mean for the issue of relative inflation of growing numbers of so-called other crypto currencies vs devcoin's. And speaking of survival strategies, unemployment and crypto adoption, there just so happens to be a coin to assist in addressing that  I pre-apologize for this long post but it is all very relevant to the future of devcoin and it involves the risks and benefits of all who contribute to devcoin, now and in the future. Amin, weisoq, short term, Devcoin is hitting on all cylinders. Right time and right place, they're in the hyper growth phase right now so cutting back on printing coins is not possible, nor a good idea, now or in the near term. We have High global unemployment and devcoin is everywhere offering jobs with real pay. This is why I said the upward pressure variables will grow exponentially and some logarithmically while the downward pressure factors such as dilution and selling will only grow linearly which will result in large to enormous upward pressures on the devcoin price. My only issue is that it looks like we're paying third world country contributors first world country shares. That will wreak havoc on the system in a matter of months. I hope there's a plan to pay a triple the national average salary (which is generous, i wish i could get triple the national averafe here) in those countries which is generous and will help stem abuse, poor contributions and a mass exodus of educated top notch first world country talent. One other thing that happens when you pay a 3rd wold country person a full to 2 years of wages in a single month is that he will undoubtably dump it all on the market cause he's never seen anything like it and knows something that good will never last and word of mouth will spread and the damage will be near instant. It's like deccoin giving us $50,000-$80,000 worth of real dollar coins for 1 month of programming or working. Who wouldn't sell it all, for many it's life changing money? That's how it is in 3rd world countries, I know I lived there for many years. So besides the destruction of total share value a secondary negative effect caused by paying 3rd world countries equal shares will be a sudden and massive implosion of the devcoin price. Where in America, Germany, etc even $3,000 in a month of wages is not a lot to most and at worst most would only sell a portion and in many cases like mine, since I can pay my bills in other ways, I won't sell any coins. So 3rd world country people who desperately need the money would most always dump all their coins which would further drops the price of devcoin. This is the second reason share payouts in 3rd wold countries should be generous but in line with their national average incomes and cost of living there. I'm seeing devcoin has already gone global so I hope they have a fair and sound business solution for this. It might sound unfair but these countries also have, for the most part, also 1/10th the cost of living expenses to go with the 1/10th the income of the US, and any person there would feel lucky to sit at home and make 2-3 times the national average instead of digging ditches or weighing tables with a computer science degree. Let's keep our compassion in check and do this thing right. Devcoin is the first real CryptoStock in the world and I'd hate to see poor yet simple decisions destroy this beautiful thing which is, I believe, on the brink of catching global fire and really taking off. How many remember what a logarithmic graph looks like from high school? Think Hyperbole!!!! It's a short lived and rare phenomenon which can make people very rich and I think the situation and factors for devcoin are all near set up but one major miscalculation could prove a huge setback. This type of success is truly possible with devcoin and soon, it could start in 3-6 months, but we have to keep good top notch content coming and I suggest unthinkingbit et al putting some system in place to first warn then potentially fire people who don't rightfully earn their coins with good service and or content. This system is new and like all new systems it's ripe for abuse. I realize by saying this I could get myself fired as I'm not a pro writer although I try to do a large variety types of articles since I don't know what works - if short, long, music, politics, green energy, economics, conspiracy theories, or poetry works best, given the vast and diverse US population, so until we get the page counter going I tried to hit on all of the above. I'm trying to cover the occasional reader up to the millions of college students looking for long research papers - just one of the research papers I wrote was 36 pages and I have no way of knowing if all that labor was worthless and if a few much shorter articles on Michael Jackson and Prince would bring in 10 times as many readers. so for all i know i may be one of the ones who deserves to be put on notice or fired but there should be a protocol for this for the sake of all the good and great contributors. At any rate, Fair Quality control with steps for disciplinary action up to termination has to be put into effect ASAP to stem abuse and what would result in a real and effective theft of shares from everyone else. Besides the argument of coin dilution, ad nauseum, this is another major issue that has been on my mind so I hope, like the coin printing issue, devcoin management has some kind of plan in the works. Regards, Vlad You are stressing too much. There's already been a levelling out in global developer salaries (that's why a third of Google engineers come from India!). So I don't think there'll be a rush to develop Devcoin from those countries unless they close down all the Microsoft/Intel/Google etc business parks in Bangalore! It's actually the eastern european developers who are lagging behind in pay and that's mainly because they arn't an English language country like southern India. But once Silicon Valley gets over it's anti-English prejudice and opens business parks in Romania etc, that will change. The main problem Romania has is the way it is portrayed in the press. If you say Bangalore to people, they instantly think "software". But if you say Romania (a place with similar population to Bangalore), people think "gypsies". It's pure prejudice - and totally wrong. One of the reasons for keeping Devcoin open to all comers at the same wages is that it helps talented people who are shut out of the global market simply because people are prejudiced about their country of origin and won't even look at their skills or talent. Devcoin to change the world! |
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Exactly. Tokens are like tickets. You want to get on the train or bus? You buy a token. You want to gamble? Buy some chips. It's not going to gain in value over the years and it's not designed for you to keep your money in it for long periods of time. It's not designed for you to actually spend it either, it's for a specific purpose within a narrow focus of a community.
Devcoin is like that. It only exists as a support structure for Bitcoin until Bitcoin has infrastructure to pay people in Bitcoins and then Devcoin is done. No one is going to choose to get paid in Devcoins over Bitcoins just because theres an octillion Devcoins. And the moment someone comes along and forks Devcoin and adds the ability for the tokens/coupons to expire is the moment Devcoin becomes second best. Nothing is wrong with infinite inflation if the inflation is nice and slow, and if there is an expiration date. Devcoins seem to have no expiration date and are generated so fast that I cannot see how it will work up against a fork which has expiration built in.
I disagree. Have just done another Devtome article on Bitcoins and the Big Mac Index: http://www.devtome.com/doku.php?id=bitcoin_and_the_big_mac_indexAs you can see Bitcoins are already becoming un-usable for transactions in some parts of the world (and that will soon be the case in the developed world too). Some people laughed at the Winklevii for buying bitcoins and simply putting them in bank vaults - but perhaps they saw the nature of it more clearly - which is that it is a commodity not a currency. As soon as it becomes unviable for transactions, it ceases to be a currency, IMO. Bitcoin should have a fee based on percent of the amount instead of fixed number of uBTC, who define how much fee is for a transaction? the nodes? the client? It's the miners who demand the fee - and we're already seeing exorbitant fee demands based on the number of inputs. On reddit someone posted their problem of trying to send $10 and being charged a fee of $9 (because the transaction was made up of many inputs). We've also seen blocks mined with no tranactions included at all, just the 25BTC reward. The greed of the miners will kill the project especially when combined with it's forced deflationary aspect. I think it will end up as just another asset and devcoin or another coin will be used for real commerce. |
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Exactly. Tokens are like tickets. You want to get on the train or bus? You buy a token. You want to gamble? Buy some chips. It's not going to gain in value over the years and it's not designed for you to keep your money in it for long periods of time. It's not designed for you to actually spend it either, it's for a specific purpose within a narrow focus of a community.
Devcoin is like that. It only exists as a support structure for Bitcoin until Bitcoin has infrastructure to pay people in Bitcoins and then Devcoin is done. No one is going to choose to get paid in Devcoins over Bitcoins just because theres an octillion Devcoins. And the moment someone comes along and forks Devcoin and adds the ability for the tokens/coupons to expire is the moment Devcoin becomes second best. Nothing is wrong with infinite inflation if the inflation is nice and slow, and if there is an expiration date. Devcoins seem to have no expiration date and are generated so fast that I cannot see how it will work up against a fork which has expiration built in.
I disagree. Have just done another Devtome article on Bitcoins and the Big Mac Index: http://www.devtome.com/doku.php?id=bitcoin_and_the_big_mac_indexAs you can see Bitcoins are already becoming un-usable for transactions in some parts of the world (and that will soon be the case in the developed world too). Some people laughed at the Winklevii for buying bitcoins and simply putting them in bank vaults - but perhaps they saw the nature of it more clearly - which is that it is a commodity not a currency. As soon as it becomes unviable for transactions, it ceases to be a currency, IMO. |
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But seriously, no one wants to give away 90% of their profit to devs; regardless how good or bad the idea might in theory be, people are greedy by nature. Devcoin will never be substantially more valuable than what it is today, in fact I think it is one of the most likely altcoins to die in the long term.
Disclosure: I earn devcoins. First: but what if you and others were also devs. 'Dev' for devcoin isn't just software/hardware. It's writing, art, marketing, other ideas. I am a dev, and of course I'd love to receive 90% of the profits the miners do. I'm just having a hard time trying to picture a miner saying "Oh, hey, let's mine this coin which is 90% less profitable than any other cryptocoin that I could mine with this hardware, just for the heck of supporting developers, art and culture". The idea in itself is not bad; I'm not against supporting creators. The problem I see is that it can't hardly grow if people are greedy, which they are. You’re correct, people are greedy. But at some point a whole load of people are going to wake up to the fact that bitcoin et al are like a game of pass the parcel, except in this replicable deflationary game of increasing real interest rates in trade the person holding at the end loses. Like you I’m playing that game, and I think it's a fantastic revolutionary stepping stone. But as I don’t know when it ends and because I don’t have the time, inclination or capital to risk all I prefer to mostly stick with the admittedly slower but sustainable greed that comes from getting paid for doing something or receiving something wanted. I think others will come to realise this over time. Time will tell. +1 Miners are essentially accountants - their job is really to keep the ledger, and they get coins each block as a reward. If we called them "accountants" rather than "miners" would they seem as glamorous? Also - imagine an economy where the people who actually do stuff - create art, books, software, hardware, tools, grow food, build houses, make furniture etc - are paid nothing and only the accountants got the lions share. That sort of society would collapse - unless the model was restricted to a very narrow one where there were just two players - the speculators and the accountants... |
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Why the hell you even deal with Google, company known for major datamining and profiling of people and privacy intrusions. Google is bunch of corporate idiots who see themselves as
God's Mind, Big Brother or whatever their delusions "suggest" and you are doing business with them? Gotta be really dumb, blinded by eventual profit or both.
because this is the only profitable way to keep up my website. i have tried bitcoin ad networks and got like 0.00001 BTC / month That's down to the lack of advertisers on the BTC networks. It was the same when Google launched Adwords/Adsense back in 2005. IIRC they did loads of promos to bring advertisers into their network (gave out free adwords vouchers etc) - and even so, the expensive keywords like "mortgages" could be had for 2 cents per click. Now it's over $10 per click. I don't know why the BTC ad networks arn't promoting themselves more thoroughly - I thought they'd have been present at that Bitcoin conference in San Jose, but from the reports I've read about the conference, it was dominated by start-ups looking to build interfaces so ordinary people could purchase from online retailers using bitcoins. The advertising space was neglected even though it's potentially lucrative. |
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I'm amazed litecoin has almost caught bitcoin in this poll!
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Time to move to a bitcoin advertising network.
Interesting Idea. I wonder how feasible it is do do advertising without tracking cookies and client-side scripting? Pay-per-click should be possible without cookies (and would work with text ads). Pay-per-impressiion would be trickier. There are loads of bitcoin advertising networks out there already, and yes they work like Adsense, using cookies. 1. Coinurls.com (disclosure: affiliate link). They do adsense-style pay to click ads and also interstertial ads (like adfly) 2. puppytwist.com Adsense-style pay per click ads 3. anonymous ads Pay per impression ads I believe there are loads more (please post if you know of others) - but they haven't got as many publishers and advertisers as Adsense. But if the community rallies around, one of them may grow to become a rival to Adsense. |
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Question: can I put my vicurex devcoin address into devtome? They said no mining, but this isn't really mining. Has anyone done this successfully?
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Well I logged into devtome and couldn't see where I could edit, so I guess the administrator hasn't approved me.
Will hold onto my article for a couple of days, and then perhaps post it somewhere else...
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How long does it take FuzzyBear to approve you? And does he message you, or send an email? Have written my first article (a long post about economics), but am not sure how and when to post it.
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was your identifier an alias or the long identifier number?
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The Eric Voorhees interview on Let's talk Bitcoin mentioned that these new zones were "Corporate Zones" - i.e. corporations would own the land and make all the laws, and those who chose to live on that land would just have to abide by those laws. Sounds to me a lot like The Corporation of the City of London, which is 1 square mile in London's heart and which was given it's charter by the Plantagenet Kings in 1189 and is governed by the businesses that make up the corporation. It's outside the jurisdiction of Parliament (I think only the monarch can interfere, and none has done so for centuries) but only 7000 people live in the City, so they arn't really affected if the Corporations that make up the City pass draconian laws. Not sure how this concept would work in an area larger than a square mile with more people though... Edit: Actually the corporations of the City do affect other businesses within it negatively - see this article about the Billingsgate Fish Market. It was a fish trading market that had existed since the 16th century - but the Corporation of the City of London closed it down because they wanted the land for building, and all those self-employed fish traders lost their livelihoods. Parliament wasn't able to help because they had no control over the land controlled by the City, so it closed in 2012. So be careful - if you are a small business that has something that the corporation that owns your zone wants, you are going to get nixed... There is no such thing as a level playing field in corporate zones, though there might be in a genuine free state. |
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