Topic: [DVC]DevCoin - Official Thread - Moderated - page 422. (Read 1059181 times)

Well how many people have yet another 20 million to dump for a pittance?

At some point even 80,000 devtome words per cycle will be worth less than 20 million per cycle presumably even if it isn't already, so where are dumpers going to keep finding yet another 20 million to dump?

The entire minting is only enough for 9 such dumps a month, and if they continue to dump at lower and lower prices it is going to take less and less bitcoins to pick up each 20 million they dump.

I am sure someone will go like wow yet another 20 million devcoins for less than a bitcoin for the lot, sheesh why not, I'll take them...

Plus even though the dumping has started to make a dent in the prices shown in e.g. http://galaxies.mygamesonline.org/latestrates.inc notice that BTC rate is still at BTCrate=392005.28810379 there as I write, despite Vircurex showing offers of 1,470,588.23529412 per bitcoin (aka BTCrate=1470588.23529412).

Maybe if more people who use web based exchanges also used Torchat and I2P and various games and of course Open Transactions servers, arbitrage would close such gaps faster than has often been the case.

-MarkM-

I have no doubt. I welcome the lower price and we probably will be lower for a while until the community can come up with something interesting to catch an eye. Its going to get harder and harder to get lower.

If there was a marketplace that would but in the end if you believe in the idea you stick by it and work towards the ultimate goal. I saw the value and the chart looks interesting so i stick with it.

So you mean it should bounce back?

Its either coordinated by one person since the fontas pump at 200 or its the way price behaves on dvc. Usually when price sits on a wall too long you will see the wall get eaten up and price continues to sell.

This is what I said about knowing how to buy dvc
if you are a short term investor you do not place your entire order ina buy limit to try to get in at a better price. You should instigate a pump and follow through creating support along the way.

Wiser made a point that its irrelevant and it may be but at this point a series of pumps may be needed to get out of the basement. Thats how dvc price acts anyways... Havent seen a trial pump on dvc since i tried months ago.

Ahh, I see what you mean now. I think the pool is an excellent idea for sure; as long as it's converting like it should. There is someone here with a beta pool up that does the opposite (mines alts and converts in to BTC to pay out) so it's definitely doable.

I want a forum which welcomes all cryptocurrencies, and is better in some way than existing forums, to encourage people to post there. There are already alt crypto forums, but because they're not better than what already exists, few people are posting there.

The pool bounty is for a pool which would pay out more devcoins than a merged mining pool because it would convert bitcoins to devcoins, and sends them to someone. Since it would sell bitcoins and buy devcoins, it would raise the price of devcoins in proportion to the gross take and in proportion to the how much people who receive devcoins hold them. For example, if the pool was as big as the original Mainframe Mining Cooperative:
https://bitcointalksearch.org/topic/pool-closed-mainframe-mining-cooperative-24650

which at it's peak gave about 10 btc/month to developers, out of a total of then 200,000 btc/month generation, which today after block halving would be 5 btc/month. Assuming people receiving devcoins hold half, that would be a forced buying of 2.5 btc worth of devcoins per month.

But we have forums (devcointalk.org) and there are already MM pools (bitparking and a couple others)... I'm not following how increasing either of those will help considering they're already here, they just aren't being utilized as much as they should.

Yup. For example the pool bounty used to be 16 shares, after the last doubling it became 32. With a redoubling, it would go to 64.

All of these things help indirectly. The forum would make it easier to communicate and organize projects, the Open Transactions Client would make it easier to trade cryptocurrencies and stocks, the pool would convert bitcoins to devcoins, and Emfox's link faucet upgrade would increase the popularity of devtome.

I agree that we should also have bounties for selling stuff in devcoins. For the marketplace, gift cards would be a good thing to sell, especially the Amazon gift card:
http://www.btc4amazon.com/
http://www.itradebtc.com/

because it gives a way to buy a huge selection of products. Devcoin businesses can buy gift cards with bitcoins, and send them by email to customers, therefore avoiding fiat and shipping. Is anyone selling gift cards for devcoins already?

What does "redoubling the bounties" mean? Do you mean multiplying them by 2?

I think what we need more than any of those is some sort of marketplace... none of the things in the bounty area help give the currency some value, as they all still leave it with one use: trading in to BTC.

I suggest redoubling the bounties which have not been awarded even in part. This would redouble the bounties for the forum, the Open Transactions Client (for Grandmas), the pool:
www.devtome.com/doku.php?id=devcoin_bounty_now

and Emfox's link faucet upgrade. Any objections?

it's all in good fun and plus we need to get bitcoin back in good standing give a little slack ! (=

I wondered how long it would take for the web-based-exchanges' prices to start trickling through to http://galaxies.mygamesonline.org/plotdvc.html

That upward jag today in "prices denominated in DeVCoins" is the price of DeVCoins themselves finally starting to fall. Maybe some of those dirt cheap DeVCoins picked up in bulk have started to get sold off at the far higher prices these plots had been showing.

(Take a look at the actual prices the plots are plotting... TL;DR DeVCoins were worth triple or quadruple or more of the Vircurex price and are still worth multiple times the Vircurex price...)

-MarkM-

That'd be nice... around 20 million more were dumped today. The price had almost bounced back to normal yesterday after the massive 50+ mil in dumps. I'm hoping it'll bounce back after this one too...

Just as a note, yes I'm still involved, yes I will edit my easter eggs on devtome -- and go devcoin! Please stop selling so much at once, despite being in hospital, I have been watching the market.

The round 25 marketing earnings are pasted below and at:
https://raw.github.com/Unthinkingbit/charity/master/marketing_earnings_25.csv

Alex0909,1Mgvwf4B1VFWKyT91tYnRVPqpTv4ddrfVT,1/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Alex0909)
Alyssa85,1ERn5JRTm5P47LzhiLCbKtduwj9M3cPE81,1/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Alyssa85)
Ashleysly,1Mdu9MbAEsUm81NzEPQR7GCkUxbG39pWMy,1/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Ashleysly)
CryptoAddicto,1DKhy7jj8oB53iGZYrWzDSfcVoKHjsuxaa,7/5-Marketing(http://devtome.com/doku.php?id=wiki:user:CryptoAddicto)
Emfox,1Emfox1WswYcd2YucUskRzqfRWKkcm1Jut,34/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Emfox)
Emilianoz,1EykDePNj9311jvwcUaZczCjNFQ6Ep1zmi,3/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Emilianoz)
Fheenix,1JvdsgxiJQYAJSE4Tjs3BWbXZk6Kw9mxnB,16/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Fheenix)
FuzzyBear,18xskifRMWUtMzbHSzQi7rEWF5upmktgF2,13/5-Marketing(http://devtome.com/doku.php?id=wiki:user:FuzzyBear)
Grc,1FxaZmCkaqkKxbBz52fNAMe9bRn2GoECvf,1/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Grc)
Icoin,18HfzUZXGA3FZ1BM8abEmjBT9Wg52qQ4Sr,3/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Icoin)
JackRussell,1CcWpm9HSqZwE96H3SeB7V1QGUhGHfxJh,2/5-Marketing(http://devtome.com/doku.php?id=wiki:user:JackRussell)
Jasinlee,1Ahu957fXXwhJ5LqmpxMFHVWwSQ7h4PkXb,21/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Jasinlee)
Knotwork,121Pb2BBrU7C61vBdWCKVuFFmaEZr6xFAX,6/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Knotwork)
Marticps,12UVr7jmrEitXQfzDPXAQ7etiVaa21p4iT,1/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Marticps)
Metazilla,1CJSRunQtPQsiZRK7vznyeCfyDTb2kxGA8,1/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Metazilla)
Raptorak,1ASdsZ1JUwtVXDfYBx7MRNMeHQ8J51pSRw,14/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Raptorak)
The_Goat_Master,1KGxe5my4BWjt9CExxPTWBRLVfdfeB6Ery,1/5-Marketing(http://devtome.com/doku.php?id=wiki:user:The_Goat_Master)
Twobits,13A2e3wX9MVMtP1JMxGFcbd2ZuSeVLe8uZ,8/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Twobits)
Unthinkingbit,17vec4jQGCzMEsTnivizHPaowE715tu2CB,6/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Unthinkingbit)
Weisoq,1Cy9e1Yuwboj63XRkMkT6W6YsGDtYDrsUp,2/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Weisoq)
Wiser,1LpoMowMPEVWk2LaJUdAUNaK7gBDRA1r7F,1/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Wiser)
Xchrix,13Q4drkP51gHsabCUXC5XPEBEUUYurMdvB,18/5-Marketing(http://devtome.com/doku.php?id=wiki:user:Xchrix)

Total payout is 161/5 = 32.2.

The earnings are generated by marketing.py:
https://raw.github.com/Unthinkingbit/charity/master/marketing.py

I'd like to toss out a thank-you to whoever is crashing DVC's prices. That's nice -- especially the person who sold out 20+ mil at once to the buy wall...

I really hope the prices start bouncing back. They're already down to below 70 SAT...

www.devtome.com - links on the left to sub pages

Is there a directory where I can see the published works