ECB,

I believe you all right, ..... I believe you actually have no f**king knowledge about that upon which you pontificate.

https://www.youtube.com/watch?v=zrzMhU_4m-g

You don't want to be throwing shade gratuitously or maliciously , do you ?

Did an iMessage search for texts I had about Doug

Thu Dec 9 2021

“Doug polk says his crypto guarantees a return of around 10-20% a year. Wtf does that mean? It means it’s a scam”

So you out Borovetz for making up some sob story for $200 but defend Polk who promoted a scam promising 20% returns and got lots of people to invest thousands and more?

Sounds about right for you.

Borovetz attempted to scam me directly, with a lot of BS that I took to 2+2 for some due diligence. As it turned out, he had a career built on scamming in various airports around the US, something I did not know when I asked about him. He later came on 2+2 and copped to it

You, on the other hand, seem to me to likely have zero personal knowledge, or even less than zero, about any facts regarding crypto, finance/rates of return, Coinflex, or even Doug Polk's knowledge or lack thereof.

I'm of an opinion that it is reasonable to question your ability to make any credible factual statements on just about any topic where you were not directly involved.

Basically, I believe you are tolling in this thread, for whatever reason.

So okay since you're the expert please tell me and everyone in this thread that Polk did not promote something that was promising 20% returns. How about the tweet from a guy I read to Polk who claimed he invested $20,000 in Coinflex because of Polk promoting it? i guess that doesn't bother you either.

But shaming some gambling degen asking for a couple hundred dollars at airports, when you didn't even give it to him, and acting like he was the worst person in the world? i guess that's okay for you.

Doug Polk, who makes podcasts calling out all the scammers and cheaters in the community has shown to be doing the same damn thing promoting that scam Coinflex. But yet you're okay with that and defend him?

Dude you're a joke.

Oh and at least Borovetz had the courage to cop to it and admit it on here. Doug Polk on the other hand denies everything, acts like he is a victim and did nothing wrong.

Did you invest anything through Coinflex ?

Did you invest anything in Decent.bet Phil Helmuth promoted as its Decent.Bet Ambassador to the world..... or whatever crypto he is now promoting.

https://www.youtube.com/watch?v=62yw76BfuSc (The -be-the-house model, Phil, The Positivity Guy, on crypto/gaming/lightbulb moment/poker"Decent.Bet has an amazing future and can build an amazing online casino....")

but he didnt stfu. he talked alot and just make excuses.

Skip to 6:10 when we see Doug. He was doing a video on a cryptocurrency that he claimed was a scam. For comedic effect "coin flex" replaced the crypto name that he was talking about.

When you throw so many people under the bus over the years, in your attempt to... I dont know, maybe gain fame and attention and it comes back around to bite you, it seems poetic. If Doug wasn't guilty here I am 100% sure that he would have made a video about it and Doug would have been a total dick to the person in his own spot.

It's called karma and this time it went all the way around. The only bad thing is that he hurt his audience in the process.

To those thinking that he hasn't lost his good name, you are wrong. We can only imagine how hard Doug would rip into himself, slandering his own name, embarrassing and humiliating himself for the whole world to see, if only it wasn't him on the receiving end.

You get what you give.

Do unto others as you would want them to do unto you.

Sucks to be him, but he brought it on himself.

Yall need to stop acting like DP is some saint that suddenly turned evil..
Doug was staking guys knowing they were VPN'ing and multi accounting 10 years ago, then bashing guys for doing the exact same thing on his youtube for teh clicks/$.
lol hypocrite

Wow. Didn't know that. Are you sure?

Yeah bruh it happened..
I've only been posting about this on 2p2 for like 10 years now lol

Curious, what was the actual crypto coin he was dogging in the unaltered video ?

I was staked by Doug in 2012 and he provided the VPN lol. I'd forgotten all about that. Fun times. As Tercet said, this isn't exactly ground breaking news nor is it that big of a deal.

You mean VPNing, as in wanting to play on Stars or GG from the US, by pretending say, to be from Mexico ?

(Multi-accounting/ghosting/playing as someone else is different than VPNing in my opinion.)

I've been around a long time, not sure who else here thinks pretending to be playing from Mexico, as yourself, is a capital crime. There is a reason you've been crying in the wilderness ?

Bruh, did you ever approach any poker regulator about it ?

Doug just got featured in a small floor clip in WSOP stream. They seem to not have a clue about Coinflex scam.

Multi accounting was a big deal back in 2011 era

It is certainly a little or a middle of a deal.

And it's another example of a possible pattern of involving himself in things that aren't illegal but are unregulated, or are rule breaking but not lawbreaking.

I would have to discount Upswing from the above statement as I don't see anything rule breaking about it, and regulated or unregulated is not applicable for poker training sites.

-------------------------------------------------------------------------------------------------------------------------------

Back on the issue of CoinFlex itself....

I've been looking into how the borrowing side of things work on it, that is when clients deposit Bitcoin on the site as collateral with which to borrow USD, the interest of which they are paying on the loan, is the interest that flexUSD coin owners receive a proportion of.

(Ironically, there is a parallel of sorts to Poker backing and staking.)

If I get time in the next 1 to 3 days, I'll break down how it works on Coinflex, and how it looks compared to other platforms where you can also borrow USD against Bitcoin, such as BlockFi.

The key finding is that CoinFlex's lending model is far superior to that of BlockFi and others.

So this fact, if Doug Polk was aware of it, may have also been something that encouraged him to promote CoinFlex.

I have no idea what ideal or moral value you are trying to defend here.

Well I actually I do. You just want to make a fool of EastCoastBalla because he said 'believe me' while not actually being part of the HSP scene Polk resides in.

That's actually even worse then Polks silly Shilling Crypto Scam.

Gzesh is using Whataboutism https://en.wikipedia.org/wiki/Whataboutism as one of his method's to disagree with somebody else's point.

That's not to say that he couldn't be right about the other person being wrong, but using Whataboutism as a strategy is weak and poor IMO.

I'm "Poker Jeezus" and the original video was him bashing the Bitconnect scam

Bloomberg article


Not looking great at getting that money back anytime soon...

Interesting that in trying to distance himself from coinflex , as of today he has not removed all you tube videos with coinflex as a sponsor . Perhaps he cant due to contact terms ?

They are absolute clowns and/or might not be telling the full story.

I mean $47M is suddenly $84M. It's a complete joke.

I suppose at least if they follow through and actually do allow 10% of each client's balance to be withdrawn, it shows a willing and maybe 10% becomes a total of 20% and 30%, but you're right it really doesn't look good, and they've spunked off a considerable chunk of the assets (asset value) of the assets, that they were entrusted to protect, either through the absolute amateurish BS arrangement or kiddies' playground nonsense they got involved with, with Roger Ver, and/or by possibly punting themselves, and/or if they don't have any controls or tempering systems in place to protect their collateral position being damaged by market gapping and clients being stopped out way past the amount of margin that they have lodged with the exchange.

The fact that $47M has now become $84M, that they've now twice missed their own deadlines to allow withdrawals and that Mark Lamb has been quite evasive when asked certain questions in interviews, all suggests that there may be more damaging information or admittals to come out.

Coinflex isn’t going to sue Doug lol. You think they have $100k and a few years? No.

Doug rn is trying to protect his image online by erasing evidence of a coinflex partnership. Doug isn’t going to answer anymore questions cause he knows there’s an above 5% chance he is a part of a chargeable criminal conspiracy.

Imagine suing Doug in court and getting access to his assets like the lodge or upswing.

Or even worse, imagine a bunch of investors sue Polk and find out they can’t get any money out of him