Topic: [DVC]DevCoin - Official Thread - Moderated - page 231. (Read 1059181 times)

Im down to get it up and running and I think we start small, I think I will need a few admins to help out. Its funny, that Devcoin was one of the first things I looked at getting into crypto. It turned into a hobby after I spend a few k $ and watched the charts like a hawk and cried as it flew down, and it turned into a passion after I learned how the bitcion code worked and worked on the qt wallet and android. I think when im motivated I am able to do some good things and thats where I am at. But I am first making the proposal so we can see black and white and then change it to how we want it to work best for us.

Again, the bounty is just the initial teaser for me, I think the bounty helps get the people involved and it will help. But for me any coins recieved are all to the cold wallet, so ofcourse I care about the bounty, who wouldn't but it is not for the purpose I think that you are thinking. I like to develop things, yes but for me to spend a month slaving away to get this thing working and I have a day job too I would expect some coins in return which I would keep for a good day, being on the reciever list is up to someone else. I thinkt hose who do it for fun, then pay them for their good work that is good will, but what is the purpose of this? Is the purpose to simply give donations thats it? Who would ever buy to support donations? We support the top 100 developers, and they develop things that help us and bitcoin and other crypto's, maybe other things. Those developers crank out applications quickly and are of good quality. Yes I support that long term vision. Supporting a self supporting business is the same. I consider devtome closed source, I dont see it on github anywhere? Same thing here... paying someone for the scripts is negligible I was going to do that myself anyway but probably not now that we are questioning shares etc, you seem to question integrity rather than a business proposal. Yes it will be alot of work im sure even if we start small, but manageable with help? Probably. Better than what we have now? You be the judge. You're asking how many writing shares would cover the bounty? 50 shares plus however many for inventory? You can do the math its not much.

Ok, I guess I am out as far as the auction site is concerned. There are too many pitfalls that people are looking over or are just brushing off. I think it is a good idea, but I don't think it is being gone about the right way so I wish you the best! I hope it works out as I too agree that it would be a great boon for DevCoin if it made it.

Chad

One massive advantage of free open source would be that hundreds or thousands of people will be able to try to make such a site profitable.

I still wonder how many people have managed to make a site built with the commercial scripts profitable, and also how many have even tried.

(Of how many licenses/keys sold, how many are still running profitably how many years later?)

I don't think you realise what a massive undertaking such a site would be, especially if it does take off.

It is a classic "startup".

Who is the dedicates his or her entire life into it he or she believes in it so much founder?

Who are their tight knit team-members who will work full time overtime and weekends on it for shares of it for a year or two or three to get it started?

Given a compelling enough team who has demonstrated such dedication to it maybe buying some equity in their startup by buying them a license to use the script would be a good investment.

But remember the vast majority of startups fail so we really do need totally dedicated totally determined people.

How many words would those people have to write for Devtome in order to earn enough devcoins to buy themselves the script license and the dot com, net, org and maybe some national top level domains of their proposed name?

(Maybe the dot AUCTION too if an auction top level domain is available yet.)

If that is too much work for them, a startup is almost certainly massively too much work for them.

In fact one could probably pretty much guarantee that if writing enough words is more work than they are willing to do they are not the team to do such a project.

So, back to free open source. Supporting free open source is part of devcoin's mandate. Maybe if someone is writing a free open source version of such a site, and they spend forty hours a month doing so freely of their own accord, they might become eligible to get onto the devcoin receivers list.

Then if the thing works and works well, real code out there real team still working on it etc like bitcoin and open transactions, and at that time devcoin finds it good enough to be essential to the devcoin plan like bitcoin and open transactions are, maybe only ten hours a month would suffice to stay on the list maintaining and improving the thing. Heck maybe more than one developer on the team could get on the list, both bitcoin and open transactions have more than one developer each receiving a whole share per round.

Consider that quite likely both open transactions and bitcoin are getting 48 shares a year or so if they each have four developers who each get one share.

That is after they already developed the software, they got nothing from us until they already had good code proven and working for a long time, albeit in Open Transactions case it was not ready for grandma. (Nor is bitcoin yet, arguably.)

-MarkM-

So why make any businesses that accept anything to do with crypto? Lets just all hold crypto stuck up our butts and hope that one day someone will keep eating our sell offers and we just recycle our stash through bids.. hmm that sounds about right.

Even for bitcoin overstock.com, cheapoair.com etc dont see adding bitcoin as a market advantage at all right? Why bother creating a service that already exists when it already exists?

Like I said if the big players accept devcoin? hey cool, we win either way.

So basically if quibid has any competitors yet the competitor that starts accepting cryptocoins before quibids does should take the crypto world by storm?

Is the crypto world not yet big enough for any of their competitors to bother, do you think?

-MarkM-

I think the goal is to help stablilize the exchange rate by providing a monthly weekly profit. This will do that. They cannot trace which coins were used so they cannot undo the transactions, but they can shut the website down if it gets big enough, so I would bet we wouldn't see that for a long time. In the mean while we would benefit from the profit it brings in. Just like all the other bitcoin sites allowing exchange of bitcoins for goods, im sure some of them are just plain old websites with a web wallet too.

Im sure it would get duplicated but yea the original one would be popular enough at that point that it would be generating profit right? That's the goal? Also we would have funding rather than the competitors which would be a private venture and the person would have to risk quite a bit to get it up and running him/herself to justify any potential profits considering that we would be a direct competitor with a community behind us.

For those who still are thinking, why the heck would I go to this auction site when I can go to quibids.com or any of the other auction sites? Well that market is big, but we are after a different market. We are after the crypto-currency market and actually we really care about the devcoins mostly, as if you are paying via devcoins you must either earn or purchase them, directly benefits all of us who hold. Those who hold coins and cant spend? Well we all know that the biggest issue is there is nowhere cool to spend coins on... this tries to solve that problem. Other people from other crypto communities would come in and try to emulate us, but I think we would be good for a while because we would have developers willing to make features etc for coins, we already have a bounty process thats probably better than most other coins and is giong to get better. It serves the purpose of devcoin well, any business that any competitor would emulate we should have market advantage only because of the share system. If we leverage that we win.

I think of it this way, in the worldwide marketplace for goods vs crypto's there are bids and offers for goods and we are essentially giving very low offers for the same thing that another one gives higher offer, the buyer will come eat up our offer first, like for example if vircurex had an offer alot lower than crypsty, it just takes knowledge that vircurex exists(marketing), and to check it and transfer the coins if its a big enough difference.

i think it would be almost impossible for this type of auction site to not take the crypo world by storm.  It would probably be quickly duplicated but, the ones who get their foot in the door first might have the best chance of making it.

Sounds like you maybe didn't use the colon that tells the wiki to look in the main articles section insead of the current (aa user homepage or homepages) section?

-MarkM-

People who take home real products from the sites without paying fiat for the things obtained the things as income in effect.

Possibly if the bitcoins had been held for a year prior to buying something with them then it could be argued the things bought are capital gains rather than income.

Re an auction site, there are probably laws about auctions, a law firm in the jurisdiction it is to be operated in should be consulted, also the laws where each customer lives might also need taking into account.

Basically it would be a full fledged "startup", so probably need a "totally puts his entire life into it" founder and a team of co-founders willing to work overtime and weekends for a few years for shares to get it started up then hopefully be rich enough to retire when the site is sold to quibids or google or who-ever for millions or billions, along of course with all the personal data on its users that its privacy policy pretends will not be given or sold...

-MarkM-

So if we dont support fiat, payments are done via crypto wallets, how is that any different? Unless the business gets so big that it becomes a big enough fish for someone to care?

Does anyone know what the problem is?
On my devtome user page, http://www.devtome.com/doku.php?id=wiki:user:athanasios_motok a few articles appear red, this only happens on my page. When put into the homepage this issue does not happen. Is there a syntax error? Also one of my pages is not even showing up (Paper Thin Flash Drive)
Thanks so much for your help,
-AM

It is all a matter when they get round to you. When consulting the lawyer about a football pool site she said that it would likely fly for a while yet once they got porn somewhat under control they would turn on gambling. This was back in the 90's and she was spot on.

If a raffle/pool is kept among the community it is not likely to get much attention. If payments back and forth are done through crypto wallets it will just be too hard to nail down. My guess is that it would not be worth the person power to try to litigate. In your area, MarkM, you can get one hour of free consulting from a lawyer as a free service. It is in the yellow pages, or was.

- Nova

Yea I know... first he said he doesnt give his customers websites out... I asked why he said company policy... and then goes ahead and tells me just look at quibids for an actual representation, its their software.

Sent an email to quibids asking about it anyhow.

So all these bitcoin sites or anything sold for bitcoins are also susceptible to tax? We wouldnt be a registered business so how is tax applicable? Just because we allow barter? hmmm....

I wonder if Quibids would confirm who they got their software from?

Seems unlikely somehow thus seems easy claim to make...

-MarkM-

So I called this guy http://www.ebay.ca/itm/171047705105?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649 ... seems to be the tech guy who worked on it at 1 (989) 303-1012  .. anyways he claims that this is the actual software used on quibids.com and dealdash.com and it is not a clone.  I msged him about the metrics and he will get back to me but thats what I got from what I talked to him. He said there is about a 40% conversion rate between a visitor and a customer.

At one point some politician did try to say virtual things are like barter and found-treasure, so that if a magic sword sells on e-bay for $5 and your world of warcraft character finds such a sword that is $5 of income to be taxed.

It didn't fly though.

What about when you barter an apple share for an IBM share on an exchange site via the intermediary of the dollars or whatever that are used to measure both stocks, that is, sell an apple share and buy an IBM one?

Or you barter a magic sword for a magic shield? Again possibly with the mediation of a MUD-currency so you sell the sword in the shop for MUD gold and buy a shield with that MUD gold?

-MarkM-

In my country at least, if something is traded for something else then a tax is expected. Yeah, they don't even want barter without a piece of the action. You may as well go all the way getting into granny gambling in my opinion. i.e. raffles, pools, etc.

- Nova

I guess in that way it would be pretty similar to owning stock in an individual company. It doesn't matter if the shares go up 10000% during a 4 month period. You only have to pay tax on them when you cash them out for actual cash in your trading account or bank.

If they require crypto in crypto form to be reported as earnings then they have to allow you to report your crypto trading losses... I simply don't see that happening.

Dont know I will ask for that and report back. There are demos you can see them in action but yea a demo is just a demo.