Post
Topic
Board Altcoin Discussion
Re: CryptoKingdom Uncensored
by
papa_lazzarou
on 08/05/2017, 16:55:18 UTC
Quote from: Bitcoin Forum
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Quote
It is interesting that this echoes my rambling in ##crypto-kingdom early today.

Quote from: papa_lazzarou @ ##crypto-kingdom
09:56 < papa_lazzarou> what happened is CK was that risto created the impression that he would honor his commitments, as he had done many times before
09:56 < Marquess_Loaf> old CK token was "dead money" in the sense that you could only get dividends off of it (and their weren't as many compared to when
                       game was active)
09:57 < papa_lazzarou> the proposition of withdrawing b1 /BTC created an arbitrage oportunity when you considered M3 price in M
09:57 < Marquess_Loaf> so your CK became a spendable token for in-game purposes
09:57 < Marquess_Loaf> and then if you wanted, you could take that new M and withdraw even more
09:58 < Marquess_Loaf> so not sure what was really withdrawn and paid via B1, but it was like 500 BTC i think?
09:58 < Marquess_Loaf> and then for XMR, that was essentially 60k+ XMR withdrawn
09:58 < papa_lazzarou> many of us took up that deal assuming this was part of the plan, as it would create a downward pressure for both M3 and B1, and eventually get Ck market cap equal for all depos
09:59 < papa_lazzarou> and then the guys stoped paying arguing he does not care about his or other people's money

09:59 < Marquess_Loaf> yeah me too (on e1)
09:59 < Marquess_Loaf> wanted to buy back via b1 or m3
10:00 < papa_lazzarou> what makes me even more upset is that those who trusted him got burned and those who did not got a load of Monero.
10:00 < papa_lazzarou> and that's that.