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Author Topic: 12 million Devcoins, 48 hour auction  (Read 1152 times)
DiabloD3
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April 24, 2013, 12:11:27 AM
 #1

12 million Devcoins, bids are for entire 12 million

48 hour auction, auction will end April 25th 9PM EDT

Minimum bid increment is 0.5 BTC, starting bid is 28 BTC

Payment will be expected within 24 hours after auction close.

Do not bid if you do not intend to pay, non-payers will be scammer tagged.

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tymm0
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April 24, 2013, 03:49:04 AM
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Would people actually buy them for 28 btc? I didn't know they were worth that much...

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DiabloD3
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April 24, 2013, 03:52:31 AM
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Would people actually buy them for 28 btc? I didn't know they were worth that much...

They're worth quite a lot more than that.

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April 24, 2013, 04:21:59 AM
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Would people actually buy them for 28 btc? I didn't know they were worth that much...

They're worth quite a lot more than that.

What can you do with them ?
DiabloD3
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April 24, 2013, 04:29:19 AM
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Would people actually buy them for 28 btc? I didn't know they were worth that much...

They're worth quite a lot more than that.

What can you do with them ?

Its used as a currency to fund FOSS and large scale projects. Google Devcoin.

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April 24, 2013, 07:47:04 AM
 #6

12 million Devcoins, bids are for entire 12 million

48 hour auction, auction will end April 25th 9PM EDT

Minimum bid increment is 0.5 BTC, starting bid is 28 BTC

Payment will be expected within 24 hours after auction close.

Do not bid if you do not intend to pay, non-payers will be scammer tagged.

Vircurex places a 'now' value on the 12 million right at 26BTC, what makes them worth 'more'?
DiabloD3
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April 24, 2013, 07:49:15 AM
 #7

12 million Devcoins, bids are for entire 12 million

48 hour auction, auction will end April 25th 9PM EDT

Minimum bid increment is 0.5 BTC, starting bid is 28 BTC

Payment will be expected within 24 hours after auction close.

Do not bid if you do not intend to pay, non-payers will be scammer tagged.

Vircurex places a 'now' value on the 12 million right at 26BTC, what makes them worth 'more'?

Most Devcoins exchange hands through auctions like this or just direct sales than through Vircurex.

markm
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April 24, 2013, 07:59:46 AM
 #8

There were wants wanting twelve million or so, but all the offers to sell on Vircurex are only for a hundred thousand or two hundred thousand or so at a time way up to 0.00000250 BTC per coin or so. Past that, each 5 satoshis per coin there is another million waiting to be bought. So yeah if you want to place offers-to-buy and wait and wait and wait while people keep placing better offers above yours one day if someone blindly dumps a lot of DeVCoins you might get lucky but current sell offers seem to indicate people with whole millions to offer want at least 250 satoshis per coin for them.

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April 24, 2013, 08:01:12 AM
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There were wants wanting twelve million or so, but all the offers to sell on Vircurex are only for a hundred thousand or two hundred thousand or so at a time way up to 0.00000250 BTC per coin or so. Past that, each 5 satoshis per coin there is another million waiting to be bought. So yeah if you want to place offers-to-buy and wait and wait and wait while people keep placing better offers above yours one day if someone blindly dumps a lot of DeVCoins you might get lucky but current sell offers seem to indicate people with whole millions to offer want at least 250 satoshis per coin for them.

(And get it... My million at 0.00000250 got bought, my million at 0.00000255 didn't get bought yet.)

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April 24, 2013, 08:03:33 AM
 #10

WTF no edit, no delete? Hmm. Must have hit quote when trying to hit edit.

Oh well.

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DiabloD3
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April 24, 2013, 08:05:09 AM
 #11

people with whole millions to offer want at least 250 satoshis per coin for them.

12 million * 250 satoshis = 30 BTC, or slightly above the starting bid.

DiabloD3
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April 26, 2013, 06:48:56 AM
 #12

Auction has ended. No one bid, someone privately bought them.

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April 26, 2013, 07:41:33 AM
 #13

Auction has ended. No one bid, someone privately bought them.
Your second devcoin wallet?
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