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Author Topic: Devcoin  (Read 412355 times)
markm
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May 02, 2013, 07:19:19 AM
Last edit: May 02, 2013, 07:47:52 AM by markm
 #2121

BOUNTY SUGGESTION:

A tool to implement paying out more than 100% to people merged-mining using p2pool with bitcoin as primary chain and devcoin as one of potentially many (currently about seven or eight or so) secondary chains.

Preferred is to pay them these extra (as in, above and beyond the bitcoins that p2pool sends them automatically in the coinbase transactions of the bitcoin blocks) earnings in the form of devcoins.

Because devcoins use the exact same addresses as bitcoins, it suffices to use the address they get their bitcoins at as the address to send devcoins also to. At least one user in the past said it would be better to allow them to specify a separate address but that is extra complexity that is not "technically" vital. It might help public relations though since otherwise people have to figure out the whole hassle of how to export their bitcoin address from their bitcoin wallet and import it into a devcoin wallet.

If they are to be rewarded based on all the many and various coins merged-mined, then some of the code people have already written for computing the value of one coin in terms of another might be needed, to figure out how much all those other coins are worth in devcoins.

On the other hand, just because some ticker claims they are worth a certain amount does not necessarily mean we will actually realise that amount when we actually sell them.

So it might make sense to do something like putting the control of the p2pool under the "DeVCorp" corp, and let it accumulate its coins of every kind, and pay people in DeVCorp shares. They can then sell those shares on the open market (e.g. on the Digitalis Open Transactions server) to realise those earnings. (I already have scripts that figure out the value of such corps based on what they hold, albeit several of the merged-mined coins are not yet counted in such valuations since some of them are not necessarily going to turn out to be worth anything. DVC and GRP and I0C and IXC and BTC and NMC and LTC holdings though are counted.)

Or, we can simply not count the coin types that the corp valuation scripts do not yet count, and pay people only based on the coins those scritps do imagine they "know" the value of. The other coins could accumulate in e.g. DeVCorp and anyone who desires to benefit from any value those other coins might some day end up having can simply hold shares of DeVCorp.

TL;DR a way to do payouts for a massively merged mining instance of p2pool.

It can be a tool run approximately once a month to do these extra payouts, but should not absoutely require the pool admin to have to run it at exactly that interval, so it should know when last it was run and pay out from then to the time it is run, thus allowing it to be run more or less often without losing track or getting out of sync.

It probably needs to both tell the admin how much it thinks it ought to pay out and ask the admin how much in total to pay out, because depending on how sales of various coins have been going there might not actually be enough devcoins on hand to pay the full amount it thinks should be paid out. So admin will need to be able to specify the total devcoins available for paying out, and I guess maybe it ought to keep track of shortfalls from what it thought should be paid, to make them up when the admin does get hold of more devcoins.

I see a potential problem here though if it takes a long time to realise devcoins from various altcoins.

So maybe having all the extra coins fall into DeVCorp coffers thus increase DeVCorp share value might in the end be the simplest/best solution in the long run.

-MarkM-

P.S. Hmm maybe stuff around the DeVCorp, General Development Corp and General FInancial Corp, all being DeVCoin-based Corps, might also count as "administrative" stuff that I do.

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May 02, 2013, 07:29:43 AM
 #2122

I second Mark's bounty suggestion - more miners are vital to the Devcoin network. Apparently BFL is finally shipping so when I bite the bullet and buy a  little ASIC I will have it merge mining DVC Smiley (When it finally arrives!!)


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May 02, 2013, 07:31:30 AM
 #2123

Quote
Also, I think it'd be nice if there was somewhere everyone could see what work the administrators are doing, to hold them accountable (if something like this does not already exist.)

There isn't yet, I'll start by adding more descriptive terms to the bounty file. Later someone could put the descriptions on devtome.

Cool, thanks. To be clear, I'm not trying to question the motives of the current administrators, I just think this information should be out there for the sake of openness. Also, thank you mark, that was enlightening. Smiley
As far as adding the descriptions to the bounty files/devtome, check out my idea in the Devcoin ventures thread. It's basically what I said a few times earlier in the thread - the official devcoin site should have a section with information about all the bounties/generation shares, how they were earned, and how much the payout was. In the future, hopefully there will be a central repository for this sort of thing. Not that devtome isn't a valuable resource, but I think the bounties are such an integral part of the project that they should have their own devoted section.

I also support the "and more" clause. Cheesy

Oh and mark, maybe you should add your idea to the Devcoin Ventures thread?

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May 02, 2013, 07:32:54 AM
 #2124

BOUNTY SUGGESTION:

A tool to implement paying out more than 100% to people merged-mining using p2pool with bitcoin as primary chain and devcoin as one of potentially many (currently about seven or eight or so) secondary chains.

Preferred is to pay them these extra (as in, above and beyond the bitcoins that p2pool sends them automatically in the coinbase transactions of the bitcoin blocks) earnings in the form of devcoins.

I suggest a 6, then 3 bounty.

Quote
So it might make sense to do something like putting the control of the p2pool under the "DeVCorp" corp, and let it accumulate its coins of every kind, and pay people in DeVCorp shares. They can then sell those shares on the open market (e.g. on the Digitalis Open Transactions server) to realise those earnings.

The problem is that few of the alternate currency miners use Open Transactions yet. Until Open Transactions is widely used, I think they should get coins.

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May 02, 2013, 07:35:51 AM
 #2125

However much work it might seem I do, I would like to be clear that from my perspective Unthinkingbit does at least as much; imagining having to do his part too is daunting, he really makes my part easy by taking care of so much stuff that my stuff ends up looking easy (at least to me; part of all that is of course skill-sets, some people see some things as easy others see other things as easy).

-MarkM-

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May 02, 2013, 07:39:36 AM
 #2126

Cool, thanks. To be clear, I'm not trying to question the motives of the current administrators, I just think this information should be out there for the sake of openness.

It is a good idea. We haven't done it yet because there used to be only four administrators and we knew what everyone did. As devcoin grows we'll have to do more paperwork Sad

Quote
Oh and mark, maybe you should add your idea to the Devcoin Ventures thread?

Now that we have an official bounty thread, where to ask for bounties will get fuzzy. For now the split is that any 12 share bounty should go on the Ventures thread. We still need smaller bounties to get devcoin stuff done, and people should ask about those on this thread.

markm
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May 02, 2013, 07:39:44 AM
 #2127

BOUNTY SUGGESTION:

A tool to implement paying out more than 100% to people merged-mining using p2pool with bitcoin as primary chain and devcoin as one of potentially many (currently about seven or eight or so) secondary chains.

Preferred is to pay them these extra (as in, above and beyond the bitcoins that p2pool sends them automatically in the coinbase transactions of the bitcoin blocks) earnings in the form of devcoins.

I suggest a 6, then 3 bounty.

For what, exactly? Maybe I should have been clear that I of course mean a free open source tool.

So are you suggesting we want two such tools, 6 shares for first one 3 for second one?

Or are you thinking more along the lines of 6 shares for first pool using such a tool and 3 for the second pool using such a tool?

I want the tool to be open source, no number of pools using proprietary methods are really all that useful, they merely prey upon the open source community with their proprietary sites/services. We want the actual tool free and open source so anyone anytime anywhere can use it.

-MarkM-

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markm
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May 02, 2013, 07:45:33 AM
 #2128

The problem is that few of the alternate currency miners use Open Transactions yet. Until Open Transactions is widely used, I think they should get coins.

Yes. Although supposedly an iPhone app is almost completed and will then be ported to Android so hopefully Open Transactions clients will become ubiquitous quite soon now.

We can use the same value tables I guess, and the fact some coins are not counted will hopefully be sufficient fudge factor to enture the pool does not run at a net loss at least ovedr the long term wherein it does eventually manage to get something for all the coins that had once upon a time not been valued.

My table-and-plot routines actually nowadays also upload the raw values that they are based on, in a form usable as an include-file for a shell script:

http://galaxies.mygamesonline.org/latestrates.inc

(You can tell which asset such a list is denominated in by which asset shows as value 1.00000000 ; in this case, notice it is DVC that is valued 1.00000000 thus showing this one is denominated in DVC.)

-MarkM-

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Unthinkingbit
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May 02, 2013, 07:50:09 AM
 #2129

..
I suggest a 6, then 3 bounty.

For what, exactly? Maybe I should have been clear that I of course mean a free open source tool.

So are you suggesting we want two such tools, 6 shares for first one 3 for second one?

When I say 6, then 3, it's shorthand for saying the first person to accomplish the goal will get the first award, and the second person to accomplish it will get the second award which is half the size.

Quote
I want the tool to be open source, no number of pools using proprietary methods are really all that useful, they merely prey upon the open source community with their proprietary sites/services. We want the actual tool free and open source so anyone anytime anywhere can use it.

I agree that it must be open source. All devcoin development bounties are for open source, I just don't mention it because I assume it, but I'll add that in future bounties.

markm
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May 02, 2013, 07:53:19 AM
 #2130

Okay so you are asking for two such tools then, the first to be rewarded 6 shares the second 3 shares.

I guess there probably should be some useful difference between the two?

Either written in different languages or actually implementing a different approach to how to reward the miners in devcoin?

As two doing the same thing in the same language might as well be merged into one (and in fact maybe should just be co-developed in the first place, both people working on the same tool.

-MarkM-

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May 02, 2013, 07:59:57 AM
 #2131

Okay so you are asking for two such tools then, the first to be rewarded 6 shares the second 3 shares.

I guess there probably should be some useful difference between the two?

Either written in different languages or actually implementing a different approach to how to reward the miners in devcoin?

The reason the standard bounty has the full then half award is because if we only have one, everyone may think that someone else will get the bounty first, so no one will try to develop it. Also sometimes the first one will barely fulfill the requirements of the bounty, but be a poor job, and the second one is better.

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May 02, 2013, 08:11:07 AM
 #2132

Ahh, okay, yes that makes sense. Thanks for explaining it.

(See, this chap is far from being unthinking! Smiley)

-MarkM-

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May 03, 2013, 12:39:20 AM
 #2133

87836/89000 Blocks

If everyone is thinking outside the box, there is a new box.
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May 03, 2013, 12:55:56 AM
 #2134

87836/89000 Blocks

 Grin Slowly but surely getting there. Watch the market the closer we get, and especially when it hits.

http://devtome.com/doku.php?id=wiki:user:balthozar | Earn Devcoins by Writing | Virtual Currency Exchange
DVC:1kFhM8vtEzbZ43Z5wcadPvNrb4xFXbgze | YAC:YHjjwLgjVfsnANTeb9eKeU3rtyKsFNvVCq | BQC:bUu1W2JEQzVrbFvv3EU4gW6KY2J939JDe1 | WDC:WTqa866TFP6d9HWGpYm2AztDNNMFmQ365s | FRC:1N2x7s8F78WiSFCFQPszLqhWsP6Kk1RXVp | NVC:4KcR3Dcmxz1ZDLK3VA9oHxpG4C3oYMCPeV | FTC:6ugwSRQNXQKNb5EVwQVn4CLoZNpiitiQzt | PPC:PSnEL3tmJejkdAAwiBLxSqbCide1voSKXY
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May 03, 2013, 12:57:39 AM
 #2135

Can whoever is in charge of it, please run the .py script for the word count? I can't get it to execute right on my linux build.

http://devtome.com/doku.php?id=wiki:user:balthozar | Earn Devcoins by Writing | Virtual Currency Exchange
DVC:1kFhM8vtEzbZ43Z5wcadPvNrb4xFXbgze | YAC:YHjjwLgjVfsnANTeb9eKeU3rtyKsFNvVCq | BQC:bUu1W2JEQzVrbFvv3EU4gW6KY2J939JDe1 | WDC:WTqa866TFP6d9HWGpYm2AztDNNMFmQ365s | FRC:1N2x7s8F78WiSFCFQPszLqhWsP6Kk1RXVp | NVC:4KcR3Dcmxz1ZDLK3VA9oHxpG4C3oYMCPeV | FTC:6ugwSRQNXQKNb5EVwQVn4CLoZNpiitiQzt | PPC:PSnEL3tmJejkdAAwiBLxSqbCide1voSKXY
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May 03, 2013, 01:05:33 AM
 #2136

Can whoever is in charge of it, please run the .py script for the word count? I can't get it to execute right on my linux build.
Sorry been slacking a bit. Will post soon.
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May 03, 2013, 01:08:43 AM
 #2137

Can whoever is in charge of it, please run the .py script for the word count? I can't get it to execute right on my linux build.
Sorry been slacking a bit. Will post soon.

No worries, thank you!

http://devtome.com/doku.php?id=wiki:user:balthozar | Earn Devcoins by Writing | Virtual Currency Exchange
DVC:1kFhM8vtEzbZ43Z5wcadPvNrb4xFXbgze | YAC:YHjjwLgjVfsnANTeb9eKeU3rtyKsFNvVCq | BQC:bUu1W2JEQzVrbFvv3EU4gW6KY2J939JDe1 | WDC:WTqa866TFP6d9HWGpYm2AztDNNMFmQ365s | FRC:1N2x7s8F78WiSFCFQPszLqhWsP6Kk1RXVp | NVC:4KcR3Dcmxz1ZDLK3VA9oHxpG4C3oYMCPeV | FTC:6ugwSRQNXQKNb5EVwQVn4CLoZNpiitiQzt | PPC:PSnEL3tmJejkdAAwiBLxSqbCide1voSKXY
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May 03, 2013, 02:04:42 AM
 #2138

Can whoever is in charge of it, please run the .py script for the word count? I can't get it to execute right on my linux build.
Sorry been slacking a bit. Will post soon.

No worries, thank you!
Results are posted. Smiley
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May 03, 2013, 02:38:52 AM
 #2139

Can whoever is in charge of it, please run the .py script for the word count? I can't get it to execute right on my linux build.
Sorry been slacking a bit. Will post soon.

No worries, thank you!
Results are posted. Smiley

You forgot to change the date and time Wink I'll go ahead and do it.

http://devtome.com/doku.php?id=wiki:user:balthozar | Earn Devcoins by Writing | Virtual Currency Exchange
DVC:1kFhM8vtEzbZ43Z5wcadPvNrb4xFXbgze | YAC:YHjjwLgjVfsnANTeb9eKeU3rtyKsFNvVCq | BQC:bUu1W2JEQzVrbFvv3EU4gW6KY2J939JDe1 | WDC:WTqa866TFP6d9HWGpYm2AztDNNMFmQ365s | FRC:1N2x7s8F78WiSFCFQPszLqhWsP6Kk1RXVp | NVC:4KcR3Dcmxz1ZDLK3VA9oHxpG4C3oYMCPeV | FTC:6ugwSRQNXQKNb5EVwQVn4CLoZNpiitiQzt | PPC:PSnEL3tmJejkdAAwiBLxSqbCide1voSKXY
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May 03, 2013, 02:40:41 AM
 #2140

Can whoever is in charge of it, please run the .py script for the word count? I can't get it to execute right on my linux build.
Sorry been slacking a bit. Will post soon.

No worries, thank you!
Results are posted. Smiley

You forgot to change the date and time Wink I'll go ahead and do it.

Although I did not feel like looking up GMT, so I posted as CST. Thank you for updating it though.

http://devtome.com/doku.php?id=wiki:user:balthozar | Earn Devcoins by Writing | Virtual Currency Exchange
DVC:1kFhM8vtEzbZ43Z5wcadPvNrb4xFXbgze | YAC:YHjjwLgjVfsnANTeb9eKeU3rtyKsFNvVCq | BQC:bUu1W2JEQzVrbFvv3EU4gW6KY2J939JDe1 | WDC:WTqa866TFP6d9HWGpYm2AztDNNMFmQ365s | FRC:1N2x7s8F78WiSFCFQPszLqhWsP6Kk1RXVp | NVC:4KcR3Dcmxz1ZDLK3VA9oHxpG4C3oYMCPeV | FTC:6ugwSRQNXQKNb5EVwQVn4CLoZNpiitiQzt | PPC:PSnEL3tmJejkdAAwiBLxSqbCide1voSKXY
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