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Author Topic: [DVC]DevCoin - Official Thread - Moderated  (Read 666822 times)
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papacrush
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June 13, 2018, 01:49:18 AM
 #7541

I want to give authority to Novacadian to hand out up to 12 shares per round to help Steemit or save it from corruption.

Novacadian agreed to do this. If Novacadian becomes corrupt and starts giving away shares for no reason, which I do not expect at all, then Novacadian would lose the share authority. Any objections?

No objection, Nova is a cool guy and I trust him 100%

I fully support Novacadian!  Excellent choice.
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June 14, 2018, 05:16:47 AM
Merited by FuzzyBear (1)
 #7542

Hi all,

Just wanted to voice a few thoughts after having been catching up on a few threads and other coins etc.  

Firstly exchange listings and new exchanges.

Again huge hats off to CYTA for their hard work on following up on the exchanges and managing to get Devcoin listed on 2 new exchanges.  
I would recommend 2 things now.  

1. I dont think we need to pay anyone to list Devcoin on their exchange.  Any funds put into such would probably be wasted and could have been used to help buy up the devcoins and increase the DVC price overall.

2. It seems there are a number of other cryptocoins and assets that have been hit by exchanges hacked running off with money etc and a fair few looking about to try find new exchanges to list their cryptocoin (IXCoin, Feathercoin, BBQCoin, WorldCoin) just a few that popped up and saw on their threads or coinmarketcap they no longer listed on exchange etc.  Again IXC is a merge mined coin just like devcoin and been around about as long so maybe https://freiexchange.com would be interested in listing that coin.

point 2 will help bring greater volume to the exchange and thus show it up as a place to arbitrage the price against other exchanges and help boost the revenue for https://freiexchange.com so they can develop more features and attract more users etc.  We can help spread the word of this nice exchange we have found and see if we can help drive crypto traders to the exchange.

Next point I see people are talking about the need for people to be able to spend devcoins on real life products, items and services etc.  I might be willing to run another share passthrough like I did on cryptostocks with the ASICMiner Devcoin Passthrough but I am yet to find any BTC or crypto stock investments that would be a fairly safe investment to start up such a service for the devcoin community.  Anyone any ideas for investments? or anyone know of a platform that I could setup a passthrough for shares like this on? If not I might look into making my own site if enough interest.

Fuzzybear

Fuzzy, I would recommend you get in touch with the DMD Diamond team and pick their brains about passthrough investments. They don't do this any more but for several years they ran a successful "cloud mining" operation using Nice Hash and others where you could donate BTC in exchange for shares and those shares entitled you to a certain amount of profits paid out in DMD. That kept some upward pressure on the market price, and it was a nice little income source. I don't know too much about the details, but I figure that you could learn more from them. Their Bitcoin Talk thread is https://bitcointalk.org/index.php?topic=580725

I'd like to see something like a passthrough share again, and the above is my only idea right now.

I do believe the fact that every month 180 million new Devcoins are created may be problematic. It's just too much. We're creating them faster than our ecosystem is able to absorb them. I know that the DNotes team felt that the supply of DNotes was expanding too quickly through Scrypt mining, so when they upgraded to version 2.0, which is a POS coin, they set it up in such a way that the supply of coins would increase at a much lower rate. And DNotes only had about 150 million in circulation at that time and the beginnings of a well developed ecosystem. So if that supply was expanding too quickly, what can be said of a coin whose supply expands by even more than that each and every month?

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June 15, 2018, 01:03:22 PM
 #7543

I do believe the fact that every month 180 million new Devcoins are created may be problematic.

The last estimate found in a search suggested steem is being produced at about +/- 900,000 per 30 day month. Their deflation rate will take them to 95% less than present production, eventually, yet never to zero. The following link is an analysis post on the math behind steem production. We would do well tailoring DVC in a simular fashion, in my opinion. There needs to be some form of deflation built into the coin for its long term survival. steem has a natural hording through users powering up their steem to steem power (SPs), which DVC does not have.

https://steemit.com/steemit/@fatboyjames/how-much-new-steem-is-created-everyday

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June 17, 2018, 02:34:14 AM
 #7544

Where is that second DVC market? Can someone please post a link? Volume on Frei Exchange is completely nonexistent, so I thought I'd see if there was anything going on with the other DVC market. Thanks.

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