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Old 06-12-2020, 12:15 PM   #176
WinR8
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Join Date: Apr 2011
Location: Kansas City, KS
Posts: 22
Re: [Ex-official] CoinPoker - Bringing the Game Back to Players

Recent updates to CoinPoker have improved withdrawals massively and the number of players at higher stakes seems to have improved as well. Slowly but surely we are making progress here. At virtually any point in time, whenever we can convince them pretty much which likely will eventually happen, they can reduce the number of outstanding and total coins by 25%-75% over the course of a few months, perhaps on and off. All they need to do is allocate more than 10% of community collections to the burn like they were originally doing. I understand and can even support the growth initiatives (some of them anyway,) as monthly expenditures are all listed on the site for transparency (finally!) Still waiting on rakeback but things have been improving fairly steadily and I expect that over the next few years the price of the coin and the overall site volume/play volume will go up. They've improved quite a bit even in the past few months, but I still expect them to continue making improvements and eventually drive up the price of CHP by burning a large portion of community contributions for a small period of time. They collected nearly 25M last month, 2.2M were burned with the rest used for growth initiatives and back to the community through the leaderboard.

So as you can see, in 9-10 months total they could burn the total amount of coins to 1-10M in total from the current amount of 271.1M outstanding and a Total Supply of 285,744,172 CHP. Let's say they want to be really conservative and continue community collections in near full. Over the next 3 years they could set aside 3 months each year, spread 3-4 months apart (with a 50-100 person leaderboard paid out to whoever burns the most during each 1 month period,) where community contributions are 90%-95% burned which would drive the price up MASSIVELY for just a few months of community contributions set at 90-95% burn rate.

this month: https://coinpoker.com/community-contributions

grinders leaderboard: https://coinpoker.com/promotions/galactic-grinders

Last edited by WinR8; 06-12-2020 at 12:21 PM. Reason: added this month and leaderboard
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Old 06-14-2020, 03:10 PM   #177
YourMother66
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Join Date: Jun 2019
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Re: [Ex-official] CoinPoker - Bringing the Game Back to Players

I wanted to try crypto poker and landed on coinpoker and everything worked just fine. Software itself is very good. Smooth, no lags. Creating an account was done in few minutes. Nice low rake. Only thing I would like to see is that I can play in big blinds instead of CHP.
Deposit and withdrawal worked fine too. For crypto newbies like me the youtube tutorial how to deposit is great.

Downside is missing traffic and thereby the missing rec players. I guess crypto has to really hit the mainsteam before that will change.
And if the telegram scamms are a known problem, then they should just get rid of the telegram support. I wrote an email to support over the poker client and had an answer in a couple of hours.
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Old 06-17-2020, 08:52 AM   #178
ff6237
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Join Date: Jun 2020
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Re: [Ex-official] CoinPoker - Bringing the Game Back to Players

Quote:
Originally Posted by YourMother66 View Post
Downside is missing traffic and thereby the missing rec players. I guess crypto has to really hit the mainsteam before that will change.
.


Missing recs? I thought this site was super duper soft. I only play 5/10 (more like 12.5NL) and yes there are a few regs, they are like recreational regs, they play a tight ABC strategy that is super exploitable.

The traffic sucks, the tournament structure is wack, but the rake is low and the cash games are easy.
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