I started reading OP's post and all the words started saying was gimmick gimmick gimmick gimmick. It's like that commercial on TV where they say you can get a car for $120. Then it shows the woman who won the bidding and in little print it says she bid 1,240 times. Then they tell you it costs each time you bid.

I play poker. You take rake. You focus on creating the best UI available and provide the speediest payouts possible.

^This is all we want!

Stfu and wait for cash out reports before you start making posts like that

Also, you clearly didn't watch the youtube videos on how everything is done

No, it's not like that commercial thing, try reading.

Video cliffs? Did they use the sham wow guy?

Am i correct in the view that when you win chips they are immediately transferred into "bidding chips" thereby removing the ability to play at higher stakes unless you purchase a higher daily allowance through a paid membership?

In other words you have a limit to your bankroll based on membership level ?

doesnt load for me times out
guess its not for slow internet

With the legalization of real online poker just around the corner it seems like they missed their opportunity with a site like this.

This sounds very interesting. I will give this site a try.

I think its actually exactly opposite this...perfect timing imo. Ya gotta remember, most people still won't be able to play for quite some time since not only are there not any sites other than Ultimate (w/less than 200 avg players) up and running, how many people are able to play unless they're physically with in a state actually offering online poker. Even w/compacts coming probably, most articles I read don't expect even Jersey & Nevada to enter into something mutual 'till at least next year; I don't think Jersey will even have a site up 'till at least Thanksgiving. They should be able to bank pretty good for a while and then adjust (or better yet, sell out to someone) as needed later.

No this is wrong. Once they become "bidding chips" you can use them to buy into the games or bid. You just can't use free chips to bid without playing them first.

zero

Eventually but right now there is not much of a trend (one day). Right now seems to be the time to try to play and win because once this gets rolling, I think the chip/$ ratio should rise. People from yesterday bid lower today to try to get some $$ and the trend should be rising for a while.

zero

In their T&C, it seems like they have a legit, postcard-style "No Purchase Necessary" option for the paid tier of chips. So not only can you take the basic/free number of chips per month for free, you can also bypass the $20/month membership fee by mailing them something.

There are plenty of potential issues here, both legal and economic... but, at first look, I think their model is by far the best of all the sweepstakes/gimmick tweaks to poker and also the most likely to result in "serious" play-money games for players who are just looking to get some decent practice in. I expect the profitability of playing on the site to drop down pretty darn close to $0 pretty quickly, but the fact that the play money chips would, to some extent, still carry a positive, semi-linear value means that the higher-stakes games could play at least modestly seriously.

Huh? Around the corner? Like seven years around the corner?

The thing I don`t understand is the paid model, even an average profitable player could grind up 3k in a couple days, I don`t see what incentive they are giving people to spend on the membership, and if people don`t spend how does this thing take off?

anyone else having trouble getting the daily top-up today?

They seem to be using an open source Javascript library to actually run their games:
http://jspoker.pokersource.info/

I wonder how the security of this is.

(the server software is here: http://pokersource.info/wiki/poker-network )

No money heads up, no one's solid.

Guess who was the lowest bid winner today... THIS GUY! Would've said I binked it, except there wasn't enough $ left for my full bid and I got a total of 5 bucks, lol. I'm such a fish at this auction.

Thats $5 more than what you had yesterday! Now go fill out that W9

Well you beat me. I was off by like 3 auction points. If only I had bid for a bit less.

At this rate will tomorrows bid rate be over $30. I am sort thinking that. Just a guess though.

I think the idea is cool enough... but the software is dreadful.

do you have to fill out a tax form for every auction you get cash from, or just from the cash you actually cashout to your bank?

indeed. i flat a bet that gets raised and i click it back but it just calls...

LOL. The trend of the lowest LC/$ accepted has almost doubled

Was playing 1/2 PLO, guy raised to 6, calls around to BB who "raises" to 4. It registers as a raise, so everyone has another chance to act, when he didn't actually even call. Original raiser then makes it 14, calls around to BB, who "raises" to 12. This proceeds until all 7 players at the table are all in, 6 rounds around the table later.