Devcoin

[metazilla]

Wow, signing bonuses almost entirely gone in one round! (I believe last round they were at 4-shares, no?)

Also, now is the time to submit your articles to devtome before the current round ends! (We're on block 88338/89000, and by my calculations, the round should be over in about 5 days. Also, for those curious, this estimate puts payout for this round at around June 6th.)

[FuzzyBear]

There is a new listing on cryptostocks - ASCMDVCPT

https://cryptostocks.com/securities/39

This has been setup by user twobits, so I think he is entitled to the business bounty if he sells $1 worth of stock? unthinkingbit?

I have created a thread at his request to help answer some questions relating to the investment so he can carry on doing the good programming that he has been doing of late so please post any questions here:
https://asktom.cf/index.php?topic=196217.0

Please show your support fellow devcoin users and this is a great opportunity as I see to invest in ASICMiner shares and help boost devcoin value with the buying of devcoins from dividends paid out by the ASICMiner shares

just to say twobits has sold a LOT of shares and had to issue more, so still not sure if this counts to the non mining business (or mining business?) bounty or not http://www.devtome.com/doku.php?id=devcoin_bounty_now

[Bitcoin!]

Guys - bter.com seem to be amenable to trading alt coins on their exchange.

Why don't we e-mail them at [email protected] and ask them to support Devcoin?

I am doing it right now 

good idea! we need ad least one alternative exchange for devcoin!

So did you got a response?

[Unthinkingbit]

I've created a button:

Thanks for the button, it is now in the devcoin gallery:
http://www.devtome.com/doku.php?id=devcoin_gallery#tosku

Is there still a bounty for buttons?

Three 3/5 of a share awards were granted, and it was mentioned in the bounty post that the bounty might be extended to 3 x 2/5 of a share, then 3 x 1/5 of a share. Technically that extension was not publicized enough, but there were no objections to any of the other image extensions, so I'll extend this one also.

You get 2/5 of a share. Two 2/5 of a share button awards remain.

[Unthinkingbit]

..
just to say twobits has sold a LOT of shares and had to issue more, so still not sure if this counts to the non mining business (or mining business?) bounty or not http://www.devtome.com/doku.php?id=devcoin_bounty_now

It is a mining business, as soon as he issues a dividend of at least 1$ he'll get the award, which is currently 5 shares:
http://www.devtome.com/doku.php?id=devcoin_bounty_now#mining_business
https://asktom.cf/index.php?topic=34586.msg1220943#msg1220943

[emfox]

Hello, since Devcoin has is a non-halving currency that will be constant rising amount of total DVCs. I wonder will it be the case when outstanding coins increased to 21 billion?(that is MAX_MONEY defined somewhere in the code, however, I've not dig into it), will anything error serious happen?

[markm]

Currently nothing actually adds up all the coins.

The plan is that by the time 64-bit integers would be overflowed if you tried to add up all the coins, machines will be 128 bits so normal integers would be 128 bit and we'd move to 128 bit, or we'd move to 128 bit anyway.

Either way the plan is thus to just keep on minting come 128 bit or 256 bit or whatever the future may hold!

Will the universe last long enough for us to overflow 256 bit integers? Stay tuned to the next exciting googolium! (*)

(*) A googolium is to a googol as a milleniium is to a thousand.

-MarkM-

[emfox]

Currently nothing actually adds up all the coins.

The plan is that by the time 64-bit integers would be overflowed if you tried to add up all the coins, machines will be 128 bits so normal integers would be 128 bit and we'd move to 128 bit, or we'd move to 128 bit anyway.

Either way the plan is thus to just keep on minting come 128 bit or 256 bit or whatever the future may hold!

Will the universe last long enough for us to overflow 256 bit integers? Stay tuned to the next exciting googolium! (*)

(*) A googolium is to a googol as a milleniium is to a thousand.

-MarkM-

Did you mean that we just modify the var MAX_MONEY sometime later before it is been reached?  OK, you win...

[markm]

Ultimately we even change the block format at some future block number to use 128 bit integers if need be.

For now though, it suffices not to let any one input or output, or even the total balance of any one address, or even the total balance of any one wallet, exceed  21 billion.

-MarkM-

[Unthinkingbit]

Because of the rapid devcoin growth, the administrators are doing much more than the ten hours of work per month that we're being paid for.
..

There were no objections to giving administrators a pay raise and people suggested even more than doubling the shares. Therefore the administrator pay has been raised from 1 share for file administration and general administration to 2/5 of a share for file administration plus 1 to 4 shares for general administration with a total administrator pay limit of 7%.

Charities spend an average of 11% on administration:
http://www.civilsociety.co.uk/finance/news/content/15065/low_admin_costs_do_not_mean_high_charity_performance_finds_study

If the total administrator pay is much less than that, existing administrators will want to quit and few will want to be new administrators. Because devcoin does not have to pay for bricks and mortar, and the administrators all work from home, we can get by with a lower total pay of 7%. The account script:
https://raw.github.com/Unthinkingbit/charity/master/account.py

now totals the pay of the administrators. It then checks if 3 bonus shares per administrator will still leave the total pay below 7%, if it does it adds an Administrator Bonus section:
https://raw.github.com/Unthinkingbit/charity/master/account_23.csv

if not it keeps checking with a decreasing bonus shares on each check. It also writes the adminstrator pay in the summary:
https://raw.github.com/Unthinkingbit/charity/master/receiver_summary.txt

For example, in round 23, the general administrators will get 4 shares each, and the total administrator pay is 26 shares. Currently that is 6.3% of the total, as more shares are awarded or earned, the administrator pay percentage will decrease.

[FinShaggy]

This hasn't been updated in a while...
http://www.devtome.com/doku.php?id=daily_script_results

Almost 89000 though, been working on the new website. We're going to be doing LOTS of Devcoin promotions

[twobits]

I have been hanging out in the #devcoin irc at times.  Saw coinchat and figured I would try it out and see if I can really get paid to chat.

I made a devcoin room....   

Come chat  Coinchat.org and lets see if we really get paid to chat.

I will be afk off and on, so very well won't respond right away.

[FinShaggy]

I have been hanging out in the #devcoin irc at times.  Saw coinchat and figured I would try it out and see if I can really get paid to chat.

I made a devcoin room....  

Come chat  Coinchat.org[/org] and lets see if we really get paid to chat.

I will be afk off and on, so very well won't respond right away.

Here's a site that pays for posts in Devcoin
http://homegrownsouth.com/forum/viewtopic.php?f=45&t=17

[K1773R]

didnt knew theres a #devcoin on freenode, im there

[jasinlee]

https://www.youtube.com/watch?v=84teOhufJSQ

cant wait til we can help support projects like this.

[psybits]

Guys - bter.com seem to be amenable to trading alt coins on their exchange.

Why don't we e-mail them at [email protected] and ask them to support Devcoin?

I am doing it right now  

good idea! we need ad least one alternative exchange for devcoin!

So did you got a response?

Not yet - I can see they are working on a Bit Bar exchange though.

Can everyone here please e-mail [email protected] requesting they add DVC.

The more enquiries they get the more likely they are to list something apparently. Let's do this!

Being listed on another exchange is vital to DVC's long term success.

[K1773R]

i just registered on devtome to edit the BBQ entry, do i have to wait until my account is validated or what do i have to do to get edit rights?

[jasinlee]

i just registered on devtome to edit the BBQ entry, do i have to wait until my account is validated or what do i have to do to get edit rights?

I will update you, its late I dunno if anyone else is on atm.

[jasinlee]

Done.

[psybits]

Hi guys.

Here is the bter response:

Hi,

Thanks for all your information. We will do some investigation of this coin and think carefully about it.

Best,
Bter

Feel free to contact them at [email protected] to supply them with more information about Devcoin and why they should add it!

Another exchange supporting Devcoin will help immeasurably with all we are trying to achieve with this project!