[ANN][WOLF] Project WOLF

[InsanityDev]

supply locked, pending orders will be with you in the next few minutes, btc pot is full.

best of luck to you all!

[InsanityDev]

All orders processed.

100 BTC en route: https://blockchain.info/tx/419398560087c1a6188f52b61809e48c327012ee80278c551471db1c7f86e7b8

Next weeks BTC Pot is at ~28 BTC.

Remember, I can trade any time between now and 10:00 UTC tomorrow.

[provenceday]

have we begin?

[y3804]

You already spent 36 BTC before 18:00 UTC? I'm out of here. This isn't even fun.

Edit: Oh, you did notice us, but in a very subtle update..

Edit #2: This new strategy is extremely boring to watch. I've been staring at the orderbook for 30 minutes and not a single move... Way to kill active traders.

[ap3311]

You already spent 36 BTC before 18:00 UTC? I'm out of here. This isn't even fun.

Edit: Oh, you did notice us, but in a very subtle update..

Well he did tell us he'd be starting at 12:00 this week.

I guess nobody knows when he's going to be making his moves. But the price has stabilised since the initial buys, haven't seen the ask drop below 0.00109 which is very surprising, I expected it to come straight back down.

[y3804]

You already spent 36 BTC before 18:00 UTC? I'm out of here. This isn't even fun.

Edit: Oh, you did notice us, but in a very subtle update..

Well he did tell us he'd be starting at 12:00 this week.

I guess nobody knows when he's going to be making his moves. But the price has stabilised since the initial buys, haven't seen the ask drop below 0.00109 which is very surprising, I expected it to come straight back down.

He didn't even update the OP. In the OP:

Insanity Sundays

    Every Sunday, starting 23rd Feb
    All orders for InsanityCoin from dev at 0.001 will be halted at 12:00 UTC, from that point on no new WOLF will enter the market
    Between 18:00 and 23:59 UTC dev will be using the BTC pot (max 100) on market to acquire as much WOLF as possible using numerous strategies.

BTW, lower your sells, the pot is already down to 31 BTC 27 BTC.

(SUM all the orders (buy and sell) starting from 2014-03-16 00:17:17.. assuming the 5 BTC walls at 0.00103-105 are the devs, the buy orders should be considered as spent BTC.)

Make sure to join the IRC chatroom: https://kiwiirc.com/client/irc.freenode.net/#insanitycoin

EDIT: not much activity on the IRC today? I missed the 12:00 UTC train

[hammer1]

No, he's doing it in 15 BTC chunks and has done it 4 times. There's still 40 BTC left in the POT. Stop lowering sell orders, it's dumb as hell. Eevryone knocking it down by 1 satoshi. If anything this experiment has proved it's that people are impatient and will continually undercut each other. Knew that already, though.

[y3804]

No, he's doing it in 15 BTC chunks and has done it 4 times. There's still 40 BTC left in the POT. Stop lowering sell orders, it's dumb as hell. Eevryone knocking it down by 1 satoshi. If anything this experiment has proved it's that people are impatient and will continually undercut each other. Knew that already, though.

People dump into his buy walls. I'm quite sure there's less than 40 BTC IMO. Maybe I'm wrong though.

I think we can agree on  the fact that it's very boring to trade this way. There's no way to active trade. Seems like the only way to do it is to lower your sell until it gets filled when he pumps

[hammer1]

It's just painfully stupid to see someone put a sell order is for .106397 to beat out a .106398. It doesn't matter if you're first, he's going to pump 15 BTC in there. But that just encourages more people to undercut you.

[domtasc3]

Ok... I don't usually complain but this is anything but insanity. ... please switch it back to a 6 hour slot and crazier swings... As quiet as the thread has been during the week and as little chatter as I've seen lately we cant afford to have a boring insanity Sunday.  People seem to be losing interest already.

[y3804]

Ok... I don't usually complain but this is anything but insanity. ... please switch it back to a 6 hour slot and crazier swings... As quiet as the thread has been during the week and as little chatter as I've seen lately we cant afford to have a boring insanity Sunday.  People seem to be losing interest already.

+1. I don't get the 12 hours pump idea. People are looking for a quick, exciting event, not some boring sh** like this. People will lower their sells until 0.001.. seriously.

[hammer1]

And no one has the time to sit around for even 6 hours, let alone 20.

[InsanityDev]

I hate to say, but you all make the market what it is, if you decide to jam up an order book so it can't move in price, or dump low, or don't actively trade, then there isn't much anybody can do about it. I throw chunks of BTC at it in both orders and buy walls, and large amounts of money thousands at a time.

Look at the board, it takes $22.5 thousand to move it a couple of percent up. You control that.

[y3804]

I hate to say, but you all make the market what it is, if you decide to jam up an order book so it can't move in price, or dump low, or don't actively trade, then there isn't much anybody can do about it. I throw chunks of BTC at it in both orders and buy walls, and large amounts of money thousands at a time.

Look at the board, it takes $22.5 thousand to move it a couple of percent up. You control that.

Here's an idea. Cutoff the WOLF supply 48hrs before insanity sunday. This way we only have 4 days to get the coins at a premium price from you. Then we'll probably emulate a real market..

[domtasc3]

I hate to say, but you all make the market what it is, if you decide to jam up an order book so it can't move in price, or dump low, or don't actively trade, then there isn't much anybody can do about it. I throw chunks of BTC at it in both orders and buy walls, and large amounts of money thousands at a time.

Look at the board, it takes $22.5 thousand to move it a couple of percent up. You control that.

I understand that, but if you are wanting to have the pot sell out then you'll have to keep it interesting during the week (updating the thread,  more Twitter posts, website work, announcing plans for week 10 on) and make up for bad traders cluttering the books by switching it up.Big buy orders higher up on the order books will drive the prices up to keep it interesting on Sundays. We both know that WOLF will skyrocket if it sells out at week 6 or 7... if it doesn't sell out it is highly likely to fall hard  after week 9.

[hammer1]

I hate to say, but you all make the market what it is, if you decide to jam up an order book so it can't move in price, or dump low, or don't actively trade, then there isn't much anybody can do about it. I throw chunks of BTC at it in both orders and buy walls, and large amounts of money thousands at a time.

Look at the board, it takes $22.5 thousand to move it a couple of percent up. You control that.

Nah, I don't control that. Because I don't control what other people are doing. It's basic game theory. People are going to keep undercutting each other. There's nothing to be done about that. That's why I think last week was the most fun with you buying and selling. By far the least predictable results.

[mmihai1978]

making it a real coin is harder than it seems .

it just needs to have purpose after the 9 weeks. The purpose should be defined now!

[Philll90]

Is the insanitysunday already over or are there still some btc left from the pot ?

[claudespe]

Maybe a survey could be made each week to define how people want coins to be bought back.
W01 straight buy (funniest one for me), trading movements...
Multiple choice question style...

[mikem]

B O R I N G. . . .