There's no federal law that prevents you from playing online poker for USD, either. Yet there might be some reasons why a lot of poker players have difficulty doing just that.

LOL! If someone has the foresight to create a 2+2 account 5 years in advance just for the purpose of shilling a gaming site, I'd bet the ranch on that guy!

That's funny. If you can still look at my stats from Pokerstars, you will quickly realize I am not a poker pro.

My point was just because you associate with someone that engages in bad behavior doesn't mean you also engage in the same behavior.

Just because Russ is a scammer doesn't mean Flack is also a scammer. But I agree that it is a terrible association to have.

I agree - and I actually like Flack. If I were to compile a top ten of my favourite poker players, he'd most likely make the top 5.

Just saying that him fronting a site isn't really much of a reason to claim the site is good or honest because he's not really shown very good judgement in the past.

Like I said before. After the full tilt fiasco people aren't going to flock en masse to a poker site just because there's some old school pros there to promote it.

Having two WSOP Main Event champions as sponsors, how can this not be USA facing?
Now I'm depressed again.

If you actually bothered to read the text on the page as well as looking at the pretty pictures, you'd know who the other two guys are.

Toto Leonidas and Vladimir Shchemelev.

Understood, but if I have to read the fine print to find out whom someone is, no one really gives a crap. Just saying. I'm sure they're significant to someone.

If it is not US facing then why is it based on cryptocurrency?

I think the point is that they don't have KYC requirements so some US players will get to play, accidentally.

The timing is genius.

i signed up for the mailer and got an update yesterday, it seems they plan to sell the first bunch of Breakout Coins

at bitcointalk are more infos (i'm a noob in this matter, so i didn't read the whole thread): https://bitcointalk.org/index.php?topic=808648.0

Press release:

You are an idiot. It's us old guys (ya know the fish) that they need to attract. What are you 18 year olds going to fight over, your lunch money?

I used to work in R&D and Product Development for a Multi-billion dollar company and I have several problems with this idea.

#1) Consumer need?
There are several poker sites out there that US players can play on. What need does this new poker site meet and fulfill? Is there a sizable percentage of poker players that want to play using cryptocurrency but are unable to on other sites? Why doesn't this site just use bitcoins to begin with? Why the need to develop their own form of currency?

#2) Consumer Confidence?
If the primary draw for this new poker site is the new cryptocurrency and associated technology, etc, why isn't any big named cryptocurrency or tech savy person associated with this effort? (i.e. if some former Google hot shot was CEO then that would be a huge draw)

#3) Consumer Confidence part 2?
Given that cryptocurrency is fairly new and there are already several ESTABLISHED crytpocurrencies out there, why would players ever wish to hitch their star on the development of a new cryptocurrency that is several years late to the party?

#4) Differentiation from Competitors?
What makes this site different and BETTER than existing sites out there like Betcoin?

#5) Protections?
What guarantees does this site offer in the form of player and monetary protection? If this site is going to develop its own currency, how do I know they won't abuse this power and/or the running of their site through greed or negligence or incompetence like other poker sites have?


Basically, having read through some of this, I don't feel any compulsion whatsoever to open an account on this site. It feels like it isn't about me, but rather is all about the Venture Capitalists and owners of this site using me to get a nice juicy payday.

This has the feel of those late night informercials about buying gold plated Elvis plates as an investment that will surely go up in value that they are selling to you for $19.95. I always ask myself, "If its so valuable and sure to increase 2, 5, or 10 times in value, why are you selling it to me?"

So far, I haven't heard anything about a million dollar tournament, deposit matching, WSOP packages, or anything that would benefit "me". From my quick look, it just looks like window dressing so VCs and Owners can have a nice fat payday.

I dunno, I could be wrong, I'll do some more research over the next couple of days before the launch...

the angle is that during the IPO, the owners/creators will free roll a majority of the coin
so basically its like a crowd funding for a poker site to make money on us LOL.Its exactly that actually.

+1
I am very skeptical and would urge anybody to learn about pre-mining before trading your bitcoin or fiat monies for breakout coin.

A cryptocurrency poker site that does not accept USA players. So who do they expect to play there? ROW players who have been banned from Stars?

I would like to see them do well, but I don't understand the business plan.

Johnny chan is the true Versace king

These are the dregs that are going to run both a poker site and a currency? Well, at least these two inevitable cluster****s will hedge each other to some extent: when the poker site goes tits up, the value of the funny money will follow, which would make the shortfall less severe in real money terms.

Eww

Yeah, as near as I can tell, the business plan is to just be "different"...

Instead of being a poker site, they will be a poker site with their own cryptocurrency *shrug*

mmmmm Okay....

but why should I want to play on that site?

As a player, the only thing I care about is lots of traffic, bonuses, benefits, and good software and of course, big ass weekly tournaments!!!!

And as far as that goes, this new poker site / platform (or whatever the hell it is) hasn't really done a good job of pitching that aspect to me, so as a player, I really don't care...

But as far as they are concerned, they don't need much to be successful.

If we assume 10% of the population plays poker and/or is familiar with poker. Out of that 10% lets assume 10% of them have online poker accounts. Out of that 10% lets assume 1% are willing to try this new poker site and deposit $100 and transfer <=> convert it into the new bro coin.

Applying my numbers above, let's start off with 500 million people world wide who can be designated as a target audience capable of playing poker. Out of those 500 million people-- 50 million actually play poker for fun, recreationally, and/or for money. Out of that 50 million who play poker-- 5 million play poker online. Out of those 5 million players -- 50,000 will be willing to invest in this bro-coin poker site. If 50,000 people average $100 deposit that is $5 million dollars dumped into that bro-coin poker site...

Now, I think the problem arises that in order for them to get 50,000 worth of new players willing to deposit $100 each, they are going to have to spend at least a couple of million in advertisements and marketing. And from what I've seen, it looks like they are trying to do all of this with smoke and mirrors and as cheaply as possible.

The so-called company and Bro-coin is scheduled to launch in just a couple of days, but I couldn't find ANY major media outlets with a report or story on this. Nothing on CNN, Fox, MSNBC, ABC, etc...

Sure, there are plenty of internet stories out there on Joe Schmoo's Blog or some obscure poker site I never heard of, but imo you are in trouble if the biggest site your launch is featured on is 2+2.

I even did a quick search on Bluff Magazine's website for Breakout Coin and the only thing that came up was it's mention in a couple of tweets.

So far, from what my research shows, this effort just isn't all that serious. It looks like they are trying to do it on the cheap, dressing up a pig in a skirt and lipstick...

This will fail. Still waiting for someone to come in and do it right now that the good guys at Pokerstars are gone.

winner

lock it up

So a bunch of shady people opens a pokersite We have seen this before what a joke imo

Very good post