Poker already exist at https://betco.in/. It used to be rake-free but after some guy found a bug and stole 800btc from the owners they introduced rake.

Sure, it "exists", but an unmarketed, buggy site maintained by two guys is hardly enough to shape the market.

Yeah, I don't know if HTML5 is the best platform for a poker client.

There's been quite some price action in the past 10 hours or so...

I panicked and sold all my coins, whew, good to have old fashioned dollars.

It's interesting because I doubt there's that much liquid cash on mtgox. If a severe enough panic sets in, no one would be there to buy back.

The rise the past few days was pretty crazy, so it's not terribly surprising.

I wonder if a good manipulation is to buy a ton, wait til a weekend, then keep selling to try to get a panic going. You'd be one of a few people that would have liquid cash to buy if others follow your lead. Wait until it rock bottoms, then buy up again.

Right now, only 5000 coins worth of buyers on the market. The hash power went up tremendously in the last day or two as well, it was around 1Thash, now it's close to 2. 432 seconds between blocks, should be 600. The next difficulty increase is going to be huge, and probably the next one after. Really glad I didn't go with a mining rig.

Hopefully a panic happens in the next week, I'm looking to buy cheap.

Junior stock manipulation is a good parallel...
In terms of how to trade BTC once it "stabilizes"...
But it's a highly specialized black art.

http://www.google.com/webhp?hl=en&ta...f77ad16103bc7b

What currently operating poker site would be most likely to respond to a lobby to use bitcoins as a funding method?

None of them. They have no incentive or other reason to.

There's plenty of incentive.

Wow, all zero chance with perfect precision, eh?

You can say you don't think it's worth it because the costs/risk outweigh the incentives. But obviously there are incentives. Not paying for paper checks? Not paying third part processors?

There's not much incentive to screw around with US players right now. There's not much incentive in that not many customers currently use them, and many would want paper checks on payout. But if Bitcoin were to take off, gambling is the best thing to make the first splash. It's something that's reasonably mainstream, it's in the grey area so going alternative routes makes sense, it would save a lot of money compared to traditional ways. The big sites won't screw with it because they have a good thing going. A dying or small site might be worth getting in with it. It might be a worthy investment to buy the assets of a dying company that already has the infrastructure in place, just switch the payment system, and give a lot of instructions on how to fund it. There's just a huge risk and a ton of uncertainty (right now Dwolla is a good way to get coins, but who knows how long that lasts).

Casino sites benefit *** dramatically ***...
When the withdrawal process is difficult...
They end up with ALL the money over time.

Also, Casino administration cost = security...
Requiring ID from players = security...
It's the only way to create illusion of "fair games".

BitCoin poker requires a completly different mindset...
A completely different Business Model...
You are trading Low Rake (1% range) for Zero Security...
Players must say, ok...
I will play against bots/colluders for Low Rake/convenience.

Rake can never be ZERO...
It has to cost money to attack the site.

One basically has to re-invent online poker...
With dozens of creative changes...
That make it suitable for anonymous BTC play...
Starting with a focus on SNGs and MTTs...
Much wider payout structures to discourage cheating...
Extensive use of Shill Bots (labeled as such)...

Doing everything possible to level playing field...
To make it more chance than skill...
Makes it >>> suitable for BTC, low stakes, average players.

Online poker today is 100% Built For Sharks...
Basically, only idiots/sharks play online poker...
BTC poker works much better if Built For Fish...
So an average person can have a good time.

The right BTC poker permutation would go viral.

This is nonsense. You could go that way with Bitcoin poker, but there's reason why you'd have to.

That's ridiculous. People put up with some hassle if there isn't a better option, but there is no way that more hassle = more profit.

You could add a delay if you thought this was important anyway.

Bitcoin isn't a magic shield against telling who people are. You can ask for the exact same IDs if you want.

Like 50/50s?

Shill bots? Why?

I do agree with that.

wow never realized this might get this big lol my friend suggested me this like 2 years ago, think i ahve like 50 of them where can i sell them?

mt gox

You could get around $400 for 50 which is good!

this cant be real their value is 8$ each cmon im too excited right now checking mt gox

Do you have a Dwolla account? I'll give you $410 for them.

$410 is a very fair price, = $8.20.

nope im from europe, i think i allready put the order out there, hard to know what i am doing exactly lol

Edit: it was sold allready @ 8,28 oh man that was quick, i think at least

It's so volatile, I want to put $100 on there and trade it for lols. @Tom what do you think the minimum I need to trade on there would be? I'm guessing it's 1BC minimum at a time (or can you trade partial BC?) Also have you seen anyone offering shorting?

I've seen .01 coins traded.

I haven't seen shorting other than actually borrowing from someone.

I don't know anything about trading so your best guess is better than mine. But you can have increments of .01, and you have to pay .65% fee every trade, so I'm not sure if mtgox sends you a fraction of that if you did .01 trades.

Whether that's worth your while or not. It's volitile, but the rises are so violent, you sell at the wrong time and you get left behind. I was doing a bit of trading for lolz and got crushed, but I am a trading fish. Then I got bored and decided to play poker instead and lost my roll. 20 BTC looking a lot better now than when I bought at $22 for them.

If you want to trade, maybe look for patterns on when they go up. It's actually easy to write a bot to trade for you as well, although how to make a bot good enough to trade smart is another story.

I'm pretty seduced by the idea of writing a bot to trade on this, it's high risk-reward which is my favourite type of risk (lol) and it's pretty new which means it should have more opportunity and edge to be gained, as well as not having a big enough volume yet for anyone serious to get in on it.

I'm even more liking the idea of writing my own market to buy/sell like mt gox, they must be making good money and they don't have much competition.