Lots of people are selling lock funds and i was thinking about buying some for the right price. my question is what is the point to having other lock members p2p transfer you money if you will never be allowed to cash out.????? i dont mind a play minimum requirement as long as its not insane. i dont play poker 5 days a weeks its like a 2-3 days a week max for me. can some one form lock please elaborate on the requirements to cash out when you get p2p transfers and what if any minimum play requirements there are???????

That is what we are attempting to get them to talk about. Obviously there is no point to receiving a transfer if you arent allowed to do anything with it. And obviously this is not the same policy as any other site as they have idotically claimed. They give conflicting information and refuse to clarify. It is extremely frustrating to ask the world's most simple questions and receive zero answers.

Lock should be ashamed and embarrassed. And should say so.

No one knows exactly. Trying to pin Lock down on the requirements is like attempting to nail jello to a tree.

i see, i mean i did plan to play with the funds i would get to try and get my bankroll up but if i am going to get a p2p and not be able to cash out unless i play 20k hands then im not going to put my trust in lock as a site when there is little reason for me to trust them as it is right now. i am the one who is taking a gamble on buying funds from another player so why when i put my trust in lock do they give me no reason to trust them back ???

Tap, their latest emails directly state that there is no playthru or anything like that....players are simply NOT allowed to cashout transferred funds at all....or winnings they received at the tables in which they used funds received through a transfer.

It's ridiculous but that is what they have said multiple times. They have said a couple other things to contradict that as well...but I wouldn't hang my hat on that when so many from lock are saying you cant cashout the funds at all no matter how much you play.

They need to get their freaking act together and figure it out. The players don't know what is going on with this because lock themselves do not know.

all the other **** flying around is deflecting from this being BY FAR the most pressing issue. there is no evidence to support their claims to the contrary.

i see what your saying ....then how do they explain Evan having the p2p if its useless. no where in the help or facts on lock does it say there is no point to getting p2p transfers becuase the money is then useless. there has to be some explanation to that. i dont understand why it is taking so long to give us answers. thease are such simple questions whre is this Shane guy everyone says to talk to ?????

this is becoming some full tilt poker status type stuff going on now.

Awesome analogy.

Shane is gone...promoted...demoted...resigned...dunno

Look at the thread in this forum started by lockpokerofficial titled "a message from security"

The 1st post in that thread is all anyone has to go on right now.

Keep in mind 2p2 has pulled all of lock's advertising banners until this situation is rectified to their satisfaction.

Bottom line...lock money is really cheap right now....but it could be monopoly money or you could double your money if the issue gets resolved.

It is looking more like monopoly money at this point.

Buy at your own risk.

Anybody investing in lock currently should buy penny stock of business searching for Gold, IMO.

Honestly my lock money currently have less value than any stock i would have got in 2008 just before the financial crash. I wish i could trade my lock money for stocks currently

bitcoins... telling you "bitcoins".. but nobody ever listens to me

u answered ur own question

Bitcoins do not have the glitches in processing.

However the limited supply and creation of additional bitcoins pose problems

EPGL penny stock is the way to go imo. You actually have a chance of making money, forget lock poker funds.

it doesn't really since the controlled supply is reflected in the rate. However, I was just answering to Metalguru regarding investing money in gold, stocks etc. imho and if you're able to handle the swings (which poker players should be able to) btc intraday trading is where the money is at.

Unless a 1000% ROI trading btc's since March isn't good enough

However, any news on the press release regarding p2p?

I just returned to online poker after I ran a freeroll win of $4 into $600 in a couple of weeks. I am going to attempt a minimum withdraw tomorrow and I will keep you posted.

Para, the P2P policy doesn't apply to you and your tournament winnings. It only affects players who have received a player to player transfer.

How does it work if you receive a P2P and want to P2P the money back out?

You can withdraw all of your balance once you meet the playthrough requirement, which is 15% raked.

So if you get a 1k transfer, you need to pay $150 in rake, then you can withdraw whatever you want.

[edit]

** I think it's 15%, it might be more though.

Jim got it right. You'll have to generate 15% in gross revenue from a received p2p in order to put in a cashout request for the received cash. So if you receive $1,000 via p2p you'll have to rake $150 before you can cashout the $1k.

Any "winnings" are not subject to the play-through policy and you can request a cashout for those at any time.

P2P the money back out.

Only issue there is your daily/weekly transfer limits. But as long as you keep the trade(s) under those, you shouldn't have an issue. The playthrough requirement only applies to people cashing out.

I liked your old picture better Nutz

^^ But I'm a stats man...bee bop bada bope...