[ANN][WOLF] Project WOLF

[stereotype]

What am I missing here? Is there an obvious hole/exploit in the plan I'm missing, or do other traders prefer to leave it up to chance with random-alt, or?

IMO, I think you may be missing how the uncertainty factor just cant be overcome in the minds of the needed majority, for this to play out as planned. Saying that, you can see people understand the plan, im just wondering if the 'necessary' amount, just isnt enough. I also think the amount of calculating an individual has to do with regards to trust, with your direct involvement, but more so, with other traders is probably too uncomfortable for most, and/or too unconventional, maybe. Theres nothing you could have done, but it was arguably the worst time to try something like this, as far as trust/buying interest/general sentiment is concerned.
Thats not taking anything away from your efforts here, as ive found it interesting to watch from a social trading experiment, point of view.  

You have something, just not sure it belongs here.     

 

[ElynCho]

I lost almost everything i got on this coins, that really sucks.

[hammer1]

Open Question: I feel like I'm missing something, throughout my involvement with crypto's over the last few years, it's appeared to me that all each trader really wants is PROFIT  (a dumpless coordinated pump), with no surprise dumps from people who got in really low or miners, and where the coin ends up with solid buy support that incrementally backs up any natural rises from new people joining the coin, thus ensuring a profit and ensuring stability of holdings. I was and am quite sure that this phase of WOLF provides that, so very surprised that the response has been so low. What am I missing here? Is there an obvious hole/exploit in the plan I'm missing, or do other traders prefer to leave it up to chance with random-alt, or?

http://en.wikipedia.org/wiki/Free_rider_problem
http://en.wikipedia.org/wiki/Tragedy_of_the_commons
http://en.wikipedia.org/wiki/Game_theory

The uncertainty is the issue. If this plan had executed quickly (it's now been a week with no movement...which is a LONG time in the world of crypto. Everything is super volatile and the fact that nothing has happened in such a long time is rightfully scaring people) or had any kind of backing to it, then it may have worked. The fundamentals are sound and the issues with human nature that utopianfuture points out could have been mitigated had it moved quickly. But as you can see, people are worried that nothing will happen and their WOLF holdings will be worthless and that the other holders will sell for the remaning BTC on the buy side, and it pushed the price down. I'm partially responsible in that I sold some of mine into the .9 buy wall days and days ago (so now I'm "only" left with around 8000 WOLF) and I can't blame those who sold all the way down to .13 even though to me that's not worth it. But holders are pricing in the % chance they think this is going to work at this point and clearly some people are just trying to get out for whatever they can. And very few people are willing to buy in, because there's so much uncertainty that the dev has done a pretty poor job of mitigating.

It will take a buy up of the books below the .91 sell orders (about 5 BTC now) and then putting up the first buy wall to push the price up and then getting the next buy walls up, but even then, I anticipate people selling right through those very quickly.

In retrospect it would have been so much better to take the 80+ BTC from week 6's sunday and just used that for phase two rather than one last game play. Then I think it would have worked. Now, well, I'm not so sure.

[illiki23]

I don't think buying up the sell wall will last very long.  The chances of people dumping into it are very high right now.  If given a second chance I believe most people will get out of the game.

I think the best thing you can do is turn it into a POS with a decent interest rate.  This will give value to the coin.  That and building utility like establishing merchants. (Someone can start by doing something simple such as selling InsanityCoin t-shirts)  This will bring value to the coin while at the same time burning some of it and giving people a chance to get their bitcoins back out.

A lot of bitcoins were removed from the system by players who cashed out.  Because of this it will be hard to get the value back up to where it was before.  Either many people will have to take a loss at this point or new bitcoins need to be injected into the game.

[InsanityDev]

Things appear to moving, several interesting conversations from holders in pm and via email, conversation with a couple of investors too..

It would be very good to know who's intends what - if we're not already in contact and you have say 5000+ please do give me a shout with a ballpark figure of what you've acquired, whether you're in for the long or short haul, and if you may bring any btc to the table too.

Thanks all.

[linna]

Your birthday is the BTC welfare,  Has lost confidence in you , Can't promise you again take BTC to welfare.The price of poloniex far below your price  ,Price difference can't leveling never someone to buy you.   When the second phase of the subscribe to what end? Would not have been so go down for a while ？

[Zeegeuze]

I still don't understand why there is always less and less Wolf for sale on Poloniex... The total sell orders are now 55.000. Last week this was still 70.000, 2 days ago 64.000: what is happening with the other wolf?  Are people not putting sell orders any more? Or am I missing the obvious here?

[Philll90]

I still don't understand why there is always less and less Wolf for sale on Poloniex... The total sell orders are now 55.000. Last week this was still 70.000, 2 days ago 64.000: what is happening with the other wolf?  Are people not putting sell orders any more? Or am I missing the obvious here?

Why should they put sell orders, when it is obviously that the orders don't get filled?

[yhgfhy8]

If I do a single big bump, the most likely scenario is that another trader buys up the book first, placing their order at the top to be bought to maximize that single traders profit, and nobody else's.

[hammer1]

I still don't understand why there is always less and less Wolf for sale on Poloniex... The total sell orders are now 55.000. Last week this was still 70.000, 2 days ago 64.000: what is happening with the other wolf?  Are people not putting sell orders any more? Or am I missing the obvious here?

Well, about 12K got sold the past two days, so that's part of it, and whoever bought probably didn't put it back on the books.

[provenceday]

dev i will glad to help do some promotion work in china.

will you want to set a  multipool for wolfcoin, then you can buy wolf from the market.


you can ask  Adriano: https://bitcointalk.org/index.php?action=profile;u=112568  to help us set a multipool, just like bc coin

[InsanityDev]

Update with the current status of WOLF coming shortly, getting the last two figures I need now - looks very positive!

[domtasc3]

dev i will glad to help do some promotion work in china.

will you want to set a  multipool for wolfcoin, then you can buy wolf from the market.


you can ask  Adriano: https://bitcointalk.org/index.php?action=profile;u=112568  to help us set a multipool, just like bc coin

+1
    Dev if you could start a mulitpool or someone who knows how, we could drive the wolf price up. Obviously there is little interest in WOLF right now, as we haven't even sold 10 btc worth since Wolf has been restructured.  I think we might need to vote on just destroying the unsold supply after next week and let it become a market only driven coin. No more supply (other than the small amount mined) with a multipool would make the WOLF price skyrocket in a hurry.  

[InsanityDev]

dev i will glad to help do some promotion work in china.

will you want to set a  multipool for wolfcoin, then you can buy wolf from the market.


you can ask  Adriano: https://bitcointalk.org/index.php?action=profile;u=112568  to help us set a multipool, just like bc coin

+1
    Dev if you could start a mulitpool or someone who knows how, we could drive the wolf price up. Obviously there is little interest in WOLF right now, as we haven't even sold 10 btc worth since Wolf has been restructured.  I think we might need to vote on just destroying the unsold supply after next week and let it become a market only driven coin. No more supply (other than the small amount mined) with a multipool would make the WOLF price skyrocket in a hurry.  

I'll have an update on that in the next few hours

The current status is:
Roughly 173k WOLF are in circulation with the remainder destroyed, of that all but 38,000 is unaccounted for (as in I don't know who has it), with the rest held by investors or long term holders of various sizes. That 38k figure will drop as I'm waiting on two more replies. 'm expecting there to be about 15-20k in hands who haven't expressed any intent on what they want to do, so must assume dump on the way up.

Moving forward, one of the larger holders has expressed interest in buying about 130k from the pot over the next few days, which would really get the ball rolling, and numerous others have expressed intent to buy various amounts once the pots start moving.

Things appear to be turning.

Regarding multipool, that's viable, in fact there has been one since day one to technically support the mining contracts which run the WOLF network.

[coinlover57]

Look at the order book on poloniex!

Almost 10 BTC volume and no order left under the dev price for a few batches. Dumpers seem to be out, it is time to get phase 2 started!

[InsanityDev]

Look at the order book on poloniex!

Almost 10 BTC volume and no order left under the dev price for a few batches. Dumpers seem to be out, it is time to get phase 2 started!

Some more good news.

If it helps any, I asked many of you to express intent, and the summary of that is that between you you have about 60 BTC to put in to start, but all want to see a random pot between 2 and 6 sold first! Nobody wants to move first without the others.

[hammer1]

Look at the order book on poloniex!

Almost 10 BTC volume and no order left under the dev price for a few batches. Dumpers seem to be out, it is time to get phase 2 started!

Some more good news.

If it helps any, I asked many of you to express intent, and the summary of that is that between you you have about 60 BTC to put in to start, but all want to see a random pot between 2 and 6 sold first! Nobody wants to move first without the others.

Now's the time, before people start undercutting again...get those buy walls up!

[linna]

Poloniex suddenly pull, how now again nothing happened

[provenceday]

things becomes interesting now!

[shanjun]

WOLF what stage it is, how to buy the wall