Quote from: SockPuppetAccount on August 21, 2015, 08:50:57 PM

Quote from: terman45x on August 21, 2015, 04:56:50 PM

Quote from: sana54210 on August 21, 2015, 12:14:24 PM

Quote from: SockPuppetAccount on August 21, 2015, 08:45:19 AM

Quote from: terman45x on August 21, 2015, 08:01:34 AM

Quote from: ExcessTest on August 21, 2015, 07:51:23 AM

Quote from: terman45x on August 21, 2015, 07:47:53 AM

Quote from: SockPuppetAccount on August 21, 2015, 07:38:51 AM

Quote from: terman45x on August 21, 2015, 06:15:45 AM

I disagree. Do we really want millions of Chinese switching on Johnny 5? That sounds like a recipe for market chaos if you ask me.

Oh no, a market with millions of traders creating chaos?!?!??! Sounds like there would be a lot of volume and variance, why ever would we want that?

Sure, you guys can mock me all you want. But when CIRC suddenly goes above 120 k and the API at 'trex starts to melt from zillions of chinese traders pumping everything in site just scroll back and find this post.

Seeing as 0.5% of the total supply is required to unlock the traders panel, that makes a maximum (If the coin was spread so everyone had 0.5% each which would never happen) of 200 traders with access to the bot. not "millions" or "zillions" as you stated.

Dude read the tea leaves. Devs can - and will - change any of those figures at will if they want to allow the Chinese Hoards to swarm across the border. These devs are doing everything just right to make this the Monster Coin - you think this is not in the cards?

Zillions.

I'm guessing the talk of a standalone version of the bot maybe part of that plan. If someone can't afford to buy into either level of the lounges but still wants the bot, they can buy the standalone version for a reduced amount. If they sold a standalone version for even 1-2 BTC, which sounds about right and relatively affordable, the BTC can be used for auto-buying and burning CIRC. If a measly 500 people end up buying the standalone bot in the next year, thats 500-1000 BTC pumped directly into the CIRC ecosystem, so like 120,000$-240,000$ or so at current BTC price. Pretty much same plan ARCH had, but actually plausible because there is a larger market for trading bots than there is for floating triangles.

This is only the beginning too, and relatively conservative estimates. If the devs can and do deliver everything they have promised, the trading bot is just warming up the CIRC ecosystem.

I assume the plan is something along these lines. They could also just lower the price for the trader lounge, but then they could just dump their CIRC if they decide they don't want the bot anymore and it effectively becomes an indefinite bot rental for a deposit you can pull out at anytime. The plan I outlined would effectively transfer all the capital injected straight to the early adopters.

It sounds so simple and too good to be true so it will never work because nothing ever does with alts, so I guess I'll just dump all my coins right now, crash the market, and exit. Later guys.

My personal guess is that the devs have designed the whale lounge and trader's lounge as incubator areas to test their bot and get it bombproof. And when it is time (soon I believe) the egg will hatch and the dinosaur raptor bird will emerge. That is, a much larger distribution and revenue model than is currently being made public. Reading the features list of the RhinoHunter is like looking at an army going to war.

Well that's bass ackwards if you ask me. We are the ones that have bought and supported the coin, i see no reason why it should be mainstreamed for everyone to use it. I can see that the revenues would be huge, but we lose our competitive advantage. That's why I bought in anyhow. Someone is goon have to ELI 5 me why a zillion chinese traders using the CIRC bot is a good thing.

What do you mean competitive advantage? Lots of bots exist already and are in use which take advantage of many of the same techniques and tools implemented in the Johnny5 bot. Johnny5 is great because of it's UI and simplicity, it's made for mass consumption. It's a nice bot and has the potential for generating profit, but it's not some secret weapon that will allow CIRC holders to rip apart every alt exchange on the internet. If the plan I laid out is correct, we as CIRC holders get the bot included, and also benefit from direct injection of BTC into the CIRC ecosystem every time a copy of a standalone bot is sold. You are seriously overvaluing the bot as a trading tool if you think it is likely to lead to more profit for CIRC holders by keeping it to ourselves vs what I propose.

Exactly. How long are you going to hold 32K coins if the coin manages to reach $5?