[OLD][CSC]CasinoCoin ♠ A Digital Currency For The Regulated Online Gaming Sector

[Bitcoinguru99]

How many coins are actually already mined?

[ajochems]

How many coins are actually already mined?

The wallet info tab will tell you that there are about 38,8 mln coins mined. There are about 2000 new coins generated every day for the next 30-40 years ..... i guess if we do not have a sustainable mining network by then the coin will have failed to fulfil its promise   

[GoldSeal]

The trade volume on cryptopia is strange. It seems to be picking up.

[Bitcoinguru99]

Well not just the volume but also the price does not make sense... Who is still selling CSC coins at a mining loss? Miners selling at these prices can only loose. There are other profitable coins to mine and exchange them into CSC. So that leaves me still with my question, who is selli g CSC at rediculous price and volume?

[ugabuga]

Are fictitious movements ...
If I put 30k CSC on sale, and then I even buy the same CSC, 2 things happened:
1st - I created a movement in the market of 30K CSC
2nd - I just lost transaction fees

There is no need to know the purpose of who is doing this .. At least it creates movement and prevents us from being run from Cryptopia, due to lack of movement.

Just my thoughts...

[GoldSeal]

Are fictitious movements ...
If I put 30k CSC on sale, and then I even buy the same CSC, 2 things happened:
1st - I created a movement in the market of 30K CSC
2nd - I just lost transaction fees

There is no need to know the purpose of who is doing this .. At least it creates movement and prevents us from being run from Cryptopia, due to lack of movement.

Just my thoughts...

Maybe you are right, but this has been going since Feb 1. That's a lot of transaction fees to burn when the price is rising a bit just to create a market.

[GoldSeal]

Well not just the volume but also the price does not make sense... Who is still selling CSC coins at a mining loss? Miners selling at these prices can only loose. There are other profitable coins to mine and exchange them into CSC. So that leaves me still with my question, who is selli g CSC at rediculous price and volume?

I doubt it's miners. Miners produce maybe 2000 coins/day on a good day.

[ugabuga]

Are fictitious movements ...
If I put 30k CSC on sale, and then I even buy the same CSC, 2 things happened:
1st - I created a movement in the market of 30K CSC
2nd - I just lost transaction fees

There is no need to know the purpose of who is doing this .. At least it creates movement and prevents us from being run from Cryptopia, due to lack of movement.

Just my thoughts...

Maybe you are right, but this has been going since Feb 1. That's a lot of transaction fees to burn when the price is rising a bit just to create a market.

I think there may have been an average movement of 0.45BTC / day (initially, the movements were about .25 ~ .30BTC).
Cryptopia charges 0.20% of rates on purchase and sale.

So:

0.45BTC * 24 days = 10.8BTC

10.8BTC * 0.4% of fees = 0.0432BTC lost in taxes ...

I personally thank those who have been doing these movements. Moreover, to create the obvious motivation, and to raise a little morale, prevents the market is stagnant, and make CRYPTOPIA lose interest in keeping CSC ...

[ajochems]

Thanks to the group of initial testers the Mobile Wallet has now moved on to version v0.2! For everybody that wants to testdrive the latest version you can download it at https://github.com/casinocoin/MobileWallet/releases/tag/v0.2. Please be careful not to use too much coins with the wallet as it is still not a full production release!!!! For those that already have the app installed you should be able to install it over your previous version. If you used a passphrase seed for the wallet creation you can always delete the app and recreate the wallet after reinstalling it.

I also started the Apple iTunes appstore process for the mobile wallet and decided to go with the Sandcoins version first as i think that one has more chance of being accepted compared to the Casinocoin version. In the end it is no more than a theming issue but Apple can be pretty difficult in accepting apps. I guess the Android versions will be in the play store one of these days as well

I guess the general public release for the Mobile Wallets can be within a few weeks as soon as the Google and Apple app stores published the apps.

Enjoy!!

[ugabuga]

Thanks to the group of initial testers the Mobile Wallet has now moved on to version v0.2! For everybody that wants to testdrive the latest version you can download it at https://github.com/casinocoin/MobileWallet/releases/tag/v0.2. Please be careful not to use too much coins with the wallet as it is still not a full production release!!!! For those that already have the app installed you should be able to install it over your previous version. If you used a passphrase seed for the wallet creation you can always delete the app and recreate the wallet after reinstalling it.

I also started the Apple iTunes appstore process for the mobile wallet and decided to go with the Sandcoins version first as i think that one has more chance of being accepted compared to the Casinocoin version. In the end it is no more than a theming issue but Apple can be pretty difficult in accepting apps. I guess the Android versions will be in the play store one of these days as well

I guess the general public release for the Mobile Wallets can be within a few weeks as soon as the Google and Apple app stores published the apps.

Enjoy!!

Thank you Ajochems,

I think it is already much better than version 0.1

You've been working seriously.

- in the "receive" submenu you can see the history of the transactions received and sent. (Should not it be just the transactions received?)

- in the "send" submenu you can not see the history of the transactions sent.

- If possible, it should be able to identify a PRYPTO transaction automatically named "PRYPTO" (as in desktop wallet, when we redeem a prypto code ..)

- Finally, I can not install the Sandcoins wallet ... Is it because I already have the Casinocoin wallet installed?


Thanks again for your effort.


PS: Later i will register @github and put this suggestions/requests.

[barbeq]

Anybody know if he casinos are already buying on the open market?

I have explained to you multiple times that your idea that casinos will buy CSC in the open market is flawed and has no basis in fact.  Yet you keep spouting this nonsense. Why?

[barbeq]

Expect a press release in the coming fortnight on 'casinos' using CSC

I duly expected.... and nothing happened.  Not too surprisingly...

[gravitate]

what is happening to alcurex? cant withdraw or anything.

[Bitcoinguru99]

Alcurex seems working again nicely

[Bitcoinguru99]

Sooner or later believe me the casinos will need to buy in the open market. If the industry gets bigger and CSC is successfull, the casinos will need not just the closed looped coins but also open market coins.

[LongAndShort]

Sooner or later believe me the casinos will need to buy in the open market. If the industry gets bigger and CSC is successfull, the casinos will need not just the closed looped coins but also open market coins.

Sorry but what you are saying sounds completely absurd. Shilling unnecessarily is not becoming of you. It sure as hell is not needed either.

I'm jaded and just cant stand seeing it anymore, and for good reason. I believe it actually does no service at all. I'm actually way more interested in what you would like to do with the tech. And not what you guess someone else you don't know anything about will do with their capital.

[barbeq]

Sooner or later believe me the casinos will need to buy in the open market. If the industry gets bigger and CSC is successfull, the casinos will need not just the closed looped coins but also open market coins.

You provide no facts to support this claim and it runs counter to the paper which was published by Prypto. The Prypto closed loop system uses the CSC blockchain but Prypto tokens are not fungible with CSC coins. Therefore, there is no reasons for casinos to buy CSC. There is nothing useful they could do with those coins.  The mentioned paper states that if the closed used system requires more CSC coins, then those can be bought in the market.  So it will be Prypto, the operator of the closed loop system, and not casinos, buying more CSC, should that become necessary. You should bear in mind that Prypto already control approximately 10 million CSC coins, and naturally, they will use them first.  The only case where Prypto, not the casinos, would have to buy more CSC coins in the market is where those 10m coins circulating within the closed closed system are not enough to provide the necessary liquidity.  That is a long way off at the current pace of events, where Prypto have not even signed up one single casino, despite multiple announcements that there will be announcements  

So, please explain where the above is incorrect or why you believe casinos will buy CSC, with a better explanation than "believe me".

[Bitcoinguru99]

I remember the days when i ordered a lovely pizza margherita with 1btc. I wouldnt have imagend what btc is today....

[Marec4]

I believe the indicator when casinos are going live is network hashrate. At the moment block time isn't nowhere near 30s which is important for casino gaming. GC said that Dreamworks are going to support CSC network with hashing power, so until they set up servers for this, I don't think we're going to see some announcement. Ofcourse I may be wrong.

[Bitcoinguru99]

Exactly what I think also Marec