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

[sdersdf2]

How are
1) what people bet on
2) what the stakes are

determined with this coin? Basically, how does the decentralised gambling actually work?

[shadypepe]

How are
1) what people bet on
2) what the stakes are

determined with this coin? Basically, how does the decentralised gambling actually work?

from a non-technical point of view it's actually very simple: people make a bet, putting in their desired stake and winning probability, the system determines if the gambler won or lost via new york lottery drawing and he or she gets his coins or loses them. if he wins new coins are created, if he loses his stake is destroyed, which levels out on a long-term time scale.

[TwinWinNerD]

[sdersdf2]

How are
1) what people bet on
2) what the stakes are

determined with this coin? Basically, how does the decentralised gambling actually work?

from a non-technical point of view it's actually very simple: people make a bet, putting in their desired stake and winning probability, the system determines if the gambler won or lost via new york lottery drawing and he or she gets his coins or loses them. if he wins new coins are created, if he loses his stake is destroyed, which levels out on a long-term time scale.

So people are betting only on ny lottery drawings? Just wondering what some examples look like.

[bitcoinrocks]

How are
1) what people bet on
2) what the stakes are

determined with this coin? Basically, how does the decentralised gambling actually work?

from a non-technical point of view it's actually very simple: people make a bet, putting in their desired stake and winning probability, the system determines if the gambler won or lost via new york lottery drawing and he or she gets his coins or loses them. if he wins new coins are created, if he loses his stake is destroyed, which levels out on a long-term time scale.

So people are betting only on ny lottery drawings? Just wondering what some examples look like.

I'm curious about this too.

[Coindacioius]

Someone made a 7000CHA bet in casino. 98% "Chance to win".
Let's see the result.

Win 72CHA

Actually it was a 6969 CHA bet.....ballin'!

[shadypepe]

How are
1) what people bet on
2) what the stakes are

determined with this coin? Basically, how does the decentralised gambling actually work?

from a non-technical point of view it's actually very simple: people make a bet, putting in their desired stake and winning probability, the system determines if the gambler won or lost via new york lottery drawing and he or she gets his coins or loses them. if he wins new coins are created, if he loses his stake is destroyed, which levels out on a long-term time scale.

So people are betting only on ny lottery drawings? Just wondering what some examples look like.

I'm curious about this too.

the lottery drawings are just an input for randomness. example: i  choose 50% probability and i bet 100 cha. i win, i get 200 cha. (disregarding house edge).
it's really not that complicated to understand (as a concept at least, i guess technically it's a very challenging thing to develop)

can somebody elaborate on this? profit should be negative, right? or is this the house edge profit?

[TwinWinNerD]

How are
1) what people bet on
2) what the stakes are

determined with this coin? Basically, how does the decentralised gambling actually work?

from a non-technical point of view it's actually very simple: people make a bet, putting in their desired stake and winning probability, the system determines if the gambler won or lost via new york lottery drawing and he or she gets his coins or loses them. if he wins new coins are created, if he loses his stake is destroyed, which levels out on a long-term time scale.

So people are betting only on ny lottery drawings? Just wondering what some examples look like.

I'm curious about this too.

the lottery drawings are just an input for randomness. example: i  choose 50% probability and i bet 100 cha. i win, i get 200 cha. (disregarding house edge).
it's really not that complicated to understand (as a concept at least, i guess technically it's a very challenging thing to develop)

can somebody elaborate on this? profit should be negative, right? or is this the house edge profit?

It is from the viewpoint of the house.  If you bet any amount the house stands to win the house edge on average. The house won more than expected currently

[mightname]

Please Give some suggestions about the new betting and gambling functions added to CHA!!!

From magician:

Venetian and I are going to have a discussion about what games and betting functionality to add next, based on all the feedback we've received.
what's your favorite method of sports betting? what existing site is a good example of the style of betting Chancecoin should implement?
and for regular casino games (blackjack, roulette, pai gow, poker, etc.), which ones do you think are most important to implement?
I g2g, but if you guys get a chance to answer those questions, I'll check the responses later.

[Matt Y]

If Chancecoin is in a position to make decentralized poker happen, there is a market for it.

http://forumserver.twoplustwo.com/29/news-views-gossip/bitcoin-making-online-gambling-legal-u-s-1284941/
http://forumserver.twoplustwo.com/29/news-views-gossip/idea-relating-new-regulation-decentralized-poker-software-1021113/
http://forumserver.twoplustwo.com/29/news-views-gossip/bitcoins-answer-us-poker-players-1021284/

[mightname]

Please Give some suggestions about the new betting and gambling functions added to CHA!!!

From magician:

Venetian and I are going to have a discussion about what games and betting functionality to add next, based on all the feedback we've received.
what's your favorite method of sports betting? what existing site is a good example of the style of betting Chancecoin should implement?
and for regular casino games (blackjack, roulette, pai gow, poker, etc.), which ones do you think are most important to implement?
I g2g, but if you guys get a chance to answer those questions, I'll check the responses later.

Football gambling first please!

[Coindacioius]

Is there any way to get a transaction id for sent CHA?

A 10000 CHA deposit has not been credited to my poloniex account.

It is has been 24+ hours since I sent the CHA.

deposit address:
178eBPD2gFLbT1ajdwkvbNDfGkvKVZNWn9

[peled1986]

Please Give some suggestions about the new betting and gambling functions added to CHA!!!

From magician:

Venetian and I are going to have a discussion about what games and betting functionality to add next, based on all the feedback we've received.
what's your favorite method of sports betting? what existing site is a good example of the style of betting Chancecoin should implement?
and for regular casino games (blackjack, roulette, pai gow, poker, etc.), which ones do you think are most important to implement?
I g2g, but if you guys get a chance to answer those questions, I'll check the responses later.

Football gambling first please!

I Agree - 2014 FIFA World Cup Brazil start June 12!
If chancecoin will have an easy client this will be amazing opportunity

other from that poker is the most popular game and I personally also like blackjack (will probably be easier to implement)

(p.s: mightname where did magician say this? it's not here and not in the chancecoin chat).

[TOYJJWGS]

I hope you can speed up the process, develop more new projects, to attract more people to come in

[yeaar]

To Chinese users:issues in CHA wallet related to the internet ban in China on bitcoin

I find almost all issues in CHA wallet are related to the internet ban in China on bitcoin.Such as btc balance no show,500 Internal Error,and even the following sync issue:
Sometimes when the sync loading has not finished,namely the cha block number is not equal to the btc block number, the loading interface will disappear and directly enter the chancecoin wallet interface.

Using VPN can solve these problems.How to solve the problem thoroughly and the final solution to bypass the some internet ban in China on bitcoin?

Many Chinese people meet the internet ban issue. Need solve the problem thoroughly.


中国用户使用CHA钱包碰到问题几乎都和被墙有关，需要VPN翻墙。

总结下，CHA钱包使用中碰到的最常见的两个问题。

1.同步问题

大家打开钱包首先是看到进度条，必须保证进度条上显示的cha和btc块数据同步到一样了，进入钱包才是正常的，否则进入钱包也操作不了。
比如上面的图中，如果cha 是301147，没到btc的301216，此时就进到钱包的话，就会出问题，操作不了。这时必须将钱包关了，重新启动钱包，一直到两个数字同步到相等为止。

也就是必须在loading阶段，使得两个数字一样，这时进钱包才是对的，否则重启钱包，有时可能要重启几次。

在以上步骤都没问题，也就是loading进度条完全完成，CHA和BTC块的两个数字完全一样并进入钱包后还出现同步问题，则可以用下面图中的reparse强制重新同步。


2.出现钱包地址上BTC不显示，500 Internal Error等问题，都是由于被墙造成的，需要使用翻墙工具，比如VPN，打开VPN，将原私钥删除后再导入问题就能解决。

以上的问题1也可能与被墙有关，可以在打开VPN情况下再开启钱包。

有问题可以加入中国chancecoin QQ群交流：127125700

After using VPN, CHA wallet can be used normally to Chinese users.

To Chinese people,suggest using this VPN   http://www.hibay.net/sign/sign_in

使用VPN后，CHA钱包使用一切正常！对于中国用户，建议使用海贝VPN，注册邮箱可以免费使用1小时，不断注册可以不断免费使用，如果觉得麻烦就缴费，很便宜的。
网址：http://www.hibay.net/sign/sign_in

This is helpful. The VPN is free for 1 hour and 18 CNY for one month. I am currently using this VPN to download the wallet. So far so good.

[Sanglotslongs]

Football gambling first please!

I Agree - 2014 FIFA World Cup Brazil start June 12!
If chancecoin will have an easy client this will be amazing opportunity

other from that poker is the most popular game and I personally also like blackjack (will probably be easier to implement)

(p.s: mightname where did magician say this? it's not here and not in the chancecoin chat).

Great idea, they should be a big buzz for chancecoin ! A gambling application with "bet" like NXT asset, who any body can create a bet.
(http://www.bitcoinlivebets.com/index.php?action=wetten&u=liga&id=9452)
But who can chose the result of the bet ? A bot, or an admin ? Bet like this can't be automatic.

And a new logo

[shadypepe]

In terms of betting/gambling apps on top of cha I'd recommend a step by step approach:

Step 1: popular games that can be constructed by "rolling dice", i.e. roulette. This could be done very quickly with minimal development effort.
Step 2: multiplayer games, simply in order of popularity/usage
Step 3: sports betting via decentralised system that determines the odds

[aasl]

good to see the growth of the coin

[superresistant]

Step 3: sports betting via decentralised system that determines the odds

Everyone is talking about betting sport but this cannot be decentralized.

[shadypepe]

Step 3: sports betting via decentralised system that determines the odds

Everyone is talking about betting sport but this cannot be decentralized.

why not? it's basically an exchange with prices that determine the odds. house edge could be easily implemented, hardcoding of the results shouldn't be extremely difficult. or am i missing something?