Quote from: Bluewaffle on Today at 03:13:48 AM

Quote from: ethan_nx on February 26, 2021, 10:40:54 AM

Listen, I'll just have to tell you what I have in mind: I like what JD did - shut down BTC and started their own coin. But I don't think this solved the main problem IMO - whoever admins the site still is responsible for the coins, for the server security, for software etc. If you want to do it right, it's a 24/7 job with alerts waking you up in the middle of night. That's how it is if you want to run a reliable site. It gets better over time as you code matures, you solve most of daily maintenance issues etc.

I am thinking about starting a new blockchain with stakeable coins, but at the same time offering investor and player roles similar to dice sites. In addition to staking you could put your coins in the "bankroll". Players on the other hand could issue transactions similar to "bets" that would win or lose, based on verifiable distributed random number generation.

- The game itself would be a part of the blockchain protocol, so there would be no need to keep data centralized.
- The investors would always have control over their coins (no need to deposit them to any site).
- Investors would gain from both staking and providing coins for the bankroll (with game volatility involved).
- The game would be provably fair for both players AND investors (!!!).
- The blockchain would be fully distributed, no central storage or site. Ideally it would not be "owned" by anyone either.
- For the chain to be attractive I believe some social aspects should be implemented too - user accounts, chat, avatars etc.

It's still an early idea. If we decide to follow it, there will be numerous challenges, but hey, it could be really fun!

It's still to early to talk about ICO, but the idea keeps evolving in my mind and I have started exploring some technical aspects already.

What do you think?

Cheers,
Ethan

Just to be clear though ethan CLAM was not created by doog or just-dice

^

CLAM was created by Xploited (FB's partner) and Creative. Good catch Blue.