Devcoin

[ondratra]

Can anyone tell me what a share will be worth of in round 23? Calculation appreciated

[FinShaggy]

I have the same question: what is a share in round 23?
Thankx in advance for the answer!

293637-ish DVC
Which is 613 (613,000 words) divided into 180 million. So 180,000,000/613=293637
And I guarantee it'll be even smaller next round.

[weisoq]

where does the 613 come from?

[FinShaggy]

where does the 613 come from?

Here's the link:
http://devtome.com/doku.php?id=daily_script_results

This is what it said:
Original Word Count: 554,969 Total Word Count: 613,324 Total Weighted Word Count: 572,523

And I did the math for "worst case scenario".

[FinShaggy]

where does the 613 come from?

Here's the link:
http://devtome.com/doku.php?id=daily_script_results

This is what it said:
Original Word Count: 554,969 Total Word Count: 613,324 Total Weighted Word Count: 572,523

And I did the math for "worst case scenario".

But there is still the possibility of:

180,000,000/554=324909
180,000,000/572=314685

[weisoq]

where does the 613 come from?

Here's the link:
http://devtome.com/doku.php?id=daily_script_results

This is what it said:
Original Word Count: 554,969 Total Word Count: 613,324 Total Weighted Word Count: 572,523

And I did the math for "worst case scenario".

But there is still the possibility of:

180,000,000/554=324909
180,000,000/572=314685

oh right. I'm pretty sure it would be the weighted count (as collated = *0.3), but then you have to add in admin shares, exchange shares, developer shares, logo, marketing etc. I had guestimated at around 297k per share, but when applying that method (extrapolating devtome earning % to the total) to previous rounds it doesn't work. Be good if somebody could explain how we can keep track from unthinkingbits files, as I can't find one file that summarises everything.

[FinShaggy]

I don't think there is anything to worry about though:

1. Shares are smaller than anyone expected (even me) so people are going to be hording.
2. Shares are smaller than anyone expected, so everyone will try to sell each coin for more and the price will go up.
3. Next round shares are going to be even SMALLER. So coins are about to start going up even higher in value the next few rounds. Plus more people have coins now, and more people will get coins, making more possibilities of stores, forums, exchanges, wallets and more to promote the coin

[weisoq]

I don't think there is anything to worry about though:

1. Shares are smaller than anyone expected (even me) so people are going to be hording.
2. Shares are smaller than anyone expected, so everyone will try to sell each coin for more and the price will go up.
3. Next round shares are going to be even SMALLER. So coins are about to start going up even higher in value the next few rounds.

I'm not worried and I don't want to sell them. I'm just the sort of person who has to understand everything I can myself, and I can't work out a rolling methodology yet.

[Unthinkingbit]

I just checked how many lines there would be, changed the account file location for the quote below and uploaded the summary:
https://raw.github.com/Unthinkingbit/charity/master/receiver_summary.txt

The account file is at:
https://raw.github.com/Unthinkingbit/charity/master/account_23.csv

There were 501 original receiver lines, so the average generation share was worth 180,000,000 dvc / 501 = 359,281 dvc. Administrator pay is 26.0 shares, 5.2 percent of the total.

People on that list will start getting those coins in round 23, starting at block 92,000. The procedure for generating the receiver files is at:
http://devtome.com/doku.php?id=devcoin#generating_the_files

It would be good if someone ran all the files once in a while automatically with a cron job. It has to be automatic, because doing it manually every day is too much work.

[weisoq]

I just checked how many lines there would be, changed the account file location for the quote below and uploaded the summary:
https://raw.github.com/Unthinkingbit/charity/master/receiver_summary.txt

The account file is at:
https://raw.github.com/Unthinkingbit/charity/master/account_23.csv

There were 427 original receiver lines, so the average generation share was worth 180,000,000 dvc / 427 = 421,546 dvc. Administrator pay is 26.0 shares, 6.1 percent of the total.

People on that list will start getting those coins in round 23, starting at block 92,000. The procedure for generating the receiver files is at:
http://devtome.com/doku.php?id=devcoin#generating_the_files

It would be good if someone ran all the files once in a while automatically with a cron job. It has to be automatic, because doing it manually every day is too much work.

thanks, is it 427 or 501 lines? (.txt refers to 501)
edit: and what is meant by 'average share'? Average share per line, meaning per individual?; Average share with all shares being equal? Is there a straightforward way to monitor one simple 'share' of the total, or am I misunderstanding it? Trying to get how 572k words + other disbursements gets to 427 or 501 shares.?

[Unthinkingbit]

..
thanks, is it 427 or 501 lines? (.txt refers to 501)
edit: and what is meant by 'average share'? Average share per line, meaning per individual?; Average share with all shares being equal? Is there a straightforward way to monitor one simple 'share' of the total, or am I misunderstanding it?

Thanks for catching that, it is 501 lines. The mistake was because I copied that text from an earlier version of receiver_summary.txt. I edited my original quote to correct that.

It's average devcoins per share, I'll update the account output to say that. So if someone gets one generation share, they'll get around 359,281 dvc, if they get ten shares, they'll get around 3,592,810 dvc.

[FinShaggy]

..
thanks, is it 427 or 501 lines? (.txt refers to 501)
edit: and what is meant by 'average share'? Average share per line, meaning per individual?; Average share with all shares being equal? Is there a straightforward way to monitor one simple 'share' of the total, or am I misunderstanding it?

Thanks for catching that, it is 501 lines. The mistake was because I copied that text from an earlier version of receiver_summary.txt. I edited my original quote to correct that.

It's average devcoins per share, I'll update the account output to say that. So if someone gets one generation share, they'll get around 359,281 dvc, if they get ten shares, they'll get around 3,592,810 dvc.

Awesome

I'm gonna be mining after this
And getting some pretty cool community oriented stuff going
And I'm going to drive traffic to Devtome

[weisoq]

..
thanks, is it 427 or 501 lines? (.txt refers to 501)
edit: and what is meant by 'average share'? Average share per line, meaning per individual?; Average share with all shares being equal? Is there a straightforward way to monitor one simple 'share' of the total, or am I misunderstanding it?

Thanks for catching that, it is 501 lines. The mistake was because I copied that text from an earlier version of receiver_summary.txt. I edited my original quote to correct that.

It's average devcoins per share, I'll update the account output to say that. So if someone gets one generation share, they'll get around 359,281 dvc, if they get ten shares, they'll get around 3,592,810 dvc.

got it thanks again. So just for my understanding, if there were 572k+ weighted words + all the other shares, how does that output 501 lines? I've tried running the script but my python amounts to CS101 and so far computer says no.

EDIT: sorry just realised that 572k is cumulative, it's 326k + other.

[markm]

Can someone explain why DVC hasn't taken off like Namecoin did? I think it's an awesome coin with a great concept. It's on 2 exchanges, but it's still worth almost nothing (read: cheap!)

Remember that DeVCoins are minted 50,000 per block not 50 per block! They are intended to be 1/1000 the value of typical 50 coin per block coins. Back when they were invented there was talk of having to move decimal points, so DeVCoin started out with its decimal point already moved three places, in effect.

So compare the value of 1000 DeVCoins to one of any other coin to get a better concept of value.

-MarkM-

[FinShaggy]

When is traffic going to start being a factor? Shares are about to start getting pretty small, so I think making a traffic payment system would be a good idea.

[emfox]

I just checked how many lines there would be, changed the account file location for the quote below and uploaded the summary:
https://raw.github.com/Unthinkingbit/charity/master/receiver_summary.txt

The account file is at:
https://raw.github.com/Unthinkingbit/charity/master/account_23.csv

There were 501 original receiver lines, so the average generation share was worth 180,000,000 dvc / 501 = 359,281 dvc. Administrator pay is 26.0 shares, 5.2 percent of the total.

People on that list will start getting those coins in round 23, starting at block 92,000. The procedure for generating the receiver files is at:
http://devtome.com/doku.php?id=devcoin#generating_the_files

It would be good if someone ran all the files once in a while automatically with a cron job. It has to be automatic, because doing it manually every day is too much work.

I can mange to do this.

let me know if this is enough?

git pull
python devtome.py -round 23
python marketing.py -round 23
python account.py -round 23

If it's ok, how do I know when to change 23 to 24 or any further round number? I see you have changed the switch time  from +1000 to +1300 then +1600 of the previous round starting block.

[Unthinkingbit]

..
I can mange to do this.

let me know if this is enough?

git pull
python devtome.py -round 23
python marketing.py -round 23
python account.py -round 23

Edit: I just saw that you were pulling the entire repository. So yes, that is the correct order. Round 23 is done, I'm only going to change a couple of addresses as they get updated, so run round 24.

If it's ok, how do I know when to change 23 to 24 or any further round number? I see you have changed the switch time  from +1000 to +1300 then +1600 of the previous round starting block.

I announce the generation of the receiver files on this thread. Also, you're going to be one of the admins (you're third on the seniority list and I'm waiting for an answer from the second), so you'll know when a new file is generated.

[emfox]

OK, I've done setup the crontab, it will be run at 00:30@UTC+0 every day, all results and logs could be viewed at http://d.evco.in/charity/
, you could see the round summary particularly at http://d.evco.in/charity/receiver_summary.txt

I also provide a log located at http://d.evco.in/charity.log, so everyone could check the details of the earning of his own and others.

In case anyone interested in the gen script, it's at http://d.evco.in/gen_charity.sh:

#!/bin/bash

ROUND=24
cd /home/devcoin/www/charity
git reset --hard
git pull
python devtome.py -round $ROUND
python marketing.py -round $ROUND
python account.py -round $ROUND

[FinShaggy]

If you can't think of anything to write on Devtome, getting traffic is second best to earning coins for writing.

Some people may feel like getting traffic is hard, but there is a great new tool. It's a website that has people post a link that YOU choose on their facebook or twitter. You can also submit links for raw page views, as well as ask for facebook likes, comments and shares. So post your Devtome article links and get some easy traffic.

here's the link:
http://socialmediaexplode.com/?r=131994

The way it works is:
You earn coins for viewing YouTube videos, or tweeting things, or liking/viewing pages.
You use those coins and other people view/like etc YOUR stuff

[Unthinkingbit]

Veruminnumeris:
http://www.devtome.com/doku.php?id=wiki:user:veruminnumeris

has written more than a thousand words:
http://www.devtome.com/doku.php?id=a_future_money
http://www.devtome.com/doku.php?id=a_future_money_part_2
http://www.devtome.com/doku.php?id=faraday_survival_emp

and so got the sixth, one generation share signing bonus for writing:
http://www.devtome.com/doku.php?id=earn_devcoins_by_writing#signing_bonus

There are now four, one share bonuses remaining. The writer will also get earnings per word:
http://www.devtome.com/doku.php?id=earn_devcoins_by_writing#earnings_per_word