Who is the project manager of bitcoin?

Dumb Ass.

This is one of the citations I would like to call forth:

https://****************.wordpress.c...oker-industry/
Here we can think of demand in the sense of a market demand. Or in other words it might not be by the players "protest" that such a phenomenon comes about, but rather by natural evolution of what which is valuable and gains value (so sites might be self interested in providing such "rakeback tokens".

There interesting result is it might become a lot easier for a novice players to observe the profitability of each site since it could be reflected in the value of the tokens issued.

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edit I see this link is banned. I will post the full text and ask if its really so unintelligible and illogical it should be considered taboo
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The two last title lines are other links with their own modulated insights. So there is really a coherent argument to be invoked which might satisfy PTLous marshmallow complaints.

I often make mistakes, to what are you referring ?

(I suspect you might be referring to my remark in post644 along the lines that it is a mistake if you confuse market cap and market share. If Exxon decided to go into the poker business, it would have a huge market cap, but zero share of the market ab initio*.)

Chill, I make observations, not accusations itt.

(*I threw in some latin to stress that I am a lawyer and play one in NVG from time to time.)

This is rich considering that bitcoin literally cannot fix any of its problems because nobody is in charge. It's a broken piece of software by any definition. I suppose you consider that a feature?

Hint: Pokerstars employs project managers.

I think back years ago, it might have seemed like I was presenting a strategy, perhaps that the players could boycott and demand stars give rakeback on a "crypto standard" but really the insight holds true from a natural origin perspective. Each of these sites that are emerging are effectively contributing to this metric being created. And in time the players will discover it collectively, as I have.

The discovery will have a dramatic impact on the "socio-economic" status of the game.

In this sense, rather than a possible strategy line, it becomes an axiom, which can be relied and built upon.

Here is Nick szabo, the number one contender for the 300+ billion dollar project and growing at an exponential pace explaining a key insight you don't yet understand by if you give this a quick thought you might:

http://unenumerated.blogspot.ca/2017...alability.html
See its not well known but we (humans, not me) had collectively solved all the problems in creating an apolitical money EXCEPT the problem of scaling. We already had these solutions. And Satoshi brilliance in the face of everyone saying "how can we scale this" was to say "It DOESN'T scale, and therefore I built the security based on this axiom. So you have not understood the genius as pointed out by szabo who is considered THE expert by all of the other computer science and blockchain experts. You are then suggesting that they don't understand software engineering, and you are put an 11 post account. What you claim is limitation is what Szabo claim is brilliant. Who do you think is right, you or me?

Yes they do, and this role is becoming unecessary in the light of emerging decentralized projects. You are speaking as if you are located on the isle of man. Would you like to claim otherwise?

Clearly the alphabet agencies manage it.

No, I'm just a ".net codemonkey" living in the real world. Have you ever wondered why people who have a lot of technical experience aren't all that amazed by bitcoin and don't see it as revolutionary?

Have you ever thought that maybe it's decentralized design isn't a feature for any practical application and it doesn't solve any problems that needed to be solved?

Have you ever thought that you may have drank the cool-aid and now you're trying to fit your new god into every facet of life, even when your audience mumbles "yeah that sounds cool" and avoids eye contact or furthering the conversation?

I wonder how quickly my company would relieve me of my services if I started suggesting blockchain as a solution to the very real but often mundane software problems we get to fix every day.

Nice try

https://forumserver.twoplustwo.com/s...&postcount=644

Me correcting you: https://forumserver.twoplustwo.com/s...&postcount=646
It's important I don't gain a reputation for being wrong about things I am not wrong about.

Some observation, offered for free here ...

1. "Players simply need to collectively demand that their rakeback points be paid out as a digital currency (or assets), so that it may be freely traded on a digital asset exchange."

The importance of this feature will be clear going forward, it is a key feature for the future of poker. Players will not have to "collectively demand" anything, some operators will offer the feature in their own self-interest. If it is meaningful to players, then that's likely going to be a factor, however minor, in their site selection.

2. In reality, many igaming affiliates are currently paid in such digital assets that are freely traded on a digital asset exchange. I'll be looking for hard data in February at the London Affiliates Conference.

3. "Digital assets" I expect that 99% of players have an option to turn their rakeback into game credits/chips on the sites where they play or cash them out in the ordinary course.

You are speaking in a thread in which I posted an AMAZING growth chart of an "impossible" technology which is in a community that bitcoin has served in a very special way to PROVIDE the ability to skirt unjust and immoral anti poker laws in order that they may play the game that they are passionate about...

How much of your bull**** do you think this community will put up with in regard to suggesting bitcoin is not valuable and not useful?

I suspect you wrote that without reading my subsequent post(s), but nonetheless that just strengthens my argument. To disagree is to also argue with Gzesh, and he is very well informed (and positioned!) as he has been exploring (and speaking on) this emerging aspect for years now.

@Gzesh, we should keep in mind, "demand" has a special meaning in economics which I think is best said as "creates a price through want". There is a demand, the market provides, and the value metric is created. It's a special insight.

What do you think that growth chart represents? Bitcoin has been around for 8 years - that is a mature product. It is ostensibly a currency, but nobody accepts it despite at least 5 years of begging from people like you. There's a reason they don't accept it - it doesn't do anything better, easier, or faster than the payment processors they already work with. There are a lot of bitcoin enthusiasts like yourself. It's a market that any company would love to attract, but the costs of accepting bitcoin are way more than the revenue you and your friends would bring. After 8 years. Think about that.

This is where people usually bring up "yeah bitcoin has problems, but we can solve them with crypto X or Y!" Decentralization necessarily limits scaling because of the network effect and there are no practical uses of the blockchain. Again, it's been around long enough that we aren't just waiting on the next big thing to come out (cryptokitties). It's been out, there are no uses.

Bitcoin is not useful. It's value is driven by people who don't understand it's complete uselessness. You guys can have fun speculating on it, that doesn't bother me but that speculation doesn't imply usefulness.

edit: I will concede a use in the black market, I guess.

this stuff stuff does not help you achieve your goals ITT, and will makes you come across as super douchy.

How did someone that doesn't understand the problems and difficulty players around the world face in regard to regulations, laws, and payment processing restrictions end up on this forum?

You aren't a poker player, and you have flagged yourself in front of the community as not being such.

PTLou, that poster is not a poker player. They are claiming bitcoin does nothing useful, and it is a god send to the intelligent poker player. We should berate ignorance and players that do not speak towards the obvious good of the game.

I have deposited to an online poker site using my credit card from the US in the last year.

Reread my post 644, especially the words "bolded portion"

What I said you were mistaken about was the bolded portion of your post, i.e.

" That is a change in market share of the Poker industry.
Month's ago the price of bitcoin was 2kish and its now nearing 20k. That segment of the industry just grew times 10."

That bolded part was a mistake, the rest of your post, which had not been bolded was not commented upon ...

Market share (i.e. roughly the share of player activity) and market cap (the amount of market value a company has ) are two very different things.

Until someone makes inroads into market share, i.e gets a volume of player activity, that someone has ZERO market share, however formidable their market cap (war-chest) may seem.

I'll stand by that remark.

The rest of my post was about something else entirely, the effect of rising transaction costs, on whatever decentralized gaming engine or platform is under discussion, with a reference to "lightning" solutions.

Lets take that to the extreme. Bitcoin grows %10,000 percent next month, pokerstars fiat currencies remain the same. You think the "players" count matters in relation to the power of monopoly that pokerstars holds?

Deny you work for the american government.

Andy,

I thought you'd moved to Zihuatanejo (with Morgan Freeman).

Well, that is certainly taking your read to the extreme end of "wrong".

I do not work for the american government.

yes.

pretty sure I did it on Sunday.

Haha sorry, I thought you were "andy" in that post, lemme re read and rerespond

noose ran out of his meds yesterday.