Hello I like to play the game, Paulson told me about it and looks fun , monopoly plus cryptocurrencies haha.
I will be Tefer , male 18 years old. My favourite profession is miner and mage in other games :-)
Despite his absolutely newbie status on the forum, I, Master Paulson Esq, avail this young citizen. Maybe he is not a wise man or even speaks our language perfectly, as he comes from the far and sunny South, but he is a hardworking and trustful companion. Our city will need many men like him if we want to achieve greatness.  Welcome! He is granted the status of Visitor (L1) and upon this recommendation, an insta-promotion to Stranger (L2), which also grants a steady income of 25% from Labor pool (approximately 150,000 m/day currently). To raise in levels, a permanent dwelling (there are many for sale) grants Freeman (L3), with 100% Labor pool (~600,000 m/day). Acquiring 200 gold for 18,400,000 m grants an eventual promotion to Novice (L4). An additional benefit of having this gold is that it stakes another valuable ingame resource, stone, at a rate of 10 stone / 1 gold / day. The 2,000 stone daily generated, are worth ~350,000 m when sold. This is one of the best earning opportunities available in the game currently, with approximately 2% return on capital per day. It is our gift to new players (larger amounts of gold generate less stone in proportion). Welcome from the King also! |
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The Hypothecary Bank of CryptoTown is eagerly awaiting its headquarters to be built in the new fancy E chapelry/Culture Square area.
The service model is very simple: we gave low-interest medium- to long term loans against collateral.
- We can finance the construction of a new building up to 50%.
- We can also give loan against an existing building or even just land.
Our assessment of property values is conservative:
- New development lands sold by the town - sell price minus cashback if applicable
- Land in C chapelry, southern part of N chapelry and Jousting ground - 100 mil/q
- Land in other chapelries and areas 30-60 mil/q
Buildings are accepted at Building Registry cost.
* Maximum loan amount is 50% of the collateral amount.
* Interest rate is starting at 0.40% APR for maximum security and goes up to 0.60% APR. Risk loans are not taken at all, therefore all rates are low.
* Loan time is variable based on our own cash flows (we want to make loans expire at the same year that we also must pay our creditors), typically about 50 years and it is renewable then.
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Only Earls/Countesses (L10), Marquesses/Marchionesses (L11), Princes/Princesses (L12), Dukes/Duchesses (L13), Grand Dukes/Grand Duchesses/Royal Dukes/Royal Duchesses/Royal Princes/Royal Princesses (L14) and Kings/Queens (L15) receive landed income from V.4.
Some may have noticed that there is a slight change in the highest nobility. Previously Marquess promoted to Duke (L12), now to Prince (L12). Duke is now L13, and previous levels L13 and L14 are combined to the new L14 level which may indicate several things and has 3 different titles grouped in it, shown above. Previously the targeted ratio between Baron:Earl:Marquess:Duke:Grand Duke was 400:200:50:10:1. Now we have one level more, so it will offer more possibilities for promotion about at 400:200:66:22:7:1. It is not impossible that we will have a Prince among us soon. Previously Marquess was an eventual autopromotion for a holder of 30,000 gold. Now this limit is lowered to 25,000 gold and Prince limit is now 60,000 gold. Duke used to be 100,000 gold, and we are not sure if raising it is allowed by the rules. |
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Only Earls/Countesses (L10), Marquesses/Marchionesses (L11), Princes/Princesses (L12), Dukes/Duchesses (L13), Grand Dukes/Grand Duchesses/Royal Dukes/Royal Duchesses/Royal Princes/Royal Princesses (L14) and Kings/Queens (L15) receive landed income from V.4. Each level will receive 2-3 times more than the previous, but the income in much dependent on the location of the feoff, its anciety and other factors. Barons/Baronesses (L9), Knights/Dames/Jungherr and the corresponding female (L8) don't receive taxes from the countryside. It is possible that later in the game, a promotion in nobility (even to L10 or higher) does not grant the corresponding increase in feoff size and income (or any feoff at all), because land is limited. All Ancient (and older) Earls (and higher) do receive a feoff in the countryside, once it is implemented. A form of dividend is also the Labor pool payout, which grants income to all characters in the game from L2 onwards. The game has Corporations that (may) pay dividends from their profit. (The Town with CKG as its shares is a special kind of corporation with the right to change the rules but also a rule-bound organization and payout scheme.) |
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The Company of Theophany did well and produced some more page of Codex Cryptonica - Nobility recapitulate the various titles and way to address the nobility.
- Clergy. This later entry contains some interesting rumours as well a non exhaustive list of title and how to properly address a member of the Clergy. The Church wishes to thank the Most Honorary Marquess Karl Hungus for his precious help
The correct way to refer to the person Karl Hungus by birth, is now The Marquess of OZ. |
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Long Bond has been sold at a 400% payback (25 mil issue price; 0.19% game-APR).
2 Asenath
1 The Marquess of OZ
1 The Earl of Forte Spagnolo
1 iluvbitcoins
Next long bond is either in 2 real-weeks or in one month.
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The Long Bond current bids:
2 @ 0.30 Asenath
1 @ 0.26 iluvbitcoins
2 @ 0.25 Earl Riccardo
-----------------------------
(only 5 available)
If no more bids come, Long bond pays back 400%.
Marquess Karl bids 1 @ 25 That's a losing one; you need to bid higher than the lowest bid. |
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The Long Bond current bids: 2 @ 0.30 Asenath 1 @ 0.26 iluvbitcoins 2 @ 0.25 Earl Riccardo If no more bids come, Long bond pays back 400%. Now we start to consider if the time is ripe for a long bond offering. Some background. The 50-year bond is 25 real-days, so if it could be renewed (which is likely possible), it matures 14.6 times per year. 1.15^14.6 = 7.69. Therefore the real-annualized return on the Series A bond is 669%. It is possible because the game is in such an early stage that the assets bought with the money can appreciate quickly (Jacket's recent sale of land in N, netted him 689% in 18 days, which is much less than a year, and he invested the profits in more land). But it does not make much sense to pay back 8 times the amount in one year. In this case it would be better to invest the money in the game yourself. The economic rationale for interest rate is composed of: - opportunity cost for money; - risk of not getting back the amount promised. - (in addition comes the actuarial cost of managing stuff, for this reason the large banks cannot be bothered to corner CryptoEconomy just yet) XMR's opportunity cost is zero, since it does not have any other venues that offer keeping your money in XMR, still receiving interest on it. Risk of not getting back is composed of bank failure and game failure, compounded over a year. - The bank may be too big to fail, although as the Professor of Economics we staunchly deny the willingness to interfere with free markets, as King we care for the townspeople. In any case the bank is not especially prone to fail, because the failure would cause ripple effects in land markets etc. - The game has many reasons and opportunities to fail, and the probabilities everyone must assess himself. Once the long bond markets work, then the interest rate tells (roughly) what is the probability that the market gives for the game's continued existence over one year. So much said, the Long bond is a debt instrument whose maturity is 365 real-days. Its face value is 100 million, and the price is quoted as continuously compounded interest rate until maturity, or the market value (these two are the same thing because knowing one, you can calculate the other). (now the rates are given as daily, instead of "game-APR", since the length of the game-year changes during the maturity of the bond) Daily % Real-APR% Pay Get back
1,27 % 9900 % 1 100
1,08 % 4900 % 2 100
0,82 % 1900 % 5 100
0,63 % 900 % 10 100
0,52 % 567 % 15 100
0,44 % 400 % 20 100
0,38 % 300 % 25 100
0,33 % 233 % 30 100
0,29 % 186 % 35 100
0,25 % 150 % 40 100
0,19 % 100 % 50 100
0,14 % 67 % 60 100
0,10 % 43 % 70 100
0,06 % 25 % 80 100
0,03 % 11 % 90 100
Several game ventures can pay back more than 1.27% daily currently. I am sure many would like to invest in a bond that cleanly pays back 100 times the original investment - but that is not possible, someone will overbid you  To generate value in the economy, the playing must be fun, and the high returns are just a result of generating value. The King is not a believer in generating value by adding numbers to databases, but adding colored squares does qualify. To get the Long Bond, the barometer of the health of the economy and trustworthiness of the continuation of the game, started, the Hypothecary Bank of CryptoTown is issuing 5 units of long bond, 100 million payback value each. SERIES 1 LONG BOND
The Hypothecary Bank of CryptoTown, pays to the presenter of this parchment, on the day and year that does correspond to the day of 2015-12-2 in the land of Humans and their Lord, 100,000,000 moneretos.
His Majesty The King bids 20,000,000 per unit, for a nice 5-fold payback if the game still exists after a year It is possible to bid for 1-5 units and auction closes in 24 hours. |
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Grand Hotel second offering @ 3.5 mil/share is fully subscribed & closed.
HM 20 Master Quentin Moon 20 Lord Jacket 15 iluvbitcoins 15 Earl Ale 12 Dr. Choo 10 Earl Riccardo 8 That was fast, 1:17 hours. I had promised Jacket to subscribe all after 6 hours, but it did not get even close... 
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Grand Hotel stock offering
The Most Ancient Grand Hotel seeks new financing to complete its acquisition of new land right next to the Hotel itself. The land will be used to expand the activities of this only ***** hotel in town, which is available to the public and holds several records, including the best restaurant in town.
Balance sheet
ASSETS
828 mil Grand Hotel - Building cost
900 mil Grand Hotel land @100 mil/q (conservative)
650 mil Grand Hotel haw with its 30 x 12 sqm rentals, shops and tavern
380 mil Land acquired (1-E-(T10,T11))
180 mil Gold
----------------------------------------------------------------------
2,938 mil
LIABILITIES
1,972 mil Shareholders' capital
715 mil Bonds payable
251 mil Short-term debt (overdraft)
Shareholders' capital per share: 3.94 mil
Earnings per share: 32,000/year (0.81%)
Valuation in the offering: 3.5 mil per share.
100 units are offered and they have equal rights with the existing 500 units.
HM receives a brokering compensation of privilege subscription for the first 20 units (at normal price).
Btw. The Hypothecary Bank was sold out in <24 hours and that was a 2,000 million issue.
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I'll bid 1 unit @21 million
Acknowledged. But I got a bid from Earl of Forte Spagnolo for all units @ 25 million. This corresponds to 0.38% daily. |
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Founding of The Hypothecary Bank in CryptoTown
Marquess Joseph subscribes 30 stocks and 30 million worth of Series A bonds. Asenath Subscribes to 10 stocks and 10 million worth of series A bonds. Dear Lord Marquess and Asenath, We will have to point you to the secondary market, since this IPO (despite its commendable size of 2 billion) was fully subscribed in a few hours. Secondary market is opening in a few hours. Also Joseph has been mentioning his marquessly bad game finances. In fact the servants could easily be supported with the current income from being a Marquess alone, it is the overdraft interest that is taking its toll yearly, and the remedy is to deposit more money or sell some ingame possessions. (The reason for the bad overdraft is partly that other Nobles have been selling their Noble Palace shares to the Marquess.) |
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Sorry I might have missed something, I don't understand how much the LDC are worth and how to use them.
Those are worth 10,000,000 each and you can use them as payments for land currently forsale by the town in the new area. They will be used automatically, just remember to buy any land from Town sales before 1550! |
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I'm trying to wrap my brain around the social-cultural implications of this... is it like a hugely complex game of monopoly played with might-be-valuable someday money (monero) with RP starting with all the properties (justifies since he is footing the bill for the game mechanics)?
At present, it competes in the same series with existing MMORPG platforms, with a quite separate target group though. We don't have anything they didn't have. We lack most of the features they have, and don't even plan to be graphic in a realistic way. We aim this to be fun, though, for the target audience of 30-50 year old males who want to build buildings (bigger than their neighbor) out of white stone in 1x1x1 m increments.  Talking about socio-cultural implications is a bit far-fetched, although MMORPG addiction is an acknowledged condition. |
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The Dutch auction land prices are just lowered, pick yours!
Year is now 1504 and will soon turn to 1506.
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Founding of The Hypothecary Bank in CryptoTown
- We issue long and short bonds and thus borrow money from investors.
The IPO consists of 1,000 units priced at 1 million each, and no founder's of finder's fee is paid (all money goes to the company).
The Series A bond is a 50-year bond paying 0.30% APR and comes in 10 million coupons, secured by all the Bank's assets. Every coupon pays back 11.5 million at maturity in 1554 (2014-12-26).
I would like to purchase 200 of each 200 stocks and 200 million worth of Series A bonds to Marquess Karl registered. Now we start to consider if the time is ripe for a long bond offering. Some background. The 50-year bond is 25 real-days, so if it could be renewed (which is likely possible), it matures 14.6 times per year. 1.15^14.6 = 7.69. Therefore the real-annualized return on the Series A bond is 669%. It is possible because the game is in such an early stage that the assets bought with the money can appreciate quickly (Jacket's recent sale of land in N, netted him 689% in 18 days, which is much less than a year, and he invested the profits in more land). But it does not make much sense to pay back 8 times the amount in one year. In this case it would be better to invest the money in the game yourself. The economic rationale for interest rate is composed of: - opportunity cost for money; - risk of not getting back the amount promised. - (in addition comes the actuarial cost of managing stuff, for this reason the large banks cannot be bothered to corner CryptoEconomy just yet) XMR's opportunity cost is zero, since it does not have any other venues that offer keeping your money in XMR, still receiving interest on it. Risk of not getting back is composed of bank failure and game failure, compounded over a year. - The bank may be too big to fail, although as the Professor of Economics we staunchly deny the willingness to interfere with free markets, as King we care for the townspeople. In any case the bank is not especially prone to fail, because the failure would cause ripple effects in land markets etc. - The game has many reasons and opportunities to fail, and the probabilities everyone must assess himself. Once the long bond markets work, then the interest rate tells (roughly) what is the probability that the market gives for the game's continued existence over one year. So much said, the Long bond is a debt instrument whose maturity is 365 real-days. Its face value is 100 million, and the price is quoted as continuously compounded interest rate until maturity, or the market value (these two are the same thing because knowing one, you can calculate the other). (now the rates are given as daily, instead of "game-APR", since the length of the game-year changes during the maturity of the bond) Daily % Real-APR% Pay Get back
1,27 % 9900 % 1 100
1,08 % 4900 % 2 100
0,82 % 1900 % 5 100
0,63 % 900 % 10 100
0,52 % 567 % 15 100
0,44 % 400 % 20 100
0,38 % 300 % 25 100
0,33 % 233 % 30 100
0,29 % 186 % 35 100
0,25 % 150 % 40 100
0,19 % 100 % 50 100
0,14 % 67 % 60 100
0,10 % 43 % 70 100
0,06 % 25 % 80 100
0,03 % 11 % 90 100
Several game ventures can pay back more than 1.27% daily currently. I am sure many would like to invest in a bond that cleanly pays back 100 times the original investment - but that is not possible, someone will overbid you To generate value in the economy, the playing must be fun, and the high returns are just a result of generating value. The King is not a believer in generating value by adding numbers to databases, but adding colored squares does qualify. To get the Long Bond, the barometer of the health of the economy and trustworthiness of the continuation of the game, started, the Hypothecary Bank of CryptoTown is issuing 5 units of long bond, 100 million payback value each. SERIES 1 LONG BOND
The Hypothecary Bank of CryptoTown, pays to the presenter of this parchment, on the day and year that does correspond to the day of 2015-12-2 in the land of Humans and their Lord, 100,000,000 moneretos.
His Majesty The King bids 20,000,000 per unit, for a nice 5-fold payback if the game still exists after a year It is possible to bid for 1-5 units and auction closes in 24 hours. |
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As a fellow newcomer to Monero, I welcome your views Many in the old guard are quite hurt now. They believed in Monero so much as to throw the risk management out of the window in investing. Some stuff is progressing more slowly than anticipated and Bitcoin price is not at $5,000 as it "should" be. Wealth is decimated and feelings also. A newcomer can now make incredible bargains. When I started in May, the price was between 0.002-0.010 and volumes were so small that acquiring a BTC100 stash took several weeks. At these prices, not only is BTC100 much less, also you get more XMR |
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I ask readers to embrace newcomers with patience. Put yourself in the position of one who never followed altcoins and never wanted anything to do with altcoins. Learning about the Cryptonote family alone and its mysterious, convoluted history is almost overwhelming.
Yeah, it's exactly like this. Many coins are attacked by paid trolls, so legit newcomers are treated badly. And this turns them away and the trolls achieve their objective in weakening a coin. In the CryptoKingdom game, there are no trolls so everyone can just play without interruption. It's quite nice. I bet you could also get hooked if I gave you the starting capital 10 XMR, required to buy your first house! |
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In the game CryptoKingdom, the building named Monero House (even though it is not even finished yet!) has provided restaurant and room revenue so that we are able to donate 50 XMR to the development of this great coin! Not bad in only 8 days! This is not acknowledged on the table!  EDIT: We have meanwhile collected another 50 XMR so make it 100 for starters! |
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Price has been going down for months, even last weeks good news only caused a minor spike. Someone probably getting bored.
Why worry? Fundamentals didn't change in the last weeks. Monero improved on all other important Crypto-Coin key aspects, such as developer activity, community development, liquidity and public interest. Only the price/market cap didn't improved. This is a very good result, towards a successful future. (A coin gains nothing from price rallyes or Pumping of market cap.) exactly we've just encountered a few whales As always, most people don't see anything special, but the ones who do, dominate the discussion. I think price is low, but if it goes too low, I buy more. If it is low, and I don't want to buy more, I do something else instead of hanging in the trollbox. |
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