Topic: CryptoKingdom Markets - page 2. (Read 9252 times)

Weekly housing markets report. These houses / land lots are for sale at the moment:

Borough 1
650 mil: https://cryptokingdom.me/land/lot/details/40

Borough 2
900 mil: https://cryptokingdom.me/land/lot/details/364
1400 mil: https://cryptokingdom.me/land/lot/details/363

Borough 3:
400 mil: https://cryptokingdom.me/land/lot/details/600

Borough 9
1,600.0mil: https://cryptokingdom.me/land/lot/details/913
100,000.0mil: https://cryptokingdom.me/land/lot/details/931

Borough 22
1,000.0mil: https://cryptokingdom.me/land/lot/details/471

Beat you to it

3:58 AM  hmc_: Top Owners of s-sgc:
3:58 AM  1. MOOO : 1,280
3:58 AM  2. HMC : 500
3:58 AM  3. ODIN : 200
3:58 AM  4. DEBORAH : 20

Buying M2, sell your crap to me!

On CAN, another 210k would do.

On SW5, I'll just take all people want to dump.

On FUCK, I'll take them all!

On HM02B100, maybe another 25 or so...

How much more CAN do you need?

Dump your CAN, SW5, FUCK, and HM02B100 on me bros...

On 1), the most that can be afforded by the participant, to my knowledge, is 99% of the M asset. Any amount over 99% of the asset, within the next three years, will absolutely be more than the participant's net worth (I say this with confidence now). Therefore 100% is unaffordable short of only theft and dilution scenarios which thankfully haven't happened since the CON default.

I think right now the ownership is (side-note to remind myself to thank papa for providing CK herald, find something of value to give him, and request that the CK herald be linked in as many places as possible, starting with my signature) 30.85% of the outstanding Markka. The total control of that same owner is, I think at least the top five holders, which are 56.85% of the total. There have been claims that these top 5 represent over at least 1000 people. I think the question here is, at which point would overpaying for the asset be happening?

The valuation of the online platform as a whole includes a few practical things that stand out to me -

1. Ability to act as a monetary exchange system (currently offering only Markka pairings)
2. An unprovably-fair casino
3. A transaction network backed by a non-cryptographically secure plainly observable ledger that will register the transfer of digital items directly from one to another
4. A stand-alone currency that is representative of ownership of the platform as a whole
5. An API to allow data generated to be pulled off site
6. A series of powerful commands to interact with this platform: Give, Buy, Sell, Consume, Dividend being just the most important few of more than 36 commands being available to accounts based on differing access levels.
7. A messaging system in which one can communicate their wishes outside of using in game commands to anyone or everyone for a voluntary fee.
8. Around 30-50 people minimum LARPing a Kingdom in IRC and BTCtalk

The actions of charid=1 have a direct effect on, up and until the complete destruction of each of these 8 things if so desired (this is assumed, possibly even being tested).

Every single one of these 8 things have also been affected by the CON default. The game mechanics have been placed on hold, as without decentralization of the underlying asset, every item on the platform stands to default at some point. Without money flowing in - what drive is there to have mechanics enabled?

Where am I going with this - we are shorting charid=1 right now. As long as this individual is present in a form in which the majority deems 'healthy and investable' then money would assumingly flow to the platform. I think the situation now is not so different than before with CON (Personally I am not the majority - but I see the general sentiment forming nonetheless).

I think CON worked as a whole and would have continued working if XMR didn't go up. But we all wanted it to (or at least most of us). CON hurt the platform because it was the platform, or town, or something official that offered CON.

Would it work again, if something not directly tied to the platform offered something similar? Say some FOC with a large % ownership in depo shares/markka/hopes+dreams to use as collateral if the CON fails?

And can the money raised from selling this pseudo-CON be used to pay developers and/or people to do work toward addressing flaws in at least 7 of the above points, formulating and refining game mechanics, even adding new points to the list itself?

Or is this all so ingrained toward charid=1 that nothing can be done otherwise? I mean at least 30-40% isn't in his direct control, so there's probably something that can be done, assuming the long-term prospect of charid=1 is not the total destruction of the platform (he's mentioned he's tried it and failed before)

On 2) I'm not sure if it's supposed to be ironic that fractional reserves go back to 1668 according to wikipedia. Admittedly, it's a tough sell to the first people to run to the bank (us), but for most of the population right now this would still probably seem like a natural thing to do.

With that in mind, possibly there is some % number out there in someones head that is currently preventing the paying out of depository shares. I don't know.

If the knowledge concludes that the shares will just be bought back with intent to increase relative platform ownership, then there is hardly any logical reason (short of moral obligation obviously) to pay out the depository shares, as default wouldn't be likely because first is that the shares can definitely be paid (dude's rich), and second what action could be taken by these people who obviously just want more depository shares? If the goal is to get more Markka ownership then their motive for active collection wouldn't likely involve the want to damage the platform.

Of course, if the motive is to just walk away forever - even these people will wait. Some got paid. It's a lot of money maybe it doesn't move that fast. I only got 33% of what I sent to new. Was the interest addendum voiced by zechariah or the platform as a whole? I see the in game description is that interest is paid - who edited it? Toward that matter - what logical reason could there possibly be to offer such a high interest rate on payouts? Was the desire to get Markka that high? Why? I mean I bet there's people who sold specifically to collect on the interest rate (similar to CON - you give 15 XMR and get .1 XMR 'forever').

And that is why I bet a whole billion on SGC. Seems like a deadlocked grapple. Maybe I'm wrong and lose a billion. This will pass some day though.

Buying S-RWIN, please dump if you hold it by mistake.

Even if the depositories were legitimate namely fully funded they still paint a false picture if there is a deep pocketed participant dumping large amounts of XBT and EUR on the market. In this situations and assuming no fractional reserve there are essentially two possibilities:
1) The deep pocketed participant ends up owning the entire asset while over paying for it
2) The deep pocketed participant gives up trying to manipulate the price, the price goes back to its proper level, in many cases after over shooting to the downside. All this does is provide an opportunity for those who sold to buy back at a substantial profit.

I don't know, I used all three depository shares and converted to USD, found a bunch of averages and came up with thinking this is worth anywhere from 1.06 million USD to 127.889 million USD, with a 'backing' of 3.042 million USD, hence the name of the sheet being crypto mindfuck:



This doesn't take into account any value outside the in-game exchange of depository shares and assumes that all depositories are legitimate.

In the midst  of all of this turmoil a valid exercise is estimating the actual value of Markka and thereby obtain an estimate on the market cap of Crypto Kingdom.

If we consider that the only reliable depository for withdrawals is M3 - XMR at least while saddam is running it. At around 7:00 UTC April 27, 2014 I performed an analysis that started with the purchase on the open market of 1 M3 0.01 XMR for 599,997 M.  This is equivalent to 59,999,700 M for 1 XMR. or a market cap for the 2,000,000,000,000 M of 33,898.305 XMR. Another evaluation is if we consider the holdings of Coinshop of M3 at 300,000 M3 or 3000 XMR I would consider 3000 XMR to be the lower limit, since this reflectively only values the "foreign currency" holding and places no value on the game it self.

As for the pending B1 and E1 withdrawals these are essentially a claim on Risto Pietila and not on Crypto Kingdom; however Risto Pietila though his character Zechariah own approximately 30.85% of M. This could be significant if part of these claims are settled in M and the new holders of M decide to head for the exits.

So what is the market cap of Crypto Kingdom. Based on the above analysis on can argue for ~34,000 XMR or ~658,000 EUR. Based upon that latest M3 ask of 400,000 M on can argue for about  1,000,000 EUR. At the other extreme based upon the Coinshop holdings we get around 58,000 EUR.

The above is all a far cry from the peg of 20,000 M = 1 EUR or a 100,000,000 EUR market cap.

Edit: I stand by my position that the 10,000 M = 1 EUR peg now 20,000 M = 1 EUR peg was an incredibly fiscally imprudent idea, and has resulted in what amounts to an exodus from CK. Had even a minuscule portion of the funds that were dedicated to this ill conceived currency peg been spent on the actual development of the game it is quite possible that over time a significantly higher valuation than 100,000,000 EUR could have occurred. Unfortunately this much more sane approach was not the path chosen.

I'm going to re-post this here,


About 12 years ago I went through a bad patch in my life, I started drinking heavily, behaving badly towards family/friends, making bad decisions, becoming unreliable etc it went on for about 2 years. I went to the doctor over another issue and he asked me if I was depressed, and I answered 'yes', thinking it was a literal question like 'are you tired?', or 'do you get headaches?'. Luckily for me I followed the doctors advice and saw a counsellor for 10 therapy sessions which started the process of bringing me back to my former mental state, and helped me realise what was happening to me. I was diagnosed with a version of post traumatic stress disorder, induced by grief. In retrospect it saddened me that so many of my friends, work colleagues, and family didn't do anything to intervene, even though many knew of the traumatic experience I went through. It was easier to explain my destructive behaviour as a character flaw (I was a 'dickhead'), rather than an alternate explanation, like I was going through a mental health crisis.

I think it's very likely risto is suffering some sort of mental health issue now, probably induced by grief over the losses in his life. He's acting like a 'dickhead', but that's a symptom, not his underlying personality. This is a difficult subject to raise, but I do it as someone with personal experience of mental health issues, and also as someone who admires what risto did for monero in the early days (e.g. my understanding is risto gave fluffypony his hefty stake in CK as a gift). The current situation is analogous to watching a really drunk person pick up their car keys to drive home, there's a good chance they'll kill themselves, other innocent people, or probably both. Maybe it's time to take the CK car keys off risto, just until he's 'back to normal', so he doesn't do damage he deeply regrets later.

Selling some corporate shares:

https://cryptokingdom.me/marketplace/item/s-gb
https://cryptokingdom.me/marketplace/item/s-ggg
https://cryptokingdom.me/marketplace/item/s-ll

Also some realty:

https://cryptokingdom.me/land/lot/details/931

With all the bot-registrations increasing the CAN supply, the price still is 3x the inflation price. CAN is always in demand and whales love to hoard it, so the pressure always ends up increasing the price. Risto's tried all kinds of controls to get it at a target price (500 at one time), but nothing works

I was confused about CAN flooding via registration even before the 420 dividend, but you're right in that there seems to be little rhyme or reason to the price for the most part.  There were some major consumption events right after the dividend, and I expected to see more, but the Top of the World scores have certainly reflected cheap CAN (need to consume 3k+ to get near the top 5 now). 

Weekly housing markets report. These houses / land lots are for sale at the moment:

Borough 1
250 mil: https://cryptokingdom.me/land/lot/details/40
29.5 mil: https://cryptokingdom.me/land/lot/details/182
29.5 mil: https://cryptokingdom.me/land/lot/details/183

Borough 2
10 mil: https://cryptokingdom.me/land/lot/details/340

Borough 4
45 mil: https://cryptokingdom.me/land/lot/details/726

Borough 5
100 mil: https://cryptokingdom.me/land/lot/details/819

Borough 9
150 mil: https://cryptokingdom.me/land/lot/details/919
150 mil: https://cryptokingdom.me/land/lot/details/918

E1

Price       Amount      Player
9,000     9407035     Coinshop 

To just provide an idea of the sort of money flowing around...

This property was just sold for 2 BILLION M: https://cryptokingdom.me/land/lot/details/14

This was a prime 700 sqm lot with 105% macrolocation (which shows desirability of the land).

With the 10k M to 1 Euro peg in place, this is a 200k Euro purchase.

Additionally, here's a look at the hot wallet for withdrawals for CK:


These are people getting money out of the game and withdrawing BTC.