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Author Topic: [DVC]DevCoin - Official Thread - Moderated  (Read 1056641 times)
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Athanasios Motok
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January 27, 2014, 10:55:51 PM
 #4661

Is anyone else having a vircurex glitch?
Thanks,
-AM

LOL if you mean 1 million BTC / DVC yes I am Smiley LOL

haha, I see that too...
Mindboggling.
But hey you never know... one of these days devcoin, one of these days... BAMM to the moon!!!
Yeah I do not think it it will be long either haha
-AM
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January 27, 2014, 10:59:37 PM
 #4662

If I was to start a DVC valued mutual investment fund would I be entitled to any DVC bounties?  If so how many DVC would the bounty be?

There are a bunch of devcoin based funds already. see e.g. http://galaxies.mygamesonline.org/digitalisassets.html

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January 27, 2014, 11:06:59 PM
Last edit: January 28, 2014, 06:07:36 AM by Wekkel
 #4663

If I was to start a DVC valued mutual investment fund would I be entitled to any DVC bounties?  If so how many DVC would the bounty be?

There are a bunch of devcoin based funds already. see e.g. http://galaxies.mygamesonline.org/digitalisassets.html

-MarkM-


How should I interpret this data? Can someone buy shares there with DVC?

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January 27, 2014, 11:10:05 PM
 #4664

The plots are something I made to help me interpret it all, since from just looking at the tables of numbers I could not see at a glance what was going up or down according to what.

Basically in the plots anything going up or down is doing to relative to the asset the plot is denominated in.

Open Transactions markets are any asset vs any asset at any scale that is a power of ten. So you can trade any pairs you want with it.

-MarkM-

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January 27, 2014, 11:12:44 PM
 #4665

I bought some DVC shares in Cryptoctocks to start my DVC portfolio..Can anyone suggest to me the best places to grow and invest my DVC and build a little portfolio? I hathc out DVC from 2 faucets and I entered one giveaway and have now so far nearly 3k DVC..I am trying every day to hatch and grow more DVC.. Smiley
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January 28, 2014, 12:15:55 AM
 #4666

The plots are something I made to help me interpret it all, since from just looking at the tables of numbers I could not see at a glance what was going up or down according to what.

Basically in the plots anything going up or down is doing to relative to the asset the plot is denominated in.

Open Transactions markets are any asset vs any asset at any scale that is a power of ten. So you can trade any pairs you want with it.

-MarkM-


Maybe you can explain to everyone how something like devcorp has estimated assets of over 4514647467611 dvc?

If people requested their dvc where would they get it from?
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January 28, 2014, 12:59:52 AM
 #4667

There is no need for a bidding war as bounties can start low and be raised if no one takes them.

The bidding war will be as the bounty sinks to the equivalent of $3/hour which is the wage many good Asian programmers are willing/able to work.

- Nova

From an open source perspective, isn't that still a good thing? Ultimately most open source being released now is done for free. By floating the value of open source on the free market, what's being said is that open source software is worth more than nothing, but how much more is completely up to the overall market, which is a global one. It would be nice for devs to be paid better wages, but I don't think devcoins are really best suited for that...dvc is more geared towards getting open source software for the cheapest possible nonzero price.

Companies having an avenue to find cheap developers for bounties isn't really a big consideration for the sdevcoin project, because there are tons of ways to get them to do that already. While the devs might want dvc payment, there's nothing stopping them accepting any other currency and converting themselves. The real innovation here is the increase of reward to open source developers, who were previously working for nothing.
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January 28, 2014, 01:29:37 AM
 #4668

The plots are something I made to help me interpret it all, since from just looking at the tables of numbers I could not see at a glance what was going up or down according to what.

Basically in the plots anything going up or down is doing to relative to the asset the plot is denominated in.

Open Transactions markets are any asset vs any asset at any scale that is a power of ten. So you can trade any pairs you want with it.

-MarkM-


Maybe you can explain to everyone how something like devcorp has estimated assets of over 4514647467611 dvc?

If people requested their dvc where would they get it from?

That is what happens when you try to use cryptocoins as "units of account".

It is just like what they do at those market cap sites. You take the purported current value of one coin and pretend that it will not change no matter how many you are speaking of.

You get the same kind of effect if you try to express the assessed tax value of a town or city and stuff like that.

Cryptocoins act weird as units of account. Dollars would maybe do the same too if you used them to try to measure things that are very large compared to the number of dollars that have been printed or even the number purportedly in bank balances.

Maybe the numbers make more sense when expressed in Martian BotCoins?

-MarkM-

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January 28, 2014, 02:14:00 AM
 #4669

I have come up with an idea for a Devcoin Community Fund.

The basic concept is to provide:

A purchase point for the public to buy DVC
An exchange point for members to exchange DVC to USD
A platform for commerce to engage with DVC (payment gateways, exchange etc)
A platform for building community awareness of new Devcoin Developments and Bounties
A platform for networking between Investors and Developers
A mechanism for community consultation on the value of bounties

http://www.devtome.com/doku.php?id=devcoin_fund

I believe it has enough merit to dare expose it to you mob for scrutiny and I would really like your feedback however:

I want to start this whole thing from the right place and one of the underlying principles is to support excellent work already completed in the Devcoin community so I am going to move this discussion to the Official Devcoin Site forum to continue.

http://coinzen.org/index.php?topic=70.0



Right....

Well its only 11.30am..If I get to bed before 12 it will still count as yesterdays sleep Wink


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January 28, 2014, 06:12:19 AM
 #4670

Quote
Seed Node

2/5 of a share for a devcoin seed node.

I'd like to put in a claim for this bounty if it's still running.

The node has been running successfully all weekend, and currently has 124 connections.

dvcnode.blisteringdevelopers.com:52333

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January 28, 2014, 07:19:29 AM
 #4671

Quote
Seed Node

2/5 of a share for a devcoin seed node.

I'd like to put in a claim for this bounty if it's still running.

The node has been running successfully all weekend, and currently has 124 connections.

dvcnode.blisteringdevelopers.com:52333



Which version of the client?
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January 28, 2014, 07:37:53 AM
 #4672

Quote
Seed Node

2/5 of a share for a devcoin seed node.

I'd like to put in a claim for this bounty if it's still running.

The node has been running successfully all weekend, and currently has 124 connections.

dvcnode.blisteringdevelopers.com:52333



Which version of the client?

80501 - compiled it from source from a git clone of https://github.com/sidhujag/devcoin
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January 28, 2014, 07:42:54 AM
 #4673

Quote
Seed Node

2/5 of a share for a devcoin seed node.

I'd like to put in a claim for this bounty if it's still running.

The node has been running successfully all weekend, and currently has 124 connections.

dvcnode.blisteringdevelopers.com:52333



Which version of the client?

80501 - compiled it from source from a git clone of https://github.com/sidhujag/devcoin

Cool ill add it to the android wallet seeds.
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January 28, 2014, 02:06:07 PM
 #4674

There is no need for a bidding war as bounties can start low and be raised if no one takes them.

The bidding war will be as the bounty sinks to the equivalent of $3/hour which is the wage many good Asian programmers are willing/able to work.

- Nova

From an open source perspective, isn't that still a good thing? Ultimately most open source being released now is done for free. By floating the value of open source on the free market, what's being said is that open source software is worth more than nothing, but how much more is completely up to the overall market, which is a global one. It would be nice for devs to be paid better wages, but I don't think devcoins are really best suited for that...dvc is more geared towards getting open source software for the cheapest possible nonzero price.

Companies having an avenue to find cheap developers for bounties isn't really a big consideration for the sdevcoin project, because there are tons of ways to get them to do that already. While the devs might want dvc payment, there's nothing stopping them accepting any other currency and converting themselves. The real innovation here is the increase of reward to open source developers, who were previously working for nothing.

Programming for $3 per hour and DevTome entries at $20-$50 hour. Is something wrong with this picture?

Programmers are already racing to the bottom by bidding against each other for proprietary development work. If the best that can be done is to mimic that equity (or non-equity as the case may be) then what is the point of this project?

Open Source programmers working for free are working on projects that they choose to do not projects that some marketeer has asked them to do. It appears to me that what you are suggesting is like having a carpenter that chooses to work for free on Habitat for Humanity Homes and then someone expecting them to build a house for them at $3 per hour because they built that other one for nothing.

If we do not think outside of the box for this project it will be here`s the new boss the same as the old boss.

- Nova

DVC Address : 1EfsiVUECqmR5Qx7C4PkmwadDXYuSGzssL
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January 28, 2014, 02:35:53 PM
 #4675

If I was to start a DVC valued mutual investment fund would I be entitled to any DVC bounties?  If so how many DVC would the bounty be?
What is a 'DVC valued mutual investment fund'? What would it invest in, forecast returns, how etc?
There are bounties for businesses and pools http://devtome.com/doku.php?id=devcoin_bounty_now
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January 28, 2014, 04:03:10 PM
 #4676

If I was to start a DVC valued mutual investment fund would I be entitled to any DVC bounties?  If so how many DVC would the bounty be?
What is a 'DVC valued mutual investment fund'? What would it invest in, forecast returns, how etc?
There are bounties for businesses and pools http://devtome.com/doku.php?id=devcoin_bounty_now

At first it would act as a pass-through for 5,000 NEOBEE shares, ~BTC1.00 of Kenilworth shares and ~BTC1.00 SFI shares.  With 50% of the dividends the fund receives reinvested into more shares and new securities possibly as well.  Then 30% paid out in dividends and 20% used for a management fee.  The investment fund would be listed on Cryptostocks.

I've run a successful investment fund LTCI on LTC Global before its closure.  Plus, I founded - www.redstarmining.com - which is now in its third year of operation.

I see six shares are reserved for up to four investment business plans.  How much is a share worth?

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January 28, 2014, 05:56:35 PM
 #4677

At first it would act as a pass-through for 5,000 NEOBEE shares, ~BTC1.00 of Kenilworth shares and ~BTC1.00 SFI shares.  With 50% of the dividends the fund receives reinvested into more shares and new securities possibly as well.  Then 30% paid out in dividends and 20% used for a management fee.  The investment fund would be listed on Cryptostocks.

I've run a successful investment fund LTCI on LTC Global before its closure.  Plus, I founded - www.redstarmining.com - which is now in its third year of operation.

I see six shares are reserved for up to four investment business plans.  How much is a share worth?
So that's basically a bet on NEOBEE outperforming dvc/btc, because fund price would move inversely to dvc price.

Shares are a share of dvc generation in each round, so the dvc value isn't fixed until round end which in this case is about 9th Feb (currently ~200k dvc per share): http://dvccountdown.blisteringdevelopers.com/
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January 28, 2014, 06:14:45 PM
 #4678

At first it would act as a pass-through for 5,000 NEOBEE shares, ~BTC1.00 of Kenilworth shares and ~BTC1.00 SFI shares.  With 50% of the dividends the fund receives reinvested into more shares and new securities possibly as well.  Then 30% paid out in dividends and 20% used for a management fee.  The investment fund would be listed on Cryptostocks.

I've run a successful investment fund LTCI on LTC Global before its closure.  Plus, I founded - www.redstarmining.com - which is now in its third year of operation.

I see six shares are reserved for up to four investment business plans.  How much is a share worth?
So that's basically a bet on NEOBEE outperforming dvc/btc, because fund price would move inversely to dvc price.

Shares are a share of dvc generation in each round, so the dvc value isn't fixed until round end which in this case is about 9th Feb (currently ~200k dvc per share): http://dvccountdown.blisteringdevelopers.com/


Wonder if I can short that Tongue
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January 28, 2014, 09:09:59 PM
 #4679

At first it would act as a pass-through for 5,000 NEOBEE shares, ~BTC1.00 of Kenilworth shares and ~BTC1.00 SFI shares.  With 50% of the dividends the fund receives reinvested into more shares and new securities possibly as well.  Then 30% paid out in dividends and 20% used for a management fee.  The investment fund would be listed on Cryptostocks.

I've run a successful investment fund LTCI on LTC Global before its closure.  Plus, I founded - www.redstarmining.com - which is now in its third year of operation.

I see six shares are reserved for up to four investment business plans.  How much is a share worth?
So that's basically a bet on NEOBEE outperforming dvc/btc, because fund price would move inversely to dvc price.

Shares are a share of dvc generation in each round, so the dvc value isn't fixed until round end which in this case is about 9th Feb (currently ~200k dvc per share): http://dvccountdown.blisteringdevelopers.com/


Yeah, it's an investment veichle as DVC is inflationary in nature IIRC.  So putting DVC in crypto-coin based stocks would appeal to some DVC investors who want to stay within the DVC markets.

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January 28, 2014, 09:34:46 PM
 #4680

Yeah, it's an investment veichle as DVC is inflationary in nature IIRC.  So putting DVC in crypto-coin based stocks would appeal to some DVC investors who want to stay within the DVC markets.
Ok. I wasn't necessarily being negative on a fund level, there was another dvc pass-through with similar inverse dynamics that did well as dvc fell, and would be same for any non-dvc origin investment. 20% management is high, esp if capital returns don't work out. Yes dvc has constant generation to achieve constant funding.
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