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Topic: [DVC]DevCoin - Official Thread - Moderated - page 166. (Read 1058949 times)

legendary
Activity: 1988
Merit: 1007
I think the things you brought up are separate projects from Devtome. The hard part is how you reward for things like the art and music. How are they evaluated? How do you determine what one is worth compared to the others? Devtome brings in advertising revenue, which gives a direct valuation to content. The others don't do that.

Don't do that yet. Why shouldn't "they" be able to do that.

Well, how do you determine what a devtome text is worth compared to others? It's not a very brilliant solution there too.  Wordcount is not a measure of quality. We would need some kind of voting system, etc etc.

But that's why I love devcoin so much.

It has opened an infinite amount of possibilites with no real solutions YET.

But this might change. That's the main reason I buy devcoin.

I like what this coin / community wants to be... I don't care that they have not yet achieved their goal.

The word count is only around 60% of the value. The rest is generated through ratings and popularity (which equates to advertising revenue). So really, we are already progressing further in terms of determining what it's worth.

I do feel that we need some more stringent rules on the shares, but the problem is that would require a more centralized group of people to handle evaluating text and such. I, for example, believe that a high-quality writer should be paid more than a low-quality one. The question the comes from where quality is derived from. As of right now that's based on popularity and ratings.
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
I think the things you brought up are separate projects from Devtome. The hard part is how you reward for things like the art and music. How are they evaluated? How do you determine what one is worth compared to the others? Devtome brings in advertising revenue, which gives a direct valuation to content. The others don't do that.

Don't do that yet. Why shouldn't "they" be able to do that.

Well, how do you determine what a devtome text is worth compared to others? It's not a very brilliant solution there too.  Wordcount is not a measure of quality. We would need some kind of voting system, etc etc.

But that's why I love devcoin so much.

It has opened an infinite amount of possibilites with no real solutions YET.

But this might change. That's the main reason I buy devcoin.

I like what this coin / community wants to be... I don't care that they have not yet achieved their goal.
legendary
Activity: 1988
Merit: 1007
Why demand devcoin over bitcoin?

Yes, but with devcoin:

You don't have to go thru the process of the free market to find someone who likes your work well enough to be willing to pay you in bitcoin.

So, you are free to just do what you like, free your mind, and just do the art... post it online... follow the devcoin rules, and voila, devcoins arrive in your wallet.

The issue is there still has to be value in Devcoin. If everyone is earning coins (180m a month) and nobody is buying, it doesn't matter if you have 10k or 10 trillion of them: they are worthless.

We need to find ways to get money in to the system. It's a lot like Bitcoin and what its problems were/are; people have to add money or the value goes down until it has none anymore.

We need people to promote the auction site as it is functional now. This way if bitcoins or litecoins are used to bid on devcoin funded auctions then it will directly be used to buy devcoins at market and put into the devcoin community fund. Imagine once we have say 10 btc a d ay being used to bid on devcoin auctions, then that 10 btc will be used to buy devcoins and slowly create speculative demand aswell as people front-run the buying. Now imagine if there are 4 or 5 businesses similar to my devcoinauctions.com, then demand has nowhere to go but up.. it is forced to rise.

This is true. I think if we can come up with other businesses that revolve around throwing money into Devcoin (whether directly as fiat or indirectly through other coins), that could help out as well.

Yes, but value in devcoin doesn't necessarily mean the value of the currency, but the value of all the stuff that is created by the developpers/artists.
(Ofcourse the latter will be reflected in the pricelevel of the first... but without the latter, the first one will not go anywhere.)

It's much like the problem wikipedia faces... they regularly ask for donations to keep everything running. They need to do this, and people gladly donate enough, because wikipedias content is very useful.

I think the value of devcoin will rise once we have a much better structure in our websites, so that artists, musicians, coders, writers, etc can find EXACTLY what they are looking for, and will therefor be thankful and possibly pay. I think the structure of devcoin content is still a mess, and missleading (where is the music, drawings, 3d art?)

It's great that devcoin exists... because it's unique and although we can't really say that it works well at the moment, we all have an expectation that some kind of true innovation for devcoin is around the corner.

We'll see.

Until then, I would love to see more integration of musicians, 3d designers etc...

I think the things you brought up are separate projects from Devtome. The hard part is how you reward for things like the art and music. How are they evaluated? How do you determine what one is worth compared to the others? Devtome brings in advertising revenue, which gives a direct valuation to content. The others don't do that.
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
We need people to promote the auction site as it is functional now. This way if bitcoins or litecoins are used to bid on devcoin funded auctions then it will directly be used to buy devcoins at market and put into the devcoin community fund. Imagine once we have say 10 btc a d ay being used to bid on devcoin auctions, then that 10 btc will be used to buy devcoins and slowly create speculative demand aswell as people front-run the buying. Now imagine if there are 4 or 5 businesses similar to my devcoinauctions.com, then demand has nowhere to go but up.. it is forced to rise.

I am reading the "how to" as we speak: http://devcoinauctions.com/how-it-works-2/

I have to let this sink in a little...
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
The issue is there still has to be value in Devcoin. If everyone is earning coins (180m a month) and nobody is buying, it doesn't matter if you have 10k or 10 trillion of them: they are worthless.

We need to find ways to get money in to the system. It's a lot like Bitcoin and what its problems were/are; people have to add money or the value goes down until it has none anymore.

Yes, but value in devcoin doesn't necessarily mean the value of the currency, but the value of all the stuff that is created by the developpers/artists.
(Ofcourse the latter will be reflected in the pricelevel of the first... but without the latter, the first one will not go anywhere.)

It's much like the problem wikipedia faces... they regularly ask for donations to keep everything running. They need to do this, and people gladly donate enough, because wikipedias content is very useful.

I think the value of devcoin will rise once we have a much better structure in our websites, so that artists, musicians, coders, writers, etc can find EXACTLY what they are looking for, and will therefor be thankful and possibly pay. I think the structure of devcoin content is still a mess, and missleading (where is the music, drawings, 3d art?)

It's great that devcoin exists... because it's unique and although we can't really say that it works well at the moment, we all have an expectation that some kind of true innovation for devcoin is around the corner.

We'll see.

Until then, I would love to see more integration of musicians, 3d designers etc...
legendary
Activity: 2044
Merit: 1005
Why demand devcoin over bitcoin?

Yes, but with devcoin:

You don't have to go thru the process of the free market to find someone who likes your work well enough to be willing to pay you in bitcoin.

So, you are free to just do what you like, free your mind, and just do the art... post it online... follow the devcoin rules, and voila, devcoins arrive in your wallet.

The issue is there still has to be value in Devcoin. If everyone is earning coins (180m a month) and nobody is buying, it doesn't matter if you have 10k or 10 trillion of them: they are worthless.

We need to find ways to get money in to the system. It's a lot like Bitcoin and what its problems were/are; people have to add money or the value goes down until it has none anymore.

We need people to promote the auction site as it is functional now. This way if bitcoins or litecoins are used to bid on devcoin funded auctions then it will directly be used to buy devcoins at market and put into the devcoin community fund. Imagine once we have say 10 btc a d ay being used to bid on devcoin auctions, then that 10 btc will be used to buy devcoins and slowly create speculative demand aswell as people front-run the buying. Now imagine if there are 4 or 5 businesses similar to my devcoinauctions.com, then demand has nowhere to go but up.. it is forced to rise.
hero member
Activity: 644
Merit: 500
10 more votes will move us to 20th Wink

Very good melodiem. Soon we reach the goal.

Meanwhile I buy some more DVC. :-)

I bought some, too. Can't wait till DVC get's to the 20th.
legendary
Activity: 1988
Merit: 1007
Why demand devcoin over bitcoin?

Yes, but with devcoin:

You don't have to go thru the process of the free market to find someone who likes your work well enough to be willing to pay you in bitcoin.

So, you are free to just do what you like, free your mind, and just do the art... post it online... follow the devcoin rules, and voila, devcoins arrive in your wallet.

The issue is there still has to be value in Devcoin. If everyone is earning coins (180m a month) and nobody is buying, it doesn't matter if you have 10k or 10 trillion of them: they are worthless.

We need to find ways to get money in to the system. It's a lot like Bitcoin and what its problems were/are; people have to add money or the value goes down until it has none anymore.
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
10 more votes will move us to 20th Wink

Very good melodiem. Soon we reach the goal.

Meanwhile I buy some more DVC. :-)
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
Why demand devcoin over bitcoin?

Yes, but with devcoin:

You don't have to go thru the process of the free market to find someone who likes your work well enough to be willing to pay you in bitcoin.

So, you are free to just do what you like, free your mind, and just do the art... post it online... follow the devcoin rules, and voila, devcoins arrive in your wallet.
full member
Activity: 232
Merit: 100
https://www.mintpal.com/voting#DVC

Vote as many times as you like and post your votes and wallet here.

~★DVC★~ 100k Devcoin Giveaway!! ~★DVC★~ Vote on MintPal ~★DVC★~

Repeat again every hour.
Double your payout for 6 votes in 24 hours!!

Very good, one week has passed and Devcoin has gone from 23rd place to 21th.




10 more votes will move us to 20th Wink
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
https://www.mintpal.com/voting#DVC

Vote as many times as you like and post your votes and wallet here.

~★DVC★~ 100k Devcoin Giveaway!! ~★DVC★~ Vote on MintPal ~★DVC★~

Repeat again every hour.
Double your payout for 6 votes in 24 hours!!

Very good, one week has passed and Devcoin has gone from 23rd place to 21th.

legendary
Activity: 2044
Merit: 1005
I understand Devcoin, but I really don't see this currency taking off. There's no incentive to use it. There's no sound monetary protocol. And the market clearly does not see it as any more advantageous than other currencies.

I get the ethical standpoint, but again, as a developer or creative artist, the question remains:
Why demand devcoin over bitcoin?
A currency should have static inflation instead of 0. Bitcoin is more of a commodity. A currency needs a formal process to be able to accept work for payment.. Devcoin is the only currency that does that and its a distributed pay for work scheme.

You get the best of both worlds. Mining power without giving all coins to miners aswell as giving coins for work done. It is better than any other alt out there I believe market hasnt taken notice yet.

Now I created a new type of pay for work which is a business I created (a penny auction site): devcoinauctions.com

The site is compensated by devcoin shares to offer items for sale and profits are given back to devcoin so basically I can envision tons of businesses competing for shares and bidding up the devcoin market price as a result. The incentive to do that would be 1) marketing the conpany under the devcoin community model 2) have community help with the business thru work needing to be done paying by shares 3) Business operator gets paid in shares to run the site as work..
member
Activity: 145
Merit: 10
I understand Devcoin, but I really don't see this currency taking off. There's no incentive to use it. There's no sound monetary protocol. And the market clearly does not see it as any more advantageous than other currencies.

I get the ethical standpoint, but again, as a developer or creative artist, the question remains:
Why demand devcoin over bitcoin?
full member
Activity: 232
Merit: 100
https://www.mintpal.com/voting#DVC

Vote as many times as you like and post your votes and wallet here.

~★DVC★~ 100k Devcoin Giveaway!! ~★DVC★~ Vote on MintPal ~★DVC★~

Repeat again every hour.
Double your payout for 6 votes in 24 hours!!
newbie
Activity: 10
Merit: 0
How could devcoin keep the miners get only 10% of the coins?In another way, how it implements?if someone else may change the file's data or change the client so that he can cheat the system. Which part of the source code is responsible for it.Can it prevent the miners cheat the developers,like change some docs in the source code or client? thank you very much for helping me

The process of Devcoin mining calls up a receiver file that contains all contributors wallet addresses in it each time a block is solved. The receiver files mix the addresses in a random order, and there are 9 locations that host the files, ensuring integrity and duplicity of results. Neither the miners nor the individuals who will be receiving can change anything, it is coded into the protocol and would require major work and group consensus to change. It is reliable and trustless, and is a primary innovation of Devcoin.

sorry , I'm really not  understand  what you say that "there are 9 locations that host the files",could you please explain it easier to understand it?I am a newbie to the devcoin system, why you don't remove all the address in the file so that you won't to send some to others or you can try to get the 9 locations to cheat the system ?Do you mean that the 9 locations  are like the  verification of identity to the blocks or the miners?  and in that case you can get all what you get. Looking forward to your reply ,thank you very much
member
Activity: 99
Merit: 10
How could devcoin keep the miners get only 10% of the coins?In another way, how it implements?if someone else may change the file's data or change the client so that he can cheat the system. Which part of the source code is responsible for it.Can it prevent the miners cheat the developers,like change some docs in the source code or client? thank you very much for helping me

The process of Devcoin mining calls up a receiver file that contains all contributors wallet addresses in it each time a block is solved. The receiver files mix the addresses in a random order, and there are 9 locations that host the files, ensuring integrity and duplicity of results. Neither the miners nor the individuals who will be receiving can change anything, it is coded into the protocol and would require major work and group consensus to change. It is reliable and trustless, and is a primary innovation of Devcoin.
newbie
Activity: 10
Merit: 0
How could devcoin keep the miners get only 10% of the coins?In another way, how it implements?if someone else may change the file's data or change the client so that he can cheat the system. Which part of the source code is responsible for it.Can it prevent the miners cheat the developers,like change some docs in the source code or client? thank you very much for helping me
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
DVC hasn't been this low since nov 2013.

Maybe a very good time to buy some.
legendary
Activity: 1008
Merit: 1005
Hey guys, RapidBalls now has a jackpot of 202235 DVC, along with the chance to win 5000x your bet! Jackpot is still growing but nobody has taken it yet.

Hey Ranlo, I never knew who runs RapidBalls but I want to say thanks now I do...I won 10,000 DVC back in February.... I am a total skeptic about any site offering prizes/freebies (sorry) but when I won I nearly fell of my chair

Nice site Smiley


Congrats!
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