Author

Topic: 10 lots of 1,000 CK gold each -> 2014-10-22, 18:00 GMT (Read 4549 times)

donator
Activity: 1722
Merit: 1036
My understanding is that Earl David has given payment instructions to everyone, so there is no reason to not pay accordingly. Yet as of now, 3/7 winners still have not paid. If no payment shows up in 3.5 hours, the right to the gold may be forfeited, according to my pleasure at that time.

Thank you. Everyone has paid (and does not get punished). Rather: Welcome! Smiley

The new auction closes 7pm Saturday. The price is currently 0.21 and there is an over-allotment option so that if more purchasing interest comes at that price or higher, existing holders of gold may choose to sell their holdings. The floor price is 0.21 so it will anyway not go below that.
donator
Activity: 1722
Merit: 1036
Gold bought in this auction must be paid in 24 hours. Non-payment is considered default and results in forfeiture of game assets, or denial to enter the game at a later time.

HM The King reserves the right to make clarifications.

A kind reminder.

My understanding is that Earl David has given payment instructions to everyone, so there is no reason to not pay accordingly. Yet as of now, 3/7 winners still have not paid. If no payment shows up in 3.5 hours, the right to the gold may be forfeited, according to my pleasure at that time.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
seems too much to me, not sure if I could ROI

hoping prices will be lower on the next auction..

Waiting for the next auction will mean that your workers will miss some days of quarrying stone for the grand edifaces you may be planning.
Delay does come with a cost.
jr. member
Activity: 32
Merit: 10

I am now part of Crypto Kingdom. Remember that day everyone. Muhuhahaha


ahahahaha, beware of you're gold, "Appelez-moi Super, pas de chichis, Pas de panique c'est français"
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
seems too much to me, not sure if I could ROI

hoping prices will be lower on the next auction..
legendary
Activity: 2156
Merit: 1131
 
I am now part of Crypto Kingdom. Remember that day everyone. Muhuhahaha
donator
Activity: 1722
Merit: 1036
For the happy winners of the auction: I will handle the reception of XMR for Risto. I will PM you a paiment ID and the address for sending the XMR.

Confirmed. You are safe to send XMR to my treasurer Earl David.
hero member
Activity: 658
Merit: 503
Monero Core Team
For the happy winners of the auction: I will handle the reception of XMR for Risto. I will PM you a paiment ID and the address for sending the XMR.
sr. member
Activity: 263
Merit: 250
For future auctions, make the price be the first nonwinning bid. This way you get a pure multi-VCG auction with nice preference revelation properties.
donator
Activity: 1722
Merit: 1036
The auction has ended.

Results:

1,000 @ 0.32 paulsonnumismatics
2,000 @ 0.31 binaryFate
1,000 @ 0.30 fluffypony
2,000 @ 0.30 xulescu
1,000 @ 0.26 superresistant
1,000 @ 0.26 Karl Hungus
1,000 @ 0.26 paulsonnumismatics
1,000 @ 0.26 gwada971
----------------------------------

The price in the auction came to be 0.26 XMR/CKG.

I will soon post the payment information.
donator
Activity: 1722
Merit: 1036
Checking the time
sr. member
Activity: 265
Merit: 250
Honni Soit Qui Mal i Pense
Ok, just in case... Apart from my last bid, please add 1000 @ 0,32 , please.  Roll Eyes
jr. member
Activity: 32
Merit: 10
1000 @ 0,26
sr. member
Activity: 263
Merit: 250
2k @ 0.3
sr. member
Activity: 265
Merit: 250
Honni Soit Qui Mal i Pense
Ugh i lost my two bids...
1000 @ 0.26 for me please.
donator
Activity: 1722
Merit: 1036
About 2:00 left until the auction ends. It will end according to the timestamp of the server time without manual intervention.

Situation currently:

2,000 @ 0.31 binaryFate
1,000 @ 0.30 fluffypony
1,000 @ 0.26 superresistant
1,000 @ 0.26 Karl Hungus
1,000 @ 0.25 smooth
1,000 @ 0.25 djjacket
1,000 @ 0.25 gwada971
2,000 @ 0.24 binaryFate
----------------------------------
4,000 @ 0.24 MadCow
1,000 @ 0.23 gwada971
5,000 @ 0.22 smooth
1,000 @ 0.21 dnaleor

If the auction would end now, the price would be 0.24 XMR/CKG.
jr. member
Activity: 32
Merit: 10
1000 @ 0.25
donator
Activity: 1722
Merit: 1036

About 3:50 left until the auction ends. It will end according to the timestamp of the server time without manual intervention.

Situation currently:

2,000 @ 0.31 binaryFate
1,000 @ 0.30 fluffypony
1,000 @ 0.26 superresistant
1,000 @ 0.26 Karl Hungus
1,000 @ 0.25 smooth
1,000 @ 0.25 djjacket
2,000 @ 0.24 binaryFate
1,000 @ 0.24 MadCow
----------------------------------
3,000 @ 0.24 MadCow
1,000 @ 0.23 gwada971
5,000 @ 0.22 smooth
1,000 @ 0.21 dnaleor

If the auction would end now, the price would be 0.24 XMR/CKG.
legendary
Activity: 1512
Merit: 1012
Still wild and free
2000 @ 0.31
full member
Activity: 212
Merit: 100
full member
Activity: 212
Merit: 100
1000 @ 26
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
1,000 @ 0.26 superresistant
1,000 @ 0.25 smooth
1,000 @ 0.25 djjacket
2,000 @ 0.24 binaryFate
4,000 @ 0.24 MadCow
----------------------------------
1,000 @ 0.23 gwada971
5,000 @ 0.22 smooth
1,000 @ 0.21 dnaleor

If the auction would end now, the price would be 0.24 XMR/CKG.
hero member
Activity: 784
Merit: 501
1000@25
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
1,000 @ 0.26 superresistant
1,000 @ 0.25 smooth
2,000 @ 0.24 binaryFate
4,000 @ 0.24 MadCow
1,000 @ 0.23 gwada971
----------------------------------
1,000 @ 0.23 djjacket
5,000 @ 0.22 smooth
1,000 @ 0.21 dnaleor

If the auction would end now, the price would be 0.23 XMR/CKG.
donator
Activity: 1722
Merit: 1036
It really is a shame to discourage new players from entering the game due to the min gold requirement.  I would like to suggest limiting current gold stakers in these auctions or having a new player only auction.

We have to limit the total number of players anyhow. It is impossible to manage the building era that starts on Sunday manually with a large number of players. The online version (that abolishes the min gold rule) is only coming up in 2014-11-16.

I hope everyone understands, this is after all the fairest way to allocate the earliest player seats.

Current number of characters: 19
Target number now: 9
Target total number in 2014-11-15: 64.

Please take this discussion to the main thread if you feel the urge to continue, to not clutter the auction Smiley
hero member
Activity: 784
Merit: 501

i'm out, waiting for next auction. Less stone, but hey, I hope the XMR/CKG exchange rate goes down accordingly...


That's my position as well. 250+ XMR to join a game seems pricey to me.

It really is a shame to discourage new players from entering the game due to the min gold requirement.  I would like to suggest limiting current gold stakers in these auctions or having a new player only auction.
legendary
Activity: 2156
Merit: 1131

1,000 @ 0.26

 Angry  Angry
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
1,000 @ 0.25 smooth
2,000 @ 0.24 binaryFate
4,000 @ 0.24 MadCow
1,000 @ 0.23 gwada971
1,000 @ 0.23 djjacket
----------------------------------
1,000 @ 0.23 superresistant
5,000 @ 0.22 smooth
1,000 @ 0.21 dnaleor

If the auction would end now, the price would be 0.23 XMR/CKG.
legendary
Activity: 2968
Merit: 1198
1000 @ 0.25
newbie
Activity: 56
Merit: 0
CKG has drastically shot up in price in the short space of time that its been around. Nearly 800 views for this thread even though its only been up for 2 days shows there is a huge market.

I'd venture that most people who make up the $4,000,000 market cap of XMR at the moment will eventually hear about this if they haven't already.
legendary
Activity: 2156
Merit: 1131

1,000 @ 0.23
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.24 binaryFate
4,000 @ 0.24 MadCow
1,000 @ 0.23 gwada971
1,000 @ 0.23 djjacket
1,000 @ 0.22 smooth
----------------------------------
4,000 @ 0.22 smooth
1,000 @ 0.21 dnaleor

If the auction would end now, the price would be 0.22 XMR/CKG.


The success of this auction has solidified my decision to arrange the next one, closing on Saturday. The minimum bid then will be 80% of the closing price of this one. 10,000 gold will be for sale in 10 * 1,000 gold lots; similar to this one.
sr. member
Activity: 280
Merit: 250

i'm out, waiting for next auction. Less stone, but hey, I hope the XMR/CKG exchange rate goes down accordingly...


That's my position as well. 250+ XMR to join a game seems pricey to me.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
i'm out, waiting for next auction. Less tone, but hey, I hope the XMR/CKG exchange frate goes down accordingly...

no edit button  Tongue

i'm out, waiting for next auction. Less stone, but hey, I hope the XMR/CKG exchange rate goes down accordingly...
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
i'm out, waiting for next auction. Less tone, but hey, I hope the XMR/CKG exchange frate goes down accordingly...
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
omg, this is too damn much Cheesy
hero member
Activity: 655
Merit: 500

Ouch, can I change my bid, just realised I'll be short with 5k.

4000 @ 0.24
legendary
Activity: 1610
Merit: 1004
┗(°0°)┛
hero member
Activity: 655
Merit: 500
hero member
Activity: 784
Merit: 501
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.24 binaryFate
1,000 @ 0.23 gwada971
5,000 @ 0.22 smooth
1,000 @ 0.21 dnaleor
----------------------------------

If the auction would end now, the price would be 0.21 XMR/CKG.
jr. member
Activity: 32
Merit: 10
1000 @ 0.23
legendary
Activity: 1512
Merit: 1012
Still wild and free
Isn't it earlier bid wins over later one if they are for the same price?

Yes.

I overlooked the current ranking as contradicting. Then couldn't edit my post when noticing my overlook. Sorry.  Cheesy
donator
Activity: 1722
Merit: 1036
Isn't it earlier bid wins over later one if they are for the same price?

Yes.
legendary
Activity: 1512
Merit: 1012
Still wild and free
Isn't it earlier bid wins over later one if they are for the same price?
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.24 binaryFate
5,000 @ 0.22 smooth
1,000 @ 0.21 dnaleor
1,000 @ 0.20 binaryFate
----------------------------------
1,000 @ 0.20 saddambitcoin

If the auction would end now, the price would be 0.20 XMR/CKG.
legendary
Activity: 1512
Merit: 1012
Still wild and free
2000 @ 0.24
legendary
Activity: 2968
Merit: 1198
5000 @ 0.22
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
1,000 @ 0.21 dnaleor
2,000 @ 0.20 binaryFate
2,000 @ 0.20 saddambitcoin
1,000 @ 0.15 GreekBitcoin
1,000 @ 0.15 kronicblazer
1,000 @ 0.14 paulsonnumismatics
1,000 @ 0.14 iluvbitcoins
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.14 XMR/CKG.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
1000 @0.21
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
2,000 @ 0.20 saddambitcoin
1,000 @ 0.15 GreekBitcoin
1,000 @ 0.15 kronicblazer
1,000 @ 0.14 paulsonnumismatics
1,000 @ 0.14 iluvbitcoins
1,000 @ 0.12 fluffypony
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.12 XMR/CKG.
legendary
Activity: 1610
Merit: 1004
please pull my current bids and place this one:

2,000 @ 0.20

sr. member
Activity: 252
Merit: 250
1000 @ 0.15
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.15 GreekBitcoin
1,000 @ 0.14 paulsonnumismatics
1,000 @ 0.14 iluvbitcoins
1,000 @ 0.13 saddambitcoin
1,000 @ 0.12 fluffypony
1,000 @ 0.12 paulsonnumismatics
1,000 @ 0.11 saddambitcoin
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.11 XMR/CKG.
legendary
Activity: 1428
Merit: 1001
getmonero.org
1000 @ 0.15
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
sr. member
Activity: 265
Merit: 250
Honni Soit Qui Mal i Pense

Hey, book some for me!

1000 @ 0.14 XMR
1000 @ 0.12 XMR

Thanks
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.13 saddambitcoin
1,000 @ 0.12 fluffypony
1,000 @ 0.11 saddambitcoin
2,000 @ 0.11 dnaleor
1,000 @ 0.11 kronicblazer
1,000 @ 0.11 iluvbitcoins
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.11 XMR/CKG.
donator
Activity: 1722
Merit: 1036
4,000 @ 0.07
(if present owners can buy more)

Yes they can but minimum bid that has a chance to fill anything is currently 0.12.
hero member
Activity: 658
Merit: 503
Monero Core Team
4,000 @ 0.07
(if present owners can buy more)
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
1000 @ 0.11
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.13 saddambitcoin
1,000 @ 0.12 fluffypony
1,000 @ 0.11 saddambitcoin
2,000 @ 0.11 dnaleor
1,000 @ 0.11 kronicblazer
1,000 @ 0.10 dnaleor
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.10 XMR/CKG.
sr. member
Activity: 252
Merit: 250
... 1000 at 0.11
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
ad this bid please

2000 @0.11
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.13 saddambitcoin
1,000 @ 0.12 fluffypony
1,000 @ 0.11 saddambitcoin
1,000 @ 0.10 dnaleor
1,000 @ 0.10 fluffypony
1,000 @ 0.10 saddambitcoin
1,000 @ 0.09 Shrikez
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.09 XMR/CKG.
legendary
Activity: 1610
Merit: 1004
1000 @ 0.13
1000 @ 0.11
1000 @ 0.10

i must have gold!!
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.12 fluffypony
1,000 @ 0.10 dnaleor
1,000 @ 0.10 fluffypony
1,000 @ 0.09 Shrikez
1,000 @ 0.08 kronicblazer
1,000 @ 0.08 fluffypony
1,000 @ 0.07 saddambitcoin
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.07 XMR/CKG.
donator
Activity: 1722
Merit: 1036
1,000 @ 0.12 fluffypony (aka Riccardo, Earl of Forte Spagnolo)
1,000 @ 0.10 fluffypony
1,000 @ 0.08 fluffypony
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
1000  @  0.06

I hope i understand how it goes. And i hope i can raise my bet when i see i am not wining anymore.

You've now been outbid and will need to raise in order to get any of this batch.
sr. member
Activity: 400
Merit: 263
donator
Activity: 1722
Merit: 1036
Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.10 dnaleor
1,000 @ 0.08 kronicblazer
5,000 @ 0.07 saddambitcoin
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.07 XMR/CKG.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
1000 @ 0.1
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
1000 at .08

If alot of people take interest, could we limit the amount of gold 1 person can get(so new people have a better chance to try out game early)?  Kinda sucks if one single person can bid a high amount and take everything since I think too much gold was sold to some people at the start already.  Higher adoption means the game will grow faster, and less big monopolies are good for the game in the long run.

Some early buyers might also sell or give gold for many different reasons.

Consider this:
A careful reading of the rulebook of the king's wisdom shows that there is an incentive to spread the wealth, especially for those who might collaborate on common goals simply because high amounts of gold produce less stone per gold than lower amounts of gold.  Therefore multiple collaborators can produce more by working together than can a single player working alone with the same amount of gold.  It is a built in cooperation incentive for the wealthier subjects due to the decreasing returns on hoarding.

However in deference to your concern, I will forgo bidding on this auction.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
1000 at .08

If alot of people take interest, could we limit the amount of gold 1 person can get(so new people have a better chance to try out game early)?  Kinda sucks if one single person can bid a high amount and take everything since I think too much gold was sold to some people at the start already.  Higher adoption means the game will grow faster, and less big monopolies are good for the game in the long run.

Some early buyers might also sell or give gold for many different reasons.

Consider this:
A careful reading of the rulebook shows that there is an incentive to spread the wealth especially for those who might collaborate on common goals simply because high amounts of gold produce less stone per gold than lower amounts of gold.  Therefore multiple collaborators can produce more by working together than can a single player working alone with the same amount of gold.  It is a built in cooperation incentive for the wealthier subjects.

However in deference to your concern, I will forgo bidding on this auction.
sr. member
Activity: 252
Merit: 250
1000 at .08

If alot of people take interest, could we limit the amount of gold 1 person can get(so new people have a better chance to try out game early)?  Kinda sucks if one single person can bid a high amount and take everything since I think too much gold was sold to some people at the start already.  Higher adoption means the game will grow faster, and less big monopolies are good for the game in the long run.
legendary
Activity: 1610
Merit: 1004
7000 @ 0.07

i decided today that i must obtain a 1:1 ratio of CKGold/XMR. so there is some buying to do.

hail the king for giving us something fun to do with Monero!
donator
Activity: 1722
Merit: 1036
And i hope i can raise my bet when i see i am not wining anymore.

Yes. It is always possible to place new bids. Old bids continue to be valid, though (but if you place a new bid only after the previous one is not winning, this does not matter of course).

Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.06 Febo
6,000 @ 0.05 HM The King
------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.05 XMR/CKG.
legendary
Activity: 2744
Merit: 1288
1000  @  0.06





I hope i understand how it goes. And i hope i can raise my bet when i see i am not wining anymore.
legendary
Activity: 1512
Merit: 1012
Still wild and free
2,000 @ 0.20
donator
Activity: 1722
Merit: 1036
Above: Added that auction does actually work with XMR only, and it must be bought first in Poloniex (recommended).
donator
Activity: 1722
Merit: 1036
donator
Activity: 1722
Merit: 1036
Reserve bid submitted for clarity:

10,000 @ 0.05 HM The King (rpietila)

Proxy bid:

1,000 @ 0.30 fluffypony


Fluffypony does not necessarily think that 0.30 is the right price, but according to the rules of the auction, since he is the first bidder with a high bid, he can secure himself 1,000 gold and pay the amount that the other bidders have deemed to be the market price.
donator
Activity: 1722
Merit: 1036
This is an ingame item. Please see the rules of the game, Crypto Kingdom Version 1: Genesis, before making a bid.

It is advisable to read the game thread also, starting from the announcement that it accepts characters, at least.

As part of the HM The King's gold sales, mandated by the rules, 10 lots of 1,000 units of CK gold each, will be offered for auction.

By buying from this auction, you may also be entitled to the "MEW bonus" and "early poster" bonus that will automatically be added to the gold you have bought.

The bids are to be given in the following format: "quantity @ price (XMR)". For example "2000 @ 0.11".

The reserve price is 0.05 and no more than 2 decimals, so the bidding starts at 0.06.

Higher bid wins over lower one, earlier bid wins over later one, and all winners pay the same amount per lot (the price of the lowest winning bid that still wins).

The right to participate in the auction is limited as follows:
- if it is not legal for you to do so, cannot participate
- negative trust rating, cannot participate
- Newbie and Junior Members, limited to 1 lot
- Senior Members or higher, or existing players of the game, limited to 10 lots (all).

The winners who are already not characters, will be created characters in the game after they pay for the gold and supply the character stats (age, sex, nick).

Auction closes 6 pm GMT Wednesday, BCT server time, or one minute after the last winning bid (in case a winning bid was submitted during the last minute, the auction lasts as long as there are no new winning bids submitted in one minute since the previous one).

Gold bought in this auction must be paid in 24 hours. Non-payment is considered default and results in forfeiture of game assets, or denial to enter the game at a later time.

HM The King reserves the right to make clarifications.
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