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

[Barney]

Cryptsy wallet back online and immediate dump 150k coins 600->300 satoshi. LMAO. Such miners, wow!

[GoldSeal]

No worries we're supporting this coin solidly. That dumper will regret that shortly. Quality devs are on the scene now and are dedicated to creating value for everyone that supported this coin so far.

[Oldminer]

Cryptsy wallet back online and immediate dump 150k coins 600->300 satoshi. LMAO. Such miners, wow!

Cryptsy wallet back online? Really? So where's my coins 

[GoldSeal]

Here's the plan:
1.) we're reducing the total number of coins
2.) we're reducing the block reward. Period.
3.) we're actively talking to exchanges and existing gambling outfits to increase adoption
4.) we're planning adding features to improve service integration. We'll start a discussion soon about improving the API and maybe even adding AMQP pub/sub transaction notification
5.) scrypt asics are coming next 8 weeks that will strengthen and possibly legitimize scrypt coins
6.) devs are working on possibly introducing low cost ATMs that support bitcoin litecoin and casinocoin. I'm hitting this pretty hard today and if it's possible I'm making that available to the community even if it ends up meaning open sourcing atm firmware to the community. Put that in your pipe and smoke it.
7.) casinocoin is out there promoting integration with a new casino and is committed to supporting the coin by keeping casinocoin city alive. Check out his free roll poker events. This guy is honest and is working hard behind the scenes for you guys. He can park his shoes under my bed anytime. Lol
8.) you guys now get a voice. If you have an idea post it. Devs are not dictators. We'll do everything we can to implement features that you want. Be active you have a voice.

If you want to sell your coins go for it. We'll miss you, but I'll still buy you a beer when you come to Tokyo. You'll just have to deal with my gloating. Haha

Casinocoin is the best branded niche scrypt coin. I wouldn't waste my time if I didn't believe in it and I have 2.5 million coins to prove it. Gambatte! ( Japanese for good luck!)

[pollforall]

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[markandrew]

I have a question that may sound silly but cannot find the answer anywhere, when solo mining do you have to leave your computer and gpu running until you found a block as you may loose the progress that you have made and would have to start again??

[Barney]

No, there is no context and no progress. You can restart miner and make pauses at any time.

[ajochems]

Here's the plan:
1.) we're reducing the total number of coins
2.) we're reducing the block reward. Period.
3.) we're actively talking to exchanges and existing gambling outfits to increase adoption
4.) we're planning adding features to improve service integration. We'll start a discussion soon about improving the API and maybe even adding AMQP pub/sub transaction notification
5.) scrypt asics are coming next 8 weeks that will strengthen and possibly legitimize scrypt coins
6.) devs are working on possibly introducing low cost ATMs that support bitcoin litecoin and casinocoin. I'm hitting this pretty hard today and if it's possible I'm making that available to the community even if it ends up meaning open sourcing atm firmware to the community. Put that in your pipe and smoke it.
7.) casinocoin is out there promoting integration with a new casino and is committed to supporting the coin by keeping casinocoin city alive. Check out his free roll poker events. This guy is honest and is working hard behind the scenes for you guys. He can park his shoes under my bed anytime. Lol
8.) you guys now get a voice. If you have an idea post it. Devs are not dictators. We'll do everything we can to implement features that you want. Be active you have a voice.

If you want to sell your coins go for it. We'll miss you, but I'll still buy you a beer when you come to Tokyo. You'll just have to deal with my gloating. Haha

Casinocoin is the best branded niche scrypt coin. I wouldn't waste my time if I didn't believe in it and I have 2.5 million coins to prove it. Gambatte! ( Japanese for good luck!)

My question about reducing the number of coins was because i see CSC in the future as replacement for real casino chips. So if you would like to see 1 chip is 1 CSC i think it would be good to have a big supply of coins, so that was behind my question about lowering the amount of available coins. If there are no more than 60 milion coins in the world its no problem. Or if you all agree that instead of a 1,10, 100 or 1000 dollar chip you create a 1u, 10u 100u and 1 CSC (u=1 being 1000th CSC) crypto chip i am allright with that. Don't get me wrong here, not criticizing anything here, just try to get the reason clear behind the decision of reducing the amount of coins.

Those ATMs would be awesome! A while back i also mentioned the idea of putting a CSC direct deposit/withdraw mechanism on slot machines, would be the next step! Man i seriously need to find some time to finish the mobile wallet i started, that together with the ATM would be totally cool !!

@GoldSeal -> thanks for stepping up to the plate

[Vlad2Vlad]

One could do 1 microCSC later on or something like Bitcoin.  Or the devs could add PoS and add coins to the system that way.

But that's years down the line and right now if the value isn't increased then CSC risks falling to the bottom of the Crypto barrel as thousands of new "better" coins come online.  

New investors look at what they perceive as strong coins and value is part of that equation:  A $10 stock looks much stronger than a 1 penny stock, and coins are very much the same as millions of stock investors flow into cryptos over the next few years.

This cap and subsidy reduction should have lasting effects due to simple supply and demand laws.  Large corporations due reverse splits and spend billlions on stock BuyBacks for this exact reason.  

But we're not doing a reverse split and no money is spent so it's an amazing strategy to employ which corporations simply cannot do without spending massive amounts of money.

Regards...

[markandrew]

i think real casinos should also be approached on the development of this coin, and people can go into casino and then literally exchange casinocoins for real chips, that way big time gamblers will always have chips wherever they go, or at least this is a way to implement the coins into real world application, great feeling when you have a bunch of physical chips in your hand, phsycology has a massive role to play.

[CartmanSPC]

But we're not doing a reverse split and no money is spent so it's an amazing strategy to employ which corporations simply cannot do without spending massive amounts of money.

I keep thinking about how one of the benefits of BTC is that the supply cannot be increased or decreased based on the whim of a government. In reality it can be changed based on the whims of the majority or even just a few devs (translation: it can be changed based on the whims of nerds). I'm not against changing the supply or reward but a part of me seems to feel like it is being no better than what governments do with fiat. I know other coins have done it to various degrees of success but does that make it okay?

I am not familiar with the reasons for the original supply amount but one would hope there was some thought put into it.

Just putting my thoughts out there. It would be financially beneficial to current holders of Casinocoin to decrease supply and reward but is that the right thing to do?

[Vlad2Vlad]

But we're not doing a reverse split and no money is spent so it's an amazing strategy to employ which corporations simply cannot do without spending massive amounts of money.

I keep thinking about how one of the benefits of BTC is that the supply cannot be increased or decreased based on the whim of a government. In reality it can be changed based on the whims of the majority or even just a few devs (translation: nerds). I'm not against changing the supply or reward but a part of me seems to feel like it is being no better than what governments do with fiat. I know other coins have done it to various degrees of success but does that make it okay?

I am not familiar with the reasons for the original supply amount but one would hope there was some thought put into it.

Just putting my thoughts out there. Personally it would be beneficial for me financially to decrease supply and reward but is that the right thing to do?

I can say the same thing about the massive hyper inflation CasinoCoin is currently experiencing at the detriment of all the holders.

So it's like fiat of we sit and watch and it's like fiat if we take action.

Difference is, if we take action, it will help anyone buying CSC where if we sit and watch it's gonna hurt everyone.

The whole decentralized thing was a lie, BTW, to attract everyone.  Look at Bitcoin, totally centralized by a foundation board, ONE single pool and also by the fact that 1% own 50% of all the coins.

Yet nobody seems to care.

So we have to stop with the hating Fiat bit cause Bitcoin is Fiat 2.0 and we have to focus on the right strategic moves to increase shareholder value, short-term and Long-term.

And cutting dilution and inflation is a big move in the right direction.

Thanks for your input.

Cheers!

[CartmanSPC]

I can say the same thing about the massive hyper inflation CasinoCoin is currently experiencing at the detriment of all the holders.

So it's like fiat of we sit and watch and it's like fiat if we take action.

Difference is, if we take action, it will help anyone buying CSC where if we sit and watch it's gonna hurt everyone.
So we have to stop with the hating Fiat bit cause Bitcoin is Fiat 2.0 and we have to focus on the right strategic moves to increase shareholder value, short-term and Long-term.

And cutting dilution and inflation is a big move in the right direction.

...but the difference is that purchasers of Casinocoin knew what they were getting into. They know the coin specs including the total supply. Those specs should almost be set in stone...but like I said only a part of me is having problems with changing the specs...the other part of me that knows the value of my current supply will dramatically increase says "go for it"

I guess that value is only there if new purchasers are not aware that they are buying into a market that was significantly cheaper before the change.

[markandrew]

ok ive just started to solo mine, ive used tee debug window with setgenerate true command, but it is currently using my cpu, how do i change this to my gpu

[markandrew]

forget my last comment doing pool mining now but still cant get it to work, this is my batch file code

cgminer --scrypt -o stratum+tcp://norteamerica.megamineros.com:3334 -u markandrew.1 -p x -I 17 -g 1 --thread-concurrency 12000
pause

i put pause in as the window just shut down straight away after launching, is cgminer the wrong miner?

please help!

[rudy4682]

forget my last comment doing pool mining now but still cant get it to work, this is my batch file code

cgminer --scrypt -o stratum+tcp://norteamerica.megamineros.com:3334 -u markandrew.1 -p x -I 17 -g 1 --thread-concurrency 12000
pause

i put pause in as the window just shut down straight away after launching, is cgminer the wrong miner?

please help!

are you starting the batch file from the directory that contains cgminer?
what is the last line you see before "Press any key to continue . . ."?

[Vlad2Vlad]

I can say the same thing about the massive hyper inflation CasinoCoin is currently experiencing at the detriment of all the holders.

So it's like fiat of we sit and watch and it's like fiat if we take action.

Difference is, if we take action, it will help anyone buying CSC where if we sit and watch it's gonna hurt everyone.
So we have to stop with the hating Fiat bit cause Bitcoin is Fiat 2.0 and we have to focus on the right strategic moves to increase shareholder value, short-term and Long-term.

And cutting dilution and inflation is a big move in the right direction.

...but the difference is that purchasers of Casinocoin knew what they were getting into. They know the coin specs including the total supply. Those specs should almost be set in stone...but like I said only a part of me is having problems with changing the specs...the other part of me that knows the value of my current supply will dramatically increase says "go for it"

I guess that value is only there if new purchasers are not aware that they are buying into a market that was significantly cheaper before the change.

I see your point.

Firstly, those of us here now, including the devs, did not agree to anything in the Current Protocol, and it was a mistake to dilute as much as the original dev did.

Secondly, those who bought into CSC had no idea what the macro view would be down the road.  Most didn't imagine 500 alt-coins by now and thousands by next year.  Nor did we imagine tons of hype and scam coins stealing all the attention and investment money from good, honest coins.

So it's not exactly true that we knew what we were getting into. The crypto-coin manipulation has become rampant and what was seen as sustained inflation even 6 months ago is now unsustainable due to the fact there are now many other coins grabbing investor money creating a capital vacuum for most other alts.

So we, including the current devs, have now inherited a coin with a built-in problem [Massive inflation and Dilution] and if we don't make the proper adjustments things will not get any better, they will continue to get worse.

And adding value, even if it adds some uncertainty regarding the CSC protocol [in this particular case] is better than not doing anything which would lead to even more uncertainty regarding CasinoCoin's future.


Regards...

[benjamoyne]

Just a quick question for developers..

I've always looked at Casino coin and Lotto coin as two good side by side coins for online casinos.
ie. Lotto coin for slots style and flash based games and Casino coin for Black Jack etc

Have you thought about contacting the lotto coin team and look at merge mining??

ie Mine Casino coins and get Lotto coins at the same time?

Lotto coin looks like it is in trouble at the moment with no buy orders on Cryptsy and a very low network hash.

Just an idea that may help increase the value of both coins and cement there use in the crowded world of crypto coins.

PS. I don't hold any lotto coins, just seems like a very beneficial idea.

[GoldSeal]

Who wants to see a $25 Casinocoin? Raise your hands.

This where we want to be in 2 years. Let's see what we can do to get there.

[GoldSeal]

Just a quick question for developers..

I've always looked at Casino coin and Lotto coin as two good side by side coins for online casinos.
ie. Lotto coin for slots style and flash based games and Casino coin for Black Jack etc

Have you thought about contacting the lotto coin team and look at merge mining??

ie Mine Casino coins and get Lotto coins at the same time?

Lotto coin looks like it is in trouble at the moment with no buy orders on Cryptsy and a very low network hash.

Just an idea that may help increase the value of both coins and cement there use in the crowded world of crypto coins.

PS. I don't hold any lotto coins, just seems like a very beneficial idea.

I'm not sure we'd want to tie ourselves to another coin. At least for now we have the freedom to tweak the diff calc etc if we need to. Unfortunately, once you add a feature like that it confuses people later if you take it away.