tldr;
dud, devcoin is bit
boring, confusing
and incoherent atm, and ranking in 50000 coins per block, the smell is faintly scammy
tldr; very good idea, some poor execution (DEVelopment) EDIT yes the aution site does look good
Devcoin - an ethical cryptocurrencyThe purpose of the devcoin is to give money to open source developers for their work in as fair a manner as possible.
Devcoin takes a different approach. Only 10% of newly created Devcoins (DVC) are paid out to miners, through merged mining alongside Bitcoin (meaning that people can mine both Bitcoin and Devcoin on the same machine, at the same time). This is sufficient to secure the network, but leaves 90% of newly minted coins left over, which can then be given out for free to open source developers—and also creative commons media producers.
Payouts and bounties
Newly created coins are paid out in the form of bounties, designed to encourage the development of a wide range of open source projects from new software, to hardware products such as new forms of 3D printer. There are even tentative future plans to finance a bounty for the development of a single seater open source spacecraft capable of exiting and re-entering the earth's atmosphere! Developers can also earn DVC through the Devcoin and Bitcoin share lists, which reward active open source developers within the cryptocurrency community.
New web services are also under development which will allow anybody to create or to help fund bounties for new projects.
Writers can also earn Devcoins by contributing articles to the Devtome wiki. All work submitted to Devtome is published under a Creative Commons license. Quality is maintained through a ratings system, and writers' compensation is calculated according to their quality rating and the number of words published.
Earned Devcoins can then be spent at a small but growing range of online retailers, or changed for other currencies through an exchange.
Licenses for programming and hardware which qualify for devcoins are the AGPL, Apache, BSD, GPL, LGPL, MIT, public domain, and unlicense. Web code must be licensed under the AGPL, to close the web services loop hole, it could also be dual licensed.
http://devcoin.org/how-devcoin-works.htmlhttp://www.devtome.com/doku.php?id=devcoin_bounty_nowhttp://coinzen.org/index.phphttp://coinzen.org/index.php/board,49.0.htmlhttp://www.devtome.com/http://www.devtome.com/doku.php?id=bitcoin_share_listhttp://www.devtome.com/doku.php?id=devcoin_share_listhttp://www.devtome.com/doku.php?id=earn_devcoins_by_marketinghttp://coinzen.org/index.php/topic,329.0.htmlhttp://devcoinproject.com/http://dvccountdown.blisteringdevelopers.com/http://monetas.net/products/https://github.com/FellowTraveler/Open-Transactions/wikihttp://devcoinauctions.com/http://devcoinblockexplorer.info/ insight is an open-source Devcoin (Bitcoin) blockchain explorer
https://github.com/bitpay/insighthttp://coinzen.org/index.php/board,87.0.html A-C please message Dinkleberg
D-G please message FuzzyBear
H-L please message Ninthaxis
M-O please message Papacrusher
P-S please message Unclejed613
T-Z please message Wiser
aegis
The most challenging thing for many crypto currencies, is finding wider acceptance outside the existing crypto community and actually getting people to engage with the coin.
Devcoin addresses this challenge by providing support for the development of Open Source projects.
By supporting Devcoin projects and promotion directly through bounties and administration shares,
Devcoin enlists skills and talents to the Devcoin cause.
projects include the creation of the
Devcoin Auction
Animated Devcoin Video
Devtome Writers Award