Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][ICO] SKINCOIN - CRYPTOCURRENCY FOR eSPORTS INDUSTRY
by
johnsmith1023
on 20/06/2017, 07:23:12 UTC
Quote from: babskley on June 19, 2017, 11:23:21 AM
Quote from: johnsmith1023 on June 19, 2017, 11:05:37 AM
Quote from: babskley on June 19, 2017, 10:58:27 AM
Quote from: johnsmith1023 on June 19, 2017, 10:12:24 AM
Btw what will happen if Valve shut down the item market based on the lawsuit you refer to in the white paper?

All is lost?
I'm very appreciate that you registred on Bitcointalk to write in this thread, but I think you don't get the idea Smiley. This market will live anyway as we going to change skins turnover to SkinCoin. If you are in business, you have to understand that no one site will close with such loyal and huge audience, they will found new way - and this way SkinCoin.
If you asking about technical details, you can check our current projects in this area. We have great back-end and UI/UX design for all of them, cause we know how to develop it and be friendly for ended-users.

p.s. Honestly, it seems to me that you are one of those who understand the real potential of this idea, but regrets that this market will not be changed by him (due to lack of resources, skills, team, development).

Yes, I understand this market and this is why I would not want to hold millions worth of skins on behalf of someone else. If Valve risks losing lawsuit against Washington State, they might be forced to agree to close the APIs. What then? I think that won't happen, but it could.

My questions are really about the skincoin itself--  How will the skincoin work? Will it live on the ethereum network? Who will cover tx fees? Will you charge tx fees? How will your bots work? How can skincoin owners know the underlying asset - skins - are actually there?

I got you. Steam API don't needed for Skincoin transactions. Skincoin live on the ethereum network. Tx fees will pay to ethereum miners, who confirm all transactions in ethereum network.

No you don't.

I was about to leave this topic alone, but when you don't understand that the Steam API closing = all assets gone = potentially worthless coins, there's no way you have done a proper risk analysis or considered what will happen should Valve be forced to close the item market.

*I* could see the coin continuing to live a life of its own with people buying SkinCoin using other crypto and having that become a de-facto CS:GO casino currency, but your lack of understanding is shocking when you want to raise millions.