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Author Topic: Devcoin  (Read 368807 times)
weisoq
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May 15, 2013, 10:47:06 PM
 #2401

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.

Earn Devcoins by Writing | Devcoin Video
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FinShaggy
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May 15, 2013, 10:51:59 PM
 #2402

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 Smiley

If everyone is thinking outside the box, there is a new box.
weisoq
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May 15, 2013, 10:56:27 PM
 #2403

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.

Earn Devcoins by Writing | Devcoin Video
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Unthinkingbit
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May 15, 2013, 11:05:28 PM
 #2404

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

Quote
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
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May 15, 2013, 11:10:41 PM
 #2405

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

Quote
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.?

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Unthinkingbit
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May 15, 2013, 11:29:47 PM
 #2406

..
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.

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May 15, 2013, 11:31:35 PM
 #2407

..
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 Smiley

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

If everyone is thinking outside the box, there is a new box.
weisoq
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May 15, 2013, 11:34:43 PM
 #2408

..
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.

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markm
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May 15, 2013, 11:52:19 PM
 #2409

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-

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FinShaggy
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May 15, 2013, 11:56:32 PM
 #2410

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.

If everyone is thinking outside the box, there is a new box.
emfox
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May 16, 2013, 12:06:20 AM
 #2411

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

Quote
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?

Quote
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.

Earn Devcoins by Writing
BTC: 1Emfox1WswYcd2YucUskRzqfRWKkcm1Jut DVC: 1Emfox1WswYcd2YucUskRzqfRWKkcm1Jut
IXC: xnRKo3qSDdcPJ4pgTLER3orkquUVQXeLwf
Unthinkingbit
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May 16, 2013, 12:16:13 AM
 #2412

..
I can mange to do this.

let me know if this is enough?

Quote
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.

Quote
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
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May 16, 2013, 12:34:17 AM
 #2413

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:

Quote
#!/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

Earn Devcoins by Writing
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IXC: xnRKo3qSDdcPJ4pgTLER3orkquUVQXeLwf
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May 16, 2013, 02:19:34 AM
 #2414

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

If everyone is thinking outside the box, there is a new box.
Unthinkingbit
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May 16, 2013, 03:46:40 AM
 #2415

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

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May 16, 2013, 09:56:14 AM
 #2416

Well,
My new logo didn't seem so bad to me.
My mistake.
Hope to see only one final logo on devtome.com, accepted and used by all the community members.

Your logo is not bad in any way and perhaps it's exactly what the owners of devcoin are looking for.  It's unique in it's own way.  Me personally, I see this digital currency as a new wave of the future, a new era of payments, business, and even a new way of investing with new markets, etc.  So for someone like me, my perception of what a new digital coin should look and feel like is out of this world, global, new and digital.  I'm almost done with my coin design but I'm so bad with photo shop that the last portion which is basically painting the coin is taking me literally tens of hours which is so frustrating.  Hopefully I'll have time to get it done before the contest is over because I'm also trying to keep up with writing as that's the only affordable and feasible way for me right now to earn digital coins.  Well, I've tried mining and it was a dead end and I've bought some but all of these various coins carry a lot of inherent risk so I cannot afford to speculate all of my savings or I should say, the little of what's left of my life savings.

As for your coin, ask the "Hero" guys on here, it's gonna be their votes that count.  And if you get shot down don't give up just try again but next time try emptying your head first and hopefully then your design will be something your eyes have never seen and that's when you know you're on the right track.  good luck, man.

regards,

Vlad

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May 16, 2013, 10:13:11 AM
 #2417

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-


Mark, even if you move devcoin's decimal place 3 places over you still only get $.04.  That's 4 cents compared to roughly $1 for Namecoin which used to cost $.001 just around 90 days ago.  So while Namecoin shot up 1,000 fold devcoin I think stayed the same or maybe went down, I'm not sure as I wasn't around back then. 

It has me wondering as well and I think it's 2 main factors.  1) dilution, I don't know how many namecoins are out there but I'm certain it's probably less, much less by even a factor of 1,000 and 2) awareness.  Namecoin shot up when bitcoin went up and for some reason I instinctively went with namecoin as my first choice and devcoin as my second choice.  I'm not even sure why as I did this without any research.  So out of all the coins out there the name itself, Namecoin I think attracted attention when people started reading up on Bitcoin and decided to bet on the next bitcoin 2.0.  It was just dumb luck I think combined with much lower coin count which when demand shot up then the price spiked due to a lower supply.

This is why devcoin I believe needs a facelift, a great new face in a new coin.   I hope this contest you guys have going brings in some really NEW looking coins.  that's key, not just beautiful and interesting and minimalistic but NEW.  That's cause all of this is new and the new coin overall has to tell a story at a glance.  It has to feel like you're looking at the future, a revolution in digital currencies which is what this is. 

I predict in the next 12 months there's gonna be 100 different new digital coins on the market and some of those will be ran like a business by marketing types and some will have wild success even if it will be temporary.  What I'm saying is devcoin's time to be noticed is limited and if devcoin can't stand out when it sits among 5 or 6 other decent coins then who will notice or buy devcoin in a year if I'm right and the new bigger and better exchanges will be filled with over 100 digital coins?  This window of opportunity is closing more and more every day so I hope there's a plan to move devcoin into the next phase of awareness and growth.

I asked this question yesterday but I haven't seen an answer.  does the designer of the winning new coin, the new face of devcoin, does that individual forfeit all rights to that design going forward or is there some flexibility there?  TIA

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May 16, 2013, 11:17:46 AM
 #2418

I asked this question yesterday but I haven't seen an answer.  does the designer of the winning new coin, the new face of devcoin, does that individual forfeit all rights to that design going forward or is there some flexibility there?  TIA

It is all free open source, for images that usually means some kind of "creative commons" license. Free for anyone to use, to create derivative works from etc. Maybe an "attribution" thing where they have to retain a notice that you made it. So you get eternal fame like Andy Warhol got from being the designer of Campbells' Soup labels. Except they didn't have to actually write on the labels that he designed it, so I guess there was no "attribution" clause there.

-MarkM-

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May 16, 2013, 11:28:21 AM
 #2419

I asked this question yesterday but I haven't seen an answer.  does the designer of the winning new coin, the new face of devcoin, does that individual forfeit all rights to that design going forward or is there some flexibility there?  TIA

It is all free open source, for images that usually means some kind of "creative commons" license. Free for anyone to use, to create derivative works from etc. Maybe an "attribution" thing where they have to retain a notice that you made it. So you get eternal fame like Andy Warhol got from being the designer of Campbells' Soup labels. Except they didn't have to actually write on the labels that he designed it, so I guess there was no "attribution" clause there.

-MarkM-


how can I post the coin I've been working on so far on here?  I'm not able to upload it as my profile pic (it's about 9 megs) so I don't know how else I can do it.  it's not finished but I wanna get some input from guys like you mark and unthinkingbit and fuzzybear.  I'm putting so many hours into this coin cause I can't draw nor do I know how to use photoshop that I wanna just stop unless it's soething you guys really like.  Please let me know.

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May 16, 2013, 11:35:13 AM
 #2420


[/quote]

Awesome Smiley

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

How are you gonna mine and what are you gonna mine?  I tried mining and it was worthless.  just a waste of electricity.  Maybe when my butterfly labs rigs get here it will be worth it but by then I doubt it since everyone will have one and the difficulty will go even higher.  If you know something new I'd appreciate hearing about it.   TIA

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