Guys, when do you think devcoin could pop, I'm talking $0.10+.
I have been seeing many threads about what coin will pop in 2014 but nobody ever mentions dvc..
As for the price, for it to hit $0.10 people need a reason to buy them, and there is always going to be selective pressure towards more deflationary currencies over this one, because they are, after all, more deflationary - devcoins take this hit in exchange for allowing the philanthropists/advertisers a way in. Assuming maybe 50-80% of the payout is being cashed out each round, people have to be buying 100M-160M coins from the market with cash or another cryptocurrency every month. This means it needs an in-flow of cash around $10-$20M per month to support everyone selling the coins they earned @ $0.10. That doesn't sound impossible to me, especially if the seriously rich philanthropists who strongly believe in FOSS decide to back it. For it to get there, we need to give people amazing stuff that they just can't get enough of. That means great writing, great media, great software, great websites, etc, and if
http://www.devtome.com and it's ilk become as popular as something like wikipedia I don't see why it won't disconnect from the value of other cryptocurrencies and take its own life - the price could very well be $1/coin in 3-10 years time.
I think that as Devtome continues to grow, it will need to find new ways to grow it's advertising revenue as well. If you look at a site like Baseball-Reference.com they allow people to purchse page sponsorships. The cost of the sponsorship is wholly based on the popularity of the page.
For example.. The page I used in the link of Chipper Jones would cost more to advertise on than the page of Ozzie Guillen. Devtome could be done in the same manor based on page popularity.
If the site gets an explosion of advertising revenue over the next year and the money is used to purchase Devcoin from the exchanges. It could result in an explosion of buying pressure for Devcoin.