[ANN][CHA] Chancecoin, SuperNET core coin for betting in a decentralized casino

[TwinWinNerD]

At the current rate of block generation (with some blocks being generated sometimes 7 minutes after the last), I'd guess that we'll reach the final block for burning between the 23rd of this month and the 2nd of May. What happens if only a miniscule amount of Chancecoins are created in the burn period? I propose indefinitely extending the burn period until you guys reach a minimum amount of CHA you're both comfortable on starting the project with. At the current rate, it doesn't even look like a million coins will be created.

Changing the burn period would harm the integrity of the coin, so we are not willing to change the burn period. The coins are divisible to the hundred millionths of a coin, so even if there are only 25,000 CHA in existence, that's still enough for the Chancecoin casino to operate.

I agree, the amount doesnt matter too much.

Also could you please check the amount of CHA on this address?
18888888PPJ8oGeqR6AKmoiKUme9da48Xf

(Still cant get passed that damn block, even after deleting the DB and rescanning )

Sure, I see 208.18287037 CHA there.

Also, do you know what the issue could be?
I work within a VM on a tinyXP Windows. The blockchain is uptodate and it is txindex=1 with a rescan.
When i delete the DB of chancecoin it starts downloading up to the block XXXXXX and always stops at exactely this block.

What trouble shooting can i do?

Which block does it stop on? I'll look into it.

292091

I deleted the DB 3 times, always scans to this block, then stops.

[1715350231]

1715350231

[1715350231]

1715350231

[1715350231]

1715350231

[1715350231]

1715350231

[magician]

At the current rate of block generation (with some blocks being generated sometimes 7 minutes after the last), I'd guess that we'll reach the final block for burning between the 23rd of this month and the 2nd of May. What happens if only a miniscule amount of Chancecoins are created in the burn period? I propose indefinitely extending the burn period until you guys reach a minimum amount of CHA you're both comfortable on starting the project with. At the current rate, it doesn't even look like a million coins will be created.

Changing the burn period would harm the integrity of the coin, so we are not willing to change the burn period. The coins are divisible to the hundred millionths of a coin, so even if there are only 25,000 CHA in existence, that's still enough for the Chancecoin casino to operate.

I agree, the amount doesnt matter too much.

Also could you please check the amount of CHA on this address?
18888888PPJ8oGeqR6AKmoiKUme9da48Xf

(Still cant get passed that damn block, even after deleting the DB and rescanning )

Sure, I see 208.18287037 CHA there.

Also, do you know what the issue could be?
I work within a VM on a tinyXP Windows. The blockchain is uptodate and it is txindex=1 with a rescan.
When i delete the DB of chancecoin it starts downloading up to the block XXXXXX and always stops at exactely this block.

What trouble shooting can i do?

Which block does it stop on? I'll look into it.

292091

I deleted the DB 3 times, always scans to this block, then stops.

Could you tell me what you see in the log file (same directory as the db)?

[Venetian]

Hello, brother, I briefly translation on the contents of CHA, http://www.dianzibi.com.cn/portfolio-item/cha.
welcome to supplement. Chinese name called "菠菜币", spinach = gambling,`(*∩_∩*)

感觉  好运币 更好听

好运币 is a good name. We should go with that. Help us spread the word in the Asian bitcoin/altcoin communities!

[TwinWinNerD]

At the current rate of block generation (with some blocks being generated sometimes 7 minutes after the last), I'd guess that we'll reach the final block for burning between the 23rd of this month and the 2nd of May. What happens if only a miniscule amount of Chancecoins are created in the burn period? I propose indefinitely extending the burn period until you guys reach a minimum amount of CHA you're both comfortable on starting the project with. At the current rate, it doesn't even look like a million coins will be created.

Changing the burn period would harm the integrity of the coin, so we are not willing to change the burn period. The coins are divisible to the hundred millionths of a coin, so even if there are only 25,000 CHA in existence, that's still enough for the Chancecoin casino to operate.

I agree, the amount doesnt matter too much.

Also could you please check the amount of CHA on this address?
18888888PPJ8oGeqR6AKmoiKUme9da48Xf

(Still cant get passed that damn block, even after deleting the DB and rescanning )

Sure, I see 208.18287037 CHA there.

Also, do you know what the issue could be?
I work within a VM on a tinyXP Windows. The blockchain is uptodate and it is txindex=1 with a rescan.
When i delete the DB of chancecoin it starts downloading up to the block XXXXXX and always stops at exactely this block.

What trouble shooting can i do?

Which block does it stop on? I'll look into it.

292091

I deleted the DB 3 times, always scans to this block, then stops.

Could you tell me what you see in the log file (same directory as the db)?

I don't see any logfile, do i need to enable logging anywhere?

[Venetian]

At the current rate of block generation (with some blocks being generated sometimes 7 minutes after the last), I'd guess that we'll reach the final block for burning between the 23rd of this month and the 2nd of May. What happens if only a miniscule amount of Chancecoins are created in the burn period? I propose indefinitely extending the burn period until you guys reach a minimum amount of CHA you're both comfortable on starting the project with. At the current rate, it doesn't even look like a million coins will be created.

Changing the burn period would harm the integrity of the coin, so we are not willing to change the burn period. The coins are divisible to the hundred millionths of a coin, so even if there are only 25,000 CHA in existence, that's still enough for the Chancecoin casino to operate.

I agree, the amount doesnt matter too much.

Also could you please check the amount of CHA on this address?
18888888PPJ8oGeqR6AKmoiKUme9da48Xf

(Still cant get passed that damn block, even after deleting the DB and rescanning )

Sure, I see 208.18287037 CHA there.

Also, do you know what the issue could be?
I work within a VM on a tinyXP Windows. The blockchain is uptodate and it is txindex=1 with a rescan.
When i delete the DB of chancecoin it starts downloading up to the block XXXXXX and always stops at exactely this block.

What trouble shooting can i do?

Which block does it stop on? I'll look into it.

292091

I deleted the DB 3 times, always scans to this block, then stops.

Could you tell me what you see in the log file (same directory as the db)?

I don't see any logfile, do i need to enable logging anywhere?
https://i.imgur.com/HHn2axR.png

We are going to try to reproduce this particular problem on our windows machine and get back to you soon. Sorry for the inconvenience.

[overthetop2011]

Hello, brother, I briefly translation on the contents of CHA, http://www.dianzibi.com.cn/portfolio-item/cha.
welcome to supplement. Chinese name called "菠菜币", spinach = gambling,`(*∩_∩*)

感觉  好运币 更好听

好运币 is a good name. We should go with that. Help us spread the word in the Asian bitcoin/altcoin communities!

好运币 名字真的很不错！

让人印象深刻，一听就记住了。

[Wsbltc]

What will happen if someone win the first bet after burn period.

According to technical page said, if the gambler win, he will get more CHA while the others hold their CHA unchanged. So the total amount of CHA will get bigger.

But CHA only created by PoB. After Buring period, the amount of CHA should be fixed.

What on earth the total amount of CHA is fixed or can be changed?

[Janitor]

What on earth the total amount of CHA is fixed or can be changed?

It seems to me this is like saying that bitcoin will become useless once all coins are mined.
Did you complain about that on bitcoin forums?

[Wsbltc]

I am not talking about the number of BTC, my question is whether the total number of CHA is fixed or can be changed(due to win/loss result of every bet)

[bitwinwin]

I don't get it.

[Wsbltc]

See the technical page http://chancecoin.com/technical, note the special payout mechanism designed.

"One might assume that when a Chancecoin gambler wins or loses a bet, CHA is transferred between his wallet and the wallets of the other CHA holders. In fact, this is not the way Chancecoin's payout system works. When a Chancecoin gambler wins or loses a bet, his balance is the only balance that changes, but the effect is still the same as in the standard payout system. To illustrate this, let's go through the two cases, where the gambler wins and the gambler loses.

.........................
.........................
.........................

Chancecoin always fixes the amount of CHA held by the remaining CHA owners who are not gambling and adjusts the amount of CHA held by the gambler, depending on whether he wins or loses. The assumption is that the exchange rate will adjust so that the USD market values of the gambler and the remaining CHA holders match what they would be under the standard payout system after the bet is resolved."

[TwinWinNerD]

See the technical page http://chancecoin.com/technical, note the special payout mechanism designed.

"One might assume that when a Chancecoin gambler wins or loses a bet, CHA is transferred between his wallet and the wallets of the other CHA holders. In fact, this is not the way Chancecoin's payout system works. When a Chancecoin gambler wins or loses a bet, his balance is the only balance that changes, but the effect is still the same as in the standard payout system. To illustrate this, let's go through the two cases, where the gambler wins and the gambler loses.

.........................
.........................
.........................

Chancecoin always fixes the amount of CHA held by the remaining CHA owners who are not gambling and adjusts the amount of CHA held by the gambler, depending on whether he wins or loses. The assumption is that the exchange rate will adjust so that the USD market values of the gambler and the remaining CHA holders match what they would be under the standard payout system after the bet is resolved."

What exactely don't you understand with this?`

Case A: Gambler wins and there are more CHA in existence. Thus he wins and all other stakeholders suffer because the additional CHA make every other CHA a bit less valuable. Outcome: exactely as expected.

Case B: Gambler loses and there are now less CHA in existence. Thus he loses and all other stakeholders profit because now there are less total CHA in existence, thus making every CHA more valuable.

This is a very elegant solution to a problem that would otherwise have to settle each bet with an infinite number of transactions to EACH stakeholder. I like it

[nightwishx]

Is that the right way to reindex and txindex the chain?


bitcoind.exe -reindex -txindex=1

Yes, that's correct. You can also set txindex=1 in the bitcoin.conf file and start bitcoind with -reindex.

hmm, When i open the gui.exe now, it doesn't bring an error, but the wallet is just the frontpage of the homepage. Nothing about any CHA there. Please help^^

What if you click on the "Wallet" tab on the top? Once you are on the "Wallet" page, you should see the message "Chancecoin is up to speed. Chancecoin has finished processing 29XXXX out of 29XXXX Bitcoin blocks". One way you can test that everything is set up correctly is to type in your Bitcoin address under Balance section and click on Get Balance to check your Chancecoin balance.

My bitcoin wallet        current number of blocks 208947
Only recognize 29XXXX?

Is there anyone who will help me? 

Try restarting the program, and see if the 29XXXX keeps updating from there.

Or not, there is no easy way?

[magician]

I am happy to announce that we are hard at work on an improved wallet software that harnesses bitcoinj. This will have several advantages and solve a lot of issues we've been hearing about in regards to installing and using the current wallet software. I'll get into these details later, but I just wanted to give a quick update.

It looks like the burn period has been going well so far. I'd like to thank the whole community for its continued support. Special thanks goes to those who have gone out of their way to answer questions in the forum and promote Chancecoin at other venues. We're very excited to see this project come to full fruition.

[Cryptokk]

https://i.imgur.com/aReX5UK.png

www.cryptokk.com
Official thread: https://bitcointalk.org/index.php?topic=507303.0

http://www.cryptokk.com/gfx/votes/cha2.png

Joined the coin voting list !

Help CHA to be the 50th coin on Cryptokk !

http://www.cryptokk.com/?p=votes

(votes has been reset, you joined a fresh list)

[nightwishx]

Is this normal?

Send direct bitcoin to 1ChancecoinXXXXXXXXXXXXXXXXXZELUFD?

 

[stoneone]

Is this normal?

Send direct bitcoin to 1ChancecoinXXXXXXXXXXXXXXXXXZELUFD?

 

I also encountered the same problem
stop update

[xianglan]

I am happy to announce that we are hard at work on an improved wallet software that harnesses bitcoinj. This will have several advantages and solve a lot of issues we've been hearing about in regards to installing and using the current wallet software. I'll get into these details later, but I just wanted to give a quick update.

It looks like the burn period has been going well so far. I'd like to thank the whole community for its continued support. Special thanks goes to those who have gone out of their way to answer questions in the forum and promote Chancecoin at other venues. We're very excited to see this project come to full fruition.

GOOD JOB.
I like the project, I will burn more btc and let more people know this coin.

[reader31]

I have burnt a few bitcoins from a blockchain.info address. How do I verify that CHA got credited to my address as expected?

[xianglan]

I have burnt a few bitcoins from a blockchain.info address. How do I verify that CHA got credited to my address as expected?

I also want to know .
It will take 10G place to run currently wallet because it need install the btc-qt, the btc-qt will take 10G place.