Topic: [ANN][WOLF] Project WOLF - page 95. (Read 131019 times)

what day/time will you be executing the trades over the weekend?  it should be the same each time so everyone can be prepared right?

also, will there be transparency for each trade week.  So if you receive 50BTC this first week, how will we know you bought 50BTC worth of WOLF, and not 45BTC and pocketed 5 for yourself?

if block reward is zero where is the supply from  scam coin

Glad you made that clear - people have already taken different approaches, some are in it for 1% gains, some for 1000%.


And by "large" that could mean large-btc-low-wolf (0.1 BTC per coin) or large-wolf-low-btc (0.001 BTC per coin), purely to destroy it and acquire more. Strategies.

Thanks for all your replies ZeroK, and for taking the time to check everything out properly - I can see you being a valued member of this community.


After a few weeks I hope we have a fairly solid pack of trusted traders centered around WOLF, I'd hope that community could make diplomatic decisions and decide this for themselves, they could stay, or reduce, or be removed all together. The community will decide nearer the time, I'll get a build together with whatever they choose, and people can update clients if a change is made.
nb: all past coins destroyed are gone for good, regardless of whether this change was made or not.


Exactly, there is of course nothing wrong with having multi-week strategies or changing them each week. I know I personally will learn a lot from this, and hope we all do (and make a profit).

I will stress again, as a pack the best course of action is to kill as many coins as possible, and reduce the supply from me to 0 as quickly as possible. That way the market should grow exponentially over the remaining weeks. A similar approach is to limit buying and let as many coins as possible be left in my supply at week 9, then they'll all be destroyed, also reducing the money supply massively. (Reducing the money supply increases the value of each coin).
I'd encourage you to discuss amongst yourselves, or think alone on, what is best for the individual, the pack, short term, and long term.

This coin is meant to be destroyed over time, a game of nerves. How long will people hold out, how many to buy back, how many to dump, when will people let go of all their WOLF... fun! Intentional (or, oops, unintentional) destruction. Excellent.

Mistakes happen, I'd try to limit them with this one.

It is in traders interests to not place large sell orders until Sunday 18:00, and even later if they feel daring, so as to hide their strategy from the market and also reduce competition allowing them to set higher sell prices.

sorry im lazy but will 10% be taken from each transaction even after 9 weeks?

It should be noted though, that sending to a wallet and then sending to an exchange, as opposed to sending to an exchange directly, will reduce the WOLF amount by 10%.

Some may do this intentionally to reduce supply, but it should be out of choice, not because if a mistake.

For interests sake, if I executed the pot now, the price would go over 0.01 BTC per coin on market, and 5000+ WOLF destroyed

[back to pm's]

Yeah, pretty much. But you may want to buy now to set up your sell orders.

Dev, please check your PM.

so all the action will be on the weekends and dead during the week? 

So, what is the process?

Let's say I want to invest.

I have to send BTC to a specific address and pm the OP with the transaction id? And then how will I get my WolfCoins? Is there a wallet?

you havent replied to my pm..

more importantly:
1) a several hundred btc wall would not help anything
2) it would severely limit trading strategies
3) it would prevent exponential decline of the money supply. An important trading strategy is people buying off market, sell on market for more, and then buying more WOLF. This decreases the coin supply, grows the community + number of holders, and increases the value of each overall coin.

Ultimately, if you wolves can get through all of the InsanityCoin in less than 9 weeks, then you have x weeks of playing on market with a huge amount of traders, and guaranteed 100 BTC bumps each sunday.

That wouldn't make any sense; his price is 0.001, not 0.0015.

update

Fellow wolves, I think I've caught up with all the PMs now, if anybody hasn't had a response please let me know. 40+ people have expressed interest to purchase, and over half of them already have.

Pot
BTC Pot is at 22+ BTC and growing constantly.

Everybody uses the same address 1B5XfuPZZesYMMLZFhpeHAX9NaRLnEJkDh, apart from one 2 BTC transaction at the start to user NWO (who was the first to buy).
5 BTC has been moved to Poloniex so far and comprises the 5000 Buy order at 0.0009 in case anybody wants out, and the 500 buy order at 0.001 to set the base price.
0.65 BTC has been set aside to cover high powered mining rig contracts to keep the chain strong and fast for everybody over the next few weeks. I'll let the community decide if this is fair to take from the pot or not, if not then I'll personally replenish that amount.

Clarifications
When you purchase initially, you are purchasing "tax free" as it were. If you buy 1000 WOLF via the pot you receive 1000. 1100 are actually sent, 100 of those are destroyed.
Coins traded at poloniex and kept there are not destroyed, other than poloniex's own fee. Coins withdrawn to blockchain and sent are of course subject to a 10% destructive fee.

Why don't you sell on market at a fixed price?
Well that would be a huge xxx BTC sell wall.. not healthy..!

Buying Back / the weekly bump
Do be aware there are multiple traders in our pack, each with different strategies. Some will hold, some will put coins on at a low price to try and get them destructed and to buy more. Some may even bump the price themselves, buying everything on market at the weekend and putting only 1 WOLF up for sale at pot-size-price. This is the game.

I as pot holder will try to acquire and destroy as many coins as possible each week on the bump. One week it may be a huge buy order right up the book, the next it may be 5 orders at 20% of pot size over 30 minutes or so.

You as wolves have different motives, some of you will want to get as much BTC profit as you can, others of you will want to acquire as much WOLF as possible for when there is none left and the money supply is 500k or less.

The bump will be each Sunday at a random time between 18:00 to 23:59 UTC. Shortly after I'll announce how many coins were bought, take them out of poloniex and start sending them backwards and forwards between two addresses until less than 1 WOLF remains.

Thank you all, and looking forward to seeing how this takes shape over the coming weeks.

We are but only 48 hours in so far.

This is correct.

What the hell, I order more  

Net amount: -0.50 BTC
Transaction ID: efd6bf5ef486683abab62370b7dca514a6092c706952f791dc981d557c757513

Edit: received, fast reply from dev. Thanks!

I'm up for this experiment. I just sent 0,5 btc.


Net amount: -0.50 BTC
Transaction ID: ead827f65ea0fc7a323c2639fbcdb0991592ed05757e928ce88ab605fe91ea9c

Edit: received. Let's do this!

InsanityCoin it is, it's really a game and we cannot help it 

Dev should put all his coins on the exchange at 0.0015 instead of selling direct.  He's screwing the people who are buying on Pol.