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Topic: [DVC]DevCoin - Official Thread - Moderated - page 429. (Read 1058927 times)

legendary
Activity: 1806
Merit: 1029
I'll give it some thought.  What does the Ranlo Foundation do?  I mean besides make the monkey dance?

BTW, when I go thru your faucet rotator, I do input your address from time to time to help keep it alive.  Happy to do it.
legendary
Activity: 1988
Merit: 1007
Hey, my activity level went up.  Yay!  Small blessings.  Looks like today is going to be a good day Smiley

If your day goes well enough you can donate DVC to the Ranlo Foundation. I heard if you donate at least a million the monkey in my avatar dances! Could just be a rumor though...
legendary
Activity: 1806
Merit: 1029
Hey, my activity level went up.  Yay!  Small blessings.  Looks like today is going to be a good day Smiley
legendary
Activity: 1806
Merit: 1029
That shows the order in which shares are paid. So if your address shows up in row 18 and 37, you would be paid in block 96009 and 96038 (as the rows technically start with #10). The number of times you will find your address in the file depends on how many shares you earned.

Thanks, everyone.  Looks like I do have a few more blocks to wait out...  My understanding is it takes about ten minutes to get through one block.  Is that correct?  I've never sat there with a timer or anything.
legendary
Activity: 1988
Merit: 1007
..
Thanks, weisoq!  I think I can visualize this. So, is your place in line determined alphabetically? If that's the case, maybe I'd have done better by choosing Aardvark for a username LOL.
..

No. The lines are cut at a place which changes each round, furthermore at each even round number they are also reversed. From the getCutLines function in account.py:
https://raw.github.com/Unthinkingbit/charity/master/account.py

Quote
def getCutLines(cutLines, suffixNumber):
   """
The lines are cut at a different part of the list, so that a developer whose key starts with 1A does not get more on average over multiple rounds than a developer whose key starts with 1Z. This is done by cutting the list at an index which is the golden ratio times the round number, then modulo is used to keep it within the list bounds. It also reverses the list at every even round number, in case cutting is not enough to average pay over multiple rounds.
   """
   rotation = (float(suffixNumber) * globalGoldenRatio) % 1.0
   rotationIndex = int(math.floor(rotation * float(len(cutLines))))
   if suffixNumber % 2 == 0:
      cutLines.reverse()
   cutLines = cutLines[rotationIndex :] + cutLines[: rotationIndex]
   return cutLines


Ahh, just to clarify, was my statement on each line representing a single block correct, being that, for example, if your address is 5th in line you would be getting paid on the 5th block?
hero member
Activity: 935
Merit: 1015
..
Thanks, weisoq!  I think I can visualize this. So, is your place in line determined alphabetically? If that's the case, maybe I'd have done better by choosing Aardvark for a username LOL.
..

No. The lines are cut at a place which changes each round, furthermore at each even round number they are also reversed. From the getCutLines function in account.py:
https://raw.github.com/Unthinkingbit/charity/master/account.py

Quote
def getCutLines(cutLines, suffixNumber):
   """
The lines are cut at a different part of the list, so that a developer whose key starts with 1A does not get more on average over multiple rounds than a developer whose key starts with 1Z. This is done by cutting the list at an index which is the golden ratio times the round number, then modulo is used to keep it within the list bounds. It also reverses the list at every even round number, in case cutting is not enough to average pay over multiple rounds.
   """
   rotation = (float(suffixNumber) * globalGoldenRatio) % 1.0
   rotationIndex = int(math.floor(rotation * float(len(cutLines))))
   if suffixNumber % 2 == 0:
      cutLines.reverse()
   cutLines = cutLines[rotationIndex :] + cutLines[: rotationIndex]
   return cutLines
legendary
Activity: 1988
Merit: 1007
Payment is made as blocks are generated, so that means that if, for example there were 10 payees on the receiver list for round 24 with an equal number of shares...on block 96,000 45,000dvc are paid out to payee 1 (50,000 x 0.9 because 10% goes to miners), on block 96,001 45k dvc are paid out to payee 2 etc until it reaches payee 10, then after that goes back to payee 1 etc etc, so that means payment is in gradual increments of 45k dvc, the number of which in reality will depend on any person's share and the total number of shares (it's not always 45,000 - depends whether whole or half shares but principle is the same). When you receive newly generated blocks, they have to 'mature' by receiving 120 confirmations (bascially acquire enough confirmations to make sure they're legit). You won't have to wait too long and yes it is quite exciting when you get them.

Thanks, weisoq!  I think I can visualize this.  So, is your place in line determined alphabetically?  If that's the case, maybe I'd have done better by choosing Aardvark for a username LOL.  Not that place in line ultimately matters--call it first time jitters Wink

Read the receiver file I linked; it's all randomly generated. Ex. if you have 10 shares, there are like 1.3k lines so you may be at 3, 193, 438, 590, etc.
legendary
Activity: 1806
Merit: 1029
Payment is made as blocks are generated, so that means that if, for example there were 10 payees on the receiver list for round 24 with an equal number of shares...on block 96,000 45,000dvc are paid out to payee 1 (50,000 x 0.9 because 10% goes to miners), on block 96,001 45k dvc are paid out to payee 2 etc until it reaches payee 10, then after that goes back to payee 1 etc etc, so that means payment is in gradual increments of 45k dvc, the number of which in reality will depend on any person's share and the total number of shares (it's not always 45,000 - depends whether whole or half shares but principle is the same). When you receive newly generated blocks, they have to 'mature' by receiving 120 confirmations (bascially acquire enough confirmations to make sure they're legit). You won't have to wait too long and yes it is quite exciting when you get them.

Thanks, weisoq!  I think I can visualize this.  So, is your place in line determined alphabetically?  If that's the case, maybe I'd have done better by choosing Aardvark for a username LOL.  Not that place in line ultimately matters--call it first time jitters Wink
legendary
Activity: 1988
Merit: 1007
On another note...

It is July 3rd and we have hit block 96,000.  What should I expect in terms of payments for Devtome Round 24?

I'm curious how this all works on the payment end, and admittedly a bit excited too Smiley

EDIT:  I understand how payments are figured out.  When will I see them in my wallet?
Payment is made as blocks are generated, so that means that if, for example there were 10 payees on the receiver list for round 24 with an equal number of shares...on block 96,000 45,000dvc are paid out to payee 1 (50,000 x 0.9 because 10% goes to miners), on block 96,001 45k dvc are paid out to payee 2 etc until it reaches payee 10, then after that goes back to payee 1 etc etc, so that means payment is in gradual increments of 45k dvc, the number of which in reality will depend on any person's share and the total number of shares (it's not always 45,000 - depends whether whole or half shares but principle is the same). When you receive newly generated blocks, they have to 'mature' by receiving 120 confirmations (bascially acquire enough confirmations to make sure they're legit). You won't have to wait too long and yes it is quite exciting when you get them.

To add on, download this file:

http://devtome.com/files/receiver_24.csv

That shows the order in which shares are paid. So if your address shows up in row 18 and 37, you would be paid in block 96009 and 96038 (as the rows technically start with #10). The number of times you will find your address in the file depends on how many shares you earned.
hero member
Activity: 720
Merit: 500
On another note...

It is July 3rd and we have hit block 96,000.  What should I expect in terms of payments for Devtome Round 24?

I'm curious how this all works on the payment end, and admittedly a bit excited too Smiley

EDIT:  I understand how payments are figured out.  When will I see them in my wallet?
Payment is made as blocks are generated, so that means that if, for example there were 10 payees on the receiver list for round 24 with an equal number of shares...on block 96,000 45,000dvc are paid out to payee 1 (50,000 x 0.9 because 10% goes to miners), on block 96,001 45k dvc are paid out to payee 2 etc until it reaches payee 10, then after that goes back to payee 1 etc etc, so that means payment is in gradual increments of 45k dvc, the number of which in reality will depend on any person's share and the total number of shares (it's not always 45,000 - depends whether whole/half/fifth shares etc but principle is the same). When you receive newly generated blocks, they have to 'mature' by receiving 120 confirmations (bascially acquire enough confirmations to make sure they're legit). You won't have to wait too long and yes it is quite exciting when you get them.
legendary
Activity: 1806
Merit: 1029
On another note...

It is July 3rd and we have hit block 96,000.  What should I expect in terms of payments for Devtome Round 24?

I'm curious how this all works on the payment end, and admittedly a bit excited too Smiley

EDIT:  I understand how payments are figured out.  When will I see them in my wallet?
hero member
Activity: 720
Merit: 500
Each individual Open Transactions server has as part of its own markets system historical records of trades, although on my server we several times deleted all that in the course of upgrading the software.

Unfortunately though the vast majority of trade so far tends to be simple private deals between nations corps etc; the market maker scripts system we had running to do load testing and such eventaully stopped being used although we still have the scripts so if the principles do want to turn them on again that can be done.

-MarkM-
Fair enough. Here's someone hoping they do get turned on again some day. Interesting price diferentials.
legendary
Activity: 2940
Merit: 1090
are there still plans for an open transactions for grannies - or idiots like me - and/or any way to gauge asset volumes at price, as well as prices on OT even if it's view-only?

http://galaxies.mygamesonline.org/digitalisassets.html

-MarkM-

Thanks mark got that, no volume info/transaction history? (Vlad, this is what I was referring and long term plans or ideas I've read and listened about to enable dummies to access and use open transactions. I can't really go into more detail without just cutting and pasting other links to OT as I'm still learning about it).

Each individual Open Transactions server has as part of its own markets system historical records of trades, although on my server we several times deleted all that in the course of upgrading the software.

Unfortunately though the vast majority of trade so far tends to be simple private deals between nations corps etc; the market maker scripts system we had running to do load testing and such eventually stopped being used although we still have the scripts so if the principles do want to turn them on again that can be done.

-MarkM-
legendary
Activity: 1498
Merit: 1000
Bitcoin going to wallstreet and then soon MainStreet.  Like I've been saying since I got here, alternative coins are gonna sky rocket as soon as bitcoin goes mainstream which should be by next year.

Uhmm bitcoins are in the process of going mainstream and their really isn't a set date, you can't predict those things. I really doubt that alt coins will take off, they will have an even harder up hill battle, many people in bitcoins don't see alt coins as anything different than bitcoins. So yeah alt coins going mainstream is probably not going to happen for a couple years.

If bitcoin gets an ETF then soon there will be an alt currency ETF which will bring billions in fresh speculative dollar investments.  I've been saying all along its all gonna blow up bigger than the dot com bubble and now that I see this ETF news I'm even more convinced.  I didn't expect an ETF so soon, this is actually moving faster than even I thought.

Their won't be an alt currency ETF, they take a lot to get started, and many alt coins are way to young for it. You also need someone powerful and has an army of lawyer and a lot of money to even get to a position to start an ETF.
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
Bitcoin going to wallstreet and then soon MainStreet.  Like I've been saying since I got here, alternative coins are gonna sky rocket as soon as bitcoin goes mainstream which should be by next year.


ETF for Bitcoin coming which will change the whole idea of alt coins which will bring in the masses and wallstreet.  Hang on, it's gonna all start very soon:



http://dealbook.nytimes.com/2013/07/01/first-name-in-the-first-fund-for-bitcoins-winklevoss/?_r=0

Edit:

@Sidnujag:  

no, forcing people would never work and why do all the work of millions of programmers when you can let capitalism find the best route, best coin and at the same time have it catch fire cause people think they're going against the status quo.

One executive order can confiscate bitcoin in defense of national security.  That's simple.  Or you think they legally took everyone's gold back in the 30's but no way they can confiscate a fake currency laundering billions and which is not controlled by anyone?  Let's get real.

@WeisoQ:  

I see your point and I agree on Armstrong.  This is all relevant to devcoin because devcoin and all alt coins have their value and destiny pegged to bitcoin.  If bitcoin goes mainstream then devcoin et al will soon follow.  

If bitcoin gets an ETF then soon there will be an alt currency ETF which will bring billions in fresh speculative dollar investments.  I've been saying all along its all gonna blow up bigger than the dot com bubble and now that I see this ETF news I'm even more convinced.  I didn't expect an ETF so soon, this is actually moving faster than even I thought.
hero member
Activity: 720
Merit: 500
Now something on topic: Anybody hear of Martin Armstrong? ... digital currency ...
Not quite devcoin specific thread material but... Digital currency - has been the wet dream of central bankers for a long time. An FT blog writes about it quite often - e.g. guest-post-the-case-for-digital-tender and the-case-for-official-e-money-1. You have to sign up to read them if interested but there's no charge. I also doubt you'll agree with everything they say - neither did I - but worth a read in my opinion. Armstrong - quite a controversial bloke, not necessarily a bad thing, but a lot of opinions that are hard to completely reconcile with previous ones over time, and with a liking for very vague writings could fit him into the pay to hear you what you want hear conference type. However he does make some interesting points and observations at times, especially on counter-conventional trends and thoughts. He also has his own site somewhere if you google.
legendary
Activity: 2044
Merit: 1005
legendary
Activity: 1420
Merit: 1010
Ok we REALLY need to update all the places that people can download the devcoin client from as it is causing sooo much extra work.

https://bitcointalksearch.org/topic/m.2634774

Many thanks

FuzzyBear
legendary
Activity: 1420
Merit: 1010
Can I get http://devcointalk.org/ added to the OP on this thread as a forum for devcoin ?? had a nice flourish of new users, and still more trickling in, the site's got a number of nice little features setup like a news ticker....
1DVC = 1BTC = 1BTC =

also members can request to be in the Devtome writers and admin group on the forum... just a nice place to hang out for gentle devcoin devtome related chat Smiley

and I trying to do something clever with posts from this main thread to be cross posted on there.... any stuff to make it a one stop shop to daily check up on various devcoin related stuff... etc so any suggestions please say.... something like showing latests posts on devtome.. and other network and devtome stats

but anyway the site was announced a little while back but never promoted or advertised so this is me pushing it.

Many thanks

FuzzyBear

I just added it as 'The Unofficial Devcoin Forums' (Not sure if it's official, or not.). Would you like 'Devcoin Talk' instead?

-acs26

Thank you for adding, and yes please list it as "Devcoin Talk Forum" if that is ok?

FuzzyBear
legendary
Activity: 1988
Merit: 1007
This would be a good idea. For those of us in charge of taking care of checking out articles, we could be put in to a special group where if people try to delete an article or wipe it, it would go in to a queue for us to look into and either accept or deny the changes. I think that would be a perfect solution.
On the main devtome page....to the left there's 'Recent Changes' - select it to show several pages worth of them; all and any edits are listed there, including deletions.

Got you. That works too! Thanks, :p.
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