I suggest anyone who wants to invest into this "crypto coin" to read this thread:
https://forumserver.twoplustwo.com/28/internet-poker/ann-ico-coinpoker-poker-future-today-1694786/(twoplustwo is by far the biggest poker forum in the world for those who don't know)
A lot of interesting discussion going on there. Very smart people who understand very well the poker industry scrutinize coinpoker and expose it as potentially a scam.
Play freeroll there if you want, but stay way from it if you want to "invest".
I am one of the players in that thread, and consider myself quite knowledgeable on the subject of these emerging projects. It's not right to say "potentially a scam". Players have always been careful in protecting their community, it is bad everyone is scams run rampant. It's bad for the game and scares away potential players.
So we are scrutinizing the project, but its not that it seems like a scam, it just must pass the player's scrutiny and this will take time to discover.
But it is a good idea for anyone to check that thread out, it has a different tone because there are many professional and full time players kicking around 2p2.
Cheers
(the above post about renting a bot IS certainly a scam though and I reporting it
That's why I say "potentially" a scam, I didn't say it's a scam right away. But if anyone reads that thread, I think it's clear CoinPoker has way too many concerning problems going on at the moment, from their technologies, to their human resource choice, their way of handling private data/information, their stance against decentralization from their head of security, and so on. Also, the fact that they keep dodging questions after questions in that thread despite being asked repeatedly is also a red flag.
I think most people in the bitcointalk community only plays poker for fun. They don't know the in and out of the poker industry, what problems we have now, and how CoinPoker actually is going to solve those. They are a bit too optimistic. I just post the thread so that people can at least inform themselves properly before making investment decisions.
Personally, my impression about CoinPoker is:
- Very nice client implementation, I was surprised to see a project that started just a while ago has such a good poker client (much better than many long standing clients). Until I know it's just a re-skin of existing software.
- They are correct when they say with Ethereum network it's impossible to fully decentralize poker cause the transaction time takes way too long. But maybe they should investigate other platform then? Like Iota?
- But if it's that way, then the only thing CoinPoker has better than current poker softwares is the fact that their RNG is decentralized. But RNG was never a problem with major poker clients anyway. We can actually verify RNG better by analyzing statistical data from hand histories.
- And CoinPoker has a lot of major short comings compared to other poker softwares, for example the fact that we can't export hand histories to analyze with 3rd party softwares - a crucial way to prevent cheating, detecting collusion and other foul plays.
All in all, I would say that with the way it's heading, CoinPoker has even more security issues than PokerStars or other major poker clients.
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