[DVC]DevCoin - Official Thread - Moderated - page 385.

ronimacarroni

full member

Activity: 140

Merit: 100

Quote from: FinShaggy on September 20, 2013, 09:01:17 AM

Quote from: ronimacarroni on September 20, 2013, 08:58:15 AM

Quote from: FinShaggy on September 20, 2013, 08:50:56 AM

Quote from: ronimacarroni on September 20, 2013, 08:49:52 AM

Quote from: FinShaggy on September 20, 2013, 08:45:12 AM

Everyone says "Don't dump coins" but where is the alternative?

Well that's the point.
People hold on to their coins if they think they'll appreciate in value.
With devcoins you only lose value.
Still, their model of buying the coins back with their advertising revenue is clever.
Like I said they need to be more picky on who gets the shares.

They WON'T. You are holding it as if it is a collectors item, but it is a POKEMON CARD. It is only as valuable as you think it is OR as you work to make it.

well if cryptocurrencies are pokemon, think of it this way.
Bitcoins is mew and devcoin is caterpie.

No. Bitcoin is not Pokemon cards. It has broken through to the major leagues, and is now a collectors item. Because of the number of stores, and even drugs that accept bitcoin, it has become something you can hold onto, and expect to go up in value.

hey you were the one who said cryptocurrencies were like pokemon cards.

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: ronimacarroni on September 20, 2013, 08:58:15 AM

Quote from: FinShaggy on September 20, 2013, 08:50:56 AM

Quote from: ronimacarroni on September 20, 2013, 08:49:52 AM

Quote from: FinShaggy on September 20, 2013, 08:45:12 AM

Everyone says "Don't dump coins" but where is the alternative?

Well that's the point.
People hold on to their coins if they think they'll appreciate in value.
With devcoins you only lose value.
Still, their model of buying the coins back with their advertising revenue is clever.
Like I said they need to be more picky on who gets the shares.

They WON'T. You are holding it as if it is a collectors item, but it is a POKEMON CARD. It is only as valuable as you think it is OR as you work to make it.

well if cryptocurrencies are pokemon, think of it this way.
Bitcoins is mew and devcoin is caterpie.

No. Bitcoin is not Pokemon cards. It has broken through to the major leagues, and is now a collectors item. Because of the number of stores, and even drugs that accept bitcoin, it has become something you can hold onto, and expect to go up in value.

ronimacarroni

full member

Activity: 140

Merit: 100

Quote from: FinShaggy on September 20, 2013, 08:50:56 AM

Quote from: ronimacarroni on September 20, 2013, 08:49:52 AM

Quote from: FinShaggy on September 20, 2013, 08:45:12 AM

Everyone says "Don't dump coins" but where is the alternative?

Well that's the point.
People hold on to their coins if they think they'll appreciate in value.
With devcoins you only lose value.
Still, their model of buying the coins back with their advertising revenue is clever.
Like I said they need to be more picky on who gets the shares.

They WON'T. You are holding it as if it is a collectors item, but it is a POKEMON CARD. It is only as valuable as you think it is OR as you work to make it.

well if cryptocurrencies are pokemon, think of it this way.
Bitcoins is mew and devcoin is caterpie.

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: ronimacarroni on September 20, 2013, 08:49:52 AM

Quote from: FinShaggy on September 20, 2013, 08:45:12 AM

Everyone says "Don't dump coins" but where is the alternative?

Well that's the point.
People hold on to their coins if they think they'll appreciate in value.
With devcoins you only lose value.
Still, their model of buying the coins back with their advertising revenue is clever.
Like I said they need to be more picky on who gets the shares.

They WON'T. You are holding it as if it is a collectors item, but it is a POKEMON CARD. It is only as valuable as you think it is OR as you work to make it.

This coin is not magic based, it is development based.

ronimacarroni

full member

Activity: 140

Merit: 100

Quote from: FinShaggy on September 20, 2013, 08:45:12 AM

Everyone says "Don't dump coins" but where is the alternative?

Well that's the point.
People hold on to their coins if they think they'll appreciate in value.
With devcoins you only lose value.
Still, their model of buying the coins back with their advertising revenue is clever.
Like I said they need to be more picky on who gets the shares.

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: ronimacarroni on September 20, 2013, 08:42:16 AM

Quote from: FinShaggy on September 20, 2013, 08:39:45 AM

You Might Ask: "Well How Does Making Shops Raise the Value of Devcoins?"

Well... When people write for Devtome, they earn Coins correct... As of now, the only well known use for Devcoins is to sell them for Bitcoins. Period. Sure, we can advertise the bounty bonds better... But that is not the only thing we need to do. We need shops, because when people earn Devcoins, there needs to be a place for them to go besides Vircurex/MCXNow or any other exchange. If no one is willing to buy cheap Devcoins, and writers just keep putting up cheaper and cheaper Devcoins... Nothing is going to fix itself.

You have to make shops, so that people don't turn straight to the exchange with their coin.

Oh I know that.
But let's say you sold silver for devcoins.
What would you do with the devcoins?

Use them at Smeagol's shop and get books for the books store, or if the union exists by then. Sell 20% for under a penny, then set about 50% at a penny or more. And use the funds to buy more silver.

Right now the only option (if we pretend Smeagol's shop isn't there yet, since not everyone knows about it) is to go sell Devcoins for .0000003... That is the ONLY option.

Everyone says "Don't dump coins" but where is the alternative?

ronimacarroni

full member

Activity: 140

Merit: 100

Quote from: FinShaggy on September 20, 2013, 08:39:45 AM

You Might Ask: "Well How Does Making Shops Raise the Value of Devcoins?"

Well... When people write for Devtome, they earn Coins correct... As of now, the only well known use for Devcoins is to sell them for Bitcoins. Period. Sure, we can advertise the bounty bonds better... But that is not the only thing we need to do. We need shops, because when people earn Devcoins, there needs to be a place for them to go besides Vircurex/MCXNow or any other exchange. If no one is willing to buy cheap Devcoins, and writers just keep putting up cheaper and cheaper Devcoins... Nothing is going to fix itself.

You have to make shops, so that people don't turn straight to the exchange with their coin.

Oh I know that.
But let's say you sold silver for devcoins.
What would you do with the devcoins?

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: ronimacarroni on September 20, 2013, 08:37:46 AM

Fin you're fighting an uphill battle.
Blame the dev for not closing down the devtome until the price stabilizes and not being more picky on who gets the shares.
Not the buyers.

That is not a solution AT ALL. Shutting down Devtome would be WORSE than doing nothing.

Coins would still be made infinitely. But no new people would come to it.

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

You Might Ask: "Well How Does Making Shops Raise the Value of Devcoins?"

Well... When people write for Devtome, they earn Coins correct... As of now, the only well known use for Devcoins is to sell them for Bitcoins. Period. Sure, we can advertise the bounty bonds better... But that is not the only thing we need to do. We need shops, because when people earn Devcoins, there needs to be a place for them to go besides Vircurex/MCXNow or any other exchange. If no one is willing to buy cheap Devcoins, and writers (AND MINERS & ADMINS & CODERS) just keep putting up cheaper and cheaper Devcoins... Nothing is going to fix itself.

You have to make shops, so that people don't turn straight to the exchange with their coin.

ronimacarroni

full member

Activity: 140

Merit: 100

Fin you're fighting an uphill battle.
Blame the dev for not closing down the devtome until the price stabilizes and not being more picky on who gets the shares.
Not the buyers.

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: ronimacarroni on September 20, 2013, 08:27:41 AM

So what's your devcoion business fin? Cheesy

1. I haven't been here for 9 months

2. A Book store, I have over 36 books that will be for sale when I finish reading them (already read 3, so 39 total).

Plus, when I get paid for round 28, I am making the first ever DevSilver shop.

3. Writers Union (see first post of page)

ronimacarroni

full member

Activity: 140

Merit: 100

So what's your devcoion business fin? Cheesy

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

You guys get mad at people for writing, dumping and disappearing. But you aren't even actively "here" for the coin yourselves.

If you have been here for more than 9 months (enough time to create a human being), and don't have some kind of Devcoin business. What are you doing? (not developers, I understand the coin itself and Devtome are a task)

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

We also need to by advertising this as THE TIME TO BUY DEVCOIN. And if the price gets lower, we need to be LOUDER ABOUT IT.

Tell EVERYONE, buy low, sell high. And do it yourself also. If we can get enough people behind this philosophy (Buy low, sell high is the philosophy of ANY MARKET), we can make a thread announcing it, and as long as we support each other, the coin will benefit.

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: matt608 on September 20, 2013, 05:31:58 AM

The only way to permanently raise the value of DVC is to improve Devtome. I say we rank the articles each month by the number of unique page views. The bottom 50% don't earn anything. Simple.

This rewards good content while discouraging the bad, as well as encouraging people to promote their work. The good content will earn more than it used to, and less bad content will be produced, Devtome will be improved and the value of DVC will rise.

Not true. If EVERYONE dumping coins agreed that 80% of those coins had to sell for 1 penny. It would BE DONE TODAY.

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: meta.p02 on September 20, 2013, 04:35:39 AM

How realistic is it to aim for one penny per coin, with the sheer amount being produced? What is the worth of the words awarded the 180 million DVC produced every round? 1.8 million dollars?

It's not about what the current "value" of the coin is. If we are developing enough stuff, the coin will automatically go up in value.

matt608

hero member

Activity: 868

Merit: 1000

The only way to permanently raise the value of DVC is to improve Devtome. I say we rank the articles each month by the number of unique page views. The bottom 50% don't earn anything. Simple.

This rewards good content while discouraging the bad, as well as encouraging people to promote their work. The good content will earn more than it used to, and less bad content will be produced, Devtome will be improved and the value of DVC will rise.

meta.p02

full member

Activity: 196

Merit: 100

How realistic is it to aim for one penny per coin, with the sheer amount being produced? What is the worth of the words awarded the 180 million DVC produced every round? 1.8 million dollars?

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

I just want to make a general statement.

This coin is DESIGNED to inflate. No denying that. So the WORST thing you can do for this coin is not buy cheap ones, and sit on a wallet full of coins you earned for free.

That does NOTHING for Devcoin. There are an INFINITE number of coin being produced, so if you would like to see the value go up, you need to actively be working towards that as an individual. As well as attempting to work with others.

Would anyone want to start a writers union? We all agree that we will only sell 20% MAX of our coins below a penny. And we will buy as many coins as we can that are under a penny.

This will make the market rise and stabilize at one penny.

Divide and Conquer. But United, we can be strong.

There are only like 30 of us, it can't be that hard to round up 1/3 of us that want to make this coin better while earning more for your writing.

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

Quote from: wiser on September 19, 2013, 10:18:38 PM

Quote from: FinShaggy on September 19, 2013, 09:47:53 PM

That would be cool. And a thread with a poll to choose the project.

No need for a poll. Each donator would allocate which projects their funds went to.

Oh yeah, or that.

Topic: [DVC]DevCoin - Official Thread - Moderated - page 385. (Read 1058927 times)