I propose that we go back to using Blockchain hashes as our source of randomness for transactions in blocks where the total amount of CHA that can possibly be won (for all bets in the block) is less than 2,000 CHA.
+1
2,000 CHA = about 2 btc right now.
I think its safe even with a total of 5,000.
Let's talk more in depth about where we can make Chancecoin transactions faster. When you place a bet, the first thing that happens is it goes into "pending" state, which means that you've sent the transaction successfully, but it hasn't been confirmed yet in the Bitcoin blockchain. It takes an average of 10 minutes for a transaction to be confirmed by the Bitcoin blockchain. It's possible for us to use an alternate Blockchain (such as Dogecoin or NXT) for betting transactions in order to speed up this part of the process. One possible drawback is that Chancecoin users would need to have Dogecoin or NXT funds available in order to take advantage of such a feature.
I think it is very importent to have the bid confirmed in
1 min or less.