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Author Topic: [777C] 777 Casino Private IPO  (Read 2840 times)
bob131313 (OP)
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August 31, 2013, 05:27:43 PM
 #21

To be clear. This is not a big company that is getting into the market. This is me. 1 person with plenty of experience in the web and app design. This will be the beta product of this start-up.  There is no magic company behind the curtain. You are getting exactly what is outlined in this thread.  As the project becomes a success more talent will be brought in and the avenues of expansion will be explored.

bob131313 (OP)
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August 31, 2013, 07:57:40 PM
 #22

So you're using ZetaCoin.
How do you plan to mitigate 51% attacks? Given that its hashrate is low, one big miner could easily attack it.
The fast block / low confirmation makes it even easier.

Internal system will be off block.  I hope to use ZET, the 51% attack issue is a real issue that needs to be addressed by the devs of ZET. Just like all the exchanges have taken the same risk, monitoring of the health of the block-chain can been added to the app before cash-out's. Using any alt-coin has inherited risk. The level of risk the company is willing to take will be adjusted as time will tell. Once the final prototype is done, we will roll as needed.
Since most mobile game play is done in patches of 2-5 minutes, having the ability to work quickly is a high expectation. ZET works for this at this time. In the future it may be BTC 2.0 that does this.

As always, thank you for the insight.
bob131313 (OP)
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August 31, 2013, 10:17:43 PM
 #23

What people can do is deposit more than what they have.
Look into what happened to FTC. And ZET looks much easier to attack.

I have made a note and will look into what protections can be put into place.
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September 17, 2013, 12:19:04 AM
 #24

After some thought I have decided to abandon the altcoin space. I feel the energy should be better spent to improve BTC and enhance the protocol to cover the things it needs.  Of the alts I have seen in the last 5 months, I am convinced that all are pump and dumps and truly do not intend to do anything more then create, pump, exchange and dump for BTC.

I am continuing this project but will be converting the investments to BTC instead of ZET. Having checked out inputs and other off chain systems it seems the need for an alt to accomplish the fast deposit needs of the app is not really needed. If the app supports the alt coins in the future it will be through and exchange with btc.

I have returned all investment of ZET to the addresses that sent the deposit.  Once the app launches the only investment system will be the in-app system. Once I have the beta ready I will open this thread for IPO purchase.

I am still working on this project and will continue to post the progress here.

http://bit.usr.sh:2750/address/ZJmxzXRHXV88PadLTu2vR2mCpzRQrDtdiC


~Bob
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