Topic: [DVC]DevCoin - Official Thread - Moderated - page 209. (Read 1059181 times)

That's very idealistic, and I certainly wouldn't stand in the way of your initiative. Beware, though, that right and wrong are matters of opinion.


I don't think anyone is going to get rich quick with devcoins, personally. It may happen with good speculative market timing, but overall it's the least attractive to wealth storage compared to all the other coins. The coin is actually relatively old and its price is indicative of how much the crypto-speculators value it. This can be a good thing, because it means the coin will be relatively stable in price. It may not seem that way, but compared to all the other coins that basically started at zero and are now worth up to $1000USD each, their range of trade is much, much higher than devcoins, so devcoins can be considered the most stable of the lot. Holding coins does support open source a little bit (because they can sell it at the price you didn't), but putting regular money into devcoins is something else, and that's what it needs to be more stable, and pay fair wages.

Just like the other cryptocoins, the price is determined by how much people are putting in, and how much they are taking out as a whole. The difference with devcoins, is that we know people are going to be taking it out. What's the point of saying to open source programmers (who are already doing open source work) - "Here's a reward for all your open source work, good job! But don't spend it"?

Currently I cannot use it. There seems to be a googleapi for jquery running and timing out on it. All I get is time out messages.
Ah just stopped I can get back on.

ThinkI

I know what it takes, and no it probably won't be for me b/c I generally prefer to manage my own investments. But I'm not knocking your record, effort or offering, I'm criticising the fee structure and the resulting payoff profile after asking some questions. That doesn't mean anyone else shares my view and good luck to you.

The altcoin giveaway forum has picked up some of the slack also ..


http://altcoingiveaways.com/index.php


When is this Devcoin party gonna move its way over to the Devcoin forum? Some of this content could eventually be earning Devcoin some money, instead of going to this massive forum.

http://coinzen.org/index.php

Perhaps it is my misunderstanding then.

My understanding was that we were here to support Open Source and it's programmers; their work our product. Open Source is for the whole world not for one person/entity who can see a use for a certain application.

How that can be handled in a practical way is the debate that seems lacking.

This is my first foray into a Global Currency, as crypto may be for humankind. That seems reason enough to take a breath and think things through. Do we want reward in this new age to be more of the same which we have seen in the Industrial Age? Do we want the free flow of information, which is a hallmark of the Info Age according to such far thinkers as Alvin Toffler, to be manipulated by the few? Or do we want to get it right so that others could take what is done here as a template for the future?

The shaping of this new age could come from projects like this one, if we can think outside the box of our conditioning, to derive a means by which information can be freely shared while providing a fair and equitable system of reward.

The monthly dumping makes it obvious that the vast majority are not here for reasons of political philosophy. It is not surprising then that there is a desire to get our ducks in a row... to put up our shingle... drive business to our door... drive up DVC so that more can be dumped at even greater prices.

My DVCs has never left my wallet, other than sending it to other DVC wallets. That is not meaning only recent bounty payments but going back to my first introduction to crypto.  My drive here is not to get rich quick but to be part of something that gets things right. If that is a mistaken belief on my part then you will have my heartfelt best wishes yet not my contribution as a programmer.

If we are to have that needed debate then one thing that should be a given is that the system should not be designed to pit programmer against programmer in a race to the bottom. If we can start at that point then let's open a thread on the new forum to think tank how things may be handled to achieve our mutual goals.

- Nova

After the giveaway ban theymos announced, you can host your giveaways in my forum

http://thisweekscoin.com/forum/index.php?board=19.0

Have fun guys

Researching stock markets to choose the right stocks is not easy never mind crypto-coin valued stocks.  My similar LTC investment fund was very popular and did very well.  If the fund is not for you then no one is forcing you to buy.  The contract will be very clear and concise.   I'm planning on offering this fund for the benefit of the Devcoin community.  All the shares to be an initially offered are already owned outright by me and I could make any moves privately with them I so choose.  The fees are only being made to make this endeavor worth anyones time involved in the slightest.  No one is going to earn enough from those fees to quit their day job anytime soon.

Its really not... it has inflation adjustments in a deflationary environment... assuming no growth it becomes inflationary. With constant user base growth it becomes deflationary. As time goes by it becomes more deflationary. Constant supply doesn't mean its inflationary by nature.

Sorry I thought the point was to bring people, who want to fund open source projects, together with people, who understand how to make use of all the open source stuff already out there to make them happen.

There is a big difference between the skill set and the mindset of a person who develops proprietary software for a company and someone who develops Open Source software. The latter is generally more enabled than the former as you would expect

A business will still want a proprietary solution no matter how cheap the Open Source developers are. Its the intellectual property rights plus the potential for growth that gets the investment. I am trying to find a way around this issue at the moment but unless you are already well established or the software is only a facilitator like a word processor, IPRs are a big deal to conventional investors (an asset that can be sold if all goes bad).

ThinkI

Yes you could, and really take the piss. It's not exactly rocket science for someone to just sell dvc/btc and buy the shares themselves. Unless you issued at a serious discount there'd be zero reason to invest in your fund because upside is (compounded?) part-capped and downside not.

Yeah, we could change it to 60% dividends received reinvestment and with a 27.5% dividend payment.  With 12.5% of dividends and 15% of capital gains through profitable investing salary fee.  

Just a reminder to all my devcoin fans.. DO NOT...I repeat....DO NOT sell your DVC if you want the price to go up.

JUST HODL like me! 

Re devtome wages, all wages are $3 per hour, but because the project seems to want to prioritize devtome article submissions they're getting a bonus atm. I presume that will change at some point...but no one has said when, yet.

The point of this project is to increase the reward to open source developers, not increase the pay of programmers.

There are already other avenues for marketeers to get programmers to make open or propriety stuff for a dollar. If you try to make it fair and equitable for the programmer, how many businesses would actually use it? Maybe a handful.

Re carpenter, economically, that's exactly how the real world works, except not because that's what he did for nothing, but because that's what he's willing to do it for, or not. I'm all for fair pay personally, but how you do it and still attract the majority of business? It will always be a niche. I'm not discouraging you or anyone else setting up a system where devs can be paid fairly, but I'm just saying to proliferate open source development (the goal of the devcoin project), you still have to do it at the cheapest price, which is why bounties start low and go up over time until someone bites.

Ok. I wasn't necessarily being negative on a fund level, there was another dvc pass-through with similar inverse dynamics that did well as dvc fell, and would be same for any non-dvc origin investment. 20% management is high, esp if capital returns don't work out. Yes dvc has constant generation to achieve constant funding.

Yeah, it's an investment veichle as DVC is inflationary in nature IIRC.  So putting DVC in crypto-coin based stocks would appeal to some DVC investors who want to stay within the DVC markets.

Wonder if I can short that

So that's basically a bet on NEOBEE outperforming dvc/btc, because fund price would move inversely to dvc price.

Shares are a share of dvc generation in each round, so the dvc value isn't fixed until round end which in this case is about 9th Feb (currently ~200k dvc per share): http://dvccountdown.blisteringdevelopers.com/

At first it would act as a pass-through for 5,000 NEOBEE shares, ~BTC1.00 of Kenilworth shares and ~BTC1.00 SFI shares.  With 50% of the dividends the fund receives reinvested into more shares and new securities possibly as well.  Then 30% paid out in dividends and 20% used for a management fee.  The investment fund would be listed on Cryptostocks.

I've run a successful investment fund LTCI on LTC Global before its closure.  Plus, I founded - www.redstarmining.com - which is now in its third year of operation.

I see six shares are reserved for up to four investment business plans.  How much is a share worth?

What is a 'DVC valued mutual investment fund'? What would it invest in, forecast returns, how etc?
There are bounties for businesses and pools http://devtome.com/doku.php?id=devcoin_bounty_now

Programming for $3 per hour and DevTome entries at $20-$50 hour. Is something wrong with this picture?

Programmers are already racing to the bottom by bidding against each other for proprietary development work. If the best that can be done is to mimic that equity (or non-equity as the case may be) then what is the point of this project?

Open Source programmers working for free are working on projects that they choose to do not projects that some marketeer has asked them to do. It appears to me that what you are suggesting is like having a carpenter that chooses to work for free on Habitat for Humanity Homes and then someone expecting them to build a house for them at $3 per hour because they built that other one for nothing.

If we do not think outside of the box for this project it will be here`s the new boss the same as the old boss.

- Nova