Quote from: Arbitrageur on June 03, 2015, 11:06:23 AM

Quote from: tyz on June 03, 2015, 09:43:53 AM

Really? Do you have any proof of your statement? if there really went more than 100k $ into development there should be a bigger impact of progress for Devcoin than it is/was. Undecided

i am still a big DVC hodler.

Quote from: LeChatNoir on May 28, 2015, 11:58:03 AM

More then 100k $ of revenues from mining went into development, only in the last year, and what did you accomplish?
154k $ market cap, you are a bunch of thieves!

Simple: in a year devcoin has 2.5B new coins mined, 2B of which goes to devs. In may last year devcoin was worth 20 satoshi and fell all along the way to 4 (I believe it's the same devs selling most of their monthly check). Let's assume 10 satoshi average price at a 350$ avg bitcoin price: 2B*350*0.00000010 = 70k usd. Not far from the 100k estimate by lechatnoir.

Now, assuming devcoin remains at these prices around 5 satoshi with btc at 250 for the next year, it's only 25k, less than 2500 a month. how many people split these revenues? what do they do with it? why don't they move their ass to push the price of this coin north of 20 satoshi with some real development that revives the community?

Hi Arbitrageur,

Have your visited DevTome? My guess is the lion's share of DevCoins have gone to writing shares. Hunterbunter has proposed a change up to share splitting, which should be coming online shortly by my understanding, that would lessen that distribution. Yet for the last while DevTome has been the main project of DVC, with some programming bounties as well of course.

Here is one uplifting story of how DVCs changed a life....

http://devtome.com/doku.php?id=how_i_spent_my_devcoins_in_africa

- Nova