Like I've said, I know for a fact that the network was handling all player funds cross-cage processing (settlements between skins on the network. Common practice else every skin would end up owning money to the network or, like you've said, take deposits but don't settle with the network. Thus, networks always handle the processing unless a skin is at VERY good standing with them. Thus anyone who thinks he's owed money, contact Enterra.
That is definitely not how its handled. To acquire a standalone licence is a 1 time payment of around $10-$20K for this kind of poker software, honestly, anymore than 10 and your just throwing your money away. Ontop of that it depends what kind of partnership deal you close. Typically these platforms charge like a % of net-rake (5-10% depending on volume). They do NOT manage the funds in anyway shape or form. That way they take no responsibility for player funds, regulations etc.
my opinion is that most of these brands actually go in with good intentions. But they have no idea what they are doing and when they realize they are at a lose of $20-30K and its time to pack their bags, they take whatever change is left inside. I guarantee you they didn't make millions.
On the other hand, why should a player care? His funds are frozen/stolen or whatever. Very sad!
Anyone who played on the Enterra network can see that the network itself handled the processing by simply looking at the withdraw emails. Those always came from the network / their domain and by looking at their network site the standard revenue share model for this particular network appears to be 50/50. Funky considering that the network doesn't even put any "network wide" promotions up but rather leaves (or should I say left) those up to each individual skin. This is not how you "pool players" and defeats the purpose of offering a networked solution in the first place.
Edit:
@game-protect
Enterra what?
Enterra Poker delivers the software and do not state anything about a poker network!
http://www.enterra-poker.com/pokernetworkshttps://www.enterrabitcoinpoker.com/https://bitcointalk.org/index.php?topic=1139633.0So Cyberdeck Poker launched its own "poker network" and called themselves the flagship while their network had no other skins and therefore of course a very low traffic as a standalone site.
You don't get it uh? CDP was the first skin on that network owned and operated by Enterra. Apparently they were meant to be the flagship room but there was basically zero intensive by the network to make the effort of all their skins work due to a lack of any good network wide promotions. Basically each skin put up their own tournaments and whatever and most used to set them up so they would only show on their own skin. CDP were the only ones out of the bunch of skins who tried to make this really work. The other skins were just running 1-5 chip freerolls and then hunted their players on their own cash game tables.
I know that because I used to play on 3 of those skins and they were all crap and their collusion at the cash tables vs the other players was just obvious and blunt.
So yeah to get back to the actual point of my initial reply. Anyone who still has a balance on ANY of their skins is owed by the network operator, Enterra.
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Seems you know more than I do. In anycase, Flagship, white-label or licensed, they didn't do a very good job.
I think any btc poker room should segregate player funds, and add at the very least $10K in btc equivalence just for player payout. Then they can decide how much money/investment and work they will put into marketing.
Losing funds of players is absolutely unacceptable.
Perhaps this is one of many reasons why bitcoin poker hasn't really evolved with the years. Should have been huge by now
I couldn't agree more. I believe the network itself made a huge mistake. They probably exchanged deposits for fiat and then they woke up to BTC at X times it's value. Imho CDP did a good job with their efforts to make their skin work but if the network operator screws up, what can they do? I think if CDP was a standalone room they could have succeeded. I chatted with them many times and, like others said, they were on top of player collusion, had some good skin exclusive promotions etc.
Honestly, networked poker is dead (imho). Over the years I've seen so many sites and networks (real money) go down and I was really hoping that this BTC network would succeed. The idea was great since you really need to pool players to have a decent number of players in Bitcoin but yeah, badly executed from the networks side.
I've checked your site and have two questions:
1. Do you require documents on withdraw? KYC?
2. Do you run the tournaments mentioned in OP? Like weekly guaranteed 5K? Because the tournament schedule on your site is empty.
LOL
