[ANN][WOLF] Project WOLF

[GAML]

This is like when KLF burned 1million pounds in the name of art :-)

[ZeroK]

Max 900,000 coins are available at 0.001 BTC each.

Does the price given change every week, or stay the same?

Also, doesn't the fact that sellers will compete to have their coins be the ones that are bought back mean the exchange price will get dragged down to the price they bought at, or, if people get desperate, even lower?

EDIT: What time and date is the weekly buy back going to happen?

[InsanityDev]

Does the price given change every week, or stay the same?

Stays the same   So yes, you can sell a small percentage back for BTC and re-buy at base price of 0.001 to increase your holdings. This depletes the money supply faster and drives real coin price up higher and faster.

Also, doesn't the fact that sellers will compete to have their coins be the ones that are bought back mean the exchange price will get dragged down to the price they bought at, or, if people get desperate, even lower?

If they get desperate, there are orders on market to accommodate dumps.
No single person holds enough to push the price down, the amount being bought in BTC is known, so even if somebody puts 4000 up for sale at 2% gain, the next best order may be 1 coin for 5 BTC and it'll get fully bought too.
Will be interesting to see how people play it, and if approaches change each week.

EDIT: What time and date is the weekly buy back going to happen?

Over the weekend, no specific time so as to give nobody an advantage, it'll be obvious when it happens.

Great questions, thanks!

[ZeroK]

The weekend according to which time zone?

Wouldn't a narrower time range be better, as people can be more prepared while still retaining fairness?

Over a weekend people have to sleep, but if a narrower range was used, for example, 00:00 to 06:00 GMT on Saturday, then people have more choice in whether they can be involved during the buy back.

It's easier to get up 6 hours early or sleep 6 hours later than it is to stay awake for up to 48 hours.

[InsanityDev]

The weekend according to which time zone?

Wouldn't a narrower time range be fairer, as people can be more prepared while still retaining fairness?

Over a weekend people have to sleep, but if a narrower range was used, for example, 00:00 to 06:00 GMT on Saturday, then people have more choice in whether they can be involved during the buy back.

I have to retire for the night as it's 3am here

• pm orders and I'll serve in the morning ~ 9am (UTC)
• please discuss the subject of when buy orders should be placed, happy to take community feedback, we're all in this together

Best, and a wonderful day 1 - one exchange added, a second one coming, over 10 11 BTC in the pot - here's to the pack, and let's enjoy this novel trading game

[busoni]

BTC/WOLF market now on Poloniex:

https://poloniex.com/exchange/btc_wolf

[ZeroK]

The delay in buying WOLF here has raised buy orders on https://poloniex.com/exchange/btc_wolf to 0.0014 BTC. Disregarding volume, that's a potential profit of 40% for anyone who has already bought in.

[americanpegasus]

I'm buying half a bitcoin worth.  Done.  Dibs. 
 
This is pretty much the greatest thing ever.   

[americanpegasus]

Though it would raise my confidence in the devs if the wallet didn't crash and throw C++ error messages when I try to close it. 
 
Also, shouldn't there be an insanity wolf graphic on there?

[keepwalking1234]

want to buy some wolf, how to buy this coin?

[CryptoCasino]

OneRareCoin said he created Proof Of Rarity before you and he made his thread a week before you and I checked and he actually did. thread: https://bitcointalk.org/index.php?topic=457462.0

this is his new thread for launch: https://bitcointalk.org/index.php?topic=473921.new#new

did you copy him?

[onerarecoin]

OneRareCoin said he created Proof Of Rarity before you and he made his thread a week before you and I checked and he actually did. thread: https://bitcointalk.org/index.php?topic=457462.0

this is his new thread for launch: https://bitcointalk.org/index.php?topic=473921.new#new

did you copy him?

Thanks for the interest in my coin, and yes for the most part he basically copied my coin but I haven't released the code yet so he basically just cloned the information I made available and programmed his coin around that without fully understanding proof of rarity (POR) protocol. Without the actual protocol that I created to compete with dumps and increase demand etc. I feel like he sloppily created this as a clone and not a very good one at that. Heres a link to my thread of the purchase phase: https://bitcointalk.org/index.php?topic=473921.new#new

and heres my pre announcement thread that I made 1 week before insanitydev: https://bitcointalk.org/index.php?topic=457462.0

[hammerbrain]

Reject reason and logic, prize nonsense, irrationality and intuition.

Intend to offend.

Ban the banal.

Viva la Wolf!


Lol.....cool concept 

[username here]

This is fucking insane, I can't even watch.  I feel like 1 coin is going to be sold for something insane.

[derrend]

what's the btc address of the pot so we can see it for ourselves?

[username here]

what's the btc address of the pot so we can see it for ourselves?

does it matter?  He would have the address so if he really wanted to, he could just run off with it even if you could see it.

[mlocks01]

Sounds interesting. Is it too late to get in on 1000 coins for 1 BTC?  If not please send to the address below. Thanks.

Deposit: WjKPuDpmFzhK96nC6QvtgK7ohXoUBsoRTz

[LitcoinCollector]

Insane, don't know what to expect, I have bought!

[andyatcrux]

Live link to BTC is down. This is an ingenious idea, whether it be legit or a scam. The link to the BTC not working is not a good sign though. But hey if he is going to make off with the BTC I am sure he will let it heat up to the weekend when there is 100BTC "in the pot"

[helloword2013]

how to mine
qt client shut down when I solo use CGminer,is a bug ?