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Author Topic: [DVC]DevCoin - Official Thread - Moderated  (Read 1053535 times)
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realdantreccia
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August 27, 2019, 11:27:17 PM
 #7981

Getting our tokens listed on sites that provide windows into STELLAR or HORIZON likely requires negotiation and likely also some kind of requirements we'd have to meet.

I expect that they will tend to want there to exist automated gateways for converting real coins on the blockchain back and forth from being tokens on the platform.

The problems with that are

(1) "Example" free open source code provided to do that part explicitly says it is not fit for production use so I don't and won't use it.

(2) The examples I have seen (for Stellar) assume you will issue (mint) tokens as real coins on blockchain are received from customer and de-mint them (return them to issuing account) when you cash them out back to real coins on blockchain. I do not find that an appropriate approach, for one thing it looks too much like the customer is making a deposit. I need to only be giving the customer already-existing tokens not minting and destroying tokens on-demand. That way I can be sure I really do have the coins on blockchain matching each token on the platform ahead of time, and be issuing tokens representing coins that are safe somewhere not freshly arrived from a customer into some kind of hot wallet. Ideally I secure coins in deepfrozen wallets in safety-deposit boxes and/or treasure chests buried on remote treasure islands before issuing tokens representing them, and hope my decendants / heirs-and-assigns never need to go dig them up until ready to stop dealing in that coin so no longer needing any tokens of that coin so finally free to go dig them up.

I prefer to turn only half my coins into tokens, so I have half as tokens for use on the platform and the other half available to buy back the tokens with, so that I do not have to risk the coins the tokens represent by moving them on the blockchain making them newly vulnerable to attempts at re-writing blockchain-history.

I prefer actually to first add a hard-coded checkpoint into the coin's client before issuing tokens, so that I know the up to date clients will not even accept a blockchain that has tried to go back in history and change the fact that the coins the tokens represent are in the cold storage address they were put in.

Also, buying and selling tokens can be a whole different thing legally in some jurisdictions than holding customer deposits. So I don't want them to deposit anything, I want to sell them tokens and buy tokens back from them. Thus having the tokens already exist ready for sale BEFORE the sale helps keep it clear no "depositing" is involved.

Even so though some jurisdictions might try to construe the tokens as "securities".

Interestingly, from what I have read about Facebook's proposed new currency "Libra", it sounds as if they plan to set it up like these game-currencies, that is to say, by having a "basket" of other currencies whose combined value they use to "back" the currency and to decide how many of the currency to mint, minting only as many Libras as they have value in their treasury to be able to buy them back.

Not sure if this is a case of great minds think alike or fools seldom differ. Wink

-MarkM-


Always believed in you "Mark" - even if the gist of what you've done is only realized by me.

Thanks for the detailed explanation once again.

-Loony

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August 28, 2019, 02:39:22 AM
 #7982


The asset values info at http://galaxies.mygamesonline.org/digitalisassets.html has been updated. Overall it looks like pretty much everything is up in value.

As usual get onto HORIZON and STELLAR promptly to snap up bargains before someone else beats you to it... Smiley

-MarkM-

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August 28, 2019, 04:19:56 PM
 #7983

which seems to not work at all well really, since a lot of the pathetic little exchanges show crazy-low values for some of our coins when they list them at all. Look at prices they show for DVC

Erm, you pissed them off :/

This asset is being delisted.



Quote
I am sorry but DVC is being delisted for a variety of reasons and will remain delisted
Thank you,
Chuck
Altilly.com

I contacted Altilly support and they were unwilling to provide a remedy to the delisting.
We will need to find another exchange.
ctya

Hopefully we still have DevSTEEM. I started a buying round for the first time! Yes! We are buying Devcoins for SBD. Learn more here: https://steemit.com/witness-category/@devcoin/devsteem-stage-2-buy-round-1

- develCuy


The STEEM/DVC pairing sounds like a good one for the moment; particularily when moving forward with #DevSTEEM. It was nice to see the interest the buying/selling round generated. 👍😎

- Nova

DVC Address : 1EfsiVUECqmR5Qx7C4PkmwadDXYuSGzssL
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August 28, 2019, 07:23:18 PM
 #7984

What's the end game here?What is Devcoin to be used for regards purchasing power??
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August 28, 2019, 07:25:01 PM
 #7985

It can't possible cost much to host devcoin.

Sadly, some DVC investors might think that $10 monthly is a ton, but really that is all it takes to run a devcoin node (if you don't run any other nodes already, else it's actually much cheaper). (I know because I set one up. Besides, https://chainz.cryptoid.info/dvc/ was running it for $10 monthly, but apparently you guys traded all your USDs for DVCs)

Tradeogre seems like a decent exchange with ltc markets. Might be a good option to apply there.

Or perhaps it is time we stop being lazy and just look into Stellar (and Horizon)?


How do we buy this coin on Stellar please?Where else to buy some?
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August 29, 2019, 03:35:23 AM
Last edit: August 29, 2019, 04:56:08 AM by markm
 #7986

What's the end game here?What is Devcoin to be used for regards purchasing power??



What was INTENDED to be a major use-case goes like so:

1) Many large intergalactic mining operations are financed in DeVCoin-denominated debt;

2) They typically send shipments ranging from about 5,000,000 DEUterium to about 15,000,000 DEUterium per fleet, sending one to 6 or so fleets at a time,
to General Mining Corp or General Retirement Corp depots;

3) They either request that General Mining Corp or General Retirement Funds pay them in DeVCoins, to their debt account care of General Financial Corp (whose loans are denominated in DeVCoins) OR they get paid in GMC by GMC or GRF by GRF and go convert it into DevCoins themselves and pay GFC against their debt using DeVCoins.

BECAUSE YOU-LOT kept throwing away all the DeVCoins the above rapidly became UNTENABLE.



THE FOLLOWING CALCULATIONS SHOW WHY:

1) Look up the price General Mining Corp and General Retirement Funds pay per 1000 DEUterium on the table at http://galaxies.mygamesonline.org/deuterium.html

2) You should see there that up until Sat Aug 24 17:11:35 ADT 2019 DEUterium was worth over 25,000 DeVCoins for 1000 DEUterium, that is, over 25 DeVCoins per DEUterium. (And a heck of a lot more if you look even farther back in time on that table...)

3) It is only now that everyone has Deathstars, able to carry a million units per Deathstar, that they send such small fleets, they used to wait until they could fill up a fleet of 1000 large cargo ships, a total of over 24 million units, basically 25 million units minus the DEUterium burned as fuel on the journey. So it used to be you'd see someone send six fleets of 24 million units of DEUterium per fleet. Things are better now, Deathstars have Gravitics, they burn massively less fuel per unit of cargo than large cargo ships do so folks send a fleet with even as little as four million units of DEUterium sometimes lately. But consider the case of six fleets of 24 million units each, that is 144 million DeVCoins they would need if they were to pay their debt to GFC using DeVCoins.

4) How many of you have ever sold even one million DeVCoins into play, let alone 144 million, so that some mining operation could use it to pay a payment on their debt? Or to put that another way, how much DeVCoin is actually available for GMC or GFC to buy or for mining operations to buy using the GMC or GRF scrip they are paid for their DEUterium by GMC or GRF? If we look at the HZDVC Issuing Account on HORIZON (Account ID NHZ-M3QP-ZXJ2-FCR7-2A4WK), the account that issues HZDVC tokens onto the platform so players can use them you can see it has still in stock, that is to say, un-issued, 99'777'389'030 out of the 100'000'000'000 that it created ahead of time ready to issue as DeVCoins to represent with the tokens come into play. 100'000'000'000 minus the 99'777'389'030 remaining tells us that only 222'610'970 (I am using ' instead of comma since that is what you see in the HORIZON client) HZDVC have actually been issued!

Thus, basically it just has not made any sense to figure that miners and/or GMC and GRF are going to be able to actually buy DeVCoins with which to pay their DeVCoin-denominated debts.

Therefore GFC basically has had to just use the Latest Rates include-file to look up an "equivalency" in whatever currency people choose to use to pay their debt.

Resulting in the loss of a massive amount of potential trading volume on the GMC/DVC and GRF/DVC markets or, in the HORIZON case, on the use of the GMC/HZ or GRF/HZ market to get HZ then the HZ/DVC market to get DVC with the HZ gotten by converting GRF or GRC.

So you see, by throwing away your DeVCoins or even just hoarding them, you have for literally years now been cheating yourselves out of a massive volume of potential trading, and allowing all that massive amount of DeVCoin-denominated-debt payment cashflow to be forced to not pass through DeVCoin markets on its way to the lender being paid.



TO FIX THIS maybe it would REALLY HELP to have lots of batches of 144,000,000 or so DeVCoins available to buy with HZ on the HORIZON platform, and probably batches of similar size on the GMC/DVC and GRF/DVC markets on the STELLAR platform...


-MarkM-


P.S. Think farther, too: if we make it so they CAN reasonably use actual DeVCoins to pay their debts, all the owners or shareholders or executives etc of such operations, and really in theory even their employees who see "the big picture", whether they live in a MUD or in a Crossfire-RPG server, have an implicit reason to favour accepting DeVCoin for things normally priced in MGOLD (MUD gold) or AMBerium/Jade/Platinum/Gold coins (Crossfire RPG's currency, though also they have fixed-value diamonds, emeralds, sapphires and Rubies also that can be converted back and forth to and from those coins at their banks.)

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August 29, 2019, 05:04:55 AM
 #7987

How do we buy this coin on Stellar please?Where else to buy some?

Look at http://makemoney.knotwork.com/stellar/dvc/ to see that the asset's name is DVC and the account you need to trust for it is GBHAQ252S4Z4AQOM4BWIRC3UHAOJIKCZQBUJGD336YH2O7W2NKRXMHA5

Once you have created a "trust line" for that asset name as issued by that account, you should be able to go into your trading pairs selection screen or tab or option or whatever your client uses and choose pairs, initially probably XLM/DVC or DVC/XLM (both are the same actual market, it just changes which side is the sell side and which side is the buy side depending on which asset you select as which side of the market).

You can also look up other assets similarly, listed at http://makemoney.knotwork.com/stellar/ if you want to trade DVC/IXC, DVC/I0C, DVC/XGG or whatever takes your fancy.

And of course you can pick basically any asset you have a trust line for to offer against any other asset you have a trust line for, thus make up whole new markets like DVC versus tht company over there's bitcoin tokens, or against that there other company's bitcoin tokens, or that other other company's U.S. Dollar tokens etcetera etcetera etcetera.

Where else includes the HORIZON platform, see https://bitcointalk.org/index.php?topic=2197968.0

-MarkM-

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August 29, 2019, 10:19:47 AM
 #7988





What was INTENDED to be a major use-case goes like so:

1) Many large intergalactic mining operations are financed in DeVCoin-denominated debt;

2) They typically send shipments ranging from about 5,000,000 DEUterium to about 15,000,000 DEUterium per fleet, sending one to 6 or so fleets at a time,
to General Mining Corp or General Retirement Corp depots;

3) They either request that General Mining Corp or General Retirement Funds pay them in DeVCoins, to their debt account care of General Financial Corp (whose loans are denominated in DeVCoins) OR they get paid in GMC by GMC or GRF by GRF and go convert it into DevCoins themselves and pay GFC against their debt using DeVCoins.


So it is basically intended as some unit of currency for a virtual reality type game/world if I am correct.

Quote
4) How many of you have ever sold even one million DeVCoins into play, let alone 144 million

Well after looking around I have noticed sell orders on freiexchange but nobody is buying even at 1 satoshi.
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August 29, 2019, 10:25:35 AM
 #7989



Look at http://makemoney.knotwork.com/stellar/dvc/ to see that the asset's name is DVC and the account you need to trust for it is GBHAQ252S4Z4AQOM4BWIRC3UHAOJIKCZQBUJGD336YH2O7W2NKRXMHA5

Once you have created a "trust line" for that asset name as issued by that account, you should be able to go into your trading pairs selection screen or tab or option or whatever your client uses and choose pairs, initially probably XLM/DVC or DVC/XLM (both are the same actual market, it just changes which side is the sell side and which side is the buy side depending on which asset you select as which side of the market).




I will look into it and thanks for the explanation.
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August 29, 2019, 12:35:44 PM
 #7990

What's the end game here?What is Devcoin to be used for regards purchasing power??

For me the hidden value of DVC is the secure blockchain itself. As we see more and more utility uses for crypto tokens the present price does not reflect the potential value in my opinion. That said, there needs to be purchasing power given to DVC to see a rise in value. For my little part there is a dApp that is under development which will charge for its service in DVC and/or STEEM. My dApp does not require one be registered on the STEEM blockchain, yet it shall use the STEEM blockchain in its usage, 

It is, also, my hope to set up a system like STEEM's SPS; more of which can be found at the following link...

https://steemit.com/steem/@steemitblog/hf21-sps-and-eip-explained

With such a system in place we will hopefully see more development which should add value to DVC.

My personal end game is to keep the project and blockchain alive and well as value is added through dApp development.

MarkM has made a lot of development in the gaming area to make good use of DVC. It should not be mistaken as the only potential usage.

- Nova


DVC Address : 1EfsiVUECqmR5Qx7C4PkmwadDXYuSGzssL
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August 29, 2019, 05:53:52 PM
 #7991

Quote
4) How many of you have ever sold even one million DeVCoins into play, let alone 144 million

Well after looking around I have noticed sell orders on freiexchange but nobody is buying even at 1 satoshi.

Frankly by "into play" I meant on a platform that is more a part of the game, at least certainly a platform where they can sell their GMC or GRF to buy the DVC and better a platform where they can trade all the "Big Seven" galactic currencies and the other common currencies such as other merged mined ones (IXC, I0C, CLC, XGG) and hopefully the so called "Sci-Fi themed" coins albeit I have not set up the Klingon Empire Darsek (KED) yet on HORIZON and STELLAR since I myself have none to tokenize. Still, I have so far set up a bunch of them like United Federation Credits (UFC), Gold Pressed Latinum (classic, GPL and newfangled, GPL2), SPICE, Cubits (QBT) and United SciFi coin (USF).

We lost massive amounts of BiTCoin (BTC) by trying to include third party exchanges, basically they ran away with all our BTC, that is a huge part of why so many of our coins are so "worthless", all the buy-side BTC got stolen by exchanges or, according to the exchanges, by hackers who hacked the exchanges.

So now when I say into play, I mean onto our platforms we actually use in the game, currently HORIZON and STELLAR.

-MarkM-

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August 29, 2019, 06:58:34 PM
Merited by Vlad2Vlad (9)
 #7992

I have a few million DVC I will try to get onto the stellar platform once I figure out how this is done.

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August 29, 2019, 08:42:16 PM
 #7993




I tried setting up a wallet on stellarport but it redirects me to some KYC link?I am not sure if this is the only option for stellar but I won't use anything that asks me for personal information or documents after equifax and and all the other hacks that have happened lately.I don't want my passport or licence being sold on some hacker black market somewhere so thats a non starter.
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August 29, 2019, 11:53:08 PM
Last edit: August 30, 2019, 12:19:50 AM by markm
 #7994

Don't use a third party website mode wallet.

Check Stellar.org, it has links to lots of wallets, including web-type ones so that if you really prefer a browser interface you can run one of the web-style ones yourself and visit it with your browser. (At least that is what I figured they meant. Though I guess theoretically they might just be talking about third party websites, I didn't actually check, sorry.)

There are also ones for desktop and for phones.

I should warn everyone though that the desktop one(s) I tried turn out, like HORIZON also turns out, to have some arbitrary limit to how many open orders (offers) of yours it will display and since cancel button for each offer is beside its listing on that list once you get a few hundred offers, or maybe its a hundred offers, I didn't count exactly how many it supports before it won't display more, you cannot cancel orders placed after that many.

So you might want to make a separate wallet (account) for each trading pair or something like that if you want to do market-making, as the imit is on total roders it seems, not even just orders of that trading-pair like (I think) is the case with HORIZON.

If anyone finds a wallet that does not mind handling thousands of orders please please let me know!

-MarkM-

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August 30, 2019, 02:35:42 PM
 #7995

which seems to not work at all well really, since a lot of the pathetic little exchanges show crazy-low values for some of our coins when they list them at all. Look at prices they show for DVC

Erm, you pissed them off :/

This asset is being delisted.

Quote
I am sorry but DVC is being delisted for a variety of reasons and will remain delisted
Thank you,
Chuck
Altilly.com

I contacted Altilly support and they were unwilling to provide a remedy to the delisting.
We will need to find another exchange.
ctya

Hopefully we still have DevSTEEM. I started a buying round for the first time! Yes! We are buying Devcoins for SBD. Learn more here: https://steemit.com/witness-category/@devcoin/devsteem-stage-2-buy-round-1

- develCuy


The STEEM/DVC pairing sounds like a good one for the moment; particularily when moving forward with #DevSTEEM. It was nice to see the interest the buying/selling round generated. 👍😎

- Nova

And the first DevSTEEM's buy of DVC for SBD was completed https://steemd.com/tx/5544460083f322724e7f61f1463f14d4a391ec4c

Thanks for your support Traxo!

Btw, we still have some funds to keep buying DVC https://steemit.com/witness-category/@devcoin/devsteem-stage-2-buy-round-1

- develCuy

develCuy's posts at steemitDevcoin on Telegram  |  Devcoin - from the many, one. From one, the source
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August 30, 2019, 10:36:07 PM
 #7996

Strange move from altilly to delist without any reasoning. It can't possible cost much to host devcoin.

Tradeogre seems like a decent exchange with ltc markets. Might be a good option to apply there.

I contacted Tradeogre and waiting for a response.
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August 30, 2019, 10:44:08 PM
 #7997

File custodian of http://devcoinpool.btc-music.com wanted! You are the only custodian left to sync round 97. Please send me a private message ASAP.

PS: Sorry for the public heads up! This is our last option.

- develCuy

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August 31, 2019, 04:26:36 PM
 #7998


I am working on the reinstatement of service at https://chainz.cryptoid.info/dvc/

https://node1.devcoin.cloud is also a DeVCoin block explorer and receiver host.

Having independently-operated block explorers is beneficial to all.


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August 31, 2019, 04:47:53 PM
 #7999



I would like to propose a new bounty for a Merge Mining pool.

One of the assets of the DeVCoin project is the combination of a long blockchain and a high difficulty.
That combination makes DeVCoin more secure.

Years ago, mmpool.org would payout in several different alt coins while mining the "long game" target of the next BTC block.
This improved the hash rate of DVC while mining all of the coins at once.  It also encourages low-hash-rate miners to participate in BTC mining because these miners will receive alt coins as a payout while they wait for the pool to find a BTC block.

Additionally, exchanges want a coin project to have a mining pool.
This encourages the exchanges to consider the project as stable.

DeVCoin is currently mined.  We can verify that by seeing the block times and difficulty.  It is high and it is stable.
However, we need a public pool where anyone can rent a rig from miningrigrentals or nicehash and turn BTC/LTC/ETH into hashrate and get a payout in DVC or BTC

~~~
So, my proposal is this:

The Pool must be able to payout in BTC when a BTC block is mined by the pool.
The Pool must be able to payout in DVC when a DVC block is mined by the pool.
The Pool must not keep more than 5% of the block rewards as administration fees.
The Pool must accept "anonymous" miners (no registration required)

Someone is elected to establish donation addresses in LTC and BTC for the bounty
The first Merge Mining pool receives all of these donations + 25 ongoing round shares as long as the pool is operating to help with the payout and encourage ongoing use.
Any additional pools that meet these requirements can receive 10 ongoing round shares.

~~~


ctya








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August 31, 2019, 10:25:06 PM
 #8000


I am working on the reinstatement of service at https://chainz.cryptoid.info/dvc/

https://node1.devcoin.cloud is also a DeVCoin block explorer and receiver host.

Having independently-operated block explorers is beneficial to all.




Great work Ctya!  By the way, no answer from coinwarz.com about their DVC exchange rate chart page yet? 

What a bummer about altilly.com, but sometimes that happens. I'm glad that this time I had the chance to take my DVC out of an exchange. Thanks for the heads up!

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