Topic: Why the price of DevCoins increasing can only be a good thing (Read 851 times)
Awesome post.
Quote
i think the biggest advantages of Devcoin are merged mining and lot of people not only talking about it, but also creating new services new propagating pages, etc. And also the distribution is much more interesting thanks to paying to developers 
That makes even a newcomers without mining rig or 100 000 pc botnet (
) able to get lot of DVC.
That makes even a newcomers without mining rig or 100 000 pc botnet () able to get lot of DVC.Yeah, it doesn't require an extreme amount of investment to get started with.
Edited OP. Made the post a little nicer, rather than a sloppy mess.
As you probably know, 90% of mining generation goes to ethical projects. That's 45,000 DVC per block going to ethical projects, while 5,000 DVC is given to the miner. Even if it was $0.01 a coin, $50 per block isn't too bad when you have merged mining.
I quote from Devtome:
"Devcoin gives most of the generation money to open source revenue projects, like devtome, leaving only about 10% for bounties. Of the money going to bounties, only about 10% of that will go to any one project. So the largest bounty that can be funded is about 1% of the market capitalization of devcoin. Put an other way, the devcoin market capitalization has to be at least a hundred times greater than the bounty required."
The market cap is obviously based on the DVC price.
From Devtome again:
"The market capitalization is calculated from the average of the bid and ask on vircurex, times the block number, times 50,000 DVC/block. For example on August 18, 2012, the market capitalization was: 0.5 * (0.00000130 + 0.00000150) BTC/DVC * 54408 blocks * 50,000 DVC/block = 3808.56 BTC ~ 3,809 BTC"
Let's calculate the USD market cap...
Bid Ask
DVC/USD 0.00017000 0.00024900
as of 26/05/2013
0.5 * (0.00017000 + 0.00024900) USD/DVC * 90885 blocks * 50,000 DVC/block = 952020.375 USD ~ 952,020 USD
So the market cap is 952,020 USD
This means up to $9520.20 can be contributed to each eligible project. That can make a difference.
Try and make your DVC increase in price - it means projects can receive more.
Last quote from Devtome:
"Capitalization 100,000 USD
Software
Simple Extension
Hardware
Card Game
Medicine, Extra Mineral Water
Capitalization 1,000,000 USD
Software
Modify Big Application
Small Application
Hardware
Aircraft, 3 m Diameter Solar Balloon
Board Game
Medicine, Fortified Food
Toy, Simple
Capitalization 10,000,000 USD
Software
Big Application
Hardware
Aircraft, 10 m Diameter Solar Balloon
Boat, One Person
Building, One Person
Fabrication, One Fabricator Type
Ground Transport, Velomobile
Medicine, Diagnostic Equipment
Solar Power, Sun Tracker
Toy, Remote Controlled
Community
Rented Hacker House
Capitalization 100,000,000 USD
Software
Modify Computer Language
Modify Operating System
Unix Distribution
Hardware
Aircraft, Single Seat
Boat, Five People
Building, Five People
Extraction, Plastic Recycling
Fabrication, Fabricator Suite
Ground Transport, Two Seat Car
Heat Engine
Medicine, Autologous Stem Cell Rejuvenation
Solar Power, Energy Storage System
Community
Rent to Own Farm
Capitalization 1,000,000,000 USD
Software
Computer Language
Operating System
Hardware
Aircraft, Ten Seat
Boat, Fifty People
Building, Fifty People
Extraction, Metal Recycling
Fabrication, Partly Automated Factory
Ground Transport, Ten Seat Minibus
Medicine, Mitochondrial Protofection
Solar Power, Aerostat
Space, Reusable Microsatellite Launcher
Community
Village, One Hundred People
Capitalization 10,000,000,000 USD
Hardware
Aircraft, Hundred Seat
Boat, Five Hundred People
Building, Five Hundred People
Extraction, Mining Equipment
Fabrication, Seed Factory
Ground Transport, Personal Rapid Transit
Medicine, Senescent Cell Removal
Solar Power, Free Flying
Space, Reusable Single Seat Spacecraft
Community
Village, One Thousand People"
While some of the market cap goals are quite ambitious, it really does show how a higher market cap, and a higher DVC price would benefit open source and ethical projects all around the globe. It's not just a way for DVC holders to make a quick buck (I myself only hold 1 DVC which is currently locked up. However, I am a writer for Devtome, so I will be getting DVC soon).
So what can you do to help?
An investment of $10 into 1,000 DVC at $0.01 would really help all of us. By holding DVC, you contribute to more ethical projects.
And this, is why the price of DVC increasing can only ever be a good thing.
Yes, there is a lot of DVC in the system, but there has to be. Can't have each person only receiving 5 coins per block.
I quote from Devtome:
"Devcoin gives most of the generation money to open source revenue projects, like devtome, leaving only about 10% for bounties. Of the money going to bounties, only about 10% of that will go to any one project. So the largest bounty that can be funded is about 1% of the market capitalization of devcoin. Put an other way, the devcoin market capitalization has to be at least a hundred times greater than the bounty required."
The market cap is obviously based on the DVC price.
From Devtome again:
"The market capitalization is calculated from the average of the bid and ask on vircurex, times the block number, times 50,000 DVC/block. For example on August 18, 2012, the market capitalization was: 0.5 * (0.00000130 + 0.00000150) BTC/DVC * 54408 blocks * 50,000 DVC/block = 3808.56 BTC ~ 3,809 BTC"
Let's calculate the USD market cap...
Bid Ask
DVC/USD 0.00017000 0.00024900
as of 26/05/2013
0.5 * (0.00017000 + 0.00024900) USD/DVC * 90885 blocks * 50,000 DVC/block = 952020.375 USD ~ 952,020 USD
So the market cap is 952,020 USD
This means up to $9520.20 can be contributed to each eligible project. That can make a difference.
Try and make your DVC increase in price - it means projects can receive more.
Last quote from Devtome:
"Capitalization 100,000 USD
Software
Simple Extension
Hardware
Card Game
Medicine, Extra Mineral Water
Capitalization 1,000,000 USD
Software
Modify Big Application
Small Application
Hardware
Aircraft, 3 m Diameter Solar Balloon
Board Game
Medicine, Fortified Food
Toy, Simple
Capitalization 10,000,000 USD
Software
Big Application
Hardware
Aircraft, 10 m Diameter Solar Balloon
Boat, One Person
Building, One Person
Fabrication, One Fabricator Type
Ground Transport, Velomobile
Medicine, Diagnostic Equipment
Solar Power, Sun Tracker
Toy, Remote Controlled
Community
Rented Hacker House
Capitalization 100,000,000 USD
Software
Modify Computer Language
Modify Operating System
Unix Distribution
Hardware
Aircraft, Single Seat
Boat, Five People
Building, Five People
Extraction, Plastic Recycling
Fabrication, Fabricator Suite
Ground Transport, Two Seat Car
Heat Engine
Medicine, Autologous Stem Cell Rejuvenation
Solar Power, Energy Storage System
Community
Rent to Own Farm
Capitalization 1,000,000,000 USD
Software
Computer Language
Operating System
Hardware
Aircraft, Ten Seat
Boat, Fifty People
Building, Fifty People
Extraction, Metal Recycling
Fabrication, Partly Automated Factory
Ground Transport, Ten Seat Minibus
Medicine, Mitochondrial Protofection
Solar Power, Aerostat
Space, Reusable Microsatellite Launcher
Community
Village, One Hundred People
Capitalization 10,000,000,000 USD
Hardware
Aircraft, Hundred Seat
Boat, Five Hundred People
Building, Five Hundred People
Extraction, Mining Equipment
Fabrication, Seed Factory
Ground Transport, Personal Rapid Transit
Medicine, Senescent Cell Removal
Solar Power, Free Flying
Space, Reusable Single Seat Spacecraft
Community
Village, One Thousand People"
While some of the market cap goals are quite ambitious, it really does show how a higher market cap, and a higher DVC price would benefit open source and ethical projects all around the globe. It's not just a way for DVC holders to make a quick buck (I myself only hold 1 DVC which is currently locked up. However, I am a writer for Devtome, so I will be getting DVC soon).
So what can you do to help?
- Buy up as much DVC as you can.
- Mine DVC via merged mining with BTC.
- Buy DVC at a price of $0.01 and hold it.
An investment of $10 into 1,000 DVC at $0.01 would really help all of us. By holding DVC, you contribute to more ethical projects.
And this, is why the price of DVC increasing can only ever be a good thing.
Yes, there is a lot of DVC in the system, but there has to be. Can't have each person only receiving 5 coins per block.
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