Bitcoins=risky 1 hr withdrawal
Check=risky 4 month withdrawal
Ill take my chances

and the USD isn't used in the international drug trade, slave trade and war crimes... The US government is the largest mafia in the world.

I have 6 laptops and two desktops actively mining bitcoins.

Bitcoins FTW!

Lock could EASILY create a 3rd party shell company with one employee to do Bitcoin cashouts if they wanted it to be legally separate.

You don't have to hold the Bitcoins for very long. You can transfer them to a standard currency very quickly.

Also, don't forget to compare alternatives. It isn't like it is Bitcoins vs. instant traditional cashouts from Lock. It is Bitcoins vs. infinite wait and hassle vs. selling at 60 cents on the dollar! Hard to argue that Bitcoin's risk is higher than that.

Their liquidity would only be hurt if they aren't segregating player funds!

It's really hard to imagine that Lock is segregating player funds. How can it take months for ROW payments if this were true? And if Lock did pay ROW payments promptly there wouldn't be these issues because Lock money would sell for like .95 on the dollar.

I don't disagree. I'd be far more concerned if a site held all player balances in bitcoins.

Well, Shane the predatory in relation to player acquisition, what our pokerroom did, is only:

a) Superior support - thats why our pokerroom loved by many players, and you know it better than others, as you are a representative on one of the biggest poker forums.
b) Fast cashout - thats why our pokerroom attracted many players in our region to make us on TOP (our cashouts has been approved for less than 24 hours).

The network never had any statements to keep win/loss negative, even when they released a new rules there was no single word about win/loss ratio.

Now to make clear why our win/loss is positive (sometimes it goes negative as well), is that because of fast cashout option, some affiliates just made a chip dumps, thats impossible to track (it can be proved by the trade posts, where dollar on lock worth 0.70 and lower).

And when we do operate with our cashier, its impossible to do that awesome support and fast cashouts, because Revolution haven`t transferred the money for more than 5 months... Personally I do not think that its normal.

Anyway I hope that situation will be solved as soon as possible.

Also what I want to add here, is that we do not even care about a win/loss transfers, as they are not as big as operation costs.

Players are selling Lock $ right now for 50 cents on the ****ing dollar. People would be thrilled if they could cashout via bitcoin and take a 10% loss (in reality bitcoins can be converted immediately and the most loss someone will endure is going to be a few %). Letting this be at least an option for your VIP players is a no brainer.

Exactly

Not sure if people know this new information:
http://forumserver.twoplustwo.com/sh....php?t=1312155

Shane I keep repeating myself I know but why are you even mentioning this? lock has so many issues that you need to sort, bit coin is the last thing you need to mention. You need to get payouts down to 3 days like us Europeans are use to, I know its difficult but comparing days to months is fair and its ridiculous, we are all paying consumers!

Secondly, you introduce fair play but that won't benefit you long term if you go bust, until you provide attractive software, I'm sure there's many players that download your software, hate it and don't deposit which means loss of revenue to you guys. Lets be honest your software is the worst in the industry of any reasonable credible skins anyway.

Your promotions, fair play, bit coin and any other ideas you may have, should come way after the 2 main points I've discussed have been addressed, you say growth well sorting them issues out will result in growth, build on mud you sink, its as simple as that.

I actually dont mind the software.
take away the lag and site freezes of course

There's an interesting thread in the internet poker forum which states:
Management team is cake

Cake collects monthly reconciliation payments

Lock does own about 40% of the network

Lock has not paid their reconciliation for almost 5 months

Lock poker's debt to cake is in the millions and that is why other skins are not being paid by Cake.

Any comments Shane?

The Revolution team has asked me not to comment further on that thread.

I can however say something which has been stated previously. Lock is up to date on its payments to the network.

any evidence to back this up?

Lock is probably giving up equity in Revolution in lieu of payments.

lol riiiiiiight. And player funds are safely segregated too! Lock just takes 2 months to pay ROW customers because ummmmmmmmmmmm.....revolution team asked me not to comment further on that as well

Shane - is it true that Lock is up to date with its payments because Lock gave up equity in the Revolution network?

More importantly, do you think Lock up to date with its payments to their players?

Zingggg, winner

And lol at lock money selling for .50/$1, well done lock, tick tock....

http://forumserver.twoplustwo.com/28...55/index2.html

Somebody posted earlier that UB money was trading around .55 till the very end.

So Lock is already trading lower than UB post Black Friday.

I would not gamble with 0.5 probably for 0.25 or 0.30

I changed my post because UB was actually trading at .55.

Given that it was taken from my post there is little clarification needed. I sold my bankroll in June so like 2 months after BF. Last transactions before the site collapsed completely were like 0.25-0.30$ but it was when there was almost no cashouts anymore.

As long as the situation was simmilar to Lock now (so some cashout were going thru just we were limited to 500$ max) trades were like 0.5-0.6,could get more if you were willing to take FTP funds (that collapsed soon after)