Quote:
Originally Posted by a dewd
Voluntarily reporting their business and audits to regulatory agencies nullifies that unless
Certainly this has to be viewed as a positive. They are at least trying to create some appearance of authenticity. I think it would be nearly impossible to maintain their business without at least some appearance of regulation.
The industry has a woeful track record and for investor confidence, business partners... this adds some sense of validation I'm sure. Whether "iTech" serves the poker community or the companies themselves is impossible to know right now.
Quote:
Originally Posted by a dewd
Can't answer for the lack of hand histories unless
I remember back when I was a broke kid, I used to complain that Wells Fargo was stalling my paycheck deposits. I would deposit on a Friday and see overdraft fees the following Wednesday. I'd inquire, they'd have a story. Certainly, Wells Fargo is in a highly regulated industry, answering to a host of gov and consumer regulatory commissions.
You probably know where this is going, later... Wells Fargo paid out a massive class action lawsuit, essentially admitting to manipulating deposits to increase overdraft fees... this among a host of other massive scandals they've been involved in.
But, it was the people who caught it. Not the regulatory agency. Companies like Equifax are regulatory agencies which purport to act as go-betweens between consumers and financial institutions. Yet, you'll notice Equifax has partnerships and advertises with major banks. So who are they serving?
This circles back to why in a financial transition (which let's face it, this is) .... the people involved have to have all information at their disposal. This means full hand histories, stat tracking and extensive transparency. If everyone has access to the same info, how is it an "advantage?" Studying pot odds is an advantage if someone uses it too.
My feeling that Wells Fargo was manipulating deposits was not scientific. Same as my feeling that the cards at GP are a bit silly and cartoony. It's just a hunch, because I have no way to track and even disprove my own hunch. Hopefully my hunch is wrong this time, unlike the Wells example.
Wouldn't it be great to just be able to track all hands, pots and histories and put this to bed? That's my stance, anyway. Seems simple.