My standard model says the number of such people is 10-15.

But because I don't know many of such, and should know, this means it is possible that there is a Leviathan group controlling a large number of coins (1-2 million or more), which skews the distribution and causes the dearth of pocket whales in the 100k range.

Document base of Crypto Kingdom


Founding document / TOS

I like the idea of the "TOS" to be somewhat "weird" as they currently are. The principle of "sovereign existence" (non-incorporation in the outside world) is essential to my vision of what is CK's place in the sun. As such, there is probably no need for a more fundamental document about principles, because they are words only, so can be written and adhered to voluntarily anyway as long as they are regarded important.  

Our most recent complete Rules btw. are somewhat outdated.

Constitution

Crypto Kingdom is self-incorporated. The supreme power is the General Meeting of CK Owners. The meeting nominates a Supervisory Board of 3-9 members. The SB appoints a CEO, who is in charge of everything related to the providing of the game, and reports to the SB according to how they see fit. Members of the SB need not be active players, some can be outsiders who provide perspective.

There has to be a Gamemaster (GM) and a sufficient number of admins. Also all the corporate functions need to be handled. The CEO handles or appoints people to handle all these roles.

There is an Admin Board, consisting of senior admins. GM leads the activity here. Admins are needed both to carry out GM orders, and actively be available to address player concerns.

King passes on his power to the next king. The role of the King is to be an ingame character. There are also Nobles

(With a recent idea, King could have a term of eg. 10-15 years after which he nominates a successor, or there could be elections for King among princes. Also the possibility to remove the kingship by armed ingame rebellion should be possible.)

So, there would be the following structure of important activity centers:

(General Meeting of CK owners)
v
Supervisory Board, Chairman, CEO, staff  -  These handle the game project and are called (A)
v
Admin Board, GM, admins  -  These handle the upkeep of the game and are called (B)
v
Ingame meetings, King, nobles  -  These handle the ingame events and are called (C)


It is hard to grasp how the difference between GM and King would go in practice, since the roles have been merged. I am trying to do something like:

GM (via his admin system) decides how things are. Example, in a situation with changelog corruption, he may rule that certain trades are in effect, others not.

King (via his court system) decides how things should be. If the GM decisions are unacceptable from the player level, King can change them.

If the dispute involves the system, the GM will rule. The King cannot make flowers grow or money appear from systemic coffers, those powers are reserved for God, represented by GM. (And actually even GM cannot print M, and issuing more CK can only be done by Supervisory Board/CEO).


So we have 3 levels of powers, but these do not correspond directly to the "separation of powers" doctrine. Or to make them such, all 3 branches should exist in level (C), and levels (A)-(B) from the player character perspective would be Acts of God.

Ingame Judiciary could be made independent, so that changes on the throne would be less of a discontinuation. I would not be surprised to see a few admins doing double-duty as Judges also, because the skillset required in both jobs overlaps, and also at present we need everyone If so, the judges process need to be described.

The right to give Rules, Rulings, Executive Orders, and other Decisions, and how they supersede each other, need defined.


Accounts in the game can be:
- Clans (player accounts)
- Corporations (ingame institutions of various kinds, with ingame owners)
- FOC's (foreign owned corporations, ie investment accounts)

Clans and FOC's are controlled by whomever holds the access to the account. Corporations have a charter determining their ownership and control. They may have ingame stock listed as well.


Certain game items enjoy incorruptibility, which needs to be strictly defined, these are M, CK and urban lands (even the implicit rule in each of these is slightly different)

The items that enjoy protected and (nearly) unchangeable dividends, such as CK, land, and perhaps a few others, may be listed.


World finances

The World is what used to be called "Town", whose collection of funds from the game enables the (A)-(B) level staff to get paid and the game to continue. Also, an important part of the solidity of the game is that it is self-owned via item CK, and that one must be paid enough dividends to uphold its value.

The world collects its funds mainly via NPC salaries, and sales of stock/bonds, land and items. Apart from these, the gameworld runs on ingame items and their production and consumption, without too much need for money.

Having NPC is a prerequisite for doing anything great in the game, and land sales will become a bigger one as the previous unbounded lands of the King passed to World ownership.


TBD, as we agreed.

It is quite much shorted, so the stakes are high.

Yes, you will be able to. We are still too early to even find out the cost, and also there will the challenge if we denominate in XMR (which we would like to), then the changes in rate affect people's willingness to come. Just this year, a bitcoin conference got cancelled partly because BTC shot up.

Fluffypony is confirmed to attend, though, so it is going to be the important meeting as it was intended to be.

I don't know Monero's IRC channels too well so will have to spam here. Sorry about that.

The first international, if not Global, Monero Summit, is being planned to be held in Estonia. Confirmed interest is from me, fluffypony, othe and Roger Ver (plus many others). We seek to have a 40 people event in the nice Rakvere Aqva Spa, with pre- and afterparties and a grand dinner in my castle nearby. Event planning thread.

The dates are not fixed at the moment, the range is from Oct-15 till Christmas. Express your interest!

Roger confirmed by "I would be interested in attending the event though."

("though" was supposedly to downplay his importance in Monero.) I am still waiting response from fluffypony, whom I consider rather important in Monero regardless of any attempt of downplaying it 

The task to coordinate the event time, remains.

There is some support for the dates after the London BTC conference, about 9-12 November. And also around 15th.

The speaker feelers are also still out. However,

this is not a speaker-audience thing. Everyone may speak, but even that is not the main reason to come.

Coming together of the Monero people, that is.

If the main event is Sat-Sun, then the grand dinner would be Friday night.

Another possibility would be after the event, Sunday night in Malla, with the following overnighting in Malla. Perhaps this way even better.

We can only accommodate 20 people in Malla in hotel-like conditions. And about similar is the max dinner.

But organising the summit for so few feels like a waste as there are so many groups who like to get represented.

I needed to scale it up a little. New info in OP.

The General Meeting is ongoing in freenode ##crypto-kingdom.

So far the King's and Counties' role has come under a storm of ideas. Please join or follow!

I have understood that the loans should not carry any risk over the usual platform risk. (Which historically has been very high, easily over 30% of exchanges bite the dust in a year).

Coinshop has started market making on CK. Buying and selling large quantities is possible as the 1,000*CK orders are placed only 0.4% apart.

UPDATE: to get a larger depth of the orderbook visible (see also others' bids and asks), this has been further changed to 2,500*CK every 0.95%.


Coinshop has also updated the market making for HM02B100, which is now available at 300,000 not per CKG but per BAR of 100 CKG!!. Warning for dumpers - I am about to propose CKG some role in the future so take this into account.

The rare use of 20 pt font is justified by this being the biggest change in the history of the game. Not only the former King abdicated, but also the Town has defaulted and all the rules have lost effect.

In this situation it is important to gird our great minds and work together towards the new governance structure, put the right people in right positions, and start working on the things left un-handled from the previous era of playing. As these are decided, we can move on to the next era.

CK began as a MEW offshoot. Some still remember the MEW (Monero Economy Workgroup), most do not. Now it is considered the prehistory of Monero. (At its time it was the breath of fresh air to the staleness of Monero, of course.) The governance of the MEW was based on 3 offices, all directly nominated by the general meeting of all votes.

- Operational Executive was like a Chairman/CEO, tasked to keep the organisation rolling, call the meetings, organise the proposals to be voted upon
- Members Executive was like the Community Contact, he was communicating, kept the registry, and also handled the funds
- Judicial Executive was needed when there was a case that needed interpretation of rules to continue, or similar.

MEW was just a platform, the actual actions were supposed to be taken by its members, organised freely according to how the members saw fit.

Now the succession from the MEW to CK becomes evident when we realise that the 3 first char_id's in CK belong to the 3 executives of the MEW, (in the order above).

It takes surprisingly long to grow a centrally-managed game to the point where it is possible it might function with divided powers. We can now legally do whatever we wish, up to the point of deposing the newly-appointed King and proclaiming a republic, or abolishing the Town and its council, to make a DAO in its place. Or a little more conservatively, move to the separation of powers doctrine, by defining roles to the:

- CEO
- King
- GM,

and moving away from absolute monarchy to become a constitutional monarchy instead. The previous rules would have hardly have deserved to be called "constitution", and were not.

I would wish that as we now meet (12 noon UTC, today), we would do the following things in roughly the following order:

- begin discussion of constitution and principles thereof, perhaps nominate a workgroup to draft it;
- find out the game (previous: Town) financial situation and draft the continuation;
- quick-draft the roles for the people in the transition phase, compensation;
- appoint judge/s to deal with the possible claims that players will file from the previous era of play; a usual claim will be a disagreement of the currency to be used in a certain payment (because of the difference of x10 in the result, depending on which one is taken);
- have a long and nice discussion about what do we want next in the game side, how to capitalise the transition to yield the maximum excitement and fun for all involved.

The votes according to the number of CK owned (complete list):


The meeting is in ##crypto-kingdom (freenode IRC). Everyone may attend the meeting, does not need to be a high-roller.

Hmm.. for personal reasons I have to postpone the start until tomorrow.

The General Meeting will begin in the ##crypto-kingdom channel at noon. The CK item will also be created then.

I am posting from IRC:

[8:29pm] Zechariah: Why such urge to do something to NPCC?
[8:29pm] hmc: finances are being heavily scrutinized atm
[8:31pm] moneromooo: Personally, I just wanted a clarification whether the town default would affect those. I just got pissed off at the mutliple (perceived) lalala I can't hear you.
[8:32pm] hmc: it's good to ask questions
[8:58pm] Zechariah: moneromooo: Your lalala is just that it took me a MINIMUM of 3 of your pleas to even realise that you were talking about the competition prizes for the controllers. What is obvious for you is not obvious for me.
[8:58pm] Zechariah: And yes I got pissed off for spending half of my total time allocation that day for the issue.
[8:58pm] Zechariah: Which did not even get any clearer.
[8:59pm] Zechariah: To settle the matter until the time there is a competent administration (see dictionary of legalese for meaning of “competent”),
[9:00pm] Zechariah: “ I do not take any position on the issue. “
[9:00pm] Zechariah: .end of Gamemaster statement.


This makes it exceedingly clear that until the new Town management starts to organise (in 1 hour or so), there will be no gamemaster changes to the anything that related to NPC or NPCC. We will get to handle this issue along with all the others after the NewStart(TM).

I have probed the support for this proposal, and while the support is not unanimous, there are no voices clearly against it either.

The discussion concerning the extra-taxed chapelries is unsettled, though. People hold diverging opinions about the generosity of Town in offering them the possibility to redeem the land against a lump sum, and some are concerned that they do not have the money to redeem the land.

As the fiscal officer of the Town, I need to uphold the Town's rights to collect its income, as it also honored its commitments to pay its debts, to the point of surrendering itself to the majority ownership and control of the owners of its debt (CON). Town is taking a severe blow here with a more than 100% dilution. Other debtors may likewise not enjoy the situation they ended up in, but like the Town itself, they have to deal with it, choosing from the best options available.

So to not cause unnecessary bad beelings, I will withdraw the proposal to settle the extra tax with a lump sum. What to do with it, and the back taxes from approx years 1641-1647, are better handled under the new Town administration and not bundled with this.

The Town Council has approved the NewStart(TM) plan. As to my knowledge, the majority of the holders of CON are also in support. If you are not, voice your opinion now in the thread.

I will come back in 10-12 hours and if the majority of CON holders are still in favor of the proposal, it will pass and be executed, and a General Meeting will follow.

ADD: This also means that there is no Town Council meeting today, nor ever again in its original form, founded in the 1400s. The Rule-Making Power passes to the General Meeting of the holders of CK, who will be able to rewrite everything with a simple majority. The other officials or positions who stay in power are the King, the GM and PJ. The General Meeting may change GM and PJ. King may change himself.

The following is put on the vote in the Town Council, and for the majority acceptance of the owners of CON item:

1. The Town Council acknowledges that the 25x rise in the XMR/fiat price has put the Town in a position where it is credible to doubt its ability to pay the CON dividends if the XMR/fiat rate continues the rise, even if there is no other thing wrong with the game.

2. The situation makes Town fundraising and CKG and CON prices depend in the XMR/fiat price in an unwanted way.

3. Hence, to absolve the requirement to pay the CON dividends weekly, enable Town fundraising, and get the investment markets back on proper footing, and do all this according to rules, the Town will default on its obligation to CON owners.

4. Defaulting causes the Town ownership to pass to CON owners, and CKG to lose its vote power and right to dividend. It also causes CON to become the Town stock with vote power, but not have the right to fixed dividend.

5. CON owners create a new token "CK" by splitting CON 1:1000. This will cause 5,500,000*CK created, prorated to CON owners and item named CON will be erased.

6. The CKG owners are also asked to join to strengthen the new ownership. Those who own items containing CKG, will receive a dividend/spinoff of 5*CK per CKG. This will cause 5,001,815*CK to be created, prorated to CKG owners.

7. In total, 10,501,815*CK will be created, of which 52.37% to the previous owners of CON, and 47.63% to the owners of CKG.

8. There is no change to the items containing CKG except the loss of the right to dividend and the loss of votepower previously effected.

9. The ownership of CK will be the basis for the votes in the constitutional meeting.

10. Everyone who has land in 1-SE, may redeem it for a lump sum of 10,000 m/sqm. Everyone who has land in B.9, may redeem it for 5,000 m/sqm. This frees the land from the annual tax burden, ADD: which would otherwise be 7,000 m/sqm and 700 m/sqm, respectively. The redemption is done automatically instead of collecting the tax when it next time will be collected. It is possible to give the land to the Town instead in the meantime, or demand the redemption annulled (which returns the money and gives the land to Town) in 14 real-days since the act. ADD: Buildings on the land do not cost extra to redeem.

11. All holders of XMR-denominated debt, who are not sure if they can pay back when the debt comes due, are asked to contact the creditors now and work out a deal.

12. All unopened OldDuchy land inside the Wall is passed to Town ownership.

Good morning ! A new day has come, and gold marketmaking is now 100% tighter, CON is 50% tighter. These allow you to move in and out of position with less slippage.

Yeah, and that was the average over a longer uptrend, such as Jan-Mar 2013.

But in XMR it seems that there is huge volume during uptrend. So this ratio is more muted. More liquid. More good.