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Author Topic: [DVC]DevCoin - Official Thread - Moderated  (Read 661212 times)
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markm
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November 16, 2013, 03:56:05 AM
 #2061

Well if these activists who are posting arrived as authors, which I suspect a lot of them did, it seems maybe the pay per 1000 words campaign did accomplish something useful, regardless of whether Devtome rakes in any or more advertising revenue or not. Smiley

I think some of outr admins arrived as writers too. So whatever happens I suspect the paying for articles concept has been useful.

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November 16, 2013, 05:16:15 AM
 #2062

If any changes are going to be discussed for devcoin, I have a few suggestions.

First it appears that writers are bringing the price down, but that is not the big picture. Public relations is what devcoin needs. Other coins have articles and press releases, but devcoin is absent in that regard. Daily I check coindesk.com and phone  apps that provide cryprocurrency news feeds, and I’m sure others reading this do the same.

Devcoin was for developers, that’s how it got its name. It was decided to open it to writers and that’s a good thing also. It’s empowering to those individuals who are able to earn cyrptocurrency for their efforts. But for the person who is considering investing in devcoin as they believe in it, or believe it will increase in value, that confidence does not exist. I suspect that the price is propped up by a few individuals and while that is a noble purpose, it is an unfair burden. The devcoin community should be making this self sustaining by taking an active interest in the profile of this coin. But it needs to be done professionally.

If devcoin was restructured to award developers more, and I do support that, it would be a great opportunity to exploit for public relations, if combined with recognition of past bounties that benefit the entire crypto community, and with new proposed bounties that would provide value to, again, the entire crytpro community. Public relations is the key to gaining value in devcoin, not by just providing a greater percentage to developers. Developers dump coins too. The value comes from making the public aware of what devcoin does.

If Public Relations should become a goal, which I think it should, then bounties could be created to achieve those goals. Writers could compete in contests to word the press releases, and with there being several categories, and alternate articles that could be used. An article can only be used once, so several would be needed. We would require local, national, and international press releases. In this case, if there is a restructure, the developers and the writers are now working together towards a common goal. A bounty could be given to writers who have their press releases used (after the publication) and bounties given to those who get the article on main stream sites.

The renewed recognition of developers (which is where this coins name comes from), with the harnessing of writers towards common goals of devcoin publicity, in combination with visible public relations, could take this coin to new highs. Devcoin is an innovation and many forget that. It pays people for their efforts at no additional computational expense as its merge mined. The use of Receiver Files is a also cyrptocurrency first.  We have the developers to thank for that. I for one am grateful each time I start my wallet and the coins add up!

Devtome is supposed to become self sustaining but it’s not. Why? Because there isn’t enough traffic to reach the minimum amount for advertisers. I’m spending my own money right now to drive traffic there. Why don’t other writers do this? It increases your word count. This is another example of a common goal that directly benefits the recipients that is not being acted upon. Socal media only accounted for 1,450 hits last round and now that facebook is not accepting Devtome links, you can expect that to drop significantly.





I completely agree this is why I asked my friend whos majoring in communication to come help. Obviously making a change such as this is like saying hey you know ehat Devcoin has arrived and has made exciting new changes.. click here to see what they are and how they may benefit you in the crypto-community.

What you said resonates with me because we need to drive traffic to the informative pages which describe the project. As soon as people realize the goals of the project it will take off. The
bounties are a technical manor to achieve self- sustainability but we need to approach this the right way.

So what was the voting thing about among admins? When changes to the src are made they are voted in aswell as new admins etc or appeals. This all comes down to UnthinkingBit? Thought it was supposed to be a community consesus approach for decisions like that?

Ive reached out to him already so maybe he can bless us with input or maybe direction because I think we can all agree that a change is needed and more incentive towards
bounties need to be put in place. We have people who can write so lets use that. Instead of writing about anything lets get some work done in areas that are needed.

Devtome is great and a driving force in this community but as they dump the price has fallin to its historical low. If price is double what it is which would take only a few btc then the writers would get just as much and less likely to dump because they feel its more precious. The bounties must be the driver for growth.

Bounty payments to devs can be done over time like I explained to avoid them from writing bad code that doesnt work over time. That also avoids big dumps. So I think with those changes it should have an immediate affect on price.

Regarding marketing to bring people into bounties or devtome or whatever if we use the same number of shares today but divide up among thosr ads that actually got signups or another favourable outcome then we can create incentive for people to put up quality ads instead of not caring how many clicks or views they get. Right now I think if you put up an ad you get a porion of the shares in marketing. If all those people were paid based on a criteria not only woulf a few be paid more but it will drive in more quality advertisement since each signup would bring in more coins than a gauranteed share allocation for anyone. So if only one person signs up as a result of clicking on an ad that Advertiser would get the entire share of marketing generation.

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
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For more visit Syscoin.org  ★☆★
matt608
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November 16, 2013, 08:58:48 AM
 #2063

 All the alts have been going down against bitcoin.  DVC is doing fine in terms of DVC/fiat. 

       ▄██▄
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.HydroMiner
~~~~~~~~~~~~
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.Green Mining with Hydro Power
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koguma
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November 16, 2013, 03:08:14 PM
 #2064

Hola!

  So, I'm building the devcoind daemon on Linux, and I see at least three different source repositories being mentioned.  I took a look through all three and here they are, ordered by most recent commits.  Which one(s) are official?


The third one is really only mentioned because I'm pretty sure I got the link from an official source.  The first two links are pointed to from here or devtome.  I'm going with the first link above, but would sure like to know if it's the official, legit source.

Thanks!
Koguma

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November 16, 2013, 06:27:43 PM
 #2065

this is a self-publishing site for e-books as well.
any business offer for them?
http://www.smashwords.com
also http://www.lulu.com/

XRP:  rNnou9B7snYUPPQdH9KP4D9JQ7EJXTKN4G
BTC:  1ELy69CQ8u77qYvjgfZBFxcyNNyrtcQFFR
I wrote already to BTC-e, Mtgox support to add DVC (again). you all should write them too, let our voices be heard:
 http://hdbtce.kayako.com/
and also Mtgox:
https://twitter.com/MtGox
https://support.mtgox.com/home
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November 16, 2013, 06:30:34 PM
 #2066

Hola!

  So, I'm building the devcoind daemon on Linux, and I see at least three different source repositories being mentioned.  I took a look through all three and here they are, ordered by most recent commits.  Which one(s) are official?


The third one is really only mentioned because I'm pretty sure I got the link from an official source.  The first two links are pointed to from here or devtome.  I'm going with the first link above, but would sure like to know if it's the official, legit source.

Thanks!
Koguma

Looks like latest one is prob the one with last changes 3 months but I cant confirm.

Have you tried the linux daemon available?

http://www.devtome.com/doku.php?id=devcoin#linux

Both 32 bit and 64 bit already built.

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
best_btc
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November 16, 2013, 07:48:35 PM
 #2067

please everyone fill out the btcchina poll, and specifically to answer on question 7. - other: add DVCdevcoin (and do me a favour and write ltc and xrp as well).
it is their platform to get in the needs of the people, so let them show some DVC love!
http://translate.google.hu/translate?sl=zh-CN&tl=hu&js=n&prev=_t&hl=hu&ie=UTF-8&u=http%3A%2F%2Fwww.sojump.com%2Fjq%2F2849717.aspx

XRP:  rNnou9B7snYUPPQdH9KP4D9JQ7EJXTKN4G
BTC:  1ELy69CQ8u77qYvjgfZBFxcyNNyrtcQFFR
I wrote already to BTC-e, Mtgox support to add DVC (again). you all should write them too, let our voices be heard:
 http://hdbtce.kayako.com/
and also Mtgox:
https://twitter.com/MtGox
https://support.mtgox.com/home
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November 16, 2013, 10:03:44 PM
 #2068

please everyone fill out the btcchina poll, and specifically to answer on question 7. - other: add DVCdevcoin (and do me a favour and write ltc and xrp as well).
it is their platform to get in the needs of the people, so let them show some DVC love!
http://translate.google.hu/translate?sl=zh-CN&tl=hu&js=n&prev=_t&hl=hu&ie=UTF-8&u=http%3A%2F%2Fwww.sojump.com%2Fjq%2F2849717.aspx
done. however, i think most likely, they will just add LTC at most, since that's what some of the other Chinese exchanges have done. i imagine they do what they perceive there is demand for. but, hoping for the best! Smiley
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November 17, 2013, 12:56:11 AM
 #2069

...Devtome is great and a driving force in this community but as they dump the price has fallin to its historical low. If price is double what it is which would take only a few btc then the writers would get just as much and less likely to dump because they feel its more precious. The bounties must be the driver for growth...
As you know I agree with the general thrust of your ideas, and some of the related suggestions of others. I've also made similar points, as have others. But nothing is done, changed or progressed and I appreciate that others with prospective projects or efforts pertaining to dvc developments increasingly have little incentive to work on them as potential rewards risk dwindling to nothing. This choice to maintain an sub-effective yet potentially brilliant system makes no sense to me.

So I have to assume such choices of mass inertia are either because the current scheme suits more people than it doesn't or more simply unthinkingbit for whatever reason wants it to remain as it is. Speaking personally it's becoming increasingly frustrating and pointless to pursue efforts for a project apparently determined by a process of centralised control (as is the prerogative I suppose, even if it completely conflicts with the decentralised concept) yet with little corresponding communication of ideas, let alone addressing or actioning broader concerns.

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November 17, 2013, 01:09:36 AM
 #2070

Devtome Stats has been updated for Round 29.



There were 369 shares. Each share is worth 487,804 devcoins.

There are 180,000,000 devcoins per round, the value of each share is 180,000,000/369 = 487,804

*fractional shares have been rounded up or down

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November 17, 2013, 02:09:20 AM
 #2071

I suggest the following for the Mini Metal Printer, devcoiners in total can get up to 2 x 1,000$ Assembled MMM with Clay:
http://www.indiegogo.com/projects/minimetalmaker-a-small-3d-printer-that-fabricates-with-precious-metal-clay/contributions/new?perk_amt=1000&perk_id=1498954

plus up to 4 x 750$ full kits with parts:
http://www.indiegogo.com/projects/minimetalmaker-a-small-3d-printer-that-fabricates-with-precious-metal-clay/contributions/new?perk_amt=750&perk_id=1498938

Only one printer or kit per person, the maximum possible total take from generation is 5,000$. Anyone who has ever received devcoins from generation can contribute through Indiegogo with their name_devcoin. For example, Icoin mentioned that he was going to get a metal printer, he could contribute 1,000$ under the name Icoin_devcoin for an assembled MMM, and I would reimburse him 1,000$ worth of devcoins. Then I in turn would go on the share list that round to get that many devcoins from generation. People should only get metal printers if they have a workshop, printers are currently hard to use and break down often, they are not plug and play no matter what any press release says.

On top of this, if it turns out their design is open source, they would get 96 shares. The payout would be so big because the metal printer is the key to making everything else. Because the clay metal mixture is porous and shrinks during the burn off, the Mini Metal Printer will make low precision, low strength parts, but it's still a big step forward. In time if the devcoin market cap goes over 10 million we'll post another bounty for a pure metal printer which would make strong, precise parts.

Any objections, or should something be changed?

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November 17, 2013, 04:13:19 AM
 #2072

Hola!

  So, I'm building the devcoind daemon on Linux, and I see at least three different source repositories being mentioned.  I took a look through all three and here they are, ordered by most recent commits.  Which one(s) are official?


The third one is really only mentioned because I'm pretty sure I got the link from an official source.  The first two links are pointed to from here or devtome.  I'm going with the first link above, but would sure like to know if it's the official, legit source.

Thanks!
Koguma

Looks like latest one is prob the one with last changes 3 months but I cant confirm.

Have you tried the linux daemon available?

http://www.devtome.com/doku.php?id=devcoin#linux

Both 32 bit and 64 bit already built.

The source link from that page points to the first link.  I prefer to build my own, as I'm also linking with Google's tcmalloc at compile time.  I've also got the build process down pat pretty much and I'm building all the alt coins...

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November 17, 2013, 04:15:51 AM
 #2073

how does 96 shares fit in with other devcoin bounties? seems pretty high, but as long as we're not discouraging other devcoin-related projects seems fine.
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November 17, 2013, 04:57:06 AM
 #2074

..
Sorry I edited it, but miners getting 10% is fine since we are merge mined we don't have a problem with the hash rate.

The proposal is to reduce the writers pay to 45% of the 90% that is going to "developers". As bounties complete the value of the coin will rise giving more incentive to write and slowly reduce the 45% to use the ad revenue that should grow and help make devtome self sufficient. There writers payout percentage should be based on a metric and should reduce as the ad revenue increases. This should not be a set 45% but a max of 45% with no ad revenue.
..

We can't predict when people will accomplish bounties, so it's impossible to put a fixed amount into bounties. However people overwhelmingly want more bounties, so we'll pay more. The bounties on the page:
http://www.devtome.com/doku.php?id=devcoin_bounty_now

were set when devcoin shares were worth around 15$ each. This round, because the huge increase in bitcoin price outweighed the decrease in btc/dvc price, and there were fewer words written, the share price will be around 40$, so all those bounties are worth more than double, which should be enough to get takers. Since the long term share price is 15$, it could go back down, so if the share price ever goes below 30$ I'll redouble bounty shares for anything that was not awarded.

Quote
Maybe we could pay code by the 1k lines, and art per 1k pixels, and diversify the payout scheme.  (CodeTome.com, ArtTome.com)
..

Code has to be paid by what it does. There's no mechanical way of determining how much code is worth, it's going to be subjective. If people want, we could pay some projects on the share lists more:
https://raw.github.com/Unthinkingbit/charity/master/bitcoinshare.html
https://raw.github.com/Unthinkingbit/charity/master/devcoinshare.html

One way would be to make a rating system for projects, like we have for writers. It would have to be done by admins and people on the share lists also, because opening it up to everyone would make it easy to game:
http://devtome.com/doku.php?id=devtome_rater#subjectivity

Quote
..
art per 1k pixels, and diversify the payout scheme.  (CodeTome.com, ArtTome.com)
..

We don't yet have the resources in money or admins to make other types of sites. We barely have enough to handle devtome now. If the bitcoin price keeps rising, we'll eventually have enough resources to make other sites.

Quote
A piggy bank approach may offer a quicker way for bounties to be taken up. We would simply have to make them more visible to people through marketing ie add to workforcrypto.com and other places.. Admins should be doing this or set up a bounty to do this.

People can start by adding the existing bounties, with links to the original on the devtome page, to workforcrypto.com and other places.

Bounties take time to administer, and in future, to market and post in other places. Smeagol handles business bounties, if anyone has an idea for a business bounty message him. For other bounties, I'll add the choice of bounty admin for the next admins, until then I'll keep awarding the non business bounties. People can always post a request for a bounty. I don't have the time to also post bounties on other sites, so people can do that on their own until we get a bounty admin.

For new bounties, following the rule that the largest bounty that can be funded is about 1% of the market capitalization of devcoin (around 500,000$ at the time of writing), that means bounties can only be up to 5,000$. That's for the most important stuff, regular projects will be less than that. We can't fund big projects yet.

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November 17, 2013, 05:00:05 AM
 #2075

HOLY FUCKING SHIT... These guys are going to need a few shares...

Look up:

Biological Teleportation. Not sure if it's online but if you turn on CSPAN-2 right now they are talking about it. (edit: never mind, literally just ended, just questions now)
Basically though, you can download a virus (like the flu) or a vaccine and you can print it out. They say they have insulin coming out already.

Then look up:

Digital Biological Converter, it's basically the 3D printer of life as we know it. We can now PRINT LIFE. They are working on printing bacteria and such soon.

And it all works by using blank cells and creating DNA in yeast. So It's actually EXTREMELY simple. As DNA is only made up of a few simple components, you don't even need lab grade shit.

My Negative Rating is For Bringing a Dead Thread Back to Life, Just BTW. Click The Link To See For Yourself.
https://bitcointalk.org/index.php?action=trust;u=155011
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November 17, 2013, 05:24:44 AM
 #2076

They were all ready to teleport something through the cloud earlier this year, but the government stopped them.

http://www.kurzweilai.net/craig-venters-biological-teleportation-device

My Negative Rating is For Bringing a Dead Thread Back to Life, Just BTW. Click The Link To See For Yourself.
https://bitcointalk.org/index.php?action=trust;u=155011
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November 17, 2013, 11:56:09 AM
 #2077

..
Sorry I edited it, but miners getting 10% is fine since we are merge mined we don't have a problem with the hash rate.

The proposal is to reduce the writers pay to 45% of the 90% that is going to "developers". As bounties complete the value of the coin will rise giving more incentive to write and slowly reduce the 45% to use the ad revenue that should grow and help make devtome self sufficient. There writers payout percentage should be based on a metric and should reduce as the ad revenue increases. This should not be a set 45% but a max of 45% with no ad revenue.
..

We can't predict when people will accomplish bounties, so it's impossible to put a fixed amount into bounties. However people overwhelmingly want more bounties, so we'll pay more. The bounties on the page:
http://www.devtome.com/doku.php?id=devcoin_bounty_now

were set when devcoin shares were worth around 15$ each. This round, because the huge increase in bitcoin price outweighed the decrease in btc/dvc price, and there were fewer words written, the share price will be around 40$, so all those bounties are worth more than double, which should be enough to get takers. Since the long term share price is 15$, it could go back down, so if the share price ever goes below 30$ I'll redouble bounty shares for anything that was not awarded.

Quote
Maybe we could pay code by the 1k lines, and art per 1k pixels, and diversify the payout scheme.  (CodeTome.com, ArtTome.com)
..

Code has to be paid by what it does. There's no mechanical way of determining how much code is worth, it's going to be subjective. If people want, we could pay some projects on the share lists more:
https://raw.github.com/Unthinkingbit/charity/master/bitcoinshare.html
https://raw.github.com/Unthinkingbit/charity/master/devcoinshare.html

One way would be to make a rating system for projects, like we have for writers. It would have to be done by admins and people on the share lists also, because opening it up to everyone would make it easy to game:
http://devtome.com/doku.php?id=devtome_rater#subjectivity

Quote
..
art per 1k pixels, and diversify the payout scheme.  (CodeTome.com, ArtTome.com)
..

We don't yet have the resources in money or admins to make other types of sites. We barely have enough to handle devtome now. If the bitcoin price keeps rising, we'll eventually have enough resources to make other sites.

Quote
A piggy bank approach may offer a quicker way for bounties to be taken up. We would simply have to make them more visible to people through marketing ie add to workforcrypto.com and other places.. Admins should be doing this or set up a bounty to do this.

People can start by adding the existing bounties, with links to the original on the devtome page, to workforcrypto.com and other places.

Bounties take time to administer, and in future, to market and post in other places. Smeagol handles business bounties, if anyone has an idea for a business bounty message him. For other bounties, I'll add the choice of bounty admin for the next admins, until then I'll keep awarding the non business bounties. People can always post a request for a bounty. I don't have the time to also post bounties on other sites, so people can do that on their own until we get a bounty admin.

For new bounties, following the rule that the largest bounty that can be funded is about 1% of the market capitalization of devcoin (around 500,000$ at the time of writing), that means bounties can only be up to 5,000$. That's for the most important stuff, regular projects will be less than that. We can't fund big projects yet.


Why not let bounties add up until market decides when to take it.. why put hard limits? Why not set the rules instead of hoping others will conform?

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
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best_btc
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November 17, 2013, 11:56:59 AM
 #2078

can somebody please help me with reality-checking of my speculation logic: relatively, the higher the btc price goes, understandeably the alts go down, as we see. lets say, I invested 1m usd in btc a year ago, and now its worth 10m. would I not see high probabilty in putting those 10m into low worth altcoins? when to buy, if not, when they are low? If an altcoin gets air, it has the chance of getting back to its even former price, lets say it 5-10x whats its worth now, by simply the pump excitement. i am not saying, that btc won't reach from now 5-10x its value of 2500-5,000 usd, but its much less likely to happen in a given time period, than it is for it to happen to alts.
in april, i kinda had this logic, to ride the wave in the wave, but was impatient to let btc soar into its real highs. when following this logic, i was consciously looking for the smallest valued coin, this is how i ended up with DVC to be honest. i thought, that the lower the value, the higher the capability to volatility. --> if dvc goes now from 18 satoshis to 36, its not making news headlines. but when btc goes from 450 to 900 usd (same ratio), that is news all over. see? I have this logic, that small alts have this amazing potential to soar, but still. what is missing? or am i totally on the wrong track here? thoughts please.

and one more thing: i am not exactly getting the full picture, i am learning, but i hear you say, that the business modell of dvc so far actually makes people dump their coins right away. if that is true, lets fix this dynamic urgently... that would be ridiculous.

XRP:  rNnou9B7snYUPPQdH9KP4D9JQ7EJXTKN4G
BTC:  1ELy69CQ8u77qYvjgfZBFxcyNNyrtcQFFR
I wrote already to BTC-e, Mtgox support to add DVC (again). you all should write them too, let our voices be heard:
 http://hdbtce.kayako.com/
and also Mtgox:
https://twitter.com/MtGox
https://support.mtgox.com/home
sidhujag
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November 17, 2013, 12:01:53 PM
 #2079

can somebody please help me with reality-checking of my speculation logic: relatively, the higher the btc price goes, understandeably the alts go down, as we see. lets say, I invested 1m usd in btc a year ago, and now its worth 10m. would I not see high probabilty in putting those 10m into low worth altcoins? when to buy, if not, when they are low? If an altcoin gets air, it has the chance of getting back to its even former price, lets say it 5-10x whats its worth now, by simply the pump excitement. i am not saying, that btc won't reach from now 5-10x its value of 5000-10,000 usd, but its much less likely to happen in a given time period, than it is for it to happen to alts.
in april, i kinda had this logic, to ride the wave in the wave, but was impatient to let btc soar into its real highs. when following this logic, i was consciously looking for the smallest valued coin, this is how i ended up with DVC to be honest. i thought, that the lower the value, the higher the capability to volatility. --> if dvc goes now from 18 satoshis to 36, its not making news headlines. but when btc goes from 450 to 900 usd (same ratio), that is news all over. see? I have this logic, that small alts have this amazing potential to soar, but still. what is missing? or am i totally on the wrong track here? thoughts please.

and one more thing: i am not exactly getting the full picture, i am learning, but i hear you say, that the business modell of dvc so far actually makes people dump their coins right away. if that is true, lets fix this dynamic urgently... that would be ridiculous.

Gotta look at volume the liquidity isnt there for big players to come speculate. In the long run we are early adopters but ppl are only willing to play with liquid pairs which is fair... so your doing the right thing.. if btcchina gets dvc more volume higher price

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
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alyssa85
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November 17, 2013, 01:17:28 PM
 #2080

can somebody please help me with reality-checking of my speculation logic: relatively, the higher the btc price goes, understandeably the alts go down, as we see. lets say, I invested 1m usd in btc a year ago, and now its worth 10m. would I not see high probabilty in putting those 10m into low worth altcoins? when to buy, if not, when they are low? If an altcoin gets air, it has the chance of getting back to its even former price, lets say it 5-10x whats its worth now, by simply the pump excitement. i am not saying, that btc won't reach from now 5-10x its value of 2500-5,000 usd, but its much less likely to happen in a given time period, than it is for it to happen to alts.
in april, i kinda had this logic, to ride the wave in the wave, but was impatient to let btc soar into its real highs. when following this logic, i was consciously looking for the smallest valued coin, this is how i ended up with DVC to be honest. i thought, that the lower the value, the higher the capability to volatility. --> if dvc goes now from 18 satoshis to 36, its not making news headlines. but when btc goes from 450 to 900 usd (same ratio), that is news all over. see? I have this logic, that small alts have this amazing potential to soar, but still. what is missing? or am i totally on the wrong track here? thoughts please.

and one more thing: i am not exactly getting the full picture, i am learning, but i hear you say, that the business modell of dvc so far actually makes people dump their coins right away. if that is true, lets fix this dynamic urgently... that would be ridiculous.

Back in April when bitcoin last had it's big surge, there were only about six or seven alt coins - and it was the fashion for newcomers to the bitcoin world to put some money in all of these "just in case".

There's now about 150 altcoins, and while a few people this time are talking about putting some money in altcoins, this time round the consensus in places like Reddit is that all alts are "scams", due to the sheer number of them. Those few newcomers who are interested in alts don't even know Devcoin exists because it doesn't get visibility on places like "lets talk bitcoins" or wired and the other "mainstream" places which occasionally write about alts.

Regarding the writers - they receive their coins 45,000 at a time, so while the small sales of 100,000 coins a time might be from them, the big dumps of several million coins at a time tend to be from savers who've accumulated in the last two years. There are about 92 million devcoins in existence - and as the bitcoin price rises, people are scouring their wallets and selling any and all alts they have for bitcoins, which they cash into dollars asap because the bitcoin price is likely to pull back (nothing goes up permanently in a straight line after all). All the alts have crashed as a result.

When the bitcoin price drops back a bit, the alts will stabilize too as the desperation to sell abates. It's a waiting game.

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