Topic: [OLD][CSC]CasinoCoin ♠ A Digital Currency For The Regulated Online Gaming Sector - page 187. (Read 343080 times)

I live in Tokyo. Just woke up. Whats up? I'm on skype. Sent you a few messages, but you seem to be away. You can reach me on skype for the next 8 hours.

Can't reach CSC dev or owner. Please, get in touch asap.

Yeah, definitely makes the coin more attractive to online casinos if someone can readily purchase coins at an ATM and have them deposited directly to their wallet or even to a list of online casinos/poker rooms that accept them.

So far, I've had discussions with a certain manufacturer in China that is willing to rework the firmware for us for free if I provide menu screen mockups, language translations, and API information for interfacing to the cloud infrastructure that backs the ATM. None of this is particularly difficult. The cost of the floor standing ATMs form the manufacturer is $2200 for a cash-in only machine and $3500 for a cash-out/in FOB shenzen, which is particularly compelling as well.

Right now, my associate is working up the business plan and he's going to seek out investors in the near future to roll-out approximately 25 - 50 units initially. So, at this point the project seems to be moving forward. I still need to nail down the scheduling and timeframe for firmware development form the manufacturer.

From my discussions with the other people involved, if anyone is interested in running one of these ATMs and you have a suitable location in any major city, we would certainly be able to sell you an ATM or work something out once the product exists and we're ready to roll out the initial network.

Nice. This would certainly take Casinocoin to the next level.

Honestly I think large individual investors can be a good thing. More coins in fewer hands generally means that those individuals are longer term holders. This is mostly because the market is thin ad it simply is not possible to liquidate 2.5 million coins quickly which is one of the reasons I'm not thinking short term on the coins that I bought and mined.

I don't know why there is any discussion about people having large amounts of CSC. Everybody is able to acquire coins by either mining (like myself) or through buying. Allthough a lot of people are holding on to their CSC at this moment because of its potential to increase in value you still can get your hands on about 1.000.000 csc for about 2600 dollar. That is a very small investment in my opinion. If that is too much for you buy 10.000 or 100.000 CSC but stop complaining about others that are taking the risk to invest their time and money in this coin!!

I'm actually working on this right now. A friend of mine who is a product development manager for a large ITSP in Tokyo is putting together a business proposal. We will have more details available next month when he goes for funding. However for now, I can tell you that we're looking at deploying a network of ATM's both owned and franchised in several countries (both Asia and western countries) that will offer Bitcoin, litecoin, and casinocoin to start. So, in 6 - 10 weeks you should hear something from us.

If this is a product that you would eventually be interested in maybe purchasing/operating, this will certainly be an option. I'd like to release the ATM firmware for free and eventually arrange purchasing through the manufacturer. However, there would be a charge for the backend infrastructure that processes ATM transactions. If you are interested, I can create a mailing list for this.

And we have some deep pocket investor buying up all the CSC he can get.  Maybe we'll get lucky and get some financial support from that investor.

Can you imagine a few CasinoCoin ATMs in Vegas or other hot locations?  It would do wonders for raising awareness.  

Personally, I don't see any reason why casinocoin couldn't be a $400k market cap coin or even a $2 million market cap coin int he next 6 months. There's alot that needs to be done in addition to working on the dilution problem. Basically, this is my vision for the future of this coin:

1. drop the max coins and subsidy in July
2. make the coin easier to integrate - we'll start enhancing API's and maybe put out some casinocoin specific libraries for ruby/php, etc
3. improving software delivery - already working on release processes, mailing list to broadcast dev info, etc
4. improving availability - pushing for more exchanges to carry the coin and other more local means
5. promoting both the creation of new gambling sites - casinocoin needs places to be used. we can improve this
6. promoting casino funding - if we get a few things right and the market cap is higher then we should be able to get a few online poker and casino rooms to add this as a USD/euro funding option or even a transfer mechanism between casinos
7. improving general support for the coin - just this week Bitkee agreed to start selling casinocoin metal wallets for example. we're trying to get more digital currency support businesses to offer casinocoin related products. This only helps us popularize the coin and push it further. If you guys will, please check out Bitkee. They've been very supportive. Personally, I like the fact that you can now  buy casinocoin Bip38 metal wallets for physical storage.

If we keep working on this coin, it could be unstoppable. It's not just about the price. It's about makign an environment for the coin to be used everyday in real world applications. Definitely not a short term pump and dump scheme.

Sorry. I was mixed up. I was thinking of GoldSeal.


This actually makes sense. Sometimes you just need to hear the same words stated a different way.

I concur, I dont think comparing this to a premine is very accurate, Casinocoin has been out for quite a while and everyone has had a chance to mine and hold..  the changes are a good thing and if they are not we really have not lost anything .. but to do nothing would mean this coin is likely lost to oblivion..

Have to agree with vlad. If we don't deal with the dilution problem, the coin won't be sustainable for the people that own it. If we do nothing, then we'll end up printing an additional 38 million coins in the next 12 months. That's some serious dilution. That will run off anyone who has invested in the coin and with a deteriorating $50 - 80k market cap, no casino is going to adopt it as a payment method. We need to get the market cap up.

With regard to stakes, I have 2,477,000 and I'm planning to hold for the longer term. At last count, I believe Casinocoin said he had about 600k having sold the bulk of his coins off. Mind you, we did not premine anything and we purchased/mined the majority of these coins just like everyone else.

One important thing to note is that we made every effort to discuss the proposed changes with the folks on the board and we're pretty confident that the majority are backing the changes coming in July. Based on these discussions we decided to give everyone a month to prepare and it's actually been interesting to see that more people have been showing interest in the coin in the past 3 weeks as well.

6 million coins?

Haha! I said I had ~300,000 CSC.  

And regardless if you own 1 CSC or 1 million, your % ownership, your benefit goes up exactly the same.

It is identical to a stock BuyBack for a stock.  Every holder wins by the same amount.

Identical.

When has a stock BuyBack ever been a bad idea for any company?


And it's better to have devs with 10% than a coin diluted and inflated into nothingness.  And it's not like the devs here instamined the coins like other quite popular coins.  They earned them so they deserve whatever % they have.

DarkCoin devs had over 50% of the coins out.  Cloak devs had way over 50%.  Other coins like quark or MAX were as high as 80%.

So even if devs here have 10% it really doesn't make much difference compared to many other successful coins.


Edit:  Nautilus Coin which is ran by a rich Wall Street money manager just had their PoW coins cut short from a planned 16 million to just 4 million.  ZERO PoW now.  Result:  Their price just shot up 300% on the news today.

So our 10 coins per block are plenty.

Let's follow the path of other successful coins and the examples set by famous millionaire money managers like Bryan Kelly before 3,000+ alt coins descend on us in the next 12 months and nobody will remember CasinoCoin.

I've been lurking for a while, and just wanted to put my opinion into the conversation.

First of all, I'm not new to Casino Coin. I mined it in Jan/Feb/March, but eventually gave up, due to the multipool issues that were happening at the time. I've started mining it again recently, since the development efforts have restarted, and currently hold a respectable, but not huge amount (~30k coins). I definitely believe in Casino Coin, and believe it could be a great coin with the right marketing and partnerships.

That being said, I have some concerns about new plans to cut down the supply. As a holder, I obviously like the idea of my coins going up in value, but the new distribution makes me question the motives behind the decision.

There have been 22.5mil coins minted so far, and Vlad and Casinocoin have admitted to owning ~6mil of those coins, or ~25% of the current available supply. With the current coin cap, that would be 1.7% of the total supply. But, by decreasing the total coin supply to 63mil, the two of them would own over 10% of all the coins that will ever be created. That doesn't take into account the cryptsy whale that's been buying up casino coins over the last month, who could own another 1-2mil coins at this point.

Then, the decision to cut block rewards to 10CSC per block makes it more difficult for newcomers to accrue coins. It's not that different from the PoW/PoS coins that have been coming out lately that are heavily bent toward the early adopters.

Just to be clear, I'm not trying to spread FUD or accuse anyone of anything. I have a solid stake in the coin, and want to see it succeed. As a holder I'm torn on this decision, because I would love to see the value of my CSC go up, but the whole crypto-world has made me see scams and greed everywhere I look. I'm not an economist or even an altcoin expert. The decision to cut the coin supply could be the best decision for the coin. I just wanted to share my opinion from what I see as a semi-outsider.

Ok my push for a profit switching pool seems to be going well, next objective is a push for an active facebook and twitter page, as well as perhaps other social pages such as stumbleupon and pinterest, specifically targeting both the gambling community and the mining community simultaneously; anyone agree? the success of dogecoin is all based on its popularity and following not how good it actually is.

If you want it to be instant, you'll need to load the book and sell your source coin for the highest bid. Then you load the book for CSC and make a purchase at the ask with the balance of the previous trade. This is pretty simple actually.

im not an expert so you will probably want your answer from someone else but from experience i can tell you that with ultracoin (that have this all set up) are scrypt-jane but the multi pool allows me to mine in x11 and scrypt which has paid me out the same per day as mining scrypt-jane, x11 paying the most so somehow they have it so profit isnt eaten up through transfers.

more people will be inclined to mine x11 as it uses little power and dosnt destroy your graphics card so quickly so good for newbies and people without dedicated rigs. but then scrypt and sha256 has alot of big hashers with mighty powerful  asic miners so the main 3 in my opinion should be x11, sha256 and scrypt, then once thats done probably x13 will become beneficial along with new algorithms that always seem to come out.

Some questions:
- Which coins and algoritms should be supported at minimum?
- Is Cryptsy the only exchange with a good API where CSC is traded?
- Should the CSC buy transaction take place at highest buy price + .00000001 or the lowest sell price?
- Will the double transaction costs still make the payout in CSC profitable to miners?

Once I have ww.xpool.ca sorted and bugs worked out, I will be looking at providing alternate payout coins.

casinocoin dosnt appear on c-cex anymore?