//Stuff here
Thanks a lot for that explanation,  . So where does the value of <400k DVC per BTC come from, when the value has been above a million for quite some time? |
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Well how many people have yet another 20 million to dump for a pittance? At some point even 80,000 devtome words per cycle will be worth less than 20 million per cycle presumably even if it isn't already, so where are dumpers going to keep finding yet another 20 million to dump? The entire minting is only enough for 9 such dumps a month, and if they continue to dump at lower and lower prices it is going to take less and less bitcoins to pick up each 20 million they dump. I am sure someone will go like wow yet another 20 million devcoins for less than a bitcoin for the lot, sheesh why not, I'll take them... Plus even though the dumping has started to make a dent in the prices shown in e.g. http://galaxies.mygamesonline.org/latestrates.inc notice that BTC rate is still at BTCrate=392005.28810379 there as I write, despite Vircurex showing offers of 1,470,588.23529412 per bitcoin (aka BTCrate=1470588.23529412). Maybe if more people who use web based exchanges also used Torchat and I2P and various games and of course Open Transactions servers, arbitrage would close such gaps faster than has often been the case. -MarkM- Yeah, I really don't know what your numbers mean there... ex. what is the BTCrate? Where does it come from or how do we relate it to anything? |
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I'd like to toss out a thank-you to whoever is crashing DVC's prices. That's nice -- especially the person who sold out 20+ mil at once to the buy wall...
I really hope the prices start bouncing back. They're already down to below 70 SAT...
Its either coordinated by one person since the fontas pump at 200 or its the way price behaves on dvc. Usually when price sits on a wall too long you will see the wall get eaten up and price continues to sell. This is what I said about knowing how to buy dvc if you are a short term investor you do not place your entire order ina buy limit to try to get in at a better price. You should instigate a pump and follow through creating support along the way. Wiser made a point that its irrelevant and it may be but at this point a series of pumps may be needed to get out of the basement. Thats how dvc price acts anyways... Havent seen a trial pump on dvc since i tried months ago. So you mean it should bounce back? |
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But we have forums (devcointalk.org) and there are already MM pools (bitparking and a couple others)... I'm not following how increasing either of those will help considering they're already here, they just aren't being utilized as much as they should.
I want a forum which welcomes all cryptocurrencies, and is better in some way than existing forums, to encourage people to post there. There are already alt crypto forums, but because they're not better than what already exists, few people are posting there. The pool bounty is for a pool which would pay out more devcoins than a merged mining pool because it would convert bitcoins to devcoins, and sends them to someone. Since it would sell bitcoins and buy devcoins, it would raise the price of devcoins in proportion to the gross take and in proportion to the how much people who receive devcoins hold them. For example, if the pool was as big as the original Mainframe Mining Cooperative: https://bitcointalk.org/index.php?topic=24650.0which at it's peak gave about 10 btc/month to developers, out of a total of then 200,000 btc/month generation, which today after block halving would be 5 btc/month. Assuming people receiving devcoins hold half, that would be a forced buying of 2.5 btc worth of devcoins per month. Ahh, I see what you mean now. I think the pool is an excellent idea for sure; as long as it's converting like it should. There is someone here with a beta pool up that does the opposite (mines alts and converts in to BTC to pay out) so it's definitely doable. |
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I suggest redoubling the bounties which have not been awarded even in part. This would redouble the bounties for the forum, the Open Transactions Client (for Grandmas), the pool: www.devtome.com/doku.php?id=devcoin_bounty_nowand Emfox's link faucet upgrade. Any objections? I think what we need more than any of those is some sort of marketplace... none of the things in the bounty area help give the currency some value, as they all still leave it with one use: trading in to BTC. All of these things help indirectly. The forum would make it easier to communicate and organize projects, the Open Transactions Client would make it easier to trade cryptocurrencies and stocks, the pool would convert bitcoins to devcoins, and Emfox's link faucet upgrade would increase the popularity of devtome. I agree that we should also have bounties for selling stuff in devcoins. For the marketplace, gift cards would be a good thing to sell, especially the Amazon gift card: http://www.btc4amazon.com/http://www.itradebtc.com/because it gives a way to buy a huge selection of products. Devcoin businesses can buy gift cards with bitcoins, and send them by email to customers, therefore avoiding fiat and shipping. Is anyone selling gift cards for devcoins already? But we have forums (devcointalk.org) and there are already MM pools (bitparking and a couple others)... I'm not following how increasing either of those will help considering they're already here, they just aren't being utilized as much as they should. |
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I suggest redoubling the bounties which have not been awarded even in part. This would redouble the bounties for the forum, the Open Transactions Client (for Grandmas), the pool: www.devtome.com/doku.php?id=devcoin_bounty_nowand Emfox's link faucet upgrade. Any objections? I think what we need more than any of those is some sort of marketplace... none of the things in the bounty area help give the currency some value, as they all still leave it with one use: trading in to BTC. |
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Especially when he's also taking 1/6 of the earnings... he would be making massive amounts more than the electricity is.
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Update: two bottom banner slots are currently open!
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Just as a note, yes I'm still involved, yes I will edit my easter eggs on devtome -- and go devcoin! Please stop selling so much at once, despite being in hospital, I have been watching the market.
That'd be nice... around 20 million more were dumped today. The price had almost bounced back to normal yesterday after the massive 50+ mil in dumps. I'm hoping it'll bounce back after this one too... |
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Awesome website. Bump for you Thank you! If there are any questions or problems please don't hesitate to contact me, . |
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Up! Still have the banner slot open, . |
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I'm out because of the ridiculous amount of posts that is required to get some coins now. Might you move to a total posts/activity system again in the future I'll probably come back.
Best of luck!
No joke! I post a lot on here, and I don't know how someone would get to 1000 posts a month without spamming lol Yeah, I have noticed that when the programs started requiring more and more posts, the amount of spam increased drastically. People going from thread to thread saying things like "yes" or "oh" or "good" in order to get their count up without actually taking part in any conversation or even reading. It sucks for those of us who don't do that and refuse to do that, because we get punished in terms of the rewards for advertising space as a result. Those who do higher quality posts don't get nearly as much payment as those who spam, yet we are the bigger contributors and the ones that bring the most positive light towards our signatures. The system is really backwards compared to what it should be. I do my fair share of short replies as well but they are self-thread bumps and are in no way to pad my post count. I never make a response in a thread unless it's something that I feel adds real value. I'd say 3/4 of the posts I start typing in threads I end up deleting due to feeling like they aren't contributing enough as it is. |
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I'd like to toss out a thank-you to whoever is crashing DVC's prices. That's nice -- especially the person who sold out 20+ mil at once to the buy wall...
I really hope the prices start bouncing back. They're already down to below 70 SAT...
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1PhrUQp8zg8jYpFDxmBC5RFwXUivVkcwjg
Thanks!
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Up! And there is now an advertising spot open for a 468*60 banner. PM me if you're interested, . |
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There is also an advertising spot opening up today -- if anyone's interested in it, toss me a pm!
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The problem comes into play because he deals with Americans and he is not registered to do so. That is illegal. Anyone offering banking services to an American must follow American law. This is why mtgox recently stopped paying out USD to Americans... because doing so is illegal when you are not registered. in other words they chose to STOP breaking the law. Unless/until TF does the same he is likely criminal actor.
The long arm of America recently forced the highly secret Swiss government to give up all their illegal relationships and end anonymity. If an entire government cannot stop the USA then TF has no chance.
MtGox stopped because their payment processor could no longer process payments for Americans on their behalf. It had nothing to do with what MtGox did or did not want to do. It had to do what their American bank accounts were taking part in. Since the accounts were in the United States, of course our government had jurisdiction. TF is not using a United States bank account for his transactions, nor any bank at all as a matter of fact. Therefore, again, you are bringing in irrelevant facts. |
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looks like an interesting site, will give a try  I tried this. Good job.
Thanks guys! If there are any problems or concerns, don't hesitate to contact me, . |
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