https://supernet.org/en/technology/whitepapers/BarterDEX-a-practical-native-dex

P2P trading using atomic cross chain swaps without any exchange intermediary ... still legal in China?

I think YES

The main take away , crypto currencies are still legal in China, OTC trades are legal, dodgy ass chinese exchanges are NOT legal.

To all our Chinese brothers and sisters out there in the cryptosphere, seriously take a look at SuperNET's BarterDEX trading platform, it's still being made more user friendly with better wallets, but the tech already allows you to trade coins P2P without any need for an exchange, so afaik it would be legal in China.


https://supernet.org/en/technology/whitepapers/BarterDEX-a-practical-native-dex

Dodgy exchanges should be banned everywhere, P2P trading is the future, when the dust settles this will go down in crypto history as a good day!

Kevorkian   id #979

Great news, presstab is a good dev, so mojo might have a future still!

@Speed, I pledged also.

Ok, Phoenix airdrops and discounts could always be done informally without the need of an asset anyway.

Edit: IMO Airdrops will increase in popularity in crypto projects over coming years,  they avoid many SEC related problems, achieve wide distribution and community building objectives, and provide fair incentive based compensation for devs, e.g. Byteball dev will retain 1% of coin supply and avoids ICO issues.

I came across this recently from NXT project, 10% coin airdrops from clones to NXT holders in their 'Coinleft' license.

https://www.jelurida.com/jpl

Sure, if after the pledge round finishes an admin can create a Phoenix Intiative asset with units equaling those pledged I will organise distribution. The reward system would come from the CK community itself, most likely as airdrops and discounts from new in-game ventures that want to establish 'goodwill' with the founders and early adopters of the game. There is no guarantee this would happen, but other projects have used airdrops for distribution and community building with success, so it's possible as CK grows we might see the same.

Pledge 10 xmr to the phoenix initiative.

I would prefer a different approach to raising the funds (small tax on M, sell proceeds OTC, everyone pays for the work), but if the fundraising goal is met through pledges all well and good. Most decentralized projects suffer from free rider problems, and looks like many CK players are not actively following, so some who might pledge may not know of Speed's proposal. Still, crypto types are libertarians,  so enforced taxation even for a 'good cause' can create bad vibes.

I suggest creating a fundraising asset on Agora to match donations, it would cost nothing to do, and would record who gave what. Benefits might accrue to holders of this asset at a later date (discounts, airdrops etc), and even without making any concrete promises, the possibility of future benefits plus the recognition would encourage more people to pledge.

I just checked today and I never received my signature bounty (yes, I know it was +12 months ago, but I did everything required, was on the SS, and sent PM to risesigs, so I just expected it would be paid).

Is there anything I can do now?

With the benefit of hindsight that would have been the way to start the game back in 2014, but it probably took Steem to show the wisdom of why. Yes, if risto had launched a cryptonote token with plenty of warning, and that became the game currency of CK then probably no need to worry about these issues today. Problem is rebooting CK like that today doesn't help the bagholders, but it makes sense!

I agree, % dilution should be the smallest amount needed to raise enough funds to achieve the starting amount of dev funding, then the game should become self sustaining from in-game mechanisms like taxes and running successful enterprises. I honestly don't know what that figure would be, but 10% of a CK with a healthy marketcap might be enough, whereas 50% of a struggling CK might be the same $ amount. That's why it's probably best if we all support Speed's initial reboot plan.

I think all three conditions must be met, but I'm not an expert.

edit: https://www.coindesk.com/every-token-snowflake-secs-ico-guidance-isnt-enough/

+1
I don't want the CKO traded on any exchanges either, just OTC deals between players in private. The logic of creating CKO is to keep CKM as a pure 'game currency' without any interest to securities regulators, BUT still have governance structures that might include voting.

I would be surprised if players didn't devise ways to add 'benefits' to owning CKO so they had value, but it might be in non-monetary ways, and/or done unofficially by players themselves, not 'The Game' itself.

e.g. discounts based on CKO ownership, 'in-game sale of items, and you get your CKO % ownership as a discount'. If that became a non-compulsory game tradition, like a 'members discount', then CKO would have value, but not exactly be paying dividends like a security.

People are clever, CKO could have many uses in-game that gave it value without making it a security

The point of the CKO for me in mainly governance, a structure to manage CK and make decisions. Any other 'benefits' would be nice if they can stay within the law, but not necessary for me. I've just learnt from my time in crypto that good projects often get bogged down in personality based in-fighting, and without procedures to resolve different opinions on important issues, a good investment can turn into a nightmare pretty quickly. I've seen it many times, and honestly, the best governance model I've seen in crypto so far is "benevolent dictator", and when it works everything goes well, but it's not decentralised, and not sustainable.

Bitcoin is a leaderless clusterfuck, but it's sustainable now, and not dependent on anyone, and that's probably why we all love it.

SuperNET and NXT are well oiled machines by comparison, but 100% dependent on benevolent dictators keeping their shit together and working 12-14 hour days without pay. If jl777 or Jean-Luc ever had a turn, or went under a bus they would implode within 24 hours, not because of tech concerns, but because nobody would be in charge anymore, and everything would grind to a halt in conflict. Other than bitcoin all the top crypto projects are dictatorships mostly, which is cool, but I'm actually looking for something more, I'm a decentralized idealist still.

Players will buy CKM to play the game, like a casino visitor buys chips when they enter, so they don't need a payout to buy them, just a good game that's well managed with healthy decision making processes.

I think Speed's plan included an item for 'legal', and I would not be comfortable doing anything that would attract unwanted attention also. If the CKO was issued to players without any 'sale' then I think it would be ok, but always better to get that confirmed by an expert.




edit: also, CKO may not pay monetary dividends, so there might not be any profits

As someone who's been wanting to buy into CK for while now, we need a roadmap that links all three,

- Speed's initiative
- Governance/ownership asset CKO
- ICO for 50% of currency CKM

Speed's initiative will start the process of transforming CK into something closer to what most of us want it to be, and while we could wait until AFTER the ICO raised funds before starting, that would seem to rule out taking a snapshot of existing M for future CKO before the ICO, a real bad look indeed, "the CK bagholders gave themselves 100% of the CKO that might earn dividends one day, and then start an ICO to get new money to actually pay to repair and improve the game ... right, gtfo"

The way to justify a CKO snapshot BEFORE the ICO that locks out ICO investors is to start paying for the recovery process NOW. A possible way to do this is by taxing existing M at some rate, then selling off that M in large OTC deals to those willing to put some skin in the game now, before the ICO, and before Speed's initiative has started, when the risk is highest.

Once the recovery effort is under way (i.e. Speed is funded and working on his plan) selling the ICO to new players will be easier, BUT not many will be willing to buy M NOW, before there's any real progress to speak of, so any who do will be taking a large risk, and they should therefore get a share of CKO.

Speaking for myself, I want to take a large position in CK now when the risk/reward is high, I don't want to wait until the ICO, especially if I miss out on dividend paying CKO, and Speed's initiative gets results and the ICO is oversubscribed.

Those who want the CKO should pay for the early recovery efforts, and a fair method would be an M tax that raised enough to get 20K USD for Speed from some large OTC sales. That would link all three above in a plausible roadmap, later moving onto the 4th outcome of tokenization.

Karl told me the back-end setup is the same as the original depo, so saddam's server might be down then.

Thanks

afaik deposits are automated and should be a few minutes, and withdrawals are manual and done once a day by iluvbitcoins

Thanks for the opportunity @KH, very happy to be involved with CK

Gringotts depository might have a problem, deposit not credited

edit: received now, ty