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Yeah, I view the system as kind of flawed in this perspective. For each new person we bring on board, our earnings decrease. It's counter-productive to recruit because of that. For example:
We each write 1k words. We have 10 people. Each share is then 10% of the total (18m).
We each write 1k words. We brought on 10 more people. Each share is then 5% of the total (9m).
The more people we bring on, the more work it takes each person in order to keep equal with their past earnings, :p.
The more people we bring in, the more devcoin is worth, because the worth of a coin network increases in proportion to a power of the number of users. According to Metcalfe's Law: http://en.wikipedia.org/wiki/Metcalfe%27s_lawit is according to the square of users. Although that's not a precise law, the power is certainly higher than one. In the case of devcoin, the more writers we have the higher our page rank, the more people know about the coin and the more businesses we have, which increases the coin value faster than the number of writers. Lately the value has been low, but that's from the whim of the market, if we had fewer writers, the price would be even lower. In other words, more writers means more shares, but each share is worth more. I think that we should delay payouts even longer so they can be more valuable to writers, rather than just selling as soon as they land it the wallet. The longer people have to wait, the more they will say, "savor" their payout and the less likely to sell! Also recruiting is good too. The smaller the share, the harder you need to work for the same payout. As seen in this "quotable quote." “The longer you have to wait for something, the more you will appreciate it when it finally arrives. The harder you have to fight for something, the more priceless it will become once you achieve it. And the more pain you have to endure on your journey, the sweeter the arrival at your destination. All good things are worth waiting for and worth fighting for.”-Susan Gale |
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I don't have enough devtome earnings to exchange to bitcoin at the moment (I don't really feel like selling DVC either!)
To start a devcoin business, it's ok to sell whatever devcoins you have to. as I am a new writer, so I'll probably keep lower denominations, maybe going as high as 40$-50$. I'll keep that in mind though! For now I shall continue writing to get those denominations.
If you don't have enough money to buy high denomination cards, then to start the business, waive the fee for the first few customers, because people don't want to pay a fee of around twenty percent. Once you've sold a card, and someone writes a post that they bought one, then you'll get the bounty and will have enough money to buy big cards, and you can put reasonable fees on those cards. All: If you aren't able to reach the site, my hosting provider is getting DDoSed (apparently over 3 gigabytes of traffic, their firewall could not handle it). It should be fine in about 6 hours or so. Thank you! Unthinkingbit: I will put up a coupon code page in which there is no extra fee once I can access the server. |
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Speaking of adding sites, I was thinking about making a store for DVC and BTC. (Probably LTC, too.)
Most likely a pantry like store. (Sweets, candy, pastries, packaged food, etc.)
Would you guys shop there?
Sounds like a great idea! Will you carry sea salt caramels?  I don't know. As soon as I get my Devcoin, I'm just going to buy a lot of candy and snakes. (Chips, cookies, etc.) If I don't get sea salt caramels then, I'd get them when the site launches (Which would take some time to get the license.). Business license? Is devcoin income taxable? |
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Speaking of adding sites, I was thinking about making a store for DVC and BTC. (Probably LTC, too.)
Most likely a pantry like store. (Sweets, candy, pastries, packaged food, etc.)
Would you guys shop there?
Sounds like a great idea! Will you carry sea salt caramels? |
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This looks nice. May I join? 1v.io/smeagol is my inputs url. My address is 1GGqLPJZ1apckPgSbzb1zdKFbKQFihBZPr Thanks TF! Edit: by the way, is my signature acceptable? It has other things on it. Edit 2: Since I started today, my term is scheduled to end on September 4th. By the way, is it paid based on posts today or posts at the end of the cycle? I am just quoting to remember, thanks! |
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60 million DVC bought up today, price down to 34 sat. I have the feeling we're going to see a pump soon...
Yeah! And with your newfound wealth you can stop by http://dvc4giftcards.us/!  |
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I like the website as it's good for those who want to cash out. But at $1 cards for $1.95, and $2 cards for $2.95, the charges seem a bit excessive. Why not offer a $10 card for $10.95? That would be a more attractive option for cashing out, and you still get $0.95
Just asking
I changed it to $10 gift card for $11.95. I got more $1 gift cards, I'll lower the price to $1 cards for $1.15 Edit: the $10 gift card image is $2, don't worry, I am changing it and you still will get a $10 GC Thanks for boosting the card value, please make some still higher denominations. At: http://giftcardbtc.com/the denominations are 25$, 50$, and 100$. Those denominations bring the percentage cost down to a reasonable level. I don't have enough devtome earnings to exchange to bitcoin at the moment (I don't really feel like selling DVC either!) as I am a new writer, so I'll probably keep lower denominations, maybe going as high as 40$-50$. I'll keep that in mind though! For now I shall continue writing to get those denominations. |
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EDIT:
dvc-amzn.us is being phased out. You probably will be still able to access it for the next 12-14 hours or so.
I've registered dvc4giftcards.us which is the new site.
Check it out now!
I like the website as it's good for those who want to cash out. But at $1 cards for $1.95, and $2 cards for $2.95, the charges seem a bit excessive. Why not offer a $10 card for $10.95? That would be a more attractive option for cashing out, and you still get $0.95 Just asking I changed it to $10 gift card for $11.95. I got more $1 gift cards, I'll lower the price to $1 cards for $1.15 Edit: the $10 gift card image is $2, don't worry, I am changing it and you still will get a $10 GC |
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EDIT:
dvc-amzn.us is being phased out. You probably will be still able to access it for the next 12-14 hours or so.
I've registered dvc4giftcards.us which is the new site.
Check it out now!
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You mean like this? Matthew:out May I be a contributor? My username is Smeagol-Gollum on github. Edit: I submitted a couple of pull requests, you should see me now! Merged. Matthew:out Seriously, forum? I post three times in a row and it still doesn't accept the post  I will download the repo and do a find and replace from bitcoin to parabola Hmm. I tried to submit a pull request to merge but instead I just forked it onto my account. (here: https://github.com/Smeagol-Gollum/parabola) All the names are changed. If you can, please download the .zip and add it to your repository! I don't know how to merge them. |
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Amazon.com Gift Cards never expire and carry no fees.
- Redeemable towards millions of items store-wide at Amazon.com (Will only work Amazon.com)
- To redeem: Visit www.amazon.com/gc and click "Redeem Amazon Gift Cards" or "Apply to account" linksPrice: 0.85 BTC Escrow? |
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You mean like this? Matthew:out May I be a contributor? My username is Smeagol-Gollum on github. Edit: I submitted a couple of pull requests, you should see me now! Merged. Matthew:out Seriously, forum? I post three times in a row and it still doesn't accept the post I will download the repo and do a find and replace from bitcoin to parabola |
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I am opening an Amazon Gift Card Store for Devcoin. At the moment, I am thinking about selling $1 gift card demoninations for a pilot program. Would you guys still be interested in this?
Update! I have purchased the domain dvc-amzn.us and am using CoinPayments, accepting ONLY devcoins. Should be up in 24-48 hours, stay tuned! I wonder how long it will take for you to get a cease and desist letter. For copyright infringement? My two cents, try not to get domains similar to that of major brands and selling similar things, it is a good way to start a collection of legal letters. How do other btc-amazon sites work? (I saw a visa4crypto.com site) That site is selling a visa product so it's no big deal for them to use the name "visa" in their domain name. If you're using "amzn" in your title then you're poaching amazon customers. Amzn is actually amazon's stock ticker symbol as well so I really don't see how anyone would get away with this for more than a week or two. Why spend time and money on a site that's gonna get shut down? Any other site suggestions then? Such as dvc4amazon? Would that work? Thanks for the info |
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I am opening an Amazon Gift Card Store for Devcoin. At the moment, I am thinking about selling $1 gift card demoninations for a pilot program. Would you guys still be interested in this?
Update! I have purchased the domain dvc-amzn.us and am using CoinPayments, accepting ONLY devcoins. Should be up in 24-48 hours, stay tuned! I wonder how long it will take for you to get a cease and desist letter. For copyright infringement? My two cents, try not to get domains similar to that of major brands and selling similar things, it is a good way to start a collection of legal letters. How do other btc-amazon sites work? (I saw a visa4crypto.com site) |
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You mean like this? Matthew:out May I be a contributor? My username is Smeagol-Gollum on github. Edit: I submitted a couple of pull requests, you should see me now! |
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I am opening an Amazon Gift Card Store for Devcoin. At the moment, I am thinking about selling $1 gift card demoninations for a pilot program. Would you guys still be interested in this?
Update! I have purchased the domain dvc-amzn.us and am using CoinPayments, accepting ONLY devcoins. Should be up in 24-48 hours, stay tuned! I wonder how long it will take for you to get a cease and desist letter. For copyright infringement? |
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I am opening an Amazon Gift Card Store for Devcoin. At the moment, I am thinking about selling $1 gift card demoninations for a pilot program. Would you guys still be interested in this?
Update! I have purchased the domain dvc-amzn.us and am using CoinPayments, accepting ONLY devcoins. Should be up in 24-48 hours, stay tuned! |
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I am opening an Amazon Gift Card Store for Devcoin. At the moment, I am thinking about selling $1 gift card demoninations for a pilot program. Would you guys still be interested in this.
Thanks
Also, I haven't been checking for a while. What's the current DVC price? (In sats)
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Well that would certainly be an issue , let me check it out ....
This may be a bit late, but scrypt-salsa is different from Jane and regular scrypt in what ways? |
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