[ANN][CSC] CasinoCoin - The Premiere Coin for Casino Gaming | Kimoto Enabled!

[CasinoCoiner]

^^
spammers :|

Hey, is there some place where we can see difficulty increase ?

This is the best I know of (and it's not very good): http://casinocoin.mooo.com/chain/CasinoCoin/q/nethash

I have been meaning to write a gnuplot script that would make it more pretty, but haven't had time yet.

[toastedcoins]

Attention everyone! Please pm me if you are a pool owner and are willing to setup a pool on a server(i purchase or setup at home) for casinocoincity.
it will be only a csc pool and all fees will be used for cscity house bets.
1,000 CSC reward directly to your wallet to the person who can do this for me as well exclusive access to all games including a lifetime top tier status in our casinos future rewards program.

Please pm me with what exactly i need to provide you and we can go from there.

As you can tell i might be a little frustrated on trying to setup one myself. I understand a pool requires alot of dedication and maintenance, but some of you haven proven your vast understanding of the concept and could kickstart this a lot faster then me!

On a side note, SLOT READY TUESDAY! Beta testers will get there pm at 1:00am est Tuesday.
List will be posted Sunday please look for your name there and if you do not get a pm then you are still welcome to test.
Any donations are still accepted address in my sig, remember based on your stance in the community and if you have donated will be the amount I provide you to play with during testing.
If everything goes well next week will be a step forward into the future for CasinoCoin, and CasinoCoinCity.

Thanks everyone, hope your having a good weekend.

I just sent you 300 coins but I am not sure if I was able to sign the message correctly or not with my forum name.

[kopam]

Just send 150csc to the donation address.

[Nullu]

Anyone willing to trade some CasinoCoin for Particles or Electricity? I'll probably end up buying some on Cryptsy as I think they're a good investment, but would much prefer to trade.

[Speedie]

Some random thoughts with full disclosure that I'm not mining CSC right now, nor do I hold any, as the exchange volume isn't there yet.

- As and when CSC is marketed to existing online casino operations, the point needs to be hammered home repeatedly that transactions using crypto currencies carry zero reversal risk. The online gaming industry as a whole has horrific credit card chargeback rates as dishonest players make deposits, lose, then dispute the transaction with the card issuer. They're also a favorite target of credit card thieves. That fraud has to be paid for somewhere, most likely by an increase in the house edge, so accepting crypto currency as payment benefits both the house and honest players (assuming the casino passes on some / all of the fraud reduction savings).

- Because of the high chargeback rate, the vast majority of conventional credit card processors won't touch casino operations with the proverbial ten foot pole. The few who will process such transactions charge far higher rates as you would expect. The rate for a conventional cardholder present swiped transaction is around 1 - 1.5%, for a conventional cardholder not present (MOTO) transaction 2 - 2.5%, yet casinos are looking at rates that can be double or triple that. The transaction cost for crypto currencies is so low that it may as well be zero e.g. sending BTC currently costs 0.0001 BTC as a fee which is about 8 - 9 cents regardless of the transaction size. That's a massive cost savings.

- What is sorely needed before widespread adoption can take place is a means to quickly convert CSC to USD / EUR / etc without the need to convert to BTC first at a fluctuating exchange rate. No way you're going to sell existing operations on taking on two sets of exchange rate risk: CSC to BTC and then BTC to USD / EUR. It would be an accounting and logistics nightmare. CSC needs to follow the example of BTC (e.g. via CoinBase), WDC (beta - Scharmbeck), and EAC (rumored) in establishing a means to go directly from CSC to fiat. If this was an automated back-end process that was built in to a set of merchant processing tools then so much the better. What I envisage is a player depositing CSC via merchant tools, and those CSC are instantly converted to USD / EUR at the prevailing exchange rate then sent via ACH to the merchant's bank account once per day. CoinBase has such merchant tools available, and others like CoinPayments.net show promise for alternative cryptos.

Apologies if any of this has been discussed before in this long thread, my intention certainly isn't to be redundant  

[toastedcoins]

Attention everyone! Please pm me if you are a pool owner and are willing to setup a pool on a server(i purchase or setup at home) for casinocoincity.
it will be only a csc pool and all fees will be used for cscity house bets.
1,000 CSC reward directly to your wallet to the person who can do this for me as well exclusive access to all games including a lifetime top tier status in our casinos future rewards program.

Please pm me with what exactly i need to provide you and we can go from there.

As you can tell i might be a little frustrated on trying to setup one myself. I understand a pool requires alot of dedication and maintenance, but some of you haven proven your vast understanding of the concept and could kickstart this a lot faster then me!

On a side note, SLOT READY TUESDAY! Beta testers will get there pm at 1:00am est Tuesday.
List will be posted Sunday please look for your name there and if you do not get a pm then you are still welcome to test.
Any donations are still accepted address in my sig, remember based on your stance in the community and if you have donated will be the amount I provide you to play with during testing.
If everything goes well next week will be a step forward into the future for CasinoCoin, and CasinoCoinCity.

Thanks everyone, hope your having a good weekend.

I just sent you 300 coins but I am not sure if I was able to sign the message correctly or not with my forum name.

I was wondering where those came from, Thankyou so much I have taken your user name down for future reference.
Did you ask to join beta for the CsCity I don't see your name anywhere on my list I may have missed you!

On a side note, thank you for bringing to my attention that there is currently no working block explorers for CSC. If you are able to create this and allow myself to upload it to explorer.casinocoin.org I will also provide you with the same incentives as my above post, but with a 750CSC or 100,000 DOGE reward. We can also place your donation address at the bottom of the page!

Yea I requested it a few pages ago so if you still have room that would be great!

I can look into it and see what options are out there to get it up and running as fast as possible

[jakiman]

Apologies if any of this has been discussed before in this long thread, my intention certainly isn't to be redundant  

I agree with all your points. Thanks for helping out casinocoin.

[CasinoCoiner]

On a side note, thank you for bringing to my attention that there is currently no working block explorers for CSC. If you are able to create this and allow myself to upload it to explorer.casinocoin.org I will also provide you with the same incentives as my above post, but with a 750CSC or 100,000 DOGE reward. We can also place your donation address at the bottom of the page!

Block explorer has been working for a month or so at: http://casinocoin.mooo.com/ It's also listed in the OP. Happy to send it to you if you want it, hit me up with PM.

edit: obviously I don't need/want the reward

[namsub]

Some random thoughts with full disclosure that I'm not mining CSC right now, nor do I hold any, as the exchange volume isn't there yet.

- As and when CSC is marketed to existing online casino operations, the point needs to be hammered home repeatedly that transactions using crypto currencies carry zero reversal risk. The online gaming industry as a whole has horrific credit card chargeback rates as dishonest players make deposits, lose, then dispute the transaction with the card issuer. They're also a favorite target of credit card thieves. That fraud has to be paid for somewhere, most likely by an increase in the house edge, so accepting crypto currency as payment benefits both the house and honest players (assuming the casino passes on some / all of the fraud reduction savings).

- Because of the high chargeback rate, the vast majority of conventional credit card processors won't touch casino operations with the proverbial ten foot pole. The few who will process such transactions charge far higher rates as you would expect. The rate for a conventional cardholder present swiped transaction is around 1 - 1.5%, for a conventional cardholder not present (MOTO) transaction 2 - 2.5%, yet casinos are looking at rates that can be double or triple that. The transaction cost for crypto currencies is so low that it may as well be zero e.g. sending BTC currently costs 0.0001 BTC as a fee which is about 8 - 9 cents regardless of the transaction size. That's a massive cost savings.

- What is sorely needed before widespread adoption can take place is a means to quickly convert CSC to USD / EUR / etc without the need to convert to BTC first at a fluctuating exchange rate. No way you're going to sell existing operations on taking on two sets of exchange rate risk: CSC to BTC and then BTC to USD / EUR. It would be an accounting and logistics nightmare. CSC needs to follow the example of BTC (e.g. via CoinBase), WDC (beta - Scharmbeck), and EAC (rumored) in establishing a means to go directly from CSC to fiat. If this was an automated back-end process that was built in to a set of merchant processing tools then so much the better. What I envisage is a player depositing CSC via merchant tools, and those CSC are instantly converted to USD / EUR at the prevailing exchange rate then sent via ACH to the merchant's bank account once per day. CoinBase has such merchant tools available, and others like CoinPayments.net show promise for alternative cryptos.

Apologies if any of this has been discussed before in this long thread, my intention certainly isn't to be redundant  

+1

[toastedcoins]

I just requested Casino Coin on https://www.coinpayments.net/ . I am looking to setup a web store for my current business and would love Casino Coin to be accepted there.

If anyone can recommend a better payment system or different one or good/bad stories Id be glad to hear them!

Thanks!

[jakiman]

I love your idea of having a in house chip that is obtained when you transfer in CSC, I will run this by my developer and see what he has to say!

Glad you liked it. =)

I think it is best if CSC is used predominantly as a crypto currency to buy in-house chips rather than use it as a casino chip itself.
Reason being is that once CasinoCoinCity opens up, if CSC is used as its main chip, other Casinos might want their own crypto chip instead.
It would also deter other exchanges from supporting CSC as they might think it will just benefit CasinoCoinCity.

I think what we all want is for CSC to be used as a main crypto currency for online casinos instead of fiat currency (USD/EUR/AUD etc).
And CasinoCoinCity will be the front runner by supporting CSC deposits first.

Basically, CSC Accepted Here logo is what we need so (hopefully) other online Casinos can do the same.
Can someone or casinocoin/transcoder be able to create such logo? OGC has one already from launch I noticed.

On Beta test day this coming week there will only be a slot machine, because we are looking to see how the backend handles the transactions.
There will be a thread created very shortly for CsCity!

As long as that slot machine looks good enough to rival other online casinos, I think it would be a great start.
Then I guess you can use that lot machine as a template for other machines with different graphics, features, jackpots etc.

The bets will be lowered to 0.01 but the ability to play with 1 csc will still be there!

I assume that's per line? So up to 9 CSC per spin being possible? That's quite a decent bet amount! Very nice.

BTW, I personally think you don't even have to accept BTC within the casino initially. Just CSC will do fine for buyinbg in-house chips.
If casino is good enough, people will come and play even if they have to exchange their BTC into CSC at Crypsty.  
It would hopefully increase CSC buy/sell volume at Cryptsy more which would make it easier to convince other exchanges also.
If it's not good enough, people won't play even if BTC or even USD/EUR etc is accepted.

So yeah, quality of games & site experience is crucial to success. I'm sure you know this already.  

[Hocapoca]

1250 CSC donation sent. Happy to help!!!

[fast-pool.com]

https://i.imgur.com/oProzGI.jpg

http://casinocoin.fast-pool.com

[kopam]

There have been some really good comments in the last few days. Its good to see that there are people wanting this coin to succeed.
But i think we need a good plan in order to make this happen.
Right now casinocoin is doing a great great job with making the first casino etc but in order for the coin to go up we need some gambling operators to start accepting it.
This is still in the future as there is a lot to be done before proposing the casinocoin to any one.

I said some of the things already a few times but i will say them again.
First of all i think that there has to be a clear idea of who is working on the coin. After all people have to know if the coin is secure = is some one working actively on improving and maintaining the coin itself ?
And this person/persons have to be active in the thread, people tend to loose fate if they don't see the creator of the coin - after all, if he does not think his coin has a future why should they ? ( its just my opinion, i do not mean anything bad ). Of course the community has to support  this person, right now i guess the best way is with donation. I personally will be very happy to regularly  donate if i see that the coin is improving and work is being done.

After that there is the team that cares for the marketing of the coin.
- amazing logo
- great banners
- advertising ( banner exchange ) anywhere possible, even the smallest web pages are great help. Forum threads in different forums.
- web page that has great looks and everything on the coin in one place. pretty much a place where a person that hears for crypto currency for the first time can come and easily understand all about casino coin.
* that includes various guides with pictures, information on how to buy, sell, mine, play with the coin, best and most secure way to keep the coin ( people are really afraid of being hacked )
* profitability calculator, current and expected difficulty
* all exchanged and current rates
* and most importantly - all places that accept the coin, all places the coin is being discussed
* i am sure there is more then that but even that would be an amazing start

right now there are 2 pages for the code - one made by the creator ( transcoder ) and one made by casinocoin  - this looks strange to be honest and i think this can push people back. Why not gather the efforts and make all in the same place ?

So if we have this 2 teams working actively together then for sure there will be a bright future for the coin. But i definitely think that the key to all is working together. All people that want to help in one of the teams should have some sort of skype group, IRC chat, or anything like that. Pretty much a place where they can discuss and plan the future of the coin.


Now i would like to say some thoughts on the gambling side. I have been in this business since A LOT of time. As a player, as a poker manager in pretty big rooms and now i am running a very successful affiliate web page. So i will give my point of view.

All gambling operators look for one thing only - profit. So if you can offer them a way to increase the profit, they will like the idea and jump in. No one will go after the idea just cuz its great.
So what can the casino coin offer them ?
For one its the low transaction fees, as stated in a previous comment, Credit card charge backs are not very nice. Even transactions to Skrill, Netteler are way bigger then what casino coin can provide.
But how will the players use the coin ? And i think this is the most important part.
Right now if we say a big company wants to use the coin. The games everywhere are in USD/EU whatever currency. So to think that they will change that and start using casino coin is madness.
The idea should be to use casino coin as one of the options for funding the players account.
But how will that happen ? The player will deposit CSC to his wallet in the room, after that he has to convert his funds to the desired currency and play with it - after that he can either convert back or keep it. Pretty much as
the exchange between diff currency works at Pokerstars.
The problem that i see at this moment is that the room has to convert the players CSC to cash, then the room has to convert the CSC -> BTC and THEN BTC>cash. And no room will do that manually. Even if its just CSC-> cash the exchange has to be done automatically  : player deposits 1000 CSC, then sends a request to transfer 1000 CSC -> Cash, room give's him a rate , exchanges 1000CSC for cash and in the same time give's him the money.
So i think that the main thing to be done here is a program that can do that automatically. So when we go to the gambling operators we give them a full solution.
Meaning - you get the full package. You get CSC implemented on your web page and then you get this program that works with Cryptsy, Coin-e, any exchange that accepts coins. When the player requests to buy cash for CSC, the program automatically gives him the exchange rate and when he presses the BUY button, the program automatically sells the amount at the exchange and give's him the money.

Okay its starting to get a very long post and i think not many people will read it
To end it i just want to say that i love the idea of the coin ! I will do all i can to support it. I can provide help with logo,banner, graphic designs ( just not web page design atm ) , i can provide facebook support and if i see that the people behind are working actively on the coin i will even fund FB campaigns myself. When we are ready i can start negotiations with gaming operators.
Right now i will donate a bit more and hope to get everyone excited on the coin, i hate seeing it loose value on the exchanges, lets change that !
I am sending another 250 CSC to casino coin and i will be very happy to donate some more to transcoder when he comes back !

Cheers all.

[Aki4real]

Nice posts, even though they are long... People interested in csc will certainly dig through them.

I just have one addition, in order to become a gaming currency, we should have a stable price csc/usd csc/eur csc/yuan csc/yen.
Because if a player wins and the btc price and/or csc/btc price drops.. He or she will still have lost money instead of winning.

Is there a possibility of pairing csc directly with fiat money?

[kopam]

Nice posts, even though they are long... People interested in csc will certainly dig through them.

I just have one addition, in order to become a gaming currency, we should have a stable price csc/usd csc/eur csc/yuan csc/yen.
Because if a player wins and the btc price and/or csc/btc price drops.. He or she will still have lost money instead of winning.

Is there a possibility of pairing csc directly with fiat money?

This is another reason i think that the casino coin should be used to fund the accounts with fiat. And not as an actual chip. Maybe in the future when its more stable we can think also of that but right now it would be madness for any player to do it. As you said he can deposit for example 100CSC that are worth 10$, then he plays for 2 hours and has 300 CSC but the prize has gone drastically down so now he has 8$.
One of the main things that have to be considered with gambling is that the bigger % of people ( anyone that is not doing it for a living ) want to have FUN ! they want to deposit - player - eventually withdraw , if they don't loose it all  ). And looking for exchange rates, waiting to withdraw until the prize goes up etc - that's not really the definition of fun  So well i said how i see things in my long post, if any one cares to read that long haha

[Aki4real]

Nice posts, even though they are long... People interested in csc will certainly dig through them.

I just have one addition, in order to become a gaming currency, we should have a stable price csc/usd csc/eur csc/yuan csc/yen.
Because if a player wins and the btc price and/or csc/btc price drops.. He or she will still have lost money instead of winning.

Is there a possibility of pairing csc directly with fiat money?

This is another reason i think that the casino coin should be used to fund the accounts with fiat. And not as an actual chip. Maybe in the future when its more stable we can think also of that but right now it would be madness for any player to do it. As you said he can deposit for example 100CSC that are worth 10$, then he plays for 2 hours and has 300 CSC but the prize has gone drastically down so now he has 8$.
One of the main things that have to be considered with gambling is that the bigger % of people ( anyone that is not doing it for a living ) want to have FUN ! they want to deposit - player - eventually withdraw , if they don't loose it all  ). And looking for exchange rates, waiting to withdraw until the prize goes up etc - that's not really the definition of fun  So well i said how i see things in my long post, if any one cares to read that long haha

I see what you re saying, but this would mean the house should act as an semi- exchange.
This might be possible, but the house should have a bunchload of fiat money on the side!

OR what do you think about something in the middle, you deposit csc and get chips worth the realtime fiat value of that csc. Then if you cash out, you get csc back in the realtime fiat value of your coins at that moment..

What do u guys think?

[jakiman]

I said some of the things already a few times but i will say them again.

That was one awesome post with some great ideas/tips!

First of all i think that there has to be a clear idea of who is working on the coin. After all people have to know if the coin is secure = is some one working actively on improving and maintaining the coin itself ? And this person/persons have to be active in the thread, people tend to loose fate if they don't see the creator of the coin - after all, if he does not think his coin has a future why should they ? ( its just my opinion, i do not mean anything bad ). Of course the community has to support  this person, right now i guess the best way is with donation. I personally will be very happy to regularly  donate if i see that the coin is improving and work is being done.

I agree. casinocoin is doing good for the coin but also for his business obviously. =)
If transcoder cannot support this coin regularly, someone else needs to become a co-developer.
(I think I read somewhere that transcoder being quiet was due to health issues?)

right now there are 2 pages for the code - one made by the creator ( transcoder ) and one made by casinocoin  - this looks strange to be honest and i think this can push people back. Why not gather the efforts and make all in the same place ?

I think the main web page http://casinoco.in/ is not bad.
But the main page could be improved with better looks etc to make it more professional. (But I'm no web/graphic designer. =p)
Also, the forum.casinoco.in link is dead! Having another site Casinocoin.org is also very confusing to newcomers. Not good IMO.

1 thing I'm also confused about is the main CSC logo.
There are 2 different logs on OP and also on the main website.
Which is the main logo?

Other than casinocoin making his own casino, I don't see any active support for this coin by the developer nor the community.
I have ZERO useful skills (nor money) for CSC development other than give ideas/feedback in the forums and make some tiny buzz.
If I could code or build a nice web site, I would be all over CSC!!  

The idea should be to use casino coin as one of the options for funding the players account.

I agree. As you say, existing online casinos bet using fiat. So CSC will need to be converted to fiat.
With only Cryptsy supporting CSC/BTC exchange, it won't go very far.
Need a dedicated exchange for CSC/USD & CSC/EUR such as what TAG has. (http://trade.tagbond.com/)
But it seems TAG is a proper "company" with lots of employees and with a lot of investment money put into it.
I doubt that will happen with CSC unless a big high roller / casino / rich guy invests in CSC to improve its infra.

To end it i just want to say that i love the idea of the coin ! I will do all i can to support it. I can provide help with logo,banner, graphic designs ( just not web page design atm ) , i can provide facebook support and if i see that the people behind are working actively on the coin i will even fund FB campaigns myself. When we are ready i can start negotiations with gaming operators.

This coin was waiting for a person like you!! I think you definitely should work with transcoder / casinocoin.  
All I can say is that you will be greatly appreciated by a lot of people (and with donations) if you can provide such improvements for this coin.

[jakiman]

I see what you re saying, but this would mean the house should act as an semi- exchange.
This might be possible, but the house should have a bunchload of fiat money on the side!

But most casinos do have a whole heap of money on the side.
It's by law in many countries that they have enough money to be able to pay any winnings to the player.

OR what do you think about something in the middle, you deposit csc and get chips worth the realtime fiat value of that csc. Then if you cash out, you get csc back in the realtime fiat value of your coins at that moment..

I think kopam is saying that a lot (most?) online sites don't have their own chips. Games are played using fiat directly.
So to target "existing" game / casino sites, what you are saying is not really feasible.

[kopam]

I'm glad that some one took the time to read it all
I am sorry to hear transcoder has health problems, i hope he gets well fast !
But i think this is exactly the problem, a successful coin can not be a one man army. There have to be other people that can step in when some one has problems. Its only natural for people to have different problems.
I did never personally talk to transcoder so i don't know his opinion but i just think it would be great to have at least 2 ( the more the better ) people working on the coding part of the coin.


My idea about the pages is exactly that - get all in one place, and remove all the confusion ( 2 logo's etc, people wondering are there 2 casino coins ? )


I think that any one can help to the coin, even if you dont have skills that are required right now and you can not make any donations, that is just fine. There are plenty of ways to contribute, you can talk to other people, when the FB page is up , you can help to promote it, if you are using other forums, you can start a thread there and talk about the coin etc. ACTIVITY is the key, when there is no fuzz about the coin, its slowly gonna die. As soon as there is a plan on how to proceed, and major things are fixed, i will make sure to start a thread in every big poker forum out there i know and if the community itself supports it, we can get a lot more people into the coin.


Yes we need a CSC - USD exchange, but right now i do not think this is possible. Still, we do not need to hurry, lets first get a running web page with all on it, lets get more people talking about the coin, then lets get it on all alt currency exchanges with a somewhat stable prize and THEN we can think on other things. Right now the only exchange is Cryptsy with VERY low volume, if we do not change that, they might even remove the coin ! No one will be happy about that. The coin has so much more potential then half of the coins on other exchanges, just no real strategy.


Yes all gambling operators are using fiat. So no one will implement a special chip at this moment. And the real future of the coin lies in the gambling operators. So even if its hard, its better to think in the right direction from the start.


Cheers all !