Me and a couple of other guys are trying to start out some tournaments on pokerstars Home Games for btc.
How it works:
We collectively decide on a buy in, for example 0.05BTC
Depending on amount of players we decide how the payout should work (usually 50/30/20 to top 3)
We send the btc to a trusted escrow that will hold on to it until the tournament is finished.
We do polls on what game/s to play, structure etc.
We do polls on when to start the tournaments.
We use Play money for buy in so that players from all around the world can play (These chips are free, and we can do a buy-in of 10PM chips).
If you are interested, feel free to PM me and I'll give you credentials to join the HomeGame club
