Bitcoin is the savior of professional poker players

[Xiaoxiao]

Prior to black Friday many Americans and people around the world made a living playing online poker, supporting families, donating to charity, and paying taxes. A lot of that ended when sites were apprehended and forced out.  Now btc and cryptos allow people to make a living again.  There are many people still just playing cryptos only.  It is not that bad of a deal considering we have Betcoin, swc/nitro, others, to choose from.

Betcoin especially because of its shared WPN tourneys and 24/7 cash games running.  Great for college kids needing work for the summer....

Just play break even poker, and you can come out ahead.  If you want more action, hit up nitrogen and swc for lower RB but still some additional action.

Cashouts are super easy.  Unlike all USD sites that take months for checks or whatever.  

If any of you know professional players like Mike the mouth Matusow, tell them about Bitcoin poker, great awards unbeatable rakeback, great action and growing audience.

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[pedrog]

Wasn't aware that professional poker players were in need of saving...

[unholycactus]

Wasn't aware that professional poker players were in need of saving...

Black Friday did ruin a bunch of great opportunities.

[CryForMeSky]

Wasn't aware that professional poker players were in need of saving...

Imagine that you started your own business and ran it, very successfully, for several years.  And then you woke up one day and saw that the government outlawed nearly the entire industry, except for the very small sliver of the industry that they controlled.

'Saving' is obv hyperbole, but the introduction of poker rooms accepting bitcoin deposits and withdraws absolutely added to people's bottom line and, more importantly, improved the quality of life of people like me who abhor going to live poker rooms every day.

[traincarswreck]

Watch what happens when you take a 20 year old lecture (https://www.youtube.com/watch?v=Je22xKQekCk)  and write "poker chips" instead of money and "poker sites" instead of "banks" (I know it seems disjoint but you have to use your imagination!):

The special commodity or medium that we call EV has a long and interesting history.  And since we are so dependent on our use of it and so much controlled and motivated by the wish to have more of it or not to lose what we have we may become irrational in thinking about EV and fail to be able to reason about it like a technology, such as radio, to be used more or less efficiently

So I wish to present the argument that various interest and groups, notably including PSFTFBICIADOJ has sold to the players a “quasi-doctrine” which teaches, in effect, that  “less is more” or that (in other words) “raked poker is better than not raked poker”.  Here we can remember the classic ancient economics saying called “Gresham’s law” which was “the bad money drives out the Good” The saying of Gresham's is mostly of interest here because it illustrates the “old" or “classical" concept of “bad money" and this can be contrasted with more recent attitudes which have been very much influenced PSFTFBICIADOJ and by the results of their influence on poker site policies since Black Friday.

The actions of the DOJ was actually multi-dimensional and consequently there are quite different varieties of persons at the present time who follow, in one way or another, some of the thinking of the DOJ. And of course SOME of its thinking was scientifically accurate and thus not disputable.  For example, FT was labeled a Ponzi scheme. The label “PSFTCIAFBICIA" is convenient, but to be safe we should have a defined meaning for this as a party that can be criticized and contrasted with other parties. So let us define “PSFTCIAFBICIA “to be descriptive of a “school of thought" that originated at the time of Black Friday on April 15 2011. Then, more specifically, a “PSFTCIAFBICIA " would favor the existence of a “manipulative" state establishment of raked poker and poker skin which would continuously seek to achieve “raked" objectives with comparatively little regard for the long term reputation of the poker currency and the associated effects of that on the reputation of poker sites domestic to the state.

In the near future there may be a smaller number of major sites used in the world and these may stand in competitive relations among themselves. There is now the “euro" sites and the old history of the UB scandal is past history now. And there COULD be introduced, for example, a similar international site for the Islamic world or for South Asia, or for South America, or here or there.

There perhaps will always be “rake", like also “death and taxes". But it is sometimes remarkable how poker strategies can evolve. And in relation to that I think that it is possible that “PSFTCIAFBIDOJ " are like a political faction that will become less influential as a result of poker revolution. The “PSFTCIAFBIDOJ” view of things did not come into existence until after the time when what we can call “Black Friday" had become established in the US. And by this label we wish to differentiate between any theoretical or ideal concept of justice and the actual form of governing regime structure that came to exercise state power on the poker community. (All over the world varieties of sites make claims to have systems very properly or even ideally devoted to the interests of the professional or recreational players of those sites and always an externally located critic can argue that the site is actually a sort of despotism.)

PSFTCIAFBIDOJ implicitly always have the argument that some good managers can do things of beneficial value, operating with the skins, and that it is not needed or appropriate for the players or the “customers" of the chips supplied by the site to actually understand, while the managers are managing, what exactly they are doing and how it will affect the “ROI" circumstances of these players.

 I see this as analogous to how the PSFTCIAFBIDOJ were claiming to provide something much better than Ponzi schemes that they could not deny existed in all other sites. But in the end the “dictatorship of the proletariat” seemed to become rather exposed as simply the dictatorship of the regime. So there may be an analogy to this as regards those called “PSFTCIAFBIDOJ” in that while they have claimed to be operating for high and noble objectives of general poker welfare what is clearly true is that they have made it easier for their sites to “print money".

So I see the entire privately raked community as in a weak sense comparable to the “PSFTCIAFBIDOJ " because of the support of both parties for a certain “lack of transparency" relating to the functions of poker sites as seen by the players. And for both of them it can be said that they tend to think in terms of sites operating in a benevolent fashion that is, however, beyond the comprehension of the player of the raked sites. And this parallel makes it seem not implausible that a process of poker revolution might lead to the expectation on the part of players in the “great game types" that they should be better situated to be able to understand whatever will be the rake policies which, indeed, are typically of great importance to players who may have alternative options for where to place their “deposits".

Here is the full doc: https://www.scribd.com/doc/224948379/Ideal-Poker
Here is the same original but about our banking system and money: http://sites.stat.psu.edu/~babu/nash/money.pdf
Here is an explanatory blog https://thewealthofchips.wordpress.com/

[cryptoboy.architect]

Wasn't aware that professional poker players were in need of saving...

Imagine that you started your own business and ran it, very successfully, for several years.  And then you woke up one day and saw that the government outlawed nearly the entire industry, except for the very small sliver of the industry that they controlled.

'Saving' is obv hyperbole, but the introduction of poker rooms accepting bitcoin deposits and withdraws absolutely added to people's bottom line and, more importantly, improved the quality of life of people like me who abhor going to live poker rooms every day.

And how many people's lives were ruined in the process?

http://www.alternet.org/how-gambling-can-kill-you-faster-drug-abuse-or-alcoholism

[CryForMeSky]

Wasn't aware that professional poker players were in need of saving...

Imagine that you started your own business and ran it, very successfully, for several years.  And then you woke up one day and saw that the government outlawed nearly the entire industry, except for the very small sliver of the industry that they controlled.

'Saving' is obv hyperbole, but the introduction of poker rooms accepting bitcoin deposits and withdraws absolutely added to people's bottom line and, more importantly, improved the quality of life of people like me who abhor going to live poker rooms every day.

And how many people's lives were ruined in the process?

http://www.alternet.org/how-gambling-can-kill-you-faster-drug-abuse-or-alcoholism

I have plenty of friends whose lives were ruined due to Black Friday.  I would guess the number is in the hundreds.

[WhatTheGox]

Prior to black Friday many Americans and people around the world made a living playing online poker, supporting families, donating to charity, and paying taxes. A lot of that ended when sites were apprehended and forced out.  Now btc and cryptos allow people to make a living again.  There are many people still just playing cryptos only.  It is not that bad of a deal considering we have Betcoin, swc/nitro, others, to choose from.

Betcoin especially because of its shared WPN tourneys and 24/7 cash games running.  Great for college kids needing work for the summer... Stay at home grinding instead of working at Pizza Hut in the summer.... nope. 

Just play break even poker, and you can come out ahead.  If you want more action, hit up nitrogen and swc for lower RB but still some additional action.

Cashouts are super easy.  Unlike all USD sites that take months for checks or whatever. 

If any of you know professional players like Mike the mouth Matusow, tell them about Bitcoin poker, great awards unbeatable rakeback, great action and growing audience.

Yeah bitcoin poker could be the saviour but the problem is this big ass site known as pokerstars has most of the market and they currently only allow fiat. 

Even when they accept bitcoin they'll still block USA players of course. 

[bitbaby]

Not only professionals but I think many players who don't have poker rooms near by and who don't want to provide their credit card/personal info to the other online sites who don't accept Crypto Currencies as their payment method prefer playing at BTC/Crypto accepting poker sites.

The things that are stopping players from playing at these poker rooms are, lack of trust/players. Most BTC poker players prefer playing at Freeroll tourneys whereas the professional poker players wants busy ring tables.

[grendel25]

Not only professionals but I think many players who don't have poker rooms near by and who don't want to provide their credit card/personal info to the other online sites who don't accept Crypto Currencies as their payment method prefer playing at BTC/Crypto accepting poker sites.

The things that are stopping players from playing at these poker rooms are, lack of trust/players. Most BTC poker players prefer playing at Freeroll tourneys whereas the professional poker players wants busy ring tables.

The part where you say, "... players who don't have poker rooms near by..."  really made me think.  This isn't really in contrast or opposition to what you said... Just my 2-cents on how screwed up some things here in the US are.

I can't stand that the US imposes blockades on the internet for folks who want to gamble online.  Anti-gambling legislation is a relic of the Old West.  Laws were made against it because there were people dying all to regularly when being accused of cheating.  The only reason it's still in place is because of religious fuddy-duddies who don't understand that Americans are supposed to have liberty and freedom. 

[koshgel]

There are still fiat sites like bovada where poker players can play. I wouldn't say Bitcoin is a savior for pro poker players by any means. At most a more convenient method for casual online players.

[sherbyspark]

I did expect bitcoin to be a savior for professional players as well, but seems not a lot of people have moved their poker games on bitcoin sites. There was definitely a lot of traffic post Pokerstars banning US players, but seems an year or 2 later, the interest has died out.
I still wonder where they head for all the action post black friday.

[twister]

I don't know, I haven't met any professional poker players on any of the Bitcoin poker sites I have visited, but it's hard to tell which ones are professionals and which are regulars when they're all donking on almost all hands.

[bajing]

I don't know, I haven't met any professional poker players on any of the Bitcoin poker sites I have visited, but it's hard to tell which ones are professionals and which are regulars when they're all donking on almost all hands.

yeah,what professional poker play on bitcoin, maybe they call them profensional but we know everybody can say what they want

[vennali]

I don't know, I haven't met any professional poker players on any of the Bitcoin poker sites I have visited, but it's hard to tell which ones are professionals and which are regulars when they're all donking on almost all hands.

yeah,what professional poker play on bitcoin, maybe they call them profensional but we know everybody can say what they want

Perhaps you can then argue what the op is saying that its the savior for professional poker players as they will tend to win more against people who will be donking all the time.

As for professional players being introduced to bitcoin, I am sure it already has happened. Micon and other people have already publicized bitcoin enough at WSOP, and most of the pros already know about bitcoin being a way to play poker, but I guess they just don't believe the sites or found other ways to play.

[Bralex]

I am not sure what sites you play that take months to get cash out? I regularly used to win fairly nice amounts at both William Hill Poker and Betfred and used to get the next morning cashout up to 4k or wait a few days for much higher cashouts in cash or straight to my creditcard. USD site suck if they take that long I would never put money on there to have to wait that amount of time. Can see why Bitcoin Poker would be a good bet to play if you are from the US, surprising it hasn't taken off as much as it should have. BetcoinPoker is not doing to bad and I can see that getting even bigger in time but would thought there would be many more players already considering. Lets see what the future holds hopefully many new players..

[adaseb]

Wasn't aware that professional poker players were in need of saving...

Black Friday did ruin a bunch of great opportunities.

Yes its exactly what happened back in the 2000's with online gambling in the USA. I wasn't surprised that this happened. Its the government.

[ticoti]

It is saviour for gambling in general

in my country there are many restrictions to gamble almost every game and with bitcoin is really simple and easy to play without restrictions

[EternalWingsofGod]

It is saviour for gambling in general

in my country there are many restrictions to gamble almost every game and with bitcoin is really simple and easy to play without restrictions

Indeed there is no reason to have house edges of 10% and over like in a Casino when there are low costs, it's also secure and provably fair with low cost and ease of transfer.
Just got to wait and see though I'm sure the government will want to have it's way with it sooner or later like Nevada and SWC
http://insidebitcoins.com/news/nevada-attorney-general-charges-seals-with-clubs-owner/32205

[ticoti]

It is saviour for gambling in general

in my country there are many restrictions to gamble almost every game and with bitcoin is really simple and easy to play without restrictions

Indeed there is no reason to have house edges of 10% and over like in a Casino when there are low costs, it's also secure and provably fair with low cost and ease of transfer.
Just got to wait and see though I'm sure the government will want to have it's way with it sooner or later like Nevada and SWC
http://insidebitcoins.com/news/nevada-attorney-general-charges-seals-with-clubs-owner/32205

Do casinos have 10% house edge or more?? 

I didn't know they have such high rates