All these depend on the data from authoritative website such as Yahoo whatever the data wrong or right.Set up the rule,no one will complain even sometimes the data is wrong.
You might think that, but you can't make it 100% sure that those result streams from those websites can't be manipulated. If these functonalities get implemented, where it isn't 100% tamper proof, I will sell all my CHA. not 100% but 99%. Or to put it differently, it would be so expensive and difficult to do that it would maybe make sense if the market cap of CHA is 10 billion US, but then the developer can still change the data source when that happens Show me a datastream that no single person can manipulate that offers relatively correct odds for sporting events? What I'm saying is that sites that offer gambling rely on mediating. A single person there can fuck with the API stream and place bets. That wouldn't be expensive.. |
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Someone wants to sell 500000 SC off-exchange?
don't know where you are seeing that POLO biggest sell is 67k for a while , bittrexx 111k biggest sell ... don't know where you are seeing 500k  Then I need to paraphrase it. I want to buy 500k SC without crashing the complete market price into the sky. Ahh , well that's the market, buy what you can , set an order low and let people sell into it .. or this could be the lowest it gets in which case buying it all up would be a smart move You must choose your own path .... :p I know for a fact that there are always people that hold large quantities and can't sell because they would crash the market too. Those people are happy to unload such a big order at a fixed price. Good luck in your search sir!  May SilkCoins rain down upon thee  Thank you |
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Someone wants to sell 500000 SC off-exchange?
don't know where you are seeing that POLO biggest sell is 67k for a while , bittrexx 111k biggest sell ... don't know where you are seeing 500k Then I need to paraphrase it. I want to buy 500k SC without crashing the complete market price into the sky. Ahh , well that's the market, buy what you can , set an order low and let people sell into it .. or this could be the lowest it gets in which case buying it all up would be a smart move You must choose your own path .... :p I know for a fact that there are always people that hold large quantities and can't sell because they would crash the market too. Those people are happy to unload such a big order at a fixed price. |
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Nice buy support from 1000 sats..
Those are my orders. I want to buy those coins, but I will not pay more than that given the average price of last days. |
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All these depend on the data from authoritative website such as Yahoo whatever the data wrong or right.Set up the rule,no one will complain even sometimes the data is wrong.
You might think that, but you can't make it 100% sure that those result streams from those websites can't be manipulated. If these functonalities get implemented, where it isn't 100% tamper proof, I will sell all my CHA. |
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Someone wants to sell 500000 SC off-exchange?
don't know where you are seeing that POLO biggest sell is 67k for a while , bittrexx 111k biggest sell ... don't know where you are seeing 500k Then I need to paraphrase it. I want to buy 500k SC without crashing the complete market price into the sky. |
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Does anyone want to sell me 500,000 SC coins?
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Step 3: sports betting via decentralised system that determines the odds
Everyone is talking about betting sport but this cannot be decentralized. why not? it's basically an exchange with prices that determine the odds. house edge could be easily implemented, hardcoding of the results shouldn't be extremely difficult. or am i missing something? from where do you get 100% reliable and 100% true results without any trust issues. How does the software post the bets? How could this ever be automated? Take bets from a centralised site? Can be manipulated. I am 99% sure that sportsbetting can't be added.. Casino games on the other hand. Easy i'd like to hear one of the developers comment on this. the results would obviously be a problem, though a very similar one to the randomness problem that was solved via the ny lottery drawings. the community would agree on a source for the results and that would be kept until it goes down. the rest in my view (posting the bets) could be achieved just like a decentralised exchange works. Who sets the odds? If you think sportsbetting can be added easily you are delusional. There are so many probelms that come to mind. How are refunds ect handeled? How are bets handeled that get canceled because the house calculated the odds wrong? i don't say it's easy, what i'm saying is it should be technically possible and achievable. the odds would be set by a market, as i said just like the decentralised exchange works. betting is like trading a digital option or maybe a cfd. i also see a lot of problems of different sizes, though nothing that's really making this impossible. no refunds obviously, does bitcoin allow for refunds if you got robbed? again, i haven't had time to actually think through every aspect, so i'd be happy if someone proved me wrong, though nobody has so far. Who can decide "team A won" and "team B lose" ? An admin ? Only manually ? Very easy. API from authoritative website such as Yahoo. who sets the odds? And don't say market, we have no market, we don't have one. It must be decentralised and trustless... It can be centralized somewhere. Why not? What is more important? Attractive functions. Decentralization+centralization is better sometimes.It will have advantages of both. Dec+c is ok, but not in this situation. How are wrong payouts handled? How are refunds handled? How are wrong odds handled? How are manipulation of the odds feed handled? There are tons of problems. Also please show me a single provide of gambling odds that is as trustworthy as the NY lottery? |
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Alright, per definition can you not have a betting system without either p2p interaction or central authority. The question here is how far should CHA go, if the limit is p2p interaction then obviously you can't go far beyond dice games or roulette. The interesting part of the gambling world is in interaction with other players, though. So I'd say why not introduce interaction (at a later point probably, first things first)
There is already a coin/system that does that. And basically all people that invested in this coin don't want to trust somebody. The whole appeal of this coin is that noone can cheat here. Lets look at it another way. Why is BTC so awesome? Nobody can manipulate the total number of coins. Same goes for CHA. Now we introduce your sportsbet manager that sets the "fair" odds. What happens if he goes rouge or makes a big mistake? Like he creates 500000 new coins by accident (fat finger)? This isn't all to unrealistic... Mistakes happen all the time. I'd rather see a fork with those features, than see that implemented into CHA. CHA should focus on all the casino games that are out there. Slots, roulette, blackjack, dice, and many more... A market is as fair as it gets, I'm not in favour of a sportsbet manager. I mean I think we're at a dead end here, I think you're excluding a lot of gambling by excluding interactions with other players (such as one of the most popular casino games, namely poker), but if you don't think so I can't change that and I see your point. Don't get me wrong, we can add a p2p layer ontop of CHA where players can bet against EACH OTHER. Just not against the house, thats all Im saying! Cool would be a system like this: People place their bets, if more than say 50 bets for one event are placed, the odds could be determined (let's say 20:30, so 2:3) so then the whole thing is resolved via chancecoins usual system (coins are created for the winners, destroyed for the losers) That would bring P2P and CHA's original concept together. Only problem is abuse, one guy places all the 50 bets, and there are no "arbitrageurs" who bet against him. Don't know if that's killing the idea or if one could protect against this. The system must be 100% un-exploitable and trust-less. So the only way would be a system like betfair or http://bitbet.us/. Those systems are pretty solid and can be implemented easily. CHA could introduce "rake", a fee that would be deducted from the payout of the winner. This way the other CHA holder would profit from the bets made on CHA network. |
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Is the marketplace idea now 100% dead?
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Will bookmark this and look at it lateron.
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Press send button like a maniac. I tested it in version 5 and it sent 4 times before the popup.
Were there 4 different transactions/Signatures though?  obviously. But still sucks if you double send something to a buyer.. |
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 Found it on some russian board. Devs, do something to prevent double spending (if this is true screen of course) I don't see how someome can make that many payments in the same second? Press send button like a maniac. I tested it in version 5 and it sent 4 times before the popup. |
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If we multiply that with the market caps of those two currencies we pretty much exactly get an estimated market cap of $9 million for NEM (for both values). If we calulacte the market cap of NEM with the size of this thread vs the old NXT thread we get: $6 million for NEM. (talk about pulling numbers out of the hat ) |
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Also, any plan to ever have multi sig for the investor funds ? Would that even be doable with the funds constantly being moved from the cold to hot wallet?
I'm not sure how that would work, if you mean the investors should keep control of one of the private keys. An investor could withhold their key and refuse to pay out a winner on the site. Dooglus I am going to invest some in your site but need some information that can I withdraw any time without any problem and its automatic or manual It's mostly instant, Dooglus regularly refills the servers hot wallet as needed (this is to stop all the funds from being stolen in the event of a attack) TL'DR - Your coins are safe! And can I withdraw my coins any time without any prior notice or I have to send any pm or like this for first withdraw depends on your investment. I guess about 300-500 coins are in the hotwallet on average. 20-30 BTC cashouts I made until now always took about 1 second. |
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How many % do you lose by tumbling? |
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Alright, per definition can you not have a betting system without either p2p interaction or central authority. The question here is how far should CHA go, if the limit is p2p interaction then obviously you can't go far beyond dice games or roulette. The interesting part of the gambling world is in interaction with other players, though. So I'd say why not introduce interaction (at a later point probably, first things first)
There is already a coin/system that does that. And basically all people that invested in this coin don't want to trust somebody. The whole appeal of this coin is that noone can cheat here. Lets look at it another way. Why is BTC so awesome? Nobody can manipulate the total number of coins. Same goes for CHA. Now we introduce your sportsbet manager that sets the "fair" odds. What happens if he goes rouge or makes a big mistake? Like he creates 500000 new coins by accident (fat finger)? This isn't all to unrealistic... Mistakes happen all the time. I'd rather see a fork with those features, than see that implemented into CHA. CHA should focus on all the casino games that are out there. Slots, roulette, blackjack, dice, and many more... A market is as fair as it gets, I'm not in favour of a sportsbet manager. I mean I think we're at a dead end here, I think you're excluding a lot of gambling by excluding interactions with other players (such as one of the most popular casino games, namely poker), but if you don't think so I can't change that and I see your point. Don't get me wrong, we can add a p2p layer ontop of CHA where players can bet against EACH OTHER. Just not against the house, thats all Im saying! |
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Alright, per definition can you not have a betting system without either p2p interaction or central authority. The question here is how far should CHA go, if the limit is p2p interaction then obviously you can't go far beyond dice games or roulette. The interesting part of the gambling world is in interaction with other players, though. So I'd say why not introduce interaction (at a later point probably, first things first)
There is already a coin/system that does that. And basically all people that invested in this coin don't want to trust somebody. The whole appeal of this coin is that noone can cheat here. Lets look at it another way. Why is BTC so awesome? Nobody can manipulate the total number of coins. Same goes for CHA. Now we introduce your sportsbet manager that sets the "fair" odds. What happens if he goes rouge or makes a big mistake? Like he creates 500000 new coins by accident (fat finger)? This isn't all to unrealistic... Mistakes happen all the time. I'd rather see a fork with those features, than see that implemented into CHA. CHA should focus on all the casino games that are out there. Slots, roulette, blackjack, dice, and many more... |
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Step 3: sports betting via decentralised system that determines the odds
Everyone is talking about betting sport but this cannot be decentralized. why not? it's basically an exchange with prices that determine the odds. house edge could be easily implemented, hardcoding of the results shouldn't be extremely difficult. or am i missing something? from where do you get 100% reliable and 100% true results without any trust issues. How does the software post the bets? How could this ever be automated? Take bets from a centralised site? Can be manipulated. I am 99% sure that sportsbetting can't be added.. Casino games on the other hand. Easy i'd like to hear one of the developers comment on this. the results would obviously be a problem, though a very similar one to the randomness problem that was solved via the ny lottery drawings. the community would agree on a source for the results and that would be kept until it goes down. the rest in my view (posting the bets) could be achieved just like a decentralised exchange works. Who sets the odds? If you think sportsbetting can be added easily you are delusional. There are so many probelms that come to mind. How are refunds ect handeled? How are bets handeled that get canceled because the house calculated the odds wrong? i don't say it's easy, what i'm saying is it should be technically possible and achievable. the odds would be set by a market, as i said just like the decentralised exchange works. betting is like trading a digital option or maybe a cfd. i also see a lot of problems of different sizes, though nothing that's really making this impossible. no refunds obviously, does bitcoin allow for refunds if you got robbed? again, i haven't had time to actually think through every aspect, so i'd be happy if someone proved me wrong, though nobody has so far. Who can decide "team A won" and "team B lose" ? An admin ? Only manually ? Very easy. API from authoritative website such as Yahoo. who sets the odds? And don't say market, we have no market, we don't have one. It must be decentralised and trustless... Please, this is pointless. Obviously you either need a market or an individual who sets the odds. And yes there is gonna be a market as soon as 2 people make bets. The more people bet, the more "accurate" the odds are going to be. One could start with an auction type of system in order to avoid putting people at an advantage/disadvantage who bet early. No there is not. You are thinking of a place where 2 people can bet AGAINSt each other. While is certainly possible to implement, (Rather easy, and already done on XCP) it has NOTHING to do with Chancecoin. |
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