What is your business?

Edit:  On a broader note, is there a directory out there of businesses that accept payment in Devcoin?  If not, can we start one on the Devtome?  It could be set up very similarly to the front page, where one can add a new business to a "latest" section and then admins can categorize them by business type and location.  I'd be happy to help out with the categorizing part.

So I have a math question.  My address shows up 34 times in the receiver file, which corresponds to the number of shares I have.  Each share is supposed to get 140,955 DVC, but 45,000 are generated at each block.  So where would the remaining 95,955 DVC per share come from?  What am I missing?

Edit:  I think this message answers my question, especially this part:

The number of receiver lines will only be known at block 85,000, when the writer earnings are generated and the receiver file is made. Assuming there are 60 receiver lines this round, each line will get a payment every 60 blocks, and on average each line will receive a total of 180,000,000 devcoins / 60 = 3,000,000 devcoins. For example, if someone made four generation shares from the signing bonus, and two for articles, for a total of six shares, they would get six payments every 60 rounds, or an average of a payment every 10 rounds. Their total payment would be on average 6 * 3,000,000 devcoins = 18,000,000 devcoins. Calculated at one payment every ten rounds, that gives the same figure of 4,000 / 10 * 45,000 devcoins = 18,000,000 devcoins.

So... working through it for the current round and the number of shares I have, the paragraph would read something like this:

The number of receiver lines will only be known at block 93,000, when the writer earnings are generated and the receiver file is made. Assuming there are 1277 receiver lines this round, each line will get a payment every 1277 blocks, and on average each line will receive a total of 180,000,000 devcoins / 1277 = 140,995 devcoins. For example, if someone made ... a total of 34 shares, they would get 34 payments every 1277 rounds, or an average of a payment every 37.5588235... rounds. Their total payment would be on average 34 * 140,995 devcoins = 4,793,830 devcoins. Calculated at one payment every 37.5588235... rounds, that gives the same figure of 4,000 / 37.5588235... * 45,000 devcoins = 4,792,482 devcoins.

I'm assuming the discrepancy between the results of the total number of devcoins when the payout generations are all done is due to rounding error--on my calculator the string of numbers after the decimal point went on for quite a while!  Basically, the part I was missing was that the receiver lines repeat themselves for the duration of the 4,000 blocks in which payouts for round 24 are made.

So... once one begins writing for the Devtome, as long as one keeps up the pace month in and month out, it seems to me that payouts happen pretty much continuously.  Is that right?

This is looking better and better.  Who knew story problems could be so much fun?


Now that my client will be generating Devcoins from now on into the foreseeable future, do I need to leave my computer on to pick up my generated DVCs?  Or is it OK to shut it down for the night and pick up everything that got generated overnight in the morning when I turn it back on?  Just to be safe, I'll keep it turned on for now... until I get a reply.

If you are right on that point, then that means that even getting into cryptos as late as I am, in the grand scheme of things I'm still very much an early adopter with a lot of upside ahead of me.

"An orphaned branch of the block chain."  Another new concept for this newbie.  At this point, the meaning is... cryptic!  Yeah, I know no one saw that coming LOL.

Has anyone written an article or made a diagram of the life cycle of a cryptocoin?  If so, I'd like to see it

So I see my first 49000 DVC in my wallet.  It says "matures in 118 more blocks." 

So... my brand new Devcoins have to grow up.  That's pretty cool.  Anything I need to do to feed or water them ?

Seriously, though, what is actually meant by "matures?"

... on the learning curve again

OK, maybe I *don't* understand.  So... what is it about generated coins that makes web-based wallets unable to receive them.  What is it about them that causes the web-based wallets to either not recognize them or reject them?  What do client wallets have that web wallets don't?

I'm looking to be educated here

NOW I understand why we need to use an address from an actual client (as opposed to something web-based)!

Well, I'm happy to share.  I would say it has been a very successful learning experience!  I've actually "earned" rather significantly through the faucet.  I mean sure, it's not the most efficient way (one microbit at a time), but the other methods often require both hands, something that's a bit of a luxury since I have a two month old baby, not to mention the four year old who sometimes wakes him up when he's napping

I'll give it some thought.  What does the Ranlo Foundation do?  I mean besides make the monkey dance?

BTW, when I go thru your faucet rotator, I do input your address from time to time to help keep it alive.  Happy to do it.

Hey, my activity level went up.  Yay!  Small blessings.  Looks like today is going to be a good day

Thanks, everyone.  Looks like I do have a few more blocks to wait out...  My understanding is it takes about ten minutes to get through one block.  Is that correct?  I've never sat there with a timer or anything.

Thanks, weisoq!  I think I can visualize this.  So, is your place in line determined alphabetically?  If that's the case, maybe I'd have done better by choosing Aardvark for a username LOL.  Not that place in line ultimately matters--call it first time jitters

On another note...

It is July 3rd and we have hit block 96,000.  What should I expect in terms of payments for Devtome Round 24?

I'm curious how this all works on the payment end, and admittedly a bit excited too

EDIT:  I understand how payments are figured out.  When will I see them in my wallet?

Cool!  Thanks!

The 20 DVC just might put me over the edge to pick up my third share of DVB--all on faucet earnings :-)

Is the "faucet" the forum thread you referenced, or is there a faucet website?  How often does this faucet pay out?

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22

As far as I can tell, the answer is no.  I mean sure, there are pages on the Devtome (and mixed into many long forum threads) that more or less take you through the process you need to register as a writer and begin contributing content, but as far as an easy to follow nontechnical step by step guide which also includes the overall vision and goals for Devcoin and Devtome, all in one handy article, I haven't seen anything like that yet.  Once I piece it together for myself, I may put something like that together.  All it would really take (other than my own experience of the process) is some phone time with the developers, me asking some open ended questions, then listening and taking notes.

I'm finding that those who develop cryptocoins are very good with programming and computer technical stuff, but not so good at putting all that into writing.  On the other hand, I haven't thoroughly explored every corner.

We nontechnical writers can have a role to play in bringing this out of the geek rafters and into ordinary people's everyday life... once we ourselves can wrap our heads around it

I agree that often competition does produce the best solutions.  I just know that I am not going to enjoy spending time composing an answer only to come in second place and get nothing for my efforts.  So I probably won't be participating if that's the case with your site.  But I definitely hope it's successful for you

Thanks!

I was thinking the same thing when I came across this post.  Since so many people here are mathematically oriented and have their own ways of looking at various metrics to determine how they want to approach another forum member for a possible business deal or simply to determine how much stock should be put in what that member says, why not just display all the metrics by the user's name?  Better yet, why not give each user an option to select exactly which metrics they want to see by everyone else's name (if that's possible)? 

Then all the technical people can apply whatever formula they want taking whichever metrics they consider important into account.

For us nontechnical people, I think the ability to view other members' posts is helpful.  Also, it would be cool to have a feedback system like eBay where people can leave positive or negative comments about their experience with other users in one easy to find place that other users can peruse. 

In other words, forget rank, status, titles, or anything like that.  Just provide the ability to display all possible information pertaining to forum activity for each user in an easy to read, accessible place, and let us draw our own conclusions.

Personally, at this point I couldn't care less what my status here is.  I only post when I feel like I have something to say regardless of what incentives to post may or may not exist.  But if I ever do decide to do business here, then yes, I would like to make it easy for potential clients to get to know me better, and to consider whatever metrics they find important.

As long as the moderators do want to try to compile forum presence/activity into a formula, at the very least change up the formula from time to time just to mess with the scammers' and gamers' brains.  Make it clear that putting a lot of effort into trying to game the current system will not necessarily pay off in the near or distant future.