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Topic: PRE [ANN] CryptoCasino First Proof Of Risk coin- Internal Decentralized Casino - page 4. (Read 9226 times)

newbie
Activity: 34
Merit: 0
Wait, I don't get it. How do I get the coins so that I can gamble so that I can mine coins? Wink

The initial distribution proccess will be announced soon keep an eye out.

Think of it like this a bank has 50M in stock so it allows 100 customers a loan of 500k so even if all customers come at once to withdraw their money the bank will be at 0 but not be in the red.

So, the maximal bet size will be lowered so that all winnings could be paid even in the worst case at all times?
Maybe it could work, if the bank would be big enough ....


That is not entirely how it works Proof Of Risk is a new protocol implemented in the first internal decentralized currency to make sure things are able to run smoothly independently. Your comment isn't entirely true but it catches the gist of it. The technical details of POR (Proof Of Risk) will be released with the source code at a certain stage in our development.

Think of it like this a bank has 50M in stock so it allows 100 customers a loan of 500k so even if all customers come at once to withdraw their money the bank will be at 0 but not be in the red.

Side note: if banks worked like that, we probably wouldn't have Bitcoins around Tongue

Read my entire example that was entirely my point  Smiley
sr. member
Activity: 462
Merit: 251
...  the other recent innovative coins (ie Huntercoin and Vertcoin).

What is innovative in Vertcoin?

Release Date is still to be announced.

Just wondering, how long approximately till the release? Are we talking days, or rather months?
member
Activity: 112
Merit: 10
Think of it like this a bank has 50M in stock so it allows 100 customers a loan of 500k so even if all customers come at once to withdraw their money the bank will be at 0 but not be in the red.

Side note: if banks worked like that, we probably wouldn't have Bitcoins around Tongue
sr. member
Activity: 462
Merit: 251
Think of it like this a bank has 50M in stock so it allows 100 customers a loan of 500k so even if all customers come at once to withdraw their money the bank will be at 0 but not be in the red.

So, the maximal bet size will be lowered so that all winnings could be paid even in the worst case at all times?
Maybe it could work, if the bank would be big enough ....
member
Activity: 112
Merit: 10
Wait, I don't get it. How do I get the coins so that I can gamble so that I can mine coins? Wink
hero member
Activity: 616
Merit: 500
Crypto Knight
thanks to all that have shown interest in this I'm also open to any suggestions and questions anyone has so feel free to ask.

This looks extremely innovative and very interesting. It sounds like you have a really good concept here, this coin is innovative enough that to ensure its success you really only need to do one thing: don't rush the launch, make sure all the bugs are worked out pre-launch and that the launch is fair and runs smoothly. If you do that then this idea has the potential to meet or even surpass the other recent innovative coins (ie Huntercoin and Vertcoin).
Good Luck!

I was saying to the moon but now I guess it's to the stars  Shocked
newbie
Activity: 37
Merit: 0
thanks to all that have shown interest in this I'm also open to any suggestions and questions anyone has so feel free to ask.

This looks extremely innovative and very interesting. It sounds like you have a really good concept here, this coin is innovative enough that to ensure its success you really only need to do one thing: don't rush the launch, make sure all the bugs are worked out pre-launch and that the launch is fair and runs smoothly. If you do that then this idea has the potential to meet or even surpass the other recent innovative coins (ie Huntercoin and Vertcoin).
Good Luck!
hero member
Activity: 616
Merit: 500
Crypto Knight
newbie
Activity: 34
Merit: 0
thanks to all that have shown interest in this I'm also open to any suggestions and questions anyone has so feel free to ask.
hero member
Activity: 980
Merit: 1000
www.DonateMedia.org
Release date?
Release Date is still to be announced.
Seems like an interesting coin, I'll be looking forward to it. Wink
hero member
Activity: 672
Merit: 500
newbie
Activity: 34
Merit: 0
I thought this was a joke when i saw this in my email:

"A new topic, 'ey45y45y5hy45yh45h45h45h45h45h45h45h4545h45h45h htr76', has been made on a board you are watching.

You can see it at
https://bitcointalk.org/index.php?topic=455780.new#new"

Added to watch list. I hope you don't make us wait forever.

I had to make that the topic for a couple of seconds then changed it because their was a bug and it wasn't letting me post under the actual title. And are you referring to the release date? If so I plan on doing everything in a timely manner and will try to get everything ready as soon as possible. Release Date is still to be announced.
sr. member
Activity: 406
Merit: 250
Hello! Send me a message.
I thought this was a joke when i saw this in my email:

"A new topic, 'ey45y45y5hy45yh45h45h45h45h45h45h45h4545h45h45h htr76', has been made on a board you are watching.

You can see it at
https://bitcointalk.org/index.php?topic=455780.new#new"

Added to watch list. I hope you don't make us wait forever.
hero member
Activity: 616
Merit: 500
Crypto Knight
hero member
Activity: 616
Merit: 500
Crypto Knight
sounds interesting...when will it start?

This is just the initial announcement it says stuff like investment opportunities release date technical details etc. will be released soon.
member
Activity: 84
Merit: 10
sounds interesting...when will it start?
hero member
Activity: 616
Merit: 500
Crypto Knight
extremely innovative everyone should see this.
hero member
Activity: 616
Merit: 500
Crypto Knight
To protect the House from going into debt and not being able to pay out wins Log will be implemented (Lesser Opposition Gain) that makes sure overall the house does not end up in the red

So ... no matter how hard you try, you can't win?

Either the game will be fair (with some house edge) and then the casino can end up in red, though with reasonable house edge it can be quite unlikely if there is big enough initial bank.
Or the house can't be broken, but then the game won't be fair, as there will inevitably be some "and now you cannot win" mechanism in place.

He's saying the maximum bet amount depends upon the house's current bankroll

you're probably right
sr. member
Activity: 951
Merit: 252
To protect the House from going into debt and not being able to pay out wins Log will be implemented (Lesser Opposition Gain) that makes sure overall the house does not end up in the red

So ... no matter how hard you try, you can't win?

Either the game will be fair (with some house edge) and then the casino can end up in red, though with reasonable house edge it can be quite unlikely if there is big enough initial bank.
Or the house can't be broken, but then the game won't be fair, as there will inevitably be some "and now you cannot win" mechanism in place.

He's saying the maximum bet amount depends upon the house's current bankroll
hero member
Activity: 616
Merit: 500
Crypto Knight
looks like this will be the next nxt   Cheesy Wink Proof Of Risk looks interesting
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