Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS - page 207.

vinne81

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Quote from: ISAWHIM on July 11, 2013, 07:47:40 AM

Quote from: Vivisector999 on July 10, 2013, 09:51:18 AM

The Bottlecap foundation gets a donation from people playing in the Casino??? Then for sure I am going to sign up.

Also, I was wondering, Does gambling in a Casino add value to Bottlecaps? Or does the whole thing basically look like 2 transactions between wallets, and nothing to build upon the value of the coin?

Gambling adds no value to the coin, if anything, it degrades it.

As a gambler, 1000's loose, and the house wins, and the 1 winner wins coins. The house cashes-out, and the gambler may or may-not cash-out also. In the end, there was no "losses" of coins value, other than the tiny bit of operating costs for the lotto/gamble.

However...

If the holdings are re-invested (thus, not in cash-out), in another gamble... That removes those coins from circulation for the duration of the lotto/gambling time, before the winner is drawn. That causes a slight "bump" in the market, for the positive value. But that turns into a negative value once they are later cashed-out.

Unlike a bank, that lends your holdings to others... holding coins is just stalling decreased value to a future date. The hope is that the value rises faster than the holdings value, so less losses are shown, at the time of dumping coins for a cash-out.

I think you're overthinking this and comparing too much with real economies. Coin gambling adds value to new coins because people can do something with them for the time being. I agree, many lose, few win at a casino. That's how it works. The more risk you take, the higher the potential return. Nobody is forced to play of course...

At a casino you are buying entertainment and a chance to win a lot of coins. Is that a life-changer for a coin? No. But it's better than just getting coins in your wallet from faucets etc, waiting for God knows what.

Anyway in lighter news, you guys do know CAP can be used at the casino right? Thx to John Eden for that! Grin

ISAWHIM

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Quote from: Vivisector999 on July 10, 2013, 09:51:18 AM

The Bottlecap foundation gets a donation from people playing in the Casino??? Then for sure I am going to sign up.

Also, I was wondering, Does gambling in a Casino add value to Bottlecaps? Or does the whole thing basically look like 2 transactions between wallets, and nothing to build upon the value of the coin?

Gambling adds no value to the coin, if anything, it degrades it.

As a gambler, 1000's loose, and the house wins, and the 1 winner wins coins. The house cashes-out, and the gambler may or may-not cash-out also. In the end, there was no "losses" of coins value, other than the tiny bit of operating costs for the lotto/gamble.

However...

If the holdings are re-invested (thus, not in cash-out), in another gamble... That removes those coins from circulation for the duration of the lotto/gambling time, before the winner is drawn. That causes a slight "bump" in the market, for the positive value. But that turns into a negative value once they are later cashed-out.

Unlike a bank, that lends your holdings to others... holding coins is just stalling decreased value to a future date. The hope is that the value rises faster than the holdings value, so less losses are shown, at the time of dumping coins for a cash-out.

Lauda

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Terminated.

Quote from: John Eden on July 10, 2013, 08:55:18 AM

Hey everyone exciting news coming soon for bottlecaps will be another update and the price is holding strong.

The casino action at coincasino.cc is looking good too. Support the casino and your supporting the foundation so have some fun and gamble some CAPs heck you could double your money!

More details about update please Shocked

CaptChadd

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Product Marketing & Promotion / Software Developer

This is great news. This is by far one of the best new coins developed.

John Eden

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Have you mined Bottlecaps today?

Looks like a transaction and yes coins gambled contribute to the foundation.

Vivisector999

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The Bottlecap foundation gets a donation from people playing in the Casino??? Then for sure I am going to sign up.

Also, I was wondering, Does gambling in a Casino add value to Bottlecaps? Or does the whole thing basically look like 2 transactions between wallets, and nothing to build upon the value of the coin?

John Eden

member

Activity: 98

Merit: 10

Have you mined Bottlecaps today?

Hey everyone exciting news coming soon for bottlecaps will be another update and the price is holding strong.

The casino action at coincasino.cc is looking good too. Support the casino and your supporting the foundation so have some fun and gamble some CAPs heck you could double your money!

CaptChadd

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Product Marketing & Promotion / Software Developer

I am very impressed by how active the dev team is for coin. Always a good sign of things to come.

mullick

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Quote from: ethought on July 09, 2013, 08:10:04 AM

Im getting an error trying to compile the source on Ubuntu:

Code:

main.cpp: In function ‘std::string GetWarnings(std::string)’:
main.cpp:2790:64: error: expected ‘)’ before ‘!’ token
make: *** [obj/main.o] Error 1

Anyone else seeing this / know how to fix?

I had a silly typo in my latest commit. Should compile smoothly now.

Quote from: philipkdick on July 09, 2013, 11:32:40 PM

Quote from: John Eden on July 09, 2013, 03:25:59 PM

It is very important to update your wallet to prevent forking of the chain watched a few coins fall to the fork recently. If you run a pool update to the latest client!!!! Always update all of your wallets for all ALT coins.

Has there been a wallet since the logo change ?

No there will be a new update coming soon. You can compile the sources now or wait until I release the new Windows binaries in the coming days. All that has been done is a proper checkpointing fix. I will update with one more checkpoint right before the new client

philipkdick

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Quote from: John Eden on July 09, 2013, 03:25:59 PM

It is very important to update your wallet to prevent forking of the chain watched a few coins fall to the fork recently. If you run a pool update to the latest client!!!! Always update all of your wallets for all ALT coins.

Has there been a wallet since the logo change ?

ISAWHIM

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Quote from: CaptChadd on July 09, 2013, 04:49:40 AM

Did you know that Fallout Online was in the works but I think it is on hold right now but if we could eventually get this coin to be a true in game currency for FO that would be groundbreaking.

Unfortunately, Bethesda and other rights-owners, would never allow it as an internal coin. However, getting them to accept it as a "type" of purchase currency might be possible. But chances are, they would reject the offer, since it is too similar to in-game content, and they would not want anyone mistaking it for being "Created or endorsed" by them.

If they took it over, it would no longer be a coin you could mine, and would be a coin that you have to purchase from them. Thus, defeating the purpose of it even being created. (Because they could just cut-out the overhead and charge you dollars. Essentially making the coin as useless as a paypal-coin. Unless they just want to do that, in hopes you can't spend it all, or forget about it, reclaiming the losses as "free loans". Which is how paypal once operated, to become what they are today.)

John Eden

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Activity: 98

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Have you mined Bottlecaps today?

It is very important to update your wallet to prevent forking of the chain watched a few coins fall to the fork recently. If you run a pool update to the latest client!!!! Always update all of your wallets for all ALT coins.

ethought

legendary

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Im getting an error trying to compile the source on Ubuntu:

Code:

main.cpp: In function ‘std::string GetWarnings(std::string)’:
main.cpp:2790:64: error: expected ‘)’ before ‘!’ token
make: *** [obj/main.o] Error 1

Anyone else seeing this / know how to fix?

CaptChadd

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Product Marketing & Promotion / Software Developer

Did you know that Fallout Online was in the works but I think it is on hold right now but if we could eventually get this coin to be a true in game currency for FO that would be groundbreaking.

A currency that has to be truely earned through either mining which eventually would stop due to the difficulty if it got added to the game so purchasing the Caps would be the only way.

Imagine the publicity of such a ground breaking accomplishment.

I love Bottlecaps and I love Fallout 1,2 and 3.

digitalindustry

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‘Try to be nice’

Quote from: BitJohn on July 08, 2013, 09:14:36 PM

I think the biggest issues have been with stratum pools most of the pool owners have had to write their own code to support CAP's I know vern did and he is tweeking it all the time.

+1

Zero problems here I stayed off the stratum .

The hash estimate was all wrong but I knew this was because the pools were not ready to calculate them.

But based off what I received another comparable currency at their rate , my reject orphan is very low.

BitJohn

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@Bit_John

Quote from: GoldBit89 on July 08, 2013, 10:07:13 PM

Quote from: John Eden on July 08, 2013, 05:05:38 PM

We will look into if there is an issue. What pools specifically are the issues on I am mining it and have not had a lot of rejects hardly any actually.

silverwolfs pool has quite a bit lately and very unusual for his pools too.

I know both Vern and silverwolf are working on the pool side issues.

GoldBit89

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Its all about the Gold

Quote from: John Eden on July 08, 2013, 05:05:38 PM

We will look into if there is an issue. What pools specifically are the issues on I am mining it and have not had a lot of rejects hardly any actually.

silverwolfs pool has quite a bit lately and very unusual for his pools too.

BitJohn

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Activity: 826

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@Bit_John

I think the biggest issues have been with stratum pools most of the pool owners have had to write their own code to support CAP's I know vern did and he is tweeking it all the time.

digitalindustry

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‘Try to be nice’

Quote from: John Eden on July 08, 2013, 05:13:34 PM

We have another updated coming soon with a new checkpoint and are going to see if there is any other issue that might cause the extra orphans.

Are the Checkpoints Dynamic or will we download the Client again ?

I've been mining , no problems at all - i didn't move to Stratum but , so maybe the issue is there?

John Eden

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Have you mined Bottlecaps today?

We have another updated coming soon with a new checkpoint and are going to see if there is any other issue that might cause the extra orphans.

Topic: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS - page 207. (Read 388610 times)