Quote from: wiser on June 22, 2013, 04:33:11 AM

Since ASIC miner shares have a price that's easy to look up, if they are selling for more than that on Cryptostocks, wouldn't that serve to further devalue the Devcoins? I mean, wouldn't the exchange rate of DVC relative to BTC then adjust to reflect an equivalent value for the ASIC Miner PT share?

Interesting question. My first thought was that it's actually the opposite case. The mean of the lowest ask and highest bid of ASCMDVCPT is 10404 DVC. That represents 1/1000th of an ASICMINER-PT share, so we can think of one ASICMINER-PT share as 10404000 DVC. Since 10404000 DVC = 8.22 BTC (via Vircurex), but one ASICMINER-PT share is actually worth 3.07 BTC at the time of this writing. So if you had the equivalent amount of ASCMDVCPT shares, you could sell them for almost three times the amount of bitcoins. And yes you can actually do this if you bought in when ASCMDVCPT was a more reasonable price - I turned 30 ASCMDVCPT (1/1000th) shares into 30 TAT.ASICMINER (1/100th) shares.

I see what you're saying though. If we measured the worth of DVC by how this stock was doing, then 10404000 DVC would only be worth 3.07 BTC. I don't think this is right way to think about it though - it's better to think of the value of DVC as the exchange rate on Vircurex, because that's how you can actually sell DVC for BTC or fiat. It makes more sense to think of ASCMDVCPT as simply being overvalued. I think if this were a more liquid market, people would realize they could make more money by selling their shares of ASCMDVCPT and buying another kind of share, and the price would come down to a reasonable level, or the people trying to sell shares would lower their prices more. I think the liquidity is stifled by the small number of shares personally. FuzzyBear has mentioned they are going to get more shares soon, but I haven't heard anything further than that.

Quote

Quote

I'm not sure there really is any solid investment one could offer other than an investment in ASICMINER... as far as I can tell, no other cryptostock has come close.

Isnt adding 1.5 to 2 TH/s (min. 5 Avalon trade-in and 3x Jupiter preordered) directly to the Devcoin chain solid enough?
GMP and DVB are a merged project operating on a private p2pool mining node (in opeation since allmost a year).

I meant as far as providing a financial incentive to any investors. ASCMDVCPT paid out 34 DVC per share last week in dividends. 34 / 10404 = 0.003%.

On the other hand, DVB is worth ~188 DVC per share. Last week it paid out 0.03 DVC per share. 0.03/188 = 0.00016%. The highest it paid out was 2.7 DVC per share = 0.01%, which is better than ASCMDVCPT, but it has only been this high twice. Most weeks it is in the 0.03 range.

So while I do think DVB is a good investment if you believe in the vision of DVC and want to help out with the security of DVC's future, but if someone just wants to make money, they are going to invest all their DVC into ASICMINER. Undecided

Also, I think you should probably update the info about DVB on Cryptostocks, because it's kind of difficult figuring out what you are actually investing on. Reading the actual DVB thread here sort of helps, but honestly, I'm still mostly clueless about DVB, and I'd like to invest in something that I understand.