Topic: [DVC]DevCoin - Official Thread - Moderated - page 426. (Read 1058927 times)

Lawyer,

You're talking about devcoin reaching $1 as if there's some fundamental analysis prerequisite behind all this.  Bitcoin has been very stable around $100, except for this current dip.

Can you do the same analysis for a worthless asset, like Bitcoin, with ZERO future cashflows, currently being valued at over $1 billion?  Can you do a present value (NPV) of Bitcoin's [ZERO] future cashflows and you can even use a high risk 25% discount rate.

Lol, you can use a 1,000% discount rate cause the answer will be the same, a net present value of ZERO, cause bitcoin has no cashflows even in the works.  This is literally like walking on water, yet educated people everywhere keep plugging in numbers as if they matter.  It's strange.

Just the same, if Bitcoin gets to $1,000, that means there's going to be an alt coin frenzy and by the same mechanics or exhuberance, devcoin can reach $1 which I'm aware of will be roughly $7-$9 billion market cap by next year.  And on the contrary, at least Devcoin has some sort of business plan and potential future cashflows, that's something Bitcoin hasn't even dreamt up yet.

It's all Utterly meaningless.  This is the same logic the media uses and wallstreet to say bitcoin will never get the ETF license.  I have 2 degrees and I think just like you and I see the fundamental flaws just like you but once in a while you have to look up at what's really going on in the world.  All of this has nothing to do with math or fundamental logic, but politics, power, society and the future.  

Good luck.

Just to be sure, we were supposed to edit our vote post and post the address there, correct? If so, done!

https://bitcointalksearch.org/topic/m.2633112

Also, can you please check for the last PM I sent you? Thanks!

Congratulations to Marticps!

First Prize: Marticps, 8 shares
Second Prize: Grc, 4 shares
Third Prize: Skull 88, 2 shares
Fourth Prize: Icoin, 1 share

The logo vote post is at:
https://bitcointalksearch.org/topic/m.2672418

All the devcoin voters will get 2/5 of a share for voting. Every other voter, with an activity of at least 50, will get half that if they post a devcoin address (which can be from a web wallet) in their vote post or signature. The csv vote file is at:
https://raw.github.com/Unthinkingbit/charity/master/logo_vote.csv

the Open Document Spreadsheet file, with the calculations, is at:
https://raw.github.com/Unthinkingbit/charity/master/logo_vote.ods

Volatility is the name of the game for another year or two.  If Bitcoin gets its own ETF then that will bring in many millions in various exchanges And also new investors. Eventually you get liquidity and less volatile swings. Until then just buy at these ridiculous lows cause if Bitocoin hits $1,000 next year then its very possible for Devcoin to see $1. 

There's a 1,000 to 1 ratio afterall so its very possible and if Bitcoin gets an ETF then I think $1,000 per bitcoin is almost a guarantee.

buy wall being eaten needs reenforcement.

Acs26, I'll delete my own right now.  I already deleted a couple today that were off topic-ish. I just don't like being attacked by some dude I don't even recognize and to be told I can't post anywhere on this entire forum.

Edit:  all cleaned up.  

He was never banned..


I think you're confused on what trolling is. However, was that really a way to address him?


Seriously guys? Bringing up the 'troll attack' again? I thought we straightened it out..


I don't anybody is currently a 'detriment' to the community. Though, as long as you guys flame each other you both are.
----

I find it amazing how long it takes a flame war to brew. I was just looking at posts yesterday, and today all of this is on the thread.

Will probably be deleting the posts later on. But I'm not sure yet.

Well, each time i encrypt my devcoin wallet i am unable to open the client on my mac...
Already deleted all files and backed up my wallet from my cold storage, it just not working sigh*

I dont know where the problem comes from, it launches but at a point it stops working, like if it cannot open the wallet

Imagine users get that problem and dont have a backup for their wallet file... Happily i do.

I get this error : EXCEPTION: NSt8ios_base7failureE       
CDataStream::read() : end of data       
bitcoin in AppInit()       

@Vlad2Vlad

i watched ur posts now for some time, after you have been "banned" from the dvc thread from spamming you now start posting ur useless and long posts over the hole btctalk forum, can you stop it? it annoys tons of ppls!

That would have been a good idea.  Wish I wouldn't had thought of it.  I did try my best to weave in some high speculative stocks into the story so hopefully that means they'll send it out to all of those stocks and their investors.  That's the best way to get massive distribution. 

Seeking alpha publishes on sites like Yahoo Finance and a number of others.  Your piece simply has to put enough work for those stocks to be pushed to those sites for those particular stocks. I tried my best but it wasn't easy as my focus was bitcoin, ETFs and Devcoin along with alt coins.

Mr. Ira, no disrespect but no one on the planet knows the true intent for Bitcoin and it is my opinion that Bitcoin will easily get that ETF license in which case you will be wrong and bitcoin will be a major investment vehicle.

But don't worry, all the "pros" on TV and on wallstreet say Bitcoin doesn't have a chance so what are the odds I'm correct?  

Well, given I've been saying this is coming for the last 3 months I'd say my odds are 100%, but if you choose to listen to the "pros" then my odds are near zero.  So take your pick no sit back and watch.  The difference between me and the other guys is that I look at the big picture while they can't analyze a simple cloud without their minds trapped inside a book.  

And that is the sad part about higher education - it tends to blind those who get it.

Either way, good luck to you, sir.

Shalom,

Vlad

works great ! thanks ! should be updated on the website!

So you spoke to Satoshi and you know his true function of bitcoin. Bitcoin is at it's core a way to transfer wealth between any two people that have a wallet. To say it isn't an investment vechicle isn't for you to decide. Maybe for you bitcoin isn't an investment vechicle for others it maybe.

Your site has no bitcoin projects http://www.duraspace.org/search/node/bitcoin. Also I went to one of the top universities in North America, and I have not heard about your site or program.

This person seems like they already bought 11 or so btc and flashed 20 btc but removed it so they prob spending about 35 to 50 btc at this price. Seems like a noob because he doesnt know how dvc works. Any wall in the bid book will get eaten up slowly but to create a pump is what will drive others to buy. The wall will give incentive to selloff a big chunk to someone whonjust got the coins. A pump would have them add or hold thinking its rising. That person is either greedy or doesnt know how to manage hos position. I did the opposite i created a pump earlier and price rose for 35% subsequently. Noone has made a substantial pump after mine. Ive only seen the occasional attempts
at a few btc in the buy book that gets eaten up slowly as price jist sits there waiting for sellers.

If ur smart u would buy half above market and then place half in the book in increments.

Good luck with the article 

How exactly are marketing shares allocated?  I'm thinking I may want to get in on that... eventually.

Thanks Ranlo and Stan Distortion!  That makes perfect sense  

Edit:  This brings up another question.


Would that also mean that anyone else who wants to buy DVC at 74 sat would have to wait until that entire order is filled before theirs gets filled?

So... if I really wanted to buy more DVC right now and I didn't want to wait, I'd have to put in an order to buy them at at least 75 sat?

The wall is what it's called simply because it's tough to get across. For that order to be taken down, someone has to buy the entire thing.

14+ BTC at 74 satoshi means that someone is offering up 14+ Bitcoins (14.00000000+) for DVC at a rate of 0.00000074 BTC per DVC.

For someone to buy at 73 sat would require people to sell almost 20 million DVC to the guy that is buying at 74 first, which is why it is a "wall."

I'm going to assume whoever is buying it is speculating that the price is going to go back up and they are going to profit off it.

Another opportunity to educate:  What does "creating a wall" mean?  And what do you mean by "14+ BTC sitting at 74 satoshi"?