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Author Topic: [DVC]DevCoin - Official Thread - Moderated  (Read 954312 times)
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smeagol
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January 30, 2014, 01:11:25 AM
 #4741

This is old news but you know how DOGE was used to support an Olympic team? Right after that the price skyrocketed and DOGE gained more popularity through the news. Do you think something such as this would be beneficial to devcoin?
-AM

Nice, but what should we fund?

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JohnnyCryptoCoin
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January 30, 2014, 01:53:44 AM
 #4742

This is old news but you know how DOGE was used to support an Olympic team? Right after that the price skyrocketed and DOGE gained more popularity through the news. Do you think something such as this would be beneficial to devcoin?
-AM

Nice, but what should we fund?

http://opensourceecology.org/

Seems like projects like this would be inline with the goals of the coin and bring great exposure.

Start small and fund a build of a Power Cube or a loose earth brick layer.

The publicity would be great, the builds are open source and already proven.

It's for these types of projects that I've invested in the coin. I think they will pair up nicely.
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January 30, 2014, 01:55:23 AM
 #4743

so, i'm guessing this is a bot in action?
http://i.imgur.com/YqUqJVn.png
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January 30, 2014, 02:00:28 AM
 #4744

Bots are generally closely guarded secrets because they're so powerful. They take away the emotions of trading, so you can set a strategy and just let it go


I am seriously uncomfortable with the entire thing, to write for Devtome forces me to become a currency trader, something I wouldn't do in any other environment to get paid for my work.  I suspect a lot of newcomers are going to be challenged by it as well so a bot would be awesome and might make this just a little less traumatic for some of us Smiley

If you are able to make one for commercial sale, would it ever be affordable for a writer or developer being paid in DVC?

Quote
The thing with markets is you'll never know if you're actually taking advantage of fear or if you're simply providing liquidity (ie someone is genuinely purchasing/selling them for an intended use). It's a bit like how some countries have the practice where there's only one real bullet in a firing squad, so no individual shooter knows if they were the one that took the life.

I think though, that real success in trading means actually hoping and even being a bit delighted by fear/negative forces to help with that success. In the end, those who might not be as hard-nosed or cant afford to lose so they react to fear, are always going to be the losers. (IMO)

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January 30, 2014, 02:32:34 AM
 #4745

Bots are generally closely guarded secrets because they're so powerful. They take away the emotions of trading, so you can set a strategy and just let it go


I am seriously uncomfortable with the entire thing, to write for Devtome forces me to become a currency trader, something I wouldn't do in any other environment to get paid for my work.  I suspect a lot of newcomers are going to be challenged by it as well so a bot would be awesome and might make this just a little less traumatic for some of us Smiley

If you are able to make one for commercial sale, would it ever be affordable for a writer or developer being paid in DVC?


Definitely, I personally want to see the devcoin project succeed, and if releasing a bot at an affordable price means there's one less down side to accepting payments in devcoins, I'll consider that a win. To make one that works with all the various exchanges and coins and everything, it's a lot of time I have to take away from my other important projects. The EMA-Volatility algorithm I wrote is for people who want to hold on to some coins (in case it goes to the moon!), but keep some in reliable cash in case it doesn't, as well as earn some interest just for providing market liquidity. You can add/withdraw from your account in either currency and it'll automatically adjust to the new balances. In that regard it's a bit like an interest bearing savings account...but managed by a bot.

I do need help working out what an affordable price is, though...anyone have any ideas?

Quote
The thing with markets is you'll never know if you're actually taking advantage of fear or if you're simply providing liquidity (ie someone is genuinely purchasing/selling them for an intended use). It's a bit like how some countries have the practice where there's only one real bullet in a firing squad, so no individual shooter knows if they were the one that took the life.

I think though, that real success in trading means actually hoping and even being a bit delighted by fear/negative forces to help with that success. In the end, those who might not be as hard-nosed or cant afford to lose so they react to fear, are always going to be the losers. (IMO)

That's right - I've heard it said that the ratio of psychopaths to normal people are higher in CEO positions than any other profession. I'll bet day-trading wouldn't be far behind...and I actually wrote the bot because I was a terrible fear driven trader lol.
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January 30, 2014, 02:47:25 AM
 #4746

..
That's right - I've heard it said that the ratio of psychopaths to normal people are higher in CEO positions than any other profession. I'll bet day-trading wouldn't be far behind...and I actually wrote the bot because I was a terrible fear driven trader lol.

Indeed, CEO is the top profession for psychopaths:
http://www.policymic.com/articles/72653/these-are-the-10-most-psychopathic-jobs-in-america

however, accountants are the tenth least psychopathic profession. What makes a profession fit for psychopaths is not stress, but dishonesty. That's why the list starts with:

CEO
Lawyer
Media
Salesperson

I don't think daytrading is a good profession for a psychopath because there's nothing to be gained by lying.

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January 30, 2014, 02:50:20 AM
 #4747

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

I'm awarding you the ongoing 2/5 of a share bounty for the seed node. Please contact Mark to make sure it's set up properly, he lists the seed nodes on his domain.

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January 30, 2014, 02:52:45 AM
Last edit: January 30, 2014, 03:25:22 AM by Unthinkingbit
 #4748

..
http://opensourceecology.org/

Seems like projects like this would be inline with the goals of the coin and bring great exposure.

Start small and fund a build of a Power Cube or a loose earth brick layer.

The publicity would be great, the builds are open source and already proven.

It's for these types of projects that I've invested in the coin. I think they will pair up nicely.

The problem is we can't afford to fund hardware yet. Our bounties are small compared to the amount needed to build things, so the hardware bounties we made have either been received complaints or been ignored.

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January 30, 2014, 02:53:10 AM
 #4749

Bots are generally good as a supplement to trading when the human can descern the market conditions like ranging vs trending. You set different strategies based on the condition..

Yes walllstreet actually have a very high pct of phsycos its a known fact.

The bots that usually are more set and forget are the high volume high frequency trading bots that front run liquodity because the liquidity providers usually offer a last look feature that allows their bots to scalp all day for billions $. If we try to take advantage of the last look you simply get requoted unless your on the in.

I suspect high frequency to start coming in crypto space as liquidity rises and
bigger funds want to play.

Ema or any indicator based strategy is best used under guidance and heavily monitored when conditions are changing or a news event occurs.
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January 30, 2014, 03:00:11 AM
 #4750

..
That's right - I've heard it said that the ratio of psychopaths to normal people are higher in CEO positions than any other profession. I'll bet day-trading wouldn't be far behind...and I actually wrote the bot because I was a terrible fear driven trader lol.

Indeed, CEO is the top profession for psychopaths:
http://www.policymic.com/articles/72653/these-are-the-10-most-psychopathic-jobs-in-america

however, accountants are the tenth least psychopathic profession. What makes a profession fit for psychopaths is not stress, but dishonesty. That's why the list starts with:

CEO
Lawyer
Media
Salesperson

I don't think daytrading is a good profession for a psychopath because there's nothing to be gained by lying.


Its not about lying its about recklessness.. something traders in ny and london thrive in. The more reckless thr better aslong as u dont lose your shirt then your a sucker.. until then keep playing the game.. they use bailout funding and tax payers and peoples retirement/investment funds to play this game so its not even theirs and they are reckless with it. Mayne thats why they dont care.
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January 30, 2014, 03:04:39 AM
 #4751

I am working on something, but I am not sure it is what you all want since every time I bring it up there are 5 different ideas about what it should be. Smiley  it is at http://dev-co.in/bounties.php.  It isn't anywhere near done yet and I don't have time tonight to work on it more, maybe tomorrow! Smiley

Ok, so I lied I worked on it a little tonight. You still have to log in with your devtome id if you want to see anything, but tomorrow I will work a little more on the back end and the flow a little more.

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Unthinkingbit
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January 30, 2014, 03:09:55 AM
Last edit: January 30, 2014, 03:24:47 AM by Unthinkingbit
 #4752

..
One of my first guides was a  guide on Dr.Mundo. This character can fill different roles so the gameplay will be totally different but his native "skills" will remain the same. I was on my way to write the second guide on the same character but I was annoyed that I will have to copy/paste an entire paragraph. So I asked weisoq if some Tag or some code existed to cut off a paragraph from the word count script ! Weisoq answered that it didnt existed yet. He said that I will have to put some links from the original page. I wasn't satisfied with this solution as I want any guide to be a "stand alone" and so to gather the whole information on the same page. So in the end I didn't wrote the second guide at all as it will not be as "reader friendly" as I want. Maybe I will do it later with the actual solution. But i will be happy to copy paste my skill description and cut it off the count if this solution is available some day.
..

Devtome.py now checks for identical sentences, and doesn't add the copies to the word count, only the original sentence is counted. So please copy and paste skill descriptions and everything else. Templates are good. There is no longer a need to use a wiki tag to insert identical paragraphs.

unclejed613
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January 30, 2014, 05:13:15 AM
 #4753

bots may make the trading game interesting for the most part.... the example of what i think may be a bot trading pattern, didn't change the average price, or the overall trend. what i would worry about with a bot, is if somebody comes up with a bot that consistently moves the price up or down on a certain coin, and uses it to gain leverage.... if that were to happen with regular stocks and bonds. it would be illegal.... 

what it looked like to me on the graph i posted, was a bot doing trades within a very narrow trading range at low volumes, but enough to skim a small percentage off of each trade, which, accordint to the volume graph is probably "small potatoes", but probably a significant margin for the person running the bot.... turning a few hundredths of a DGC into a few tenths of a DGC in the space of two hours. it also may only work on a small scale because of the effects of volume.
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January 30, 2014, 05:18:14 AM
 #4754

bots may make the trading game interesting for the most part.... the example of what i think may be a bot trading pattern, didn't change the average price, or the overall trend. what i would worry about with a bot, is if somebody comes up with a bot that consistently moves the price up or down on a certain coin, and uses it to gain leverage.... if that were to happen with regular stocks and bonds. it would be illegal.... 

what it looked like to me on the graph i posted, was a bot doing trades within a very narrow trading range at low volumes, but enough to skim a small percentage off of each trade, which, accordint to the volume graph is probably "small potatoes", but probably a significant margin for the person running the bot.... turning a few hundredths of a DGC into a few tenths of a DGC in the space of two hours. it also may only work on a small scale because of the effects of volume.


Also don't forget the fees Smiley

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January 30, 2014, 05:21:23 AM
 #4755

the fees on this exchange (crypto-trade) are 0.2%, so if the trading range for the bot is 1%, the bot still makes 0.6% per cycle( 0.2% up+ 0.2% down would account for the other 0.4%)
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January 30, 2014, 05:26:33 AM
 #4756

the fees on this exchange (crypto-trade) are 0.2%, so if the trading range for the bot is 1%, the bot still makes 0.6% per cycle( 0.2% up+ 0.2% down would account for the other 0.4%)
oh I know Smiley I do it by hand, Mark got me started on it, I haven't taken the time to do a bot yet and really recently it's been kinda level for DVC though it is getting closer to my buy limits Smiley  Would be nice to see a good bot script open sourced, that wasn't just a shotgun bot. The earlier algo posted looked interesting too, would be nice to see that transformed into Python...  So much to do, so little time! Smiley

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January 30, 2014, 09:45:52 AM
 #4757

I also have something that may work for all of this, but we will need iterations of testing... whatever dalamar comes up with maybe I can work on adding it to my thing as well.
A private exchange or auction is more complicated. I'd never even heard of a penny auction before discussion here and there seems to be contention, as well as possibly some conflicts of interest between potential users and 'developers'.

I'm all for devcoin goods and services, but personally havent got my head around how to make a devcoin exchange work properly. I think more clarity on what people want - stuff or 'work-exchange' or 'open-source work exchange' etc - then how/why a devcoin platform rather than bitcoin or $ would work, is needed.

That's why I just suggested a basic official bounty site. If that proves to work out, it should give better idea of dynamics. But that's all just my opinion and doesn't stop anyone else having other views and working on them.
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January 30, 2014, 10:51:24 AM
 #4758

bots may make the trading game interesting for the most part.... the example of what i think may be a bot trading pattern, didn't change the average price, or the overall trend. what i would worry about with a bot, is if somebody comes up with a bot that consistently moves the price up or down on a certain coin, and uses it to gain leverage.... if that were to happen with regular stocks and bonds. it would be illegal.... 

That's one of the things about bitcoins/crypto's, a lot of normally illegal stuff is fair game here. It's generally unregulated until someone with the power to do anything catches on. The early days was rife with scamming and pyramid schemes and all sorts of things.

It wouldn't surprise me if these bots already existed, but at least with bitcoins, it's a lot harder to have the capital reserve to make it work. The other currencies (especially devcoins) would be a bit more vulnerable, although with enough people using markm's shotgun approach even bots will start having a harder time trying to make a profit like that.

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January 30, 2014, 11:17:06 AM
 #4759

bots may make the trading game interesting for the most part.... the example of what i think may be a bot trading pattern, didn't change the average price, or the overall trend. what i would worry about with a bot, is if somebody comes up with a bot that consistently moves the price up or down on a certain coin, and uses it to gain leverage.... if that were to happen with regular stocks and bonds. it would be illegal.... 

That's one of the things about bitcoins/crypto's, a lot of normally illegal stuff is fair game here. It's generally unregulated until someone with the power to do anything catches on. The early days was rife with scamming and pyramid schemes and all sorts of things.

It wouldn't surprise me if these bots already existed, but at least with bitcoins, it's a lot harder to have the capital reserve to make it work. The other currencies (especially devcoins) would be a bit more vulnerable, although with enough people using markm's shotgun approach even bots will start having a harder time trying to make a profit like that.



You all make it sound soooo wonderful..... is this just to frighten us newbie's before the payout?  Tongue

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January 30, 2014, 11:36:44 AM
 #4760

You all make it sound soooo wonderful..... is this just to frighten us newbie's before the payout?  Tongue

Lol sorry...I've just been around cryptos a while...I'm sure it's better now.
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