Topic: [DVC]DevCoin - Official Thread - Moderated - page 254. (Read 1059181 times)

It's still up 200% from what it was 2 months ago, I believe.

Devcoins are different to other crypto-currencies, as the way they're earned is a bit different. With normal cryptocurrencies, the cost of a bitcoin/litecoin etc is the electricity used to mine them, plus hardware capital recovery. With devcoins, the cost of mining is piggy-backed on bitcoin mining - it's almost nothing, but the cost of earning generational shares is rent, food, etc. People who earn devcoins are applying their creative output instead of a purely mechanized process (much more expensive), so it's natural to expect a steady draw of coins as people get paid for the open-source work they do, to pay for what they need to live, etc. The only long term inputs to the price, are; long term speculators, advertising revenue, and philanthropist injection, and combined they have to put in as much as people are taking out to keep the price steady at any rate. I think people should be free to withdraw their coins as they see fit, to pay for what they need to live (just as miners need to withdraw to mine another day). The spread strategy is a good one for personal gain, but the market cost comes in the form of resistance against a price rise, and a rising price is what attracts more developers, just like a rising price is what attracts more bitcoin miners.

In my opinion, there are only a few ways that devcoins will ever have of actually becoming valuable (for savers/holders/speculators):

 - The work that those earning devcoins do is impressive. Like seriously impressive enough for people to want to throw cash at it.
 - A large number of people make the effort to earn devcoins. More coins in more hands mean more market penetration, and more chance of impressive work being created.
 - Everyone talks about it and why they're different to all the other coins, attracting a crowd not typically or particularly interested in crypto-currency - this is key.

The last one is the big one, as the other two are partially linked to price. People need a point of difference to understand the importance of any product in a marketplace, and the devcoin angle is not an especially easy one to like when considering wealth storage, which is the going thing for most alt-coins. It's a terrible store of wealth! But it's a truly great idea for humankind. It's an actual, ethical currency that has a purpose beyond "mine and hold", so it's appeal actually has to reach a different set of people than those who are interested in bitcoin/altcoin mining/holding. Devcoins need to find the ears of wealthy people who think open source is vitally important to the future of humankind, because their input is what is essentially going to pay for it. Devcoins give people like this the mechanism to help every human. Advertising revenue will increase with quality of work.

So for now we're building the base through which the others that follow us will benefit, and I think realizing why devcoins are so different is key to it's success.

Where are you doing this and is it between DVC and BTC or LTC?

There is a page at http://www.devtome.com/doku.php?id=devtome_how_to_post_an_image which has info on how to create your own folder, link internally and externally, resize your displayed image, and align it right or left on the page.

There are 2 people in particular who I'd love for us to reach out to as a community as I think they are a perfect fit for Devcoin and just the slightest mention of Devcoin from them would surely cause a huge increase in awareness:

1) Richard Branson
2) Mark Shuttleworth of the Canonical Foundation (creators of Ubuntu)

They are both philanthropists, they've both been to space, Shuttleworth is like the personification of open source and Branson even just start accepting Bitcoin as payment for future space travels with his company. Talk about a perfect fit!

I don't really know the best way to approach them though - I'm just the web guy   I can certainly take some of the web content and prepare a powerpoint deck, but maybe there is someone among us with some experience in pitching ventures to big wigs like these guys?

DeVCoin price is actually quite high still, it had hovered around 30 Satoshis for a long time, a bit below, a bit above.

But periodically it skyrockets, last time all my sells through 193 Satoshis got bought, allowing me to reinforce my buys massively.

Now we are in the usual drop back down, eating up my buy offers, providing me DeVCoins to place back on the sell side. I have half a million DeVCoins for sale at each price all the way down to 63 Satoshis now.

Maybe this time we won't quite hit 30, we'll see. My buys get bigger and bigger down in the low range so might be able to gobble up all the dumping before it even gets as low as 30. I am looking forward to the next skyrocket though, maybe it will go over 200 on the next one...

-MarkM-

I'm coordinating the marketing / press of Devcoin at the moment with monthly ad campaigns and press releases (which perhaps is how Wired heard about us). The biggest outlets we've been on from these is The Wall Street Journal and Yahoo Finance.

I would like to give you 6 shares next month - for you to put the above into action.

Would you like to do it? And are there any objections from anyone here?

Cool! just a couple of articles such as this one could have people all over the place asking questions about Devcoins.

I think the lack of exposure of what Devcoin is and what it is about could easily be taken care of by the end of the year with some timely articles by a few major news outlets. Maybe an admin that is dedicated to being the media and/blog point-of-contact would be in order.

One of the easiest and cheapest ways to raise awareness of Devcoin would be to go the guest post route on financial blogs. If you check out the Money Crashers list of person finance blogs (below) many of them allow guest posts.

http://www.moneycrashers.com/top-personal-finance-blogs/

One would simply need to contact the owners of the blogs and ask if they can submit a unique article about Devcoins and/or Devtome. Most blogs are usually hungry for new contact and will gladly accept your offer as long as your request email doesn't look spammy. The key factor about guest posting is that the guest poster never has to pay money for it. The blog owner gets new (and free) content and the guest poster is allowed two or three links links back to their blog, Facebook page and/or a Wiki such as Devtome.


I am using my personal finance blog that I co-run with a couple of other people (below) as an example because most are set up in a similar fashion.

http://www.moneyandpotatoes.com

We have a write for us link across the top of the blog and we do get almost daily requests for guest blog posting. Unfortunately, the vast majority of the requests are of the spammy variety and they never get posted on the blog. However, we have had several valid ones that were published and they provided our blog with some good content.

The key to getting this accomplished would be someone having the ability to write about Devcoin/Devtome from several different angles and always coming up with what amounts to roughly 90% new content with each article.

It might also help to have a PDF type press packet that is tied to a domain so a link could be provided to the blog owners so that they can quickly and easily see what Devcoin is about.


~2 cents~

Bittzy78

 

Have it nice   No reason to rush anything.

Im sorry Nova, I didnt mean to be flippant, I do recognise the value in timely selling and buying, I just haven't gone there yet. I also think its important devcoins circulate in other ways in order to increase it's value, but that doesn't just mean cashing them out, it means passing them around in exchange for other things like paying coders who work on sites for me in devcoin instead of cash (and so on)

Domain Change / Server Migration is completed.

coinzen.org is up.

I have topic moderators to where I could put it in and it would be messy or I could take another day and have it nice.

Devcoin has been mentioned in a Wired article http://www.wired.co.uk/news/archive/2014-01/13/dogecoin-and-the-era-of-personal-currency

EDIT: Time to reopen the Devcoin page on Wikipedia - I can't believe they deleted it we had just as many refs as most of the other alt coins - what a joke!

Don't panic - this is crypto after all - we could be anywhere in 3 months 

I think that is right. Just try "./devcoind getinfo"


oops missed the file not found thing. sry... prolly won't work then.  Check your settings file in .devcoin/devcoin.conf and make sure everything is right in there.

I have them :-(

I would love to set up a good bot sometime for buying and selling, but I just haven't had the time to write one And getting one that is already built defeats the purpose of building it by hand to learn things Still though, I wouldn't mind and may still do it when I get more time.

Placing orders to buy low and sell high does not require actually sitting at the computer all day. With email notification of buys and sells from places like Vircurex it is easy to just log on and sell higher if it was a buy or buy lower if it was a sell. Keeping things in a reasonable spread is a way of adding stability to the market, following the approach MarkM has expounded upon in this thread.

Following that approach has allowed me to double some of my meager holdings in crypo.

Of course just to dump one's holdings is not a good thing for the market. My guess is that is what we may be seeing after share splits in DVC. If this is the case perhaps a scheme whereby the share allotments are spread out to individuals on a random basis, during the period between share splits, could be employed to help to stabilize the DVC values.

Otherwise one could take advantage of that dumping should my suspicions be correct.

- Nova

Not really much of a gambler, it was just the only thing I could find to spend my first DVC  on lol

Hah better play poker than lotto :p You are more likly to win poker game than this shitty lotto thing.

Meh, Im an artist, to me "day trading" is opening during business hours I regret little

Besides, no-one will let me play with my pennies, what can I get for 0.000005xxx cents? (US, its even more tragic in au!)

Shux Im no better in crypto land than I am in fiat-ville: when I did get 100 I promptly spent them on two lotto games I think I will fit the role of "circulator" since I'm not remotely interested in investor and without winning lotto I'll never be a miner and we need all 3 to really make this work (imo)

Right now it sounds ridiculous but after cryptocurrency adoption across the world it really can happen. Litecoin year ago was sold by 10 cents. We live in very interesting times and still 99.99% of population doesn't know anything about crypto. So it is our time to invest.