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Author Topic: [DVC]DevCoin - Official Thread - Moderated  (Read 939645 times)
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shakezula
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October 01, 2013, 03:28:05 PM
 #1501

You have to start somewhere.  Of course he's going to trade out his Devcoins... until someone else opens up a shop with a product or service he would want to spend them on.  Why don't you call him up and ask him what he would like to buy with his Devcoins?

Too bad buying from iGotSpots isn't a hedge against dumping--what do you think he's going to do with those DVC? Keep them because he 'cares' about the cause? Wrong. He's going to dump them on Cryptsy or Vircurex and take his BTC from them because he's got to pay the bills.

His metals for crypto business is great on the surface--if you feel like paying more than market value for little bits of metals. As a hedge against DVC (or any other coins) its not sustainable, as he raises and lowers the price (and market padding) daily depending on what he can trade out the coins for. Just food for thought...

Oh, I wasn't disagreeing, just playing devil's advocate. I too have begun offering items for sale via DVC and I too would cash some out if I needed to. Any more places to spend DVC are good, I just don't want anyone to waste their efforts laboring under the false pretenses.
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October 01, 2013, 03:33:54 PM
 #1502

That's too much. I plan on opening a silver shop that can guarantee purity, and it won't cost $70 an oz. I'd just wait for that, or team up with me.

Fin, have you ever sold silver before?  If you deal in physical silver, there's no way around marking it up, because you have to consider your replacement cost, and some profit for you.  You're already dealing with a very volatile market (silver spot price can fluctuate wildly) which makes it risky to keep any inventory on hand.  When you add taking Devcoins for it, then you're adding another fluctuating market (which at this point trends downward) on top of that.  So unless you want to sell at a loss, you are going to have to either sell in bulk (thousands of ounces a day), or you have to mark up over spot price substantially.  And after all that you will run into customers who want to insist that you give it away for a buck or two over spot, and once you try to sell it, you learn very quickly why that is not reasonable unless that customer is willing to buy 1000 ounces at once, and even then, only if you have a supplier who is willing to sell to you at 75c over spot.

Oh, I wasn't disagreeing, just playing devil's advocate. I too have begun offering items for sale via DVC and I too would cash some out if I needed to. Any more places to spend DVC are good, I just don't want anyone to waste their efforts laboring under the false pretenses.

Until the circle closes, where everyone with Devcoins has a place to spend them, and probably for some time after that, there will be holes where people have to trade out Devcoins, and people have to hedge against their potential losses.  I think it works best in the long run if people buy things based on wanting what's for sale rather than out of altruism, although I might bend that with the silver--it's really not that much of a markup when you consider all the things that go into selling silver--and as one who has sold silver and who isn't prepared to offer it for Devcoins at this point (too much risk and I'm too small), I appreciate that this dealer offering it for Devcoins is taking a big risk, and I do think in this case it's worth paying a bit more for my silver to help make it pay off for him.  I'd very much like to see him offering silver for Devcoins next month too.  He said October was a trial period.

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October 01, 2013, 04:20:41 PM
 #1503

That's too much. I plan on opening a silver shop that can guarantee purity, and it won't cost $70 an oz. I'd just wait for that, or team up with me.

Fin, have you ever sold silver before?  If you deal in physical silver, there's no way around marking it up, because you have to consider your replacement cost, and some profit for you.  You're already dealing with a very volatile market (silver spot price can fluctuate wildly) which makes it risky to keep any inventory on hand.  When you add taking Devcoins for it, then you're adding another fluctuating market (which at this point trends downward) on top of that.  So unless you want to sell at a loss, you are going to have to either sell in bulk (thousands of ounces a day), or you have to mark up over spot price substantially.  And after all that you will run into customers who want to insist that you give it away for a buck or two over spot, and once you try to sell it, you learn very quickly why that is not reasonable unless that customer is willing to buy 1000 ounces at once, and even then, only if you have a supplier who is willing to sell to you at 75c over spot.

Oh, I wasn't disagreeing, just playing devil's advocate. I too have begun offering items for sale via DVC and I too would cash some out if I needed to. Any more places to spend DVC are good, I just don't want anyone to waste their efforts laboring under the false pretenses.

Until the circle closes, where everyone with Devcoins has a place to spend them, and probably for some time after that, there will be holes where people have to trade out Devcoins, and people have to hedge against their potential losses.  I think it works best in the long run if people buy things based on wanting what's for sale rather than out of altruism, although I might bend that with the silver--it's really not that much of a markup when you consider all the things that go into selling silver--and as one who has sold silver and who isn't prepared to offer it for Devcoins at this point (too much risk and I'm too small), I appreciate that this dealer offering it for Devcoins is taking a big risk, and I do think in this case it's worth paying a bit more for my silver to help make it pay off for him.  I'd very much like to see him offering silver for Devcoins next month too.  He said October was a trial period.

1. I have dealt in measurements

2. I know I will have to mark it up (compared to what I pay), but it will not be 2x + The regular price at the time.

3. I don't feel like reading a block of text where the beginning had 2 such unfounded arguments.

If everyone is thinking outside the box, there is a new box.
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October 01, 2013, 05:28:47 PM
 #1504

Devtome looks the same as it did when I checked a few days ago.  Sad

Any progress to report?  Smiley

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October 01, 2013, 06:10:34 PM
 #1505

1. I have dealt in measurements

2. I know I will have to mark it up (compared to what I pay), but it will not be 2x + The regular price at the time.

3. I don't feel like reading a block of text where the beginning had 2 such unfounded arguments.

Good luck Smiley

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October 01, 2013, 06:45:40 PM
 #1506

We only make about 5% on a single coin being ordered. We work on percentages not dollars

The packages are insured and shipping is a flat rate

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October 01, 2013, 06:47:58 PM
 #1507

I'm also not sure where you guys are getting $70 or even $50 per ounce

The silver is $37 per ounce and that includes shipping...coinpayments updates automatically to the market price, it's not like I have anything to do with it. Like I said, it's all percentages and it's a constant. That doesn't change

http://www.igotspots.com/walkingliberty.html

Nowhere does it say $50 or $70...

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October 01, 2013, 06:59:03 PM
 #1508

When the spam accounts were deleted, most of the users were accidentally deleted, including all of the admins. We just found out how to get back into devtome. Accounts will have to be restored manually. If you can not login to devtome, please message your sign up admin, if your name starts with A-F, please message FuzzyBear, if your name starts with G-O message Wiser, and if your name starts with P-Z message Worldinacoin. You should include your email address, but not your old password.

They'll restore your account, and send you a new password. Then you should login, and change your password to what it was.

Because the sign up admins will get many messages, it may be a while before they can get around to restoring your account.

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October 01, 2013, 07:04:29 PM
 #1509

I'm also not sure where you guys are getting $70 or even $50 per ounce

The silver is $37 per ounce and that includes shipping...coinpayments updates automatically to the market price, it's not like I have anything to do with it. Like I said, it's all percentages and it's a constant. That doesn't change

http://www.igotspots.com/walkingliberty.html

Nowhere does it say $50 or $70...

I was using the price that Notabot said he paid for an ounce times the price of Devcoins which this morning was 40 sat, then multiplying that by the Mt. Gox price for Bitcoin (which I know is higher than it should be).  In my estimation, I still thought it was a good deal, even at $50, but if my math was wrong, then definitely set the record straight Smiley

You have my kudos for offering silver for Devcoins.  I hope you get lots and lots of business, and that this works out really well for you Smiley

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October 01, 2013, 07:13:14 PM
 #1510

When the spam accounts were deleted, most of the users were accidentally deleted, including all of the admins. We just found out how to get back into devtome. Accounts will have to be restored manually. If you can not login to devtome, please message your sign up admin, if your name starts with A-F, please message FuzzyBear, if your name starts with G-O message Wiser, and if your name starts with P-Z message Worldinacoin. You should include your email address, but not your old password.

They'll restore your account, and send you a new password. Then you should login, and change your password to what it was.

Because the sign up admins will get many messages, it may be a while before they can get around to restoring your account.

Great news!! Well, not about everyone getting deleted. Cheesy Hopefully we can start getting back in.
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October 01, 2013, 07:28:21 PM
 #1511

Great news!! Well, not about everyone getting deleted. Cheesy Hopefully we can start getting back in.

It will happen.  Thanks everyone in advance for your patience as we work through this part.  So nice to have an update Smiley

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October 01, 2013, 09:48:29 PM
 #1512

Well, pretty much missed out on this round, but it's good to be back!  Cheesy
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October 01, 2013, 09:52:58 PM
 #1513

Well, pretty much missed out on this round, but it's good to be back!  Cheesy

Actually, round 28 doesn't close until block 109,300 so you have another week or so.  But, round 26 just finished paying out and now round 27 has begun paying out.  That transition took place at 108,000.  I know it's confusing, but it will make sense soon enough.  You do have another week or so to take a shot at getting paid out in round 28 Smiley

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October 02, 2013, 01:01:59 AM
Last edit: October 02, 2013, 01:38:55 AM by FuzzyBear
 #1514

Hello everyone,

Just to say I have created all the accounts for people on the receiver 27 list from A-F usernames and have messaged each user here.  However there were a few users who have different usernames on devtome and bitcointalk, so if you see your name here please PM me and then I can give you your password to access your devtome account

CaramelSunshine
Devguy
Eeharris

I have asked unthinkingbit for full list of users so I can activate other people's accounts who are G-Z usernames, but at the moment I will not as I don't want to activate just anyones account.  Sorry some people I know, but others I do not and hope you understand... if you were on the receiver file for round 26 then PM me your details with the link to proof of your name on the file and I will actiavte these peoples accounts.  I understand some people are keen to get back and write and just trying to do my part to help speed up the process

FuzzyBear

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October 02, 2013, 02:07:42 AM
 #1515

I have a list too, but I am only creating new accounts for people who PM me.  So... if your username starts with G-O, then please message me and I will work my admin magic Smiley

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October 02, 2013, 08:02:03 PM
 #1516

Writing articles for devcoins is just great, you should try it too. Smiley
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October 02, 2013, 10:03:19 PM
 #1517

Hello everyone,

Just to say I have created all the accounts for people on the receiver 27 list from A-F usernames and have messaged each user here.  However there were a few users who have different usernames on devtome and bitcointalk, so if you see your name here please PM me and then I can give you your password to access your devtome account

CaramelSunshine
Devguy
Eeharris

I have asked unthinkingbit for full list of users so I can activate other people's accounts who are G-Z usernames, but at the moment I will not as I don't want to activate just anyones account.  Sorry some people I know, but others I do not and hope you understand... if you were on the receiver file for round 26 then PM me your details with the link to proof of your name on the file and I will actiavte these peoples accounts.  I understand some people are keen to get back and write and just trying to do my part to help speed up the process

FuzzyBear

Thanks!  If you have not could you please activate me?  My username is the same for both devtome and bitcointalk.

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BTC: 1JH2jybjWruvDD23wSe5PCY9Epmr45u6nQ - DVC: 1SMEAGqpm9JSpJ6JZaM5dEBptPTNahpFa - Earn Devcoins by Writing | Devcoin Official Site  | SAT
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October 02, 2013, 11:38:22 PM
 #1518

I have some bounty updates!

...
The silver is $37 per ounce and that includes shipping...coinpayments updates automatically to the market price, it's not like I have anything to do with it. Like I said, it's all percentages and it's a constant. That doesn't change

http://www.igotspots.com/walkingliberty.html
...

The bounty for a non-mining devcoin business is three generation shares, so iGotSpots receives a three share bounty.
Non Mining Business Bounty

I just bought a one ounce silver eagle with devcoins from http://www.igotspots.com/silver.html
...

For being the first to make an informative post about the devcoin-accepting "iGotSpots" Precious Metals crypto store, notabot receives a two shares as a bounty.
Post Bounty

  BITMIXER.IO   High Volume Bitcoin MIXER  
BTC: 1JH2jybjWruvDD23wSe5PCY9Epmr45u6nQ - DVC: 1SMEAGqpm9JSpJ6JZaM5dEBptPTNahpFa - Earn Devcoins by Writing | Devcoin Official Site  | SAT
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October 03, 2013, 12:06:41 AM
 #1519

I'm also not sure where you guys are getting $70 or even $50 per ounce

The silver is $37 per ounce and that includes shipping...coinpayments updates automatically to the market price, it's not like I have anything to do with it. Like I said, it's all percentages and it's a constant. That doesn't change

http://www.igotspots.com/walkingliberty.html

Nowhere does it say $50 or $70...

I was using the price that Notabot said he paid for an ounce times the price of Devcoins

I was doing the same, I just did more of an estimate, that's the only reason I said 70.

If everyone is thinking outside the box, there is a new box.
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October 07, 2013, 01:54:40 PM
 #1520

One of the best alternate cryptocurrencies. Smiley
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