Topic: [DVC]DevCoin - Official Thread - Moderated - page 420. (Read 1058927 times)

I have very mixed feelings about web wallets in general.   They remove a lot of the purpose of the distributed blockchain.  It also benefits the network to have people running the blockchain verifying software.  However,  if people want to have and use web wallets,  then someone should make them available.  I do know that I prefer to see DVC kept as far away from direct fiat exchange as possible. I would prefer to see more coin2coin only exchanges like mcxnow.


This is not true.  Aside from which , how do you pick which side of an arbitrage is the undervalued or overvalued side, the price has been more in line of a 33% variance for the actual  average price. Unfortunately the graph only shows peaks, which a one share sale can effect too much.  A few shares have gone at high prices, and the sell side of the order book of course shows that type of price.  However no one is filling them at those prices in general and buy orders get filled for much less then that. 



This would be good.... a bitmit like site for devcoins.

I think the website is another case of the downside of bounties.  A few people expressed interest in doing or helping with one, but what got put up was the first thing someone with access to the domain could rush up.

What it boils down to is that Devcoin and all things related to it (and I would say cryptocoins in general) need to be communicated to the non-geek audience in a language we can understand without being patronizing.  People who mess around with hardware and know how to write code tend to not necessarily be all that great on making a website that looks nice.  They also tend to not be very good writers in terms of being able to communicate the concepts in writing to a larger audience.

I'm working on a more developed article about this, but I think the real value of the stories and questions thread is not in generating made to order fiction, but in connecting the geniuses of the cryptoworld (those who start businesses but intend to raise funding through IPOs, those working on various bounty projects, etc.) with people like me who could write about them and communicate the features/benefits to a wider audience.  I can become knowledgeable enough to write about just about any subject if the one passionate about that subject is willing to take the time to tell me about the project and answer my questions (the interview process that freelance writers go through when they are writing a story) and have the attitude that no question is a stupid question.  Those are the people who need to be putting up bounties--the ones who have great ideas and are working on amazing things but who for whatever reason are unable or unwilling to communicate in writing what they are doing to the world at large.  I know writing doesn't come easy to everyone.  Take Devda.ch, for example.  And this isn't meant to be a slam, but just something to help--the site is filled with pictures of stuff I have no idea what it is (other than it's computer related) with very little explanation, and absolutely NOTHING in the investor section.  That site needs content that average people can read and understand.  I (and other writers) can write that content as long as I'm given access to the people who are working on the projects.  And then so many more people can know what's going on and understand why it's so great and even possibly invest money in it.

Please do not spread false advertising around.   Are you complicit in this "$10 Devcoin" thing that has been on the devtome wiki for ages now, added by your former "promoter" FinShaggy?   I brought this false advertising to the attention of everybody on this forum, received assurances it would be removed, and guess what?  2 months later the false advertising is still there.  What other false items are on the wiki?   Where is the quality control?  I see NONE.

Get with it folks

The client needs the "latest bitcoin with mining as a secondary chain patches applied" thing that all merged mined coins need, since all of them need it it doesn't make a lot of sense for any of them to go ahead without doing that step first.

I did a bunch of the job already but then bitcoin updated again so I am not sure whether bitcoins latest update amounts to just another patch/pull to apply or would be better approached by starting over with latest bitcoin again applying the merged mine patches again.

Maybe once enough merged mined coins all decide they want to update they can each come up with a bounty to add to help encourage someone to make it happen. I unfortunately am so massively backlogged with other things I need to do that I only was able to apply the first few of the patches, basically the easiest ones to apply.

-MarkM-


EDIT: a DeVCoin gateway on Ripple would make for lots of liquidity but so far the only released code for such a gateway is said to not be production-quality yet plus of course one cannot yet run a rippled server since its code is also unavailable still. As to investments, the iphone and android apps for Open Transactions are not in the app-shops yet so most people have not gotten access to the various Open Transactions servers yet.

I was watching the relevant files for round 25 very closely, and I noticed the number of writer shares go up and down, so I know that some content that was published got deleted or whatever other quality control measures were practiced.  And in the end, round 25 turned out to promise way more earnings for those of us who did NOT run afoul of the quality control, like 3 to 4 times more than round 24.  I am convinced the difference is that there was much less quality control in round 24 than round 25.  Good job admins!

On another note, I saw some posts about the relative value of DVC compared to BTC.  For what it's worth, here are two things that would seriously increase the value of DVC in my eyes, and I'm probably not the only one who feels this way.

1.  A web based online wallet for DVC that has everything Coinbase has including the ability to buy/sell into dollars by direct linking to your regular fiat bank account.  What Coinbase does for BTC is give it liquidity.  I can buy or sell my BTC without having to go through an exchange.  Obviously not good for making lots of trades, but for what a normal person (who isn't a currency trader) needs it's more than adequate.  That kind of liquidity adds value to a currency and would do wonders for DVC if it had a Coinbase.  Maybe those here writing letters to people should ask the good people at CoinBase to consider developing a wallet for DVC.  They are a pretty responsive lot.

2.  More solid investments for DVC.  Right now the only place I know of where I can invest my DVC is on Cryptostocks and there are a few DVC denominated securities.  I've looked into all of them.  The ASCMDVCPT one is the best place for "growing" the number of Devcoins, as the dividend payouts are generous and the company behind the stock is rock solid (last I checked anyway).  However, the stock itself is overvalued--sells for 2 to 3 times as much as it should compared to the equivalent on BTCT.co, so it's limited in terms of how much you can buy into it, and at some point it's bound to correct.  Of the other securities, there's a DVC bond which will yield about a 3.65% return per year--at least it has some interest but 3.65% is like standing still compared to other stocks which have estimated returns of 20 to 50%.  The DVB stock is interesting but I do not understand how the fundamentals work (i.e., what's being bought and sold, how profits are made, etc.) and no one seems to want to explain them to me, at least not in a language I (a non-technical, non-miner, non-programmer) can understand.  There's another stock that seems to be based on some sort of multilevel scheme involving pyramining and it finally paid its first dividend and again I just don't understand it well enough to feel confident investing in it.  That's it.  We need more.  I'd like to see some solid companies offer shares that are denominated in DVC.  When they come on the scene I will happily buy.

Someone else mentioned this but I'll reiterate--a marketplace for DVC would be helpful.  If I can buy some of what I need and pay for it with DVC, even gift cards to places I like to shop, then that would definitely make my DVC more valuable.  

Selling DVC on eBay is a fast way to get your eBay and Paypal accounts banned and frozen.

I agree that we need a nice website though... even the pump-n-dump coins have good sites. And the client needs a workover as well, .

well, you can evaluate the customer service i agree, this is pityful.

I hope it does something. I've gotta be honest... just having the only response given as "no" is disheartening for a business. They could at least take the time to send a proper response, even if it's a pre-written one. This doesn't make me feel too confident about their company/website at all.

i know... i guess the admins have to forward the decision made above them. but i am pretty sure they also have to give statistics on the requests, and if "dvc adding" is ranking high, it might turn the dime... lets keep pushing every day!!!

Completely false. As of a couple weeks ago some of us have been given the job of ensuring that articles are up to quality standards. Multiple people have been removed from the payment list as a result or been declined, and many more have been contacted and have had to fix their articles or remove problematic ones.

Please do not spread false information around.

I got a response back from BTC-e already. Here it is in its entirety:

----
no

Ticket Details
Ticket ID: IDR-846-75570

Pretty sure I need the devcoin font...how awesome is that.  

I'm the kind of geek that thought the documentary Helvetica was interesting.  How many signs have you read today in Helvetica?

Pretty much - it's broad in terms of fiction and non-fiction, and opensource. Articles on cryptos generally are popular, so I suppose a prosepctive wiki of cryptos is one way of looking at it, eg. http://devtome.com/doku.php?id=e-currency

Sweet perhaps, but the system totally lacks any quality control.  You can put pretty much anything on devtome as "writing" and get shares for it.   It's a shame the project is failing in that regard.    

Yep...on paper first with a calculator handy.  Also noting the exchange fees and withdrawal fees would be wise.

Sweet...so I just pick a topic and write about it...sort of the Wiki of Cryptos in that regard!

Very nice...looks like I should dust off some of my hemp papers from my college course!

You don't have to write about devcoins. Have a look at www.devtome.com - work in progress but should give you a better idea.
On the dvc/ltc arbitrage - if you want to save some coin I recommend you run through it on paper first...

I just need to post more in the forums to get smart people to do the math for me more often!


Basically you just convert it three times to something different, if it comes back that you've lost money on a calculator...reverse the direction...if the spread is better than the fees for withdrawal and exchange transaction fees combined any overage is how much you will make by playing coin leap frog.

That would work, except 1.2m implies a dvc/btc of 0.00000083