Topic: Devcoin - page 17. (Read 412930 times)

What about the logo contest?

I agree 100% on it.

Most revenue-sharing sites reward per visitor, not per upvote or per word (the per word thing is a hangover from print journalism).

Upvotes can be manipulated (remember how the old Digg had cliques who upvotes each other's stuff to get to the home page).

The only reliable measure of whether a piece is any good is visitors - are people reading it, is Google featuring it in their search engine, are people sharing it on reddit? If you use an analytics package like Google analytics, which filters out all the bot hits and only counts the views from a browser, you can get a pretty reliable idea of which articles are popular.

A vision is something considered unrealistic at the moment. DVC needs visionaries, we can say, able to bring this coin a spotlight. Unless it is carried to the light by something or someone within 6 months, I cannot see a bright future for DVC. DVC will remain a "bonsai" among the growing numbers of altcoins.

The Puppet

I think a bigger problem is now that DVC is becoming more popular, people are earning DVC and than cashing them out, instead of holding on to them. Over time this will cause their value to keep getting lower and lower. While there may be way more articles written in round 24 than round 23, the DVC/BTC value has HALVED. The constant selling of DVC is unsustainable.

Also sadly, it seems that the original goal of paying for open source development is falling to the wayside as well, as the value of shares plummets. I was thinking about trying for the forum bounty (still might when I'm done with finals), but at this point, 12 shares for all that work seems like nothing compared to the hundreds of shares people are getting for writing.

I still have faith in the vision of DVC though, and I hope we can come up with some solutions to these problems as a community.

There are infinitely many Devcoins, finite places to spend it, and no logical reason to save it according to basic math of unlimited supply and limited demand.

Everyone who is writing for Devcoins should expect to see their shares dwindle to nothing in the coming round. You'll be lucky if you get a few hundred bucks from 20,000+ words.

My opinion is, if you reduce the pay so that it's no longer worth it to truly dig deep to write something great then less great works will be created. Rewarding writers only per word is too limited. Why not allow a rating system so that highly rated works get bonus shares? Also why are works essentially set per round? Over time when the shares shrink smaller and smaller they claim a lot of people just will stop writing as if everyone is of the same class as them or has the same amount of money? The people who need money the most will write whether the shares are $10 or $500 and I think globally those people vastly outnumber those of privilege who can write as they feel like it.

I do think quality will go down but it doesn't have to. The only change necessary to keep the quality writers is to change the system so that quality is rewarded. This can be accomplished by allowing readers to link a vote to an email address and then rate each article they read. The way to allow this is to link it either by verified email, or by Bitcointalk username and let people vote and maybe even pay them in Devcoins to review/vote.

No, it ends at 93,300, maybe 2 more days.  What OS are you using?  Why isn't working, not downloading or you're not seeing any connections to the server?  You have to give it time to synch all 92,500 blocks, then it will work.  

The download is straight forward I even had an easy time downloading it especially the new client with the green D logo.

If the zip file isn't working use the .exe link.  That's the one I ended up having to use.  32 bit works just fine on Windows 64.  Good luck.

Guys, what do I do?

My DevCoin wallet doesn't work, because I can't download the bundle correctly.

(Also, has this round ended already?)

I agree that things seem off. As we get more writers, pay goes down. This attracts more writers that are willing to work for almost nothing, which means quality writers will avoid the system. This will keep deteriorating until the only people benefiting anymore are those who are posting their spam or other worthless stuff.

I don't think the long term prospects of Devcoin are very bright. The more people who write, the less pie there is for writers? That means it's a zero sum game. Why are people actually trying to attract more writers if the case is that quality will go down and so will the pay? It doesn't seem to be good for Devcoin either.

Long term the quality of articles of Devcoin will begin to reflect what writers are paid to write them.
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You may end up being correct.  This is truly a unique experiment for a business plan.  On the surface it's almost ideal but the big question is:  can it be sustained and will quality improve or worsen as time goes on and shares shrink.  

MarkM, made a good point that people won't rush out to just write anything cause the shares are large.  At the same time you're correct too, one would expect quality to worsen as talented or educated people rather spend their time where they can maximize their earnings potential.  

It remains to be seen.  I'm excited to see what happens.

The way to keep quality from dropping is to actually pay people enough money to care about quality. $50 an article is almost in that range, anything less and people will stop caring and of course more than $50 and people will care much more. It's a matter of the pay structure.

They need to adjust the pay structure.



Ideally we would live in a world where everyone does not have to work for money. Unfortunately if people don't write then they cannot pay their bills, so people must write. This is why there has to be enough pay to go around so that there is at least a minimum expected amount of money people can get. If you basically leave it up to the market and tell people their words can be worth $50 a share this month, $20 a share the next month, $500 a share the next month, this is not stable enough for people to know how much they'll get paid. Basically it will amount to a form of gambling where people gamble with their words in hopes of writing at the right time. That is about the worst way to set up a market.

Some articles will be higher quality than others, why shouldn't those articles get bonus shares? Some articles will just be crap to get a lot of words written, why not reduce shares for those articles? And why restrict share distribution to per round? If people don't get paid enough in one round why not allow them to roll over into the next around until they get some bare minimum amount?

There are a lot of areas to be improved upon but basically Devcoin got the math all wrong. The math just does not work and will not work and as soon as third world writers and spammers discover Devtome then Devtome is dead.

I don't think the long term prospects of Devcoin are very bright. The more people who write, the less pie there is for writers? That means it's a zero sum game. Why are people actually trying to attract more writers if the case is that quality will go down and so will the pay? It doesn't seem to be good for Devcoin either.

Long term the quality of articles of Devcoin will begin to reflect what writers are paid to write them.

This is an excellent point as well, . My only fear is quality is going to drop considerably. There really needs to be someone (or a group) there to judge that.

On the bright side, possibly if the pay doesn't seem great people will not be as eager to write just for the sake of writing / for the sake of the money. I know I don't feel like oh gosh I have to write something else I am missing out on potential income, instead I now am more likely to only bother to write something when there is something that needs to be there. Instead of perusing my lists of pages looking for more gaps I can fill in I am now off doing other things and will probably only be posting to the devtome when something comes up that should have a devtome page about it.

For example right now I am looking into setting up an OpenSimulator server; if I get that running and some regions set up in it then maybe I will make a devtome entry about one or more of the regions.

Whereas when each share was a lot of money it constantly nagged at the back of my mind that really I should just try to think of something to write in devtome because that would pay better than whatever else I might consider doing with my time.

-MarkM-

You're talking about yesterday.  Round 24 and soon 25 has gone down by at least a factor of 4 if not more.  First, the value of devcoins has been cut by roughly 60% and then the amount of coins per share is down by at least 60%.  That's closer to a factor of 5 or 6 than a factor of 4 so take your $20 per hour and we're closer to my $2 per hour neighborhood than your $20.

Being a student is one thing. If you were a skilled computer programmer would you work for $5 per hour, $3, $2 per hour?  That's the neighborhood we're in.

I'm not complaining, nobody is forcing anyone to contribute.  I was simply pointing out a statistic, a fact and I mentioned that it may not make any difference as there may be lots of people, like students or trained professionals in 3rd world countries who think $20 per day is a good deal.

Like I said earlier, I'm excited and curious to see what happens in round 5 because unlike round 22, I see much wider and deeper awareness for round 25.  Should be interesting.


Good luck!

Edit:  here's an easy way to figure out the change:  last round we got 359,000 per share and I actually paid .00041 cash for devcoin on vircurex.

So for last round we got 359,000 X $.00041 = $147

This round I'm guessing a share will be roughly 140,000 coins times $.00020 (the actual bid is lower than this right now) so then your total per share this round is $28.  And it keeps heading lower for some reason.

So from $147 to $28 it's pretty much what I guessed, a change by a factor of 5, which means this round and maybe even the next is worth 20% (1/5) compared to last round so last round is not a good gauge to use for time value or opportunity cost.

I think devcoin will bottom soon and eventually go up on increased global demand and and/or positive catalysts, but I doubt we'll ever see large shares like last round (359K) or especially the round prior to that (1.41 million).

That was last round. This current round is less than half that, and is expected to keep getting lower and lower.

Not sure what you're talking about with the $2 an hour thing Vlad. I got 17.2 shares last round = ~6179641dvc = ~7.6btc = ~$823 at current exchange rates. Now, I posted some stuff I had written in the past, and I also got some shares for programming work (which actually took more time than writing), but assuming I had got those shares for writing 17k words, that'd mean I had spent over 400hrs, at ~40 words an hour. I definitely write faster than that!

I think if you're writing about something you know a lot about, 400 words an hour is a reasonable pace, which would give an estimate of about $20 an hour. Not bad for freelance writing. Granted, some people might write slower than that, and the exchange rate is crashing a bit, but it seems to me writing is still worth your while. I haven't had as much time this round to write (finals week in my university right now), and it is a bit discouraging seeing how many words the top writers have contributed, while I've only written about 4000. But even if there are twice as many shares that is still about $100! And I don't know about your situation, but as a college student, an extra $100 a month is very helpful.

Ranlo, you mind if I ask:  are you a writer or did you have articles pre-written from other sites perhaps?  Just curious cause I worked really hard and I'm far from 80K.  Some nights I wrote straight thru until the next evening.  Maybe that's why I burned out, I hit it too hard and furious.  Lol.

I was just so excited to have found a way to earn crypto-coins.  I was posting page long posts on here until I got called a troll.  Ahaaaaa.

At any rate, at roughly $2 per hour now I don't know how much writing I'm gonna do.  I'll still write some but it's hard when I know I can allocate my time for things much more valuable, either monetarily or family-wise.  But I really believe in this thing, I'm a long term holder - i will not sell any of my crypto-coins, and I really want devcoin to succeed so I'll write even if it's just a charitable thing but I don't know if I'll have the chutzpah to write 18 hours straight when the financial reward is no longer there.  

But with Devtome and Devcoin's skyrocketing popularity, on a global scale now, I don't expect this type of reaction to have a significant impact on new content going forward.  It will definitely be an interesting case study to see how things develop over the next few months.  We definitely need a catalyst in the short run to help drive the price of Devcoin back up - to mitigate the sharp drop in share value.  Maybe some big development such as a huge investment by Wallstreet or a big name such as a Soros.  I' convinced it's coming and soon - 3-12 months.

Good luck, bro.

Not sure if you're talking to me, Jaisn.  I said about a week early cause I'm also counting the remaining 3-4 days we still have left.

I didn't know initially it was a may contest only which is why I asked why a winner was announced prematurely.  It's your contest, your money, thanks a lot for being generous and thoughtful.  This is the kind of generosity that brings a lot of awareness to devcoin.