[XMR] Monero Speculation

[rpietila]

Where can I find more information about CryptoKingdom, especially about how to play the game? I registered on the site a few months ago, but I couldn't figure out what to do next.

It is actually somewhat elusive at the moment, just like Bitcoin in 2010. Our thread in altcoin section is a good resource to start and we are soon opening the registration of new characters which has been closed for months, as we have made the game better and ready to accept new people.

[RealBitcoin]

Where can I find more information about CryptoKingdom, especially about how to play the game? I registered on the site a few months ago, but I couldn't figure out what to do next.

It is actually somewhat elusive at the moment, just like Bitcoin in 2010. Our thread in altcoin section is a good resource to start and we are soon opening the registration of new characters which has been closed for months, as we have made the game better and ready to accept new people.

Is your game based on monero or bitcoin?

Is it the ingame currency, that would sound like a nice feature.

[digicoin]

I have no idea how CryptoKingdom works. A game like Fallout Shelter 4 that supports Monero as ingame currency to buy game items should be extremely good addition to Monero community.

[dEBRUYNE]

When it gets solved either (or any) way, the likely result is relief on the markets and a nice boom in bitcoin prices. Cf. XMR had the emission issue which first demolished the price to 1/4 of the previous, and when it was solved, price rose back to 0.004.

Our current lull is due to everyone thinking they have enough, and perhaps renewed hope in BTC, not many newcomers coming, 0.9 delayed and situation is not known except to a few (and others cannot decipher their statements nor believe they are truthful), and even because CK has not yet opened to general public.

I agree mostly, one remark though:

not many newcomers coming

This is probably an indirect result of 0.9 being delayed. Whether we like it or not, if a newcomer goes to the website and downloads the current binaries (0.8.8.6), he will most likely get annoyed by them, simply due to them being old and slow. So much improvement has been done this year, but unfortunately it can not be seen yet by outsiders/newcomers.

However, even though they are old and slow, I have seen a lot of new faces on our subreddit, which is growing quite gradually over the last few months. See -> https://www.reddit.com/r/monero/about/traffic

[smooth]

Where can I find more information about CryptoKingdom, especially about how to play the game? I registered on the site a few months ago, but I couldn't figure out what to do next.

It is actually somewhat elusive at the moment, just like Bitcoin in 2010. Our thread in altcoin section is a good resource to start and we are soon opening the registration of new characters which has been closed for months, as we have made the game better and ready to accept new people.

Is your game based on monero or bitcoin?

Is it the ingame currency, that would sound like a nice feature.

Crypto Kingdom uses Monero as ingame currency.

[phishead]

Where can I find more information about CryptoKingdom, especially about how to play the game? I registered on the site a few months ago, but I couldn't figure out what to do next.

It is actually somewhat elusive at the moment, just like Bitcoin in 2010. Our thread in altcoin section is a good resource to start and we are soon opening the registration of new characters which has been closed for months, as we have made the game better and ready to accept new people.

Is your game based on monero or bitcoin?

Is it the ingame currency, that would sound like a nice feature.

Crypto Kingdom uses Monero as ingame currency.

Wow. How come I've just now heard of this? Is it like a faucet inside of a game? Or is XMR used to buy upgrades for better equipment in the game?

[dEBRUYNE]

Where can I find more information about CryptoKingdom, especially about how to play the game? I registered on the site a few months ago, but I couldn't figure out what to do next.

It is actually somewhat elusive at the moment, just like Bitcoin in 2010. Our thread in altcoin section is a good resource to start and we are soon opening the registration of new characters which has been closed for months, as we have made the game better and ready to accept new people.

Is your game based on monero or bitcoin?

Is it the ingame currency, that would sound like a nice feature.

Crypto Kingdom uses Monero as ingame currency.

Wow. How come I've just now heard of this? Is it like a faucet inside of a game? Or is XMR used to buy upgrades for better equipment in the game?

Mostly the latter, I suggest heading over to the Crypto Kingdom bitcointalk thread or the channel on IRC to get a more detailed explanation (##crypto-kingdom on freenode, make sure to use ## instead of the regular #).

[smooth]

Where can I find more information about CryptoKingdom, especially about how to play the game? I registered on the site a few months ago, but I couldn't figure out what to do next.

It is actually somewhat elusive at the moment, just like Bitcoin in 2010. Our thread in altcoin section is a good resource to start and we are soon opening the registration of new characters which has been closed for months, as we have made the game better and ready to accept new people.

Is your game based on monero or bitcoin?

Is it the ingame currency, that would sound like a nice feature.

Crypto Kingdom uses Monero as ingame currency.

Wow. How come I've just now heard of this? Is it like a faucet inside of a game? Or is XMR used to buy upgrades for better equipment in the game?

It's both although I'm not sure whether the planned faucet function (where you earn some small amount of ingame XMR for each hour of play) is enabled yet.

[rpietila]

Where can I find more information about CryptoKingdom, especially about how to play the game? I registered on the site a few months ago, but I couldn't figure out what to do next.

It is actually somewhat elusive at the moment, just like Bitcoin in 2010. Our thread in altcoin section is a good resource to start and we are soon opening the registration of new characters which has been closed for months, as we have made the game better and ready to accept new people.

Is your game based on monero or bitcoin?

Is it the ingame currency, that would sound like a nice feature.

Crypto Kingdom uses Monero as ingame currency.

Wow. How come I've just now heard of this? Is it like a faucet inside of a game? Or is XMR used to buy upgrades for better equipment in the game?

It's both although I'm not sure whether the planned faucet function (where you earn some small amount of ingame XMR for each hour of play) is enabled yet.

It uses monereto as the unit of account and ingame transactional currency in every virtual world style transaction including better equipment but also food, drinks, rent, gold, land and stocks. Moneretos are transferred in the CK server system instantaneously and freely from a CK character to another. It is possible to buy more moneretos by depositing XMR to the treasurer, it is also possible to withdraw when you have an excess and you want to.

This 100% hard reserve system (the about 100,000,000,000 moneretos in the game are fully backed by 100,000 XMR) is to keep the game honest and based on value that cannot be created out of thin air at the discretion of the developers, and it is helping the game economy to be solid as well which it is.

There is currently a "faucet" giving automatic free money to all players below a certain rank (high-ranking players end up paying for it )

The thing smooth mentioned that value is given per hour of play, is true as well but that one is not giving XMR rather CKG, another type of asset.

[smooth]

The thing smooth mentioned that value is given per hour of play, is true as well but that one is not giving XMR rather CKG, another type of asset.

Ah yes, I forgot that detail. But CKG pays dividends in moneritos...

[XMRpromotions]

I have no idea how CryptoKingdom works. A game like Fallout Shelter 4 that supports Monero as ingame currency to buy game items should be extremely good addition to Monero community.

CryptoKingdom is a 90s style strategy game with a far different target market.  If you have ideas to promote the usage of Monero in additional games please share!

[ArticMine]

When it gets solved either (or any) way, the likely result is relief on the markets and a nice boom in bitcoin prices. Cf. XMR had the emission issue which first demolished the price to 1/4 of the previous, and when it was solved, price rose back to 0.004.

This assumes that a solution that does not radically alter the Bitcoin social covenant by increasing the total number of Bitcoins above 21,000,000 is actually possible. Can this problem be solved in a POW coin? Yes Monero has done this. Monero's solution involves a penalty on the block subsidy for creating a oversize block, when compared to median blocksize of a recent number of blocks. This means that in order to increase the blocksize to add transactions there has to be enough fees to compensate the miner for the partial loss of the block subsidy. The results is a properly functioning supply and demand market. If demand increases this results in an increase in price which leads to an increase in supply. What is critical here is that in order for this to work there has to be a block reward, so a tail emission as in Monero is a must. I believe the chance of a viable solution for Bitcoin, that does not alter the Bitcoin emission, being found, let alone accepted by the Bitcoin community is less than 1%.

The emission issue in Monero was fundamentally different because the Monero community was choosing between two perfectly good options. In the Bitcoin case we have a choice between multiple options that do not work.

Our current lull is due to everyone thinking they have enough, and perhaps renewed hope in BTC, not many newcomers coming, 0.9 delayed and situation is not known except to a few (and others cannot decipher their statements nor believe they are truthful), and even because CK has not yet opened to general public.

CK can grow 20x or more and the Monero network would be able to scale to accommodate it; however this is not the case for many Bitcoin businesses.  

[bitebits]

Our current lull is due to everyone thinking they have enough, and perhaps renewed hope in BTC, not many newcomers coming, 0.9 delayed and situation is not known except to a few (and others cannot decipher their statements nor believe they are truthful), and even because CK has not yet opened to general public.

That actually is likely to be the current status quo. Actually I am amazed that currently there is so little demand for such a great and important project.

With bitcoin, Monero and fiat money, I tend to hold or save a considerable part of it. The other part I need or like to spend. I would not hold more Monero, but with the upcoming GUI and improved database I would definitely and more frequently buy small chunks to spend online (for example pay with Monero through XMR.to the VPN provider, News Server and the encrypted mail provider Tutanota.

[chennan]

I have no idea how CryptoKingdom works. A game like Fallout Shelter 4 that supports Monero as ingame currency to buy game items should be extremely good addition to Monero community.

CryptoKingdom is a 90s style strategy game with a far different target market.  If you have ideas to promote the usage of Monero in additional games please share!

Personally, I don't think this as a "game" per se, but I think that it would be beneficial if this kind of promotion was developed or implemented in a site that gives users binary options.

People like to invest in real world companies, currencies, and assets, so maybe sometime in the future there will be an option for people to use monero for investing purposes like Bitcoin... Rather than only speculation and investing purposes of other shit coins on poloniex.

Edit: I know this is not a game too, but also it seems like people are wanting to load anonymous debit cards. I think monero would be the ultimate anonymous way to fund a debit card. I'm sure there are tons of other cool games to promote monero, but I think these would be really cool applicable tools that will help promote XMR.

[fiscorcle]

Our current lull is due to everyone thinking they have enough, and perhaps renewed hope in BTC, not many newcomers coming, 0.9 delayed and situation is not known except to a few (and others cannot decipher their statements nor believe they are truthful), and even because CK has not yet opened to general public.

That actually is likely to be the current status quo. Actually I am amazed that currently there is so little demand for such a great and important project.

With bitcoin, Monero and fiat money, I tend to hold or save a considerable part of it. The other part I need or like to spend. I would not hold more Monero, but with the upcoming GUI and improved database I would definitely and more frequently buy small chunks to spend online (for example pay with Monero through XMR.to the VPN provider, News Server and the encrypted mail provider Tutanota.

I have a few Monero saved. This is the only anonymous coins I have. The development is slowed a bit. That is because of the low interest in this coin. When more people come to bitcoin, they might find Monero as well.

[jehst]

I find it curious that your first post with your BCT account is in here, fiscorcle. Is this your first account? How did you find out about Monero?

[Bagatell]

I find it curious that your first post with your BCT account is in here, fiscorcle.

Really? Check the "n00bs" posting on the Kraken thread at the moment.

[rpietila]

CK can grow 20x or more and the Monero network would be able to scale to accommodate it; however this is not the case for many Bitcoin businesses.

CK is burdening Monero (onchain) network very little. In its ingame (offchain) network, we are currently about 2,000 transactions per week.

[ArticMine]

CK can grow 20x or more and the Monero network would be able to scale to accommodate it; however this is not the case for many Bitcoin businesses.

CK is burdening Monero (onchain) network very little. In its ingame (offchain) network, we are currently about 2,000 transactions per week.

There is no "burden" on the Monero network even with CK becoming significantly larger than Second Life.  CK users would pay for the on chain transaction bandwith they need and the Monero network would accommodate them. It is that simple. With Bitcoin on the other hand the previous model fails and a game like CK with a user base comparable to Second Life could easily bring the current Bitcoin network to its knees just with the "very little" on chain portion of the economic activity. In fact this an excellent example as to why models such as the Lightening Network and side chains are not a solution to the fixed blocksize limit in Bitcoin.

Edit: I have a very strong issue with the term "burden" no matter how small in this context. This mindset is the result of a serious design flaw in Bitcoin that has created an artificial scarcity over the cost of processing power, digital storage, and bandwidth. These costs have plummeted over the last 50 years and these cost trends are likely to continue into the future. 

[owm123]

Our current lull is due to everyone thinking they have enough, and perhaps renewed hope in BTC, not many newcomers coming, 0.9 delayed and situation is not known except to a few (and others cannot decipher their statements nor believe they are truthful), and even because CK has not yet opened to general public.

That actually is likely to be the current status quo. Actually I am amazed that currently there is so little demand for such a great and important project.

With bitcoin, Monero and fiat money, I tend to hold or save a considerable part of it. The other part I need or like to spend. I would not hold more Monero, but with the upcoming GUI and improved database I would definitely and more frequently buy small chunks to spend online (for example pay with Monero through XMR.to the VPN provider, News Server and the encrypted mail provider Tutanota.

Paying btc with xmr.to is only a temporary solution to the bigger problem of not being able to spend xmr directly.

For now you cant do much with monero, in terms of direct payments. Recently i2p enabled donations in monero, which is good first step for others:

https://geti2p.net/en/get-involved/donate

Thus, it good to show them that accepting monero was good decidsion. So, if possible send them 1 or 2 xmr.

ABout tutanota, there is also some petition to accept xmr for donations:
https://tutanota.uservoice.com/forums/237921-general/suggestions/9968298-accept-monero-xmr-for-donations

But its been quite about this for a while now. So not sure, what's happening with that.