Topic: [OLD][CSC]CasinoCoin ♠ A Digital Currency For The Regulated Online Gaming Sector - page 39. (Read 343078 times)

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I believe we are very close to an official announcement

And prypto tweeted
We are bringing Blockchain to Gaming

On 30th nov / 1st dec - prypto tweeted:
We will shortly be bringing #CasinoCoin to the masses for Affiliate programs on behalf of online casinos #Prypto

I appreciate the cheeap coins over at cryptopia nevertheless I wonder why people are still selling csc with a loss? Prices are near all time low and mining is not really profitable. What am I missing?

After the launch and price increase, we should contact them to add CSC: https://www.cryptocoinsnews.com/load-visa-card-40-altcoins/

He told you guys last week what the schedule was. expect a press releases from DWS and Prypto to start by the end of the week. Production system to be shown to the public within a couple weeks.

Casinocoinsites "Lauching Shortly" 

Thanks Ajochems for the answer. That sounds great! What also would be of great interest is how technically this all works? How can the casinos use the CSC in their own system? The 2 systems must somehow be connected? How do you switch the coins from one to the other system that they use the same blockchain?

Oh no, Nov 28th came and CSC is not worth $1.00 ea.  The sky is falling!!   

I still have hope that my buying order at 1000 sat will get filled at Cryptopia

Ok, will try to explain a few things as far as i understand it, .... remember i am not Prypto nor Dreamworks so its my own interpretation of things

You need to keep 2 things in mind:
1) Prypto/Dreamworks need a commercial viable business case and thats why they need it as a closed loop
2) You need to understand the local situation on the Bahamas and how things work there

Assume the system is not a closed loop system but connected to current market price and open for business to the outside world ->
- assume the current market price for CSC is 0.018 dollar, a customer buys a voucher for 20 dollar, he will receive about 1111 CSC
- He waits a day to use his voucher in the casino
  - Market price goes to 0,03 dollar per CSC, he now gets 33.33 dollar for his voucher -> customer happy !! -> Casino will go bankrupt
  - Market price goes down to 0,01 dollar per CSC, he now gets 11,11 dollar for his voucher -> customer angry !! -> will never come back -> Casino goes bankrupt as well
- So as long as Market price is not above 1 dollar and volumes increases the only way to make it work is fix its value.
- If you make its value fixed you can not afford people or casino's bring coins inside the loop when they are being bought at cheap prices outside the closed loop -> Prypto/Dreamworks go bankrupt.

So when will we all benefit of it then you might ask? Well gaming on the bahamas is restricted to locals only by law so you will not be able to gamble with those casinos from outside of the bahamas. GC indicated that Prypto had acquired sufficient coins to start their business. They also stated that they already are looking to extend to Jamaica, Belize, Cuba and others so the need for coins will only increase. Either Prypto will need to buy more coins or they make the participating casinos buy the extra coins. At some point when market prices are above their closed loop prices they will open up the exchange. Actually the value has to increase as there are only about 40 mln coins available and that is not enough capital to supply a possible global market of billions, even if you only get 10% of that ....

Alcurex running again
Eventhough price came somewhat under pressure... good buying opportunity if you think that just 3 weeks ago we reached nearly 5000!

What is the exact relationship between open CSC blockchain and the closed cyrcle ?  Anybody can explain? Thanks

People do not worry so much about an exact date. Prypto and Dreamworks are commercial companies that work under their own timeframes, none of us has any influence on them. We should be very happy that a commercial company choose CSC to be their base currency for their projects. They give indications and projections but please remember that current operations are being executed in the caribbean, ..... mañana is an important word there 
 

How do you know nothing has been launched? They probably are just not yet ready for an official announcement. Once they announce it will come as a big surprise to most people

I did write that.
I'm very disappointed that nothing is launched yet.
I'll just wait and see what will happen towards the end of this month.

or not 

Thankgod alcurex is back online

I would think its an update, this happened a few weeks/months ago as well. I will try to get ahold of him to verify