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

[sureman_otter]

I concur, I dont think comparing this to a premine is very accurate, Casinocoin has been out for quite a while and everyone has had a chance to mine and hold..  the changes are a good thing and if they are not we really have not lost anything .. but to do nothing would mean this coin is likely lost to oblivion..

[cryptozim]

6 million coins?

Haha! I said I had ~300,000 CSC.  

Sorry. I was mixed up. I was thinking of GoldSeal.

Have to agree with vlad. If we don't deal with the dilution problem, the coin won't be sustainable for the people that own it. If we do nothing, then we'll end up printing an additional 38 million coins in the next 12 months. That's some serious dilution. That will run off anyone who has invested in the coin and with a deteriorating $50 - 80k market cap, no casino is going to adopt it as a payment method. We need to get the market cap up.

This actually makes sense. Sometimes you just need to hear the same words stated a different way.

[GoldSeal]

Personally, I don't see any reason why casinocoin couldn't be a $400k market cap coin or even a $2 million market cap coin int he next 6 months. There's alot that needs to be done in addition to working on the dilution problem. Basically, this is my vision for the future of this coin:

1. drop the max coins and subsidy in July
2. make the coin easier to integrate - we'll start enhancing API's and maybe put out some casinocoin specific libraries for ruby/php, etc
3. improving software delivery - already working on release processes, mailing list to broadcast dev info, etc
4. improving availability - pushing for more exchanges to carry the coin and other more local means
5. promoting both the creation of new gambling sites - casinocoin needs places to be used. we can improve this
6. promoting casino funding - if we get a few things right and the market cap is higher then we should be able to get a few online poker and casino rooms to add this as a USD/euro funding option or even a transfer mechanism between casinos
7. improving general support for the coin - just this week Bitkee agreed to start selling casinocoin metal wallets for example. we're trying to get more digital currency support businesses to offer casinocoin related products. This only helps us popularize the coin and push it further. If you guys will, please check out Bitkee. They've been very supportive. Personally, I like the fact that you can now  buy casinocoin Bip38 metal wallets for physical storage.

If we keep working on this coin, it could be unstoppable. It's not just about the price. It's about makign an environment for the coin to be used everyday in real world applications. Definitely not a short term pump and dump scheme.

[Vlad2Vlad]

And we have some deep pocket investor buying up all the CSC he can get.  Maybe we'll get lucky and get some financial support from that investor.

Can you imagine a few CasinoCoin ATMs in Vegas or other hot locations?  It would do wonders for raising awareness.  

[GoldSeal]

And we have some deep pocket investor buying up all the CSC he can get.  Maybe we'll get lucky and get some financial support from that investor.

Can you imagine a few CasinoCoin ATMs in Vegas or other hot locations?  It would do wonders for raising awareness.  

I'm actually working on this right now. A friend of mine who is a product development manager for a large ITSP in Tokyo is putting together a business proposal. We will have more details available next month when he goes for funding. However for now, I can tell you that we're looking at deploying a network of ATM's both owned and franchised in several countries (both Asia and western countries) that will offer Bitcoin, litecoin, and casinocoin to start. So, in 6 - 10 weeks you should hear something from us.

If this is a product that you would eventually be interested in maybe purchasing/operating, this will certainly be an option. I'd like to release the ATM firmware for free and eventually arrange purchasing through the manufacturer. However, there would be a charge for the backend infrastructure that processes ATM transactions. If you are interested, I can create a mailing list for this.

[ajochems]

I don't know why there is any discussion about people having large amounts of CSC. Everybody is able to acquire coins by either mining (like myself) or through buying. Allthough a lot of people are holding on to their CSC at this moment because of its potential to increase in value you still can get your hands on about 1.000.000 csc for about 2600 dollar. That is a very small investment in my opinion. If that is too much for you buy 10.000 or 100.000 CSC but stop complaining about others that are taking the risk to invest their time and money in this coin!!

[GoldSeal]

I don't know why there is any discussion about people having large amounts of CSC. Everybody is able to acquire coins by either mining (like myself) or through buying. Allthough a lot of people are holding on to their CSC at this moment because of its potential to increase in value you still can get your hands on about 1.000.000 csc for about 2600 dollar. That is a very small investment in my opinion. If that is too much for you buy 10.000 or 100.000 CSC but stop complaining about others that are taking the risk to invest their time and money in this coin!!

Honestly I think large individual investors can be a good thing. More coins in fewer hands generally means that those individuals are longer term holders. This is mostly because the market is thin ad it simply is not possible to liquidate 2.5 million coins quickly which is one of the reasons I'm not thinking short term on the coins that I bought and mined.

[Oldminer]

And we have some deep pocket investor buying up all the CSC he can get.  Maybe we'll get lucky and get some financial support from that investor.

Can you imagine a few CasinoCoin ATMs in Vegas or other hot locations?  It would do wonders for raising awareness.  

I'm actually working on this right now. A friend of mine who is a product development manager for a large ITSP in Tokyo is putting together a business proposal. We will have more details available next month when he goes for funding. However for now, I can tell you that we're looking at deploying a network of ATM's both owned and franchised in several countries (both Asia and western countries) that will offer Bitcoin, litecoin, and casinocoin to start. So, in 6 - 10 weeks you should hear something from us.

If this is a product that you would eventually be interested in maybe purchasing/operating, this will certainly be an option. I'd like to release the ATM firmware for free and eventually arrange purchasing through the manufacturer. However, there would be a charge for the backend infrastructure that processes ATM transactions. If you are interested, I can create a mailing list for this.

Nice. This would certainly take Casinocoin to the next level.

[GoldSeal]

Nice. This would certainly take Casinocoin to the next level.

Yeah, definitely makes the coin more attractive to online casinos if someone can readily purchase coins at an ATM and have them deposited directly to their wallet or even to a list of online casinos/poker rooms that accept them.

So far, I've had discussions with a certain manufacturer in China that is willing to rework the firmware for us for free if I provide menu screen mockups, language translations, and API information for interfacing to the cloud infrastructure that backs the ATM. None of this is particularly difficult. The cost of the floor standing ATMs form the manufacturer is $2200 for a cash-in only machine and $3500 for a cash-out/in FOB shenzen, which is particularly compelling as well.

Right now, my associate is working up the business plan and he's going to seek out investors in the near future to roll-out approximately 25 - 50 units initially. So, at this point the project seems to be moving forward. I still need to nail down the scheduling and timeframe for firmware development form the manufacturer.

From my discussions with the other people involved, if anyone is interested in running one of these ATMs and you have a suitable location in any major city, we would certainly be able to sell you an ATM or work something out once the product exists and we're ready to roll out the initial network.

[c-cex]

Can't reach CSC dev or owner. Please, get in touch asap.

[GoldSeal]

Can't reach CSC dev or owner. Please, get in touch asap.

I live in Tokyo. Just woke up. Whats up? I'm on skype. Sent you a few messages, but you seem to be away. You can reach me on skype for the next 8 hours.

[c-cex]

I'm here to start discussion about situation we have on c-cex with Casino coin.

1. When hard fork occured in may, 19 I was not notified about that, later I was warned by customers that CSC need's update and when I checked CSC thread as usual I took sources from here https://bitcointalk.org/index.php?topic=258090.0 and recompiled it thinking that everything is ok.

2. Wallet worked fine, as I understand now on wrong fork, all transactions got confirmed. We had deposits and withdrawals on this wrong chain. We had some problems with withdrawals and deposits with users using very new wallet but there was a few of them.

3. In mid of June I got in touch with new owners of CSC and realized that infact there is newer version than I had from https://bitcointalk.org/index.php?topic=258090.0 I recompiled it immediately and got huge discrepancy of CSC. New wallet's balance become 28944 CSC instead of 1356475 CSC it should have to cover user's balances and initiated withdrawals that sent to wrong chain. So now we have discrepancy of 1327531 CSC.

4. Solution is simple. I would like to request CSC dev to include this coins for c-cex customers to new blockchain. It is technicaly possible and dev is ok with that, but this needs to be aproved by CSC community.

I hope You will approve it and our customer's will be able to use their CSC that they should have.

[BillTech]

sounds fair to me

[barbeq]

ok with me

[ajochems]

3. In mid of June I got in touch with new owners of CSC and realized that infact there is newer version than I had from https://bitcointalk.org/index.php?topic=258090.0 I recompiled it immediately and got huge discrepancy of CSC. New wallet's balance become 28944 CSC instead of 1356475 CSC it should have to cover user's balances and initiated withdrawals that sent to wrong chain. So now we have discrepancy of 1327531 CSC.

4. Solution is simple. I would like to request CSC dev to include this coins for c-cex customers to new blockchain. It is technicaly possible and dev is ok with that, but this needs to be aproved by CSC community.

I hope You will approve it and our customer's will be able to use their CSC that they should have.

I am not so sure yet, ... 1.3 million coins is quite a bit and i would like to know a bit more about those customers. Everybody active in the cryptocurrency knows by now that you need to be actively involved in the community if you either mine or trade certain coins in large quantities. If i have issues with my mining pool i am sure i would have to solve it myself and if i lost 1 million coins of users i would either have to pay those myself or loose all my users because of it. I do not think the community would rush to help me solve the problems, .... eventhough i have been supporting this coin from december onwards taking losses on running a pool that does not cover its running costs. But as i am into this coin for the long run as others supporting CSC i take my loss for now and hope it will give me an edge in the future if the coin starts to be profitable. So just giving the coins like that sounds a bit too easy for me! Anyway, ... in this case i would like to know:
- are we talking about 1 or 2 or a lot of customers that have their coins missing?
- are those customers prepared to disclose their identity (either to all or a few main coin devs)
- supply the transaction id's of the transactions in question here

If you or your customers do not want to supply that information publically i would want to receive that privately and investigate a bit futher the transactions behind those 1.3 million coins before deciding if i would agree to giving those coins.

Do not get me wrong that i know it is very important to have exchanges like c-cex onboard with CSC but we are talking a lot of coins here ...

[ajochems]

Oh and barbeq just made his first post ever on bitcointalk.org and BillTech has not been active on the CSC forum either so to me it seems your votes are not valid here, .... maybe you are customers of c-cex?

[freezer1]

I am customer of C-Cex. I bought about 33016 CSC and withdraw it to my wallet and to cryptsy. No one transaction is not confirmed.
2014-06-13 11:05:11   Withdrawal   -27527.15821143 CSC to CPusiJDMKueZe39HMgXqCpUqtqAUEpGKgn (a6c5066767869205bd976d2cc9c2d943dddfee86076ff52e86d80065ec6f364e)   
2014-06-13 19:38:33   Withdrawal   -5489 CSC to CZQzKRyvapbCYhBR45JksmBNhFjFbL29qx (112a255ed9c01e333a93663e9b3cbe943da7600124dcbc3ce0dbc3b3699268cb)   

[sureman_otter]

uh, yeah.. I lost about 1.5mil coins during the update too, anyone here care to give them back to me 

but yeah, seriously it was about 5K because the pool i was mining did the transfer during the middle of the update and were on the wrong fork.. after re-scan wallet they were just gone, I don't mine there anymore.. likewise, if an exchange was having problems and then going back to the devs for huge coins, they better have a lot of public justification, or it seems scammish to me, and I wouldn't go there either..

[sureman_otter]

whoops.. sorry guys, I forgot to give you my address for the 1.5mil deposit 

CSC - CWSBVHsf9S6eUpU5bgPtrz6dR5EVX7FfH1

[parkkar]

I would certainly appreciate this as I'm missing 1,300 CSC coins. While that may not sound like much to some, I'm just getting into mining and this experience has been incredibly off-putting. This wasn't an issue with my mining pool but was a problem with the exchange (in this case C-Cex). While we can mine coins without mining pools, without the support and trust in exchanges the coins become useless (in the absence of some other way to share/trade them with one another).

http://csc.blockexp.info/tx/d10c284dd3042035fcd2e900f826c7940dc8dbe3839cb2e17aaef4cc7a48ab20#o1

3. In mid of June I got in touch with new owners of CSC and realized that infact there is newer version than I had from https://bitcointalk.org/index.php?topic=258090.0 I recompiled it immediately and got huge discrepancy of CSC. New wallet's balance become 28944 CSC instead of 1356475 CSC it should have to cover user's balances and initiated withdrawals that sent to wrong chain. So now we have discrepancy of 1327531 CSC.

4. Solution is simple. I would like to request CSC dev to include this coins for c-cex customers to new blockchain. It is technicaly possible and dev is ok with that, but this needs to be aproved by CSC community.

I hope You will approve it and our customer's will be able to use their CSC that they should have.

I am not so sure yet, ... 1.3 million coins is quite a bit and i would like to know a bit more about those customers. Everybody active in the cryptocurrency knows by now that you need to be actively involved in the community if you either mine or trade certain coins in large quantities. If i have issues with my mining pool i am sure i would have to solve it myself and if i lost 1 million coins of users i would either have to pay those myself or loose all my users because of it. I do not think the community would rush to help me solve the problems, .... eventhough i have been supporting this coin from december onwards taking losses on running a pool that does not cover its running costs. But as i am into this coin for the long run as others supporting CSC i take my loss for now and hope it will give me an edge in the future if the coin starts to be profitable. So just giving the coins like that sounds a bit too easy for me! Anyway, ... in this case i would like to know:
- are we talking about 1 or 2 or a lot of customers that have their coins missing?
- are those customers prepared to disclose their identity (either to all or a few main coin devs)
- supply the transaction id's of the transactions in question here

If you or your customers do not want to supply that information publically i would want to receive that privately and investigate a bit futher the transactions behind those 1.3 million coins before deciding if i would agree to giving those coins.

Do not get me wrong that i know it is very important to have exchanges like c-cex onboard with CSC but we are talking a lot of coins here ...