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Topic: CryptoKingdom Uncensored - page 30. (Read 69696 times)

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
August 21, 2017, 11:10:45 PM
What if CKM was actually Crypto Kingdom Million?
Every CKM would be 1 million Markka ingame
That would work. It highlights that part of play and keeps the in-game supply the same.

Well, that was simple  Cheesy Cheesy
We need to brainstorm more xD
Also, thanks for sticking up for the gameplay.

If there is 4 trillion Markka right now, dividing it would yield 4 million CKM.
A reasonable amount and pretty easy to deal with

Do you guys agree on this or think there should be a further adjustment of the supply?

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
August 21, 2017, 11:08:19 PM
Three characters' possessions have now been sweeped to a holding account:

sando and krissu for massive abuse of the starting CAN, by creating dozens of throwaway accounts to farm CAN
asmodian for exploiting a bug in the jewel editor and selling the resulting new gold, etc

I'm not sure WHY you are posting this over and over or why you need a noob account?
hero member
Activity: 763
Merit: 534
August 21, 2017, 10:30:43 PM
I believe in ETH ERC20 you can specify the number of decimals, so if you went with 6 decimal places (so that the full unit equals 1 million), that is 4,000,000.000,000, so 4 million in full coins. Whatever is decided in terms of decimals or total coins, you need it where the "satoshi" unit equals one in-game unit of M. I think this would be easier for investors to understand and for anyone to implement technologically speaking. We don't want to have to worry about "dust."

With 6 decimals, we could probably do from 4 trillion or 1 quadrillion without issue (1,000,000,000.000,000 is 1 quadrillion or 1 billion "full" units). 100 trillion is 100 million. Really it's up to the community to decide on the amount outstanding. Could of course even have a reverse split to a smaller number of coins if wanted.

Any reason to do ERC20 instead of ERC23, as was initially mentioned?

Also, yes, while the ticker could be CKM, we don't have to identify what "M" is in terms of the coin name or branding. I think just "Crypto Kingdom" is fine as the token name. You can see in bold that we get the initials from the name of the token.

Yes, ERC23 is not accepted by most exchanges, it might be smarter to move with ERC20 as it's a standard token.


True, also the ERC23 improvements seem mainly related to smart contracts for the purposes of fund raising, which we don't need in the CKM token itself.

Is everyone game for 4 mil coins with 6 "satoshi" units and a 1:1 relationship between the "satoshi" and the in-game M as it is now? That is what this token is currently.

I am guessing, due to the editable nature of ETH/ERC20, amounts can be changed later, but if there are economic and game related reasons for a larger coin supply, now is the time to do it when it is easiest.
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
August 21, 2017, 07:32:48 PM
I believe in ETH ERC20 you can specify the number of decimals, so if you went with 6 decimal places (so that the full unit equals 1 million), that is 4,000,000.000,000, so 4 million in full coins. Whatever is decided in terms of decimals or total coins, you need it where the "satoshi" unit equals one in-game unit of M. I think this would be easier for investors to understand and for anyone to implement technologically speaking. We don't want to have to worry about "dust."

With 6 decimals, we could probably do from 4 trillion or 1 quadrillion without issue (1,000,000,000.000,000 is 1 quadrillion or 1 billion "full" units). 100 trillion is 100 million. Really it's up to the community to decide on the amount outstanding. Could of course even have a reverse split to a smaller number of coins if wanted.

Any reason to do ERC20 instead of ERC23, as was initially mentioned?

Also, yes, while the ticker could be CKM, we don't have to identify what "M" is in terms of the coin name or branding. I think just "Crypto Kingdom" is fine as the token name. You can see in bold that we get the initials from the name of the token.

Yes, ERC23 is not accepted by most exchanges, it might be smarter to move with ERC20 as it's a standard token.
hero member
Activity: 763
Merit: 534
August 21, 2017, 05:53:11 PM
One of the points of the game is you get to roleplay as High-roller--I don't think I get to be a millionaire in fiat unless the game retains those aspects.

What if CKM was actually Crypto Kingdom Million?
Every CKM would be 1 million Markka ingame

I believe in ETH ERC20 you can specify the number of decimals, so if you went with 6 decimal places (so that the full unit equals 1 million), that is 4,000,000.000,000, so 4 million in full coins. Whatever is decided in terms of decimals or total coins, you need it where the "satoshi" unit equals one in-game unit of M. I think this would be easier for investors to understand and for anyone to implement technologically speaking. We don't want to have to worry about "dust."

With 6 decimals, we could probably do from 4 trillion or 1 quadrillion without issue (1,000,000,000.000,000 is 1 quadrillion or 1 billion "full" units). 100 trillion is 100 million. Really it's up to the community to decide on the amount outstanding. Could of course even have a reverse split to a smaller number of coins if wanted.

Any reason to do ERC20 instead of ERC23, as was initially mentioned?

Also, yes, while the ticker could be CKM, we don't have to identify what "M" is in terms of the coin name or branding. I think just "Crypto Kingdom" is fine as the token name. You can see in bold that we get the initials from the name of the token.
legendary
Activity: 2324
Merit: 1035
Not your Keys, Not your Bitcoins
August 21, 2017, 03:02:01 PM
One of the points of the game is you get to roleplay as High-roller--I don't think I get to be a millionaire in fiat unless the game retains those aspects.

What if CKM was actually Crypto Kingdom Million?
Every CKM would be 1 million Markka ingame

I think that's a great idea. Trillions of tokens would create too much supply,the spread problem and also we should be able to use those 8 decimals.

*Baron ChrisPop thumbs up!
legendary
Activity: 2968
Merit: 1198
August 21, 2017, 01:27:59 PM
One of the points of the game is you get to roleplay as High-roller--I don't think I get to be a millionaire in fiat unless the game retains those aspects.

What if CKM was actually Crypto Kingdom Million?
Every CKM would be 1 million Markka ingame

Has nice historical precedent with moneritos
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
August 21, 2017, 10:05:49 AM
What if CKM was actually Crypto Kingdom Million?
Every CKM would be 1 million Markka ingame
That would work. It highlights that part of play and keeps the in-game supply the same.

Well, that was simple  Cheesy Cheesy
We need to brainstorm more xD
Also, thanks for sticking up for the gameplay.

If there is 4 trillion Markka right now, dividing it would yield 4 million CKM.
A reasonable amount and pretty easy to deal with

Do you guys agree on this or think there should be a further adjustment of the supply?
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
August 21, 2017, 09:58:50 AM
One of the points of the game is you get to roleplay as High-roller--I don't think I get to be a millionaire in fiat unless the game retains those aspects.

What if CKM was actually Crypto Kingdom Million?
Every CKM would be 1 million Markka ingame

 
One of the points of the game is you get to roleplay as High-roller--I don't think I get to be a millionaire in fiat unless the game retains those aspects.

What if CKM was actually Crypto Kingdom Million?
Every CKM would be 1 million Markka ingame


That would work. It highlights that part of play and keeps the in-game supply the same.
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
August 21, 2017, 09:53:43 AM
One of the points of the game is you get to roleplay as High-roller--I don't think I get to be a millionaire in fiat unless the game retains those aspects.

What if CKM was actually Crypto Kingdom Million?
Every CKM would be 1 million Markka ingame
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
August 21, 2017, 09:51:17 AM
I believe the coin should be designed for the game first, and for investor's perceptions second--I want a game were I'm a Billionaire, not a mBillionaire--so cut it to 400Billion, but anything under that and I'm invading someone and taking their shit.

EDIT: you could actually cut it to 100Billion and I'd still be a Billionaire, so that is the cutoff for the Bounty.


We'd still be in the top coins with the biggest supply, can we meet the demand dogecoin and byteball have?
Even if we do we'd still have issues.
Exchanges won't do the thing we do on CryptoKingdom.me, they won't show prices in millions, they'll show it in units and that's an extreme turn off.

Quote
The huge supply could be an issue as he pointed out, because the price on exchanges will be extremely low. That makes it difficult to trade when the spread is between 0.00000001 and 0.00000002 or even 0.00000000 to 0.00000001. In the former case the spread is enormous in percentage terms and in the latter case there is no bid because no one is willing to pay even one satoshi for a single M.

Another coin with a similar issue (Dashcoin; not Dash) but with not even as large a supply went with a 10000-1 reverse split specifically for this reason

This needs to be taken into account.

Wouldn't you like more to be a millionaire in FIAT terms than in a big supply coin?  Cheesy

One of the points of the game is you get to roleplay as High-roller--I don't think I get to be a millionaire in fiat unless the game retains those aspects.
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
August 21, 2017, 09:44:11 AM
I believe the coin should be designed for the game first, and for investor's perceptions second--I want a game were I'm a Billionaire, not a mBillionaire--so cut it to 400Billion, but anything under that and I'm invading someone and taking their shit.

EDIT: you could actually cut it to 100Billion and I'd still be a Billionaire, so that is the cutoff for the Bounty.


We'd still be in the top coins with the biggest supply, can we meet the demand dogecoin and byteball have?
Even if we do we'd still have issues.
Exchanges won't do the thing we do on CryptoKingdom.me, they won't show prices in millions, they'll show it in units and that's an extreme turn off.
Negative effects of the decrease are just psychological while the positive effects are physical and evident.
I believe it should be in our interest to appeal to investors since they are those who are going to increase the value of our holdings and bring attention to the game we all take part in.

Quote
The huge supply could be an issue as he pointed out, because the price on exchanges will be extremely low. That makes it difficult to trade when the spread is between 0.00000001 and 0.00000002 or even 0.00000000 to 0.00000001. In the former case the spread is enormous in percentage terms and in the latter case there is no bid because no one is willing to pay even one satoshi for a single M.

Another coin with a similar issue (Dashcoin; not Dash) but with not even as large a supply went with a 10000-1 reverse split specifically for this reason

This needs to be taken into account.

Wouldn't you like more to be a millionaire in FIAT terms than in a big supply coin?  Cheesy
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
August 21, 2017, 09:35:29 AM
NO. Micro transactions should be an objective and I don't want to pay 0.00000000000400 for CAN.


Bytecoin and Dogecoin are currently the coins with the biggest supply
They have 130 and 110 billions coins, we have 4 trillion  Cheesy
And their value is 0.00000029 BTC

µCKM is always an option and there's plenty of units for doing so ingame and easy trade


I believe the coin should be designed for the game first, and for investor's perceptions second--I want a game were I'm a Billionaire, not a mBillionaire--so cut it to 400Billion, but anything under that and I'm invading someone and taking their shit.

EDIT: you could actually cut it to 100Billion and I'd still be a Billionaire, so that is the cutoff for the Bounty.
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
August 21, 2017, 09:28:34 AM
NO. Micro transactions should be an objective and I don't want to pay 0.00000000000400 for CAN.


Bytecoin and Dogecoin are currently the coins with the biggest supply
They have 130 and 110 billions coins, we have 4 trillion  Cheesy
And their value is 0.00000029 BTC

µCKM is always an option and there's plenty of units for doing so ingame and easy trade
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
August 21, 2017, 09:23:46 AM

Another problem is that what is going to happen with leftover E1 and B1 now?  They should be transformed into Markka or M3.

My opinion is the debt will be settled with the sale of Ristos ingame assets after the game goes to the next level.

The decimal places maybe not, they can just be rounded down and people told not to deposit fractional amounts or they'll be lost (can be kept by the treasurer or donated to Town). The huge supply could be an issue as he pointed out, because the price on exchanges will be extremely low. That makes it difficult to trade when the spread is between 0.00000001 and 0.00000002 or even 0.00000000 to 0.00000001. In the former case the spread is enormous in percentage terms and in the latter case there is no bid because no one is willing to pay even one satoshi for a single M.

Another coin with a similar issue (Dashcoin; not Dash) but with not even as large a supply went with a 10000-1 reverse split specifically for this reason.

Quote
I would go for at least 1 quadrillion M with 1 "satoshi" = 1 M. So that is 1000000.00000000 or, with commas, 1,000,000,0.00,000,000. This way you don't have to worry about the decimal values being "lost" and also with 1mil "full" coins, you have a decent level of scarcity where you may be able to trade at a reasonable level. You could even go into the tens or hundreds of millions in "full" coins if needed and still be okay, but then you are talking about tens or hundreds of quadrillions of in-game currency.

Like I have absolutely no idea about this coin, but just was glancing on the top 100 of CMC for something I didn't know. NoLimitCoin: https://coinmarketcap.com/currencies/nolimitcoin/#markets. 200mil outstanding, $35mil market cap, and roughly $0.17 per coin value. If we went with the same amount of coins, that is only 20,000,000,0.00,000,000 or 20 quadrillion currency units. Not saying 20 quadrillion is the place to be, but it is just an example and honestly the number of coins outstanding should be discussed.



I don't see a problem with the decimal units, as it's even good for us if people deposit the fractions since they'll be a bonus for the Town.
The supply however, yes.
Hmm, I think it would even be more beneficial to pick a low supply, it's a better marketing strategy, you're easier to hit the eye and get people to notice you when one CKM is worth a 100$ than 0.000001$.
Also, you might be interested in dogecoin or bytecoin but as soon as you see 0.0000001BTC you don't even want to count the zeroes and as it's stated you won't even notice a 1000% rise in value.

Because of this purpose I was thinking 40k, only issue I saw is it would be harder trading ingame typing . after everything
But this is so easly circumvented as it happened in bitcoin, there are always units as micro, mini etc.
mCKM should become a thing ingame if its value rises extremely

For me it seems advanteges of the low supply outweigh those of the high supply as in marketing terms and ease of use
I would like to se 40 000 CKM with a shitload of decimal spots for growing purposes and that's it
Perhaps 400k would be the best,  it wouldn't be seen as extremely scarce, but it would be rare




NO. Micro transactions should be an objective and I don't want to pay 0.00000000000400 for CAN.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
August 21, 2017, 09:19:57 AM

1688 Army and Horse Promotions are Complete


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legendary
Activity: 2198
Merit: 1150
Freedom&Honor
August 21, 2017, 09:18:37 AM

Another problem is that what is going to happen with leftover E1 and B1 now?  They should be transformed into Markka or M3.

My opinion is the debt will be settled with the sale of Ristos ingame assets after the game goes to the next level.


The decimal places maybe not, they can just be rounded down and people told not to deposit fractional amounts or they'll be lost (can be kept by the treasurer or donated to Town). The huge supply could be an issue as he pointed out, because the price on exchanges will be extremely low. That makes it difficult to trade when the spread is between 0.00000001 and 0.00000002 or even 0.00000000 to 0.00000001. In the former case the spread is enormous in percentage terms and in the latter case there is no bid because no one is willing to pay even one satoshi for a single M.

Another coin with a similar issue (Dashcoin; not Dash) but with not even as large a supply went with a 10000-1 reverse split specifically for this reason.
Quote
I would go for at least 1 quadrillion M with 1 "satoshi" = 1 M. So that is 1000000.00000000 or, with commas, 1,000,000,0.00,000,000. This way you don't have to worry about the decimal values being "lost" and also with 1mil "full" coins, you have a decent level of scarcity where you may be able to trade at a reasonable level. You could even go into the tens or hundreds of millions in "full" coins if needed and still be okay, but then you are talking about tens or hundreds of quadrillions of in-game currency.

Like I have absolutely no idea about this coin, but just was glancing on the top 100 of CMC for something I didn't know. NoLimitCoin: https://coinmarketcap.com/currencies/nolimitcoin/#markets. 200mil outstanding, $35mil market cap, and roughly $0.17 per coin value. If we went with the same amount of coins, that is only 20,000,000,0.00,000,000 or 20 quadrillion currency units. Not saying 20 quadrillion is the place to be, but it is just an example and honestly the number of coins outstanding should be discussed.


I don't see a problem with the decimal units, as it's even good for us if people deposit the fractions since they'll be a bonus for the Town.
The supply however, yes.
Hmm, I think it would even be more beneficial to pick a low supply, it's a better marketing strategy, you're easier to hit the eye and get people to notice you when one CKM is worth a 100$ than 0.000001$.
Also, you might be interested in dogecoin or bytecoin but as soon as you see 0.0000001BTC you don't even want to count the zeroes and as it's stated you won't even notice a 1000% rise in value.

Because of this purpose I was thinking 40k, only issue I saw is it would be harder trading ingame typing . after everything
But this is so easly circumvented as it happened in bitcoin, there are always units as micro, mini etc.
mCKM should become a thing ingame if its value rises extremely

For me it seems advanteges of the low supply outweigh those of the high supply as in marketing terms and ease of use
I would like to se 40 000 CKM with a shitload of decimal spots for growing purposes and that's it
Perhaps 400k would be the best,  it wouldn't be seen as extremely scarce, but it would be rare


full member
Activity: 297
Merit: 100
August 21, 2017, 03:40:24 AM

Another problem is that what is going to happen with leftover E1 and B1 now?  They should be transformed into Markka or M3.
hero member
Activity: 763
Merit: 534
August 21, 2017, 12:14:09 AM
Okay, so you just went ahead and launched a token with 18 decimals? So there are 4000000000000.000000000000000000 coins? What are we going to do with all those decimal/fractional units? And, better yet, we won't even be able to trade at 1 satoshi or even 1 litoshi with 4 trillion coins outstanding. Fucking hell Huh I outlined how we could have 40k - 1mil coins outstanding and a 1:1 relationship for any decimal units.


Seems loaf has the utmost faith or why else would he push so hard for an asset that depended on PJ to help with the implementation, right?

Anyway...you won the darkside award with your well timed post ;P


I push hard for an asset as it is fucking stupid to be running a crypto game without a crypto token. Anyway, I have zero faith in PJ and think he has been massively overpaid for the quantity (i.e., minimal) as well as quality (i.e., horseshit) of development he has done. But since everyone raided the game for XMR and doesn't want to try to raise funds or hunt for a new developer, it looks like we just have Stockholm Syndrome and will keep using this same piss developer.

Do the extra decimal places have any negative effects?

The decimal places maybe not, they can just be rounded down and people told not to deposit fractional amounts or they'll be lost (can be kept by the treasurer or donated to Town). The huge supply could be an issue as he pointed out, because the price on exchanges will be extremely low. That makes it difficult to trade when the spread is between 0.00000001 and 0.00000002 or even 0.00000000 to 0.00000001. In the former case the spread is enormous in percentage terms and in the latter case there is no bid because no one is willing to pay even one satoshi for a single M.

Another coin with a similar issue (Dashcoin; not Dash) but with not even as large a supply went with a 10000-1 reverse split specifically for this reason.

I would go for at least 1 quadrillion M with 1 "satoshi" = 1 M. So that is 1000000.00000000 or, with commas, 1,000,000,0.00,000,000. This way you don't have to worry about the decimal values being "lost" and also with 1mil "full" coins, you have a decent level of scarcity where you may be able to trade at a reasonable level. You could even go into the tens or hundreds of millions in "full" coins if needed and still be okay, but then you are talking about tens or hundreds of quadrillions of in-game currency.

Like I have absolutely no idea about this coin, but just was glancing on the top 100 of CMC for something I didn't know. NoLimitCoin: https://coinmarketcap.com/currencies/nolimitcoin/#markets. 200mil outstanding, $35mil market cap, and roughly $0.17 per coin value. If we went with the same amount of coins, that is only 20,000,000,0.00,000,000 or 20 quadrillion currency units. Not saying 20 quadrillion is the place to be, but it is just an example and honestly the number of coins outstanding should be discussed.

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