It also reminds me of chats last night in which after explaining that devtome is intended to cause devcoins to have value by using its ad revenue to buy devcoins I did not know what it planned to actually do with the devcoins it bought.
Maybe whatever devtome plans to do with the devcoins it buys with its ad revenue it could also do with windfall devcoins such as ones being returned by people who "overdrew" like in this case...
Regardless, what the heck is the plan as to what to do with bought devcoins once devtome ad revenue exists and it used to buy devcoins?
The ad devcoins are sent in proportion to the page views times the rating. It's in the "Advertising Portion" portion of a recent devtome file, like:
https://raw.github.com/Unthinkingbit/charity/master/devtome_30.csv
The amount of money is small, probably around 40 $/month lately, and it takes a while to do the multisend, so I'm going to ask Psybits and K1773R to only send it every two months, or maybe every three months, until revenue gets up to 1,000 $/month.
Maybe it should buy shares in a smart trading bot or something.
I don't know, Psybits converts the bitcoins to devcoins.
Basically I am spending 16+ hour days manually typing in on Vircurex offers at every satoshi of price, not just on devcoins (I already did them long ago) but now also on IXCoins and I0Coins and hey what the heck even on DOGE. In general I think it would be beneficial if all coins had offers at all possible prices, no empty satoshis of price inbetween.
I looked in Virturex FAQ for frequently asked questions about their API but didn't even see "do you even have an API" listed there.
But I think they do have one even if not active right now as I seem to recall having seen an announcement once upon time that they were disabling the API temporarily to fix something or something like that.
In general whichever exchange one ends up using, a tool for that exchange would be useful for doing this, as a lot of the price volatility on all exchanges on all coins is simple lazienss of people just posting one offer instead of spreading their offer across every possible price to ensure no gaps thus to smooth out changes in prices.
-MarkM-
I agree that it would be great to place a spread of orders. If someone finds an API call that does this, or finds a bot that already can do this I suggest 4 shares. If it turns out you need to modify or develop a bot to do this, 24 shares for coding. Any objections, or should something be changed?