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18:16 Just curious will chips adopt KMD features minus the interest
18:17 I think its going to be standalone except that it will be able to use LN and microtransactions
18:17 Primarily used for the poker dAPP
18:18 it will switch to dPoW when most the mining is done
18:18 it is already supported by barterDEX and we have electrum servers for it
18:19 so it is an ecosystem coin and will also be integrated into the gameplay when we get to having games GUI/services
18:19 likely many games will be denominated in KMD
18:19 but use CHIPS
18:19 Alright makes sense
18:20 so we make a specific game's chips equal to 1KMD worth of CHIPS, now you are using CHIPS, Lightning Network, decentralized shuffling, simple smart contracts, and when done, convert the CHIPS back into KMD -> JUMBLR -> nobody but you know where
18:21 yes I was about the ask that
18:21 ok I see
18:21 and poker is just one of dozens of possible games that privatebet will support
18:21 of course poker is likely to be the most popular
18:22 ok private bet is the platform and poker is like an app
18:22 will private bet then get shares of all the games made and will it be a open platform where dev and make their own games
18:22 something like that, though i think marketing wise it is the komodo platform with a privatebet framework and a pangea instance
18:23 privatebet is of course open, as all of what i do is
18:24 usage of privatebet requires oracle nodes which will get paid for their services in the BET asset, at least I think that is what makes sense, though it might end up being payment in CHIPS
18:24 or KMD
18:24 Yes
18:24 each pangea game needs a dealer node that also would get some payment for the service maybe in PANGEA (or CHIPS or BET or KMD?)
18:25 any one can be a dealer?
18:25 so many details still left to solve, and this project is not my first priority, not until barterDEX is in maintenance mode
18:25 Yea i understand
18:25 you would need to be able to run a unix command line to be a dealer, so i guess that means 99.9% of the people wont be able to
18:26 but each dealer would run their games and players can choose which dealer's games they like and over time each dealer will get reputations
18:26 Ok that works and makes sense
18:27 combine that with the security assurance that both the oracle and dealer need to collude with a player to be able to see the deck, it ensures the maximum security possible within practical means
18:28 Yes there is a lots to do, what about the price fluctuation of chips?
18:28 crypto is volatile, it is part of the gaming experience
18:29 if you need a solid predictable value, then maybe you shouldnt be gambling
18:29 Yes i guess the dollar also fluctuate one way or the other
18:29 and the price fluctuation over the time you are playing wont be that bit
18:29 big
18:30 so once CHIPS gets enough liquidity, then it becomes a usable coin for betting
18:30 ok yea
18:31 but the games can be using "USD chips" which now would be 5 CHIPS, so maybe we get vendors who convert CHIPS into KMD and other things at reasonable rates
18:31 its not perfect, but the goal for CHIPS isnt to solve the price stability issue
18:31 it is to solve the decentralized gaming issue, which allows to solve a whole generalized class of other problems
18:32 and when we get market makers who can make repurchase contracts at reasonable spreads, then we can implement fixed value chips
18:33 yes that a trading class "options"
18:33 for example, I would imagine there would be a fair number of BTC, KMD, etc. holders who wouldnt mind making a crypto secured 1% spread
18:37 Yes thanks the guys who make the spread it like an insurance do they get some type of earnings, anyways thanks I just thought you would have use pegged asset features for betting but that will not solve the decentralised issue, and chips will be the only primary coin used for private bet and all the other games am I right?
18:46 it needs segwit and i didnt want to contaminate any other coin with that
18:48 deleted the question , you already answered it yes makes sense, cheers
18:50 Dude. You a beast. This is great stuff!
18:52 I just identify the best tech in each area, like zcash, LN, ILP and add whatever is needed to connect it all together

noashh

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