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!

How to Buy Devcoin – May 2014

Buying devcoin is one of the best ways, at this point in time, of supporting Devtome and any other current or future devcoin projects. Aside from supporting the open-source wiki, owning devcoin can also provide a tool for arbitrage trading on the cryptocurrency markets and may also represent a potentially lucrative long term investment. They are also cool. All the cool kids have devcoin.

If one would like to “keep” devcoin on a computer or get devcoin generated through writing or mining, a devcoin wallet will have to be downloaded. Download your devcoin wallet here: http://devcoin.org/devcoin-wallet.html

Once devcoin has been purchased, donations to favorite devtome and devcoin contributors are possible, they may be held as a speculative asset, experimented with it as a possible purchasing & value transfer commodity, or simply bought and held as a way of supporting devcoin and the Devtome open-source wiki. Unlike a simple donation, buying devcoin carries with it the possibility of a future return as well as the intrinsic value inherent to an act of altruism.

Buy Bitcoin

By far the simplest way to purchase devcoin is through the use of bitcoin. Bitcoin is currently the most widely accepted and traded of all cryptocurrencies. As a result, most other cryptocurrencies, also known as “altcoins,” are primarily capitalized by bitcoin. So if the desire is an ease of purchase, buying bitcoin is usually the way to go.

Coinbase

In the United States there are a number of ways to purchase bitcoin but probably the most trusted, with a reputation for reliability, is Coinbase.1) Coinbase is in full compliance with US laws. With Coinbase, one can link a bank account to buy and sell bitcoin directly out of and into said account. The first purchase and sale usually takes about a week but then, once established, it usually takes a few business days.

Coinbase is available for both desktop browsers and mobile devices. Limited one-time promotions are sometimes available for new users. It requires a third-party authenticator service such as Authy2) to use. Remarkably easy to set up and use. This is the only way to buy bitcoin with US dollars the author can recommend because it is the only one author has ever used dollars to purchase bitcoin with.

Bitcoin/USD Exchanges

There are a number of other exchanges which one may link a bank account to or even send a money order to buy bitcoin. Another notable example based in the United States is Camp BX, to cite another. Soon, Cryptsy expects to be able to trade in fiat, particularly but not limited to the US dollar. In fact, Cryptsy has already started an account verification process in anticipation of this new feature.

Cryptsy could be the first method of purchasing devcoin with US Dollars without going through bitcoin as an intermediary.

Exchange Your Bitcoin

Once bitcoin has been bought, one will no doubt want to immediately trade it for devcoin because one is aware that devcoin is the only currency specifically designed to promote other open-source projects, particularly writing. Since Devtome is quite delightful, and because collecting cryptocurrencies is fun and exciting, the next thing to do is to find a good exchange. Three particular exchanges are recommended. The author of this article has traded coin between all three of these exchanges with no major issues.

Cryptsy

Based out of Florida, in the United States of America, Cryptsy3) may be the first choice for US citizens if they are concerned about sending their value abroad. Crypsty enjoys a fine reputation and offers probably the widest range of cryptocurrencies of any other exchange on the World Wide Web. Cryptsy is currently in the process of setting up to accept US dollars and other government fiat so purchasing bitcoin to buy devcoin may soon be unnecessary.

Crypto-Trade

Reportedly, this exchange is based out of Hong Kong but it is said that the business may also involve the use of banks in the southern hemisphere as well. Any exchange based outside the US might concern some Americans but Crypt-Trade4) is well established and almost obnoxiously secure, so enjoys a good reputation. In addition to offering devcoin, which is the primary concern of course, CT has security and stock trading options priced in bitcoin and litecoin. This is the chosen exchange of Galts Gultch Organic, a libertarian-minded farming group based located in Chile.

Vircurex

Rumored to be based in Beijing China, this exchange might raise some eyebrows but has proven to be remarkably reliable so far and now offers interest on certain deposits. Cryptsy and Vircurex5) represent the majority of devcoin trading. Additional security is offered with the integration of a Yubi-key.

Author’s Note: Donate & Tip Generously

Be sure to donate plenty of coins and give tips, particularly to the author of this article, Caprigon , because he’s awesome, you trust him, and you love his articles.

Twenty percent of all devcoin donated through Caprigon will go to a charity of which you are not to know the specifics. The Universal Laws dictate this twenty percent counts as the second highest level of giving. The remainder of donations to Caprigon will be held in reserve to help promote devcoin and the Devtome wiki.

Caprigon Donation Address: 1BuXj2q6aD5jJDSQK9n2zoiKMnb2STFFDD

On the other hand, you may also want to tip Caprigon as a bonus reward for excellent work. Tipping Caprigon is hip and trendy! Devcoin sent to the following address will be saved or spent as the author sees fit…

Caprigon Tip Address: 1Q4siL9KD2W8cy5eguRr5z5R1iCca27Qqv (This should be the same address listed on wiki:user:caprigon)


In the US the IRS has ruled that cryptocurrencies are to be treated as property for tax purposes. This may mean that you could be taxed for capital gains or receive a tax break for capital losses but be sure to speak with your accountant or tax attorney about your specific circumstance. Neither this author, nor Devtome itself, accepts any liability should any mistake be made on your part. Consult a tax professional.


Disclaimer: Investing & Speculative Trading

Nobody can or should promise a return on any cryptocoin purchase. Some people have increased their wealth considerably investing in cryptocurrency but the opposite may also occur. There is no guaranteed value for devcoin, bitcoin, or any other similar cryptocurrency. The primary reason for purchasing devcoin suggested here is to support Devtome and devcoin itself.

That Having Been Said

You want devcoin.
You love devcoin.
You cannot get enough of devcoin.
Ooooo! Devcoin :-D

How To | Devcoin


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