Topic: [DVC]DevCoin - Official Thread - Moderated - page 337. (Read 1058949 times)

I think if more of us made YouTube videos for people to stumble into, we could cover a lot of these bases.

I don't feel like that is true enough. I feel like if more people knew they could earn money for inventing and coding it would just get done by less greedy people.

But doing both could also be beneficial.

At the moment shares are only allocated to "work done". So if a writer hasn't written anything in a round, they get nothing, and if a developer hasn't developed in a round, they get nothing. Not sure how it would work out if shares were allocated to developers for ongoing work which wasn't complete - room for abuse there for someone to string out the work indefinitely...

I think the shares allocated per development task completed could certainly be increased. But whether anyone would bother is another matter. The devcoin price has fallen back so much that even writers arn't bothering any more - the last round had only a few articles, mainly from a couple of newbies enthusiastically trying it out for the first time. So if a developer had chosen that moment to complete a lot of tasks, they'd have scooped the jackpot!

As to why the developers don't bother - Devcoin doesn't get much visibility in general. The only developers who know it exists date from a couple of years ago when this was one of the few alts out there. I suppose we could advertise for developers in the Project Development part of this forum - but the problem of people second guessing the price will remain. It's not possible to know in advance how much a "share" is worth - it could be 400,000 coins or it could be 100,000 coins, so even if you knew that you would be getting say 20 shares, it's anyone's guess a) how many coins you'd get and b) what those coins were worth in BTC. People who want "guarantees" don't mix well with the crypto world because it's all so up and down...

Merge mine or don't bother

All you have to do is increase the bounty per round and u will see them be completed regularily. This means share allocation is put on bounties.

Its like saying ad revenue is how devtome gets paid. How would you feel about that? All the writers get a share of the ad revenue based on the amount they write. This is kind of like the bounty system now.

Because writers are the only ones that do things ALL the time and are creating SEO content constantly. Bounties are completed RARELY.

Ex: I spent more time sharing than writing last month (for Devtome on National Novel Writing Month pages) and I only got 15 shares because I was not doing things directly for Devtome. Someone else just joined and got 55. They must have spent tons of time writing and sharing article links.

Thanks for clearing that up and it makes total sense why all shares
go to the writers. However ask yourself why this is the case? Why is it that there is no development going on? Advertisement? Im sure it has had the same scope as devtome. Maybe the fact that the static bounties were not taken up because they had to be worth more for someone to do it.. this is coupled with the fact that not many people knew about them.. however if the bounties were allocated shares every round until they were done I would say that we would have alot more development going on and more useful output from the project.

I guess what Im saying is that the bounties should not be static but based on a supply demand equilibrium. Supply being devcoin demand being amount of devcoin requested. As more supply is added each round demand will reach supply and bounty will be claimed. As more bounties get claimed visibility to the project will increase as well as marketing leverage to show others what has already been done. It should snowball from there. You have to agree that even though the floating bounty payout is decreasing work per dvc that it is still exponentially higher than the devtome work per dvc even with a rating system.


Devtome output is ad revenue and input is work for devcoin. While bounty output is increased awareness and usefulness in terms of something done for this or another project.

The problem is as price falls the bounty decreases in terms of usd or btc... so theres no incentive to do the work. Too much work for each dvc.. whereas writing gives too much dvc for work.. I have to agree with these other guys I dont know how you dont see it but the braincells must be affected for sure. Im not sure you fully grasp the concept of an economy.

That's not quite correct. There is no rule at all saying that all coins should go to the writers.

The total number of coins distributed per round is fixed, but how it is allocated is completely flexible.

So, when a lot of writers are writing but no-one is doing development, the coins go to writers, but when there is a lot of development, the share the writers get is less.

A simple example: if there are just 5 writers in a round each getting 10 shares and no developers have participated, each writer would get 20% of the distribution. But if there are just five writers each getting 10 shares and a developer has claimed bounties for 50 shares, then each writer gets 10% and the developer gets 50% of the distribution.

So to "fix" the problem, all that needs to happen is that the shares allocated per development task is increased. If you up-ed it to 100 shares per development task for example, the portion the writers get will immediately drop. I don't know how unthinkingbit decides how much each development is worth, but I don't think anyone would object if he raised the bounties for development.

The "problem" if you like is that developers arn't really bothering to claim their bounties for the list of tasks already out there, but writers are, which is why it seems so lop-sided.

Where can you see your ratings?

LOL LOL LOL

So you think paying THE SAME PEOPLE WHO ALWAYS DO CODING more money to do WHAT THEY ALREADY DO will make them want to... Do it faster?

We need MORE PEOPLE TO KNOW ABOUT THE BOUNTIES, NOT MORE MONEY IN THEM. If someone wants more money for bounties, they should start completing more, more often. there's the fucking incentive.

looks even better, ha? got it from another customer support agent on mtgox.

 
take that pic, and post it on twitter, hashtag it combined w #devcoin #bitcoin #litecoin #mtgox etc- you get it. create the hype, its a self-fulfilling prophesy.
write a request yourself EVERY day till its there:
https://support.mtgox.com/anonymous_requests/new

[email protected] 

I think the main issues are:

1.  Quality of content.
2.  Organisation of content in a sustainable aka profitable way.

From what I gather a content rating system has been added where admins vote on the quality of the writers work.  Can anyone confirm this is happening?  If so, that's a step in the right direction.

The second problem has to do with advertising.  Currently devtome is about everything under the sun, from fiction to non-fiction.  That makes it very difficult to find advertisers and/or advertising networks interested in advertising in Devtome, because the traffic to Devtome is highly un-targeted.  The traffic matches the content, so in other words, the people visiting Devtome are also interested in everything under the sun.  This is very bad for advertisers, who want targeted traffic, people who are interested in their specific product.  

Therefore, what is needed is a complete redesign of Devtome.  It should be separated into several different websites each with a niche topic.  This is also better for traffic, because Google search likes focused content too, not content that is about anything and everything.  Unfortunately the 'open source wiki' model just isn't good enough.  We need to compromise away from that ideal, and turn Devtome into a network of Devcoin powered websites, each with their own domain name and dismantle devtome, and publish the current Devtome content on the new network.  I'd be happy to go into a plan of this in more detail if others agree this should be done.  

Put simply, Devtome needs to be repackaged into something more spunky for readers, more effective for advertisers and more focued for the search engines.  We nee a marketable product before going on a huge marketing campaign.

(Edit:  I know about traffic and advertising because I used to work in SEO, I ran a blog network and sold it for over $20k)

Since I discovered devcoin, it has impressed me in it's simple yet beautiful concept. A coin that pays people to be creative in one form or the other. Unthinkingbit and the really great developers back in the old GrouPCoin thread have designed a  virtual currency that benefits the good of humanity. That is what impresses me.  It's not about premining, greed, or pump and dumps, it's about actually helping others out and making something out of nothing. Man I respect that. It's a rare thing and I admire Unthinkingbit for his vision. Everyone here has benefited from it at one point or another, or is about to. How cool is that.

Bitcoin is certainly looking like it is going mainstream. Attention will come to devcoin, you can be certain of that. But what will people think when they come here and see the thread full of whining and criticism. Not to mention low quality and/or inaccurate information. It is up to everyone here to project devcoin in a positive light. Has anyone thought about what potential investors will be researching? This thread for sure and what will be their conclusion? What would yours be if you were an outsider?

When devcoin has its moment in the spotlight, by design or chance, this thread and bickering can really set it back. I have faith in Unthinkingbit and his decisions. He does not do anything rashly and always fairly. He also appears to be very tolerant. Perhaps he was, or is, an English professor. That would explain the writing and the tolerance. But I speculate. What is certain is that he has his reasons for doing this.

I think we need to respect devcoin for what it is. It is not bitcoin, it does not have mass adoption, but it has persevered and carried on, and being merge mined it will carry on, and on, and on. And the payout of coins is much larger, so the value, although we all want it higher, is what it is at this point in time. Really if you want it higher, we have to raise the standards ourselves, starting here. We require unity and one message. Look at the devcoin motto - "From the Many One, From One the Source". Think about it for a bit.

Also all publicity is not good publicity. If it is not endorsed by the community, of what use is it? It detracts from the message that investors want to see. I read recently that an investment company bought $15 million of bitcoin. We only need a $100,000 investment to raise the price way above what it is at now. If something is attracting flak from within the community, it might be wise to consider removing it in the sake of unity. From the Many - One. One message, consistent = one community, solid. 

If (when/now?) bitcoin becomes a truly deflationary currency/commodity, and litecoin could well go the same way, attention could come to devcoin, as there is no market cap, and shouldn't be deflationary (although we can hope); would it not fit the bill for a currency of trade? The price fall measured against bitcoin is to be expected. Some one mentioned recently about a $USD/DVC chart, and that person was onto something. We can't measure it's value against bitcoin, it won't work.  We could measure it against litecoin, and there is information on that. Of course there is volatility, but you know what, it's not looking so bad!

If you feel you are getting too many coins, why not start your own bounty? It sounds like there is enough support, and how good would that publicity be? Devcoin, the coin that pays people, and the recipients follow the ideology themselves and create their own altruistic bounties. People could contribute to it, as is happening with the client. That would be something great and it's totally doable. And you could choose the project yourself.

I'll start a bounty right now, I have 300,000 devcoins to anyone who can create a $USD/DVC chart. It's ready to be claimed by the first person who can create a chart (similar to cryptocoincharts.info or cryptsy, vircurex, etc), just showing the $USD price per million devcoin, and being able to select by the day, month, year to date, and all time. I'll put another 100,000 devcoin into the bounty if it has a message below it that comes from the community. To get that message, I propose a friendly competition, posted on Devtome so all get earnings anyways, and I have another 100,000 for the message, as chosen by a poll in a thread, participated in only by current or past devcoin recipients. I'd really like to see that. It might well surprise us all. And anyone else can chip in if they choose.

No way to do bounties when all the coins are going to writers dont you get it? Why would anyone talk about them when the whole project has became oyt devtome? Ie how about a bounty about a website which gives devcoin info and a bounty hub and bug problem trackwr? What about a bounty to add devcoin to an exchange? Noone thinking about it because there is no incentive. Noone gets paid for it so why bother?

We need to make the change and market it as fresh exciting changes bringing ppl in. This is the perfect time to do it as new people are entering in waves from the rise in btc awareness.

You are placing too much value on everyone's work, when not everyone's work even brings people here. So you can't equate work put in, to value of the coin.

That will kill the coin.

Yes this is a great example of a list on the reciever file to represent reoccuring payments via shares and this makes sense to me. We are paying someone to fund domain names which is a reoccuring payment structure. In this sense a bounty may be released and taken up by someone willing to do so. It would probably be taken up fairly quickly. The bounty itself can be a reoccuring payment and it would make sense to put you on a share list that pays out certain shares commensurate the cost of funding domain names and/or VPS hosting. Right now we also have admins that are paid and we don't know what/how much work is being done to deserve payment. If it were public to everyone it would be great.

Some DVC should be allotted for this kind of stuff, either via Bounties or direct share allocation. I for example would be willing to fund domain names or VPS hosting for a year+ if I could be allocated additional shares for the task.

I've written to UnthinkingBit to review of the proposed changes and give his thoughts. Its been a few weeks since he got back to me and I have no idea if he is planning to but I pushed some ideas to him, some bad some good and maybe its a better idea to open them up to the public and have everyone's thoughts on them. I already went public in giving my idea of halving the writers subsidy, but maybe it should be even more drastic so we need a consensus on what the proportion should go to bounties, to admins (if any), to marketing, to devtome training wheels. Devtome should be able to support itself theoretically and writers would be paid based on revenue from ads, but there is not enough revenue to justify that anything will be written at all (maybe that's ok?) Once project starts rolling, revenue from ads increases and writers start to come in to? This would open up the entire alotment of the shares to bounties etc.

Anyways my proposal was to simply review the alotment of shares to devtome and to set up a bounty piggy bank which accrues value over time until someone claims the bounty with the work. Each bounty would have admin's allocated which get paid and marketing shares which also get paid. If that is not reasonable I ask Unthinkingbit please tell us why not, or what your thoughts are? With the new people coming into crypto, it would be good to do some nice marketing with a good change that we are all happy with to renew interest in such a great project!

Jag

The bounties should be used for this purpose, that means the writers earn less as a result. As bounties get completed price shoudl rise and writers will see more incentive to write quality materials. Price rising should give proper incentive to write instead of the other way around. Bounties get 45% of the generation shares will allow for a new website and marketing.