CryptoKingdom Markets

[goin2mars.]

I don't know, I used all three depository shares and converted to USD, found a bunch of averages and came up with thinking this is worth anywhere from 1.06 million USD to 127.889 million USD, with a 'backing' of 3.042 million USD, hence the name of the sheet being crypto mindfuck:



This doesn't take into account any value outside the in-game exchange of depository shares and assumes that all depositories are legitimate.

Even if the depositories were legitimate namely fully funded they still paint a false picture if there is a deep pocketed participant dumping large amounts of XBT and EUR on the market. In this situations and assuming no fractional reserve there are essentially two possibilities:
1) The deep pocketed participant ends up owning the entire asset while over paying for it
2) The deep pocketed participant gives up trying to manipulate the price, the price goes back to its proper level, in many cases after over shooting to the downside. All this does is provide an opportunity for those who sold to buy back at a substantial profit.

On 1), the most that can be afforded by the participant, to my knowledge, is 99% of the M asset. Any amount over 99% of the asset, within the next three years, will absolutely be more than the participant's net worth (I say this with confidence now). Therefore 100% is unaffordable short of only theft and dilution scenarios which thankfully haven't happened since the CON default.

I think right now the ownership is (side-note to remind myself to thank papa for providing CK herald, find something of value to give him, and request that the CK herald be linked in as many places as possible, starting with my signature) 30.85% of the outstanding Markka. The total control of that same owner is, I think at least the top five holders, which are 56.85% of the total. There have been claims that these top 5 represent over at least 1000 people. I think the question here is, at which point would overpaying for the asset be happening?

The valuation of the online platform as a whole includes a few practical things that stand out to me -

1. Ability to act as a monetary exchange system (currently offering only Markka pairings)
2. An unprovably-fair casino
3. A transaction network backed by a non-cryptographically secure plainly observable ledger that will register the transfer of digital items directly from one to another
4. A stand-alone currency that is representative of ownership of the platform as a whole
5. An API to allow data generated to be pulled off site
6. A series of powerful commands to interact with this platform: Give, Buy, Sell, Consume, Dividend being just the most important few of more than 36 commands being available to accounts based on differing access levels.
7. A messaging system in which one can communicate their wishes outside of using in game commands to anyone or everyone for a voluntary fee.
8. Around 30-50 people minimum LARPing a Kingdom in IRC and BTCtalk

The actions of charid=1 have a direct effect on, up and until the complete destruction of each of these 8 things if so desired (this is assumed, possibly even being tested).

Every single one of these 8 things have also been affected by the CON default. The game mechanics have been placed on hold, as without decentralization of the underlying asset, every item on the platform stands to default at some point. Without money flowing in - what drive is there to have mechanics enabled?

Where am I going with this - we are shorting charid=1 right now. As long as this individual is present in a form in which the majority deems 'healthy and investable' then money would assumingly flow to the platform. I think the situation now is not so different than before with CON (Personally I am not the majority - but I see the general sentiment forming nonetheless).

I think CON worked as a whole and would have continued working if XMR didn't go up. But we all wanted it to (or at least most of us). CON hurt the platform because it was the platform, or town, or something official that offered CON.

Would it work again, if something not directly tied to the platform offered something similar? Say some FOC with a large % ownership in depo shares/markka/hopes+dreams to use as collateral if the CON fails?

And can the money raised from selling this pseudo-CON be used to pay developers and/or people to do work toward addressing flaws in at least 7 of the above points, formulating and refining game mechanics, even adding new points to the list itself?

Or is this all so ingrained toward charid=1 that nothing can be done otherwise? I mean at least 30-40% isn't in his direct control, so there's probably something that can be done, assuming the long-term prospect of charid=1 is not the total destruction of the platform (he's mentioned he's tried it and failed before)

On 2) I'm not sure if it's supposed to be ironic that fractional reserves go back to 1668 according to wikipedia. Admittedly, it's a tough sell to the first people to run to the bank (us), but for most of the population right now this would still probably seem like a natural thing to do.

With that in mind, possibly there is some % number out there in someones head that is currently preventing the paying out of depository shares. I don't know.

If the knowledge concludes that the shares will just be bought back with intent to increase relative platform ownership, then there is hardly any logical reason (short of moral obligation obviously) to pay out the depository shares, as default wouldn't be likely because first is that the shares can definitely be paid (dude's rich), and second what action could be taken by these people who obviously just want more depository shares? If the goal is to get more Markka ownership then their motive for active collection wouldn't likely involve the want to damage the platform.

Of course, if the motive is to just walk away forever - even these people will wait. Some got paid. It's a lot of money maybe it doesn't move that fast. I only got 33% of what I sent to new. Was the interest addendum voiced by zechariah or the platform as a whole? I see the in game description is that interest is paid - who edited it? Toward that matter - what logical reason could there possibly be to offer such a high interest rate on payouts? Was the desire to get Markka that high? Why? I mean I bet there's people who sold specifically to collect on the interest rate (similar to CON - you give 15 XMR and get .1 XMR 'forever').

And that is why I bet a whole billion on SGC. Seems like a deadlocked grapple. Maybe I'm wrong and lose a billion. This will pass some day though.

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[CrazyLoaf]

Dump your CAN, SW5, FUCK, and HM02B100 on me bros...

[generalizethis]

Dump your CAN, SW5, FUCK, and HM02B100 on me bros...

How much more CAN do you need?

[CrazyLoaf]

Dump your CAN, SW5, FUCK, and HM02B100 on me bros...

How much more CAN do you need?

On CAN, another 210k would do.

On SW5, I'll just take all people want to dump.

On FUCK, I'll take them all!

On HM02B100, maybe another 25 or so...

[CrazyLoaf]

Buying M2, sell your crap to me!

[generalizethis]

Buying M2, sell your crap to me!

Beat you to it

3:58 AM <ckBot> hmc_: Top Owners of s-sgc:
3:58 AM <ckBot> 1. MOOO : 1,280
3:58 AM <ckBot> 2. HMC : 500
3:58 AM <ckBot> 3. ODIN : 200
3:58 AM <ckBot> 4. DEBORAH : 20

[tombots]

Weekly housing markets report. These houses / land lots are for sale at the moment:

Borough 1
650 mil: https://cryptokingdom.me/land/lot/details/40

Borough 2
900 mil: https://cryptokingdom.me/land/lot/details/364
1400 mil: https://cryptokingdom.me/land/lot/details/363

Borough 3:
400 mil: https://cryptokingdom.me/land/lot/details/600

Borough 9
1,600.0mil: https://cryptokingdom.me/land/lot/details/913
100,000.0mil: https://cryptokingdom.me/land/lot/details/931

Borough 22
1,000.0mil: https://cryptokingdom.me/land/lot/details/471

[generalizethis]

Greetings good citizens of Crypto Kingdom!

Announcement 1:
I have decided it's time to consolidate all my in-game assets from both my characters, OZ & Hokusai, into 'M'.

Unfortunately, poor health from virtually the start of the game back in October 2014 has prevented me from participating fully in managing my characters as I had hoped when I first saw Risto's announcement.

I have been very fortunate though, and Roopatra has done a great job keeping OZ & Hokusai 'alive' in the health challenges, but it's time to face reality; I am not likely to ever manage my own CK characters again.

I still intend to be involved with CK, but it's time to concentrate on one thing, and hopefully do it well.

I will be selling almost everything I own within CK (I may keep a few things like my 4 silver Unicorns), but this is an 'everything must go' sale, so I expect there will be some good bargains!

Exact details of the sale process and time will be announced later, but I wanted to give potential buyers plenty of warning now so people can see if there's anything they like, and prepare.

The sale/auction might achieve the best result if the items are broken down into 2-3 separate categories, and sold in stages.

For the sake of CK it would be great to see as many new players as possible bidding/buying, and I'm open to ideas on how best to achieve that.

OZ - https://cryptokingdom.me/player/playerItems/26

Hokusai - https://cryptokingdom.me/player/playerItems/64



Announcement 2:
I also want to announce my intention to setup an independent depository, "Gringotts".

Full details to follow as things come together, but my hope is to devise a setup that achieves 100% community trust asap.

I currently own ~6% of 'M', and after the sale of my in-game assets it should hopefully be quite a bit more.

My intention is to fund the depository with sufficient 'M', but I don't want to manage it myself, and I don't want to  have access to any deposited funds either. I will be a 'silent' partner.

If all goes well Gringotts depository should open before the sale/auction of OZ & Hokusai's possessions, so players have time to deposit and purchase 'M' if required in preparation for the sale!

I don't have a time frame in mind yet, and I would prefer to move slowly if it helped get community support, (plus I'll need help), but I would expect a few weeks or possibly a month before everything I hope to do is completed.

"Gringotts" will NOT be the official depository of Crypto Kingdom as far as I am concerned (it'll be independent), and I can see no reason why it would be the only independent depository active in the future - competition is good - but at the moment CK does not have a working depository, and if this continues the Game will probably end, so it is time to act.

In-game CK assets need to be convertible into other crypto assets for the continued success of what Risto has created!

[ArticMine]

The supervisory board meeting was just held. The main points:

- Syksy's R code (stats + Blackjack) will be made public, waiting for a willing maintainer
- A new depository will be run by ChrisPop (see message above). Caveat emptor.
- FUCKs are gone. Nobody gives a fuck about all this.
- Risto's characters are disabled until payment of debts
- PJ is working on some updates for the clans from before he got hijacked by the risto silliness

[Speed_CK]

DEPOSITORY ANNOUNCEMENT

I've been in talks with moneromooo and I have came out with the following depository plan after some discussions and modifications:

1. For every 0.0001btc deposited I will create 1 BO and give to the person who deposited(BO=0.0001btc)
    

• Minimum deposit: 10 BO(0.001btc)
• Minimum withdrawal: 10 BO(0.001btc)
• BO value is fixed for both deposits and withdrawals
• Withdrawal fee: 1%(eg.: if you withdraw 10 BO,you will receive 0.0099btc)
• Maximum 2 withdrawals/day per char(to prevent abuse)
• After withdraw BO will be burned.
• Withdrawal delay: maximum 2 days

   
2. 75% of the deposited funds will be used in btc hedge/arbitrage trading and forex scalping EA trading. 25% will be kept as liquidity for withdrawals in a CK reserve BTC account.
3. 50% of the trading profits will go into CK reserve BTC account for more reserve and liquidity.(the rest will go to trader)
4. If the reserve CK btc account contains more than 100% of the deposits,depository administrator will talk with the game admins and find a way to use the surplus funds over 100% of the deposits for the sake of the game.(ex: total active deposits: 10 BTC; funds in trading: 7.5 BTC;funds in reserve account: 12btc: 2 BTC will be used for game development,rewards to citizens,etc..)

I'm awaiting approval from the other game admins. I'm open to questions and/or requirements you might have!
Thank you!

Today was opened the BO (BurstOcean) depository at a 0.0001 BTC per BO token rate, with a simple 1% withdrawal fee. This is a first action that should revitalize the CK economy and restore the trust that was lost due to the b1/b2 fiasco.

I personally deposited 0.03BTC for a whopping 300BO and immediately put it on the market to capitalize on that sweet sweet early adopter privilege. Almost immediately, 1/3rd of my BO sold at a rate of 1 million M per BO, or 10 billion M per BTC.

This shows that the uncertainty in the market is still there and the early adopter bonus is very strong

If we look at how things were before the depositories going haywire, B1 (which is 1:10 with BO) was stable at as low as 30k M and as high as 180k M, mostly being around 50-80k. When things went haywire it went up to 1-2mil M.

Since then, the M supply quadrupled and it lost relative value due to lower trust in the game and less circulation. I would then say that a 5x multiplier is reasonable as a baseline for comparison. If we take the 50-80k M stable value, then when things will stabilize once again with an increase in game trust and circulation, one BO should end up at around 25-40k M.

As more deposits happen, supply increases, and trust goes up along with the liquidity, I expect the value of M to once again go up and BO to stabilize at 25-40k M, or 250-400mil per BTC. As a result, depositing now and selling would probably be highly profitable if you are invested in the game and believe it will recover and continue to grow.

Right now, however, M is still hyperinflated due to great uncertainty in the market and the state of the game, so I expect the general perceived value of BO to be around 150k M at the moment, with a "real" value of 25k.

Great demand obviously exists, and there is still a window where supply is low and there is not much market-making and significant profits can be made... People are still itchy to withdraw, and as soon as bank is injected, it will be viable (assuming ChrisPop stands by his word).

Happy trading.

[ArticMine]

...

Today was opened the BO (BurstOcean) depository at a 0.0001 BTC per BO token rate, with a simple 1% withdrawal fee. This is a first action that should revitalize the CK economy and restore the trust that was lost due to the b1/b2 fiasco.

I personally deposited 0.03BTC for a whopping 300BO and immediately put it on the market to capitalize on that sweet sweet early adopter privilege. Almost immediately, 1/3rd of my BO sold at a rate of 1 million M per BO, or 10 billion M per BTC.

This shows that the uncertainty in the market is still there and the early adopter bonus is very strong

If we look at how things were before the depositories going haywire, B1 (which is 1:10 with BO) was stable at as low as 30k M and as high as 180k M, mostly being around 50-80k. When things went haywire it went up to 1-2mil M.

Since then, the M supply quadrupled and it lost relative value due to lower trust in the game and less circulation. I would then say that a 5x multiplier is reasonable as a baseline for comparison. If we take the 50-80k M stable value, then when things will stabilize once again with an increase in game trust and circulation, one BO should end up at around 25-40k M.

As more deposits happen, supply increases, and trust goes up along with the liquidity, I expect the value of M to once again go up and BO to stabilize at 25-40k M, or 250-400mil per BTC. As a result, depositing now and selling would probably be highly profitable if you are invested in the game and believe it will recover and continue to grow.

Right now, however, M is still hyperinflated due to great uncertainty in the market and the state of the game, so I expect the general perceived value of BO to be around 150k M at the moment, with a "real" value of 25k.

Great demand obviously exists, and there is still a window where supply is low and there is not much market-making and significant profits can be made... People are still itchy to withdraw, and as soon as bank is injected, it will be viable (assuming ChrisPop stands by his word).

Happy trading.

10 Billion M per XBT is approximately  184 Million M per XMR 1.84 Million M per 0.01 XMR (M3). This is within the ballpark for saddam's M3 XMR depository which currently trading a higher valuation for M 500,000 M bid / 1,000,000 ask for M3. Still in both cases there is very little liquidity when compared to the paid and not paid withdrawals of B1 / E1 and outstanding B1 / E1 that has not been withdrawn.

One big cloud over M is that  rpietila  (ZECHARIAH) holds over 900,000,000,000 M out of 4,000,000,000,000 total. If a significant portion of the debt is settled in terms of M and the creditors dump M well do the math. This is why the outstanding B1 and E1 debt is a very significant cloud over M even after rpietila's administrative privileges in the game were revoked. The aftermath of this attempted manipulation / pump of M is far from over.

[bv68bot]

One big cloud over M is that  rpietila  (ZECHARIAH) holds over 900,000,000,000 M out of 4,000,000,000,000 total. If a significant portion of the debt is settled in terms of M and the creditors dump M well do the math. This is why the outstanding B1 and E1 debt is a very significant cloud over M even after rpietila's administrative privileges in the game were revoked. The aftermath of this attempted manipulation / pump of M is far from over.

This may have been Risto's plan all along, no retreat possible!

Burn The Boats

It was the year 1519 and Hernán Cortés, with some 600 Spaniards, 16 or so horses and 11 boats, had landed on a vast inland plateau called, Mexico.

The Span­ish con­quis­ta­dor and his men were about to embark on a con­quest of an empire that hoarded some of the world’s great­est trea­sure.  Gold, sil­ver and pre­cious Aztec jew­els were just some of what this trea­sure had to offer any­one who suc­ceeded in their quest to obtain it.

But, with only 600 men — none of whom had encum­bered them­selves with pro­tec­tive armour – con­quer­ing an empire so exten­sive in its ter­ri­to­ries could only be under­taken by a man with a death wish.

This dar­ing under­tak­ing was made even more insur­mount­able by the fact that for more than 600 years, con­querors with far more resources at their dis­posal who attempted to col­o­nize the Yucatan Penin­sula, never suc­ceeded.  Hernán Cortés was well-aware of this fact.  And it was for this rea­son, that he took a dif­fer­ent approach when he landed on the land of the Mayans.
Instead of charg­ing through cities and forc­ing his men into imme­di­ate bat­tle, Hernán Cortés stayed on the beach and awoke the souls of his men with melo­di­ous cadences – in the form of embla­zoned speeches.

His speeches were inge­niously designed to urge on the spirit of adven­ture and invoke the thirst of life­times of for­tune amongst his troops.  His ora­tions bore fruit, for what was sup­pos­edly a mil­i­tary exploit, now bore the appear­ance of extrav­a­gant romance in the imag­i­na­tions of Cortés’ troops.

But, iron­i­cally, it would only just be 3 words which Cortés’ mur­mured, that would change the his­tory of the New World.  As they marched inland to face their ene­mies, Cortés ordered, “Burn the boats.”

It was a deci­sion that should have back­fired.  For if Cortés and his men were on the brink of defeat, there wasn’t an exit strat­egy in place to save their lives.  Remark­ably though, the com­mand to burn the boats had an oppo­site effect on his men because now, they were left with only 2 choices — die, or ensure vic­tory.  And fight they did.

We know today, how Cortés’ deci­sion to burn his boats panned out.  Hernán Cortés became the first man in 600 years to suc­cess­fully con­quer Mexico.

Though his­to­ri­ans still dis­pute the verac­ity of Hernán Cortés burn­ing his boats, it’s doubt­less that Cortés did destroy his boats.  But, he wasn’t the first man to make such a bold, strate­gic deci­sion to ensure victory.

About a thou­sand years before, the world’s great­est empire builder, Alexan­der the Great burned his boats upon arrival on the shores of Per­sia.  By burn­ing his boats, Alexan­der com­mit­ted his men to vic­tory over the Per­sians, who far out­num­bered the Greeks in great num­bers.  Fur­ther­more, Per­sia then also had the dis­tinc­tion of hav­ing the most pow­er­ful naval fleet in the world.  Con­sid­er­ing what Alexan­der was fac­ing, the deci­sion to destroy the Greeks’ only hope of retreat was an extra­or­di­nary one.  Nonethe­less, it proved to be the cor­rect one.

Our his­tory books also boast of other fear­some Greek com­man­ders who exe­cuted the same strat­egy to guar­an­tee vic­tory.  Taric el Tuerto, oth­er­wise known as Tariq ibn Ziyad, the gen­eral who con­quered His­pania in 711, burned his boats when fight­ing the Spaniards, as he too had a valid rea­son to do so — his army was out­num­bered 5:1.

Was this act of burn­ing the boats a mock drama­ti­za­tion of brav­ery, or a clev­erly con­structed strat­egy?  In Sun Tzu’s The Art of War, it brings to light the logic behind the deci­sions of history’s great­est con­querors to burn their boats at the risk of being killed in enemy hands.  It was sim­ply to erad­i­cate any notion of retreat from the minds of their troops and com­mit them­selves unwa­ver­ingly to the cause – Vic­tory.  Defeat wasn’t an option at all.

http://burningboats.com/about-burningboatscom/

[ArticMine]

One big cloud over M is that  rpietila  (ZECHARIAH) holds over 900,000,000,000 M out of 4,000,000,000,000 total. If a significant portion of the debt is settled in terms of M and the creditors dump M well do the math. This is why the outstanding B1 and E1 debt is a very significant cloud over M even after rpietila's administrative privileges in the game were revoked. The aftermath of this attempted manipulation / pump of M is far from over.

This may have been Risto's plan all along, no retreat possible!


...

The burn the boats strategy works only if the boats in question are the only means of retreat for the soldiers, officers etc. It failed in this situation because the boats in question were not the only form of retreat for the soldiers officers etc, which in this situation in many cases ended up with a significant victory with limited risk / cost to themselves. The question that does remain here is: Were the boats in question the only form of retreat for the commander?

In this case a very significant portion of the soldiers, officers etc., did not buy at all into the battle plan and believed that victory could be achieved using a longer term strategy with much lower overall risk, and furthermore had previously achieved major victories using a similar low risk long term strategy in other battles.

Edit: Sun Tzu's The Art of War teaches a lot more about war and strategy than burning boats.

[bv68bot]

One big cloud over M is that  rpietila  (ZECHARIAH) holds over 900,000,000,000 M out of 4,000,000,000,000 total. If a significant portion of the debt is settled in terms of M and the creditors dump M well do the math. This is why the outstanding B1 and E1 debt is a very significant cloud over M even after rpietila's administrative privileges in the game were revoked. The aftermath of this attempted manipulation / pump of M is far from over.

This may have been Risto's plan all along, no retreat possible!


...

The burn the boats strategy works only if the boats in question are the only means of retreat for the soldiers, officers etc. It failed in this situation because the boats in question were not the only form of retreat for the soldiers officers etc, which in this situation in many cases ended up with a significant victory with limited risk / cost to themselves. The question that does remain here is: Were the boats in question the only form of retreat for the commander?

In this case a very significant portion of the soldiers, officers etc., did not buy at all into the battle plan and believed that victory could be achieved using a longer term strategy with much lower overall risk, and furthermore had previously achieved major victories using a similar low risk long term strategy in other battles.

Edit: Sun Tzu's The Art of War teaches a lot more about war and strategy than burning boats.

Yes, I'm talking from here on, AFTER the remaining b1 & m3 depos have been almost depleted, and the limbo b1 likely defaulted on, those who didn't exit during the artificial peg period are stuck now, so they 'fight' and make CK a success so their M and in-game assets go up in value, or CK dies, and their losses are realised.

Those who exited successfully (actually withdrew) do not have the same motivation to make CK a success now as those stuck inside CK.

From Ristos point of view this might be what he wanted to achieve, some motivated stake-holders.

[SkunkBushGrowler]

  rpietila  (ZECHARIAH) holds over 900,000,000,000 M out of 4,000,000,000,000 total.

4 trillion .... a whale own 900 billion ... what are you guys doing?

[generalizethis]

  rpietila  (ZECHARIAH) holds over 900,000,000,000 M out of 4,000,000,000,000 total.

4 trillion .... a whale own 900 billion ... what are you guys doing?

Creating a network battle system that has a virtual economy to run war games real and fantasy. What are you doing?

[SkunkBushGrowler]

  rpietila  (ZECHARIAH) holds over 900,000,000,000 M out of 4,000,000,000,000 total.

4 trillion .... a whale own 900 billion ... what are you guys doing?

Creating a network battle system that has a virtual economy to run war games real and fantasy. What are you doing?

ha ha, network battle system sounds cool bro, just thought those numbers looked pretty huge.

are the war games real or fantasy so far?

[generalizethis]

  rpietila  (ZECHARIAH) holds over 900,000,000,000 M out of 4,000,000,000,000 total.

4 trillion .... a whale own 900 billion ... what are you guys doing?

Creating a network battle system that has a virtual economy to run war games real and fantasy. What are you doing?

ha ha, network battle system sounds cool bro, just thought those numbers looked pretty huge.

are the war games real or fantasy so far?

Both atm if you include economic warfare

[generalizethis]

The Stonehaven Gaming Company

Upon the King's suggestion, this new bet is now about the market cap dominance of Bitcoin. Since a lot of altcoins have increase in value recently, we wonder whether Bitcoin will still be above 50% market cap in a week's time.

https://cryptokingdom.me/marketplace/item/SGC010A says yes
https://cryptokingdom.me/marketplace/item/SGC010B says no

See the item notes for details.

Enjoy

http://itsalmo.st/#btcaboveorbelow50percenttotalmarketcap

[proride]

PLEASE! Unswer to me someone!
I have 800 000 000 Markka for now
Can I withdraw something now? And how?
PLEASE HELP!