Topic: CryptoKingdom Markets - page 4. (Read 9264 times)

Don't remember, but it was worth buying shares for approximately M*1,000,000 - M*500,000 each.

I own 25 shares:


404681 Dividend M3 1,250
404671 Dividend M  2,500,000
404663 Dividend M  25

What was it per share?

Very nice and long-awaited S-LL dividends finally

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

Borough 1
1000 mil: https://cryptokingdom.me/land/lot/details/14

Borough 2
240 mil: https://cryptokingdom.me/land/lot/details/363

Borough 4
15 mil: https://cryptokingdom.me/land/lot/details/724

Borough 9
15 mil: https://cryptokingdom.me/land/lot/details/943

Thanks, good tip!

If the agents are good at customer service like that, then I'm more than interested now.

If you contact someone there, they can get someone from localbitcoins to trade the e1 you GIVE them into euros and then btc to b1 and then GIVE the b1 to your account--or leave it in btc, but then you miss the opportunity to sell into the inflated b1 asks and keep your assets within the context of a video game.

Or you could wait for others to do this and watch the prices align via arbitrage working its magic.

Or lending is introduced and those who bought overpriced b1 and m3 get a reality check from shorters with enough foresight to see what eventually will happen by the first and second statement.

Putting legal matters to one side for risto operating as a money transmitter in estonia (which I have zero knowledge of), just trying to determine if everything hinges on the peg lasting long enough to get more players, or does this setup just 'work' now as an exchange desk for currencies.

If there was another option to withdraw EURO I would be sold, but in a crisis having to fly over and take cash through customs to exit makes this more of a whale thing, dolphins and up probably.

Would love option where agents took EURO and did bank transfer, or used courier service.

Saw this today, looks awesome for everyday use, maybe an agent could use it for inspiration
https://www.livingroomofsatoshi.com/?sc=xmr

Another one will go up (or not).

Even when euro/m wasn't at current position, there were arbitrage opportunities in b1 <--> m3.

Embassy or Agent, but how else would one get cash?

Check out how much of depo shares and m coinshop owns. Coinshop can't exit, but can ladder prices to continually favor its bottom-line.

Agreed

What is likely to happen when the EURO peg runs out?

Without the peg what would be natural price for e3 in M? How 'unnatural' is the peg in your opinion?

Is the only way to withdraw EURO in cash at ristos castle?

If player numbers don't increase, wont the likely result be a stampede into m3 and b1 with the last to exit taking a massive haircut?

Fascinating developments!

If anyone needs help understanding the recent market changes, this post from Risto helps immensely. I myself thought that the way the ckchart.cryptokingdom.me tool was calculating arbitrage was unclear and I was calculating my own price differential by hand. From Risto's post above, it looks like my process was close, but a step removed from the most efficient way to look at everything.

Naturally, this data changes all the time, but let's work with some current data.

In E1 (EUR), we have 10k M = 1 E1. [For ease, I am just going to say 1 EUR = 1 USD, even though the rate is 1.00 EUR = 1.06 USD roughly.]
In B1 (BTC), we have 35k M = 1 B1.
In M3 (XMR), we have 5.45k M = 1 M3.

Now the 10k M = 1 EUR is easy. For the others:

35k / 0.001 = 35mil M = 1 BTC [each B1 = 0.001 BTC]

5.45k / 0.01 = 545k M = 1 XMR [each M3 = 0.01 XMR]

Now we can take each of these and divide by 10k to see EUR equivalents for these currencies (i.e., what is potentially arbitrageable).

BTC = 3,500 EUR
XMR = 54.50 EUR

So now we have arrived at Risto's values. Naturally, these are well above the market rates for these coins elsewhere.

BTC = 3,500 - 1,175 = 2,325 / 1,175 = x1.97
XMR = 54.50 - 19.50 = 35.00 / 19.50 =  x1.79

So the 10k M = 1 EUR peg is key to all of this from the sense of ease of calculation. Before, I was converting to functional "1 EUR" equivalents in BTC and XMR, and calculating from there. So like a cross market exchange rate, but obviously the extra steps were unnecessary and I feel foolish ignoring the computational value of the peg. This way is much easier!

In the long-run, I would say this is certainly possible. Think of it like this. Say you own 1 share out of 100. We then split the stock where you now own 10 shares out of 1000. Has your % ownership changed? Nope. You just now have more "units" for more "fine tuning" of the price

If you look at stock splits for publicly traded entities, typically the market cap rises in response to a split even though, perhaps, nothing has changed functionally at the firm.

https://bitcointalksearch.org/topic/m.18493451

Some Loafy analysis on recent changes...

Main thing is we had functional units of Markka (M) yesterday of 600 billion. Today, 100 billion was "burned" by rpietila and his group, taking us to 500 billion total M. Functional units were then doubled (x2) to 1 trillion M, possibly for ease in future pricing/market making.

(Additionally, more "zeroes" makes users feel wealthier and more apt to spend in-game. Recall this as a selling point of Dogecoin, where everyone could be a millionaire.)

Previously, we discussed how there was liquidity for those with M wishing to sell for depository shares (BTC, XMR, Euro). Roughly 18k XMR and 2 million Euros were used towards this effect. Meaning rpietila was willing to go from items that have current perceived marketability to one that does not (at this point in time). Why would this be done? Well, the more M the CK market makers own, the more control they can exert over the markets.

Now at this point, those more familiar with the usual altcoin/"shitcoin" logic will wonder; where is the dump? Those monitoring CK and the related depositories (as well as the now announced 24/7 cash trading desk set up by rpietila "irl") will see that the game is now moving towards major market making on the part of rpietila and his group. How does Wall Street and the more "mature" edifices of the economy make their money? Market making; profiting from the spread. That is what is being done here.

So now we have an instance where there is an arbitrageable opportunity between BTC/XMR and Euro depositories for CK, on the factor of roughly x5 between the two. We have already created demand for the trading desk. A floor has been sent for 2,000,000 euros at 10k M by rpietila, meaning the price should move upward on E1 to M while the price moves downward from BTC and XMR to M. This can already been seen by those "feeling" richer as a result of the x2 multiplication of M selling into BTC and XMR depositories.

At the core, arbitrage speculation has been set on fire!

Inflation!  So if my M marketcap just doubled, should I be expecting the prices of depository shares and staple items to rise (nearly double) as well?

Due to wild market move I decided to increase my ASK on S-LL (Lucky Lion) to 20,000,000m. Don't forget that we are waiting for dividends also.
The one caveat of these shares is that they are mostly backed by m3 unfortunately. You never know.

E1 reevaluated at -5x, making live arbitrage against b1 and m3 an easy money maker--though you have to be where there is an e1/m exchange agent to make use of it. Sucks to be in the Americas.

And it's gone.

Only 134K left--I don't no what happens when it's eaten, but I'm prepped either way (although sideways would be boring).

The wall is almost eaten.