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Topic: [DVC]DevCoin - Official Thread - Moderated - page 147. (Read 1058949 times)

legendary
Activity: 1008
Merit: 1005
...
I wouldn't mess with the coin block reward AT ALL.

If we do reduce block reward, I think we should make a staggered decline, maybe 1% per week until it reaches our target amount.

Anyway, since the coin is worth so little, we should try to experiment and see what works.
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
Isn't it the amount being created compared to the amount already existing which the block reward changes and which does influence price, rather than the total number of coins which exist at any given point?

There are much more factors, and who knows how traders psychology is going to make them act.

Are they going to dump, do they like to hold, etc...

I think it's completely wrong to try and see a formula for success when all is pretty much psychology.

I wouldn't mess with the coin block reward AT ALL.
sr. member
Activity: 378
Merit: 250
so I heard some people here are actively thinking about reducing the block reward in some upcoming potential fork?

I think it's a bad idea... you should never change a coin to "satisfy the market"....

Numbers are completely arbitrary anyway... what if we have 10 million or 10 billion coins, it's just a question of decimal place.

We will probably vote for it manually on a thread on coinzen.. Its not
about satisfying market its about trying to bring in some sort of scarcity which is scalable to not
choke the system when more people enter it. The number of coins is fine when therr are sufficient people onboard but with so little people getting all the coins its not good imo.. Anyways its something we can agree or disagree as a community.

But scarcity in this case is purely mathematical, and is a relative factor anyway?

Meaning it's exactly the same to have 1000 coins (of 1 billion) being valued 1$ each, or to have 1 coin (of 1 million) being valued 1000 $.
The amount of coins has nothing to do with its price discovery.
Having fewer coins will not suddenly make devcoin overall more valuable, will it? The marketcap will not change at all.

Isn't it the amount being created compared to the amount already existing which the block reward changes and which does influence price, rather than the total number of coins which exist at any given point?
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
so I heard some people here are actively thinking about reducing the block reward in some upcoming potential fork?

I think it's a bad idea... you should never change a coin to "satisfy the market"....

Numbers are completely arbitrary anyway... what if we have 10 million or 10 billion coins, it's just a question of decimal place.

We will probably vote for it manually on a thread on coinzen.. Its not
about satisfying market its about trying to bring in some sort of scarcity which is scalable to not
choke the system when more people enter it. The number of coins is fine when therr are sufficient people onboard but with so little people getting all the coins its not good imo.. Anyways its something we can agree or disagree as a community.

But scarcity in this case is purely mathematical, and is a relative factor anyway?

Meaning it's exactly the same to have 1000 coins (of 1 billion) being valued 1$ each, or to have 1 coin (of 1 million) being valued 1000 $.
The amount of coins has nothing to do with its price discovery.
Having fewer coins will not suddenly make devcoin overall more valuable, will it? The marketcap will not change at all.
legendary
Activity: 2044
Merit: 1005
so I heard some people here are actively thinking about reducing the block reward in some upcoming potential fork?

I think it's a bad idea... you should never change a coin to "satisfy the market"....

Numbers are completely arbitrary anyway... what if we have 10 million or 10 billion coins, it's just a question of decimal place.

We will probably vote for it manually on a thread on coinzen.. Its not
about satisfying market its about trying to bring in some sort of scarcity which is scalable to not
choke the system when more people enter it. The number of coins is fine when therr are sufficient people onboard but with so little people getting all the coins its not good imo.. Anyways its something we can agree or disagree as a community.
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
so I heard some people here are actively thinking about reducing the block reward in some upcoming potential fork?

I think it's a bad idea... you should never change a coin to "satisfy the market"....

Numbers are completely arbitrary anyway... what if we have 10 million or 10 billion coins, it's just a question of decimal place.
member
Activity: 99
Merit: 10

Which forum? can you paste the link here please?

Go to http://coinzen.net/ or http://coinzen.org/  (2 domain names, same forum)
newbie
Activity: 37
Merit: 0
Sorry for the total inactivity guys... I will try and be more active with devcoin now. Lets get this coin to be worth something again!
-AM

Great!  PM me, there is a new forum, we can discuss and I can get you caught up.

Which forum? can you paste the link here please?
legendary
Activity: 1008
Merit: 1005
Sorry for the total inactivity guys... I will try and be more active with devcoin now. Lets get this coin to be worth something again!
-AM

Great!  PM me, there is a new forum, we can discuss and I can get you caught up.
full member
Activity: 387
Merit: 100
Sorry for the total inactivity guys... I will try and be more active with devcoin now. Lets get this coin to be worth something again!
-AM
sr. member
Activity: 378
Merit: 250
where can i buy devcoins?

Vircurex or cryptsy.. its at a low and some buyers are stepping in now, better get it quick!

We are releasing new version soon ported it to 0.9.2 bitcoin source and perhaps some new features like voting Smiley

Voting, wow!

I'm trying to learn cpp so maybe I can help some time. Smiley

Well decentralized voting, maybe the reciever file stuff... all things we can think about...

We an also start to think about the block reward, maybe reduce it based on the number of recievers there are for the round. Less recievers less block reward so that when few people are earning they dont get all the coins... this will make more coins as more people join...

Like right now there should be less coins per block because only a few people are recieving, and as a result we are very low in price, and market shifts to a buyers market where investors can buy without worrying about writers or devs dumping , while later on when more people are writing, there are more coins in more hands and chances of less dumping even if price was low..but chances are that price would rise as more people start to contribute (more devs, more writers, more revenue on devtome, devcoinauctions.com) and thus the cycle starts.... we are suffocating under the block reward right now because we cant get the cycle started, but once it does it will be exponential.

Can't wait for the new release, it sounds like its going to be just what Devcoin has been needing!
legendary
Activity: 1008
Merit: 1005
Awesome, sounds great!  Smiley
legendary
Activity: 2044
Merit: 1005
where can i buy devcoins?

Vircurex or cryptsy.. its at a low and some buyers are stepping in now, better get it quick!

We are releasing new version soon ported it to 0.9.2 bitcoin source and perhaps some new features like voting Smiley

Voting, wow!

I'm trying to learn cpp so maybe I can help some time. Smiley

Well decentralized voting, maybe the reciever file stuff... all things we can think about...

We an also start to think about the block reward, maybe reduce it based on the number of recievers there are for the round. Less recievers less block reward so that when few people are earning they dont get all the coins... this will make more coins as more people join...

Like right now there should be less coins per block because only a few people are recieving, and as a result we are very low in price, and market shifts to a buyers market where investors can buy without worrying about writers or devs dumping , while later on when more people are writing, there are more coins in more hands and chances of less dumping even if price was low..but chances are that price would rise as more people start to contribute (more devs, more writers, more revenue on devtome, devcoinauctions.com) and thus the cycle starts.... we are suffocating under the block reward right now because we cant get the cycle started, but once it does it will be exponential.
legendary
Activity: 1008
Merit: 1005
where can i buy devcoins?

Vircurex or cryptsy.. its at a low and some buyers are stepping in now, better get it quick!

We are releasing new version soon ported it to 0.9.2 bitcoin source and perhaps some new features like voting Smiley

Voting, wow!

I'm trying to learn cpp so maybe I can help some time. Smiley
legendary
Activity: 2044
Merit: 1005
where can i buy devcoins?

Vircurex or cryptsy.. its at a low and some buyers are stepping in now, better get it quick!

We are releasing new version soon ported it to 0.9.2 bitcoin source and perhaps some new features like voting Smiley

Really? That's fantastic news.

Who is working on the new port, and where can I watch the development?

I did the port now we have unit testing snd stuff.. mostly me belovachap and develcuy over at ..

https://github.com/coinzen/devcoin

Feel free to drop by on our irc channel #devcoin on freenode.net  we are always there!
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
where can i buy devcoins?

Vircurex or cryptsy.. its at a low and some buyers are stepping in now, better get it quick!

We are releasing new version soon ported it to 0.9.2 bitcoin source and perhaps some new features like voting Smiley

Really? That's fantastic news.

Who is working on the new port, and where can I watch the development?
legendary
Activity: 2044
Merit: 1005
where can i buy devcoins?

Vircurex or cryptsy.. its at a low and some buyers are stepping in now, better get it quick!

We are releasing new version soon ported it to 0.9.2 bitcoin source and perhaps some new features like voting Smiley
hero member
Activity: 641
Merit: 500
where can i buy devcoins?
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
Grüezi wohl!  Grin
Sali Wink

If theres a problem with it, just poke me.

I will, ... schöne tag no!  Cool
legendary
Activity: 1792
Merit: 1008
/dev/null
is there a problem with the devcoin explorer over at http://d.evco.in ?

I get mysql error messages when entering my address.

you can also use mine (see signature) if you cant find a working one

darkgamex.ch?

Ofcourse, and come to think that I too am located in switzerland.. that should be my first choice anyway.

Grüezi wohl!  Grin
Sali Wink

If theres a problem with it, just poke me.
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