Post
Topic
Board Announcements (Altcoins)
Re: [DVC]DevCoin - Official Thread - Moderated
by
wiser
on 17/12/2015, 16:44:34 UTC
Pardon my technical ignorance, but why would Devcoin need to be forked just to have it working the way it used to work? I mean, at one time (and for a long time) it was working just fine from the technical perspective. What changed and why has it been nonfunctional for so long?

Hey Wiser, the big problem we have is that essential services are being run by people who just have no interest in keeping them ticking, and don't respond when you try to get them to do their job.

I suspect a falling price has a lot to do with that, along with lackluster leadership. I take responsibility for my part, but there's nothing I can do about the price. Devtome was great, but it was a black hole. It never even close to paid for itself, and the price whittled away, making it even harder to get people to make an effort. Even moving the site into other's hands has proven futile, and now it's in no mans land. I'm still trying to get this working again, and the last communication I received was that there was progress. My share proposal was too little too late, as the damage to the coin was already done. The unlimited shares devtome could earn meant developers ran for the hills.

To add to that, both of the only exchanges that deal with dvc have both recently stopped working. Cryptsy hasn't sent out btc for a month according to the forums, and Vircurex hasn't been processing deposits for a while apparently.

I'm more than happy to step aside and let someone else take charge if they believe they can turn this ship around. The only reason I could think of to fork devcoins would be to decentralize everything. Absolutely nothing that relies on one person alone to do their job.

I believe the key to that problem lies in DACs - Distributed Autonomous Corporations, and the only thing holding that back, as far as I can see, are that domain registrars don't allow domain purchases via API *and* bitcoins yet.

HB

Thanks for the explanation, HB. I wasn't particularly asking about the price--I realize that is largely out of our control, though I can see it having an effect on the motivation of admins.

A fork that would decentralize things more sounds like a good idea. It seems human beings are the weak link in a crypto system. Let me know if there is anything I can do to help. PM me and I can give you my email address. Otherwise, please keep posting updates here. This thread seems to work the best for that purpose.

As for Cryptsy, it seems parts of it are working fine. You can still send deposits and those go through fine. You can use your BTC to buy and withdraw many altcoins (hence their high price relative to other exchanges), and then you can move out the altcoins. The DVC price was at the level it's at now before Cryptsy started having its issues and the price hasn't gone down since. If a different exchange traded in DVC, then I suspect its Cryptsy price would also be inflated. I got off Vircurex quite a while ago, and had forgotten they were even still online, because I started encountering more and more hiccups with deposits and withdrawals and I worried that they might be Goxing. With Cryptsy, I think they are having genuine issues and they are genuinely working to mitigate them, but their poor PR and communication is making matters worse and leading to FUD, etc.