Chesscoin ICO .... Stay away! - page 2.

jjacob

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Quote from: LegitPoker on June 16, 2016, 12:09:44 PM

maybe have site that welcomes bots? Make it for the programmers and let them compete vs eachother. (maybe get lots of stailmates and just take rake)

Stalemates are not the result when computers play against each other. The stronger engine usually wins.
In any case, bitcoin can be used to fuel any platform. You don't need an alt.
I suspect it will turn out just the way letsplayagame predicted.

LegitPoker

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BitLegit.com - btc poker

maybe have site that welcomes bots? Make it for the programmers and let them compete vs eachother. (maybe get lots of stailmates and just take rake)

aioc

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Quote from: insidertradingeverywhere on June 16, 2016, 11:22:16 AM

truth is you can't compete with chess.com with that garbage-coin.

Of course they know that but I don't think they are here to compete but to complement the world of chess,let's give it a chance ,the fund is on escrow,they are doing a legit campaign i'm watching this campaign we don't know how will it goes.maybe this so called grandmaster are pissed off because he is now the first one who thought this idea..

insidertradingeverywhere

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The world’s first Play, Learn and Earn

truth is you can't compete with chess.com with that garbage-coin.

Isolani159

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Merit: 252

Quote from: letsplayagame on June 15, 2016, 05:43:05 PM

Without question this is a horrible idea. The ICO model is extremely greedy and development is focused on ideas that will not work. Any online chess tournament with significant prizes will attract bots strong enough to beat the best players in the world.

No evidence of Chess DAPPs ideas of any value have been presented. I see lots of buzzwords and zero substance.

Stay away!

Quote from: Isolani159 on June 13, 2016, 01:04:30 PM

There are thousands of chess games played online everyday. Enthusiastic chess players spend a lot of time playing chess without any achievement. Many chess softwares and websites have built up modern platforms for chess players to fight against computer and human or to join online tournaments in all formats which are the same as authentic tournaments. The difference between those two tournaments is that online players just receive virtual medals without any material value. If there is a game-based platform in which chess players are paid whenever they win a game or a tournament, it would be great chances for millions of people whose dreams are to play chess for real award. That platform which is based on an advanced prize delivering system will hold both amateur and professional tournaments in all levels. Accompany with the quick development of blockchain technology, that platform will eventually come true. We, the men who are enthusiastic in both chess and cryptocurrency have been working hard to build up a Blockchain based Chess Dapp or Decentralized Chess Playing Platform which is fueled by a cryptocoin, named ChessCoin.

ChessCoin Specifications

Coin name: ChessCoin
   Coin Ticker: CHESS
   Algorithm: Scrypt
   Type: Hybrid PoW/PoS
   PoW lasts for 4096 Blocks
   PoS works from beginning.
   Block reward: 64
   Target spacing: 64 seconds
   Max supply: 74.666.667
   Premine percent: 64%
   Premine amount: 48.000.000
   Min stake time: 2 hours
   Coinbase maturity: 32 blocks

Premine is used for ICO to raise fund for further development of ChessCoin based Dapps. PoW which lasts not too long (4096 blocks) is for stabilizing and securing ChessCoin network at the early phase. 32% anual stake reward would not be high because this will encourage ChessCoin investors to hold it for long term. One another important thing is that an impressive PoS reward will be more attractive to chess community. The more people join in , the more value ChessCoin will increase.

Poorly thinking of a Chess Grandmaster.
No matter where the ChessCoin's project will go.
It will help widespread Chess games to the world of cryptocurrency. I guest this is also your purpose when you appear here.
This has been the first project ever introducing Chess into this big forum. Then its efforts deserve a Bravo instead of damn.

Nick70001

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Activity: 154

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Quote from: ICOcountdown.com on June 16, 2016, 01:05:36 AM

If it's not on http://icocountdown.com don't trust it. Wink

Haha nice plug. It must be a scam

ICOcountdown.com

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If it's not on http://icocountdown.com don't trust it. Wink

insidertradingeverywhere

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Activity: 468

Merit: 100

The world’s first Play, Learn and Earn

Quote from: letsplayagame on June 15, 2016, 05:43:05 PM

Without question this is a horrible idea. The ICO model is extremely greedy and development is focused on ideas that will not work.

something all these icos have in common because if you had something that would work you would release it without presale because that would be the road to success, everyone knows that. So ICO = scam or broken product by default

Not 99% but 100% of icos are cashgrabs but most you people only notice when quality is through the basement already.

I just very quickly look over the text. "Premine 64%" it hurts my eyes. If i would see something like that i'd close the tab in less than a second.

jjacob

legendary

Activity: 1554

Merit: 1026

★Nitrogensports.eu★

I agree that it looks like a 'scammy' idea.
You don't have any bitcoin based chess tournaments right now, only because it is very difficult to prevent online cheating.

ArticMine

legendary

Activity: 2282

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Monero Core Team

So this is a blockchain implementation of the Fool's Mate, https://en.wikipedia.org/wiki/Fool%27s_mate, where those who buy this coin are on the receiving end of the mate.

letsplayagame

sr. member

Activity: 308

Merit: 250

Without question this is a horrible idea. The ICO model is extremely greedy and development is focused on ideas that will not work. Any online chess tournament with significant prizes will attract bots strong enough to beat the best players in the world.

No evidence of Chess DAPPs ideas of any value have been presented. I see lots of buzzwords and zero substance.

Stay away!

Quote from: Isolani159 on June 13, 2016, 01:04:30 PM

There are thousands of chess games played online everyday. Enthusiastic chess players spend a lot of time playing chess without any achievement. Many chess softwares and websites have built up modern platforms for chess players to fight against computer and human or to join online tournaments in all formats which are the same as authentic tournaments. The difference between those two tournaments is that online players just receive virtual medals without any material value. If there is a game-based platform in which chess players are paid whenever they win a game or a tournament, it would be great chances for millions of people whose dreams are to play chess for real award. That platform which is based on an advanced prize delivering system will hold both amateur and professional tournaments in all levels. Accompany with the quick development of blockchain technology, that platform will eventually come true. We, the men who are enthusiastic in both chess and cryptocurrency have been working hard to build up a Blockchain based Chess Dapp or Decentralized Chess Playing Platform which is fueled by a cryptocoin, named ChessCoin.

ChessCoin Specifications

Coin name: ChessCoin
   Coin Ticker: CHESS
   Algorithm: Scrypt
   Type: Hybrid PoW/PoS
   PoW lasts for 4096 Blocks
   PoS works from beginning.
   Block reward: 64
   Target spacing: 64 seconds
   Max supply: 74.666.667
   Premine percent: 64%
   Premine amount: 48.000.000
   Min stake time: 2 hours
   Coinbase maturity: 32 blocks

Premine is used for ICO to raise fund for further development of ChessCoin based Dapps. PoW which lasts not too long (4096 blocks) is for stabilizing and securing ChessCoin network at the early phase. 32% anual stake reward would not be high because this will encourage ChessCoin investors to hold it for long term. One another important thing is that an impressive PoS reward will be more attractive to chess community. The more people join in , the more value ChessCoin will increase.

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