I'd like to play this game. Shouldn't we start an 'Market' thread to keep this 'Theory' thread and the 'Blockchain' neat?
Bytemaster: RE: Simulation :
1. "minting" currency is not defined in your game rules.
2. In fact again the actual rules of the BitShare system is not defined. Your "rules" just define how we issue buy sell orders.
3. Choosing Mt. Gox exchange rate is just going to delay and obfuscate the situation. Its theoretically (and practically when you look at crypto currencies) possible for the exchange rate to vary by 90% in weeks. But I don't want to play this game for an entire year just to prove a point. And just to remind you, the point was NOT to make money, but to prove that crypto-USD does not track USD relative to BitShares.
Please respond to my prior posting. You have offered the 10BTC bounty. Now you are changing the rules AGAIN, with this endless game.
Agree with this; the 10BTC bounty should stay here. Its still ultimately up to OP if he isn't convinced.
I will create a market thread for the game, that is a good idea.
I am open to suggestions on how we can establish the changes in the exchange rate. After each transaction is 'committed' you get to pick a direction +5% or -5%. However, you only get to pick the direction again after 5 other players have had an opportunity to pick the direction. Therefore, you all can conspire to work together or defect and attempt to move it in different directions. My only concern is that if we pick something that doesn't accurately reflect real market behavior then we may need to refine this aspect of the experiment.