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Author Topic: PRE [ANN] CryptoCasino First Proof Of Risk coin- Internal Decentralized Casino  (Read 8770 times)
cryptopaths
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February 08, 2014, 11:03:31 PM
 #21

thanks to all that have shown interest in this I'm also open to any suggestions and questions anyone has so feel free to ask.

This looks extremely innovative and very interesting. It sounds like you have a really good concept here, this coin is innovative enough that to ensure its success you really only need to do one thing: don't rush the launch, make sure all the bugs are worked out pre-launch and that the launch is fair and runs smoothly. If you do that then this idea has the potential to meet or even surpass the other recent innovative coins (ie Huntercoin and Vertcoin).
Good Luck!

I was saying to the moon but now I guess it's to the stars  Shocked
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February 08, 2014, 11:09:04 PM
 #22

Wait, I don't get it. How do I get the coins so that I can gamble so that I can mine coins? Wink
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February 08, 2014, 11:13:48 PM
 #23

Think of it like this a bank has 50M in stock so it allows 100 customers a loan of 500k so even if all customers come at once to withdraw their money the bank will be at 0 but not be in the red.

So, the maximal bet size will be lowered so that all winnings could be paid even in the worst case at all times?
Maybe it could work, if the bank would be big enough ....

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February 08, 2014, 11:22:48 PM
 #24

Think of it like this a bank has 50M in stock so it allows 100 customers a loan of 500k so even if all customers come at once to withdraw their money the bank will be at 0 but not be in the red.

Side note: if banks worked like that, we probably wouldn't have Bitcoins around Tongue
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February 08, 2014, 11:23:30 PM
 #25

...  the other recent innovative coins (ie Huntercoin and Vertcoin).

What is innovative in Vertcoin?

Release Date is still to be announced.

Just wondering, how long approximately till the release? Are we talking days, or rather months?

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February 08, 2014, 11:26:46 PM
 #26

Wait, I don't get it. How do I get the coins so that I can gamble so that I can mine coins? Wink

The initial distribution proccess will be announced soon keep an eye out.

Think of it like this a bank has 50M in stock so it allows 100 customers a loan of 500k so even if all customers come at once to withdraw their money the bank will be at 0 but not be in the red.

So, the maximal bet size will be lowered so that all winnings could be paid even in the worst case at all times?
Maybe it could work, if the bank would be big enough ....


That is not entirely how it works Proof Of Risk is a new protocol implemented in the first internal decentralized currency to make sure things are able to run smoothly independently. Your comment isn't entirely true but it catches the gist of it. The technical details of POR (Proof Of Risk) will be released with the source code at a certain stage in our development.

Think of it like this a bank has 50M in stock so it allows 100 customers a loan of 500k so even if all customers come at once to withdraw their money the bank will be at 0 but not be in the red.

Side note: if banks worked like that, we probably wouldn't have Bitcoins around Tongue

Read my entire example that was entirely my point  Smiley
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February 08, 2014, 11:26:53 PM
 #27

Quote

What is innovative in Vertcoin?


The adaptive n factor algo, I think.
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February 08, 2014, 11:33:25 PM
 #28

...  the other recent innovative coins (ie Huntercoin and Vertcoin).

What is innovative in Vertcoin?

Release Date is still to be announced.

Just wondering, how long approximately till the release? Are we talking days, or rather months?

All I will say right now is the release won't be in days so don't worry about missing the launch in the short term I'll announce the release date a good time before it happens.
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February 08, 2014, 11:41:20 PM
 #29

please get the word out everyone.
cryptopaths
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February 08, 2014, 11:43:45 PM
 #30

to the stars
cryptopaths
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February 09, 2014, 12:12:35 AM
 #31

much coin. such innovation
cryptopaths
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February 09, 2014, 01:55:33 AM
 #32

 Grin Shocked to the moon
cryptopaths
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February 09, 2014, 03:28:56 AM
 #33

get to the station before the train leaves Cheesy
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February 09, 2014, 07:23:20 AM
 #34

Very Interesting.. Count me in!
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February 09, 2014, 07:41:11 AM
 #35

Im in...however, if IPO distribution then i will require some more proof before I am in. But for now, I am in!

Huntercoin: H9kttkrQidiQMG9NibmTgjgCKqWJMAkAXD
Riecoin: Like us on https://www.facebook.com/TheRiecoinCommunity
cryptopaths
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February 09, 2014, 06:46:40 PM
 #36

waiting for today
cryptopaths
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February 09, 2014, 08:58:15 PM
 #37

all aboard Shocked
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February 09, 2014, 09:18:10 PM
 #38

Tell us more about Proof of Risk...

Msg me if you want me to put anything here.
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February 09, 2014, 09:20:30 PM
 #39

How will the casino generate fair randomness?

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
cryptopaths
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February 10, 2014, 02:17:22 AM
 #40

much coin much innovation such better
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