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Author Topic: [DVC]DevCoin - Official Thread - Moderated  (Read 951725 times)
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RepublicSpace
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May 10, 2014, 10:39:40 AM
 #5541

I understand Devcoin, but I really don't see this currency taking off. There's no incentive to use it. There's no sound monetary protocol. And the market clearly does not see it as any more advantageous than other currencies.

I get the ethical standpoint, but again, as a developer or creative artist, the question remains:
Why demand devcoin over bitcoin?
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May 10, 2014, 12:28:13 PM
 #5542

I understand Devcoin, but I really don't see this currency taking off. There's no incentive to use it. There's no sound monetary protocol. And the market clearly does not see it as any more advantageous than other currencies.

I get the ethical standpoint, but again, as a developer or creative artist, the question remains:
Why demand devcoin over bitcoin?
A currency should have static inflation instead of 0. Bitcoin is more of a commodity. A currency needs a formal process to be able to accept work for payment.. Devcoin is the only currency that does that and its a distributed pay for work scheme.

You get the best of both worlds. Mining power without giving all coins to miners aswell as giving coins for work done. It is better than any other alt out there I believe market hasnt taken notice yet.

Now I created a new type of pay for work which is a business I created (a penny auction site): devcoinauctions.com

The site is compensated by devcoin shares to offer items for sale and profits are given back to devcoin so basically I can envision tons of businesses competing for shares and bidding up the devcoin market price as a result. The incentive to do that would be 1) marketing the conpany under the devcoin community model 2) have community help with the business thru work needing to be done paying by shares 3) Business operator gets paid in shares to run the site as work..
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May 10, 2014, 02:54:13 PM
 #5543

https://www.mintpal.com/voting#DVC

Vote as many times as you like and post your votes and wallet here.

~★DVC★~ 100k Devcoin Giveaway!! ~★DVC★~ Vote on MintPal ~★DVC★~

Repeat again every hour.
Double your payout for 6 votes in 24 hours!!

Very good, one week has passed and Devcoin has gone from 23rd place to 21th.


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May 11, 2014, 11:36:41 PM
 #5544

https://www.mintpal.com/voting#DVC

Vote as many times as you like and post your votes and wallet here.

~★DVC★~ 100k Devcoin Giveaway!! ~★DVC★~ Vote on MintPal ~★DVC★~

Repeat again every hour.
Double your payout for 6 votes in 24 hours!!

Very good, one week has passed and Devcoin has gone from 23rd place to 21th.




10 more votes will move us to 20th Wink

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May 12, 2014, 12:19:48 AM
 #5545

Why demand devcoin over bitcoin?

Yes, but with devcoin:

You don't have to go thru the process of the free market to find someone who likes your work well enough to be willing to pay you in bitcoin.

So, you are free to just do what you like, free your mind, and just do the art... post it online... follow the devcoin rules, and voila, devcoins arrive in your wallet.

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May 12, 2014, 12:22:05 AM
 #5546

10 more votes will move us to 20th Wink

Very good melodiem. Soon we reach the goal.

Meanwhile I buy some more DVC. :-)

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May 12, 2014, 12:51:06 AM
 #5547

Why demand devcoin over bitcoin?

Yes, but with devcoin:

You don't have to go thru the process of the free market to find someone who likes your work well enough to be willing to pay you in bitcoin.

So, you are free to just do what you like, free your mind, and just do the art... post it online... follow the devcoin rules, and voila, devcoins arrive in your wallet.

The issue is there still has to be value in Devcoin. If everyone is earning coins (180m a month) and nobody is buying, it doesn't matter if you have 10k or 10 trillion of them: they are worthless.

We need to find ways to get money in to the system. It's a lot like Bitcoin and what its problems were/are; people have to add money or the value goes down until it has none anymore.
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May 12, 2014, 12:55:23 AM
 #5548

10 more votes will move us to 20th Wink

Very good melodiem. Soon we reach the goal.

Meanwhile I buy some more DVC. :-)

I bought some, too. Can't wait till DVC get's to the 20th.
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May 12, 2014, 01:09:58 AM
 #5549

Why demand devcoin over bitcoin?

Yes, but with devcoin:

You don't have to go thru the process of the free market to find someone who likes your work well enough to be willing to pay you in bitcoin.

So, you are free to just do what you like, free your mind, and just do the art... post it online... follow the devcoin rules, and voila, devcoins arrive in your wallet.

The issue is there still has to be value in Devcoin. If everyone is earning coins (180m a month) and nobody is buying, it doesn't matter if you have 10k or 10 trillion of them: they are worthless.

We need to find ways to get money in to the system. It's a lot like Bitcoin and what its problems were/are; people have to add money or the value goes down until it has none anymore.

We need people to promote the auction site as it is functional now. This way if bitcoins or litecoins are used to bid on devcoin funded auctions then it will directly be used to buy devcoins at market and put into the devcoin community fund. Imagine once we have say 10 btc a d ay being used to bid on devcoin auctions, then that 10 btc will be used to buy devcoins and slowly create speculative demand aswell as people front-run the buying. Now imagine if there are 4 or 5 businesses similar to my devcoinauctions.com, then demand has nowhere to go but up.. it is forced to rise.
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May 12, 2014, 01:11:40 AM
 #5550

The issue is there still has to be value in Devcoin. If everyone is earning coins (180m a month) and nobody is buying, it doesn't matter if you have 10k or 10 trillion of them: they are worthless.

We need to find ways to get money in to the system. It's a lot like Bitcoin and what its problems were/are; people have to add money or the value goes down until it has none anymore.

Yes, but value in devcoin doesn't necessarily mean the value of the currency, but the value of all the stuff that is created by the developpers/artists.
(Ofcourse the latter will be reflected in the pricelevel of the first... but without the latter, the first one will not go anywhere.)

It's much like the problem wikipedia faces... they regularly ask for donations to keep everything running. They need to do this, and people gladly donate enough, because wikipedias content is very useful.

I think the value of devcoin will rise once we have a much better structure in our websites, so that artists, musicians, coders, writers, etc can find EXACTLY what they are looking for, and will therefor be thankful and possibly pay. I think the structure of devcoin content is still a mess, and missleading (where is the music, drawings, 3d art?)

It's great that devcoin exists... because it's unique and although we can't really say that it works well at the moment, we all have an expectation that some kind of true innovation for devcoin is around the corner.

We'll see.

Until then, I would love to see more integration of musicians, 3d designers etc...

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May 12, 2014, 01:16:48 AM
 #5551

We need people to promote the auction site as it is functional now. This way if bitcoins or litecoins are used to bid on devcoin funded auctions then it will directly be used to buy devcoins at market and put into the devcoin community fund. Imagine once we have say 10 btc a d ay being used to bid on devcoin auctions, then that 10 btc will be used to buy devcoins and slowly create speculative demand aswell as people front-run the buying. Now imagine if there are 4 or 5 businesses similar to my devcoinauctions.com, then demand has nowhere to go but up.. it is forced to rise.

I am reading the "how to" as we speak: http://devcoinauctions.com/how-it-works-2/

I have to let this sink in a little...

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May 12, 2014, 01:17:10 AM
 #5552

Why demand devcoin over bitcoin?

Yes, but with devcoin:

You don't have to go thru the process of the free market to find someone who likes your work well enough to be willing to pay you in bitcoin.

So, you are free to just do what you like, free your mind, and just do the art... post it online... follow the devcoin rules, and voila, devcoins arrive in your wallet.

The issue is there still has to be value in Devcoin. If everyone is earning coins (180m a month) and nobody is buying, it doesn't matter if you have 10k or 10 trillion of them: they are worthless.

We need to find ways to get money in to the system. It's a lot like Bitcoin and what its problems were/are; people have to add money or the value goes down until it has none anymore.

We need people to promote the auction site as it is functional now. This way if bitcoins or litecoins are used to bid on devcoin funded auctions then it will directly be used to buy devcoins at market and put into the devcoin community fund. Imagine once we have say 10 btc a d ay being used to bid on devcoin auctions, then that 10 btc will be used to buy devcoins and slowly create speculative demand aswell as people front-run the buying. Now imagine if there are 4 or 5 businesses similar to my devcoinauctions.com, then demand has nowhere to go but up.. it is forced to rise.

This is true. I think if we can come up with other businesses that revolve around throwing money into Devcoin (whether directly as fiat or indirectly through other coins), that could help out as well.

Yes, but value in devcoin doesn't necessarily mean the value of the currency, but the value of all the stuff that is created by the developpers/artists.
(Ofcourse the latter will be reflected in the pricelevel of the first... but without the latter, the first one will not go anywhere.)

It's much like the problem wikipedia faces... they regularly ask for donations to keep everything running. They need to do this, and people gladly donate enough, because wikipedias content is very useful.

I think the value of devcoin will rise once we have a much better structure in our websites, so that artists, musicians, coders, writers, etc can find EXACTLY what they are looking for, and will therefor be thankful and possibly pay. I think the structure of devcoin content is still a mess, and missleading (where is the music, drawings, 3d art?)

It's great that devcoin exists... because it's unique and although we can't really say that it works well at the moment, we all have an expectation that some kind of true innovation for devcoin is around the corner.

We'll see.

Until then, I would love to see more integration of musicians, 3d designers etc...

I think the things you brought up are separate projects from Devtome. The hard part is how you reward for things like the art and music. How are they evaluated? How do you determine what one is worth compared to the others? Devtome brings in advertising revenue, which gives a direct valuation to content. The others don't do that.
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May 12, 2014, 01:22:20 AM
 #5553

I think the things you brought up are separate projects from Devtome. The hard part is how you reward for things like the art and music. How are they evaluated? How do you determine what one is worth compared to the others? Devtome brings in advertising revenue, which gives a direct valuation to content. The others don't do that.

Don't do that yet. Why shouldn't "they" be able to do that.

Well, how do you determine what a devtome text is worth compared to others? It's not a very brilliant solution there too.  Wordcount is not a measure of quality. We would need some kind of voting system, etc etc.

But that's why I love devcoin so much.

It has opened an infinite amount of possibilites with no real solutions YET.

But this might change. That's the main reason I buy devcoin.

I like what this coin / community wants to be... I don't care that they have not yet achieved their goal.

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May 12, 2014, 01:52:13 AM
 #5554

I think the things you brought up are separate projects from Devtome. The hard part is how you reward for things like the art and music. How are they evaluated? How do you determine what one is worth compared to the others? Devtome brings in advertising revenue, which gives a direct valuation to content. The others don't do that.

Don't do that yet. Why shouldn't "they" be able to do that.

Well, how do you determine what a devtome text is worth compared to others? It's not a very brilliant solution there too.  Wordcount is not a measure of quality. We would need some kind of voting system, etc etc.

But that's why I love devcoin so much.

It has opened an infinite amount of possibilites with no real solutions YET.

But this might change. That's the main reason I buy devcoin.

I like what this coin / community wants to be... I don't care that they have not yet achieved their goal.

The word count is only around 60% of the value. The rest is generated through ratings and popularity (which equates to advertising revenue). So really, we are already progressing further in terms of determining what it's worth.

I do feel that we need some more stringent rules on the shares, but the problem is that would require a more centralized group of people to handle evaluating text and such. I, for example, believe that a high-quality writer should be paid more than a low-quality one. The question the comes from where quality is derived from. As of right now that's based on popularity and ratings.
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May 12, 2014, 04:20:30 AM
 #5555

10 more votes will move us to 20th Wink

Very good melodiem. Soon we reach the goal.

Meanwhile I buy some more DVC. :-)

I bought some, too. Can't wait till DVC get's to the 20th.

Keep voting, we are at 20 now and rising Wink

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May 12, 2014, 04:43:08 AM
 #5556

Have you guys 'dev'd' anything or is it just a fun name?
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May 12, 2014, 05:35:39 AM
 #5557

Have you guys 'dev'd' anything or is it just a fun name?

devcoinauctions.com, devtome.com are the businesses and many other projects including coinzen.org which is our forum... you should join. There are bounties for you to work on.
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May 12, 2014, 05:38:05 AM
Last edit: May 12, 2014, 08:30:18 AM by Hunterbunter
 #5558

Have you guys 'dev'd' anything or is it just a fun name?

Most of the dev'd stuff so far has been about building the framework to make future collaboration possible. There are always bounties open for open-source related stuff here: http://www.devtome.com/doku.php?id=devcoin_bounty_now and on the official devcoin bounty thread on coinzen (a forum generated through dev bounties): http://coinzen.org/index.php/topic,150.0.html

Right now the biggest project has been devtome: http://www.devtome.com a collection of writing works by 180+ writers. People write and get paid in devcoins, based on content reviews, pageviews and so on. This provides a platform for any author to write what they passionate about and get paid a share of devcoins for their effort. Their pay is moderated by popularity (usefulness) and ratings from people on this list: http://www.devtome.com/doku.php?id=devtome_rater.

It's a slow process, but that's because it's more like an ion drive than a chemical rocket. Over time it picks up more speed, at the lowest cost possible, building upon the previous foundation at every step. One day, just like bitcoins were for many people when it first arrived, it will gain enough momentum for critical mass. Even though the price drops, people keep writing and increase competition for generation devcoins, because they become invested with the ideal, and their presence and long term interest forms the basis for the true value of devcoins.

Devcoins are unique in what they offer. Not just "another coin" (it predates most alt-coins, being created in 2011), but as a way of recording human-effort in a block-chain. Checkout http://dvccountdown.blisteringdevelopers.com/ and browse the different rounds with an empty username to see what has been created through the devcoin incentive. Most of it is all internal related, but at some point this will become external, and early investors will reap enormous returns.

Devcoin Auctions are the first real community inspired business that actively seeks devcoins, and create inputs to the devcoin price (http://devcoinauctions.com). There are many more to come.

Bitcoiners talk about going to the moon. Devcoiners aim for the stars.

(sorry)
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May 12, 2014, 07:15:55 AM
 #5559

Ok yes I can see you are trying to reduce the workload for forum admins and moderators and let the posters of the threads take responsibility of the site through their posts. So yeah again i'll look to see if this can be implemented on SMF as i got a few SMF forum sites running now and that would probably help out the admins on those sites to
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May 12, 2014, 08:32:53 AM
 #5560

Ok yes I can see you are trying to reduce the workload for forum admins and moderators and let the posters of the threads take responsibility of the site through their posts. So yeah again i'll look to see if this can be implemented on SMF as i got a few SMF forum sites running now and that would probably help out the admins on those sites to

Coinzen.org?
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