Bitcoin Forum

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!

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

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.

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.

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

Haha nice plug. It must be a scam :)

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.

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..

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.

There are far too many red flags to ignore:

1. Greedy ICO model with trading happening on Yobit before ICO has ended
2. Social media signature campaign, and strange relationship with BellaCoin while ICO is still running
3. ICO funding page and BCT announcement are very unprofessional. No evidence they have the competence to create a site similar to chesscube.com as they claim: https://bitcointalk.org/index.php?topic=1510517.100
4. Anonymous or pseudonymous online chess tournaments with significant prizes will not work due to the strength of chess engines today
5. Even if they could build the chess playing platform they describe, Chesscoin would add no value. Bitcoin would work just as well. BTC network effects are far more important that any chess "branding" of a cryptocurrency
6. You will not find one well known chess player, tournament sponsor or chess website to endorse Chesscoin.
7. This project is appears solely designed to make money for its "developers" and will do more harm than good for the reputation of cryptocurrency within the chess community

https://twitter.com/ChessBTC/status/749981017310695424

Draws (without stalemate) are the most common result in high level chess. This is even more true for computers than humans, simply because computers make fewer mistakes.


I agree.

I agree, it all looks very suspicious.

I have never heard of Bigup coin and have not asked anyone for Bitcoin. If sharing my opinions about a potential scam results in a negative trust rating then I have no problem leaving Bitcointalk.

That doesn't imply anything! You might have not listed them maybe because they haven't paid you some comission!  ::)

In general I will only trust those ICOs that are securely escrowed by a well known escrow provider.
In this case I don't trust Chesscoin for a cent!

these days, ICO always seems a bad investment... scams everywhere. no profissionals work with proper escrow, good  website and project details. i would prefer to do some dice rather than a ICO like this.

This site could be of help to investors but the word If it's not on http://icocountdown.com don't trust it is very misleading I have an investment on Chesscoin and so far the dev is delivering ..

Why would they trust and list any Ico here when you are not an authority of these kind of projects
so instead of paying you commission the dev should rather pay to develop a good coin than pay you ..

I do due dilligence on the projects.

Check the github, I don't even see a basic chessgame imbedded in the code.

https://github.com/coinforchess/chesscoin

Seems like a very simple clone ;)

I have called many negative projects before all of them have came true: https://medium.com/@icocountdown/

I am not hating on it, good luck with the project.

If you go on the first page of Chesscoin on their announcement they hire Sebastian ju to manage the Ico
https://bitcointalk.org/index.php?topic=1102721 (https://bitcointalk.org/index.php?topic=1102721) and so far the dev team is delivering what has been promise you can check chesscoin thread to verify all these..

Who has verified the code? Sebastianju is just there to make sure you get basic coins.

I was surprised when I saw the name as I have yet to see any btc chess games, clubs or tournaments.

Premine 64%?

Eh well cash grab it is.

I think you need to read the conversion carefully
So I just post Sebastian Ju this is has nothing to do with looking on the code but answering the question of who is escrowing the coins..

All they have to do is deliver basic coin to confirm escrow? What are the escrow terms?

This is good :D CHESSCOIN is really getting popular lol,  funny that, a coin that deliver stuff ahead of it's schedule is getting bashed. LOL,  



LOL who are you to say? I don't trust you mr. extortionist

I don't mind if you trust me or not, tell me where is the code to demonstrate they can build a chessgame on the blockchain? Technical specs anything?

Why not go to the main thread and read it there,Sebastian Ju is a legendary escrow service the dev has gotten his service to show people that coins invested are indeed in good hands ..

The escrow terms are deliver a basic coin. No chess game, just a coin.

It is not yet launch but the android application is coming so you just wait for the ico to be finish it's in the road map we still don't know what flatform where it will be base yet..

So far the dev is delivering what has been promise there is now an online staking wallet,since it is now a proof of stake coin,the dev has promised an android and web wallet chess application and we are still waiting for this to materialize hopefully it will not take a few more months because people are now dumping their coins..