The intention of PKR coin team once implemented in a poker room, is due to our contacts, knowledge and work, to popularize and get more and more players using PKR coin. That takes time and costs (offer promotions like a free starting capital for new players, create a poker school, marketing expenses and more).
The problem is that our number of coins is limited and we have no source of income as opposed to a poker room. We think that a fair deal was to offer to SP a big bounty and to give them the assurances that we were going to get them more traffic, but not also to pay between $ 2,000 and $ 3,000 for a job that we think SP should take over.
In short, we haven't reached any agreement because we have been additionally asked to pay around $ 2,000 - $ 3,000 to get pkr coin implemented in Satoshi Poker and we can't take care of expenses.
We will continue working on appearing soon in a good poker room.
Well, it seems like we also can't agree on why an agreement wasn't reached
This is the last PM i sent you:
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Hi XXXXXXXX (name deleted as PKR members prefer to be anonymous),
I just had a quick meeting with my team and they voted unanimous against integrating PKR coin into our site under the proposed conditions. The team has their doubts about investing a serious sum into supporting the coin, while having little to no information or guarantees about its creators, the planned promotions and projects. Satoshi Poker's acceptance will create a serious spike in the PKR coin price and with the risk of the coin massively being dumped after the spike, we will put ourselves at risk of becoming the center of some very bad publicity in case we make a wrong judgement regarding the intentions of the creators of PKR coin. Considering 20% of the premine has already been sold with as only visible investment the hosting and domain registration of the website, we feel it would be safer for Satoshi Poker to create its own poker coin, as the investment will be equal and the site is big enough to make a new coin go viral.
As we are too far apart at the moment, I think it is better if we each go our own way. I wish you good luck with PKR coin and thank you for your time.
Best regards,
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In the last 2.5 days I have had 21 minutes of Skype conversation with your partner and after that have received and sent 6 PM's here as nobody of the team is coming online. All I know about the team right now is the first name of 2 members, although from the messages it seems that the team is bigger. For an operation of this nature, I think I should at least know who is involved in the coin as Satoshi Poker would attach part of its reputation to this coin. As every question I ask had to be discussed with the team first and nobody of the team is on any form of IM, adding that you have a business trip planned and give me a new contact person again, I had my doubts that communication level would be sufficient to get something done.
I had doubts as well about the promotions that were planned. As said in PM you had a successful campaign on 2p2 forums, but according to the 2p2 thread and this thread got banned soon after you started posting about the coin. On pokerstrategy the results were better, but this will be over as soon as PKR coin launches a competitive website. The idea to create a bet site for heads up between famous people and a 2nd site that lets players bet on the winner was inventive, but the first contact person couldn't say where the famous people will be found, how they will be paid (as I take it you can't get any pro player on board and pay him in PKR coins while the coin is still marginal), and when this would be completed, just as no timeline could be given about when the pokerschool will be finished.
I had my doubts about the availability of the coin. I offered help on getting the coin listed on major exchanges, including some Chinese ones which requires voting systems and vouches that I can get it to pass, but this got rejected as your team considered that your responsability, while the coin is now only listed on swisscex.
Your offer to Satoshi Poker and the conditions this offer is made in are: about 20% of the premine has already been sold/distributed and 27.6% of the premine (400K coins) will be the bounty for Satoshi Poker for implementing all. Satoshi Poker would have to take care of the entire implementation, which means adding it to our client (the $2600 for our software company), hiring developpers to install PKR coin on our server and setting up the wallet system for automatically assigning all players a PKR coin wallet, including existing clients, buiding the deposit/withdrawal/bonus/rakeback/affiliate payments features, having the wallets integrated in the online player panel and having information about the coin integrated in the website. You are mistaking if you are thinking that this operation would mean a $2000-$3000 investment for Satoshi Poker.
I truly believe in the idea behind your coin, but when looking at the real investment Satoshi Poker has to make to include this coin into the client we have to look at the pro's and the con's. As we have no guarantees about the promo's that are to be held, we don't know if and when the, as your team member called it, bet site for famous people or pokerschool website will be finished, launched and where the famous people come from and how they will be paid. We don't know how quickly we can have this all done, as communication with your organisation is an issue. These were cons we took into consideration.
But the main reason me and the team decided to no longer look further in the coin was the answer to one single question. The question we asked ourselves is: If we are going to invest a serious amount of money into a concept that we like and shows potential and we put in a considerable amount of time into realisation of this integration, but as soon as the coin price rises because of the extra exposure and we find out to be in a pump and dump scheme, we will have our players asking: who are these people, how can we contact them, who is responsible for me buying coins in an exchange and seeing that they have become nearly valueless and we will have our investors asking: who are these people, how can we contact them, why did Satoshi Poker move into this project and pay >= $8000 with partially my money when knowing next to nothing about the people behind it, only communicating through bitcointalk's PM, having no guarantees on promo's or timeframes and now finds itself as a key player in a media circus around a currency that became a pump and dump and on the side is also hosting games in valueless money. We will gain a lot of bad publicity and the only person in this operation who never has hidden its identity is me.
I simply have to make the best decision according to all factors known to me. I have the responsability for my players and my investors and when taking all above into consideration, I feel like it would be a too big gamble to move forward with this, and it would be better to incorporate a coin with less risk or create our own.That was not because it would cost us $2000-$3000 to integrate it. In fact, Gabriel offered out of nowhere that your team would cover the costs for our software company and I went along with that and never complained when you came back on that.
Take care.
.
