Devcoin

[EmilianoZ]

I have a plan:
We could set a percentage for demurrage (destruction) for say.... every...  year..., half year...or two years, this will have the media impact we need to have the coins promoted, and it will be sort of free.
At the same time we set a maximum quota to mine during a given time span, could be the same as for the time before the demurrage is set. The mining dificulty can be adjusted to comply with the quota.
Doing this we are not attached to a hard limit for mining new coins but we will be able to control the amount of coins available in the market. Lets remember this is a matter of offer and demand, the supply right now is soooooo big, no one worries the demand would be higher than the offer, therefore the value drops.

[1714064219]

1714064219

[1714064219]

1714064219

[1714064219]

1714064219

[1714064219]

1714064219

[EmilianoZ]

I understand you are saying gambling, sex, etc... fuels demand, but right now it might not be enough

[Ethicoin]

I understand you are saying gambling, sex, etc... fuels demand, but right now it might not be enough

DVC has more than enough projects in the works.

For example the DVC advertising network.

If someone could clone the DGC marketplace for DVC this would be absolutely awesome: http://dgcmarket.com/index.php?

DVC has such a strong community I don't see it dying (or relying on dodgy gambling sites) anytime soon.

 

[Dexter44]

We could give a part of the monthly share to open source platforms, starting with wikipedia. They will give to writers and programmers a small reward, giving back to devcoin a worldwide free publicity. The writers in wikipedia-like sites will start writing even for devtome. In one year you can really have devcoin stable to 1 usd. If you think: what is the meaning to have millions of almost worthless coin? I would prefer to have thousands of high valued coins, instead.
On the contrary, if unthinkingbit wants to transform this coin in a haven for sex and gambling, the road is the one you are talking about.
But please, do not talk of ethically oriented coin, if your idea is sex, gambling, etc...

[ashleysly]

To start to fuel the DVC economy, I have the ability to sell xBox live points and membership for DevCoins.

I can even sell many things. Give me a list and then I can see from my wholesellers.

P.S. there is a forum at www.devcointalk.org where all this can be talked at...

[Vlad2Vlad]

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!

Actually, that's fairly normal (and I've been watching and buying DVC for roughly 1 month).  USD volume is usually maybe 1/15th that, on a good day, but for BTC/DVC its pretty normal.

Think about it like this, just 1 bitcoin is nearly 1 million devcoins (currently dropped and bidding at around 850,000 DVC - BTW it was 600,000 DVC per BTC just 10 days ago or so the last time I Bought DVC) so if you think about it like that we're talking about roughly 15 - 20 bitcoins.

Lots of people have 20 bitcoins to blow.  And money-wise that's only about $2,500 - once again very small market.

When we start seeing 5 to 10 times the normal volume that's when you know something is up.  

I might add that the biggest reason DVC price has been dropping in USD (and BTC) is because BTC value has gone up from $118 to roughly $130.  That's quite a big jump in under 1 week and the other coins haven't kept up so they're now selling for less since as people demand more for their BTC's then the USD value goes down as well.

This creates a great opportunity to buy for a ridiculous price.  I paid $.00041 just 30 days ago and now its half that.  It's a steal if you have money to speculate as this one sided Bitcoin only mania has got to swing in this direction soon. People have got to see the value in these other coins if they think bitcoin is a good deal at $130.  

I think its only a matter of time, maybe 3 months or so.

Unfortunately, meanwhile, earnings per share looks like is going to hit the all-time low of $50 from about $79 just a week or two ago.  This doesn't matter much if you believe in the future of devcoins but if you're a developer counting on the money then I'm sure it hurts.

Accumulate while it's low, I say.

Good luck!

Vlad

[weisoq]

We could give a part of the monthly share to open source platforms, starting with wikipedia. They will give to writers and programmers a small reward, giving back to devcoin a worldwide free publicity. The writers in wikipedia-like sites will start writing even for devtome. In one year you can really have devcoin stable to 1 usd. If you think: what is the meaning to have millions of almost worthless coin? I would prefer to have thousands of high valued coins, instead.
On the contrary, if unthinkingbit wants to transform this coin in a haven for sex and gambling, the road is the one you are talking about.
But please, do not talk of ethically oriented coin, if your idea is sex, gambling, etc...

Interesting idea, although I'm not sure how you'd tie-in distribution to wikipedia-like sites and devcoin promotion with devtome existing as competing and paid wikipedia-like site.
I think the 'ethical' element refers primarily to distribution, rather than how or if anyone can (or should) control how they're spent.

[Dexter44]

Today I have received 1000 XRP.
It means I need a ripple wallet.
People should feel the need to have a Devcoin wallet, even if for a small amount.
I believe a controlled giveaway of DVC should be done, in one way or another, with the intent to capture the attention of the public.

[Icoin]

DVB Sponsor opportunity for round 23:

Since round 22 the DVB project offers a sponsoring opportunity for projects and websites:

The sponsor gets a exclusive display on https://devda.ch frontpage douring dividend round 23 and will be meantioned with link on https:/cryptostocks.com news.

All sponsored funds will be used 100% as a addition to the regular weekly dividend.

If you like to become a DVB sponsor please write to sponsoring @ devda.ch.

Minimum sponsoring amount for round 23 is 100 000 DVC.

Thank you all, for helping to make artificial scarcity obsolete.

[jiefangqian]

Welcome!My p2pdvc bond is in cryptostocks.com.

Yup i saw gtz i bought a LOAD to

THANKS!

[Barnacle_Ed]

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

Doesn't Vircurex already do that?





Also, I had a brainwave on the train ride home yesterday. DVC is designed to help out "makers" - the types of people who create things - right? Why not establish a site that sells raw materials and/or contracts between these makers...if and when they have a final product, it could even help them with selling it for fiat for additional income on top of whatever DVC income they receive from bounty and contracts.

[ashleysly]

Now this thread has got lots of pages... Hard to keep track when its all in one thread. Good thing theres www.devcointalk.org to discuss the possibilities to do with devcoin. I'd recommend to make new devcoin related threads and posts there.

[Amph]

how to write an article for devtome?
it's possible to write it directly on the site, or i need another site?

[markm]

You upload it to an image hosting site like imgur or tinypic, then it will give you a link for image boards and forums. It will look like this without the **'s

[*IMG]http://i41.tinypic.com/2uyj7lz.png[/*IMG]

And when pasted without the stars will work like this.

That is a HORRIBLE idea! We need to own the image, that is, have a copy of it ourselves, not depend on some third party site.

-MarkM-

[markm]

..
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

Is there an info page about each image, so you can use as link the image's own page, like on wikipedia?

-MarkM-

[markm]

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

Open Transactions markets trade tokens, such as digiBiTCoins, digiDeVCoins and so on.

The issuer of the tokens creates a contract, and the hash of the contract is the ID of the asset, so changing the contract in any way would result in an entirely new different distinct separate asset.

In the case of dBTC, dDVC etc the contract pretty much is about there being real BTC, real DVC in cold storage that each token represents.

The problem with using fiat at all is all the laws about fiat that make fiat pretty much impractical to use.

-MarkM-

[weisoq]

Open Transactions markets trade tokens, such as digiBiTCoins, didiDeVCoins and so on.

The issuer of the tokens creates a contract, and the hash of the contract is the ID of the asset, so changing the contract in any way would result in an entirely new different distinct separate asset.

In the case of dBTC, dDVC etc the contract pretty much is about there being real BTC, real DVC in cold storage that each token represents.

The problem with using fiat at all is all the laws about fiat that make fiat pretty much impractical to use.

-MarkM-

Cheers. Re-reading my post not sure I made much sense, so the point I'm trying to make (from reading and listening to stuff from fellow traveller where he refers to fiat - so perhaps my conceptual misunderstanding):

If OT trades tokens how can it exchange tokens into fiat? Or is he then also referring to dUSD dJPY etc and it's a matter of agreement between buyer and seller whether thay perceive that dUSD or dJPYto have equal exchange value against something as a USD would have?

[weisoq]

how to write an article for devtome?
it's possible to write it directly on the site, or i need another site?

Have a read through these:
http://www.devtome.com/doku.php?id=earn_devcoins_by_writing
http://www.devtome.com/doku.php?id=how_to_get_setup_earning_devcoins_by_writing

Create an account on devtome, then send a pm to me or fuzzybear with a short sample (just 50-100 words) to ensure it's not a duplicate/bot account and we will activate it. Feel free to post more questions or pm me if you have more questions.

[doublec]

I did some digging into why devcoin's difficulty is increasing so much. Vircurex says the hash rate is around 6thash. A list of recent devcoin coinbase are:

Code:

"5b323031332d30362d30325431333a33313a33362e3436323531375a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"04c02d151a010152"
"5b323031332d30362d30325431333a34313a35382e3432353934345a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"04ca0f151a010152"
"5b323031332d30362d30325431343a31363a32332e3439373238385a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431343a33313a32332e3533303138385a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"049aec141a010152"
"5b323031332d30362d30325431343a35383a34352e3234303439385a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"044cee141a010152"
"5b323031332d30362d30325431353a30363a34392e3439373934395a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431353a31313a35362e3631323439335a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431353a32303a35372e3139303232355a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431353a32323a31352e3234383030325a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431353a33303a34382e3435303432395a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"
"5b323031332d30362d30325431353a33353a30342e3630353339305a5d20e4b8ade59c8be8a3bde980a0204d61646520696e204368696e61"

Eleven out of those 15 are the long coinbase which contains the string "Made in China" when translated to ASCII. This appears to be a bitcoin pool that is currently only identified by the string in the coinbase. An example of a bitcoin block of theirs. I assume from the coinbase string these are the same miners. Looks like they have a substantial hash rate! They could also be the ones dumping coins.

[odolvlobo]

Reposted from another thread...

Is it possible to get devcoins for original art? While I like to write, my primary creative skill is photography.

I can see that there might be problems with accepting photos. While even the lowest quality writing takes time and effort, it takes no effort to snap a random picture. Maybe the photos could be curated. Also, plagiarism is easy. Tineye might cut down on that problem.