Devtome: Get Hundreds of Thousands of free Devcoins for writing - page 21.

FinShaggy

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Activity: 196

Merit: 100

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Quote from: TheSwede75 on May 25, 2013, 10:48:49 AM

Quote from: FinShaggy on May 19, 2013, 05:54:35 PM

PUBLIC SERVICE ANNOUNCEMENT:

If you ever want to make the coins you have stashed more valuable, what you need to do is this:

When you earn your coins (let's say 5,000,000) save 1 million in a wallet. Sell 4 million to make money. Then spend the money from 2 million of those coins, to buy 1 million coins at 2x the price. Now your coins are more valuable

So basically you are telling people to collude and build value just like a Pyramid or Ponzi scheme. Ok, got it. Seems honest and a great idea for a coin that is a developer effort. Huh

This is how the market works, sorry if you don't like watching economics happen.

Buy low, sell high.
(Buy all the cheap stocks, Sell when the price goes up)

shakezula

sr. member

Activity: 308

Merit: 250

Quote from: TheSwede75 on May 25, 2013, 10:48:49 AM

Quote from: FinShaggy on May 19, 2013, 05:54:35 PM

PUBLIC SERVICE ANNOUNCEMENT:

If you ever want to make the coins you have stashed more valuable, what you need to do is this:

When you earn your coins (let's say 5,000,000) save 1 million in a wallet. Sell 4 million to make money. Then spend the money from 2 million of those coins, to buy 1 million coins at 2x the price. Now your coins are more valuable

So basically you are telling people to collude and build value just like a Pyramid or Ponzi scheme. Ok, got it. Seems honest and a great idea for a coin that is a developer effort. Huh

FinShaggy speaks not for the DVC foundation, keep that in mind. His opinions on DVC are driven by his passion for the coin. No different than anyone else who promotes their coins...

TheSwede75

full member

Activity: 224

Merit: 100

Quote from: FinShaggy on May 19, 2013, 05:54:35 PM

PUBLIC SERVICE ANNOUNCEMENT:

If you ever want to make the coins you have stashed more valuable, what you need to do is this:

When you earn your coins (let's say 5,000,000) save 1 million in a wallet. Sell 4 million to make money. Then spend the money from 2 million of those coins, to buy 1 million coins at 2x the price. Now your coins are more valuable

So basically you are telling people to collude and build value just like a Pyramid or Ponzi scheme. Ok, got it. Seems honest and a great idea for a coin that is a developer effort. Huh

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: Boelens on May 25, 2013, 10:36:54 AM

Oh my god, this is a-ma-zing! I absolutely LOVE writing, anything, serious articles, essays, from fictional stories! And now I can get DVC for it?! I've got to send a PM to this FuzzyBear, I like him. This is cool!

I felt the SAME way when I first figured it out

I'm basically still that excited about it

Good Luck

Boelens

hero member

Activity: 672

Merit: 500

Oh my god, this is a-ma-zing! I absolutely LOVE writing, anything, serious articles, essays, from fictional stories! And now I can get DVC for it?! I've got to send a PM to this FuzzyBear, I like him. This is cool!

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: DiamondCardz on May 25, 2013, 04:00:23 AM

Slowly making progress on my first article ^_^

Already sent the first 50 words to FuzzyBear to have it reviewed. Going to go have some breakfast, hopefully I can bring this up to a 1,000 word article ;P

Another question: Say I write a 200 word article, then a 300 word article, then a 500 word article. Do the articles all add up and form 1 generation share?

Nice.

And yes, the words add up.

DiamondCardz

legendary

Activity: 1134

Merit: 1112

Slowly making progress on my first article ^_^

Already sent the first 50 words to FuzzyBear to have it reviewed. Going to go have some breakfast, hopefully I can bring this up to a 1,000 word article ;P

Another question: Say I write a 200 word article, then a 300 word article, then a 500 word article. Do the articles all add up and form 1 generation share?

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Check out this thread and help people from countries that speak other languages learn about Devcoin.
https://bitcointalksearch.org/topic/m.2263566

DiamondCardz

legendary

Activity: 1134

Merit: 1112

You get 1 generation share per 1,000 words.

Every round, which is around every 1-2 months, Devtome receives 180,000,000 DVC from the miners. (Because 90% of the generated coins go to places like Devtome).

The DVC is split up depending on the amount of generation shares.

In round 23 there were 501 generation shares, so the average number of devcoins per share was 180,000,000 dvc / 501 = 359,281 dvc, at the prices of the time that was $76.

In round 22, there were 125 shares, so a generation share was 180,000,000 dvc / 125 = 1.44 million devcoins. The value at vircurex was 1.48 mbtc/dvc, which worked out to 2.13 btc. At the mtgox price of 93$, that worked out to 198$.

EDIT: This round will be calculated in sixteen days from now, this is your chance to get some free DevCoin!

EDIT2: Before, one generation share fetched a whopping $500: https://bitcointalksearch.org/topic/m.1890430

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: panosgr83 on May 25, 2013, 03:06:29 AM

I don't quite get the concept... Perhaps a small scenario will do the trick.

Every round there are 180,000,000 coins to be shared.
Each 1,000 words = 1 share
Last round 500,000+ words were written, so it was 180,000,000/500+ So each share was like 350,000 DVC
Your personal payout can't be calculated until they start running the script.

panosgr83

newbie

Activity: 41

Merit: 0

I don't quite get the concept... Perhaps a small scenario will do the trick.

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: panosgr83 on May 25, 2013, 02:18:09 AM

http://www.devtome.com/doku.php?id=wiki:user:hellinoos&s[]=remedies&s[]=herbal
Check out my new articles!!!

I already written two articles about herbal remedies around 2500 words? What is the the amount of devcoin I will earn?

Nice.
It's not a set amount, it's based on shares.

panosgr83

newbie

Activity: 41

Merit: 0

http://www.devtome.com/doku.php?id=wiki:user:hellinoos&s[]=remedies&s[]=herbal
Check out my new articles!!!

I already written two articles about herbal remedies around 2500 words? What is the the amount of devcoin I will earn?

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: DiamondCardz on May 24, 2013, 06:04:12 PM

Quote from: FinShaggy on May 24, 2013, 05:59:29 PM

Quote from: DiamondCardz on May 24, 2013, 05:50:36 PM

Quote from: FinShaggy on May 24, 2013, 05:43:55 PM

Quote from: DiamondCardz on May 24, 2013, 05:38:25 PM

I just registered an account, I should be able to start writing tomorrow

I really like DevCoin so far, hopefully it'll pick up momentum!

It will

There are now like 3 YouTube videos about it, and more coming soon

Plus there are more ways to use it now

Also, is there an official place to download the DevCoin wallet? I'm using an exchange atm and I know it's not going to work with devtome, but all the dl links i've found so far are sketchy :L

Search "Wallet" on Devtome, there are some links.

Thanks, installing it now!

No problem.

DiamondCardz

legendary

Activity: 1134

Merit: 1112

Quote from: FinShaggy on May 24, 2013, 05:59:29 PM

Quote from: DiamondCardz on May 24, 2013, 05:50:36 PM

Quote from: FinShaggy on May 24, 2013, 05:43:55 PM

Quote from: DiamondCardz on May 24, 2013, 05:38:25 PM

I just registered an account, I should be able to start writing tomorrow

I really like DevCoin so far, hopefully it'll pick up momentum!

It will

There are now like 3 YouTube videos about it, and more coming soon

Plus there are more ways to use it now

Also, is there an official place to download the DevCoin wallet? I'm using an exchange atm and I know it's not going to work with devtome, but all the dl links i've found so far are sketchy :L

Search "Wallet" on Devtome, there are some links.

Thanks, installing it now!

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: DiamondCardz on May 24, 2013, 05:50:36 PM

Quote from: FinShaggy on May 24, 2013, 05:43:55 PM

Quote from: DiamondCardz on May 24, 2013, 05:38:25 PM

I just registered an account, I should be able to start writing tomorrow

I really like DevCoin so far, hopefully it'll pick up momentum!

It will

There are now like 3 YouTube videos about it, and more coming soon

Plus there are more ways to use it now

Also, is there an official place to download the DevCoin wallet? I'm using an exchange atm and I know it's not going to work with devtome, but all the dl links i've found so far are sketchy :L

Search "Wallet" on Devtome, there are some links.

DiamondCardz

legendary

Activity: 1134

Merit: 1112

Quote from: FinShaggy on May 24, 2013, 05:43:55 PM

Quote from: DiamondCardz on May 24, 2013, 05:38:25 PM

I just registered an account, I should be able to start writing tomorrow

I really like DevCoin so far, hopefully it'll pick up momentum!

It will

There are now like 3 YouTube videos about it, and more coming soon

Plus there are more ways to use it now

Also, is there an official place to download the DevCoin wallet? I'm using an exchange atm and I know it's not going to work with devtome, but all the dl links i've found so far are sketchy :L

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: DiamondCardz on May 24, 2013, 05:38:25 PM

I just registered an account, I should be able to start writing tomorrow

I really like DevCoin so far, hopefully it'll pick up momentum!

It will

There are now like 3 YouTube videos about it, and more coming soon

Plus there are more ways to use it now

DiamondCardz

legendary

Activity: 1134

Merit: 1112

I just registered an account, I should be able to start writing tomorrow

I really like DevCoin so far, hopefully it'll pick up momentum!

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Get DVC on more exchanges:
https://bitcointalk.org/index.php?topic=212727.new#new

Topic: Devtome: Get Hundreds of Thousands of free Devcoins for writing - page 21. (Read 44756 times)