Topic: [DVC]DevCoin - Official Thread - Moderated - page 337. (Read 1059181 times)

Anyone can suggest a bounty, the majority of the bounties at:
www.devtome.com/doku.php?id=devcoin_bounty_now

were not started by me. The reason we don't have more bounties is because we didn't get any more suggestions that are useful, could be done for less than 5000$ and haven't already been done.

Note, people can only suggest two bounties per month, and the bounty description has to be at least 50 words.


Bounties were given out for the devcoin.org page, and a backup page. Bounties were given to vircurex and mcxnow for adding devcoin.

The bounty page is small, it takes less than ten minutes to read all the bounties, so there's no need yet for a bounty hub. Eventually if we post many bounties, then that would be useful. The only known bug is the high ram consumption, and thanks to you Rsnel is now working on that. He would get at least 6 million coins from me for it and if people don't object, 48 shares for making the low ram version.

This is doable, and I want to people to see that devcoin is beating fiat. The btc/dvc ticker bounty ended up being about 18 hours of work, and it was grabbed very quickly, even before it was finalized. Since the bounties have been doubled at least once since then, I suggest 18 shares for a USD/DVC chart. Any objections or should changes be made?

New Devcoin video
https://www.youtube.com/watch?v=DQpwvhOab6k

I've put together a simple tool to keep track of the Devcoin price: http://dvc4giftcards.us/test/tickers.php

Any suggestions, just contact me.  I will be adding a feature in which you can add your own amount (like preev) soon, too!

You probably wouldn't pay them until the bounty is claimed (work is done).. and that payment would be over rounds and not at once so that someone wouldn't dump all at once. That means the developer needs to work in a timely manor or else it may get claimed by someone else. The idea is to let it become a market and let the market decide what price is being paid to what work instead of setting it and hoping it is "good enough" to attract a developer.

Yes if a developer chose a time when bounties were high and noone else did them, he could hit the jackpot but thats what the market is all about, it decides overbought/oversold conditions and as it matures it will grow and you woulndt see cases where bounties were high enough to let any one person hitting jackpots. From an investors perspective all they care is to look at the project technicals/fundamentals and risk:reward situation. If there is no reward (the current state of the project justifies the price) then there is no need for risk.

By efficiently allocating work per devcoin and letting the market decide we may get to a point where there is some risk taking going on because people would view that there is reward in the coin from a higher price. Right now it is not very efficient because ad revenue output is so low, hard to argue that any bounty that can be complete now is worth less than the ad output even though we had many writers writing before.

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.