Topic: [DVC]DevCoin - Official Thread - Moderated - page 339. (Read 1058956 times)

Watch  both Vircurex and MCXnow. Buying coins from 1 exchange and selling them on the other can earn you money as well as help the movement of the DVC economy.

I have been looking at the movement through mtgox, cavirtex, vircurex, someone was trying to move the price up too quickly to 900.00, but didn't have the volume necessary to maintain the run, but so far the price is moving as expected according to available liquidity on the exchanges, too many exchanges to manipulate one so drastically... 900? come on! it was just moving past 500.00.

But the pace so far is sustainable... we have to observe the movement of altcoins.

litecoin has already had it's upsurge... but it has greater liquidity than fiat, so well see it move slowly but surely upwards.

so which altcoins are left? peercoin, namecoin, devcoin... these will have their upsurge soon,

http://coinmarketcap.com/

I'm going to be purchasing Devcoins as much as I can with my bitcoins... of course i'm going to hedge my bets only the coins I believe in.

we can definitely prosper from this, so... lets change the tempo.

I heard MarkM had some kick ass ideas up his sleeve, we don't need the details but I think a announcement on where we came from, where we are and where we are headed is called for, a Devcoin state of the union address, to let people know we are still here building what we believe in, and they can be part of this too, thanks to the low low price of Devcoin.

I'm going to write my first article on Devtome on this, hopefully I can put my best literary eloquence to good use.

I have been looking at the movement through mtgox, cavirtex, vircurex, someone was trying to move the price up too quickly to 900.00, but didn't have the volume necessary to maintain the run, but so far the price is moving as expected according to available liquidity on the exchanges, too many exchanges to manipulate one so drastically... 900? come on! it was just moving past 500.00.

But the pace so far is sustainable... we have to observe the movement of altcoins.

litecoin has already had it's upsurge... but it has greater liquidity than fiat, so well see it move slowly but surely upwards.

so which altcoins are left? peercoin, namecoin, devcoin... these will have their upsurge soon,

http://coinmarketcap.com/

I'm going to be purchasing Devcoins as much as I can with my bitcoins... of course i'm going to hedge my bets only the coins I believe in.

we can definitely prosper from this, so... lets change the tempo.

I heard MarkM had some kick ass ideas up his sleeve, we don't need the details but I think a announcement on where we came from, where we are and where we are headed is called for, a Devcoin state of the union address, to let people know we are still here building what we believe in, and they can be part of this too, thanks to the low low price of Devcoin.

I'm going to write my first article on Devtome on this, hopefully I can put my best literary eloquence to good use.

...
Each share is worth 487,804 devcoins.
...

HOLY FUCKING SHIT... These guys are going to need a few shares...

Look up:

Biological Teleportation. Not sure if it's online but if you turn on CSPAN-2 right now they are talking about it. (edit: never mind, literally just ended, just questions now)
Basically though, you can download a virus (like the flu) or a vaccine and you can print it out. They say they have insulin coming out already.

Then look up:

Digital Biological Converter, it's basically the 3D printer of life as we know it. We can now PRINT LIFE. They are working on printing bacteria and such soon.

And it all works by using blank cells and creating DNA in yeast. So It's actually EXTREMELY simple. As DNA is only made up of a few simple components, you don't even need lab grade shit.

what makes us think, that the btc price stabilization is around the corner to see? I am tempted to think that it will continue rise into the thousands'... just to f*ck with me personally.... :/

can somebody please help me with reality-checking of my speculation logic: relatively, the higher the btc price goes, understandeably the alts go down, as we see. lets say, I invested 1m usd in btc a year ago, and now its worth 10m. would I not see high probabilty in putting those 10m into low worth altcoins? when to buy, if not, when they are low? If an altcoin gets air, it has the chance of getting back to its even former price, lets say it 5-10x whats its worth now, by simply the pump excitement. i am not saying, that btc won't reach from now 5-10x its value of 2500-5,000 usd, but its much less likely to happen in a given time period, than it is for it to happen to alts.
in april, i kinda had this logic, to ride the wave in the wave, but was impatient to let btc soar into its real highs. when following this logic, i was consciously looking for the smallest valued coin, this is how i ended up with DVC to be honest. i thought, that the lower the value, the higher the capability to volatility. --> if dvc goes now from 18 satoshis to 36, its not making news headlines. but when btc goes from 450 to 900 usd (same ratio), that is news all over. see? I have this logic, that small alts have this amazing potential to soar, but still. what is missing? or am i totally on the wrong track here? thoughts please.

and one more thing: i am not exactly getting the full picture, i am learning, but i hear you say, that the business modell of dvc so far actually makes people dump their coins right away. if that is true, lets fix this dynamic urgently... that would be ridiculous.

can somebody please help me with reality-checking of my speculation logic: relatively, the higher the btc price goes, understandeably the alts go down, as we see. lets say, I invested 1m usd in btc a year ago, and now its worth 10m. would I not see high probabilty in putting those 10m into low worth altcoins? when to buy, if not, when they are low? If an altcoin gets air, it has the chance of getting back to its even former price, lets say it 5-10x whats its worth now, by simply the pump excitement. i am not saying, that btc won't reach from now 5-10x its value of 5000-10,000 usd, but its much less likely to happen in a given time period, than it is for it to happen to alts.
in april, i kinda had this logic, to ride the wave in the wave, but was impatient to let btc soar into its real highs. when following this logic, i was consciously looking for the smallest valued coin, this is how i ended up with DVC to be honest. i thought, that the lower the value, the higher the capability to volatility. --> if dvc goes now from 18 satoshis to 36, its not making news headlines. but when btc goes from 450 to 900 usd (same ratio), that is news all over. see? I have this logic, that small alts have this amazing potential to soar, but still. what is missing? or am i totally on the wrong track here? thoughts please.

and one more thing: i am not exactly getting the full picture, i am learning, but i hear you say, that the business modell of dvc so far actually makes people dump their coins right away. if that is true, lets fix this dynamic urgently... that would be ridiculous.

We can't predict when people will accomplish bounties, so it's impossible to put a fixed amount into bounties. However people overwhelmingly want more bounties, so we'll pay more. The bounties on the page:
http://www.devtome.com/doku.php?id=devcoin_bounty_now

were set when devcoin shares were worth around 15$ each. This round, because the huge increase in bitcoin price outweighed the decrease in btc/dvc price, and there were fewer words written, the share price will be around 40$, so all those bounties are worth more than double, which should be enough to get takers. Since the long term share price is 15$, it could go back down, so if the share price ever goes below 30$ I'll redouble bounty shares for anything that was not awarded.


Code has to be paid by what it does. There's no mechanical way of determining how much code is worth, it's going to be subjective. If people want, we could pay some projects on the share lists more:
https://raw.github.com/Unthinkingbit/charity/master/bitcoinshare.html
https://raw.github.com/Unthinkingbit/charity/master/devcoinshare.html

One way would be to make a rating system for projects, like we have for writers. It would have to be done by admins and people on the share lists also, because opening it up to everyone would make it easy to game:
http://devtome.com/doku.php?id=devtome_rater#subjectivity


We don't yet have the resources in money or admins to make other types of sites. We barely have enough to handle devtome now. If the bitcoin price keeps rising, we'll eventually have enough resources to make other sites.


People can start by adding the existing bounties, with links to the original on the devtome page, to workforcrypto.com and other places.

Bounties take time to administer, and in future, to market and post in other places. Smeagol handles business bounties, if anyone has an idea for a business bounty message him. For other bounties, I'll add the choice of bounty admin for the next admins, until then I'll keep awarding the non business bounties. People can always post a request for a bounty. I don't have the time to also post bounties on other sites, so people can do that on their own until we get a bounty admin.

For new bounties, following the rule that the largest bounty that can be funded is about 1% of the market capitalization of devcoin (around 500,000$ at the time of writing), that means bounties can only be up to 5,000$. That's for the most important stuff, regular projects will be less than that. We can't fund big projects yet.