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Author Topic: [ANN] DAO.Casino - Blockchain Protocol for the Gambling Industry  (Read 45803 times)
Kubra Dam
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August 12, 2017, 04:45:31 PM
 #321


DAO.Casino exploring Lightning Network (Part 1)


The DAO.Casino development team is constantly monitoring all recent blockchain technologies. After the successful Token Sale, we pay special attention to the possibilities of improving our protocol by implementing advanced technical solutions.

Blockchain technology issues

Once blockchain was founded, the pioneers saw in it a solution of many modern problems, like scalability, security, speed, legal issues, trust. But since the beginning, blockchain technology is also being attacked by critics. Part of them was just afraid of something innovating, they imagined it like something infernal, or just an another way to earn easy money. But to be honest, another part of critics had a point — just like any other informational technology, blockchain had both “pro” and “contra”. And one of the main “contra” was a transaction speed and fee.

The problem was not so critical a few years ago, although even at that time the transaction could take up to 10 minutes. But it was constantly growing up, and had a real splash in June 2017 — some transaction took up to few days to confirm.

Almost the same situation took place in other blockchain networks. For example, Ethereum network had a major crash during Status.im token sale. Some people payed 1000$ gas for transaction and critics arrived shortly, claiming ineffectiveness of the Ethereum.

The logic of this problem is pretty simple. The more new users arrive — the more blocks are created — the more pressure on the blockchain network. Several teams worked on solving the transactions speed/fee problems and one of the first was the Lightning Network, which offered its solution in January 2017.

Lightning Network solution

A new technical solution was favorably received by the community. Some even said, that it could replace the whole blockchain, but the founders protested. According to them, Lightning Network depends on the blockchain and was created to solve its problems, and not to replace it.

So what exactly Lightning Network? This is a P2P network system, that operates above the blockchain, building a straight bidirectional payment channel between two or more addresses. It allows to make simple micropayments safe and secure, without need in trust to a third party.

By creating a channel, participants have no need to refer to blockchain, which means all of the transactions will take place only between them. When participants decide to quit the channel, the outcome of all operations would be added to the blockchain. Needless to say, this solution significantly reduces the pressure on the Bitcoin network (or any other blockchain network).


Also, Lightning Network solves the issue with transactions fee. Participants will have to pay only twice — to open and to close channel. Once the channel is open, they adding a certain amount of funds, and can make as many transactions, as they want to, with almost instant speed.

But the beauty of Lightning Network is in multiplicity! For example, Alice and Bob creates a channel, where Alice sending 2 BTC to Bob. Bob adds Charlie to this channel, and then transfer 1 BTC to him. The thing is, there could be more than two participants in existing channel, which simplifies payments without any need to access the blockchain.

DAO.Casino LN implementation

Just as Bitcoin, DAO.Casino’s blockchain protocol has the same set of problems — transaction speed and fee. For example, let’s take the BlackJack game. Any in-game action, like split, deal, double or remove bet normally acts through the blockchain. But such method slowed down the game, raised fee and made it nearly impossible to play.

Back in March 2017, DAO.Casino’s CTO Alexander Noxon on his Github explained a variation of Lightning Network idea named Payment Channels and this summer we have implemented it in our prototype. For now, we have tested it on BlackJack game, and it acts just as we planed — smooth, fast and cheap. It lowered down the commision payment and boosted game speed.

Another our development with implemented Lightning Network technology is the BET wallet. Thanks to Lightning Network, it is able to quickly transfer tokens BET between the player and the bankroller. You can check it on our Github. In the next part of our research article, we will demonstrate how the Lightning Network works in our dice game.

SOURCE: https://medium.com/@dao.casino/dao-casino-exploring-lightning-network-part-1-949085a220b2
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Kubra Dam
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August 12, 2017, 04:59:00 PM
 #322

DAO.CASINO (BET) is a utility token so should have no problem getting listed on bittrex.

Will this coin ever be listed on bittrex or liqui?

The ICO was extremely successful and the team is very transparent. They update the community very frequently. They're probably working on exchange related topics. I don't see any reason preventing BET tokens from getting on the best exchange platforms.  Smiley

You can follow Dao.Casino official Telegram group to get updated: https://t.me/daocasino
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August 12, 2017, 09:15:48 PM
 #323

When will we be able to use the coins on the casino? Any certain date?
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August 13, 2017, 05:29:21 PM
 #324


DAO.Casino exploring Lightning Network (Part 1)


The DAO.Casino development team is constantly monitoring all recent blockchain technologies. After the successful Token Sale, we pay special attention to the possibilities of improving our protocol by implementing advanced technical solutions.

Blockchain technology issues

Once blockchain was founded, the pioneers saw in it a solution of many modern problems, like scalability, security, speed, legal issues, trust. But since the beginning, blockchain technology is also being attacked by critics. Part of them was just afraid of something innovating, they imagined it like something infernal, or just an another way to earn easy money. But to be honest, another part of critics had a point — just like any other informational technology, blockchain had both “pro” and “contra”. And one of the main “contra” was a transaction speed and fee.

The problem was not so critical a few years ago, although even at that time the transaction could take up to 10 minutes. But it was constantly growing up, and had a real splash in June 2017 — some transaction took up to few days to confirm.

Almost the same situation took place in other blockchain networks. For example, Ethereum network had a major crash during Status.im token sale. Some people payed 1000$ gas for transaction and critics arrived shortly, claiming ineffectiveness of the Ethereum.

The logic of this problem is pretty simple. The more new users arrive — the more blocks are created — the more pressure on the blockchain network. Several teams worked on solving the transactions speed/fee problems and one of the first was the Lightning Network, which offered its solution in January 2017.

Lightning Network solution

A new technical solution was favorably received by the community. Some even said, that it could replace the whole blockchain, but the founders protested. According to them, Lightning Network depends on the blockchain and was created to solve its problems, and not to replace it.

So what exactly Lightning Network? This is a P2P network system, that operates above the blockchain, building a straight bidirectional payment channel between two or more addresses. It allows to make simple micropayments safe and secure, without need in trust to a third party.

By creating a channel, participants have no need to refer to blockchain, which means all of the transactions will take place only between them. When participants decide to quit the channel, the outcome of all operations would be added to the blockchain. Needless to say, this solution significantly reduces the pressure on the Bitcoin network (or any other blockchain network).


Also, Lightning Network solves the issue with transactions fee. Participants will have to pay only twice — to open and to close channel. Once the channel is open, they adding a certain amount of funds, and can make as many transactions, as they want to, with almost instant speed.

But the beauty of Lightning Network is in multiplicity! For example, Alice and Bob creates a channel, where Alice sending 2 BTC to Bob. Bob adds Charlie to this channel, and then transfer 1 BTC to him. The thing is, there could be more than two participants in existing channel, which simplifies payments without any need to access the blockchain.

DAO.Casino LN implementation

Just as Bitcoin, DAO.Casino’s blockchain protocol has the same set of problems — transaction speed and fee. For example, let’s take the BlackJack game. Any in-game action, like split, deal, double or remove bet normally acts through the blockchain. But such method slowed down the game, raised fee and made it nearly impossible to play.

Back in March 2017, DAO.Casino’s CTO Alexander Noxon on his Github explained a variation of Lightning Network idea named Payment Channels and this summer we have implemented it in our prototype. For now, we have tested it on BlackJack game, and it acts just as we planed — smooth, fast and cheap. It lowered down the commision payment and boosted game speed.

Another our development with implemented Lightning Network technology is the BET wallet. Thanks to Lightning Network, it is able to quickly transfer tokens BET between the player and the bankroller. You can check it on our Github. In the next part of our research article, we will demonstrate how the Lightning Network works in our dice game.

SOURCE: https://medium.com/@dao.casino/dao-casino-exploring-lightning-network-part-1-949085a220b2


you guy rock!

"You just keep pushing.You just just keep pushing. I made every mistake that could be made. But I just kept pushing" R. Descartes
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August 15, 2017, 04:40:54 AM
 #325

Checked Dao casino token on coinmarketcap

It is currently $0.08 / 0.00027 ETH

Where ICO is

Day 1            2,000 BET:1 ETH
Day 2 – 14            1800 BET:1 ETH
 Day 15 – 17           1700 BET:1 ETH
Day 18 –  20           1600 BET :1 ETH
Day 20 – 22           1500 BET :1 ETH
 Day 23 – 25           1400 BET : ETH
Day 26 – 28           1300 BET : ETH

Its far more under the ICO price? The development and news from the team seems great but why is the price going opposite any idea?


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 ▄▀▄     ▄██████████▄          █▀█
 ▀█▀     ▀██████████▀           ▀
  █▌                           ▐█  
   █▄    ▄█████▄              ▄█  
    █▄   ▀█████▀             ▄█    
     ▀█▄                   ▄█▀     
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August 16, 2017, 03:15:31 AM
 #326

Checked Dao casino token on coinmarketcap

It is currently $0.08 / 0.00027 ETH

Where ICO is

Day 1            2,000 BET:1 ETH
Day 2 – 14            1800 BET:1 ETH
 Day 15 – 17           1700 BET:1 ETH
Day 18 –  20           1600 BET :1 ETH
Day 20 – 22           1500 BET :1 ETH
 Day 23 – 25           1400 BET : ETH
Day 26 – 28           1300 BET : ETH

Its far more under the ICO price? The development and news from the team seems great but why is the price going opposite any idea?


Based on today's market rate for 1Eth you get 3810Bet,soo no bad at all,best deal ever actually!
Bitcoinorama
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August 16, 2017, 10:02:19 AM
 #327

Checked Dao casino token on coinmarketcap

It is currently $0.08 / 0.00027 ETH

Where ICO is

Day 1            2,000 BET:1 ETH
Day 2 – 14            1800 BET:1 ETH
 Day 15 – 17           1700 BET:1 ETH
Day 18 –  20           1600 BET :1 ETH
Day 20 – 22           1500 BET :1 ETH
 Day 23 – 25           1400 BET : ETH
Day 26 – 28           1300 BET : ETH

Its far more under the ICO price? The development and news from the team seems great but why is the price going opposite any idea?



Because there is no evidence of real development from Dao.Casino, That lightening blog post above is a huge red flag.

The medium post just reiterates the project suffers from slow confirmation times and they are waiting months for Raiden and Lightning before they can begin to solve playability issues, let alone launch. There is nothing (currently) that sets Dao apart from recent ethereum based casinos that are slow.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
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August 17, 2017, 07:12:12 PM
 #328

Checked Dao casino token on coinmarketcap

It is currently $0.08 / 0.00027 ETH

Where ICO is

Day 1            2,000 BET:1 ETH
Day 2 – 14            1800 BET:1 ETH
 Day 15 – 17           1700 BET:1 ETH
Day 18 –  20           1600 BET :1 ETH
Day 20 – 22           1500 BET :1 ETH
 Day 23 – 25           1400 BET : ETH
Day 26 – 28           1300 BET : ETH

Its far more under the ICO price? The development and news from the team seems great but why is the price going opposite any idea?



Because there is no evidence of real development from Dao.Casino, That lightening blog post above is a huge red flag.

The medium post just reiterates the project suffers from slow confirmation times and they are waiting months for Raiden and Lightning before they can begin to solve playability issues, let alone launch. There is nothing (currently) that sets Dao apart from recent ethereum based casinos that are slow.

Are you saying this is a scam?
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August 19, 2017, 09:08:42 AM
 #329

i do not think that there is any reason to call this DAO a scam already , they need time to handle speed and transactionfee

and developing LN on daocasino could be worth the wait

imusify
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August 22, 2017, 04:49:53 PM
 #330

DAO.Casino development updates and near future plans

After the successful Token Sale DAO.Casino Team brings to your attention developement report and plans for the near future. Please note that this is only the draft and some parts of it may change.
In the following months we will regularly release updates, which you can follow via our blog or twitter.

Work-in-progress
- Channels Upgrade
- Multiplayer Deployment


Future plans
- New Game
- Support Service for devs
- Messaging Research



Details : https://medium.com/@dao.casino/dao-casino-development-updates-and-near-future-plans-b9b5468fb7bb

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August 23, 2017, 12:31:29 AM
 #331

I want to sell my BET tokens bought at crowdfunding.

Where can I do that?

Thanks.
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August 23, 2017, 05:34:50 AM
 #332

I want to sell my BET tokens bought at crowdfunding.

Where can I do that?

Thanks.

You'd be selling at a loss of about 40% right now, depending on what stage you bought in at. Why would you sell before the project even gets out of the preliminary development stage? I am going to assume you own very little, and did so with money you can not afford to lose. If you are not even sure how to sell tokens(which is not difficult) I think it's a safe bet you did not do any research about the actual project, and thought you'd get a quick 10x on your money because "ICO".

Take some advice, if you do not NEED the cash now, hold on to your stake and let the team work.  It might go to zero, but it could just as easily get to $0.20 or $0.25 per token, at which point you're well into the black with a nice return. Hell, if you were paying attention the past few days, there were a few opportunities to get out at break-even. If you really do need the cash, setup at account at HITBTC and sell your stake now for $0.10, and then re-evaluate the choices you are making with your money.

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August 23, 2017, 03:06:23 PM
 #333

Hello, I sent the BET tokens from the wallet to the exchange hitbtc.And they did not come
myetherwallet-0x672b4956A8297D707eD15f706227FCC773887C46
hitbtc-0x164263a5750712281de46d730684f267246c2aa8

Answer technical support:

""BET tokens were replaced with the new ones due to a hack, so was their contract address. Etherscan shows that tokens were sent from old address, which means you've sent old tokens, which are no longer supported. Unfortunately, there's nothing we could do about this as once transaction was completed, it is now a part of the blockchain.
But you may contact DAO Casino so they could possibly help you.

Don't hesitate to get back to us if you require any other assistance.""

Help please understand the question.
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August 23, 2017, 05:48:31 PM
 #334

I want to sell my BET tokens bought at crowdfunding.

Where can I do that?

Thanks.

You'd be selling at a loss of about 40% right now, depending on what stage you bought in at. Why would you sell before the project even gets out of the preliminary development stage? I am going to assume you own very little, and did so with money you can not afford to lose. If you are not even sure how to sell tokens(which is not difficult) I think it's a safe bet you did not do any research about the actual project, and thought you'd get a quick 10x on your money because "ICO".

Take some advice, if you do not NEED the cash now, hold on to your stake and let the team work.  It might go to zero, but it could just as easily get to $0.20 or $0.25 per token, at which point you're well into the black with a nice return. Hell, if you were paying attention the past few days, there were a few opportunities to get out at break-even. If you really do need the cash, setup at account at HITBTC and sell your stake now for $0.10, and then re-evaluate the choices you are making with your money.

Thanks mate!
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August 23, 2017, 06:21:24 PM
Last edit: August 23, 2017, 07:19:22 PM by voteformeg
 #335

Hello, I sent the BET tokens from the wallet to the exchange hitbtc.And they did not come
myetherwallet-0x672b4956A8297D707eD15f706227FCC773887C46
hitbtc-0x164263a5750712281de46d730684f267246c2aa8

Answer technical support:

""BET tokens were replaced with the new ones due to a hack, so was their contract address. Etherscan shows that tokens were sent from old address, which means you've sent old tokens, which are no longer supported. Unfortunately, there's nothing we could do about this as once transaction was completed, it is now a part of the blockchain.
But you may contact DAO Casino so they could possibly help you.

Don't hesitate to get back to us if you require any other assistance.""

Help please understand the question.

my guess is that you have send the old bet , if all is ok you also have the betNEW

you can check in your MEW with the following  :

Address: 0x8aA33A7899FCC8eA5fBe6A608A109c3893A1B8b2

Token Symbol: BETNEW

Decimals: 18

edit : yep i checked and you still have your coins in  0x672b4956A8297D707eD15f706227FCC773887C46 , you still have 1944 BET

imusify
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Award-Winning Blockchain Music Platform
                                             Presale starts March 1, Get 30% OFF on IMU tokens
.
.

.

.


      ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
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PS1987
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August 25, 2017, 02:39:41 PM
 #336

I created the adress that you posted for the BETNEW token.
As I understand it right, at the moment is no possibility to trade the BETNEW token?
collac
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August 26, 2017, 07:59:47 PM
 #337

I wonder when will I be able to use the tokens to make bets!

"You just keep pushing.You just just keep pushing. I made every mistake that could be made. But I just kept pushing" R. Descartes
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August 29, 2017, 01:24:38 AM
 #338

I created the adress that you posted for the BETNEW token.
As I understand it right, at the moment is no possibility to trade the BETNEW token?
at this time, you can trade BET token here : https://hitbtc.com/exchange/BET-to-ETH and https://etherdelta.github.io/#BET-ETH


https://coinmarketcap.com/assets/dao-casino

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August 29, 2017, 01:34:48 AM
 #339


5 Trends of Online Gambling till 2020
DAO.Casino strategic vision

- Virtual Reality
- Blockchain Implementation
- eSports Betting
- Mobile Platforms
- Legal Regulations


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August 29, 2017, 03:16:48 AM
 #340


5 Trends of Online Gambling till 2020
DAO.Casino strategic vision

- Virtual Reality
- Blockchain Implementation
- eSports Betting
- Mobile Platforms
- Legal Regulations

have a beta tester?

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