Lol. How do they steal money from you if it is not yours? By Keeping excess points they are not making money, they already have it and it is their money not yours.

Your FPPs are a representation of your contribution to the rake paid to them. As part of their loyalty scheme you have been able to exchange these points in return for something tangible. These exchanges have always been based on a set number of points. Just because at some point in time you were able to get an equivalent exchange rate of 0.16c does not mean all FPPs are valued at 0.16c. At no point has this money ever belonged to you (the player). This notion that they are stealing money from you is just preposterous and you have the gall to call others dumb for not agreeing with you.

Your idea of fair and what a rational thinking person would deem fair are clearly two different things.

not a valid comparison. unless this restaurant is in downtown Baghdad during a bombing.

another invalid example. doing wat u described would be breaking a set of clearly outlined rules. stars didnt break their rules. stop blaming stars when you should be blaming our gov.

the points are still in your account. online poker might return to the US. you can move abroad and have the points. you people act like black friday didnt happen.

i agree. its utterly unbelieveable.

i posted this in other thread but it applies here too:

file a complaint with the doj. Stars has upheld everything they have promised with their FPP program. FPPs do not have a direct cash value equivalent. Stars has done nothing to prevent you or anyone else from continuing to accrue FPPs and cash them out. Then they went above and beyond and rewarded partial milestone credits.

and for the bronzestars with millions of fpps, you do realize concierge is $8/$1000 right? And money market bank accounts generally earn 1% interest (compounded) or more? I mean come on.

you are completely full of it. Merge has no RSA tokens and you have not cashed out once from Merge, amirite?

is Party the only euro site w/RSA tokens? i've heard most euro sites **** people over on currency conversions. since neither of us play on euros theres not much to legitimately argue tbh.


just cuz u normally cash FPPs at the .016 rate doesnt make them worth that amount. they're worth that amount cuz you have 250k of them and SN+. Stars has a clearly defined set of rules and you have an opinion as to what the rules should be.

the bronzestar w/1mil FPPs (i'm assuming we're talking about the same guy) already left the country. i felt bad for the guy but it was still his fault. to cash in points at the .016 rate u need at least 250k points and SN+. why is this concept so hard for you people to accept?

i agree with you on 1 thing: Stars has not met YOUR expectations. imo there are 2 places that will meet your expectations:

1. your dreams
2. heaven

u need to consider blaming yourselves and the US gov before blaming Stars.

Yes, they have stopped me. They stopped allowing US players to do this on April 15th. To imply that it's just as simple to get up and move to another country shows how out of touch you really are.

Still waiting to hear your reason why they are holding back cashing the excess FPPs. Give me one reason that this isn't stealing, aside from extremely generalized rhetoric that you keep spewing.

I wonder if you and sinner are trolls, Stars employees, or just really stupid. Gotta be one of those three.

Here is part of the problem that people are having a hard time comprehending about the FPPs. The exchange rate for FPPs wasn't the same for all items in the VPP store. So some people used their points to buys shirts and hats which was a horrible way of using them. After taking advantage of Stellar Rewards, most were using FPPs for online tourney tickets. I would use my for the Sunday Million or Step Tickets.

Here is the problem, most of us view that as real money because we would have played in the tourney anyways but he is the KICKER. Your reinvesting that money back into PS and they get $15 of that $215 that you bought for tourney. So if I were a business I would be happy to give a bigger bonus to any client if they were going to use that bonus to generate more business for me.

The VIP Reward Cash Bonus is based on how much business you generate, so PS isn't going to give anyone a higher conversion of FPPs for a Gold Star vs SuperNova because its cash, not a reward designed to generate more business.

Since PS is no longer in business in the US they are playing by their rules they set up before April 15th and letting you cash out your FPPs using the VIP Cash Reward Bonus Rules.

Yes, I do blame myself for trusting Pokerstars. My trust in them is what is screwing me over. Screw me once, shame on you (in this case Pokerstars), screw me twice, shame on me. I don't want shame. How do I avoid that. Don't do business with Pokerstars.

Maybe Pokerstars will wake up and realize that what they are doing is badwill and lowers shareholder value. If they don't, then it's a lose/lose situation. Pokerstars loses sharholder value (in the context of goodwill) and players don't realize a legit fair value for their fpp's.

I think it's funny when people mention that well they credited % towards milestone. I was credited 33 dollars and lost close to $500 in FPP value..Nearly 18% of what i should of got. Just because you made moeny off the deal doesn't mean everyone did

Okay, let's take the $215 ticket for 13500 FPPs (not close to the best value possible) as an example for this. This is 1.592592... cents per point. But you're right, if you buy this ticket and you play a tournament with no overlay (always the case) $15 goes back to stars and you get really $200 in value. $200 for 13500 FPPs is 1.48148... cents per FPP. That's still WAY better than what stars is letting us get. So even if stars let us convert points to tickets and then converted that to money, taking the rake for themselves and converting the buyin to real money, we'd be getting a lot better deal than what they're offering right now.

you hoarded FPPs and were not supernova. you're an idiot and you need a tampon.

If you really think PS is worried that their conversion of FPPs will hinder getting customers back if they get to reenter the US market then your delusional.

The few people like yourself that MAY boycott PS because of FPP conversion is a joke.

Quit with the whining.

Are you kidding? Come on.

You think their idea was to cash everyone out, lose all the US business, then nickle and dime everyone for the conversion difference of a few FPP? You might not like how they handle it, but they should have proven to you they aren't scamming you somehow.

All I can think of as this: http://www.thedailyshow.com/watch/tu...-11-responders

I'm shocked so many people are outraged over losing a few hundred dollars in value.

All--

I'm trying to estimate the difference between a 1.6c rate and what was actually distributed to American customers. Right now my best guess is $20M, but I've had to estimate all kinds of things that other people would know better than I would.

I can't really improve on MicroBob and others' arguments on the customers' side, but I do think one point hasn't been emphasized enough: There are a lot of reasons that the "Stars is just playing by its previous rules" claim doesn't make for a good argument, but I don't even think the claim is true. The previous rules involved being able to buy electronics and gift certificates and so on with the points.

I won't quite say that Stars just stole $600 from me, but I will say that its policy is completely unacceptable and that I'll be far less inclined to trust them with my money in the future. (I am somewhat likely to move to Canada permanently, for non-poker-related reasons.)

All my best,

--Nate

Perceived value.

Value Stars claimed FPPs had.

Most of the "FPPs don't have real value" arguments are also arguments that Stars has no obligation to give us our $USD account balances. That is, almost every reason people have for calling FPPs non-money or non-valuable is also a reason to call our account balances non-money or non-valuable.

All my best,

--Nate

Really Nate?

Listen everyone, .016 conversion rate for FPPs into cash was for only the best of customers!!! Period.. End of conversation.

They were willing to give me (Gold Star) and others .016 conversion rate for online tourney tickets because we were generating more business for them. We can't generate them business anymore so we can either hold on to our FPPs and hope PS returns or turn them into cash like I could have before April 15th at a lower conversion rate.

I'm surprised someone hasn't started a thread complaining about how dare PS stop serving the US customers, just because the DOJ indicted them.

Pokerstars is being FAIR in this situation.

Some people are just not grateful. Instead they are greedy.

So what's the real reason why the rest of the VIP Store is not available to US Players?

Not really sure, but if I'm PS, I let everyone buy what they want in the VIP store at a worst conversion rate. I would tell everyone that we have converted all online tickets into cash and that if you choose to buy online tourney tickets now they will just sit in your account until they reenter the US market or you move.

aucubbie--

Only the best customers got .016 for cash, but many players could get much better than .01 for goods (that we could sell on eBay).

FPPs had real value close to .016 all along, and Stars advertised them that way (see the many links above). This FPP policy is less analogous to sticking to previous rules than it is to forcing everyone to buy all and only stress squeeze balls.

All my best,

--Nate

ok... so then why can i only get .0125 conversion rate for my FPPs? i am one of those "best customers" you are referring to

If you go on the VIP store now you can convert VIP Cash Reward of $4000 and its a conversion of .016 if your Supernova.