Money Supply & Tokenization
Again, early stage thoughts here, but want to get a feel from the community. We have 4 trillion M units. On any token asset, I think for ease of comparison to pretty much any other crypto asset, 8 decimal units is the way to go. That means 1 "full" M blockchain unit will equal 100,000,000 in-game M units.
Here's a potential problem with that: we will only have 40k "full" blockchain units. (40000.00000000 OR 4,000,0.00,000,000). In the top 100 on CoinMarketCap, the smallest amount is GBYTE with 645k circulating supply, but 1 million total supply. Also, in my opinion, we need to keep in mind a scenario where the smallest "satoshi" level of currency (the decimals) is 1:1 to in-game currency, which is taken care of in this scenario.
Keeping all ownership positions in M the same, do we want to do a final multiplication to something higher than 40k units (or 4 trillion)?
Here's a recent visual on the world's markets:
http://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
Narrow money is around $40 trillion and broad money is around $100 trillion. 100 trillion M would get us to 1 million blockchain M.
Looking globally and rounding some:
Gold: 10
Stock: 75
Narrow + Broad Money: 100
Debt: 215
Real Estate: 220
Gets us to 620 trillion M, or 6.2 million blockchain M. And we haven't included derivatives or anything like that.
Honestly, we could even go for something higher that gets us to quadrillions of in-game like 10 million (1 quadrillion) or 100 million (10 quadrillion) blockchain units. That would get someone like Karl Hungus to a 100 trillion position, and since this whole Bitcoin business is supposed to start creating the world's first trillionaires, maybe CK needs to have this opportunity open as well
Again, early stage thoughts here, but want to get a feel from the community. We have 4 trillion M units. On any token asset, I think for ease of comparison to pretty much any other crypto asset, 8 decimal units is the way to go. That means 1 "full" M blockchain unit will equal 100,000,000 in-game M units.
Here's a potential problem with that: we will only have 40k "full" blockchain units. (40000.00000000 OR 4,000,0.00,000,000). In the top 100 on CoinMarketCap, the smallest amount is GBYTE with 645k circulating supply, but 1 million total supply. Also, in my opinion, we need to keep in mind a scenario where the smallest "satoshi" level of currency (the decimals) is 1:1 to in-game currency, which is taken care of in this scenario.
Keeping all ownership positions in M the same, do we want to do a final multiplication to something higher than 40k units (or 4 trillion)?
Here's a recent visual on the world's markets:
http://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
Narrow money is around $40 trillion and broad money is around $100 trillion. 100 trillion M would get us to 1 million blockchain M.
Looking globally and rounding some:
Gold: 10
Stock: 75
Narrow + Broad Money: 100
Debt: 215
Real Estate: 220
Gets us to 620 trillion M, or 6.2 million blockchain M. And we haven't included derivatives or anything like that.
Honestly, we could even go for something higher that gets us to quadrillions of in-game like 10 million (1 quadrillion) or 100 million (10 quadrillion) blockchain units. That would get someone like Karl Hungus to a 100 trillion position, and since this whole Bitcoin business is supposed to start creating the world's first trillionaires, maybe CK needs to have this opportunity open as well
Last time we discussed it we went with 6 decimals places and 1 CKM token being a million M.
I've made the token but PJ never delivered the deposit page.
1 CKM = 6 decimals
1 CKM = 1 million
And the supply is a lot more 'normal' with 4 million rather than 40 000.
Looks good to me, if we're going to have 8 dec places on external exchanges, which makes sense, then having '1 "full" M blockchain unit will equal 100,000,000 in-game M units' makes sense too.
I like round numbers, so maybe 10 mil blockchain M with 8 dec places, so 1,000,000,000,000,000 in-game M , i.e. 1 quadrillion game M
I like round numbers, so maybe 10 mil blockchain M with 8 dec places, so 1,000,000,000,000,000 in-game M , i.e. 1 quadrillion game M
Makes sense, but we'd have to multiply the current balance then, since we currently have 4 trillion M, that is the reason we wanted 4 instead of 10.
Guess we could really round it up, shouldn't be hard to code that I guess, but is it really necessary?
I believe the 6 decimal, 1 CKM = 1 Crypto Kingdom Million (Markka) solution we went with is still a viable option.
And a more logical one.
Quote
Idea here is that we don't want people dying, losing their accounts, etc. as in the past.
With this I agree, I hated my char dying so I paid some XMR to buy a FOC account.
With the XMR price now, it was quite an expensive account xD