scam accusation sent
https://bitcointalksearch.org/topic/m.1195316
Topic: HungerCoins Poker Fund (Read 3639 times)
Thanks for the suggestion. That will be highly considered.
I get that you are not willing to publicly disclose your identity, but why not send some identification proofs to a few trusted, non-anonymous members of this community, with the explicit authorization to release them if you fail to reimburse funds without convincing explanation for a specified period of time (two weeks)? That should make everyone more comfortable trusting you with their money.
That does sound a fairly reasonable idea, I would guess you are unlikely to get all that much investment at the moment with what just recently happened. I don't mind a small gamble but to invest in something requires more certainty, but then again I can "invest" much more than I am willing to "gamble"... although all investment is a bit of a gamble to some degree.
For this fund, we will accept deposits and automatically return your funds with interest with the following terms:
Loan duration: 144 confirmations (24 hours)
Interest rate: 1.0%
[...]
Before you accuse us of any scam or ponzi, we let you know in advance that all the above statements are what we will stand by and we will continue to become a valuable service provider in the bitcoin world. We will not force you to invest in us. Be wise enough to make a good decision.
Loan duration: 144 confirmations (24 hours)
Interest rate: 1.0%
[...]
Before you accuse us of any scam or ponzi, we let you know in advance that all the above statements are what we will stand by and we will continue to become a valuable service provider in the bitcoin world. We will not force you to invest in us. Be wise enough to make a good decision.
pirateat40 offered 7%/week while you are offering 7.21%/week compounded. Since you will use the new investors money to reimburse older investors (it would make no sense to do it another way and handle seggregated wallets if you need a continuous loan for your players), it cannot be distinguished from a Ponzi scheme until you either reimburse all the funds or fail to do so.
I get that you are not willing to publicly disclose your identity, but why not send some identification proofs to a few trusted, non-anonymous members of this community, with the explicit authorization to release them if you fail to reimburse funds without convincing explanation for a specified period of time (two weeks)? That should make everyone more comfortable trusting you with their money.
All I can say is that currently he has been true to his word and returned stakes +1% after 144 confirmations. I have no idea whether his idea is sound or not and whether he can sustain it in the long term. Thats all I really have to say at the moment, my knowledge of poker is limited to the very few number of games I have played with friends with a few beers, I have no idea how the big boys play!
Most recent send:
https://blockchain.info/tx/be9c9272aa3d12b2a98453d1f2e3288cd4923afe87341f0c36df2acc4f1aae58
Recieved back with 1% interest:
https://blockchain.info/tx/f2f63389ec6334d6413977024aed14d7416d8e0681b683e960f33269629e51dd
Most recent send:
https://blockchain.info/tx/be9c9272aa3d12b2a98453d1f2e3288cd4923afe87341f0c36df2acc4f1aae58
Recieved back with 1% interest:
https://blockchain.info/tx/f2f63389ec6334d6413977024aed14d7416d8e0681b683e960f33269629e51dd
I also doubt I can sustain it that's why I reserve the right to lower the interest or increase to confirmation when the average fund level increases so much. It is a balance of making it attractive and making it sustainable long term.
All I can say is that currently he has been true to his word and returned stakes +1% after 144 confirmations. I have no idea whether his idea is sound or not and whether he can sustain it in the long term. Thats all I really have to say at the moment, my knowledge of poker is limited to the very few number of games I have played with friends with a few beers, I have no idea how the big boys play!
Most recent send:
https://blockchain.info/tx/be9c9272aa3d12b2a98453d1f2e3288cd4923afe87341f0c36df2acc4f1aae58
Recieved back with 1% interest:
https://blockchain.info/tx/f2f63389ec6334d6413977024aed14d7416d8e0681b683e960f33269629e51dd
Most recent send:
https://blockchain.info/tx/be9c9272aa3d12b2a98453d1f2e3288cd4923afe87341f0c36df2acc4f1aae58
Recieved back with 1% interest:
https://blockchain.info/tx/f2f63389ec6334d6413977024aed14d7416d8e0681b683e960f33269629e51dd
oh man i am bookmarking this thread. bots, staking, so much potential! im a horse for a guy who runs high stakes home games in the LA area, and he has a bunch of others, so every time a game goes it's: 5 good players who are being staked, 2-3 bad rich players. he takes 5%-10% $200-$300 max rake, so he rakes 10-30K a night, paid for by the 3 losing bad players, and he has 50% of the rest of the money won by the winners. it's a fucking amazing sweet gig. now then, regarding bots, i started to program a bot for cash games, the only form of nlhe im really REALLY good at, but i stopped after i had mapped out about 300 distinct flop textures and a few dozen stack size inflection points. but i might go download winholdem or openholdem now and either program a hyper turbo push fold bot or go download whatever university of alberta has recently.
I can easily say without exageration, poker accounts that i have control over have played more than 1 million sit and go's.
Check out the link:
http://www.maxinmontreal.com/
Check out the link:
http://www.maxinmontreal.com/
come on poker online? you cantr make money with that... 
maxinmontreal.com
maxinmontreal.com
Why not? Didn't you know it's a very big industry?
come on poker online? you cantr make money with that...
maxinmontreal.com
maxinmontreal.com
We are expanding to increase our online horses and total hands played not live.
Also didn't you say they can easily play 8 tables at a time? That's a lot of running around between tables!
What site(s) are your horses playing on?
Where do you recruit horses?
Do you back US horses? (In which case there's an additional risk as it means the funds will be on sites that the DOJ could act against)
AS the funds would be converted to fiat what's your plan if BTC rises sharply?
What are the terms of your deal with your horses (makeup/reloads etc)? If staking is with makeup then how is such makeup valued for the purpose of determining fund value when invetsors want to withdraw?
Links to stats for the horses please?
What proof of ID do you request from your horses?
Why are you backing cash (very high variance) rather than SNGs (lower variance and higher ROI)?
1k hands per day at microstakes is tiny - and good players at that level usually aren't. The genuinely good ones move up, the rest are ones who had a few good days/weeks/months and insist on believing that;'s their true form even after their actual results revert to mean. They then manage to fool gullible backers into backing them and lose the backer's money too. Then there's the good ones with no BR management - they lose their own funds taking shots and will happily do the same for backers as well.
Sounds more like you're trying to raise money to player poker yourself than trying to run a fund tbh.
Where do you recruit horses?
Do you back US horses? (In which case there's an additional risk as it means the funds will be on sites that the DOJ could act against)
AS the funds would be converted to fiat what's your plan if BTC rises sharply?
What are the terms of your deal with your horses (makeup/reloads etc)? If staking is with makeup then how is such makeup valued for the purpose of determining fund value when invetsors want to withdraw?
Links to stats for the horses please?
What proof of ID do you request from your horses?
Why are you backing cash (very high variance) rather than SNGs (lower variance and higher ROI)?
1k hands per day at microstakes is tiny - and good players at that level usually aren't. The genuinely good ones move up, the rest are ones who had a few good days/weeks/months and insist on believing that;'s their true form even after their actual results revert to mean. They then manage to fool gullible backers into backing them and lose the backer's money too. Then there's the good ones with no BR management - they lose their own funds taking shots and will happily do the same for backers as well.
Sounds more like you're trying to raise money to player poker yourself than trying to run a fund tbh.
Most horses we personally know way back. Some we meet in live tournaments. Some we meet in poker forums. Some we personally offer to train and stake. Some we offer to stake when we see potential.
US players can't play online anymore. We only play live. Only the high volume grinders who moved abroad continued to play online. We also have stakes in them. About makeup/reloads, we just send them on vacation when they run bad and when they are fresher, we reload. Almost everybody watches everbody's back.
Can't reveal horses as of the moment, I'm sorry.
We trust each other and know each other personally. Those new to our group only plays the lowest stakes.
We back each others specialty whether sng or cash or mtt, live or online. Some go for the highest vip levels/rakeback that's why they love massive multitabling cash games.
I don't have time playing too much. Only live every once in a while. I'm just a recreational player and I can play if I want anytime if only I have the time.
Really. This is totally unbelievable.
Your horses mainly play LIVE Limit Holdem at micro-stakes?
And they do 1000 hands per day?
Even if they play 20 hours a day that's 50 hands/hour. Limit holdem is slower than NL (in hands/hour). No way any dealer is doing 50 hands per hour at NL - let alone LHE.
And where do all these horses find LIVE that spreads lots of micro-stakes LHE anyway? It's not like they can all play at the same table after all ...
It was my name, which i choose not to reveal right now.
Not really like that. They are treated well and they are paid well. They are like family and I would say they live better lives compared to the majority.
I am bluemosrite. Iwas hand selected by chairman byron micon to front the newly-formed Team Ukraine on sealswithclubs.eu. I am compensated handsomely. Can you do better?
Are you serious? How many hands lifetime? Stats?
I used to receive 100 percent rake back plus $35 per hour. I am famous television poker man.
What's your id/handle in bigger poker sites?
Not really like that. They are treated well and they are paid well. They are like family and I would say they live better lives compared to the majority.
I am bluemosrite. Iwas hand selected by chairman byron micon to front the newly-formed Team Ukraine on sealswithclubs.eu. I am compensated handsomely. Can you do better?
Are you serious? How many hands lifetime? Stats?
I used to receive 100 percent rake back plus $35 per hour. I am famous television poker man.
Not really like that. They are treated well and they are paid well. They are like family and I would say they live better lives compared to the majority.
I am bluemosrite. Iwas hand selected by chairman byron micon to front the newly-formed Team Ukraine on sealswithclubs.eu. I am compensated handsomely. Can you do better?
Are you serious? How many hands lifetime? Stats?
Not really like that. They are treated well and they are paid well. They are like family and I would say they live better lives compared to the majority.
I am bluemosrite. I was hand selected by chairman byron micon to front the newly-formed Team Ukraine on sealswithclubs.eu. I am compensated handsomely. Can you do better?
Not really like that. They are treated well and they are paid well. They are like family and I would say they live better lives compared to the majority.
We house our horses with free food and salary. Every 50,000 hands, we evaluate their performance and give bonus if they perform well. We see to it that their income is just enough. We don't want them to have their own bankroll and leave us.
Remember in poor countries, this is a lucrative fulltime job. You make $10 a day there gives you a decent life. That's where we are expanding.
No need for makeup since they are basically employees.
1BB/100 in fixed limit small stakes is very easy. In no limit, it's a lot higher in terms of BB/100.
Remember in poor countries, this is a lucrative fulltime job. You make $10 a day there gives you a decent life. That's where we are expanding.
No need for makeup since they are basically employees.
1BB/100 in fixed limit small stakes is very easy. In no limit, it's a lot higher in terms of BB/100.
so you are saying you have slave labor low limit grinders in poor countries?
Jump to: