Topic: [DVC]DevCoin - Official Thread - Moderated - page 49. (Read 1059144 times)

I'm not sure who is in charge of delegating roles/responsibilities of the project, but I'd be happy to contribute to devcoin if I could be of any help. Unfortunately I don't have any development background, but have professional experience in finance/accounting and know the crypto-sphere pretty well.

Let me know - thanks.

There are plenty of market-makers and markets on Stellar, but for a certain bunch of coins most of which are not on any of the normal exchanges I have issued tokens on HORIZON and Stellar networks so that players of the Galactic Milieu can make use of them.

Mostly this is the galactic big seven, a bunch of coins merged-mined alongside bitcoin since time immemorial, and a bunch of "Sci-Fi themed coins".

For coins that have a nation, corp, or whatever behind them in the game I calculate the value as the value of that nation or corp or whatever's treasury divided by the number of coins minted. For coins that have not yet been adopted by a civilisation or nation or Corp or whatever but are on an exchange somewhere I do unfortunately have to resort to looking at the current prices on that exchange or on CoinMarketCap. That includes bitcoin even though in the game bitcoin is supposedly the currency of the civilisation known as "Hackers" whose technology level is so high it might almost be indistinguishable from magick. (Most civilisations consider the Hackers, like "the planet known as Earth", mythical/fictitious.)

Eventually I hoped some kind of nation and corp auditing data could be put out periodically by some kind of publishing corp that would sell reports to interested nations and corps, and maybe also post them in libraries in various cities in the game and things like that. So far mostly everything is still in development. Maybe someone who has a ninja or thief character (someone in other words who might plausibly pass for a professional spy or somesuch) on the Galactic Diplomacy World (the CrossCiv Crossfire RPG server) will take up the task of obtaining all the nitty bitty details about the treasuries and transactions of the various civilisations corps etc and make such information available to other characters who visit that diplomacy world. If we make too much data available outeside the rabbit-holes, to people who might not even actually have a character in the game anywhere, that kind of subtracts from the lists of reasons why one might bother to actually play the darn game.

Someone on the I0Coin thread wants to buy some I0Coin so I have finally gotten back to setting up trade offers on the Stellar network, I will try to get I0C/XLM and IXC/XLM done then maybe start making trade offers using DVC instead of XLM as the counter-asset so maybe more folks looking to be able to actually spend their DeVCoins might decide to get involved on the Stellar platform.

-MarkM-

So you update these tables based on what data? Only network market offers (that could be misleading, no? Is volume even transparent? Who knows.), or "centralized exchanges" are included? 
Is any info on that (i.e. the generation of files) already posted somewhere?


Could we say that you are the Stellar Mark(et) M(aker)? 

LiTeCoin has been going up fast lately, so that rates file is probably quite out of date by now regarding LiTeCoin.

It is generated along with all those other tables ( http://galaxies.mygamesonline.org/digitalisassets.html ), lately only about once or twice each month. You can see from the dates on the other tables that the last time it was run was June 1st 2019, so those "Latest rates" are as of then.

The rates tend to work best for assets whose value can be computed by dividing the asset's treasury by the number of coins/shares/whatever, since those things tend usually to move more slowly. Although those things also often have oodles of additional "stuff" behind them beyond just what is in their "treasury" so maybe they are somewhat under-estimated by only adding up their warchest/treasury. (For example the United Kingdom Britcoin and the Canadian Digital Note do not try to account for the guildhouses, equipment etc the Brits and Canucks own on the CoffeeMUD platform and the Crossfire RPG platform, nor for the civilisations they control on FreeCiv worlds, and not even the stashes of their own coin they each have separated out from their treasury/warchest account yet could if they chose use to purchase other assets to put into their treasury/warchest account.)

DeVCoin is hopefully on its way to being able to be valued in that way, but as of June 1st the computed value (based on those "Latest rates") of the "DVC" entity that is hoped to eventually be able to serve as the "treasury" or "warchest" we can use to compute the value of DeVCoins was only 10,265,100,372.63372243 DeVCoins, which is still only about half the actual number of DeVCoins that have been minted so far. So basically that warchest or treasury currently only contains enough assets to be able to buy back about half the DeVCoins in existence at the value per DeVCoin the Latest Rates file shows, meaning if the rate for DeVCoin was computed from that warchest or treasury the rate shown would be somewhere around half what is actually currently being shown.

In other words right now the Latest Rates for DeVCoin are, like those for LiTeCoin and several other coins that live on blockchains, based on attempted "price discovery" rather than upon some warchest or treasury which could be used to "buy back" all the coins thus far minted.

-MarkM-

Altilly and Freiexchange.  Altilly has the best prices and supply right now (LTC market).

Where is market to trade devcoin? I'm not found devcoin at coinmarketcap? I think maybe buy some devcoin and hold next year is good

Hopefully my posting key request will be excepted for the @devcoin account on the #STEEM blockchain, so as to continue that momentum.

- Nova

I have used altilly and withdrawn without issue.

Sounds right, not sure why altilly price is so low.  I have withdrawn from Altilly with no issues. 

According to the latest rates file 1 DVC = 24 Litoshi, or 4x the current market price on Altilly - correct?

Also, has anyone successfully withdrew DVC from Altilly and received it in their Devcoin wallet?

Duly noted

I ain't your guy, pal.

When do we moon? ..."asking for a friend"

The rates include-file can be generated using any of the assets as the basis, whichever one is used will be shown as price 1.00000000

In the usual case the prices are shown in DeVCoins, mainly because DeVCoins are usually one of the smallest coins thus showing the prices in terms of DeVCoins tends to give the finest granularity of price.

So the answer to your question is that is the price in DeVCoins.

An I0Coin costs 1439 point something DeVCoins.

The clue is the fact that the price of DeVCoin is shown as 1.00000000

You can re-arrange the table to use some other asset as 1.00000000 whereupon the prices become in terms of that asset.

So look which asset is 1.00000000 in order to deduce which asset the prices are being shown in terms of.

-MarkM-

I don’t get these rates.  So what’s 1439 for i0C?  1439 i0C per what?

It lives!!! #DevSTEEM on =P

Well here are the latest rates for various assets, priced in DeVCoins:

http://galaxies.mygamesonline.org/latestrates.inc

So as you can see there are a bunch of things you can buy with them.

See also http://makemoney.knotwork.com/ especially the section for Stellar platform based assets, since in Stellar you can trade directly between any two things you don't have to use the platform's native currency as a go-between like you have to on the HORIZON platform.

So in Stellar you can directly offer to buy any asset on that platform using a DeVCoin token; and hopefully I did get around to making a page listing a stellar network based token for DeVCoins; I admit I think some tokens I have not gotten around to making a page about yet.

-MarkM-

In today's blockchain technology, where a chain can carry anything from the data for a social media network to a country's land titles, any chain that has a secure network has potential worth. Thinking currency centric can hide some of a token's potential value from you, in my opinion.

- Nova

#DevSTEEM On!

I still have a weak spot for this coin 

If you mean shilling I have yet to be successful - but the heart is there