DEVTOME.COM HOSTING COSTS HAVE BEGUN TO EXCEED 115$ MONTHLY. THE ADMINISTRATION IS NO LONGER ABLE TO HANDLE THE COST WITHOUT ASSISTANCE DUE TO THE RISING COST. THIS HAS BEEN OCCURRING FOR ALMOST A YEAR, BUT WE HAVE BEEN HANDLING IT FROM OUR OWN POCKETS. HOWEVER, WITH LITERALLY NO DONATIONS FOR THE PAST 2+ YEARS IT HAS DEPLETED THE BUDGET IN SHORT ORDER WITH THE INCREASE IN ACTIVITY ON THE SITE IN THE PAST 6 MONTHS. OUR CPU USAGE HAS BECOME TOO HIGH TO REMAIN ON A REASONABLE COSTING PLAN THAT WE COULD MAINTAIN. IF YOU WOULD LIKE TO SUPPORT THE DEVTOME PROJECT AND KEEP THE SITE UP/ALIVE PLEASE DONATE (EVEN IF ITS A SATOSHI) TO OUR DEVCOIN 1M4PCuMXvpWX6LHPkBEf3LJ2z1boZv4EQa OR OUR BTC WALLET 16eqEcqfw4zHUh2znvMcmRzGVwCn7CJLxR TO ALLOW US TO AFFORD THE HOSTING.

THE DEVCOIN AND DEVTOME PROJECTS ARE BOTH VERY IMPORTANT TO THE COMMUNITY. PLEASE CONTRIBUTE TO ITS FURTHER SUCCESS FOR ANOTHER 5 OR MORE YEARS!

Devcoin - the easy way to buy DVC

The first question popping in people's mind when they come across with devcoin (DVC) is: where can I buy devcoin? Here a you will find a brief guide having the goal to understand how you can buy devcoin safely and for a good price. As you probably know, at the moment there is only one single digital exchange allowing you to trade Devcoin. The portal is Vircurex.

Let's get started!

Step 1: Sign up

Browse to www.vircurex.com, go to the top right and click on “Signup”.

The information requested are not many:

  • username
  • email
  • password

The “Referral code” is not a required field, but if you use a code of someone already owning an account you will have a discount on the applied fee for at least one year. ( if you don't have one, you can use mine: 867-14786)

As you can realise, on this website they do not bother too much about your identity. This can be a good thing for someone, not so good for others. If you feel the need to increase the security please read the appendix at the end of this article.

Step 2: Fund your account

The easiest way to fund your account is using Vouchx, a voucher redeemable on Vircurex.com in a few seconds. The Vouchx code have the following format: VXUSD-xxxxxxxxxx-xxxxxxxx. How can you create a voucher Vouchx?

The Vircurex website advises us to use Aurumxchange. But it is actually not the only one. You can use for example Bitinstant. Who is the best? Well, I am going to show you the main features of both, and you will take the decision.

Aurumxchange

Website: www.aurumxchange.com Security: Yubikey: No Verification of your identity: compulsory In order to create a Vouchx voucher you have to:

  • Wire-transfer to Aurumchange bank account
  • Create the Vouchx voucher (1% fee)

Bitstamp / Bitinstant

Website: www.bitstamp.net / www.bitinstant.com Security: Yubikey: Yes Verification of your identity: facultative In order to create a Vouchx voucher you have to:

  • Wire-transfer to Bitstamp bank account
  • Create a Bitstamp voucher: no fee
  • In Bitinstant.com transform the Bitstamp voucher in a Vouchx voucher (0,89% fee if > 100 USD)

Note: if the wire transfer imply an exchange rate (e.g. EUR → USD), Bitstamp gives you a better exchange rate.

Step 3: Know what you are going to buy

The first thing you notice about devcoin is its low price. Is it a bad thing? Well, no if you plan to buy it before could become too expensive for you. Here a few reason explaining its actual price:

  • Till now a limited advertisement has been made, but future development are on their way
  • Devcoin born on august 2011 while Bitcoin born on January 2009: it's still a relatively young coin, but promising.
  • The stable price of a devcoin should be 1/1000 of Bitcoin, comsidering that the final quantity of devcoin is 21 billion instead of 21 million.
  • The price of Bitcoin has been boosted by illegal trading which adopted bitcoin as a mean of exchange. This is not the case with devcoin. Actually it is an ethically oriented coin, white and clean.

Appendix

In order to improve the level of security on Vircurex.com you can move in two different directions:

  • activate the two factor authentication using a Yubikey
  • become a verified user

Two factor autentication

A Yubikey enables strong, easy-to-use and affordable two-factor authentication with one-time passwords.

How it works With a simple touch of the gold disc, the YubiKey sends a One Time Password (OTP) as if it was typed in from a keyboard. The unique passcode is verified by a YubiKey compliant application.

Website: www.yubico.com Core features declared by the manufacturer:

  • Works instantly, no need to re-type pass codes from a device
  • Works on Windows, Mac, Linux, iPad, Firefox, Chrome, etc
  • Identified as a USB-keyboard, no client software or drivers needed
  • Minimized size; 2 mm thin, 3 grams
  • Practically indestructible; waterproof, crush safe, no battery
  • Integration within minutes with free and open source server software
  • Two slots for multiple configurations: OATH, Challenge-Response etc
  • Also available with NFC (NEO) and minimized form factor (Nano)
  • Manufactured in USA and Sweden with best practice security processes
  • Lowest total cost of ownership for strong two-factor authentication

Verified User

In order to become a verified user you have to provide:

  • a valid copy of a government issued photo ID
  • proof of residence (less than 3 months old) - e.g. an utility or phone bill.

E-currency


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