Author

Topic: Hwo could devcoin keep the miners get only 10% of the coins?Can it prevent the m (Read 613 times)

hero member
Activity: 720
Merit: 500
okey, that's all right, I thought the devcoin may adopt some necessary methods to keep the miners only get their 10% in technique ways at first,so I really want to know how it works. However it is such result.But I wish  someone else could make a system to audit it in the future,so that the devcoin may change the world ,to take the palce of the bitcoin,to make our lives better~
thank you very much for your reply~
In reply to your question about 'locations that host the files'. If you open up the latest receiver file, for example http://d.evco.in/charity/receiver_34.csv you'll see 9 sites at the top that host master copies. Then each line from _begincoins is 1 share (which will be a function of total generation/total shares, with an unlimited ability to split shares into fractions as shares increase as of late).

But that receiver file is also distributed to every devcoin client in addition to the blockchain record (so for example if you have a devcoin wallet you have a 'receiver' folder within the devcoin subdirectory containing your own records of generation payments). So the verification and auditing as you put it is done by the whole network.

Then if you have a read through this: http://devtome.com/doku.php?id=devcoin#receiver_files you can see the distribution is automatic and randomised from mining to the listed receivers. The files are for records and disbursement. Once a round (about a month) ends the file creation process is finalised and is then fixed (a few weeks before distribution to the addresses in that file begins). There are no changes and payments don't go via any central address, it's direct from generation to contributor addresses.
newbie
Activity: 10
Merit: 0
okey, that's all right, I thought the devcoin may adopt some necessary methods to keep the miners only get their 10% in technique ways at first,so I really want to know how it works. However it is such result.But I wish  someone else could make a system to audit it in the future,so that the devcoin may change the world ,to take the palce of the bitcoin,to make our lives better~
thank you very much for your reply~
hero member
Activity: 720
Merit: 500
Devcoin's completely transparent. Crypto opinions may differ but feel free to audit the files yourself: http://d.evco.in/charity/. 'Ethical' is about attempting to reward open source and spread distribution and interest to a much larger prospective group of the population. To make it about human work rather than just hardware work.

It's not perfect but things are generally as honest as you make them. Whether it will work out, well that's an experiment like everything on his forum. But trying to get the ideas and benefits of alternatives out beyond nerds like us doesn't seem like a bad idea to me. 

And the thread is moderated because the previous ones were trolled not criticised. Feel free to check that too. In fact feel free to check out all manner of Devcoin news: http://devcoinproject.com/
Skiddling: I'm not a developer but there's info here http://devtome.com/doku.php?id=devcoin#technical
newbie
Activity: 10
Merit: 0
(⊙o⊙)…really?I thought the devcoin may use some technique methods to protect the system so that in this way may make a great coin in some aspects.
but thank you all the same,I still wish wish some senior developer with excellent back ground knowledge could answer this question
member
Activity: 61
Merit: 10
90% of the Devcoins generated go to developers, he pretends that it's an ethical coin and for charity but let's be realistic, there's no auditing and nobody here is honest enough to trust, and a self-moderated thread is mostly used to silence critics, just another useless coin.
newbie
Activity: 10
Merit: 0
Hwo could devcoin keep the miners get only 10% of the coins?Can it prevent the miners cheat the  developers,like change some docs in the source code or client?
thank you very much for helping me
Jump to: