This is just another scam coin. Not decentralized at all: "Chancecoin uses New York Lottery Quick Draw numbers to resolve bets."
There's no reason you couldn't get randomness from the blockchain itself - the act of finding blocks is itself a random number generator. Using an external source is incredibly centralized, and advertising this as decentralized is scammy.
All the alt-coins - even the most legit sounding ones - have this incredibly scammy side to them. Dishonest claims, premines, etc. Yet people pump their money into them anyway. Apparently this coin raised $265,000. All you need to do to get rich in alt-coin land, is come up with a half baked, poorly implemented idea, and ... duck! because people are going to THROW money at you.
edit: their homepage states "There is no central point of failure." -- Uhm, how about violating the NY Lotto's terms of service? The client is just getting a http (not https) feed from nylottery.ny.gov, I wonder how long until they add a captcha? What happens to the value of your chancecoins then? :)
There's no reason you couldn't get randomness from the blockchain itself - the act of finding blocks is itself a random number generator. Using an external source is incredibly centralized, and advertising this as decentralized is scammy.
All the alt-coins - even the most legit sounding ones - have this incredibly scammy side to them. Dishonest claims, premines, etc. Yet people pump their money into them anyway. Apparently this coin raised $265,000. All you need to do to get rich in alt-coin land, is come up with a half baked, poorly implemented idea, and ... duck! because people are going to THROW money at you.
edit: their homepage states "There is no central point of failure." -- Uhm, how about violating the NY Lotto's terms of service? The client is just getting a http (not https) feed from nylottery.ny.gov, I wonder how long until they add a captcha? What happens to the value of your chancecoins then? :)