Post
Topic
Board Announcements (Altcoins)
Re: [ANN][WOLF] InsanityCoin - coin for investors and traders
by
InsanityDev
on 02/03/2014, 22:04:34 UTC
Quote
..mining..
You can mine to support the network, but no reward will kick in until after the 9 weeks. It is a legit blockchain though, just setup your daemon or qt as normal, set rpc port, and get scrypt mining.

Now that our second Insanity Sunday is over, I have a question regarding the big investors.
You mentioned they would be holders and obviously they wouldn't just invest out of goodwill.

So, you must have told them something about your future plan, something besides the basics that you mentioned earlier.

Indeed, total large investment secured is 100 BTC / 100k WOLF over a few weeks, with some others who know me personally holding smaller amounts for the longer term as well.

These people have seen my prototypes for features over the past few years, and their investment can be seen as a vote of confidence in me personally I guess.

Now that we are entering the mid-game, would now the time to enlighten us with your future plans?

It will make a big impact on peoples decision whether to continue playing every week.
If there is the risk that I can't get rid of my WOLF with profit on Sundays, I'd like to have a positive outlook on the future of the coin.

I'd love to enlighten you all, I have mentioned several things in previous posts on this thread. There are a number of features which will potentially be rolled out, in which order, or which ones make the cut remain to be seen.

Generally, I'll be looking at migrating crypto currencies over to the web, first by boostrapping a number of key elements like the block chain, mining (in browser, perhaps as an alternative to the advert sponsored web), secure browser side web wallets & extensions, anonymous key pair authentication, distributed exchange, trade chains (like block chain but for exchange trades over different block chains), etc.. then there's the other side (wolf pack) which could cover anything from a decentralized whale (pack of traders voting on which trades to make acting as a whale, gamified), voting with currency and similar

So that gives a rough idea, I've been prototyping and planning for a few years now, my choice came down to creating a monster all in one like vitalik has with ethereum, or doing things iteratively on a working coin, adding features naturally so people can see their utility (or non-utility). I felt there was a need for a trading game, or coin that wasn't held by miners, and one thing naturally led to another and this felt like a natural path for me to take.

First though, comes the website and utilities on it to get measures on WOLF (coin supply, results, pot size, perhaps automated issuing of coins, etc), working on that this week.

n.b. there is a proper test chain also to test features on.

hope that helps.

edit: please do bear with me, we're only 14 days in though, it's been huge so far, I've done 300 posts,  30+ pages of in depth discussion, even more pms, over 100 traders and investors, 300 BTC of business, organised trading events, planning, maintenance etc, it's growing exponentially fast, and taking up 20 hours a day at the minute. I'm doing my very best to ensure this goes well for all.