DeVCoin was stable or rising actually, do not be fooled by what you see on Vircurex because Vircurex still has not honoured my bitcoin deposit of two bitcoins from a year or so ago, thus for a year or so I have not been able to build the buy sides of the merged mined coins (since obviously it would be stupid to send any more bitcoins until thoe last two out of many that I sent finally get credited to my account), then after thusly preventing me from suporting the coins they also discontinued IXCoin and I0Coin entirely, so basically they are just a dying remnant of an exchange, it was only when someone bought coins from me that I had any bitcoins there with which to support the coins on the buy sides of their order-books.
Right now I am raking in devcoins at two satoshis and placing them back up for sale but no-one is buying, maybe because I am not the only person who has discovered that when you deposit bitcoins there the bitcoins do not appear in your account for a year or more (and counting...)
It is kind of hard for people to buy anything there using bitcoins while their bitcoins are unable to get there.
Meanwhile on Cryptsy folks bought up all the 4-satoshi offers and started buying the 5-satoshi offers before Cryptsy revealed their 18-month-plus scam.
I managed to withdraw 44 million devcoins from Cryptsy but my attempt to withdraw another 100 million is stuck, maybe just from wallet-fragmentation issues, I sent them a support ticket about it.
Take advantage of cheap devcoin prices while you can, it regularly tended to climb up to 8 or even 9 satoshis, buying at 3 to sell at 4,5,6,7,8 or even 9 has been a great long-term moneymaker.
For me the bigget problem with all coins has been the lack of good reliable free open source software for running things like exchanges, as really it still seems the best way to run a coin is to always have a full and deep buy-side order-book, which means leaving lots of money on exchanges. The exchanges then steal all that wealth that was the coin/nation's treasury with which it had been supporting its currency.
Take at look at the long history at
http://galaxies.mygamesonline.org/digitalisassets.html to see how well assets can do when the nations/corps/whatever are able to stand behind their currency with a treasury that is not constantly being gutted by scam exchanges running off with the "national" treasury of assets used to "back" their currency.
Because DeVCoin mints so many new coins all the time it is one of the hardest to "back" of course, which is why I kept working on IXCoin and I0Coin, which would be doing quite well if first Vircurex and now Cryptsy had not run off with all the bitcoins the theoretical IXCorp and I0Corp had amassed with which to "back" those currencies.
I had 30 bitcoins or so on each of 1, 2 and 3 satoshis buy side for buying DeVCoin on Cryptsy, the only reason you are seeing 2 satoshis as current price is Cryptsy has stolen those bitcoins along with all those I had piled on the buy side of IXCoin, until they did that the price held steady at "buy for three, sell for four". Basically the dev nation has had a lot of its treasury stolen this naturally its currency, which was backed by its treasury, is down on the markets.
In effect the markets are thieves, lying about the true value of the coin while they steal the national treasury of the devcoin nation - and by those thefts actually undermining the value until maybe one day it actually will reach the lows they are saying, as the "nation" runs out of wealth which which to "back" its currency...
Consdiering the hundreds upon hundreds of hours I have spent over the years constantly building buy-sides for the merged mined coins even just the lost hours from no longer having thousands of offers in place is a huge loss let alone all the bitcoins gone up in smoke.
Basically I spend a thousand or few thousand hours burning up the coins, at the end of the day.
I really want Open Transactions to reach stable data-format so I can work using secure platform instead of having to depend on all those thieves to maintain our buy-side order-books for us.
-MarkM-
