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Topic: [ANN][CSC] CasinoCoin - The Premiere Coin for Casino Gaming | Kimoto Enabled! - page 63. (Read 290873 times)

legendary
Activity: 1638
Merit: 1011
jakiman is back!
Any speculators clinging onto coinmarketcap, look at the Cryptsy orders/order history and charts. We'll be fine. The spike in BTC price is also affecting CSC prices right now, so between now and beta launch would be a good time to consider picking up some CSC's.

There are just not enough buy order volume to keep the price steady when someone sells even a few thousand.
But yeah, I expect CSC to bounce back up to 0.03 mBTC within the next 24 hours easy.
Right now, buying just 1000 CSC gets rid of all the sell orders below 0.03 mBTC!  Shocked
full member
Activity: 125
Merit: 100
Someone sold about 10000 CSC. (which is less than 1 BTC)
Due to not enough big sell orders, it plummeted around 30% just by such a sell.
CSC only needs about 1-2 BTC buy order for it to actually nearly double in price.

If there is a time to buy CSC, the time is now at such a low price.

+1

Any speculators clinging onto coinmarketcap, look at the Cryptsy orders/order history and charts. We'll be fine. The spike in BTC price is also affecting CSC prices right now, so between now and beta launch would be a good time to consider picking up some CSC's.
sr. member
Activity: 420
Merit: 250
Bayern
I don't get why there is no demand for CasinoCoin right now. The arrival of the Beta Casino should be marketed very well too
legendary
Activity: 1638
Merit: 1011
jakiman is back!
Someone sold about 10000 CSC. (which is less than 1 BTC)
Due to not enough big sell orders, it plummeted around 30% just by such a sell.
CSC only needs about 1-2 BTC buy order for it to actually nearly double in price.

If there is a time to buy CSC, the time is now at such a low price.
sr. member
Activity: 420
Merit: 250
Bayern
Why did it drop so much? Wow
sr. member
Activity: 336
Merit: 250
Quote

With only Cryptsy supporting CSC/BTC exchange, it won't go very far.


Sell off took place. (Edit: Oeps still taking place, what's going on here?)

When the games come online and are promoted well, the price will stabilize and go up. But what a fall right now. Hope it will be a V-shape.

no real big sellers (1btc+).. just a lot of minidumps..
question is... is it a big player selling small pieces of its big pie..
or are these many little players selling their whole csc stakes

id prefer option 1
newbie
Activity: 26
Merit: 0
Hello,

My boys run www.bigcryptopool.com we have Casino Coin on there because I believe it has potential. I am an entrepreneur with 20 yrs experience. I am good at finances and project management. I have started numerous businesses in Metro Detroit. I would like to see this coin succeed. How can I help?  We can start by having our pool donate to the cause. What else?
hero member
Activity: 518
Merit: 500
yeah it will be under 0.00002 soon Sad thats a big fall
legendary
Activity: 952
Merit: 1000
Quote

With only Cryptsy supporting CSC/BTC exchange, it won't go very far.


Sell off took place. (Edit: Oeps still taking place, what's going on here?)

When the games come online and are promoted well, the price will stabilize and go up. But what a fall right now. Hope it will be a V-shape.
sr. member
Activity: 336
Merit: 250
I see what you re saying, but this would mean the house should act as an semi- exchange.
This might be possible, but the house should have a bunchload of fiat money on the side!

But most casinos do have a whole heap of money on the side.
It's by law in many countries that they have enough money to be able to pay any winnings to the player.

Quote
OR what do you think about something in the middle, you deposit csc and get chips worth the realtime fiat value of that csc. Then if you cash out, you get csc back in the realtime fiat value of your coins at that moment..

I think kopam is saying that a lot (most?) online sites don't have their own chips. Games are played using fiat directly.
So to target "existing" game / casino sites, what you are saying is not really feasible.

Yes, but the last part was for casinocoincity Smiley
hero member
Activity: 518
Merit: 500
I'm glad that some one took the time to read it all Smiley
I am sorry to hear transcoder has health problems, i hope he gets well fast !
But i think this is exactly the problem, a successful coin can not be a one man army. There have to be other people that can step in when some one has problems. Its only natural for people to have different problems.
I did never personally talk to transcoder so i don't know his opinion but i just think it would be great to have at least 2 ( the more the better ) people working on the coding part of the coin.


My idea about the pages is exactly that - get all in one place, and remove all the confusion ( 2 logo's etc, people wondering are there 2 casino coins ? )


I think that any one can help to the coin, even if you dont have skills that are required right now and you can not make any donations, that is just fine. There are plenty of ways to contribute, you can talk to other people, when the FB page is up , you can help to promote it, if you are using other forums, you can start a thread there and talk about the coin etc. ACTIVITY is the key, when there is no fuzz about the coin, its slowly gonna die. As soon as there is a plan on how to proceed, and major things are fixed, i will make sure to start a thread in every big poker forum out there i know and if the community itself supports it, we can get a lot more people into the coin.


Yes we need a CSC - USD exchange, but right now i do not think this is possible. Still, we do not need to hurry, lets first get a running web page with all on it, lets get more people talking about the coin, then lets get it on all alt currency exchanges with a somewhat stable prize and THEN we can think on other things. Right now the only exchange is Cryptsy with VERY low volume, if we do not change that, they might even remove the coin ! No one will be happy about that. The coin has so much more potential then half of the coins on other exchanges, just no real strategy.


Yes all gambling operators are using fiat. So no one will implement a special chip at this moment. And the real future of the coin lies in the gambling operators. So even if its hard, its better to think in the right direction from the start.


Cheers all !
legendary
Activity: 1638
Merit: 1011
jakiman is back!
I see what you re saying, but this would mean the house should act as an semi- exchange.
This might be possible, but the house should have a bunchload of fiat money on the side!

But most casinos do have a whole heap of money on the side.
It's by law in many countries that they have enough money to be able to pay any winnings to the player.

Quote
OR what do you think about something in the middle, you deposit csc and get chips worth the realtime fiat value of that csc. Then if you cash out, you get csc back in the realtime fiat value of your coins at that moment..

I think kopam is saying that a lot (most?) online sites don't have their own chips. Games are played using fiat directly.
So to target "existing" game / casino sites, what you are saying is not really feasible.
legendary
Activity: 1638
Merit: 1011
jakiman is back!
I said some of the things already a few times but i will say them again.

That was one awesome post with some great ideas/tips!

Quote
First of all i think that there has to be a clear idea of who is working on the coin. After all people have to know if the coin is secure = is some one working actively on improving and maintaining the coin itself ? And this person/persons have to be active in the thread, people tend to loose fate if they don't see the creator of the coin - after all, if he does not think his coin has a future why should they ? ( its just my opinion, i do not mean anything bad ). Of course the community has to support  this person, right now i guess the best way is with donation. I personally will be very happy to regularly  donate if i see that the coin is improving and work is being done.

I agree. casinocoin is doing good for the coin but also for his business obviously. =)
If transcoder cannot support this coin regularly, someone else needs to become a co-developer.
(I think I read somewhere that transcoder being quiet was due to health issues?)

Quote
right now there are 2 pages for the code - one made by the creator ( transcoder ) and one made by casinocoin  - this looks strange to be honest and i think this can push people back. Why not gather the efforts and make all in the same place ?

I think the main web page http://casinoco.in/ is not bad.
But the main page could be improved with better looks etc to make it more professional. (But I'm no web/graphic designer. =p)
Also, the forum.casinoco.in link is dead! Having another site Casinocoin.org is also very confusing to newcomers. Not good IMO.

1 thing I'm also confused about is the main CSC logo.
There are 2 different logs on OP and also on the main website.
Which is the main logo?

Other than casinocoin making his own casino, I don't see any active support for this coin by the developer nor the community.
I have ZERO useful skills (nor money) for CSC development other than give ideas/feedback in the forums and make some tiny buzz.
If I could code or build a nice web site, I would be all over CSC!!  Grin

Quote
The idea should be to use casino coin as one of the options for funding the players account.

I agree. As you say, existing online casinos bet using fiat. So CSC will need to be converted to fiat.
With only Cryptsy supporting CSC/BTC exchange, it won't go very far.
Need a dedicated exchange for CSC/USD & CSC/EUR such as what TAG has. (http://trade.tagbond.com/)
But it seems TAG is a proper "company" with lots of employees and with a lot of investment money put into it.
I doubt that will happen with CSC unless a big high roller / casino / rich guy invests in CSC to improve its infra.

Quote
To end it i just want to say that i love the idea of the coin ! I will do all i can to support it. I can provide help with logo,banner, graphic designs ( just not web page design atm ) , i can provide facebook support and if i see that the people behind are working actively on the coin i will even fund FB campaigns myself. When we are ready i can start negotiations with gaming operators.

This coin was waiting for a person like you!! I think you definitely should work with transcoder / casinocoin.  Grin
All I can say is that you will be greatly appreciated by a lot of people (and with donations) if you can provide such improvements for this coin.
sr. member
Activity: 336
Merit: 250
Nice posts, even though they are long... People interested in csc will certainly dig through them.

I just have one addition, in order to become a gaming currency, we should have a stable price csc/usd csc/eur csc/yuan csc/yen.
Because if a player wins and the btc price and/or csc/btc price drops.. He or she will still have lost money instead of winning.

Is there a possibility of pairing csc directly with fiat money?


This is another reason i think that the casino coin should be used to fund the accounts with fiat. And not as an actual chip. Maybe in the future when its more stable we can think also of that but right now it would be madness for any player to do it. As you said he can deposit for example 100CSC that are worth 10$, then he plays for 2 hours and has 300 CSC but the prize has gone drastically down so now he has 8$.
One of the main things that have to be considered with gambling is that the bigger % of people ( anyone that is not doing it for a living ) want to have FUN ! they want to deposit - player - eventually withdraw , if they don't loose it all  Shocked ). And looking for exchange rates, waiting to withdraw until the prize goes up etc - that's not really the definition of fun  Smiley So well i said how i see things in my long post, if any one cares to read that long haha

I see what you re saying, but this would mean the house should act as an semi- exchange.
This might be possible, but the house should have a bunchload of fiat money on the side!

OR what do you think about something in the middle, you deposit csc and get chips worth the realtime fiat value of that csc. Then if you cash out, you get csc back in the realtime fiat value of your coins at that moment..

What do u guys think?
hero member
Activity: 518
Merit: 500
Nice posts, even though they are long... People interested in csc will certainly dig through them.

I just have one addition, in order to become a gaming currency, we should have a stable price csc/usd csc/eur csc/yuan csc/yen.
Because if a player wins and the btc price and/or csc/btc price drops.. He or she will still have lost money instead of winning.

Is there a possibility of pairing csc directly with fiat money?


This is another reason i think that the casino coin should be used to fund the accounts with fiat. And not as an actual chip. Maybe in the future when its more stable we can think also of that but right now it would be madness for any player to do it. As you said he can deposit for example 100CSC that are worth 10$, then he plays for 2 hours and has 300 CSC but the prize has gone drastically down so now he has 8$.
One of the main things that have to be considered with gambling is that the bigger % of people ( anyone that is not doing it for a living ) want to have FUN ! they want to deposit - player - eventually withdraw , if they don't loose it all  Shocked ). And looking for exchange rates, waiting to withdraw until the prize goes up etc - that's not really the definition of fun  Smiley So well i said how i see things in my long post, if any one cares to read that long haha
sr. member
Activity: 336
Merit: 250
Nice posts, even though they are long... People interested in csc will certainly dig through them.

I just have one addition, in order to become a gaming currency, we should have a stable price csc/usd csc/eur csc/yuan csc/yen.
Because if a player wins and the btc price and/or csc/btc price drops.. He or she will still have lost money instead of winning.

Is there a possibility of pairing csc directly with fiat money?
hero member
Activity: 518
Merit: 500
There have been some really good comments in the last few days. Its good to see that there are people wanting this coin to succeed.
But i think we need a good plan in order to make this happen.
Right now casinocoin is doing a great great job with making the first casino etc but in order for the coin to go up we need some gambling operators to start accepting it.
This is still in the future as there is a lot to be done before proposing the casinocoin to any one.

I said some of the things already a few times but i will say them again.
First of all i think that there has to be a clear idea of who is working on the coin. After all people have to know if the coin is secure = is some one working actively on improving and maintaining the coin itself ?
And this person/persons have to be active in the thread, people tend to loose fate if they don't see the creator of the coin - after all, if he does not think his coin has a future why should they ? ( its just my opinion, i do not mean anything bad ). Of course the community has to support  this person, right now i guess the best way is with donation. I personally will be very happy to regularly  donate if i see that the coin is improving and work is being done.

After that there is the team that cares for the marketing of the coin.
- amazing logo
- great banners
- advertising ( banner exchange ) anywhere possible, even the smallest web pages are great help. Forum threads in different forums.
- web page that has great looks and everything on the coin in one place. pretty much a place where a person that hears for crypto currency for the first time can come and easily understand all about casino coin.
* that includes various guides with pictures, information on how to buy, sell, mine, play with the coin, best and most secure way to keep the coin ( people are really afraid of being hacked )
* profitability calculator, current and expected difficulty
* all exchanged and current rates
* and most importantly - all places that accept the coin, all places the coin is being discussed
* i am sure there is more then that but even that would be an amazing start

right now there are 2 pages for the code - one made by the creator ( transcoder ) and one made by casinocoin  - this looks strange to be honest and i think this can push people back. Why not gather the efforts and make all in the same place ?

So if we have this 2 teams working actively together then for sure there will be a bright future for the coin. But i definitely think that the key to all is working together. All people that want to help in one of the teams should have some sort of skype group, IRC chat, or anything like that. Pretty much a place where they can discuss and plan the future of the coin.


Now i would like to say some thoughts on the gambling side. I have been in this business since A LOT of time. As a player, as a poker manager in pretty big rooms and now i am running a very successful affiliate web page. So i will give my point of view.

All gambling operators look for one thing only - profit. So if you can offer them a way to increase the profit, they will like the idea and jump in. No one will go after the idea just cuz its great.
So what can the casino coin offer them ?
For one its the low transaction fees, as stated in a previous comment, Credit card charge backs are not very nice. Even transactions to Skrill, Netteler are way bigger then what casino coin can provide.
But how will the players use the coin ? And i think this is the most important part.
Right now if we say a big company wants to use the coin. The games everywhere are in USD/EU whatever currency. So to think that they will change that and start using casino coin is madness.
The idea should be to use casino coin as one of the options for funding the players account.
But how will that happen ? The player will deposit CSC to his wallet in the room, after that he has to convert his funds to the desired currency and play with it - after that he can either convert back or keep it. Pretty much as
the exchange between diff currency works at Pokerstars.
The problem that i see at this moment is that the room has to convert the players CSC to cash, then the room has to convert the CSC -> BTC and THEN BTC>cash. And no room will do that manually. Even if its just CSC-> cash the exchange has to be done automatically  : player deposits 1000 CSC, then sends a request to transfer 1000 CSC -> Cash, room give's him a rate , exchanges 1000CSC for cash and in the same time give's him the money.
So i think that the main thing to be done here is a program that can do that automatically. So when we go to the gambling operators we give them a full solution.
Meaning - you get the full package. You get CSC implemented on your web page and then you get this program that works with Cryptsy, Coin-e, any exchange that accepts coins. When the player requests to buy cash for CSC, the program automatically gives him the exchange rate and when he presses the BUY button, the program automatically sells the amount at the exchange and give's him the money.

Okay its starting to get a very long post and i think not many people will read it Smiley
To end it i just want to say that i love the idea of the coin ! I will do all i can to support it. I can provide help with logo,banner, graphic designs ( just not web page design atm ) , i can provide facebook support and if i see that the people behind are working actively on the coin i will even fund FB campaigns myself. When we are ready i can start negotiations with gaming operators.
Right now i will donate a bit more and hope to get everyone excited on the coin, i hate seeing it loose value on the exchanges, lets change that !
I am sending another 250 CSC to casino coin and i will be very happy to donate some more to transcoder when he comes back !

Cheers all.
full member
Activity: 125
Merit: 100
1250 CSC donation sent. Happy to help!!!
legendary
Activity: 1638
Merit: 1011
jakiman is back!
I love your idea of having a in house chip that is obtained when you transfer in CSC, I will run this by my developer and see what he has to say!

Glad you liked it. =)

I think it is best if CSC is used predominantly as a crypto currency to buy in-house chips rather than use it as a casino chip itself.
Reason being is that once CasinoCoinCity opens up, if CSC is used as its main chip, other Casinos might want their own crypto chip instead.
It would also deter other exchanges from supporting CSC as they might think it will just benefit CasinoCoinCity.

I think what we all want is for CSC to be used as a main crypto currency for online casinos instead of fiat currency (USD/EUR/AUD etc).
And CasinoCoinCity will be the front runner by supporting CSC deposits first.

Basically, CSC Accepted Here logo is what we need so (hopefully) other online Casinos can do the same.
Can someone or casinocoin/transcoder be able to create such logo? OGC has one already from launch I noticed.

Quote
On Beta test day this coming week there will only be a slot machine, because we are looking to see how the backend handles the transactions.
There will be a thread created very shortly for CsCity!

As long as that slot machine looks good enough to rival other online casinos, I think it would be a great start.
Then I guess you can use that lot machine as a template for other machines with different graphics, features, jackpots etc.

Quote
The bets will be lowered to 0.01 but the ability to play with 1 csc will still be there!

I assume that's per line? So up to 9 CSC per spin being possible? That's quite a decent bet amount! Very nice.

BTW, I personally think you don't even have to accept BTC within the casino initially. Just CSC will do fine for buyinbg in-house chips.
If casino is good enough, people will come and play even if they have to exchange their BTC into CSC at Crypsty.  Grin
It would hopefully increase CSC buy/sell volume at Cryptsy more which would make it easier to convince other exchanges also.
If it's not good enough, people won't play even if BTC or even USD/EUR etc is accepted.

So yeah, quality of games & site experience is crucial to success. I'm sure you know this already.  Tongue
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