Topic: Bitcoin is the savior of professional poker players (Read 1341 times)

The part where you say, "... players who don't have poker rooms near by..."  really made me think.  This isn't really in contrast or opposition to what you said... Just my 2-cents on how screwed up some things here in the US are.

I can't stand that the US imposes blockades on the internet for folks who want to gamble online.  Anti-gambling legislation is a relic of the Old West.  Laws were made against it because there were people dying all to regularly when being accused of cheating.  The only reason it's still in place is because of religious fuddy-duddies who don't understand that Americans are supposed to have liberty and freedom. 

Do casinos have 10% house edge or more??  

I didn't know they have such high rates

Indeed there is no reason to have house edges of 10% and over like in a Casino when there are low costs, it's also secure and provably fair with low cost and ease of transfer.
Just got to wait and see though I'm sure the government will want to have it's way with it sooner or later like Nevada and SWC
http://insidebitcoins.com/news/nevada-attorney-general-charges-seals-with-clubs-owner/32205

It is saviour for gambling in general

in my country there are many restrictions to gamble almost every game and with bitcoin is really simple and easy to play without restrictions

Black Friday did ruin a bunch of great opportunities.

yeah,what professional poker play on bitcoin, maybe they call them profensional but we know everybody can say what they want

I don't know, I haven't met any professional poker players on any of the Bitcoin poker sites I have visited, but it's hard to tell which ones are professionals and which are regulars when they're all donking on almost all hands.

Not only professionals but I think many players who don't have poker rooms near by and who don't want to provide their credit card/personal info to the other online sites who don't accept Crypto Currencies as their payment method prefer playing at BTC/Crypto accepting poker sites.

The things that are stopping players from playing at these poker rooms are, lack of trust/players. Most BTC poker players prefer playing at Freeroll tourneys whereas the professional poker players wants busy ring tables.

Prior to black Friday many Americans and people around the world made a living playing online poker, supporting families, donating to charity, and paying taxes. A lot of that ended when sites were apprehended and forced out.  Now btc and cryptos allow people to make a living again.  There are many people still just playing cryptos only.  It is not that bad of a deal considering we have Betcoin, swc/nitro, others, to choose from.

Betcoin especially because of its shared WPN tourneys and 24/7 cash games running.  Great for college kids needing work for the summer... Stay at home grinding instead of working at Pizza Hut in the summer.... nope. 

Just play break even poker, and you can come out ahead.  If you want more action, hit up nitrogen and swc for lower RB but still some additional action.

Cashouts are super easy.  Unlike all USD sites that take months for checks or whatever. 

If any of you know professional players like Mike the mouth Matusow, tell them about Bitcoin poker, great awards unbeatable rakeback, great action and growing audience.

And how many people's lives were ruined in the process?

http://www.alternet.org/how-gambling-can-kill-you-faster-drug-abuse-or-alcoholism

Imagine that you started your own business and ran it, very successfully, for several years.  And then you woke up one day and saw that the government outlawed nearly the entire industry, except for the very small sliver of the industry that they controlled.

'Saving' is obv hyperbole, but the introduction of poker rooms accepting bitcoin deposits and withdraws absolutely added to people's bottom line and, more importantly, improved the quality of life of people like me who abhor going to live poker rooms every day.

The special commodity or medium that we call EV has a long and interesting history.  And since we are so dependent on our use of it and so much controlled and motivated by the wish to have more of it or not to lose what we have we may become irrational in thinking about EV and fail to be able to reason about it like a technology, such as radio, to be used more or less efficiently

So I wish to present the argument that various interest and groups, notably including PSFTFBICIADOJ has sold to the players a “quasi-doctrine” which teaches, in effect, that  “less is more” or that (in other words) “raked poker is better than not raked poker”.  Here we can remember the classic ancient economics saying called “Gresham’s law” which was “the bad money drives out the Good” The saying of Gresham's is mostly of interest here because it illustrates the “old" or “classical" concept of “bad money" and this can be contrasted with more recent attitudes which have been very much influenced PSFTFBICIADOJ and by the results of their influence on poker site policies since Black Friday.

The actions of the DOJ was actually multi-dimensional and consequently there are quite different varieties of persons at the present time who follow, in one way or another, some of the thinking of the DOJ. And of course SOME of its thinking was scientifically accurate and thus not disputable.  For example, FT was labeled a Ponzi scheme. The label “PSFTCIAFBICIA" is convenient, but to be safe we should have a defined meaning for this as a party that can be criticized and contrasted with other parties. So let us define “PSFTCIAFBICIA “to be descriptive of a “school of thought" that originated at the time of Black Friday on April 15 2011. Then, more specifically, a “PSFTCIAFBICIA " would favor the existence of a “manipulative" state establishment of raked poker and poker skin which would continuously seek to achieve “raked" objectives with comparatively little regard for the long term reputation of the poker currency and the associated effects of that on the reputation of poker sites domestic to the state.

In the near future there may be a smaller number of major sites used in the world and these may stand in competitive relations among themselves. There is now the “euro" sites and the old history of the UB scandal is past history now. And there COULD be introduced, for example, a similar international site for the Islamic world or for South Asia, or for South America, or here or there.

There perhaps will always be “rake", like also “death and taxes". But it is sometimes remarkable how poker strategies can evolve. And in relation to that I think that it is possible that “PSFTCIAFBIDOJ " are like a political faction that will become less influential as a result of poker revolution. The “PSFTCIAFBIDOJ” view of things did not come into existence until after the time when what we can call “Black Friday" had become established in the US. And by this label we wish to differentiate between any theoretical or ideal concept of justice and the actual form of governing regime structure that came to exercise state power on the poker community. (All over the world varieties of sites make claims to have systems very properly or even ideally devoted to the interests of the professional or recreational players of those sites and always an externally located critic can argue that the site is actually a sort of despotism.)

PSFTCIAFBIDOJ implicitly always have the argument that some good managers can do things of beneficial value, operating with the skins, and that it is not needed or appropriate for the players or the “customers" of the chips supplied by the site to actually understand, while the managers are managing, what exactly they are doing and how it will affect the “ROI" circumstances of these players.

 I see this as analogous to how the PSFTCIAFBIDOJ were claiming to provide something much better than Ponzi schemes that they could not deny existed in all other sites. But in the end the “dictatorship of the proletariat” seemed to become rather exposed as simply the dictatorship of the regime. So there may be an analogy to this as regards those called “PSFTCIAFBIDOJ” in that while they have claimed to be operating for high and noble objectives of general poker welfare what is clearly true is that they have made it easier for their sites to “print money".

So I see the entire privately raked community as in a weak sense comparable to the “PSFTCIAFBIDOJ " because of the support of both parties for a certain “lack of transparency" relating to the functions of poker sites as seen by the players. And for both of them it can be said that they tend to think in terms of sites operating in a benevolent fashion that is, however, beyond the comprehension of the player of the raked sites. And this parallel makes it seem not implausible that a process of poker revolution might lead to the expectation on the part of players in the “great game types" that they should be better situated to be able to understand whatever will be the rake policies which, indeed, are typically of great importance to players who may have alternative options for where to place their “deposits".

Wasn't aware that professional poker players were in need of saving...

Wasn't aware that professional poker players were in need of saving...