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It is OK if all that I say is interpreted crookedly. It just neutralizes the market reaction that might happen as a result of the believers buying, and anyway you should buy the rumor and sell the news don't they say so?
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I don't understand why you make this information public. The smart thing to do would be to accumulate and then make it public.
This company already has some XMR and it has so many BTC that it anyway takes months before they are all invested. In practice I would need to either withhold the information for months - and what is the point? - or just tell everything and start buying after the initial spike has abated. We are not in a hurry, we want as many XMR as possible, and it does not happen by being hasty. Remember I pre-announced this weeks before. The last time when this company bought its current position, I announced it would happen, and price went from 115k to 430k but hold your horses, we are prepared to take our time with the acquisitions and not push the price. It should be obvious to all that XMR has always had takers, and its destiny is moon, and if you don't buy, you are just playing with your financial future. Well he already said the company won't be buying from the exchanges.
Well this he never said. Correct interpretation is that we can buy and sell larger amounts than anyone in OTC, make good margins because we provide service that nobody else can, and use exchanges to replenish our position. |
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Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.
Heh, I love it when a plan comes together! Proposal: RPEX1. Beg, steal, or borrow TheKoziTwo's idle CN exchange code. 2. Host it on clear and/or dark web. 3. Use MPEX-style high membership fees and GPG rigmarole to ensure security and keep out unprofitable high-maintenance plebs. Maybe even stay private and invite-only. 4. Sell shares of the exchange on the exchange ( RPOE.s) It is a regular, unregulated all-purpose business registered in Finland dating back to 2010, with no tax payable unless assets are sold, 2% tax on the aftermarket transactions on the company stock, and possible capital gains tax depending on your jurisdiction. We don't have a restriction on who can buy the stock, except that the deal must be private (may not be constantly advertised to unbounded number of people). To reduce hassle, minimum would be a few €k. If you don't have that, you are probably in the position to buy the coins directly and don't need this. Appreciate the proposal though  |
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Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.
Is the public listing of this company on a stock exchange something that may happen in the future? The reason I ask is that this could be attractive to people in Canada who wish to hold XMR in tax free or tax tax deferred accounts (TFSA, RRSP etc). Public companies tend to have 10s of millions (minimum) in assets, so with a global marketcap of 4 million, XMR funds who own a fraction of it are not likely to go public due to the administrative costs. I think in Estonia about $1 million companies can go public, because one of my companies was contemplating it when it was even smaller. TL;DR: Let's see  |
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Haha nobody commenting everybody buying...  Don't worry this intention was first announced here months ago, and the plan weeks ago, and now it has been decided, and some time in the future it will cause XMR to be bought. As long as the marketcap is a few million, XMR is like a free lottery ticket that has lofty prizes, daily draws, and never expires Every single initiative is just contributing to the whole... (I am happy because a long-term plan is now sealed and the wise know how to act) |
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Ok. But anyway, some day i would like to see a source code.  Sure, how much are you looking to pay for it? Or did you think MyMonero appeared out of thin air and for no cost? +1 We certainly welcome public domain wallet software to appear, but MyMonero is not such. |
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Let it be mentioned here also that I participated in a general shareholder meeting of a Finnish company today, and the decision was to liquidate all of the company's assets to BTC and cautiously acquire XMR with them. We know how to do it without disrupting the market (or if we need to disrupt it, you will notice).
The company already owns 1%+ of XMR.
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I could not resist the urge to tell it when it happened. Now we have the sweet problem of how to acquire the considerable amount of XMR that we need. I got off the phone with the vice-chairman and we decided not to rock the markets and instead be cautious with the acquisitions. We will set up the capabilities to buy and sell OTC as well, against BTC and EUR. The company shares can be bought from the aftermarket, or new emissions, or if someone wants a sizable stake in XMR without the hassle of a BTC/XMR exchange, or the hassle of becoming owner of the company, we can sell directly at a markup and reacquire the position from the markets. |
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Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.
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Crypto Kingdom Town Council meets for important decisionsTown Council meetings will be reinstated effective tomorrow. The time for the first meeting is 7:30 PM UTC, which is the same as bitcointalk server time. The town council is the rulebound highest governing authority in the game, and consists of 6 members, selected by the holders of the gold. Currently TC members are as follows: HM The King (rpietila) HH The Prince of Forte Spagnolo (fluffypony, Riccardo) HE The Prince of North Face (djjacket) Dame Roopatra (Roopatra) Lord sXpher (sXpher) Lord Paulson (paulsonnumismatics) The reason the meetings are reinstated is that the game has been paused for quite a time, but is now in an important juncture regarding how to continue. - The original Online version was contracted as a 4-week/$12k project. $15k was paid from Town but nothing was delivered on time (due November-14). - Later the project manager Riccardo decided that we need a larger software. I learnt of this quite late after it had been commissioned, and yielded to the plan of converting the non-delivered software to the V.4. Meanwhile I had paid 80,000 CKG (about $22k) from my own funds towards the finishing of the original version and it was transferred to the larger project. - Riccardo has assumed the costs of the further development with the understanding that he would recoup them later at least in part when the software is ready. There is currently no calculation of the costs available, and this remains an issue that the TC needs to address, since the unambiguous paper trail ends at the 4-week project, (during and) after which the communication has not been on a solid ground. - Thud is working for the CK as a consultant in further development and specification of the Ultima version. We have found an interested programmer and contracted him to finish the Ultima version quickly to show that it is possible (or prove that it isn't). His payment plan is as follows: * 14.8. EUR 3500 * 31.8. EUR 5250 * 30.9. EUR 3500 * 31.10. when the Ultima version is playable EUR 7000 * 19.12. when everything is ready EUR 15750. CK has the option to cancel the project at every milestone, which makes our first financial commitment happen in 14.8., when the game engine and database should be ready. That also coincides with the playtesting phase of V.4, which provides us information how to continue. - The Town has about $16k in the coffers and further incomes are possible when the game is again playable. Town does not have any gold to sell (and creating new gold is forbidden) so we need to think about ways to finance the projects if we want to go on with Ultima and/or Riccardo presents a bill from V.4. - I am sure we can get over those decisions, as they are the easy part, involving just money and sound judgement. The really interesting thing is how to get our great new game to be played by many people, and realize the Grand Vision(TM)! So welcome Councillors to the meeting! King PS. Lamentably the cessation of charging the daily overdue interest of the T_MON balances has lead to leniency in repaying them. The interest will be reinstated tomorrow at 0.8% per real-day, the same rate as before. If 21 days pass with a character still having a negative balance, it is assumed that s/he is absent, on holiday, or lost interest (  ), in which case the accumulation of further interest is stopped by automatically selling the character's assets starting from gold balances, to get the monereto balance to zero. The Marquess of Ramsey (saddambitcoin) is the treasurer and accepts deposits.
Please help me to spread the word concerning all these issues!
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My most recent diet is ketogenic, basically all-you-can-eat as long as you stay ketogenic So 80%+ of the calories should come from fat, and the 20% from carbs, protein and alcohol. Ditching carbs is easy, I have practiced it for a long time, but getting rid of protein as well is important and difficult, as it often comes as a side order with fat. During ketosis, I don't feel hunger, it is somewhat like fasting but the feeling is not light and fickle, rather solid and steady. I drink a lot of coffee because up to 1/2 liter of cream can be added per day, increasing the percentage of fat and enabling occasional "low-fat treats" like cheeses and salami. Getting to the state takes 24+ hours, and when I switch back to eating carbs and sugar, it feels really bad. Staying continuously in ketosis is challenging for health, getting all the important nutrients does not happen from just cream (although it is basically the condensed mother's milk for a calf but still...) |
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BTC-E allows leverage, and this means that:
- some people have used it to go long
- they can be wiped out by forcing the price down to trigger automatic margin call
- some (other) people have access to the information on the margin call limits, either accurately or by deduction
- selling as much as to trigger the cascade, and then buying them back cheaper from the cascade, is called $$$ (profit)
- no real BTC need to be involved at all, because the operation happens completely in the exchange internal system
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It's playing with fire. You may be able to execute 10% quick shorts several times in a row, until you fail legendarily. We have different investing styles. I don't play Russian Roulette but someone likes it, so... |
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I also agree that the product (Monero) is ready enough to be marketed, but please don't use the site (moneroinvestment.com) for the marketing until we have made that ready. Should not take long!
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Even though there is no red all caps UNDER CONSTRUCTION all over, it does not change the fact. Don't share it until it's ready. (Buy XMR instead ) Looks like moneroinvestment.com is rising little by little.
Now it is important to spam it everywhere, hint mainstream media of this opportunity (I've heard that even paid articles to financial newspapers can be purchased - this should attract the fiat money hands to Monero).
First of all "spamming" is uncool. You may not mean to use that word, but you did. Do not spam this anywhere. Especially since there are errors in it. Paragraph 4 on main page: If there is to be any kind of valuable usage for Monero’s in the future let alone realization of Monero’s full potential The second use of an 's is correct. The first is not. For what it is worth I prefer the Anglicized version of the plural "Moneros" as opposed to the Esperanto "Moneroj". I think the Esperanto NAME is cool... but I see no reason to use the language any further than that. Kudos to the site creator. http://moneroinvestment.com/?page_id=19 Final paragraph: If you are careful you do not necessarily want to store your Moneros in the stock from which you bough them. This is a good site and a good presentation of the real value of Monero as compared to the sort of anoncoin darkmarket representation that is often jumped to by BCT folks. |
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My King-marked coin is securely, privately and untraceably stored in a secret place Real beauty, that is |
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The game has a grand vision of being a way to start using XMR as currency for game items, then expand it to other digital items, and further to physical items as well.
Inside this, we need to try different approaches. Ultima is designed to be as good as possible a game, to have the features that make large masses of people want to play it like Farmville or other easy-to-approach game. But also contain the interfaces to make the expansion of the game and the virtual world possible.
It includes all the stuff projected in V.1-V.8 and then some, which is made possible by good specification and following that, and having daily 1-on-1 meetings between me and the developer. So it cannot happen that a day could pass without measurable progress.
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The specification process of Crypto Kingdom - Ultima has startedThe version 4: Reconstruction is proceeding. I have already seen the gaming software, which is not yet playable but contains most of the UI functionality and (I cannot verify) the backend functionality. The scope is as previously announced. The betatesting will be carried out with the people who know they are selected. We have 2-a-week meetings to hone the details. But the subject of this post is the concurrent specification of the Ultima. The design philosophy is different from the current design process (which as we all know had issues). This time we start from all possible future features, and work backwards, cutting and merging features that are redundant, and generalize the rest as much as possible. It currently seems that the resource based economy can be abstracted to as little as 3 main subsystems(!) - Human subsystem creates the characters, who emit labor, and require food, drink, clothes and shelter, and eventually die - Grid subsystem is the registry of physical world from duchies to items, and their locations, logistics etc - Transformer subsystem is a collection of conditions, rules, and formulas, which govern the changes of state of the world. CK Ultima (I repeat the title so that you would not think this is V.4 ) Human subsystem
- one realyear = 52 gameyears, one char may live up to a year - PC and NPC are equal, with NPC having an AI to make some choices for it Labor generation - generates a unit of labor 3/day = about 1,000 units per lifetime - essential component in work, study, and many activities - a few units of labor can be saved, the excess is lost if unspent Food sink - daily a meal and a drink need to be enjoyed in the restaurants Health, sickness and death subsystem - health starts at 100% and is displayed to the char in a 5-scale; 0%=> death - main drivers of health are age, food, drink, sickness, injuries and living conditions - temporary health changes from boosters or light sickness are reversible Grid subsystem
- Defines the world and its structures, both countryside and urban - Countryside has a huge potential to yield minerals, food etc, when harnessed properly - Urban is important for communication and production of consumer goods etc - Items are localized at rooms, and one room can be as small as desired (and as big as up to an undeveloped chapelry in town, or a huge land in the countryside) - Items have weight and volume - Logistics are realistic, the ox drivers actually order the caravan to move to a place, and it arrives hours later, no (or very little) shortcuts, only in things such as automatic emptying of small rooms Transformer subsystem
Defines all formulas (the list of formulas can be expanded at will) how: - Work is achieved from Labor (labor units with skill) and Capital (consisting of tools, machines, organization, etc) - Work can be used to convert items to other items (very broadly), for example a building company might set up BuildingSiteArea51 to the Lot where a palace will be built. First they select the appropriate "Work generation formula" that makes use of their resources, and then summon the resources to the site. When time passes and Labor is poured to the factory, BuildingPoints (Work) come from the other end, and once enough of them is generated, the Palace can be built. The building is a conversion operation where this Work, the Stone, Windows, and other resources (luxuries will be phased out), are merged to become a Building (or several). - A much smaller example might be to use a Blacksmith'sWork point and some metal to make a small amulet, or a big one why not. Discussion
This is a very fundamental way to think what actually happens in the game. It is Human Action (thanks Mises) that is directed to other characters, concepts and virtuo-physical things in the game. To the extent that the state of the virtuo-physical world is changed, the characters set up transformers to refine the resources into a more desirable form. They always need to apply labor of some kind at least, in some stage of the process. The ultimate sink of value is the sustenance system. When characters eat or drink, or their clothes or houses undergo wear and deterioration, this is the value (in kind) that leaves the equation. (Of course excess housing, industrial capital, and luxuries also undergo depreciation.) The new value that comes, is the labor the characters generate. With higher skill, the labor yields more Work. With more capital, better technology, and more efficient organization, the productivity can be increased. This requires more skilled workers, and better working conditions, which translates to higher standard of living, so the factories in some distant future will pour out iPhones for all the characters... Until now, I haven't mentioned money. Money is a unit of account and a means of transferring and storing value. It is not involved in production. Some people say that we could do without money. I haven't found this credible just yet at least. What Adam Smith said, and many before and after him, it is the common unit of account that makes financial planning possible both in the big (whether to build a new factory) and in the small (how the pencil is most efficiently assembled using up to 80 production steps by dozens of actors, none of whom could make the pencil by himself, all of whom guided by nothing but price information alone). A restaurant from here onwards, will be a transformer of raw food to enjoyable meals. The monetary side is of course there - all inputs cost money, so it follows that the output must cost as well. But the structure of Pools in V.3-V.4 will be phased out in most cases and replaced by atomic interaction driven by the basic needs of sustenance (blindly enforced by the game) and vanity (enforced by the players themselves). All monetary economy will reconstruct itself as the most efficient means of brokering between the actors in different stages of the production and economy. All other game concepts from highway robbers to space program will be able to be defined in terms of the 3 Subsystems. |
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There was likely less than 10 interested ones for a Malla XMR conference. So regrettably we won't be having one. Luckily, though, Malla Summer Camp is constantly ongoing 20 July - 21 August, with me, my family, friends, relatives, and local gold/silver/BTC/XMR people attending for shorter and longer durations. If you request invitation, PM me |
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