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Anybody who visited the site yesterday (Wednesday) will no doubt have seen the craziness that occurred in the market. We saw some insanely large numbers thrown up on the market. It was both exciting and horrifying to watch on this end. Exciting because the problems were partially a result of the fantastic traffic that the site has managed to rack up in just a couple of days. It was also difficult to see the application spin out of control as an inflation slowly consumed most of the market cascading form one system to another and causing all sorts of problems.

This appears to have occurred because some of the users discovered a weakness in the model used to regulate the market. As far as I can tell, security was not breached, There was a hole open in the model, and clever users rightfully stepped through it. To discover these sorts of weaknesses is precisely the point of having a beta release for the website.

If you are returning to the site, presumably you have enjoyed your experience here and it is my goal to make sure that the market operates in a manner that promotes that enjoyment. As such, we’ve made a few changes to the mechanism tonight and will slightly alter your experience of the site. Hopefully these changes will make the market more useful.

The most noticeable will probably be the addition of a Capital Gains Tax that is applied to sales of stock in excess of $100. The tax rate fluctuates based on how recently you purchased the shares of that thot. For example, if you sell off shares within an hour of their purchase, you will be assessed a 50% penalty on your profit. This drops to 40% in the next hour and so on until it settles at 10%. I hesitate to complicate the system further in this manner, but I think it will help bring some stability to the market.

Now, you will probably see that the crazy high prices have been bumped down. This manual correction is one that I really never want to make, but things got so crazy, I just don’t see another way to get the market corrected in a reasonable time. Also, users who had balances above $100 have been reset to $100. I really didn’t wan to make this kind of correction, especially because most users didn’t actively participate in the inflation, and most of the others didn’t do it intentionally. But, this seemed like the fairest step at this point. It is still a beta release, so unfortunate corrections like this may be called for from time to time. Once the final release is made, it is my goal to let the market forces deal with situations like this, however, that cannot happen until we get the market tuned and humming along.

There is , of course, no guarantee that these changes will take care of things. Further tweaking may very well be needed.

If you have any questions complaints or suggestions about any of this, please feel free to submit them on the contact form. Everything that I’ve received to date has been very helpful.

Thanks for your help!

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One Comment

  1. I come to ruin this entry


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