Topic: [DVC]DevCoin - Official Thread - Moderated - page 346. (Read 1059181 times)

Yes, I think Unthinkingbit will post everything then.

thanks markm for your insights, sidhujag, anicejewishboy. well, the best thing i can, or could do, as you said, to buy in to dvc now, if i had the ability. buy low, sell high, right.. even inspite of my doubts in the coin, what the heck can I else do?! again, i am not interrested selling at a huge loss, while btc is rocking like never before.
I have bought dvc, when btc was around 150 usd. so dvc proportionally went lower, then the way btc went upper. and during all these months a miriad of coins appeared, obviously part of this is the reason, that dvc is having less air. i mean, you can hardly keep track of the freakin zeros at the dvc price...
 i know, i am venting right now, and i wanna put a handle on this, and rationalize, that the idea behind it was still good, simply form a speculative point of view. I mean, the idea is, that btc is on a wave, right, and altcoins simply sit on that wave, and create the wave of their own. i can fairly see this with ltc happening anytime soon: the more cap btc has, the larger dollar amount speculators can put in any given altcoin. and it is a self-feeding process, with the hype.  btc is an "entry drug", and people still are looking for how to ride the wave within the wave.

and we have seen it: dvc has the ability, exatcly because of it extremly low relative value, to be pumped in a very visual way. on april 20nd it was at a high of 600(!) satoshis. i was actually stitting before my laptop when that pump happened, and tragically let that opportunity slip by, simply cause i thought, it wont stop, but it went away in 1 hour.
i am just very frustrated ,that i found this awesome investment of the whole crypto world, and i could make a lot of money, and instead, i must watch my investement loose value every day. (this is not perfectly true, i am also in other coins interrested, partly ltc, which is about to do just fine.)
lot of words, but still, i get, that stuff has to be done, in action, to change this.

this is why I am asking you all to post requests to gox, and btcchina to add DVC. pump n dumps can only happen between the coins that play out there on the field of exchange sites. It makes me still hopeful, that in june that mtgox operator spilled it, that dvc is going to be added. but i am also afraid that they might change their policy with the newer trends. so i ask you, to keep pushing this envelop, commit sending an email request every day, until its done.
mtgox
https://support.mtgox.com/anonymous_requests/new

btcchina
[email protected]

you name the rest.
any more insight to comfort me are really appreciated.

Someone needs to make one of these, but with a Devcoin holding up the Bitcoin, like Atlas does the Earth.
https://scontent-a-dfw.xx.fbcdn.net/hphotos-ash2/301954_101011673436252_1252180304_n.jpg

I have run the daemons on several machines for months on end, no problem.

-MarkM-

Come share your opinion
https://bitcointalksearch.org/topic/when-will-bitcoin-reach-1000-328203

RealSolid was complaining that the daemon kept crashing.

It will probably be posted in this thread at the end of the round...

Good point, and no. The 'bounty_29' file seems to have your admin details but there's no up to date devtome/other files. I don't know if something went wrong with the latest update, perhaps someone who does can explain.

The latest account file shows that I have 6.4 shares, plus my devtome earnings.

Are we still on round 28?

I don't know which particular file you need, but the daily cronjob output is here:
http://d.evco.in/charity/

so I'd guess admin earnings will show under latest 'account' file and share count under 'devtome'?

Sorry but could someone please answer?

Oh, I thought it was 113,000 even.

I believe it ends at block 113,300... so at this rate it seems maybe another day-and-a-half to go, give or a take a few hours.

The fact that its merge mined is a big win for dvc.. and as alt coins grow in general dvc will grow with it. I think Devcoin from here has the biggest potential for profit so it may be a good idea to buy more here to avg in at a lower price.. in relation to other coins dvc should be above a few thousand satoishi simply because the network is strong and we are in the top 10 market caps among all coins.. that is dvc is not lost amongst all the other new coins... I believe as the market matures people will see merged mined coins to be of higher status than not and pick those to invest. As soon as price starts to rise it should be exponential because as the cap grows so to do the possible higher cap requirement bounties that will grow more interest.

If the user base grows the coins become more precious and we may see one day $1 dvc you never know.

This round is over now yeah?

The price will come back up, it is falling for Bitcoin as it rises. Once Bitcoin stabilizes DVC will go up.

And even though you may get less coin for your DVC now, you are ultimately getting more money since Bitcoin is worth more now.

Same here.

My position has tended to be that the merged mined coins are ultimately a good bet simply because it is so trivially easy for miners to support them.

Most of the altcoins all have to divide up among them the hashing power that is available in the world, but the merged mined coins such as DeVCoin can all share the same massive bunch of hashing power so hopefully will long term be the most secure.

The thing about coins that never stop or even decrease the number of coins minted per block, such as DeVCoin and GRouPcoin and, I think, also CoiLedCoin and GeistGeld, is that in their second year the number of coins minted is 100% of what had previously existed, in their third year the number minted is 50% of what previously existed, in their fourth year the number minted is 33.33333333% of what previously existed and so on, that is to say it takes years for the new coins coming into existence in a given year to become a small fraction of the number already existing. Billions of DeVCoins already exist, but billions more are still being made. So it seems reasonable that it should take years from the time such coins are launched until their rate of inflation is low so we should expect that the first bunch of years people will dismiss them as printing way too many coins per year.

Take some comfort in the fact that at least some people who hold billions of them are not dumping them, because they could totally clean out the buy offers any time but they have not done so. They are maybe even the very people who are buying as well as selling, like I do, to keep the coin liquid. I have offers on Vircurex at every possible price on both buy and sell sides except the gap in between buy and sell where the actual trading at a given moment is going on. Thus basically whenever anyone sells I am buying but also whenever anyone buys I am selling. I have a fixed amount on the exchange and it just keeps changing how much of it is in bitcoins and how much is in devcoins as the buying and selling goes back and forth.

I would suggest that unless you like the idea of doing that - sitting on both sides of the gap between buys and sells, to profit on either direction - you simply forget about your DeVCoins until you hear they have gone back up above 200 satoshis each, or maybe 200 satoshis adjusted for bitcoin value increase since back when above 200 was the reasonable level bitcoins themselves were only worth $100 or less.

Looking at how much bitcoins have been going up, it has looked to me like maybe devcoins were actually being carried up with them to some extent, that is, devcoins haven't seemed offhand to me to be dropping relative to bitcoin as fast as bitcoin has been going up relative to fiat currencies. Is that not lately the case? Maybe I had the wrong impression.

I consider the times when DeVCoin is low to be great times to be buying, because I am confident they will go back up eventually.

When you bought for 250 satoshis per devcoin, how many dollars were bitcoins worth?

If you buy more devcoins while they are cheap, your average price paid per devcoin will become lower than 250 the more you buy the lower!

I suggest not directly/instantly buying or selling "accepting the market price" but instead pick the price you want to buy or sell at put your offer there and sit back waiting for someone someday to take you up on your offer, instead of being the impatient side of the trade accepting some offer someone else already has in place. (Assuming a somewhat trusted exchange such as Vircurex that historically has always made good to its customers any time it took losses from hacks etc, of course, so you can feel reasonably confident leaving coins on the exchange waiting for your offer to be taken up by someone.)

-MarkM-

i am getting anxious about the price of dvc. i have made a major investment in it, when it was .0025 microBTC. now the price is less then the tenth and conctantly falling. can you give me some glimpse of hope, that this trend will turn? As much as I understand of the concept of the coin, it is a great one, serving people. But com'on, this is so annoying. I can't do anything but hold on to my coins, to sell them is a suicide. I need some encouragement, please.

I now can't post Devtome links on Facebook...? Anyone have this experience? Looking through my old posts, my links to devtome now say "Attachment Unavailable. This attachment may have been removed or the person who shared it may not have permission to share it with you." And when trying to post a link to devtome, it says it is blocked for a security issue. No problems with links to anywhere else.....