Quote from: operaficionado on June 17, 2013, 09:21:27 PM

When I say that devcoin is different, it is because it has a much greater potential to building an real community around DevToMe and Devcoin, a community that cares about the future of devcoin. This is due to the fact that Devtome takes care of its "developers" (e.g. writers, programmers, administrators) by "donating" to them (paying them) in devcoin. This idea is contagious, as we have all witnessed. If the people working for devtome care about making their work valuable and keeping it relevant, they are going to promote the shit out of devcoins and try and raise the price so they can sell their earnings for more.

People are saying there aren't that many writers right now, but they have doubled in the past month, and last month doubled from the month before. Look at the "Devtome Earnings" from each of these. Look at the number of writers and number of shares:

https://github.com/Unthinkingbit/charity/blob/master/account_24.csv
https://github.com/Unthinkingbit/charity/blob/master/account_23.csv
https://github.com/Unthinkingbit/charity/blob/master/account_22.csv

Devcoin is blowing up. It sucks because we aren't getting as much as we could out of a share, but in a way it can be seen as a good thing. Devcoin has more promoters now. People are never as interested in a coin if they do not hold it in their wallet, once they have a bunch, it's in their interest to talk about it a ton and try and get people interested in buying them.

So, the drawing factors of devcoin are as follows:

-Empowers creative people to take part in crypto currency
-Extremely cheap transaction costs. If you want to send a bitcoin and make sure the person you are sending to receives it within the next 6 blocks, it costs .0005BTC. If you want to send devcoin on the same pretenses, it costs 1DVC. The difference is monumental (especially if you have a high volume of transactions per day/week/month)
-Devcoin is merge-mined with Bitcoin. This means that as long as there is someone mining bitcoin, there will be someone mining devcoin. Therefore, devcoin will never die as long as bitcoin is up and running.
-Devcoin is one of the oldest alternate currencies, and is highly trusted as a secure currency.
-Regulations are being discussed, soon there are going to be rules to keep people from fucking over all the other developers of devtome, and people are going to be earning a fair amount of devcoins per share. This should come soon, and make devcoin more difficult to acquire (because you'll actually have to work to earn it), organically bringing the price upwards.

Once more people learn about devcoin and its value in the crypto market, there's no way it can't go upwards; even though it is designed to be 1/1000th of other alternate currencies, we're nowhere near that amount. Those who acquire devcoin now will have a pretty impressive ROI.

Add that to the fact that the replacement for USD will be a crypto with a controlled supply and not a hard cap or limit. DVC falls into the controlled supply unlimited cap category. This would avoid a lopsidedly deflationary economy. See https://bitcointalk.org/index.php?topic=236684.0; for my thread on this.