Topic: CryptoKingdom Uncensored - page 25. (Read 69696 times)

Pledge 10 xmr to the phoenix initiative.

I would prefer a different approach to raising the funds (small tax on M, sell proceeds OTC, everyone pays for the work), but if the fundraising goal is met through pledges all well and good. Most decentralized projects suffer from free rider problems, and looks like many CK players are not actively following, so some who might pledge may not know of Speed's proposal. Still, crypto types are libertarians,  so enforced taxation even for a 'good cause' can create bad vibes.

I suggest creating a fundraising asset on Agora to match donations, it would cost nothing to do, and would record who gave what. Benefits might accrue to holders of this asset at a later date (discounts, airdrops etc), and even without making any concrete promises, the possibility of future benefits plus the recognition would encourage more people to pledge.

deborah has sent me a message ingame. She probably wants to withdraw BO,but I couldn't see her message either. Probably because of the bug. So if someone knows deborah please tell her to send me a PM here on bitcointalk until the bug is solved.

In conjunction with the Phoenix Initiative, OldDuchy will be holding a raffle. Each 1XMR Donation to the Phoenix initiative will receive a ticket. 25 Billion M will be given to the winner.

I pledge 1000 S-PT (10% of Phoenix Trust).

Halfway there. Still waiting on those that pledged to pledge to pledge.

Do I get tickets for my PP?

In conjunction with the Phoenix Initiative, OldDuchy will be holding a raffle. Each 1XMR Donation to the Phoenix initiative will receive a ticket. 25 Billion M will be given to the winner.

My dudes... it is time.

The time to start fixing the underlying issues with CK and actually make it a game worth playing and investing in.

As a result I'm bringing forth a proposal for how this can be achieved, with your contribution. I intend to take on a more serious role, at least initially until better options come along and the ecosystem is mostly self-sustaining.

Introducing... The Phoenix Initiative, because originality is not my strong suit. <--- Click

For questions or suggestions, you know where to find me.

I'm thinking something like:

200 S-PT @ 1:1 XMR deposited (200 XMR)
200 S-PT @ 1:2 XMR deposited (400 XMR)
200 S-PT @ 1:3 XMR deposited (600 XMR)
200 S-PT @ 1:4 XMR deposited (800 XMR)
200 S-PT @ 1:5 XMR deposited (1000 XMR)

Based on whole number XMR amounts since S=PT does not have fractional amounts, so rounding down to nearest whole number integer.

So in each round minimum deposits for bonus would be:
Rnd 1 - 1 XMR
Rnd 2 - 2 XMR
Rnd 3 - 3 XMR
Rnd 4 - 4 XMR
Rnd 5 - 5 XMR

for example, in first round bonus period:
- if 0.7 XMR deposited - no bonus - floor(0.7)=0
- if 1.7 XMR deposited - 1 S-PT bonus - floor(1.7)=1
- if 1.1 XMR deposited - 1 S-PT bonus - floor(1.1)=1

So bonus would always be based on: floor(deposited XMR amount) * rate

That would mean at least 3K XMR deposited would get some bonus.

Maybe some measures to prevent gaming, like paying bonus after a period of time to prevent immediate withdrawal after the bonus received.

My dudes... it is time.

The time to start fixing the underlying issues with CK and actually make it a game worth playing and investing in.

As a result I'm bringing forth a proposal for how this can be achieved, with your contribution. I intend to take on a more serious role, at least initially until better options come along and the ecosystem is mostly self-sustaining.

Introducing... The Phoenix Initiative, because originality is not my strong suit. <--- Click

For questions or suggestions, you know where to find me.

I've created a new user, 'PhoenixTrust' ID: 2109, and transferred all of OZ & Hokusai's remaining real estate assets over.

https://cryptokingdom.me/player/playerItems/2109

Phoenix Trust also owns 5 chapelries which aren't allocated in the DB yet.

https://cryptokingdom.me/land/chapelry/6:E  [included in bounty for CKG asset on an exchange]
https://cryptokingdom.me/land/chapelry/6:NE
https://cryptokingdom.me/land/chapelry/9:N
https://cryptokingdom.me/land/chapelry/9:SE
https://cryptokingdom.me/land/chapelry/9:W

The current number of payouts for all buildings when added up equals 840,987,701 M per year, though this will likely be adjusted whenever payouts function again.

At current building material prices, the building costs of all the buildings adds up to roughly 62,354,016,000 M. This is based primarily around the BLD cost of 100,000 M which accounts for 80-90% of the building cost, and if you consider that BLD (to my understanding) is intended to be pegged to this price, then perhaps this can give some perspective on the potential value of the portfolio. Of course, that doesn't include the land value itself (as well as the fact that quite a few lots don't have buildings at all), and other various factors that could influence the price of any piece of land.

I agree there doesn't seem to be anyone with a lot of enthusiasm (and credibility) for following through on a big fundraise and failing that it isn't going to happen.

Part of a plan would be listing on an exchange, likely following the crowdsale. Some of the exchanges work closely with those doing token crowdsales to review and list tokens and will even run the crowdsale on the exchange itself. But again, it takes someone to actually work this out (along with the rest of the plan) with an exchange or it won't happen.

The point of the CKO for me in mainly governance, a structure to manage CK and make decisions. Any other 'benefits' would be nice if they can stay within the law, but not necessary for me. I've just learnt from my time in crypto that good projects often get bogged down in personality based in-fighting, and without procedures to resolve different opinions on important issues, a good investment can turn into a nightmare pretty quickly. I've seen it many times, and honestly, the best governance model I've seen in crypto so far is "benevolent dictator", and when it works everything goes well, but it's not decentralised, and not sustainable.

Bitcoin is a leaderless clusterfuck, but it's sustainable now, and not dependent on anyone, and that's probably why we all love it.

SuperNET and NXT are well oiled machines by comparison, but 100% dependent on benevolent dictators keeping their shit together and working 12-14 hour days without pay. If jl777 or Jean-Luc ever had a turn, or went under a bus they would implode within 24 hours, not because of tech concerns, but because nobody would be in charge anymore, and everything would grind to a halt in conflict. Other than bitcoin all the top crypto projects are dictatorships mostly, which is cool, but I'm actually looking for something more, I'm a decentralized idealist still.

Players will buy CKM to play the game, like a casino visitor buys chips when they enter, so they don't need a payout to buy them, just a good game that's well managed with healthy decision making processes.

Any chance of getting the initiative copied here or on some Google doc? I can´t open your Google Drive link without logging into a Google account.. I have no account and do not want one either

I agree (to a point), but doubt you will find a credible plan (and a reputable person to hold these funds) before the M asset is listed on an exchange. Also, I doubt very much many of those who are owed money by risto would like to see a 50% dilution. I doubt the political will is even there if we had a credible plan and a reputable person to manage the funds and their execution.

I never so much supported it so much as put it out there as a possible path forward, to raise a significant budget (likely millions of EUR if done right) to build the game into something a lot more valuable. It is up to the game owners (aka current M holders) to decide what to do. Yes, I'd want to see a plan and would vote my (small) share in favor of this approach only if there were a credible plan to raise money and deploy the funds effectively. Diluting just to dilute is pointless, but building the game into something a lot more valuable is not. No matter how much it is diluted, if the games value grows by more as a result, that is a gain to existing owners, not a loss.

So far no one wants to dilute the game as you do (smooth may still support it, but even he would want a plan), so my argument is shared--are we all argumentative pricks or are you resorting to ad hominem attacks.

So I don't understand how it looks like we are back to not wanting any dilution on M/CKM. All I did was organize the earlier discussions and move from 60% to 50% dilution and now the concept is terrible? Get a grip. And that 5%-10% crowdfund amount is a joke. No new person would pay for CKM when such a small amount is up for grabs.

What is maddening more than anything else is the complete greed here on assets that are more or less worthless. You don't want to take a haircut at all, but were just fine taking out more than enough to develop the whole damn game for everyone.

Really, the truth of the matter is that you just get off being an argumentative prick.

As for diluting M to pay for development. I don't want my value cut in half, and I'm sure those who are owed by risto don't want the ability to pay them back cut in half. Some smaller amount like 5-10% might be passable, but not half. And certainly not without a plan for where the funds go and who is managing them--right now, smooth, saddam and mooo are about the only ones I'd trust with that job.

For the moment no donations are being taken. If you are interested in contributing, a written pledge is enough until all the details are ironed out with the proper payment options.

"I am willing to invest 50XMR in the project." would result in adding +50XMR on paper to the initiative fund, and once the minimum amount is reached, the pledging parties will be contacted to collect the contribution.

My idea right now is to use the m3 depository and have the funds be transferred ingame to an account held not by me, or even held by Gringotts itself to be used for marketmaking, like how Kevorkian put his supply to use, and then withdrawn for a specific purpose that anyone can see: "Withdrawing 7.5XMR to pay 1 month salary for employee X" for example.

I don't want to hold the money if I don't have to, because trusting me to use it properly is enough and when the numbers get high enough, I don't want to paint a target on my back or awaken some unexpected temptations or whatnot. I'd rather let the safekeeping to the professionals.

Other options will likely exist. For example, iluvbitcoins said he'd pledge $1000 worth of Paypal funds. That works, because people will likely accept Paypal for whatever. So what will happen is when the need arises that allows for paying with Paypal, I will ask iluvbitcoins to uses those funds for that particular need. If the expense is something practical, like a piece of software or a service, you could even deduct it as your own business expense if you're into that.

I don't think centralization for this is necessary in these early stages, and perhaps not at all. Let's just figure out if we can raise the funds and then worry about how to actually get and use them.