LTBc Fantasy Football

Back to Community Bulletin Board

Jump to bottom

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

Comments

adam

Offline
Posts: 1980
Location: California, USA

@loon3 @therealtwig

You know, we could even do the peg without a vending machine. You could do it just using the decentralized exchange. You just place a gigantic order selling LTBc and buying FOOTBALL at 1.01LTBc/1FOOTBALL and at the same time place a gigantic order selling FOOTBALL and buying LTBc at 1.01FOOTBALL/1LTBc

There will be a tiny tiny trading range but effectively it will be a pegged market, and since we control the number of FOOTBALL available we can control the size of the market and not let it run away from us.

I'd be happy to help experiment with this decentralized-exchange based peg mechanism.

Posted on July 27, 2014 at 2:25 PM
Permalink

0 likes
necrix

Offline
Posts: 19
Location: Wyoming

@adam @loon3 @therealtwig

You know, we could even do the peg without a vending machine. You could do it just using the decentralized exchange. You just place a gigantic order selling LTBc and buying FOOTBALL at 1.01LTBc/1FOOTBALL and at the same time place a gigantic order selling FOOTBALL and buying LTBc at 1.01FOOTBALL/1LTBc

There will be a tiny tiny trading range but effectively it will be a pegged market, and since we control the number of FOOTBALL available we can control the size of the market and not let it run away from us.

I'd be happy to help experiment with this decentralized-exchange based peg mechanism.

This is a great idea!

Posted on July 27, 2014 at 3:47 PM
Permalink

0 likes
popinjay

Offline
Posts: 118

@adam @loon3 @therealtwig

You know, we could even do the peg without a vending machine. You could do it just using the decentralized exchange. You just place a gigantic order selling LTBc and buying FOOTBALL at 1.01LTBc/1FOOTBALL and at the same time place a gigantic order selling FOOTBALL and buying LTBc at 1.01FOOTBALL/1LTBc

There will be a tiny tiny trading range but effectively it will be a pegged market, and since we control the number of FOOTBALL available we can control the size of the market and not let it run away from us.

I'd be happy to help experiment with this decentralized-exchange based peg mechanism.

Love it... I am all in for setting it up like or similar to this. I sense the beginnings of a little crypto start-up / website. Fantasy sports are huge in the states!

Posted on July 27, 2014 at 4:34 PM
Last Edited: July 27, 2014 at 4:34 PM
Permalink

0 likes
therealtwig

Offline
Posts: 97
Location: Bloomington, IN

@adam @loon3 @therealtwig

You know, we could even do the peg without a vending machine. You could do it just using the decentralized exchange. You just place a gigantic order selling LTBc and buying FOOTBALL at 1.01LTBc/1FOOTBALL and at the same time place a gigantic order selling FOOTBALL and buying LTBc at 1.01FOOTBALL/1LTBc

There will be a tiny tiny trading range but effectively it will be a pegged market, and since we control the number of FOOTBALL available we can control the size of the market and not let it run away from us.

I'd be happy to help experiment with this decentralized-exchange based peg mechanism.

I will just echo the sentiments of @necrix & @popinjay about this being a phenomenal idea. I also agree with @popinjay about innovation possibilities in the fantasy sports space. To my knowledge, no service out there has league features like ones we have talked about built in, and I am 100% certain token based ideas in fantasy sports are original and completely worth experimentation. Very exciting!

Posted on July 27, 2014 at 5:07 PM
Permalink

0 likes
Roadwarriors

Offline
Posts: 23
Location: USA

Love how this is progressing. Quickly too. I am along for the ride whatever you all decide. As long as we keep it fair and stick to the spiiit of sportsmanship this could really turn into something.

Posted on July 27, 2014 at 5:15 PM
Permalink

0 likes
necrix

Offline
Posts: 19
Location: Wyoming

@popinjay

@adam @loon3 @therealtwig

You know, we could even do the peg without a vending machine. You could do it just using the decentralized exchange. You just place a gigantic order selling LTBc and buying FOOTBALL at 1.01LTBc/1FOOTBALL and at the same time place a gigantic order selling FOOTBALL and buying LTBc at 1.01FOOTBALL/1LTBc

There will be a tiny tiny trading range but effectively it will be a pegged market, and since we control the number of FOOTBALL available we can control the size of the market and not let it run away from us.

I'd be happy to help experiment with this decentralized-exchange based peg mechanism.

Love it... I am all in for setting it up like or similar to this. I sense the beginnings of a little crypto start-up / website. Fantasy sports are huge in the states!

I would love to look into potential crypto FF site. FF was the 1st thing that came to mind when I thought what hasnt been really explored in the crytpo world.

Posted on July 27, 2014 at 5:31 PM
Permalink

0 likes
Ronniejames

Offline
Posts: 5

I am a little reluctant to bring this up - but I would propose to go without trading for the 1st season. If the league is for fun and to get to know people, I can't think of a better way to guarantee there won't be any 'problems' , or give any unfair advantage - than to eliminate trading.

I am reluctant to bring it up because its a fun part of the game for me [I want trading], but if I am honest with myself - I would say all of my worst problems running fantasy leagues, being in them etc... has always involved a trade that some ppl thought was fair and some not; because ppl never value players equally. League voting can cause issues with - you voted against my trade, I'll vote against yours etc... You can say it won't happen, but you can't really prevent it.

I just think trading opens a risk of 'problems' that a league designed for fun, comradery, promoting crypto currency etc... doesn't need. It will still be the best league ever.

Posted on July 27, 2014 at 5:57 PM
Last Edited: July 27, 2014 at 5:59 PM
Permalink

0 likes
therealtwig

Offline
Posts: 97
Location: Bloomington, IN

@Ronniejames I certainly understand the sentiment from being in situations like that in the past with other leagues. However, I think we can take a "multisig" approach and say all trades are approved by a league majority of 8 owners. I sincerely doubt, especially with all the weekly rewards and incentives we have in place, that collusion will be an issue for us. If it did happen to be an issue, I'm sure we could spot it pretty quickly and bring the issue to a vote.

Posted on July 27, 2014 at 6:36 PM
Permalink

0 likes
loon3

Offline
Posts: 243
Location: Rhode Island, USA
@loon3 @markxmayer @popinjay @therealtwig @kyleatlas @necrix @jeffski1 @troy112 @Ronniejames @CryptoConrad @Doogy @scipio @silvergoldandbitcoin @roadwarriors @adam

Welcome to the inaugural season of the LTBc Fantasy Football League

I've put together a page to track each team as well as the ownership of each team asset (each asset represents a team in the league).

LTBc Fantasy Football League Home

Click the button at the top of a page that says "Manage a Team" for instructions on how to trade LTBc for a team asset as well as instructions on how to verify your email address (I'll need this to send your Yahoo FFL invite).

The Yahoo FFL invites likely won't go out right away. Let me know if you have any issues/comments/suggestions.

Planned league payouts:
- 125,000 payout to the League Championship winner
- 15,000 payout to the League Championship runner-up
- 50,000 payout to the highest combined point total for season
- 5,385 per week (70,000 total) for the highest score each week during the regular season (13 weeks)
Total pool of 260,000 LTBc (15,000 X 14 + 50,000 from Adam)
Posted on July 27, 2014 at 6:36 PM
Permalink

1 like
therealtwig

Offline
Posts: 97
Location: Bloomington, IN

@loon3 Just phenomenal work on this commish! Awesome job! Setting things up now!

Posted on July 27, 2014 at 6:48 PM
Last Edited: July 27, 2014 at 6:49 PM
Permalink

1 like