Pumped

Round 28 of writing for the Devtome has been eventful, to say the least.

Devtome offline  Not too long after the round started, people started to have trouble logging into their Devtome accounts.  Then more people had trouble, and finally people found that their accounts no longer existed!  The Devtome had been suffering from a slew of bot registrations, and one of the admins in an attempt to deal with that issue ended up accidentally deleting a whole bunch of accounts, including admin accounts.  I’m sure there is way more to this story, but for days no one could figure out how to even log into the Devtome.  We would try to log in, and were told we’d entered the wrong credentials.  So we would try to reset our password, only to be told our account did not exist.

I kept writing articles here and figured that it wouldn’t be long before it did get repaired.  When the admins working on the problem finally figured out how to get back into the back end, my account was one of the first to be restored.  I was instructed to restore other writers’ accounts as they sent requests via the Bitcoin Forum private messaging system.

I am not sure how many accounts I restored.  It wasn’t difficult and I was happy to do it.  Plus there was a nice extra payment for my efforts.  Whenever I’d get a PM through the Forum, I tried to take the thirty seconds to restore the account in question so that the writer could get back to publishing his content.

Bitcoin Forum hacked  Then the Bitcoin Forum went down, and stayed down for a week.  It was hacked by some people who put up an error message screen saying something along the lines of “Bitcoin has been shut down by the FBI for being illegal.  Bye.”  If my gullible nature could have survived the near heart attack from seeing such a screen, I would have loved to have gotten a screen capture.  However by the time I logged into the Forum, the owners had become aware of the problem and rather than scare everyone opted to take the entire site down until they could figure out what happened.

It appears that the hack was nothing more than a prank, but I guess we’ll see if any passwords or other sensitive data were stolen.  I did change my password on the Bitcoin Forum and any other sites using that same password, and I’m truly hoping that was overkill.

We Devcoin enthusiasts have relied so heavily on the Bitcoin Forum to communicate with each other that it took me a while to figure out how to allow people whose Devtome accounts still needed to be restored to contact me.  I was thinking in terms of general communication.  How was that going to take place with the Bitcoin Forum down?

I offered this blog post as a space for people to discuss the options for communication.  No one seemed to feel it was particularly urgent to set up a new temporary communication channel.  However, I did get one request via a comment for a Devtome admin to please restore his or her account.  I realized that since that individual had left a comment, I also had his email address, which meant that I could contact him with the information about his Devtome account being restored.  So I did.

Then I set up a space for others to request account restoration and actually got quite a few requests that way.  So at the very least, people had a way to get their Devtome accounts restored even without the Bitcoin Forum working.

I had one scary moment the day after the Bitcoin Forum outage began.  I tried to access the Devtome and it just happened to be suffering from a distributed denial of service attack (DDoS).  In and of itself, that isn’t anything particularly new or exciting.  However, right on the heels of the Bitcoin Forum being hacked, it made a huge impression on me.  I began to wonder if maybe there was a more widespread problem, affecting all areas of the cryptocurrency world.  I quickly tried to log into a few of the other crypto related sites I use, and fortunately all was well.

CoinAd down  Mostly all was well.  Over the weekend CoinAd went down for a couple days.  It was annoying because I’d just shared my review of CoinAd on the CoinTasker social network.  But more than that it was disconcerting.  What next?  Fortunately the site came back online within a few days and by Monday morning I was back to earning by looking at their ever growing pool of advertiser sites.

Devcoin pumped  This morning I woke up and had a few minutes to log into my mcxNOW account.  When I did I found that I had a half Bitcoin more than I had last night.  I maintain sell orders for way higher than the going exchange rate, and during the night, the price of Devcoins actually went up high enough to fulfill two of those orders.  I replaced those two orders and went about the rest of my morning.

The next time I logged in I found I’d gained another Bitcoin.  I had sell orders clear up to 95 satoshis get fulfilled.  Ninety-five satoshis is the highest price I’ve ever gotten for Devcoins.  I’m not sure what is going on but since this morning there has been three to four times the normal amount of Devcoin buying support, and at one point, the price hit 96 satoshis.  That moment was quite brief, and the only reason I was able to benefit from it was because I had sell orders up.

The last time Devcoin was pumped I pretty much missed it because it all happened while I was off-line.  And I resolved to from then on maintain sell orders at various prices so that the next time this happened I’d be in a position to benefit from it.  That was several months ago.  Finally my patience paid off, and I was able to sell a bunch of Devcoins at a much higher price than what the market rate was either before or since this morning’s pump.

The price of Devcoin has dropped back down to the fifties.  However, that is still much higher than the 38 satoshis it was trading for going into the weekend.  Not only that, the buying support is still going strong.  If I were to put up the same series of sell orders tonight, it’s quite possible they’d all get filled during the night.

Devcoin is not the only thing that is pumped today :-)

Opportunity costs  I was quite tempted to purchase another mcxFee share with my newly acquired Bitcoins, but this time I opted to send them all over to my CoinLenders account and let them earn a steady rate of return of over 22 percent.  In the crypto world you definitely cannot afford to put all your eggs in one basket.  Diversification can be painful as the opportunity costs pile up.  The price of mcxFees keeps climbing.  It’s been over one Bitcoin for the better part of today and it doesn’t appear to be dropping in price anytime soon, especially with the payouts clearly increasing.

I tell myself that I can purchase an mcxFee share with my next Bitcoin.  But that will be a while as I want to make sure I’m maintaining a healthy stockpile of Devcoins.  Funny how I never really had a plan for what I would do should a significant number of my sell orders actually materialize…

I did gain a boost in motivation to write some more, and there’s much to tell.

Enough excitement  Round 28 has another 300 or so blocks remaining before the receiver file is generated and just like with the last one I want to finish this one strong, with lots of writing.  I did not quite meet my goal of writing something every weekday.  However I have been steadily contributing material for the entire round.  I want to keep going, but I have a strong sense that the round can pretty much end anytime and I will have done well.

I wouldn’t mind seeing the price of Devcoins continue to increase.  But other than that, I think we’ve had quite enough excitement for one Devtome round.

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