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

[TwinWinNerD]

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?

from where do you get 100% reliable and 100% true results without any trust issues.

How does the software post the bets? How could this ever be automated? Take bets from a centralised site? Can be manipulated.

I am 99% sure that sportsbetting can't be added..

Casino games on the other hand. Easy

i'd like to hear one of the developers comment on this. the results would obviously be a problem, though a very similar one to the randomness problem that was solved via the ny lottery drawings. the community would agree on a source for the results and that would be kept until it goes down.
the rest in my view (posting the bets) could be achieved just like a decentralised exchange works.

Who sets the odds?

If you think sportsbetting can be added easily you are delusional.

There are so many probelms that come to mind. How are refunds ect handeled? How are bets handeled that get canceled because the house calculated the odds wrong?

i don't say it's easy, what i'm saying is it should be technically possible and achievable.

the odds would be set by a market, as i said just like the decentralised exchange works. betting is like trading a digital option or maybe a cfd.
i also see a lot of problems of different sizes, though nothing that's really making this impossible. no refunds obviously, does bitcoin allow for refunds if you got robbed?

again, i haven't had time to actually think through every aspect, so i'd be happy if someone proved me wrong, though nobody has so far.

Who can decide "team A won" and "team B lose" ? An admin ? Only manually ?

Very easy. API from authoritative website such as Yahoo.

who sets the odds?

And don't say market, we have no market, we don't have one. It must be decentralised and trustless...

It can be centralized somewhere. Why not? What is more important? Attractive functions.

Decentralization+centralization is better sometimes.It will have advantages of both.

Dec+c is ok, but not in this situation. How are wrong payouts handled? How are refunds handled? How are wrong odds handled? How are manipulation of the odds feed handled? There are tons of problems. Also please show me a single provide of gambling odds that is as trustworthy as the NY lottery?

[mightname]

Dec+c is ok, but not in this situation. How are wrong payouts handled? How are refunds handled? How are wrong odds handled? How are manipulation of the odds feed handled? There are tons of problems. Also please show me a single provide of gambling odds that is as trustworthy as the NY lottery?

All these depend on the data from authoritative website such as Yahoo whatever the data wrong or right.Set up the rule,no one will complain even sometimes the data is wrong.

[TwinWinNerD]

All these depend on the data from authoritative website such as Yahoo whatever the data wrong or right.Set up the rule,no one will complain even sometimes the data is wrong.

You might think that, but you can't make it 100% sure that those result streams from those websites can't be manipulated.

If these functonalities get implemented, where it isn't 100% tamper proof, I will sell all my CHA.

[shadypepe]

All these depend on the data from authoritative website such as Yahoo whatever the data wrong or right.Set up the rule,no one will complain even sometimes the data is wrong.

You might think that, but you can't make it 100% sure that those result streams from those websites can't be manipulated.

If these functonalities get implemented, where it isn't 100% tamper proof, I will sell all my CHA.

not 100% but 99%. Or to put it differently, it would be so expensive and difficult to do that it would only make sense if the market cap of CHA is 10 billion US, but then the developer can still change the data source when that happens

[TwinWinNerD]

All these depend on the data from authoritative website such as Yahoo whatever the data wrong or right.Set up the rule,no one will complain even sometimes the data is wrong.

You might think that, but you can't make it 100% sure that those result streams from those websites can't be manipulated.

If these functonalities get implemented, where it isn't 100% tamper proof, I will sell all my CHA.

not 100% but 99%. Or to put it differently, it would be so expensive and difficult to do that it would maybe make sense if the market cap of CHA is 10 billion US, but then the developer can still change the data source when that happens

Show me a datastream that no single person can manipulate that offers relatively correct odds for sporting events? What I'm saying is that sites that offer gambling rely on mediating. A single person there can fuck with the API stream and place bets. That wouldn't be expensive..

[TOYJJWGS]

Wait. for the new function of CHA!

[shadypepe]

All these depend on the data from authoritative website such as Yahoo whatever the data wrong or right.Set up the rule,no one will complain even sometimes the data is wrong.

You might think that, but you can't make it 100% sure that those result streams from those websites can't be manipulated.

If these functonalities get implemented, where it isn't 100% tamper proof, I will sell all my CHA.

not 100% but 99%. Or to put it differently, it would be so expensive and difficult to do that it would maybe make sense if the market cap of CHA is 10 billion US, but then the developer can still change the data source when that happens

Show me a datastream that no single person can manipulate that offers relatively correct odds for sporting events? What I'm saying is that sites that offer gambling rely on mediating. A single person there can fuck with the API stream and place bets. That wouldn't be expensive..

What I'm trying to say is, no Yahoo employee will risk losing his job to win maybe 5000 USD on a bet (assuming 1% maximum bet at 500k USD market cap). This will become relevant if the market cap climbs, though.

[TwinWinNerD]

All these depend on the data from authoritative website such as Yahoo whatever the data wrong or right.Set up the rule,no one will complain even sometimes the data is wrong.

You might think that, but you can't make it 100% sure that those result streams from those websites can't be manipulated.

If these functonalities get implemented, where it isn't 100% tamper proof, I will sell all my CHA.

not 100% but 99%. Or to put it differently, it would be so expensive and difficult to do that it would maybe make sense if the market cap of CHA is 10 billion US, but then the developer can still change the data source when that happens

Show me a datastream that no single person can manipulate that offers relatively correct odds for sporting events? What I'm saying is that sites that offer gambling rely on mediating. A single person there can fuck with the API stream and place bets. That wouldn't be expensive..

What I'm trying to say is, no Yahoo employee will risk losing his job to win maybe 5000 USD on a bet (assuming 1% maximum bet at 500k USD market cap). This will become relevant if the market cap climbs, though.

1. Yahoo doesn't provide such a stream, gambling sites do. I don't trust those sites.
2. You can place multiple bets, can't you? If you place 10000 bets with ridiculous payoffs, then you can win millions of CHA. Do the math.

[mightname]

All these depend on the data from authoritative website such as Yahoo whatever the data wrong or right.Set up the rule,no one will complain even sometimes the data is wrong.

You might think that, but you can't make it 100% sure that those result streams from those websites can't be manipulated.

If these functonalities get implemented, where it isn't 100% tamper proof, I will sell all my CHA.

not 100% but 99%. Or to put it differently, it would be so expensive and difficult to do that it would maybe make sense if the market cap of CHA is 10 billion US, but then the developer can still change the data source when that happens

Show me a datastream that no single person can manipulate that offers relatively correct odds for sporting events? What I'm saying is that sites that offer gambling rely on mediating. A single person there can fuck with the API stream and place bets. That wouldn't be expensive..

What I'm trying to say is, no Yahoo employee will risk losing his job to win maybe 5000 USD on a bet (assuming 1% maximum bet at 500k USD market cap). This will become relevant if the market cap climbs, though.

Also, I think it's more important to attract more people to involve in CHA in this stage.

[coin_interest]

Hello,

I'm a crypto lurker but saw Chance Coin on Hacker News last week and out of curiosity I'm using it and would like to provide some feedback.

Unfortunately I'm experiencing a number of issues that I would like to share.
Where is the best place to report them? 
Not all of them are bugs that I can replicate consistently yet, or are user/useability issues.

I'm running the Java client on Win7 and OSX-Mavericks.

Examples of some of the issues.
- Decentralized Exchange, sometimes my bids do not show in the order book, possibly how I format my input values?
- Decentralized Exchange, long lag time for my orders to show sometimes, 10-15mins.
- Casino, if you refresh the page after placing a bet, it will place the bet again, it appears neither bet will officially go through but they sit on the book until they time out.
- Casino, huge wait times, I have a bet in Pending for 16+ hours now, other bets took approx 4 hours to process, is this normal, what is expected?
- Casino to Wallet when clicking on a Source Address in Casino, I have noticed the CHA balance is different between what the owner sees and what another user sees (in my case an increased amount).
- Wallet, it would be great to know what amount is in escrow
- Wallet, it would be great to see a transaction history for my CHA and BTC balance

Some help text would be useful in some areas on the site, examples on how to use a feature, expected input/output, wait times.
Notes on where fees would be applied to transactions.

In my Wallet, can I send my BTC out to another address? 
Looking at the UI it is suggesting it will send my CHA, and what address am I sending it to? A BTC address?


Thank you for taking the time to review these points and send me in the right direction.

[pos4me]

So who was using CHA first?
ChanceCoin? or CharityCoin?
 

[mightname]

So who was using CHA first?
ChanceCoin? or CharityCoin?
 

CHA=chancecoin

[pos4me]

So who was using CHA first?
ChanceCoin? or CharityCoin?
 

CHA=chancecoin

and
CHA=CharityCoin

The question is, who used it first?

[superresistant]

So who was using CHA first?
ChanceCoin? or CharityCoin?
 

CHA=chancecoin

and
CHA=CharityCoin
The question is, who used it first?

No it doesn't matter. There is no copyright on cryptocurrency name.
There is many cryptos with the same name. You only remember the most important one.
In this case, CHA=chancecoin.

[pos4me]

So who was using CHA first?
ChanceCoin? or CharityCoin?
 

CHA=chancecoin

and
CHA=CharityCoin
The question is, who used it first?

No it doesn't matter. There is no copyright on cryptocurrency name.
There is many cryptos with the same name. You only remember the most important one.
In this case, CHA=chancecoin.

I never asked if it mattered. I asked a simple question that has now been dodged by not one, but two people now. That alone tells me the answer. I am just a confused trader that was looking at ticker symbols thinking it was the same coin.

I am well aware that some tickers are not copyrighted (and if they were I am certain it would not be known bc the simple act of looking to see if the ticker wanted was already in use had already been overlooked), but what fool would try to use the ticker "btc" for example? or any that is already in use, for that matter. It just works against the coin if that ticker is listed on an exchange as a different coin before you show up with yours. I could come very close to copying your exact username on this forum, but that would be ignorant.

I thought one of the main points of cryptos was being frictionless?

[newNEM]

So who was using CHA first?
ChanceCoin? or CharityCoin?
 

CHA=chancecoin

and
CHA=CharityCoin
The question is, who used it first?

No it doesn't matter. There is no copyright on cryptocurrency name.
There is many cryptos with the same name. You only remember the most important one.
In this case, CHA=chancecoin.

I think we just use CHA should be fine as it's the name that I have heard for Chancecoin long time ago.

[Spratan]

Chancecoin = N°2 on cryptorating (Ranking Of Second Generation Crypto Coins)

http://cryptorating.org/

[yoyo2]

Chancecoin = N°2 on cryptorating (Ranking Of Second Generation Crypto Coins)

http://cryptorating.org/

it will go to moon

[JakeThePanda]

Why is CHA frozen on Poloniex?

[7585145]

Why is CHA frozen on Poloniex?

Blockchain issue