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A problem with devtome/devcoin seems to be that it's a pre-mined or inventor-created internet token, like the rather notorious ripple, that the creators can attempt to flog for real money (USD, or BTC which are then sold for USD), but while the creators can try to sell whatever tokens they create, the writer-contributors only get 'leaked' devcoins at an extremely slow rate. As devcoins are sold off - and there is of course nothing else to do with them - at an ever-devaluing rate (1,000,000/BTC a short while ago, now 2,000,000/BTC) the amount that devtome writers can earn per month (around the 100,000 devcoins/day, ongoing if they keep writing at the maximum permissible level of 80,000 words per month) will get less and less in 'real money' terms. Someone starting this game will think that even if they get devcoins at a slow rate initially, if they keep writing the maximum permissible number of words per month (or rather per devcoin block), they will eventually build up a worthwhile income after many months (or devcoin blocks) of writing, but actually the steady devaluation of devcoins relative to BTC/USD means that in 'real money' terms they will never be able to earn more than a trifling amount of real money per month (or per devcoin-block) for the work they do. A brilliant idea which I much admire, but these cryptocurrency wheezes are essentially only good for the inventors, and for a few early adopters. By the way, I have some tulip bulbs to sell if any of you kids are interested.
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Hi I've found devtome credit the words written for them and they do it accurately (rounding the words to the appropriate number of thousands). You'll have to make sure you've submitted any article correctly, creating the appropriate page for it, and listing its link on the devtome homepage and in your profile. The only problem I find with article writing for devtome is that, although you do ultimately get sent the devcoins due to you, they come to you extremely slowly in amounts of 45,000 a time. Bearing in mind you need to receive millions of devcoins to get any significant 'value' (in terms of the amount of US dollars you can exchange them for), the problem is not so much doing the writing necessary to earn them, but rather the rate at which you will receive them. Your effective income is therefore limited by this rather than your ability to do volume article writing. Anyway, all the best to you whether you persist with your article writing or not. pb321go
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Devcoin is the same as any other cryptocurrency in the sense that it's been created specifically so that its 'inventors' can swap it for US dollars from mug 'investors'. (More fool them, bless their little cotton socks.) You can get devcoins for writing articles for devtome.com (a nice gimmick), but instead of being given the devcoins you have earned when they are due to you, the devcoin boys instead give you 45,000 devcoins (worth about $2) a couple of times a day. If earning this sort of money interests you, then the devcoin 'scheme' will interest you. Personally I've just managed to get a job cleaning toilets that pays better money than writing for devtome.
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Actually I prefer ripples to the 'mined for' coins because it seems so quick and easy to deal with them, but I still have a couple of strong doubts about cryptocurrencies, etc, in general. The first is, now and for the foreseeable future, if you want to buy yourself a car or a house or a flight ticket, you still need fiat money - dollars and euros, or in my case roubles and pounds. Also I wonder about the sustainability, the survivability, of all these 'coins'. I just don't believe they can all endure. I don't know why, but I like BTC, LTC, FTC and XRP. Because I enjoy writing, naturally I'm pro-devcoins too. Do we need more coins than this? One final thing. There's supposed to be an XRP giveaway for developers. Anyone know when that is likely to take place?
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I ask this as a genuine question, because my instincts make me suspicious about what I see. Ripples' creators have not yet made their code open source. They still hold almost all the 'pre-mined' (in other word self-created/counterfeited) internet pseudo-currency that they have invented. If you go to Bitstamp, you can get as many ripples as you want if you hand over 'real' money (USD ... and yes, BTC, etc, too which are all ultimately convertible into USD), indicating to me that XRP's creators, whilst producing a 'circuses and bread' effect with their token giveaways, are intent on selling off their pretend-money for as many 'real money' dollars as they can get. The XRP/dollar rate is plummeting, showing that the selling is being ramped up. Of course we all realize the creators of internet-money have the intention of pumping and dumping and getting dollars for the pretend-money they've created, but with XRP it seems to be happening too soon and too quickly, which leads me to believe the overall cryptocurrency Ponzi scheme that we're all engaged in may not last nearly as long as some people might expect. Caveat emptor, as they say. The smart people are selling the currencies they've invented. What are we to think about the people who are buying those eventually worthless 'currencies'?
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Ripples (XRP) are a created/invented currency. i.e. pre-mined, not mined. The people who invented ripples still own pretty much all of them themselves. Are they selling them into the market via people such as Bitstamp in return for 'genuine' money - fiat money such as dollars and euros - that they can actually spend getting what they want out of life? (None of the current cryptocurrencies are much use in the real world as yet, and are broadly only used as tokens for speculating with.) It seems to be taking ripple's creators a long time to 'give away' the money that they've invented, and it's also taking them a long time to make their code open source.
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6pxXspD7WNkM41RYDjPQywX8s2GtVuiAkU Here's to the success of FTC.
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1GKt12oPJqTDHNNiqPTQfRpcQCPoFV76HC
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Many thanks. The devcoins came through. Much appreciated. This is my first experience with devcoins, and I only downloaded the wallet program (is that the right terminology?) today onto my desktop pc. It obviously works. A couple of questions: If I also install the wallet/program on a couple of laptops I use, would they use different devcoin addresses, or would they somehow use the same address I now already have? Secondly, as someone who loves writing, I've registered with devtome.com. I'd love to be able to submit a few thousand words (each month ... each ... what period?) and get devcoins in return. I sent a message to fuzzybear to say I'd registered. Do I now just wait for him (?) to authorize my account so I can then get on with submitting some written work? All the best.
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1LTZ4j8gQa8k8VsgYK76BTeHYUCvuZTQFo
Thanks in advance.
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1BCLJDtMgucGgFE9GxKpeBZ2r1Ho5kuBso
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1BCLJDtMgucGgFE9GxKpeBZ2r1Ho5kuBso
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Perhaps this isn't a scam, but the only thing you need to know about scamming is that people ask you to send them real (fiat) money in return for a promise of something that you want (bitcoins, in this case). Bitcoin seems to attract so many scams that they're becoming predictable and easily identifiable. As for TheBitcoinMarket.com, a mate of mine is also going to create a cheapo website asking fools to send us cash. The first few people who fall for our trick will get bitcoins. They'll give us some positive feedback on bitcointalk, which we'll add to with our own promo messages. Then we'll run the idea like the usual ponzi scheme, eventually doing a runner with the money that the latest batch of fools has sent us. Of course TheBitcoinMarket.com won't be planning to do anything like this.
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Yes, I need some BTC (0.4) for trading. Intended payback is at the end of June. 1CEmTaepBNmFVn347mokdoyVCiZ4XtwU4t
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Does anyone know if there is a ripple/xrp email price alert service, similar to the one provided by bitcoinreminder.com for BTC prices?
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Does anyone know if there is a ripple/xrp email price alert service, similar to the one provided by bitcoinreminder.com for BTC prices?
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I'm a newbie, but surely anyone who wants some crypto-currency should buy it with some other crypto-currency, or some 'conventional' currency, or they should sell something in return for it ... no?
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I'm an absolute beginner at this, so I need to learn the ropes, but does anyone think that Litecoins, being lower-priced, have more 'upside' than Bitcoins, and that Ripples, when they become properly available, will have yet more upside? As another question, if mining is getting ever more difficult and expensive to do, who is actually doing it, and is it really worth their while?
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As an absolute newbie, I took a look at http://forum.bitcoin.org/index.php?topic=7269.0 and found it very useful. I'm intending just to use mtgox and btc-e and not get a separate wallet. Is that a reasonable way of planning to buy/sell/cash in (for USD) Bitcoins?
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I'm new to all this, but I signed up with ripple. Apparently I can't buy any ripples until I get 300 (or more) in my ripple.com account, but I can't see any way of getting those 300. Is it possible for anyone to transfer 300 into my account (however this is done ... I'm not entirely sure)? I guess I'd have to pay for those 300 ripples in some way.
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