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581  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: January 15, 2015, 08:10:06 PM
The Earl of Rome

Mr. Luigi Romano, now the Earl of Rome, "burst" upon the scene way back in 1432 at the youthful age of 24. It seems like only a short time ago that he arrived in the kingdom from lands far to the west, but he is already 148!

Shortly after arriving, Mr. Luigi took note of the lack of organization in the stone industry (stone was being generated by gold staking, but the builders had no easy way of acquiring the stone they needed). Though he was quite poor at the time, with only 1,000 gold and minimal cash, he opened a stone dealership with the backing of then Expert binaryFate. The dealership was generally a success in the early days, able to provide the needed stone liquidity to those who desired to build.

30 years after arriving, Mr. Luigi became Lord Luigi, and managed to acquire a house on the prestigious Earl's St. in 1464, situated between the town residences of both a Prince and a Marquess.

In 1498, Lord Luigi founded the Most Ancient Corporation (the last of its kind) of the Lucky Lion. The LLC owns one of the most highly valued lots in the entire game, F7, which at one point had the colloquial title of "Best Lot in the Game". The Lucky Lion building was constructed there, which at the time (1490s) was the largest building in town.

Lord Luigi was promoted to Earl on his 100th anniversary of joining the kingdom.

10 years before his promotion, in 1522, stone had become very valuable (peaking at 225), and the peasants responsible for half of the kingdoms needs had begun to revolt as they felt they weren't being paid adequately (their sale price was fixed at 100). The peasants ceased providing stone, but instead quarries were opened to be run by players. This thrust the dealership to forefront, as it was responsible for purchasing a goodly portion of the newly generated stone.

34 years later, and the kingdom is in quite a different situation: the dealership is far and away the largest holder of stone, as the quarries have been quite productive and needed a party to unload their production on. However, the price has also dropped about 65% from its peak combined with minimal construction, resulting in dealership debt in the billions, and actual losses in the hundreds of millions.

Though the situation is not ideal for the Earl and his dealership presently, he is still hopeful that building will pick up, and that the best is yet in store for the kingdom!
582  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 09, 2015, 11:13:09 PM
My 8 year old little bro bought 4 % from my Nem stake for 22 € ($26).
he's got a bright future Wink

Might we even say Utopian Future?
583  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2015, 08:09:08 PM
When they allow trading to start shit is going to go crazy.
No commission is a big deal. Multisig even bigger
I have been speaking to a friend of mine who could be considered a whale.
He told me he is picking up 40k right now to prepare as the price is going to go through the roof.

I am going in on 10k right now myself.
If I he is wrong my wife will leave me.

Always good to bet your marriage.
584  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 09, 2015, 04:57:06 PM
Due to the nature of the key you can write it as part of something else - eg. write a fake love letter to your wife so that the 24 words on the left hand side are your key or whatever. Then write a bunch of extra love letters. That way, if your deposit box is ever discovered, it'll be disregarded as unimportant love letters.

Why would you keep a love letter to your wife in a deposit box?

Wow, huge security flaw. BCX was right after all!!!!!  Shocked

I'm dumping!


In case she's at home and dies in a crazy chemical fire, and the letter is the only thing you have left. Think like you're in a movie!

Altcoin enthusiasts have wives?
585  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SPR] SpreadCoin | True Decentralization (No Pools) on: January 09, 2015, 02:55:50 PM
It seems some Darkcoiners are upset that we're badmouthing them.  I haven't seen it in this thread, but I have pretty thick skin and sometimes miss such things.  If you have been, please stop, there's no need to and doesn't help the cause.  This of course doesn't mean you can't discuss what you feel Darkcoin is doing wrong or SPR can do better/different.

Examples:

"Darkcoin is a shitcoin" - Bad
"Darkcoiners are idiots" - Bad
"Due to reference nodes, Darkcoin is centralized.  Spreadcoin can improve upon that."  - Good
"MyFarm is one sexy bitch" - Good

I haven't seen this personally.

Me neither, I just checked the last few pages, and the only "out of line" I saw (although I find it harmless) came from:

You're nuts. Grin

Now you guys are being daft. This is silly.

Grin

I think we are "flying over the target" as they say...

Haha, I love you too. <3

My whole point was I don't see this as as much of a "holy grail" as you do. Smiley
But by all means, let's give it a try and see what happens!
586  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SPR] SpreadCoin | True Decentralization (No Pools) on: January 09, 2015, 01:40:34 AM
But you will NEVER be able to restrict newcomers from entering the market, and this is brilliant.

Now you guys are being daft. This is silly. It can be just as restrictive, likely even more, than having a fixed barrier to entry.

You also say that to be safe, you could just buy up (total supply / #of allowed nodes). You think it's reasonable for a "newcomer" to acquire between 1/3000th and 1/1000th of the total/current supply of a currency? Hint: it's not.

So far, I've not been convinced of much relative benefit of one system compared to the other, except for a variable system requiring more coding (whether that's a meaningful difference or not, I don't know).

It's simply the difference between choosing a max # of nodes and letting the market decide the barrier to entry, and choosing the barrier to entry and letting the market decide the max number or nodes. It's really not very different from my perspective.
587  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: January 07, 2015, 08:36:34 PM
100 more shares of LLC are available at 2m each (minimum purchase 10 shares).

Assets have been discussed previously.
588  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: December 30, 2014, 10:28:18 PM
Release tomorrow? Cheesy
589  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 30, 2014, 07:13:55 PM
The only thing going for it is that it's starting to be used in the dark corners of the internet now as an alternative to darkcoin.

You mind sharing some examples of this??

I'll see if I can find where it was cited, I think it was on either deepdotweb or reddit that was reporting that listings on Nucleus (similar to SR) were showing people asking for Darkcoin or Monero.

Either way, the casual Monero user is going to be interested in the anonymity of using it vs darkcoin/darksend. I could be wrong in my perception of what the casual monero user is going to use it for. Setting libertarians aside, what's the general use case for it vs something like cloakcoin? I think it's acceptance on more exchange and market acceptance.  Like I said, I could be wrong.

What's a cloakcoin?

Edit: that's a joke. CLOAK is an abandoned project whose anonymity didn't work. Its market cap is now ~$25,000.
590  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 30, 2014, 07:12:05 PM
You can't split a Beanie Baby into 100,000,000 pieces and still have them be useful...

A Beanie Baby is not useful even in 1 piece...
591  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 30, 2014, 04:23:42 PM
DRK's launch day was bad. .... Right now, day 1 stands a bit under 40% of current supply. The entire instamine is about 10% of estimated total supply.

The numbers do improve over time, but 10% is beyond the pale.  It could be fixed with an airdrop or some other expedient to disperse those coins, but that leaves a lingering issue:  What does that history say about the competence, the moral and strategic capability of the leading actors?  The instamine distribution numbers could be fixed, but as long as those actors are still influential in the community, the technology decisions, the governance, I don't think it is a reasonable place to store value -- nor would I be inclined to trust lifestyle-threatening secrets to their quasi-cryptographic privacy schemes, let alone their implementation of those schemes, given the manifold ways in which they could subvert those obfuscations in order to conduct extortion which would be far, far more profitable than any instamine has ever been.  As an investment?  My observation of enterprises over the years has been that any sort of internal corruption absent rigorous and effective governance capable of detecting and correcting it, is probably going to be fatal to the enterprise as a whole.

I know this is not a DRK-bashing thread.  But DRK does have more nominal cap than XMR, so it is very important to the future of XMR.  XMR cap passed DRK briefly before the BCX fud fiasco.  Any meaningful speculation on XMR depends in some non-negligible part on its ability to take share from DRK.  thankful_for_today is no longer in the mix, so I feel the sources of potential corruption have been removed, the taint effectively washed away, from XMR.   The rapid mining start was somewhat rash perhaps, but entirely open and public, and the distribution impact miniscule.  This makes the investment potential much better.  The tech makes the transaction potential much better, because it is darker than dark, and less likely to be sabotaged, subverted.  The value store potential....well, that depends on so many other factors, and is so far out on the horizon that I won't even go there yet.



I very much enjoy reading your thoughts. Thank you, sir.

Minor correction: XMR has never had a higher cap than DRK. The per coin price of XMR was higher briefly several times in August.
592  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 30, 2014, 03:50:22 PM
...which is about 2-3 years longer than the world had to figure out what Darkcoin* was (24 hours) before nearly 50% of it was distributed.

DRK's launch day was bad. Terrible. Horrible. Should-have-been-relaunched. Even scammy. Etc.

However, the above is a bit disingenuous. Right now, day 1 stands a bit under 40% of current supply. The entire instamine is about 10% of estimated total supply.

I enjoy your other analyses, so keep it up!  Cheesy
593  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 29, 2014, 08:09:45 PM
It's official, bitcoin is a ponzi-scheme, the price is just gonna go down if more fools don't get in.


I wouldn't count $155 as "rich".
594  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 29, 2014, 07:25:12 PM
I would urge everyone to limit their holdings.  Excessive concentration of ownership will damage the upside.


This is no doubt true. Do you have any suggestions on some appropriate numbers though?
595  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: December 29, 2014, 07:06:29 PM
The Luigi/Jacket Stone Quarry, as of last year, is now producing the cheapest stone in the kingdom! We had many years of only shoveling dirt, but now all that hard work is starting to pay off.
596  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 29, 2014, 06:40:13 PM
Whats a decent amount of monero to hold? I'm thinking of buying around 4000 XMR soon and then another $1k worth every month.

That depends entirely on your own personal finances.

Total supply is a bit less than BTC.
597  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: December 27, 2014, 01:38:43 PM
You guys...

It's 5,000 per day (year, used to be 10,000 per real day when time was moving faster), and none of it is "put on sale". That was earlier during the auctions.

HM buys and sells CKG on his own gold market with no apparent relation to newly created supply.
598  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: December 23, 2014, 05:52:42 PM
The Lucky Lion asset estimate has been revised.
These are estimates only. Note that land valued even more highly to the LL than listed below (thus any sale would only result in asset value going up).

8q choice land 1-C-F7: 1,600m
LL building: 800m
4q land 1-E-25: 400m
LL Culture Tower: 350m
150 shares LJSQ stock: ~200m
~90m cash
1,100 gold: 200m (midprice)

New estimated total asset value: 3,640m -- 1.82/share

I'm offering 100 more shares @ 1.85m. First come, first served. I'm bidding to repurchase shares at 1.5m.

Edit: shares are gone!
599  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: December 23, 2014, 04:16:56 AM
I vote for Obelisk for Most Esteemed as well.

For Esteemed, Jubilee Theatre and House of Magnificence.
600  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: December 22, 2014, 01:14:20 AM
1532 The Centennary Anniversary of the Throne Room of His Majesty

Promotions in Nobility

Dame Roopatra is created Countess.
"Without the uninterrupted dedication by The Countess, AOK-S, our gameworld would be much poorer and, in fact, the administration under serious difficulty. It also has to be acknowledged that she has never invested a monereto into the game, all her fortunes are made ingame only, to the example of the future players, and fulfilling the motto of the School that His Majesty attended in his youth: 'Labor Improbus Omnia Vincit' was engraved in gold in e=14. In addition to the King, the school was the place of learning for The President of the Republic of Finland, J-K Paasikivi, a great many years before His Majesty."

Lord Luigi is created Earl. "The Earl is one of the premier businessmen in town, with the beneficial holdings of more land in the 1-C than any other character (save HM and Town). His empire extends to trading, quarrying, retail, and hotel businesses, and now - also the fief in a distant county of XX."


Congrats Roopatra, you no doubt deserve this!

I am most honored as well. If it is found acceptable, I shall be the Earl of Rome.
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