Topic: Devcoin - page 2. (Read 412952 times)

It's funny that it is just limited number of people who are writing that actually are doing the dumping, yet those are the same ones who believe in the project enough to write.. they certainly love that price is above 0 so they can recieve something for their writing however we need to show them that there is a reason to HOLD instead of dumping and they will get far more $$ in the future than what you would get today. In that way DVC is more of an investment tool aswell as a means to get paid for work. When this happens you shoudl see price will only go up, as there are more and more people willing to chip in minor amounts to buy... it adds up over time.

The miners who do shared mining and dump as soon as they get any DVC are another story, I'm not sure how to give them incentive to hold the dvc, but I suspect that unless your using an ASIC right now you won't be moving the market much with your mined DVC so they are really a small part of the problem.

I think I have a solution to determine a pay structure. We should go with a meritocracy based around a badge system. These badges would act as rank and determine how much each writer gets paid.

This way you would have granularity, merit, reward for quality, and reward for work. This badge system could also apply to programmers, musicians, or anything else. In order to get a basic level badge an individual would have to pass an exam. This exam should cost some coins and this would prevent spammers. The exam process would make it easier for Fuzzybear or whomever to review works. Perhaps eventually let random community members or even pay individuals to review them. The initial badge would declare that the individual meets the minimum qualification to be recognized as a writer, a programmer, or whatever.

Then over time reward with different higher level badges. These different badges will act as rank and as long as the writer continues to write their pay grade will be a bit higher based on the quality of their previous work as recognized by their badge. There should be different sorts of badges passed around throughout the community which recognize different kinds of competency.

Integrity for example is very valuable no matter if you're a writer, programmer or anything else and a lot of us would rather see the rewards go to community members with proven integrity. This would act similar to ebay or amazon where people maintain a good reputation and can get business but scammers and cheats don't. The better the reputation and integrity of the artist, developer, etc, the greater the portion of shares they should get.

This would allow for the community to reward qualities not just of the work itself, but of the author or developer themselves and factor that into how much they get paid. For instance if Fin Shaggy is known to be a man of honor and integrity then he eventually will receive a badge and that badge will allow him to be recognized for that in pay rank. If Fin Shaggy is also known to be very competent at writing then he could get a badge for that and be recognized for that and get the $50 per share rate but the next person who does not have that badge or who isn't known as being a very competent writer, they'll have to focus more on earning the badge than on just pumping out low quality content. This will force them to actually care about the quality of their work for the badge.

The badge should be difficult to revoke if it's an integrity badge. If it's a competency badge then it should be permanent for writers because if a writer proves they can produce a good piece of art work or software that should be enough. The next step would be to create ranks which are even higher than badges which I'll call medals. Give the medals out to the truly exceptional people. It works very well in sports such as professional boxing or basketball where the champions and gold medalists are recognized as being the best and get the sponsorships.

This way established writers with good reputations for producing quality work will have badges, medals, and other qualifications and these should determine the worth of their shares. This way it's not marketing, it's not word count, it's not equally distributed like communism,  it's merit and competency and these badges could stay with the developer no matter what coin they use in the future. If Ethicoin, Devcoin, Bitcoin, Litecoin or Futurecoin becomes popular these badges will still have established the merit and rank and would persist throughout all of that.

This way I'll immediately know which among you are talented at whatever, which among you are knowledgeable or skilled, and which among you are honorable.

haha ya blast that everywhere!~ Yoshatoshi and me go wayyyy back! ;-) weeeeeee

Seems like Owsley is just bashing DevCoin because he doesn't want competition.

https://bitcointalksearch.org/topic/m.2457266

In case he tries to delete his post:

I just realized I need to add a section about number of words rewarded per month.  I will post it once I do.

Also, I know I am missing details about how shares are divided up.  If anyone has an article which clarifies that and is more accurate, please pm me and I will link to it  

why? lol maybe they could rethink their efforts into a real content based coin to compete with the one me and Yoshatoshi is about to launch! ;-)*WATCH!*

It is somewhere in this thread, but not sure how to easily find it, so a recap.

They did add trading in DVC,  they limited the number of decimal places prices could be set to.  This did not work with DVC as the price would have had to have been far above the the price on vircurex at the time. This did not work too well of course.  Rather then fix this, they then removed DVC as an option due to it having no trading volume.

I suggest  doing what http://dvcticker.appspot.com/ does  and using vircurex for dvc prices.

Have you guys tried asking BTC-e to start trading DVC yet? It would help ALTcointip bot to start showing DVC USD/EURO/RUR values next to DVC tips.

Awesome. I think shares will be bigger this time. Idk though, I haven;t been paying attention.

HOLY SHIT. I thought people were writing like 5,000 words each like last time. Lol.

We had over 900 shares a week ago.  We're easily over 1,000 shares.  I'm thinking 1 share will be around 150,000 coins, down from 359,000 coins last round.

Awesome. I think shares will be bigger this time. Idk though, I haven;t been paying attention.

$10 is like a year or so away.

Block 93,300 just ticked over.

Can we get a final payout/contribution sheet?

I'm curious how many total shares we have now that round 24 is over.  TIA.