[DVC]DevCoin - Official Thread - Moderated

[Eddie2013]

Devcoin Press Release is out: http://bitcoinprbuzz.com/devcoin-dvc-experiences-value-increase-of-over-300-in-two-weeks-the-ethical-merge-mined-bitcoin-alternative/

It'll be on Wall Street Journal, Yahoo Finance etc shortly!

Good work!

http://online.wsj.com/article/HUG1747587.html?dsk=y

http://finance.yahoo.com/news/devcoin-dvc-value-increases-300-073504074.html?soc_src=copy

[1714063991]

1714063991

[1714063991]

1714063991

[X68N]

hello,

can someone who is very fimilar with devcoin give me some answers why devcoin is worth to support? (exept the gaining value)

I have some questions i never find a quick answer.

1. i read 90% of the mining goes to the developpers.
  like i understood he has a registration site where open source developper can register and become devcoins for free.
  is that correct?

2. Who / how many persons decide how much each open source project becomes?

3. Is there a kind of fee/tax/demurage involved to grap value from other persons exept the miners?

4. How much coins will be genereated, is the a cap or a soft cap? (xxx million + 1 million per year for example)

[Dinkleberg]

hello,

1. i read 90% of the mining goes to the developpers.
  like i understood he has a registration site where open source developper can register and become devcoins for free.
  is that correct?

2. Who / how many persons decide how much each open source project becomes?

90% does go to the developers, the developers get 180,000,000 devcoins a month in total.

As an open source developer, you'll get one generation share a round, as long as you keep developing. You'll also have the option to rate writers which will earn you devcoins.

Check this link out for more info:

http://www.devtome.com/doku.php?id=earn_devcoins_by_developing

4. How much coins will be genereated, is the a cap or a soft cap? (xxx million + 1 million per year for example)

The generation is constant at 50,000 coins per block, which is 1,000 times higher than the bitcoin starting rate. At a typical rate of 144 blocks a day, 1,008 a week, roughly 4,000 a month, that means the 200,000,000 devcoins are generated each month.
The generation is unlimited, the transaction limit is 21 billion devcoins, that is to stop someone from breaking the system by overflowing an integer.

Check out for more info:
http://www.devtome.com/doku.php?id=devcoin#generation_rate

[weisoq]

Ik begrijp het nu :-)

Thanks for you second answer, thats a bit better for me to understand, do you have dutch roots? Because you Saïd you don,t speek dutch any more, or was that Google translate :-)

Good. Yes I do, problem is nobody, well nearly nobody outside Holland speaks dutch, including the Dutch.

[weisoq]

hello,

can someone who is very fimilar with devcoin give me some answers why devcoin is worth to support? (exept the gaining value)

I have some questions i never find a quick answer.

1. i read 90% of the mining goes to the developpers.
  like i understood he has a registration site where open source developper can register and become devcoins for free.
  is that correct?

2. Who / how many persons decide how much each open source project becomes?

3. Is there a kind of fee/tax/demurage involved to grap value from other persons exept the miners?

4. How much coins will be genereated, is the a cap or a soft cap? (xxx million + 1 million per year for example)

There's a lot of info here: Devcoin. Dinkleberg's post was right, except that the number of generation shares earned per round (month) will vary depending on how much work someone does and what that work is. Deciding on 'how much' bounties or earnings are is mostly about suggesting something and seeing if other people agree, consensus. The process is getting more detailed over time.

(I'm in the process of trying to collate info for a sort of FAQ so you could look at this devcoin summary, but bear in mind some of that is just my opinion only).

[Eddie2013]

Ik begrijp het nu :-)

Thanks for you second answer, thats a bit better for me to understand, do you have dutch roots? Because you Saïd you don,t speek dutch any more, or was that Google translate :-)

Good. Yes I do, problem is nobody, well nearly nobody outside Holland speaks dutch, including the Dutch.

Then you guys are well intergrated, :-) what,s your slogan over there,  "if it ain,t dutch it ain,t much " 
 Just kidding :-)

[iGotSpots]

Those are just marketer media articles. All you have to do is pay and you can have those links. Just sayin

[sidhujag]

Those are just marketer media articles. All you have to do is pay and you can have those links. Just sayin

Do a google on devcoin and see what the news section says u get that for free.

[sidhujag]

hello,

can someone who is very fimilar with devcoin give me some answers why devcoin is worth to support? (exept the gaining value)

I have some questions i never find a quick answer.

1. i read 90% of the mining goes to the developpers.
  like i understood he has a registration site where open source developper can register and become devcoins for free.
  is that correct?

2. Who / how many persons decide how much each open source project becomes?

3. Is there a kind of fee/tax/demurage involved to grap value from other persons exept the miners?

4. How much coins will be genereated, is the a cap or a soft cap? (xxx million + 1 million per year for example)

Hello let me try to "win" you over

90% of the mining goes to developers and admins for work. Developers signed up to devtome will only receive coin via writing or developing bounties.

As of now bounty sizes are assigned with consensus but I argue that allowing bounties to grow as more coins are mined gives chance for market forces to take over allowing a more efficient price discovery mechanism that will allow for greater work output.

Regarding coin generation there is no cap.. and this may seem counter intuitive to new comers in crypto since most coins have a cap ( mostly to make money as early adopters ) but the long term ramifications of having no inflationary force driving price may lead to less adoption of the masses when crypto coins blow up to the average joe level... What I mean is that when mining stops after cap is reached we do not know if transaction fees offer enough incentive to continue keeping the network secure enough for a global system.

Devcoin doesnt have to worry about that issue... also looking deeper you can see that as more people use it (demand increases) and supply is static.. this created deflation amd drives price up uniformly. Each year the amount of coin being created is exponentially less and less in ratio with total supply so it becomes scarce as people adopt and as time goes by.. this is why its a steal at these prices.

[Unthinkingbit]

...
48 shares for a devcoin animation at least 3 minutes long.
...

Here's my animation.  It's 3:05 and covers most of the main devcoin stuff.  I'm open to suggestions, so check it out! 

https://www.youtube.com/watch?v=SbXBHYpFULo

There have been no objections, so Smeagol gets 48 shares for the bounty. He also gets 2 shares from Weisoq:
https://bitcointalk.org/index.php?topic=233997.msg3094460#msg3094460

for a total of 50 shares, in round 30:
https://raw.github.com/Unthinkingbit/charity/master/bounty_30.csv

[smeagol]

There have been no objections, so Smeagol gets 48 shares for the bounty. He also gets 2 shares from Weisoq, for a total of 50 shares, in round 30:

Thank you, Unthinkingbit and weisoq!

Devcoin Press Release is out: http://bitcoinprbuzz.com/devcoin-dvc-experiences-value-increase-of-over-300-in-two-weeks-the-ethical-merge-mined-bitcoin-alternative/

It'll be on Wall Street Journal, Yahoo Finance etc shortly!

psybits, are you part of Bitcoin PR Buzz?  That's awesome!

[jasinlee]

I would like to propose a bounty for a few scripts that will help developers make web wallets for devcoin in the future.

1. Auth script - We need a class that authenticates the user and provides a way to check if the user is still authenticated and timeout after N number of minutes.
2. 2FA script - Google 2FA should really be a common feature on any site now days, this should be available on day 1 of any web wallet.
3. Unit Tests - Must have unit tests required as part of the requirement with coverage over 85% to ensure bug free scripts.
4. Front End UI - Generic UI, simple to use, perhaps an inputs.io wallet page clone now that their site is defunct we can at least get something good out of it. - Utilize the design concept for a good purpose since everyone is comfortable with it already. But instead of the inputs.io hiding of the modules, setup the UI as tabs just like the QT client to simplify life for everyone.

I think the bounty should be split percent wise among the users that finish each point of 1-4. Any suggestions as to what should be added to this list?

Side note: congrats smeagol

[emfox]

Quick question:
Normally the files which keep track of word count are updated regularly (every day, usually). However, the file for round 30 (http://d.evco.in/charity/devtome_earnings_29.csv) has not been updated since the 14th of November. This might be a really ignorant question, but how can I see how many words I have written (where is there an updated file/is there one)?

Thanks

There's something error happen with my server, and it's fixed now.

the file is updating now.

[emfox]

...
48 shares for a devcoin animation at least 3 minutes long.
...

Here's my animation.  It's 3:05 and covers most of the main devcoin stuff.  I'm open to suggestions, so check it out!  

https://www.youtube.com/watch?v=SbXBHYpFULo

This is just awesome! In my opinion definitely worth the bounty

EDIT: The only small thing I would change is the soundtrack - put in some chilled psytrance instead to really capture the feel of an amazing technological phenomenon

I agree on the awesome! I have no opinion on the soundtrack. If no admin objects to giving the bounty within four days, Smeagol will get the 48 share bounty. If an admin does, it will go to a range vote of three randomly chosen admins.

"This video has been removed by the user." Am I doing something wrong?

[jasinlee]

I would like to propose a bounty for a few scripts that will help developers make web wallets for devcoin in the future.

1. Auth script - We need a class that authenticates the user and provides a way to check if the user is still authenticated and timeout after N number of minutes.
2. 2FA script - Google 2FA should really be a common feature on any site now days, this should be available on day 1 of any web wallet.
3. Unit Tests - Must have unit tests required as part of the requirement with coverage over 85% to ensure bug free scripts.
4. Front End UI - Generic UI, simple to use, perhaps an inputs.io wallet page clone now that their site is defunct we can at least get something good out of it. - Utilize the design concept for a good purpose since everyone is comfortable with it already. But instead of the inputs.io hiding of the modules, setup the UI as tabs just like the QT client to simplify life for everyone.

I think the bounty should be split percent wise among the users that finish each point of 1-4. Any suggestions as to what should be added to this list?

Side note: congrats smeagol

I can do the 2FA script pretty easy.

I can also do the auth script in php using mysql as the backend.

That would cover 1/2 the points on the to do list, we would still need the remaining 2 items for the bounty to be distributed.

[Unthinkingbit]

..
"This video has been removed by the user." Am I doing something wrong?

I linked to the old version, which was removed, the final version is at:
https://www.youtube.com/watch?v=xE4whwzRmQ0

[jasinlee]

I would like to propose a bounty for a few scripts that will help developers make web wallets for devcoin in the future.

1. Auth script - We need a class that authenticates the user and provides a way to check if the user is still authenticated and timeout after N number of minutes.
2. 2FA script - Google 2FA should really be a common feature on any site now days, this should be available on day 1 of any web wallet.
3. Unit Tests - Must have unit tests required as part of the requirement with coverage over 85% to ensure bug free scripts.
4. Front End UI - Generic UI, simple to use, perhaps an inputs.io wallet page clone now that their site is defunct we can at least get something good out of it. - Utilize the design concept for a good purpose since everyone is comfortable with it already. But instead of the inputs.io hiding of the modules, setup the UI as tabs just like the QT client to simplify life for everyone.

I think the bounty should be split percent wise among the users that finish each point of 1-4. Any suggestions as to what should be added to this list?

Side note: congrats smeagol

I can do the 2FA script pretty easy.

I can also do the auth script in php using mysql as the backend.

That would cover 1/2 the points on the to do list, we would still need the remaining 2 items for the bounty to be distributed.

Ok I will start working on those two tonight then.

We will need to get consensus on the bounty, I believe there is a 3 day wait before a bounty can be approved.

[wiser]

Devcoin Press Release is out: http://bitcoinprbuzz.com/devcoin-dvc-experiences-value-increase-of-over-300-in-two-weeks-the-ethical-merge-mined-bitcoin-alternative/

It'll be on Wall Street Journal, Yahoo Finance etc shortly!

Good work!

http://online.wsj.com/article/HUG1747587.html?dsk=y

http://finance.yahoo.com/news/devcoin-dvc-value-increases-300-073504074.html?soc_src=copy

Wow, great!

Nice job on the press release

[Unthinkingbit]

I would like to propose a bounty for a few scripts that will help developers make web wallets for devcoin in the future.

1. Auth script - We need a class that authenticates the user and provides a way to check if the user is still authenticated and timeout after N number of minutes.
2. 2FA script - Google 2FA should really be a common feature on any site now days, this should be available on day 1 of any web wallet.
3. Unit Tests - Must have unit tests required as part of the requirement with coverage over 85% to ensure bug free scripts.
4. Front End UI - Generic UI, simple to use, perhaps an inputs.io wallet page clone now that their site is defunct we can at least get something good out of it. - Utilize the design concept for a good purpose since everyone is comfortable with it already. But instead of the inputs.io hiding of the modules, setup the UI as tabs just like the QT client to simplify life for everyone.

I think the bounty should be split percent wise among the users that finish each point of 1-4. Any suggestions as to what should be added to this list?
..

I suggest that each part get 6 shares, if someone finishes all four they'd get an additional 12 shares. In other words:
1 part: 6 shares
2 parts: 12 shares
3 parts: 18 shares
4 parts: 36 shares

the second developer would get half that. Any objections?

[shakezula]

Please remove me as an admin. I am unable to continue with any coin projects and may not be able to come back to them for quite some time. Sorry guys!