You aren't clear. This project claims a decentralized RNG. Decentralized is a security word that means "no central point of failure". The RNG is "provably fair" which means, and come from, the inputs of the RNG being a component of each player's inputs, plus an input from coinpoker. The input from coinpoker, as I understand, means that the solution has an opening for superuser access.

Not "they built a super user account"...

They've deceived unwary investors into thinking they have provided a holy grail solution: "decentralized poker".They took a security word and turned into an investor buzz word AND there IS the problem of that possibility of superuser access which is not discussed in the paper. It goes against the spirit of security. And this is where I point to the division between the developers and the head of security-it's a security hole in and of itself.

It's also still unclear to me if players keep their funds within reach of Josem. Because you have this sort of claim that Josem will police the games, implying he can confiscate money, but also the claim that funds are secure from confiscation.

Perhaps I overlooked something, but I am only understanding there is conflicting points being made in this regard.

This is T6Poker all over again, another scam by Tony G

https://forumserver.twoplustwo.com/2...-fraud-312600/

No , I live in the USA and I would like to play higher stakes .

some $5000NL and $10000NL

Yes , I have the money , pls dont hate

.

Fair enough; I won't disagree the picture still isn't clear.

If we were ending our advertising deal with them, perhaps, but even then I'm not sure that we would. Or to put it another way, if I was so concerned about a site that I thought the thread title needed to be changed, we'd likely not be taking advertising from them any longer, or at the very least considering such a move.

I'm keeping an eye on this thread, and we'll see where things go. Not knowing the owners of a site isn't unusual. Not having every question answered to everyone's satisfaction isn't unusual. Not saying you should or shouldn't be happy with that, of course - it's up to you to decide how you feel about it.

While threads like this are here for a site to be able to promote and inform about their business, they're also here for posters to be able to ask their questions and bring up concerns. And I don't think we'd allow a new poker site to advertise with us unless they agreed to have a thread as well, so any concerns can be seen by others considering doing business with them.

It's really not a good analogy for a lot of reasons, but just about the only part that compares is the way a lot of stakes happen - players are constantly selling pieces with no one knowing their real names. But the comparison really doesn't work on numerous levels anyway.

Well, I'd argue that's because you were being unclear, but I asked yu to explain and now it's been sorted out.

That, to me, is a lot different than "created a solution with a superuser back door hole", so thanks for the clarification.

As for the rest, I'm certainly no expert, so I'll let you continue that discussion with those more knowledgeable than I.

Coin_poker

I just saw your very loud and blatant banner ad.

PRE ICO SOLD OUT


quick and easy question.

Yes or No.

Were insiders and/or affiliates allowed to purchcase pre-ICO ?

The silence speaks loudly for itself

The fees for ethereum transactions are now significantly higher and projects are delaying and revamping their models as a result. Since your rng verification relies on the blockchain...does your business model still working giving these rising fees and at what point doesn't your model not work?

Yes it does.

They claim to have collected $6,000,000 'ish of cash from poker players as part of their ICO and thus they claimed they were "SOLD OUT" and a success.

They could have actually sold $50,000 in CHP (for example) to actual customers, and made a non cash transaction amongst themselves for $5,950,000. They would do this to create the illusion of liquidity and success .

Since they are not talking, and have chosen to be non-transparent in every way possible , I'll assume I'm not far off with estimate above.

Bumping this. Your model isn't feasible anymore as the fees for ethereum are too high and the congestion that creates the fees is increasing (I just had the crypto puppies project follow me on twitter). Your investors should be informed asap imo if this is true. At the least you will have to update your white paper.

Guys just keep playing on Pokerstars with your 1 cent chests while we make real money and have more fun on CoinPoker.

^^

the desperation in your post is quite apparent.

you should have bought bitcoin instead of CHPs, dummy.

What desperation? I haven't bought any CHP's . I'm just playing freerolls 2100$ atm in CHP. You'll never do this on stars by playing freerolls if there is any of them.

Cryptocurency Poker is the future!
PokerStars is dead full of bots, colluding,ghosting, big rake, SNE scam, and many other reasons players shouldn't play there. Also funds aren't safe there anymore because of hackers. Players are reporting they'v been hit by hackers and balance was stolen. I give them 2 more years. In 2020 Amaya is completely gone!

^Could it be any more obvious that you are astroturfing? Geez.

Yeah we are all on the way to play on the beloved CoinPoker.
I just can't wait to invest in the ICO. I mean for every 1 $ I invest in them they already told me they will give back to players 15c Yay!!! They are so awesome right? They could just take all my money but they decided to give back 15c/1$. So Awesome!!!!

And I can even sell the ICO tokens after that if someone is as dumb as me to buy them so he could also play on our super amazing CoinPOker Site. They are already told us they will give back at least 25% of the rake to players!!!! So cool isn't it. They could take 100% of the rake but they will take only 75% how gernerous of them,right?

But Oh,wait! Sites like Party Poker, Wining Poker Network,Unibet,Microgaming Network they all give a lot more than that. On top of that they also spend milions on marketing. Probably most of the sites that offer poker reinvest like 70/80% of their rake with vip system/advertising/promotions to keep games running.
But somehow the guys from coinpoker they will do it for a fraction of it.
How? Simply by doing it MLM style. So there are dummies that invest in the "product" where the company already told them they take 85c/1$ off it. In order for the dummies to make money after the ICO is to find someone even dummier who would buy it from them.

This CoinPOker is just a shaddy MLM product disguised as ICO. The only way the level 1 investor are going to profit is if they will find people to sell the tokens further so scammed become scammers.

But wait CoinPoker is going to take up to 75% of it after the ICO anyway in rake

I mean I can't really imagine how some respected people like Josem can support such a shaddy product tbh.

Some good points made here - same concerns I had.

how much is each chp worth right now on coin?

can someone clear up if chp is play money with no present/future eth/usd value correct? and i dont see any of the 2 eth or 5 eth gtd from the software on my pc.. is that only via the mobile app??

If you live in the US maybe that's the problem, I can see them on my pc.

why would living in US matter?

In their chat on telegram, they said that there is no problem for US citizens for play the freerolls only those just for now, they still working in legal things.

Freerolls are getting more and more people.
These ETH tournaments are really nice, they just add them to the normal CHP pricepool and today only 90 players compete for 5ETH. Buyin was 400 Coins.
I take this free money.

^^

calling those freerolls is pretty lolz

you do realize where the money for those came from, right ?

I guess the money is coming from the ICO.
And as supposed they give some of that back.

I freerolled nearly 2ETH with zero starting coins and zero investment.

Not sure if this will be legitimate Pokerroom later but for me it feels like free money at the moment.

They mention that they will put 25% of the rake back to the tables later, if they do this with this kind of added ETH tournaments it maybe could work. Only problem is that 25% sounds way to cheap - something like 50% seems more reasonable.

Lets says they have a 20ETH tournament for 500 Coins buyin and you don't have coins. Depending on the price of the coins and entrants i would be willing to buy Coins on a market.

But to be honest, i dont think we will hear that much from them later next year and i would still not even consider to take part in their ICO.

I was at the final table of a 2 ETH tournament (essentially you buy in with the coins, there's no rake and they add ETH overlay as a prize for finaltable) when the software crashed. The chatbox said the tournament got cancelled and I received the buyin back. So I talked to support (was Friday night), they claimed they would look into it and let us know what would happen on Saturday. At this point I'm a bit worried but have faith in them - they seem to be smart about gaining player loyalty and they have some pre-Amaya Stars staff on board so I'm expecting this will be resolved with a fair ICM chop.

This morning support gave me their solution

and when I reminded support that the tournament was not a freeroll but had a buyin he told me


So apparently their token doesn't count as player funds when it's won and not deposited

I'm hoping that this is a ****up from support and a higher-up will step in to fix this, but until then I would urge everyone to stay away from this dodgy site.

TL;DR:
If there is a problem with a tournament they refund the buyin and pocket the overlay, even if you're ITM.
CHP (their token) doesn't count as player funds when it's won.
If you cashed in an MTT and it crashes afterwards, they take the prizemoney back and just refund you the buyin.