Leaderboard

https://youtu.be/vqr-pt-M1xM

Nearly a month after I put Swing down; here is why. Here’s a peak into the company I ran and why rage finally got the best of me. I’m not releasing this to attempt to ease back into the business sector; this is simply my story on what really happend. Appologies for the wall lf text; this was originally written on 5/27. What Made TOSE Fail? Above and beyond the obvious reasons TOSE is no longer with us - (if you aren’t aware I deleted the entire server and VPS hosting the bot.) there were key reasons that it simply wasn’t sustainable long term. Without a doubt the technology utilized for TOSE is unique and purpose built; it functions beautifully for the basic environment of a virtual stock market. TOSE didn’t fail because of the platform it was built upon; TOSE was going to fail because of several systemic issues. I’m likely the only Swing member that understood the entire issue; and it needs to be broken down into multiple parts to really grasp. First and foremost TOSE was built to generate revenue via brokerage fees; this is fairly standard even in real world investing scenarios; but the controlling entity behind TOSE; The Swing had interests in nearly every facet of the business economy. This immediately creates a conflict of interest. The exchange could not operate without bias; it simply was not possible. Take it one step further; monies from TOSE flowed into the Swing; and more often than not sat there for extended periods of time. Swing was also involved in lending, resource trading and several other income producing verticals; and the funds were almost always commingled. While we didn’t practice very good asset management internally - we always had the money on hand to cover withdrawals from the exchange; but without a doubt we were using TOSE money for loans and loan money for TOSE. For the majority of my tenure at Swing we had at least 10 billion in liquid cash on hand at any given moment — until we didn’t. To compound the imbalance of cash supposedly held in TOSE compared to what we actually had on hand was from what I’ll call over valuation. Over valuation came from long term share flipping and heightened investor confidence. Essentially an investor could buy low, and sell high over and over again — multiply that by the estimated 100 Active traders on the platform; some stocks were increasing in value (well in excess of book) without the cash actually being there to back them up. The cash often didn’t need to be there — investors were making profit, not cashing out; rinsing and repeating - over and over and over. I noticed something interesting when running the SWGB IPO - which sold out incredibly fast; but it generated very little - “new capital” in the exchange. This indicated to me there was a lot of “liquidity” in the market that really didn’t actually exist. For the majority of its existence TOSE ran unregulated. Taith and other companies already indexed were free to create as many companies as they desired — and rarely did they bring fresh new cash into the exchange. Without regulation - many of the companies became highly over hyped and over valued in comparison to their actual book value. Take for instance Top Hat; at the time I imploded TOSE I had just taken over Top Hat. They initially raised about 2 billion in initial capital; and at the time I took it over they had a negative net worth and a negative ESV. A far cry from its value on TOSE. A similar situation ensued with Almighty Corporation; it was consistently over hyped and traded at 8-10x its actual book value. The lack of regulation allowed for some of the issues; and a lack of fiduciary duty on behalf of Swing was to blame for the rest. We knew there were issues; we simply did not correct them. The constant share flipping and over valuation most certainly added to the deficit of what truly existed in the exchange and what we actually had on hand. The last time I checked, TOSE had over $11B in liquid cash in the exchange; and Swing had about $5B in liquid cash. There was never a run in the market; which was a huge fear of mine because I knew if a run was timed right the actual cash wouldn’t be there; especially in the final month or so of TOSE. During the peak of Swing’s lending career we had a near constant flow of repayments into the company and a very low default rate: but it grew and so did the size of the loans; which depleted the cash reserves we had on hand. Tie in a couple of huge setbacks and the environment was ripe for failure. I had already dealt with the setback of losing Benj to family obligations; and I navigated Taiths fall fairly well given the circumstances; but that was an exhausting time too. The day the most recent global war kicked off (early May) Galactic Empire was couped and multiple parties laid claim to their small 1 Billion dollar offshore. Among the drama from that a Swing employee mistakenly sent three $1B dollars payments to inactive nations. That distribution was supposed to send out $1B in total to 15 nations; instead we lost two billion (we got one back) That same day The Alliance was blitzed, causing over $1B in damages and we had to negotiate our way out of the war; which obviously wasn’t cheap. That same day Benj stepped down and appointed me as his successor. The following day Epi tried to lay claim to the same Schrute Farms offshore; losing us another cool billion. We survived that day by the skin of our teeth and decided to reinvent ourselves into a real alliance. I believed that the Alliance could possibly help us to turn more profits and make up for the large losses we had just incurred. But that venture was one step forward and two steps back. With a sudden influx of people in my orbit and a war on the horizon I secured our assets at BLUM; what a horrible choice on my part, because my credentials fell into the wrong hands. A former raider who was brought into the fold to “help” Gabe with Internal affairs wiped out nearly $10B of assets most of which were all marked for investors and safekeeping. This situation was the straw that broke my back. I had been fighting an uphill battle for months now and was not getting much support from my circle. In a moment of rage and disappointment I decided to put The Swing down for good. In my eyes I’d fought enough to keep up this never ending cycle. I may never know the motives of the party to swiped our bank. I have my theories; but they are just that. At the end of the day - I know an exchange can’t operate as a profit center with another multi-dimensional corporation. Centralization of assets poses a large risk to all parties involved. Be it an internal bad actor plotting to swipe the bank, or lazy corporate executives commingling and dipping into funds which they don’t actually own - the risk of loss is great. Combine over valuation and stock flippers; you’ve got a cocktail for disaster. TL;DR: There isn’t one.

It was a noble thing to stand up for your ally. It was an enjoyable war and I look forward to your growth and progress o/

TLE was gonna slot them and they got scared :serious:

Uh, hi If you haven't heard by now there was a War started between Black Skies and RIE. We (Asylum of The Phoenix) joined in that war under the context of the meme "Alan demanded 50m in reps". To us that was a horrible CB 👀 And we had declared the war name as "BS vs. The Micros"... With the new information that was brought to light today between BS Leader and AoTP Leader, we have decided it's in our best interest to Surrender this war with Black Skies. Just goes to show you need to know the full story. And not have war dodgers in your AA lol. Oop. (AoTP doesn't do a DoE, instead we do Surrender post😱)

Black Skies acknowledges the DoW made here and accepts the new alliance into the war.....8 days from now. We also at this time acknowledge the DoWs of all future alliances and in turn all prior alliances. This will allow us to cover our bases on all future wars and all past wars (because we still might see a DoW from an Internet Explorer user for Alanfall). However as seeing this latest war is apparently "Alanfall 3.0" and I haven't fallen yet then there must be a 7.0 or an 8.0 in which maybe I do. I don't know how time travel works as I'm not savvy enough. Who knows maybe they'll go back and make a hotfix to an Alanfall so we can fix the bugs in the dogpiles and "1v1"s. Looking forward to Alanfall v10.3.1. However when they do go back in time. We'll be ready. Probably. 50/50. TL;DR The war between Black Skies and TIE/RIE is now a meme show.

Nýr-Valhǫll Ragnarok Has Ended, A New Valhalla Rises Raid Policy & Requirements • We have no restrictions on raiding other than our treaties and the treatied allies of 7K • All members are Required to raid if they are not beige. Bot & Tools we have many tools available for helping you grow your loot hoard, including automated bank deposit tracking, offshored deposits, raid & statpad bots and much more... Join Requirements • At least 1 war lost. • Must have fought back in that war or a concurrent war involving actives from their alliance or treatied allies. apply on our Discord Server https://politicsandwar.com/alliance/id=8799 https://discord.gg/cGBJyFmN

Don't worry i'm working on a comprehensive report.

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FTFY

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Been there done that ✋

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I wish.....

Tired of the usual music? Do you want something different? Buy the album of the century! PANTS! by Adrienne Includes big hits like: -Billie Jeans -Rolling in the pit, f. the Lowtiers -Take The Money And Beige -(Don't fear) The Ripper -Knockin' On Alex's Door, f. the bugs -I Believe in a Thing Called Tank -Crazy Little Thing Called Ship, f. AR/GH -It Takes a Fool to Remain Grey -Everybody Needs Somebody To Nuke, f. Farky DJ and Wu Tang Force -Peace (What Is It Good For) -Saturday Night's Alright For Blitz -Sweet Jeans (Are Made Of This) -Sweet Child Of Mine, f. Atlas n' Rose -Wake Me Up When V.M. Ends, Whal-E movie sountrack -2 Minutes To Midnight, f. Milcom and the Lags -Paperless Ties, the Usual Suspects soundtrack -Get Up I Feel Like Being A War Machine -The Girl I Love Got Long Wavy Black Pants -I'd Do Anything For Air, f. Yarr and the Shanghelios -Smells Like Ten Res, f. the Ground Attacks -Hit Me With Your Best Nuke, f. The Artist Formerly Known As Grumpy -Anarchy In The W.E.I. -Where The Leaks Have No Name, f. Shifty -Where The Leaks Have A Name, f. DJ Sphin X

We need answers

I'm fed up with seeing my name mentioned far too often, getting excited that I am being mentioned in something, then finding out it's some completely different James. Thus I present to you the Definitive list of the Jameses of P&W (as listed by the Definitive James) James XVI (https://politicsandwar.com/nation/id=11330) As Arthur James is no more (RIP Arthur ), this is the most senior and thus definitive James. Therefore any future mention to 'James' should be in regards to James XVI and no other. James II (https://politicsandwar.com/nation/id=16302) Don't let the lower number fool you. This James is mentioned far too often and just makes definitive James look even more irrelevant, thus James II should be referred to as 'Fake James' or 'Other James' from now on. James Irven (https://politicsandwar.com/nation/id=57221) IDK who this is but he's the 3rd oldest James and should deserve the 4th most respect of any James, even if he is in NPO. James Hutton (https://politicsandwar.com/nation/id=111753) IDK who this is either but I like his nation name, so be sure to pay this James a compliment next time you see him. James III (https://politicsandwar.com/nation/id=112874) James II's failed experiment? IDK all these Jameses are now from 2018 or later and there's no way in hell I'm writing 40-something more entries. If you find yourself to be a James but you are not on your list, please register your existence below. And of course it goes without saying that every James should be treated with the utmost respect, and be presented with daily food offerings. Thank you for your time and understanding. James (The Definitive one)

@Alex Please Implement This

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I would have benefitted from this actually. Not too long ago, I declared on the wrong james instead of @Dr James Wilson

Whoops, thought people might look (but not touch), my bad. But its true, guide is in need of a major update. Whilst I may still be Definitive, it seems there are still many pretenders. Thanks for the suggestion Mayor 😜

[DoW] - Big Sexy Kermit incoming I BSK hereby declare war on Black Skies ten years from now :serious: This DoW will go into effect on June 11th, 2031

A was following the MDP with AotP, they didn't ask, but i did it. Thank you for the info, and apperciate that you weren't toxic about it. Thanks and i will take your advice.

How’s yours?

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The thing we do to be able to escape spam posts

Cool, have fun!

Thank you for taking the time to write this, it was very well written and informative~

FTFY

2 year grave dig nice, but perhaps James XVI should stop his ads from linking to it or make an updated definitive guide

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Meanwhile I just pick some random crap and then loop it nonstop for two days straight because I need to concentrate on spreadsheets :catsadness:

Roasis 🤝 Hollywood Burning down pixel farmers. I believe it's a cause we can all rally behind; except the pixel farmers.

Him And Dwight Would Make A Great Pair.

Ok all I gotta say is have you ever tried Taith investment they give dividends with negative cash income