[ANN][CHIPS] KMD platform's LN app with realtime betting+decentralized shuffling - page 17.

snowdropfore

hero member

Activity: 843

Merit: 1001

COINMARKETCAP say it is 1000000 Total Supply,it that true? if not ,how many total supply ,many thanks.

jl777B

full member

Activity: 476

Merit: 133

Quote from: okie dokie on September 25, 2017, 05:49:07 PM

I believe I read somewhere that chips and kmd use the same addresses.

Can chips be sent to the kmd paper wallet?

yes, the same privkey will work for both coins

okie dokie

newbie

Activity: 63

Merit: 0

I believe I read somewhere that chips and kmd use the same addresses.

Can chips be sent to the kmd paper wallet?

jl777B

full member

Activity: 476

Merit: 133

Quote from: breezeattack on September 25, 2017, 05:40:01 PM

Quote from: jl777B on September 25, 2017, 05:37:05 PM

Quote from: ?? on ??

Quote

18:16 Just curious will chips adopt KMD features minus the interest
18:17 I think its going to be standalone except that it will be able to use LN and microtransactions
18:17 Primarily used for the poker dAPP
18:18 it will switch to dPoW when most the mining is done
18:18 it is already supported by barterDEX and we have electrum servers for it
18:19 so it is an ecosystem coin and will also be integrated into the gameplay when we get to having games GUI/services
18:19 likely many games will be denominated in KMD
18:19 but use CHIPS
18:19 Alright makes sense
18:20 so we make a specific game's chips equal to 1KMD worth of CHIPS, now you are using CHIPS, Lightning Network, decentralized shuffling, simple smart contracts, and when done, convert the CHIPS back into KMD -> JUMBLR -> nobody but you know where
18:21 yes I was about the ask that
18:21 ok I see
18:21 and poker is just one of dozens of possible games that privatebet will support
18:21 of course poker is likely to be the most popular
18:22 ok private bet is the platform and poker is like an app
18:22 will private bet then get shares of all the games made and will it be a open platform where dev and make their own games
18:22 something like that, though i think marketing wise it is the komodo platform with a privatebet framework and a pangea instance
18:23 privatebet is of course open, as all of what i do is
18:24 usage of privatebet requires oracle nodes which will get paid for their services in the BET asset, at least I think that is what makes sense, though it might end up being payment in CHIPS
18:24 or KMD
18:24 Yes
18:24 each pangea game needs a dealer node that also would get some payment for the service maybe in PANGEA (or CHIPS or BET or KMD?)
18:25 any one can be a dealer?
18:25 so many details still left to solve, and this project is not my first priority, not until barterDEX is in maintenance mode
18:25 Yea i understand
18:25 you would need to be able to run a unix command line to be a dealer, so i guess that means 99.9% of the people wont be able to
18:26 but each dealer would run their games and players can choose which dealer's games they like and over time each dealer will get reputations
18:26 Ok that works and makes sense
18:27 combine that with the security assurance that both the oracle and dealer need to collude with a player to be able to see the deck, it ensures the maximum security possible within practical means
18:28 Yes there is a lots to do, what about the price fluctuation of chips?
18:28 crypto is volatile, it is part of the gaming experience
18:29 if you need a solid predictable value, then maybe you shouldnt be gambling
18:29 Yes i guess the dollar also fluctuate one way or the other
18:29 and the price fluctuation over the time you are playing wont be that bit
18:29 big
18:30 so once CHIPS gets enough liquidity, then it becomes a usable coin for betting
18:30 ok yea
18:31 but the games can be using "USD chips" which now would be 5 CHIPS, so maybe we get vendors who convert CHIPS into KMD and other things at reasonable rates
18:31 its not perfect, but the goal for CHIPS isnt to solve the price stability issue
18:31 it is to solve the decentralized gaming issue, which allows to solve a whole generalized class of other problems
18:32 and when we get market makers who can make repurchase contracts at reasonable spreads, then we can implement fixed value chips
18:33 yes that a trading class "options"
18:33 for example, I would imagine there would be a fair number of BTC, KMD, etc. holders who wouldnt mind making a crypto secured 1% spread
18:37 Yes thanks the guys who make the spread it like an insurance do they get some type of earnings, anyways thanks I just thought you would have use pegged asset features for betting but that will not solve the decentralised issue, and chips will be the only primary coin used for private bet and all the other games am I right?
18:46 it needs segwit and i didnt want to contaminate any other coin with that
18:48 deleted the question , you already answered it yes makes sense, cheers
18:50 Dude. You a beast. This is great stuff!
18:52 I just identify the best tech in each area, like zcash, LN, ILP and add whatever is needed to connect it all together

So Chips will be used on the Komodo platform for any betting game related projects that developers might want to build or is this just more of a test project coin?

realtime betting needs something like LN
I wont add segwit into the zcash codebase
KMD platform needs a realtime micropayments coin

I cant guarantee that there wont be any KMD platform game project that doesnt use CHIPS, but all the ones I am involved in will use CHIPS and CHIPS is the recommended coin for KMD platform micropayments.

It is still in early development phase, but we are working on a mathematical white paper that will hopefully be peer reviewed for the decentralized shuffling and LN speaks for itself, so that provides a good baseline to build games like pangea (poker) on top of.

I will do my best to make it a fully generalizable system, so not only pangea, but any sort of betting (or just micropayment) will be able to be built.

Already barterDEX supports CHIPS, so atomic swaps are available to convert between the coins

Awesome got it. What's the relation b/w jl777 and your username jl777B? Why the two accounts? Seems a bit strange.

I put the laptop with the jl777 login into cold storage and too lazy to retrieve it just to use the jl777 handle.

Also, I got an offer for $12 to sell this handle! Maybe I can get rich by making jl777* handles

breezeattack

jr. member

Activity: 30

Merit: 1

Quote from: jl777B on September 25, 2017, 05:37:05 PM

Quote from: ?? on ??

Quote

18:16 Just curious will chips adopt KMD features minus the interest
18:17 I think its going to be standalone except that it will be able to use LN and microtransactions
18:17 Primarily used for the poker dAPP
18:18 it will switch to dPoW when most the mining is done
18:18 it is already supported by barterDEX and we have electrum servers for it
18:19 so it is an ecosystem coin and will also be integrated into the gameplay when we get to having games GUI/services
18:19 likely many games will be denominated in KMD
18:19 but use CHIPS
18:19 Alright makes sense
18:20 so we make a specific game's chips equal to 1KMD worth of CHIPS, now you are using CHIPS, Lightning Network, decentralized shuffling, simple smart contracts, and when done, convert the CHIPS back into KMD -> JUMBLR -> nobody but you know where
18:21 yes I was about the ask that
18:21 ok I see
18:21 and poker is just one of dozens of possible games that privatebet will support
18:21 of course poker is likely to be the most popular
18:22 ok private bet is the platform and poker is like an app
18:22 will private bet then get shares of all the games made and will it be a open platform where dev and make their own games
18:22 something like that, though i think marketing wise it is the komodo platform with a privatebet framework and a pangea instance
18:23 privatebet is of course open, as all of what i do is
18:24 usage of privatebet requires oracle nodes which will get paid for their services in the BET asset, at least I think that is what makes sense, though it might end up being payment in CHIPS
18:24 or KMD
18:24 Yes
18:24 each pangea game needs a dealer node that also would get some payment for the service maybe in PANGEA (or CHIPS or BET or KMD?)
18:25 any one can be a dealer?
18:25 so many details still left to solve, and this project is not my first priority, not until barterDEX is in maintenance mode
18:25 Yea i understand
18:25 you would need to be able to run a unix command line to be a dealer, so i guess that means 99.9% of the people wont be able to
18:26 but each dealer would run their games and players can choose which dealer's games they like and over time each dealer will get reputations
18:26 Ok that works and makes sense
18:27 combine that with the security assurance that both the oracle and dealer need to collude with a player to be able to see the deck, it ensures the maximum security possible within practical means
18:28 Yes there is a lots to do, what about the price fluctuation of chips?
18:28 crypto is volatile, it is part of the gaming experience
18:29 if you need a solid predictable value, then maybe you shouldnt be gambling
18:29 Yes i guess the dollar also fluctuate one way or the other
18:29 and the price fluctuation over the time you are playing wont be that bit
18:29 big
18:30 so once CHIPS gets enough liquidity, then it becomes a usable coin for betting
18:30 ok yea
18:31 but the games can be using "USD chips" which now would be 5 CHIPS, so maybe we get vendors who convert CHIPS into KMD and other things at reasonable rates
18:31 its not perfect, but the goal for CHIPS isnt to solve the price stability issue
18:31 it is to solve the decentralized gaming issue, which allows to solve a whole generalized class of other problems
18:32 and when we get market makers who can make repurchase contracts at reasonable spreads, then we can implement fixed value chips
18:33 yes that a trading class "options"
18:33 for example, I would imagine there would be a fair number of BTC, KMD, etc. holders who wouldnt mind making a crypto secured 1% spread
18:37 Yes thanks the guys who make the spread it like an insurance do they get some type of earnings, anyways thanks I just thought you would have use pegged asset features for betting but that will not solve the decentralised issue, and chips will be the only primary coin used for private bet and all the other games am I right?
18:46 it needs segwit and i didnt want to contaminate any other coin with that
18:48 deleted the question , you already answered it yes makes sense, cheers
18:50 Dude. You a beast. This is great stuff!
18:52 I just identify the best tech in each area, like zcash, LN, ILP and add whatever is needed to connect it all together

So Chips will be used on the Komodo platform for any betting game related projects that developers might want to build or is this just more of a test project coin?

realtime betting needs something like LN
I wont add segwit into the zcash codebase
KMD platform needs a realtime micropayments coin

I cant guarantee that there wont be any KMD platform game project that doesnt use CHIPS, but all the ones I am involved in will use CHIPS and CHIPS is the recommended coin for KMD platform micropayments.

It is still in early development phase, but we are working on a mathematical white paper that will hopefully be peer reviewed for the decentralized shuffling and LN speaks for itself, so that provides a good baseline to build games like pangea (poker) on top of.

I will do my best to make it a fully generalizable system, so not only pangea, but any sort of betting (or just micropayment) will be able to be built.

Already barterDEX supports CHIPS, so atomic swaps are available to convert between the coins

Awesome got it. What's the relation b/w jl777 and your username jl777B? Why the two accounts? Seems a bit strange.

jl777B

full member

Activity: 476

Merit: 133

Quote from: ?? on ??

Quote

18:16 Just curious will chips adopt KMD features minus the interest
18:17 I think its going to be standalone except that it will be able to use LN and microtransactions
18:17 Primarily used for the poker dAPP
18:18 it will switch to dPoW when most the mining is done
18:18 it is already supported by barterDEX and we have electrum servers for it
18:19 so it is an ecosystem coin and will also be integrated into the gameplay when we get to having games GUI/services
18:19 likely many games will be denominated in KMD
18:19 but use CHIPS
18:19 Alright makes sense
18:20 so we make a specific game's chips equal to 1KMD worth of CHIPS, now you are using CHIPS, Lightning Network, decentralized shuffling, simple smart contracts, and when done, convert the CHIPS back into KMD -> JUMBLR -> nobody but you know where
18:21 yes I was about the ask that
18:21 ok I see
18:21 and poker is just one of dozens of possible games that privatebet will support
18:21 of course poker is likely to be the most popular
18:22 ok private bet is the platform and poker is like an app
18:22 will private bet then get shares of all the games made and will it be a open platform where dev and make their own games
18:22 something like that, though i think marketing wise it is the komodo platform with a privatebet framework and a pangea instance
18:23 privatebet is of course open, as all of what i do is
18:24 usage of privatebet requires oracle nodes which will get paid for their services in the BET asset, at least I think that is what makes sense, though it might end up being payment in CHIPS
18:24 or KMD
18:24 Yes
18:24 each pangea game needs a dealer node that also would get some payment for the service maybe in PANGEA (or CHIPS or BET or KMD?)
18:25 any one can be a dealer?
18:25 so many details still left to solve, and this project is not my first priority, not until barterDEX is in maintenance mode
18:25 Yea i understand
18:25 you would need to be able to run a unix command line to be a dealer, so i guess that means 99.9% of the people wont be able to
18:26 but each dealer would run their games and players can choose which dealer's games they like and over time each dealer will get reputations
18:26 Ok that works and makes sense
18:27 combine that with the security assurance that both the oracle and dealer need to collude with a player to be able to see the deck, it ensures the maximum security possible within practical means
18:28 Yes there is a lots to do, what about the price fluctuation of chips?
18:28 crypto is volatile, it is part of the gaming experience
18:29 if you need a solid predictable value, then maybe you shouldnt be gambling
18:29 Yes i guess the dollar also fluctuate one way or the other
18:29 and the price fluctuation over the time you are playing wont be that bit
18:29 big
18:30 so once CHIPS gets enough liquidity, then it becomes a usable coin for betting
18:30 ok yea
18:31 but the games can be using "USD chips" which now would be 5 CHIPS, so maybe we get vendors who convert CHIPS into KMD and other things at reasonable rates
18:31 its not perfect, but the goal for CHIPS isnt to solve the price stability issue
18:31 it is to solve the decentralized gaming issue, which allows to solve a whole generalized class of other problems
18:32 and when we get market makers who can make repurchase contracts at reasonable spreads, then we can implement fixed value chips
18:33 yes that a trading class "options"
18:33 for example, I would imagine there would be a fair number of BTC, KMD, etc. holders who wouldnt mind making a crypto secured 1% spread
18:37 Yes thanks the guys who make the spread it like an insurance do they get some type of earnings, anyways thanks I just thought you would have use pegged asset features for betting but that will not solve the decentralised issue, and chips will be the only primary coin used for private bet and all the other games am I right?
18:46 it needs segwit and i didnt want to contaminate any other coin with that
18:48 deleted the question , you already answered it yes makes sense, cheers
18:50 Dude. You a beast. This is great stuff!
18:52 I just identify the best tech in each area, like zcash, LN, ILP and add whatever is needed to connect it all together

So Chips will be used on the Komodo platform for any betting game related projects that developers might want to build or is this just more of a test project coin?

realtime betting needs something like LN
I wont add segwit into the zcash codebase
KMD platform needs a realtime micropayments coin

I cant guarantee that there wont be any KMD platform game project that doesnt use CHIPS, but all the ones I am involved in will use CHIPS and CHIPS is the recommended coin for KMD platform micropayments.

It is still in early development phase, but we are working on a mathematical white paper that will hopefully be peer reviewed for the decentralized shuffling and LN speaks for itself, so that provides a good baseline to build games like pangea (poker) on top of.

I will do my best to make it a fully generalizable system, so not only pangea, but any sort of betting (or just micropayment) will be able to be built.

Already barterDEX supports CHIPS, so atomic swaps are available to convert between the coins

jl777B

full member

Activity: 476

Merit: 133

Quote from: jl777B on September 24, 2017, 05:54:28 PM

highest that I have seen the diff: "difficulty": 50294621.69293784,

it seems that CHIPS mania is starting

"difficulty": 67947630.63619366,

not sure how many PH that is, but I think about 25

Mrbates

sr. member

Activity: 546

Merit: 250

Maybe a fed.

Quote from: jl777B on September 25, 2017, 03:36:06 PM

Quote from: coldvel on September 25, 2017, 03:17:39 PM

Does chips have any social media eg twitter telegram group etc Any website, roadmap?

http://chips1.explorer.supernet.org/ext/getmoneysupply
13362637.67971841

http://chips1.explorer.supernet.org/ is a working explorer

CHIPS is in development stage and we are not actively marketing yet

#chips in the supernet slack has the latest info

Highlight (#bookmark) people reading CMC's 1,000,000 supply like its god and not looking here.

Otherwise its a free bump lol.

jl777B

full member

Activity: 476

Merit: 133

Quote from: coldvel on September 25, 2017, 03:17:39 PM

Does chips have any social media eg twitter telegram group etc Any website, roadmap?

no marketing, not even website

roadmap is to have a realtime betting system using Lightning Network using a decentralized shuffling (whitepaper being written based on implementation).

once that is done, then pangea will be built using the CHIPS services

https://github.com/jl777/lightning has the LN fork with the privatebet realtime betting codebase. still a work in progress and command line only for a while.

Also, it will likely need to have a way to manage table stakes in a blockchain enforceable way.

jl777B

full member

Activity: 476

Merit: 133

Quote from: coldvel on September 25, 2017, 03:17:39 PM

Does chips have any social media eg twitter telegram group etc Any website, roadmap?

http://chips1.explorer.supernet.org/ext/getmoneysupply
13362637.67971841

http://chips1.explorer.supernet.org/ is a working explorer

CHIPS is in development stage and we are not actively marketing yet

#chips in the supernet slack has the latest info

kurbeks

sr. member

Activity: 1078

Merit: 255

Quote from: Mrbates on September 25, 2017, 02:40:14 PM

Explorer doesn't work, says all coins are in 1 address still which can't really be the case

This works fine - http://chips1.explorer.supernet.org/ and http://149.202.49.218:3001/

coldvel

newbie

Activity: 23

Merit: 0

Does chips have any social media eg twitter telegram group etc Any website, roadmap?

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: ComputerGenie on September 25, 2017, 02:18:15 PM

Quote from: mccanonsmith on September 25, 2017, 02:10:29 PM

Anyone that dumps is a looser. Nothing stops this coin of attaining 60k sat

I dumped 15k CHIPS to buy new hardware, do that make me a looser, too? Cry

Lol... anyway the price is not yet on your expectations but maybe in some time it might pass 60k sats to 70 or 75k sats.

Mrbates

sr. member

Activity: 546

Merit: 250

Maybe a fed.

Explorer doesn't work, says all coins are in 1 address still which can't really be the case

HerthaYid

member

Activity: 123

Merit: 10

Only 1,000,000 Coins, this should go up reasonably quickly after being listed on CMC. Are there plans for new exchanges?

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

Quote from: mccanonsmith on September 25, 2017, 02:10:29 PM

Anyone that dumps is a looser. Nothing stops this coin of attaining 60k sat

I dumped 15k CHIPS to buy new hardware, do that make me a looser, too? Cry

mccanonsmith

newbie

Activity: 12

Merit: 0

Anyone that dumps is a looser. Nothing stops this coin of attaining 60k sat

jl777B

full member

Activity: 476

Merit: 133

Quote from: darkistorrik on September 25, 2017, 02:00:19 PM

An interesting idea of a coin. A small number of coins is quite possible the price will be 20,000-40,000s

The CMC coins supply is wrong, it is almost a pure BTC fork, so 21 million coins total with 13 million issued so far

http://chips1.explorer.supernet.org/ext/getmoneysupply

With current market price of 5000 sats, the correct marketcap is $2.6 mil, or about rank 200

not bad for absolutely no marketing

darkistorrik

full member

Activity: 196

Merit: 100

An interesting idea of a coin. A small number of coins is quite possible the price will be 20,000-40,000s

mccanonsmith

newbie

Activity: 12

Merit: 0

now live @ https://coinmarketcap.com/currencies/chips/#markets

Topic: [ANN][CHIPS] KMD platform's LN app with realtime betting+decentralized shuffling - page 17. (Read 44543 times)