Topic: DeVCorp: DeVCoin Development "corp" (Read 3523 times)

The vast majority of my edits are spelling and typo-correcting edits, seldom even grammar-correcting, and do not change intended purport / meaning except in the times when "not" was omitted; often a lot of folk type things they obviously intend to contain "not" but the not is omitted, a few times I have done that myself but usually correct it almost immediately as I tend to post then edit rather than trying to edit in the browser's text input box as so darn often weird control-keys etc screw up things in the input-box or whole browser crashes or whole machine needs rebooting.

So usually once I finish typing first draught and think it is mostly correct I only do a few corrections using preview option then save then make lots of little typo correctings in a row wanting each to get out there as soon as possible for benefit of anyone who started reading the moment I posted.

Like this post itself probably needs separating into paragraphs so will save now then decide if that is needed...

(Added one paragraph-break...)

-MarkM-

Edit: As to correctly valued, the computed values based on "treasuries" are deliberately designed to be under-estimated values, for example they do not look at "slush funds" at all and it is intended one's "slush funds" contain at least as much value as one's "official treasury", plus of course all planets, lands, buildings, military units, deathstars, magic swords, magick shields, player-accounts, characters, levels of characters, experience points, attributes and on and on and on also are not counted; only "official treasury" is counted but does by inclusion include General Hosting Corp aka Galactic Holding Corp aka General Holding Corp shares and any "collateral units" of other assets. Also in the cases of "finance Corps" it includes total outstanding secured debt owed to the Corp which is why those Corps want to buy some of such loans from themselves rather than use a mechanism of "you defaulted so we get the collateral".

MarkM,

I think this topic is due an update. I realize now what you've done here by periodically editing posts without actually indicating what has been edited when. I also realize that the currency contracts laucnhed initially "broken" as you put it so that new "correct" hashes (contract file names) were implemented chronologically later and that the exchanging for the older pairs may not be correctly kept in your accounting of historical transactions for whatever reason - you're always so abstract. So that's okay because I don't expect the "gamemaster" to give away all their game theory and secrets.

It also appears since the OT server you set up ran from your home where your old isp.knowork.com ISP service operated you may very well have some of the very knowledge you wanted to protect your server and private keys from about other entities that may have used your home ISP business/services in the past. One can only wonder what that means - but I expect you have a good idea as you were doing it in the Web 1.0 era - which is why I make my bets on your system as hard as it is to understand.

I also have come to realize you are right about people's perception these Web 2.0 era HTML/CSS websites "web-based" exchanges not listing a coin makes them think they are valueless but that's also a false flag. They could be valued because systems like your own are still in "[Private Alpha]" - or because your server doesn't "advertise" what OT currency contracts exist within its network - or because they are "blockchain-based" and blockchain coins. Blockchain doesn't need the Web, and you can even circumvent the web with many programs since built that only require you to run a node/qt-wallet and then you can trade using other programs (all Open Source) to transact P2P, or completely without web/just an internet connection required. And of course that all is another problem with market-based "price" of certain coins because places like CoinMarketCap.com and CoinGecko.com and their apps and various "prices" are just aggregated from the exchanges they choose to gather data via API relay etc... so the prices people pay are possibly very wrong, whether too much OR in Devcoin's case... far too cheap. And since you built an entire virtual game currency/stock/asset etc experience here and its running as far as I know where you are the point of centralized knowledge, I will quote you on why these blockchain coins do not benefit from your game economics. You said it yourself that DigiDVC and DigiBTC any "digi-coin" you're using is worthless, has no real value because its just entries in a ledger of debit and credit. Like your Cyclos DVCBank. It's accounting, but not actual blockchain coins with a fiat value. By "burying" or "freezing" your real blockchain coins and only issuing 50% of what you claim to own, you've locked a lot of DVC into an economy that has a server not advertising its currency contracts and contracts that have had problems with what you call "correct or wrong" hash because of other people who imported them via their client with whitespace... I would also say whoever Fellow Traveller is, its interesting that he mentioned how nice it was for his OT client and OT server to work through someone elses physical hardware. Not sure the meaning technically but I assume he too is someone that factors into why your accounting as complex as it is with its plots and its latestrates-include file all of which you put on your own self-hosted "knotwork.com" sites is still incorrectly valued. I also believe that treasuries mean we must work backwards. If at launch your digiDVC backing the "treasury" of the one million issued shares of 18,200,000 dDVC then if I just pretend that's all that you had at that point in time you would have had 36,400,000 actual DVC or DeVCoins in your blockchain wallet.

There's since been other platforms and very confusing but also not surprising abstractions but I do believe your independent hosting and SOME centralization in a decentralized world is good in the hands of the right people. Also, GameFi and Virtual Worlds are the next part of blockchain coins, tokens, and the Web 3.0 right? So any updates here would be nice. Also I can't run my own horizon java applet/server anymore. It's stuck on "Downloading Blockchain" but it never moves past November 12, 2021

HORIZON's native coin, HZ, is no longer on any well-known, web-based exchanges.

This is actually an opportunity for us, since it means a lot of people are likely to consider the coin dead and thus possibly be willing to part with them cheaply since afterall they are presumably worthless now in their eyes.

Accordingly, I am interested in buying HZ. Please contact me in private message on this forum if you have some you wish to part with.

-MarkM-

EDIT Thu 19th Sept 2024: Actually no longer bother selling using private message, just bail them in to Stellar and sell them, though bailing them in does itself mean using private message here or on KeyBase...

Congratulations!  Horizon is a good choice

DeVCorp has now been implemented on the (New) Horizon platform (NHZ) as asset ID 4088694585236995314

-MarkM-

The latest figures, found at for example http://galaxies.mygamesonline.org/sharesindvc.html show latest per share valuation as 727909.48251748 DeVCoins.

GRouPcorp has been introduced to the (New) Horizon (NHZ) network as asset ID 10245382461165869807 and DeVCorp should be on there soon.

-MarkM-

Because DeVCoins now have a forum of their own, this thread is now being continued at

http://coinzen.org/index.php/topic,2728.0.html

-MarkM-

EDIT: CoinZen seems to have died so I guess we are back to this thread.

-MarkM-

The latest figures, found at for example http://galaxies.mygamesonline.org/sharesindvc.html show latest per share valuation as 3753350.67447690  DeVCoins.

Obviously this figure is based on the "conversion rates as units of account" not on actual depths of markets since obviously the corp would be worth more devcoins than even exist using these figures.

The figure is thus based on "assuming you could get enough devcoins at the purported current going price" which of course one never can; trying to do so would drive up the price of whatever coin you are using to represent the price in terms of.

(The only reason that showing the value in terms of dollars wouldn't similarly be a little out of whack is there are so darn many dollars printed that obtaining as many as the corp is worth might not make a big change in the market price of dollars.)

-MarkM-

As more and more groups adopt Cyclos and/or Open Transactions, growth has been accelerating.

Tables and plots have been put online at http://galaxies.mygamesonline.org/digitalisassets.html to help visualise that growth.

More groups have equipped themselves with Tor and I2P, it looks like Torchat is possibly currently the most popular / mainstream communication method between guiildmasters, clanmasters, association masters, or whatever each group likes to call its top administrators. More and more groups have set up CoffeeMUD as a relatively inexpensive mode of representation of a clanhouse or guildhall or whatever they like to call their headquarters or regional hubs. The fact that Tor and I2P can cause players to experience "lag" seems to actually serve to help encourage taking a more strategic than reaction-time twitch-time tactical approach to using the system, which basically serves as a kind of glorified and human-readable API.

Note that these deployments are not public-facing yet, they are internal tools and testbeds used by members of groups; work continues among those groups who consider three dimensional graphics an affordable expense on setting up beautiful clan/guild/etc demesnes using OpenSim on the theory that when the time comes for public faces immersive three dimensional virtual environments might be the way to go.

When last I posted to this thread the general opinion had seemed to be that imagining that each and every nation implemented in standard distributions of Freeciv might end up being played and it would become necessary to start implementing additional nations for that platform seemed a far future pipedream; but groups have been forming faster lately than the freeciv developers have been adding more nations to the standard distribution and more groups have started seriously considering taking on the Freeciv scale of play.

The security passphrase system in Open Transactions has been making it impractical to have trading scripts running 24/7 unattended by human operators so almost all trade has continued to be off-market, with group administrators largely serving as group members' interface to between-group trade.

The latest evaluation of DeVCorp puts its net worth at 61020.09941520  DVC per share, however as noted previously  that is not the last traded price nor the lowest or highest or average traded price but simply an actual accounting of the assets held by the Corp and the liabilities of the Corp. Whether anyone who picked up its offering or has since managed to acquire one or more of its shares will part with any shares, and if so at what price, is entirely up to them.

Please remember that from the point of view of the planet known as Earth DeVCorp is a fictional corp based on a fictional planet in a fictional timeline and is not any kind of legally incorporated entity; the currencies it deals in are game-currencies, virtual tokens some of which have the interesting gameplay feature of being able to be traded between games, taken home by players to their own homes, used by players in games of their own invention and so on, not any kind of legal tender. The corp is simply a prop in a multifaceted game.

-MarkM-

I have set up evaluation / assessment scripts that add up all of a Corp's assets, deduct its liabilities, and divide the result by the number of shares.

Their findings for DeVCorp are that it its net worth is 1303.11736842 DVC per share.

That is pretty good for a Corp that launched so recently at an initial offering price of 20 DVC per share.

Note that it is not the last traded price nor the lowest or highest or average traded price but simply an actual accounting of the assets held by the Corp and the liabilities of the Corp. Whether anyone who picked up its offering will part with any shares, and if so at what price, is entirely up to them.

-MarkM-

All the coins were minted at the start, so yes, they are totally "pre-mined" chains.

There is no way anyone can afford to "back" millions of coins mined by third parties, and the plan was to actually "back" one's currency instead of just dumping it in the hope that someone else would "back" it.

-MarkM-

So...then they are all in like a premine stage?

Ones I actually had blockchains up and running for include britcoin, botcoin, CDN, GMC, GRF, NKL, UNS and CZB.

They were run quietly using addnode and no IRC but still it became obvious that as soon as a connection port got leaked any large mining farm could attack them too easily.

-MarkM-

Could you once again name these other currencies?

Due to lack of miners, even with merged mining, it was necessary for a number of blockchain-based currencies to retreat from the blockchain type format for now until their transaction volume is large enough for transaction fees to attract enough miners.

-MarkM-

Not exactly sure what you said or what you are doing...honestly...

At time of my last post, DeVCorp was finalising a loan of 1,000,000 DeVCoins at just under half a percent per day, compounded hourly. This was a refinancing arrangement for secured debts that had been denominated in GMC and GRF scrip and paying interest of about 1% a day, compounded hourly. The debtor's credit is still very good, in fact better even that it was back then, so even if no payments were made at all (due to their natural preference for first paying off completely their higher rate loans) the fact that they would now owe about 2520776.55 is actually a good thing; holders of DeVCorp shares would actually prefer that. Indeed it would have been nice for DeVCorp to have been able to provide a larger loan. It was felt though that it would be wise to keep some funds handy to actually buy shares in the event some of the debtors arrange to "go public" since obviously any operation able to pay off such high interest loans is going to be quite the earner once all its loans are paid off.

-MarkM-

DeVCorp's aim is to increase the value of DeVCoins, so it will do whatever it thinks will accomplish that goal, within the limitations imposed by the resources at its command,

General Development Corp is I suppose in a way a kind of "me too", anything DeVCorp does that actually seems to turn a profit, General Development Corp is likely to also try to get its fingers in the pies. However, General Development Corp is more about actually directly making profit than about increasing the value of DeVCoins. It also is not so insistent on using DeVCoins for everything, for example it is quite willing to develop stuff for groups, such as clans, fellowships, theocracies et al, who prefer to pay in GRouPcoin. For example GDC already helped one Fellowship negotiate the development of a Clanhouse and the installing of it in a selected/negotiated location. That is actually something GRouPcorp had been hoping to do, but GRouPcorp is still in the process of being set up.

General Financial Corp aims at the finance field, from trading the various currencies through owning shares of any other corps it feels worth owning shares of to running of banks and stock exchanges.

General Retirement Corp is a "me too" smaller-time imitator of GRF (General Retirement Funds), smaller-time in that it doesn't run its own entire currency like GRF does, it just has a million shares issued whereas GRF kind of has 21,000,000 shares issued except that GRF's 21M GRFcoins are not really shares, unless maybe you view them as preferred shares, since GRF operates them as just another currency, with no actual voting or sharing rights accruing to the holders of GRF coins. Like GRF, it will be into real-estate a lot since a lot of retirement involves having a really nice piece of real-estate to retire to; and the running of really nice retirement homes. Dabbling in politics in matters of interest to retirement-age types of people is also part of what GRF does, but GRC might not really get into that part as much being more of an actual for profit corporation than a huge mysterious multigalactic corporation of shadowed/hidden history and assets and so on like GRF is.

-MarkM-

This is an interesting experiment. BTW what do these companies do?

Okay, turns out they all issued a million shares and all shares sold at 20 DVC each.

-MarkM-