Topic: [DVC]DevCoin - Official Thread - Moderated - page 3. (Read 1058927 times)

The part about generational wealth is certainly relevant.

Don't keep thinking of DeVCoin "in isolation". It is part of a large family of coins.

At this point too too many coins have been abandoned, turning them into just scam cash-grabs in effect.

Our coins are not like that, and we have even reached out to salvage some that weren't initially part of our family, such as the first two scrypt coins that the litecoin followers callously abandoned and tried to "sweep under the rug", and the "science fiction themed" coins because science fiction themes fit the themes of the Galactic Milieu.

We should be focussing our support of free open source more tightly, favouring specifically initially the items of free open source that we actually use in our overall multiverse / metaverse projects, like all the coins themselves of course but also all the games we have been able to find a place (use) for so far and the minimal amounts of "glue" needed to fit them all together more conveniently.

We should have restricted the Wiki rewards to articles specifically about parts of that evolving multiverse / metaverse, things like people's experiences and strategies of getting themselves set up as powerful factions in the Milieu, suggestions for ways the components could be improved to work better together, heck even things like commentary on how best to interpret the various weights and measures and values and units within the various games to fit them all together well.

DeVCoin is still a "reserve currency" within the Milieu, and still almost the "unit of account" in the milieu too, the unit of value in which everything is by default shown in the Latest Rates include file still.

https://galaxies.mygamesonline.org/latestrates.inc

The Galactic Milieu deliberately locks coins up, taking them off the market, not just by having them all buy each other up for their Treasuries to increase their own calculated value but also by the policy of only tokenising half the coins on hand so that the other half can be used to buy back the tokens leaving the half that is tokenised still in cold storage "forever", still "backing" the tokens ready for their re-use. That is, we do not mint tokens "on the fly" as coins are "bailed in" and un-mint them as the coins they represent are "bailed out", rather we basically do not need to "bail out" the tokenised coins because we have enough additional coins to buy back the tokens while still leaving the tokenised coins locked away so the tokens are still "backed" even while they sit in our coffers ready to be re-used the next time someone wants to "bail in" some coins.

Thus there are two layers of tying up of coins to keep them from hitting the exchanges, being "dumped" to drive the spot prices on the exchanges down.

Admittedly there is still some "dumping" going on, partly because so many coins have been stolen so many times by "fly by night" exchanges, though by now hopefully we have already "bought back" most of those stolen coins.

Also of course upon initially launching onto a new token-platform such as Stellar, we do not have huge piles of its native coin with which to build the buy-sides of our trading-pairs; it takes time to sell enough of each coin on that platform to build a good strong buy-side denominated in that platform's native coin. That acts a bit like an "ICO", as while our buy-side is still small and weak we usually sell initially at bargain prices to build the buy-side more rapidly; basically as long as the price slots we are filling with buy-offers are low price we don't necessarily have to sell the coins at full price to fill them, just sell them at a higher price than we will be using the proceeds to make buy offers with. Currently the Stellar platform is still full of bargains as we are still a long way from having enough Stellar Lumens to build the buy-sides strongly and solidly up to the actual calculated values of the coins we are selling there.

(Calculated values are calculated by totalling the value of the coin's "Treasury" and dividing that total by the total number of the coin that has been minted.)

So this is very much a long long long term project.

We had earnings by loan interest long before "DeFi" became fashionable, implemented in our "Finance Corps" that anyone can buy "shares" of on the HORIZON platform.

We have had breeding of characters, combat enabled optionally between them, pretty much everything "Axie Infinity" provides just without the totally un-necessary use of a blockchain to do it, far too many things in recent years have stuck blockchains in where they are not needed. We could do that too but really blockchain is not always the best database to use for games.

Take a broader look at the canvas, DeVCoin is just one coin among many we are weaving together to make something much greater than just a sum of parts.

https://makemoney.knotwork.com/horizon/assets/

https://makemoney.knotwork.com/stellar/

https://makemoney.knotwork.com/

https://galacticmilieu.quora.com/

-MarkM-

Good
When do you plan to give dvc a clear place in crypto? Real use is still missing...
Could it become an every coin wrapper ... maybe in conjunction with timelock function?

--> dvc could become a sort of general long term coin custodian, considered the advantage of its long merge mined chain.
you could lock coins for years, enough to have your children grown up, protect against criminals and worries

 lock fee: 1 dvc (burned)

would it be possible to lock a nft into dvc blockchain for a certain amount of years? i guess yes

what if every piece of artistic production financed with dvc has a direct trace on dvc blockchain, and the reward is linked to use / visualization of it?

@develCuy would it be okay to send 0.8.9.0 the last Devcoin-Qt for Windows (64 bit) before Devcoin Core 22.x (only on windows for devs testing right now, sorry!)

win wallet dont load at all tons of build and source code errors...

You're a champion. All of this software is not only exciting it's working quite well the first time you let me compile the binaries! If only I had an android.... I will be getting one soon Just waiting for DISH Open-RAN 5G to come to my city

Hi sandboxsand, thanks for asking!

I'm updating Devcoin's AuxPow support. It required to remove most of Syscoin based code and replacing it for Namecoin's clean and stable implementation. You can watch progress over here: https://github.com/devcoin/core/tree/auxpow

Go for it Devcoin community!

- develCuy

hi everyone
any development lately?

Tokenize it with MarkM, send a PM, sell for XLM if you wanna dump. If you want BTC or LTC, "cash out" at FreieExchange.com (DVC/BTC) or FreiXLite.com (DVC/LTC).

June 6, 2022: Devcoin looking for a new social media marketing A-Team member. Get DVC shares for marketing Devcoin on our social media channels (Twitter, Facebook, here, elsewhere): https://twitter.com/_Devcoin/status/1533654288072953857

*BUMP*

June 16, 2022: Worried about this sudden 25% loss in BTC/USD "value"? Fear not, Devcoin founder markm (Mark Metson aka Knotwork) has answered some great questions a cryptocurrency investor/trader may have in these types of bear markets. The Galactic Milieu Quora "space" is updated regularly as a way for markm to address questions not only about the metaverse game, Galactic Milieu, but also to answer some of the most FAQs out there in relation to the current crypto markets:

https://galacticmilieu.quora.com/

Good work Mark!

*BUMP*

I have some old devcoin... can someone suggest where i can swap it ? ..
or cash it out or however the hell i can convert it to something .. lol... thanks!

LOL, like I told develCuy, I am not a rube, and all it takes is a lot of effort  to self teach and keep pursuing more knowledge of the technicals. I am prob just starting to understand this networks potential and I've been here 5-6 years trying my best to understand. Don't worry about technical this is the most complex system in human history.

As for Devcoin3 I would agree with you if I had not checked. Up until recently they had the DVC icon at the top left of the Devcoin3 page. The url still has the same path to /currencies/devcoin and I noticed now that the image has disappeared on the top left and some other is there that looks like >< if you click and save it, it has the same name as the Devcoin file that was there since the beginning - "7.png" was the name of the Devcoin icon in the top left and it remains. I think something changed it automatically, like a script execution or a chain reaction Either way, mysterious times!

I am not as technically adept as you Dan so I just run the wallet on windows OS. I will have to look into how to do this as as I have never used Linux before so it would certainly be interesting to try it.

Re: Devcoin3 , I wonder if maybe they mixed up the name and confused it with DEVCON3? Also noticed these re: having the number 3 added.
 
https://testnet.bscscan.com/token/0x09fe2bb265775c2299846f140844417c0861efe4
https://www.binance.com/bg/price/devcoin

Sounds good. We need to figure out who is merge mining Devcoin... and then let them know to upgrade too.

We need the majority of Devcoin network to support Segwit, including miners. Since those two conditions aren't met yet, all core 22.x nodes need to be updated with a later node in order to let them keep syncing with old nodes (that are still the majority).

Since the initial period of 3months-ish didn't work, I will double it to 6 months.

- develCuy

Exciting, of course. You can run Devcoin Core 22.x if you compile and run on Linux! We're past block 516000 and that is the block for SegWit activation. We need more nodes. So far the majority run Devcoin Core 22.x (5 peers and 29.4% or so of todays Devcoiners on the network - but I think we need more. @develCuy would know how many - I am unsure).

Here's the branch you can run to support this version: https://github.com/devcoin/core/tree/22.x

I don't quite remember how I set up 22.x ("Devcoin Core") on Ubuntu but I remember this Issue discussion helped me figure it out and I commented at the time I first started running it. Since then I keep a node running remotely 24/7 to support SegWit activation!

Discussion in "Issues": https://github.com/devcoin/core/issues/73
(cpsilent and develCuy's conversation was particularly helpful from early 2022)...

As for Coinmarketcap? Illuminati would know, me I am not one of those people but I did notice and have tweeted about it quite a bit. It's odd, but also kinda cool? Maybe Satoshi knows... =P

Any exciting news with Devcoin these days friends?


Guys any idea why Devcoin is named Devcoin3 on coinmarketcap or is this a mistake?

https://coinmarketcap.com/currencies/devcoin/  it appears as Devcoin3 so not sure why the number 3 is added?

It's a DVC obligation too.  

NO FAIR! I want invites! You sneaky A-Team higher-ups I corrected myself somewhat in answering an issue no one cared to take a stab at to promote how DVC did implement the btc-gateway. Hey at least I found the source code!!!

https://github.com/rippleFoundation/btc-gateway/issues/3

And as for its current status even I know that. It's on YET ANOTHER social trust network. And that's a good thing.

I know you're just playing me on this but I'll bite. Why don't you read this as to why DVC being on this network is a good thing

https://web.archive.org/web/20050118191951/http://practicalmetaphors.com/decentralizedcurrency.pdf

Emfox got us bootstrapped onto a very important network for our future and the gateway was a pioneer implementation, ser!

Edit (4/30/2022):

As I believe MarkM's Galactic Milieu economics and ruleset is truly sophisticated I introduced the "Economics" forum folks here on examples from Bitcoin's bootstrapping with Second Life but most explaining how Mark's economics, the treasuries system, and his data run inside a simulation are a good way to see if the subject of the topic can be achieved by first using it in a game with blockchain based currencies and real people connected to the internet using them as both real money in the physical world and in-game currencies as well. I argue there's enough real people on the internet that if you wanted to implement a one nation, one currency for the entire Earth at some point you could use a simulation with economics like mark has at a critical mass of users and then test if it would work in a "game" setting to get a pretty good idea if it would work in the physical "real" world.

Fact is we have real people doing real business on the computer and blockchain tokens are just as real if not more as a media of value transfer in multiple ways as PayPal.

My post: https://bitcointalksearch.org/topic/m.60013620

Just for the record, the DVC XRP token is here: https://xrpscan.com/account/r3gHXhK1pwZFG9ESiaosxjufEVQjwGuJUd and it has 26 trustlines at the moment. Since emfox is the issuer I would like to learn from him about its current status. In the case of Stellar tokens DVC and kDVC, Mark and me are actively supporting them.

- develCuy

How many Sybils does Vlad have?


Back your wallet.dat file up. If you have private keys not sure they will work in Devcoin Core 22.x because I have not "imported" mine yet since the 22.x version is still experimental and you should use caution with your devcoins. I would install only on a separate computer but if you only have one then maybe just backup everything from your last Devcoin instance and be aware that you may not be able to go back unless you use another PC to install Devcoin (0.8.x whatever) you currently use. If you have the ability to run Devcoin on two diff devices then try sending from 0.8.x to 22.x and if you receive DVC there then just leave your 22.x node running since a majority of 22.x will be needed to run SegWit etc at block 516000 next month.

If you're running Devcoin on Linux please upgrade to 22.x before block 516000. Still need a majority active for SegWit.


4/27/2022:

See you all on the Social Trust Networks and Internet of Value. We made it in before the network of value closed off. Thank you emfox. As regards to beating facebook to Galactic Milieu Metaverse and basket of currencies (treasuries system), thank you Mark.

https://bitcointalksearch.org/topic/ann-ripple-gateway-for-devcoin-alpha-testing-203977
https://twitter.com/DevOfDevcoinSt/status/1519391700002779136?s=20&t=aXkVELmb683fpeggSrKA3A
https://web.archive.org/web/20040603125108/http://www.practicalmetaphors.com/archives/000051.html
https://groups.google.com/g/rippleusers/c/1GsQzGv9Y14/m/6AkkPzOwq88J


See you on the Social Trust Networks.  Like Bitcoin, we are mined with Bitcoin. Devcoin is a currency and a network. And we're about to be realized on another network we exist on already, the Social Trust Network.

That's our value aside from the other networks and innovative platforms we're on, like Galactic Milieu (and Stellar, HORIZON, etc. Thank you mark and develCuy for your continued dedication. You are heroes of this project!):

https://tucker.liberty.me/bitcoin-and-misess-regression-theorem/



https://web.archive.org/web/20130607230823/http://ripple.d.evco.in/
V
V
V
https://xrplorer.com/transaction/96781A2703661977CD7D460D0D38AF1366D6A8B51498E80EF0084C8BFF96CEC5

As someone who hasn't synched their client or anything since like 2016, is there anything special we need to do before loading up the latest DVC client, or anything special we need to do with our coins as per the recent changes? I just have my old wallet files...

DeVCoin is on FreiExchange (DVC/BTC) and FreiXlite exchange (DVC/LTC).

It is also still in use in the Galactic Milieu, whose game-assets are on both the HORIZON and Stellar platforms.

See for example
https://stellar.expert/explorer/public/asset/DVC-GBHAQ252S4Z4AQOM4BWIRC3UHAOJIKCZQBUJGD336YH2O7W2NKRXMHA5

As a Galactic Milieu asset it also benefits from the Galactic Milieu's "treasuries" system, which was developed to provide the game(s) with a method of "price discovery" for its assets that does not depend upon not only having to be listed on markets but also having those markets be active enough, deep enough, liquid enough and high-volume enough for the game to reasonably be able to expect market-based "price discovery" and "efficient markets" as in plenty of active and rapid arbitrage between markets.

The "treasuries" system works sort of like the opposite of "coin market cap" calculations: instead of assuming that each and every coin minted is worth at any given moment whatever the current highest buy-offer on "spot markets" is offering per coin, the "treasuries" approach uses an "official treasury" for each treasury-based asset, adds up the total current value of each asset's "treasury" and divides the total value of the "treasury" by the number of coins/shares minted to compute a per-coin or per-share value.

See for example the history of values shown at http://galaxies.mygamesonline.org/indevcoins.html

( More tables and plots are linked to from http://galaxies.mygamesonline.org/digitalisassets.html )

These calculated values should, by design, fall short of the "fundamental" values of the assets for several reasons:

- They only count "reserve assets", a lot of assets that exist are not used in "treasuries" but still work toward the value of "treasury" assets, for example all the BTC and LTC sitting on FreiExchange and FreiXlite exchange as buy offers offering to buy DeVCoins are not counted as part of DeVCoin's "treasury" even though they are out in the world live directly supporting the value of DeVCoin.

- They do not count units of the asset itself toward the value of the asset. That is, even if DeVCoin held actual DeVCoins in its "treasury" the calculation of the total value of the treasury would not count them.

- The assets have "Slush fund" accounts as well as a "treasury" account, with a goal (still being worked toward in most cases but maybe even exceeded in other cases) of having at least as much value in their "slush funds" as there is in their "treasury".

- Virtual Real Estate is not a "reserve asset"; so all the virtual land, buildings, heck even military units and game-gold and starships and deathstars and so on and so on and so on (the kinds of things often represented nowadays using so-called "NFTs" (Non-Fungible Tokens)) a coin, nation, Corp or whatever might own does not count toward its "treasury".

We actually take a reverse approach toward virtual real-estate: even if we do end up using NFTs to represent some forms of virtual real-estate we tie up actual value and use the real-estate to represent it instead of taking the real estate itself (or its NFT representation) to be intrinsically valuable.

For example various buildings and businesses can be owned, but we do not use those themselves directly as collateral. Rather we do the opposite: we tie up coins or assets into abstract "collateral units" and allow "collateral units", whose value is computable as the value of the coins or assets bundled into that unit, to be represented in-game as some item of real-estate. The computed value is thus directly the value of the bundled assets, regardless of whether in any particular game or any game at all there is some building or shop or trading-hall or deathstar or planet or whatever that provides a graphic and/or playable representation of that bundle of assets.

This means that if someone wanted to make, for example, an NFT representing a million DeVCoins worth of some object in the game, they would need to bundle a million DeVCoins somehow "into" that NFT to provide its value.

That of course is basically the same thing we are doing with the assets themselves: their "treasury" is the "bundle" of assets we are bundling to provide the value for the "treasury based" asset.

Obviously each time more "stuff" is added to a "treasury" the value of that treasury's asset potentially increases; but its change in value also affects all the assets that hold some of that asset in their own "treasury", so we loop through all the treasury-based assets, calculating each one's value based on the latest value of all those that are contained in its "treasury", over and over and over again (it takes hours or sometimes even days for the calculation to converge) until a full loop through all the assets arrives at the same values (to eight-decimals accuracy) as the previous run through the entire loop. Thus the calculated value converges upon a set of values (the Latest Rates include-file) that works in all directions, that is, can be re-stated in terms of any of the assets, so you can compute all their values in terms of any of them. Whichever one the values of the others are expressed in (usually DeVCoin by default as it is usually the smallest value so provides the most accurate / least granular prices for all the others) will be shown as value 1.00000000 .

The original use of the Latest Rates include-file was by shell-scripts that automically placed buy/sell offers for the assets in terms of each other, basically offering to buy back each asset using various of the others. That was back in the days when we used the Open Transactions platform. Unfortunately we do not have easy command-line access to the HORIZON and Stellar platforms although Stellar does have a handy free open-source trading 'bot named Kelp that can be used to automate market-making on the Stellar platform so despite currently not having many Stellar Lumens to work with we have the beginnings of market-making versus XLM set up now for most of the assets that we have set up on the Stellar platform. It will probably take quite a while though to get the XLM prices of our assets on the Stellar platform up to where they should be unless some kind of venture-capitalists jump in with lots of Lumens for us to work with. The way the 'bots work, the prices offered by the 'bots will automatically go up as more Lumens are added by people buying the assets using Stellar Lumens.

A cute interesting fact is that we came up with this "bundle of assets" approach to providing value for a coin long long before Facebook proposed much the same idea for its own intended e-currency. Just as we were already working on this "metaverse" project long long before the mainstream "jumped on the bandwagon" and made metaverse suddenly fashionable.


-MarkM-