Topic: [DVC]DevCoin - Official Thread - Moderated - page 205. (Read 1058949 times)

We probably could open a request in their support page.

Only few cryptos can be traded against fiat actually (BTC-E list). I don't think that DVC is actually reaching anyone outside the crypto sphere. I don't think many writters will be annoyed if they have to trade vs btc first. In the other case there is some lobby to do with BTC-E. melodiem for you; is the problem the conversion into fiat or the delay to get paid ?

I was referring to devcoin conceptually, I don't know about ads or what they say. Simpler is good, pandering to one-sided trade flow or interest isn't.

I'm not criticising you, this is just a discussion. I have views, and find inertia/perceptions that I think are counter-productive grating. But that seems to be my viewpoint as the outlier because counterpart opinions over time haven't changed, and is certainly not annoyance at you. Your ideas and input have been positive and I try to give constructive criticism.

No they're not necessary steps to anything except the sustainability of devcoin. Either devcoin buyers are real interest, or just speculators/charity. If earners are perpetually selling to the latter then at some point this stops working. That's not how I understood the project; if it's a sustained dynamic I don't think it works.

I am not trying to argue, just trying to clarify my perspective but I accept other currencies for work already and pay out in other currencies, it either goes through an online gateway or by direct debit to my bank - there is no complicated, just a fee. BTC has to be exchanged for FIAT but even that is not complex, localbitcoins and word of mouth works well enough.



I know its down to me, I really am doing my best to contribute and I hope, when I actually get to "trading" something I get it right because getting it wrong seems to be causing everyone else problems .. (going by the previous conversations on here re: newbies dumping and selling at the wrong times etc so value drops)


I am trying and I am 1 writer


No, but I am not sure they are necessary steps to joining or contributing to the community are they?



  I thought I explained...the stability of the price is not in my control so I cant screw it up but I can screw up the trading part ..

I would rather have a python version myself so I can watch it in a console rather then having to rely on a web server and connection to it through a browser or what not to run it.

I may be able to write up a quick PHP implementation of the EMT volatility bot, and people could deposit their devtome DVC and the bot could trade their DVC online.  Shares of the trading profit could be sold as well, which would give Hunterbunter another six shares too!

Yes and it's get paid in devcoins, not $. 'In the case of developers...' - this is where I have a fundamental disagreement. It's as much down to writers and perhaps artists and musicians to build interest as it is developers. Writers should be selling their dvc to people who value their writings. Likewise other areas. If interest can't be drummed up then what's the value of their work?

The 'challenge' is the core of what devcoin's about. If growth of interest and activity is being throttled it's because those benefitting from dvc aren't catalysing equivalent forward interest. And so they should find realising gains difficult because they don't yet deserve for it to be easy. Yes that's a bit chicken-and-egg but there's so much talk here that seems to ignore the basic issue that in order to pay there have to buyers.  

You keep referring to 'traders' but I also don't get that point. DVC is obviously global. If you found a job that paid in £ then you'd want to exchange it to A$ at a bank, or turn it down because it's too complicated. It's the same for devcoins. It seems what you mean by 'trading' is risk of losing money compared to what you expected. Well that risk is down to you and every other devcoiner working to support it. If writers in particular find the process difficult then it should be writers who find a way to make it easier and more efficient.

I have no idea b/c it depends on a growing community doing enough to warrant it, and others not yet involved thinking the same.

If you're not that concerned about price stability then why all the talk of of trading risk and prices?

A few questions:
1) Did you buy dvc before earning them because you valued the work you saw?
2) Have you bought any since for similar reasons (not speculative)?
3) Have you personally traded your dvc for fiat with others who valued your work specifically?
4) Or to anyone who just appreciated the general concept?

You don't have to answer those, it's to make the point that price and sustainability is supported by value. I think there's a really big gulf here between tech and non-tech perceptions of what devcoin is meant to offer that chips away at the foundation of reward for open source work (and I'm not a techie fwiw). That's a moan at the incentive structure that causes it, not you.
-----
(You can only sell what you have on vircurex, so can't lose everything and don't need to worry about that).

That's even better thanks for this feature.

In the case of developers I totally agree with you, and from what I think I understand, DVC will make a way for that to change and the more activity and interest in DVC, the sooner/faster that will happen?

BUT

I followed an ad to get here that said "get paid for writing", so I think it is reasonable that people also following that same advertisement (that really is pretty much everywhere) will expect to get paid for their writing.

I hope one day they can pay the plumber with DVC, but right now it isn't an option, so the additional challenge only throttles growth of interest and activity.

If there was already enough growth and slowing it made sense (it might, is that an inflation issue?) then I would understand why it seems important ALL devtome writers/devcoin community contributors become traders.

As it stands, from a simple chicks point of view, Im delighted to see technology on the horizon that might just Keep It Simple

how long do you see before that will happen?


Not really..

Its the risk, and the lack of knowledge that is the challenge - the language around trading, the websites I have to join (vicurex isnt exactly newbie friendly) then I have to know how to put my stuff up there heck, apparently I can even accidentally put it on the wrong side? and lose the lot in my first moments like other people have.

Price stability is the one thing outside my control, that I personally cannot screw up so to be honest, its not my biggest concern. (not that I dont care...just comparatively)

I look at it quite differently. Payment is in devcoins, and it's a payment for open source work. Pricing a devcoin is a function of assessing what value you think they bring or add to a world without them. It would be quite possible for an exchange of dvc to flow with less reference to fiat, if price could be efficiently aligned to effort.

Devtome and all devcoin payment methods should challenge recipients in realising returns. Price risk and implied value is what ties buyers, users and developers together in shared interest.

If for example a bunch of GIMP and mozilla developers were regular devcoin recipients, then I'd know that buying and using dvc contributed to creating and improving stuff I use and value. That in turn adds value to dvc. What those developers do with their dvc is down to them. They could for example, give them to blender developers or hypothetically pay their plumber if he accepted dvc.

Defining dvc as only a stepping stone to fiat misses the point. Before recipients received dvc they didn't receive anything, so devcoin doesn't owe them a easy guaranteed fiat return. Realising returns should be a challenge forced upon those people and the contribution of a devcoin economy itself.
The first step of trading success is generally about having a view - whether that's simple direction, volatility, mean reversion, relative value etc - or any fortune is just luck. But I don't think the average dvc earner needs to be playing the markets. Put simply, if enough people think devcoins are worth more than their price then value will rise, and vice versa.

Frankly, nobody worries about the price rising. Worries about price falls by recipients can only be based on a fear that 1) I or others have been overpaid; 2) Other people think we've been overpaid. That means your currency exchange challenge isn't really about trading complications, it's because there's not enough price stability yet. And that's because (crypto speculation aside) payments aren't yet aligned to work value, according to those buying/selling dvc. That needs resolving by growing application and stability, not trading facilitation.

Lol sorry...I've just been around cryptos a while...I'm sure it's better now.

You all make it sound soooo wonderful..... is this just to frighten us newbie's before the payout? 

That's one of the things about bitcoins/crypto's, a lot of normally illegal stuff is fair game here. It's generally unregulated until someone with the power to do anything catches on. The early days was rife with scamming and pyramid schemes and all sorts of things.

It wouldn't surprise me if these bots already existed, but at least with bitcoins, it's a lot harder to have the capital reserve to make it work. The other currencies (especially devcoins) would be a bit more vulnerable, although with enough people using markm's shotgun approach even bots will start having a harder time trying to make a profit like that.

A private exchange or auction is more complicated. I'd never even heard of a penny auction before discussion here and there seems to be contention, as well as possibly some conflicts of interest between potential users and 'developers'.

I'm all for devcoin goods and services, but personally havent got my head around how to make a devcoin exchange work properly. I think more clarity on what people want - stuff or 'work-exchange' or 'open-source work exchange' etc - then how/why a devcoin platform rather than bitcoin or $ would work, is needed.

That's why I just suggested a basic official bounty site. If that proves to work out, it should give better idea of dynamics. But that's all just my opinion and doesn't stop anyone else having other views and working on them.

oh I know I do it by hand, Mark got me started on it, I haven't taken the time to do a bot yet and really recently it's been kinda level for DVC though it is getting closer to my buy limits   Would be nice to see a good bot script open sourced, that wasn't just a shotgun bot. The earlier algo posted looked interesting too, would be nice to see that transformed into Python...  So much to do, so little time!

the fees on this exchange (crypto-trade) are 0.2%, so if the trading range for the bot is 1%, the bot still makes 0.6% per cycle( 0.2% up+ 0.2% down would account for the other 0.4%)

Also don't forget the fees

bots may make the trading game interesting for the most part.... the example of what i think may be a bot trading pattern, didn't change the average price, or the overall trend. what i would worry about with a bot, is if somebody comes up with a bot that consistently moves the price up or down on a certain coin, and uses it to gain leverage.... if that were to happen with regular stocks and bonds. it would be illegal.... 

what it looked like to me on the graph i posted, was a bot doing trades within a very narrow trading range at low volumes, but enough to skim a small percentage off of each trade, which, accordint to the volume graph is probably "small potatoes", but probably a significant margin for the person running the bot.... turning a few hundredths of a DGC into a few tenths of a DGC in the space of two hours. it also may only work on a small scale because of the effects of volume.

Devtome.py now checks for identical sentences, and doesn't add the copies to the word count, only the original sentence is counted. So please copy and paste skill descriptions and everything else. Templates are good. There is no longer a need to use a wiki tag to insert identical paragraphs.

Ok, so I lied I worked on it a little tonight. You still have to log in with your devtome id if you want to see anything, but tomorrow I will work a little more on the back end and the flow a little more.