[DVC]DevCoin - Official Thread - Moderated

[Vlad2Vlad]

Acs26, I'll delete my own right now.  I already deleted a couple today that were off topic-ish. I just don't like being attacked by some dude I don't even recognize and to be told I can't post anywhere on this entire forum.

Edit:  all cleaned up.  

[sidhujag]

buy wall being eaten needs reenforcement.

[Vlad2Vlad]

buy wall being eaten needs reenforcement.

Volatility is the name of the game for another year or two.  If Bitcoin gets its own ETF then that will bring in many millions in various exchanges And also new investors. Eventually you get liquidity and less volatile swings. Until then just buy at these ridiculous lows cause if Bitocoin hits $1,000 next year then its very possible for Devcoin to see $1. 

There's a 1,000 to 1 ratio afterall so its very possible and if Bitcoin gets an ETF then I think $1,000 per bitcoin is almost a guarantee.

[Unthinkingbit]

Everyone who has received devcoins in this round or the previous, please vote for your favorite logos in the vote thread:
https://bitcointalk.org/index.php?topic=248199.0
..
The votes will be tabulated on Satuday, July 6. The winner will get 8 shares, second place will get 4 shares, third place 2 shares, and 1 for fourth.

Congratulations to Marticps!

First Prize: Marticps, 8 shares
Second Prize: Grc, 4 shares
Third Prize: Skull 88, 2 shares
Fourth Prize: Icoin, 1 share

The logo vote post is at:
https://bitcointalk.org/index.php?topic=248199.msg2672418#msg2672418

All the devcoin voters will get 2/5 of a share for voting. Every other voter, with an activity of at least 50, will get half that if they post a devcoin address (which can be from a web wallet) in their vote post or signature. The csv vote file is at:
https://raw.github.com/Unthinkingbit/charity/master/logo_vote.csv

the Open Document Spreadsheet file, with the calculations, is at:
https://raw.github.com/Unthinkingbit/charity/master/logo_vote.ods

[ranlo]

Everyone who has received devcoins in this round or the previous, please vote for your favorite logos in the vote thread:
https://bitcointalk.org/index.php?topic=248199.0
..
The votes will be tabulated on Satuday, July 6. The winner will get 8 shares, second place will get 4 shares, third place 2 shares, and 1 for fourth.

Congratulations to Marticps!

First Prize: Marticps, 8 shares
Second Prize: Grc, 4 shares
Third Prize: Skull 88, 2 shares
Fourth Prize: Icoin, 1 share

The logo vote post is at:
https://bitcointalk.org/index.php?topic=248199.msg2672418#msg2672418

All the devcoin voters will get 2/5 of a share for voting. Every other voter, with an activity of at least 50, will get half that if they post a devcoin address (which can be from a web wallet) in their vote post or signature. The csv vote file is at:
https://raw.github.com/Unthinkingbit/charity/master/logo_vote.csv

the Open Document Spreadsheet file, with the calculations, is at:

Everyone who has received devcoins in this round or the previous, please vote for your favorite logos in the vote thread:
https://bitcointalk.org/index.php?topic=248199.0
..
The votes will be tabulated on Satuday, July 6. The winner will get 8 shares, second place will get 4 shares, third place 2 shares, and 1 for fourth.

Congratulations to Marticps!

First Prize: Marticps, 8 shares
Second Prize: Grc, 4 shares
Third Prize: Skull 88, 2 shares
Fourth Prize: Icoin, 1 share

The logo vote post is at:
https://bitcointalk.org/index.php?topic=248199.msg2672418#msg2672418

All the devcoin voters will get 2/5 of a share for voting. Every other voter, with an activity of at least 50, will get half that if they post a devcoin address (which can be from a web wallet) in their vote post or signature. The csv vote file is at:
https://raw.github.com/Unthinkingbit/charity/master/logo_vote.csv

the Open Document Spreadsheet file, with the calculations, is at:
https://raw.github.com/Unthinkingbit/charity/master/logo_vote.ods

Just to be sure, we were supposed to edit our vote post and post the address there, correct? If so, done!

https://bitcointalk.org/index.php?topic=248199.msg2633112#msg2633112

Also, can you please check for the last PM I sent you? Thanks!

[Vlad2Vlad]

Lawyer,

You're talking about devcoin reaching $1 as if there's some fundamental analysis prerequisite behind all this.  Bitcoin has been very stable around $100, except for this current dip.

Can you do the same analysis for a worthless asset, like Bitcoin, with ZERO future cashflows, currently being valued at over $1 billion?  Can you do a present value (NPV) of Bitcoin's [ZERO] future cashflows and you can even use a high risk 25% discount rate.

Lol, you can use a 1,000% discount rate cause the answer will be the same, a net present value of ZERO, cause bitcoin has no cashflows even in the works.  This is literally like walking on water, yet educated people everywhere keep plugging in numbers as if they matter.  It's strange.

Just the same, if Bitcoin gets to $1,000, that means there's going to be an alt coin frenzy and by the same mechanics or exhuberance, devcoin can reach $1 which I'm aware of will be roughly $7-$9 billion market cap by next year.  And on the contrary, at least Devcoin has some sort of business plan and potential future cashflows, that's something Bitcoin hasn't even dreamt up yet.

It's all Utterly meaningless.  This is the same logic the media uses and wallstreet to say bitcoin will never get the ETF license.  I have 2 degrees and I think just like you and I see the fundamental flaws just like you but once in a while you have to look up at what's really going on in the world.  All of this has nothing to do with math or fundamental logic, but politics, power, society and the future.  

Good luck.

[Vlad2Vlad]

Everyone who has received devcoins in this round or the previous, please vote for your favorite logos in the vote thread:
https://bitcointalk.org/index.php?topic=248199.0
..
The votes will be tabulated on Satuday, July 6. The winner will get 8 shares, second place will get 4 shares, third place 2 shares, and 1 for fourth.

Congratulations to Marticps!

First Prize: Marticps, 8 shares
Second Prize: Grc, 4 shares
Third Prize: Skull 88, 2 shares
Fourth Prize: Icoin, 1 share

The logo vote post is at:
https://bitcointalk.org/index.php?topic=248199.msg2672418#msg2672418

All the devcoin voters will get 2/5 of a share for voting. Every other voter, with an activity of at least 50, will get half that if they post a devcoin address (which can be from a web wallet) in their vote post or signature. The csv vote file is at:
https://raw.github.com/Unthinkingbit/charity/master/logo_vote.csv

the Open Document Spreadsheet file, with the calculations, is at:
https://raw.github.com/Unthinkingbit/charity/master/logo_vote.ods

Congrats Marticps, that was my top pick.

I'm really surprised at how few people actually voted.  I thought we had hundreds of active members.  This design is one of the most important aspects of Devcoin yet hardly anybody voted.  Really not a good sign - most people must think this is just another thing for them to be involved in when it's clearly so much more than that.

[Vlad2Vlad]

Lawyer,

I'll give you some proof.  You say devcoin has to go from a market cap of $244,000 to $7 Billion.  That's a 291 fold or roughly 29,100% return.  The best I've ever seen was DELL's 54,000% from 1991 to 2000.

Did you research these other alt coins yet?  I did.  In a matter of 2-4 months Litecoin went from roughly 2 pennies to $3 and stabilized.  That equals 150 fold, that would put us at about $5 Bilion market cap.

Namecoin went from $.001 to $1 and stabilized just below $1.  That's an increase of 1,000 fold or 100,000% which would put Devcoin closer to like $25 billion market cap.

Can you find any cashflows, present or in the future for these other coins?  ZERO.  None even planned.  That's actually shocking to me, especially for Bitcoin.

So like I said, given we currently have roughly a 1% participation rate in alt-coin investments, if or rather when Bitcoin gets an ETF and as a result takes alt coins mainstream, even a 10% participation rate will cause a frenzy in the alt-coin market and devcoin can fairly easily reach $1.  

This is as clear as day to me.  Don't bother with the numbers, these things have already been pre-planned by the powers that be.  Unless of course, you believe people can fly all of a sudden and break all the other laws of physics.  It's just not possible.  

There can only be one plausible explanation for all of this:  massive collusion and manipulation - in the highest degree and on every level.  And that ETF license should just about prove it cause the pros on wallstreet are right - there's no way the US govt can give that license to Bitcoin.  

But watch, they will, and without any issues or reservations.

[Icoin]

Fourth Prize: Icoin, 1 share

Thanks to everyone who voted!

[Unthinkingbit]

..
Just to be sure, we were supposed to edit our vote post and post the address there, correct? If so, done!

There is no need for anyone who has received devcoins to post an address, because I already have the address. All the devcoin voters and logo winners have been added to the bounty file:
https://raw.github.com/Unthinkingbit/charity/master/bounty_25.csv

Posting an address is only necessary for those who have not received generation devcoins yet:
00400
Bitcoin Megastore
Dcl595
Praxis

[ranlo]

..
Just to be sure, we were supposed to edit our vote post and post the address there, correct? If so, done!

There is no need for anyone who has received devcoins to post an address, because I already have the address. All the devcoin voters and logo winners have been added to the bounty file:
https://raw.github.com/Unthinkingbit/charity/master/bounty_25.csv

Posting an address is only necessary for those who have not received generation devcoins yet:
00400
Bitcoin Megastore
Dcl595
Praxis

Ahh, got you. Thanks!

[wiser]

This person seems like they already bought 11 or so btc and flashed 20 btc but remove it so they prob spending about 35 to 50 btc at this price. Seems like a noob because he doesnt know how dvc works. Any wall in the bid book will get eaten up slowly but to create a pump is what will drive others to buy. The wall will give incentive to selloff a big chunk to someone whonjust got the coins. A pump would have them add or hold thinking its rising. That person is either greedy or doesnt know how to manage hos position. I did the opposite i created a pump earlier and price rose for 35% subsequently. Noone has made a substantial pump after mine. Ive only seen the occasional attempts
at a few btc in the buy book that gets eaten up slowly as price jist sits there waiting for sellers.

If ur smart u would buy half above market and then place half in the book in increments.

How does a pump work?  I'm not quite visualizing it from the above description.  I'd like to know this so I can recognize a pump when I see one on the exchange.

[Vlad2Vlad]

This person seems like they already bought 11 or so btc and flashed 20 btc but remove it so they prob spending about 35 to 50 btc at this price. Seems like a noob because he doesnt know how dvc works. Any wall in the bid book will get eaten up slowly but to create a pump is what will drive others to buy. The wall will give incentive to selloff a big chunk to someone whonjust got the coins. A pump would have them add or hold thinking its rising. That person is either greedy or doesnt know how to manage hos position. I did the opposite i created a pump earlier and price rose for 35% subsequently. Noone has made a substantial pump after mine. Ive only seen the occasional attempts
at a few btc in the buy book that gets eaten up slowly as price jist sits there waiting for sellers.

If ur smart u would buy half above market and then place half in the book in increments.

Are you kidding?  This guy looks like he knows exactly what he's doing, he's trying to get the most for his money.  You really think a few guys spending a few grand are gonna pump devcoin up and keep it there?  That's foolish.  It's gonna take real demand and hundreds of thousands in consistent dollars to get devcoin up and keep it there.

Calling a guy greedy or dumb cause he's not purposely paying more than market value for devcoin is ridiculous.  This pump mentality is what keeps people away from speculative assets like devcoin.  Lets focus on fundamentals and hope bitcoin gets its ETF and then you'll see real market forces move devcoin to new all-time highs without the need for 2nd rate pump schemes which don't work for even a single day.

[sidhujag]

This person seems like they already bought 11 or so btc and flashed 20 btc but remove it so they prob spending about 35 to 50 btc at this price. Seems like a noob because he doesnt know how dvc works. Any wall in the bid book will get eaten up slowly but to create a pump is what will drive others to buy. The wall will give incentive to selloff a big chunk to someone whonjust got the coins. A pump would have them add or hold thinking its rising. That person is either greedy or doesnt know how to manage hos position. I did the opposite i created a pump earlier and price rose for 35% subsequently. Noone has made a substantial pump after mine. Ive only seen the occasional attempts
at a few btc in the buy book that gets eaten up slowly as price jist sits there waiting for sellers.

If ur smart u would buy half above market and then place half in the book in increments.

Are you kidding?  This guy looks like he knows exactly what he's doing, he's trying to get the most for his money.  You really think a few guys spending a few grand are gonna pump devcoin up and keep it there?  That's foolish.  It's gonna take real demand and hundreds of thousands in consistent dollars to get devcoin up and keep it there.

Calling a guy greedy or dumb cause he's not purposely paying more than market value for devcoin is ridiculous.  This pump mentality is what keeps people away from speculative assets like devcoin.  Lets focus on fundamentals and hope bitcoin gets its ETF and then you'll see real market forces move devcoin to new all-time highs without the need for 2nd rate pump schemes which don't work for even a single day.

Wiser is probably right as always. Ive seem alot of these the last few months and price collapses after wall breaks seems like it will need a breakthrough to gain some traction.. the kimd you are talking about. Good to accumulate here for sure.

[Vlad2Vlad]

I think round 25 is over at block 97,300 which is just a few days away.  I haven't even able to write much this month at all.

But I'm wondering if anybody knows how many shares we're looking at right now with the round almost over?  Last round we were at around 900 with about 1 week to go and by the end of the round we were over 1300. 

I'm trying to figure out if contributors dropped off this round or if we doubled yet again.

Thanks in advance. 

[alex0909]

buy wall being eaten needs reenforcement.

Volatility is the name of the game for another year or two.  If Bitcoin gets its own ETF then that will bring in many millions in various exchanges And also new investors. Eventually you get liquidity and less volatile swings. Until then just buy at these ridiculous lows cause if Bitocoin hits $1,000 next year then its very possible for Devcoin to see $1. 

There's a 1,000 to 1 ratio afterall so its very possible and if Bitcoin gets an ETF then I think $1,000 per bitcoin is almost a guarantee.

I dońt know if you meant 1/1000 on  block size but in value its more like 1/1 000 000 .
So  even if bitcoin gets to 1000$ we can't expect a 1$ value if our coin is not backed up by some service. Right now this is what we need for the price to go up,!

[Unthinkingbit]

Luckybit and Wiser thought of a way for readers to request stories and get full answers to questions:
https://bitcointalk.org/index.php?topic=240540.0

To start, a moderated Stories and Question thread is at:
https://bitcointalk.org/index.php?topic=252709

Please post your story requests and questions there. You can ask for stories about something you're interested in, or ask questions for which you want a full, well written answer. The stories and answers will be devtome articles.

[Vlad2Vlad]

Luckybit and Wiser thought of a way for readers to request stories and get full answers to questions:
https://bitcointalk.org/index.php?topic=240540.0

To start, a moderated Stories and Question thread is at:
https://bitcointalk.org/index.php?topic=252709

Please post your story requests and questions there. You can ask for stories about something you're interested in, or ask questions for which you want a full, well written answer. The stories and answers will be devtome articles.

What a great idea.

[ranlo]

Luckybit and Wiser thought of a way for readers to request stories and get full answers to questions:
https://bitcointalk.org/index.php?topic=240540.0

To start, a moderated Stories and Question thread is at:
https://bitcointalk.org/index.php?topic=252709

Please post your story requests and questions there. You can ask for stories about something you're interested in, or ask questions for which you want a full, well written answer. The stories and answers will be devtome articles.

I love these ideas! I'm also going to take you up on your story... we need time frames listed though as well for final submissions.

[twobits]

I wanted to see block sizes, which the the block explorers I knew about did not show.

So I put up http://devcoin.21stcenturymoneytalk.org/