Showing posts with label Blogshares. Show all posts
Showing posts with label Blogshares. Show all posts

14 October 2008

A few months ago I was wondering why my blog was valued so high on Blogshares, somewhere around B$237k.

But just as the economy has recently been taking a precipitous plunge, it appears the bubble has popped on my blog where its current value is around B$46k. That's approximately a drop of 80%.

Fortunately, my real world savings -- while still painful -- has not dropped by quite so much.

I try not to think about it.

29 June 2008

Blogshares Annual Report

For those unfamiliar with Blogshares, at its most basic it's an online investment game where blogs take on the role of stocks.

As you might have guessed, when I started Blogshares this blog was valued at $1000 - 3000. Somewhere around there, anyways. Needless to say it was a blog only Blogshares beginners would have cared about. I haven't logged in for about a year.

Anywhoo, on a whim I checked out my blog on Blogshares, and imagine my surprise when it's value is now $237,126.61!? What the heck? I don't understand it -- I don't have extremely high-value incoming links, so how did this happen?

To make things even more confusing, my share price is $131.26, compared to Stargazer's Garage's (valuation $201,027.97) $33.27 per share. Eh? Why is his share price 25% of mine, when his blog's value is 85%? Not only that, but Stargazer's Garage has only 6000 shares issued, and I have 11,000.

And that's not all. 7-52 Daily Photo is valued at $49,324.64, but has a share price of $497.37! Though in a way this makes more sense, as only 5000 shares have been issued.

Odd indeed. Oh well, I guess I'll see how it's doing next year.... :o)

06 April 2007

Blogshares and me--part III


Continuation of Blogshares and me—part II

I was on my computer one evening when I received an IM from my brother informing me that I should log on to Blogshares as soon as possible. A player was currently attacking a fellow Robber Baron’s portfolio. This particular attack involved a single player attempting to forcefully takeover a particular blog.

Taking over a blog in which you initially have no shares generally requires three to four artefact-usages. On average two to three artefact-useages are required to restructure and gain at least 20% of a blog’s shares, at which point another artefact can be used to perform a hostile takeover (HTO) to purchase all the remaining shares.

Artefacts are useful, powerful tools, but each can only be used once or twice (depending on how much karma a player has) in a 24 h period. In addition, only certain artefacts can be used with any particular blog. A player with many artefacts has a high probability of having one that can be used on a particular blog; a player with many artefacts also has a high probability of matching more than one artefact to a blog. However, there’s a limit to how many different artefacts can be used on a specific blog and this in combination with the limited use of artefacts in a 24 h period means that a single artefact-wielding player is at a severe disadvantage when working against a group of artefact-wielders.

If memory serves, this particular attack was limited in scope. The attacking player was acting against only one of our blogs and no public relation disasters were involved—which at this point would have been a waste of artefact-useage, anyway. Our response was measured so the fight was limited to this particular blog. Our tactics were relatively simple: we let the attacker use his/her artefacts to gain 20% of the shares, but before he could HTO us, we’d HTO first. In this manner the attacker used up artefacts at a faster rate. When the current Robber Baron at bat ran out of artefact-useages, the next corporate member would step up to the plate.

The attacker recruited some help and the fight ebbed and flowed over a few days with the Robber Barons having the upper hand, and ultimately hostilities ended.

I found the entire episode fun, and I enjoyed participating in my first Blogshares battle. It both rejuvenated and enhanced my interest in Blogshares. Robber Barons is a congenial group and not opposed to anyone trying to make a profit; at the same time, we’re not going to let anyone abuse the corporation and we’ll make a measured response if provoked. I feel fortunate that I was able to join a corporation that welcomes newbies, providing help, support, tactical and strategic tips. The Robber Barons and Stilyagi memberships are a friendly, active group of players that form a large part of the reason why I probably spend too much time on Blogshares.

Having found the defense of our corporation to be an entirely enjoyable event, I was regretting--and feeling slightly guilty about feeling that regret—the probability that similar events would be few and far between.

Little did I know….

03 April 2007

Blogshares and me-- part II


Continuation of Blogshares and Me, part I

And then something happened....

A player started "attacking" the portfolio of a member of the Robber Barons Corporation, of which I am a member. This eventually resulted in the planning (well, others did the planning--I was just prepared to follow orders) of a strategy to retaliate and dissuade further abuse. This was all taking place within the rules, of course. Blogshares is just a game, after all. Unfortunately, I missed all the action--hey, I'm not on the computer all the time!--but I was able to enjoy our justified retribution vicariously after the fact by reading automated “press releases”. Ultimately we emerged victorious and hostilities were ended.

But this shifted my focus towards a new direction: using my artefacts. Artefacts are useful tools that can have very significant, temporary effects on a blog's share price, among other things, and add a whole new level of strategy to the game. I find using artefacts much more gratifying than searching for blogs, so I began purchasing artefacts and using them to help fellow Robber Barons whenever the opportunity arose.

When I go searching for blogs/shares to purchase, I’m not so much looking to increase my net worth but to increase the value of my portfolio. The combined portfolios of a corporation’s membership contributes to the interest rate that corporation earns. Currently I look for high value blogs but I don’t manipulate share prices of blogs owned by other players before restructuring (the forced sale and purchase of shares at 3x the current price) and taking them over via a hostile takeover (forced sale and purchase of all a blog’s shares at 3x the current price)—both actions require the use of artefacts.

Another powerful use of an artefact is to significantly depress (Public Relations Disaster) the share price of a blog. However, as I said, I have no inclination or desire to PRD blogs willy nilly for no other reason besides increasing my net worth and annoying other players.

I was happily increasing the number of my ::cough:: cheap ::cough:: artefacts when our corporation was once again forced to act in retaliation against another player, and this time I was able to participate….

29 March 2007

Blogshares and me-- part I


For the past while I've been spending some time with Blogshares, an online game I've posted about previously. At its most basic, in the game blogs are akin to companies, shares of which can be bought and sold similar to the stock market. It's not real money, of course, but nevertheless I find Blogshares a fun way to pass the time.

My goal in Blogshares has evolved with time. At first I was merely bored and thought I'd try it out. Once I started getting familiar with the basics, I started to see how much B$ I could make. I became much more picky and discerning in regards to which blogs I would purchase (aside: the only reason I own any shares in my blog is because it's *my* blog--if it was anyone else's the valuation would be too low for me to even bother!).

For a month or so I remained a "non-premium" aka non-paying member, which is fine, but I quickly found the 20 transactions per day limit... well... limiting. Anyway, in the forums someone was offering a premium membership ($15 USD per annum) for the first person to meet his/her criteria. I posted, and was generously given a premium membership. A fairly fortuitous happenstance as I'd about decided to purchase a premium membership in order to have access to added functionality in the game.

Happily, there are many experienced players in Blogshares willing to provide help and advice to newbies. Anywhoo, for a while I actively looked for blogs I could purchase to build up my portfolio and net worth. Finding vulnerable, high value blogs became a little tedious, so my focus turned to voting and moderating blogs in to categories. This earned me "chips" which I then sold for B$.

My interest in Blogshares tapered off, or perhaps plateaued would be a better description. I was content with maintaining my portfolio and occasionally searching for a new blog. But then something happened....

06 December 2006

Blogshares update

Interesting, a Blogshares press release:
Press Release

R32Argent suffered a huge setback with several analysts urging their clients to ditch the stock as it suffered a public relations disaster. The exact nature of customer dissatisfaction was not known but Soraya Dione was rumoured to have had a hand in it. Industry insiders suspect a Star Spangled Banner (artefact) was involved. R32Argent share price dropped from B$170.36 to B$80.07

Soraya Dione declined to comment on the recent speculation.

Soraya Dione: http://blogshares.com/user.php?id=34991

PRID# 1600275 / Posted: 07:10 05 Dec 2006


Anywhoo, I'm happy to note that my share price has bounced back to B$326.91 :o)

15 November 2006

Blogshares

I was ::ahem:: googling myself and discovered a link to my blog at a site called Blogshares.com. As I'd never heard of this site I took a quick look. Blogshares, at its simplest, is an online investment game where people buy and/or sell shares in blogs using virtual "Blogshare money (B$)".
"BlogShares is a fantasy stock market where weblogs are the companies. Players invest fictional dollars on shares in blogs. Blogs are valued by their incoming links and add value to other blogs by linking to them. Prices can go up or down based on trading and the underlying value of the blog. No actual ownership of blogs is transfered. BlogShares is purely a fictional marketplace."
The primary goal, of course, is to see how much money you can make. If I understood correctly, Blogshares was originally started to test the Power Law which says, in part, that 20% of the population has 80% of the wealth, or in this case, to determine whether 20% of the blogs would have 80% of the links.

Sign-up is free, you don't need to have a blog to play, and everyone is given B$500 to start. Investing in blogs can become a lot more complicated than simply buying low and selling high, and to do well enough to actually get ranked would probably take more effort and interest than I have.

Anywhoo, I thought it was a neat touch the way they reserved 1000 shares of each blog for the blog's owner, whether or not they register on Blogshares and "claim ownership".

The current value of this blog is B$6,214.82. You can follow this link to see investment data for my blog. Buy them while they're still cheap! Only B$0.91 per share! :o)