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Showing content with the highest reputation since 07/29/2018 in all areas

  1. 23 points
  2. 20 points
    I don't want this to turn into a back and forth, so I'll address some of the points made here. To begin with, criticism is more than welcome. We don't expect, nor do we want, a community full of yes men and women, and we welcome questions as to what we are doing. I'm going to write in bullet point form, so I don't have to worry about formatting Location: We have a meeting room booked in an office building for our three days of team meetings, the plan was to hold the live chat in there, but we were told just hours before that the office needed to be vacated by 6pm as no staff were present afterwards. We scrambled to find a quiet spot with enough lighting and strong enough wifi, and the hotel we're staying at kindly let us use their ballroom for free. We agree that the setting was not ideal, but it was the best we could do at short notice. Before anyone asks, one of the hotel rooms was out of the question as they're not large enough not well lit and the wifi signal wasn't reliable. Lack of announcements/new info during the chat: We did have something to share(!), but our faithful lawyers asked us not to until one particular thing (which I obviously can't share) has been finalised. Dress: This criticism is bizarre to me, and most of it came from someone who admitted they haven't even watched the video yet!? I could easily justify just ignoring it, but here I go anyway... I think it shows a lack of understanding of the culture of start ups and tech businesses. We're not a big finance corporation where everyone is expected to dress to impress every day. In my past job at PokerStars, the dress code was casual, even though we worked in an office building shared with various large finance and tech companies. To think that casual dress is "unprofessional" is nothing more than uninformed. When any of us take meetings with potential partners, suppliers, or just about anyone outside of the business, of course we dress more professionally. Come on now... Going too far with the "anti-hype" ethos: Correct me if I'm wrong, but I don't believe we specifically shout "WE'RE ANTI-HYPE!" from the rooftops, but more so, we just don't spin BS and make a big deal out of something that may or may not happen. When we have news to share, we share it. When we don't, we don't. Also appreciate that almost every single team member receives PMs almost every single day asking when the next announcement is, who the partners are etc etc. There are only so many ways to say "we can't tell you yet" or "we don't know". Everything we do has a reason, while that reason may not always be clear, we're not just randomly throwing darts at a board, there's method to the madness. Does that mean we'll make the right decision every time? No, but if that disappoints you then you need to manage your own expectations better. Marketing: I just wrote something on Discord about this in the #general channel. Head over there to read it. Business/foundation structure: Many of the team wear multiple hats at the moment. It's very much all hands on deck, all the time and make no mistake, this project has been bootstrapped from the get go. We made a strategic decision not to do an ICO, and that has been a blessing and a curse. A blessing in that we've avoided many of the legal and compliance hurdles that a lot of the ICO projects are currently experiencing, and this has put us in a good position with regulators, potential partners and the industry in general. A curse in that we're just all so freakin' busy, and would love to have more resources but can't allocate any funds towards that right now. Once we launch and have some funds flowing in, we'll be hiring more people on both the development and commercial sides. A more formal internal structure will result from that too. Investors/coin holders: "Now, in the crypto space, we're not called investors. That would implicate the coin being a stock and we're investing in a company. In the crypto space, we're strategically called a "community". You and I both know we're investors. And, as investors ( or a community) I think we're owed a certain level of professionalism as well as a certain amount of information." This isn't true and I'm going to be completely blunt here. CasinoCoin never did an ICO and has never solicited investment from the public. As such, the CasinoCoin Foundation has never financially benefited from anyone who has purchased CSC on the open market, and you're not owed anything. If we did an ICO, a reasonable argument could be made that the project has certain responsibilities (legal or not) to those who participated/joined/invested/committed to the project financially, but that is not the case here. While you may have purchased CSC as a speculative investment based on various factors deemed to be important, it's not the same as an 'investor' in the traditional sense. Please don't get me wrong, the CSC community is absolutely important for the project but should be viewed more as promoters and supporters rather than investors. I believe our community here and on Discord are amongst the most enthusiastic, passionate and friendly of any crypto community today, and we love it. The value you guys and girls add is by spreading the word about CSC on social media and forums, educating newer members and even generously tipping them. It's taking the time to proactively email crypto sites to update their CSC info, always asking team members "how can we help?", and even designing custom Nike CSC sneakers. These are the things we, the CSC team, value from the community, and in exchange, we offer as much info as we can about the project, from time to time will run community promos, and do semi-regular fireside chats as has been requested of us. We're not perfect, mistakes will be made, but we believe, as many of you do, that we're building something with great potential. So stick with us!
  3. 18 points
    about that time again guys.. not the most computer savvy guy lol but i tried to show my artistic skills a bit 😉
  4. 16 points
    be nice lmao i never liked public speaking lol
  5. 16 points
    1. Well, it is more a test of how crypto fits in general. If there are issues, which I can't imagine right now, I am sure we can fix them as we go. The interesting point would be what sort of issues we are talking about. 2. In theory, we could go live tomorrow. 3. Personally, I think it will show that we exactly deliver what we promised 🙂 4. We have some internal QA but we also preparing the test with a well-known Lab to get it tested and certified. 5. Yes, they do. Any sort of management or protection is up to the person who runs it. 6. I am currently working on a new set of tests to give real numbers and a projection on scaling. 7. This depends on the jurisdiction we talk about. Also, the test doesn't mean automatic approval. It is to learn how crypto fits into regulated gambling and it will be an interesting time while the test is ongoing 🙂 You should submit the question for the FS as well, some would fit better for @John Caldwell
  6. 14 points
    As everyone knows we didn't release the video of the FSC from Malta and John made a good statement about why: As we do n ot want that information to be lost, here is a transcript of what had been asked and replied. I did cut out "jeah"'s and "yes"'s so its easier to read. Also the introduction and waving hands is left out 🙂 Donna: "When can we expect to see an updated roadmap? I understand things are happening behind the scenes, but from outside or to someone knew who isn't going to join discord or cscchat it seems like nothing is going on?" Ash: That’s a good question and it’s why all of our team are here. Over the last few days we’ve had some really good discussion over it. Some heated, some fun. But hopefully, you’ll see an updated roadmap in the coming weeks. As with any small team, we can’t do everything at once, so we’ve been figuring that out. Now, I think, as a team, we have a clearer idea of the focus over the next three to six months (at least) and that will be shared with the wider community in time. Is that fair? John: That’s fair. The most heated discussions we’ve had over the last few days are roadmap discussions and talking about the future, so I guess in some ways that’s what you want. Donna: So, next question. “Will the foundation help operators fund their initial bankroll to begin? If yes, how? If no, then how do they expect them to do so?” John: The operators, like any other vendor, would have to have a stock and supply, and there are many ways to handle that. It is possible that we may provide some type of private insurance, almost against some sort of crazy volatility, but the operators have to fund their own accounts. I think at the start, everybody’s pretty comfortable with where everything’s at. Donna: Next one is for the tech team. “Will CSC coins also burn every month like XRP?” Andre: Until now they have been burned but we will bring them back to life. So, in the end, when our CRNs go live, all coins burned up to that date will be reimbursed to the network - everyone running a CRN will get a share. So the first CRN round might be pretty interesting because it will take all past burned fees and pay out as a one-off. John: CRN stands for Community Relay Node which we encourage you to read up and investigate about. But the short answer is we’re redistributing them back to the community. Donna: Next question to John, Duncan, and Andre. “To John, Duncan and Andre - Where do you see CasinoCoin in 6 months from now? (In terms of operators using it, ease of buying and selling, regulatory bodies that have accepted CSC etc)?” John: So, I suggest we start with Duncan, you start with a beautiful sunny picture, and then I’ll rain on that! Duncan: Where do I see it in six months? Ultimately, CSC being used. I envisage seeing the coin, first of all, used in a crypto play basis, for example, playing in CasinoCoin. Secondly from a fiat basis whereby players will use CasinoCoin as a vehicle in order to be exchanged into fiat, played on fiat casinos and exchanged back again. If you look at the majority of other cryptocurrencies today, you have long confirmation times and high fees. CasinoCoin fixes those issues. So, we’ll be working with partners that address both these use case examples. John: Yeah, I think I see two to four operators in several jurisdictions using the coin and CSC growing larger. Donna: Now to this one. “I like that you guys are doing the community spotlight, but instead of those how about create some tutorials, videos, and topics around CSC tech.” Mo: So, I know many people have been waiting for that for some time now and we have some tutorial videos, they are fully completed and we have more videos currently in the works. So, pretty soon we’ll have a lot of videos for everyone whether they are new to CasinoCoin or not, they should be very helpful. Luke: We’re working out an important plan re: "educating the community", it’s something we’ve discussed at length today in the meeting. Not just crypto education for online games but also casino education for crypto people. John: Mo is the kind of guy in our team that, I’ll use a baseball reference, which of course no one knows anything about baseball here on our team... Mo can play shortstop, second base, catch, pitcher, little relief, whatever, so everyone winds up throwing up everything on him and so the videos have ended up being pushed back. Donna: Okay. “Assuming online integration, how difficult will it be to parlay that into land-based adoption?” Duncan: We have a plan, and that was discussed today as well. So, you’ll start to see information about that being released shortly. But right now, let’s focus on CasinoCoin online and its interaction with regular casinos / payment processors etc, and also utilising BRM. John: I must say, though, that the two aren’t necessarily related in a sense that our land-based plan has very little to do with online. They’re two separate systems architected as such, and so I think the land-based thing is actually a bigger opportunity but I also think it’s going to be a longer road. Luke: And we just really want to get the online product released to the world. Donna: “Once testing in the sandbox starts, how long will it be before we know if there is positive or negative feedback?” John: Five minutes. No. But pretty quickly actually. I think it will be an evolving thing, right, but it will start slow, there’s no question about it. The sandbox by definition is confining, you can only play in a certain area, and so I think it’s going to take some time but I think the feedback as we release the product, will probably start coming in pretty quick from early adopters. Donna: And the idea is that the MGA / Malta will adapt as they go along as the sandbox rolls out… John: Yeah, exactly. So, one of the things that we talk about with our operator partner is that we’re sort of getting in there and working it all out, together, right? So we’ll get in there (the sandbox) and we will take it and adapt it as we go. But, we’re ready. Luke: And it’s the first jurisdiction that’s ever held any type of crypto gaming regulatory tests, right? So what we’re doing is completely new to us and our partner, and anyone else who’s attempting it. So there’ll be a lot of, maybe not a lot of chopping and changing, but we’ll be learning a lot right throughout the whole process. John: Absolutely. It’s a brand new thing, guys. Anytime you’re doing anything new and kind of, sort of pioneering, it’s going to be a learning process for sure. Donna: “Will MGA approval apply to operators in MALTA only? If yes, what about Australia, Europe, USA, Canada etc? Can operators outside of Malta legally use CSC?” John: There are specific jurisdictions that the MGA operates in and that’s where this test will start, and so, we’re going to work in specific jurisdictions that are ready and start there, and work outward from there, and that’s just the way it’s going to start. One disadvantage is that we simply can’t service everywhere right, so it’s got to start in a focused way. Donna: “Does casinocoin comply with the jurisdictions of the operator's country or end user country. For example, I live in lebanon and I want to use operator x (registered in Malta) who uses casinocoin as a payment method. Is that possible?” John: Well, yes. It’s the territories Malta works under so this particular person that wrote this question is from Lebanon which is not a regulated place, so I don’t believe that Lebanon would be under MGA auspices. Donna: “To John - You mentioned in the last fireside chat about the possibility of a second initial operator. Is there any update that you can share on that?” John: At this time, no. Donna: Just on this conversation, this question is relative "Do you expect other jurisdictions to garner regulatory approvals easier, after Malta gives CasinoCoin a thumbs up? Or same process all over again each time?" John: Short-term, no. This might be medium-term, for sure. John: The processes will become more defined. Other jurisdictions are having a look and they’re going to see what really works well, adapt it, and going to see what didn’t work so well and point fingers and go ‘that was them’ Andre: So, you think the same is true for technical parts? It’s like lessons learned and… John: Yeah. Well, I consider project-wise, technical, commercial, it doesn’t matter. The same sort of issues apply, right? Luke: And you’re going to see the same also for operators; there’s some interest but no one really wants to be first. John: That’s right. Luke: They want to see that it works rather than being the guinea pig... but we’re grateful that we’ve found someone who’s willing to be the guinea pig. John: No, no, no. We found someone who’s awesome and willing to take a calculated risk, and we really appreciate that. Donna: “So, can we tell, can we say anything about any other parties, companies involved in the sandbox testing environment?” John: We can’t. First of all, we don’t know, right? Because they have their discussions with the regulators, other partners. We’re privy to a couple of the larger other cryptos. We don’t necessarily consider them competition because no one’s doing what we’re doing, and we know that at the moment, they don’t have large operators on board and so we we’re assuming at least initially, for better or for worse, and until we hear differently….we’re it. I want to be proven wrong there because I actually think more people working in it will lead to progress and quicker expansion. Andre: Competition breeds innovation. John: That’s right. and competition also leads to progress, right? We believe what we’re doing is the right path. Donna: One for Daniel. “How will the handling of applications for the CRN be handled?” Daniel: Will be the same way as we did it for test applications, so you have to fill out an application. Just fill out the form, go through KYC, and we will review the application, and then you will get a message. Donna: And on that, Daniel, “how will we handle people who want to stop running a CRN?” Daniel: You mean if someone wants to exit? Donna: Yeah. Daniel: If a node is not active for 7 days it will be automatically kicked out. If you don't want to run your node any longer, you can also send us a message so we can free up your slot. Andre: So, to clarify from a technical point of view, we will do some regulatory checks on CRNs. Things like - if WebSockets are open / if they are secure, and all kinds of basic checks and if you no longer comply, we’ll simply deactivate your node. You can also just remove the coins from your linked account and your CRN will be deactivated anyway. Donna: Also, just to clarify. All CRNs will need to be approved by the foundation initially. Donna: And final question “Can anyone confirm if the Maltese government has maybe in some ways introduced us to other parties to work together?” John: Yeah, I wish. No, that’s not appropriate. The government doesn’t do that. It doesn’t work that way. They don’t, they’re not in the business of playing favorites, which is what an introduction would be. It’s up to us to present that. In fact, we’re presenting them with our operator partner this week, and so it’s up to us to make an appointment with them, knock on the door, shake their hand, tell them what we want to do, work with them, get their feedback, iterate, and so on, and so on. Daniel: Can we tell the community when they can expect any sort of announcement? John: We don’t know. I think I was hopeful - just to be very open. We were very hopeful that we’d have an announcement on this fireside. But, it’s not done. Once we sign the contract, the PR’s ready, both parties are ready, we’ll have one announcement. The initial operator will follow in short order, that's what we hope anyway and we just have to see how it goes. Donna: Also, just to say with the announcements, it’s such a long process in terms of releasing the PR and getting sign off from the many different people involved John: These are big corporations that are taking what they perceive to be a risk and so that makes it complicated Duncan: But at the end of the day, at least you know us. We are not going to release anything until it is a fact.
  7. 14 points
    I know there is an open topic but I am losing track and I would like to use this thread so I can link people to it. 1) As Cfinex is closing we worked on a solution. And yes, we found one. I will keep everyone posted. It's currently on my top priorities. Keep in mind that NLExch and Bitflip are still there. 2) NLExch is updating their platform while I am typing this. They also will start to improve their UI once the current update is done. We had a call with them. 3) Login/Withdrawal Issues Finex: Logins have been fixed and I just did a test deposit and withdrawal. Both worked fine (deposit was a bit slow) Deposit: https://explorer.casinocoin.org/tx/D60A552F138694B409BC2F5CD2AD1B127B3DF256F4F44A8ADDBCC3FAFF9BF1EB Withdrawal: https://explorer.casinocoin.org/tx/66552C2609EA00401883D2EA8FD1FB9FC4D568E9DEF7E13110D2CBEDD7BB1AEC 4) Cfinex Explorer Balance vs Orderbook: We are aware that the finex wallet is down to 40 million coins, by the time writing this, while the book shows 200 million coins are up for sale. There might be a second or cold wallet. However, I did send them an email to address that. Once i hear back about this i will edit THIS post. EDIT/UPDATES: Halibit confirmed that there is a cold wallet https://explorer.casinocoin.org/address/chiFZcvtyj7iV5XmQqthQ9dPJ3tdx89oCm NLExchange is back up
  8. 13 points
    just had a little fun with comparing some targets.. got some more video ideas coming down the pipes..
  9. 13 points
    Musings on CSC and why I feel it will hit $1+ I have expressed these thoughts on Discord and twitter over the past year so this is my attempt to combine them into one post. First you have to understand what drives the value of traditional crypto. Transaction volume coupled with FOMO/FUD. Generally more transactions the higher the price goes. Yes I know this is a gross oversimplification. The primary individual’s currently driving the transaction volume is Traditional Crypto, buyers/sellers and miners. The primary driving factor is FOMO or FUD. The exceptions to this currently are, XRP and CSC. XRP has transactions generated by real world use in the Banking system. CSC will have transactions driven by Gamblers sending/receiving funds to Operators/Processors and operators/processors buying selling to maintain stock. Operator = iGaming, Land Based, Sports Betting entities. Processors = Money Changers used by Operators to comply with local/state/country laws for AML and KYC. Edited to clarify: By Transactions I am referring to Buy/Sell transactions on exchanges. CSC Transaction Volume Generation: Gambler/Processor/Operator: The majority of the Transactions will be done by Gamblers/Operators/Processor. Average Gambler spends US $350 a year on gambling with approximately 1.6 Billion people gambling every year worldwide. If CSC captures even .005% of that market the volume of transactions is mind boggling. (2005 study by Washington University) Value of CSC will have no effect on the volume of transaction because these users are using CSC for a function not an investment. Traditional Crypto Investors: Traditional Crypto Investors are the current people mining/buying/selling crypto. The volume from traditional Crypto Investors will increase once the FOMO hits after seeing what BRM is doing. Outside Investment: Then there are the new players, Goldman Sachs, NYSE, etc, etc. The amount of funds that are going to start being poured into Crypto in general is staggering. It won’t take long till they start looking at Alt coins. CSC Foundation (and Ripple) has a business model that is easily understandable to non crypto investors and would give them an investment comfort level that will make CSC very attractive to Non Crypto investors. If you combine these three groups the volume of transactions on the exchanges will be phenomenal. All of the transactions will be facilitated through exchanges. Foundation is only sitting on approximately 8% of coin supply. So why do I think CSC $1+ in 45 days of BRM go live. 1. I anticipate an announcement on who the operator/ processor is before go live. 2. Sandbox will be done with live CSC and real gamblers/operator/processor actually gambling. So this will cause transactions to have small bump, but more importantly a FOMO bump in Crypto community. We need to facilitate the FOMO by starting our community promo push at this time. So I anticipate a slow rise in price during sandbox. 3. Completion of sandbox should cause some FOMO. 4. Go live of BRM. At this time the Operators/Processors/ and Foundation will start their promotion campaigns… Also community has to go into overdrive with their promotion of CSC. Only issue I can really see is if a couple of the Whales start profit taking, which would slow down the rise. I think once it starts to rise they will hold bulk of their funds because no one wants to be the BTC pizza guy… 😉
  10. 13 points
    MGA Sandbox Environment I did some digging and came across the official report that the Malta Gaming Authority is using for the sandbox environment that is currently underway. This is awesome because I feel like we can safely assume that a lot of what we see in the future from CSC is going to fall in line with the expectations and requirements that the MGA has set forth. After reading through the document, there were several of my questions that I asked previously to the forum that were answered. I think if you're truly interested in the CasinoCoin project, this is definitely a good read for you. A few notable mentions from the report that I thought were particularly intriguing: - The consulting period is open through April 30, 2018 at which point they will issue a final version of the sandbox environment requirements. - MGA Sandbox will run for 6 months, beginning in Q2 2018. Because we know that it has to start after 4/30/18, but definitely in Q2 2018, that gives us a rough idea of the end date (sometime between 10/31 and 12/31) - The MGA will require that the Virtual Currency (VC) has an available exchange for Fiat/VC exchanges. My guess is that CasinoCoin is going to utilize their BRM to fulfill this requirement as opposed to an actual exchange. - The MGA wants to see a VC in use that will increase in value. They don't want just any crypto that can do the trick. They want to see a coin from a company that has a plan for an increase in total market capitalization. Since the majority (if not all) of us are speculative holders, that's great news for us. It shows that that CasinoCoin has already demonstrated to the MGA a plan to increase overall value. - MGA wants to ensure that there are incentives in place for those running nodes. Having incentives in place is nothing new for the more technological advanced members out there, but some of the newbies may not realize this is a thing. - You can't gamble with both fiat and VC in the same session. - The MGA has already considered volatility and really doesn't care. This is a big one for me... I even made a post about it. But it seems that the MGA has already taken volatility into consideration and they don't mind it. As long as there is an available exchange rate that can measure the volatility in Euros, they seem to be okay with it. - The MGA requires a system that can track and log all fiat/VC exchange rates. This is actually in place to ensure that players aren't depositing more than their maximum thresholds, but could serve useful in the future if CSC decides to include tax based reporting for users. - Individual transactions using VC (poker hands, slot pulls, etc.) are actually based on smart contracts. This makes sense after hearing it, but wasn't something that I really considered. I wonder if CSC plans on running these on the Codius platform??? The report itself is relatively short (around 20 pages) so it's worth giving it a read!
  11. 13 points
    @RonSwanson Thanks for the effort. We think the rules, etc will become clear in the very near future. Some of the stuff you write will still apply, but some may not. I have been long on the record saying the technology as it exists today (important!) will not support micro-transaction events (ie: games with frequent fast moving RNG determinations) - certainly not on-chain. I still haven't seen an off-chain solution that I deem practical, tho I admit my head is buried in CSC on a daily basis. Everyone hang in there, and we should be riding soon. 👍
  12. 13 points
    Hey all Matthew here, I'm a Technical Adviser to the CasinoCoin Foundation and have been involved in the project since 2013. I'm 24yrs young living in Canada, and currently working full time as a software developer.
  13. 13 points
    No marketing, either, so no real speculation, yet. The first wave should be driven by both adoption pressure and speculation pressure. The adoption pressure will bring FOMO from operators. They need to get in early enough to offset future losses for pennies on the dollar once the price appreciates. If they buy CSC @ $0.001and it goes to $0.01, then their payouts are booked at 1/10 their cost. Once CSC goes to $0.005, they will use the same logic again and accumulate more. Vicious cycles of FOMO. Speculation pressure will be driven by every single crypto trader/hodler seeing exactly what we all see. A well-connected team with a functioning project that has a real world usage, no ICO, and an expanding market. CSC is available for pennies, and everyone who missed BTC/XRP/ETH, sure as shit ain't gonna miss this one.
  14. 12 points
  15. 12 points
    Just a quick note to say a big thank you to @honeybyte for starting the original CSCChat site and his willingness to work with @CarloRossi for the development of this beautiful site. CarloRossi great job mate. No one will ever know the money and time you have personally invested in setting up this site. Congratulations. This is the start of a massive increase in the CSC Community and eventually a major increase in the coins awareness and price. We are all indebted to both of you.
  16. 11 points
    I would like to share a few things about the BRM and found the set of pictures we released for ICE Totally Gaming 2018. This is from the first demo. Please keep in mind those were very early ones and the look and feel of the BRM developed over time. The pictures in this thread were used to showcase how it works at the exhibition. (not including KYC via Jumio due DRM 😉 )
  17. 11 points
    Hear me, Hear me everyone! Wallet version 4.1.4 about to be released and available via auto-update in the next minutes! Keep restarting those wallets! Incredible changes were made: - Removed connection check from wallet setup (Offline account creation now possible) - Added forced key export after setup and account creation - Added wallet debug mode - Added key export after new account creation - Added CRN transaction support - Added signing and verifying messages - Fixed closure bug when quitting from login [X] - Fixed transaction fetching after account selection - Fixed menu hiding after hitting ESC - Fixed "less than 1 satoshi send" bug - Upgraded dependency packages for security vulnerabilities - Changed Notification mechanism changed back to OS default - additional smaller fixes and enhancements RPM link will be updated in the next minutes, meanwhile https://download.casinocoin.org/download/4.1.4/linux_64/casinocoin-wallet-4.1.4.x86_64.rpm
  18. 11 points
  19. 11 points
    I would agree. Not FUD, since frankly no one nows how the market will respond. My estimates for end of year are between $0.005 and $0.35. I am an optimist and lean toward the latter, but I wouldn't be surprised by the former. The main difference for this project is that it is built on real world use. Once it starts to get used, it will start to gain steam. The question is how quickly that happens. If the sandbox doesn't excite other operators to get on board, then it will probably be a slow climb. Personally, I am invested because I see FOMO as an integral part of gambling and crypto. mix the two and you have a deadly cocktail. Especially, when there is a real project with a real team using a real product to solve a real problem. That being said, we NEED perspectives like @MegaNerd to keep us consistently analyzing the project and making sure we try to stay as grounded as possible. For example, here is how i see my prediction paths: $0.005 - the sandbox gets delayed again, the announcement doesn't excite the gambling community when it happens, the foundation continues to hold off marketing, Skill or another payment processor starts to gains significant market share and solves the delayed transfer problem. The land-based project breaks down, and the team reorganizes. Simultaneously, BTC drops down into the $4k region and the bear market extends out through to next Spring. $0.35 - Everything goes right at the same time. The sandbox opens up the market interest, and CSC get rapid adoption across the market. 200-500 operators integrate via platform integration (buying payout stakes) and we leave the sandbox early. The land-based integration goes Beta with test cases in Malta. Binance partners with CSC (via Malta connections) and is integrated as their main backend exchange for payment processors, BRM allows instant CSC transfers from/to Binance. All 5 of the largest operators announce plans to join, thereby buying payout stakes. BTC breaks $8k then runs to $35k. CSC is riding on top of the largest Hype train in history. Which will happen? Who knows? But either is totally possible. I am a firm believer in crypto over the next 2 years at least. But if everything goes to $0 I will be OK. Plan your life around that, and whatever happens is good. (or own a small island great)
  20. 11 points
    How we doing? As of August 27th 2018 @ 8pm EST: 182 Members 76 Most Members Online At Any One Time 1709 Posts That's pretty amazing in such a short time and for a DA only on 1 or 2 small exchanges. GREAT JOB GUYS!!! YOU"RE ALL AWESOME. I know the foundation and the team behind CSC have been working away at networking, building relationships and developing the BRM and the network of validators. They've been working on building this for years... not just the last 6 months. And many of the Discord community members have been along for a lot of that time too. So, the CSC Chat community can help out too.... Let's all tell a friend (or 7), tell a colleague, do a tweet, share a post on social.... By EOY I fully suspect, like @jasperlite and @oso had also stated (and @oso had bet!!) - we will see huge increases.... if not by then, soon after. I'm in this for the long haul, so it really doesn't bother me where we are by EOY - but I feel great about this investment choice and the potential here. GO CSC!! Let's get the word out and get some new members here!!
  21. 11 points
    For some people, videos are key to learn new stuff. Here's a list of supportive videos on how to manage stuff related to the casinocoin software and third party applications: 1. Official CasinoCoin videos What is CasinoCoin? Fireside Chat - Ashish Fireside Chat - Andre Fireside Chat - John 2. Desktop Wallet This is a channel with lots of instructional videos on how to use functions within the desktop wallet https://www.youtube.com/channel/UCUs6OObqSl0fBA-n2A_aeqA 3. CasinoCoin Tipbot Withdrawal of your received CasinoCoin tips https://www.youtube.com/watch?v=4rEzW9SePx0
  22. 11 points
    Hello Brothers! I know that at this moment CCFoundation is facing some trouble to get listed on big exchanges due to fees or lack of volume or any other reason. Now, we have seen a whole new wave of New Exchanges listing XRP as a base currency (DCEX, Bitrue, UnoDax, etc.) and I see a very very good opportunity there. The majority of those pairs are low volume coins (KNC, WTC, QKC GTO, FUN, ZIL, and a lot more), and I think those Coin Organizations are expecting to grow with that new XRP Market. At the moment, those exchanges might not have a huge volume, but as XRP Pairs take a good piece of the cake on the trade markets, all those new/low volume coins will be in a very good position, so I think its a very very good Idea to try to reach an agreement with those New Exchanges to list CSC/XRP. What to you think @Daniel Keller??
  23. 11 points
    So, I can resurrect my thoughts on this. ------------------------------------ Caveat: Let me begin by saying this is absolute speculation. I have absolutely no inside knowledge at all and this could be off by 10000000%. Please don't use any of this information to make buying decisions. I am as ignorant as anyone else not in the foundation. End of public service announcement. ----------------------------------- When i started this adventure, there were two ideas I had about pricing: the size of the market, and how CSC acting as a currency affects it. Online market - iGaming The size of the online market alone by next year should be around: 50bil. By next year we should be out of the sandbox and have several operators, I would assume 2-3 of the largest, and be integrated into 3-4 of the largest platforms, meaning we would be available to the majority of the regulated market. That doesn't mean we will be utilized by the majority, just that the technical capability to use us will be available for any operator who wants to turn it on for their clients. So, to me, we will be used in maybe 2% of online transactions. that is around 1.2 billion of transactions, or 100 million a month. So, part two comes into play. How much CSC is required to maintain that amount of use? I have struggled to figure this one out for a while. But there are two main sinks for the real world use of CSC: players and operators. How much do all players collectively need to have in order to lose 100mil in a month? How much must they hold relative to the amount they lose? Do most people lose everything they bet? I don't think so. I think most people only lose part of what they bet, or else they would stop gambling. My wild ass guess is a 3:1 ratio on average. Why? Well if I lost $100 of my $200 stash, I would either stop gambling, or top up before going to a new casino. That is the science behind this. Since most gambling is done on a daily basis, then the ratio would affect the daily burn, not the monthly burn, or 1.3 million. So, the players would be holding 5 million worth of CSC. How about the operators? Well, the operators are legally required to hold enough money in their account to pay off all bets they currently offer. That means that is things had a crazy streak, they have to be able to pay off everybody at once. How much is that relative to the amount they make each month? Another question I don't have the answer to. So, another wild ass guess. Slots by 93-97% on average but can have huge payouts. Table games are much better for the house, but have much lower requirements in terms of holding needs. Lets day slots represent 1/2 of the income above and 90% is paid out, that means 2 things. First that about 1.5million is being paid out each day in slots. Two, that at worst they would need to hold 15 million to cover that. Some payouts from slots are low variability, but the payout are usually a large percentage, so I am letting this cancel each out. Basically, I am guessing that in the end, the operators, have to hold around 25 million. So, that makes 30 million of value in actual use. Excluding speculation. Land based integration - Casinos I don't think land-based integration will be achieved by then, but I do think that we will be in the testing phase. The how will be pretty much known, maybe even the tech developed, but we will be waiting on regulation. We might be available for use with one or two of the large tier operators who also run land-based casinos in a limited way. The total gaming market will be around 500bil at that time. Speculation - the game behind the games Finally, the last two things to consider are: most coins will still be held, and people will speculate (dare I say gamble?) on the value of CSC. This is where the true wild ass guessing comes into play. If only 15% of the coins are fluid, 6 billion, then the value in use alone is $0.02. While casinos may only HAVE to hold the amount above, at some point they will accumulate to make sure they can payout at lower valuations, betting the price will increase, reducing their costs. Crypto speculators will be all over this: working product, new field of growth, proven team. people will be making bets. XRP will have proven that the tech works for banks, and people outside of the normal crypto channels will be interested in seeing what the XRP of gambling is all about. Smart money will hedge their bets with a bit of CSC (same as the Zerppers are doing now) Players will also see the trend and accumulate so they can gamble more for less, and tell their non-gambling/non-crypto friends as they see the value go up. This is the slow climb, driving further adoption and market domination. Therefore, I see a strong adoption curve underlying spikes of speculation. Gamblers gambling on the price as a game. And more and more people playing. So, for the reasons above I see CSC holding a base of $0.15 by next year at this time, and have the ability to spike above $1 if conditions are right due to speculation. Finally, I will reiterate that all of the above is totally wild speculation. There are logical arguments for CSC to remain below 100 sats by next year at this time as well, which I can totally understand. So, the question is really one of faith. How much faith do you have in the product, the market, and the team? I think the product solves a real problem in a real and growing market. And see @pyeball's comments above to get a sense of the team and their advisors. Just my 2 cents...
  24. 10 points
    @pyeball the language and abuse is not necessary please stop.
  25. 10 points
    It’s been said many times by members of the CasinoCoin Foundation that they are working with a well known Internet Gaming Company who is very interested in the sandbox testing of CSC which is about to commence. We don’t know which company that is but as CSC investors we are obviously very keen to find out. So who do we think it is? Probably the easiest place to start is the recent announcement by the CSC Foundation that Lydia Barbara Head of Innovation at Microgaming has joined the Foundation’s advisory board. https://casinocoin.org/casinocoin-welcomes-microgaming-head-of-innovation-lydia-barbara-to-advisory-board/ Who is Microgaming! (From Wikipedia) Microgaming Software Systems Ltd is a privately held Isle of Man based software development company which claims to have released the first genuine online casino in 1994.[1][2] The company is one of the leading software providers to the online gamblingindustry. Online casino operators such as the Carmen Media Group, Fortune Lounge Group, 32Red, and the Palace Group are among those who use Microgaming's software. The standard online casino powered by Microgaming has over six hundred games including slots, video poker, blackjack and roulette. Microgaming provides its casino games in download or Flash versions, in recent times there has been a shift to releasing games in HTML5 to ensure cross-platform compatibility. The company offers a number of progressive jackpots through their interlinked network of casino operators. Some of these games are developed by Derivco, a South African-based game development studio. So they are a pretty big deal! It’s not hard to connect the dots to speculate that Microgaming is the internet gaming company working with the Foundation? I don’t know for certain but it’s fun to speculate. But what about this to add a little more spice to the speculation? I live in Australia and a very good friend of mine (yes I am serious) is a heavy online gambler. His favourite sites to gamble on were Microgaming powered sites. Unfortunately for him and me (I used to love online poker) the Australian Government recently banned online gambling. My friend was very distraut by this and was in contact with his gaming concierge about whether the site would soon consider accepting Bitcoin as payment. This way he could continue gambling. The answer was no “but there is something exciting coming soon”. I wonder what this could be? Could it be confirmation that Microgaming will soon be accepting CSC? Maybe not but as I said it’s fun to speculate. I’ll let you read into this what you wish but to me it’s pretty exciting. The news from my friend’s concierge may have nothing to do with CSC. Even if it doesn’t surely it’s not a stretch to assume that the internet gaming company that’s working with the Foundation with the Maltese government waiting on the CSC sandbox testing results is Microgaming or an affiliate. The online gaming industry is growing rapidly. It and it’s players are screaming out for a better payment solution. To me CSC has a great chance of being that payment solution. If CSC was to get adopted by Microgaming . . . . $0.0006 today - who knows maybe $1 tomorrow? Its fun to speculate.