Topic: CryptoKingdom Uncensored - page 42. (Read 69560 times)

Good thinking @KH, I remember the NXT ponzi scam asset craze too, one post noobie users could start an asset for 1k NXT fee and be selling ponzi shares within a few hours, then exit via an exchange dump whenever they felt they'd made enough. The community tried starting an auditing service, but it failed in the end. More than half NXT assets were scams, but many quality ones too, and some are still going today.
https://nxtforum.org/assets-board/(ann)-nxtinspect-the-first-cryptoaudit-service/

With CK it would be easy to restrict asset creation to higher user levels (nobles only), and could even use a bond system, so auditing of asset creators is baked into CK already. Good way to get people using M!




I add another bid:

100 @ 5mil M / Kevorkian::979

Thank you Risto, it is good to try and resolve this situation while there is still time. You owe me nothing inside the Game, or outside the Game, and I made all my decisions freely using the information I had at the time, so I have nothing to complain about.

I am sympathetic to your argument regarding your loss of 50K XMR which was withdrawn from the Game during the 'panic', and the huge opportunity cost to you from the 1000's of unpaid hours you spent working on Crypto Kingdom since October 2014. You have lost more than anyone else from your involvement with CK!

Those who withdrew from the Game however, did so under the rules, and given the high exchange rate created by the artificial peg, coupled with the sense of 'panic' about the future of the Game, it's hard to blame people for seizing an opportunity to make a huge windfall gain when it presented itself.

I can't make much comment about the 'debt' issue as it does not effect me, but I do acknowledge that the bitcoin value of those debts was accrued at a time when the value of CK was artificially high, but that was due to the E1 peg and embassy setup etc, and as they were your decisions, it's difficult to argue that the debts aren't valid. From my perspective it appears the only way forward is via a compromise - yes, the b1 debts are valid and were incurred under the rules of the Game, BUT, yes, Risto has already lost a substantial amount, and probably made 'bad' decisions during a period of high stress.

I wont offer any suggestion for a compromise solution myself, but I will say that I still believe in the potential of Crypto Kingdom as a multi-purpose crypto platform for all manner of 'interactions', some based on the Game itself, but others based on the wider cryptosphere. In time I would like to experiment with an 'M' based crypto investment fund, and possibly an 'M' multipool so people can literally mine 'M'.

We have a fee free market place with assets & dividend functionality, we have in-game communication, we can restore deposit and crypto exchange capabilities soon, and we have secure exit points from our ecosystem, which can prevent 99% of scammers. The reason the NXT asset exchange failed was not because it didn't work, but more due to the number of scams, BUT, it did show the potential from having a market to trade assets, and people used it to start many collaborative funds for trading crypto coins & forex, & PoW mining. There is nothing stopping any of us from using Agora to start similar projects, and what we lose in 'decentralisation' we make up for with scam free controlled exits.

Anyway, I have no other option than to continue with the Game, I 'own' a significant stake, and I feel genuinely optimistic about the future. When iluvbitcoins opens up the new depo there will be many players wanting to 'exit', BUT, there *might* be new players (and old players) wanting to 'enter'. I disagree with your statement in the other thread Risto -


I believe the Game is not destroyed, and it's current value is unknown, but its potential is still high.

I will not tell anyone else what to do, but I hope cool heads prevail, and a compromise is reached that results in Risto getting his accounts back, and the debt issue being resolved.

Peace to you ALL!

The Kingdom morns as it honors His Great Legacy,

Crichton

I AM sad for the Duke of OZ who died too young to see the harmonious new world. My own health is also ailing and HH The Archduke Paul feels similar. (Please see the CK:U Game Thread for proposal of final resolution of all financials.)

HSH The Duke of OZ is dead!



All his remaining possessions are taken to Gringotts and locked inside their vault ('OZ-Vault' id: 2113).

At the moment of his death the 'Voice' was heard to speak:

"Though OZ is dead, his spirit lives on through the 'Luminiferous Markka', the medium through which all Crypto Kingdom energy flows and propagates. Do not weep for OZ, he lived a good & happy life, and was ready to meet his maker. You honour his memory every time you transact in peace and harmony using 'M' "

Current Situation

  20 @ 3.0 mil M / speed::1273
  25 @ 2.3 mil M / Odin:: 1001
250 @ 2.25mil M / Mooo::88
100 @ 2.2 mil M / Kevorkian::979
200 @ 2.2 mil M / HMC::130
100 @ 2.2 mil M / speed::1273
305 @ 2.1 mil M / Loaf::680

----------------------------------------------

695 @ 2.1mil M / Loaf::680


If the auction would end now, the price would be 2.1mil / S-PT

edit: Auction will end in 4 days @ 10 PM on July 24 UTC

 250 @ 2.25 mil M / Mooo::88

 25 @ 2.3 mil M / Odin:: 1001

Current Situation

  20 @ 3.0mil M / speed::1273
100 @ 2.2mil M / Kevorkian::979
200 @ 2.2mil M / HMC::130
100 @ 2.2mil M / speed::1273
580 @ 2.1mil M / Loaf::680

----------------------------------------------

420 @ 2.1mil M / Loaf::680


If the auction would end now, the price would be 2.1mil / S-PT

Speed (#1273)

100 @ 2.2mil M and 20 @ 3mil M

Our hearts and prayers are with The Great Duke of Oz. May He find comfort and love in His time of need as He has given The Kingdom in its hours of need,

Crichton

HSH The Duke of OZ has slipped into a coma, his physician says he will expire within 48 hours.



All remaining gold/silver items, coins, Art & Ming Buddha's will be put into a trust account controlled by unicorn corp when OZ passes.

Other items (some doors, windows, Italian furniture, silver cutlery) will be sold into best bids within 48 hours.

Current Situation

100 @ 2.2mil M / Kevorkian::979
200 @ 2.2mil M / HMC::130
700 @ 2.1mil M / Loaf::680

----------------------------------------------

300 @ 2.1mil M / Loaf::680


If the auction would end now, the price would be 2.1mil / S-PT

This is an interesting development

200 @ 2.2mil

Current Situation

100 @ 2.2mil M / Kevorkian::979
900 @ 2.1mil M / Loaf::680

----------------------------------------------

100 @ 2.1mil M / Loaf::680


If the auction would end now, the price would be 2.1mil / S-PT

100 @ 2.2mil M / Kevorkian::979

help?

why I didn't won anything?

Thanks

edit: i only used reroll once

1000 @ 2.1mil M / Loaf::680

Announcement:: Phoenix Trust Auction

Gringotts is selling the first 10% of Phoenix Trust shares (S-PT) in a dutch auction, i.e.1000 shares.

Bids are to be given in the following format: "quantity @ price in M per share / CK player name::ID".

For example "10 @ 5M / OZ::26" , bid total in this example would be 50M

Earlier bids win over later ones @ the same price, and all winners pay the same amount per share

No end time is placed on the auction close now, at least 48 hours notice will be given, some players may not be checking this thread as regularly as before.

Thanks, I'm happy to have the opportunity.

For anyone interested in discussing a building or lot in the future, feel free to message me on Bitcointalk or on IRC.