Bitcoin Forum

This thread is for all of CryptoKingdom's markets, which include corporations, depository shares, derivatives, consumables, land and items. This topic will be self-moderated, so no spam or other nonsense.

Game can be found here: https://cryptokingdom.me/

Anyone thinking that the CANN market is dropping below 25mil is deluding themselves. They destroy and protect buildings--those buildings are the main revenue source for land owners, so cheap out on defense at your own peril.

Had thought about setting up a thread like this of my own, but nice to have someone else handle the moderation ;D

One thing that has impressed me is the variable economic models at play in CK. For example, gold (CKG) is limited to roughly 1,000,000 units permanently. There is a trading item, HM02B100, which represents the value of 100 CKG. It is currently trading at roughly, 2.25mil M (note: M is the in-game currency). Some items, such as jewelry have gold in them, meaning that they have a certain "base" value in relation to the amount of CKG used in their production. During the pause, for example, I acquired some collectible and jewelry items purely for their gold value, as they traded roughly in line with the prevailing price per CKG, or at a discount. If needed, I can "smelt" these items back into CKG, though that would destroy the item in the process.  

Put some bids up; I am sure hoarders would be happy to sell into some bids if they are reasonable. For example, foie gras (FOIE) has bids at roughly the same level as MEAT, but far more culture and a decent amount of health and wisdom to boost. The current bid on FOIE is below my average buy-in, though I did sell to one bidder at 13k M as that was above my buy-in.

I have a feeling though that the consumables market will change once NPCs come back online and there are 100's to 1000's of additional mouths to feed ;)

Reader note: All CAPS typically relates to the "ticker" or "symbol" of the item as shown in the Crypto Kingdom marketplace. 

Depending on the other items in the jewelry, you'd also get those back (IE. diamonds, saphires, rubies, pearls, etc). Also, there's a smelting fee to discourage destruction of rare collectibles.

made some millions of the RWWC dump. Is there a reason that there are only custom swords unlike with the guns?

All NPC have swords but must be outfitted with guns, so I suspect that the custom swords are meant as an heirloom weapon for houses and clans.

Wish I was at the Castle to make the most of the E1 <--> M3 arbitrage opportunity :(

B1 <--> M3 works as well, but not quite as well.

Newcorp price halved since yesterday. Might be a buying opportunity, though of course that's very hard to judge currently.

WIRS for sale.

Both nice tips.

What about some currency speculation?

If the goal is to increase people by 1.5% daily, and the proposed plans for the Markka supply being very few publicly..

If the goal is to have Markka marketcap at 100 mil by november, about 210 days...

If we keep up with a 1.5% daily increase starting from active participants vs. number accounts alone we get a lot of different possibilities...

a 100 mil marketcap with a 620 billion supply is about .00016129 USD per Markka, up from a 10786500 marketcap, or about .000017398 USD per Markka now, keeping supply fixed.

This is 9.271x up from here, or we would be at about 10.7865% of the way there.

Alternatively, new issuance may account entirely for the gain in marketcap. If the current supply is 10.7865% of the total required to make the marketcap 100 mil at this price, then a new issuance of 5747925648000 - 620000000000, or 5.127 trillion would take us there.

By day, this would be about 24418693560, or about 24.4 billion per day issued, equivalent to 3.93 % daily inflation. Of course this would likely assume the sales of Markka at the current market price, so that would require total sales of about USD 89 million into november, or about USD 425k per day.

Now onto the 1.5% daily user increase I saw proposed somewhere:

I'm figuring about ~100 active users, and 1200 accounts is the situation now.

Over 210 days this expands linearly to 2280 active users and about 27356 accounts.

This is about 2180 active users and 26156 accounts by day 210.

This corresponds to a minimum increase of 2080 users and a maximum increase of 25056 users.

Assuming active users are the bulk of the depositors (other 23k people negligible wrt deposits), we'd be looking for ~2080 people to spend, on average, USD 204 per day to get there using the newly issued currency idea. Likely this would end up power law-distributed wrt buying ofc, but im holding for simplicity for averaging.

So do we think that we can find 2080 people over the next 2/3 year whom are willing to spend on average USD 200 per each day? This is about 42K per person over 210 days.

If no, and you trust the words of 100m marketcap, then the speculation is that the price will increase. If yes, and high inflation route is assumed, then the speculation is that the price will at best stay the same. If yes, and the supply is not inflated, well I would expect extreme volatility.

Either way, I'm looking forward to some games :)

Housing markets report. These houses / land lots are for sale at the moment:

Borough 1
2000 mil: https://cryptokingdom.me/land/lot/details/14

Borough 4
15 mil: https://cryptokingdom.me/land/lot/details/724

Borough 9
15 mil: https://cryptokingdom.me/land/lot/details/943
120 mil: https://cryptokingdom.me/land/lot/details/929
120 mil: https://cryptokingdom.me/land/lot/details/928

This will hopefully be a weekly report, published every weekend :)

To this, I would add that once you think in more "game" than "cryptocoin" terms, the numbers certainly appear possible.

For example, Tencent recently purchased Supercell (Finnish developers of mobile games like Clash of Clans) for $8.6 billion. This was for 84% of the firm, meaning the firm is valued at roughly $10.2 billion.

"Earlier this year [2016 data], Supercell said its four titles — Clash Of Clans, Boom Beach, Hay Day and Clash Royale — had reached over 100 million cumulative players each day. Those games helped the firm to a pre-tax profit of €838 million (approximately $960 million), up some 60 percent year-on-year despite revenue growth slowing during the same period."

Mobile games are typically driven by "whale" players, meaning those who spend $10k-$30k or more monthly. I recall an article with one dude - who worked in Silicon Valley - who was so obsessed with Clash that he actually took his game into the shower to make sure he didn't "log off" and get attacked and drop down in the top ranks.

If you go online, you can see all sorts of stories about people shoving money into these mobile games. Some game companies are especially "creepy," creating fake Facebook profiles and friending whales online, then creating in-game content that matches the player's likes. Like finding a whale's favorite soccer team and creating a in-game flag with the same colors for an insane price.

On this fairly recent Clash thread on Reddit, you can see plenty of "average" people plowing $5k or more into the game:

https://www.reddit.com/r/ClashOfClans/comments/3d0y73/misc_how_much_money_have_you_spent_on_clash_of/

And what do you get for your money in any of these mobile games? Typically nothing! CK already has in-game corporation and production ownership, as well as other aspects, while in a game like Clash, your purchase may typically at most just save a few hours on the build timer.

Most mobile games are rigged "waiting simulators" that either spread only a day or two of real content over years if you aren't willing to play or actually create impossible gameplay scenarios that require in-app purchases. A great example of the latter is "Peggle" on mobile. I remember many, many years ago getting Peggle for like $10 or so on the desktop. Fun little game. The new mobile version is actually 100% impossible without in-app purchases after a certain point...

Curious to see how the land market will perform in the upcoming weeks. While that first lot in Borough 1 has excellent 105% macrolocation [note: this is a measurement that influences rental and revenue pool payouts; this is a measure of the desirability of the land and its proximity to the center of the town, where the best properties are], almost 2 billion M may be a little steep. Would be a good call of faith in the game if someone was willing to purchase the property for that as this is just for the land; no buildings have been created on the plot.

Of the two 15 mil properties, the one in Borough 4 is the better deal as it has 20% macro (compared to 0% for the other). Actually, for someone willing to spend some M, both of the 120 mil plots could be good investments as they already have buildings and, thus, rental income, meaning yearly in-game ROI potential is built in; which is weekly "in real life."

I would say to HMC to maybe link to some images of the older spreadsheets that really detail the layout of the land. When I saw those several months ago, it really made me take another look at CK as it was clear there was more analysis and planning going on than I had anticipated.

https://docs.google.com/spreadsheets/d/1ln1LSQwPajGNMhtQ8LieWKyQ4rgo-Vnr6-NHkx-Ee00/edit?usp=sharing

Here's a walkthrough of the Golden Goose that Sphericon made with minecraft.

https://onedrive.live.com/?authkey=%21ALh6LPqm81QpB9I&cid=C27379C5E665F705&id=C27379C5E665F705%21108&parId=C27379C5E665F705%21106&o=OneUp

AFAIK it's to scale and the specs are accurate.

Palazzo has finally released Diamond Quest after some testing by deborah and xin (thank you very much!). It takes bids in m. Try playing!

http://palazzo.cryptokingdom.me

https://i.imgur.com/jxM38Ub.png

whether there is interest in her?

I am pretty sure that S-LL "The Lucky Lion Corp (C-C-C)" need some love from buyers.

What are its assets?

I would advice to hodl SW5 tight. Just 262 items with unknown effect, worth holding, anything could happen.

To make markets more followable, understandable and chartable, there is work to be done. Such as adding a price column to trades. For trades that execute in multiple prices it is more complicated, but maybe it could be done so that it shows volume weighted average price. Also, adding API access to query change log and/or trade log would be great for the nerds out there.

Change log requires some optimisation first, it's extremely slow, maybe just for me.

I guess I was expecting some downward movement when the distribution was completed yesterday, but was surprised to see this morning that there were multiple asks under 3 million.

I agree that it would seem more valuable than that, given the limited supply.  I'm very interested in this market, just because I was lucky enough to have joined right as it was gifted by Zenon, and it's my one big-boy chip  :) 

Have to agree on this point. It was one of the main items I mentioned in an earlier "wish list" post of mine that you can find in the design thread (https://bitcointalk.org/index.php?topic=1207367.0). I get the double entry changelog system, but it is very foreign to new players and most don't want to manually do the math to see what items sold for via in-game currency M before.

The trading engine overall is very elegant and has a lot more functionality than any other crypto trading site I've come across. However, graphs/charts on the level of Poloniex/Bittrex could certainly be helpful. Say timeline with historical candle and volume charts. Order book depth. And ownership distribution.

Just going to update everyone on the depository levels. Depositories are external funds - currently XMR, BTC, and Euros - that are stored within the game separate from the other in-game items, such as the in-game currency M. They represent the demand and market making from these currencies into CK.

For Bitcoin (B1: https://cryptokingdom.me/marketplace/item/b1) there are currently ~525 BTC. That is roughly $616k in USD.
For Monero (M3: https://cryptokingdom.me/marketplace/item/m3) there are currently ~65k XMR. That is roughly $1.2m in USD.
For Euro (E1: https://cryptokingdom.me/marketplace/item/E1) there are currently 200k Euros. That is roughly $214k in USD.

In total, depositories represent over $2 million in USD! :o

Also, pay particular note to the XMR/M3 market. There is an order to convert 16.5k XMR into in-game currency M. In the Euro market, there is close to a 100k euro order.

M3 wall is half gone. Doubt it makes it to morning.

The wall is almost eaten.

Only 134K left--I don't no what happens when it's eaten, but I'm prepped either way (although sideways would be boring).

And it's gone.

E1 reevaluated at -5x, making live arbitrage against b1 and m3 an easy money maker--though you have to be where there is an e1/m exchange agent to make use of it. Sucks to be in the Americas.

CK Marketcap in EUR				 - 59,97 mil 
CK Marketcap in Bitcoin (EUR equivalent)	 - 13,73 mil
CK Marketcap in M3 (EUR equivalent)		 - 12,98 mil

Due to wild market move I decided to increase my ASK on S-LL (Lucky Lion) to 20,000,000m. Don't forget that we are waiting for dividends also.
The one caveat of these shares is that they are mostly backed by m3 unfortunately. You never know.

Inflation!  So if my M marketcap just doubled, should I be expecting the prices of depository shares and staple items to rise (nearly double) as well?

https://bitcointalk.org/index.php?topic=819073.msg18493451#msg18493451

Some Loafy analysis on recent changes...

Main thing is we had functional units of Markka (M) yesterday of 600 billion. Today, 100 billion was "burned" by rpietila and his group, taking us to 500 billion total M. Functional units were then doubled (x2) to 1 trillion M, possibly for ease in future pricing/market making.

(Additionally, more "zeroes" makes users feel wealthier and more apt to spend in-game. Recall this as a selling point of Dogecoin, where everyone could be a millionaire.)

Previously, we discussed how there was liquidity for those with M wishing to sell for depository shares (BTC, XMR, Euro). Roughly 18k XMR and 2 million Euros were used towards this effect. Meaning rpietila was willing to go from items that have current perceived marketability to one that does not (at this point in time). Why would this be done? Well, the more M the CK market makers own, the more control they can exert over the markets.

Now at this point, those more familiar with the usual altcoin/"shitcoin" logic will wonder; where is the dump? Those monitoring CK and the related depositories (as well as the now announced 24/7 cash trading desk set up by rpietila "irl") will see that the game is now moving towards major market making on the part of rpietila and his group. How does Wall Street and the more "mature" edifices of the economy make their money? Market making; profiting from the spread. That is what is being done here.

So now we have an instance where there is an arbitrageable opportunity between BTC/XMR and Euro depositories for CK, on the factor of roughly x5 between the two. We have already created demand for the trading desk. A floor has been sent for 2,000,000 euros at 10k M by rpietila, meaning the price should move upward on E1 to M while the price moves downward from BTC and XMR to M. This can already been seen by those "feeling" richer as a result of the x2 multiplication of M selling into BTC and XMR depositories.

At the core, arbitrage speculation has been set on fire! ;D

In the long-run, I would say this is certainly possible. Think of it like this. Say you own 1 share out of 100. We then split the stock where you now own 10 shares out of 1000. Has your % ownership changed? Nope. You just now have more "units" for more "fine tuning" of the price ;)

If you look at stock splits for publicly traded entities, typically the market cap rises in response to a split even though, perhaps, nothing has changed functionally at the firm.

https://media0.giphy.com/media/26ufdipQqU2lhNA4g/giphy.gif


If anyone needs help understanding the recent market changes, this post from Risto helps immensely. I myself thought that the way the ckchart.cryptokingdom.me tool was calculating arbitrage was unclear and I was calculating my own price differential by hand. From Risto's post above, it looks like my process was close, but a step removed from the most efficient way to look at everything.

Naturally, this data changes all the time, but let's work with some current data.

In E1 (EUR), we have 10k M = 1 E1. [For ease, I am just going to say 1 EUR = 1 USD, even though the rate is 1.00 EUR = 1.06 USD roughly.]
In B1 (BTC), we have 35k M = 1 B1.
In M3 (XMR), we have 5.45k M = 1 M3.

Now the 10k M = 1 EUR is easy. For the others:

35k / 0.001 = 35mil M = 1 BTC [each B1 = 0.001 BTC]

5.45k / 0.01 = 545k M = 1 XMR [each M3 = 0.01 XMR]

Now we can take each of these and divide by 10k to see EUR equivalents for these currencies (i.e., what is potentially arbitrageable).

BTC = 3,500 EUR
XMR = 54.50 EUR

So now we have arrived at Risto's values. Naturally, these are well above the market rates for these coins elsewhere.

BTC = 3,500 - 1,175 = 2,325 / 1,175 = x1.97
XMR = 54.50 - 19.50 = 35.00 / 19.50 =  x1.79

So the 10k M = 1 EUR peg is key to all of this from the sense of ease of calculation. Before, I was converting to functional "1 EUR" equivalents in BTC and XMR, and calculating from there. So like a cross market exchange rate, but obviously the extra steps were unnecessary and I feel foolish ignoring the computational value of the peg. This way is much easier! :)

What is likely to happen when the EURO peg runs out?

Without the peg what would be natural price for e3 in M? How 'unnatural' is the peg in your opinion?

Is the only way to withdraw EURO in cash at ristos castle?

If player numbers don't increase, wont the likely result be a stampede into m3 and b1 with the last to exit taking a massive haircut?

Fascinating developments!

Another one will go up (or not).

Even when euro/m wasn't at current position, there were arbitrage opportunities in b1 <--> m3.

Embassy or Agent, but how else would one get cash?

Check out how much of depo shares and m coinshop owns. Coinshop can't exit, but can ladder prices to continually favor its bottom-line.

Agreed

Putting legal matters to one side for risto operating as a money transmitter in estonia (which I have zero knowledge of), just trying to determine if everything hinges on the peg lasting long enough to get more players, or does this setup just 'work' now as an exchange desk for currencies.

If there was another option to withdraw EURO I would be sold, but in a crisis having to fly over and take cash through customs to exit makes this more of a whale thing, dolphins and up probably.

Would love option where agents took EURO and did bank transfer, or used courier service.

Saw this today, looks awesome for everyday use, maybe an agent could use it for inspiration
https://www.livingroomofsatoshi.com/?sc=xmr

If you contact someone there, they can get someone from localbitcoins to trade the e1 you GIVE them into euros and then btc to b1 and then GIVE the b1 to your account--or leave it in btc, but then you miss the opportunity to sell into the inflated b1 asks and keep your assets within the context of a video game.

Or you could wait for others to do this and watch the prices align via arbitrage working its magic.

Or lending is introduced and those who bought overpriced b1 and m3 get a reality check from shorters with enough foresight to see what eventually will happen by the first and second statement.

Thanks, good tip!

If the agents are good at customer service like that, then I'm more than interested now.

Weekly housing markets report. These houses / land lots are for sale at the moment:

Borough 1
1000 mil: https://cryptokingdom.me/land/lot/details/14

Borough 2
240 mil: https://cryptokingdom.me/land/lot/details/363

Borough 4
15 mil: https://cryptokingdom.me/land/lot/details/724

Borough 9
15 mil: https://cryptokingdom.me/land/lot/details/943

Very nice and long-awaited S-LL (https://cryptokingdom.me/marketplace/item/S-LL) dividends finally :o

What was it per share?

Don't remember, but it was worth buying shares for approximately M*1,000,000 - M*500,000 each.

I own 25 shares:


404681 Dividend M3 1,250
404671 Dividend M  2,500,000
404663 Dividend M  25

can I calculate the maintenance costs for buildings in advance? How expensive was maintenance in the past?

The clans update will more than likely bring major changes, so prior information that you find in the CK thread may be less valuable. In any event, you can't building anything at the moment, but if you are talking about items you already own, I would say keep some M on hand to pay any fees.

What's your char ID #? I promised to raffle off a prize in IRC and you, Sammy007 and Loaf qualify.

955

It was 50 M3/share, plus 10000 M/share.

Two recent posts worth taking note of:

https://bitcointalk.org/index.php?topic=819073.msg18547533#msg18547533

https://bitcointalk.org/index.php?topic=819073.msg18551877#msg18551877


Second Life is a very interesting case study as it is something that most have given up for dead (https://www.wired.com/2015/12/5-companies-you-thought-were-doomed-but-are-actually-fine-for-now/), but still generates solid revenue on a fairly small player base. The company is trying to move into VR with their latest project (https://www.wired.co.uk/article/philip-rosedale-high-fidelity) and the stock is actually traded on SharesPost, though I couldn't find recent price data.

"As recently as July 2009, one breathless analyst forecast annual revenues for Linden Lab at $100M USD and valued the company at $678-700M." - http://nwn.blogs.com/nwn/2009/07/700-million-world.html

Curious what others think about CK in relation to Second Life and vice versa...

Found some additional data on Second Life. Perhaps the CK setup can avoid some of the problems SL has experienced (and can learn from them).

Data driven site for Second Life: http://gridsurvey.com/

http://nwn.blogs.com/nwn/2017/04/second-life-annual-revenue-sansar.html

"Second Life Annual Revenue Likely Down to Around $50 Million, Based on Land Tier Payment Estimates -- Was $100M/Year in 2009"

What is char_id of the corp? IIRC it mostly backed by M3, this is good, real assets are better in any age. M lost 70% of its "value" since yesterday (IRL time). Vapor holders losing their shirts.

Update: M lost 100% of its "value" (5 min. after). This is reality check.

M to the Moon(s of Saturn)!

For more visibility:

Will be interesting to see how depomarkets react.

I am re posting here the post on the EUR (E1) markets that was deleted from the main CK thread.


Here are my thoughts on all of this.

Markka, M, is both the ingame currency for CryptoKingdom and equity in CryptoKingdom itself, since it is CK re-denominated. This is like using stock in Linden Labs rather than Linden Dollars as the in game currency in Second Life. Personally I find the idea very appealing since effectively CryptoKingdom is owned by its players.

Pegging M to EUR made no sense at all. This was aggravated by an artificially high price about 3.5x the market rate and highly restricted market for EUR withdrawals. So to say the least I am very pleased that this artificial 1*E1=10,000*M peg was removed from the marketmaking and E1 will be allowed to float freely. Nevertheless E1 is to say the least very inefficient for deposits and withdrawals, especially when compared to M3 and B1. It would make sense to do market making for E1 based upon M3/M and B1/M rates and the EUR/XMR and EUR/XBT rates.

Re-denominating M based upon the market value of E1 makes sense to me provided that that it is based upon proper market discovery, which in practice may involved the M3/M and B1/M rates and the EUR/XMR and EUR/XBT rates.

I fail to see the point of a separate item for E1 certificates unless these certificates charge or pay interest. If someone wishes to hold EUR in CK why can't they just hold E1?

Edit: A stock split and a stock dividend are in reality the same thing, although some tax authorities attempt to distinguish between the two.

This is of particular interest here, and it's less likely to be rage-troll-deleted here.

Here is a snapshot of the CryptoKingdom depository markets and their pricing in terms of  Markka (M) and Monero (XMR)

In terms of Markka

M3 (XMR)
32,789  (Ask)          32,464  (Bid)

B1 (XBT)
184,149   (Ask)     182,321 (Bid)

E1 (EUR)
90,000   (Ask)       10,201  (Bid)

Now here is where it gets very interesting. I used the mid market price for M3 (XMR) 32626.5 and recalculated the prices in terms of Monero (XMR) and compared them with the external free markets

M3 (XMR)
1.005      (Ask)     0.995  (Bid)        1.000

B1 (XBT)
56.44      (Ask)    55.88  (Bid)           57.92 (Market price from Coinmarketcap https://coinmarketcap.com/#BTC)

E1 (EUR)
0.02758  (Ask)        0.00313  (Bid)       0.05181 (Market price from Coinmarketcap https://coinmarketcap.com/#EUR (https://coinmarketcap.com/#EUR))

Can someone please explain to me why anyone would sell EUR for 0.00313 XMR each (319.5 XMR/EUR) when the current market value is more like 0.05181 XMR (19.30 XMR/EUR)? We are not talking futures contracts here or are we?

up apparently :D

I hope this post fares better in this thread.

I also think that having the ownership tied to currency is a neat idea, when tied to a game. I suppose it would also be partially equivalent to using Activision Blizzard stock as WoW gold. Partially because they offer multiple games that use different currency, and because those games don't offer property of value (with title to non-fungible land), though they do offer fungible items.

I'm a little on-edge about non-fungible land (titles to land in chapelries), due to seeing how the Star Wars MMO ended up with so many barren houses, but haven't put much thought to that yet. Maybe if it's designed well then it'll be different.

I'm still a lot confused about the E1 peg, unless it was an attempt at an early buy-out or something. Maybe it was just the act of giving without a fuck? Maybe it was an attempt to confirm the belief that, today the proclamation could be made that he's definitely probably got another million in his pocket (25% outstanding Markka ownership i think is what he's got, and said it won't go below 5M cap). Maybe a lot of things, as instructions seem to come day by day :)

As far as E1 certificates - maybe a CYA to say 'oh its game items don't pay attention'? Also the exchange for certificates, assuming the reach is greater than that of the current walking ATM's, would allow for digital movement of E1 from one to another without having to exchange for something else. This of course hinges on whether or not physical Euro's can be redeemed IRL. I don't have a passport ATM, and don't have anyone locally in which to guarantee this is the case, so have chosen to assume that the truth has been spoken in regards to there being 800k or so Euros that can be redeemed from walking ATM's and/or depository in some location somewhere in Estonia, probably in or around Tallinn, I'm not familiar with the geography.

Good point about the stock split == stock dividend, hadn't thought about it like that. But dividends typically are given in fiat, and the choice is often (to the point where it's just a checkmark), but not always, to buy stock with that fiat that was divided. In this case, with the stock being the same as currency, they are the exact same.






Thank you very much for doing this, I've wanted to do this, or something similar to it, for a few days now.

Stability wrt XMR at this point with these numbers would indicate that B1 should stabilize ~ 60, and E1 should stabilize ~.05.

Seemingly there is unease in owning E1 itself, as its only withdrawal method being physical atm.

Maybe it's just to analyze/measure the rate at which people will pull 'x' currency out of the system, and move forward accordingly?

Add: of course there is the very real possibility that stability  with xmr does not happen, or does not happen very long, as I did see the claim somewhere that the costs of depository shares are going down on the return of 100 billion markka.. in which case I would imagine the relentless selling of deposited shares would likely continue .. albeit with less confusion than before.

http://ckchart.cryptokingdom.me/

Anyone following the depository markets in CK has to conclude that trying to peg Markka to Euro at 10,000 M = 1 EUR is at current market values is pure fiction.

Historically states have maintained this kind of fiction by imposing foreign exchange controls, including different forms of the "same" currency, and or course restricting and even prohibiting the holding of foreign currencies. The point of exchange controls is to preserve the foreign exchange reserves of the sovereign, while maintaining the fiction of a higher valuation of the national currency than its actual market value.  In the case of CryptoKingdom the foreign exchange consists primarily of Monero (XMR), Bitcoin (XBT) and now Euros (EUR).

I am providing two links one historical and one modern on the subject of exchange controls for those who may not be familiar or have actually experienced this issue.

http://www.bankofengland.co.uk/archive/Documents/historicpubs/qb/1967/qb67q3245260.pdf (http://www.bankofengland.co.uk/archive/Documents/historicpubs/qb/1967/qb67q3245260.pdf)
http://www.linklaters.com/pdfs/mkt/london/Eurozone-Bulletin-Capital-Exchange-Controls.pdf (http://www.linklaters.com/pdfs/mkt/london/Eurozone-Bulletin-Capital-Exchange-Controls.pdf)

I personally have experienced foreign exchange controls from the 1960's until the 1990's.

Weekly housing markets report. These houses / land lots are for sale at the moment:

Borough 1
2000 mil: https://cryptokingdom.me/land/lot/details/14
29.5 mil: https://cryptokingdom.me/land/lot/details/182
29.5 mil: https://cryptokingdom.me/land/lot/details/183

Borough 2
400 mil: https://cryptokingdom.me/land/lot/details/331
240 mil: https://cryptokingdom.me/land/lot/details/363

Borough 4
74 mil: https://cryptokingdom.me/land/lot/details/757
30 mil: https://cryptokingdom.me/land/lot/details/726
15 mil: https://cryptokingdom.me/land/lot/details/724

Borough 9
280 mil: https://cryptokingdom.me/land/lot/details/913
150 mil: https://cryptokingdom.me/land/lot/details/919
150 mil: https://cryptokingdom.me/land/lot/details/918
15 mil: https://cryptokingdom.me/land/lot/details/943


Next report coming this weekend.

CAN production went up 10x, but the price is about double in correlation: 1.6mil @ 3,000 to 16mil @ 600. The tendency of the market has always been to hoard CAN, so no telling where the price steadies (I say steadies as CAN"s always been a volatile market).

To just provide an idea of the sort of money flowing around...

This property was just sold for 2 BILLION M: https://cryptokingdom.me/land/lot/details/14

This was a prime 700 sqm lot with 105% macrolocation (which shows desirability of the land).

With the 10k M to 1 Euro peg in place, this is a 200k Euro purchase.

Additionally, here's a look at the hot wallet for withdrawals for CK:


These are people getting money out of the game and withdrawing BTC.

E1

Price       Amount      Player
9,000     9407035     Coinshop  :o

Weekly housing markets report. These houses / land lots are for sale at the moment:

Borough 1
250 mil: https://cryptokingdom.me/land/lot/details/40
29.5 mil: https://cryptokingdom.me/land/lot/details/182
29.5 mil: https://cryptokingdom.me/land/lot/details/183

Borough 2
10 mil: https://cryptokingdom.me/land/lot/details/340

Borough 4
45 mil: https://cryptokingdom.me/land/lot/details/726

Borough 5
100 mil: https://cryptokingdom.me/land/lot/details/819

Borough 9
150 mil: https://cryptokingdom.me/land/lot/details/919
150 mil: https://cryptokingdom.me/land/lot/details/918

I was confused about CAN flooding via registration even before the 420 dividend, but you're right in that there seems to be little rhyme or reason to the price for the most part.  There were some major consumption events right after the dividend, and I expected to see more, but the Top of the World scores have certainly reflected cheap CAN (need to consume 3k+ to get near the top 5 now). 

With all the bot-registrations increasing the CAN supply, the price still is 3x the inflation price. CAN is always in demand and whales love to hoard it, so the pressure always ends up increasing the price. Risto's tried all kinds of controls to get it at a target price (500 at one time), but nothing works :)

Selling some corporate shares:

https://cryptokingdom.me/marketplace/item/s-gb
https://cryptokingdom.me/marketplace/item/s-ggg
https://cryptokingdom.me/marketplace/item/s-ll

Also some realty:

https://cryptokingdom.me/land/lot/details/931

I'm going to re-post this here,


About 12 years ago I went through a bad patch in my life, I started drinking heavily, behaving badly towards family/friends, making bad decisions, becoming unreliable etc it went on for about 2 years. I went to the doctor over another issue and he asked me if I was depressed, and I answered 'yes', thinking it was a literal question like 'are you tired?', or 'do you get headaches?'. Luckily for me I followed the doctors advice and saw a counsellor for 10 therapy sessions which started the process of bringing me back to my former mental state, and helped me realise what was happening to me. I was diagnosed with a version of post traumatic stress disorder, induced by grief. In retrospect it saddened me that so many of my friends, work colleagues, and family didn't do anything to intervene, even though many knew of the traumatic experience I went through. It was easier to explain my destructive behaviour as a character flaw (I was a 'dickhead'), rather than an alternate explanation, like I was going through a mental health crisis.

I think it's very likely risto is suffering some sort of mental health issue now, probably induced by grief over the losses in his life. He's acting like a 'dickhead', but that's a symptom, not his underlying personality. This is a difficult subject to raise, but I do it as someone with personal experience of mental health issues, and also as someone who admires what risto did for monero in the early days (e.g. my understanding is risto gave fluffypony his hefty stake in CK as a gift). The current situation is analogous to watching a really drunk person pick up their car keys to drive home, there's a good chance they'll kill themselves, other innocent people, or probably both. Maybe it's time to take the CK car keys off risto, just until he's 'back to normal', so he doesn't do damage he deeply regrets later.

In the midst  of all of this turmoil a valid exercise is estimating the actual value of Markka and thereby obtain an estimate on the market cap of Crypto Kingdom.

If we consider that the only reliable depository for withdrawals is M3 - XMR at least while saddam is running it. At around 7:00 UTC April 27, 2014 I performed an analysis that started with the purchase on the open market of 1 M3 0.01 XMR for 599,997 M.  This is equivalent to 59,999,700 M for 1 XMR. or a market cap for the 2,000,000,000,000 M of 33,898.305 XMR. Another evaluation is if we consider the holdings of Coinshop of M3 at 300,000 M3 or 3000 XMR I would consider 3000 XMR to be the lower limit, since this reflectively only values the "foreign currency" holding and places no value on the game it self.

As for the pending B1 and E1 withdrawals these are essentially a claim on Risto Pietila and not on Crypto Kingdom; however Risto Pietila though his character Zechariah own approximately 30.85% of M. This could be significant if part of these claims are settled in M and the new holders of M decide to head for the exits.

So what is the market cap of Crypto Kingdom. Based on the above analysis on can argue for ~34,000 XMR or ~658,000 EUR. Based upon that latest M3 ask of 400,000 M on can argue for about  1,000,000 EUR. At the other extreme based upon the Coinshop holdings we get around 58,000 EUR.

The above is all a far cry from the peg of 20,000 M = 1 EUR or a 100,000,000 EUR market cap.

Edit: I stand by my position that the 10,000 M = 1 EUR peg now 20,000 M = 1 EUR peg was an incredibly fiscally imprudent idea, and has resulted in what amounts to an exodus from CK. Had even a minuscule portion of the funds that were dedicated to this ill conceived currency peg been spent on the actual development of the game it is quite possible that over time a significantly higher valuation than 100,000,000 EUR could have occurred. Unfortunately this much more sane approach was not the path chosen.

I don't know, I used all three depository shares and converted to USD, found a bunch of averages and came up with thinking this is worth anywhere from 1.06 million USD to 127.889 million USD, with a 'backing' of 3.042 million USD, hence the name of the sheet being crypto mindfuck:

https://thumb.ibb.co/mpNuQk/Sheet.png (https://ibb.co/mpNuQk)

This doesn't take into account any value outside the in-game exchange of depository shares and assumes that all depositories are legitimate.

Even if the depositories were legitimate namely fully funded they still paint a false picture if there is a deep pocketed participant dumping large amounts of XBT and EUR on the market. In this situations and assuming no fractional reserve there are essentially two possibilities:
1) The deep pocketed participant ends up owning the entire asset while over paying for it
2) The deep pocketed participant gives up trying to manipulate the price, the price goes back to its proper level, in many cases after over shooting to the downside. All this does is provide an opportunity for those who sold to buy back at a substantial profit.

Buying S-RWIN, please dump if you hold it by mistake.

On 1), the most that can be afforded by the participant, to my knowledge, is 99% of the M asset. Any amount over 99% of the asset, within the next three years, will absolutely be more than the participant's net worth (I say this with confidence now). Therefore 100% is unaffordable short of only theft and dilution scenarios which thankfully haven't happened since the CON default.

I think right now the ownership is (side-note to remind myself to thank papa for providing CK herald, find something of value to give him, and request that the CK herald be linked in as many places as possible, starting with my signature) 30.85% of the outstanding Markka. The total control of that same owner is, I think at least the top five holders, which are 56.85% of the total. There have been claims that these top 5 represent over at least 1000 people. I think the question here is, at which point would overpaying for the asset be happening?

The valuation of the online platform as a whole includes a few practical things that stand out to me -

1. Ability to act as a monetary exchange system (currently offering only Markka pairings)
2. An unprovably-fair casino
3. A transaction network backed by a non-cryptographically secure plainly observable ledger that will register the transfer of digital items directly from one to another
4. A stand-alone currency that is representative of ownership of the platform as a whole
5. An API to allow data generated to be pulled off site
6. A series of powerful commands to interact with this platform: Give, Buy, Sell, Consume, Dividend being just the most important few of more than 36 commands being available to accounts based on differing access levels.
7. A messaging system in which one can communicate their wishes outside of using in game commands to anyone or everyone for a voluntary fee.
8. Around 30-50 people minimum LARPing a Kingdom in IRC and BTCtalk

The actions of charid=1 have a direct effect on, up and until the complete destruction of each of these 8 things if so desired (this is assumed, possibly even being tested).

Every single one of these 8 things have also been affected by the CON default. The game mechanics have been placed on hold, as without decentralization of the underlying asset, every item on the platform stands to default at some point. Without money flowing in - what drive is there to have mechanics enabled?

Where am I going with this - we are shorting charid=1 right now. As long as this individual is present in a form in which the majority deems 'healthy and investable' then money would assumingly flow to the platform. I think the situation now is not so different than before with CON (Personally I am not the majority - but I see the general sentiment forming nonetheless).

I think CON worked as a whole and would have continued working if XMR didn't go up. But we all wanted it to (or at least most of us). CON hurt the platform because it was the platform, or town, or something official that offered CON.

Would it work again, if something not directly tied to the platform offered something similar? Say some FOC with a large % ownership in depo shares/markka/hopes+dreams to use as collateral if the CON fails?

And can the money raised from selling this pseudo-CON be used to pay developers and/or people to do work toward addressing flaws in at least 7 of the above points, formulating and refining game mechanics, even adding new points to the list itself?

Or is this all so ingrained toward charid=1 that nothing can be done otherwise? I mean at least 30-40% isn't in his direct control, so there's probably something that can be done, assuming the long-term prospect of charid=1 is not the total destruction of the platform (he's mentioned he's tried it and failed before)

On 2) I'm not sure if it's supposed to be ironic that fractional reserves go back to 1668 according to wikipedia. Admittedly, it's a tough sell to the first people to run to the bank (us), but for most of the population right now this would still probably seem like a natural thing to do.

With that in mind, possibly there is some % number out there in someones head that is currently preventing the paying out of depository shares. I don't know.

If the knowledge concludes that the shares will just be bought back with intent to increase relative platform ownership, then there is hardly any logical reason (short of moral obligation obviously) to pay out the depository shares, as default wouldn't be likely because first is that the shares can definitely be paid (dude's rich), and second what action could be taken by these people who obviously just want more depository shares? If the goal is to get more Markka ownership then their motive for active collection wouldn't likely involve the want to damage the platform.

Of course, if the motive is to just walk away forever - even these people will wait. Some got paid. It's a lot of money maybe it doesn't move that fast. I only got 33% of what I sent to new. Was the interest addendum voiced by zechariah or the platform as a whole? I see the in game description is that interest is paid - who edited it? Toward that matter - what logical reason could there possibly be to offer such a high interest rate on payouts? Was the desire to get Markka that high? Why? I mean I bet there's people who sold specifically to collect on the interest rate (similar to CON - you give 15 XMR and get .1 XMR 'forever').

And that is why I bet a whole billion on SGC. Seems like a deadlocked grapple. Maybe I'm wrong and lose a billion. This will pass some day though.

Dump your CAN, SW5, FUCK, and HM02B100 on me bros...

How much more CAN do you need?

On CAN, another 210k would do.

On SW5, I'll just take all people want to dump.

On FUCK, I'll take them all! ;D

On HM02B100, maybe another 25 or so...

Buying M2, sell your crap to me! ;D

Beat you to it ;)

3:58 AM <ckBot> hmc_: Top Owners of s-sgc:
3:58 AM <ckBot> 1. MOOO : 1,280
3:58 AM <ckBot> 2. HMC : 500
3:58 AM <ckBot> 3. ODIN : 200
3:58 AM <ckBot> 4. DEBORAH : 20

Weekly housing markets report. These houses / land lots are for sale at the moment:

Borough 1
650 mil: https://cryptokingdom.me/land/lot/details/40

Borough 2
900 mil: https://cryptokingdom.me/land/lot/details/364
1400 mil: https://cryptokingdom.me/land/lot/details/363

Borough 3:
400 mil: https://cryptokingdom.me/land/lot/details/600

Borough 9
1,600.0mil: https://cryptokingdom.me/land/lot/details/913
100,000.0mil: https://cryptokingdom.me/land/lot/details/931

Borough 22
1,000.0mil: https://cryptokingdom.me/land/lot/details/471

Today was opened the BO (BurstOcean) depository at a 0.0001 BTC per BO token rate, with a simple 1% withdrawal fee. This is a first action that should revitalize the CK economy and restore the trust that was lost due to the b1/b2 fiasco.

I personally deposited 0.03BTC for a whopping 300BO and immediately put it on the market to capitalize on that sweet sweet early adopter privilege. Almost immediately, 1/3rd of my BO sold at a rate of 1 million M per BO, or 10 billion M per BTC.

This shows that the uncertainty in the market is still there and the early adopter bonus is very strong :)

If we look at how things were before the depositories going haywire, B1 (which is 1:10 with BO) was stable at as low as 30k M and as high as 180k M, mostly being around 50-80k. When things went haywire it went up to 1-2mil M.

Since then, the M supply quadrupled and it lost relative value due to lower trust in the game and less circulation. I would then say that a 5x multiplier is reasonable as a baseline for comparison. If we take the 50-80k M stable value, then when things will stabilize once again with an increase in game trust and circulation, one BO should end up at around 25-40k M.

As more deposits happen, supply increases, and trust goes up along with the liquidity, I expect the value of M to once again go up and BO to stabilize at 25-40k M, or 250-400mil per BTC. As a result, depositing now and selling would probably be highly profitable if you are invested in the game and believe it will recover and continue to grow.

Right now, however, M is still hyperinflated due to great uncertainty in the market and the state of the game, so I expect the general perceived value of BO to be around 150k M at the moment, with a "real" value of 25k.

Great demand obviously exists, and there is still a window where supply is low and there is not much market-making and significant profits can be made... People are still itchy to withdraw, and as soon as bank is injected, it will be viable (assuming ChrisPop stands by his word).

Happy trading.

10 Billion M per XBT is approximately  184 Million M per XMR 1.84 Million M per 0.01 XMR (M3). This is within the ballpark for saddam's M3 XMR depository which currently trading a higher valuation for M 500,000 M bid / 1,000,000 ask for M3. Still in both cases there is very little liquidity when compared to the paid and not paid withdrawals of B1 / E1 and outstanding B1 / E1 that has not been withdrawn.

One big cloud over M is that  rpietila  (ZECHARIAH) holds over 900,000,000,000 M out of 4,000,000,000,000 total. If a significant portion of the debt is settled in terms of M and the creditors dump M well do the math. This is why the outstanding B1 and E1 debt is a very significant cloud over M even after rpietila's administrative privileges in the game were revoked. The aftermath of this attempted manipulation / pump of M is far from over.

This may have been Risto's plan all along, no retreat possible!

The burn the boats strategy works only if the boats in question are the only means of retreat for the soldiers, officers etc. It failed in this situation because the boats in question were not the only form of retreat for the soldiers officers etc, which in this situation in many cases ended up with a significant victory with limited risk / cost to themselves. The question that does remain here is: Were the boats in question the only form of retreat for the commander?

In this case a very significant portion of the soldiers, officers etc., did not buy at all into the battle plan and believed that victory could be achieved using a longer term strategy with much lower overall risk, and furthermore had previously achieved major victories using a similar low risk long term strategy in other battles.

Edit: Sun Tzu's The Art of War teaches a lot more about war and strategy than burning boats.

Yes, I'm talking from here on, AFTER the remaining b1 & m3 depos have been almost depleted, and the limbo b1 likely defaulted on, those who didn't exit during the artificial peg period are stuck now, so they 'fight' and make CK a success so their M and in-game assets go up in value, or CK dies, and their losses are realised.

Those who exited successfully (actually withdrew) do not have the same motivation to make CK a success now as those stuck inside CK.

From Ristos point of view this might be what he wanted to achieve, some motivated stake-holders.

4 trillion .... a whale own 900 billion ... what are you guys doing?

Creating a network battle system that has a virtual economy to run war games real and fantasy. What are you doing?

ha ha, network battle system sounds cool bro, just thought those numbers looked pretty huge.

are the war games real or fantasy so far?

Both atm if you include economic warfare :)

http://itsalmo.st/#btcaboveorbelow50percenttotalmarketcap

PLEASE! Unswer to me someone!
I have 800 000 000 Markka for now
Can I withdraw something now? And how?
PLEASE HELP!

You need to depository shares to withdraw--I suggest m3 as saddam has always been trustworthy and all my withdrawals have gone through in a timely manner. I'd avoid b1 and e1 as risto created shares and most have yet to be paid after weeks of waiting and excuses on his part. Have not used BO, so can't say either good or bad about it.

5% of the company now on sale. Founded in 1616, S-GB produces the grizzliest beer in the kingdom!

S-GB owns two of nine total brewery licenses (S-BB - https://cryptokingdom.me/marketplace/item/s-bb) in the kingdom. Prior management partnered with the "Church" player (who owned one S-BB) to maximize production to mutual benefit. S-GB plans to expand into the distillery business as well, pending on gameplay design changes.

S-GB also has a sizable portfolio of developed real estate, with good macrolocation (macro) and generous estimated lot payouts (LP) [which are currently a functon of the "Office" player's M balance, so this is subject to change with CK Clans™]. S-GB owns 1770 square meters (sqm) of land in the kingdom. Here is a listing of properties:

• https://cryptokingdom.me/land/lot/details/121
  Grizzly Baron Patrons' Pub; 100 sqm; 65% macro; LP: 5,279,888
• https://cryptokingdom.me/land/lot/details/189
  Grizzly Bear Boutique; 90 sqm; 65% macro; LP: 4,263,358
• https://cryptokingdom.me/land/lot/details/204
  Grizzly Bear HQ; 380 sqm; 65% macro; LP: 622,055
• https://cryptokingdom.me/land/lot/details/728
  Grizzly Bear Housing; 100 sqm; 20% macro; LP: 2,928,214
• https://cryptokingdom.me/land/lot/details/735
  Grizzly Bear Housing; 100 sqm; 20% macro; LP: 3,808,194
• https://cryptokingdom.me/land/lot/details/761
  Grizzly Bear Longhouse; 200 sqm; 20% macro; LP: 0
• https://cryptokingdom.me/land/lot/details/766
  Grizzly Bear Longhouse; 200 sqm; 20% macro; LP: 7,161,228
• https://cryptokingdom.me/land/lot/details/768
  Grizzly Bear Boutique; 400 sqm; 20% macro; LP: 2,230,297
• https://cryptokingdom.me/land/lot/details/932
  Grizzly Bear Housing; 200 sqm; 0% macro; LP: 3,186,139

Total estimated lot payouts approach 30 mil M. Of other note, S-GB owns 15% of S-GGG (150 shares out of 1000) and 10 shares of its own company (S-GB).

While some citizens of the kingdom may have grown accustomed to weighing 30 pounds as they have not eaten for almost a century and are currently comatose, and others may have appreciated engorging themselves without any concern for their waistlines or digestive health, CK Clans™ will change all of this and purge the bowels of every PC and NPC in the kingdom. Newly famished, humble BEER will no doubt regain its position as a consumption staple.



5% of the company now on sale. Founded in 1647, S-GGG produces the grizzliest garments in the kingdom!

S-GGG employs roughly 19% of all level 1 tailors in the kingdom (110 out of 576 - https://cryptokingdom.me/marketplace/item/tai-1). Other minor assets include artisan green suits and bread. The firm also owns 10 of its own shares.

As nudity will no longer be tolerated with the arrival of CK Clans™, this is an excellent opportunity to position yourself from the newly found sense of shame PC's and NPC's alike will feel once they realize they've been naked for almost a century.



Hope everyone enjoyed all the windows purchased so far on the cheap. S-RWIN has restocked the marketplace with windows for sale. Take a look!

When the the great "I DEV" - the Wizzard Developer PJ™ - descends from the upper reaches of Crypto Kingdom Heaven™ on his solid adamantium carriage (drawn by six six-headed and six-hoofed golden unicorns that breathe rainbows of prismatic fire) and steps out onto the wistfully blowing fields of CAN - his godly chiseled abs glistening in the sun like eternally sizzling pats of otherworldly butter - and steps purposefully towards the obelisk in the center of town - his saintly glutes ripping the space-time continuum with every thunderous sashay - bearing the CK Clans™ source code, every window in the kingdom will melt. The mere radiance of the great "I DEV" as he passed by cannot be blocked, even with SPF 10,000 body cream, so every malnourished, naked denizen of the kingdom is going to get one hell of a sunburn! Don't be one of the unlucky ones! Install RWIN™ brand Windows™ today, tinted with SPF 10,666 in every pane!

Another day and....

.

that's right, but I think crypto best still in master bitcoin.