[ANN][CHA] Chancecoin, SuperNET core coin for betting in a decentralized casino - page 69.

Janitor

newbie

Activity: 47

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Quote from: notsoshifty on May 01, 2014, 07:31:30 PM

Quote from: Janitor on May 01, 2014, 01:13:34 PM

Quote from: superresistant on May 01, 2014, 09:44:16 AM

It is complicated to explain. Basically, if someone would take control of a big Bitcoin mining pool, he may be able to increase his chance of wining.

Approximately 500 BTC was burned in for Chancecoin and there's $5+ billion in BTC that they could go after.
The idea that anyone smart (or rich) enough to hack Bitcoin would bother with betting with CHA is really funny.

We need more conspiracy theories, guys! (I don't mean you, superresistant).

It's not necessary that you take over a bit Bitcoin mining pool, it's sufficient that you merely be a big Bitcoin mining pool.

Ever saw pool operators try to harm altcoins before? Such an attack would cost them absolutely nothing.

I saw your posts on this topic before. Didn't one of developers said that protocol could be modified so that winners are declared slower (after a slightly (few min's) longer delay)?
I also read that tolerance for the maximum time skew among nodes on the network can be tightened, although I don't understand about it enough to be able to say whether it applies here.

It does't seem like something catastrophic. Of course the devs should have the last word, but as far as I am concerned it's enough to monitor the stats - if anyone's cheating even just a litte bit it'd be very easy to spot and then the devs upgrade the s/w to introduce those delays (unless the problem isn't fixable, which doesn't sound to be the case).

allwelder

legendary

Activity: 1512

Merit: 1004

Quote from: Ziggy on April 28, 2014, 12:28:05 AM

Quote from: allwelder on April 20, 2014, 10:17:03 PM

Quote from: mcjavar on April 19, 2014, 03:39:22 AM

I still have the same problem: wallet starts without error, btc-qt is running an up to date, but when I click on "open wallet" or "casino" nothing happens.

any suggestions?

have the same question.How to burn from CHA wallet?

I am using windows xp ,bitcoin-qt 0.9.1,chancecoin wallet 1.5
after doing this the problem solved:

check the setting of bitcoin.conf(C:\Users\(your user name)\AppData\Roaming\Bitcoin)
and chancecoin.conf(C:\Users\XXX(your user name)\AppData\Roaming\Chancecoin\chancecoin)
the "rpcuser"and"rpcpassword"of both .conf should be the same.
in my case
bitcoin.conf:
rpcuser=rpc
rpcpassword=rpcpw1234
server=1
daemon=1
txindex=1

chancecoin.conf
[Default]
bitcoind-rpc-connect=127.0.0.1
bitcoind-rpc-port=8332
bitcoind-rpc-user=rpc
bitcoind-rpc-password=rpcpw1234

hope this can help you

Got it.
Seems work now.
Thanks.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

I think the first trade on the decentralised exchange was just done!

Someone posted a 0.3 CHA order for 0.007/CHA.

I sold the 0.3 CHA and after 3 confirmations, I got the BTC on my BTC address and he got his CHA!

Order:
https://blockchain.info/de/tx/f36840bbf8fc36f0bb6b5fa740df3bf8d54083b210f5daa839d540ee609966af

Settlement:
https://blockchain.info/de/tx/435d557f39032e713c3565066cb02e9bcd11de919ff747cf1579ae42f78e9ddc

Exciting stuff!

notsoshifty

sr. member

Activity: 378

Merit: 250

Quote from: Janitor on May 01, 2014, 01:13:34 PM

Quote from: superresistant on May 01, 2014, 09:44:16 AM

It is complicated to explain. Basically, if someone would take control of a big Bitcoin mining pool, he may be able to increase his chance of wining.

Approximately 500 BTC was burned in for Chancecoin and there's $5+ billion in BTC that they could go after.
The idea that anyone smart (or rich) enough to hack Bitcoin would bother with betting with CHA is really funny.

We need more conspiracy theories, guys! (I don't mean you, superresistant).

It's not necessary that you take over a bit Bitcoin mining pool, it's sufficient that you merely be a big Bitcoin mining pool.

Ever saw pool operators try to harm altcoins before? Such an attack would cost them absolutely nothing.

nightwishx

hero member

Activity: 900

Merit: 500

Quote from: magician on April 30, 2014, 08:04:45 PM

Update from the dev team:

We are very excited by the success of the burn period. The fact that 480 BTC were burned into over 500,000 CHA proves to us that people believe in Chancecoin.

We have been working diligently on the new bitcoinj version of the wallet software, and we're excited to announce that we will be releasing it on Sunday, May 4. Stay tuned for that and more exciting updates to follow.

Magician

Good news.

We didn't have to wait long for an answer. Cool

Janitor

newbie

Activity: 47

Merit: 0

Quote from: superresistant on May 01, 2014, 09:44:16 AM

It is complicated to explain. Basically, if someone would take control of a big Bitcoin mining pool, he may be able to increase his chance of wining.

Approximately 500 BTC was burned in for Chancecoin and there's $5+ billion in BTC that they could go after.
The idea that anyone smart (or rich) enough to hack Bitcoin would bother with betting with CHA is really funny.

We need more conspiracy theories, guys! (I don't mean you, superresistant).

Hotodamoon

newbie

Activity: 31

Merit: 0

Quote from: superresistant on May 01, 2014, 09:44:16 AM

Quote from: voldemort628 on May 01, 2014, 09:26:50 AM

@SR: which mining pool abuse? :| can u please link me up to that? thanks

It is complicated to explain. Basically, if someone would take control of a big Bitcoin mining pool, he may be able to increase his chance of wining.
It is not an immediate danger because you cannot take control of a Bitcoin mining pool just like that but it is definitely something to be discussed and fixed.
I am convinced that the devs have real coding skills and understand the risk.

Ok. very clear. thx.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: voldemort628 on May 01, 2014, 09:26:50 AM

@SR: which mining pool abuse? :| can u please link me up to that? thanks

It is complicated to explain. Basically, if someone would take control of a big Bitcoin mining pool, he may be able to increase his chance of wining.
It is not an immediate danger because you cannot take control of a Bitcoin mining pool just like that but it is definitely something to be discussed and fixed.
I am convinced that the devs have real coding skills and understand the risk.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: voldemort628 on May 01, 2014, 09:26:50 AM

i think the number of chancecoin is fixed. when someone wins a bet, the prize will be "drawn" from all the balances (yes , including yours even if you dont do anything, because remember that owning chancecoin = bankrolling on the house ) . so technically your chancecoin balance will be constantly changing even though by an insignificant amount.

@SR: which mining pool abuse? :| can u please link me up to that? thanks

that is wrong. You should read on the website, how the betting resolution works Wink

notsoshifty

sr. member

Activity: 378

Merit: 250

Quote from: superresistant on May 01, 2014, 09:23:41 AM

Yes. Innovation is a risk.
We must discuss the flaws and fix problems.

We are all waiting for the devs to finish the new client and then answer our questions about the theoretical Bitcoin mining pool abuse.

Indeed. I'm still happy I burnt what I did

voldemort628

full member

Activity: 155

Merit: 100

i think the number of chancecoin is fixed. when someone wins a bet, the prize will be "drawn" from all the balances (yes , including yours even if you dont do anything, because remember that owning chancecoin = bankrolling on the house ) . so technically your chancecoin balance will be constantly changing even though by an insignificant amount.

@SR: which mining pool abuse? :| can u please link me up to that? thanks

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: notsoshifty on May 01, 2014, 09:21:12 AM

Quote from: superresistant on May 01, 2014, 09:12:23 AM

Yes, you'll get interest based on the activity. The more people play, the higher is the interest.
If you only play what you earned from interest, you cannot lose money but let me correct few point :
- It is the total amount of Chancecoin that change. You don't get dividend, it is the value of the Chancecoin that goes up because there is less and less Chancecoin.
- The value of Chancecoin also depend on the market : offer and demand. But contrary to a PoW coin, no one is dumping from mining and make it go down.

Even with a positive house edge built into the system, there is always the possibility that the value of each Chancecoin trends down (with more and more total Chancecoin) due to design or implementation flaws.

Yes. Innovation is a risk.
We must discuss the flaws and fix problems.

We are all waiting for the devs to finish the new client and then answer our questions about the theoretical Bitcoin mining pool abuse.

notsoshifty

sr. member

Activity: 378

Merit: 250

Quote from: superresistant on May 01, 2014, 09:12:23 AM

Yes, you'll get interest based on the activity. The more people play, the higher is the interest.
If you only play what you earned from interest, you cannot lose money but let me correct few point :

- It is the total amount of Chancecoin that change. You don't get dividend, it is the value of the Chancecoin that goes up because there is less and less Chancecoin.

- The value of Chancecoin also depend on the market : offer and demand. But contrary to a PoW coin, no one is dumping from mining and make it go down.

Even with a positive house edge built into the system, there is always the possibility that the value of each Chancecoin trends down (with more and more total Chancecoin) due to design or implementation flaws.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: justepourvannerneuil on May 01, 2014, 06:18:19 AM

1/ Like any classic casino, It there a risk of money laundering with Chancecoin ?
I don't think so and I hope not.

No because Chancecoin do not use FIAT money. You cannot claim that you've been paid in Chancecoin in a legal business.

Quote from: justepourvannerneuil on May 01, 2014, 06:18:19 AM

2/ I stronglly like this coin, because owning CHA is like having interests on your coins (or automatic valuation, if you forget the market speculation).
I used to buy 1% of each new coin I believed in, but a few months later, I was higly diluted...
Not with Chancecoin, I am sure I will never be diluted, and gain stakes if I choose not to play with coins.
Another way to see it, is that bets are no risk or free !
Let's say you have now 1% of available coins. 2 months later, you have 1,1 %. So you can play now some of your coins and stay with your initial 1%.
It is what I am planning to do.
All things are higly positive with this coin.

Yes, you'll get interest based on the activity. The more people play, the higher is the interest.
If you only play what you earned from interest, you cannot lose money but let me correct few point :

- It is the total amount of Chancecoin that change. You don't get dividend, it is the value of the Chancecoin that goes up because there is less and less Chancecoin.

- The value of Chancecoin also depend on the market : offer and demand. But contrary to a PoW coin, no one is dumping from mining and make it go down.

noopcoin

newbie

Activity: 14

Merit: 0

Quote from: BruceLee007 on May 01, 2014, 04:41:19 AM

I know the world cup is coming, maybe there will be some gambling sites coming soon.

They are always existed, and more will come out with the world cup.

Janitor

newbie

Activity: 47

Merit: 0

Quote from: justepourvannerneuil on May 01, 2014, 06:18:19 AM

1/ Like any classic casino, It there a risk of money laundering with Chancecoin ?
I don't think so and I hope not.

Who cares?

And besides, it's not even money. How can there be money laundering?
Is there a risk of money laundering with the US dollar? Yes? Let's ban it!

Citizens concerned about this coin are more than welcome to buy me off and save the world.
1 CHA = 1 BTC.

provenceday

legendary

Activity: 1148

Merit: 1000

justepourvannerneuil

newbie

Activity: 8

Merit: 0

1/ Like any classic casino, It there a risk of money laundering with Chancecoin ?
I don't think so and I hope not.

2/ I stronglly like this coin, because owning CHA is like having interests on your coins (or automatic valuation, if you forget the market speculation).
I used to buy 1% of each new coin I believed in, but a few months later, I was higly diluted...
Not with Chancecoin, I am sure I will never be diluted, and gain stakes if I choose not to play with coins.

Another way to see it, is that bets are no risk or free !
Let's say you have now 1% of available coins. 2 months later, you have 1,1 %. So you can play now some of your coins and stay with your initial 1%.
It is what I am planning to do.

All things are higly positive with this coin.

BruceLee007

sr. member

Activity: 406

Merit: 250

I know the world cup is coming, maybe there will be some gambling sites coming soon.

WhoCaresCoins

hero member

Activity: 596

Merit: 500

F*CK WHALES!

Quote from: stoneone on May 01, 2014, 01:50:01 AM

I think we should cooperate gambling sites, collecting gambling winning or losing data above can be implemented in the cha gambling, because this year the World Cup, that time should get a good development.

Do you know any popular gambling sites then? Post them here.

Topic: [ANN][CHA] Chancecoin, SuperNET core coin for betting in a decentralized casino - page 69. (Read 146164 times)