I agree CSC is lacking marketing efforts but to do that succesfully we first need a stable coin and all the necesarry tools to garantee its success. To have CSC adopted by online casinos we need:
- Comply with the coin specifications, i think that transcoder was right to assume that casinos need a faster block time for crypto currency than bitcoin. Having set the block time to 30 seconds allows for fast deposits and withdrawels. Lately i see block times at my pool of more that 20 minutes!! In my opinion that is totally unacceptable! If i transfer coins to an online casino and i need to wait 20 minutes before i can start playing i will leave! Some users indicated that its not that a big issue but in my opinion this is the next biggest problem we have to solve. Implementing KGW and Digishield may have solved some issues in regards to multipools but also others have appeared. The enormous difficulty swings are not doing any good and we need to collectively analyse the dificulty problems and come with a solution in the next months.
- Supply the necesarry APIs for handling CSC transactions. That is why i started to work on CasinocoinJ because a lot of online casinos are using java based server software. Giving them a java based wallet and api will help them out greatly. We also need to work on a payment gateway for CSC to make it easier for merchants or online casinos to accept CSC. I do not want to start my own online casino but i am willing to see if i can come up with some basic android code framework to build mobile casino games on top of the mobile android wallet. If we supply the community with a framework to build apps i am sure more than one will get on the casinocoin train.
- Secure stable mining at all times. Without stable mining there are is no stable transaction handling. We need to keep the incentive for the miners as high as possible. We are now at block 551401 which means roughly 27.5 mln coins. Lowering the max to 63 mln coins and a block reward of 10 results in 3.550.000 blocks which is about 1230 days which is about 3 years and a bit. If by then the miners do not get at least between 1-5 coins per block on transaction costs they will stop mining. Without mining the network will collapse so by then we need either a lot of transactions per block or increase the transaction fee considerably from the current 0.001 to about 0.1. The good news is we still have about 3 years to make this coin a big success!!
On a more general note, ... I am very happy there is still a lot of support to move this coin forward. Allthough my time is also limited i am very much committed to futher develop this coin as i am still convinced it is one of the very few crypto coins out there with a real purpose. We only need to strengthen its foundation to make it fullfil that promise!
well 30 second block times are the target. Obviously we can't guarantee blocks every 30 seconds. However, over the long run 30 should be the average. Have we confirmed whether this is the case or not? It may well be falling a bit short due to DGWv2 and digishield. Let's keep an eye on this because I think we definitely will need to make changes when ASIC really start hitting the scene en mass.
Also with regard to 30 second block times, this is mostly important if the coin is used directly to bet since it means faster confirms. For online casino funding purposes, it's not as important if it take a few minutes more on average.
On the API side, I think we should maybe look into supporting integrated publishing to an AMQP broker and possibly auto-parsing transactions into redis. Just supporting a java library may be a bit weak since the client already support JSON RPC.
With regard to mining, the bulk of the coins will be minted int he next 3 years. Possibly, we could change the block reward to 0.5 or 1 before we get to 63,000,000 if the community wishes, but for now there is a side benefit that the hard stop ensures that miners will have to update past that point should a change like this be introduced. Honestly, having a 0 coin block reward doesn't scare me so much. Eventually people should pay processing fees to support the network. Fees are probably much healthier than introducing permanent dilution to keep the currency functioning. For now, the changes that we introduced should serve to protect value for people who hold and support the coin instead of the people who have used the coin in the past as nothing more than a temporary means to get BTC by mining when the diff is low. Those types of miners are basically parasites who move from coin to coin and sell them soon as they are generated. Under these conditions, a very small number of opportunistic miners can destroy most of a coins exchange price in a very short period of time resulting in general wealth destruction for everyone. Making the coin less attractive to those types of miners should help stabilise the coin and it's important that we do so before ASICs become prolific. For these miner to come back after the subsidy change, the coin's price would need to increase 5x for them to make the same profits. Maybe now the coin can start to trade on it's own free from these miners constantly trying to drive the price into oblivion.
