Quote from: metazilla on May 31, 2013, 07:14:32 PM

Quote from: jackjack on May 31, 2013, 11:09:42 AM

Yeah, he could have divided his dump not to kill the price

Over time won't this become a huge problem? People earn devcoins, want to use them to buy stuff, sell them for BTC, then either buy stuff with the BTC or sell the BTC for fiat. It seems to me that that there is an imbalance here, because no matter how many people think Devcoin is awesome and want to support the project, there are going to be people in it for the earnings and selling off their coins.

So what is the solution to this? How can we get people to buy DVC with BTC? The only thing I've seen so far that encourages a net influx of BTC -> DVC is twobit's ASICMINER passthrough, since it buys DVC with the BTC earned. That said, it suffers the same problem, in that people will want to spend their profits in some way.

It seems to me that the real solution would be a way for people to spend their DVC directly, without affecting the exchange rate.

Thoughts?

FinShaggy and I have been saying this for a long time. We need DVC markets and whatnot, or else DVC is nothing more than a token.