Quote from: utopianfuture on April 13, 2014, 04:34:50 PM

Quote from: InsanityDev on April 13, 2014, 04:06:11 PM

Open Question: I feel like I'm missing something, throughout my involvement with crypto's over the last few years, it's appeared to me that all each trader really wants is PROFIT (a dumpless coordinated pump), with no surprise dumps from people who got in really low or miners, and where the coin ends up with solid buy support that incrementally backs up any natural rises from new people joining the coin, thus ensuring a profit and ensuring stability of holdings. I was and am quite sure that this phase of WOLF provides that, so very surprised that the response has been so low. What am I missing here? Is there an obvious hole/exploit in the plan I'm missing, or do other traders prefer to leave it up to chance with random-alt, or?

http://en.wikipedia.org/wiki/Free_rider_problem
http://en.wikipedia.org/wiki/Tragedy_of_the_commons
http://en.wikipedia.org/wiki/Game_theory

The uncertainty is the issue. If this plan had executed quickly (it's now been a week with no movement...which is a LONG time in the world of crypto. Everything is super volatile and the fact that nothing has happened in such a long time is rightfully scaring people) or had any kind of backing to it, then it may have worked. The fundamentals are sound and the issues with human nature that utopianfuture points out could have been mitigated had it moved quickly. But as you can see, people are worried that nothing will happen and their WOLF holdings will be worthless and that the other holders will sell for the remaning BTC on the buy side, and it pushed the price down. I'm partially responsible in that I sold some of mine into the .9 buy wall days and days ago (so now I'm "only" left with around 8000 WOLF) and I can't blame those who sold all the way down to .13 even though to me that's not worth it. But holders are pricing in the % chance they think this is going to work at this point and clearly some people are just trying to get out for whatever they can. And very few people are willing to buy in, because there's so much uncertainty that the dev has done a pretty poor job of mitigating.

It will take a buy up of the books below the .91 sell orders (about 5 BTC now) and then putting up the first buy wall to push the price up and then getting the next buy walls up, but even then, I anticipate people selling right through those very quickly.

In retrospect it would have been so much better to take the 80+ BTC from week 6's sunday and just used that for phase two rather than one last game play. Then I think it would have worked. Now, well, I'm not so sure.

hammer1

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