[DVC]DevCoin - Official Thread - Moderated

[ranlo]

If we all just took 5 min a day to write and request mtgox, btc-e, and all the rest where there is no DVC yet, to add it, it could really make a difference. really more then just sitting anxious and hoping for the price to rise from doing nothing.
Write them NOW!
I wrote already to BTC-e support to add DVC (again). you all should write them too, let our voices be heard:
http://hdbtce.kayako.com/
and also Mtgox:
https://support.mtgox.com/home
https://twitter.com/MtGox

Done!

[hennessyhemp]

If we all just took 5 min a day to write and request mtgox, btc-e, and all the rest where there is no DVC yet, to add it, it could really make a difference. really more then just sitting anxious and hoping for the price to rise from doing nothing.
Write them NOW!
I wrote already to BTC-e support to add DVC (again). you all should write them too, let our voices be heard:
http://hdbtce.kayako.com/
and also Mtgox:
https://support.mtgox.com/home
https://twitter.com/MtGox

I'm game...might try the "Write for Devcoins" stuff as well!  I am totally down to write about them...though I know very little technical stuff about cryptocoins.

Has everyone seen the LTC/DVC option at Cryptsy?  Seems like an arbitrage opportunity in there somewhere when combined with BTC/LTC, and BTC/DVC on vircurex.

[ranlo]

If we all just took 5 min a day to write and request mtgox, btc-e, and all the rest where there is no DVC yet, to add it, it could really make a difference. really more then just sitting anxious and hoping for the price to rise from doing nothing.
Write them NOW!
I wrote already to BTC-e support to add DVC (again). you all should write them too, let our voices be heard:
http://hdbtce.kayako.com/
and also Mtgox:
https://support.mtgox.com/home
https://twitter.com/MtGox

I'm game...might try the "Write for Devcoins" stuff as well!  I am totally down to write about them...though I know very little technical stuff about cryptocoins.

Has everyone seen the LTC/DVC option at Cryptsy?  Seems like an arbitrage opportunity in there somewhere when combined with BTC/LTC, and BTC/DVC on vircurex.

The LTC/DVC price on Cryptsy is over 2x what it should be. Unless you mean trading DVC for BTC on Virc, then taking the BTC to Cryptsy and trading it for LTC, then taking the LTC to BTC-E to trade to BTC and doing a circle like that, lol.

[weisoq]

It's just quoted the other way round. dvc/ltc = (dvc/btc) / (ltc/btc) = where it's priced on cryptsy

[hennessyhemp]

Any three pairs that interconnect will do...and rinse and repeat.  I may have to give this a go a little later, see how it works.

It's all about margins and making more than the fees + withdrawal fees...plus SPEED...gotta be as fast as possible on the trades.  Makes me think DGC will be fun to flip once it hits more markets, faster withdrawals would make for much better arbitrage opportunities.

Also, you can create bots to do all this for you on a script.  I would love to learn more about how to use a bot for trades, but I'm pretty sure you want to build your own rather than trust anyone else's, which means I'll have to learn how to build one first.

Markm's image is an excellent way of thinking about the arbitrage process visually.

[ranlo]

It's just quoted the other way round. dvc/ltc = (dvc/btc) / (ltc/btc) = where it's priced on cryptsy

I mean... what I did is take:

LTC/BTC = 32 (it was 0.031 or so the last time I checked)
DVC/BTC = 1.2 mil when I checked
DVC/LTC*32 = it was like 2 million

[weisoq]

It's just quoted the other way round. dvc/ltc = (dvc/btc) / (ltc/btc) = where it's priced on cryptsy

I mean... what I did is take:

LTC/BTC = 32 (it was 0.031 or so the last time I checked)
DVC/BTC = 1.2 mil when I checked
DVC/LTC*32 = it was like 2 million

That would work, except 1.2m implies a dvc/btc of 0.00000083

[hennessyhemp]

I just need to post more in the forums to get smart people to do the math for me more often!

It's just quoted the other way round. dvc/ltc = (dvc/btc) / (ltc/btc) = where it's priced on cryptsy

I mean... what I did is take:

LTC/BTC = 32 (it was 0.031 or so the last time I checked)
DVC/BTC = 1.2 mil when I checked
DVC/LTC*32 = it was like 2 million

That would work, except 1.2m implies a dvc/btc of 0.00000083

Basically you just convert it three times to something different, if it comes back that you've lost money on a calculator...reverse the direction...if the spread is better than the fees for withdrawal and exchange transaction fees combined any overage is how much you will make by playing coin leap frog.

[weisoq]

I'm game...might try the "Write for Devcoins" stuff as well!  I am totally down to write about them...though I know very little technical stuff about cryptocoins.

Has everyone seen the LTC/DVC option at Cryptsy?  Seems like an arbitrage opportunity in there somewhere when combined with BTC/LTC, and BTC/DVC on vircurex.

You don't have to write about devcoins. Have a look at www.devtome.com - work in progress but should give you a better idea.
On the dvc/ltc arbitrage - if you want to save some coin I recommend you run through it on paper first...

[hennessyhemp]

I'm game...might try the "Write for Devcoins" stuff as well!  I am totally down to write about them...though I know very little technical stuff about cryptocoins.

Has everyone seen the LTC/DVC option at Cryptsy?  Seems like an arbitrage opportunity in there somewhere when combined with BTC/LTC, and BTC/DVC on vircurex.

You don't have to write about devcoins. Have a look at www.devtome.com - work in progress but should give you a better idea.
On the dvc/ltc arbitrage - if you want to save some coin I recommend you run through it on paper first...

Yep...on paper first with a calculator handy.  Also noting the exchange fees and withdrawal fees would be wise.

Sweet...so I just pick a topic and write about it...sort of the Wiki of Cryptos in that regard!

Very nice...looks like I should dust off some of my hemp papers from my college course!

[hotcoldcoin]

Sweet...so I just pick a topic and write about it...sort of the Wiki of Cryptos in that regard!

Sweet perhaps, but the system totally lacks any quality control.  You can put pretty much anything on devtome as "writing" and get shares for it.   It's a shame the project is failing in that regard.    

[weisoq]

I'm game...might try the "Write for Devcoins" stuff as well!  I am totally down to write about them...though I know very little technical stuff about cryptocoins.

Has everyone seen the LTC/DVC option at Cryptsy?  Seems like an arbitrage opportunity in there somewhere when combined with BTC/LTC, and BTC/DVC on vircurex.

You don't have to write about devcoins. Have a look at www.devtome.com - work in progress but should give you a better idea.
On the dvc/ltc arbitrage - if you want to save some coin I recommend you run through it on paper first...

Yep...on paper first with a calculator handy.  Also noting the exchange fees and withdrawal fees would be wise.

Sweet...so I just pick a topic and write about it...sort of the Wiki of Cryptos in that regard!

Pretty much - it's broad in terms of fiction and non-fiction, and opensource. Articles on cryptos generally are popular, so I suppose a prosepctive wiki of cryptos is one way of looking at it, eg. http://devtome.com/doku.php?id=e-currency

[hennessyhemp]

Pretty sure I need the devcoin font...how awesome is that.  

I'm the kind of geek that thought the documentary Helvetica was interesting.  How many signs have you read today in Helvetica?

[ranlo]

I got a response back from BTC-e already. Here it is in its entirety:

----
no

Ticket Details
Ticket ID: IDR-846-75570

[ranlo]

Sweet...so I just pick a topic and write about it...sort of the Wiki of Cryptos in that regard!

Sweet perhaps, but the system totally lacks any quality control.  You can put pretty much anything on devtome as "writing" and get shares for it.   It's a shame the project is failing in that regard.   

Completely false. As of a couple weeks ago some of us have been given the job of ensuring that articles are up to quality standards. Multiple people have been removed from the payment list as a result or been declined, and many more have been contacted and have had to fix their articles or remove problematic ones.

Please do not spread false information around.

[best_btc]

I got a response back from BTC-e already. Here it is in its entirety:

----
no

Ticket Details
Ticket ID: IDR-846-75570

i know... i guess the admins have to forward the decision made above them. but i am pretty sure they also have to give statistics on the requests, and if "dvc adding" is ranking high, it might turn the dime... lets keep pushing every day!!!

[ranlo]

I got a response back from BTC-e already. Here it is in its entirety:

----
no

Ticket Details
Ticket ID: IDR-846-75570

i know... i guess the admins have to forward the decision made above them. but i am pretty sure they also have to give statistics on the requests, and if "dvc adding" is ranking high, it might turn the dime... lets keep pushing every day!!!

I hope it does something. I've gotta be honest... just having the only response given as "no" is disheartening for a business. They could at least take the time to send a proper response, even if it's a pre-written one. This doesn't make me feel too confident about their company/website at all.

[best_btc]

well, you can evaluate the customer service i agree, this is pityful.

[ranlo]

Today I am in a bad mood. Sorry I will be a little bit rude and direct to the point, but....
In this forum many are worried about the low price of DVC. My opinion?
A coin like DVC, claiming to be for developers, it is not able to have good developers at its disposal.
Sorry for the comparison, but I just typed the word worldcoin: the first result is a complete, nice website.
I tried to type devcoin: the first website coming out is 1 page website, very elementary website. People need more to be convinced to put their money on it.
Secondly, it could be nice to have constant selling of DVC on websites like ebay: i knew of dvc on it, not on devtome.com.

Selling DVC on eBay is a fast way to get your eBay and Paypal accounts banned and frozen.

I agree that we need a nice website though... even the pump-n-dump coins have good sites. And the client needs a workover as well, .

[wiser]

Completely false. As of a couple weeks ago some of us have been given the job of ensuring that articles are up to quality standards. Multiple people have been removed from the payment list as a result or been declined, and many more have been contacted and have had to fix their articles or remove problematic ones.

Please do not spread false information around.

I was watching the relevant files for round 25 very closely, and I noticed the number of writer shares go up and down, so I know that some content that was published got deleted or whatever other quality control measures were practiced.  And in the end, round 25 turned out to promise way more earnings for those of us who did NOT run afoul of the quality control, like 3 to 4 times more than round 24.  I am convinced the difference is that there was much less quality control in round 24 than round 25.  Good job admins!

On another note, I saw some posts about the relative value of DVC compared to BTC.  For what it's worth, here are two things that would seriously increase the value of DVC in my eyes, and I'm probably not the only one who feels this way.

1.  A web based online wallet for DVC that has everything Coinbase has including the ability to buy/sell into dollars by direct linking to your regular fiat bank account.  What Coinbase does for BTC is give it liquidity.  I can buy or sell my BTC without having to go through an exchange.  Obviously not good for making lots of trades, but for what a normal person (who isn't a currency trader) needs it's more than adequate.  That kind of liquidity adds value to a currency and would do wonders for DVC if it had a Coinbase.  Maybe those here writing letters to people should ask the good people at CoinBase to consider developing a wallet for DVC.  They are a pretty responsive lot.

2.  More solid investments for DVC.  Right now the only place I know of where I can invest my DVC is on Cryptostocks and there are a few DVC denominated securities.  I've looked into all of them.  The ASCMDVCPT one is the best place for "growing" the number of Devcoins, as the dividend payouts are generous and the company behind the stock is rock solid (last I checked anyway).  However, the stock itself is overvalued--sells for 2 to 3 times as much as it should compared to the equivalent on BTCT.co, so it's limited in terms of how much you can buy into it, and at some point it's bound to correct.  Of the other securities, there's a DVC bond which will yield about a 3.65% return per year--at least it has some interest but 3.65% is like standing still compared to other stocks which have estimated returns of 20 to 50%.  The DVB stock is interesting but I do not understand how the fundamentals work (i.e., what's being bought and sold, how profits are made, etc.) and no one seems to want to explain them to me, at least not in a language I (a non-technical, non-miner, non-programmer) can understand.  There's another stock that seems to be based on some sort of multilevel scheme involving pyramining and it finally paid its first dividend and again I just don't understand it well enough to feel confident investing in it.  That's it.  We need more.  I'd like to see some solid companies offer shares that are denominated in DVC.  When they come on the scene I will happily buy.

Someone else mentioned this but I'll reiterate--a marketplace for DVC would be helpful.  If I can buy some of what I need and pay for it with DVC, even gift cards to places I like to shop, then that would definitely make my DVC more valuable.