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!

Page relates to jasinlee's original devcoin portal Devcoin.org. Original page here is his original text, further revisions are edits. Please edit, suggest changes, vote here or on Devoin thread, with intention of agreeing on a final format.

Devcoin.org

From the many, one. From one, the source.

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What are Devcoins?

Devcoin is an ethically inspired project based on the Bitcoin crypto-currency and created to help fund open source projects created by programmers, hardware developers, writers, musicians, artists, filmmakers and other ideas you may have.

Participants in the Devcoin economy earn Devcoins in proportion to their project development. Writers earn Devcoins by writing, developers earn Devcoins by developing, and artists earn Devcoins by creating. This reward principle follows for other categories of open-source development and includes administrators and marketers who work to organize and market the Devcoin project.

We consider funding open-source projects of all sorts. If you have an idea that requires funding and would like us to take a look please share it with the Devcoin community on our thread at the BitcoinTalk.org Forum and submit your project on Cryptostocks. We understand you may not want to discuss your idea in public. If that's the case, please submit it to (email).

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Why Devcoins?

Devcoin aims to help fund open source projects, and all not necessarily related only to Devcoin. It’s worth your time and effort because it pays to be involved in the project. Direct payment for your development work or indirect payment as development is undertaken in the areas that matter to you.

By incentivising and rewarding time and effort spent working Devcoin supports real development and action today, rather than just the hope of an early mover payback tomorrow, ensuring sustainability.

There’s a growing community of people already regularly contributing to the growth and economy, people using Devcoins for payment and receipt, projects backed by existing Devcoin loans across the development and gaming community, and so Devcoin is here to stay.

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How does Devcoin work?

The purpose of Devcoin is to distribute income to open-source developers for their work in as fair a manner as possible. Many open source developers do receive any significant return. Advertising, charity and consulting may provide income but many developers, and even those with projects utilised by thousands of clients, only receive a few dollars a month. In a typical modern economy approximately one percent goes to charity. That is not enough to support such efforts, people and projects.

As developers receive so little, they can only develop their projects in their spare time which slows developments significantly. Feature requests and critiques do not accelerate development, but money will.

Devcoins provide an income for everyone who wants to work. With Devcoin no one who wants to work need be completely out of income, as anyone who produces good work may receive Devcoins. There is no guarantee this will be a high income, but something is way better than nothing. By buying Devcoins you help developers and give the world more open source software, books, music, art, and film.

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Evolution of Devcoin

Bitcoin was the world's first decentralized digital monetary system, in existence since January 3rd 2009, and the Bitcoin currency unit is now in use worldwide. Started in 2011, Devcoins are similarly created and controlled by advanced mathematics and cryptography.

No government, bank, or corporation owns or controls Devcoins or Bitcoins. Devcoins as a currency unit are created over time at a diminishing rate, but remain highly divisible. More technical and historical information may be found on Devcoin’s first open source revenue project, Devtome. (hypertext)

Devcoin differs from payment systems like Paypal because:

  • It is decentralized; no group has monopoly control
  • It is not tied to the US dollar or other national government currencies
  • It is impossible to suffer charge-backs or frozen accounts
  • It is relatively anonymous
  • Fees are optional; you may pay to process your transactions slightly faster
  • Devcoin gives people and communities a way to invest their money in and with open-source developers, with the option of withdrawing the money if needed.

Learn more about the donation philosophy on the devtome.com wiki.

Anyone in the world, of any age, in any country, for any purpose may start accepting and spending Devcoins immediately. It's an entirely free-market currency that every human on the planet may use. It returns the power of money to the people and away from the banks and the government.

The supply of Devcoins, like Bitcoins, is mathematically controlled at a pre-determined rate, and cannot be inflated beyond this. There is no sign-up or approval process. You can have a Devcoin account in under a minute.

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Step 1: You need a Devcoin wallet. This is where your Devcoins are stored.

The Original Devcoin Client Wallet is free, open-source software. And here is a thread to help setting up the wallet.

For windows you can download the wallet application:

  • Devcoin Windows32 Zip File
  • Devcoin Experimental Windows32 Setup Exe
  • Devcoin Windows32 Experimental Zip File
  • Windows Bundle

For Mac/Apple you can download the wallet application:

  • Mac OSX Devcoin

For Linux box you can download the wallet application:

  • Latest Devcoin Files
  • Sources for the linux graphical version

Information

  • Debian Devcoin-qt
  • Debian Devcoind
  • Ubuntu Devcoind
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Step 2: Getting Devcoins. This can be done in a variety of ways.

  • The most common method is to merge mine Devcoins with Bitcoins. There is at least one pool which merge mines Devcoins with Bitcoins:

1. The bitparking pool: MMPool.bitparking.com

2. You may also mine Devcoins as a secondary chain with P2Pool: P2Pool Forum thread

If you are mining Devcoins as a secondary chain, you will receive Devcoin blocks far more often than Bitcoin blocks, because the Devcoin hash rate is much lower than the Bitcoin hash rate. The mining portion of the Devcoin block is 5,000 Devcoins.

  • The next method is via participation in the Devcoin open-source community:

1. Suggest your own development idea and/or join existing efforts (hypertext to devcoin bitcointalk.org thread)

2. Take advantage of the Devcoin Wiki where you can earn Devcoins by writing (hypertext).

3. You can also earn Devcoins by advertising (hypertext)

  • A Devcoin ‘faucet’ (hypertext) where you may obtain some free Devcoins
  • If you prefer to simply buy Devcoins from others, using Bitcoins or US Dollars, two exchanges offer this facility. Both incorporate a simple account to exchange and send Devcoins to and from your private wallet.

1. www.vircurex.com

2. www.mcxnow.com

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Step 3: Spending Devcoins

The primary use of Devcoins is in project funding and as investment in yourself and a growing community where value is projected to grow longer-term as take up increases. There are other locations to purchase items with your newly acquired Devcoins in yuor wallet, including the exchanges where you can convert your Devcoins to other currencies and other popular sites available to spend your devcoins for real tangible products or non tangibles such as services.

Service description Logo

Vircurex Vircurex, the exchange platform for buying, selling and trading your Devcoins and various alt-chains.

Bitcoin PR Buzz Bitcoin PR Buzz's mission is to aid in the promotion and adoption of Bitcoin And Devcoin as the emergent currency of the 21st Century through offering massive Press Release services for Bitcoin and Devcoin projects, businesses and merchants: geared at generating massive exposure for your unique Bitcoin or Devcoin project / business / concept.

Anonymous Ads Earn bitcoins with site traffic and pay per click on your website, all anonymously. Or post your own ads also anonymously and pay for the ad via targeted advertising utilizing bitcoins.

Devcoin Alternate Currency Earn Devcoins, an alternate currency

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