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Showing content with the highest reputation since 03/14/2019 in all areas

  1. 9 points
    Hear me, hear me everyone! The CasinoCoin Spring Update has been released on Youtube! https://youtu.be/KV2q4dOgevY
  2. 9 points
    I believe this was written last year, but still a good read. Source : Discord - Why CasinoCoin Is An Amazing Investment - Written By @honeybyte CasinoCoin has the potential to become the backbone for the entire online e-gambling industry by offering a compliance and regulation solution that helps all three gambling entities: players, operators, and governments. Players: Pros: It helps players by reducing the need to give operators the same proof-of-identity documentation each time they want to start gambling with them. One KYC/AML check, and then you can play with any operator within the CasinoCoin network. This reduces the likelihood of identity theft, eases transitions between gaming interfaces, and allows the gambler to keep their gambling stake in a single location in a single currency, reducing the need to pull and push money around. Players will have a choice of any available operator. With almost no switching costs, players can try out different operators until they find one they like. It will allow them to adjust their gambling desires to the operators that are most suited to the choice of games, interface, and social network. Play Pai-Gow with your friends at Operator 1, then join your poker friends over at PokerStars, moving your stash back and forth like chips in your pocket. Additionally, with Responsible Gaming features built into the wallet, a player will be able to support their own gambling goals. If you don’t want to wager more than $100 per day, the tools are available to you. Cons: CasinoCoin will fluctuate in value for the foreseeable future. Some players will prefer to keep their money stable to account more accurately for profit and losses. Their may be additional tax implications with moving money into and out of cryptocurrency. By removing some of the barriers to playing, it could result in an increase in gambling addiction, if Responsible Gaming features are not utilized. Operators: Pros: CasinoCoin helps operators, by reducing their compliance costs associated with registering new players, removes friction playing, and opens a pool of possible players. Each time a new player is added to the system, their information needs to be verified. When an operator receives CasinoCoin from a registered player, their pre-verified KYL/ AML information is included in the transfer. Therefore, the need and cost to verify the information has been removed. Additionally, the friction between players and the operator’s playing interface has been removed. A new player only need to do a couple things to start playing at a new operator: get an CasinoCoin address for their account, associate the operator with their CasinoCoin wallet, transfer coins, and start playing. No more verification or moneyloading delays, since CasinoCoin removes both obstacles to play simultaneously. Players can just start playing immediately. Simultaneously, it opens the operator to an available pool of new players who are prevetted and require zero marketing. Once a player downloads the BRM wallet and adds some CasinoCoin, they can immediately see the operator in a list of available operators. This system will reward operators who have a better player experience. Cons: Because CasinoCoin reduces the switching cost, it will be easy for established players to move to a different operator. This system penalized players with a poor player experience.In order to interact with the system, a supply of CasinoCoins will need to be maintained. Due to the fluctuating nature of cryptocurrencies, this could result in a large volatile pool of assets. Governments Pros: By exposing all transactions through the blockchain, traceability of funds will be simplified. Additionally, centralizing KYC/AML will allow for reduced cost in and a higher degree of compliance enforcement. Finally, by integrating Responsible Gaming Features dire toy into the wallet, there is a single chokehold to manage gambling addiction issues. To a government, visibility into large-scale financial transactions in the gambling industries is a huge win. Knowing exactly who is sending how much to each establishment allows open tracking of any suspicious behavior of a player or operator. Additionally, it means that tax reporting and compliance becomes simplified. The reduction in compliance needs results in lower costs in enforcement and prosecution. Since KYC/AML is being concentrated, partnerships with CasinoCoin will allow a simplified method to get the information they need, with fewer resources. Again, further efficiency and reduced cost. Finally, the Responsible Gaming feautres can be applied in a granular nature. Individual jurisdictions can apply their requirements to any operators within their own jurisdiction from a single point of control. No longer is there a need to follow up with compliance on a operator by operator basis. All three of these factors encourage governments to not only adopt CasinoCoin, but to enforce it as the only online gambling payment system. If CasinoCoin were the only was money could be transferred into operators, compliance, oversight, and addiction could be treated simultaneously and comprehensively. Politicians will look good stumping for this restriction since it fulfills all their needs as legislators. Therefore lobbying efforts would be an easy win, especially in the range of all gambling industry efforts. Cons: It is gambling and some governments would prefer straight up bans instead. As an independent entity, governments have to relinquish control. This would only be a concern if power were concentrated through CasinoCoin by legislation. Market Analysis: Currently the markets being addressed by this coin are: cryptocurrency, online gambling, land-based gambling. While CasinoCoin does not directly revolve around the cryptocurrency market, it remains a cryptocurrency and will rise and fall on the overall market. It directly targets online gambling, and will be the main emphasis. Finally, land-based casinos are quickly becoming integrated to their online counterparts, opening up a funnel of possible growth in the future. Cryptocurrency Market Near term (2018-2019): So, there are several predicitions, but all are looking at stable to massive growth by the end of 2019. Mike Novogratz, hedge fund manager calls for the market to be $2 trillion by end of 2018. That is a 4x increase from the present. John McAffe will eat his own d—- if bitcoin doesn’t hit $1mil by 2020. Virginia Senator Mark Warner said in the SEC hearing on Cryptocurrencies he expects a market cap of $20 trillion by 2020. While bullish, this is the potential upside these projects are garnering. This is a market which is currently disrupting the financial space of stocks through ICOs (stock - $30tril), and has the ability to attack insurance and loans in the near future. What is stopping it right now? Not enough talent in the field to push through all the ideas. This is not indicative of a market that will disappear anytime soon. I expect 2x-40x growth over the next 2 years. Online gambling This is a market that is heading to $60bil by 2020. There is a standard 10% YoY growth curve that has been going on since 2015. The real question in estimating marketshare is how large are the players collective bankrolls per year compared to their losses? If the industry makes $50 bil, then how much is on the sidelines? Land Based Casinos Once the market starts to pick up then online casinos could be integrated into land based casinos. The potential would be unreal. $600bil by 202
  3. 9 points
    Foundation do come on the discord chat quite often, last chat left us with that there's more going on than just Malta, IOM are running a sandbox and foundation said they were talking to operators, plus land based integration is always on the cards and csc as gas for other projects using the blockchain. Going to be worth the wait if you ask me 🤗
  4. 8 points
    For everybody asking for new exchanges, keep an eye on the bitrue official twitter page as they will be running a vote for listing CSC, Thanks
  5. 8 points
  6. 7 points
    Can't believe its only 189 to 1 Cent.. This shit is fucking amazing! Getting a new exchange soon. I'm sure more will come faster as well after this. The ball is rolling.
  7. 6 points
    I see great things happening with this coin. The joining of Richard Cammegh, Managing Director of Cammegh. Just shows again how awesome this team is and the connections they are making. Everything they need to make this successful is coming together. The advisory board are incredible. This is the coin to watch out for this year 👀 Look forward to the video road map update end of the week.
  8. 6 points
  9. 6 points
  10. 6 points
    ...retweet the Bitrue voting, pretty please! I know we surpassed the 500 votes but it would be really good for us to reach 500 ORGANIC retweets as well. Please DO NOT buy any, rather tell your family and friends to RT it. If 50 of us just do that, we hit the 500 pretty easy. Sorry for spamming this across all channels but our actives are way higher than the current number of interactions on Twitter. Thanks! 🙂
  11. 6 points
  12. 6 points
  13. 6 points
    What is CasinCoin (CSC)? Taken from CSC’s official website, CasinoCoin is: “An open source, peer-to-peer, cryptocurrency specifically designed for the regulated online gambling industry.” CSC are in partnership with the Isle of Man government and have offices in both Malta and the Isle of Man. What are the problems facing the regulated gambling industry. For the operator –compliance with regulatory headaches/legislation such as Know Your Customer and the Anti Money Laundering regulations. For example, William Hill – one of the UK’s largest licenced operators were fined £6.2m in February 2018, by the Gambling Commission for lax controls. In June 2018, 32 Red, a licensed British operator, were fined £2m for failing to protect a problem gambler. Secondly, for the player - slow transactions typical of the modern day banking world. Players moving fiat from bank account to operator and than back to bank account and onto another operator can take several days. Finally, both the operator and player can face lengthy delay whilst ID checks are made and documents verified How does CSC solve these problems? The centerpiece of CSC’s solution is the BRM – the Bank Roll Manager . This is an App that has will allow the users to seamlessly transfer CSC between the operator, the player’s wallet and onto another operator in seconds whilst also allowing completion of the KYC checks. CSC have partnered with Jumio, who are responsible for verifying the ID for Coinbase users. Players take a photo of their ID, upload it to the BRM. Jumio then verify the ID, and the player is all set to play at ANY of the operators registered in the BRM, with NO FURTHER SEPARATE ID CHECKS and re-verification. This is a massive win for the operator as they have now effectively outsourced a key element of their regulatory compliance requirements. So…no more fines. Using a modified code of Ripple, millions of CSC can be transacted in under 3 seconds. So…no more waiting on bank clearing timescales with a transaction cost of less than a penny. What about the team behind CSC? Who are they? This for me is where CSC really shines. The guy at the top is John Cadwell – Director of Advocacy, whose previous position include Editor in Chief for Pokernews.com 1 and had a senior marketing role for Poker Stars. Ashish Tawakley – Chief Commerical Officer – ex Betfair ( who are in partnership with Paddy Power, a leading UK licensed operator.) Duncan Cameron - Technical Director - Duncan managed the building and launch of the PokerStars Mobile App – PS Mobile – which was responsible for the company receiving eGaming Review’s ‘Mobile Operator of the Year’ award. The advisory board reads like a who’s who of the gambling industry, with names such as: Lydia Barbera – “Head of Innovation” at Microgaming. based in the Isle of Man. Lydia was recently voted one of the ten most influential women in the online gaming industry. Microgaming developed the world’s first true online casino software in 1994 and the first mobile casino software in 2004. Microgaming is also the supplier of more than 700 world leading gaming brands such as Bet365, LeoVegas, 188 bet and Casumo. Draftkings Jeffrey Haas – Chief International Officer for Draft Kings, who are a billion dollar company. Kindred Group Britt Boeskov - Kindred Group have 1.5 million players in the gamining/gambling industry. Gamesys Lee Fenton – CEO. Gamesys have over 25 million players, 1000 employees, with some of the brands being Jackpot Joy, Virgin Games and Virgin Casino So, what about landbased Casinos? CSC were approached earlier this year by a Casino supplier to the Las Vegas Casinos. John Cadwell, of the CasinoCoin foundation was in Vegas recently in discussions surrounding this. Examples of CSC use in landbased Casinos could be as follows: Administration system for all bets CSC could integrate with the scan devices on slots Poker chips with CSC integrated How will the player go about converting their fiat into CSC? This is all done within the BRM. The player buys CSC from the operator who has their own supply of CSC bought from an exchange. So, a player will always deposit in CSC, gamble in CSC, win in CSC and withdraw in CSC. Would the volatility of the price of CSC be an issue? "There is no conversion happening on the operator platform. They could do that, it just wouldn’t make much sense. Some Casinos already using some tokenized system. Meaning you deposit 100USD, you get 100 tokens and a spin costs you x tokens or you place tokens on a table. At the end of the day, it doesn’t matter which currency you gamble in. It only comes to play when cashing in and cashing out. The operator needs to have a bankroll in CSC. Otherwise, they wouldn’t be able to cash you out. Taking the risk of not having it and buying it on the market if you need it would be a risk. It’s the same for current casinos allowing you to gamble in crypto. They need to have a bankroll. Some might not have it and you would never know till someone wins big.” (Credit to Daniel Keller from the CSC Foundation who explains this better than I ever could) Can you give me a brief history of CSC? CasinoCoin started in 2013, and was taken over in August 2017 by Double C Foundation. A coin swap was undertaken increasing the supply from 40 million to 40 billion. What exchanges is CSC listed on? Right now, STEX, Nlexch and NUEX. CSC are in discussions with major exchanges, and with Binance being just down the road in Malta, this is a distinct possibility. CSC did not do an ICO and the Foundation is a Not For Profit Organisation ( Hence do not have hundreds of thousands at their disposal necessary for a major listing fee) Negotiations are ongoing with major exchanges and an announcement is likely to come soon. Also note, that the operators will have to buy their CSC direct from the exchanges like every one else, and not direct from the Foundation. Why have I not heard of CSC before? Mainly because CSC are purely focused on developing a working product and building the relationships with operators/partners. The Foundation have a ‘zero hype” policy and will only make an announcement when they have something to announce. No marketing has yet been undertaken and the great thing is with CSC, once the marketing switch is flipped, the operators CSC have partnered up with, will also be doing their own marketing to their customer base. Where are CSC up to right now? The tech has been developed, i.e the BRM, and this is with the Maltese Gaming Authority, pending approval following the sandbox testing. (The BRM is ready for testing. The operator has submitted the application. Just waiting on the MGA.) For the sandbox testing, CSC have partnered with an as yet unnamed operator. Additionally, it is worthy of note that the sandbox testing was most likely delayed due to Malta progressing with legislation written specifically for Crypto. The Malta Digital Innovation Authority, should oversee all crypto related items for the government. CSC wallets are available for download for Windows, OSX and Linux. The CSC team are also currently working on nano ledger integration. What’s the global market size of the gambling industry? Total gambling industry revenues are predicted to be 635 Billion USD in 2022. Total gaming industry revenue is predicted to be 128 billion USD in 2020 CSC in a nutshell CSC is a payment solution for the online (and potentially landbased) gambling industry powered by a modified version of the Ripple code. CSC are in partnership with an as yet unnamed operator. Price will be driven primarily by use and utility with speculation being secondary. CasinoCoin has a working product ready for release. CSC have close connections with the gambling industry with ex high ranking individuals from Poker Stars. CasinoCoin has a billionaire behind it. Douglas Barrowman :https://www.knoxprivateoffice.com/ 2 Everything the CSC team does is about the adoption of the CasinoCoin. I hope someone finds the potential of this project as exciting as I do. Thanks for reading if you made it this far… Source : https://thebitcoin.pub/t/csc-xrp-fork-the-future-of-gambling-powered-by-modified-ripple-code/45422
  14. 5 points
    https://www.ccn.com/tron-casino-disappearsthousands-of-investors-doomed-with-worthless-tokens I feel bad for folks stuck in this situation. It's a not so subtle reminder as to why CSC tech is so important to the ecosystem as a whole.
  15. 5 points
    Bitrue have said they want to see community interest before they list, they previously said no to a listing due to a lack of interest but have received loads of messages and seen the progress the team is making, the team have said they are in talks with them. You can like, prey or jerk yourself off it makes you feel better but CSC hasn't hyped or over promised on anything. This is community action as the only request we get from new investors in the chat is new exchanges.
  16. 5 points
  17. 5 points
    This thread got pretty much hot! Locked. Take it to clubs, you can be more trashy there 😛 but please be respectful
  18. 5 points
    Massive thanks to @Daniel Keller as ive got my coins back yeeeeeeeeah 🙂 He talked me through using this tool https://github.com/casinocoin/casinocoin-dumpprivatekeys/releases - which i needed to run through dos. Bought some more to celebrate lol Cheers all for the help 🙂
  19. 5 points
    In my experience the CSC/BTC trade volume has been a little higher with NUEX. Though as the current price is only a few sats, the steps in price are rather high ... I mean going from 5 sats to 6 is already 20% higher ... So though I personally prefer the CSC/XRP trading pair, I'd watch both trading pairs for the best bargain ... Also, in my experience it pays to have a little patience ... I FOMO'd waayyyy too often ... This all is just my personal experience and it's definitely NOT meant as financial or trading advise ... Always do your own research!
  20. 5 points
    Me too. Just XRP and CSC. Just hodling in place right now. Keep buying xrp when I can. I am happy with my csc but ......., I will buy moar.
  21. 5 points
    Yes. Bought more at 7 sats.
  22. 5 points
    Hey @LeGonze you are Bronze!!! And it rhymes. LeGonze is Bronze. He posted a lot Made it to bronze Then he lost Pushed back alot When counting was lost. Finally back he is, LeGonze Where he belongs In Bronze
  23. 4 points
  24. 4 points
    Really great things happening! 💯 Should be another update from the Team about the Token deal.
  25. 4 points
    My first buy was in Jan 1,2018... since then I've increased my "final" bag ...20 fold ... but I'm done. Its done. I'm loaded. Unless it drops to 1 or BTC goes to 1k,then I will fomo.