Quote from: CrazyLoaf on May 19, 2017, 11:14:26 PM

Quote from: boomboom on May 19, 2017, 09:36:54 PM

Quote from: Karl Hungus on May 19, 2017, 01:10:34 AM

Congratulations to goin2mars, and the Gold Ring auction winners!

Thank you for supporting Gringotts fund raising!!

Gringotts update:
Fund raising for Gringotts is going very well, further auctions will continue weekly.

The manager position for Gringotts is still vacant. To interest the best possible candidates, it is best to wait for complete resolution of the b1 situation first, and to know whether the official depository will re-open before proceeding further.

As mentioned previously, my preference is to have the manager make all operational decisions themselves, they will run their own shop, and thus, they will keep all withdrawal fees.

My return will come from market making only.

Will Gringotts be trading other items as well, or just deposit shares?

I've always thought having the main market maker account controlled by the GM, who is also the largest CK whale was a bad look. If Karl Hungus sells off his characters and takes over as the game liquidity provider for the most heavily traded items it would remove the previous 'perception' of possible conflict of interest, and that's got to be good for the Game.

This is a good idea in my opinion. Actually, I'd potentially be interested in turning over a good portion of my consumables and other items over to a manager or managers for market making as well.

Thank you both for these suggestions!

I don't want to rule anything out at this stage, but my main goal with Gringotts is to support reliable and trustworthy on/off ramps for other crypto currencies into and out of CK, and I want the option of market making for a number of coins, maybe from more than one depository, so my first priority will be ensuring sufficient M to cover that without too much risk of falling short. If things go well, and there is enough M to market make for other in-game items then that is something I would consider doing, and if the official Game depo opens up again then the liklihood of having the resources is a lot greater. Other players may choose to MM for particular in-game items, and I don't want to crowd other players out from those opportunities.

The final decision on what depo coins are offered will be made by the depository manager(s), but I strongly favour fungible coins myself, so in the long term it's possible Gringotts might market make for BTC, XMR, AEON & BBR. If a player with good reputation and experience securing large crypto holdings wanted to accept DASH or ETH or zCash I would not be against that either, although my personal preference is for 'digital cash', I don't want to know where the deposited funds came from, or where withdrawn funds are going to.

The optimum situation for the Game is to have the ability to hot boot new people into depo manager positions without too much trouble, and that probably means separating depo operations from market making, so I'll seriously consider supporting any depo share token if the supporting manager has both good trust levels, and demonstrated experience securing crypto funds. I've been hacked too many times (3 times in 5 years), so I can't with good conscience offer myself as a credible depo manager.