10 posts by ONLY JR members reg. a new even shittier altcoin idea. Yeah, I'll be mining this all day long. FFS... just stop it.
poor swede. is us meanie jr's not paying attention to ur wizdums?
Topic: [ANN] CHIPS - new altcoin - released soon - page 2. (Read 2543 times)
poor swede. is us meanie jr's not paying attention to ur wizdums?
the point of this coin ISN'T to compete with other coins, it's to GAMBLE, which can be FUN.
Easy and smart concept, by the way. It MIGHT be popular...
"released soon" - does it actually mean today?
No, I'll give 7 days notice minimum. And no funny stuff, changing the date 4 hours before launch.
10 posts by ONLY JR members reg. a new even shittier altcoin idea. Yeah, I'll be mining this all day long. FFS... just stop it.
Edit: nothing of course stands in the way of heavy early mining and early adopting like seems to be the rage these days
Yeah it does, the starting diff. Start high and walk it down. the point of this coin ISN'T to compete with other coins, it's to GAMBLE, which can be FUN.
Easy and smart concept, by the way. It MIGHT be popular...
"released soon" - does it actually mean today?
This actually seems pretty fun 
OP, do you have necessary programming skills or just sharing your idea?
I think I'll be able to pull it off, just not in the timeframe that I'm hoping for
please, no more junk alike coins
See, you see a new coin and don't even think about it before you call it junk.
the point of this coin ISN'T to compete with other coins, it's to GAMBLE, which can be FUN.
you know, FUN? that thing we sometimes go looking for?
OP, do you have necessary programming skills or just sharing your idea?
please, no more junk alike coins
You don't roll the dice do you
please, no more junk alike coins
Not the worse idea ever... When do we start?
Interesting idea.
I'm not looking to take over FIAT, I'm here for your entertainment
Yes, another new coin, but this coin can be used for betting, without a casino site. You'll be betting within the blockchain! Please read more...
If you're not into gambling and hate new coins, skip this message
How can you bet
Anyone with CHIPS can send a number of his coins to a predefined address. (hard coded in the client/sourcecode) These coins are technically lost, no private key available. (we'd need a way to generate these in public so that there is no discussion that the private key IS unknown) Each address is matched with odds (for example 10% chance), and a multiplier. In our example: multiplier = x9.75. (Why not x10, see below) Basically, 2.5% is reserved for the miner.
What decides if you win or lose
The hash of the next generated block (or some hash related to it) will decide if your bet wins or loses, this way the network can verify. These winning coins will be generated towards the "inputs" of the bet transaction.
How can we make sure the block miner/creator includes the transactions (bets)?
For each bet, the block generator gets 2.5% of the wagered amount. This will make it interesting for them to include bets. We have no deflation/inflation, on average coin amounts stay the same. The miner is the house!
Other things will have to be decided later on (retarget time, starting diff) I’d mine a block every minute or so, so you’ll know your bet result in a minute.
I would implement a minimum fee for each transaction and/or bet to avoid small bets from flooding the chain.
Any suggestions are welcome, also, if you see any problems with the idea (technical implementation) , thanks for letting me know.
Let the flaming/bashing begin!!
Edit: nothing of course stands in the way of heavy early mining and early adopting like seems to be the rage these days
Edit2: and as the betting increased, miners get more and more coins. But those coins are generally "lost" by the others (2.5% disadvantage) - this keeps mining interesting! And the faint of heart who don't like gambling (do these people even exist) can just mine and get 2.5% from the crazy gamblers
Yes, another new coin, but this coin can be used for betting, without a casino site. You'll be betting within the blockchain! Please read more...
If you're not into gambling and hate new coins, skip this message
How can you bet
Anyone with CHIPS can send a number of his coins to a predefined address. (hard coded in the client/sourcecode) These coins are technically lost, no private key available. (we'd need a way to generate these in public so that there is no discussion that the private key IS unknown) Each address is matched with odds (for example 10% chance), and a multiplier. In our example: multiplier = x9.75. (Why not x10, see below) Basically, 2.5% is reserved for the miner.
What decides if you win or lose
The hash of the next generated block (or some hash related to it) will decide if your bet wins or loses, this way the network can verify. These winning coins will be generated towards the "inputs" of the bet transaction.
How can we make sure the block miner/creator includes the transactions (bets)?
For each bet, the block generator gets 2.5% of the wagered amount. This will make it interesting for them to include bets. We have no deflation/inflation, on average coin amounts stay the same. The miner is the house!
Other things will have to be decided later on (retarget time, starting diff) I’d mine a block every minute or so, so you’ll know your bet result in a minute.
I would implement a minimum fee for each transaction and/or bet to avoid small bets from flooding the chain.
Any suggestions are welcome, also, if you see any problems with the idea (technical implementation) , thanks for letting me know.
Let the flaming/bashing begin!!
Edit: nothing of course stands in the way of heavy early mining and early adopting like seems to be the rage these days
Edit2: and as the betting increased, miners get more and more coins. But those coins are generally "lost" by the others (2.5% disadvantage) - this keeps mining interesting! And the faint of heart who don't like gambling (do these people even exist) can just mine and get 2.5% from the crazy gamblers
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