I'm sure, that there is a solution, it just needs to be discussed.
Exactly, and as I said before "[my] proposal will create a rolling game where market is active all week." I must stress that it's all of you who control the price, not me, there are buy orders at 0.0006, but the lowest sell was at 0.0009, which is fine as some people bought at that last sunday. We will discuss everything tomorrow, agree a plan the majority is happy with, and move forward together.
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So now all our WOLF holdings have been devalued by 10%? Not sure how I feel about that.
No, let's discuss tomorrow during the meeting, that's what we're there for - it's a constructive rather than destructive step, please do attend
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Not sure what to do... My money is bound in Wolf, and I was hoping to make at least some profit. Maybe you can play for an hour or something? Just to free some money? I'm affraid if we don't do so, the price will drop even lower!
Anyway: whatever can raise the price, is supported by me.
+1 Yes, if this sunday will be canceled the price next week will drop much lower. The most important thing to keep this coin alive is to make the insanitysunday. Otherwise the pot next week won't also get filled because of the price drop and the next weeks will be the same. So dev, if you have any emergency plan, investors or supporters left, who could increase the pot for this week, now it's the time to activate them! Otherwise the future of this coin won't be very good. Other suggestion: You set the price for this week and the next weeks to 0.0009 instead of 0.001 so the dump will be avoided to at least 0.0009 and you can be sure that the pot will be filled again. So maybe this weeks pot get filled or at least the next weeks pot. I think this is the only way to ensure that the pot get filled and avoid a huge dump.We can discuss all of this tomorrow, I've considered the 0.0009 issue and have taken account of it in the proposal I'll put forward ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ps: consider 0.0009 as a short term interim base, wouldn't go selling any cheaper than that. Proposal will create a rolling game where market is active all week.
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Proposal
I'd like to cancel this week Insanity Sunday, and instead call a meeting in freenode from 18:00-00:00 UTC (nobody need be there for that long, it's more for me to update other people who are in different time zones).
The purpose of the meeting will be to propose and discuss changed game dynamics. I have two different proposals myself which I'd like to discuss in depth, one in particular which would incrementally lift the supply and market price, whilst using a portion of BTC as buy walls at the supply price, and the remainder to buy orders on market.
If this is agreeable, I'll write up proposals today in document form, and encourage others to do the same. Then we meet as a group, discuss, and agree a path forward.
If not agreeable, we just continue as currently, which doesn't seem good for any of us.
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I think the dev has successfully chased many wolf owners away, we are tired of every coin going in the tank, and he kind of forced wolf down below his normal buy price. Now people just want out. If I could sell my 5500wolf for .00102 I'd be gone too.
I'd love to be able to put my finger on what it was, from my side here's what happened over a few weeks: - week one: fewer players with orders spread out, entailed buy price went very high
- week two: more players with orders less spread out, entailed buy price went up a little
- week three+: roughly the same amount of players, but sell orders very tightly bunched
each week I've been left with a simple choice: (a) throw all the btc at the order book in one go, this doesn't move the price noticeable as all sell orders are so tightly bunched, I did it one week to much discontent. (b) trade actively in a small spread, this doesn't move price noticeable but does allow active traders to make a profit in whichever currency, the down side is that it doesn't lift the price / value of the coin, and it doesn't encourage anybody new on board. Ultimately, each week there's a huge wall of sell orders which the BTC pot at any level can't clear. Fifty traders all trying to make a small profit in BTC just doesn't work mathematically, and this shows each week. I've honestly been very surprised by the bunching of orders, and in some cases the loss taking.. it doesn't make much sense to me. Simply, if there was a spread out order book, each week I'd throw the BTC pot at it and the price would rise significantly - but rather many of those buying wolf force the price to be as close to supply price as possible, and it puts me in a position of being responsible for no-rise, even though there's no action I can take to counteract it. I've tried each week to make spreads and lift price any way I can, people just keep bidding lower than each other. Every week roughly 80% of all wolf on market is offered within 10% of the supply price, the remainder after it. Or put another way, if the pot was 150 btc one week (with a random 50 btc thrown in), the first 120 BTC would lift the price by ~10%, and the remaining 30 BTC would lift the price by 90-500%. If somebody who consistently placed the lowest order, or even orders within the first 50 btc worth, could elaborate on why, I'd be really interested to know the logic behind it. I've seen it on other coins and I'd often assumed it was miners or coin creators doing this, but now that I know it's traders doing it with coins they've bought for a set price, I'm a bit at a loss to know why (and it impacts us all massively outside of wolf in the other coins we collectively hold).
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For the first time this week (at least the first time I saw) the price on Polo is the same as the buying price of the Dev... This means only now it is worth buying directly from the Dev (I was 5 minutes late sending my money to win that last extra 1% ;-) ). The first weeks the Dev bought all those low orders himself with money from the pot: why didn't this happen this week? This would have gained the Dev a lot of extra money to play with!
It did happen several times, however on a few occasions I let people in under 0.001, it appears some of them didn't sell back, and could thus afford to turn back in to BTC at a lower price. Obviously it's less profit if they're playing this week though, and obviously those who bought under 0.001 on market during the week didn't provide the btc to buy their own orders back! Regarding Promotion, I'm keen to have the infrastructure ready for after week 9, so that's taking precedence at the minute, should be viable to get something set up pr wise tomorrow though, keen to hear any ideas you all have.. there are a lot of wolves who have far more control over pr, price, and all things insanitycoin than I do ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Dev - what's the current pot? How is the trading going to go this Sunday or will it be a surprise, any new strategies etc, will you be buying and selling back onto the market again or just buying etc.
+1 +1 Last week, Dev was asking/speaking on IRC for a 'replacement' for this week. Any news on that? Yeah I remember him saying that he wanted to trade some of his own coins? Yes at some point it'd be nice to be able to increase my own holdings before the game weeks end, either with a very trusted replacement for the week, or more likely just by piling in some BTC of my own! BTC Pot hasn't moved this week yet, but then it hasn't until Friday or Saturday for the past couple of weeks. I'm hoping false logic hasn't been used by too many people.. acquiring cheaper on market and taking BTC out of the game system, there by decreasing the odds of being able to make a good profit (as less in the pot!). We'll see though. Client is coming along nicely, I'm going to test mine on the test chain a bit today and ensure everything works as planned, then get it compiled by our maintainers for windows and osx. Many thanks for the previous pointers to information on kgw, saved me some time. I'm around at least 75% of the time through till sunday to process orders and answer questions.
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information request I saw somebody mention that there was a fault in KGW (Kimoto's Gravity Well) that allowed it to either be exploited or rendered it not fit for purpose, does anybody have more details? The new long term stable client is almost ready, but I don't want to push it out with a fault!
Dont know details myself, but its being discussed here.... https://bitcointalk.org/index.php?topic=552895.40thanks!
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information request I saw somebody mention that there was a fault in KGW (Kimoto's Gravity Well) that allowed it to either be exploited or rendered it not fit for purpose, does anybody have more details? The new long term stable client is almost ready, but I don't want to push it out with a fault!
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Didn't start til 19:00 UTC last week I believe.
BTC transfer is under way, I'll be trading for several hours as soon as it's cleared at poloniex. Presume eta 20-30 minutes from now, depending on BTC block finding of course!
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WOLF Supply now closed for insanity sunday
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I really should move that dev status!
All pending WOLF orders have been sent out.
The BTC pot is at ~84.44 BTC at the moment.
I'll shut the supply in one hour (13:00 UTC) today, to give time for last orders.
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Dev, can you confirm this please? Or is it just a typo and you mean 0.00001? 0.0001 increase after each buy up means 10% increase every round. Don't know if this is going well.
Indeed, a ~1% increase (0.00001), it would be nicer to do a 10%, but I don't think you guys will allow that - all depends on how you place your sell orders of course! All pending WOLF orders processed and sent.
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I'm available to process orders all day today.
Trading on Insanity Sunday will be from 18:00 to around midnight. I'll be actively trading up and down but will not be reselling wolf back at base price this week. After each buy up I'll offer wolf back on market at 0.0001 increases.
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Insanity Sunday - Week 4 ResultsCoin DestructionTotal to Destroy: 82,766.1196885 WOLF Insanity Sunday - Week 5 ResultsCoin DestructionTotal to Destroy: 73,440.58716197 WOLF pending destructionI'll flesh out some statistics as soon as I get a chance, unless somebody else would like to analyse the trades and work out the usual stats instead
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Hi Dev!
what about insanity sunday results for the last 2 weeks??
give me about 2 hours and I'll prepare and post them both, just cooking at the minute.
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WOLF Supply is closed from now.
All pending orders will be processed in the next couple of minutes. All WOLF orders processed.
BTC pot is 100 BTC again!
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What is the timeframe for the insanitysunday tomorrow, standard 18:00 UTC to 24:00 UTC or an other period?
I think it's safe to say I'll be actively trading between 19:00 to 00:00. All WOLF orders processed. BTC pot is still quite low at the moment, sitting around ~55 BTC. Cut off tomorrow will be 12:00 UTC for buying WOLF.
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On Poloniex, the site always reverts to older quotes after a minute or so. Does this happen to everyone? I thought by now that they would have fixed this. It's very annoying.
works fine for me.. perhaps others can confirm. As a web developer I may be able to help here. Chrome should be the best, if it's not check your extensions and remove anything you don't need or know. Next up Safari / Firefox finally internet explorer, but expect javascript bugs on nearly every site. Pretty much all the major browsers (chrome,firefox,safari,opera) work fine if you don't have lots of crap / extensions installed, imho chrome is the best currently on windows/unix.
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