i'm confused
if each week we can buy 0.001 from dev, what different buy now and buy in next two week ?because we can buy from dev at same price.
no difference if you are holding log term, big difference if you are in it to trade and try and grow your balances each week (especially sunday).
Please don't think I'm an idiot, I just was someone to spell it out for me for clarification purposes but - Every time a transaction occurs, every time a balance is sent from 1 wallet to another 10% of the balance is lost and this is always the case. Is that correct?
Thanks :p
Correct. It is additive, so if you wan't to send 1000 WOLF to somebody then the tx fee will be 100 WOLF, wallet balance required for the transaction would have to be 1100 or more.
so what happens to the last guy holding the coin? Will he be "it" sitting with some WOLFs with BTC value so high no one would want to buy?
no idea what will happen, or if there will be only one person, or if there will be an "end", price could stabilize, keep growing, shrink, no idea (same question applies to every coin).
Assuming today is Sunday and OP decides to buyback all coins (current pot in hand as he said was 34BTC). Now looking at Poloniex sell positions, he can buy up to 0.01 which sums to about 34 BTC and burn 12k WOLF. Then game resets tomorrow where those who got covered by the buyback will buy again at OP at 0.001 OR call it a game.
Is this correct?
Correct
What does "numerous strategies" mean, and what benefits do they have over a single big bump?
I guess it means that the dev will place an order an 0.XX and then will buy his own order back
I see that premined coins are in favor now, AUR with 50% premine goes up in difficulty & price, this one 100% premine had a 37 BTC market. Crazy
Other than the 6,000 coins the dev has allocated for himself, he cannot have more coins obtained at a rate lower than 0.001BTC, as this would show as a discrepancy between the BTC in the pot and the number of WOLF sold so far.
This means that for any amount over 6000 WOLF, the dev would only lose money by selling at less than 0.001 BTC per WOLF.
Therefore this coin should not be considered to have a premine of more than ~1%, assuming the bump happens honestly.
The dev could put his own order in just before he knows it will be filled. I'm not sure how the risk of this could be mitigated, or even if this could be detected after it was done, although I think it would be suspicious if a new large sell order was put up at a high price and filled almost immediately. It seems it will require trust, although maybe poloniex could tell us if the dev was filling his own orders from the pot.
my own holdings:
I had 10,000 (pre-tax), I sent 9090 to myself, destroying 909.
I gave 1000 to "Crypt X" for the windows-qt destroying 100
I gave 1000 to poloniex destroying 100
I was scammed out of 100 by a user who claimed to be from coinmarket.io, destroying 10
I sent 40 to the wrong address, so took that hit destroying 4
left: 6736 ( 9090-(2140*1.1) )
I then moved my balance to another wallet on my pc last night, destroying ~613 coins in the process.
I now have 6123 WOLF, 5566 of which is spendable.
So I have nearer 0.55% of the coins, of which I'm sure I'll need to offer some more for bounties, and I've destroyed 2300+ of my own coins.
"numerous strategies" - my goal is to acquire and destroy as much WOLF as possible, multiple players will be on the market on sunday, many with additional BTC hoping to buy up cheap WOLF and sell it for more, last night I noticed
24hr volume for day one on poloniex was already 26+ BTC with an average price of 0.00144 (44% higher). So one must assume that far more than just the "btc pot" I'm using will be being traded on sunday for WOLF. I am an ethical man and well versed crypto trader. I will be posting my full trading history for the night, you will be able to see every move I made after the trading session has finished. I presume the trading will be intense.
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. Thus I have to be more thoughtful in order to be fair to everyone, and to achieve my goal of destroying as much wolf as possible. I cannot plan or pre announce my strategies more than that, else it will be abused. The key thing to remember is that I'll be using every trick I know to acquire as much WOLF as possible.
The design of this means that anybody who bought from me and wants out for a fair profit of should easily be able to achieve ~50%+ I fully expect some to achieve less, and many to jackpot at much higher percentages with a percentage of their WOLF balance. Ultimately I hope to destroy 25-50% of the coins sold each week, to have a fun (insane) market for most of each sunday, to have more WOLF holders at the end of each sunday, for many of you to have made a profit, and of course to have exponentially more wolf sold the following week with a bigger pot for the next sunday(s).
Block Explorer: back online, I forgot to nohup it yesterday so it runs in the background / doesn't turn off when I close a connection to dedicated server.
online from now, catching up on PMs and sending WOLF
