It is very simple guys. Josem worked for PayPal. Global is somehow the only poker site that PayPal allows to use their services in the USA. I thought Josem might have some sort of insight or commentary about how they get away with it, how PayPal might feel about being involved with online gambling in the past/present, whatever.

If he has no such insight, so be it. It's not a big deal....


--
Kahn

I think this might be the source of the confusion- I've never worked for PayPal.

My full employment history is online at https://www.linkedin.com/in/michaeljosem

Well, this quote didn't come out of thin air:


So perhaps you can see how one might come to the conclusion that you worked for Paypayl upon reading a sentence like that from your 2+2 bio.

--
Kahn

I don't know where that quote is from. This is what my 2+2 bio looks like to me (visible here: https://forumserver.twoplustwo.com/members/74713/)

I've certainly never worked for PayPal, so I don't understand what's happening here.

If they ever wanted to hire me, I'm open to offers!

Even Google doesn't record that phrase anywhere on 2p2 outside this thread: https://www.google.co.uk/search?ei=J....0.JDfxKB9uSxQ

A search finds that phrase in two places - this thread, and here:

https://blog.coinpoker.com/new-team-members2/

Edit to add: Didn't see Josem's post before posting that. Interesting a Google search from Canada gave me the additional result.

You're right. It wasn't in his bio, it was in that link which I believe I got from this thread. Hence my confusion with thinking it had come from when I looked at his bio. My bad.

Regardless, his prior employer listed him as working at PayPal. So the general idea of my prior statement still holds true. It is a reasonable assumption to think he worked for PayPal given that CoinPoker directly states it on their website.

--
Kahn

Perhaps the confusion lies in that you think he's Nikki Baumann, from whose bio that came - he isn't. He's Michael Josem.

Bobo, it appears you are correct again and I am wrong. I apologize for incorrectly identifying the POI in this thread. However, call me crazy, lazy, whatever, but I think it makes perfect sense to casually make such a mistake when the following exchange took place at the beginning of this thread:


They talked about head of security.
MJ quoted the post talking about his role.
The quoted link has "head of security" title and a bio.
I simply presumed it was the POI.

*sigh*

I suck at the interwebz and I am now done with this thread. (in shame).


GL

--
Kahn

**KEEP SEA-AIR FRESH**

NO SMOKE
NO COKE
NO CRACK

(OR GO)

Will this week's Collingwood v Melbourne be the match of the year? My money is on one of them to win the GF...

I really only watch Hawthorn games these days, so am no expert.

Melbourne still haven't played finals - I'd be surprised if they went from no-finals to premiership.

West Coast are doing very very well, apparently.

While there now seems to be more randomness in the finals, I think that Collingwood v Melbourne seems very very very unlikely.

Well, the 6-11 yank is a beast, and the Pies are going to hoist the whatever you call it there cup


Sent from my iPhone using Tapatalk

Would you personally recommend playing at CoinPoker and/or holding CHP long-term?
(Based on your deeper understanding about their security process and them as poker room operator)

No financial advice and all that, just personal opinion.

There are a bunch of incidental and obvious risks that I think will be (broadly) manageable as part of an on-going and typical cat-and-mouse game, a typical battle between "operators" and "bad actors"*

Basically, you'll see bad actors come up with new ways to circumvent existing security systems, and then operators will implement new and better ways to reduce (but not eliminate) those risk, and so on. That's much of what this forum has focused on over the last ~20 years of online poker: the typical stuff of fraudsters (colluders; bot users; etc) and dodgy business practices (Full Tilt; Ultimate Bet; PokerSpot; Absolute Poker; etc).


Looking forward, however, I think there are a pair of very big macro risks to online poker, and both of them come from the same place: badly considered fragmentation of local regulatory operations.

There are two key risks, I think:

a) Local regulators may make it excessively hard to detect, enforce and deter bad actors. For example, the EU's new privacy rules around a "right to be forgotten" give new rights to fraudsters to not be remembered (after certain waiting periods, and so on). Similarly, when Italian local regulation was implemented, operators were not permitted to deduct money from customer accounts (I haven't followed recent Italian regulatory changes, I don't know if they have changed). An operator being prohibited from confiscating money from a fraudster is a huge hassle, especially since I cannot imagine that the player community would have confidence in the local regulator taking appropriate action against bad actors.

This is not just about restricting the ability of operators to take action, but also around enforcing bad and stupid security practices. For example, requiring operators to allow passwords to be reset using "secret questions" (What is your favourite colour? etc) is just terrible security advice, and weakens the security of player accounts.


b) The huge regulatory burden reduces the opportunity for innovation and competition. Big incumbent operators are the chief beneficiary here, because they have the scale to deal with all the stupid local rules (eg, one European jursidiction requires a clock to be displayed in the software all the time; another jurisdiction required the user to enter their date of birth every login). This makes it harder for a new competitor (eg, Run It Once; Google/Facebook/etc.) to enter the market, because there's a huge burden of silly stuff they need to adapt for every local jurisdiction.



*I've put these in quotes because I don't want to go through the process of precisely defining these terms, because I recognise that there are quibbles to be had about the precise definition here. Those quibbles don't really matter to this particular post.

On the issue of holding CHP - I have no meaningful information to share here. A big part of my future personal wealth and life quality will (probably) be determined by the GBP/EUR/AUD exchange rates. I don't know anything about the future of those interactions - let alone what the GBP/EUR/AUD/CHP exchange rates will be in the future. I'm no financial advisor, I wouldn't know how to begin to predict the future of those exchange rates.

You'd be better off reading tea leaves than taking any advice from me on exchange rates. I have no reason to think that any exchange rate is unfair etc.



On the issue of playing at CoinPoker - it depends what you want and value in an online poker operator. One of the key strengths of CoinPoker (from a security point of view) is that it is very transparent about how player funds are held. That's a key improvement - over the last 20 years of online poker, that's the number one cause of player losses. Just look at PokerSpot, Full Tilt Poker, Absolute Poker, Ultimate Bet, Purple Lounge, and however many other operators were unable to pay out player funds. Thus, that's a key advantage.

On the other side, CoinPoker is obviously not perfect - the game liquidity is much smaller and narrower than PokerStars/888/PartyPoker (for example).



Online poker operators should be like a good restaurant menu - a variety of options to suit the different needs of different people. A good and resilient restaurant menu will have meat options, and vegetarian options, and cater to a variety of different tastes. Thus, on a good and widely satisfying restaurant menu, there won't be a "correct" option to choose. I think the same applies to online poker. There's no universally "right" online poker operator. Each have different strengths and different weaknesses.

Josem what if CoinPoker would add rake and a rakeback program like Supernova Elite but at other scale ofcourse. Wouldn't this attract many players to compete for the whole year, thus generating rake would stop coin value to drop?

Your question implies a bunch of assumptions, some of which I disagree with. I have no view on the long-term "value" of CHP, any more than I have a view on the long-term "value" of GBP, EUR, AUD or any other currency I work with.

That said, to try to answer your question....


I think/believe:

a) that basically all prices in society are driven by a combination of supply and demand.

b) the best way to increase the price of CHP is to increase demand for it.

c) introducing rake, and then giving some of it back in the form of a "Supernova Elite" program to high volume players would not be the best way to increase demand for CHP

POSTED ON: June 11, 2018 https://blog.coinpoker.com/summer-roadmap-2018/

"Because our platform is complex and entirely new to the world of online poker, getting our development processes to the level we want them to be will take time. In the meantime our team is working tirelessly to improve account and gameplay security under the guidance of Nikki Baumann, our Head of Security, and esteemed security advisor Michael Josem."

@Josem is this true? Are you still involved?

Although i really like the coinpoker project, i believe it is very misleading to use your name IF you are not involved at all.

Looks like this well has run dry

Josem, are you involved in Coinpoker? Do you hold a lot of their tokens?

If so, can you tell us who this site belongs to? Their "Team" page lists a lot of random people, down to Community Managers/Support people/SEO people. What they don't list is the CEO/owners. Surely you know who the site actually belongs to and who the CEO is?

And this is with mods removing negative posts even

I'm still in discussions with them about what - if any - role I'll have going forward.
No, I don't have many. My personal investment strategy doesn't include investing in any currencies - apart from my home, what little savings/investments that I have are mostly tied up in various pension/superannuation funds that are primarily focused on low cost index funds. I try to invest primarily in global index funds, but I think I have a bit of a bias towards Australian/British equities since that's where my life was/is/will be.

I don't know anything more than what is on their website or that they've posted on 2p2 here: https://forumserver.twoplustwo.com/s...&postcount=187

If you have questions about CoinPoker, you should contact them.

This is because:
-I'm not speaking here on their behalf;
-I'm not currently being paid by them;
-I haven't done much* work for them in months;
-We've had discussions about what I may do in the future, that are broadly ongoing.

Rather, my focus in recent months have been on establishing a freelancing/contracting business focused on various public relations and marketing services (mostly outside the world of online gambling).


*The stuff that I've done has mostly been trivial bits and pieces - in much the same way that customers periodically contact me about PokerStars accounts, I just help a little to direct them to get their problem resolved