I kindly ask everybody, specially in A-Team, to follow the example from Cpol, the guy doesn't earns a single ongoing share, yet he is accountable with his role within our DevTeam, he is always there whenever I need to test a new build, he does better reporting than many paid senior devs I know in my day job. Cpol does it all for a different model of incentive, get paid for actual achievements, when things are really done! No money upfront. Please don't take me wrong, I don't plan to change our current ongoing model, I only want to incentivize onboarding more people like Cpol and to awake the power from A-Team, together we could move Devcoin from under 1 sat to 10 sats in no time. Time will tell if I'm wrong and you'll then blame me for failure.
EDIT: Wow lots to digest and input on. I only have the one share but I have been around GitHub and I know cpol's talented in ways i will never be and useful to you all in ways I am not. If you don't have money to give, and he likes hodling devcoins that don't pay the bills but he's here for the eventual value by price discovery - then you may forfeit whatever share I have left after your 90% reduction and give the 1 share I receive from Devtome for Social Media and community interaction involving Devcoin to cpol. I have amassed millions of DVC and had bought millions and millions all the way back when they used to be on altilly before they sold to the Swedes that ruined that exchange! Let me know if that helps.
Was enough for me and I haven't spent one sat.
Dear Devcoin community,
This is an announcement I had in the oven for so long. Part of the reason is that things slowed down so much due to the pandemic, yet not the complete answer. Free Software projects move along their community and leadership, the last one being my call. If you are familiar with driving cars, you know that the break is used more often than the accelerator pedal. Devcoin is ethical by purpose, one that I truly and deeply believe, but nothing is perfect so leadership should make some decisions to move the project forward.
The decision I'm taking this time is to reduce the number of ongoing shares from 223 to 200, it increases the amount of Devcoins minted for every ongoing share every round by about 10%. YET, we still have our markets in comma, so we are basically incentivizing hodling and inactivity for too much time. Rather I prefer to incentivize more active participation from A-Team (Devcoin staff), since we have several areas that need help, other than just hodling for passive income. Isn't that ethical?
For the reasons above, I reduced ongoing shares for staff by 90%, it means that incentive for all roles is now one tenth (1/10) of a share starting on round 122.
The immediate effect is that Devcoin inflation is lower and miners are receiving a higher income, they should since network hashrate reduced by 99% this year (remember that we don't have any blockchain without miners).
I believe that was a game played out by the exodus and/or shutting down of Chinese Bitcoin miners. Last time I checked that's the issue effecting Bitcoin in Asia but not having much effect on price besides positive ones. 80% of Bitcoin miners were once in China and now that there's shutdown localbitcoin shows a far smaller amount carry on, but with all different software - a majority core but still (how would we know if any of the rogues are mining Devcoin and others merge mined altcoins with their Bitcoin?). Another thing about our "blocks" would be they show raw data for exact transactions within BTC blocks as I've previously pointed out, and all Devcoin transactions are only shown in our one operating explorer in a separate "transactions" raw data section. I realize the CSS isn't the problem, but the way merge mining won't be the plan forever. It makes sense to eventually stop distribution millions of DVC to the same people yet not do something to try and tie or write the value of all that POW and all those held coins that were produced with copies of BTC Coinbase transactions for each Devcoin "Block" - as you see such data when you go under the hood of the Block tab in our current explorer and select raw block data. There's your BTC Newly Generated Coins along with some data at the bottom that has a few strings, a chainID for merge mining, etc etc. Without 80% of Bitcoin miners in mainland China, a slowing down in the production and shipment of BITMAIN hardware, and (read this news story) ports so full that the coastal California water is filled with cargo ships waiting weeks to be unloaded.
The invisible hand wants this and it has even stalled our blocks. Mark has said having a blockchain that doesn't move doesn't mean its dead. We can still use record of it or mine a block with some special type of jumping point written into it that could helps us bridge tokens or work on transition trials to NEVM and accessing our first route to the wealth of DeFi and EVM chains as well as contributing our 10+ year secure blockchain to another sister project, surely returning value to our coins whether we wrap some tokens and bridge to NEVM, or whether those tokens even bridge to all other EVMs and then back even onto Syscoin Platform which is a UTXO model blockchain but it has software that allows on-chain issuance and movement/transaction of Syscoin Platform Tokens (Assets) and even NFTs. The testnet I've participated in extensively and this stuff works wonderfully. If we put enough work into relaying a price for Devcoin's present, future, and most definitely past - we should see a fair network with very fast processing speeds (Syscoin claims 4 million TPS on NEVM) acknowledge and identify things currently unreadable, non-standard, etc that also correctly account for value from Devcoin's past. Which there is, otherwise none of you would still be here. Logic wins that arguement everytime. We all
know this coin needs some bridging, some oracles, some relays, some value lost to be rediscovered or regained, and most of all, run without manual .csv file configurations showing in my wallet as part of the devtome share I earn as "Mined" txn. It's a cyclical man written disbursement of coins for work. A payment maybe. But I know I'm not mining. That kind of thing if its in code could be screwing up the values of every L1 original UTXO chain. We know Devcoin is fixable, and needed. But yes whatever you want us to do - we're doing it. I haven't seen many people discussing things in the Discord or Keybase at the same time - but maybe the blocks are halting and the block subsidy should go down as well as change its distribution because Devcoin needs to evolve. Who knows how or what besides the leadership here.
We can do this - that I know.
I kindly ask everybody, specially in A-Team, to follow the example from Cpol, the guy doesn't earns a single ongoing share, yet he is accountable with his role within our DevTeam, he is always there whenever I need to test a new build, he does better reporting than many paid senior devs I know in my day job. Cpol does it all for a different model of incentive, get paid for actual achievements, when things are really done! No money upfront. Please don't take me wrong, I don't plan to change our current ongoing model, I only want to incentivize onboarding more people like Cpol and to awake the power from A-Team, together we could move Devcoin from under 1 sat to 10 sats in no time. Time will tell if I'm wrong and you'll then blame me for failure.
Final words here: No matter how low our chances are, success is always part of the possibilities!
Go go Devcoin!
- develCuy
P.S: "Si los perros ladran, es señal que avanzamos"
We know the math is fucked all over and noted in many different ways. Some people may see all those 0's and say hey, that's very cheap in unit of BTC. Another may know the value of those zeros as a set of integers expressed in hex, or even binary (0,00000001) or 0x00000001 or flipped endianness because they're beyond inclined in computer language and math (0.00000001 actually being 10000000.0 vv).
1 to 10 sats? some day the truth will shine, so why limit it. 10 sats - that's just not what this coin has put in - the cost of time has to be accounted for in the value but its not yet. The cost of carrying this chain whether mining or node operating has to be counted to every last millisecond and electrical efficiency doing it. We don't have all the values flowing through concretely. I wonder sometimes is that why the true reason this project has leaders is because they are the only ones who truly know. GitLab just went Public Traded in the US this Thursday 10/14. That should excite all who are aware GitLab has owned the Devcoin source code and thus "git" since 2015 when it bought Gitorious. It made those commits and code read-only shortly before stowing it away into its private company - GitLab. I've seen enough of that code to know it is as important to finishing Devcoin's past as sidhujag, belovachap, and others branches authored in our current GitHub repository "core" is to tying the present, past, and future into a fully functioning and time accurate software with an even more robust and strengthened network.
Only you guys know how we get there but Markm thinks were the UTXO merge mined ready candidate to do Counterparty txns on Devcoin on the cheap and every now and then write them into the BTC main chain (like rollups and EVM Eth L2 solutions), but as one big transaction of transactions settled in DVC on Devcoin's blocks. If mark does that expect Devcoin to bounce to 5-$10 which is still many more satoshi's but still nearly not truly expressing Devcoin's value. At it's age and having tested so much software with these different blockchains, or same chains but diff params, I know a good bet when I see it. Here's the clay cup time to grab it Indiana Cuy.
Besides my busy work I've been engaging and testing what you said we might do down the road with Syscoin and their community too. As i mention here, I think them being aware of us is good. They may need us. And also I am seeing things that would be amazing for Devcoin once tested for bugs and built for production by Syscoiners first.I know I'm not able to code and compile things on Linux like cpol but I'm around, active, and always talking Devcoin with people open to hearing it (like SysCoin Devs, Execs, and Blockchain Foundry consultsants)... I even find guys you wanna track down to let them know you're interested in talking. But this project only will move as fast as its destiny. And I think you're doing great. One day we won't need to manually invoke periods of slowing down activity on purpose nor encouraging more activity. This has been a long experience for me. And i've been around only into my now 4th year. But I'm trying. Can't wait for my 4,500 DVC. I have more than enough imo - because I value it highly even if the software doesn't display the correct values worldwide. I know it will soon.
It'd be awesome also to know if you all use the original gitorious source code or your own fork on GitHub etc. I'd like a link if you can to the LOC where these "Shares" we're going to divy up to 1/10 per 1 share is because then I prob wouldn't be confused as I am. I know I get my staff share paid out of Devtome shares, which I was getting 1 of the 50 shares allocated to pay for Devtome contributions (but for Social Media and Community outreach). Does this proposal mean my pay reduces to 0.1/50 shares coming from Devtome? I'm totally fine with that. I hodl'd and I will be for a long time. But I feel fortunate to be creeping my way up to the top 60 soon. They may be worth nothing but status wise they reflect the project I work hard at most to help however possible because I believe in it the most.
