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Everything posted by Ermac

  1. https://www.cryptogamblingnews.com/egaming-fund-exclusive/
  2. https://www.intellectsoft.net/blog/blockchain-in-casino-industry/
  3. I know everyone is keen to get some insight into the meeting in we had on Malta. So while I am stuck at the airport I figured it would be a good use of my free times and type a few lines about the last days. I don't think there won't be a blog post or any other type of summary, this is not an "official" statement but still should give you an idea of what is going on. However, I won't go more into details besides what I am writing here. Monday was some sort of meet and greet. Some of us were already on the island, most arrived that day. Usual chit chat, nothing special besides some meetings that were set up for the day. As you guys figured out very quickly, we had a conference room at the Chiliz Blockchain Complex. As always we kicked off with some warm words from John and "state of the union" monolog. We went on with talks about commercial stuff like key goals for Q4 and Q1 2020, how to approach and to fulfill them. Commercials got closed by an update around the advisors. We did agree on an action plan and did set KPI's for it. We went on with looking at our Marketing and our key messaging. Basically, this was about how to get our vision out to people and make sure they understand what it is and what it means. There will be some minor changes to the website once Mo is back from his well deserved holiday next week. We all know marketing wasn't on full speed the past 18 months. By this I mean the stuff people usually see on Social Media etc. We will now start to push out more and it already happened with those awesome brochures some people might have already seen. The day ended with a warp up from John about Q1, Q2 and Q3 2019 and how our achievements will play out in the coming months. We did agree on an action plan and did set KPI's for it. Tuesday was all about the tech. We talked about the status of everything that's in development and how the development will look like in Q4. A lot of stuff is at 90% and will be finished and released. CRN's will go live in Q4, we will ditch the Toast form and the new mobile wallet will be released, minor tweaks and new features for the desktop wallet will happen and of course at least four more releases for casinocoind (up into Q1). An internal roadmap has been set and the official pipeline will soon reflect that. We also spoke about the development team which is now home in Columbia and lead by Andre directly. Of course, there has been a lot talk about tokens and how the journey with them will continue. Please keep in mind while we work very closely with every one of our partners, we do not influence them or can release any information about their progress. This is up to them. It is safe to say that Cammegh's token issuance is around the corner and we are looking forward to it. Don't forget: The issuance happens early as the teams need the token live in order to continue their development. We are looking forward to bring more token to the CSCL. I would also like to mention again that our aimed transaction target is 1 million tx per day. But as I said before, I want to see us doing 250k before I get too excited. In addition, those numbers depend on the progress of our partners which means it is out of our hands. As always we had a great two days that were very productive. It's something different to be at the same place than seeing someones face on your screen all day. Already looking forward to the next meeting. Written by @Daniel Keller Source : Discord
  4. https://www.gamblinginsider.com/in-depth/4772/online-payments-removing-friction-and-fraud
  5. CasinoCoin Tokens 1. Tokens can be used by Operators, Processors, Manufacturers and others for a variety of purposes, immutable data, enhanced billing, support services, bet tracking, results tracking, and many others things. 2. The data uses can be customized for each user as necessary and expanded upon when needed. Tokens can only be created by the foundation. 3. The use case of tokens has just scratched the surface with new ideas being suggested all the time on how the Distributed Ledger data can be used. More Tokens will be going live this year. 4. Token users make a onetime donation to the Foundation of $25k worth of CSC, that is purchased on the open market (exchanges). They then continuously purchase $csc on the open market to fuel the tokens. 5. The token fee for each transaction is currently .01 CSC. This will be adjusted as necessary by the foundation to ensure the fiat value of each TRX remains the same regardless of CSC current value. 6. Example @CammeghGaming Roulette wheel sensors detect anomaly. It creates an entry on the ledger and someone at @CammeghGaming on the other side of the world is monitoring the ledger gets a message about the anomaly. 7. The example given is speculation on my part as I don't have any info on exactly what data is being used. Ultimately any event that records any type of data could be transmitted via the ledger (DLT) so the possibilities are endless. Written by @jasperlite Source : https://twitter.com/MarkAFillmore/status/1133769955076444160
  6. You can follow the #CasinoCoin Transactions: https://csc.observer/transactions A little perspective: #BTC does around 300,000 to 380,000 tx a day #XRP does around 500,000 to 800,000 tx a day. #CSC Is looking to do around 250,000 to 500,000 or the teams aim 1,000,000 tx a day. EOY
  7. 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
  8. Ermac

    BRM Photos

    Built with users, gaming operators and regulators in mind, the #CasinoCoin Bankroll Manager application features built in KYC capabilities, responsible gaming options, and provides an unparalleled user experience never seen before in the online gambling space. $CSC
  9. Do you think CSC will hit 0.006 before or near EOY ?
  10. If your an emotional person and are sad about the price of CasinoCoin right now. Remember CSC has just started, it's not even out of the gate yet. Have a little look at what XRP HODLers had to go through.
  11. Ermac

    New CasinoCoin Presentation

    Presentation : https://casinocoin.org/doc/CasinoCoin_Presentation_en.pdf