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Author Topic: Devcoin  (Read 368933 times)
FinShaggy
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June 11, 2013, 11:03:30 PM
 #3321

But yeah, he does seem mad. I'm thinking maybe it is one of my trolls from somewhere else. I have stalkers from other forums that will comment on anything I post there, and I haven't been posting there for a while. With the loss of my brother and everything that followed.

Plus I was on here a lot even before that, so they probably miss me. They don't have anyone to stalk and talk shit to.


Lol.  Sorry about your bro man.

As far as being in charge.  I don't know a lot about digital coins but I'd say since the founder can choose to change the rules (ie. hard fork) and also the distribution model along with maintaining the coin or letting it die then he's pretty much in charge.  And who's to say unthinkigbit doesn't have a large majority stake.

I mean he works and earns coins as well and he could have easily accumulated additional large amounts of coins if he wanted to gain more control for relatively little money.  
Thank you.

All very true. And I just thought about something, he does have control of the code correct? I'm not exactly sure what all that entails. I'm really not a techy person, just happen to be on a computer.

If everyone is thinking outside the box, there is a new box.
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jasinlee
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June 11, 2013, 11:46:06 PM
 #3322

Shoo fly.

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ranlo
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June 11, 2013, 11:49:18 PM
 #3323

But yeah, he does seem mad. I'm thinking maybe it is one of my trolls from somewhere else. I have stalkers from other forums that will comment on anything I post there, and I haven't been posting there for a while. With the loss of my brother and everything that followed.

Plus I was on here a lot even before that, so they probably miss me. They don't have anyone to stalk and talk shit to.


Lol.  Sorry about your bro man.

As far as being in charge.  I don't know a lot about digital coins but I'd say since the founder can choose to change the rules (ie. hard fork) and also the distribution model along with maintaining the coin or letting it die then he's pretty much in charge.  And who's to say unthinkigbit doesn't have a large majority stake.

I mean he works and earns coins as well and he could have easily accumulated additional large amounts of coins if he wanted to gain more control for relatively little money.  
Thank you.

All very true. And I just thought about something, he does have control of the code correct? I'm not exactly sure what all that entails. I'm really not a techy person, just happen to be on a computer.

Based on my limited understanding there are multiple "trusted nodes" that are run by different people. For a hard fork to happen, pool owners have to update, people have to update their clients and the nodes (I think?) have to update.

I think this helps put in a bit of checks-and-balances.

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Earn Devcoins by Writing
jaywaka2713
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June 12, 2013, 12:35:29 AM
 #3324

Is the coinzen domain for a Devcoin forum with email still reserved? What would the bounty be if it were only a forum with no SMTP mail system?

When the devcoin business bounty was first announced:
https://bitcointalk.org/index.php?topic=34586.msg649844#msg649844

it had five decreasing awards, similar to the standard bounty. The standard bounty is meant for services where we only need one, but are willing to pay for four so that we're sure to have at least one running. However, for businesses, each new business adds to the value of devcoin.

Therefore, I propose expanding the business bounty from five awards in both the mining and non mining category to twelve in both. That would change the bounty to 6 generation shares for the first two businesses, 5 for the next two, then 4, then 3, then 2, and one for the last two. This change would be retroactive, so any previous business awards would be topped up in the next round.

Are there any objections to expanding the business bounty to twelve awards?

Edit: Two mining business awards have been sent:
https://bitcointalk.org/index.php?topic=34586.msg1141002#msg1141002
https://bitcointalk.org/index.php?topic=34586.msg2093428#msg2093428

two five share awards remain.


Are the business shares still up?

Unthinkingbit
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June 12, 2013, 12:41:24 AM
 #3325

Is the coinzen domain for a Devcoin forum with email still reserved?

Yup.

Quote
What would the bounty be if it were only a forum with no SMTP mail system?

Nothing.

owsleybeatsbigcartel
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June 12, 2013, 12:44:12 AM
 #3326

But yeah, he does seem mad. I'm thinking maybe it is one of my trolls from somewhere else. I have stalkers from other forums that will comment on anything I post there, and I haven't been posting there for a while. With the loss of my brother and everything that followed.

Plus I was on here a lot even before that, so they probably miss me. They don't have anyone to stalk and talk shit to.


Lol.  Sorry about your bro man.

As far as being in charge.  I don't know a lot about digital coins but I'd say since the founder can choose to change the rules (ie. hard fork) and also the distribution model along with maintaining the coin or letting it die then he's pretty much in charge.  And who's to say unthinkigbit doesn't have a large majority stake.

I mean he works and earns coins as well and he could have easily accumulated additional large amounts of coins if he wanted to gain more control for relatively little money.  
Thank you.

All very true. And I just thought about something, he does have control of the code correct? I'm not exactly sure what all that entails. I'm really not a techy person, just happen to be on a computer.

Based on my limited understanding there are multiple "trusted nodes" that are run by different people. For a hard fork to happen, pool owners have to update, people have to update their clients and the nodes (I think?) have to update.

I think this helps put in a bit of checks-and-balances.

And who's to say unthinkigbit doesn't have a large majority stake.
= nobrainer!

***STOP BTCITCOINTALK.ORG CENSORSHIP!!!***http://investorshub.advfn.com/$THE-CRYPTOCURRENCY-FORUM-26758/
BTCitcointalk 1%ers manipulate the currency and deceive its user community! http://www.mediabistro.com/insidebitcoins/register.asp?c=bcoinfbpmbBTCRING FACTS!:BTCe mature&respect the research that is done regardless of what you think of it!~KEYSER S0ZA
jaywaka2713
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June 12, 2013, 12:45:30 AM
 #3327

What about business shares? I can set my business up to receive devcoin.

owsleybeatsbigcartel
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June 12, 2013, 12:47:24 AM
 #3328

But yeah, he does seem mad. I'm thinking maybe it is one of my trolls from somewhere else. I have stalkers from other forums that will comment on anything I post there, and I haven't been posting there for a while. With the loss of my brother and everything that followed.

Plus I was on here a lot even before that, so they probably miss me. They don't have anyone to stalk and talk shit to.


Lol.  Sorry about your bro man.

As far as being in charge.  I don't know a lot about digital coins but I'd say since the founder can choose to change the rules (ie. hard fork) and also the distribution model along with maintaining the coin or letting it die then he's pretty much in charge.  And who's to say unthinkigbit doesn't have a large majority stake.

I mean he works and earns coins as well and he could have easily accumulated additional large amounts of coins if he wanted to gain more control for relatively little money.  
Thank you.

All very true. And I just thought about something, he does have control of the code correct? I'm not exactly sure what all that entails. I'm really not a techy person, just happen to be on a computer.

Based on my limited understanding there are multiple "trusted nodes" that are run by different people. For a hard fork to happen, pool owners have to update, people have to update their clients and the nodes (I think?) have to update.

I think this helps put in a bit of checks-and-balances.

IMHO I'D BE VERY CAREFUL ABOUT USING THE WORD TRUSTED AND DEVCOIN IN THE SAME SENTANCE!

;-) i'm just sayinggggg

***STOP BTCITCOINTALK.ORG CENSORSHIP!!!***http://investorshub.advfn.com/$THE-CRYPTOCURRENCY-FORUM-26758/
BTCitcointalk 1%ers manipulate the currency and deceive its user community! http://www.mediabistro.com/insidebitcoins/register.asp?c=bcoinfbpmbBTCRING FACTS!:BTCe mature&respect the research that is done regardless of what you think of it!~KEYSER S0ZA
jasinlee
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June 12, 2013, 12:55:33 AM
 #3329

Is the coinzen domain for a Devcoin forum with email still reserved? What would the bounty be if it were only a forum with no SMTP mail system?

The requirement is for a full email system.

BTC 1JASiNZxmAN1WBS4dmGEDoPpzN3GV7dnjX DVC 1CxxZzqcy7YEVXfCn5KvgRxjeWvPpniK3                     Earn Devcoins Devtome.com
owsleybeatsbigcartel
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June 12, 2013, 12:58:43 AM
 #3330

Is the coinzen domain for a Devcoin forum with email still reserved? What would the bounty be if it were only a forum with no SMTP mail system?

The requirement is for a full email system.

DEVCOIN - > so we can watch and track you lmao

***STOP BTCITCOINTALK.ORG CENSORSHIP!!!***http://investorshub.advfn.com/$THE-CRYPTOCURRENCY-FORUM-26758/
BTCitcointalk 1%ers manipulate the currency and deceive its user community! http://www.mediabistro.com/insidebitcoins/register.asp?c=bcoinfbpmbBTCRING FACTS!:BTCe mature&respect the research that is done regardless of what you think of it!~KEYSER S0ZA
wiser
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June 12, 2013, 01:00:56 AM
 #3331

Owsley,

For YOU, Devcoin and the Devtome are the biggest scams since Ponzi himself.  So you should ABSOLUTELY stay away from them (and this thread).

The REST of us will make the decision to ignore your posts.  Does the "Report to moderator" button do anything magic?

No experience with cryptocurrencies? No problem. Learn the ropes by following these step by step guides
It really could be possible to retire on faucet earnings... You could start by playing Coin Plants.
owsleybeatsbigcartel
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June 12, 2013, 01:03:19 AM
 #3332

Owsley,

For YOU, Devcoin and the Devtome are the biggest scams since Ponzi himself.  So you should ABSOLUTELY stay away from them (and this thread).

The REST of us will make the decision to ignore your posts.  Does the "Report to moderator" button do anything magic?

DEVCOIN spyware imho stay farrr away bad juju

***STOP BTCITCOINTALK.ORG CENSORSHIP!!!***http://investorshub.advfn.com/$THE-CRYPTOCURRENCY-FORUM-26758/
BTCitcointalk 1%ers manipulate the currency and deceive its user community! http://www.mediabistro.com/insidebitcoins/register.asp?c=bcoinfbpmbBTCRING FACTS!:BTCe mature&respect the research that is done regardless of what you think of it!~KEYSER S0ZA
jaywaka2713
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June 12, 2013, 01:04:45 AM
 #3333

Does the "Report to moderator" button do anything magic?

I don't know. I decided to give it a visit and see.  Roll Eyes

FinShaggy
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June 12, 2013, 02:31:35 AM
 #3334

My brother died this past week, and we are starting a foundation. We want to do a few things.

1. Aware people that allergies are way more serious than they seem to be (packages need to be labeled like cigarettes, ex: "This product can kill you or your child if ingested", and possibly a big red "P" on any peanut product bag.

2. Do some charitable things in his name, such as clean highways, give scholarships, make baseballs (he was 11 and it was his favorite sport), make tributes (Mason Town, Songs, etc) and other nice things.

I would like to make donations possible in Devcoin, and I would like to get the support of the Devcoin community in starting this project. Not through donations (unless you have some extra DVC, a wallet will be created for this purpose over the next few weeks) but through sharing the word, and maybe posting on a thread when I make one later to this same effect.

Thank you for any support, I will post more information here.

If everyone is thinking outside the box, there is a new box.
Luckybit
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June 12, 2013, 04:35:48 AM
 #3335

I previously mentioned that it would totally make sense to finance hackathons, i.e. project which can be implemented in 48 hours. There are programmers who would not mind getting like $1000 for such hackathon, especially if it is fun... And if one of ten will be successful, it will pay off.
How is a hackathon any different from a writeathon or a poetry contest? Just because a lot of programmers produce a lot of code it does not mean that code will be worth any money. A lot of very valuable free software doesn't make any money for the programmers writing it. Bitcoin is really a change in the model and the reason I support the deflationary model of Bitcoin is because early adopters (beta testers) and the original programmers are getting rich now. To me that is how it's supposed to work when you invent something of value for the world.

Imagine if Satoshi were paid in Devcoins instead. If Satoshi had millions of Devcoins, or even billions, it just would not work because there is no reason to mine Devcoins when 90% of profits go to the developers. Ethicoin has the advantage here in that it's fairly distributed 50/50 which to me makes a lot of sense.
This isn't true, many Devcoin bounties were paid for

  • software
  • open-source hardware
  • logo/banner designs
  • mining pools which offer an option to auto-exchange Bitcoins they mine into Devcoins
  • stock market to allow Devcoin-denominated assets

I suspect that mining stocks and other Devcoin-denominated securities had a significant impact on Devcoin market cap.

This is true, but it does not change the fact that it's easier for people to get paid writing for Devcoin because the bounty system isnt automated while Devtome is.

Particularly, this one: https://cryptostocks.com/securities/14 Ignore description, this is basically a Glari Mining Project (GMP) passthrough which pays Devcoins.

I suspect that when GMP will receive ASICs devcoin value might substantially go up...

And I'm saying it wont substatially go up. I know you have the masters degree in mathematics but lets see who is right. Our differences are philosophical and not based on abstract calculations. The statistics are what they are, the numbers are what they are, but I interpret them to mean something different. Let's find out who is right and if I'm wrong then I will eat my words but if you are wrong then perhaps you should consider a different model and consider my suggestion of a hard fork.

Anyway, Devcoin is pretty cool if you ignore everything about Devtome. It isn't about communism, it isn't about paying as many workers as possible. It is about providing capital for cool open-source projects.

If it's about paying as many workers as possible are you saying that people who produce code are somehow more valuable than people who write poems and books? I'm saying they are relatively the same because the nature of the work is relatively the same. This is why the pay should be relatively the same.

But you're under the impression that somehow if we turn all the writers into programmers that this will make any difference? It's still just people getting paid for language arts, it's not going to make any real difference. Devcoin isn't going to become more valuable just because some guys writing python and visual basic are making apps for Devcoins instead of a bunch of guys writing novels and poems. My argument is that Fin Shaggy has done more to popularize Devcoin than anyone else and he did it with his words, not writing code.

I think perhaps the problem with Devcoin is that it can only support a finite amount of writers and programmers at a time. That isn't how a market is supposed to work. When more people are willing to work, the pie isn't supposed to shrink. When productivity and quality increases the profits aren't supposed to shrink. That is what I see happening with Devtome. Devtome is more popular than ever, has higher quality works being produced than ever, yet the pay for each worker is going down?

This provides no further incentive for workers to improve quality, or produce better work. The same will apply to programmers, eventually the pay ceiling for programmers will be reached just as it is for writers and then no amount of innovation, hard work, or quality will transcend that ceiling.

That is the problem with Devcoin in the immediate future. Unless quality and innovation is rewarded then it's all going to fail. And no one said anything about communism, but the purpose of Devcoin and of an economy in general is to allow people to trade and in this case people want to trade writing because Devcoin currently supports only writing.

Bounties are going to be very limited. So basically you're saying Devcoin is always going to be a very small market which can't really grow too large or it stops working. That is why I say it's broken from the start.
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June 12, 2013, 04:42:21 AM
 #3336

...
So in summary you're saying devcoin can't work because unlike most other cryptos currencies it's not a deflationary pyramid scheme, even though such schemes are necessarily flawed as currencies from the onset? And that although the required stability and sustainability for real world substitutability of state fiat, given economic and monetary trends (no I don’t know at what price), could perhaps be achieved with a currency concept like Devcoin it is Devcoin that has the model wrong?

I think it will be fascinating to observe the progression of views and wake-up calls in this area over time as people begin to appreciate that wealth still does not grow on trees or with feigned blockchain scarcity. Actually it’s already fascinating, if a little tragic. 'Ethicoin' can't work with a limited blockchain in application of anything like the devcoin model because the weight placed on early payout > later. This problem won't be remedied by a rising price because there is no incentive for early adopters and miners to give away a free lunch and therefore every arguable downside but none of the upside of devcoin. But I'm sure the developers understand this, as do you. But good luck with it.


If it isn't working now, why should I believe it can work 5 years from now when there will be better alternatives for sure? This is the Devcoin moment where it either finds a way to get everyone working for it, or next year the infrastructure to work for Bitcoin will be set up and no one will care about Devcoin.

Ethicoin has a chance to fill the void and possibly fill the niche so I'm waiting to see what they do and Litecoin isn't exactly Bitcoin so they have a couple years and then they too will be in the same position of Devcoin. Bitcoin is about to go mainstream in 2014 and if Devcoin isn't being used by all of us by that time then I would say it may be too late.

And when I say used by all of us, I mean anyone who wants a job on this forum should be able to find a job which pays in a significant amount of Devcoin if they are willing to do the job. I know people will say Devcoin was set up to pay developers, but most people on this forum are developers and how many of us are paid in Devcoin right now?

Bounties are not a very good way to do things. Subscription models like what Coinbase is offering could kill Devcoin once enough podcasters and bloggers switch over. Writers just starting out will use Devcoin but once they become successful they'll sell their works for Bitcoin. Journalists may have to go with a Bitcoin subscription model because Devcoin just wont pay them enough in $. I can't believe I'm the only one who can see this coming.

The deflationary model is right. You don't agree for philosophical reasons but to anyone who owns Bitcoins which are worth $100 each, and who owns ASICminer shares worth 2.5 BTC each, or who is mining with an ASIC right now, why would these people have a problem with the 21 million Bitcoin limit?
acs26
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June 12, 2013, 04:48:57 AM
 #3337

My brother died this past week, and we are starting a foundation. We want to do a few things.

1. Aware people that allergies are way more serious than they seem to be (packages needn any peanut product bag. to be labeled like cigarettes, ex: "This product can kill you or your child if ingested", and possibly a big red "P" on any peanut product bag.

2. Do some charitable things in his name, such as clean highways, give scholarships, make baseballs (he was 11 and it was his favorite sport), make tributes (Mason Town, Songs, etc) and other nice things.

I would like to make donations possible in Devcoin, and I would like to get the support of the Devcoin community in starting this project. Not through donations (unless you have some extra DVC, a wallet will be created for this purpose over the next few weeks) but through sharing the word, and maybe posting on a thread when I make one later to this same effect.

Thank you for any support, I will post more information here.

1. Companies already have it. In the ingredient section, and mostly on the back or front of the product.

2. Even though I don't agree with how you flame people, or the ways you do most things, I'd be willing to donate a few DevCoins. Sorry for your loss, bro. (This seems really legit, actually.)
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June 12, 2013, 04:49:46 AM
 #3338

"If we all sold our coins for a penny each, that's how much they would be worth"

If everyone is thinking outside the box, there is a new box.
FinShaggy
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June 12, 2013, 04:52:32 AM
 #3339

My brother died this past week, and we are starting a foundation. We want to do a few things.

1. Aware people that allergies are way more serious than they seem to be (packages needn any peanut product bag. to be labeled like cigarettes, ex: "This product can kill you or your child if ingested", and possibly a big red "P" on any peanut product bag.

2. Do some charitable things in his name, such as clean highways, give scholarships, make baseballs (he was 11 and it was his favorite sport), make tributes (Mason Town, Songs, etc) and other nice things.

I would like to make donations possible in Devcoin, and I would like to get the support of the Devcoin community in starting this project. Not through donations (unless you have some extra DVC, a wallet will be created for this purpose over the next few weeks) but through sharing the word, and maybe posting on a thread when I make one later to this same effect.

Thank you for any support, I will post more information here.

1. Companies already have it. In the ingredient section, and mostly on the back or front of the product.

2. Even though I don't agree with how you flame people, or the ways you do most things, I'd be willing to donate a few DevCoins. Sorry for your loss, bro. (This seems really legit, actually.)

1. I know they label, they just don't make it clear what it is. I knew my brother had a peanut allergy, I always thought he would be able to eat peanut butter one day. It needs to be more clear.

2. I don't flame people, I post my own shit and when they don't agree with my idealism they talk shit. Then I talk shit back.
There will be a website and place for donations in the next few weeks.

If everyone is thinking outside the box, there is a new box.
owsleybeatsbigcartel
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June 12, 2013, 05:01:27 AM
 #3340

I previously mentioned that it would totally make sense to finance hackathons, i.e. project which can be implemented in 48 hours. There are programmers who would not mind getting like $1000 for such hackathon, especially if it is fun... And if one of ten will be successful, it will pay off.
How is a hackathon any different from a writeathon or a poetry contest? Just because a lot of programmers produce a lot of code it does not mean that code will be worth any money. A lot of very valuable free software doesn't make any money for the programmers writing it. Bitcoin is really a change in the model and the reason I support the deflationary model of Bitcoin is because early adopters (beta testers) and the original programmers are getting rich now. To me that is how it's supposed to work when you invent something of value for the world.

Imagine if Satoshi were paid in Devcoins instead. If Satoshi had millions of Devcoins, or even billions, it just would not work because there is no reason to mine Devcoins when 90% of profits go to the developers. Ethicoin has the advantage here in that it's fairly distributed 50/50 which to me makes a lot of sense.
This isn't true, many Devcoin bounties were paid for

  • software
  • open-source hardware
  • logo/banner designs
  • mining pools which offer an option to auto-exchange Bitcoins they mine into Devcoins
  • stock market to allow Devcoin-denominated assets

I suspect that mining stocks and other Devcoin-denominated securities had a significant impact on Devcoin market cap.

This is true, but it does not change the fact that it's easier for people to get paid writing for Devcoin because the bounty system isnt automated while Devtome is.

Particularly, this one: https://cryptostocks.com/securities/14 Ignore description, this is basically a Glari Mining Project (GMP) passthrough which pays Devcoins.

I suspect that when GMP will receive ASICs devcoin value might substantially go up...

And I'm saying it wont substatially go up. I know you have the masters degree in mathematics but lets see who is right. Our differences are philosophical and not based on abstract calculations. The statistics are what they are, the numbers are what they are, but I interpret them to mean something different. Let's find out who is right and if I'm wrong then I will eat my words but if you are wrong then perhaps you should consider a different model and consider my suggestion of a hard fork.

Anyway, Devcoin is pretty cool if you ignore everything about Devtome. It isn't about communism, it isn't about paying as many workers as possible. It is about providing capital for cool open-source projects.

If it's about paying as many workers as possible are you saying that people who produce code are somehow more valuable than people who write poems and books? I'm saying they are relatively the same because the nature of the work is relatively the same. This is why the pay should be relatively the same.

But you're under the impression that somehow if we turn all the writers into programmers that this will make any difference? It's still just people getting paid for language arts, it's not going to make any real difference. Devcoin isn't going to become more valuable just because some guys writing python and visual basic are making apps for Devcoins instead of a bunch of guys writing novels and poems. My argument is that Fin Shaggy has done more to popularize Devcoin than anyone else and he did it with his words, not writing code.

I think perhaps the problem with Devcoin is that it can only support a finite amount of writers and programmers at a time. That isn't how a market is supposed to work. When more people are willing to work, the pie isn't supposed to shrink. When productivity and quality increases the profits aren't supposed to shrink. That is what I see happening with Devtome. Devtome is more popular than ever, has higher quality works being produced than ever, yet the pay for each worker is going down?

This provides no further incentive for workers to improve quality, or produce better work. The same will apply to programmers, eventually the pay ceiling for programmers will be reached just as it is for writers and then no amount of innovation, hard work, or quality will transcend that ceiling.

That is the problem with Devcoin in the immediate future. Unless quality and innovation is rewarded then it's all going to fail. And no one said anything about communism, but the purpose of Devcoin and of an economy in general is to allow people to trade and in this case people want to trade writing because Devcoin currently supports only writing.

Bounties are going to be very limited. So basically you're saying Devcoin is always going to be a very small market which can't really grow too large or it stops working. That is why I say it's broken from the start.

DEVCOIN BEUING DELISTED >> WRITUN G PROJECT = SCAM

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