You can't treat devcoins as an unbeatable deflationary value to the moon coin that must be held at all costs, and expect everyone to follow that behavior - it's just not attractive enough to speculators to sustain that. It's geared towards paying people for doing open source development (ie a good cause)...but what good is that pay that they can't take out at will? Part of it being a free market and competitive is that everyone will develop their own motivation to contribute - create open source software or write on devtome (or whatever else - admin, marketing, etc), and the market price will be leverage to that motivation.
The issue with devtome you guys seem to be having is that it might be over-subsidized. I only joined the devcoin community several weeks ago, and I actually thought devtome was an intrinsic part of the whole devcoin project - this came from both the fact that it's talked about so much, plus the huge number of generation shares it gets per round.
Regarding over-subsidy, whoever is deciding the rate of pay seems to be treating devtome growth as a priority, since it's subsidized so heavily (ad revenue is way less than writer payout). I think having devtome authors only get paid ad revenue will kill it off completely, because very few people will actually contribute any more. So this leads to the question: what's the purpose of devtome? Is it important or trivial to the proliferation of devcoins?
Topic: [DVC]DevCoin - Official Thread - Moderated - page 247. (Read 1059181 times)
... devtome ... as a single bounty project, it's too high...
It was explained to me that there is a method in the madness. The writing bounties have brought in a lot of new folks and interest. Many of those folks have moved on to other important administrative positions. The question is when is enough enough, for like you it seems to me that the writing bounties are out of whack.
Last split had me receive 100,000 DVC. It was for some testing done previously in DevTome. It was so inconsequential to me that my assumption was that something had gone wrong when testing a new faucet on the same day the split share arrived in my wallet. If an hour was spent on my 1000 word test entries it would be a surprise to me.
On the flip side over the last month a forum bounty has attracted my attention involving incoming and outgoing emails to a SM forum. The incoming aspect of the project was close to being finished when it was brought to my attention that if someone finished the first part then having the second part done was meaningless. Oddly, having the second part done seemed to have no relevance to the first part.
Obviously spending the month writing in DevTome would have been a much more secure endeavor, not to speak of less stressful. Once the SM Forum project is completed, either by me or someone else, my attention shall turn full time to DevTome until some degree of fairness is placed on programming bounties.
- Nova
I think some of you took the wrong idea from "running out of content".
The point is that authors should not be getting shares of mined bitcoins, they should be paid from the advertising revenues earned by the Devtome site.
The "run out of content" idea is basically that if we take away the constant massive throwing of outlandishly high amounts of coin at Devtome, letting it work like it is supposed to work, which is by having ads on it and using the revenue it earns from the ads to BUY DeVCoins on markets and pay the authors with THOSE DeVCoins, NOT with freshly minted DeVCoins, then we might find that people spend less time thinking up drivel to post to Devtome, resulting in Devtome running out of content DUE TO the authors failing to produce revenue-generating content thus failing to get paid thus possibly, maybe, according to some theories, no longer providing content.
I do not think it need happen that way for certain though, because other things could happen, gosh knows exactly what but suppose being published on Devtome was a valued privilege, maybe people would even pay to have their material published there or something.
But there does seem at a glance a chance that maybe if authors ONLY got paid what their articles ACTUALLY EARN BY ADS, a whole lot less "content" would be produced...
And that might make DeVCoins go up in exchange rate DUE TO less idiots who do not value the coins they get because they get them for work they consider value-less, to wit the posting of drivel to Devtome, having coins to dump for low prices.
In short, maybe if the minted coins went to people who value them instead of to people who are getting insane out of line massive amounts of them for pretty much doing nothing, or for promoting themselves and their ideas on someone else's bandwidth-and-hosting bill, they wouldn't get thrown away dirt cheap on the exchanges all the damn time.
(The fact that authors dump their coins cheap is probably at least partly due to them getting too many coins for too little work thus not valuing the coins highly.)
-MarkM-
The point is that authors should not be getting shares of mined bitcoins, they should be paid from the advertising revenues earned by the Devtome site.
The "run out of content" idea is basically that if we take away the constant massive throwing of outlandishly high amounts of coin at Devtome, letting it work like it is supposed to work, which is by having ads on it and using the revenue it earns from the ads to BUY DeVCoins on markets and pay the authors with THOSE DeVCoins, NOT with freshly minted DeVCoins, then we might find that people spend less time thinking up drivel to post to Devtome, resulting in Devtome running out of content DUE TO the authors failing to produce revenue-generating content thus failing to get paid thus possibly, maybe, according to some theories, no longer providing content.
I do not think it need happen that way for certain though, because other things could happen, gosh knows exactly what but suppose being published on Devtome was a valued privilege, maybe people would even pay to have their material published there or something.
But there does seem at a glance a chance that maybe if authors ONLY got paid what their articles ACTUALLY EARN BY ADS, a whole lot less "content" would be produced...
And that might make DeVCoins go up in exchange rate DUE TO less idiots who do not value the coins they get because they get them for work they consider value-less, to wit the posting of drivel to Devtome, having coins to dump for low prices.
In short, maybe if the minted coins went to people who value them instead of to people who are getting insane out of line massive amounts of them for pretty much doing nothing, or for promoting themselves and their ideas on someone else's bandwidth-and-hosting bill, they wouldn't get thrown away dirt cheap on the exchanges all the damn time.
(The fact that authors dump their coins cheap is probably at least partly due to them getting too many coins for too little work thus not valuing the coins highly.)
-MarkM-
+100
This is what I have been saying aswell.. and the notion that devcoin will rise when devtome rises is pegging devcoin on the hopes of devtome, when it should be the other way around. Devtome will rise if devcoin rises, so when more people want devcoins they will write on devtome. (Is this the devtome project or devcoin? Are we a writing based project? Initial vision was for development, writing came secondary)
We have it the wrong way around right now. If we pay for software and hardware bounties, and they get done, then slowly devcoin will be more appealing, as more people write less drible because they want to "own" devcoins then the revenue generated by ads will be higher and an exponential cycle kicks off. Right now when the cycle starts the devtome writers are quick to dump, so no secondary buyers can sustain 180 million devcoin monthly for a sustained rise. If the writers got less, and developers got more there would be less dumping because I know for sure developers would not dump as much because they are working to "own" rather than to "sell" to bitcoins. I havent sold 1 devcoin since I owned any especially those I have earned through my software. I value it much higher, even though technically it is being held back.
Another thing when it comes to purposeful writing seems writers are nowhere to be found, if we have good writers atleast we can put them to good use and write some good documentation for our software manuals/tests so that we may attract others. The readme's in github, the verification tests, the general documentation that I suck at being a developer where a writer would flourish should be taken advantage of. Instead of categorized dribble we should leverage it to its advantages, pay for good work.
I think some of you took the wrong idea from "running out of content".
The point is that authors should not be getting shares of mined bitcoins, they should be paid from the advertising revenues earned by the Devtome site.
The "run out of content" idea is basically that if we take away the constant massive throwing of outlandishly high amounts of coin at Devtome, letting it work like it is supposed to work, which is by having ads on it and using the revenue it earns from the ads to BUY DeVCoins on markets and pay the authors with THOSE DeVCoins, NOT with freshly minted DeVCoins, then we might find that people spend less time thinking up drivel to post to Devtome, resulting in Devtome running out of content DUE TO the authors failing to produce revenue-generating content thus failing to get paid thus possibly, maybe, according to some theories, no longer providing content.
I do not think it need happen that way for certain though, because other things could happen, gosh knows exactly what but suppose being published on Devtome was a valued privilege, maybe people would even pay to have their material published there or something.
But there does seem at a glance a chance that maybe if authors ONLY got paid what their articles ACTUALLY EARN BY ADS, a whole lot less "content" would be produced...
And that might make DeVCoins go up in exchange rate DUE TO less idiots who do not value the coins they get because they get them for work they consider value-less, to wit the posting of drivel to Devtome, having coins to dump for low prices.
In short, maybe if the minted coins went to people who value them instead of to people who are getting insane out of line massive amounts of them for pretty much doing nothing, or for promoting themselves and their ideas on someone else's bandwidth-and-hosting bill, they wouldn't get thrown away dirt cheap on the exchanges all the damn time.
(The fact that authors dump their coins cheap is probably at least partly due to them getting too many coins for too little work thus not valuing the coins highly.)
-MarkM-
The point is that authors should not be getting shares of mined bitcoins, they should be paid from the advertising revenues earned by the Devtome site.
The "run out of content" idea is basically that if we take away the constant massive throwing of outlandishly high amounts of coin at Devtome, letting it work like it is supposed to work, which is by having ads on it and using the revenue it earns from the ads to BUY DeVCoins on markets and pay the authors with THOSE DeVCoins, NOT with freshly minted DeVCoins, then we might find that people spend less time thinking up drivel to post to Devtome, resulting in Devtome running out of content DUE TO the authors failing to produce revenue-generating content thus failing to get paid thus possibly, maybe, according to some theories, no longer providing content.
I do not think it need happen that way for certain though, because other things could happen, gosh knows exactly what but suppose being published on Devtome was a valued privilege, maybe people would even pay to have their material published there or something.
But there does seem at a glance a chance that maybe if authors ONLY got paid what their articles ACTUALLY EARN BY ADS, a whole lot less "content" would be produced...
And that might make DeVCoins go up in exchange rate DUE TO less idiots who do not value the coins they get because they get them for work they consider value-less, to wit the posting of drivel to Devtome, having coins to dump for low prices.
In short, maybe if the minted coins went to people who value them instead of to people who are getting insane out of line massive amounts of them for pretty much doing nothing, or for promoting themselves and their ideas on someone else's bandwidth-and-hosting bill, they wouldn't get thrown away dirt cheap on the exchanges all the damn time.
(The fact that authors dump their coins cheap is probably at least partly due to them getting too many coins for too little work thus not valuing the coins highly.)
-MarkM-
Hi,
I was wondering why DVC value is going down so much, now very close to DOGE.
I was wondering why DVC value is going down so much, now very close to DOGE.
No telling why..
You could have a penny stock company worth $50,000,000 with only 2.5 million shares outstanding lose half its value in a matter of days, for no reason other than pure speculation.
This is a cryptocurrency and is only backed by the good graces of the people that hold the currency, not a company with hard assets. If people think it is worth more than the current price, it will go back up. If people think it is worth less than the current price, it will continue to go down.
The main thing to remember is, the market is always right, even if people think it is wrong.
There is nothing to prevent Devcoin from being in the $0.01 to $0.05 range in the future as long as the Devcoin economy grows...
Worrying about the daily up and down prices will only give you an ulcer.
As a side note Dogecoin has a trading volume that microcap companies dream of. I just checked on Crypsy and the Volume for DOGE/BTC is 571 BTC (roughly $450,000) and DODE/LTC is 1833 LTC (roughly $40,000)... Egads Man!!!!
Pretty much this.
Dogecoin has some pretty good marketing for what it is. I'm seeing it mentioned in reddit a lot.
So you guys think if we could all get devcoin more popular and have it mentioned on more social sites that the value will rise?
-AM
I think that is a 100% guarantee.
Who doesn't have $50 laying around the house available to use for cryptocurrency speculation? People will buy low in blocks of 10k, 25k or 50k and hope it goes to a dime. Lots of folks have read the news on Bitcoin and know it started out in the pennies.
I am a firm believer that the cryptocurrency landscape will be vastly different in December than it is now in January.
Bittzy78
When will devtome be forced to buy devcoins to supply the dumpers?
Place your orders low, my man. And then wait for them to run out of content.
lol I still dont get why devtome is given shares when it is a bounty project.. I guess if there was
nothing else to spend on we could have made another devtome but maybr something to do with useful sourcecode.. if we gave more precedence to source we would get better output as a whole...
Imagine the number of writers as developers instead.. we would have the best wallet softwares and probably some new features other coins dont have.
I used to raise this situation to the community, and later we just double the other bounty (source admin etc.) and double and redouble again and again, to against the hugely increased devtome writers, but this won't solve the problem, since the devtome payout every round is almost half of all, and as a single bounty project, it's too high...
+1
Compensating for devtome is not the answer imo.. doubling source admin?? its only 1 share
oh, my wrong of bad english, I mean bounty for admins for write source code of other facilities(like my faucet), forum bounty etc, I remeber the forum bounty is 12 shares while now it is 36 shares. and every round we have addition bounty for every admins.
When will devtome be forced to buy devcoins to supply the dumpers?
Place your orders low, my man. And then wait for them to run out of content.
interesting you should think a growing community would run out of content.... maybe you hope it will, and you can cash in on a theoretical collapse?
i think the idea of using Devcoin to pay people for their ideas is good. it fosters creativity and competition.
Running out of content to write about on Devtome will be nearly impossible. There are a couple thousand years of human history that people can pull article information from. Heck, you could write forever just on the 20th century.
People have very successful blogs that are years old just on the topic of personal finance.
Can you imagine a time in the near future where 150- 200 people contribute content to the Wiki every round? There might even come a time when the content doubles every 3 - 4 months.
When will devtome be forced to buy devcoins to supply the dumpers?
Place your orders low, my man. And then wait for them to run out of content.
interesting you should think a growing community would run out of content.... maybe you hope it will, and you can cash in on a theoretical collapse?
i think the idea of using Devcoin to pay people for their ideas is good. it fosters creativity and competition.
When will devtome be forced to buy devcoins to supply the dumpers?
Place your orders low, my man. And then wait for them to run out of content.
lol I still dont get why devtome is given shares when it is a bounty project.. I guess if there was
nothing else to spend on we could have made another devtome but maybr something to do with useful sourcecode.. if we gave more precedence to source we would get better output as a whole...
Imagine the number of writers as developers instead.. we would have the best wallet softwares and probably some new features other coins dont have.
I used to raise this situation to the community, and later we just double the other bounty (source admin etc.) and double and redouble again and again, to against the hugely increased devtome writers, but this won't solve the problem, since the devtome payout every round is almost half of all, and as a single bounty project, it's too high...
+1
Compensating for devtome is not the answer imo.. doubling source admin?? its only 1 share
Have any of you noticed the 508 errors on devtome? It is something like limited space... Is this an issue?
-AM
-AM
The site gets random attacks. You are just seeing the results of the heavier ones.
When will devtome be forced to buy devcoins to supply the dumpers?
Place your orders low, my man. And then wait for them to run out of content.
lol I still dont get why devtome is given shares when it is a bounty project.. I guess if there was
nothing else to spend on we could have made another devtome but maybr something to do with useful sourcecode.. if we gave more precedence to source we would get better output as a whole...
Imagine the number of writers as developers instead.. we would have the best wallet softwares and probably some new features other coins dont have.
I used to raise this situation to the community, and later we just double the other bounty (source admin etc.) and double and redouble again and again, to against the hugely increased devtome writers, but this won't solve the problem, since the devtome payout every round is almost half of all, and as a single bounty project, it's too high...
Have any of you noticed the 508 errors on devtome? It is something like limited space... Is this an issue?
-AM
-AM
I am constantly buying low and selling high, I have offers at every satoshi of price both up and down, when I buy some I put them for sale higher and when I sell some I place a buy offer lower.
The goal is eventually to have a huge enough pile of buy offers that it could buy up all existing DeVCoins, thus assuring each and every one of them is worth at least one Satoshi.
Then to keep building too, so all are worth at least two Satoshis, all are worth at least 3 Satoshis and so on...
-MarkM-
Ok thanks The goal is eventually to have a huge enough pile of buy offers that it could buy up all existing DeVCoins, thus assuring each and every one of them is worth at least one Satoshi.
Then to keep building too, so all are worth at least two Satoshis, all are worth at least 3 Satoshis and so on...
-MarkM-
-AM
When will devtome be forced to buy devcoins to supply the dumpers?
Place your orders low, my man. And then wait for them to run out of content.
lol I still dont get why devtome is given shares when it is a bounty project.. I guess if there was
nothing else to spend on we could have made another devtome but maybr something to do with useful sourcecode.. if we gave more precedence to source we would get better output as a whole...
Imagine the number of writers as developers instead.. we would have the best wallet softwares and probably some new features other coins dont have.
When will devtome be forced to buy devcoins to supply the dumpers?
Place your orders low, my man. And then wait for them to run out of content.
When will devtome be forced to buy devcoins to supply the dumpers?
I am currently working on an exchange with low fees (less than 1/3 cryptsy) that will trade DVC/BTC. Let me know if you are looking for some info - we will be looking for investors soon once the site it up for touring.
I am constantly buying low and selling high, I have offers at every satoshi of price both up and down, when I buy some I put them for sale higher and when I sell some I place a buy offer lower.
The goal is eventually to have a huge enough pile of buy offers that it could buy up all existing DeVCoins, thus assuring each and every one of them is worth at least one Satoshi.
Then to keep building too, so all are worth at least two Satoshis, all are worth at least 3 Satoshis and so on...
-MarkM-
The goal is eventually to have a huge enough pile of buy offers that it could buy up all existing DeVCoins, thus assuring each and every one of them is worth at least one Satoshi.
Then to keep building too, so all are worth at least two Satoshis, all are worth at least 3 Satoshis and so on...
-MarkM-
There's crypto-trade and Tagcash (I can't get into it though) and Cryptsy (against LTC)
Another question I have... Is VirCurEx the only trading platform featuring devcoin? Is it the best?
Thanks,
-AM
Thanks,
-AM
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