I was wondering what the game theory problems are in segmenting staking into multiple segments, say 64 of them.

By a segment, I mean that each block, one of the segments would get an advantage in the earliest time they can stake. This active segment would rotate as each block arrives, so eventually all segments would have their turn at being first.

it is possible for a larger stake to win, even if not in the active segment. Let us assume a 2 second offset for each segment, so after 128 seconds, all segments would be eligible.

I think some interesting properties arise out of this. We end up with a resource allocation problem across all 64 segments. Clearly, if a segment was empty, the first one to get any coins there would have a big advantage. So the equilibrium state seems to be where all 64 segments get 1/64th the coins.

However, maybe there are some other stable equilibriums?

One example is how would someone with 51% of the stake, ensure they can get 51% of the blocks. Is that even possible with the segmenting? If not, what percentage of stake is needed to guarantee 51% of blocks?

I realize that some active management of coins in each segment is necessary and we assume this process is happening to secure the chain. The "mining" becomes more a game theoretic battle against all the other coins in each segment and maximizing the staking power of your coins

I needed a way to implement gaming chips and using lightning network seems a very interesting solution. However, LN is assuming the latest BTC, so I had to fork bitcoin 0.14 to get a testable environment.

SHA256, 10 second blocks, rpc port 57776
        pchMessageStart[0] = 0xff;
        pchMessageStart[1] = 0xee;
        pchMessageStart[2] = 0xdd;
        pchMessageStart[3] = 0xcc;
        nDefaultPort = 57777;

https://github.com/jl777/chips3 <- fork of BTC 0.14
build instructions: https://bitcointalk.org/index.php?topic=2078449.msg20793493#msg20793493

https://github.com/jl777/lightning <- fork of Elements lightning C daemon
build instructions: cd lightning; make; cd privatebet; ./m_bet

Please refer to the docs for the original projects, I made as little changes to them as possible.

I am not sure if this blockchain will become the "real" CHIPS, but I would tend to guess that it would. Privatebet (BET komodo assetchain) is implementing a generic decentralized gaming platform and will be using CHIPS for the internal ledger of the in-game betting results. However, specific plans are subject to change until it is all finalized.

Since the casino games will have a relatively short lifetime, as long as the market price of CHIPS does not change very quickly, people can purchase CHIPS to use inside the games and them redeem them via barterDEX at close to the same price. Maybe even some time limited pricelocking can be implemented with CLTV.

This is really more of an internal component for the komodo ecosystem, but I announce in here so that it cannot be claimed that it was done in secret. Of course it is all in my github and fully public even during the development phase.

Oh, there wont be any ICO for CHIPS. Not looking for any funding, we have plenty of that. However, if you want to actively participate in the development or testing, then certainly we need as many people for that as possible.

I have a node running at: 5.9.253.195
once you get it built using normal bitcoin build procedure: ./chipsd -addnode=5.9.253.195 &

The lightning is started by ~/lightning/lightningd/lightningd &

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Blockexplorers:
http://chips1.explorer.supernet.org
 http://www.zpool.ca/explorer/2447
 http://explorer.chips.cash/
 http://149.202.49.218:3001/

Unix, OSX and Windows QT wallet binaries: https://github.com/DeckerSU/chips3/releases/tag/v0.14.99_decker_2

Mining Pools:
 xrobesx is running a pool at dabmining.co:8080
 crackfoo has added it to zpool: https://bitcointalk.org/index.php?topic=2078449.msg21200675#msg21200675
 pondsea's private pool http://69.30.231.42:8080/
http://144.76.167.66:8080/
http://miningpools.cloud and find CHIPS pool or directly with stratum server http://chipspool.cloud  (http://miningpools.cloud/?pool=chips#/)
https://pool.coin-miners.info https://bitcointalk.org/index.php?topic=2078449.msg22338299#msg22338299

Exchange: barterDEX
https://www.coinexchange.io/market/CHIPS/BTC

CHIP and a Chair - Let’s use Bitcoin’s Lightning Network to create a Poker Game


CHIPS now has a Discord. Come join us! https://discord.gg/UyVvdV4