Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
ArticMine
on 01/04/2017, 03:57:10 UTC
OK it seems people are uninterested in the Markka (CK) pump.

Is there any way I can help you to make it possible to short it?

Is registering to Crypto Kingdom (takes about 2 minutes) a too big difficulty if you want to make a killing (not!) shorting Markka (it has pumped +1000% in 5 weeks now)?

Why is CK going off the XMR standard?  Doesn't that make Markka fiat, like WoW Gold?

If Eulora can keep using their BTC-based economy, why can't CK stay on XMR?

The main reason that Crypto Kingdom had to go off the XMR standard is that XMR is hard currency. By August of 2016 Crypto Kingdom had built a very large XMR denominated debt in the form of Consul Bonds (CON). This XMR denominated debt was the result of paying for among other things the development of the game. The equity, CK gold was, fixed effectively leaving only XMR denominated debt as the way to raise capital for development and improvement of the game. What had to occur and occurred was a conversion of the XMR denominated debt into equity since it was completely unsustainable. This was a accomplished by converting CON (XMR debt) into CK together with the voting / equity component of the old CK gold also into CK. The latest move is to use CK as the in game currency. The best analogy I could think of would be World of Warcraft or Second Life but where stock in Blizzard Entertainment, instead of WoW gold, or stock in Linden Labs, instead of Linden Dollars, was used as the in game currency.  This makes CK actually very unique since equity in the game itself is used as the in game currency.

My take is that the "CK pump" is to a large degree due to freeing Crypto - Kingdom from its XMR denominated debt albatross. In this way Crypto Kingdom would not be impacted by a crash in DASH/XMR which would likely wipe out a holder of XMR denominated debt.

Edit:  DASH/XMR https://poloniex.com/exchange#xmr_dash