No, there isn't a config and I have only 2 active connections
I've added a http://5.9.111.71/insanitycoin.conf for anybody who needs a config - everything like this I add to the ANN top post. and as per pm, WOLF actually sent this time flo_k - it's at 4 confirms as I type - apologies again! |
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I think that I have a problem with the wallet application, every time I close it I receive the message : "This application has requested the runtime to terminate it in an unusual way", in several windows.
And I didn't receive, yet, the Wolf that I bought about 10 hours ago (and which dev confirmed that he sent).
I'm running Windows 7, could somebody help?
Lucky I popped back in! will pm you in a second. The windows 7 error is a known error #111 in litecoin 0.8.x branch on which our qt is based - I have a couple of competent windows specific programmers working on a fix to be released as soon as possible. The client still works, it just doesn't "terminate" properly. |
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Vertcoin was not a bad choice, until I inspected the blockchain yesterday and see how concentrated it is in a few users.
this makes the coins highly manipulative, they can squeeze down the price easily til you let go... I have removed VTC from my list.
you can go take a look if you want, let me know if you come to same conclusion after seeing the blockchain..
this might be because VTC is too new... so giving them a benefit of a doubt for now, but definitely looks weird.
the best advice, kudos for doing your homework properly! |
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For the wary, that's 3 verifications from people with various trust ratings, and a few more to come, notably Poloniex, and a very respected and trusted member who I've traded with previously, and who I've also lodged formal id with (Full Drivers License). Regarding Coin destruction after Insanity Sunday: I had planned to move coins between two balance until all were destroyed, however I realised today I can simply withdraw them back to the main supply, then send one transaction equal to 10x the received amount. Example: - I acquire 15,000 WOLF.
- I withdraw to the wallet (13636.36 WOLF + 1363.639 tx fee destroyed).
- Then I send one transaction for 136363 from-to the master wallet, the tx fee on which will be exactly 13636.36
- This way, in 2 transactions I can destroy the full 15,000 (13636.36+1363.639 = 14999.999)
BTC Pot is just under 49 BTC now for the first Insanity Sunday. I'm offline for the night shortly, with intermittent check ins over the next couple of hours. |
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.............so.........Im just a regular guy who seen the trend going up and down on the charts and took a wild guess it would hit $100, I had no informants, am not a hacker, really knew nothing, I seen I got lucky so I played it out like I knew stuff when I didnt, Im not illuminated, not any secret societies, I only had 2 btc, sold them and now look at alt coins, thats the truth, I did ask for donations, I admit and never got any, I am sorry to all, it was just fun entertainment to everyone. I am no one special, just someone that got lucky.........IM SORRY
Do not believe. its true, I was drunk, made a prediction, sometimes I see things, get feelings thats it, dumb luck... This dude has inside info... not sure if he's part of a deep web network and is trying to play it cool now, or if he perhaps summoned a jinn entity (not entirely impossible) who can "see" things that we can't. But "lucky guess" just doesn't explain this. There's more to the story. Please bitcoinsteve, if you have any additional info, let us know. Don't keep to yourself, and no need to rationalize your powers, we're okay with it here. It's not that hard to believe... watch: On sunday the BTC markets will rise to 10%+, by tuesday bitcoin will be at $700+ on all exchanges including gox. BELIEVE ME, I've heard people talking, all the info is there if you look, I had a meeting today and somebody who I can't say mentioned it. (not really, I just saw people saying they had fiat from gox today and yesterday, and saw the irc logs where they were testing withdraws to blockchain again)but really SECRET InFoS! |
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I thought it only occurred when you bought from the IPO (aka directly from the OP, and he would destroy the coin himself.)
I'm really stupid, sometimes... oh well
Consider what you are doing. Those coins are guaranteed to be bought for 3 BTC on Sunday. You have not made a loss, even though 10% fee has been lost. You still hold 3 BTC worth. Think of this scenario: one person buys all 900k coins. there is now 900 BTC in the pot. that person destroys 899k coins. there is now only 1k WOLF with a value of 900 BTC. that person transfers the 1k to poloniex, they lose 10%. now on poloniex there are 900 WOLF worth 900 BTC, that are gauranteed to be bought for 900 BTC. 1 wolf = 1 btc at that point. the person who bought all the coins, has he lost anything? this is what i'm thinking dev sell 0.001 BTC/coin one person buys all 900k coins. there is now 900 BTC in the pot developer. that person sell all 900k coins at price 0.002BTC. So, dev can only buy 450k with 900BTC in pot.(because only developer want to destroy this coin) then dev destroy 450k coins. so, now still 450k coins total in that person. can you explain this? First, that's already impossible as almost 50k coins have been bought. Secondly, if that did happen, the person would not have lost any BTC, and they'd hold all the wolf in the world for free. They'd have 100% of their fee. (n.b. exchange site would have a small amount of course from exchange fee). Also they would probably still manage to sell some wolf on market or privately, so they'd likely make some profit. They could in fact repeat this whole exercise if they wanted to. Finally, much as it's a little interesting, it cannot happen, and it's probably best to focus on situations are at least semi viable  |
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How will you be proportioning the pot? For example, will it be an even split between however many exchanges there are (an equal share to be spent on each exchange), a split that is directly proportional to the volume on each exchange or some other relevant statistic, or will it be split purely on a whim, with no particular system in place?
I must update the ANN, the second exchange is not being added, I was scammed by somebody pretending to be from coinmarket.io. For now it's only Poloniex, although perhaps others will add in the future (Cryptsy, McxNow, Coinedup). For the time being, and probably all of the 9 weeks, we'll stick to Poloniex, that way Insanity Sundays will have more impact. Any change can be proposed or discussed by the community, if that is there's a strong valid reason for changing. And on a side note, am I correct in assuming that if I have the wallet running and setgenerate set to true (cpu mining), while there is no benefit to the mining per se, there is a benefit to the network by providing an additional distributed node to process transactions?
Yes, please do, every little helps. There are a few high power rigs to support the network, one is on it all the time, and there's a warning if anybody tries to fork the block chain which kicks in another 5 very high power rigs, with yet more available on demand and prearranged |
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yeah well thats why Im telling the truth, I dont want any more threats.
wtf, people actually threatened you for making a random prediction which people make hundreds of times per day in the troll boxes, really? sorry to hear that, shameful. |
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Hey Dev,
Would you keep selling at a price rate of .001 each week until after 9th week?
Yes, the sell rate will not change, and after the 9th week there is no more supply of coins from me, unless it runs out quicker of course. Please do read the section "questions" on the original post, it clarifies all of these details and additional questions you may have - if there's anything not covered, please do ask |
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Im just a regular guy who seen the trend going up and down on the charts and took a wild guess it would hit $100, I had no informants, am not a hacker, really knew nothing, I seen I got lucky so I played it out like I knew stuff when I didnt, Im not illuminated, not any secret societies, I only had 2 btc, sold them and now look at alt coins, thats the truth, I did ask for donations, I admit and never got any, I am sorry to all, it was just fun entertainment to everyone. I am no one special, just someone that got lucky.
Respect +++ |
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Wow, I came here expecting to see 4 pages of discussion on how the next generation are starting to use crypto currency, how they view it, and all manner of interesting things.
So sad that is not the case.
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Are there any plans to ...?
No, the plan is to buy and destroy as many of the coins purchased as possible, raising each coins individual price and the market cap as high as possible over 10 weeks.
...
Ultimately, every trader has a different strategy, some sell on market immediately for 25% more than they bought, some may be more aggressive and sell 10% for 400% more than they paid. Some may sell off market and destroy more coins by transferring ownership. Some may hold for 4 weeks, or 12 weeks, or a year.
But what if nobody will sell back during the 9 weeks, but keep all the bought coins, waiting the price to be raised by the others ? Why to sell even 1 Wolf of the initial cheap purchase, if it could worth a fortune sometime? Don't you think that a lot of people (or all !) could judge this way and, if so, the "game" will not work? nope: https://poloniex.com/exchange/btc_wolf |
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no problem and good thinking, I'll ask a few people to confirm edit: I've asked 7 people, including 3 buyers, 2 very trusted members of the community here, also some exchange guys BitJohn from cryptsy, and Tristan from Poloniex to confirm they know me. |
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so it should pan out hopefully by week 9, 900,000 wolf will have been destroyed
...
what happens if you dont hit the 900btc target after week 9? do you just keep going until you have destroyed 900,000 wolf?
1) Any coins not bought by week 9 will be destroyed immediately. 2) 100 BTC per week is a lot for an individual, but not for an organic and exponentially growing group, especially when some are reinvesting each week. 3) I can't make any predictions over price, gains, or loss. The one thing I can say is that if everybody puts all there WOLF back on the market at the price they bought it, the there's always enough BTC to buy it all back. So far 45 BTC+ is in the pot, about 30 BTC has went through the open market (maybe more), and I'm personally quite sure that on Sundays I won't be the only one buying with BTC, as a valid strategy is to buy cheap WOLF and offer a % of it at a higher price to get free WOLF, or all of it to get BTC profit. Also remember not everyone will even know or bother to check what WOLF is, some people may just see an active market and join in. There will be a lot of traders, and the supply is cut for 6 hours before I start buying, then 6 hours where I'll be buying using different strategies ( I'm not the worst trader  ) to acquire as much as possible to destroy, then a ramp down period of 10 hours through to 10am GMT on monday. It'll be fun, and fluctuate wildly. This is assuming he wont run away before then. Dont get me wrong. I invested it because of the nice idea but the system is flawed. It should be a trustless system but I invested anyways for fun.
I completely agree, hoping to get a chance to create that in the future. To settle people's minds a bit, some trusted members who've bought know my full identity, as does Tristan from Poloniex. I'm an aged trusted but quite quiet member of the community, many pivotal BTC people know me. First sign of me doing anything stupid and they'll release my identity, which would wreck my life. I'm a family man, fixed location, ten+ years of reputation on the web, and three in the crypto space. I'm also not rich but not poor, and have lived on crypto for over a year full time now with a reasonable wage. I'm already convinced that I stand to make more from my own small holdings, from building trust, and from subsequent projects, than by running away with 100 BTC (I already have more than this personally from my trading). |
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Every Sunday for the next 9 weeks there's going to be several hours of trading madness at https://poloniex.com/exchange/btc_wolfWOLF supply is cut at 12:00 GMT, during subsequent 6 hours traders will set up positions and start implementing strategies, then from 18:00 to 00:00 up to 100 BTC is pumped in to the market from the pot to try and acquire back as much WOLF as possible to be destroyed. There is then a ramp down period till 10:00 GMT on monday at which time WOLF supply starts again at 0.001 BTC. no bots, only live traders trying to maximise profits and out trade each other to increase their holdings of Insanity Coin, or Bitcoin, or both. The first weeks pot stands at around 50 BTC with less than 48 hours till the supply is cut, so far at least 50 traders of various holding's are on board and preparing.second weeks pot at 100 BTC (this week), third weeks pot at 100 (next week)Full details on WOLF can be found here.Please feel free to come along and watch the madness unfold, it should make for an interesting time. |
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Great to see a dev with strong ethics, but I do believe that the buy wall is turning the InsanityCoin into RegulatedInsanityCoin(tm pending).  It should be clear that if you invest into this coin that you could lose everything, just as in any gamble, bet or stock investment. Please put a big red disclaimer in the ANN that people should not invest anything they cannot afford to loose. You cannot be held responsible for anyones irresponsible gambling issues. If by Sunday 100.000 WOLF (100 BTC) are in circulation and you buyback 50.000 WOLF for 100 BTC then your buywall will be gone the same night, because there will be a good portion of the remaining 50K WOLF holders that get cold feet and want out. In the free market that would mean lower prices, but if you keep putting buywalls at 0.001 you are melting away the weekly pool and it also eliminates the possibility for traders to purchase WOLF below buy-in price. And where is the insanity if there won't be a panic sale once in a while? If you really want to have a sort of buyback wall, please consider lowering the buyback price proportionally to the amount of coins left in the market every week. This way you can also destroy more. Will do, I'm assuming the buy wall will only be needed this week, and at most only a small number of BTC. I'd honestly be uncomfortable holding the BTC Pot on any exchange all week any way, so cold storage it is until sunday. Further, I must allow you wolves to pick up coin cheap, buy low sell high is the most common trading pattern after all. I'll put a disclaimer on the Ann, that's a good idea. Thanks. Online from here most of the day, I will of course be on and off a few times whilst doing family things, and my puppy needs a good walk today! update BTC pot continues to rise, over 45 BTC now. Poloniex will be adding a trade api soon, however Tristan has agreed to keep it turned off for InsanityCoin over the first 9 weeks at least |
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InsanityDev, buy wall @0.0009 removed at Poloniex?
Moved to 0.001 - Have already acquired 628.88442508 WOLF back at 0.001 What is the reasoning behind keeping a buy wall up, instead of just using the entire pot for the Sunday bump? I am aware that some people trade with their living costs, if somebody has a personal issue whilst I am asleep or afc and needs to get BTC out (at a slight loss), then this ensures there is an avenue for them. I'm sure that at least one WOLF holder will have next weeks food money riding on this - even though I hope nobody is trading that close to the financial wire, I do feel it's important to provide that avenue. It's also my job to acquire and destroy as much as possible.. which I'm doing. Finally, I understand everybody wants to maximize profits, but I need to keep my morals and ethics here, this is the right thing to do, it's a small amount compared to the pot so cannot be abused - people have to take a loss to "get out" in a hurry, which benefits all in the long run. aside: 1 BTC received through a one time address 1LbQUmzw4pJwkGQgxK5ABSBDtgmbrakcB5 for 1000 WOLF. BTC Pot tipped over 45. I'm offline in a moment. |
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InsanityDev, buy wall @0.0009 removed at Poloniex?
Moved to 0.001 - Have already acquired 628.88442508 WOLF back at 0.001 |
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it is better to have only one exchange. cryptsy is too flaky for this.
will you limit direct sales to 100 btc per week, no matter of the demand?
Sales of WOLF have no weekly limit (ie could all go in one massive purchase), only the BTC pot is limited to 100BTC per week. So if somebody buys 101 btc of WOLF from the dev, the dev still only uses 100 btc to buy back WOLF on sunday? If someone buys the rest of the supply right now, where does the 100 weekly btc come from for the next 9 weeks for the bumps? I've copied and pasted all these questions in to the ANN top post under the section "Questions" |
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