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Author Topic: HungerCoins Poker Fund  (Read 3606 times)
max in montreal
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September 13, 2012, 04:46:26 AM
 #21

come on poker online? you cantr make money with that... Wink

maxinmontreal.com
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iamtheone (OP)
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September 13, 2012, 07:06:33 AM
 #22

come on poker online? you cantr make money with that... Wink

maxinmontreal.com

Why not? Didn't you know it's a very big industry?
max in montreal
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September 13, 2012, 11:49:55 AM
 #23

I can easily say without exageration, poker accounts that i have control over have played more than 1 million sit and go's.

Check out the link:

http://www.maxinmontreal.com/
luv2drnkbr
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September 14, 2012, 05:20:41 AM
 #24

oh man i am bookmarking this thread.  bots, staking, so much potential!  im a horse for a guy who runs high stakes home games in the LA area, and he has a bunch of others, so every time a game goes it's:  5 good players who are being staked, 2-3 bad rich players.  he takes 5%-10% $200-$300 max rake, so he rakes 10-30K a night, paid for by the 3 losing bad players, and he has 50% of the rest of the money won by the winners.  it's a fucking amazing sweet gig.  now then, regarding bots, i started to program a bot for cash games, the only form of nlhe im really REALLY good at, but i stopped after i had mapped out about 300 distinct flop textures and a few dozen stack size inflection points.  but i might go download winholdem or openholdem now and either program a hyper turbo push fold bot or go download whatever university of alberta has recently.

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September 14, 2012, 05:49:29 AM
 #25

All I can say is that currently he has been true to his word and returned stakes +1% after 144 confirmations. I have no idea whether his idea is sound or not and whether he can sustain it in the long term. Thats all I really have to say at the moment, my knowledge of poker is limited to the very few number of games I have played with friends with a few beers, I have no idea how the big boys play!

Most recent send:
https://blockchain.info/tx/be9c9272aa3d12b2a98453d1f2e3288cd4923afe87341f0c36df2acc4f1aae58

Recieved back with 1% interest:
https://blockchain.info/tx/f2f63389ec6334d6413977024aed14d7416d8e0681b683e960f33269629e51dd
iamtheone (OP)
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September 14, 2012, 11:39:22 AM
 #26

All I can say is that currently he has been true to his word and returned stakes +1% after 144 confirmations. I have no idea whether his idea is sound or not and whether he can sustain it in the long term. Thats all I really have to say at the moment, my knowledge of poker is limited to the very few number of games I have played with friends with a few beers, I have no idea how the big boys play!

Most recent send:
https://blockchain.info/tx/be9c9272aa3d12b2a98453d1f2e3288cd4923afe87341f0c36df2acc4f1aae58

Recieved back with 1% interest:
https://blockchain.info/tx/f2f63389ec6334d6413977024aed14d7416d8e0681b683e960f33269629e51dd

I also doubt I can sustain it that's why I reserve the right to lower the interest or increase to confirmation when the average fund level increases so much. It is a balance of making it attractive and making it sustainable long term.
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September 14, 2012, 12:41:43 PM
 #27

For this fund, we will accept deposits and automatically return your funds with interest with the following terms:

Loan duration: 144 confirmations (24 hours)
Interest rate: 1.0%

[...]

Before you accuse us of any scam or ponzi, we let you know in advance that all the above statements are what we will stand by and we will continue to become a valuable service provider in the bitcoin world. We will not force you to invest in us. Be wise enough to make a good decision.

pirateat40 offered 7%/week while you are offering 7.21%/week compounded. Since you will use the new investors money to reimburse older investors (it would make no sense to do it another way and handle seggregated wallets if you need a continuous loan for your players), it cannot be distinguished from a Ponzi scheme until you either reimburse all the funds or fail to do so.

I get that you are not willing to publicly disclose your identity, but why not send some identification proofs to a few trusted, non-anonymous members of this community, with the explicit authorization to release them if you fail to reimburse funds without convincing explanation for a specified period of time (two weeks)? That should make everyone more comfortable trusting you with their money.

Shermo
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September 14, 2012, 01:17:19 PM
 #28

I get that you are not willing to publicly disclose your identity, but why not send some identification proofs to a few trusted, non-anonymous members of this community, with the explicit authorization to release them if you fail to reimburse funds without convincing explanation for a specified period of time (two weeks)? That should make everyone more comfortable trusting you with their money.

That does sound a fairly reasonable idea, I would guess you are unlikely to get all that much investment at the moment with what just recently happened. I don't mind a small gamble but to invest in something requires more certainty, but then again I can "invest" much more than I am willing to "gamble"... although all investment is a bit of a gamble to some degree.
iamtheone (OP)
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September 14, 2012, 01:59:21 PM
 #29

Thanks for the suggestion. That will be highly considered.
jasinlee
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September 16, 2012, 12:25:46 PM
 #30

scam accusation sent

https://bitcointalk.org/index.php?topic=109925.msg1195316#msg1195316

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