Topic: [DVC]DevCoin - Official Thread - Moderated - page 383. (Read 1058927 times)

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.

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

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.

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.

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.

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.

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

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".

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-

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.

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.

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-

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.

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

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

Do YOU know what incentive means? Apply it in context and don't think that you are forced to hold your coins.. by applying incentive you are nudging people to hold which means for now you want people to stop putting selling pressure. So you're saying that majority of the dumpers are going back to cash to support the community somehow? give me a break! There are people like I said who see that the value is very low and are putting cash into dvc to acquire and hold... now that if price begins to rise we all benefit. As the cap increases the community can start to work on the bigger projects it needs to really start the ball rolling and its more of liek an exponential effect. There will be not development if you don't give the right incentive and at this time that is to hold, ofcourse they are not obliged to hold they can cash out (especially for those that are going back to cash so they can support the project future LOL only a select few doing that im sure).

There is a speculative market in cryptocurrencies you know? Which is the major driver for every crypto out there today. Not sure how you missed that. The amount of coins matters but its weighted with the price that is so low and oversold.

Might hurt the price of the coin haha have you looked at the chart? Which hurts more the dumping of writers which looks like the trickling effect you are talking about? or say a new rule that will try to fix the situation. Either way aren't we like 38 satoishi's above 0 which is like the lowest it can go anyway???

Think about this like the "Trickle Down Effect". Don't be the guys at the top holding everything, and sending your piss down.


You have to stimulate the economy. You have to pay the people under you (which right now is mainly writers), and you have to allow them to be capitalists as well. You can't call something "The Ethical Coin" and "Development coin" and tell people that they need to be hoarders to be a part of it, and they need to not sell coins to try to start their own business, because it might hurt the price of the coin... If the price goes down... BUY SOME COINS. Duh.

Ok, but you are acting like "the Market" is where Devcoin belongs. And you are acting like for some reason, if we all hold coins, someone is going to buy all the cheap coins (BUT NONE OF US WILL BE MAKING MONEY, SO WHO THE FUCK BUYS THEM AND WHY?) :

1. It can't really be considered DEV (Development) coin, it's just another alt-coin if we stomp on development and ask people not to use their coins to build other programs.

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.

At this point it will make them more valuable... as there will be less selling pressure... there are already people buying using cash because of the low value... but it is offset with the constant selling every round. Maybe in the long run when a marketplace pops up then yes you don't want to hold you want velocity of money but as of now holding better than selling.

HOLDING COINS DOES NOT MAKE THEM MORE VALUABLE
You are going to kill Devcoin slowly, like cigarettes. "Oh, it's fine. It's fine. It helps me cope with stress." BAM- Cancer.