Topic: Devcoin - page 80. (Read 412952 times)

But it only takes that one guy to hurt the rest of the community for a long time to come.

Again,
I know it is possible. I just don't think it will happen enough to matter, maybe 1 guy out of every 100.
This is a generation of Bloggers and Online Critics. This is what people are WAITING for.

And this is exactly more like what I was trying to get across.

It was an example. The numbers can be whatever you want.

Not with their entire lifetime ouvre of previously written work they can't, if they already posted the whole shebang during their first round. They'd sign up, dump their entire lifetime's accumulated writings (maybe from back in their college days when they actually did write stuff), dump the resulting coins for cash or bitcoins and not be back (because writing isn't even something they do, it is something the youth they once were once did...)

Plus, who is going to pay people how much to read hundreds of thousands of words per month and check it all for originality and such?

We need some limit if only to make it barely possible the stuff might actually get read in time to see it is all just "Jack is a dull boy, REDRUM" repeated tens of thousands of times...

-MarkM-

Yeah it's "possible" but I don't think 100,000,000 coins for one person in a round (besides unthinkingbit) is achievable.

Ex:
I am glad DVC does not cost $10 a coin right now, because I can post advertisements on YouTube saying "Come buy 20 coins for 1 penny!"... I really don't think it would be as easy to get people to want to buy $10 coins, no matter who they support, unless someone makes a store to spend them in.

Right, but Stephen King, just a hunch, probably isn't looking to make DVC by posting his novels to a small site for the rest of his life. He has his career and his money. I, on the other hand, am a college student full time, that isn't employed for that fact, and this is a way for me to make a little extra money, it's more of an investment though, because I'm not going to take my DVC and cash them out, I am going to save them, give some away, and other things to help the market grow, then after a while, if I need $100 I can just sell off $100 worth of DVC.

A round is 180,000,000 coins; not sure if that is before or after the miners take their 10%.

Oh duh it'd be after, else it'd be 200,000,000 coins. Silly me. Elementary math.

-MarkM-

Agreed, this is the tipping point and I give it the same amount of time, but I like putting a short end on it too, so 3-6 months is my guess. That's when they will be worth 1 penny each or more (in my estimation).

And I think people will flood in, but  don't think too many people are just going to "Cash out and leave" because they can come back every month and make more.

I don't think that will happen.

1) 100,000 words is just too much. I posted 2 books I'm writing and didn't get that many...

2) I don't think it is possible to get 100,000,000 coins... I get your point, I am just making my own that 100,000 shares would probably be like 40,000,000 DVC as long as Unthinkingbit keeps writing every round.

3) If they flood the market, that will peak interest. Just like with BTC, every time they get cheap, EVERYONE comes and buys a few. The price of DVC going down isn't a bad thing unless you only have short term vision.

Yes, exactly.

If Stephen King decides to donate all his novels to Devtome, he can post the 30 or 50 or whatever is decided thousands of words per round directly to the devtome through the next umpteen decades, along with articles about his miraculous rejuvenation treatments that allow him to live long enough, and/or we can spawn an "entire works of literature hosted in their entirety" site alongside devtome where he can plop an entire novel at a time at maybe a share per novel plus advertising revenue, or whatever compromise we need to come up with to get our hands on such a popular body of work.

How many words has the previously champion author been posting per round historically? (Unthinkingbit)

Albeit he tends to post three times as many actual words for a given amount of bounty as he tends to rework existing material rather than make up a bunch of fiction like some people.

That might give us an idea how many shares for writing has been historically normal or acceptable in the past.

-MarkM-

Devtome is reaching a tipping point and I do not want to see the next 6 months full of people pumping it for 100+ shares and then just selling out, crashing the price, and generally not actually helping DVC in the long term. This is also my fear.

EDIT: of course though once there are enough writers, no one writer will have a huge impact on the generation share value, as there will just be too many people writing, I anticipate this will be in roughly six months from my rough intuitive projections. Highly scientific

Right, but let's say someone else like you, who has tons of material to post shows up and blasts devtome with 200,000 words. I agree that traffic will continue to grow, but I don't want to see a "pump and dump" scenario happen. Someone (with bad intentions) comes in and grabs up those 100,000,000 DVC, sells them right after for BTC or USD or whatever, that floods the market and thus we will see it crash.

Bounties are for items the devcoin project itself needs.

Things like free open source games, music, hardware, whatever, that is not something this project itself directly needs to have done, aren't rewarded with bounties they are rewarded after the fact (well, more like during the fact, I guess) by adding the creator or dev team to the receivers list.

So for example if you gather a few friends and form a team to create a free open source game, at some point along the line it might be noticed your game is popular and useful and the team is putting in 40 hours a month or more on it, and the team might be given a spot ion the receivers list; how they would divvy up the resulting coins among the members of the team is left up to them I guess, usually by putting their designated "team leader" or "lead dev" on the list and letting them divvy it up, maybe?

In the case of a huge project with a whole lot of bearing on devcoin, such as Open Transactions, a few pieces of the project each have a receivers list entry in effect; that is, something like three separate people, possibly even more (I am not sure, I know three for sure) are on the receivers list on account of the fact they are working on aspects of Open Transactions.

Bounties are for when we need something and no one is already doing it so a bounty seems necessary in order to get it done.

-MarkM-

I have another question. What exactly is eligible for a bounty? Any open source piece of software? What are the limits? Does it extend to software like a game? Thanks!  

I don't think information will ever be added to Devtome in spurts again, 1) I am not leaving 2) I think traffic is just gonna go up from here.

Yes of course, if there is support for these ideas I also think we should wait until next round, otherwise it is unfair again on those who have worked hard for their shares this round. I'm thinking in the same terms though; a sustainable system which benefits all of the community for the long term. Of course, this is just my opinion.

The only person with 100+ shares from what I could see was Unthinkingbit.
http://www.devtome.com/doku.php?id=daily_script_results

I agree that a limit would benefit the community, it would provide a more sustained growth of devtome, rather than extremely large amounts of information being added in spurts. I think this should all wait until next round though, It's like changing the rules of a game half way through the game.