Topic: [DVC]DevCoin - Official Thread - Moderated - page 136. (Read 1058949 times)

Right on! First investment rule: buy low, sell high.
Something strange in the human psychology to always buy AFTER price has risen dramatically. --> Herd mentality.
So, don't be a sheep!

Seems perfectly sane to me. If one believes in DVC there could not be a better time to invest.

- Nova

Well it has taken time but we finally breached the 4 satoshi mark. All the way to the bottom now i fear.

Absolutely, positively, without a doubt, yes! This post says it all. Marketing and in the way presented is key to success, period.

Wishing the DevCoin Community a healthy and prosperous 2015!

- Nova

Call it foundation, or trust, or even a company (incorporated).

Everybody can call himself "a foundation" (as seen with ixcoin foundation)... what I am talking about is an incorporated foundation (with legal liability).

Exactly!

While it doesn't make sense for Bitcoin or other coins to have a foundation (because those coins are built like a completely trustless decentralized system),
it makes ABSOLUTE sense for devcoin to have a foundation, where leading members who handle the devcoin distribution are registered and visible with their REAL NAMES.
What devcoin needs is liability and responsibility.

It seems like the distribution of devcoins will always rely on real people who decide which user/artist gets how many devcoins each round.
To an extend this can be managed by algorithms, but NEVER 100%.

It's sad, but a very central part of devcoin is completely centralized, and has the potential to ruin the whole coin, because it goes against the very notion of a decentralized and trustless cryptocurrency system.

But this doesn't have to be a flaw.

If the distribution mechanism (new devcoins) can't be converted into some kind of trustless algorithm, than we atleast should have a true foundation, liable under law, when it comes to how those devcoins are handled and distributed.

Has this been discussed before?

People who are saying that inflation is too high, are just early investors who want to save their investment by going to such extreme lenghts like forking the coin, just to make a gain.

That's the worst kind of people we could have as supporters.

They only think about themselves, they don't care about all the other (new) people who might enter devcoin at some point in the future.

If we cut the coin supply, it means early investors (who already got millions of coins for cheap) will ofcourse enjoy it, but all the new people who enter later won't have any advantage.
So this proposed maneuver is just here to please early investors, AND NOTHING ELSE.

(But I am glad this proposition got sacked.)

There is a reason why this coin DOESN'T EVEN HAVE A BLOCK HALVING of any kind, right?

I say, let the coin specification be as it is, it's perfect.

What should be done, is create a better platform and market for the distribution of content. (music, sound, 3d, pictures, etc..)

Agreed, since the give aways have died down on the forum, so has the traffic. Just as well during the Spammer War. Less collateral damage.


You can find a ticker tape of the current buys at http://coinzen.com

- Nova

What's the approximate value of one DVC coin right now any way ?

Yeah, I used to be against this idea but looking back at BTC, that's what made it so popular. Faucets and randomized giveaways got people interested in it and helped gain value (because if I'm given a free coin, I want its value to go up so I help create new value. Millions of others doing the same thing boosts it up considerably).

On the # of shares you get for being an admin, it's equal whether it's 1 or 5. What happens is the total shares there are for the round are calculated, and the admins get x%. In other words, if you got 2 shares when there are 100 total, with 200 total you'd get 4 shares (meaning your pay is exactly the same). This helps keep admin payments steady so they don't fluctuate.

You said there is nothing you missed which was wrong. The news isnt baked in because there are too many alts and only one exchange.. but as soon as we apply it somewhere useful it may become baked in ofcourse u will always be late as an investor if you act on news that is already out there... its more of an inside look at whats coming that anyone can see from coinzen but noone bothers.. when applied correctly may finally turn the tide..

Propose a solution and others will listen that is the best way to go.. if its doable I will implement it if we all agree. Feature wise im talking.. right now im thinking how to get voting in

In the interests of equal disclosure and uniformity in the presentation of information, if you have any significant changes to announce to market then you know as well as I do that people who co-ordinate the Devcoin project are the most suitable to release this information. In the meantime, I reserve my right as an observer and investor to point out that the unitary value of DVC has only gone one way so I urge you as and when appropriate to release any changes and improvements that might make the coin more viable as an instrument of currency or value. Unlike some others who have expressed a preference that DVC be discontinued as a supposed monetary unit, I would like to see the project evolve and become successful as unlike many altcoins out there Devcoin does have an attractive ethos underpinning the project which may benefit a wide range of parties. I do though, remain firm in my view that the unit has to have a tradeable value and equalization of the demand/supply characteristics would go some way to creating a more realistic market for the coin.

Suffice to say that normally it is only robust management that can withstand a one year price depreciation graph that looks like this:

http://www.cryptocoincharts.info/pair/dvc/btc/vircurex/1-year

The three month graph which theoretically has all the recent news built in and might give a more accurate picture of recent management initiatives doesn't inspire confidence either:

http://www.cryptocoincharts.info/pair/dvc/btc/vircurex/3-months

As such, it's probably far more constructive if those associated with the leadership and development of the coin present any enhancements in the best possible light rather than requesting that disenchanted investors who legitimately comment on the one-way downhill ride of DVC speak on behalf of the Devcoin leadership team.

I wish you the very best of luck with all current and future efforts to enhance the viability of the Devcoin project and the price appreciation of the DVC unit.

since you already know it maybe you can be kind enough to explain the new format ? With it comes the ability to do what deadsea said so maybe you can infer on how this is possible. Thanks

There's nothing you've missed. A quick look at the gradual tending-toward-zero of the DVC price chart will fully inform you of all the happenings. After all, we have to assume that all the information is priced into the market and I think it's very fair to say that the Devcoin guys have done a great job with information sharing, building co-operation across all parties and being open and flexible with participants, investors and interested groups. When circumstances change or a reason can be figured out as to why people might want to buy DVC on exchanges, then the demand/supply imbalance might be addressed opening the possibility of an upward trajectory in the price of the coin.

 

we can do that with new format set to start this round

Thanks for that insight Unclejed. The eastern European spammers have been soo fierce a battle on the forum that it had been my thought that they may have resorted to a crack out of frustration. There was one offer of bribery to go away, so perhaps they are weakening. They didn't offer to take DVC or else it may have been tempting.

- Nova

it could be a DNS glitch either from your provider or whatever DNS sever you use. i use 2 DNS servers... OpenDNS as well as a private one (instead of the one my internet provider runs)... and i have had far fewer such glitches as a result....

No I don't get that, and 162.243.248.20