Quote:
Originally Posted by BigCityBanker
FWIW - your assertions are mostly incorrect. I can assure you that blaming VC is 100% correct, this has nothing to do with ipoker other than their attempts to maintain the integrity and ecology of the network.
Nice speech Banker, but there are two problems with it.
Some of us can't play every ipoker site in the world due to tax issues, so if we get kicked off a few, then it is game over with regards to ipoker - but this is most likely irrelevant to your interests.
The main issue it, that while it's a nice long story you give about parasites and so on, the truth of the matter is that competition is NOT evil or a bad thing. Most goverments spend a lot of resources figthing monopolies an cartels, since they hurt the consumers.
Basically what happens is that skin lower prices and ipoker tries to intervene and keep the price fixed at some sort of monopoly price.
The thing is that the premise seems NOT to be figthing parasites, but to keep the price for playing poker at an artificial high (monopoly or cartels style), which might drive some players out, but ensure a higher overall profit, since the remaining players pay a higher price.
It hurts consumers in when we are talking clothing or similar (a random example). Here it has the added benifit, if you remove the winning players, the remaining players will donate more to the network.
All in all it is a question of ipoker as a network provider wanting to maximize their profit, which conflicts with the interest of the individual skin wanting to maximize their profit.
If ipoker wanted to fight parasites, the solution would be easy, just lower the rake 50% (actually less than this would most likely do the trick) network wide making rb obsolete.
It is a nice bedtime story you tell, but as most fairy tales I think my daugther will enjoy it more than I.
Cliffnotes: Competition is a good thing that benefits the consumer, figthing competition might be in the firms interest, but never in the consumers.
Last edited by Gelford; 11-17-2009 at 05:37 PM.