Topic: [DVC]DevCoin - Official Thread - Moderated - page 95. (Read 1059157 times)

Don't forget Cryptsy. I lost over 134 bitcoins that were the buy-side support for DeVCoin, IXCoin, and I0Coin on Cryptsy.

Recovering from that loss of capital is taking time, but recovery is happening, take a look at IXCoin and I0Coin now; DeVCoin I have only in the last few days started on because I had not wanted to own any Litecoins nor any DOGE, and until some recent time, I am not sure when, there was no market of DVC vs BTC. Now I see there is DVC/BTC again but price has gone so low it is not practical yet to work on that market so I am working in Litecoins for now until we get prices back up some.

I suggest that things like what happened with Cryptsy are bigger problems than most are aware, and that the coin is being blamed for what really is mostly just the effect of the theft of the project's working-capital by Cryptsy.

If we still had the 134+ BTC and 800k+ IXCoin and I cannot recall offhand how many hundreds of millions of DeVCoins that Cryptsy stole we would be in far better shape than we currently are. Give us time to recover.



Some place called CoinGather, no idea if it is just another bunch of thieves though.

-MarkM-
 

I still have some leftover coins from the yester years.Any working exchange to trade them?

You're thinking of this coin as if it is like other coins, but my understanding is its history is different. It was created to reward people working on open source software or writing articles on devtome. It wasn't created to "make quick bucks" or to pump and dump. The way it works is open source developers get their devcoins and they sell it as a way to make an income off their software efforts People who want to support the open source devs buy devcoins. By buying devcoins they are creating price support for the devs selling it. Buying devcoins is like donating to open source software. That few people are propping up the price is probably more a reflection of not understanding the reasoning behind the coin.

New developers should define what they want the new coin to be. Is it the above, or something different? If it's different, they should create a new coin. Markm being an original designer of the coin doesn't need to start a new coin to continue it - they already have it. What's the point of calling a new coin 'devcoin' if it's completely different from current devcoin and is just like every other coin?

An understanding of why devcoin hasn't gotten more popular would be a good discussion. I see lack of keeping the client updated, the distribution of coins to developers isn't very transparent, devtome authors got large amounts compared to others, devtome didn't pull in the advertising income that was expected and the lack of understanding that buying devcoins off developers is a way of donating to them.

the fact that ppl bought the coin is something not nothing. most ppl will not get involved actively. they took the initiative to buy/mine the coin. they spent money. its like ppl who bought bitcoin very early and got lucky. they didnt do diddle either but at least they got in early and got rich.

ppl who bought or mined  dvc early should be compensated 100% for believing in this coin if we swap.

so you are waiting for this coin to be really really dead since  its not down to one Lite-satoshi?

even though ppl appreciate all the work you put into dvc and you deserve to be compensated for it, usually any coin over 2billion, unless it has a superstar devs or strong dedicated team, will be looked upon as a pumpanddump coin (exception: dogecoin but even that coin is not taken seriously. unlike dvc ripple and stellar got dedicated team) where the starter devs' only interest is to make quick bucks and get out. this coin has shown that(look at our historical chart). all the evidence shows dvc has not been for the community.

however, we can change that. if you are serious about reviving this coin and get compensated for your past and future work, i recomend that you either 1) create new coin(for ex. creating a new erc20 coin on ethereum blockchain or wave platform) with the same name and let the holders swap where the total new coin is 100mil to 1billion; or 2) if you want no new coin at least burn the total coin supply and reduce to no more than 1billion total supply, or find other ways to reduce the supply.

i dont necessarily disagree with anything you said other than the total coin supply reduction bc we dont seem to have full time active dev at the moment.  ppl would feel more confident to invest if whales dont have so much percentage of total coins to manipulate the price.  nobody wants to be victims of pump and dump which is pretty common in the crypto world.  

Yeah I helped Unthinkingbit create this coin, and I still run the receivers script for him each cycle creating the receiver and account files that he then sends out to the other custodians.

If you want a new different coin create one whether you clone this or something else entirely.
lThere is huge amount of work in on this one, a lot of infrastructure has been put onto the HORIZON network in last year for example though HORIZON now itself is not on exchanges so BURST is back in the running and we are looking into the STELLAR networktoo now that so many folks have been given LUMENs lately.

DeVCoin is just one of the original merged mined coins, I mined them all using p2pool until the Swedish Neptune miners I got turned out to be too powerful for that pool, then with mmpool until they ran afoul of some technical glitch caused by some new update of bitcoin.

DeVCoin, IXCoin and I0Coin are still on exchanges and DeVCoin has still not gone down to one Lite-satishi nor one DOGE-satoshi so it is far from dead.

-MarkM-

are you a dev for this coin? it appears that this coin is almost dead and you dont want ppl to improve on it? the historical chart shows dvc was nothing more than a pump and dump coin. since the last dump its been inactive for over 4 yrs and you dont want ppll to do anything to it? cmon buddy wake up!

how did you come up with 1mil:1? whats the total supply now? i think 1000:1 seem more realistic. we dont want to reduce the coin too much. i think new total supply should be around 100mil to 1bln. anything more than 10bil. looks like a pump&dump coin(unless we have superstar team working on it) and appears to mainly cater to whales.
i ill say drs should be no longer than one month. this coin has been around over 4yrs. we cant wait forever. lets move fast and ignore naysayers. decentralization means we go democratic and dont heed one or two persons biased argument. just like after many years of debate we finally did the segwit wtnss adoption, lets stop being lazy and start moving.

Don't screw around with the existing coin. It is still in early days, relative inflation is less each year, if you think it is too high wait a few years.

What would probably be helpful would be to get working open sourceexchange code working so we do not have to keep depending on third party exchanges that are not specifically invested in the merged mined coins, of which DeVCoin is one.

There are plenty of coins people can trade in their DeVCoins for, but without working free open source code we have to do it all manually.

Look at http://galaxies.mygamesonline.org/digitalisassets.html if you are unsatisfied with your DeVCoins trade thm for something else. But do not screw with DeVCoin as it is a major part of that whole interwoven ecosystem of currencies and assets.

Also I finally bit the bullet and started trading on the DVC/LTC market, so come dump your DeVCoins for Litecoins if you don't want your DeVCoins.

-MarkM-

This is the crux of the issue. And, don't forget, this forum has a voting system you can take advantage of before making any 1 to 1 million decisions.

Wise words from a wise guy!

I'd start from what you want Devcoin to be that it isn't now, and mechanics of how, and work backwards. Not vice versa.
The answer to renew vs not (and relative interests of current vs future holders) will become apparent in the process.

New Devcoin (nDVC) and the Devcoin Renewal Service (DRS)

Thanks everyone for your feedback! We clearly have two options here:

1. Starting anew (airdrop or ICO)
2. Allow to convert old DVC into new DVC (consider old DVC as pre-mined)

Each option has pros and cons, but somebody has to make a decision when there is not general agreement, otherwise we'll never move forward.

My decision is to go for option #2. I know it will take more effort and that some people is holding big amounts of old DVC for doing almost "nothing", but there is an "easy" fix for that: Pump nDVC quite high against old DVC!

Devcoin Renewal Service (DRS) and its Exchange Rate

What is a fair exchange rate for DVC/nDVC? I need help with that! My proposal is 1:1000000 (1 nDVC for every 1,000,000.00 old DVC). Please propose your own exchange rate stating why you consider it fair!

Of course, there should be some boundaries for this, because old DVC will still be generated by old miners. The day nDVC is released, we should also announce the date when DRS will be available and the date when it will shut down, so that no more conversion will be possible.

We have two very important questions here:

1. What is a fair exchange rate for converting DVC to nDVC?
2. For how long should the Devcoin Renewal Service be available? weeks? months? years?

Please give some light to this discussion

Ah, yea, you repeated what I said, it was an analogy idiot, ever hear of that? So, what's your point? Dead is not permanent in crypto, nothing is truly dead here. I was around for the birth of this coin and I do not want to see it transformed into something it is not. Better check your "wallets", lots of those old projects are being revived.

PS: Thanks for your contributions to the project, really, no sarcasm intended.

Just a quick question. If DVC is so worthless, why build a coin on top of it? Why not make a new (alt)coin? And when the newDVC becomes worthless what then? A newnewDVC?

The biggest problem I see with DVC is the huge supply and that it got abandoned by the devs. It's still one of the oldest and most known coins, it just got abandoned. That said, I see a huge potential in DVC as it is, but with some minor tweaks (supply, code update, ...).

That's just my personal opinion.

Putting that into practice conflicts with assertions that coin supply is the problem. Seems that needs settling first.
Otherwise fair compensation for ~zero value is ~zero.

Cryptocurrency is not a gold bar. It even does not exist - you can not "use it as a door stop or, place it in a safe deposit box or paint it red and pretend it's brick".
There are enormous number of cryptos with zero value. Look at any exchange - you can see a lot of cryptos for sale for a minimum possible price (NYC at coingather, for example). All these coins have zero value just from the beginning. If you buy nothing why are you waiting that nothing one day will become something?
Devcoin a bit different - the good idea was in place.
But it ended up the same way as all other "coins".
I have some wallets with millions and millions of all kind of these "shitcoins". Long forgotten ones. I wonder if all these "coins being held" should be honored at all. Dead is dead - end of story.

On the subject of who gets what and where the value is held, if a new Devcoin is created I offer this:

It doesn't matter one single bit WHY someone is holding Devcoin or, how they got it, or what they intend to do with it, they should be fairly compensated for their holdings if a new Devcoin is generated and old one losses value do to that.

If I hold a bar of gold, it is still a bar of gold and worth the market price if I choose to use it as a door stop or, place it in a safe deposit box or paint it red and pretend it's brick, it still has the same value and it is still negotiable. Doesn't matter if new gold "bars" are shaped like spheres with little points, my bar still has the same value, once for ounce, as the new one.

I well understand we are not talking about hard assets but, digital ones. Still say old coins for new coins, at fair market, possibly with adjusted quantities if needed, but the coins being held must be honored.

this is a failed project due to a reason that most of you don`t know about it,they taxed up to 90% to their miners since begining and may be until now if i remember it right

I am surprised not to see a devcoin clone yet, without the devoin legacy  It will come in due time hopefully.