Topic: [DVC]DevCoin - Official Thread - Moderated - page 329. (Read 1058949 times)

I dont know where the project strayed off interms of creating shares for writers but I believe the original intent was to support mainly developers not writers. I posted about this many times. Devtome was a bounty that really hijackdd the project by allowing it to be put on training wheels until ad revenue cans elf sustain writers.

correct me if im wrong but since devtome was a bounty it really should have nothing to do with devcoin internals.. Only connection it should have to devcoin is revenue from ads is purchased on market for devcoins and given to the writers essentially spurring economy. as more writers came in snd more ad revenue the more lucrative to write... If we wanted mAterial we could have always created bounties to get good material before it kicks off on its own.. Instead we put it on the reciever list and essentislly closed the doors to pay for actual development...

I think bounties were hard to manage so we already proposed solutions to this... But what I meant was shares per round that added bounty absolute payouts incrementally until developer comes along and does it.. At first it would allow some developers to come in and really make a killing but as it gets going the market will become efficient and not allow bounties to run up before someone comes in and does it... That way bounties are based on demand and supply rather than someone deciding how much its worth snd becomes obsolete as market changes...this way bounties will always scale to the current situation of devcoin and everything is relative not absolute. I proposed for now to reduce writer shares by half or third and the rest for bounties that we all agree are important.. Sooner or later they will be done and then the shares will start to allocate money for the next set of bounties taht we agree are to be done... At first helping devcoin project but later helping humanoty in general and finally creating a bounty exchange so people can pay devs in devcoins similar to workforcrypto.com (just Another bounty project). i envision that one day by allowing the bounty exchange to flourish that it will help the share allocation become efficient be since there would be competition which id healthy to devcoin in general. Im not sure what the thinking is for current structure.

Well silly me for registering another domain. I'll just point it at the current site unless someone can tell me a reason I might want to build another? Can we remove the damn bounty too if its taken care of?

There is a forum. Fuzzy created www.devcointalk.org but apparently the functionality isn't everything needed? I'm not sure about the issues with that vs coinzen vs other.

That's why the image compensation is so low, 10 words per image, because a computer can't determine the worth of an image, and I don't want people to just make a pointless image gallery. However, images related to the article do make it look better, and a rater can evaluate images and boost the rating if the images fit:
http://devtome.com/doku.php?id=devtome_rater#rating_method

Raters should consider images in their vote, the recommended weighting is 10%.

Scratch that, found it. Ok, now it just says "an SMF Forum with email." Does that mean with email-able notifications and such or a whole email server system for Devcoin users? Do I get to pick the domain? How do you all feel about or Devcointalk.com?

I've felt for awhile that this is of utmost importance to DVC, to get its own forum away from this one.

I'm willing to build and fund the initial Forum, but can't offer to moderate it 100%, will need help at that--probably of the original DVC admins?

Edit, OK, I have registered Devcointalk.com. I am going to order a VPS, pay for a year's worth and get the forum software set up.

RE-Edit: I found this site http://devcointalk.org/ Why does it not qualify for the bounty? Before I add another site to our list, someone tell me if I'm doing right or not...now I may have wasted a domain name...doh!

There's a link here: http://devtome.com/doku.php?id=devcoin_bounty_now

You mean shares or absolute amount of dvc? I'm with you on the market factor but the various share components aren't constants so it would be difficult for any natural market consenus to pin down a value on an unknown. I wasn't even getting into the general devtome/payment issue, as I think people know my view. Was only referring to the max(round).

Very few submit anywhere near 80k in a round, but this has a disproportionate effect on everything dvc (not just other writers, but also other writers). There's still no submission limit and I don't see the need for one, but everything above a lower-than-80 amount would still just get rolled to the next round as now. I don't know what the right number is but if a forum is 24-48, a feature animation is ~50 and a simple Open Transactions client is 96 then I'd say quite a bit lower than 80.

On Open Tansactions, has anyone actually tried installing it? Be interested to know what functionality exists. www.opentransactions.org

I would be willing to purchase a VPS and host this forum, is there a link to the requirements for it?

Personally i like the idea of themarket deciding price for work so assign shares to bounties until complete? Reduce shares per round to writers?

I think that while the max devtome per round payout is 80 shares per person it's difficult to justify building and implementing a forum as required for less than a third of that (but I do see your point on assumed payout at these prices). An alternative would be to adjust the maximum share per writer per round - it rolls over anyway so no net loss at stable prices, spreads out earnings and perhaps addresses some transiet dumping risk by keeping more skin in the game.

Spend your devcoins while they're surging!

http://gotdevcoin.tk/home.html

http://devtome.com/doku.php?id=where_to_spend_your_devcoins

Both sites have been recently updated with some new businesses, and more are coming!

I think the bounty is fine as it is right now. We're experiencing a huge surge in both DVC (over 100% boost so far and still going up) and BTC. As such, the value is already going up considerably.

The plan is to make the forum first, because it's impractical to work on many projects in one giant thread. I suggest doubling the forum bounties from 24 shares to 48 shares, any objections?

Once we have the forum, I think the easiest site would be a design site. Each object would have instructions on how to build it, and 3d (stl) and/or 2d (svg) design files. Text is easy to count, and relatively easy to check for plagiarism.

For the other sites, text descriptions will be required, because that will make it easier to stop plagiarism and give something to count. However, since most of the value would be in the artwork, which can't be automatically counted, it would be harder to determine earnings.


I don't think so, you can link to a youtube video.

A+ Welcome back!

There's a lot that's slowly changing with regards to the financial and real economy. Cryptos are frontrunning some of it, devcoin front runs more of it because it's building a base for equity entry that could simply appeal to a much larger pool of human capital and ideas, as well as effective equity financing (taking a stake). That doesn't imply perfection but things evolve. More visibility is good but I think on core principles people have to think things through for themselves. There's a difference between personally prefering/not a particular model and acknowledging the reflection of certain emerging trends within it/not. I believe the aspects we discuss will become better appreciated over time, and I'm patient.

Smeagol - cheers been helping out with stuff anyway so may as well do it properly.

+1 I think our discussion needs to be right on the front of "What is devcoin?" this will definetily put the seemingly awkward technicalities in perspective of real world applications and thus adoption for the future. Great post and if everyone coming to rhe project read our discussion the visiter to adopter rate would be massive!

Welcome back!

Nice. Give us a heads up when it's on or shares are offered.

Thanks notabot We're just finalizing getting the listing on CryptoStocks and our new PR deal - which means we can do even more for our clients. Exciting times and we're proud to be offering this DVC fund (I love Devcoin!) as part of the ride

Not a specific crypto perspective in the terms you're talking about - where issues such as network effect, mass psychology, market microstructure are playing a big part at the onset. But the issues you outline also relate to the monetary view. The reason I support Devcoin is not necessarily because it’s ‘ethical’ but because of all cryptos it (1) corresponds most to addressing balancing with the real economy and (2) therefore probably corresponds most to future working mass models of e-money where investors, earners and participants effectively take up equity (a share) rather than debt (deposits, lending to the bank).

Short of affecting a coin whose market cap could somehow dynamically adjust to all economic variables to maintain stability and use, the broad Devcoin model is the next best thing. Even if it was possible to maintain that first dynamic option on a local scale (by adjusting for factors such as money supply, circulation, velocity, birth/death etc), that’s pretty much impossible globally. Already the purchasing power parity aspect is very diverse with for example a Bitcoin, price moves and spendability meaning quite different things to say an American than to an Indian (i.e. there's no consideration in the model for locality and economic variables - there are pros and cons of this).

The reason this matters most is not really or only due to the competition or developments among various cryptos to date. It’s because e-money is coming to where you live regardless - central banking, private banking, governments, and people. There are going to be a lot of 'alts' so consideration needs to be made of the competing end(ish) games underlying the big experiment.

So ubiquity should be the goal. Price today is not the same as long-term value. It's quite possible for varying models to serve particular interests and markets but that won't necessarily translate to real mass adoption. Devcoin has the infrastructure and technicalities to progress to the general public. It’s the rate of growth - trending lower over time -  that matters, not the headline per period money supply - as that % of total obviously falls over time.

And on the issue of negative interest I think that's going to happen anyway so the possibility, and the consequent effects on competing alternatives should be considered, particularly in the context of currency, circulation and today's deposit banking model which is dying (been highlighting it for a while on devtome negative interest rate policy). I appreciate it might sound mental today but it's notable in the context of e-money and I’m not making a point on whether that’s good or bad, just a policy forecast.

The other issue is the debate over relative security and control. Particularly what the long-term effects might be for decentralised block chain currencies when an underlying incentive exists to control as much computational power devoted to mining as possible so long as my profit >0 (a dynamic perhaps more obvious with some alts). Devcoin is already merge-mined with Bitcoin, so any security concern is minimised versus others and there doesn’t need to be any conflict - both concepts working to achieve mutual benefit for the others and varying users.

tl;dr  
Frankly I think it all comes down to long-term stability, distribution and compensation. It’s a model like Devcoin that can achieve stability in the future, get currency out to the widest subset of the population, and as the projects/models are developed and decentralisation grows tie that all in with compensation for work in a cryptocurency beyond just miners - something (again like it or not) that could have mass appeal.