Post
Topic
Board Announcements (Altcoins)
Re: [DVC]DevCoin - Official Thread - Moderated
by
weisoq
on 20/05/2017, 10:29:00 UTC
By all means, if you have the time and inclination to restore devcoin then do it. When I took over from Unthinkingbit, capital was fleeing devcoin through devtome, which wasn’t even close to paying itself off. With a sinking price I didn’t act quickly enough (nor really had the power) to stem it before the bottom fell out and exchanges starting dying or delisting dvc. Without exchange support, there was no price support, and without price support the shares were worthless as an incentive, so no one wanted to do anything to help fix it. There was basically a hyperinflation of devcoin going on due to capital flight - devtome was a money sink that never paid itself off. I think in two years it amassed something like 0.5btc in advertising revenue.

Since then, I’ve tried a handful of restart attempts but it’s obvious that I’m not cut out for the job. If you or anyone else would like to take over that’s fine with me. Unthinkingbit is in charge of accounting, everyone else is apparently in charge of whatever he left them in charge of when he resigned as leader. He’s the only one we have to inform. Who’d like to do it? Just say so.

Devcoin is a great cause and if people have the interest in redefining it, I would never stand in the way. Whoever takes over should focus on getting exchange support again. To get that you need to get someone to update the code to the latest bitcoin branch. Either kill, or clean up devtome so advertisers that actually pay will touch it...

Hunterbunter
It wasn't your doing or fault HB; cheers for the efforts.
As jackjack said the waste of a good idea is appaling, but there you go.