Topic: [OLD][CSC]CasinoCoin ♠ A Digital Currency For The Regulated Online Gaming Sector - page 183. (Read 343080 times)

I took a look at their financials, and if the reporting is correct, c-cex is making pretty much no profit at all. According to their Trade Volumes page, they've only done 16BTC volume in the last 24 hours. With a .2% fee on both the sell and buy side, they're only making .064BTC/day. Even that number may be high, considering 25% of that volume is ROXcoin, which is a dump-scam that was ninja-launched for a 24hr POW phase.

Awesome! I graduated, became Bachelor of IT. Looking for casinocoins to create a living like Dan Bilzerian ^^

CMraGdXAWPc8FEa16ErYm8SAJSBecik6dS

C-CEX, just so you realize, the customers who sold the CSC and YOUR transaction fees were purchased with bitcoin that IS in a current blockchain.  You have the ability to revert it.  You CHOOSE not to.  You lack of action and your current choice of action have stolen both monetary value and potential profit from your customers who paid a transaction fee for transactions that never manifested.  If reverting will show the negative balances and identify the CSC sellers, perhaps you can find resolution with that knowledge.  If you do not have the funds to cover these small loses, how can any investor take you seriously?  Your actions are on the line of being criminally negligent.  It is your duty to provide a just remedy to the your clients who suffered loss.  It isn't just that you and a handful of CSC sellers profit from the exchanges negligence to perform the actions you contracted to perform.  Find a remedy.   The Universal Comnercial Code is applicable in every nation and it does provide recourse.

If you have poorly managed your funds, then I suggest you find another viable means of compensation.   Several have been mentioned.  Viable stock in C-CEX might be your best option.  Payment plans with interest another. Find one that justly compensates the loss and burden of recooperation justly.

Thank You for helping to explain situation. All You wrote is true.
I don't agree we have situation is "did not update in time". You can check - old wallet is available, old network is still working. And we have coins in old network. So for us this is like new coins. Usually dev make swap new coins to old one (FRX, CFC etc). In this situation we can only offer coins that exists in old blockchain.

Important Announcement: (REPOST)

We've added two new opt-in mailing lists to help distribute announcements for Casinocoin more effectively. Don't worry. We're not selling you anything and we won't be sending out more than a couple mails per month at most. This is more to broadcast version updates. release notifications, etc for pools and services. This allows pool owners or other interested parties to tell us they want an email when something comes out that may affect them.

So, if you operate a pool or similar service that relies on running a Casinocoin wallet and would like to be notified of new client releases, hard forks, or service issues affecting the Casinocoin network, then please sign up for the "Casinocoin Development News" mailing list here: http://eepurl.com/WGcoP

If you are a general user and would like general news notifications regarding Casinocoin, we are providing a "Casinocoin Announcements" mailing list. Please signup here if you wish to receive these notifications: http://eepurl.com/WGeu1

Thank you!

I discussed this with C-cex and he refuses to do so because he doesn't have the BTC to cover the resulting BTC discrepancy. That being said, I believe his resulting BTC liability will be smaller than the CSC liability. However, he hasn't told me what these numbers would be.

I doubt C-cex will find a solution since they seem to lack capitalization. My suggestion would be for you guys to talk to c-cex about potentially investing CSC into his exchange in exchange for some ownership. I don't know if he would consider this, but it could be an appropriate way to fix his CSC discrepancy and show support for the exchange.

If you don't find an alternative to resolve the discrepancy, then c-cex is likely to declare those coins lost.

It has been added

You can find CasinoCoin here, https://bitkee.com/order

We are working on a new improved order page with some additional products and options for everyone and CasinoCoin will be supported there as well.

Thank you,
Jay @ bitkee

C-CEX: Why don't you revert all trades since the fork? Cryptsy does that sometimes in this situation.

After you can see which users have negative balances and it would be up to them to make their account right by transferring more in.

How is the bitkee development coming along as theres no mention of it on the bitkee website? as soon as proof that this bitkee is being made the better as it reinforces the strengt and seriousness of csc

I thought the decision was posted:  The issue lies with the exchange and CasinoCoin will not pay for any of the losses.

Maybe that wasn't clear or maybe you're waiting to hear from another dev.

Regards...

Still waiting. To owner: In case You missed my message, please, post something.

 +1 Goldseal

+1 on what goldseal said

i only work with a couple exchanges, but now I understand why their wallets were offline for a couple weeks after the fork.. they did their due diligence,

t's been 15 days since I've notified C-CEX about the CSC issue, and that was after patiently waiting for delay in transaction time.  The  times I've inquired about compensation for this negligence, they have replied as follows:

2014-06-18 03:41:52 C-CEX supportWithdrawals made prior to 17/06 made from old wallet and goes to wrong forked blockchain. We are already negotiating to find solution with new CSC owners. Our goal is to get compensation for users made withdrawals after may,19 when fork occured and nobody was informed about it. Please, give us some time and we will find funds to refund this invalid withdrawals.

.2014-06-23 13:26:45 pandionrain: What is the status on compensation?

2014-06-23 13:48:18 C-CEX support5 days I don't have answer from CSC. If I will not get answer till tomorrow I will write official report about CSC problem.

2014-06-26 23:47:29 pandionrainHow's that official report working out?

2014-06-27 00:16:57 pandionrainHow's that official report working out?

2014-06-27 05:11:36 C-CEX supporthttps://bitcointalk.org/index.php?topic=616792.msg7503288#msg7503288

2014-06-30 14:46:05 pandionrainWhat's the status on compensation for csc loss?

2014-06-30 16:09:55 C-CEX supportThere is public discussion about this problem:https://bitcointalk.org/index.php?topic=616792.new#new


Now, it seems that most, if not all, of the community has expressed that the view that the burden should fall on C-CEX as a risk of operating an exchange.  C-CEX has a duty to manage deposits and withdraws and the duty to ensure their systems are operating properly, current and up-to-date.  It appears that

1) C-CEX is lacking in customer service and communication when handling the issue of losing its clients money.
2) C-CEX does not perform due diligence in updating coin wallets to current standards or ensure they are 100% functional before putting them online to its clients.
3) C-CEX expects the CSC community to cover its losses due to their installation of an incorrect wallet version.
4) C-CEX is reluctant to resolve this issue with their own funds.

Personsonally, my opinion is that C-CEX is unprofessional.  Any company worth its salt will immediately take responsibility for its actions or lack of actions that result in damage to its customers to a) maintain its integrity; b) to control any further damage that would lead to negative PR and and a reputation for being incompetent; c) prove themselves worthy to be the stewards of the funds its customers have entrusted to them; d) just do the right thing.

It is unacceptable for C-CEX to hold its clients property (a tort of conversion) while hoping for a community bailout.  I dont expect C-CEX to last another 4 months.  That's not soley due to the untrustworthy reputation they are bringing on themselves now, but for the lack of poor management and planning that has lead to this point.  People simply are not going to trust their money in incompetent hands.

I ask the CSC community to hold the exchanges accountable for their actions or lack thereof.  If the exchanges will not take responsibility for mishandling their clients funds which are entrusted to them in good faith then the entire crypto community suffers.  What are these coins worth but our faith and trust in trading them for value? If the exchanges can't be relied upon to carry out their responsibilities then the house of cryptos will come tumbling down.  It should be a privilege for an exchange to carry your coin, and that privilege must carry responsibility.  

There should be no room for "play time" exchanges who hope problems will just go away.  We need real exchanges that accept the real risks involved and take full responsibility to provide just remedy when they've dropped the ball.  

That's my two cents (that didn't get lost and ignored).

PandionRain

1.2.1 just includes a dns seed fix since transcoder's casinoco.in domain had expired and the project was forced to move to casinocoin.org. They are both compatible in terms of protocol. 1.2.1 will just sync more readily without requiring all the addnode entries int he conf file. Next week, we're planning a release of 1.3.0. So please join the update mailing lists, so you can get notified when the new client is ready.

Regarding the C-cex issue, I guess it's time for me to give my opinion. The root cause of the issue is that C-cex did not update their wallet when the May 19th fork occurred. Obviously, this has led to some finger pointing regarding notifications, transcoder's original threads, and who is responsible to the discrepancy. In an effort to seek resolution on behalf of some of the community members who were affected, we discussed this with c-cex and the only solution c-cex was willing to consider involved us creating coins for c-cex. This was approximately 1.5 mil coins or ~5% of the current number in circulation. At the time, we discussed the possibility of c-cex rolling back transactions after May 19th. However, c-cex was pretty confident that the exchange would not have the funds to settle the resulting negative BTC balance either.

Given the above, it is my understanding that c-cex also approached Casinocoin originally, believing him to be the owner/sponsor of the project, and asked him to fill the discrepancy. I did not participate in these discussions. However, it is also my understanding that Casinocoin was willing to pay the discrepancy out of his own pocket as long as this was a reasonable amount. Unfortunately, Casinocoin did not have 1.3 mil coins to give when he was told how large the discrepancy actually was.

Eventually, I was approached by C-cex and asked to make changes to code to create the coins that he needed. In the discussion, I established that although this was technically possible, it would not be ethical for me to make such a decision unilaterally. I do not own the coin. I only support the community that continues to breath life into the coin. This is why I asked C-cex to discuss this openly on the boards and make his situation public. In an effort to be fair, I have tried to not participate int he discussion and I offered that if the community was to develop a general consensus that altering the client to create the coins that c-cex needed was appropriate, then I would be willing to add the required code.

From the discussions that have resulted from the past few days, my observation is that the majority does not seem to support creating coins to bail out C-cex. In addition, many seem pretty vocal that it is the exchange's responsibility to resolve this issue. From what I have seen, there are also some concerns that C-cex may not have mitigated their situation to the best of their ability by implementing basic fraud controls to detect potential forks earlier before they become issues like this. In addition to reading the posts to the thread, I have had individual discussions with several individuals affected by this issue as well. Some of these individuals support the idea of printing the coins and some of them vehemently oppose the idea. Many are frustrated with the overall support response from C-cex. I believe it is completely understandable why individuals who were greatly impacted by this issue are turning to the devs to make changes to fix the issue. C-cex does not have the funds to absorb this discrepancy and there is a very high likelihood that they will not reimburse those who were affected.

Understanding, all of this, my personal opinion is that we should not introduce changes to create new coins in this situation. Having the option can be a useful tools in the right situation. However, I believe that in this particular situation, it would create a serious moral hazard , sets a bad precedent, and ultimately destroys value for the majority of community members that support the coin and follow the coin's rules. In general, these users do not believe that casinocoin should be in the business of insuring users of the coin. I think in this situation, C-cex is asking too much of all of us and I don't think we can support a bail out.

Please keep in mind that I have not discussed this in detail with Casinocoin since he has been busy with his move as of late. However, I'm pretty sure he'd agree that saying no in this particular case is the right the thing to do for the community. I'm sure we will have that discussion in the next couple days.

For the users who were affected by this issue, I hope that we don't lose your future participation in Casinocoin. Please understand that I get no personal enjoyment out of having to tell some of you that we can't make a quick fix. AT this time, it would be best to seek resolution with C-cex directly. If you support the exchange, maybe he might be willing to consider alternative forms of retribution. I have not discussed any of those scenarios, but I imagine that it would seem reasonable if he took on a few investors of CSC in order to raise adequate capitalization. This is something that affected users should discuss with C-cex if it is something you'd wish to pursue.

If anyone has any questions, comments, or otherwise, please message me. I will try to respond to everyone to the best of my ability. You can ask me anything. I'm not the type of person that will white wash anything.

Please keep us updated with new versions. Use the mailing list if there is any new update.
is 1.2.0 still usable? do i need to update to 1.2.1?

Weird thing just happened to my wallet. Looks like it lost all peers and was not able to connect to anyone until I added the list from the OP. It was working up until last Saturday. I imagine the new wallet coming out with working seed nodes will fix this but just thought I would report.

Edit: I see that 1.2.1 with updated seed nodes has been release in source form. Updating...

Edit2: xpool.net updated to 1.2.1

Popcorn time...this should be entertaining  

To keep things in perspective...were only talking about $4k worth of CSC at current market. If I was c-cex I would put in some low buy orders. They seem to be filling with the auto exchange pools selling.

C-Cex is probably looking at it from the perspective that it will take a long time to make back that $4k with exchange fee's.