BTC Poker Room - NEW DEPOSIT PROCESS

[BTCPokerRoom]

Hi!

Because of the feedback we have received concerning our deposit system involving a "pin number", we have decided to change to a new and easier system.

Starting later today, all players will be assigned a unique BTC address to send their deposits to. Current players will receive an email today or tomorrow with their unique BTC deposit address. New players can expect to receive their deposit address via email within a few hours of setting up their account. We are going to continue to process all deposits and withdraws manually for the near future. Why? Because with anything automated there is an increased risk for hacking and fraud. (MTgox in June and mybitcoin.com in July) We want to be sure that our player's BTC is safe and the best way to do that us to manually process all transactions.

We hope this will assure all of our current and future players that their BTC will not only be credited to them in the poker room, but be safe while on deposit with us!

BTC Poker Room
No Rake or Tournament Fees, EVER!

http://btcpokerroom.com

[1713429846]

1713429846

[1713429846]

1713429846

[1713429846]

1713429846

[Juggernaut118]

What happened to the site and my bitcoins?

[Weaver]

What happened to the site and my bitcoins?

How many coins did you have deposited into his site?

[Jonathan Ryan Owens]

What happened to the site and my bitcoins?

How many coins did you have deposited into his site?

That's not really a polite question, the quantity doesn't matter to anyone but him.

Not to be impolite myself, but it's a pertinent question as it seems readily apparent that the fellow was / is going to offer some free bitcoin to play with at his poker site. Perhaps he should have said "PM me" instead, but I don't see what's wrong with asking, especially when intent is so obvious.

It's good marketing.

-Jonathan

[Juggernaut118]

What happened to the site and my bitcoins?

How many coins did you have deposited into his site?

I deposited 10 bitcoins. This is nothing compared to the $2700 I lost to Fulltilt and the Department of Justice. The only bet I should be making is the DOJ is already looking into shutting down bitcoins.

I'm mostly pissed that this guy is going to get away with ripping me off. What is to stop any of these online gambling sites from disappearing with their clients money?

[Weaver]

What happened to the site and my bitcoins?

How many coins did you have deposited into his site?

I deposited 10 bitcoins. This is nothing compared to the $2700 I lost to Fulltilt and the Department of Justice. The only bet I should be making is the DOJ is already looking into shutting down bitcoins.

I'm mostly pissed that this guy is going to get away with ripping me off. What is to stop any of these online gambling sites from disappearing with their clients money?

I'll look into your claim. I got some limited info about the BTC Poker Room guy. The Bitcoin-Police will figure out what went down

As for ripping you off, etc. The Admins and I at BTC On Tilt have sunk a shit ton of money into the site. Not to mention way too much time. It's obviously still a question of trust. We're working on incorporation and transparency. But yes, the main problem is the DOJ. We've made sure the site's wallet is FARR from their grasps.

[madsokrates]

Yeah, same happened to me with the btc poker room shutdown. It disappeared while I was waiting on a .8 btc withdrawal which has never showed up. This was maybe 10 days ago.

[ssaCEO]

What stops a legitimate online casino from running away with players' money? Incorporation, licensing, paying taxes in a proper jurisdiction, and a sufficient long-term investment of time and money. All of that spells a legitimate business. Good rule of thumb (and this is true for non-Bitcoin, Costa Rican casinos that take US players, who we won't do business with either): If a company's willfully breaking the law, or encouraging their players to break the law, or haven't researched the law or don't give a damn about the law, if they're not incorporated where they're doing business, aren't licensed, and have a website that took about a week to build, then those are all great reasons to think that they don't give a **** about stealing your money. Look on Casinomeister.com at the "Rogues" section, and you'll see it's a common problem all over the industry, not just in the 0.001% constituted by the Bitcoin market. But Bitcoin's a completely new market, and it's empowered a lot of undercapitalized sites that would never otherwise have been able to open as casinos. Including ours. To this point, almost all of the Bitcoin sites out there match the textbook description of rogues. They're slapped up overnight with no-name software that looks 10 years out of date, have no legal standing, have no contact information, and few reasons not to disappear in an instant with your money. I'm just telling it like it is.

We're working on incorporation and transparency. But yes, the main problem is the DOJ. We've made sure the site's wallet is FARR from their grasps.

Weaver, I give BTCOnTilt credit, in spite of you saying that you've gotta be our adversaries, because I think BTCOnTilt is one of the only Bitcoin sites that's, at least from what I've seen, made a good-faith effort to run an honest, transparent poker business, come clean with players in all circumstances, and get on the right track to becoming a legit business as opposed to a fly-by-nighter. I'm assuming you've at least developed a legal argument for why poker in BTC doesn't violate UIGEA...and if you're willing to go to court, and it holds water, you'll be the American poker heroes of the decade. There's no doubt there's a huge market for what you're doing. Believe me, we've been tempted to take US players. But taking the shortcut of accepting them could turn into a longcut if the DOJ gets interested -- and given their interest in Bitcoins already, it's not a huge leap to imagine why they would. You're a lawyer, right? So maybe the point is to get this in front of a district court and make your bones. Our lawyers have less than zero interest in testing that. But it does mean that players have a right to be concerned about what happens if some grand jury hands down an indictment, regardless of where the wallet is. IMHO you should get outta the US market and physically outta the States as soon as possible.

OUR players have a right to be concerned about our standing as a Costa Rican casino. I'm the first to admit CR ain't the most rigorous jurisdiction, which is why we publish and hold to our own standards. But obviously after putting 10,000+ hours into software development and legal work, the main object for us is to license our code to other casinos for $50-70k/month, not to blow all our work by stealing a few bucks from Bitcoin players. The best insurance we can give our players is that the software and the legal status cost us 500-1000x the amount of player cash we're holding in our system; and we'll be making that back over the next few years by keeping them coming and playing, and keeping our 5%...and by proving how stable and reliable we are, so we can license our software to the big guys.

[BTCPokerRoom]

What happened to the site and my bitcoins?

How many coins did you have deposited into his site?

I deposited 10 bitcoins. This is nothing compared to the $2700 I lost to Fulltilt and the Department of Justice. The only bet I should be making is the DOJ is already looking into shutting down bitcoins.

I'm mostly pissed that this guy is going to get away with ripping me off. What is to stop any of these online gambling sites from disappearing with their clients money?

UNTRUE! There were NO DEPOSITS AT BTC POKER ROOM PERIOD! That is why we shut down!  You lost nothing, because you deposited nothing. Nice try MORON!

I'm just saying!

[ssaCEO]

You guys never took deposits? Wtf is this thread about?

Edit: Okay, after reading the other threads... no one ever deposited according to BTC PR. So Juggernaut118, were you bluffing? I think it's on you at this point to show that you deposited if they say you didn't, and no one ever did...

RE-EDIT: On the other hand, the "New deposit process" name of this thread definitely makes it sound like you already had a deposit process... (?!) BTCPokerRoom, a fuller explanation than calling the player a moron would probably help clear this up...

[CJYP]

Will somebody please provide blockexplorer links to the supposed deposits?
There are three topics like this, none with any link to the transaction.
If we can see the transaction, it could turn out to be an honest mistake and BTCPokerRoom might be able to sort it out without being  called a scammer.
EDIT: Juggernaut118 is the only one who lost money and is complaining here, so my guess is it is an honest mistake. Juggernaut118, can you please provide the transaction?

[ssaCEO]

Outta curiosity, if you guys never took deposits and your software basically cost nothing to launch, why did you close instead of sticking with it?

[BTCPokerRoom]

Outta curiosity, if you guys never took deposits and your software basically cost nothing to launch, why did you close instead of sticking with it?

We started our poker room without knowing that there was another site doing pretty much the same thing, btcontilt.com, with the same software, so we were a little behind the curve. Also, We actually had ONE deposit and that player withdrew their 2.00 BTC after 3 days of having no one to play with because our site had no traffic. We have been running the PM software on several other poker websites and the BTC thing was just another site we setup. We never got a script to integrate the BTC deposits and withdraws to integrate with the PM software, so all was manual. That wasn't going to be a good thing after some time. We did email specific BTC deposit addresses to all players a day before we pulled the plug, but we received NO DEPOSITS. Also, we had a generic BTC address that was used for deposits in conjunction with a PIN number, but players didn't trust that. A poker room is only as good as the trust players have for it. So, before any more complications, we dropped the site and no one lost ANYTHING!

I would be interested in knowing what address the player calling us scammers sent their deposit to. We only saw one deposit and it was for 2.00 BTC and that player withdrew it with no issues. There were also several players that withdrew their FREE winnings without problems.

I am in the process of redirecting our web address to btcontilt.com so people wanting to play BTC Poker, will be directed their instead.

Really, scammers? Don't think so. 10 BTC? What a joke!

[CJYP]

http://blockexplorer.com/search/19fFRkZ7zxiSX8Z2goiogDDEs9n1ht87BGS
It shows no results. Are you sure that was the address? If you don't mind me asking, what address did you send from?

[BTCPokerRoom]

I looked back at my transactions more carefully and I'm sure I did deposit .10 bitcoins into BTC poker room on 8/14/2011 to 19fFRkZ7zxiSX8Z2goiogDDEs9n1ht87BGS. I did screw up on the 10 bitcoins and I'm sorry about that, but I am relived at the same time. How do I show I deposited? I took a screen shot of the transaction and see no way of attaching it or pasting it. Hopefully madsokrates will speak up again also.

I show NO DEPOSITS on 8/14/2011.

Here is a screen shot of my BTC Wallet. See there is nothing from 8/14/2011. Also, if you are crying about .10 BTC,, damn.

http://nflpool2011.com/screenshot2.jpg

[madsokrates]

I looked back at my transactions more carefully and I'm sure I did deposit .10 bitcoins into BTC poker room on 8/14/2011 to 19fFRkZ7zxiSX8Z2goiogDDEs9n1ht87BGS. I did screw up on the 10 bitcoins and I'm sorry about that, but I am relived at the same time. How do I show I deposited? I took a screen shot of the transaction and see no way of attaching it or pasting it. Hopefully madsokrates will speak up again also.

Sorry, I should have clarified. The 800 chips I tried to withdraw were won in a freeroll. After waiting around to use them for a bit I decided to withdraw because no one was playing. That withdraw never showed up. So no, I never made a deposit. Sorry for the misunderstanding.

[voteformeg]

17 september i try to deposit btc , lucky me i sent just 0.01 btc because it is new 1 day later and i can still not play poker , too bad because i thougt this was a trustful site , also send an email but no answer back but it was yesterday so maybe .....?

do not need my money back but when i recieve not an email i never try btcpoker again

[BitcoinCasino.org]

I wanted to check out your site, but it isn't loading. Technical problems?

[b!z]

I wanted to check out your site, but it isn't loading. Technical problems?

Well, this thread is 2 years old, you know.