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

[vertak]

Description

http://chancecoin.com/static/images/logo.png

Chancecoin (CHA) is a protocol, coin, and client used to bet on dice rolls and other games in a decentralized casino. Owners of the coin may gamble, with randomness provided by published NY Lottery Quick Draw numbers. Owners of the coin are automatically invested in the house bankroll. The protocol is built on top of the Bitcoin blockchain. Coins were created by burning Bitcoins during a proof of burn period.

Burn information

Maximum coins burned: 1,000,000
Burn period: Bitcoin blocks 291860 to 298340
Coins burned in first block: 1,500 CHA per 1 BTC
Coins burned in last block: 1,000 CHA per 1 BTC (coins per block scaled linearly in between these blocks)
BTC burn address: THE BURN PERIOD IS OVER
Maximum coins burned per address: unlimited

Casino information

House edge: 1.0%
Maximum win: 1.0% of bankroll

Wallet software

OS X binary
Windows binary
Install from source on GitHub

Installation instructions

See http://chancecoin.com/participate

Resources

Home page
Download Chancecoin software -- including decentralized casino, decentralized exchange, and wallet
Technical details
Subreddit

How do I buy CHA?

Download the Chancecoin software and place an order using the decentralized exchange. Or buy CHA on the official centralized exchange, Poloniex.

How do I gamble?

You can gamble using the decentralized casino in the Chancecoin software. Open Chancecoin and click on "Casino." Choose the amount of CHA you want to bet, and the desired payout or odds of winning (one will determine the other). Then click "Roll."

How do I bankroll the house?

By owning CHA, you are automatically bankrolling the house. On average, you can expect to earn the house edge of 1.0% per bet.

Donations

Donations to 1CHANCeWHSRAfvfi4rwo8v6NEY64RfZYqB are welcome.

Developers

Magician and Venetian

I've read in the technical section of Chancecoin's site how payouts are handled. But I would appreciate a more in-depth technical explanation of the following topics. How is Chancecoin at all protected from an individual altering their client to award themselves extra Chancecoin? What is the method of consensus between peers to determine the proper random numbers to use? When a gambler loses how is the CHA verifiably destroyed, and when a gambler wins where does the b*(p*(1-e)-1)*c/(c-b*p*(1-e)) CHA come from? Has anyone read through and verified that the source code was secure? No where in this thread have I seen proper replies to these questions.

[TwinWinNerD]

I've read in the technical section of Chancecoin's site how payouts are handled. But I would appreciate a more in-depth technical explanation of the following topics. How is Chancecoin at all protected from an individual altering their client to award themselves extra Chancecoin? What is the method of consensus between peers to determine the proper random numbers to use? When a gambler loses how is the CHA verifiably destroyed, and when a gambler wins where does the b*(p*(1-e)-1)*c/(c-b*p*(1-e)) CHA come from? Has anyone read through and verified that the source code was secure? No where in this thread have I seen proper replies to these questions.

I am not sure where, but notsoshifty made an analysis in the beginning of CHA (python client)

Also, everyone could create an altering client, but if all other clients reject his transactions, he is essentially on a fork and his "balance in his client" will be different from his real CHA balance.

[magician]

I've read in the technical section of Chancecoin's site how payouts are handled. But I would appreciate a more in-depth technical explanation of the following topics. How is Chancecoin at all protected from an individual altering their client to award themselves extra Chancecoin? What is the method of consensus between peers to determine the proper random numbers to use? When a gambler loses how is the CHA verifiably destroyed, and when a gambler wins where does the b*(p*(1-e)-1)*c/(c-b*p*(1-e)) CHA come from? Has anyone read through and verified that the source code was secure? No where in this thread have I seen proper replies to these questions.

I am not sure where, but notsoshifty made an analysis in the beginning of CHA (python client)

Also, everyone could create an altering client, but if all other clients reject his transactions, he is essentially on a fork and his "balance in his client" will be different from his real CHA balance.

This is the correct answer.

[overthetop2011]

We should do something to attract more ppl to play cha.

[newpeled1986]

one suggestion :
I think it is needless to display the probability of a win in the Poker game.
It will reduce the fun of the game by showing the probability number .
How do you think?

I Agree.
Displaying the probability of win makes the poker game same as the dice game.

p.s: @Devs bets get confirmed and resolved very fast. Gambling is finally a lot of fun!
Is it possible to make another bet before the first bet gets resolved?

are you thinking about doing a webwallet like counterwallet so people wont have to download and sync the blockchain? - I think this would help adoption of chancecoin very much.

How long will it take to make bitcoin gambling implemented ?

@TwinWinNerD I sent 1000 CHA to the donation address as a big thanks to the devs for their hard work and commitment to the success of chancecoin - I trust you will use them wisely  

[budong]

beting fee is very expensive

[newpeled1986]

Devs
1. bets to be confirmed and resolved as fast as possible. - done
2. reduce the output value from 0.0001086 BTC to 0.0000780 BTC - done
3. Transaction chaining  - done
4. host live services on chancecoin.com (block explorer, faucet, etc.). - status?
5. Single-player casino games (poker, blackjack, roulette, color wheel, etc.) - status?
6. bitcoin gambling implemented - status?
7. webwallet - is this an option?


Marketing Team - TwinWinNerD, superresistant and anyone else that cares:
1. bter have a voting list now : https://bter.com/voting - ask bter to add chancecoin to voting list. - we are number 19! keep voting!
2. Get on blogs and Internet publications -- CoinDesk, TechCrunch, etc. (market Chancecoin from this angle: http://newsbtc.com/2014/06/23/just-dice-doge-dice-get-betting-depositing-disabled/ - decentralized betting....cant be closed. Competitors just vanished !) - TwinWinNerD any progress?
3. Get in major newspapers - TwinWinNerD any progress?
4. Bitcointalk signature campaign - TwinWinNerD any progress?
5. Faucet
6. Promotions to encourage gambling - TwinWinNerD any progress?
7. chancecoin twitter https://twitter.com/chancecoin - (@devs, I would like to take the role to update chancecoin twitter about major development and work to add more followers).
8. upvote chancecoin on reddit http://www.reddit.com/r/chancecoin
9. send CHA to the donation address: 1CHANCeWHSRAfvfi4rwo8v6NEY64RfZYqB - we have 1,490.44 CHA in there, TwinWinNerD any plans how to use that money?

@chancecoin community the devs are doing an Awesome work on their side we have to help more with the voting, marketing, donation and of course betting! - join the high rollers action if you are willing to take the risk  

[TwinWinNerD]

@peled.

Until now we haven't used any of the funds.

I am constantly voting on bter and now that I trade there again, I am using the points to vote soon too.

Will soon return from holiday ( haha I know constantly on vacation ) then I can get some work done!

[newpeled1986]

Will soon return from holiday ( haha I know constantly on vacation ) then I can get some work done!

sounds good! we are all waiting for your return, your role is very important to chancecoin success.

[magician]

Devs
1. bets to be confirmed and resolved as fast as possible. - done
2. reduce the output value from 0.0001086 BTC to 0.0000780 BTC - done
3. Transaction chaining  - done
4. host live services on chancecoin.com (block explorer, faucet, etc.). - status?
5. Single-player casino games (poker, blackjack, roulette, color wheel, etc.) - status?
6. bitcoin gambling implemented - status?
7. webwallet - is this an option?


Marketing Team - TwinWinNerD, superresistant and anyone else that cares:
1. bter have a voting list now : https://bter.com/voting - ask bter to add chancecoin to voting list. - we are number 19! keep voting!
2. Get on blogs and Internet publications -- CoinDesk, TechCrunch, etc. (market Chancecoin from this angle: http://newsbtc.com/2014/06/23/just-dice-doge-dice-get-betting-depositing-disabled/ - decentralized betting....cant be closed. Competitors just vanished !) - TwinWinNerD any progress?
3. Get in major newspapers - TwinWinNerD any progress?
4. Bitcointalk signature campaign - TwinWinNerD any progress?
5. Faucet
6. Promotions to encourage gambling - TwinWinNerD any progress?
7. chancecoin twitter https://twitter.com/chancecoin - (@devs, I would like to take the role to update chancecoin twitter about major development and work to add more followers).
8. upvote chancecoin on reddit http://www.reddit.com/r/chancecoin
9. send CHA to the donation address: 1CHANCeWHSRAfvfi4rwo8v6NEY64RfZYqB - we have 1,490.44 CHA in there, TwinWinNerD any plans how to use that money?

@chancecoin community the devs are doing an Awesome work on their side we have to help more with the voting, marketing, donation and of course betting! - join the high rollers action if you are willing to take the risk  

Excellent work, peled. I sent you a PM with Twitter credentials this morning.

And TwinWinNerD: can't wait for you to return with a bang!

Here's how we've prioritized things from the Dev side:

Working on now:
 - BTC betting
 - Even lower fees
 - Even faster bet resolution
 - Expecting rollout of some or all of these features within a week, plus or minus a few days.

Working on next:
 - Faucet on Chancecoin.com
 - More single player games

To be determined:
 - Web wallet. We can't directly host a Web wallet for legal reasons, but we might be able to finagle some kind of decentralized solution.

Magician

[newpeled1986]

Excellent work, peled. I sent you a PM with Twitter credentials this morning.
And TwinWinNerD: can't wait for you to return with a bang!

Here's how we've prioritized things from the Dev side:

Working on now:
 - BTC betting
 - Even lower fees
 - Even faster bet resolution
 - Expecting rollout of some or all of these features within a week, plus or minus a few days.

Working on next:
 - Faucet on Chancecoin.com
 - More single player games

To be determined:
 - Web wallet. We can't directly host a Web wallet for legal reasons, but we might be able to finagle some kind of decentralized solution.

Magician

Sounds like a very solid plan  
I agree to the way you prioritized the tasks.
- even faster bet resolution and lower fees - amazing!
- btc betting within a week - WOW! (If you need a CHA fund let me know, I can help)

decentralized webwallet sounds very interesting - intrigued to hear more once we reach the relevant time.

[overthetop2011]

Nice work ,guys.

 

[pigheadbig]

Devs
1. bets to be confirmed and resolved as fast as possible. - done
2. reduce the output value from 0.0001086 BTC to 0.0000780 BTC - done
3. Transaction chaining  - done
4. host live services on chancecoin.com (block explorer, faucet, etc.). - status?
5. Single-player casino games (poker, blackjack, roulette, color wheel, etc.) - status?
6. bitcoin gambling implemented - status?
7. webwallet - is this an option?


Marketing Team - TwinWinNerD, superresistant and anyone else that cares:
1. bter have a voting list now : https://bter.com/voting - ask bter to add chancecoin to voting list. - we are number 19! keep voting!
2. Get on blogs and Internet publications -- CoinDesk, TechCrunch, etc. (market Chancecoin from this angle: http://newsbtc.com/2014/06/23/just-dice-doge-dice-get-betting-depositing-disabled/ - decentralized betting....cant be closed. Competitors just vanished !) - TwinWinNerD any progress?
3. Get in major newspapers - TwinWinNerD any progress?
4. Bitcointalk signature campaign - TwinWinNerD any progress?
5. Faucet
6. Promotions to encourage gambling - TwinWinNerD any progress?
7. chancecoin twitter https://twitter.com/chancecoin - (@devs, I would like to take the role to update chancecoin twitter about major development and work to add more followers).
8. upvote chancecoin on reddit http://www.reddit.com/r/chancecoin
9. send CHA to the donation address: 1CHANCeWHSRAfvfi4rwo8v6NEY64RfZYqB - we have 1,490.44 CHA in there, TwinWinNerD any plans how to use that money?

@chancecoin community the devs are doing an Awesome work on their side we have to help more with the voting, marketing, donation and of course betting! - join the high rollers action if you are willing to take the risk  

Excellent work, peled. I sent you a PM with Twitter credentials this morning.

And TwinWinNerD: can't wait for you to return with a bang!

Here's how we've prioritized things from the Dev side:

Working on now:
 - BTC betting
 - Even lower fees
 - Even faster bet resolution
 - Expecting rollout of some or all of these features within a week, plus or minus a few days.

Working on next:
 - Faucet on Chancecoin.com
 - More single player games

To be determined:
 - Web wallet. We can't directly host a Web wallet for legal reasons, but we might be able to finagle some kind of decentralized solution.

Magician

awesome work,dude,
more smooth function,the better.

[sunnyW78]

Devs
1. bets to be confirmed and resolved as fast as possible. - done
2. reduce the output value from 0.0001086 BTC to 0.0000780 BTC - done
3. Transaction chaining  - done
4. host live services on chancecoin.com (block explorer, faucet, etc.). - status?
5. Single-player casino games (poker, blackjack, roulette, color wheel, etc.) - status?
6. bitcoin gambling implemented - status?
7. webwallet - is this an option?


Marketing Team - TwinWinNerD, superresistant and anyone else that cares:
1. bter have a voting list now : https://bter.com/voting - ask bter to add chancecoin to voting list. - we are number 19! keep voting!
2. Get on blogs and Internet publications -- CoinDesk, TechCrunch, etc. (market Chancecoin from this angle: http://newsbtc.com/2014/06/23/just-dice-doge-dice-get-betting-depositing-disabled/ - decentralized betting....cant be closed. Competitors just vanished !) - TwinWinNerD any progress?
3. Get in major newspapers - TwinWinNerD any progress?
4. Bitcointalk signature campaign - TwinWinNerD any progress?
5. Faucet
6. Promotions to encourage gambling - TwinWinNerD any progress?
7. chancecoin twitter https://twitter.com/chancecoin - (@devs, I would like to take the role to update chancecoin twitter about major development and work to add more followers).
8. upvote chancecoin on reddit http://www.reddit.com/r/chancecoin
9. send CHA to the donation address: 1CHANCeWHSRAfvfi4rwo8v6NEY64RfZYqB - we have 1,490.44 CHA in there, TwinWinNerD any plans how to use that money?

@chancecoin community the devs are doing an Awesome work on their side we have to help more with the voting, marketing, donation and of course betting! - join the high rollers action if you are willing to take the risk  

Excellent work, peled. I sent you a PM with Twitter credentials this morning.

And TwinWinNerD: can't wait for you to return with a bang!

Here's how we've prioritized things from the Dev side:

Working on now:
 - BTC betting
 - Even lower fees
 - Even faster bet resolution
 - Expecting rollout of some or all of these features within a week, plus or minus a few days.

Working on next:
 - Faucet on Chancecoin.com
 - More single player games

To be determined:
 - Web wallet. We can't directly host a Web wallet for legal reasons, but we might be able to finagle some kind of decentralized solution.

Magician

awesome work,dude,
more smooth function,the better.

Nice to see the updates here. Hopefully, most of functions will be implemented according to the plan. In terms of price of CHA, I believe it will be soar as long as the Devs keep innovating and developing.
Cheers

[TwinWinNerD]

We're really excited to announce that we'll be releasing instant betting by the end of tomorrow. We've also been working on some of the other features we've mentioned recently, but we want to get instant betting out as soon as possible.
Magician

Epic! You guys are beasts. Insanely fast and efficent.

totally agree!
keep up the great work it will pay off  

any update concerning transaction chaining?  

This version will also include transaction chaining. Scheduled for release tomorrow morning. 

Really great work ,devs!

 

Version 2.4 is now live! Your client should automatically update. It will re-download the database, which should take about three minutes, and you'll see "Chancecoin is parsing transactions" while it is happening. Give it a try and let us know what you think.

New features:

• Instant betting (we're talking about <10 seconds) -- try it!
• Transaction chaining
• Better card images
• Improved client speed (~4X faster on average)

Magician

Quick question:

You are talking about instant betting and I just tried that, but the bets still only show results, after a BTC block is found.

CHaining ect works great though.

[magician]

We're really excited to announce that we'll be releasing instant betting by the end of tomorrow. We've also been working on some of the other features we've mentioned recently, but we want to get instant betting out as soon as possible.
Magician

Epic! You guys are beasts. Insanely fast and efficent.

totally agree!
keep up the great work it will pay off  

any update concerning transaction chaining?  

This version will also include transaction chaining. Scheduled for release tomorrow morning. 

Really great work ,devs!

 

Version 2.4 is now live! Your client should automatically update. It will re-download the database, which should take about three minutes, and you'll see "Chancecoin is parsing transactions" while it is happening. Give it a try and let us know what you think.

New features:

• Instant betting (we're talking about <10 seconds) -- try it!
• Transaction chaining
• Better card images
• Improved client speed (~4X faster on average)

Magician

Quick question:

You are talking about instant betting and I just tried that, but the bets still only show results, after a BTC block is found.

CHaining ect works great though.

Sorry about that. I have a server running that looks for incoming bets, and it's down right now as I'm preparing for the BTC betting feature. It'll be working again shortly.

Magician

[TwinWinNerD]

We're really excited to announce that we'll be releasing instant betting by the end of tomorrow. We've also been working on some of the other features we've mentioned recently, but we want to get instant betting out as soon as possible.
Magician

Epic! You guys are beasts. Insanely fast and efficent.

totally agree!
keep up the great work it will pay off 

any update concerning transaction chaining? 

This version will also include transaction chaining. Scheduled for release tomorrow morning. 

Really great work ,devs!

 

Version 2.4 is now live! Your client should automatically update. It will re-download the database, which should take about three minutes, and you'll see "Chancecoin is parsing transactions" while it is happening. Give it a try and let us know what you think.

New features:

• Instant betting (we're talking about <10 seconds) -- try it!
• Transaction chaining
• Better card images
• Improved client speed (~4X faster on average)

Magician

Quick question:

You are talking about instant betting and I just tried that, but the bets still only show results, after a BTC block is found.

CHaining ect works great though.

Sorry about that. I have a server running that looks for incoming bets, and it's down right now as I'm preparing for the BTC betting feature. It'll be working again shortly.

Magician

Ok. Nice to know.

Looking forward to the New features!

[johnybyo]

What is different between XCP and CHA coins? In theory are all CHA code possible make also to XCP?

[hualehua]

how can we get this coin? give me a Chance! 

[superresistant]

What is different between XCP and CHA coins? In theory are all CHA code possible make also to XCP?

You can't change XCP into CHA because the max coin is variable in CHA and that type of change is impossible in XCP.

how can we get this coin? give me a Chance! 

Poloniex