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Talks about price and the need for exchange listings are common and I get at least 5 PMs about it every day. From a crypto perspective, I agree. However, looking at the use case and the product a fiat

Your question was what would be in for the xrp folks, so i made a joke saying "all the riches". Your questions are targeting the business side of the project but let me shoot a few words. CS

Crypto and the online casino industry: Could they be the perfect match?

 

https://ambcrypto.com/crypto-and-the-online-casino-industry-could-they-be-the-perfect-match/

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Blockchain technology has taken the online sphere by storm. Revolutionizing the traditional financial system by enabling instant and anonymous transactions of capital, it has forced us to rethink our views on money; its physical manifestation, how we use it, trade it, and even the role it plays in our wider world.   

If there is one similarly radical industry in existence, we’d posit that the internet gambling sector might just be it. Experiencing an equally sudden and unexpected growth in popularity, its value is expected to reach $51.96 billion by the close of 2018. 

 

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43 minutes ago, CountZerpula said:

Hope all is well ... @Archive asked me this question over in Z3, and I thought I'd kick it over here in hopes to get a more informed response than from the likes of me ... :good:

 

Hello my friend.  Long time lurker, but just had to join and get involved once I saw all the talk on casinocoin.  I've been invested in CSC (and a huge XRP hodler as well) for quite some time and I really think this project has some legs.  For some reason I can't see the whole question, but I do remember seeing it on another thread.  What this poster doesn't understand is that that, like XRP, CSC is working WITH regulators and the system.  The poster mentioned that everyone he knows uses illegal gambling sites and I'm sure that's true.  However, the REGULATED on-line gaming industry is expected to be about 52 billion this year; with huge growth expected next year.  Also, keep in mind that the US Supreme Court recently ruled that any state can open sportsbook betting.  Naturally the rest should follow.  Until this ruling, this was only legal in Nevada.

I have used these "illegal in the US", off shore gambling sites as well, but as the legality issue is going away in the US, I can promise you that people from the illegal sites will flock to the legal sites.  I'm in contact with thousands of people who use these off-shore sites and I can tell you first hand that making deposits to them are very risky and sketchy (unless you use BTC if they take it).  More importantly, if you win big no guarantee you'll get paid.  They can screw you blue and there's NOTHING you can do about it.  In fact, forget about your winnings.  They can walk off with the money you funded your account with.  I know countless people that had a customer service issue, reached out to the site, and the person on the other end got ******, said screw you, shut their account down and made off with their money.  And there' nothing they can do about it because it's illegal in the US as well as many other countries.

The short answer is, yes, the illegal gambling sites exist and have for a long time.  However, regardless of their existence, the REGULATED on-line gaming industry is HUGE and expected to grow.

I hope this helps, but feel free to ask a follow up if you would like.   

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@Jasperlite

Questions regarding Creating a wallet.

1) Once I setup the Password for a new wallet on desktop app, is this password and 8-word recovery phase linked to the coin wallet or just the app?

2)  Once wallet is activated with 10CSC, can I export the private key ? offline?

3) How will the earlier wallet password /recovery phrase come into play in the event I want to test the recovery of the wallet using private key?

4) Earlier comments by some have had me confused, but there is only 1 public address for both receiving and sending right?

5) Has anyone tried creating a Paper wallet using the generator link on the CasinoCoin website? Is the developer of the generator part of the CSC team?

6) Paper cold wallets are safer however I’am skeptical about using 3rd party generator at this stage, yet it the cold wallet seems safer than using a Hot wallet  store the private key.

7) how is the Desktop wallet protected/encrypted from not sharing the Private key?

I’am certain many of these questions have already been answered, it would great if you can create a guide in this club for Buying CSC, Activating Desktop wallet, storing Private Keys, restoring Wallet to test private key, transferring CSC to wallets, creating Paper wallet(Best practices)

As this club is growing, I’am sure future

members will find it really helpful, and will prevent reappeared questions with regard to CSC basics.

 

 

 

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7 minutes ago, Pluto said:

@Jasperlite

Questions regarding Creating a wallet.

1) Once I setup the Password for a new wallet on desktop app, is this password and 8-word recovery phase linked to the coin wallet or just the app?

2)  Once wallet is activated with 10CSC, can I export the private key ? offline?

3) How will the earlier wallet password /recovery phrase come into play in the event I want to test the recovery of the wallet using private key?

4) Earlier comments by some have had me confused, but there is only 1 public address for both receiving and sending right?

5) Has anyone tried creating a Paper wallet using the generator link on the CasinoCoin website? Is the developer of the generator part of the CSC team?

6) Paper cold wallets are safer however I’am skeptical about using 3rd party generator at this stage, yet it the cold wallet seems safer than using a Hot wallet  store the private key.

7) how is the Desktop wallet protected/encrypted from not sharing the Private key?

I’am certain many of these questions have already been answered, it would great if you can create a guide in this club for Buying CSC, Activating Desktop wallet, storing Private Keys, restoring Wallet to test private key, transferring CSC to wallets, creating Paper wallet(Best practices)

As this club is growing, I’am sure future

members will find it really helpful, and will prevent reappeared questions with regard to CSC basics.

 

 

 

I can't answer questions relating to paper wallets bc I don't really use them. As to question 1, your recovery phrase is linked to the App/wallet. I only have one wallet set up so I have one password, you can make additional wallets with a different password. CasinoCoin is very active on discord and they are pretty good with responding to questions so I would definitely connect with them. If you download the wallet itself its very easy to do things and find answers to your questions on it.

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22 minutes ago, Alcar said:

I hope this helps, but feel free to ask a follow up if you would like.

Great response, @Alcar ... thank you, and welcome! There are several people here, myself included, who have done a good amount of research and are impressed with this project as well. That said, I think we're all still filling in our respective knowledge gaps, and this seemed to be one of the main questions.

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Anytime CZ.  Another thing about CSC that I think most miss is the primary purpose of it.  Firstly, they did not do an ICO and they are non-profit (no need to worry about "is this a security?).  I've heard many talk about their competition, but honestly I have yet to find any related coin doing or even working on what they're doing.  The primary utility of CSC is to facilitate the transfer of funds between players, operators and processors.  Like none other than XRP, a bridge currency.  Further, CSC integrates to all platforms regardless of gamer, operator or processor.  This also makes for proper sharing of KYC & AML between all involved parties.  Every other coin that I've come across in this space requires all involved parties to use their coin or it's a no go.  There may be one/some, but I haven't seen it/them.

As you dig into CSC, you will find yourself saying things like, "hey, this team has much the same MO as the team at ripple".  And, "hey, CSC's use case is a lot like XRP's use case, but for the on-line gaming industry".  When I evaluated my investment in this coin, CSC checked every box and better than many of the top coins.  Project, team, use case, business strategy, etc.  I know many in the Zerp thread are having fun with CSC in that they're excited to own a million coins and they think for the price it's fun to bet on a long shot.  Let me say that I'm invested in most of the top crypto's (about 20 overall) and CSC ranks 2nd in terms of the project I' most excited about.  Is there guaranteed success? NO!!  However, I also don't believe it's as much of a long shot as many tend to think.   

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20 minutes ago, Alcar said:

Anytime CZ.  Another thing about CSC that I think most miss is the primary purpose of it.  

I like breaking up things to make it’s easy :

1) PokerStars- the Senior management are heavy weights at PokerStars. No1 Poker site by market size. 

2) Binance? /Malta/Isle of Man

3) Incoming product Bank Roll Manager wallet lets you buy CSC with Fiat/Crypto on the go through a processor that connects to multiple exchanges. 

4) Casinos are the orbituaries of value in this space, and will use CSC to arm themselves against disruptor platforms such as Funfair.

5) CSC can go mainstream earlier than XRP because of fast forward Malta Regulation. Binance listing is a strong possibility after the launch of the BRM.

6) CSC is following Ripples strategy step for step without the mistakes/Problems along the learning curve by learning from a Ripple Labs experiences.

7) the ball will begin rolling if even one Online/Land casino begins accepting CSC.

please let me know if I missed something.

 

 

Edited by Pluto
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27 minutes ago, Alcar said:

Anytime CZ.  Another thing about CSC that I think most miss is the primary purpose of it.  Firstly, they did not do an ICO and they are non-profit (no need to worry about "is this a security?).  I've heard many talk about their competition, but honestly I have yet to find any related coin doing or even working on what they're doing.  The primary utility of CSC is to facilitate the transfer of funds between players, operators and processors.  Like none other than XRP, a bridge currency.  Further, CSC integrates to all platforms regardless of gamer, operator or processor.  This also makes for proper sharing of KYC & AML between all involved parties.  Every other coin that I've come across in this space requires all involved parties to use their coin or it's a no go.  There may be one/some, but I haven't seen it/them.

As you dig into CSC, you will find yourself saying things like, "hey, this team has much the same MO as the team at ripple".  And, "hey, CSC's use case is a lot like XRP's use case, but for the on-line gaming industry".  When I evaluated my investment in this coin, CSC checked every box and better than many of the top coins.  Project, team, use case, business strategy, etc.  I know many in the Zerp thread are having fun with CSC in that they're excited to own a million coins and they think for the price it's fun to bet on a long shot.  Let me say that I'm invested in most of the top crypto's (about 20 overall) and CSC ranks 2nd in terms of the project I' most excited about.  Is there guaranteed success? NO!!  However, I also don't believe it's as much of a long shot as many tend to think.   

Thanks @Alcar nice to meet you mate. Glad you decided to contribute rather than just lurk. It’s much more fun. 

I only just started researching CSC a few weeks ago and invested recently. I musy say that the more I read the more impressed I am. 

There seems to be a lot of potential in this coin. I am very conservative and have basically been all in on XRP until I saw CSC  I wanted a low value high potential upside coin but it had to be something with a use case not just built on speculation and something I am passionate about. I played a lot of online poker years ago. It also had to have a decent team supporting it which it looks like CSC has.

Thanks for your posts they are very helpful as well. Looking forward to being part of the CSC community along with my XRP family of course. 

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3 minutes ago, Chewiecoin said:

There seems to be a lot of potential in this coin

definitely. its possible to make a million with CSC with it hitting just .20 cents compared to XRP having to hit $100 (if you own enough CSC).

of course, its important to remind myself that im not stepping away from XRP. im simply making the most of the time instead of chart watching every candle.

eggs in one basket is not a good thing.

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