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Casino Coin is the new Ripple Coin.....NOT!/!

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17 minutes ago, Poker said:

EKikUgmU8AA4rcC?format=png&name=900x900 

Those are terrible investment points. 
 

1) Casino Coin is making their partners who want to make their own token on the CSC block chain buy $25k of CSC (which they don’t want) then just simply donate it back to the CSC foundation ?? That’s flipping weird man. It’s Doesn’t make any sense. 
 

2) Again each of these companies will have their own token, just on the CSC blockchain. If they have their own token on the block chain they will get the same benefits using their token as they would the CSC token, again showing that the CSC token has a weak-ish use case (not to be confused is the CSC block chain). 
 

3) It reads to me that Casino Coin is trying to force their potential clients into using the CSC token to get access to the CSC blockchain, even when it doesn’t make sense to own the CSC token. 
 

Again, screen shot this and rub it in my face later, but it’s clear that their use case is a little shakey. That’s all. Little opinion.

Edited by Palerider

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1) Casino Coin is making their partners who want to make their own token on the CSC block chain buy $25k of CSC (which they don’t want) then just simply donate it back to the CSC foundation ?? That’s flipping weird man. It’s Doesn’t make any sense. 

Answer: The CasinoCoin foundation is non-profit organisation.

2) Again each of these companies will have their own token, just on the CSC blockchain. If they have their own token on the block chain they will get the same benefits using their token as they would the CSC token, again showing that the CSC token has a weak-ish use case (not to be confused is the CSC block chain). 

Answer: Each partner is different.  Creating your own token is not something all casinos will do or want. 

https://casinocoin.org/tokens-what-do-they-mean-for-casinocoin/

3) It reads to me that Casino Coin is trying to force their potential clients into using the CSC token to get access to the CSC blockchain, even when it doesn’t make sense to own the CSC token. 
 

Answer: ? No idea what your talking about. 

 

Again, screen shot this and rub it in my face later, but it’s clear that either their use case is a little shakey. That’s all. 

Answer: It makes no difference to me whether you buy CSC or not. 

 

Good luck in your investment! 

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14 hours ago, joe91 said:

I happened to visit the casino coin chat site which looks similar to XrpChat, and I saw there a lot of old timers who left this site, sold all XRP, and now playing the dice on with CSC. My question to our XRP community is what we think of CSC?!? I mean it uses the rippled code like stellar, it has fewer coins in circulation, it costs less than 1/10 of a penny, with supposedly huge gaming following starting to go live soon, they dream there on CSCChat that 5 cents is within reach, bringing similar returns to when XRP was at half a cent, but I don't know....red flags..... only one exchange trades this coin, less than 50,000$ volume, and why in the world, casinos can not go onto ripple ledger to issue tokens and do all the gambling related stuff; i mean; where is the catch?!? // can someone explain?!? // if not // it is ok // I understand i am not a proficient contributor!   :flirt:

I hold both XRP and CSC so I'll try and answer your questions as best I can.

CSC can be traded on 5 exchanges currently:

STEX: https://stex.com/
Bitrue: https://bitrue.com/
NLExch: https://nlexch.com/
NUEX: https://nuex.com/
Whitebit: https://whitebit.com/

Yes, volume is low at the moment, Bitrue gets the most volume and usually on the XRP pair.

 

Technically casinos could use the XRPL, however they are at the mercy of any limitations and whatever upgrades/changes are made to XRPL. Because CSC ledger is created FOR the gaming/gambling industry and is developed by a specialised team, they can upgrade and add features whenever they like. If a casino wants the CSC ledger to address a specific task for them then the CasinoCoin Foundation can implement that custom feature specifically for them, in fact 3rd party tokens were issued by CasinoCoin because it was requested, companies approached CasinoCoin Foundation and asked them to create custom tokens for their purposes.Because of this, Cammegh Gaming, the biggest roulette wheel manufacturer in the world will be using CSC ledger to record data from their wheels using their custom 'Cammo' token.

http://www.cammegh.com/customers.php

 

The CasinoCoin Foundation and board of advisors are all experienced and well connected within the gambling industry, in a similar way to Ripple employing ex SWIFT/HSBC/FED staff.

If you have any further questions then feel free to tag me in this thread and I'll do my best to answer them.

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49 minutes ago, Poker said:

1) Casino Coin is making their partners who want to make their own token on the CSC block chain buy $25k of CSC (which they don’t want) then just simply donate it back to the CSC foundation ?? That’s flipping weird man. It’s Doesn’t make any sense. 

Answer: The CasinoCoin foundation is non-profit organisation.

2) Again each of these companies will have their own token, just on the CSC blockchain. If they have their own token on the block chain they will get the same benefits using their token as they would the CSC token, again showing that the CSC token has a weak-ish use case (not to be confused is the CSC block chain). 

Answer: Each partner is different.  Creating your own token is not something all casinos will do or want. 

https://casinocoin.org/tokens-what-do-they-mean-for-casinocoin/

3) It reads to me that Casino Coin is trying to force their potential clients into using the CSC token to get access to the CSC blockchain, even when it doesn’t make sense to own the CSC token. 
 

Answer: ? No idea what your talking about. 

 

Again, screen shot this and rub it in my face later, but it’s clear that either their use case is a little shakey. That’s all. 

Answer: It makes no difference to me whether you buy CSC or not. 

 

Good luck in your investment! 

We just don’t see eye to eye on the potential qualities of CSC token. If CSC token does good moon status, and you make some good cash, can I clean your pool as an apology ? 

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Having played with eGamingFund's app it is amazing. 

 

Way better than Funfair's.

Fast, easy to use, reliable,  and able to transfer on and off in seconds. 

I have won thousands of gfg now. And they don't even have games that I enjoy like blackjack and Texas holdem.

 

The partnership between csc and Cammegh is bringing casinocoin into 90% of the world's casinos. This is huge for all of crypto. 

4 tokens are known to be in development and ongoing development between 2 major operators (casinos)

 

Also,  Brandon Knowles has joined the Board who is the Executive Director of Interactive Business. Aruze gaming supplies 10% of the world's slot machines. 

https://casinocoin.org/aruze-gamings-brandon-knowles-joins-as-casinocoin-advisor/

This could lead to a significant partnership between Aruze gaming and casinocoin like exists now with Cammegh. 

 

I sold all of my xrp for csc,  and recently hit my goal to have 10m csc. Everything else is bonus now. (Almost at 12m csc as of nov 1st)

 

I 100% believe in the future of casinocoin and can see it easily hitting $0.01 by the end of 2020 or sooner 😉🤑😍🚀🍻🥂🕒🌜🎄🎉 and reaching $1+ in a few years. 

 

Do your own research, give it a chance.

 

$100 will get you around 270k csc, not much money to risk for a potential massive ROI in a couple years, $250k+!!

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1 hour ago, Palerider said:

We just don’t see eye to eye on the potential qualities of CSC token. If CSC token does good moon status, and you make some good cash, can I clean your pool as an apology ? 

The csc will be used as gas to power each and every transactions. 

Read through this presentation it explains the why's and how's very well:

https://casinocoin.org/doc/CasinoCoin_Presentation_en.pdf

 

THEY wanted to use tokens. Casinocoin pivoted to provide direct solutions to what their clients wanted.  Development and implementation in months.

 

Read this link to understand the problems and solutions that were addressed between the partners:

https://casinocoin.org/partners/

 

In the business world that is a miracle turn around time to onboarding the product. 

 

The developers have stated that they could easily implement multiple tokens a week and have been getting steady offers and clients approaching them to discuss usage. 

Edited by DividendGamer

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28 minutes ago, DividendGamer said:

The csc will be used as gas to power each and every transactions. 

Read through this presentation it explains the why's and how's very well:

https://casinocoin.org/doc/CasinoCoin_Presentation_en.pdf

 

THEY wanted to use tokens. Casinocoin pivoted to provide direct solutions to what their clients wanted.  Development and implementation in months.

 

Read this link to understand the problems and solutions that were addressed between the partners:

https://casinocoin.org/partners/

 

In the business world that is a miracle turn around time to onboarding the product. 

 

The developers have stated that they could easily implement multiple tokens a week and have been getting steady offers and clients approaching them to discuss usage. 

Thanks for the extra reading materials, I’ll look over it. 👍

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12 hours ago, Palerider said:

Can I get a glass on Pliny The Elder!!???? Damn fine IPA! Hard to come by. 

Even that You know this beer exists makes you a Pro!!! It is indeed hard to get :) I tried so many IPA's (and beer overall) in my life that i think Pliny is a bit overvalued, but it Is, still, the work of art, in any definition of the word, marketing or not, and created a cult following that lifted the entire IPA industry to the moon and beyond...... :drinks:

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3 hours ago, daniel_wwf said:

Before I start I would like to point out that I do work for the Foundation. However, you should not take my words as endorsement nor advice. Not trying to sell you anything. I just wanted to reply to a few questions as I was pointed to this thread.

cscchat looks like xrpchat because some of the XRP folks suggested to set something up like this. It's community-driven and free from the influence of the Foundation. 

CSC is a project fork of the XRP codebase, running its own ledger and infrastructure. This path was taken, rather than building on the XRPL, for a couple of reasons. We needed to ensure that we can develop things the way we want, without relying on Ripple. Running our own ledger allows us to modify it the way we see it fit. This might be because of things we want to build or at the request of regulators or partners.

CSC is currently listed on 6 exchanges. We do not endorse exchanges and we do not pay for listings. The Foundation didn't collect money and runs on its own budget. We can't hand out free coins or pay lots of money to buy us in. Getting new listings is an ongoing process. We also don't pay market makers. If you consider volume as the main sign of success, I will have to give you that one. But I get the feeling people have been under the impression that other projects came out of nowhere, with a lot of listings, millions of volume and high liquidity. To my surprise, I can't remember this happened even once in the last 9 years. The same goes for the number of partnerships.

The Foundation itself does not speculate about the price of CSC and does not participate in discussions about it. CSC is very cheap to buy in at the moment, that's true. 

We are targeting regulated markets and are working with evolving markets towards regulation. While a lot of crypto casinos run under a Curacao license, there is no fully compliant crypto casino (Tier 1). I am aware of FunFair owning a Tier 1 supplier license. 

The goal is having CSC being used by casinos. Customers getting onboard via our BRM, being KYC'ed (which is tied to their CSC acc on-chain) and can use the BRM as an advanced wallet that offers a sort of lobby that lists our partners. Some of the benefits for players, based on how our partners integrate us, is fast onboarding, including KYC, along with the ability to move funds fast between casinos. The BRM is just one of our solutions.

Just a few benefits, depending on how you look at it. 
Gamblers: Ability to move funds fast, less often need of KYC
Operators: cost savings per tx, no chargebacks, target audience
Regulators: Easy to audit and immutable records of transactions tied to KYCed people. Ease of AML measures.

I should mention not all of our products are available to the public.

The current crypto market condition is not one of our main issues. We don't target crypto people, we are targeting gamblers. To make this happen, we are currently working on better on and offramps. 

I keep hearing this a lot and I just want to make this clear: We don't pay people to promote our work. If people do so, it's based on their motives. And yes, some XRP people have joined our community. We didn't incentivize this. I have met a lot of good folks from the XRP community, luckily more than "bad" ones.

Partners can technically choose to use CSC native. If they don't want to do this for any reason, they can create a token on the CSCL. This gives them full control over their ecosystem and the ability to fully brand it. For some use cases that makes more sense. Yes, partners have to donate 25k worth of CSC to the Foundation. Development, infrastructure, and support aren't free and this is one way to generate revenue. It's not a secret. The Foundation is a non-profit registered on the Isle of Man and Malta. 

Again, not trying to sell you anything. I just wanted to comment on a few points that have been made. Other than that, feel free to ask me anything.
 

Thanks for a detailed overview of the Casino Coin; I truly hope CSC ledger can become very valuable for the gambling industry in the near future. My only question (few questions) as a speculator and potential investor in CSC is: the money that the "non for profit" foundation gets from a partner, and the royalties from each transaction from a token created on a CSC ledger still get sold into fiat (those fees not burned as the case with XRP) so I guess it negates the demand pressure on CSC. Also, in theory if a price of 1 CSC get much higher in the future, and partners still need to pay like 1/4 of CSC for each transaction they make on a CSC ledger, it can get very expensive for them to run transactions through their tokens on the CSC ledger! Final speculative point is that for me as an investor, it seems suspicious that CSC coin trades on open exchanges for few years already, and among hundreds of "no use case" coins that have millions of daily volume, CSC exchange exposure, and daily volume, remains the same, if not lower than few years ago......I only speak as a speculator in CSC coin, other than that your vision for the future looks very solid, and the niche you have chosen is very promising; thanks again for your response! :)

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Csc coin has been around in one form or another "for a few years" as you say. It started out as a Litecoin fork I believe... However the latest XRP derived iteration is much more recent, has industry big hitters on the team and is starting to deliver in the real world.

I personally saw this as an opportunity to invest in something promising early in its development cycle (much earlier than my timing with XRP).  I am a fan of both coins, the underlying tech seems to be the best currently out there, and they both have great use cases :-) 

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59 minutes ago, codiusrex said:

I agree and I’ve been trying to find a CSC silver lining considering I don’t own anything else except for a lot of XRP. I was thinking about diversification but my hands are weak unless they’re holding onto XRP (with a death-grip).

Is there a way to hold CSC with a secret key on its own ledger like XRPL?

My first exchange experience was outlandish and I remember how grateful I felt after transferring my zerps directly to the ledger. 

Just use the wallet.

 

Screenshot_20191201-142958_CasinoCoin Mobile.jpg

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4 hours ago, codiusrex said:

I agree and I’ve been trying to find a CSC silver lining considering I don’t own anything else except for a lot of XRP. I was thinking about diversification but my hands are weak unless they’re holding onto XRP (with a death-grip).

Is there a way to hold CSC with a secret key on its own ledger like XRPL?

My first exchange experience was outlandish and I remember how grateful I felt after transferring my zerps directly to the ledger. 

I am pushing our devs on a daily base to sign the code for this off. I hope to be able to say yes to those kind of questions as soon as possible. I have the wallet sideloaded to my nano but can't recommend that to anyone.

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Hi @daniel_wwf - I'm curious on how currency fluctuations work with BRM?

I deposit £100 into BRM, I do a few games of Blackjack at Casino 1, some slots at Casino 2, and some sports bets at Casino 3, and at the end of the week I end up break even - got my £100 back. If CSC price has dropped whilst I'm playing, when I go to withdraw do I end up with £95? Or is somebody else taking the hit?

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