Hi people, well here is an idea i was throwing around and wanted to see if anyone would be interested and also see your opinions and maybe ideas to help better this idea as it is in developing stages so may have short comings i didn't think of... so here we go.. WARRING it's kinda complicated... lol I wanted to start Real Stock Exchange here on ECC with some adjustments and limitations that need to be put in place to suit Minecraft World. So, here is how it would work... I would choose (for starters) few stocks maybe 2 or 3. It being Minecraft I would likely choose Real Mining Companies stocks also they are most unpredictable and interesting to trade. Here is an example using real past prices to explain how it would work. Company is Goldcorp Inc. traded on TSX and they do .. well.. Gold... lol Initial price would be chosen it will be a closing price from previous day for this example i will choose April 25. Initial price $27.43 for ECC and Minecraft Purposes it would be changed to $2743 per share. (it happens to be Friday so trading would begin on Monday April 28) So on Monday trading would begin Price of $2743 would be used as previous day close. (You will not be buying/selling at this price) When Monday REAL WORLD trading finishes price would be announced and this would be the price at which you could buy/sell shares orders would be taken maybe... hmmm from 5pm to 8pm Now how would the price be calculated... INITIAL PRICE $2743 Monday events: Stock price dropped by -1.31% from initial price. (for minecraft it would be x5 and never change always x5 so actual change would be -1.31% x 5 = -6.55% PRICE FOR MONDAY: $2743 - 6.55% = $2563 (this is the price at which orders would be processed) NOTE : From this moment on our ECC price would no longer follow REAL MARKET price but it will always follow REAL MARKET gain/loss multiplied by 5. WHY MULTIPLY BY 5? Most "Normal" stocks seldom go up or down by more then 2% so it would be boring and uninteresting for Minecraft to make only 1% or loose only 1% that's where multiple of 5 comes in makes it more interesting. Lets use fictional player Andrewkm for this example... so lets say Andrewkm on Monday bought 10 shares for $2563 each total $25630 + fee %0.5 ($128) = $25758 MONDAY price: $2563 TUESDAY price change: +.48% x 5 = +2.40% new price $2563 + 2.4% = $2624 PRICE: $2624 WEDNESDAY price change: -.48% x 5 = -2.40% new price $2624 - 2.4% = $2561 PRICE: $2561 THURSDAY price change: +.18% x 5 = +0.9% new price 2561 + 0.9% = $2584 PRICE: $2584 FRIDAY price change: +2.36% x 5 = +11.8% new price $2584 + 11.8% = $2888 PRICE: $2888 WOW ! Friday was pretty good! so now Andrewkm sells his 10 shares for $2888x10 - fee %0.5 ($144)= $28736 Initial Investment $25758 sells for $28736, gain/loss = $2978 Gain over 11% in 5 days Yes I realize the GAIN isn't all that impressive over 5 days but it is also about something fun to do with your money other then lotto and it still better then most saving account. NOTE: Example above shows gain you must understand you could actually loose money! Well the above is just an example he could have lost his cape but he made few bucks. IMPORTANT LIMITATIONS Here are some important limitations i need to mention and player would have to agree to those and understand them. Spoiler: IMPORTANT LIMITATION If in previous example nobody else bough shares Bank has only $25630 (Andrewkm's initial purchase) to pay player so, $25630/$2888 = ~8 so bank can only buy 8 shares from player and pay them 8 x $2888 = $23104 player will still have 2 shares left so if someone does buy then bank will have money to pay the previous player for his 2 remaining shares. so as you can see it would depend greatly on player participation that's why i post it see the interest in it. These are the two ways I could try to implement to counteract this LIMITATION 1.Instead of filling SELL orders in order they were received I could combine them and then process everyone's order to a maximum percentage that i can pay out. At the price everyone wants to sell I can only afford from the pot to buy back 70% of shares then I would fill every players order up to 70% so they will still hold 30% of Their shares. This way no one is totally left hanging and other then fees no one really did loose money they just didn't profit yet and need to wait for new buyers to actually profit. HOWEVER! If one of the holders SNOOZED and did not file SELL ORDER they will be left hanging with an egg like EMAU mentioned. 2. If in 1 weeks time there are no new buyers and player(s) stuck holding shares was unable to sell them due to this reason The Bank on this 7th day will at its expense will offer to buy the outstanding shares from this player at this day's market price! This offer will be presented only once every 7 days when the player holding shares will be able to decide if they want to sell them to the bank. In addition the 0.5% fee will be waved. This is the only instance when Bank will become a shareholder ! These shares will be the first ones to be sold to new buyer and the 0.5% fee will also be waved for the value of this transaction. To prevent conflict of interest Bank and any Bonanza town owners and members cannot at any time own or trade shares. Both of the above seem fair to me in second case The Bank looses money which again I could deal with after all it was fun trying and i don't really wanna make too many enemies here LOL Spoiler: RULES still in making 1. You would have to agree to and understand all rules most importantly IMPORTANT LIMITATION 2. Orders would be taken 5pm - 8 pm and process start at 8:01 pm (all EST) on fist come first serve basis. Post on topic i would make a town thread where you could post your order simple as BUY 20 shares GoldCorp Inc. or SELL 20 shares GoldCorp Inc. whatever the case might be. 3. In the event a stock would become BORING (little gain/loss) Bank (I) could liquidate stock I would use the money invested in certain stock divide it by outstanding shares and offer holders the price. Price would be no higher then current stock price. 4. if stock really goes down and all players want to sell it there will be more money left in the sign then originally invested (you would sell for less then you bought) these money i could invest into another stock to prevent POINT #1 from happening where bank doesn't have enough to pay a player. and it could only happen if all stock holders wanted to sell sell the stock then the stock could be liquidated. 5. Accounts would be created see spoiler for into 6. sell your shares to other players YES ! why not, you could sell your shares to other players simply post in relevant thread (would create one) "SELL 20 shares of Company Name to Player Name" I "The Bank" do not care how much you sold them to the other player it is irrelevant to me, Seller would be charged a flat FEE of $50 for me updating share holders list. BUYER BEWARE if seller does not own shares you got ripped of, . If Seller does not have shares but has account and balance Bank will then take money from Seller Account + fee then transfer shares to the Buyer for a $50 fee payable by seller. 7. Shareholders list would be located in the bank form of signs Player name and how many shares they own and of what company. 8. Minecraft players will NEVER affect the price of the stock not matter how many you buy or sell, price is exact percentage gain/loss multiplied by a factor of X (in example above it was 5) of a Real World Market gain/loss Performance of a Real Company Stock. 9. This Multiplier will NEVER CHANGE! Once selected it will remain the same forever as long as the stock is traded on ECC. Different Multiplier can be chosen to make it interesting. Example average real stock change range is +/- 0.25% I would give a stock like this multiplier of 10 at least to make it +/- 2.5% otherwise it would just be boring and pointless. 10. All prices, gains and losses will be rounded to the nearest $1 respecting math rule for such rounding 0.01-0.49 rounded down to $0 and 0.50-0.99 rounded up to $1. 11. FORCED BUY BACK OF SHARES Bank has the right to liquidate all of the player's shares as long as the player is not at a loss, meaning Bank must pay the player at minimum current market price and extra if current price is below what the player has paid for the stock. In simple words Bank can buy all of your share as long as BOTH of following conditions are satisfied. a). Player will not loose any gain if he/she was selling willingly (if current price is higher then initial investment) b). Player will get all of his initial investment back (if current price is lower then initial investment) This Rule is there if for example if I no longer wish to run the Stock exchange, it is there for your protection and my ability to liquidate the stock. DISCLOSURE Spoiler: DISCLOSURE What will the "BANK" (I) do with the money? 1. Nothing! Meaning I will not use these money for loans or spend it. I make profit of commission %0.5, I was thinking of putting the money in the sign in the bank that would say "ECD Invested in Goldcorp Inc." and make a silly sign like sell 1 diamond to sign for $1 or something like that so nobody ever touches it. I will brake the sign to pay to players who sell shares and brake it to add money from players who buy shares. My intent is not solely to make money on it i think it could be fun.... 2. I read that keeping money in sign might not be secure I could keep in in my balance if it turned out to be a lot but I would go and agree with participating players on how money is stored. 3. Contract. If this idea has enough interest and it comes to be I would be willing to sign initial contract with all the players who want to participate and create their trading accounts. 4. WHY ACCOUNTS? To limit bids from trolls and not waste my time (no account your order not processed) I could also time allowing at the beginning spend some time and allow no accounts to place orders but it will all depend on level of interest. Basically I don't want to chase you so you pay for your order. Spoiler: TRADING ACCOUNTS During initial account creation player would be added to town and make 4 sell stick trade signs (I will even provide the signs and sticks free of charge ) 1st Sign Sell stick for $1 2nd Sell stick for $10 3rd Sell stick for $100 4th Sell stick for $1000 I would create similar where player would deposit money. After that player would be removed as town member but they should still be able to interact with all signs to both refill their signs with sticks from time to time and also buy sticks from my signs when paying for order etc.. When players sells stock I would simply buy enough sticks from his signs to total the amount owed to him TAKE a SCREENSHOT and that would be my proof that I paid them. When player uses my sign to deposit money if they buy stock or whatever they would do same then TAKE a SCREENSHOT and that would be their proof that they deposited money, I would take a screenshot also before withdrawing money for my record. Player then can come at anytime to withdraw his/her money as well as make payment for whatever stock they buy without both of us having to be on-line at the same time. That would be perfect and it will allow for safe money transfers between us both no need for any LWC. Warning would be posted for others to not interact with any signs that do not belong to them as no refunds will be given. (I will test it later but i think it will work just perfect.) FAQ 1. Will you rip me off and skip town or seek asylum on another server? NO! 2. I heard that before how can i trust you? I put a lot of effort into building a Bank that is both professional and wealthy looking. As well besides buying donating with ECD and/or coupons I donated my own real money for features so I do not feel to get perma-ban or even temp-ban for trying to scam you out of your ECD. 3. Can I at least see the Bank? Yes. /warp bonanza (Please Note bank is still under construction the purpose of this thread is to seek if there is any interest in this idea of mine) 4. When would it start? Depending on level of interest I could hurry up and finish the bank and prepare all necessary details with 2 weeks maybe less, again all depends on how many players are interested. That's a long post SORRY but i just wanted to explain as much as I can in OP and go from there see the interest... All comments/questions welcome... EDITED POST WITH FEW NEW RULES/SOLUTIONS and hope to make it little easier to read sources say @rohtvak emptied his medical cabinet and is now totally out of aspirin/Tylenol after reading through it. PS: I just checked turns out Andrewkm is not a fictional MC character ... hmm what are the chances? ...
So, just so I am understanding... *You* are the *bank* in this suggestion? We buy the shares off of you, and you pay us when we cash in? In addition to taking the money for the share, you are ALSO taking a 0.5% "transaction fee"? You would use real time values (adjusted as indicated) for all buying/selling? You would keep up with this daily. Everyday. With accurate prices? You understand that the stock market (in the long run) increases in value and this may be a negative sum game for the bank (you) with smart investors? Is this all accurate?
@Emau So, just so I am understanding... *You* are the *bank* in this suggestion? yes We buy the shares off of you, and you pay us when we cash in? Yes In addition to taking the money for the share, you are ALSO taking a 0.5% "transaction fee"? I do not actually take your money and call them "MY OWN" these would go into the "pot" if I may, of the stock they were used to purchase, these money would then be used to pay you when you decide to sell stock. 0.5% "transaction fee" this yes it would be MY MONEY You would use real time values (adjusted as indicated) for all buying/selling? Yes, real market closing gain/loss percentage would be used. Cannot use real price except for Initial DAY 1 due to the Multiplier that is in place to make it more interesting, but if the stock goes up 1% in real life it will go up 1% x "Multiplier" on ECC You would keep up with this daily. Everyday. With accurate prices? Yes, if for RL issues I cannot come and update price on time all orders made would still be respected and filled at the correct price for the day they were made. You understand that the stock market (in the long run) increases in value and this may be a negative sum game for the bank (you) with smart investors? I the BANK will never loose money as described in IMPORTANT LIMITATIONS: Point #1 Now, don't get me wrong I myself DO NOT LIKE what point number One is explaining where basically there is not enough money to pay the player because stock went UP and there is a lot more sellers then buyers. On the other hand it could be seen as there is not enough buyers for your shares, so next best is an offer to you when there is not enough money in the "pot" to pay you for your shares.. EX... Price/share is $100 after every one sells their shares there is only $33 left in the 'pot' and you still have shares left. 2 ways to solve it as your order was later then others who were able to sell therefore it cannot be filled a) as soon as someone wants to buy shares of this company your order will be first in line to be filled (should be done at next days price) b) I can offer to pay you whats left in the 'pot' for you remaining shares and liquidate the stock, or you keep shares until next person buys this stock as in a). One things I considered to combat this problem is to put my own 50k into the stock initially, than depending on the outcome I might withdraw it later on. OVERALL this IMPORTANT LIMITATIONS: Point #1 is a big down draw or a big -1 it would become less and less evident with time depending on stocks i chose. But as such is a limitation and its the best way so far i can come up with to combat that. ONE NEW RULE COMES TO MIND. FORCED BUY BACK OF SHARES Bank has the right to liquidate all of the player's shares as long as the player is not at a loss, meaning Bank must pay the player at minimum current market price and extra if current price is below what the player has paid for the stock. In simple words Bank can buy all of your share as long as BOTH of following conditions are satisfied. 1. Player will not loose any gain if he/she was selling willingly (if current price is higher then initial investment) 2. Player will get all of his initial investment back (if current price is lower then initial investment) This Rule is there if for example if I no longer wish to run the Stock exchange, it is there for your protection and my ability to liquidate the stock. As i said its an idea in making I would like it to be fun and fair for both parties. Is this all accurate? yup any more questions I be happy to answer always open to suggestions
As I understand the limitation you are describing, and applying it to the scenario below (simplified purely for the scenario), is the scenario and my assumptions accurate? I buy 100 shares of GoldRUs stock at $500.00 per share. It pay you $50250. You keep $25 and put the remaining 50000 in a sign designated "Bank funds". GoldRUs goes up to 1% (x5 for ECC means 5%). The stock is now trading, on ECC, for 525 ECD per share. No one else has invested (for simplicity sake only). I want to cash out and reap my rewards. I sell my stock back to the bank. The bank (you) only buys 95 of my stock ($49875) and tell me that the bank only has $125 left in reserve. I am unable to sell the last 5 stock until someone else buys in. Would this "worst case" scenario be accurate? I only ask because I know how stocks are valued over the long term. I am wondering on the sustainability once people start to withdraw their profits. You have isolated your profits so you never lose money, but I am afraid that on the first giant sell off, the "bank's fund" will be operating in the negative similar to a ponzy scheme. The only way this is sustainable is if people sell at a loss and I have a feeling that this kind of model is faulty. I could be wrong, but that is just my initial reaction. With that being said, I would be an investor. (I have a history of trying to fund new ideas at a personal ECD loss.)
Yes @Emau you are correct this is how it would work, I wish I could think of a way to prevent it other then me paying you for the remaining shares. Again I'm planning to do it for fun not for money really with my star pick I can make north of 20k without sticking my neck out and possibly upsetting people way more then I could ever make doing this exchange but it just seems fun even if I "the bank" was too loose money in the end. Well I'm still working on the bank hope got it finished by Friday and see maybe we give it a shot worst case scenario if you the only one who plays i just make sure that you don't leave with a loss. Until then I just continue thinking how I can improve that. EDITED Following will be in place if the point 1 of limitations (the most unfortunate one) should occur. If in 1 weeks time there are no new buyers and player stuck holding shares was unable to sell them due to this reason The Bank on this 7th day will at its expense offer to buy the outstanding shares from this player at this day's market price! This offer will be presented only every 7 days when the player holding shares will be able to decide if they want to sell them to the bank. In addition the 0.5% fee will be waved. This is the only instance when Bank will become a shareholder ! These shares will be the first ones to be sold to new buyer and the 0.5% fee will also be waved for the value of this transaction. To prevent conflict of interest Bank and any Bonanza town owners and members cannot at any time own or trade shares. There I think this is the most fair solution I can come up with, I "the bank" have 7 days to hopefully find the buyer for these shares and you the shareholder have assurance that you will not be stuck holding these shares forever and you will get a chance to sell them to the bank every 7 days if the price on that day is to your satisfaction. ALSO I might put money from all the stocks sold into one "pot" call it "money invested in ecc stock exchange" though not a solution, however it will at least postpone this from happening but then it is not the best solution and at the beginning I would prefer to keep them separate so I don't loose track of WTH is going on lol, So much legal Mumbo jumbo I'm afraid I'm just scaring people more then actually making it worth while LOL
This whole thing makes my head hurt, but only because I took to time to try and understand what you were saying :--/ It's fantastic idea, with a few major flaws: Firstly, players leave the server often (although not permanently usually) so we would have no way to retrieve funds if you stopped playing for whatever reason? Secondly, operating in this way (while not exactly at a "loss") is silly, the likelihood of a continuing flow of investors over time, adding more and more the fund is extremely low. So it's doomed to lose *someone* a lot of money. A possible fix for this might be to limit the number of shares bought to the amount the bank can currently pay back (similar the "Gold Standard"). Thirdly, I'm not sure LWC doors are totally impenetrable, in the case of just getting to a sign behind one. With just the right amount of lag, or glitch you could get through long enough to click the signs? Fourthly, In the case of everyone drawing money out at the same time and crashing the bank, maybe you could either: A.) allow only profits of stocks to be withdrawn for a certain period of time, and not the original investment (2 months?). B.) Tell players that you're not accepting withdraw orders until you see an upward trend in new investors? EDIT: I would Totally buy like 50k into this if it starts
Believe it or not, that is exactly what you would be HOPING and betting on if you invested. Because with the current model, that is the ONLY way you make money. Unlike IRL, this system is a closed system, so all your profits would be from other players' losses. Well, there is a second way. That is the game of chicken. Who cashes out first wins. So if we are both making money and I cash out first. You get left holding the egg. I'll stop commenting now, in order to protect my strategies/investments.
Well I'd not be hoping for that, even if I was hoping for profits. I hate seeing people lose vast amounts of money. I wish someone would come up with a model for minecraft that doesn't work that way. If ya ask me, the server needs another cash-generating add-on, that takes a lot of money to use. Something centered around the real-life stock market would be awesome, maybe some thing like "howthemarketworks.com" that uses the stock market as a game (that way we'd not have to worry about players quitting). It could be something that was only viable in Late-game, while having far less risk than lotto. It could work as a temporary money sink for the rather wealthy, like bonds or something.
Lol @Emau, yes this is correct as the orders would be processed on first come first serve basis. @rohtvak I will respond to you first post in more detail later tonight
I agree with that and this is why I made that rule where I would buy the shares from the players who could not sell them after 7 days. And make that offer every 7 days. It all revolves around that darn #1 limitation and the only true way to prevent is if stock exchange was run by the server owners who could pull money of nowhere if stock really went up and all ppl want to sell. But I wouldn't hold my breath it could be a lot of work. Real stock market has an implemented cure for that called bids/asks here I am the only one who could buy back shares and I really cannot come up with a way to include bids/asks if nobody else wants to buy yup this creates a problem so only fair solution is me buying that players shares on the 7th day if they want to sell. Let's not forget that for this problem to be massive stock would have to go up at least 60% or so with the multiplier sure they go up 5x or whatever was chosen but they also come down 5x. Lastly here we use 1 price for all transaction in real life if the stock cost $5 and you want to buy lots and lots of shares well In most cases you will drive the price up and forget filling in at $5 it will likely cost a lot more then $5 same goes for selling just the opposite way. Maybe I could instead of filling SELL orders in order they were received I could combine them and then process everyone's order to a maximum percentage that i can pay out say at the price everyone wants to sell I cam only afford from the pot to buy back 70% of shares then I would fill every players order up to 70% so they will still hold 30% of Their shares. This way no one is totally left hanging and other then fees no one really did loose money they just didn't profit yet and need to wait for new buyers to actually profit but if you do the math not one of these players lost any money at all they all got back their original investment and still hold shares which are pure profit as long as stock stays up or continue up and not fall below original purchase price and lastly there is a buyer! Big thing is nobody really lost any money except those who did not place sell order on that big sell off date.
@rohtvak as promised here is my reply This whole thing makes my head hurt, but only because I took to time to try and understand what you were saying :--/ I think the whole thing is super easy just the initial reading might be trouble some as you mention most of the OP is really meant to answer many possible FAQ, rules and info etc.. but the idea of how the price gets done couldn't be much easier. It's fantastic idea, with a few major flaws: Firstly, players leave the server often (although not permanently usually) so we would have no way to retrieve funds if you stopped playing for whatever reason? that is correct and really there is no way that i can assure you it will never happen in my case. Just as any other attempts by others to create banks etc.. it all comes down to trust, so this is a universal flaw with any other business any other player can create. I did make rule #11 (will edit OP shortly) it states: FORCED BUY BACK OF SHARES Bank has the right to liquidate all of the player's shares as long as the player is not at a loss, meaning Bank must pay the player at minimum current market price and extra if current price is below what the player has paid for the stock. In simple words Bank can buy all of your share as long as BOTH of following conditions are satisfied. 1. Player will not loose any gain if he/she was selling willingly (if current price is higher then initial investment) 2. Player will get all of his initial investment back (if current price is lower then initial investment) This Rule is there if for example if I no longer wish to run the Stock exchange, it is there for your protection and my ability to liquidate the stock if I go on a vacations of for whatever other reason I no longer want to play on ECC or will be taking undefined amount of time away. Secondly, operating in this way (while not exactly at a "loss") is silly, the likelihood of a continuing flow of investors over time, adding more and more the fund is extremely low. So it's doomed to lose *someone* a lot of money. A possible fix for this might be to limit the number of shares bought to the amount the bank can currently pay back (similar the "Gold Standard"). These are the two ways could try to implement: 1. Maybe I could instead of filling SELL orders in order they were received I could combine them and then process everyone's order to a maximum percentage that i can pay out say at the price everyone wants to sell I can only afford from the pot to buy back 70% of shares then I would fill every players order up to 70% so they will still hold 30% of Their shares. This way no one is totally left hanging and other then fees no one really did loose money they just didn't profit yet and need to wait for new buyers to actually profit. Still if one of the holders SNOOZED and did not file SELL ORDER they will be left hanging with an egg like EMAU mentioned. 2. If in 1 weeks time there are no new buyers and player(s) stuck holding shares was unable to sell them due to this reason The Bank on this 7th day will at its expense offer to buy the outstanding shares from this player at this day's market price! This offer will be presented only every 7 days when the player holding shares will be able to decide if they want to sell them to the bank. In addition the 0.5% fee will be waved. This is the only instance when Bank will become a shareholder ! These shares will be the first ones to be sold to new buyer and the 0.5% fee will also be waved for the value of this transaction. To prevent conflict of interest Bank and any Bonanza town owners and members cannot at any time own or trade shares. Both of the above seem fair to me in second case The Bank looses money which again I could deal with after all it was fun trying and i don't really wanna make too many enemies here LOL Thirdly, I'm not sure LWC doors are totally impenetrable, in the case of just getting to a sign behind one. With just the right amount of lag, or glitch you could get through long enough to click the signs? Agreed and there is much better way to do it, thanks for your comment, forget any LWC protection all though I could design vaults in such way with maybe double doors.. forget it there is much better way. During initial account creation player would be added to town and make 4 sell stick trade signs (I will even provide the signs and sticks free of charge ) One Sell stick for $1 second sell stick for $10 third sell stick for $100 fourth sell stick for $1000 I would create similar where player would deposit money. after that player would be removed as town member but they should still be able to interact with all signs to both refill their signs with sticks from time to time and also buy sticks from my signs when paying for order etc.. When players sells stock I would simply buy enough sticks from his signs to total the amount owed to him TAKE a SCREENSHOT and that would be my proof that I paid them. When player uses my sign to deposit money if they buy stock or whatever they would do same then TAKE a SCREENSHOT and that would be their proof that they deposited money, I would take a screenshot also before withdrawing money for my record. Player then can come at anytime to withdraw his/her money as well as make payment for whatever stock they buy without both of us having to be on-line at the same time. That would be perfect and it will allow for safe money transfers between us both no need for any LWC. Warning would be posted for others to not interact with any signs that do not belong to them as no refunds will be given. I will test it later but i think it will work just perfect. Fourthly, In the case of everyone drawing money out at the same time and crashing the bank, maybe you could either: A.) allow only profits of stocks to be withdrawn for a certain period of time, and not the original investment (2 months?). B.) Tell players that you're not accepting withdraw orders until you see an upward trend in new investors? as i explained in the Second remark you had. I like both A and B here but i worry with A it might be too hard for me to keep track of it and A and B could create some very unhappy players so the rules (solutions) to this problem as explained in second remark would have to be agreed to by the players upon joining and again by full disclosure on my part my conscious is clear I want everyone to understand the risk involved and try to provide best solutions to counteract this mass profit taking that might without a doubt occur at some point in time hopefully later rather then sooner. Also lets not forget the fees I would be willing to take a loss and use those as founds to pay players. Again and i can't stress this enough the idea is not solely for me to profit but to start something that hopefully is a nice balance of fun and risk. EDIT: I would Totally buy like 50k into this if it starts don't loose your cape ... LOL
Yup it would be so cool I totally agree and what is better for economy then STOCK MARKET, but I worry any suggestion such as this will be met with strong opposition from the anti-lag community, in which case I would understand as plugins such as this would most likely fairly frequent communication with network or at least would need quite frequent updating, that is why i came up with my idea of stock trading and will see where it leads I didn't give up on it and with enough suggestions from other the limitations etc.. can be ironed out to offer fair playing field for everyone.
Sounds like you are trying to be a market maker, or some variant of a market maker, not run a stock exchange... given that nothing will be done with the money invested, this seems like it is a house of cards that will eventually crumble. (No true returns on money invested, just arbitary price fluctuations, with a % taken as commission... I don't see why I'd invest.) I may have overlooked something; please correct me if I'm wrong.
Not a market maker more like a stock broker I do not invent the price nor do I in any way influence it. When I say I announce price what I mean is I will simply do the math for you that you can do yourself after marker close it's easy do you know jest the price will be I just make it official and for those who don't want to bother checking (if they would lol) Yes you get very true return on your investment the problem is will there be a buyer for your shares that is what the limitation talks about so yeah if you are the only one who bought then when you sell you get all your money back and still have some shares left and hopefully someone else saw you made money and decide to buy poof you sell here is you true return on your investment ! Yes I will not do anything with that money so that if you do decide to participate at least you know that original investment is safe and I don't go there and blow it on lotto or start lending it out just to later send you a pm "sorry borrower screwed me, oh guess what I lost your money... Would you like to invest more I can get it back I promise" Yeah sure it would work better if I allowed you to trade based on a real price live, but I'm not going to sit there for hours trying to figure out what the price of the stock was at 11:45:15 am also even if I did that would exclude many people who either go to school work or whatever either way it would simply be impossible so yes certain modifications etc will create limitations and such like buy sell same price no bids or asks and possibly limited buyers Last thing if you bought stock and sold it at loss and so did everyone else there would be money left that I would use for another stock that would create bigger pot then originally invested so that would create imaginary buyers at this point I am the only buyer of your stock that will always buy it as long as I have money available to buy it back with from others who buggy it from me
Gotcha, yeah I missed a few things on my initial read-through. My sentiment has turned more positive. Use leftover funds from stocks that go down to pay off investors in any of the stocks that go up. I like it - it has potential.
I'm not a very heavy math man, nor am I a heavy stock market man. I have an investment portfolio, but I don't think what you are suggesting is possible. But this I do know. If anyone does business with you, you'll likely make a contract, and if someone alleges a problem, and you counter that you did things right, I have absolutely no idea how you are supposed to provide supporting evidence. Moderators may not approve a contract so complicated that potentially may have no way to have evidence for it--- Please also beware that if there is a glitch money stored in signs that is lost will not be returned. This is a server policy.
