Quote from: jl777B on September 27, 2017, 07:50:31 PM

Quote from: Coinchange on September 27, 2017, 07:40:39 PM

Quote from: ptytrader on September 27, 2017, 07:16:37 PM

We plan on using Chips as the token for online gambling since it will make use of Bitcoin's LN. What's interesting is that there was no marketing, no ICO, or GUI wallet. It was launched and has taken off by itself. The hashrate is enormous. It's proof how the community takes something and runs with it.

First real LN usecase ?!

I think so. I had the realtime betting mostly working with an earlier rev of the LN code. I rebased to the latest but have been too busy with barterDEX to make much more progress with the privatebet side of CHIPS.

but its just a matter of getting some coding time to get it back working again.

I also got feedback from the cryptographer regarding the decentralized shuffling, and I cant disclose all the details yet, but it seems the market is anticipating something significant and I wont say it isnt. I asked for a math paper to be written based on the code I wrote and it turns out to have a lot more math in it that I realized.

Anyway, the process of getting a peer reviewed published paper will take 6 months or so, and realistically so will getting some sort of playable demo that has a GUI. So there isnt anything here in the short term. Just a fun old school purely mined coin with volunteers.

But I designed things so that when barterDEX is stable with the SPV electrums, CHIPS is already supported, so it can be directly atomic swapped with any other supported coin. And we could also use the Agama wallet if somebody ever figures out how to build windows and osx versions.

So without taking much (if any) of my time, we might actually get cross platform support and GUI wallet. And sometime next year we should have the first demo games.

CHIPS incorporates the LN functionality but also the decentralized shuffling and will support plugging in game specific statemachines that would publish an api port for that game, which a game specific GUI can use. Which means CHIPS and LN, wont be just for poker, but for any game that needs a crypto secured random number(s) that is verifiable in realtime.

Hmmm... Maybe CHIPS mania isnt so crazy after all

and remember CHIPS is part of the Komodo Platform and provides these powers for KMD, in turn, people can do things like get total privacy using JUMBLR, in case that is desired for their CHIPS winnings.

CHIPS -> barterDEX KMD -> JUMBLR -> barterDEX BTC and you would have totally unlinked BTC from your CHIPS.

Making easy to use GUI for such a long chain will be a challenge

I mean Pangea has 312.1 BTC in it's holding, so that alone will help raise the price. Plus a truly private system for betting. Plus the project is associated with the Komodo Platform that will allow for other developers building betting systems to enable Chips in a plug and play way. Fun fair is worth $100M and hasn't launched really anything that amazing yet (they aren't even focused on Poker type games), so it's a bet that the technology here in the long term will win. Not that crazy for a project from the lead dev of Komodo to increase in value :p