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

[vlight]

How to make a backup of the wallet, export private key and etc.

Also, how to protect the wallet with the password 

[1714972763]

1714972763

[TwinWinNerD]

How to make a backup of the wallet, export private key and etc.

Also, how to protect the wallet with the password 

You can go to the folder of your chancecoin datas and go to /resources/db there you find "wallet" that you can back up.

I don't know how to export the private keys also I think currently no password protection is possible, but that would be a cool feature!

[miguodong]

hello Devs,
I am an early IPO investor who burned CHA through BTC. However, my CHA wallet is just able to be synced today. And now, I want to get back my CHA. Can you tell me how to get it?

Try importing the private key into the Chancecoin wallet.

Hi Coindacioius,
I have the same issue as yidian. How do I get the private key from bitcoin wallet? Could you give me some hints?

Thank you

Which bitcoin wallet are you using?

For Multibit: https://multibit.org/help_exportingPrivateKeys.html
For Bitcoin-QT: http://jaeger.airkayu.com/home/howdoiexportmyprivatekeysfrommybitcoin-qtclient

Thanks Venetian.
I use the Bitcoin-QT and exported private key successfully and I tried to import private key through CHA wallet successfully, but there is nothing happened, no address no CHA as well. I noticed that the private key should be WIF format.
Do you know how do I get the WIF format?

Hi Devs,
My IPO Coins is still not able to received. Could someone please answer above question?

[TwinWinNerD]

hello Devs,
I am an early IPO investor who burned CHA through BTC. However, my CHA wallet is just able to be synced today. And now, I want to get back my CHA. Can you tell me how to get it?

Try importing the private key into the Chancecoin wallet.

Hi Coindacioius,
I have the same issue as yidian. How do I get the private key from bitcoin wallet? Could you give me some hints?

Thank you

Which bitcoin wallet are you using?

For Multibit: https://multibit.org/help_exportingPrivateKeys.html
For Bitcoin-QT: http://jaeger.airkayu.com/home/howdoiexportmyprivatekeysfrommybitcoin-qtclient

Thanks Venetian.
I use the Bitcoin-QT and exported private key successfully and I tried to import private key through CHA wallet successfully, but there is nothing happened, no address no CHA as well. I noticed that the private key should be WIF format.
Do you know how do I get the WIF format?

Hi Devs,
My IPO Coins is still not able to received. Could someone please answer above question?

Does the exported private key look like: 5xxxxx ?

If not, you can go to https://www.bitaddress.org/ and click on "wallet details" and it will show you all types of your private keys after you enter them. Choose uncompressed WIF there. (You can download the site and run it offline, if you are paranoid!)

[magician]

I have a few suggestions/requests if you don't mind:

- Speed of processing the bet. It seems the "processing bet.." text is here for 10-30 seconds, I am sure this could be improved?

- Could we implement a "Input"-Splitting? Like an option, where you can decide if you want the client to split the inputs up into 0.005 parts or something like that. because if you only have one big input in your address, you can only make 1 bet every 2 blocks, little frustrating. Or maybe if you bet, the input used is split in 2-3 inputs if it is the only input available.

- resolution of the card faces, they look really screwd up. Maybe be can increase the quality a bit?

 - This is definitely something we'll look into more.
 - Good idea. I'd say this is definitely on the upcoming list.
 - They're a little bit shrunk down, but we can definitely increase the size to make them more readable.

For the cards:
A design like this makes it much better to read if you need to smaller:

Do you have that whole set of images? If so, I'd love to replace the current images with those ones.

Magician

[TwinWinNerD]

I have a few suggestions/requests if you don't mind:

- Speed of processing the bet. It seems the "processing bet.." text is here for 10-30 seconds, I am sure this could be improved?

- Could we implement a "Input"-Splitting? Like an option, where you can decide if you want the client to split the inputs up into 0.005 parts or something like that. because if you only have one big input in your address, you can only make 1 bet every 2 blocks, little frustrating. Or maybe if you bet, the input used is split in 2-3 inputs if it is the only input available.

- resolution of the card faces, they look really screwd up. Maybe be can increase the quality a bit?

 - This is definitely something we'll look into more.
 - Good idea. I'd say this is definitely on the upcoming list.
 - They're a little bit shrunk down, but we can definitely increase the size to make them more readable.

For the cards:
A design like this makes it much better to read if you need to smaller:

Do you have that whole set of images? If so, I'd love to replace the current images with those ones.

Magician

Best I found:

2 color https://i.imgur.com/IhlUza3.png
4 color https://i.imgur.com/nmvMDqs.png

(4 color is used by poker players to see the "flush-posibilities" better and faster, might be nice to implement this, but 2 color looks more casino-ish)

[newpeled1986]

- Could we implement a "Input"-Splitting? Like an option, where you can decide if you want the client to split the inputs up into 0.005 parts or something like that. because if you only have one big input in your address, you can only make 1 bet every 2 blocks, little frustrating. Or maybe if you bet, the input used is split in 2-3 inputs if it is the only input available.

- Good idea. I'd say this is definitely on the upcoming list.

This is very important. I know that counterwallet has this function.
its worth to look at their source code.

[jshow5555]

I searched the site and the opening post no info there, so
 is there a blockexplorer for this coin (or maybe addresses on BTC???) to check to see what is the actual volume on this platform?

[whatthefugg]

why  this frozen on poloniex?

[JahPowerBit]

- Could we implement a "Input"-Splitting? Like an option, where you can decide if you want the client to split the inputs up into 0.005 parts or something like that. because if you only have one big input in your address, you can only make 1 bet every 2 blocks, little frustrating. Or maybe if you bet, the input used is split in 2-3 inputs if it is the only input available.

- Good idea. I'd say this is definitely on the upcoming list.

This is very important. I know that counterwallet has this function.
its worth to look at their source code.

We removed this feature (called 'priming'), instead we are chaining transactions: you can actually use the unconfirmed change to make a new transaction.

[magician]

We've reached out to Busoni with an upgrade to the Chancecoin server. I suspect he is upgrading, but we're waiting to hear back. In the meantime, get your BTC ready to buy Chancecoin. 

Magician

[TwinWinNerD]

- Could we implement a "Input"-Splitting? Like an option, where you can decide if you want the client to split the inputs up into 0.005 parts or something like that. because if you only have one big input in your address, you can only make 1 bet every 2 blocks, little frustrating. Or maybe if you bet, the input used is split in 2-3 inputs if it is the only input available.

- Good idea. I'd say this is definitely on the upcoming list.

This is very important. I know that counterwallet has this function.
its worth to look at their source code.

We removed this feature (called 'priming'), instead we are chaining transactions: you can actually use the unconfirmed change to make a new transaction.

@magician. This sounds like a very good idea, might this be also possible with CHA. If this works, that would be extremely elegant tbh!

[Spratan]

Can we see the bets total volume somewhere ?

[magician]

Can we see the bets total volume somewhere ?

Yes of course! http://chancecoin.com/casino#house_stats

[newpeled1986]

- Speed of processing the bet. It seems the "processing bet.." text is here for 10-30 seconds, I am sure this could be improved?

agree that this should be improved.

I am getting a lot of: "Transaction timed out. Please try again." - is it because I don't have another Input available?
will you implement "chaining transactions"?

@Devs I still think that bets are confirmed too slow.
Please consider moving to a faster blockchain like doge/nxt.
to wait 10 min for the bet to be confirmed is a lot less fun than primedice instant betting.

[goodwoman]

I like gambling

[EEEWWWWW]

wait for  the  price  up~

[newpeled1986]

https://i.imgur.com/6FE0pDS.png
Please help me Up-vote chancecoin!

The Devs are Awesome and doing their part to make chancecoin better we (the community) have to help with the marketing.

[magician]

- Speed of processing the bet. It seems the "processing bet.." text is here for 10-30 seconds, I am sure this could be improved?

agree that this should be improved.

I am getting a lot of: "Transaction timed out. Please try again." - is it because I don't have another Input available?
will you implement "chaining transactions"?

@Devs I still think that bets are confirmed too slow.
Please consider moving to a faster blockchain like doge/nxt.
to wait 10 min for the bet to be confirmed is a lot less fun than primedice instant betting.

The next version has a fix so transactions will go through pretty much instantly. We'll work on transaction chaining as well. Alternative faster blockchains are still on the table.

[magician]

One thing Venetian and I have been seriously considering is reducing the house edge for a period of time. Specifically, we'd like to reduce it from 1% to -2% or -1%. This would mean that gambling with CHA would be +EV (positive expectation). This should encourage more gambling and be a way to grab attention in the news. If we set house edge to -2% and people wager 500,000 CHA for an expected house loss of 10,000 CHA, I'd call that a huge win for Chancecoin. The theoretical price should decrease by about 2%, but the price should really skyrocket after that kind of gambling volume.

Another feature we're planning to implement is betting in the Chancecoin casino with BTC. With the recent shutdown of the centralized dice betting behemoth Just-Dice, this is an opportunity for us to step in and take a big piece of the action. We're still working out the exact details, but essentially, it will look like this: when betting, a user will have the choice of betting with BTC or betting with CHA. If the gambler bets with CHA, everything works like it does now. If the gambler bets with BTC, the BTC is converted into CHA, the result is determined, and then the gambler will either keep the CHA or automatically convert the CHA back into BTC. In order for this to work, we have to have a tight decentralized CHA/BTC order book.

We've decided to create a separate "casino liquidity" order book, where all quotes will be two-sided, BTC and CHA will be escrowed in advance, and quotes will have to be less than a certain maximum width. For example, I could quote 1,000 CHA and 1 BTC at a price of 0.001 and a width of 5%, so I'm essentially willing to buy 1 BTC of CHA at 0.000975 or sell 1,000 CHA of BTC at 0.001025. The quote is two-sided, so I'm committed to potentially getting filled on either side. The 1,000 CHA and 1 BTC are held in an escrow address. The "casino liquidity" order book is only there for casino-related transactions. Someone may bet BTC and have it converted into CHA using my quote. If the same gambler wants his CHA automatically converted back into BTC, he may get BTC back from me after his bet is resolved. The quote width essentially becomes a kind of house edge. The escrow addresses where quoted CHA and BTC are stored could be run by multiple trustworthy members of the community, and would be operated by the Chancecoin wallet itself. One question is, would people be willing to provide much liquidity to such a decentralized order book.

Your thoughts are appreciated.

Ever innovating,
Magician