If people want to dump their devcoins down at 28 satoshis per coin or whatever instead of placing sell orders up above 100 somewhere so that they will end up getting sold when the price goes back up (as it has kept on doing over and over again) that is their loss. Unfortunately it is maybe also a punshment for being poor, because maybe if they desperately need to cash out right then to feed their kids or something it ends up being the poorest folk who sell for the lowest prices, the relatively well to do or rich can afford to just keep piling up more and more sell orders at higher and higher ask prices until the next upward spike in prices comes along.
I have more and more and more buy orders building up at the lower prices so I am kind of hoping the dumpers want to dump lots of coins for my already in place buy orders to pick up cheap for me. Eventually I hope to have enough buy orders in place at all times to absorb a full round's worth of minted coins, then someday enough that even if everyone dumped all their coins they would all get bought up, half for a satoshi each, a quarter for two satoshis each, less for three satoshis each, even less for four satoshis each etc...
-MarkM-
Topic: Why devcoin is so low despite it's market cap? (Read 1655 times)
There are review processes in place now for Devtome content, authors that get poor ratings from reviewers get paid less, good reviews leads to higher pay.
So that is starting to come into place. First there had to actually be authors and content, then once we had authors the option was added whereby they can review other authors. Before we actually had any authors there would not have been much point in trying to recruit reviewers, and the author population has been useful as a source not only of reviewers but also of administrators.
Bear in mind also that DeVCoin is deliberately intended from its initial design to be worth a lot less per coin than Bitcoin.
Back when DeVCoin was created a lot of people were arguing that Bitcoin should move its decimal point; DeVCoin thus deliberately started out with its decimal point already moved so as to hopefully avoind running into those same arguments.
-MarkM-
So that is starting to come into place. First there had to actually be authors and content, then once we had authors the option was added whereby they can review other authors. Before we actually had any authors there would not have been much point in trying to recruit reviewers, and the author population has been useful as a source not only of reviewers but also of administrators.
Bear in mind also that DeVCoin is deliberately intended from its initial design to be worth a lot less per coin than Bitcoin.
Back when DeVCoin was created a lot of people were arguing that Bitcoin should move its decimal point; DeVCoin thus deliberately started out with its decimal point already moved so as to hopefully avoind running into those same arguments.
-MarkM-
ok, thanks for your explanations.
It makes sense, and as I said I hope for a bright future with open solutions that will create more trust and competition (competition is good for everbody, but ofcourse bad for the losers who don't want to innovate but would rather sit on their old stuff)
Innovation is not going to happen without competition.
This will also bring price stability, as the 2.3 billion coins that are given to devs every year are still in the region of 50% of the complete money supply.
So when those devs dump their coins all the time it drives the price down. What we have seen thus far.
In a year or two the yearly payment of the devs will be a smaller part compared to the total money supply. First 20% then 10% and so on.
So that the devs who dump their devcoins immediately will not be able to drive the price down that much anymore.
And more competition for the shares will make the value of a devcoin rise in perception more, and not make everyone want to dump the earned devcoins like a hot potato.
There are review processes in place now for Devtome content, authors that get poor ratings from reviewers get paid less, good reviews leads to higher pay.
So that is starting to come into place. First there had to actually be authors and content, then once we had authors the option was added whereby they can review other authors. Before we actually had any authors there would not have been much point in trying to recruit reviewers, and the author population has been useful as a source not only of reviewers but also of administrators.
Bear in mind also that DeVCoin is deliberately intended from its initial design to be worth a lot less per coin than Bitcoin.
Back when DeVCoin was created a lot of people were arguing that Bitcoin should move its decimal point; DeVCoin thus deliberately started out with its decimal point already moved so as to hopefully avoind running into those same arguments.
-MarkM-
So that is starting to come into place. First there had to actually be authors and content, then once we had authors the option was added whereby they can review other authors. Before we actually had any authors there would not have been much point in trying to recruit reviewers, and the author population has been useful as a source not only of reviewers but also of administrators.
Bear in mind also that DeVCoin is deliberately intended from its initial design to be worth a lot less per coin than Bitcoin.
Back when DeVCoin was created a lot of people were arguing that Bitcoin should move its decimal point; DeVCoin thus deliberately started out with its decimal point already moved so as to hopefully avoind running into those same arguments.
-MarkM-
Are you sure that devcoin has a market cap ?
They are unlimited number of devcoins.
They are unlimited number of devcoins.
A market cap is derived by the coins momentarily in existence multiplied with the current market price.
It has nothing to do with maximum possible coins.
I think the biggest issue is that they paying for every kind of rubbish. If you take a look at devtome you will see that many writings have very little artistic or information value. Maybe they should implement some kind public voting system about the articles, or just turn it into a kind of crowd funding site. A writer uploads the first chapter, readers take a look at it, if interesting they can vote for funding.
(sorry I know it's an old thread, ...)
I agree with you.
I like devcoins and see many possibilities for it, but what you pointed out seems to be the biggest flaw in devcoin.
It doesn't have the free market competition concept where the best wins and the not so good are being kicked out.
Instead everyone can just dump more or less average things there and will get his share of Devcoins no matter what.
For a writer you must just use orthographically correct english, there are no other criteria.
I hope that devcoin will add some kind of feature that will add this free market competition concept into it, because right now it seems to be like a zeitgeister's wet dream.... recieving devcoins for "whatever" you do.
I expect that when devcoins get more popular that more developers will compete for the same shares, and that will initiate a more mature competition system.
Are you sure that devcoin has a market cap ?
They are unlimited number of devcoins.
They are unlimited number of devcoins.
I think the biggest issue is that they paying for every kind of rubbish. If you take a look at devtome you will see that many writings have very little artistic or information value. Maybe they should implement some kind public voting system about the articles, or just turn it into a kind of crowd funding site. A writer uploads the first chapter, readers take a look at it, if interesting they can vote for funding.
About $450 000 market cap. Why worth almost about nothing?
- There are 216,000,000 new Devcoins every months and the amount will stay the same (there is no block halving).-> Devs are sitting on are large amounts and are just waiting to be able to dump them.
- Only a small community.
- I maybe wrong about this, but I don't see any actual developing going on. What is the latest version?
Such a stupid coin, no block halving, How should you expect increase in price
it costs a very much, if they are not profitable. Why should i abbandoned my BTC
About $450 000 market cap. Why worth almost about nothing?
- There are 216,000,000 new Devcoins every months and the amount will stay the same (there is no block halving).-> Devs are sitting on are large amounts and are just waiting to be able to dump them.
- Only a small community.
- I maybe wrong about this, but I don't see any actual developing going on. What is the latest version?
About $450 000 market cap. Why worth almost about nothing?
- There are 216,000,000 new Devcoins every months and the amount will stay the same (there is no block halving).-> Devs are sitting on are large amounts and are just waiting to be able to dump them.
- Only a small community.
- I maybe wrong about this, but I don't see any actual developing going on. What is the latest version?
Such a stupid coin, no block halving, How should you expect increase in price
it costs a very much, if they are not profitable. Why should i abbandoned my BTC
About $450 000 market cap. Why worth almost about nothing?
- There are 216,000,000 new Devcoins every months and the amount will stay the same (there is no block halving).-> Devs are sitting on are large amounts and are just waiting to be able to dump them.
- Only a small community.
- I maybe wrong about this, but I don't see any actual developing going on. What is the latest version?
Such a stupid coin, no block halving, How should you expect increase in price
About $450 000 market cap. Why worth almost about nothing?
- There are 216,000,000 new Devcoins every months and the amount will stay the same (there is no block halving).-> Devs are sitting on are large amounts and are just waiting to be able to dump them.
- Only a small community.
- I maybe wrong about this, but I don't see any actual developing going on. What is the latest version?
Such a stupid coin, no block halving, How should you expect increase in price
About $450 000 market cap. Why worth almost about nothing?
- There are 216,000,000 new Devcoins every months and the amount will stay the same (there is no block halving).-> Devs are sitting on are large amounts and are just waiting to be able to dump them.
- Only a small community.
- I maybe wrong about this, but I don't see any actual developing going on. What is the latest version?
The best thing about it was that I got 0.7BTC worth for 13000 words onto devtome (old college essays).
anything that is compared to this topic?!
The best thing about it was that I got 0.7BTC worth for 13000 words onto devtome (old college essays).
About $450 000 market cap. Why worth almost about nothing?
almost nothin= it is abandoned coin
i think devcoin is great, i love the idea. it needs some better platforms, though. i'd like to see a place to share all types of art/music/etc for devcoins, or also, where people could donate/buy in devcoins, etc.... more stores would be good. i see the code is being updated soon, also a plus.
According to the actuall crypto currency evolving i assume that what "we think" is just a premature of what wiill happen ;] 
i think devcoin is great, i love the idea. it needs some better platforms, though. i'd like to see a place to share all types of art/music/etc for devcoins, or also, where people could donate/buy in devcoins, etc.... more stores would be good. i see the code is being updated soon, also a plus.
There are simply too many devcoins and people value rare things muck more.
Devcoin is a sustainable coin and deserves to be in the top10. You have to think about the large amount of things backing it.
So why don't you buy a million of it?I'm sorry didn't realise you were psychic.
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