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Cow Coins

Discussion in 'Skyblock' started by Wrys, Oct 28, 2018.

  1. Wrys

    Wrys Helper

    Messages:
    224
    Wrys
    Cow Coins
    Cow Coins; they were introduced as a second currency to the start of the growing career of Wrys on Skyblock, representing a decapitated cow's head.

    What are Cow Coins?

    • Artificial currency regulated by Wrys, a helper on the server
    • A representation of a currency; constantly changing in value
    • A decapitated cow head named "Cow Coin" that shows it has been killed by Wrys
    • A raffle ticket that can be used before participation in the PvP event that will pay out many times the value of the coin if you have won.
      • (Ex. You bought a cow coin for 10k from someone, and before winning a Hunger Games event you bet on your skills to win and hand the cow coin over to me, the host of the event. Since you have won you have earned 50k and one spin in the wheel of fortune.) Learn more here
    How do Cow Coins work?
    • Depending purely on basic supply and demand principles, in the hands of the traders, Cow Coins change in value
    • The changing value entirely depends on it's applications
      • (i.e. the rewards from winning the PvP events)
      • More applications may be created over time, so now is a good time to start investing in Cow Coins
    History of the Cow Coin
    Cow Coins came to my mind as a thought. If you know me as a person you would understand that I constantly change my hobbies and interests. This idea was born from my love for the stock market.
    I wanted Skyblocks to get out of the dust it was in. It seemed to be an abandoned wish well, people dropping by in disappointment, often uttering, "Skyblocks is dying".
    I figured things didn't work out because the current way to get people to play isn't compatible with the interests of the player base anymore, so I worked on my idea of gambling. As sick as it was, I used the concept of addiction to fuel the growing business so that I could start investing more time into my island.

    Late August, that was the date of the first gambling machine I had built.
    Here's how it worked:

    1. Player drops three diamonds into the hopper/item filter
    2. The machine detects the diamonds and activates the torch burn mechanism
    3. Nine redstone signals are sent to the dropper containing the prizes in succession and the dropper throws out nine random items
    One of these prizes were cow coins. Who would actually gamble for these cow coins?
    Konradfreestun
    My first customer, spending hundreds of thousands to gamble just to win a pair of prot IV diamonds boots, which he had mistaken for prot VI (lol).


    I toyed with the concept throughout the month, changing it from a raffle ticket to buy prizes, then to a stock market investment, to an investment that can not drop in profits, to a raffle ticket that can change in value.

    Despite me not being able to make up my mind, Cow Coins became more and more popular, and I bet it still hasn't reached 10% of it's potential.
    I like to think that it was not me who started these things, it was the community that supported me who did. I have received many donations in the past three months, and connected with other interested players who helped to refine this idea. Without these guys I am sure I would have given up.

    Thanks for reading!
    P.S. the original cow coin info page has been replaced by this one just so it's not as boring.


     
    #1 Wrys, Oct 28, 2018
    Last edited: Feb 13, 2019
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  2. Wrys

    Wrys Helper

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    224
    Wrys
    Finalized the Cow Coin concept.
     
  3. Wrys

    Wrys Helper

    Messages:
    224
    Wrys
    Tomorrow I will be looking for private investors who will buy at most 5 cow coins each. The rest will be listed on the auction house one at a time at the current value of my casino, which will be calculated once I log onto Skyblocks at 3PM EST.
    I am not expecting there to be much profit at all because I only have four machines active.
    I have some great plans this weekend, and you will all be pleasantly surprised.
     
  4. Majestical

    Majestical Helper

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    296
    wowoow
    Skyblock Angel
  5. pFET

    pFET Iron Miner

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    54
    pFET
    Prison Boss
    This looks really cool but what server is it on?
     
  6. Wrys

    Wrys Helper

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    224
    Wrys
    This will be introduced on Skyblocks.
     
  7. pFET

    pFET Iron Miner

    Messages:
    54
    pFET
    Prison Boss
    KK
     
  8. Anti_Biotics

    Anti_Biotics First Step

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    7
    _UnluckyAnti_
    Factions Legend
    This looks exciting!
     
  9. Wrys

    Wrys Helper

    Messages:
    224
    Wrys
    First day of introducing cow coins was bad. I spent six hours on a slot machine only to find that it barely works, I am going to try thinking of a second design, and if not then I will use lights in replacement for rotating blocks instead.
    The slot machine is my primary goal.

    Remember, as the value of my casino raises so does each cow coin. I will be tracking down how much money I make weekly, and will have digits in the back of the casino representing the value.

    If need be I will be selling cow coins again for money. Right now since they are only worth 10$ it doesn’t make sense to me to sell them for only 10$.

    100 cow coins were sold to players over the auction house from 3pm EST to 6pm EST today. I hope you guys make the decision to not cash it in, as it’s worth about 4x the price you’ve bought it at. You may think, oh hey I’ll make 30$, but just you wait!

    Leave suggestions in the comment section and I will be sure to test them out.
     
    #9 Wrys, Nov 3, 2018
    Last edited: Nov 3, 2018
  10. Wrys

    Wrys Helper

    Messages:
    224
    Wrys
    After the creation of the slot machine, Friday night, the value of one cow coin has increased from one diamond to seven Diamonds. Cow coins were sold to ambitious investors and are now totaled at 200. This has dropped the value of one cow coin from seven diamonds to five.

    Construction on the casino is slowly in process, working weekly to decorate the interior. Any bugs with the redstone machines are fixable only to island members.

    Recent bugs with the redstone machines:
    - Filter items within the item filter mechanism are emptied out into the diamonds collection chest
    This is due to the redstone torch controlling the inflow of diamonds in the hopper system (payment system) to be powered off, letting all the items through to the diamond collection chest

    - Diamond blocks are not received because of redstone not transmitting signal through the circuit. (Ex. redstone dust powered, redstone dust connected to it is not powered. It should be powered, but sometimes redstone works like that.
    - To combat this problem I have placed a stone button down that will send a signal to the circuit that rewards you with the Diamond Block

    - Diamonds fill up the hopper input and does not send a signal strength of two but rather sends a signal strength of one from the comparator controlling it. This problem will result in the torch not being powered off, thus letting the diamonds to flow into the diamond collection chest.

    All of these are out of my control. To compensate for these bugs I will be making very limited redstone gambling machines.

    If the value of each cow coin reaches 10 diamonds then I will be making a free gambling game for players who don't have diamonds to gamble with. I estimate around two weeks for it to reach that value.
    Check out this link: :)
    https://docs.google.com/spreadsheets/d/1YV28RbQLnqo1itW7ivEfi_4N-VhSe3n4JVbvWCKC7Lg/edit?usp=sharing
     
    #10 Wrys, Nov 5, 2018
    Last edited: Nov 5, 2018
  11. Bexi

    Bexi Tree Puncher

    Messages:
    19
    That certainly is something. It's a bit much for me to wrap my head around.
     
    • Funny Funny x 1
  12. Collie1121

    Collie1121 Zombie Killer

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    SirSmellAlot
    Skyblock Eagle
    Make sure you don't drop out from the valued currency this time. Last time it went kinda.. Idk, people wasted alot of effort and money on it and you just abiled on it xD Before they even could spend it on something :-P
     
  13. Wrys

    Wrys Helper

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    224
    Wrys
    Everyone’s got mistakes collie. Learned that I can’t be selling things I have no idea what to do with them. I’ll always need plans for everything. I think cow coins are going to be very valuable on Skyblocks. I’m hoping that it would value around 1k by the beginning of 2019. As comparison right now the value is 5 diamonds/ cow coin, so 300$ worth.
     
  14. Collie1121

    Collie1121 Zombie Killer

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    233
    SirSmellAlot
    Skyblock Eagle
    Ofcourse, I was just telling you that you should work it out a bit better before opening the currency this time sir ;-)
     
  15. Wrys

    Wrys Helper

    Messages:
    224
    Wrys
    Cow coins were introduced three days ago. I’ve planned it all out, it really helps me personally because I was able to understand more of the stock market.
    Maybe you could try doing something similar. That would be awesome.
     
  16. Wrys

    Wrys Helper

    Messages:
    224
    Wrys
    There are a lot of you who don't really understand what a cow coin is, so let me explain in a few sentences.
    Cow coins take a percentage of the value of how much the casino makes.
    You cannot buy cow coins from me, but in the future I will make it so that you can sell your cow coins to me and then i will sell cow coins to the public.
    Trade cow coins with other people if you don't want to hold onto your cow coin.
    The more money my casino makes the higher value a cow coin is.
    There are a total of 200 cow coins in the public right now, more may be sold if trading doesn't start soon.
     
  17. Wrys

    Wrys Helper

    Messages:
    224
    Wrys
    Quick update:
    Major success in cow coins stocks, check my spreadsheet link to see it’s increase in value.

    Today a new game was introduced that rewarded you with keys if you won. This machine only saw success within a few minutes, it was then shutdown due to the great malfunctions it had on itself and the other machine.

    To-do list:
    Add free gambling machine that people can use every 10 minutes.

    Sell 100 cow coins once value reaches 15 diamonds. (At 11 rn, need 8 more stacks)

    Work on decorations in the casino
     
  18. Wrys

    Wrys Helper

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    224
    Wrys
    At 11:30 pm EST, yesterday night on Friday, 100 cow coins were sold. The value of each cow coin has dropped from 15 to 10 diamonds each because of the 50% increase in shares.
     
  19. NotDyl

    NotDyl Zombie Killer

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    224
    FrostehDays
    it sounds odd but ok
     
  20. Wrys

    Wrys Helper

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    224
    Wrys
    Different