Bryan Micon Poker % buying thread: Bellagio $1,080 Position NL 11/29/12 [OPEN]

[Micon]

I am going to use one thread and bump it when I play a tournament and want to sell a piece to the BTC community.  I'll change the title to reflect the status of this thread.

I have been playing professional poker for about a decade, and I also gamble in a +EV manner on a handful of other way.  I have 2 WSOP final tables, 1 in $2,000 buy-in No limit in 2006 and another in $1500 HORSE in 2009.  I play both NL and mixed-games tournaments, something I specialize in.  I play live poker about twice a week now as I spend most my gambling time on SealsWithClubs, usually playing a small tournament or cash mixed games.

When I am running a tourney with shares sold on Bitcointalk, I will always update my twitter regularly with chip counts and the occasional pic / video update for fun.

http://www.twitter.com/bryanmicon

Some live results:

http://www.bluffmagazine.com/players/bryan-micon/19110/player-profile.asp

http://www.pokerpages.com/player-profile/bryan-micon.htm

http://pokerdb.thehendonmob.com/player.php?a=r&n=67931

a video of me on ESPN during 2006 main event:

http://www.youtube.com/watch?v=x-mBUA-uUDM&feature=related

I will always use this hash for receiving coins for transactions in this thread for max transparency :  

1MALd2BKccYX4uapwtnx1HHcTBziWZ8jSH

Shares are always sold on a "first shipped / first served" basis - meaning that BTC has to hit the hash or the Seals xfer has to be on my screen to lock your share.  

GL ALL!

[Micon]

heading to play the HORSEament at the Orleans tonight.

Date: Tonight 9/23
Time: 7:00 pm PT
buy-in:  $100
Venue:  The Orleans  [ http://static.boydgaming.net/orleanscasino10/media/downloads/PokerRoomDailyTournSchedule_Feb2012.pdf ]
Current MtGox Price: $12.20


To make this easy, I am going to sell 10% shares for 1 bitcoin each.  This means that for 1 BTC or about $12.20 you are going to be entitled to 10% of my tournament winnings, if any.  This also means you are paying appro

I am going to sell up to 4 shares. 

1MALd2BKccYX4uapwtnx1HHcTBziWZ8jSH

first coins locks it up, and you can buy more than 1 share.  I will also accept chips on Seals (1000 chips per share obv)

[Evolutionary]

I'll take 1 share Micon gonna send you SWC chips

[Micon]

I'll take 1 share Micon gonna send you SWC chips

Seals chips rec'd

10% of tonight's HORSEament tourney winnings at Orleans will go to Evolutionary  (also I will hit you back on Seals if I cash)

[crosby]

I'm in for 1 share

[Micon]

I'm in for 1 share

ok, 3 are available, I know u wanted in on this 1

hit the hash or the seals chips to lock it.

[Micon]

I'm in for 1 share

locked / 2 left

[Luceo]

Sent 1 BTC.

Please re-pay anything I earn to 1KcraSQRBHjGPrdQFowob7SaxAU2qxNFHh (this is one of the input addresses).

[Micon]

Sent 1 BTC.

Please re-pay anything I earn to 1KcraSQRBHjGPrdQFowob7SaxAU2qxNFHh (this is one of the input addresses).

rec'd / locked / 1 left

[Luceo]

Just one thing: By allowing payments to a public address, you will need to restrict repayments to the input addresses (otherwise anyone can claim to have made a payment). This means people need to steer clear of services like mtgox when paying you as they do not send from input addresses which go back to the user's account.

[Micon]

cousin Dave shipped 1 coin on Seals, he gets last share

SOLD OUT

[Evolutionary]

Just one thing: By allowing payments to a public address, you will need to restrict repayments to the input addresses (otherwise anyone can claim to have made a payment). This means people need to steer clear of services like mtgox when paying you as they do not send from input addresses which go back to the user's account.

I thought I understood bitcoin, this has me totally boggled.  Care to explain?

First point of confusion:  What is a repayment?

[Micon]

Just one thing: By allowing payments to a public address, you will need to restrict repayments to the input addresses (otherwise anyone can claim to have made a payment). This means people need to steer clear of services like mtgox when paying you as they do not send from input addresses which go back to the user's account.

I thought I understood bitcoin, this has me totally boggled.  Care to explain?

First point of confusion:  What is a repayment?

I think he means if it's like satoshidice and I would robotishly auto-ship the coins back to sending address if they won. 

if we win tonight, I'll ship coins to whatever hash Luceo wants.  only 4 shares and 1 is to my cousin, and the other 2 are Seals guys, and like I said Luceo gets 'em wherever he wants after I hopefully ship it!

[Luceo]

Actually, what I meant was that anybody could watch your deposit address and claim to have sent a payment sent by anybody else. This would mean they could effectively steal (or at least create a dispute over) another person's deposit.

For example:

User A sends 1-4 BTC to you.
User B watches your deposit address on blockchain.info.
User B sees User A's deposit, posts on your thread saying to send back to a totally different address.

By restricting payout to input addresses, you guarantee that the person who deposits receives any payouts, and minimize the risk for dispute. An alternative would be private deposit addresses.

[Micon]

Actually, what I meant was that anybody could watch your deposit address and claim to have sent a payment sent by anybody else. This would mean they could effectively steal (or at least create a dispute over) another person's deposit.

For example:

User A sends 1-4 BTC to you.
User B watches your deposit address on blockchain.info.
User B sees User A's deposit, posts on your thread saying to send back to a totally different address.

By restricting payout to input addresses, you guarantee that the person who deposits receives any payouts, and minimize the risk for dispute. An alternative would be private deposit addresses.

then wouldn't User A then post saying "User B is lying - look I can easily prove that transaction came from a wallet I control" 

 I guess that hits on what you were saying earlier not to send from a green address, i.e. a Gox cashout, or some other wallet you can't prove you own.

[Micon]

heading to play the Friday Night $125 NL MTT at the Orleans, sponsored by Metamucil.

Date: Tonight 9/28
Time: 7:00 pm PT
buy-in:  $125
Venue:  The Orleans  [ http://static.boydgaming.net/orleanscasino10/media/downloads/PokerRoomDailyTournSchedule_Feb2012.pdf ]
Current MtGox Price: $12.39

I am willing to sell a 25% piece of this tournament for 3 BTC

This means that for around $37USD you are buying $31.25 or 25% of tonight's Orleans NL tournament.  Any winnings I cash in said tournament, 25% will be returned to a hash of your choosing or on Seals if you want.  I will convert at MtGox spot price when I send the funds, i.e. you are gambling in USD as soon as you xfer me the coins and you are holding USD until I send them back - I also promise to send winnings within 24 hours of the tournament end.  If it is a large amount won I may need to take cash to Bitinstant the next day.  It is more than likely I have enough coin on hand to send any winnings immediately.

I am going to sell 1 share of this tournament only.  I am constantly testing and refining this process for the first few small tournaments people buy pieces of, and I'm going to try the just 1 share way for this one.

1MALd2BKccYX4uapwtnx1HHcTBziWZ8jSH

first coins locks it up.  I will also accept chips on Seals

[Micon]

Closed / no takers in the small window I had it open.  Gonna run this 1 on my own obv / will report results either way:

-$125 again

[Micon]

heading to play the Friday Night $125 NL MTT at the Orleans, funded by mostly social security checks.

Date: Tonight 9/28
Time: 7:00 pm PT
buy-in:  $125
Avg # of players: 200+
1st Place (estimate): $5,000 USD
Venue:  The Orleans  [ http://static.boydgaming.net/orleanscasino10/media/downloads/PokerRoomDailyTournSchedule_Feb2012.pdf ]
Current MtGox Price: $12.11

I am willing to sell up to 4 (four)  10% pieces of this tournament for 1.5 BTC

In the poker world, we would express this a "1.45 markup" or we would say "I'm paying 45% markup for a piece of Micon in the Orleans Friday night $125 NL" meaning for every $1 of action, you are paying $1.45.  Further more you are doing this because you think I am much better than the field in this competition, and in this particular tournament I have an established 200%+ ROI, meaning you guys are getting a good deal. 

Any winnings I cash in said tournament, 10% will be returned to a hash of your choosing or on Seals if you want.  I will convert at MtGox spot price when I send the funds, i.e. you are gambling in USD as soon as you xfer me the coins and you are holding USD until I send them back - I also promise to send winnings within 24 hours of the tournament end.  If it is a large amount won I may need to take cash to Bitinstant the next day.  It is more than likely I have enough coin on hand to send any winnings immediately, but occasionally this $125 turns into about $5k and while it's a fun issue to have, you guys will need to give me 1 day to convert.

I am going to sell 1 share of this tournament only.  I am constantly testing and refining this process for the first few small tournaments people buy pieces of, and I'm going to try the just 1 share way for this one.

1MALd2BKccYX4uapwtnx1HHcTBziWZ8jSH

I always sell pieces of my tournaments on a first-come-first-served basis.  first coins locks it up.  I will also accept chips on Seals.

As usual I will provide tourney updates, pix of the old ppl, and lulz via my twitter for the duration of the tourney:  @BryanMicon 

GOOD LUCK ALL! 


[/quote]

[Micon]

sold 1 share, some1 sent me coins but no one contacted me.  obviously whoever shipped it / plz confirm here with some info that will match this transaction ID I have.

[Micon]

shares 2 & 3 went down

10% - unknown hash (will send winnings back to sending hash if no one proves)
10% - illpoet on seals
10% - timewaster on seals

1 share left