What happens if someone buys in the dev's sell wall?
The pot remains unchanged but the coins destroyed will be less than bought, or I'm wrong?
then there will be more BTC to buy coins with.. it would only be a marginal percentage loss. |
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the dev is good, but we are many  but you will only succeed as a pack. I've already got over 30,000 WOLF back |
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Dear Wolves,
For the next six hours I am not your friend any more. Remember two things:
1) It is my job to acquire and destroy as much WOLF as possible from the exchange.
2) by 23:59 UTC I must have used all 78.xx BTC.
Enjoy, good luck to us all.
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FYI, user Pompobit has compiled a nice new windows QT for us (proper statically linked executable with no errors). I've given him a personal bounty of 125 WOLF. But would like us a community to chip in more next week and agree to send him a more substantial amount from the supply. He has also agreed to be the maintainer for the qt. Good times, not long now  |
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Insanity Sundays- Every Sunday, starting 23rd Feb
- All orders for InsanityCoin from dev at 0.001 will be halted at 12:00 UTC, from that point on no new WOLF will enter the market
- Between 18:00 and 23:59 UTC dev will be using the BTC pot (max 100) on market to acquire as much WOLF as possible using numerous strategies.
- 01:00 UTC Monday, results will be posted.
- 10:00 UTC Monday, market to buy WOLF from dev at 0.001 BTC will re-open
- All WOLF acquired by dev on sunday will be sent between two addresses until considered destroyed (less than 1 WOLF remains)
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1 hour.
Buy Back to destroy, not pump.
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update: Insanity Sunday #2 is in process now - 100 BTC will be going in.If you hear of a pump, please use common sense and research what you are buying. See: https://bitcointalk.org/index.php?topic=479371 for details on Insanity Sundays, and https://bitcointalk.org/index.php?topic=471166 for details on WOLF. Don't blind bid on any coin without researching, especially not my coin WOLF. The price will reset on monday 10:00 UTC to 0.001 for the week, and each subsequent week, until the coin supply is gone. Thank you.
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I do have to say something, I feel compelled:
The other night in the InsanityWolf chat room people where planning on going to all the different trollboxes and chatrooms for various exchanges and tell everyone there is a huge pump going on over at Poloniex without telling them about the game, just to get naive investors to start buying it up.
I do think this is highly unethical, and whoever does this is scamming people.
I agree, please do not, I'll ask poloniex to put up a link to the Ann. However, if people pump blindly and invest without doing so much as a google, then more fool them. Please keep it fair though guys, you are a group of traders, these are your fellow traders you may be make life harder for, and there is enough scamming going on from miner and coin scams. |
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nice thing is market cap changes
calculate: (((supply/11)*10)*BTC_WOLF)*BTC_USD
for example if it hits 0.004: (((987947.27558637/11)*10)*0.004)*632 = $2.27 million
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let's be clear. everybody who has already sold in the pre pump has made a guaranteed profit already, everybody who was doing that pump may not have. The funny thing is we may yet see sell orders disappear and price really shoot up.. I mean if there's only 1 wolf at 70 BTC on market I have have to buy it! However, I am a bit disappointed, I /really/ wanted the cheap WOLF to destroy.
illiki23, remember this is not just a weekly game, it's a long term one too.. many will be holding or just trying to increase wolf balance.
r0b1nuk, thank you
looking forward to 18:00 lol
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poloniex is getting flaky under the load.
it would be a shame to have this Sunday spoiled because of the exchange!
I'm unsure if it's load or something else, I imagine load is not high yet - I've reached out to Poloniex for status, quite sure it'll be resolved quickly Did I miss something obvious? It's not 18:00 UTC yet, but the price has already climbed 50%?
I think you may have, I've tried to say all week that I won't be the only one buying. Everybody knows there is 70+ BTC going in to the market later, if they can buy for 4%/40% higher and sell of 200% higher than base, they of course will. It's an easy strategy. Everybody has a different approach, and it appears everybody is working for individual interest at the moment. You could also all work as a pack and offer up half of your WOLF at 2x the price you bought it for, all taking out your original BTC and getting free WOLF. Or 25%/4x or whatever. Interesting to watch, later will be very fun. |
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From the front page:
Yes, if you send 100 coins, a 10 coin fee will be added and destroyed (requiring you to have 110 to send 100). We encourage you to make as many transactions as possible.
To calculate fees incurred: send_amount * 1.1 = total_to_send
or the other way: total_to_send/11 = fee, total_to_send - fee = send_amount
Ok, I am sure that this is a stupid question, but I thought that I would rather look stupid now rather than later (or both!). Does this apply to sales as well? In other words, to use your 100 coin example, let's say I love the BTC offers on tonight's activities. Am I offering a full 100 shares for sale? Or do I offer less as I can only "send" 90.90909.
100 divided by 11=9.090909
100-9.090909=90.90909
90.90909 times 11=99.9999999
I assume that like BTC, if I try to sell 100 the Poloniex wallet will say not enough funds for fee (I can't remember the exact wording of the BTC wallet) and will ultimately only allow me to put up 90.090909 for sale -- is that correct?
Selling on the exchange is different, the only fee incurred is their trading fee. The tx fee of 10% happens when you send WOLF between addresses. |
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update: 0.0001, 788964.4994 WOLF, 78.89644994 BTC temporary order placed so you can see funds are there, and this is happening
Its not beyond the realms of possibility, that a fat-finger could spoil proceedings, at that level.  no, that's 10x more than all the WOLF in circulation, and 100x+ more than any single person holds. So a fat finger could at most take under 1% of the pot, and would raise the overall value of WOLF in the long term for holders. tldr; a fat finger would be good for everybody apart from one person |
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This will be epic!
Yup! update: 0.0001, 788964.4994 WOLF, 78.89644994 BTC temporary order placed so you can see funds are there, and this is happening |
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The WOLF supply has now been stopped while we conduct the first Insanity Sunday. Congratulations all on raising 78.9 BTC, thank you for your interest and trust. Let the games begin. The First Insanity Sunday- Sunday 23rd Feb
- All orders for InsanityCoin from dev at 0.001 will be halted at 12:00 UTC, from that point on no new WOLF will enter the market
- Between 18:00 and 23:59 UTC dev will be using the BTC pot (78.9) on market to acquire as much WOLF as possible using numerous strategies.
- 01:00 UTC Monday, results will be posted.
- 10:00 UTC Monday, market to buy WOLF from dev at 0.001 BTC will re-open
- All WOLF acquired by dev on sunday will be destroyed
The exchange Poloniex is where all the fun happens. They are aware, prepared for the traffic, and have additionally taken the step of guaranteeing WOLF/BTC will be a bot free market for the full 9 weeks. update: BTC sent to Poloniex. https://blockchain.info/tx/04dbae08406dc5a5cdf56816b0c71f2316161726d644b8b1cdaf2f9ab54898a1 - 78.89644994 BTC after transaction fee. update: 0.0001, 788964.4994 WOLF, 78.89644994 BTC temporary order placed so you can see funds are there, and this is happening Best of luck to all you wolves!
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The WOLF supply has now been stopped while we conduct the first Insanity Sunday. Congratulations all on raising 78.9 BTC, thank you for your interest and trust. Let the games begin. The First Insanity Sunday- Sunday 23rd Feb
- All orders for InsanityCoin from dev at 0.001 will be halted at 12:00 UTC, from that point on no new WOLF will enter the market
- Between 18:00 and 23:59 UTC dev will be using the BTC pot (78.9) on market to acquire as much WOLF as possible using numerous strategies.
- 01:00 UTC Monday, results will be posted.
- 10:00 UTC Monday, market to buy WOLF from dev at 0.001 BTC will re-open
- All WOLF acquired by dev on sunday will be destroyed
The exchange Poloniex is where all the fun happens. They are aware, prepared for the traffic, and have additionally taken the step of guaranteeing WOLF/BTC will be a bot free market for the full 9 weeks. Please use this thread to discuss the days events!
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online, catching up with orders and pm's now
ok so just to get this straight you wont be selling anymore from 12pm (mid day gmt) today? and the exchanges stop then as well? and then you buy from 8pm this evening? im just trying to get my times right lol i know utc and gmt are the same correct no, the sales and buys on poloniex naturally continues. You can't buy directly from the dev from 12:00 today to monday 10:00 and yes, utc and gmt are the same ah i see ok i understand so buying starts from 8pm tonight on poloniex correct. Insanity Sundays- Every Sunday, starting 23rd Feb
- All orders for InsanityCoin from dev at 0.001 will be halted at 12:00 UTC, from that point on no new WOLF will enter the market
- Between 18:00 and 23:59 UTC dev will be using the BTC pot (max 100) on market to acquire as much WOLF as possible using numerous strategies.
- 01:00 UTC Monday, results will be posted.
- 10:00 UTC Monday, market to buy WOLF from dev at 0.001 BTC will re-open
- All WOLF acquired by dev on sunday will be sent between two addresses until considered destroyed (less than 1 WOLF remains)
70.8+ BTC - 2 hours to supply cut off for the week |
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