Devcoin

[markm]

There are 50,000 coins per block forever, my client last saw block number 86178, so (50000*86178) existed when I looked at the client's readout just now.

Bear in mind though that General Financial Corp and the Martians have both made (secured) loans denominated in DeVCoins, which add up to way the heck more, by far, DeVCoins than actually exist or even will, over the next few years, exist. That has to have some influence somewhere along the line even if most debtors pay using other currencies based on the conversion rates listed on the price lists at the time they make a payment.

(GFC owed the Martians 209559292109.76655006 DVC as of last record I have, while as of the block mentioned above there were only 4308900000 DeVCoins in existence. GFC was itself owed 125548331138.37619984 DVC ... It borrowed from the Martians in bulk at one interest rate and re-loaned to people seeking refinancing, charging them twice the interest rate. Since the currencies the people seeking refinancing had had their debts denominated in previously had been climbing in value far faster than DeVCoins, plus in some cases the interest rate charged by GFC was lower than they had been paying, this worked out as a good deal for the debtors as well as for GFC and the Martians. Hmm looking at those figures it looks like GFC owes the Martians double what is owed to it but that is not the case; the amount shown as owed to GFC is the amount owed to them over and above the amount they owe.)

-MarkM-

[FinShaggy]

I have so much stuff I want to add to Devtome!!!!  I wish I had like 7 computers and 14 sets of hands. And at least 7 eyes.

[master-P]

4,308,900,000 DVC in total

[markm]

4,308,900,000 DVC in total

Sure, but 335,107,623,248.14274990 owed by debtors ... They can buy up cheap coins at Vircurex a long long long time and still not make much dent in that debtload!

-MarkM-

[master-P]

4,308,900,000 DVC in total

Sure, but 335,107,623,248.14274990 owed by debtors ... They can buy up cheap coins at Vircurex a long long long time and still not make much dent in that debtload!

-MarkM-

But then doesn't the person(s) who gave the loan, keep increasing their share of DVC or do those DVC disappear? This talk of martians and debtors is confusing me lol.

[markm]

The typical bitcoin markets really mess up the idea of using a "unit of account" because they make the purported exchange rates be kind of mythical. That vis, you might look up on MtGox the exchange rate of bitcoins as, say $100 per bitcoin, but the way that market operates you cannot really very well conclude from that that the price of a thousand one-hundred-million-dollar mansions would be one billion bitcoins.

But, that is exactly the kind of thing you have to be able to do with a "unit of account".

So basically what happens in practice is someone ships close to five million units of Deuterium to a General Mining Corp depot, the amount of GMC currency their shipment is worth is looked up on the tables for that moment in time at http://galaxies.mygamesonline.org/digitalisassets.html and then if their debt is not a debt to GMC and denominated in GMC those same tables are used to convert the GMC they earned for the shipment into whatever currency their debt is denominated, and GMC settles up, usually in some national currency or in GMC currency or even in GRF currency, with the creditor on behalf of the miner.

This would get royally mucked up though if for example GFC did suddenly start demanding actual DeVCoins instead of the equivalent value in any generally acceptable currency... But, that would kind of be a step backwards from being an actual currency useable as a unit of account, and being just some weird limited-edition commodity...

-MarkM-

[FinShaggy]

So...

WHat can you buy with Devcoins besides Bitcoins and regular currency?

[Unthinkingbit]

FinShaggy:
http://devtome.com/doku.php?id=wiki:user:finshaggy

has written way more than a thousand words. The first five of the 21 articles listed on his user page are:
http://devtome.com/doku.php?id=feral_south
http://devtome.com/doku.php?id=contact_by_finshaggy
http://devtome.com/doku.php?id=arrested_development
http://devtome.com/doku.php?id=ep1_pilot
http://devtome.com/doku.php?id=ep2_top_bananas

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

There are now three, three share bonuses remaining. He will also get earnings for writing:
http://www.devtome.com/doku.php?id=earn_devcoins_by_writing#earnings_per_word

[FinShaggy]

FinShaggy:
http://devtome.com/doku.php?id=wiki:user:finshaggy

has written way more than a thousand words. The first five of the 21 articles listed on his user page are:
http://devtome.com/doku.php?id=feral_south
http://devtome.com/doku.php?id=contact_by_finshaggy
http://devtome.com/doku.php?id=arrested_development
http://devtome.com/doku.php?id=ep1_pilot
http://devtome.com/doku.php?id=ep2_top_bananas

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

There are now three, three share bonuses remaining. He will also get earnings for writing:
http://www.devtome.com/doku.php?id=earn_devcoins_by_writing#earnings_per_word

AWESOME, thanks. How many Blocks are left in this round, do you know?

[markm]

So...

WHat can you buy with Devcoins besides Bitcoins and regular currency?

Assets on the Digitalis Open Transactions server. Also pretty much anything in various games that players are willing to sell.

-MarkM-

[Unthinkingbit]

CaramelSunshine:
http://devtome.com/doku.php?id=wiki:user:caramelsunshine

has written more than a thousand words:
http://devtome.com/doku.php?id=sessions_and_reasons

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

The writer will also get earnings per word:
http://www.devtome.com/doku.php?id=earn_devcoins_by_writing#earnings_per_word

[FinShaggy]

So...

WHat can you buy with Devcoins besides Bitcoins and regular currency?

Assets on the Digitalis Open Transactions server. Also pretty much anything in various games that players are willing to sell.

-MarkM-

So... People trade things in games?? Like, could you buy Microsoft points from someone with coins?

[markm]

I don't know, I don't do Microsoft. I was thinking of free open source games.

-MarkM-

[FinShaggy]

I don't know, I don't do Microsoft. I was thinking of free open source games.

-MarkM-

So there is no like silk road type application for Devcoin?

[jasinlee]

I don't know, I don't do Microsoft. I was thinking of free open source games.

-MarkM-

So there is no like silk road type application for Devcoin?

Not yet.....

[FinShaggy]

I don't know, I don't do Microsoft. I was thinking of free open source games.

-MarkM-

So there is no like silk road type application for Devcoin?

Not yet.....

Well, once Devcoin serves its purpose, and helps me (a STRUGGLING writer) get paid for what I do, I am going to use that money to make it where when you search "What can you buy for Devcoins?" MY website comes up, unless someone else beats me to it, then mine will come up SECOND!

If anyone would like to help me start this sooner than the next payment period, please donate some DVC: 1mZW6zRuz5wRrCijYgEnJWcncBiqRyFPN
It will go to turning the websites FinShaggy.com and HomeGrownSouth.com into a DVC user haven. We are WAY to broke to develop our sites, but they are meant to be a site to aid the world and a site for forum discussion.

[FinShaggy]

What are other ways to earn Devcoins? They say it is for all kinds of artsist.

Where can I post videos and earn Devcoins? Where can I earn coins for audio tracks? Where can I post Websites for sale?

Is there such a place.

[FinShaggy]

After the 4/20 Rally (early May), I'm going to promote DevCoins like a MOTHERFUCKER. I'm gonna tell people "it costs less than a penny to support independent artists around the world." and link them to Vircurex and tell them to buy 1 or 2 DVC, since they only cost .0009 USD So 1 penny buys you 10 devcoins and gives money to an artist.

Then I'm going to try to make my own site as I said previously. If I can get a few million DVC (from my writing on devtome) I'll make a forum where you get paid DVC once a month or once every 2 months based on your post count. Then make a store where they can use the DVC to buy stuff, and also let outsiders buy stuff. And exchange for BTC and USD.

I REALLY think DVC can help EVERYONE and I really want to help it.

[psybits]

So...

WHat can you buy with Devcoins besides Bitcoins and regular currency?

We accept Devcoin at http://bitcoinprbuzz.com for our Press Release and promotion services for cryptocurrency ventures!

[FinShaggy]

About to head out for the 4/20 rally!!!