Intro

After having bought every single coin on binance and some of them going up %40 over night, I was looking for more places where I could buy one of each coin. There are quite a few Etherium smart contract based coins out there, but you cannot buy them on binance. You can look up what exchanges trade them on coin market cap.

Dragon coin is interesting because for one it is from one of developers at Disney

using his corporate account and posting on the w3c block chain mailing list that I did not knew existed before.

The github repo looks active, and not just one commit. Also I have a new rule about buying coins, I will only buy them if the source code is available, open source and if the data created is also open. This would rule out a few coins that I bought recently like viberate.com which is going up, but it is not open source and the data is not open either. I don't think that we should support a project like that in the end. So I am going to hold the coin for now but I am not going to buy every single coin. I think we need some kind of developer review and open source/open data stamp of approval on new coins.

Why open source and open knowledge matters

So my theory on open source and open knowledge for valuating coins and ico is this. Long term sustainability will be achieved if the source code is of the system created open for review and improvement , and the data produces in licensed under a creative commons or open knowledge license. This will allow for people to get the maximum value from the system and I see it as the end state of any project. So for example a project that try's to create a coin based encyclopedia will be supplanted by an open source and open knowledge version of it in the future. If you don't put the licensing of your data on the block chain under a clear license at the beginning of the project you will have licensing nightmares later on. Assigning all the rights to the issuing company I find to not be a great idea but at least it would allow for that company to license it later on under creative commons. The problem is going to be to how to allow for reuse of the knowledge produces in a useful manner. The wikipedia has proven to be very useful and the idea of the commons works very well. If we could turn that into a decentralized coin powered system but keep the open licensing it would be a major win.

Tutorial

Went to etherdelta.com setup an account, it gives you an Etherium wallet.



You can see my address here

https://etherscan.io/address/0x02E8521e6e540b8C0b777E7198063e9A6043959f Sold some steem via blocktrades directly into my new wallet.

Those are the transactions Deposited funds from wallet into my etherdelta smart contract account, make sure you leave at least 0.0002 for paying transaction feeds

Then looked up the coin in the drop down

Finally go into the order book, pick the cheapest sell order and click on it

Then change the amount to one coin :



and submit the order!

This GUI is not as good as the other exchange https://idex.market but the minimum order size is smaller, on idex they have a $150 minimum order size.