Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CHA] Chancecoin, a coin for betting in a decentralized casino
by
superresistant
on 20/06/2014, 05:51:56 UTC
Hi Chancecoin!
I am just learning about the protocol.  So right now the random numbers are coming from the State of New York?  Couldn't hashes of bitcoin blocks  be the random number / random seed for all bets over a certain size, hashes of litecoin blocks could be for smaller bets, and hashes of dogecoin blocks for the next size down.  Perhaps even something like Fastcoin could be used to decide micro bets.
It wouldn't just be the size of the bet that mattered, but the total amount of all bets placed would have to be capped for each pool (bitcoin, litecoin, etc.).  The amount of money at risk for each block would have to be less than what someone would be willing to alter a blocks for.

How does it work ? Multiple blockchain ?


Is there any strong opposition to moving to a faster blockchain?
Would Dogecoin be the best blockchain?
On a related note, this might not completely solve the issue, as it seems that the NY Lottery numbers have been slightly delayed recently, which also contributes to the slowness, so we may still have to consider other sources of randomness.
What about PoS cryptos, like NXT or BlackCoin? Both of them feature very fast confirmation times.
As per randomness source, I recall there was a discussion about Cha origin in some place (where NY was criticized as possible, albeit unlikely, to be manipulated), and some natural sources of randomness like seismic activity were suggested.


Yes I am for Nxt if it is possible. The Nxt devs aim to have the fastest transactions of any payment system in the world. Moreover it is protected against 51% attack and the network is really decentralized.