https://docs.google.com/spreadsheets/d/1dyi7yMsqDOxCzk2cf9slODeein2L4GCDVubCY706QR8/edit#gid=0
Huge day.
Now we stand at
785.436bcy from cards sold
392.718bcy to be burned this month
44.433.901 total free (not burned) bcy outstanding
0,88% to be burned as a % of free bcy this month
10,61% annualized burning rate.
Not so bad.
p.s. probably I miss something. I am not sure that those calc are right. So I apologize for any error.
Topic: [ANN] Spells of Genesis - Innovating the Game Economy with BitCrystals (BCY) - page 231. (Read 676886 times)
October 20, 2015, 03:00:18 PM
October 20, 2015, 02:37:02 AM
.........
| 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!
Hallo sorry but don't you think that bcy and bitcoin volatility is an issue?
I Mean, now 1 bcy worth about 30% more than a week ago, and bitcoin 5% more than a week ago.
In Fiat Money cards are 35% more costly than a week ago.
I noticed that almost no cards were sold in the past 72 hour, I don't think this fact is uncorrelated with bcy and bitcoin rising price.
Do you have any strategy about the natural volatility of bitcrystal and bitcoin?
After all cards are made for all, not for high net worth customers (or not?).
The recent rise in BCY prices on the exchanges is a direct result of rising demand for this token by people wanting to buy new cards. Naturally we can expect a general upward price trend for BCY considering that half of the BCY collected by EverdreamSoft in new card sales will be burned. I would expect inicial sale prices for new cards to be continually adjusted in view of the market dynamics of BCY price.
On the other hand, I suppose you are not aware of the fact that the partner store is now open and partners did in fact buy limited edition RIPPLECARD and BLOCKSIZECD today and will be able to continue doing so for another month, before sales of these cards will be opened to players with access to the premium store. So it is not accurate to state that almost no cards were sold in the past 72 hours. There were also additional cards resold on the Counterparty DEX. I know cause I made a purchase there myself recently, and the TX information is freely available for anyone to check on blockscan.com.
Edit: BCY price went down significantly late monday night after someone dumped a large amount on poloniex so I suppose too high of a price for BCY will not be a concern for the time being
Well I think that the bcy huge downside movement was not exactly voluntary
. ( I was not in the book damn it!!!).Thank you for the information about BlocksizeCD and Ripplecard I missed it.
Said that: volatility is an issue, specially in those very first day of bcy quotation, I,'m curios to see how everdreamsoft will manage it. Whit new card? Or adjusting the price (in Bcy) of the old card?
October 19, 2015, 10:22:57 PM
.........
| 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!
Hallo sorry but don't you think that bcy and bitcoin volatility is an issue?
I Mean, now 1 bcy worth about 30% more than a week ago, and bitcoin 5% more than a week ago.
In Fiat Money cards are 35% more costly than a week ago.
I noticed that almost no cards were sold in the past 72 hour, I don't think this fact is uncorrelated with bcy and bitcoin rising price.
Do you have any strategy about the natural volatility of bitcrystal and bitcoin?
After all cards are made for all, not for high net worth customers (or not?).
The recent rise in BCY prices on the exchanges is a direct result of rising demand for this token by people wanting to buy new cards. Naturally we can expect a general upward price trend for BCY considering that half of the BCY collected by EverdreamSoft in new card sales will be burned. I would expect inicial sale prices for new cards to be continually adjusted in view of the market dynamics of BCY price.
On the other hand, I suppose you are not aware of the fact that the partner store is now open and partners did in fact buy limited edition RIPPLECARD and BLOCKSIZECD today and will be able to continue doing so for another month, before sales of these cards will be opened to players with access to the premium store. So it is not accurate to state that almost no cards were sold in the past 72 hours. There were also additional cards resold on the Counterparty DEX. I know cause I made a purchase there myself recently, and the TX information is freely available for anyone to check on blockscan.com.
Edit: BCY price went down significantly late monday night after someone dumped a large amount on poloniex so I suppose too high of a price for BCY will not be a concern for the time being
October 19, 2015, 04:52:36 PM
.........
| 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!
Hallo sorry but don't you think that bcy and bitcoin volatility is an issue?
I Mean, now 1 bcy worth about 30% more than a week ago, and bitcoin 5% more than a week ago.
In Fiat Money cards are 35% more costly than a week ago.
I noticed that almost no cards were sold in the past 72 hour, I don't think this fact is uncorrelated with bcy and bitcoin rising prices.
Do you have any strategy about the natural volatility of bitcrystal and bitcoin?
After all cards are made for all, not for high net worth customers (or not?).
October 19, 2015, 04:51:42 PM
.........
| 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!
Hallo sorry but don't you think that bcy and bitcoin volatility is an issue?
I Mean, now 1 bcy worth about 30% more than a week ago, and bitcoin 5% more than a week ago.
In Fiat Money cards are 35% more costly than a week ago.
I noticed that almost no cards were sold in the past 72 hour, I don't think this fact is uncorrelated with bcy and bitcoin rising price.
Do you have any strategy about the natural volatility of bitcrystal and bitcoin?
After all cards are made for all, not for high net worth customers (or not?).
October 19, 2015, 10:52:35 AM
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!
October 19, 2015, 08:17:22 AM
......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.
October 19, 2015, 02:39:37 AM
......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.
October 19, 2015, 12:14:59 AM
if you operate a while you know how many transactions are going back.
There are probably some statistics online for the Appstores etc.
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) .
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.
October 18, 2015, 09:44:13 AM
if you operate a while you know how many transactions are going back.
There are probably some statistics online for the Appstores etc.
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) .
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.
October 18, 2015, 09:22:25 AM
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?
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?
October 17, 2015, 12:14:41 PM
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.
October 17, 2015, 12:09:02 PM
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.
October 17, 2015, 11:01:31 AM
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/
October 17, 2015, 10:41:55 AM
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/
October 17, 2015, 07:58:38 AM
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)?
October 17, 2015, 06:18:40 AM
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.
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.
October 17, 2015, 04:19:08 AM
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.
October 16, 2015, 04:37:57 PM
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.
October 16, 2015, 04:31:24 PM
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.
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