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

[peled1986]

The 2 biggest problems i see with user (gambler) growth of Chancecoin are still:

(1) slow speed of bets - Bets are usually resolved in 2 blocks. - are the Devs working for a solution to this?
(2) amount of bets a gambler can do per block - are the Devs working for a solution to this? (can be solved like in counterwallet)

does anyone have a solution for point number 1?

[superresistant]

(1) slow speed of bets - Bets are usually resolved in 2 blocks. - are the Devs working for a solution to this?
does anyone have a solution for point number 1?

What are all the parameters that affect the speed of bets ?

[peled1986]

(1) slow speed of bets - Bets are usually resolved in 2 blocks. - are the Devs working for a solution to this?
does anyone have a solution for point number 1?

What are all the parameters that affect the speed of bets ?

Randomness
"Chancecoin uses New York Lottery Quick Draw numbers to resolve bets. Quick Draw numbers are drawn every four minutes, every day of the week (with the exception of 3:25am to 4:00am EST daily). The numbers are published online shortly after they are drawn. The drawing selects 20 numbers randomly from a pool of numbers 1 through 80, without replacement. A bet seen in the blockchain will be resolved with the next available set of Quick Draw numbers. Since Chancecoin uses the next available set of Quick Draw numbers after a block has been mined to resolve any bets in the block, it is impossible for Bitcoin miners or anyone else to control the outcomes of bets." (link: http://chancecoin.com/technical)

parameters :
1. New York Lottery Quick Draw numbers
2. btc blockchain

(p.s: I am not tecky)

[SyRenity]

I've been intensively following and participating in Nxt at the beginning.
It is now the 3rd most successful crypto in the world and should reach 2nd place soon.
...
I am not saying that we need this kind of organisation right now but we definitely need to aim for it in a near future.
We should start with talking right here and discuss ideas. When we start to disagree, we should put things on vote on separate threads.

Awesome post man, I truly agree.

[Spratan]

I've been intensively following and participating in Nxt at the beginning.
It is now the 3rd most successful crypto in the world and should reach 2nd place soon.

The reason why it is successful is its organisation.
The day the crypto was launched, its creator disappeared and left everything in the hands of the early adopters.
At this time, anyone would say the crypto was doomed but the early adopters seen this as an opportunity and seized it.
It started really simply with discussing on the main thread and making proposals.
As it got bigger, people started to create separate thread with questions and voting.
Then the community organized itself by creating funds and committee.
The idea was that there is no creator, no boss so only the very motivated and very competent people should take decision in particular field.
The community had to elect members of committee based on their reputation and statement.
Funds where used to pay members of different committee and to raise bounty for special missions like finding bug and flaw.
No one would take decision in a field that he is not specialized but everyone had to express his opinion.

Nxt has now a separated forum. Have a look at the committees section, there is 3 kinds of committee :
Marketing-committee
Infrastructure-committee
Technical-development

The strength of this organisation is that anyone can be replaced. Some members of committee have left of died ? Doesn't matter : replace them and keep going on !
This is how you make an unstoppable crypto.

--

I am not saying that we need this kind of organisation right now but we definitely need to aim for it in a near future.
We should start with talking right here and discuss ideas. When we start to disagree, we should put things on vote on separate threads.

Just have to add they were very few early investors in Nxt (73), so it was easier to organize than if they were 1000.
I send more than a month ago an email to dev, saying almost what you said compared to NXT :

"Hi dev,

Are you planning to make a investor group with the top first burners or top adresses ?

It is very important in order to make Chancecoin successful, very valuable and bankable :
- It will prevent pumps and dumps, and will let people to find a consensus and hold.
- Being in the TOP 10 coins is the best marketing tool for the casino. Chancecoin is a business, not only a coin, so it is not about speculation but success as the first decentralized casino.

That's what Mastercoin and Nxt made (+2000 % for the 73 Nxt investors) and they are still in the TOP 10.

(...)

CHA have the opportunity to have a few burners with large balances, and some burners are even hero members. It is easy to group most of investors and shareholders.

What do you think about this ?

Congrats for your great work."

[peled1986]

- Being in the TOP 10 coins is the best marketing tool for the casino. Chancecoin is a business, not only a coin, so it is not about speculation but success as the first decentralized casino.

I agree but I don't support market manipulation.
The hard way might take longer but it will be much more rewarding when we get there.

This makes sense but we want to be completely ethical and let the natural market forces determine where the price equilibrium should be. People who placed offers to sell at low prices do so because they want to make a quick profit. To us this price level actually makes a good opportunity for us to buy another few thousand CHA's. We are planning to add more betting types in the upcoming months, and we believe that we are well-positioned to be the #1 coin in the bitcoin gambling space.

[superresistant]

- Being in the TOP 10 coins is the best marketing tool for the casino. Chancecoin is a business, not only a coin, so it is not about speculation but success as the first decentralized casino.

I agree but I don't support market manipulation.
The hard way might take longer but it will be much more rewarding when we get there.

This makes sense but we want to be completely ethical and let the natural market forces determine where the price equilibrium should be. People who placed offers to sell at low prices do so because they want to make a quick profit. To us this price level actually makes a good opportunity for us to buy another few thousand CHA's. We are planning to add more betting types in the upcoming months, and we believe that we are well-positioned to be the #1 coin in the bitcoin gambling space.

I have to add that Chancecoin doesn't need any market manipulation to increase in value compared to most of altcoins because the quantity of CHA is decreasing with time.
The minimum Chancecoin must do is to keep the same base users (players) and investors.

Of course we'll do more than the minimum


EDIT :

(1) slow speed of bets - Bets are usually resolved in 2 blocks. - are the Devs working for a solution to this?
does anyone have a solution for point number 1?

What are all the parameters that affect the speed of bets ?

Randomness
"Chancecoin uses New York Lottery Quick Draw numbers to resolve bets. Quick Draw numbers are drawn every four minutes, every day of the week (with the exception of 3:25am to 4:00am EST daily). The numbers are published online shortly after they are drawn. The drawing selects 20 numbers randomly from a pool of numbers 1 through 80, without replacement. A bet seen in the blockchain will be resolved with the next available set of Quick Draw numbers. Since Chancecoin uses the next available set of Quick Draw numbers after a block has been mined to resolve any bets in the block, it is impossible for Bitcoin miners or anyone else to control the outcomes of bets." (link: http://chancecoin.com/technical)
parameters :
1. New York Lottery Quick Draw numbers
2. btc blockchain
(p.s: I am not tecky)

Right. Unless I'm wrong, we cannot do much about the BTC blockchain.
For the NY Lottery Quick Draw numbers, we can use an other lottery that drawn numbers faster that every four minutes.

[peled1986]

Right. Unless I'm wrong, we cannot do much about the BTC blockchain.
For the NY Lottery Quick Draw numbers, we can use an other lottery that drawn numbers faster that every four minutes.

I am not a programmer but from a logical point: can't we get unconfirmed bets which are in bulks being implemented in the blockchain (saving a. fees and b. speeding up the game? - maybe a kind of a semi-decentralized solution?

Good idea. I wonder if it is possible.

I wonder what the Devs think about unconfirmed bets / a semi-decentralized solution?
does anyone know other lottery that drawn numbers faster that every four minutes?

[Vendettacoin]

great to hear from you.

[Spratan]

- Being in the TOP 10 coins is the best marketing tool for the casino. Chancecoin is a business, not only a coin, so it is not about speculation but success as the first decentralized casino.

I agree but I don't support market manipulation.
The hard way might take longer but it will be much more rewarding when we get there.

This makes sense but we want to be completely ethical and let the natural market forces determine where the price equilibrium should be. People who placed offers to sell at low prices do so because they want to make a quick profit. To us this price level actually makes a good opportunity for us to buy another few thousand CHA's. We are planning to add more betting types in the upcoming months, and we believe that we are well-positioned to be the #1 coin in the bitcoin gambling space.

Ok I understand.

Perhaps we can add that the slight difference is we are shareholders of this casino / poker games.
It is not manipulation when main shareholders in companies meet, discuss, promote, share news and tend to make their companies successful with a form of organisation.

[yoyo2]

maybe dev will solve these problems。

[mightname]

Chancecoiners,

I'm very happy to see the active discussion about marketing and promotion.

I just want everyone to know that CHA is not dead and CHA will not die. Venetian and I are both very invested in the coin. My address is 1EyHoCsDucQzWghwnMkeDHpn195EMkezFY and Venetian's is 1JAKTkPAuzbi3m9LopdiPCdviexqXiLFGA. We own 15.1k and 13.4k CHA respectively, and we will not be selling on an exchange any time soon. We both believe CHA is worth at least $10M USD in total market capitalization, and we would hesitate to sell any CHA even at that valuation. In fact, in a few years, I think we'll all be laughing that I at one point suggested a valuation so small.

We created Chancecoin for a number of reasons. One of those reasons is that we want to make money on it. But the biggest reason we created Chancecoin is that we believe a fully decentralized casino is something that just ought to exist. We are invested in the coin and the idea, and we will do whatever it takes to make sure Chancecoin is the coin we're all happily gambling with on the moon in twenty years time, when cryptocurrency has completely replaced fiat.

Venetian and I have been working on new single-player casino games that we hope to have ready soon. Here's a screenshot of the poker game we're working on:



In order to get it work, we've had to make some protocol-level changes that will make it easier to add more games in the future. In terms of a priority list for future development, we're currently looking at:

• Single-player casino games (poker, blackjack, roulette, color wheel, etc.) -- this is what we're currently working on.
• Sports betting -- we're also watching the development of Countersports as we eye this market.
• Stock price betting

Note that for sports betting and stock price betting, there is some question about how we would implement it, how decentralized it would be, etc., but let's save those discussions for the future.

It's true we've been doing more developing than marketing lately. I think the development work and innovation is very important, but it's also important for us to start marketing and promoting now. We do have some ideas of our own, but we also readily admit that we might not be the best people when it comes to marketing skill. We would love for the community to step up here. Whether that means we all chip in and hire someone, or we all chip in with our own skillsets, let's get it done.

Venetian and I are pledging 250 CHA to get the ball rolling. Our plan is to release the single-player casino games in the coming weeks, and then launch a promotion to get people gambling more. We strongly believe that if there is genuine gambling action happening on Chancecoin, then the value of the coin will increase. The promotion will probably be: 250 CHA to the biggest winner for the month of July.

Here's what I see as our community todo list for marketing and promotion:

• Social media -- Front page of Bitcoin sub-reddit, Hacker News
• Get on exchanges -- Poloniex, Bter, etc.
• Get on Coinmarketcap
• Get on blogs and Internet publications -- CoinDesk, TechCrunch, etc.
• Get in major newspapers -- let's aim for the New York Times, which should be doable if we spin it right
• Promotions to encourage gambling
• Bitcointalk signature campaign
• Faucet

What do you all think? Let's make this happen as a community.

Magician

Great work! Community should take action now!

[TwinWinNerD]

WTB 5000 CHA. PM me offers!

[peled1986]

I trust TwinWinNerD for this position (he is all ready a treasurer for qora and nxt)
what do you guys think?
@TwinWinNerD would you accept this role?

TwinWinNerD please respond - it is important we start collecting cha for bounties.

[TwinWinNerD]

I trust TwinWinNerD for this position (he is all ready a treasurer for qora and nxt)
what do you guys think?
@TwinWinNerD would you accept this role?

TwinWinNerD please respond - it is important we start collecting cha for bounties.

Yes I can do that. I can post an address signed with my main address.

But I want to cold store the address, so I need a way to check the balance without importing the key. How does that work?

[TwinWinNerD]

WTB 5000-15000 CHA. PM me offers!

I hope I can get this order filled before the price rises. I will spend a lot of time promoting CHA if I can accumulate a big stack. So if you hold many CHA you might consider selling me some, so that I promote CHA and help increase the price for ALL your coins

[studyjava]

WTB 5000-15000 CHA. PM me offers!

I hope I can get this order filled before the price rises. I will spend a lot of time promoting CHA if I can accumulate a big stack. So if you hold many CHA you might consider selling me some, so that I promote CHA and help increase the price for ALL your coins

I only have 1000 CHA, what is your price for a CHA?

[TwinWinNerD]

WTB 5000-15000 CHA. PM me offers!

I hope I can get this order filled before the price rises. I will spend a lot of time promoting CHA if I can accumulate a big stack. So if you hold many CHA you might consider selling me some, so that I promote CHA and help increase the price for ALL your coins

I only have 1000 CHA, what is your price for a CHA?

0.00075 but I have most I need already.

If you only have 1000, then hold them for a long time! You will profit handsomely.

[BitzMD]

Great momentum Devs, just like most in the community, I'm thrilled to see the kind of progress being made. The added games will make this a killer project for sure. Above all , we need to start promoting.


I will pledge 100 chance coin to promotion and i hope others can do the same.

Just tell me what address to send it to.

[TwinWinNerD]

Great momentum Devs, just like most in the community, I'm thrilled to see the kind of progress being made. The added games will make this a killer project for sure. Above all , we need to start promoting.


I will pledge 100 chance coin to promotion and i hope others can do the same.

Just tell me what address to send it to.

I will create a nice vanity address for CHA and post it here signed by my main address.

The next few weeks I will take some time to promote this coin and I hope some of you will help me!