[DVC]DevCoin - Official Thread - Moderated - page 383.

sidhujag

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Quote from: markm on September 20, 2013, 03:03:58 PM

Well maybe we can let the rich folk, the authors, prove this theory about how much they will benefit the community with the bitcoins or fiat they dumped their devcoins for.

We could suspend share payments to authors completely, since we already massively overpaid the entire devtome sector of our economy for quite a while now.

The stinking rich authors, using the proceeds of their dumping of their devcoins, will easily rake in enough wealth to pay for more authors if they feel that they need more authors in order to carry out their task of working on devtome, since they will have all kinds of income from the businesses they started plus also all kinds of income to share out that devtome earns from the ads on its pages...

-MarkM-

lol good idea... maybe there needs to be a tutorial typed up on how the price of this crypto would rise fall with authors in mind since it is unique to the crypto community. By using nice pictures and diagrams we can easily convey the message across all spectrum of people here from those who get it to those who need more time. Offer a bounty for this?

FinShaggy

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Quote from: markm on September 20, 2013, 03:03:58 PM

We could suspend share payments to authors completely, since we already massively overpaid the entire devtome sector of our economy for quite a while now.

I've only been involved for 2 rounds. 1 I wrote 64,000 words. 1 I wrote 13,000... And I came here before about half the authors.

So that is just plain NOT TRUE.

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Quote from: sidhujag on September 20, 2013, 03:02:12 PM

Quote from: FinShaggy on September 20, 2013, 02:58:52 PM

Quote from: sidhujag on September 20, 2013, 02:57:43 PM

but you've been saying these things for a long time

I started saying this about 2 weeks ago. You are fucking trolling.

You will be able to open a store up by selling your devcoin at these rates? Your bookstore too?

Yep. Just got over 20 Books in the mail, I am reading them and will write summaries to create my own book, and I will post the rough draft on Devtome. All purchased with my leftover devcoins from my first round in May, traded for BTC about two weeks ago at near current rates.

I have another 10-16 books on the way. And a list of over 350 books to buy. If I write over 80k words, my work should carry over and I should definitely make enough to be able to support a small silver store (for the small DVC community), and eventually it will grow as the DVC community grows.

Here's the books I have so far:

markm

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Well maybe we can let the rich folk, the authors, prove this theory about how much they will benefit the community with the bitcoins or fiat they dumped their devcoins for.

We could suspend share payments to authors completely, since we already massively overpaid the entire devtome sector of our economy for quite a while now.

The stinking rich authors, using the proceeds of their dumping of their devcoins, will easily rake in enough wealth to pay for more authors if they feel that they need more authors in order to carry out their task of working on devtome, since they will have all kinds of income from the businesses they started plus also all kinds of income to share out that devtome earns from the ads on its pages...

-MarkM-

FinShaggy

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My first post about Silver:
https://bitcointalksearch.org/topic/silver-293125
September 12, 2013, 08:35:03 PM

sidhujag

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Quote from: FinShaggy on September 20, 2013, 02:58:52 PM

Quote from: sidhujag on September 20, 2013, 02:57:43 PM

but you've been saying these things for a long time

I started saying this about 2 weeks ago. You are fucking trolling.

You will be able to open a store up by selling your devcoin at these rates? Your bookstore too? How long do you think it will take and what price do you think you will be at maybe 2 or 3x lower than here? You think everyone is like you that will spend their own cash upfront to open up stores when they see that the value keeps dropping? It will only happen if there are more buyers than sellers. How many sellers do we have? Who are the buyers? Only buyers I see are new people coming with cash/btc, and thats very few.

FinShaggy

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Quote from: sidhujag on September 20, 2013, 02:57:43 PM

but you've been saying these things for a long time

I started saying this about 2 weeks ago. You are fucking trolling.

FinShaggy

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People buy a lot of coins, the price goes up.
People sell a lot of coins, the price goes down.

People hoard, nothing happens. The other people need to be present 100x more than the hoarders.

sidhujag

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Quote from: FinShaggy on September 20, 2013, 02:50:34 PM

Quote from: sidhujag on September 20, 2013, 02:48:53 PM

Ofcourse they wold not dump but how are these things coming into to existance? Surely through the bounty program?

NO. I am starting the Book store AND the Silver store.

And I am someone who writes a lot, and in the past (one round I wrote in EVER) I sold my coins.

And I will need to sell more this round if I plan on starting a silver and book store.

Like I said you cannot account for the general population which are not in your situation because your use-case is quite different than most people here... like I said its great your into the project and I will be very happy when you DO open up your stores, but you've been saying these things for a long time and they never happened yet so I will be there the first day you do it to take back my words. Until then we don't have any stores and we have dumping. The general population will open stores if you offer them bounty.

Remember there are people coming in with cash to buy devcoin at these rates so by more people holding it directly correlates with upwards pressure on the coin and then a higher CAP whcih increases likelyhood that some of the bounties get taken up by willing participants and it becomes self-fulfilling at that point.

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Quote from: sidhujag on September 20, 2013, 02:54:29 PM

U still don't understand what incentive is lol try to google it. noone said anythign about force.

No, YOU go Google incentive. A coin that is for holding incentivises no one but hoarders. And hoarders are doing nothing for anyone but themselves.

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Quote from: markm on September 20, 2013, 02:53:41 PM

Quote from: FinShaggy on September 20, 2013, 02:47:35 PM

These stores do not and can not get started by people who are not selling coins. (unless they already have money)

Bullshit, you can start as a mail-order type of store, placing free ads on Kijiji, Craig's list, maybe even e-bay on days when they have make a free auction promotions. You don't need to rent a storefront aka website etc until you are making enough sales to justify such expenses.

And pray tell, is Ebay Devcoin friendly?
Do people on Craigslist have them?

And how am I buying these things to sell on these sites?

Please think before posting.

sidhujag

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Quote from: FinShaggy on September 20, 2013, 02:51:52 PM

Quote from: markm on September 20, 2013, 02:49:32 PM

So it is the fault of the dumpers - the people who do not hold their coins - that there are only a few people holding coins; it is not the fault of the few who do actually hold the few that they get.

I am not blaming you of anything. I am simply stating that if you FORCE people to hold coins, then that small group of holders will REMAIN the only people with coins, because NO ONE WILL JOIN.

Then Devcoin will DIE.

U still don't understand what incentive is lol try to google it. noone said anythign about force.

FinShaggy

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I simply stated that you WOULD get blamed for being a form of elite, as you were forced to sell out, and everyone else got shares that were no longer worth anything.

This is not a NOW thing, this is a "if".

markm

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Quote from: FinShaggy on September 20, 2013, 02:47:35 PM

These stores do not and can not get started by people who are not selling coins. (unless they already have money)

Bullshit, you can start as a mail-order type of store, placing free ads on Kijiji, Craig's list, maybe even e-bay on days when they have make a free auction promotions. You don't need to rent a storefront aka website etc until you are making enough sales to justify such expenses.

When someone sends you money for something, you buy that something at your supplier of that something and ship it to them, or have your supplier ship it to them (which is known as drop-shipping.)

-MarkM-

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Quote from: markm on September 20, 2013, 02:49:32 PM

So it is the fault of the dumpers - the people who do not hold their coins - that there are only a few people holding coins; it is not the fault of the few who do actually hold the few that they get.

I am not blaming you of anything. I am simply stating that if you FORCE people to hold coins, then that small group of holders will REMAIN the only people with coins, because NO ONE WILL JOIN.

Then Devcoin will DIE.

FinShaggy

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Quote from: sidhujag on September 20, 2013, 02:48:53 PM

Ofcourse they wold not dump but how are these things coming into to existance? Surely through the bounty program?

NO. I am starting the Book store AND the Silver store.

And I am someone who writes a lot, and in the past (one round I wrote in EVER) I sold my coins.

And I will need to sell more this round if I plan on starting a silver and book store.

markm

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Quote from: FinShaggy on September 20, 2013, 02:25:23 PM

2. Won't ever get anywhere, and eventually new people will stop coming. The INFINITE NUMBER OF COINS will continue to be produced, and your wallets will become worthless, and you will get blamed (since a small number of people are holding all the coins) for being the only ones profiting at the tops of the pyramid (and that's only if the coin doesn't die quickly), even though you won't really be making anything. You'll just be cashing out like Enron.

If the largest number of people - the authors (who also are the richest, the massively higher earning upper class) - dump their coins, then of course there will be only a (relatively) small number of people holding the coins.

By dumping your coins, that is, by not holding coins, you are decreasing the number of people holding coins.

So it is the fault of the dumpers - the people who do not hold their coins - that there are only a few people holding coins; it is not the fault of the few who do actually hold the few that they get.

Remember the authors get massively, insanely more coins than anyone else. They are the fat cats, the rich, the people raking in massive, insanely massive, paycheques.

The entire bitcoin development team makes like maybe 1/20th as much between the lot of them as one author who dumps 80k of his childhood writings or collates 240k of wikipedia articles into articles for devtome.

Similarly for the entire Open Transactions team.

So you, one of the stinking-rich, are the rich pig who is screwing all the small folk by dumping your rubles for imperialist capitalist bernankenpaper fiat!

-MarkM-

sidhujag

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Quote from: FinShaggy on September 20, 2013, 02:45:40 PM

Quote from: sidhujag on September 20, 2013, 02:40:30 PM

Do YOU know what incentive means?

Do YOU know what incentive means? We need a place to buy SILVER for DVC, we need a place to buy COMPUTERS for DVC, we need a place to buy GAMES with DVC, we need a place to buy BOOKS with DVC.

If we had these things (and they will only be made by people making a good amount of shares, selling coins to gain capital) DVC would THRIVE.

Imagine if we could say:

Come write for Devtome, (and instead of saying: You can sell the coins for BTC or hold them and HOPE) write to earn Devcoins, which can be exchanged for:
Amazon Gift Cards
Books
Silver
Video Games
Computer Parts
Computers

PEOPLE WOULDN'T DUMP ANY MORE

Ofcourse they wold not dump but how are these things coming into to existance? Surely through the bounty program? Isn't that tied to the CAP which seems to dwindle because of the writers selling off? You're probably one of few who are selling devcoin to try to save up to do some kind of supporting venture for devcoin itself... don't count yourself in the batch of average crypto users who need to see a reason to create such ventures with their own money. By offering a bounty that is what gets these thigns done. Its a cycle that you don't see. Maybe I can't explain it to you someone else should try to get through to you.

FinShaggy

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These stores do not and can not get started by people who are not selling coins. (unless they already have money)

FinShaggy

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Quote from: sidhujag on September 20, 2013, 02:40:30 PM

Do YOU know what incentive means?

Do YOU know what incentive means? We need a place to buy SILVER for DVC, we need a place to buy COMPUTERS for DVC, we need a place to buy GAMES with DVC, we need a place to buy BOOKS with DVC.

If we had these things (and they will only be made by people making a good amount of shares, selling coins to gain capital) DVC would THRIVE.

Imagine if we could say:

Come write for Devtome, (and instead of saying: You can sell the coins for BTC or hold them and HOPE) write to earn Devcoins, which can be exchanged for:
Amazon Gift Cards
Books
Silver
Video Games
Computer Parts
Computers

PEOPLE WOULDN'T DUMP ANY MORE

Topic: [DVC]DevCoin - Official Thread - Moderated - page 383. (Read 1059157 times)