Topic: [DVC]DevCoin - Official Thread - Moderated - page 240. (Read 1058949 times)

Since users would be purchasing bids and not crypto, I think that Paypal (or at least balances on Paypal) could be used as an option as well.

Right its a tradeoff of convenience and losing some profit by acquiring devcoin at market. So this is a business decision and not a whim decision because we are in crypto land!

Coins would only be used to acquire bids.

Converting bids back to dvc is where the profit is eaten up. If you accept only dvc then user eats that loss and market rises on the exchange they buy devcoins for bids.. I think this is better for starters and maybe add other coins once liquidity is good enough to avoid high exchange fees.

It might be wise to not limit the site to just one crypto. You can advertise Devcoin just as easily by accepting 2 or 3 cryptos and it gives the users more options on obtaining coins.

No shorter auctions just at first start them staggered? like one a day at noon est or something.. then add more as we get comfortable.. I think they are a few hours long which drives people to bid but we can male it whatver we want I think 2 hours is fine mayne even less.. everytime you bid it adds 10 seconds.

With the amazom thing yea thats a good idea but we need to find out if we buy and auction doesnt get sold (small chance) then we need to ensure we can hold inventory without worrying about fees etc.. but I think once we start it will flow after bugs are ironed out.

First since alot of people are interested maybe want to provide input we can hear them all out and get the go ahead as a bounty if no objections and then we cam start development.. if people want to help lets collaborate and share the wealth

Devbids.com
Dvcbids.com

We can accept coinpayments it would add user convenience.. amd later convert to dvc at market but the spread and liquidity will eat into profit that way as otherwise the bidder eats cost of acquiring devcoins at market or earning.

Ahhh so you want them to last a while. The thing with Quibids is that it lasts only a few minutes each auction. They have 100's of them / day. I love the idea of doing gift cards and extra bids etc.  I think it is a great idea, I just think it needs to be thought out really well first and maybe have a few people work on it.

Keep in mind that you could just list items that are featured on Amazon.com, Walmart.com etc and then ship the items directly from Walmart or Amazon to the winner. In the case of Amazon, using Prime would give the winner upgraded two day shipping.

Yea I was leaning towards dropshipping since we would have to warehouse merchandise otherwise. Im sure quibids started off drop shipping and now made enough money to support their own thing now. Yea we will see how it goes but I think one set of auctions per week staggered so that the site isnt sitting stale?

Ok, lets start with the site names


CryptoZing.com

Both and yes the site would have to have ability to block some countries.

Are you talking about a site that would ship physical goods or just people winning digital gift cards? Might have to put some heavy restrictions on the countries that can participate in it.

I love this idea, I thought about doing a site like Quibids when it first came out (as a secondary to it) but never got to go through with it. I would love to see someone do this! I think that 10hr/week upkeep on the site is a little (a lot) under rated. I think it will take a few people a little more then that to admin that site and make sure the auctions are continuous as well as sending the items to the correct person when they win, and what not. I think that upkeep will be a few people at 20-40 hours / week, and maybe one or two people doing the auction set up and buying items to send (though this can be done after the auction ends and with the winnings and have the items dropped shipped. just a thought).

May be a good idea to just take a few hours and write up a business plan and start figuring out numbers.

Chad

Id like to propose a bounty, which is a business. An auction business which is run by Devcoin. A quibids style website that offers items that Devcoin puts up for sale.

This way the problem of fraud between users is minimized since with traditional peer to peer auction sites its always a battle to ensure the item was recieved and the user paid, especially when the website never sees the item.

The goal is to create a profitable business by selling bids, the profit realization is the difference between what the item was bought for by Devcoin and how much it sold it for in calculating number of bids to sell * price of a bid.

For example on quibids: There is a futureshop $50 gift card which just sold for $1.74. The person who bid last and wins will get the great deal. The site makes profit because each bid costs $0.60 and moves the price by 0.01. A total of 174 bids for the gift card means the site makes $104.40, so a total of $54.40 profit. Shipping cost is added to the final price so the website doesn't pay for this.


Every round we can fund new items for auction and I will be responsible for being the admin for this, and shipping items out etc. As time goes by we will need multiple people doing it if it grows.

The long term cost is the shares assigned per round to purchase the items for auction assuming they get sold for free. This is the same cost as devtome currently as no profits that I know of are being driven in. The benefits are the profits on average of items sold for more than purchased. All coins given to the website are held in a secure wallet that may be used by Devcoin for other purposes like ensuring sell side liquidity in the market.

The work comprises of three parts:

1) create the website (starting from a template)
2) allow devcoin payments to purchase bids
3) Everyday work to ensure the site is operation

And reporting can be done each round on the profitability of the venture. If we find things are being given away for free essentially because noone is interested in cool stuff then we can always stop funding it

If I work on it my estimate would be it would take me:

1) atleast 4 hours a day for 4 weeks to get a website up that is functional
2) atleast 4 hours a day for a week to allow coin payments for bids
3) Atleast 10 hours a week for site maintenance.

Thats a total of about 150 hours.

50 shares sounds about right if we think that writing 1000 words of a "good" article takes 3 hours (generously), and each 1000 words is a share.

Jag

That's true, I was just starting a blog for DevCoin related stuff, but really we are trying to figure out what to put on the front page of DevTome, not on the blogs, though you are right, it would work better for the news on the blog. Featured articles and what not each round would be good. News, not so much I guess.

That would probably be easier in the form of a blog that features articles on  Devcoin/Devtome and other crypto news. It is also far easier to backlink blog articles to other blogs than using Wiki links. I have a blog and the majority of non-blog links that people post with their comments get deleted as spam.

If there were 5 - 10 people willing to come up with 2 - 3 articles a week, it could become popular all the while directing people to Devcoin/Devtome.

Just link the blog to Devcoin.org and the Devcoin Wiki as the official blog of each.

I like the idea of having a "DevCoin" or Crypto Coin news page as the front page with links to featured articles and a link to a "new posts" page that has all the new posts. Also a link to categories and an Index on there. I think that would be really good use of the space.

Sorry, I've been unavailable for a couple of days.

Have there been any new bounties that I may have missed?

Thanks

Also, to spruce up the front page, why don't we create a featured page of the day or something and a crypto news section, like Wikipedia?

The only thing I can tell you seems to be that it isn't near 1000 words. I am not sure if it will count anything until you hit 1000 for the first time, then once you are in the account file it may count them. Not 100% on that though.

Chad

Hello!

A few days ago I wrote an article on Devtome, I checked when the word count would be and I saw it was very frequently, the point is I can't find my personal stats anywhere, I checked the following site and the stand alone csv:

http://dvccountdown.blisteringdevelopers.com/

Maybe I'm doing something wrong, my user page is:

http://www.devtome.com/doku.php?id=wiki:user:cdelatorref

I hope you can guide me.

Thanks in advance