Thursday, December 26, 2013

Poker Champion Launches Real-life Bitcoin Scavenger Hunt

Mauro Velazquez, a former specialist poker player, is organizing to use his winnings to develop a new game that will allow players to gather bitcoin from genuine-globe areas.


The game, Coinding, is created to be virtual scavenger hunt (much like Geocaching) with players finding and collecting bitcoin from places around the world. Players will be in a position to retrieve bitcoin deposited on the streets by the game’s developers, or gather them by finishing challenges. Mauro Velazquez, Coinding’s Argentinean founder, stated:



“We’re leveraging the capability to give away fractions of bitcoins so that much more men and women can get into the bitcoin economy prior to going through the barrier of actually risking funds to get them.”



Velazquez stated he had a group of eight working on the game, which is scheduled for release in 3 months. It will be available on iOS and Android.


Coinding is scheduled to enter a closed testing phase in 3 weeks, Velazquez said. At the moment, customers can join the startup’s mailing list and location bitcoin in places of their decision. The game will be rely on CoinMap to supply its data. CoinMap is a well-liked open-source map of actual-planet areas that accept bitcoin.


According to Velazquez, Coinding’s stash of bitcoin will come from a range of sources, including contributions from the developers and firms who want to attract bitcoin users to their establishments.


Coinding is unusual, as it’s a bitcoin startup that isn’t straight involved in the storage, production or distribution of bitcoin. Velazquez said:



“All of that is necessary, but there is now a require for second-level startups that take advantage of the benefits that these core organizations are supplying.”



A fortunate hand


Velazquez was functioning on Battlepro, a organization combining games and income, when he found bitcoin. Battlepro, which was nonetheless being tested, was made to let skilled video gamers compete for income. It was touted as a “universal skill-primarily based betting web site”.


However, two months ago, Velazquez discovered about bitcoin from Wences Casares, the chief executive of Lemon Wallet, a mobile digital wallet app.


“We began acquiring much more and more involved in the bitcoin world and seeing how it could alter how nearly every thing functions,” Velazquez mentioned.


Velazquez decided to abandon Battlepro and focus his team’s efforts on a bitcoin-related solution, which became Coinding. He said his group is at present funded by his winnings from playing on the web poker professionally for two years.


He claims he created $ 250,000 over the course of his poker career. After leaving online poker, he coached many players.


Coinding appears to have received a comparatively good reception from reddit’s bitcoin community so far. A thread began by Velazquez attracted comments like this a single, for instance:



“I really like this thought. Much better ways to get bitcoin into the hands of 1st-time customers are necessary. This appears like a fun way to do it.”



Velazquez said that linking games to money set up an “interesting dynamic” that could get players more deeply involved.


“I don’t believe profit demands to be linked to playing games … but individuals often get a lot more excited when there’s something at stake,” he said.


Bitcoin gambling


Game developers have been taking to bitcoin in a huge way lately, typically with gambling thrown in the mix.


German game developer Bigpoint allowed customers to purchase in-game virtual goods with bitcoins in September. Bitchicken and Coinbomb are two casual games that let players wager bitcoin in tests of mathematical potential and trading capability.


Leetcoin is a service that lets players on Steam, the digital game distribution platform, win bitcoin for attaining kills in Counterstrike and other games.


View Poker Champion Launches Real-life Bitcoin Scavenger Hunt on CoinDesk.



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Poker Champion Launches Real-life Bitcoin Scavenger Hunt

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