Devcoin

[Balthozar]

No problem. Yeah, it is very interesting from what I have read and seen so far.

That's only 1/6 of the discussion
If I had more privacy I'd get it all done sooner.

Lock yourself in the bathroom with your laptop and write away! Lol.

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[Barnacle_Ed]

DVC prices has been slumping over the past few days...makes me a sad barnacle


Incidentally, what sorts of goods/services do people want to see offered for DVC? I can't seem to find a whole lot of goods to spend them on, tbh.

[weisoq]

DeVCoin is not producing any more coins really than "normal" until it reaches the block at which, if it had been bitcoin, it would have halved the block reward. That isd, when it is approximately four years old. Until then it is not doing anything different than any normal coin really.
So maybe the only trick needed is to somehow make sure that when we reach that point we are still growing enough that people are actually glad we aren't halving the block reward.
I don't think that is really very difficult
...

Is there any way to quantify the total dvc volume ties up in OT reserves, GM loans and securities? I find the game ideas interesting but honestly struggle with the abstract (actually not so abstract, but I don't yet have my head fully around this) nature of the 'virtual' vs 'real'.

Generally, there's not really an issue with the economics, it's just about perception. Which, putting aside my own specific views, is interesting because it demonstrates just how early these developments must be in the move towards progress.

[FinShaggy]

DVC prices has been slumping over the past few days...makes me a sad barnacle


Incidentally, what sorts of goods/services do people want to see offered for DVC? I can't seem to find a whole lot of goods to spend them on, tbh.

Only because the price of Bitcoin is rising. It will even out though

[markm]

The devtome wiki syntax page seems to assume images will be on third party sites, which surely is wrong since images are supposed to be uploaded to the wiki, for example that ensures they are appropriately licensed and also makes sure they actually still exist, we cannot go relites to retain our images for us.

I upoaded an image to the root of the images galleries, but cannot find any working syntax for causing it to actually get displayed on a wiki page.

Anyone know how? Hopefully in a portable way that does not rely on directory structure but, rather, the namespace structure?

I tried {{root:yeworld.jpg}} but that doesn't work so no idea how to tell it the namespace. Trying just the file name with no namespace didn't work either, nor even did putting square brackets around it nor using /root/yeworld.jpg on a wild guess that just maybe the root namespace might correspond to a directory named root...

-MarkM-

[markm]

Is there any way to quantify the total dvc volume ties up in OT reserves, GM loans and securities? I find the game ideas interesting but honestly struggle with the abstract (actually not so abstract, but I don't yet have my head fully around this) nature of the 'virtual' vs 'real'.

Generally, there's not really an issue with the economics, it's just about perception. Which, putting aside my own specific views, is interesting because it demonstrates just how early these developments must be in the move towards progress.

The Digitalis Open Transactions server has issued 220 million dDVC (digiDeVCoins) so far, corresponding to 220 million actual devcoins secured in cold wallet vaults.

Of those digiDeVCoins how many are in what account gets somewhat more political. I think Martian regulations only require corps to show any kind of balance sheets and such to shareholders who own 10% of the corp, so its not like you could buy one share of a corp to get a list of all the assets it holds...

-MarkM-

[Unthinkingbit]

..
I upoaded an image to the root of the images galleries, but cannot find any working syntax for causing it to actually get displayed on a wiki page.

Anyone know how? Hopefully in a portable way that does not rely on directory structure but, rather, the namespace structure?
..

I added the syntax description to:
http://www.devtome.com/doku.php?id=earn_devcoins_by_writing#earnings_per_image

Because of a bug, images have to be part of a link to be displayed, the link can be to anything. An image link looks like:

[[link to anywhere|{{image file name}}]]

[[https://bitcointalk.org/index.php?topic=34586.msg2084348#msg2084348|{{devcoin_button_fheenix.jpg}}]]

Many images can be seen in the devcoin gallery:
http://www.devtome.com/doku.php?id=devcoin_gallery

[weisoq]

The Digitalis Open Transactions server has issued 220 million dDVC (digiDeVCoins) so far, corresponding to 220 million actual devcoins secured in cold wallet vaults.

Of those digiDeVCoins how many are in what account gets somewhat more political. I think Martian regulations only require corps to show any kind of balance sheets and such to shareholders who own 10% of the corp, so its not like you could buy one share of a corp to get a list of all the assets it holds...

-MarkM-

Thanks. Been doing some reading on open transactions and had a listen to an oldish cypherpunkd interview with fellow traveller. Appreciate you don’t speak for him and vice-versa, but have a few basic questions if you have a mo to entertain them:

(1) OT combines some digital cash concepts. It creates an untraceable, anonymising exchange for say btc, into any other currency type/basket etc. Unless I'm misunderstanding something, what's the basis for it's ability to legitimately do this but not exchange other (fiat?) into btc as a starting point?

(2) Following from (1), if it can't serve a role as a starting fiat exchange point does that infer that OT is treating all assets as virtual from the point of its involvement in a process, such that transactions/exchanges incorporating OT are dependant solely on the self-verifying nature of contracts created (i.e. all good so long as you know another party will accept your contract – e.g. an OT ‘US dollar’ as a US dollar etc?).

(3) A large part of what I’m reading seems to build upon the example of btc as the backing asset/currency, facilitating transactions rather than necessarily acting as the medium of exchange itself. Is the choice of Bitcoin purely circumstantial i.e. it could be any crypto really, or does this perhaps add weight to the idea of Bitcoin in its limited numbers serving a different monetary role to any actual medium of exchange proposition; rather as the backing medium or commodity.

(4) Following from (2), I’m left with a better appreciation of the growing blur between ‘real’ and ‘virtual’ assets. Frankly, what is a financial asset anyway, it seems a moot point which future cash flows are more imagined or real.

Hope that makes sense (posted here as the OT threads are more technical). Cheers

[alyssa85]

DVC prices has been slumping over the past few days...makes me a sad barnacle

On vircurex, the volume for the BTC/DVC trade is a colossal 15,694,970.8426  So I'd say someone sold almost their entire holding!

[jackjack]

Yeah, he could have divided his dump not to kill the price

[jasinlee]

Unthinkingbit can you check on the contest submitted articles for me on devtome.com tomorrow for me please.

[metazilla]

Yeah, he could have divided his dump not to kill the price

Over time won't this become a huge problem? People earn devcoins, want to use them to buy stuff, sell them for BTC, then either buy stuff with the BTC or sell the BTC for fiat. It seems to me that that there is an imbalance here, because no matter how many people think Devcoin is awesome and want to support the project, there are going to be people in it for the earnings and selling off their coins.

So what is the solution to this? How can we get people to buy DVC with BTC? The only thing I've seen so far that encourages a net influx of BTC -> DVC is twobit's ASICMINER passthrough, since it buys DVC with the BTC earned. That said, it suffers the same problem, in that people will want to spend their profits in some way.

It seems to me that the real solution would be a way for people to spend their DVC directly, without affecting the exchange rate.

Thoughts?

[Balthozar]

Yeah, he could have divided his dump not to kill the price

Over time won't this become a huge problem? People earn devcoins, want to use them to buy stuff, sell them for BTC, then either buy stuff with the BTC or sell the BTC for fiat. It seems to me that that there is an imbalance here, because no matter how many people think Devcoin is awesome and want to support the project, there are going to be people in it for the earnings and selling off their coins.

So what is the solution to this? How can we get people to buy DVC with BTC? The only thing I've seen so far that encourages a net influx of BTC -> DVC is twobit's ASICMINER passthrough, since it buys DVC with the BTC earned. That said, it suffers the same problem, in that people will want to spend their profits in some way.

It seems to me that the real solution would be a way for people to spend their DVC directly, without affecting the exchange rate.

Thoughts?

FinShaggy and I have been saying this for a long time. We need DVC markets and whatnot, or else DVC is nothing more than a token.

[Barnacle_Ed]

It seems to me that the real solution would be a way for people to spend their DVC directly, without affecting the exchange rate.

Thoughts?

Wholeheartedly agree. Other than computer parts and setting up bounties in this thread, I frankly see little in the way of Devcoin services...


Perhaps we should start a gambling site and/or a sale hub like Atlantis or BitMit. Those seem to be (relatively) simple ways to get some real DVC value in a short time.

[Barnacle_Ed]

It seems to me that the real solution would be a way for people to spend their DVC directly, without affecting the exchange rate.

Thoughts?

Wholeheartedly agree. Other than computer parts and setting up bounties in this thread, I frankly see little in the way of Devcoin services...


Perhaps we should start a gambling site and/or a sale hub like Atlantis or BitMit. Those seem to be (relatively) simple ways to get some real DVC value in a short time.

Nice idea, but gamble isn't really something that would give coin a value We need some serious service accepting DVC

It would be a start, at the very least. There's nothing like gambling, alcohol, and sex to inherently boost the value of anything...otherwise Las Vegas would just be a random patch of desert


I'm tempted to throw a few things for DVC together. My schedule is crazy busy for the next 2 weeks though since I'm gearing up for a hackathon on the 15th.

[jasinlee]

It seems to me that the real solution would be a way for people to spend their DVC directly, without affecting the exchange rate.

Thoughts?

Wholeheartedly agree. Other than computer parts and setting up bounties in this thread, I frankly see little in the way of Devcoin services...


Perhaps we should start a gambling site and/or a sale hub like Atlantis or BitMit. Those seem to be (relatively) simple ways to get some real DVC value in a short time.

Nice idea, but gamble isn't really something that would give coin a value We need some serious service accepting DVC

It would be a start, at the very least. There's nothing like gambling, alcohol, and sex to inherently boost the value of anything...otherwise Las Vegas would just be a random patch of desert


I'm tempted to throw a few things for DVC together. My schedule is crazy busy for the next 2 weeks though since I'm gearing up for a hackathon on the 15th.

When we are done with the ad network it will be be one good service. But I would suggest someone create an anonymous hosting/vps site that accepts dvc, possibly registrar also.

[weisoq]

the first thing devcoin needs is a liquid dvc/FIAT exchange market

[jasinlee]

the first thing devcoin needs is a liquid dvc/FIAT exchange market

Well....no comment yet.

[alyssa85]

It seems to me that the real solution would be a way for people to spend their DVC directly, without affecting the exchange rate.

Thoughts?

Wholeheartedly agree. Other than computer parts and setting up bounties in this thread, I frankly see little in the way of Devcoin services...

What we really need is an Ebay style Devcoin platform, where members of the community could list goods and services and buy and sell stuff from one another, all in Devcoin. So, if someone wants to buy from amazon.com, instead of cashing out to fiat to buy, they can just buy amazon voucher codes for Devcoin from someone else on the platform etc. I'm sure it could be expanded to include loads of things.

[EmilianoZ]

It seems to me that the real solution would be a way for people to spend their DVC directly, without affecting the exchange rate.

Thoughts?

Wholeheartedly agree. Other than computer parts and setting up bounties in this thread, I frankly see little in the way of Devcoin services...


Perhaps we should start a gambling site and/or a sale hub like Atlantis or BitMit. Those seem to be (relatively) simple ways to get some real DVC value in a short time.

Nice idea, but gamble isn't really something that would give coin a value We need some serious service accepting DVC

It would be a start, at the very least. There's nothing like gambling, alcohol, and sex to inherently boost the value of anything...otherwise Las Vegas would just be a random patch of desert


I'm tempted to throw a few things for DVC together. My schedule is crazy busy for the next 2 weeks though since I'm gearing up for a hackathon on the 15th.

When we are done with the ad network it will be be one good service. But I would suggest someone create an anonymous hosting/vps site that accepts dvc, possibly registrar also.

I still think we need to control the amount of devcoins in the market, I know the idea of having less coins is not a nice one ever, but think about it from this side, if we are able somehow to rise the value of devcoins what you win in value will make it up for the nominal loose, in other words, devcoin value now is 0.000001 of a bitcoin what if you spend half your coins to make it 0.0001.
With this value the services you are talking about here will start to appear out of nothing, like going downhill, while trying the other way around will be a lot harder.