Topic: CryptoKingdom Uncensored - page 25. (Read 69481 times)

Someone would have to calculate the xmr/m3 value, but sure as long as the total tickets stays 150 and the Phoenix Initiative is funded.

Would probably be simpler to sell them and convert the M to M3.

Do I get tickets for my PP?

Gringotts depository is currently unable to process withdrawal requests requested ingame because of a bug in Crypto Kingdom (unable to enter any received messege).

If you wish to process a withdrawal, you'll need to contact me on bitcointalk.

Since sending messeges is available, I see NialofNine has contacted me again about his withdrawal

If anyone has any contact information from NialofNine, please contact him and tell him about the issue at hand.

I have sent him a messeges about the situation ingame, but if he's experiencing the same issues as I am (and believe CrazyLoaf said he did too?) he won't be able to enter the messege either.

I am currently leaving in a couple of hours for Pula, I'll be able to contact through my phone, however I'll have access to my PC around 17:00 tommorow.

I am sorry for the issues, however, it's beyond my power, dunno what the hell to do  

Notifying PJ about the situation.

Update:

I have contacted PJ and the PM shows without body in the database
Either it's a bug or NialofNine didn't provide an address
I believe it's the first one, anyways, I have no address to provide a payment to

In conjunction with the Phoenix Initiative, OldDuchy will be holding a raffle. Each 1XMR/100M3 Donation to the Phoenix initiative will receive a ticket (150 total). 25 Billion M will be given to the winner.

Gringotts Update:
I'll be paying the first batch of S-PT depositor bonuses in a day or so.

@ 1:1 rate

edit: I suggest depositing an even number of XMR if possible for remaining 1:2 rate, e.g 3 XMR @ 1:2 rate would be 1 S-PT bonus, same as depositing 2 XMR, but 4 XMR @ 1:2 would be 2 S-PT bonus

for 1:3 rate, make deposit amount divisible by 3  etc

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

I wish I could contribute more hard crypto assets like XMR, but I lost the vast majority of my crypto assets when I was hacked 12 months ago, and the rest had already gone into CK.




With mulu as Trustee, 10% of Phoenix Trust might end up generating a long term income stream inside CK if/when building payouts resume. A donation that keeps on donating, or just sell them off as needed.

I don't think a massive fundraiser is necessary or viable at the current juncture. In order for a million $ fundraiser to be legitimate, a structured development plan with a solid team that has already brought results is needed, as well as a functional governance and ownership system. Right now none of those are in place and likely won't be any time soon unless someone takes action.

My proposal is meant to solve these things, but if the ball gets rolling well with that, it would make a massive fundraiser even less needed.

Diluting people is never good, but as I said on irc, 50% of $10mil is better than 100% of 0, or $500kish that we have now. This still should only be done if it is decided to be the best option by the owners in whatever ownership model is in place. Right now there's clearly not a consensus, so the point is moot, and will probably forever be if the previously mentioned issues aren't resolved...

And once they are resolved, and if a monetization policy is implemented that can sustain healthy growth, then why even force capital injection at the expense of "founding" holders? If any capital injection should be done for development, it should be in exchange for privilege or opportunity in the things the dev team have produced and are running, within its ecosystem... by investing in CKM or whatever exchange token there is. So that would help holders rather than hurt them.


I agree with pretty much everything here.

In a recent discussion I articulated this:


It's a PDF and I'd rather not post the raw text, but I understand not welcoming the Google overlords. I've put up an alternative download link that should hopefully suffice.

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.

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.

What are you talking about. I only suggested 10% for Town in the bounty. I never suggested any more and never suggested anything for a crowd fund. I think you have me confused with someone else.

As far as the amount I took from the game, if 1/3 was enough to finance the game, then the 2/3rds I left in the game should be enough to fund the game twice over. I'm not diluting my share to appease you (please stop playing this card unless you want to retroactively change the rules and force people to keep their money in the game--we're all victims of risto, so stop acting like you are the only one-- it's self-righteous and petty).

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.

So pledges for the Phoenix Initiative are made here--wanted to clarify for all those who would like to donate.

Crichton pledges 5000 M3

 

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

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.

I don't currently have the time to read everything in detail since I have to leave tommorow for 3 exams on Friday  

I skimmed through the replies though!

My stands are :

I'm against any sort of dilution of CKM

The game needs a massive redesign, the GUI is terrible and won't keep many players
Designers and developers will make this game worth playing
It's an investment worth having

I'm okay with giving something to Speed for his efforts (ingame items too)
It has to be understood we're giving our money with no gains except the game doing well too, so the pay won't be much

CKO is a secondary issue, primary issues are GUI and CKM
Status quo is the worst thing that can happen to us

With the benefit of hindsight that would have been the way to start the game back in 2014, but it probably took Steem to show the wisdom of why. Yes, if risto had launched a cryptonote token with plenty of warning, and that became the game currency of CK then probably no need to worry about these issues today. Problem is rebooting CK like that today doesn't help the bagholders, but it makes sense!

I agree, % dilution should be the smallest amount needed to raise enough funds to achieve the starting amount of dev funding, then the game should become self sustaining from in-game mechanisms like taxes and running successful enterprises. I honestly don't know what that figure would be, but 10% of a CK with a healthy marketcap might be enough, whereas 50% of a struggling CK might be the same $ amount. That's why it's probably best if we all support Speed's initial reboot plan.

You still need a way to implement work, monitor that the work was done and be able to seize tokens if the work was not met. Can't imagine anyone wants to deal with the hassle on either side of the equation. NOW, if you implemented it as a backend mining of cryptonote token....that would be a more efficient proof of work, but an untradeable item as trading doesn't constitute work from the SEC's perspective.

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.