mprep
Global Moderator
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Activity: 3752
Merit: 2607
In a world of peaches, don't ask for apple sauce
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June 13, 2013, 09:54:01 PM |
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I'm confused...  |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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owsleybeatsbigcartel
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Activity: 28
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June 13, 2013, 10:03:25 PM |
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I'm confused... ME TOO |
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supermono
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June 15, 2013, 06:46:41 AM |
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I like Devcoin. It is my third favorite coin after Bitcoin and Litecoin, and (as far as I know) these are also the only three coins that the cryptocoin securities markets currently deal with. In the case of Devcoin, there are currently four assets on Cryptostocks priced in DVC (Devcoin Bounty, a DVC Pyramining proxy, a DVC investment bond, and a Asicminer passthrough). I think Devcoin has a potential niche as a cheaper coin for lower-value transactions (sort of like what Feathercoin seems to be trying to do), and among the developer etc. community. Due to the potential for using bounties for purposes beneficial to society, it might appeal to ex-Freicoin users. It would be nice if they removed the word 'Bitcoin' (and Bitcoin symbol) from their client and replaced them with the word 'Devcoin' and Devcoin symbol though, as well as tried to get more merchants etc. to accept Devcoin.
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hereis
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Activity: 16
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June 15, 2013, 08:08:00 AM |
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UP!
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mikaelh
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June 15, 2013, 08:55:44 AM |
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Devcoin is merged mined with Bitcoin. Most of the minted coins are sent to the Devcoin admins who hand them out to people.
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mikaelh
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June 15, 2013, 09:07:33 AM |
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i read up on devcoin now, but confused. Devcoin creation never stops? No matter wat, new coins are always created? So its inflation coin, and all the coins are decreasing in value on every block? Am I wrong? I think not.
That's correct. There's no limit on how many coins will be issued. The supply will be steady for as long as people keep mining them. |
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FinShaggy
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Activity: 196
Merit: 100
Google/YouTube
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June 15, 2013, 04:03:38 PM |
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i read up on devcoin now, but confused. Devcoin creation never stops? No matter wat, new coins are always created? So its inflation coin, and all the coins are decreasing in value on every block? Am I wrong? I think not.
That's correct. There's no limit on how many coins will be issued. The supply will be steady for as long as people keep mining them. But it does not lower the value of the coins. The coins value are based on projects it completes. Look up "devcoin boutnies" on Google. |
If everyone is thinking outside the box, there is a new box.
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FinShaggy
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Activity: 196
Merit: 100
Google/YouTube
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June 21, 2013, 04:17:24 PM |
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i read up on devcoin now, but confused. Devcoin creation never stops? No matter wat, new coins are always created? So its inflation coin, and all the coins are decreasing in value on every block? Am I wrong? I think not.
That's correct. There's no limit on how many coins will be issued. The supply will be steady for as long as people keep mining them. But it does not lower the value of the coins. The coins value are based on projects it completes. Look up "devcoin boutnies" on Google. Huh? Sorry, I don't get it. I thought value is based on the market prices to sell for bitcoins or dollars? Well yes it is based on market price, but if Devcoin starts selling new age rocket fuel, all the sudden the coins will be worth a lot more. |
If everyone is thinking outside the box, there is a new box.
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FinShaggy
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Activity: 196
Merit: 100
Google/YouTube
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June 22, 2013, 05:10:07 PM |
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If everyone is thinking outside the box, there is a new box.
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FinShaggy
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Activity: 196
Merit: 100
Google/YouTube
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June 23, 2013, 08:09:10 PM |
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If Devcoin/Devtome has changed your life, or even just slightly increased your standard of living, please share about it here. We need stories of faith, hope, and redemption brought on by Devcoin. Or even just "I got some coins and bought a new miner". https://bitcointalk.org/index.php?topic=241403.msg2559227#msg2559227 |
If everyone is thinking outside the box, there is a new box.
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BitPlus
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Activity: 50
Merit: 0
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June 26, 2013, 06:14:43 PM |
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dev is a good coin
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