Halfway there. Still waiting on those that pledged to pledge to pledge.

Do I get tickets for my PP?

My dudes... it is time.

The time to start fixing the underlying issues with CK and actually make it a game worth playing and investing in.

As a result I'm bringing forth a proposal for how this can be achieved, with your contribution. I intend to take on a more serious role, at least initially until better options come along and the ecosystem is mostly self-sustaining.

Introducing... The Phoenix Initiative, because originality is not my strong suit. <--- Click

For questions or suggestions, you know where to find me.

I never so much supported it so much as put it out there as a possible path forward, to raise a significant budget (likely millions of EUR if done right) to build the game into something a lot more valuable. It is up to the game owners (aka current M holders) to decide what to do. Yes, I'd want to see a plan and would vote my (small) share in favor of this approach only if there were a credible plan to raise money and deploy the funds effectively. Diluting just to dilute is pointless, but building the game into something a lot more valuable is not. No matter how much it is diluted, if the games value grows by more as a result, that is a gain to existing owners, not a loss.

So I don't understand how it looks like we are back to not wanting any dilution on M/CKM. All I did was organize the earlier discussions and move from 60% to 50% dilution and now the concept is terrible? Get a grip. And that 5%-10% crowdfund amount is a joke. No new person would pay for CKM when such a small amount is up for grabs.

What is maddening more than anything else is the complete greed here on assets that are more or less worthless. You don't want to take a haircut at all, but were just fine taking out more than enough to develop the whole damn game for everyone.

Really, the truth of the matter is that you just get off being an argumentative prick.

For the moment no donations are being taken. If you are interested in contributing, a written pledge is enough until all the details are ironed out with the proper payment options.

"I am willing to invest 50XMR in the project." would result in adding +50XMR on paper to the initiative fund, and once the minimum amount is reached, the pledging parties will be contacted to collect the contribution.

My idea right now is to use the m3 depository and have the funds be transferred ingame to an account held not by me, or even held by Gringotts itself to be used for marketmaking, like how Kevorkian put his supply to use, and then withdrawn for a specific purpose that anyone can see: "Withdrawing 7.5XMR to pay 1 month salary for employee X" for example.

I don't want to hold the money if I don't have to, because trusting me to use it properly is enough and when the numbers get high enough, I don't want to paint a target on my back or awaken some unexpected temptations or whatnot. I'd rather let the safekeeping to the professionals.

Other options will likely exist. For example, iluvbitcoins said he'd pledge $1000 worth of Paypal funds. That works, because people will likely accept Paypal for whatever. So what will happen is when the need arises that allows for paying with Paypal, I will ask iluvbitcoins to uses those funds for that particular need. If the expense is something practical, like a piece of software or a service, you could even deduct it as your own business expense if you're into that.

I don't think centralization for this is necessary in these early stages, and perhaps not at all. Let's just figure out if we can raise the funds and then worry about how to actually get and use them.

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/

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

This is still the "CK Millions" as outlined earlier for M/CKM, just with additional clarity and a 2:1 dilution (50%) versus the 60% one that doesn't roll off the tongue as easily.

And no where did I say the tokenization has to happen NOW™. Speed's initiative, along with other items, should happen before a crowdsale or more active exchange seeking activities.

Also, just stop it with this "paid on top" business. I am willing to donate to Speed's initiative after not getting ANY of my initial CK XMR investment back, not to mention the missed depo payments.

Now, I'm glad you were able to cash out 5k XMR from CK (so almost $650k) and understand that you had put more XMR than that into the game, so it is still a net XMR loss for you, but it's getting old what you keep insinuating when, from a reasonable perspective, you were one of the largest game raiders.

Without a lone whale like Zech to raid as you did, the game would have to be worth tens of millions with strong volume just for me to get out what I am owed from depo payments, not to mention my initial XMR investment, without absolutely crushing the market. Now compound it by all the other players suffering from a net loss who may want to start seeking even some slight recovery and you should start to see how your repeated proclamations seem, at the very least, a little foolish. Really, I don't see how donating to Speed as well as trying to provide some input on a potential crowdfund where I'm not getting a damn bit of the money is me getting "paid on top."

Finally, in regards to a governance asset, that has been brought up by the forum and seems to be appealing to those who believe in a separation of ownership and currency units. Also, it does seem more compelling after hearing from boomboom in regards to how NXT handled a similar problem.

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.

My dudes... it is time.

The time to start fixing the underlying issues with CK and actually make it a game worth playing and investing in.

As a result I'm bringing forth a proposal for how this can be achieved, with your contribution. I intend to take on a more serious role, at least initially until better options come along and the ecosystem is mostly self-sustaining.

Introducing... The Phoenix Initiative, because originality is not my strong suit. <--- Click

For questions or suggestions, you know where to find me.

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

CAN ANYONE SAYS WHAT IS HAPPINING???

There is no reason to. Why would I give a damn if someone monitors my exchanges?
I'm not a big shot drug dealer or some shady stuff like that, if there is no reason for someone to monitor me why would there be a reason for me to hide?