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Interesting to see some cheap sell orders on Poloniex now, almost 10% less than the dev price.
Noticed that as well and grabbed me some cheap WOLF. If I remember the previous week correctly dev kept trading on Sunday and left his sell walls over night, then swept up the market in the morning. This weekend I couldn't follow the flow and ebb of dev's trading, but I still kinda expect this to be the case again. Edit: I accidentally a word |
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Funny, I actually had the same idea as you: to build a fund of mining shares.
However, I think the secrecy about your investment strategies works against you here.
While you probably shouldn't disclose your future investment plans,
you should detail every investment and how much it contributed to the dividends on a
let's say at least weekly basis.
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No P2P pools?
(forgive my ignorance if Scrypt-A-N and p2p pools are technically not possible)
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Finally a block on p2p .... 314.97996358 PAWN  |
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Nah, seems dev didn't go for a quick relief this time.
There was about 125K WOLF in the market when IS started, now still 72K.
Dev bought cheaper this Sunday for sure, so I guess he still has about 30-40 BTC left to spend...
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why again? agrrrrhhhhh
root@smos-1:~/Downloads/cpuminer-heavycoin# ./minerd --algo=heavy --url=http://192.168.0.33:7203 --userpass=root:donate --vote=1024
[2014-03-08 20:30:04] HTTP request failed: Empty reply from server
[2014-03-08 20:30:04] json_rpc_call failed, retry after 30 seconds
root@smos-1:~/Downloads/cpuminer-heavycoin# ./minerd --algo=heavy --url=http://192.168.0.33:7202 --userpass=root:donate --vote=1024
[2014-03-08 20:30:46] HTTP request failed: couldn't connect to host
[2014-03-08 20:30:46] json_rpc_call failed, retry after 30 seconds
Have you enabled the ports 7202 and 7203 on your router? I have the wallet on my windows pc and 2 linux server mining to the windows ipaddress using: ./minerd -a heavy -o mywindowsip:7202 -u myusername -p mypwd -v 1024 don't forget: rpcallowip=* Happens to me all the time. |
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The Registry database contains ONLY .COM, .NET, .EDU domains and Registrars. Domain Name: INSTAPAYCOIN.COM Registry Domain ID: 1841939279_DOMAIN_COM-VRSN Registrar WHOIS Server: whois.godaddy.com Registrar URL: http://www.godaddy.comUpdate Date: 2014-01-08 12:05:51 Creation Date: 2014-01-08 12:05:51 Registrar Registration Expiration Date: 2015-01-08 12:05:51 Registrar: GoDaddy.com, LLC Registrar IANA ID: 146 Registrar Abuse Contact Email: abuse@godaddy.comRegistrar Abuse Contact Phone: +1.480-624-2505 Domain Status: clientTransferProhibited Domain Status: clientUpdateProhibited Domain Status: clientRenewProhibited Domain Status: clientDeleteProhibited Registry Registrant ID: Registrant Name: Tom Kaiser Registrant Organization: Registrant Street: 29 Well Lane Registrant City: PAWLETT Registrant State/Province: PAWLETT Registrant Postal Code: TA6 2HB Registrant Country: United Kingdom Registrant Phone: +4479.04936900 Registrant Phone Ext: Registrant Fax: Registrant Fax Ext: Registrant Email: tom7v@yahoo.comRegistry Admin ID: Admin Name: Tom Kaiser Admin Organization: Admin Street: 29 Well Lane Admin City: PAWLETT Admin State/Province: PAWLETT Admin Postal Code: TA6 2HB Admin Country: United Kingdom Admin Phone: +4479.04936900 Admin Phone Ext: Admin Fax: Admin Fax Ext: Admin Email: tom7v@yahoo.comRegistry Tech ID: Tech Name: Tom Kaiser Tech Organization: Tech Street: 29 Well Lane Tech City: PAWLETT Tech State/Province: PAWLETT Tech Postal Code: TA6 2HB Tech Country: United Kingdom Tech Phone: +4479.04936900 Tech Phone Ext: Tech Fax: Tech Fax Ext: Tech Email: tom7v@yahoo.comName Server: NS1.HAWKHOST.COM Name Server: NS2.HAWKHOST.COM DNSSEC: unsigned URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/Last update of WHOIS database: 2014-03-07T19:00:00Z And too cheap to pay for the GoDaddy anonymous domain registration? Ninja edit: not that I would believe any of the registration data would be correct anyways. |
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It's been quiet here. How is the pot doing? Always good to know how many WOLF are roaming in the wild. |
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I'm surprised #1 was even leading in the beginning. Go #2! This is a forum om miners, traders and investors, of course we want more options for investment!  |
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Now that our second Insanity Sunday is over, I have a question regarding the big investors.
You mentioned they would be holders and obviously they wouldn't just invest out of goodwill.
So, you must have told them something about your future plan, something besides the basics that you mentioned earlier.
Now that we are entering the mid-game, would now the time to enlighten us with your future plans?
It will make a big impact on peoples decision whether to continue playing every week.
If there is the risk that I can't get rid of my WOLF with profit on Sundays, I'd like to have a positive outlook on the future of the coin.
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I will be quiet from 18:00 till 23:59 as agreed, last week was an exception as I realised people were nervous for the first week.
Disagree. We should have updates on what you have done as soon as it is done. No ramping, no speculations, just updates. I.e. if you spend 20 BTC then we should know about it as soon as it is done. Also will you be staying out of this and stay neutral? It's a game. The game lasts 6 hours. Do you want to play, or do you want dev to hold your hand? What's the name of the coin again? |
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What about not giving any hint this time, i.e. when is done or how much is left
This. |
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Uh, I had a big post but hit the navigate back button on my laptop...FML The gist of my post was: yeah +1 to what you post, but you also need to retain the unique feature of this coin. Nothing wrong with ensuring the future of the network, but implement _only_ those changes and you'll make WOLF a generic coin with no incentive to hold or trade. And it's value will drop steadily like all the other emerging coins without unique features. My proposal: Keep the weekly pot and buyback, but remove the human factor and automatize both (decouple purchasing from this forum and make the buyback on exchanges random). Ultimately remove the bus factor http://en.wikipedia.org/wiki/Bus_factor by removing the dependency on you to run this coin. Raise the price/WOLF incrementally every week, which will raise the base price on the market and give an incentive to hold longer than a week. That's my 2 ˘ubs. |
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Heavycoin Public Key: 04d108fef1b0288571039a0229b1f7656e6f36f5f740dbad24e53c39e913b1985840609bc3003ac 8d37e27a04abb5d47d8a3338ae817e916118d9b038cd79fd1df
Bitcoin Transaction ID: 06e80484213db624567806789843693f543bb7e12b91dc9df35135d30242f2f1
Amount sent: 0.35666084 BTC
[edit: subtracted tx-fees]
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Sold at 0.0022 fuk im good  Expect for next week, a lowest hight, since a lot will be stucked with coins, and will starting to stress, and put low sell orders , just to be sure they are filled. Some factors can change this like : Non topic buyers from poloniex buying above 0.001 Also, what just occurred to me: The maximum weekly potsize is 100 BTC but the dev can sell more than that if there is demand. The overflow BTC will carry over to next week's pot, but there will be far more WOLF in circulation during that week. Even if we stay below the maximum pot every week, the amount of WOLF in circulation will still rise making the fight for the pot more fierce every week. Or have I overlooked something? I don't think that we will see prices dive below 0.01 yet next week yet, but with every week the pressure will rise for holders to liquidate their wolf. At any price. That can cause people to acquire WOLF from the market instead of the dev, which then again will cause the pot to stagnate, causing deflation and dev supporting the markets on the exchange... Omg, we are simulating a real world economy here! And dev is the federal reserve...  |
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unbelievable. if someone says 'wisdom of the crowds' ever again i will refer them to this thread!
"The IQ of a mob is the IQ of its most stupid member divided by the number of mobsters." — Terry Pratchett I could only trade from my phone today and when I got to a PC it was already over. Still I cracked down couple sell walls to put them up a bit higher again. I sold everything at an average of around 0.0015 BTC. Which is lower than dev's average buyback price, but I still consider myself a happy camper.  Next week will be a tighter competition with the 45% of this weeks WOLF still floating around. Let's max out the pot next week, shall we? edit: I accidentally a zero |
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Just wanted to tell that, I know the real identity of InsanityDev ("Not personally") and I have done deal with him in past.
Ps: I am not taking any kind of guarantee of your investments but if anything bad happens I will release his real identity in public.
Keeping my word and chipping in another 1.5BTC into the pot. PM sent to pack leader. Yeah, let's do this! |
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I'm a big fan of this coin/experiment and convinced that this is a great concept, coming at the right time and delivered well. Still, if I was a bank or insurance that would have to neutrally evaluate the risk of a certain venture, I would have to mark this as ultra-high risk investment. Higher even compared to other cryptocurrencies, due to various reasons, mostly because it is centered around the dev as sole holder of the pot. Creating a new account solely for this coin doesn't help either. Now how can you gain more trust in the community and improve the really high perceived risk of this coin? And I think you mentioned one remarkable fact about yourself ... many pivotal BTC people know me.
That is awesome! It doesn't take much to increase the trust into you and your coin by a manifold, if just one of those pivotal BTC people would mention WOLF and thus proving your alleged ties. One tweet even would be enough. Disclaimer: I have invested close to 1,5 BTC and am ready to invest more if dev can get couple known people vouch for his identity. |
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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.  |
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