I have yet to see a coin that has tried to fit the emission to the actual increase in adoption, by granting the early adopters a reduced 10-100x increase assuming maximum adoption (this would happen with exponential inflation that is tied to exponential growth.)

I have seen many coins that would give 1,000,000x or more to the early adopters if they ever became widely adopted, but have 0.000000% chance of that happening.

Have a look at CKG. It is not a coin, it is a dividend-paying resource token, but the inflation formula has been tried to make such that if adoption happens, the early adopters' gains are correlated to the SQRT(increase) and the rest of the increase in value added goes to all the players as new CKG, boosting their commitment and making wealth more evenly distributed.

Noms has been joined and you can find him from the Character DB, his id# is 94. If you want to start the businessman career, negotiate with saddambitcoin about the deposit!

I would like to advise caution concerning the exchange rate development. It is not likely to push through the recent high of 194k any time soon. There are not nearly enough people involved in the coin yet to warrant such development. I hate to make forecasts on timing, but have to: I believe it'll take 2-3 months before there is enough new interest for going higher.

Also we have still some weak hands eager to sell their coins between 115k-194k (the low limit is the price at the "announcement", which I don't believe will be visited except briefly at max, the high limit is the previous high, a medium-strong resistance). If these holders are not shaken out slowly, they will cap the rally by selling when their coins are much more expensive.

Staying in this area slowly confirmes that we have moved from downtrend to uptrend, continues to give time for the community to get back / strengthen their positions, enables my friends and the investors to start taking their positions, and provides time for an efficient marketing system to be developed.

Festina lente!

The final ancient years: 1590

Things are going as planned, with me being the major bottleneck. Since the listing of gold to the major cryptocoin exchange will coincide with the release of the game, we have to make sure the game is in good shape. We cannot rely on the original plan to release first and iron out the kinks later, since we only have one moment in the sun.

Luckily all who matter, understand this very well and we have seen unprecedented activity in the game, especially the building side, with players ordering thousands of XMR worth of buildings. Also several new players have entered in, and gold price has creeped up due to their buys.

Existing Buildings

It is now confirmed that the existing building floor plans & facade views are exported from the current to the new game in a fixed spreadsheet format, so that the floors and facades are in predetermined places in the tab. Also id's are used to easily identify and integrate them. I will be providing this to the converters in the proverbial "soon". It will be based on Lot, not per Building, because the online game is functioning with a Lot as the basic unit.

Promotions in 1590

The Marquess of Forte Spagnolo has been promoted Prince. "The Prince has recently been nominated Councillor and the "CEO of the game" (a position emphasizing his role as the glue between technical and storytelling development). The Prince is the 2nd-largest gold owner due to his strong role in the early financing of the technical development. If both he and we weren't so busy, he would be one of the largest owners of everything."

The Earl of Arda has been promoted Marquess. "The Marquess of Arda is a long-term game supporter who pours all his income in culture generation via his School for Nobility. His palace is also one of the finest in the game, 400 sqm with access to King's Park. In addition, he has commenced a great development in his haw in 1-NE (16 q), a greenhouse with all-glass walls will be built to increase the horticultural science and culture production even more, and providing accommodation to the workers."

Baron kronicblazer has been created Earl. "Out of many excellent Barons in the game, The Earl of (insert earldom here) has shown a keen interest in the game and has a quite commendable economy and sizable amount of gold in his possession."

Honors in 1590

Sir Jacket, the Prince of North Face has been awarded the King's Hero Medal (KH), previously awarded only once to the Marquess of Ramsey in 1555. "The Prince has recently taken over as the Financial Manager of the Town (ingame assets), and is a pillar in both the gameplay, in helping the newcomers, in transitioning to the online version, produced half of the science and what not."

Farewell, my loving people.

I would not go against established members with 3 months / 100 posts experience. 

Do you realize the guy is 45 years older than you, and changing the name in the forum costs $2,500? He's had 1000x gains from Bitcoin and in the old days, stupid names were ok.

I got the impression back in the days of XMR emission debate that our thinking is the same in this matter.

In the current economic conditions, I would think that a 2.5%...5% annual growth of the monetary base could be justifiable. It is just that it should depend on the activity in the economy and not be fixed. In periods of low innovation and low growth, people would abandon the inflationary coins, wrecking their value, so the emission should be close to 0% in those years. The problem becomes the same that the central bankers currently have, and it is not easy to solve. So this approach has high hopes but not many proven solutions.

I have tried to mimic these thoughts in the emission model of CKG. It actually has a superficial similarity to Quark (which I have criticized heavily, ooops  ) The main and important difference, not found in almost any coin, is that CKG emission is dependent on the absolute amount of activity in its economy (proxied by total hours of play by day as Proof-of-Play) when most coins rely on a fixed emission schedule and rewards given as relative shares of the hashrate/staking.

Seems we exactly agree. The only practical difficulty is how to enforce the collection of this tax (easy with blockchain, difficult IRL) and how to distribute it equally (difficult with blockchain, easy IRL).

Hey hey, I have given away more than a million dollars, and I have to say that it is significantly more than I have received from my loving parents!

Also it says "donator" next to my name.

And my kids are not shitty.

--------------------------------------------------

According to the definition, it must be that I am not rich. Thanks for this clarification 

Of course it does. If it is sent to a random address, not the poor but the ones with most addresses will win. If more is taken from the "rich", the largest addresses, not the actual rich, lose more. If it is only taken but not distributed, nothing changes. Etc.

I believe everyone should be able to earn as much as he can, through voluntary agreements. But also if it could be possible to have a fixed-percentage wealth tax (and not any other tax), it would help the poor yet keep the economic incentives.

The western world is trying to achieve the same with the 2.5% inflation target, but that is a farce, which only bites the middle class and gives to the rich, whereas the proper system would take from the rich, give to the poor and leave the middle class to mind their own business.

I think I already made mention to the Muslim law that says you should yearly give 2.5% of your wealth away. It can be enforced easiest by inflation. Another thing is whom to send this extra money? To ensure the "poor" receive it, there would need to be some ID authentication, which goes quite against the principles of these systems.

[DRK] Enough.

A good idea is an idea that works 

Sad but true, one more article is equating blockchain addresses with individual wealth. They have 0% nothing to do with each other.

The argument is true, but the proof is totally false.

The price is of course based on a formula. But there is a huge BUT, and it is the "market price". I don't see that the "market price" could be deduced automatically from the market information, because of the illiquidity. If it were the last price, the vwa, or any combination, with a known formula, it would be way too easy to game the system by manipulating the price first and then executing the options trade. Of course this problem does not go away solely by determining the "market price" manually, but at least the manipulator is not guaranteed a free lunch.

Last time I used a "market price" that was an arithmetic average of 3 components, none of which was the "last trade", "spot price", or "midprice". I think it worked reasonably well but unfortunately cannot be automated.

No. With options you have to have a reliable price feed, using any old price leads to same kind of gameable situation if there is volatility.

The problem with pricing formulas is that they take the market price as their input.

As we know, XMR's market price can be moved 5% to either direction with a $1,000 effort (sometimes even less), and as a result, the option price can move up to 15%-20%. It is clear that in this situation you cannot use an automatic formula, it would be gameable too easily.

That's a good one.

For the future, the issue remains that if you start something new, the first people that are likely to hear about it, are already in a good position in life. If they are rewarded for their early adoptership with a price rise, the resulting distribution of money will be quite unequal. Is it possible to leverage this situation somehow that the world becomes a better place through wealth inequality (as it has been reached in a voluntary way)?

Every attempt so far to make world a better place through forced equality has been anything between sad and a disaster.

The topic is as interesting as ever. I am bookmarking this for possibly renewed research/debate.

Hmm... offering the whole palette of options like last time, requires quite much upkeep and the volume is probably low.

What if I offered just one PUT, a long-term (matures end-of-2015) option with a strike at 0.00115, which was the market price when I announced the start of the uptrend 4 days ago?

So if you believe in me and the uptrend, don't buy the option.

If you want to hedge, buy it (it cuts about 15% of your upside, (have not calculated exact terms yet) and hedges all downside below the double-bottom @0.001), for almost a year.

If you don't believe, sell all your coins now, at the height of the pump.

That is true.

However - the biggest reward is given not to those who had the most knowledge, but to those who had the most coins.