Topic: [DVC]DevCoin - Official Thread - Moderated - page 143. (Read 1059212 times)

http://devcoin.org/

Which website do you mean?

Interesting. I aslo think that its time the devcoin core team updated their website... i mean in a polite manner its horrible )))) (sorry) but its true. I am a devcoin believer from almost day one, and i dont just say it. Id offer to do it for free, unfortunatly im a trader - isnt there anyone out here in the community that can do it?

I agree, this thread is our main connection to the broader crypto-community, and we certainly want to keep this connection alive.

The response has been fairly positive about the proposal, so I'm feeling encouraged. The summary for those who want a tl;dr version is this:

From round 43, divisions will be implemented within the general share structure. Each category of shares now earns division shares, and at the end of the round, each division is normalized against the highest producing division. This makes under-performing disciplines (eg Open Source Development) more attractive than over-producing ones during a round. Each division is still free to find the cheapest price per share of work.

Community fund to be established, performing duties such as: market support, micro business incubator, restricting supply of coins to market to help price recover, saving for larger software purchases and providing a place for incubation equity dividends to be managed.

Aural and Visual the new divisions, but 100% of share income will go to the new community fund until those divisions are established.

Devcoin market fund (subset of community fund), will provide market support to reduce exchange risk to devcoin earners, and ensure a better long term pay.

Devcoin was the first bitcoin 2.0 

good work! bottom line in your work is :

Ultimately, I believe we have lost a lot of investor

I think we should post here, not on other forums. Ill explain why. Posting and developing a devcoin forum is great but you have to show the crypto community that this coin is alive and kicking. This coin has to be interesting for people to invest for. The community has to be more lively. In times where you have bitcoin 2.0 and things like bitshares - there is a max of 2 posts per day here... need to live it up

Ok, I've got a draft ready for the proposal. Posted it on devtome because it's fairly long:

http://www.devtome.com/doku.php?id=devcoin_division_proposal

Summary and general discussion thread here: http://coinzen.org/index.php/topic,1087.msg34924.html#msg34924

If you can't access coinzen for whatever reason, feel free to post here.

I have posted this in a couple formums struggling with featurs, changes, etc. Perhaps you will agree, perhaps you will not but, something to think about...

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On the subject of features and such, I really think there are only two things we should be concentrating on:

1. Acceptance
2. Usage

Lets be real, if you and I agree that the dog pooh on the bottom of my shoe is worth $1000.00 USD than, it IS worth $1000.00 to you, and I. I can then "spend" that dog pooh with you and buy whatever you are selling up to the agreed upon figure.

Period.

That's what it is all about, not anon, not messaging, not all the other crap being added to coins with the one exception of interest (staking) since that makes my dog pooh worth more to those who accept it as payment.

Acceptance is the first hurdle, and the hardest to jump over. After that, after convincing the public they can buy things with crypto-currency, then you need to convince them xxxxxxxx is the best one to use which equals Usage.

Acceptance then, usage, period. The public doesn't care nor do they even know why they would want additional "features" You can't make a phone call with a dollar or Euro but, you can spend it to do so. These currencies have survived for years in their current, vastly imperfect form. Think about it, money needs to be spendable. A large group of people need to believe that their money has value.

That's all it takes, let's work on that....

BTW: After 1 & 2 have been achieved, then, and only then, should features be added. I believe the thinking is backward right now using features to be noticed only works on "cryptoheads" not John Q Public who has no idea why he needs his money to do anything but perhaps grow...

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We don't really have re-invent the wheel, just make more people want to use it for it's intended purpose....


EDIT: Please understand, "cryptoheads" is used as a term of endearment, since I am one, not a slur... 

So, when is the revival? Kidding ))) When are we hitting 100 satoshis again?

sounds great! a quiet supporter!

I've just taken the reigns from UTB, and I assure you I'm working to address many of these issues.

A distinction has to be made, though, that devcoins are not a charity, but rather a vessel for encouraging works to be released for the general public good.

Initially devcoins were centered around open source software only - that's where the 'dev' comes from, short for developers. It was eventually realized, however, that the spirit of creative commons licensing was almost identical to the spirit of open source software. eg: "A Creative Commons (CC) license is one of several public copyright licenses that enable the free distribution of an otherwise copyrighted work. A CC license is used when an author wants to give people the right to share, use, and build upon a work that they have created."

If people were willing to give others the right to share, use and build upon their writing, art, music the same way that open source developers do, then it is reasonable to include those under our umbrella. This is different to one-to-one charity work, because of the scale. OS/CC helps everyone on Earth equally, whether they make use of it or not, and that will remain the focus of devcoins (seriously, it's huge as it is). So far we've got a basic system of OS development support, and now have writing support. Aural and Visual support will be implemented over the coming year or two.

Ultimately, devcoins, just like bitcoins, only have a value the free market attribute to it. They're both just secure distributed ledgers at heart, with different generation algorithms. Anyone can completely ignore the dvc/btc price and simply code/write for the public good, and get devcoins for it, and they could be worthless. Some people actually do that, and don't care about the price. The free market decides the price for that free to share and reuse work, and even at the current price, it has decided that it's not worthless. While there are tricks we can perform to increase the attractiveness of the coin to speculators, they're all counter-productive to our actual mission: proliferating open source development and arts under creative commons licensing. It's not a problem with writers earning too much, because if devtome had never existed, there would have just been more OS software being released through bounties and that would still have driven the price down. It's a transaction coin, not a value storage coin. The transaction is between people doing work (earning shares), and the general public who like what they do for the greater good, and pay them for it by buying dvc. Understand this, and you'll understand the devcoin price; any big price rise/fall are part of a pump/dump that the administrators have no control over, although the benefit it brings is that we have a greater output of work during that time. There is still potential for massive wide-scale adoption of devcoins as a transaction coin, but even if that was the case, it absolutely won't guarantee a higher price, only more transactions (and likely more people getting paid for os/cc work with a cryptocurrency).

My work over the next few months is rebalancing the OS/CC output, so it's not just 100% writing and nothing else. The actual value writers, developers, and artists place on the devcoins they receive are entirely up to them. The administration can only provide the rules for earning devcoins, not the rules for when people should or shouldn't buy devcoins with btc on the free market. That is completely out of our control. Granted, with more eyes on the project the more likely investment will come, but that will always simply increase production output rather than increase the price over time. The project will always provide the cheapest way of adding content to the OS/CC cloud of work out there, and that's our huge value to the world. The only people who should be buying devcoins long term, are those who wish to see more open source code and creative commons art released. Speculation on the price is still possible, and even welcome, but people have to understand devcoins are fundamentally different to bitcoins in this way. It's not a value due to scarcity coin, but a create more os and cc coin. Any money you put in, will be converted into open source or creative commons work.


It will trend towards zero but will never hit it; the production of os/cc work (shares) is self-managed by the earners themselves. Less work gets done the lower the price is, and there are always people who do it just because they love it (and don't need the money).

Pump and dump schemes are largely out of our control. When the price goes up, the number of earners we get increases and drives it down.

There's a distortion in that chart, by the way, that you need to consider. BTC has gone up 5-10 fold during that time period too. You should be looking at a dvc/usd chart:

http://dvcusdchart.blisteringdevelopers.com/daily

If 1 btc was worth $120 today, which is what it was a year ago, 1 dvc would be worth about 40 satoshis right now, so only 10% down over the year.

It's brutal watching the trials and tribulations of DVC and the continual wheel spin associated with the project.


When taking a look at the one year performance...

http://www.cryptocoincharts.info/period-charts.php?period=1-year&resolution=day&pair=dvc-btc&market=vircurex

... it's been difficult to see if initiatives are actually valiant attempts to raise the currency from its tending towards zero trajectory or whether those actions were artful maneuvers cleverly concealing pump and dump activities.


Best of luck to everyone involved in the project.





 

I'm definitely with Nova on realizing a greater ad revenue by forking PG and R Devtome material.  I think this will go a very long way in Devtome becoming self-supporting and eventual a strong revenue stream for DVC.

Papa

If there could be a forking of PG rated content and R rated content so as to attract AdSense then we would be see a huge difference in ad revenue than at present. This has been discussed on the forum already.

Of course any DVC POS is a help. That does not discredit the true potential that DevTome has to offer.

- Nova

First it has to support itself let alone put upward pressure on price. We only do 0.04btc a month while writers expect alot more based on market price.. once it supports itself then we can profit off of it.

I want to get back to the auction site but things like this which dont cost too much but offer a return potentially are the way to go fwd imo.. once people catch on it will be a frenzy but right now there is no interest because of the structure of the rewards system... no incentive to hold or even build as of yet.

DevTome is a wealth of ad revenue yet to be fully realized. Once it is that revenue stream will bolster upward market pressure.

Devcoin is about supporting open source programming. To see that as a disability is not to understand it's mandate.

- Nova

VCX + C::S combination fiasco

Created VCX (vircurex) on cryptostocks, then he broke the contract and stopped paying dividends.
Fractional Reserve @ VCX
Stole/Froze funds of VCX users.
Unfairly distributed the rest of the coins (top down 50% and down top 50%), so that the rich stay rich, the poor will still have their tiny poorness and all others loose everything. Hoping to result in less user being mad/affected...

Not even to talk about no support for VCX nor cryptostocks, their mail servers are borked for months and they still give a fuck.

Some references, you can find more

https://bitcointalksearch.org/topic/m.6197035
https://bitcointalksearch.org/topic/m.2383179


EDIT: eek, this is my 2k's post.

What exactly did Kumala do, besides the VirCurEx fiasco?

The problem is simple; why should/would someone invest with a platform of a known scammer?

True, but its the only place for DVC listings. It would be even better if there was somewhere else.