Topic: [ANN][WOLF] Project WOLF - page 46. (Read 131019 times)

This is going on for the whole week already. Today is cancelled, and discussing future on https://kiwiirc.com/client/irc.freenode.net/#insanitycoin.


It is fair, as the coin lost a lot of value and nobody is buying from the Dev any more. We're trying to raise the price again, which will be impossible if we don't change the rules.

OMG! What happened today, I just entered on Poloniex and saw a lot of sell orders under 0.001 and even some at 0.00078 (in the transaction history)?!

Why do you want to change the rules, a little unfair. On previous investors.

Yes, just under 2 hours until meeting.

I'm active in IRC and many others are around, feel free to ask for clarifications, comment, or offer counter proposals or modifications from now.

I will stay online for the meeting. 2 hours left?

This is a proposal for discussion. The final version of it when agreed by a majority will be implemented today and the supply will open.

Is the sell order for the first batch active now?

Meeting Address: https://kiwiirc.com/client/irc.freenode.net/#insanitycoin

InsanityDev's WOLF Phase Two Proposal: https://docs.google.com/document/d/1py6VDiRlMl3zJbS19jCTpt0rd8F4wd1tXnck2VaMmZ8/edit?usp=sharing

I am active in IRC, please request any clarifications, post proposals, modifications in there.

Where is it held meetings

Thanks BlockChains, it was more confirming than illuminating to be honest, you brought a lot of weight on the BTC side as a trader, and thus had the most impact on the order book each week. Perfectly valid strategy though and I hope it served you well. To be honest you and one other spent most of each week pricing each other out, took the lowest gains, and had the most impact on the overall price, if you worked together you could have made considerably more.

The next phase is a move to bolster the InsanityCoin economy, provide a solid footing for it going forward, to reward the longer term holders/investors, and provide enough constant weight on the order book that even the largest traders can't knock it down without taking a loss, almost a trader 51% attack mitigation measure. Whilst still keeping scope for traders to have some activity.

Meeting Address: https://kiwiirc.com/client/irc.freenode.net/#insanitycoin

InsanityDev's WOLF Phase Two Proposal: https://docs.google.com/document/d/1py6VDiRlMl3zJbS19jCTpt0rd8F4wd1tXnck2VaMmZ8/edit?usp=sharing

In contrast, creating value-lowering tricks now, to blindly continue the game - would tip the balance.

I can understand that some got quite addicted to this game now, and would love to continue it endlessly. Who would not want that, a game with only winners :-)



Not: coin for traders only.


So far, the short-sighted traders could profit the most. BTC has been transferred from investors to short term traders.

And in recent weeks, with the many up down swings, that got more extreme. Only those who were willing to sell for a tiny margin were rewarded at all. The shortest-sighted ones could play the highest number of times, maximize their profits. Rewards encourage behavior. A downward spiral in the highest achievable price was inevitable.

And now, the patience of some long term holders (and thus believers-in-a-higher-price) ... collapsed for the first time so dramatically, that it does not make sense to buy from the reservoir anymore. Correct me if I am wrong, but I think,  the reservoir only contains dead coins now, coins which need to be destroyed.  And of course ... no pot, no game this week.  All natural, nothing bad about it. 9 weeks turned out to be a too long projection, but who would not forgive that? This amazing game has never been tried before, so I don't expect anyone to be able to 100% predict the long term-behaviour of such a social experiment.


I have played short-sightedly, too ("trader"). Didn't make much plus, but a bit - thank you. However, I also deliberately hold coins ("investor"), and that little plus that I made in the past weeks would be destroyed now, if the price collapses.  I guess it won't - if the next phase is started quickly, with a then rare coin, and a competent dev behind it.


I am here since the first Sunday. In the beginning, I had huge difficulties with trust, so I tried to look really deep. It's always difficult through the internet, but I decided I do trust the Dev.  I have seen him wrongly predict future behaviour of the pack (and we all do that) - but I have never seen him lying. So I stick with it - I trust the dev.

And he has been talking about this as a distribution phase;
and about a coin that will be alive afterwards. A coin with exciting features.

And a coin also for investors.

I guess, it's important to evaluate the situation without fear:
Not enough are buying from the dev anymore to keep the game running. No problem.

So the market has decided: The game phase is over.

The 9 weeks were just an initial guess - 6 weeks are not worse than 9 weeks.


What to do now?  
Phase 2: Destroy all remaining unsold WOLF, not after week 9, but now.

And move to phase 3. Important step is to free the WOLF:
Remove the 10% destruction fee, so that it can be used as a currency,
and transferred away from exchange (dangerous) to wallet/offline (secure).


The market impulse is:
All WOLF that could be are distributed - who has none,
needs to start paying higher and higher prices, from now on.

I know it was a bit all over the place, but I hope I offered a little illumination, InsanityDev.

the buy book at Poloniex got another 8 BTC supporting the price, which is a very good sign!

Calm down... Still 3 weeks and 3 pumps left. Just get out asap. I'm sure that if you play smart, you'll get all your BTCs back

+1
I'll be there and hope we can find a good solution.

But there is no buy support. Shit.

I won't participate in this week's insanitysunday. I've moved all my BTCs over Bitfinex because of the recent BTC crash. I wish all traders good luck

BTW, remember to cash out at some point. Don't become a bag holder. Even if it's a 10% loss, no big deal. I wouldn't wait until there is no buy support left (look at HEX-coin).

Exactly, and as I said before "[my] proposal will create a rolling game where market is active all week."

I must stress that it's all of you who control the price, not me, there are buy orders at 0.0006, but the lowest sell was at 0.0009, which is fine as some people bought at that last sunday.

We will discuss everything tomorrow, agree a plan the majority is happy with, and move forward together.

How many wolves are left? 250k? 250000 x 0.001 = 250BTC = 454$ x 250BTC = 113500$ market cap, which is nothing.
So just rename the coin to some meme and gain 1000%! (bad joke I know)

In case You attended IRC last Insanity Sunday You heard about dev's plans after injection. That were so many great ideas. Realize just some and Wolf will become a top 20 coin.
You have to see, that we are just at ~113k mc (assuming 250k wolves left) and got a dev, who is able to create a coin worth much more.
Ever thought about getting listed on http://coinmarketcap.com?

Problem now is the rebuy at 0.001 and the massiv accidental dumps adding a zero last sunday plus some people sitting on their bags.
I'm sure, that there is a solution, it just needs to be discussed.