Topic: [DVC]DevCoin - Official Thread - Moderated - page 68. (Read 1058956 times)

I vaguely recall seeing that with some coin, but that was probably years ago, when I was into trading cryptos.

Currently, there's IOTA, widely traded in millions (MIOTA). From other solutions, on exchange called CoinFalcon, whenever prices get close to 1 sat, they would just increase number of decimal places for bitcoin. i.e. in KIN-BTC pair, BTC has 10 places after decimal. That could also work for DVC.

I'm pretty sure it's not a rocket science to denominate basic unit to "kDVC" (1,000 DVC), it's all down to whether exchange operator is willing to do that.

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On the subject of new exchanges, have you consider YoBit? If the info on their website is still up-to-date, they charge 0.1 btc for premium listing: https://yobit.net/en/addcoin/

I am having a difficult time finding an example where an exchange is doing this for another coin.  Can you help to find an example?

Freiexchange is not interested in listing any coin for less than one satoshi.  However, I can pursue listing at another exchange if you can find an exchange which is currently trading at sufficient volume below one satoshi.

I've been eyeballing this thread for a while...


Or you could just get the exchange to denominate it to i.e. 1k DVC as a base unit. Should be rather simple and straightforward.

If we take the deal, we should pay the extra to add those other markets. I think a DVC/LTC market might be livelier because BTC only allows you to price as low as 1 satoshi and I suspect a half satoshi is closer to the actual market rate for DVC.

I say go for it.

I have an offer from Listex.IO (pre-launch) to list DVC at launch three days from today.
The listing fee offer is good for today.

DVC / BTC only 0.20BTC
DVC / BTC / LTC / DASH / USD / EUR / GBP for 0.30 BTC

Thanks. I was hoping it was a second centralized exchange. I checked out Bisq network a few weeks ago and it had no volume either.

https://coinmarketcap.com/currencies/devcoin/

Bisq.network
https://bisq.network

and

Freiexchange
https://freiexchange.com

Where is that second DVC market? Can someone please post a link? Volume on Frei Exchange is completely nonexistent, so I thought I'd see if there was anything going on with the other DVC market. Thanks.

The last estimate found in a search suggested steem is being produced at about +/- 900,000 per 30 day month. Their deflation rate will take them to 95% less than present production, eventually, yet never to zero. The following link is an analysis post on the math behind steem production. We would do well tailoring DVC in a simular fashion, in my opinion. There needs to be some form of deflation built into the coin for its long term survival. steem has a natural hording through users powering up their steem to steem power (SPs), which DVC does not have.

https://steemit.com/steemit/@fatboyjames/how-much-new-steem-is-created-everyday

- Nova

Fuzzy, I would recommend you get in touch with the DMD Diamond team and pick their brains about passthrough investments. They don't do this any more but for several years they ran a successful "cloud mining" operation using Nice Hash and others where you could donate BTC in exchange for shares and those shares entitled you to a certain amount of profits paid out in DMD. That kept some upward pressure on the market price, and it was a nice little income source. I don't know too much about the details, but I figure that you could learn more from them. Their Bitcoin Talk thread is https://bitcointalksearch.org/topic/ann-dmd-diamond-30-scarce-valuable-secure-pos-30-masternodes-65-580725

I'd like to see something like a passthrough share again, and the above is my only idea right now.

I do believe the fact that every month 180 million new Devcoins are created may be problematic. It's just too much. We're creating them faster than our ecosystem is able to absorb them. I know that the DNotes team felt that the supply of DNotes was expanding too quickly through Scrypt mining, so when they upgraded to version 2.0, which is a POS coin, they set it up in such a way that the supply of coins would increase at a much lower rate. And DNotes only had about 150 million in circulation at that time and the beginnings of a well developed ecosystem. So if that supply was expanding too quickly, what can be said of a coin whose supply expands by even more than that each and every month?

I fully support Novacadian!  Excellent choice.

No objection, Nova is a cool guy and I trust him 100%

I want to give authority to Novacadian to hand out up to 12 shares per round to help Steemit or save it from corruption.

Novacadian agreed to do this. If Novacadian becomes corrupt and starts giving away shares for no reason, which I do not expect at all, then Novacadian would lose the share authority. Any objections?

Hi all,

Just wanted to voice a few thoughts after having been catching up on a few threads and other coins etc. 

Firstly exchange listings and new exchanges.

Again huge hats off to CYTA for their hard work on following up on the exchanges and managing to get Devcoin listed on 2 new exchanges. 
I would recommend 2 things now. 

1. I dont think we need to pay anyone to list Devcoin on their exchange.  Any funds put into such would probably be wasted and could have been used to help buy up the devcoins and increase the DVC price overall.

2. It seems there are a number of other cryptocoins and assets that have been hit by exchanges hacked running off with money etc and a fair few looking about to try find new exchanges to list their cryptocoin (IXCoin, Feathercoin, BBQCoin, WorldCoin) just a few that popped up and saw on their threads or coinmarketcap they no longer listed on exchange etc.  Again IXC is a merge mined coin just like devcoin and been around about as long so maybe https://freiexchange.com would be interested in listing that coin.

point 2 will help bring greater volume to the exchange and thus show it up as a place to arbitrage the price against other exchanges and help boost the revenue for https://freiexchange.com so they can develop more features and attract more users etc.  We can help spread the word of this nice exchange we have found and see if we can help drive crypto traders to the exchange.

Next point I see people are talking about the need for people to be able to spend devcoins on real life products, items and services etc.  I might be willing to run another share passthrough like I did on cryptostocks with the ASICMiner Devcoin Passthrough but I am yet to find any BTC or crypto stock investments that would be a fairly safe investment to start up such a service for the devcoin community.  Anyone any ideas for investments? or anyone know of a platform that I could setup a passthrough for shares like this on? If not I might look into making my own site if enough interest.

Fuzzybear

You can have a POS coin without masternodes. DNotes is currently doing that. Of course we would want the algo to most closely represent what Devcoin stands for and what it does best. A good coin needs to have good leadership. That's really what makes the coin what it is; the tech helps, but it's pretty neutral.

masternodes are not a good idea, if you try to HARD FORK devcoin it's no longer DEVCOIN and make proof of stake clone coin please make the algo linear to distribution    jmho

I'm not necessarily sold on deflation, though not particularly against it. I do believe it would be very helpful to curb the inflation rate substantially.

If going down that route, my thoughts are that we should seriously consider putting is some minor deflation to DVC. Even steem is producing ever so little less each round so that it should be down 95% of its present volume created by 2040. We could have DVC  deflating at even less than that. Feeling very positive about the DVC - Steem merged mining concept of develCuy, my feeling is that we should always be able to buy back DVC if need be in some distant future.

- Nova

P.S. There is also the concept for programmers to consider if Proof of Work DVC could be given as a Proof of Brain SMT by some convoluted fashion. Perhaps by having a legitimate DVC reward pool to draw from?

P.P.S. Beginning to think that we should use the exact deflation of steem. As @devcoin expressed so well in their recent post, "Have you ever heard that there is no age for love?" Why not two hearts that beat as one?

@devcoin's post:

https://steemit.com/witness-category/@devcoin/the-present-and-future-of-devcoin-steem-integration

Another thing that should be seriously considered: Updating the tech on our coin to match the current technology.

Traditional Proof of Work coins are getting replaced by the sleeker (from an electricity usage point of view) proof of stake and masternode coins. They also include features like smart contracts, invoicing, etc.

We probably need to update Devcoin to modernize it, which is going to mean a complete hard fork. Two coins I'm involved in, DMD Diamond and DNotes, very recently did this. It involved among other things taking a snapshot of the network and then starting on that basis with the new fork, beginning again at block zero, effectively swapping out everyone's old coins for new coins.