I think they said they were part of a network. I assumed the software was not newly developed.

My paypal concern is not that the FBI is going to swarm a guy playing 5/10 cent poker using a paypal account, rather that Paypal eventually discontinues their ability to use them as a processor for payments. Indeed adding Bitcoin would give them a lot more gravitas in that regard. Paypal by itself (with the sketcy quasi-approval we have seen so far) is a definite risk, not that this site intends to steal money like Lock Poker, rather that they have no way to pay people if Paypal removes their processing ability. Only one basket for those eggs so far.

The 2 dudes in a basement is more a characterization. Sometimes it is 3 or 4 dudes...

From playing there, they are clearly not part of a network. They said they have an associated casino, I think.

The software is exactly the same that Nitrogen.eu uses.
As far as the Feds, the Feds have left enforcement to the indidual states. So enforcement might come from NV, NJ or any other state that regulates poker or names it illegal if their free sweeps model is challenged.
DOJ currently states that Wire Act does not apply to poker so state law is what counts. If PP is taken away, and they are honest they could always write a check. Relax. The important part is whether they are honest or not. Relax all the other negative stuff posted is paranoia.

They are likely honest, but if paypal gets removed then whether they are honest or not is secondary to their ability to process payments. It is not as easy as simply busting out a checkbook and write some personal checks, and in fact some people have had their ability to do transfers with the BoA accounts shut (or even their accounts shut) when BoA attributed the activity to gambling.

I do not get crook vibes here, more naive ones, and those should definitely be a factor when choosing whether to play or not on the site.

Nitrogen sports a bitcoin sportsbook uses the same software but globals seems more stable in terms of few disconnects.

Yes, that's the one I was thinking of and couldn't come up with. Thanks you two.

Hi guys.

Yes its true that we are using Cubeia poker software. Which is what Nitrogen.eu is using as well.

BUT, we have no part in the network or pooling of players. Ringfenced if you will. We have purchased the source code and we are in the process of forking it, which means that we will take full control and ownership of it.

This is an excellent answer to my question, thank you.

it's been 4 days now, where is this reply?

It will be up on Saturday. Took a day or two longer than expected.

are player funds segregated.......or not......?
(why does this take longer than a second to answer?)

Yes ?

No ?

Hi ZenForest, and all other members here on TwoPlusTwo.

Please go to

http://forumserver.twoplustwo.com/25.../#post51699517

I think most of your questions and concerns will be answered with the FAQ doc that I put up just a few minutes ago.

I know its a bit late and that you probably wondered why we decided not to answer a simple question like yours right away, but we felt that it was better to cover most or all of it at once.

Thanks for the patience

*

Edit/MH: See Sub-Forum at http://forumserver.twoplustwo.com/252/global-poker/

Are these strictly PayPal transfers you're talking about?

I'm not sure where you're getting Paypal out of that post.

It's clear that the poster refers to being paid out by checks when referring to BoA cancelling accounts.

Probably because PayPal was mentioned in the previous sentence.

Yes, it was. I read it as "if Paypal is removed, a secondary solution isn't simple because banks will shut down accounts for gambling-related transactions".

But I feel like I'm derailing now by translating someone else's post for you, so I'll step out and let him answer for himself. Either way, it's getting a little OT for this thread anyway.

Weird sidetrack, but it is as Bobo said. BoA has closed accounts (or restricted transfers) when they determined that they were gambling based transactions. Nothing to do with paypal (not sure how that got interpreted that way), rather I was replying to the poster who claimed if their Paypal processing was shut ( always a possibility) that the site would simply write some checks. That may not be as simple as it seems.

In the end this site is a play at your own risk site, where money can potentially be made, but proper bankroll management is a good idea. Too many posts of "I lost 15K on some random site" have already been done. Hopefully the spokesperson for the site will grow a bit into that job, and we will see how things progress. Next Uber? Probably not, but there may be a place for this in a small way.

Any update on when this statement is going to be ready?

No problem, I simply misunderstood his post after only reading through it once.

Its up in dedicated forum

Whitemares.

We posted it here.
http://forumserver.twoplustwo.com/25...ained-1653219/

Great, thank you.

I'm not sure that the segregation question was actually answered in that thread. It mentions protecting gold coin and sweeps cash balances. So, is the real money equivalent of all "sweeps cash" kept available and segregated? If the total of all player account's "sweeps cash" is equivalent to one million dollars, is there one million dollars of real money in a segregated account to cover all "sweeps cash" balances?

Hi guys

We are running a Daytona 500 freeroll series on Sunday. 10 x $500 freerolls starts every half hour. Begins at 2pm EST. It will be up in the lobby during the day tomorrow. You will also get an email about it.

Good luck.

What's the requirements?