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

[wachtwoord]

Thanks for the hint. Rotated 13 positions I found this text: Numeri viribus occultis nobisque

Latin for "Forces hidden from numbers". Is that the answer?

Woot! I was going for "Strength in hidden numbers"

Send me your address for 99 BCY

Ah I couldn't figure out the object in that sentence. I know vires in numeris of course but it didn't add up haha :p

Thanks, this was fun and I learned about some steganography tools while solving it.

I'll pm you my address

I studied Steganography and I made a alplikasi
setganografy Method End Of File
if you want to try an application that I created I can give an example of its application

I'm curious. What is alplikasi? End of file means the hidden message is at the end of the file?

[seven.71]

Thanks for the hint. Rotated 13 positions I found this text: Numeri viribus occultis nobisque

Latin for "Forces hidden from numbers". Is that the answer?

Woot! I was going for "Strength in hidden numbers"

Send me your address for 99 BCY

Ah I couldn't figure out the object in that sentence. I know vires in numeris of course but it didn't add up haha :p

Thanks, this was fun and I learned about some steganography tools while solving it.

I'll pm you my address

I studied Steganography and I made a alplikasi
setganografy Method End Of File
if you want to try an application that I created I can give an example of its application

I'm curious. What is alplikasi? End of file means the hidden message is at the end of the file?

yes
I made an application to steganografy method End Of File and Kryptografi with Vernam algorithm Chiper
hide a file with another file,,can hide files with File Extension Files that have sound, video and pictures

[wachtwoord]

Thanks for the hint. Rotated 13 positions I found this text: Numeri viribus occultis nobisque

Latin for "Forces hidden from numbers". Is that the answer?

Woot! I was going for "Strength in hidden numbers"

Send me your address for 99 BCY

Ah I couldn't figure out the object in that sentence. I know vires in numeris of course but it didn't add up haha :p

Thanks, this was fun and I learned about some steganography tools while solving it.

I'll pm you my address

I studied Steganography and I made a alplikasi
setganografy Method End Of File
if you want to try an application that I created I can give an example of its application

I'm curious. What is alplikasi? End of file means the hidden message is at the end of the file?

yes
I made an application to steganografy method End Of File and Kryptografi with Vernam algorithm Chiper
hide a file with another file,,can hide files with File Extension Files that have sound, video and pictures

I'm curious, can you link to the source? (It only serves an educational purpose if I can read how it works).

[DieJohnny]

Been seeing some fud that the BCY token has no purpose as people will just use BTC.

Can some one clear this up and give a reason that the BCY token will have Value?

EDS burns BCY not Bitcoin, so there will be a constantly smaller supply of BCY. Also, as long as you buy cards primarily with BCY then there will always need to be BCY held buy players. I am sure there will be ways to use BTC to buy cards, but BCY will likely be the primary currency for EDS cards in the near future.

You could make the same argument about every crypto out there, if I can ultimately just hold bitcoin and have third party service switch to another currency for me when I need it, then what is the purpose of anything but Bitcoin... there are several billion dollars that say other coins will have value even in the face of a dominant crypto currency.

Thanks for the input DJ, My bad for listening to fud.

I wasn't sure about EDS promise to burn tokens on cards purchased. Am I right in assuming it's 50% of each cards value that gets burnt?

BCY tokens have value no more no less than casino tokens have value.  When playing in a casino, you might wonder why you need to exchange your dollars into tokens to play, collect tokens if you are lucky, go back to the casino bank and exchange them back into dollars or whatever national currency.  In theory, the tokens are worthless and you could just as well hand out dollar bills on the table and bet on it.  The token's value are only based on the fact that you can redeem them back into your national currency.  It is an IOU, just as National currencies are IOUs.  IOUs on top of IOUs on top of other IOUs and so on.  In other words those are all a pile of shit on top of other pile of shits and so on.  What makes the final and initial pile of shit more worthy than the middles pile of shits is that they are generally accepted by the public to redeem them for real assets (non-IOU assets).  In other words, the reason why people want shitty currencies is because they can get something they need or want, such as a house or a car and so on.  People don't want currencies per se, but they want it because they know what they could get for it in the future.  This is of course assuming that whoever controls the pile of shit (currency) doesn't screw them over which is the case 100% of the time.

Now going back to BCY, NXC, Databits and 99% of all the altcoins, those are all the middle pile of shits I was mentioning earlier that are totally useless and can be substituted for real assets such as bitcoin or something useful in a game such as a Satoshicard.  It certainly adds some value if an app such as Book of Orbs was to choose every game's indigenous coin for trading purpose, but it is inconvenient for the users and it is absurd.  It would be much more convenient to buy Force of Will assets, Bitgirls, rare Pepe, Diecast or Spells of Genesis with Bitcoin or with XCP for Counterparty assets.  But no, we get a fragmented economy only because of what ends up to be the control of money.  Everyone wants to control the money supply of their own assets just as Nations want to control the money supply of their own economy.  What does the users get our of it? Nothing.  This is just another form of intended or unintended scam that everyone falls into.

Conclusion: SOG assets are priced in fiat (fiat being the unit of account), traded on a Bitcoin platform through the means of XCP “sidechain” allowing true ownership.  Fiat+BTC+XCP=value.  The rest is just air.  BCY's use is 99% for speculation purpose only.  Use BCY to buy SOG assets or for speculation.  BCY price goes down ==> buy more of them or buy assets.  BCY price goes up ==> sell at a profit and don't buy assets. Either way you win.  People who get pissed at BCY's price falling are those who don't care about the game or the game assets.  All they care is that they get a profit out of speculation either in BTC term or in Fiat term.

When the game has a truly global release everyone expects that your used "99% for speculation" will drop a lot, or else they wouldn't be speculating. If BCY is SOG in-game currency, and the game does well, then there is utility owning BCY, just like there is utility in holding poker chips in a casino. You don't buy poker chips in a casino because you think they will be worth more tomorrow, you buy them to use them at the table. The person that buys them doesn't expect them to go up while they are playing, but if they do go up in value, then fantastic.

You are correct.  But take into account that the speculation side of BCY has already the release baked into the price.  The only thing that could push it higher is fomo when the time comes.  Higher price doesn't mean higher value.  Value only changes based on the utility of the coin, and that utility is being an optional "middleman" between worthy assets.  Once cards stops being issued, that value will decrease.  Ironically some people who want BCY price to increase lament about the constant card release believing that this hinders a higher BCY price.  But it is true that when the game become playable and popular among a wider crowd, the trade of cards on Book of Orbs will increase which will increase the value of BCY.  I believe that this is why Book of Orbs was created as original Counterparty wallets only use XCP as the currency to buy and sell other counterparty based coins or assets.  Book of Orbs will be the main reason why game coins such as BCY, Nexium, Pepe, Willcoins etc have some value though minimal.  Personally I think that this goes against the users as it is easier to use one or two coins rather than thousands.  Imagine when we get thousands of games on book of orbs and whatever trade you want to make you need to exchange coins first; what a pain.  it is like the EU going back to national currencies and whenever you travel you need to buy their own currencies.  This is backwards (although I admit that the EMU is so messed up that national currencies are better in this every case)

I think you are missing an important aspect of BCY tokens and economies/companies built around them. They are not just simply an abstract asset. If they were then your view of speculation and demand for BCY would be accurate. Tokens and coins when tied to a business model like EDS are also integrated into the organizations economy and operating model. At least that is the design. EDS must buy them according to their announcement, and they must accept them for payment for cards. yes you can facilitate this by having one card that rules them all, but that is a technical point that will hopefully still require you to exchange for BCY to make your purchase. This is important because EDS revenue streams are tied to the exchange and purchase of BCY. A good coin will always have a tight correlation between the revenue streams of the organization that created the coin, in this case i feel BCY does. So now you have a float, a certain amount of coins that must float in the economy to make the economy work. Compounded by BCY burning, you should see constant price increases if the game is successful.

What i don't like is cards being priced in BCY, the cards should be priced in dollars with BCY as the currency of exchange for whatever the exchange rate is at the time you buy a card. This would allow for better adoption.

[Febo]

What I like most is that volume picked up greatly. Higher volume way more interest from investors and speculators. Since they invest higher amount they avoid lower volume coins since they can never exit their investment without shaking market greatly. Yes this volume is 99% just speculative. Real use volume is what it was in past months. But with active marketing at release, we might start getting some nice amount of real use volume.

[coin@coin]

What I like most is that volume picked up greatly. Higher volume way more interest from investors and speculators. Since they invest higher amount they avoid lower volume coins since they can never exit their investment without shaking market greatly. Yes this volume is 99% just speculative. Real use volume is what it was in past months. But with active marketing at release, we might start getting some nice amount of real use volume.

That volume is great, really hope it stays that way for a long while considering the launch is imminent.

[iimpact]

After launch we still have a huge update with multiplayer function in May so It may keep the volume going.

[soyab0007]

After launch we still have a huge update with multiplayer function in May so It may keep the volume going.

lets it gets going... i will hold this for another few months...

I m smelling profit here 

[Mrboot]

After launch we still have a huge update with multiplayer function in May so It may keep the volume going.

lets it gets going... i will hold this for another few months...

I m smelling profit here 

Someone did aswell and dumped it to 15k insane, but why trying to cause panic and collect ?

[DieJohnny]

After launch we still have a huge update with multiplayer function in May so It may keep the volume going.

lets it gets going... i will hold this for another few months...

I m smelling profit here 

Someone did aswell and dumped it to 15k insane, but why trying to cause panic and collect ?

Looking at the last week, I cannot figure out what happened. Huge volume where we are basically where we were in price to start out. Every pump countered by a pretty large dump. Nobody dumps coins to keep the price low... especially in the face of news, release, increased market pressure.

Volume is trickling out now, so not clear what is going to make the price rise. If this has anything to do with cards being priced in bcy and needing to keep the price low for adoption, then that needs to get fixed asap. Cards have to be priced in dollars with a bcy conversion, the exact same way bitmain sells its miner.

[DieJohnny]

Can someone speak to why cards are priced in bcy not dollars with a real time dollar conversion?

Most crypto hard assets are sold with dollar amount and crypto real time conversion, like miners.....

https://shop.bitmain.com/productDetail.htm?pid=000201703290542353490EhSTD4v066D

[Febo]

Can someone speak to why cards are priced in bcy not dollars with a real time dollar conversion?

Most crypto hard assets are sold with dollar amount and crypto real time conversion, like miners.....

https://shop.bitmain.com/productDetail.htm?pid=000201703290542353490EhSTD4v066D

Cards are valued in USD when are issued  because if BCY or BTC goes up then card can easily become $10000.  If we would set fixed price of cheapest card 1 BTC. and one BTC become worth $10000 then no one would ever buy any card and would be game over. Now cards come out to partners at price $10-40. A month latter when get to public merchant, price in USD is already changed because of BTC*BCY volatility.

[Michaelrex]

After launch we still have a huge update with multiplayer function in May so It may keep the volume going.

lets it gets going... i will hold this for another few months...

I m smelling profit here 

Someone did aswell and dumped it to 15k insane, but why trying to cause panic and collect ?

Looking at the last week, I cannot figure out what happened. Huge volume where we are basically where we were in price to start out. Every pump countered by a pretty large dump. Nobody dumps coins to keep the price low... especially in the face of news, release, increased market pressure.

Volume is trickling out now, so not clear what is going to make the price rise. If this has anything to do with cards being priced in bcy and needing to keep the price low for adoption, then that needs to get fixed asap. Cards have to be priced in dollars with a bcy conversion, the exact same way bitmain sells its miner.

Hi guys,

I have been watching this project from the start...and what is going on with the current "dumpings" are definitely fishy. I can only point to 2 possible sources of these price suppression.

1. SOG team themselves. WHY? They don't have a locked Bitcrystals fund. Which they should have, if they really want to play fair to their supporters. To remove this highly questionable source of Bitcrystals that are time and time again "dumped" into the open market, the SOG team should announce their BCY balance and be open on how those coins are being used or sold. Without that, they can always choose to dump any number of coins into the market. They held an ICO and therefore they should not be SELLING from their balance whenever they want without the knowledge of their ICO investors. This kind of activity is not healthy, they should cease and desist in doing it.

2. The newest "investor" Blockchain Invest DAC, buying 500,000 BCY at 100,000 US Dollars. Of which the why, how, when and where of this deal are not declared by SOG team. No one is even sure that it even happened. So what is wrong with having a "new investor"? Guys, think about this. Are anyone of you be able to buy 500,000 BCY from the open market at 20,000 Satoshis each and NOT DRIVE the price up from 20K Satoshis? Of course not. NO ONE among us can. So why can SOG suddenly sell all of those COINS at once at a FLAT RATE? Is the ICO still OPEN? Are everyone treated fairly? Was everyone given the chance to buy as much as they want on a flat rate of 20K Satoshis? Is anybody's Dollar worth more than anybody else? So why did SOG give under the table priority when someone/some group offered them money? What is stopping them in doing this again??

At 40K satoshis, guess how much of that 500,000 BCY will be dropped into the open market, CAN ANY ONE say? In short, making these kind of deals is a transgression on the trust given to the SOG team by their ICO and original supporters! Bitcrystals are available on the open market. If anyone really believes the project, they should now get their Bitcrystals from the OPEN MARKET and not from the under the table deals. They have to play fair so that they can succeed.

These two possible sources of dumpage on the open market should be eliminated so that SOG team can regain the trust of their investors. They should LOCK their own BCY balance and always be open on how they are using them. NO MORE surprise "new investors". Or dumping on the open market whenever they want or need.

Do the SOG team wants more money? Of course, who does not? Then, they should DELIVER the game immediately. It has been almost 2 years since they start developing. Why is it that until now, pages of pages of bugs are still not addressed? That launch and the game's success should be their means of getting more money! They should do those things right.

If the team can honestly show that they will resolve the above issues and finally deliver on their promises this coming April, then there is hope. If not. I think we should all look elsewhere to find a real Blockchain based development, game or otherwise and forget this one.

[DieJohnny]

After launch we still have a huge update with multiplayer function in May so It may keep the volume going.

lets it gets going... i will hold this for another few months...

I m smelling profit here 

Someone did aswell and dumped it to 15k insane, but why trying to cause panic and collect ?

Looking at the last week, I cannot figure out what happened. Huge volume where we are basically where we were in price to start out. Every pump countered by a pretty large dump. Nobody dumps coins to keep the price low... especially in the face of news, release, increased market pressure.

Volume is trickling out now, so not clear what is going to make the price rise. If this has anything to do with cards being priced in bcy and needing to keep the price low for adoption, then that needs to get fixed asap. Cards have to be priced in dollars with a bcy conversion, the exact same way bitmain sells its miner.

Hi guys,

I have been watching this project from the start...and what is going on with the current "dumpings" are definitely fishy. I can only point to 2 possible sources of these price suppression.

1. SOG team themselves. WHY? They don't have a locked Bitcrystals fund. Which they should have, if they really want to play fair to their supporters. To remove this highly questionable source of Bitcrystals that are time and time again "dumped" into the open market, the SOG team should announce their BCY balance and be open on how those coins are being used or sold. Without that, they can always choose to dump any number of coins into the market. They held an ICO and therefore they should not be SELLING from their balance whenever they want without the knowledge of their ICO investors. This kind of activity is not healthy, they should cease and desist in doing it.

2. The newest "investor" Blockchain Invest DAC, buying 500,000 BCY at 100,000 US Dollars. Of which the why, how, when and where of this deal are not declared by SOG team. No one is even sure that it even happened. So what is wrong with having a "new investor"? Guys, think about this. Are anyone of you be able to buy 500,000 BCY from the open market at 20,000 Satoshis each and NOT DRIVE the price up from 20K Satoshis? Of course not. NO ONE among us can. So why can SOG suddenly sell all of those COINS at once at a FLAT RATE? Is the ICO still OPEN? Are everyone treated fairly? Was everyone given the chance to buy as much as they want on a flat rate of 20K Satoshis? Is anybody's Dollar worth more than anybody else? So why did SOG give under the table priority when someone/some group offered them money? What is stopping them in doing this again??

At 40K satoshis, guess how much of that 500,000 BCY will be dropped into the open market, CAN ANY ONE say? In short, making these kind of deals is a transgression on the trust given to the SOG team by their ICO and original supporters! Bitcrystals are available on the open market. If anyone really believes the project, they should now get their Bitcrystals from the OPEN MARKET and not from the under the table deals. They have to play fair so that they can succeed.

These two possible sources of dumpage on the open market should be eliminated so that SOG team can regain the trust of their investors. They should LOCK their own BCY balance and always be open on how they are using them. NO MORE surprise "new investors". Or dumping on the open market whenever they want or need.

Do the SOG team wants more money? Of course, who does not? Then, they should DELIVER the game immediately. It has been almost 2 years since they start developing. Why is it that until now, pages of pages of bugs are still not addressed? That launch and the game's success should be their means of getting more money! They should do those things right.

If the team can honestly show that they will resolve the above issues and finally deliver on their promises this coming April, then there is hope. If not. I think we should all look elsewhere to find a real Blockchain based development, game or otherwise and forget this one.

I think your two reasons are an unlikely source of dumping. EDS wouldn't dump so many coins in the last 7 days as it undermines their own project. Investors aren't buying 500k in bcy just to then keep the price from rising by dumping.

I don't care if they sell bcy off market for the very reasons you describe, eds would destroy the market if it dumped so many coins just to raise funds. it is a legitmate way to raise cash.

The only thing that is bizarre to me is how the price is relatively unchanged after so much bcy changed hands. There aren't that many bcy out there, I think 10% of all bcy changed hands in the last week. Maybe just a coordinated thrashing of the market to accumulate coins for a coming mega pump,

[coin@coin]

I have never seen so many ragedumps in a coin as byc.

Someone sent 2 million BCY to polo yesterday http://blockscan.com/txInfo/12269154

source: http://www.polonibox.com/?messageText=bcy

It's one guy suppressing the market.

This is I think what happened, if you trace back you find that one person bought ~5 million BCY during the ICO in 2015.
2 million were recently moved to Poloniex as indri123 noticed, 1 million on the 28th, 1 million was moved time ago. So about 1 million BCY remain in the original address.
Even at current prices it's a lot of profit to be made from ICO prices so whoever that is they are cashing in and there's nothing anyone can do about it.

Here's the address: http://blockscan.com/address/14mrvfR6VajW8CA3u5d2LrQjKtb2oWifdm, follow the trail.

Just hope they run out of BCY soon!

[soyab0007]

I have never seen so many ragedumps in a coin as byc.

Someone sent 2 million BCY to polo yesterday http://blockscan.com/txInfo/12269154

source: http://www.polonibox.com/?messageText=bcy

It's one guy suppressing the market.

This is I think what happened, if you trace back you find that one person bought ~5 million BCY during the ICO in 2015.
2 million were recently moved to Poloniex as indri123 noticed, 1 million on the 28th, 1 million was moved time ago. So about 1 million BCY remain in the original address.
Even at current prices it's a lot of profit to be made from ICO prices so whoever that is they are cashing in and there's nothing anyone can do about it.

Here's the address: http://blockscan.com/address/14mrvfR6VajW8CA3u5d2LrQjKtb2oWifdm, follow the trail.

Just hope they run out of BCY soon!

what was ICO price?

[DieJohnny]

I have never seen so many ragedumps in a coin as byc.

Someone sent 2 million BCY to polo yesterday http://blockscan.com/txInfo/12269154

source: http://www.polonibox.com/?messageText=bcy

It's one guy suppressing the market.

This is I think what happened, if you trace back you find that one person bought ~5 million BCY during the ICO in 2015.
2 million were recently moved to Poloniex as indri123 noticed, 1 million on the 28th, 1 million was moved time ago. So about 1 million BCY remain in the original address.
Even at current prices it's a lot of profit to be made from ICO prices so whoever that is they are cashing in and there's nothing anyone can do about it.

Here's the address: http://blockscan.com/address/14mrvfR6VajW8CA3u5d2LrQjKtb2oWifdm, follow the trail.

Just hope they run out of BCY soon!

what was ICO price?

From my calculations:
Bitcoin was at most 235 at time of ICO. Doings some math I get 1.9 cents per BCY in September 2015.  We are at 19 cents now, so 10x return, not bad.

[Febo]

After launch we still have a huge update with multiplayer function in May so It may keep the volume going.

lets it gets going... i will hold this for another few months...

I m smelling profit here  

Someone did aswell and dumped it to 15k insane, but why trying to cause panic and collect ?

Looking at the last week, I cannot figure out what happened. Huge volume where we are basically where we were in price to start out. Every pump countered by a pretty large dump. Nobody dumps coins to keep the price low... especially in the face of news, release, increased market pressure.

Volume is trickling out now, so not clear what is going to make the price rise. If this has anything to do with cards being priced in bcy and needing to keep the price low for adoption, then that needs to get fixed asap. Cards have to be priced in dollars with a bcy conversion, the exact same way bitmain sells its miner.

Hi guys,

I have been watching this project from the start...and what is going on with the current "dumpings" are definitely fishy. I can only point to 2 possible sources of these price suppression.

1. SOG team themselves. WHY? They don't have a locked Bitcrystals fund. Which they should have, if they really want to play fair to their supporters. To remove this highly questionable source of Bitcrystals that are time and time again "dumped" into the open market, the SOG team should announce their BCY balance and be open on how those coins are being used or sold. Without that, they can always choose to dump any number of coins into the market. They held an ICO and therefore they should not be SELLING from their balance whenever they want without the knowledge of their ICO investors. This kind of activity is not healthy, they should cease and desist in doing it.

2. The newest "investor" Blockchain Invest DAC, buying 500,000 BCY at 100,000 US Dollars. Of which the why, how, when and where of this deal are not declared by SOG team. No one is even sure that it even happened. So what is wrong with having a "new investor"? Guys, think about this. Are anyone of you be able to buy 500,000 BCY from the open market at 20,000 Satoshis each and NOT DRIVE the price up from 20K Satoshis? Of course not. NO ONE among us can. So why can SOG suddenly sell all of those COINS at once at a FLAT RATE? Is the ICO still OPEN? Are everyone treated fairly? Was everyone given the chance to buy as much as they want on a flat rate of 20K Satoshis? Is anybody's Dollar worth more than anybody else? So why did SOG give under the table priority when someone/some group offered them money? What is stopping them in doing this again??

At 40K satoshis, guess how much of that 500,000 BCY will be dropped into the open market, CAN ANY ONE say? In short, making these kind of deals is a transgression on the trust given to the SOG team by their ICO and original supporters! Bitcrystals are available on the open market. If anyone really believes the project, they should now get their Bitcrystals from the OPEN MARKET and not from the under the table deals. They have to play fair so that they can succeed.

These two possible sources of dumpage on the open market should be eliminated so that SOG team can regain the trust of their investors. They should LOCK their own BCY balance and always be open on how they are using them. NO MORE surprise "new investors". Or dumping on the open market whenever they want or need.

Do the SOG team wants more money? Of course, who does not? Then, they should DELIVER the game immediately. It has been almost 2 years since they start developing. Why is it that until now, pages of pages of bugs are still not addressed? That launch and the game's success should be their means of getting more money! They should do those things right.

If the team can honestly show that they will resolve the above issues and finally deliver on their promises this coming April, then there is hope. If not. I think we should all look elsewhere to find a real Blockchain based development, game or otherwise and forget this one.

I think is combination. Also dont forget Beyond The Void collected 500k BCY. And anyone could in past month slowly collect coins at 0.0001. Price was bottoming many times.

There is also lots of pumping going on on Poloniex. So they buy and push price up and sell. On general price dont change much but volume is big. But that is only good.

Noone have infinity amount of coins. So cant dump them. EDS have lots coins, but so far did manage them carefully. I think also other resources. If not and would just throw euros on best game developers we would have game here long time ago.  They are also smart enough to know that if they sell BCY now they might need to buy them back latter.


Overall nothing changed. all is same as was 2 years ago. If game will be successful BCY will flourish.   Last year and a half we had almost same number of players/speculators selling cards among each other.  impossible to have any real progress in price of BCY. All increase was just a speculation. Now we will hopefully get new players and new demand. Basically BCY might become 3rd coin with substantial real use after Bitcoin and Monero.   There already are some games that use coins, but they have small number of players.

[coin@coin]

Some interesting news from Project Orb. 

Project ORB Update (Mar 30th, 2017)

https://medium.com/book-of-orbs/project-orb-update-mar-30th-2017-ea91a083df12

[The Bitcoin Co-op]

Some interesting news from Project Orb. 

Project ORB Update (Mar 30th, 2017)

https://medium.com/book-of-orbs/project-orb-update-mar-30th-2017-ea91a083df12

When's the linkage between SoG and BoO going to happen? My Counterparty address registered to SoG is still stuck on one I don't control. I posted on the Everdreamsoft forum, but they still haven't changed it for me