Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders
what day/time will you be executing the trades over the weekend? it should be the same each time so everyone can be prepared right?
also, will there be transparency for each trade week. So if you receive 50BTC this first week, how will we know you bought 50BTC worth of WOLF, and not 45BTC and pocketed 5 for yourself?
also, will there be transparency for each trade week. So if you receive 50BTC this first week, how will we know you bought 50BTC worth of WOLF, and not 45BTC and pocketed 5 for yourself?
You know what would be insane?
Tell everyone the buyback is on Sunday and then do it on Friday.
Just joking. But I must say, that so far this launch is going extremely well.
There is a Windows wallet, an exchange at launch and an interesting unique concept that is clearly defined and well communicated.
And despite the idea being insane, the business is handled professionally so far.
You have no idea how much I've already been tempted to do that. I wish I'd ignored requests to fix a time, however I can see how it's beneficial.
Regarding transparency, I can simply c+p the order history to the forum. Poloniex (staff or market history) could verify if there were any questions by anybody.
With regards to fixing a time, and how long it is, there is a trade off between whether this is a game of skill or random chance.
If the time was not fixed, or of a very long duration, then it is very much a game of chance.
With the time fixed, and of a shorter duration, it becomes a game of skill, a game of how well you can place your sell orders to maximise your chances of having your orders filled, whilst also trying to maximise your profit.
Personally, I prefer it being a game of skill, to have the time both fixed and of a short duration, maybe even shorter than it is now.