An article came up recently on the digital currency news site CoinDesk which talks about a professional online poker player named Mauro Velazquez deciding to launch a new virtual game called Coinding which is quite similar to the Bitcoin scavenger hunt style game. He is going to invest around 250000 dollars which he won while playing poker. He has decided to take a huge gamble with this decision but seems to be quite confident about it as the website is pretty attractive and encourages the audience to vote for their city so that it can be launched there. This game will also allow players to collect bitcoins from locations in the real world.
Since the game is designed to be like a practical scavenger hunt, it will allow the players to find and collect bitcoins from various different places around the world. The players involved will be retrieving the bitcoins deposited in the neighborhood streets by the developers of the game or will have to collect them by overcoming various challenges. The game has a dedicated team of eight people who are presently working on this game which will be releasing in a couple of months. They will be making it for both the Android as well as iOS users.
The game and purpose
This game allows the players to collect as many bitcoins as possible from numerous locations in the real world. As the game is fashioned to be like a hunt for scavenger, the main purpose of the game is to make the people who are playing the game, search for the bitcoins and collect them from several places around the globe. The players taking part in the game will have to search fort the bitcoins, placed by the creators of the game, from a certain section of the streets, or they will have the choice of collecting the bitcoins by excelling at various challenges they may have to face. According to the founder of this game, they are taking advantage of the power to give away portions of the bitcoins so as to attract more people into the economy of bitcoins before taking on the obstacle of risking their money to purchase them. It is seen by many as a low risk opportunity to deal with the virtual currency for the very first time.
Game development
Coinding will be coming into existence thanks to bitcoins. Bitcoin is a type of currency which exists in digital form and is held and created electronically. There is no one particular organization or person who controls it. It is a leading example of a growing class of money popularly known as cryptocurrency. Bitcoins can be used to purchase things electronically just like any other currency.
However, a unique characteristic that makes it different from other forms of currency is that, it is not controlled by any single institution like a bank, which puts many people at ease. Since bitcoins are depicted by a series of numerals that fulfill a cryptographical formula, it is easy to stock them on any medium by plainly writing those numerals and putting them anywhere in the world. With the cost of a single bitcoin varying significantly, Velazquez is making the transactions in fractions. The game will be using CoinMap for finding the locations to place the bitcoins. The supply of bitcoins for this venture is provided by the businesses and developers who accept bitcoins and have the desire to attract new customers to this form of currency. Velazquez also feels that with his efforts, the popularity of bitcoins will also increase.
About bitcoin gambling
With Bitcoin becoming a popular form of making payment, it has also solved many problems for various online gambling internet sites because of its anonymity. Betting with bitcoin makes the players as well as various bitcoin admirers to place a bet on the final result of future events. It is controlled by the site presiding officer and the results of the bet are decided by the same presiding officer . The players who correctly predict get their wagers back, along with the wagers of the players who predict incorrectly. The net income you get from Bitcoin betting often changes as the wagers are weighted with respect to time. So the sooner you place your wager, the maximum returns you get when you correctly predict the outcome.
About bet statement
The prediction of a future event where the players bet their guesses is known as a bet statement. All the bet statements are not listed for betting. You can get half of the fee which the site acquires using your bet statement since you are the creator of the bet statement. This is a good chance for anybody who wishes to make money quickly. However some are still concerned regarding the legality of the whole process. Had Bitcoin gambling been banned, the government would have closed these sites. But as they are running without any hitches, it clearly means that these sites do not violate any gambling laws. You need to have your own Bitcoin case to store your bitcoins. You can then use your bitcoins for betting without really worrying about its legality.
One of the major factors responsible for the popularity of gambling through Bitcoin is the fact that it makes uses of virtual currency instead of real currency. Some of the most popular online bitcoin gambling sites are Bitcoin Sports Betting Site, Bitcoin Casino, Bitcoin Lottery and Bitcoin Prediction.
Coinding will ensure that your mobile phone becomes a virtual magnet of coins which you can use to spot the Bitcoins that are found on the CoinMap. Velazquez expects to get his stash of bitcoins from the investors and the traders of bitcoins who are interested to attract more bitcoin users to their stores.