Two Plus Two Publishing LLC
Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > >

Notices

Internet Poker Discussions of Internet poker venues, including RB & bonuses.

Closed Thread
 
Thread Tools Display Modes
Old 12-30-2017, 07:26 AM   #226
ChicagoJoey
Papi
 
ChicagoJoey's Avatar
 
Join Date: Sep 2007
Location: I AM GTO
Posts: 14,828
Re: [ANN][ICO] CoinPoker: Poker future is today!

This project confuses the **** out of me
ChicagoJoey is offline  
Old 12-30-2017, 09:46 AM   #227
RobengoSini
centurion
 
Join Date: Feb 2015
Posts: 128
Re: [ANN][ICO] CoinPoker: Poker future is today!

+1
RobengoSini is offline  
Old 12-30-2017, 07:19 PM   #228
Any2ForU
enthusiast
 
Join Date: Jun 2004
Location: Las Vegas, NV
Posts: 55
Re: [ANN][ICO] CoinPoker: Poker future is today!

And, it looks like their software is flawed:

Poker Hand #58440429: Tournament #493258, 2,500 CHP Guaranteed Omaha Omaha Pot Limit (50/100 play) 2017/12/30 23:05:13 GMT
Table '22' 6-max Seat #5 is the button
Seat 1: KV888OMD (4875 in chips)
Seat 2: rocalo (10100 in chips)
Seat 3: Dorcsi (4900 in chips)
Seat 4: FinalTable (350 in chips)
Seat 5: Any2ForU (4900 in chips)
Seat 6: kolacar (4875 in chips) is sitting out
kolacar: posts small blind 50
KV888OMD: posts big blind 100
*** HOLE CARDS ***
rocalo: calls 100
Dorcsi: folds
FinalTable: raises 350 and is all-in
Any2ForU: calls 350
kolacar: folds
KV888OMD: folds
rocalo: calls 250
*** FLOP *** [6h 2s 3h]
rocalo: bets 1200
Any2ForU: calls 1200
*** TURN *** [6h 2s 3h] [2h]
rocalo: bets 1800
Any2ForU: raises 3350 and is all-in
rocalo: folds
Uncalled bet (1550) returned to Any2ForU
rocalo collected 2400 from side-pot 1
Uncalled bet (1800) returned to Any2ForU
*** RIVER *** [6h 2s 3h 2h] [3c]
*** SHOW DOWN ***
FinalTable: shows [4c Qc Kd Ac] (a pair of Threes)
Any2ForU collected 1200 from pot
*** SUMMARY ***
Total pot 5400 | Rake 0
Board [ 6h 2s 3h 2h 3c ]
Game ended: 2017/12/30 23:06:55 GMT
Seat 1: KV888OMD (big blind) folded before Flop
Seat 2: rocalo collected (4200)
Seat 3: Dorcsi folded before Flop (didn't bet)
Seat 4: FinalTable showed [4c Qc Kd Ac]
Seat 5: Any2ForU (button) showed [8s Qh 8h 7h] and won (1200) with a flush, Queen high
Seat 6: kolacar (small blind) folded before Flop
Any2ForU is offline  
Old 12-31-2017, 12:51 AM   #229
abcdefgrl
journeyman
 
Join Date: Aug 2011
Posts: 336
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
Originally Posted by Gunner171 View Post
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.

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.
I was at the same FT and also contacted support and emailed the promotions team that do the ETH payouts yesterday including some photos of FT before it froze. No reponse so far. ETH and CHP should def be ICM split among us. Anything else is clearly a scam for a buy in tourney.

They also had the same problem with tourneys freezing the day before and yesterday's issue also stuffed up that 100k CHP Pokernews tourney among others.

A shame this seems to be happening as otherwise was a good promo and they could gain a lot of credibility by treating players well when they have site issues.
abcdefgrl is offline  
Old 12-31-2017, 06:51 AM   #230
Gunner171
grinder
 
Gunner171's Avatar
 
Join Date: Mar 2010
Location: Turning 2ndnuts into a bluff
Posts: 424
Re: [ANN][ICO] CoinPoker: Poker future is today!

To elaborate for those who aren't familiar with the site:

Coinpoker has its own cryptocurrency called CHP. As a promotion, they run tournaments where you buy in with CHP, the CHP goes in the prizepool and on top of it they add ETH for people making the final table.

Their promotion (posted on multiple partner sites ) literally states
Quote:
With hundreds of thousands of CHP being won everyday in the freerolls Coinpoker have added four tournaments every day in which they will be sharing ETH between the top six players at the final table.
On Friday they let a tournament with 2 ETH added (~1400 USD) run from 120ish entrants to 5 left at the final table, then it crashed, they confiscated CHP prizes for those who finished ITM, refunded everyones buyin and refuse to pay the players who made the final table their ETH.

I'm still hoping someone in charge will come in on Tuesday, hear about what happened, make a sensible decision and rectify the situation, cause this is a straight up scam.
Gunner171 is offline  
Old 12-31-2017, 12:37 PM   #231
WSPreadHead
adept
 
WSPreadHead's Avatar
 
Join Date: Sep 2010
Location: Papa Johnny Road
Posts: 932
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
Originally Posted by Gunner171 View Post
To elaborate for those who aren't familiar with the site:

Coinpoker has its own cryptocurrency called CHP. As a promotion, they run tournaments where you buy in with CHP, the CHP goes in the prizepool and on top of it they add ETH for people making the final table.

Their promotion (posted on multiple partner sites ) literally states


On Friday they let a tournament with 2 ETH added (~1400 USD) run from 120ish entrants to 5 left at the final table, then it crashed, they confiscated CHP prizes for those who finished ITM, refunded everyones buyin and refuse to pay the players who made the final table their ETH.

I'm still hoping someone in charge will come in on Tuesday, hear about what happened, make a sensible decision and rectify the situation, cause this is a straight up scam.
thought about checking this place out, but I'll wait and see how this plays out
WSPreadHead is offline  
Old 12-31-2017, 02:03 PM   #232
Nooseknot
banned
 
Nooseknot's Avatar
 
Join Date: Oct 2017
Posts: 1,051
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
thought about checking this place out, but I'll wait and see how this plays out
As long as they even loosely consult Josem I expect it will be fine. I want the community to scrutinize these project well which also helps for awareness, but not as skeptics.

True security must be based on proper axioms, but it also MUST evolve over time. This is true especially of any institution, project, site etc that means to hold value.

Poker sites are like banks, we learning this and why it is important to view them as such, especially from a security perspective. There will be bugs and parts will break, I think it is far more important to judge these projects on how they handle such issues over time, rather than whether the issues happen in the first place.

And for that, it should be the crux of the theme of the dialogue in this thread. If coinpoker or any project emerging spends time working with and communicating well with the players, and keeps their social media updated and "human" (ie answering request in quick and real time), then they should be praised for it and cheered.

I hope that's how this project means to functions. I've seen them be reasonable in this regard so far, although its to quick to judge, I hope this becomes the focus.
Nooseknot is offline  
Old 12-31-2017, 02:37 PM   #233
Nooseknot
banned
 
Nooseknot's Avatar
 
Join Date: Oct 2017
Posts: 1,051
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
Originally Posted by ChicagoJoey View Post
This project confuses the **** out of me
We need you to understand these emerging projects so that you can bring awareness to the general player population (asap!). Ask questions, interview some of the knowledgeable players, and check out the decentralized poker thread, for a proper overview.

What's happening is the effective rake on these sites amazingly lower than on the legacy sites, its going to change everything. But the movement needs awareness.

There is a lot of wealth to be created and shared among the participants.
Nooseknot is offline  
Old 12-31-2017, 03:59 PM   #234
Monteroy
Carpal \'Tunnel
 
Join Date: Dec 2006
Posts: 10,044
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
Originally Posted by Nooseknot View Post
What's happening is the effective rake on these sites amazingly lower than on the legacy sites, its going to change everything. But the movement needs awareness.

There is a lot of wealth to be created and shared among the participants.
If I had a dollar for every time someone pitched an idea, product or service with this type of hype then I would be quite happy.

If I had a dollar for every time someone pitched an idea, product or service with this type of hype, that actually lived up to the hype, then maybe I could get a cup of coffee. A small one.
Monteroy is offline  
Old 12-31-2017, 04:26 PM   #235
Nooseknot
banned
 
Nooseknot's Avatar
 
Join Date: Oct 2017
Posts: 1,051
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
Originally Posted by Monteroy View Post
If I had a dollar for every time someone pitched an idea, product or service with this type of hype then I would be quite happy.

If I had a dollar for every time someone pitched an idea, product or service with this type of hype, that actually lived up to the hype, then maybe I could get a cup of coffee. A small one.
I have no idea what your point is.

Regardless it is quite obvious the effective rake is significantly lower on this site, at this time, and on many other emerging projects. Just holding your bankroll in crypto makes most player more profitable than holding it in fiat on poker stars.

This project's crowdfunding was paid in ethereum which just skyrocketed again so promotions and free rolls will likely be plentiful as they are trying to reach a bootstrapping tipping point.

The player pools are going to be largely made up of crypto enthusiasts most or many of whom recently made a significant profit on their investments and are looking for places to spend it. People that don't usually or often otherwise even play poker. Poker and gambling is one of the first and only use cases for crypto.

The industry has changed and this next year it is going to be completely different than the last stagnating years in which a de facto monopoly controlled the rake standard.

Last edited by Nooseknot; 12-31-2017 at 04:34 PM.
Nooseknot is offline  
Old 12-31-2017, 04:47 PM   #236
Monteroy
Carpal \'Tunnel
 
Join Date: Dec 2006
Posts: 10,044
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
Originally Posted by Nooseknot View Post
I have no idea what your point is.
Lots of people pitch things with a variant of "this will change everything." Generally that means it will not change anything that matters. Genuinely innovative ideas tend to not need all the hyperbole.

Hope that made it more clear, sorry if my first post was too subtle. I thought it would change everything.

All the best.
Monteroy is offline  
Old 01-01-2018, 07:15 AM   #237
Hrmmmm
grinder
 
Join Date: Apr 2017
Posts: 407
Re: [ANN][ICO] CoinPoker: Poker future is today!

Actually cryptocurrency is changing certain things, but, yeah, there will be problems. These companies rarely get it right.
Hrmmmm is offline  
Old 01-01-2018, 09:03 AM   #238
Feelsbadman
banned
 
Join Date: Jan 2017
Posts: 70
Re: [ANN][ICO] CoinPoker: Poker future is today!

I dont think they are investing so much in this platform. They have crashes, they can't rollback the freerolls. I was very entuziasted about this but now i'm skeptical. You can't do something with 0 investing. It's still a good way for rec people to make some good money from freerolls.


Nooseknow can you explain where are this 5 million CHP giveaway coming from because i dont really understand. This is like 1656 ETH. This ethereum comes from the people who bought the tokens in the presale ICO?

Last edited by Feelsbadman; 01-01-2018 at 09:26 AM.
Feelsbadman is offline  
Old 01-01-2018, 09:46 AM   #239
Feelsbadman
banned
 
Join Date: Jan 2017
Posts: 70
Re: [ANN][ICO] CoinPoker: Poker future is today!

Admins are muting us in their application chat. We ask them questions but they can't answer to them.
Imagine you are the final 2 in a mtt and then the tourney gets canceled. The first 2 players get nothing but all the others get. It is fair? This is happening on coinpoker.


Look what a moderator said
Tom Moderator 3:41 PM
"we apologize for the inconveniences and we are constantly working on the app to make it better. And yes, we do know there are still bugs and fixes. The reason why this app is launched already ir for you to have fun and for us to find ways to eliminate any possible issues before the final version is out."

I dont think they consider this freerolls real money. They dont treat them like this. Maybe this moderators are not poker players.
I also asked where is Josem and TonyG, do they know about this scams or not? They muted me.
Feelsbadman is offline  
Old 01-01-2018, 10:16 AM   #240
Nooseknot
banned
 
Nooseknot's Avatar
 
Join Date: Oct 2017
Posts: 1,051
Quote:
Originally Posted by Feelsbadman View Post
I dont think they are investing so much in this platform. They have crashes, they can't rollback the freerolls. I was very entuziasted about this but now i'm skeptical. You can't do something with 0 investing. It's still a good way for rec people to make some good money from freerolls.


Nooseknow can you explain where are this 5 million CHP giveaway coming from because i dont really understand. This is like 1656 ETH. This ethereum comes from the people who bought the tokens in the presale ICO?
I'm extremely tired, I've been up all night in dialogue. I believe this is what we are referring to but I cannot traverse it myself atm:

Quote:
2.1. The Circle of money flow
CoinPoker will bring increased player value to users.
To facilitate this, 15% of tokens distributed through
the ICO will be reserved to build poker room liquidity
by offering incentives such as juicy tournament
guarantees, leaderboards and freerolls which will
have immediate effect. We aim to offer early adopters
significant value which will go viral through poker
communities.

Every month no less than 25% of the rake and
fees collected will be returned to players in a form
of increased bonuses and promotions such as
tournament prize pool to benefit recreational players
and to control the climate of our games.
Probably they are overwhelmed by bigger problems, which are expected to some degree, the cus service workers are probably not experts on the subject or the company (perhaps) and/or are new. Josem doesn't like to be wrong and if this were a super blatant scam he would be the first disassociate.

I assume him or someone will be along soon to give a fair and appropriate explanation.

I tried the site out. The software was smooth enough, signing up was easy. There was player liquidity. The players were beatable. It's was a pleasurable experience in regard for hoping that the legacy sites will get some legit competition.

Last edited by Mike Haven; 01-01-2018 at 01:45 PM. Reason: 2 posts merged
Nooseknot is offline  
Old 01-01-2018, 12:04 PM   #241
GOT TO WINN
grinder
 
Join Date: Feb 2014
Posts: 535
Re: [ANN][ICO] CoinPoker: Poker future is today!

I was in the game that got cancelled also. I was also in the chat for awhile. More then one person was muted.

The Admin and MOD clearly stated multiple times the policy on these games. The site is in Beta version and if a crash happens you won't get paid.

Look at it this way, you are helping them to get the product to run smoothly while building a free bankroll. Playing while risking a "reset" is apart of the gamble you take while playing on a beta site. You help them iron out the bugs... they give you a chance to build a free bankroll.
GOT TO WINN is offline  
Old 01-01-2018, 01:59 PM   #242
nutlol
centurion
 
Join Date: Mar 2017
Posts: 113
Re: [ANN][ICO] CoinPoker: Poker future is today!

So can we expect a crush in the tesla tournament?

I was 6th in the friday late 2ETH tournament if this one crushed after i busted i was the only one being paid?
Terrible ruling even for a freeroll.

Last edited by nutlol; 01-01-2018 at 02:04 PM.
nutlol is offline  
Old 01-01-2018, 05:35 PM   #243
Nooseknot
banned
 
Nooseknot's Avatar
 
Join Date: Oct 2017
Posts: 1,051
Re: [ANN][ICO] CoinPoker: Poker future is today!

I'm going to guess that the poker players on the team such as Isabelle Mercier have not connected to this issue yet. I had a little rapport (some time ago) with her on twitter, and she seemed quite approachable (unfortunately I was a little saucy over the holidays and my twitter privileges were revoked ;p).

It's quite likely the cus support are more just minimum wage workers and not poker players. It is of course a silly policy to not honour already played hands. A worse scenario would be they have no game state logs which is doubtful if Josem is overseeing security.

And yes they are probably scrambling to scale for the tesla tourney.

Somemone from here with a reasonable rep (or not) might GENTLY nudge Mercier on twitter and ask her to look into it. I'm guessing she will respond fast and be quite interested (tell her Juice sent you ) https://twitter.com/isabellenomercy?lang=en

Scaling is probably the issue here, the real issue, and its is very difficult to scale fast and with foresight. The bitcoin community has been at civil war for years about it. It requires patience regardless if the project is perfectly rational and benevolent.
Nooseknot is offline  
Old 01-01-2018, 08:01 PM   #244
ronmon
adept
 
ronmon's Avatar
 
Join Date: Oct 2007
Location: Tralfamadore
Posts: 747
Re: [ANN][ICO] CoinPoker: Poker future is today!

The people who know what's going on won't talk.

Those who don't know anything won't stop.
ronmon is offline  
Old 01-02-2018, 06:07 PM   #245
chrisp200
grinder
 
Join Date: Aug 2010
Location: Pittsburgh
Posts: 575
Re: [ANN][ICO] CoinPoker: Poker future is today!

Is the cashier blank for everyone? Not sure how to deposit/cash out
chrisp200 is offline  
Old 01-02-2018, 07:27 PM   #246
GOT TO WINN
grinder
 
Join Date: Feb 2014
Posts: 535
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
Originally Posted by chrisp200 View Post
Is the cashier blank for everyone? Not sure how to deposit/cash out
Its blank for me and I assume everyone. You can't cash out Chips won in freerolls but if you happen to cash in one of the freerolls offering eth then you have to send them an email with you wallet address so they can pay you.

I could be wrong but if I remember right ... I read on T&C that you have 7 days to email them the required information after cashing or pay out becomes void.

I don't think you can buy chips yet. Someone more in the know can correct me if Im wrong.
GOT TO WINN is offline  
Old 01-03-2018, 07:25 AM   #247
Coin_poker
CoinPoker Rep
 
Join Date: Sep 2017
Posts: 112
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
Originally Posted by Gunner171 View Post
To elaborate for those who aren't familiar with the site:

Coinpoker has its own cryptocurrency called CHP. As a promotion, they run tournaments where you buy in with CHP, the CHP goes in the prizepool and on top of it they add ETH for people making the final table.

Their promotion (posted on multiple partner sites ) literally states


On Friday they let a tournament with 2 ETH added (~1400 USD) run from 120ish entrants to 5 left at the final table, then it crashed, they confiscated CHP prizes for those who finished ITM, refunded everyones buyin and refuse to pay the players who made the final table their ETH.

I'm still hoping someone in charge will come in on Tuesday, hear about what happened, make a sensible decision and rectify the situation, cause this is a straight up scam.
Unfortunately we do not credit prizes for any of the crashed tournaments, we only refund the buy-in amount for ETH tournaments which are not completed.
Coin_poker is offline  
Old 01-03-2018, 10:03 AM   #248
Nooseknot
banned
 
Nooseknot's Avatar
 
Join Date: Oct 2017
Posts: 1,051
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
Originally Posted by Coin_poker View Post
Unfortunately we do not credit prizes for any of the crashed tournaments, we only refund the buy-in amount for ETH tournaments which are not completed.
Can you give us an understanding as to why?
Nooseknot is offline  
Old 01-03-2018, 10:32 AM   #249
nutlol
centurion
 
Join Date: Mar 2017
Posts: 113
Re: [ANN][ICO] CoinPoker: Poker future is today!

Quote:
Originally Posted by Coin_poker View Post
Unfortunately we do not credit prizes for any of the crashed tournaments, we only refund the buy-in amount for ETH tournaments which are not completed.
How this good ever be fair?


We where 14 players left in a 5 ETH when tournament got canceled.
Why should players who finished on place 15, 16, 17 and 18 would get more CHP then players who survived? Why you not handle these situations like other poker rooms? Will this be a general rule for later as well?
I think it crushed 2 or 3 times, always when a ETH tournament was running. Sure, things can happen. But when you do not payout the coins and ETH it looks really really fishy. All of these players in the tournaments where potential players with at least a little roll on coinpoker why you not honor the people you will need for success?
nutlol is offline  
Old 01-03-2018, 12:45 PM   #250
Gunner171
grinder
 
Gunner171's Avatar
 
Join Date: Mar 2010
Location: Turning 2ndnuts into a bluff
Posts: 424
Thumbs down Re: [ANN][ICO] CoinPoker: Poker future is today!

So I've emailed Josem and explained the situation, he replied that he is merely an advisor on how to reduce cheating, but that he forwarded it to his contact. Strange, as on their website he is included in the Team section, not the Advisor section, but whatever. I included a link to my last post, the one where the coinpoker rep just replied to, so I imagine that means the decision to steal our ETH comes from pretty high up and we won't be made whole.

tl;dr: coinpoker is a scam site
Gunner171 is offline  

Closed Thread
      

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Forum Jump


All times are GMT -4. The time now is 06:32 PM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright 2008-2017, Two Plus Two Interactive
 
 
Poker Players - Streaming Live Online