[ANN] Spells of Genesis - Innovating the Game Economy with BitCrystals (BCY)

[-Greed-]

Selling my Genesis Card for 0.49 BTC (will accept BCY, XCP, and ETH also): https://bitcointalk.org/index.php?topic=1209672

[Viva!]

Hallo I have a question about Gutemberg:

Will Gutenberg  be a bot that just transform immediately the net proceed for cards in fiat money from google/apple marketplaces first in btc than in bcy in the secondary market or will it be a system managed by humans?

This is a pretty crucial question because a bot ensure much more transparency in the burning process, a Human Managed System could (i say: could) be used in a malicious manner. For example by collecting a lot of fiat/btc time to time then do a cross order btc to bcy on the secondary market excluding other market participant but Everdream soft. In a couple of words: front running.

[yodark]

Hallo I have a question about Gutemberg:

Will Gutenberg  be a bot that just transform immediately the net proceed for cards in fiat money from google/apple marketplaces first in btc than in bcy in the secondary market or will it be a system managed by humans?

This is a pretty crucial question because a bot ensure much more transparency in the burning process, a Human Managed System could (i say: could) be used in a malicious manner. For example by collecting a lot of fiat/btc time to time then do a cross order btc to bcy on the secondary market excluding other market participant but Everdream soft. In a couple of words: front running.

The answer is : probably not, the reason is simply because AppStore and Google purchase are reversible while blockchain transactions are irreversible. The question is still open now as we are working to figure out the best option for that. For now we are focusing on blockchain only card issuance. When it will come to large public purchase AppStore, a lead could be to allow people to store their purchase off-chain only. After certain time allowing people to convert their asset into a digital asset.
Another lead is to partnership with a bitcoin transmitter company (cicle, coinbase...) to directly offer Bitcoin or BCY purchase in the game without using the store system

But still this is still open to discussion in any case we are going to have this open and transparent.

[Viva!]

Hallo I have a question about Gutemberg:

Will Gutenberg  be a bot that just transform immediately the net proceed for cards in fiat money from google/apple marketplaces first in btc than in bcy in the secondary market or will it be a system managed by humans?

This is a pretty crucial question because a bot ensure much more transparency in the burning process, a Human Managed System could (i say: could) be used in a malicious manner. For example by collecting a lot of fiat/btc time to time then do a cross order btc to bcy on the secondary market excluding other market participant but Everdream soft. In a couple of words: front running.

The answer is : probably not, the reason is simply because AppStore and Google purchase are reversible while blockchain transactions are irreversible. The question is still open now as we are working to figure out the best option for that. For now we are focusing on blockchain only card issuance. When it will come to large public purchase AppStore, a lead could be to allow people to store their purchase off-chain only. After certain time allowing people to convert their asset into a digital asset.
Another lead is to partnership with a bitcoin transmitter company (cicle, coinbase...) to directly offer Bitcoin or BCY purchase in the game without using the store system

But still this is still open to discussion in any case we are going to have this open and transparent.

Yes I perfectly understand the issue, so for the first time, Gutemberg, after the time needed to avoid refund requests from the customers via payment processors, will convert fiat money in bitcoin and then in Bcy to be burned with a manual process.
Let's say, for example, that every app. store / google play payment cycle and after any period were refunds could be requested, the 50% of the net proceed is converted in bitcoin at a transparent address and then in bcy to be burned.


Bulding a transparent system is actually quite challenging but needed.

good luck whit this.

[bitcoinrocks]

Hallo I have a question about Gutemberg:

Will Gutenberg  be a bot that just transform immediately the net proceed for cards in fiat money from google/apple marketplaces first in btc than in bcy in the secondary market or will it be a system managed by humans?

This is a pretty crucial question because a bot ensure much more transparency in the burning process, a Human Managed System could (i say: could) be used in a malicious manner. For example by collecting a lot of fiat/btc time to time then do a cross order btc to bcy on the secondary market excluding other market participant but Everdream soft. In a couple of words: front running.

The answer is : probably not, the reason is simply because AppStore and Google purchase are reversible while blockchain transactions are irreversible. The question is still open now as we are working to figure out the best option for that. For now we are focusing on blockchain only card issuance. When it will come to large public purchase AppStore, a lead could be to allow people to store their purchase off-chain only. After certain time allowing people to convert their asset into a digital asset.
Another lead is to partnership with a bitcoin transmitter company (cicle, coinbase...) to directly offer Bitcoin or BCY purchase in the game without using the store system

But still this is still open to discussion in any case we are going to have this open and transparent.

Mixing reversible and non-reversible transactions won't work.  A buyer can issue a chargeback for many months after their purchase.  You're better off partnering with a BTC payment company.

[Viva!]

Mixing reversible and non-reversible transactions won't work.  A buyer can issue a chargeback for many months after their purchase.  You're better off partnering with a BTC payment company.

I don't agree, it is a a simple task for the risk management. We are talking about a certain % of buyer that "probably" could issue some charge back (numbers are know for every single category of good and services), it is always possible to create a suitable "charge back fund" internally, loaded whit a % of the total net proceed. Once this rolling "charge back fund" is created it is possible to mix all the reversible  whit non-revesible tx needed.
Nothing special, just the basis of a dumb risk manager.

And do not forget that is still possible to do fine tunig months by months whit the 50% of fiat money not burned in the blockchain.

The problem is the transparency not charge back.

[bitcoinrocks]

We are talking about a certain % of buyer that "probably" could issue some charge back (numbers are know for every single category of good and services)

What are the numbers for digital tokens that can be quickly, easily, and anonymously liquidated at high volume?  This has no chance of working.

[Viva!]

We are talking about a certain % of buyer that "probably" could issue some charge back (numbers are know for every single category of good and services)

What are the numbers for digital tokens that can be quickly, easily, and anonymously liquidated at high volume?  This has no chance of working.

Sorry, i don't think that you understand the way SOG link between fiat money and bitcrystals.

Yodark saw that cards sold whit fiat money aren't crypto asset, but that is possible to convert those centralized asset it in crypto asset after a certain time (... when any charge back claim is not even possible).

The same system could be used whit bcy, if setting a rolling "charge back fund" is not safe.

[Viva!]

https://docs.google.com/spreadsheets/d/1dyi7yMsqDOxCzk2cf9slODeein2L4GCDVubCY706QR8/edit#gid=0

I do some changing.

For some reason the a big amount of bcy collected from ltbbcard, xajbasilaar, zaifcard are still in their swapbot addresses.
So I added those addresses in the total.

Now for the Otober burning we have:

651.926 bcy collected
and
325.963 bcy to be burned.

Just a quick note.
 
At 0.00009 Btc for 1 Bcy, the market spent 58,67 bitcoins for cards.
That is : 15.840$ at current rate.

Not so bad.

p.s. probably, now cards are too expensive in fiat money, iper volatility in alt-coins and in bitcoin is an issue that have to be solved.

[bitcoinrocks]

We are talking about a certain % of buyer that "probably" could issue some charge back (numbers are know for every single category of good and services)

What are the numbers for digital tokens that can be quickly, easily, and anonymously liquidated at high volume?  This has no chance of working.

Sorry, i don't think that you understand the way SOG link between fiat money and bitcrystals.

Yodark saw that cards sold whit fiat money aren't crypto asset, but that is possible to convert those centralized asset it in crypto asset after a certain time (... when any charge back claim is not even possible).

With Visa and MasterCard, do you realize that "certain time" is 540 days (18 months)?

[Viva!]

We are talking about a certain % of buyer that "probably" could issue some charge back (numbers are know for every single category of good and services)

What are the numbers for digital tokens that can be quickly, easily, and anonymously liquidated at high volume?  This has no chance of working.

Sorry, i don't think that you understand the way SOG link between fiat money and bitcrystals.

Yodark saw that cards sold whit fiat money aren't crypto asset, but that is possible to convert those centralized asset it in crypto asset after a certain time (... when any charge back claim is not even possible).

With Visa and MasterCard, do you realize that "certain time" is 540 days (18 months)?

No.

The time is from 7 to 120 days.
http://blog.unibulmerchantservices.com/visa-chargeback-reason-codes-and-time-limits/

 https://chargebacks911.com/chargeback-time-limit/

[bitcoinrocks]

We are talking about a certain % of buyer that "probably" could issue some charge back (numbers are know for every single category of good and services)

What are the numbers for digital tokens that can be quickly, easily, and anonymously liquidated at high volume?  This has no chance of working.

Sorry, i don't think that you understand the way SOG link between fiat money and bitcrystals.

Yodark saw that cards sold whit fiat money aren't crypto asset, but that is possible to convert those centralized asset it in crypto asset after a certain time (... when any charge back claim is not even possible).

With Visa and MasterCard, do you realize that "certain time" is 540 days (18 months)?

No.

The time is from 7 to 120 days.
http://blog.unibulmerchantservices.com/visa-chargeback-reason-codes-and-time-limits/

 https://chargebacks911.com/chargeback-time-limit/

Yes.  Hit Ctrl+F and do an in-page search for "540" in the page you linked to:

https://chargebacks911.com/chargeback-time-limit/

[Viva!]

We are talking about a certain % of buyer that "probably" could issue some charge back (numbers are know for every single category of good and services)

What are the numbers for digital tokens that can be quickly, easily, and anonymously liquidated at high volume?  This has no chance of working.

Sorry, i don't think that you understand the way SOG link between fiat money and bitcrystals.

Yodark saw that cards sold whit fiat money aren't crypto asset, but that is possible to convert those centralized asset it in crypto asset after a certain time (... when any charge back claim is not even possible).

With Visa and MasterCard, do you realize that "certain time" is 540 days (18 months)?

No.

The time is from 7 to 120 days.
http://blog.unibulmerchantservices.com/visa-chargeback-reason-codes-and-time-limits/

 https://chargebacks911.com/chargeback-time-limit/

Yes.  Hit Ctrl+F and do an in-page search for "540" in the page you linked to:

https://chargebacks911.com/chargeback-time-limit/

Please, are you here for the taste of a discussion or are you here to solve a problem?

After 120 days you can use funds not claim for charge back and you can freeze those funds claim for chargeback (till 540 days). Nothing special.

Everdream soft have to wait 120 days for charge backs, then use free fiat money in non reversible transaction and freeze the part claim for chargeback.

Not a too complicated algorithm.

Anyway, it is predictable that the most of the transacion will not generate chargebacks, so everdream soft could work with a 120 days rolling "chargeback fund", a % of the net proceed for future charge back.

I tell you again: It is a basic work for a dumb risk manager.

[bitcoinrocks]

We are talking about a certain % of buyer that "probably" could issue some charge back (numbers are know for every single category of good and services)

What are the numbers for digital tokens that can be quickly, easily, and anonymously liquidated at high volume?  This has no chance of working.

Sorry, i don't think that you understand the way SOG link between fiat money and bitcrystals.

Yodark saw that cards sold whit fiat money aren't crypto asset, but that is possible to convert those centralized asset it in crypto asset after a certain time (... when any charge back claim is not even possible).

With Visa and MasterCard, do you realize that "certain time" is 540 days (18 months)?

No.

The time is from 7 to 120 days.
http://blog.unibulmerchantservices.com/visa-chargeback-reason-codes-and-time-limits/

 https://chargebacks911.com/chargeback-time-limit/

Yes.  Hit Ctrl+F and do an in-page search for "540" in the page you linked to:

https://chargebacks911.com/chargeback-time-limit/

Please, are you here for the taste of a discussion or are you here to solve a problem?

After 120 days you can use funds not claim for charge back and you can freeze those funds claim for chargeback (till 540 days). Nothing special.

Everdream soft have to wait 120 days for charge backs, then use free fiat money in non reversible transaction and freeze the part claim for chargeback.

Not a too complicated algorithm.

Anyway, it is predictable that the most of the transacion will not generate chargebacks, so everdream soft could work with a 120 days rolling "chargeback fund", a % of the net proceed for future charge back.

I tell you again: It is a basic work for a dumb risk manager.

I have no idea what you're talking about.  Chargebacks can be issued for up to 540 days after the initial charge.  It's easy to look past this when it isn't your income on the line.

[Tradingriver]

if you operate a while you know how many transactions are going back.

There are probably some statistics online for the Appstores etc.

I think a simple solution would be to set the paid price higher then when you are selling the same card against BCY.

This is one of the major advantages Blockchain transactions have and will maybe lead more people to go into Crypto.

Say you have to pay with a BCY transaction for 1 card 10 USD and for the same card you pay 15 USD on the Appstore (fees for Apple/Google, and chargebacks) .


1 question:

if you create 1000 cards and with the new sell process not sell all, what do you do with the remaining cards? Are you considering to burn them, so the sold
cards get more value or do you keep them to sell them later?

[bitcoinrocks]

if you operate a while you know how many transactions are going back.

There are probably some statistics online for the Appstores etc.

The stuff currently available on Appstores can't be resold effectively.  SoG cards can.  There is no comparison.

I think a simple solution would be to set the paid price higher then when you are selling the same card against BCY.

This is one of the major advantages Blockchain transactions have and will maybe lead more people to go into Crypto.

Say you have to pay with a BCY transaction for 1 card 10 USD and for the same card you pay 15 USD on the Appstore (fees for Apple/Google, and chargebacks) .

If the purchaser issues a chargeback, the price paid is 0 USD.

[Tradingriver]

if you operate a while you know how many transactions are going back.

There are probably some statistics online for the Appstores etc.

The stuff currently available on Appstores can't be resold effectively.  SoG cards can.  There is no comparison.

I think a simple solution would be to set the paid price higher then when you are selling the same card against BCY.

This is one of the major advantages Blockchain transactions have and will maybe lead more people to go into Crypto.

Say you have to pay with a BCY transaction for 1 card 10 USD and for the same card you pay 15 USD on the Appstore (fees for Apple/Google, and chargebacks) .

If the purchaser issues a chargeback, the price paid is 0 USD.

if you charge a higher price all the people who are not chargebacking are paying for the people who are sending back. Thats the same principle Amazon etc. are operating.
This is the reason why the price in USD MUST be higher then in BCY.

[Viva!]

......For now we are focusing on blockchain only card issuance. When it will come to large public purchase AppStore, a lead could be to allow people to store their purchase off-chain only. After certain time allowing people to convert their asset into a digital asset.
Another lead is to partnership with a bitcoin transmitter company (cicle, coinbase...) to directly offer Bitcoin or BCY purchase in the game without using the store system

But still this is still open to discussion in any case we are going to have this open and transparent.

Just to point that, SoG team know the issue.

The key is After certain time allowing people to convert their asset into a digital asset., "certain time" probably will be when is impossible or very difficult to obtain a charge back.

In my opinion, it is still possible to make people who want convert digital asset in blockchain non reversible asset sign an agreement were they give up for any charge back.

[bitcoinrocks]

......For now we are focusing on blockchain only card issuance. When it will come to large public purchase AppStore, a lead could be to allow people to store their purchase off-chain only. After certain time allowing people to convert their asset into a digital asset.
Another lead is to partnership with a bitcoin transmitter company (cicle, coinbase...) to directly offer Bitcoin or BCY purchase in the game without using the store system

But still this is still open to discussion in any case we are going to have this open and transparent.

Just to point that, SoG team know the issue.

The key is After certain time allowing people to convert their asset into a digital asset., "certain time" probably will be when is impossible or very difficult to obtain a charge back.

In my opinion, it is still possible to make people who want convert digital asset in blockchain non reversible asset sign an agreement were they give up for any charge back.

What if the card was used fraudulently?  Then the cardholder didn't sign anything.

[hnin]

ARE YOU READY FOR THE AJI-JASPAAR'S ARRIVAL?

DEMON FROM THE AJI-SAAR DIMENSION IS COMING!

This week we are coming with the second limited series of  blockchain-based trading cards, designed by Ryo Fougere - AJI-JASPAAR.

XAJIJASPAAR, issued in a limited supply of 1 000 units, will be released on Tuesday, October 20th at 2:30pm CEST. For 30 minutes, the card will be available for its initial price of 300 BCY! Then the price will increase as follows (all the times are indicated in CEST):

	Tue, October 20th, 3pm - 4pm: 400 BCY
	Tue, October 20t 4pm - 6pm: 600 BCY
	Tue, October 20th, 6pm - Wed, October 21st, 10am: 800 BCY
	Wed, October 21st, 10am - Fri, October 23rd, 10am: 1 000 BCY
	From Friday, October 23rd, 10am further on: 1 200 BCY

COMPLETE YOUR COLLECTION OF SOG BLOCKCHAIN-BASED TRADING CARDS!