Open Side Menu Go to the Top
Register
Cryptocurrency:  ICO/Pre-sale thread Cryptocurrency:  ICO/Pre-sale thread

01-20-2018 , 06:01 PM
Quote:
Originally Posted by TopPair2Pair
When you can play poker on the blockchain, that's when the real decentralised poker begins via dApps.

With CHPs (did I say that right?) what happens to rake if its value increases exponentially?
If the value of CHPs increases what is the complaint and cause?

Quote:
Originally Posted by AllinPoker
Coinpoker looks very cool as a player and being involved with cryptocurrency. But as a investor in this stage of the ICO I'm a bit concerned of the valuations involved. If coinpoker reaches its hard cap, at today's prices, they are raising around 100M USD I believe doing some quick rough math. During the pre-ico sale, ETH price was around $333 I believe and you got 6600 chp. Now ETH price is at $1158. You get 4200chp. Pre-ICO investors getting a 5-1 advantage here in the number of CHP. Only couple months has passed.

I'm bit concerned of them setting such a high hard cap given today's high ETH prices. They don't need to raise $100M to start up a poker site. The team pretty much collects $10M USD without even having real money games yet.

Prices also were $1400 just last week which would make the numbers way worse. Also my memory is little vague, but I don't like that Tony G is the main advisor to this. If I recall 10 years ago or so when I was more into online poker, he was involved in some shady poker site fraud involving some Russian poker site I think? It was almost like a Ponzi scheme if I recall. I'll try to dig it up but can't recall the name now. To be fair my memory is little vague here. Maybe someone here remembers it more.

I only did some rough math for this, didn't read the whole white paper and could be off on a lot of things here but just giving my heads up so far on what I'm aware of.
Download the software and try playing. This project is obviously well funded and most of the CHPs are probably owned by whales like tony.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-20-2018 , 06:04 PM
Why do they say games launch in Feb when they are live now? I am also impressed with the site, I hope it does well.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-20-2018 , 06:17 PM
Quote:
Originally Posted by Mike B
Why do they say games launch in Feb when they are live now? I am also impressed with the site, I hope it does well.
they are in beta phase.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-20-2018 , 09:00 PM
Just want to jump in here and say, if you missed out on the MOBI ico but want to get in, you can purchase it on the stellar decentralized exchange here: stellarport.io
Cryptocurrency:  ICO/Pre-sale thread Quote
01-21-2018 , 01:18 AM
What's it trading around?
Cryptocurrency:  ICO/Pre-sale thread Quote
01-21-2018 , 08:21 AM
Quote:
Originally Posted by bware
What's it trading around?
See for yourself:
https://portal.stellarport.io/exchan...CMGWMRDNSWJPIH
Cryptocurrency:  ICO/Pre-sale thread Quote
01-21-2018 , 09:53 AM
Quote:
Originally Posted by Nooseknot
If the value of CHPs increases what is the complaint and cause?

Download the software and try playing. This project is obviously well funded and most of the CHPs are probably owned by whales like tony.
So then its a pyramid scheme. nice. This is not another thread for you to spew in.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-21-2018 , 01:46 PM
Thanks for the heads up guys I got some CHP and Pinnacle.

Quote:
Originally Posted by noname6520
Newbie question, how/where could I store these tokens if I bought some on this exchange?
Cryptocurrency:  ICO/Pre-sale thread Quote
01-21-2018 , 03:56 PM
Quote:
Originally Posted by AllinPoker
Coinpoker looks very cool as a player and being involved with cryptocurrency. But as a investor in this stage of the ICO I'm a bit concerned of the valuations involved. If coinpoker reaches its hard cap, at today's prices, they are raising around 100M USD I believe doing some quick rough math. During the pre-ico sale, ETH price was around $333 I believe and you got 6600 chp. Now ETH price is at $1158. You get 4200chp. Pre-ICO investors getting a 5-1 advantage here in the number of CHP. Only couple months has passed.

I'm bit concerned of them setting such a high hard cap given today's high ETH prices. They don't need to raise $100M to start up a poker site. The team pretty much collects $10M USD without even having real money games yet.

Prices also were $1400 just last week which would make the numbers way worse. Also my memory is little vague, but I don't like that Tony G is the main advisor to this. If I recall 10 years ago or so when I was more into online poker, he was involved in some shady poker site fraud involving some Russian poker site I think? It was almost like a Ponzi scheme if I recall. I'll try to dig it up but can't recall the name now. To be fair my memory is little vague here. Maybe someone here remembers it more.

I only did some rough math for this, didn't read the whole white paper and could be off on a lot of things here but just giving my heads up so far on what I'm aware of.
Totally agree with your assessment.

Two issues I have with this ICO:

1. Valuation of ~100M is insanely overpriced for a company/poker site with no users or revenue yet.

2. The bigger issue I have is, how is it that this poker site will be better than existing poker sites? They need to be a better poker site to drive demand to the site and for people to buy their coin to play. The only thing they claimed is true rng, but thats not an issue w any site. And then there's the downside of having to worry about their coin going down in value. Their software seems pretty decent, but that isnt part of their vision or strategy. They have no vision or strategy or any statements of values that solves issues poker players care about.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-21-2018 , 04:08 PM
Quote:
Originally Posted by CheckCheckFold
Totally agree with your assessment.

Two issues I have with this ICO:

1. Valuation of ~100M is insanely overpriced for a company/poker site with no users or revenue yet.

2. The bigger issue I have is, how is it that this poker site will be better than existing poker sites? They need to be a better poker site to drive demand to the site and for people to buy their coin to play. The only thing they claimed is true rng, but thats not an issue w any site. And then there's the downside of having to worry about their coin going down in value. Their software seems pretty decent, but that isnt part of their vision or strategy. They have no vision or strategy or any statements of values that solves issues poker players care about.
Download the software and play a game.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-21-2018 , 05:56 PM
Quote:
Originally Posted by Czar Chasm
Thanks for the heads up guys I got some CHP and Pinnacle.



Newbie question, how/where could I store these tokens if I bought some on this exchange?
The exchange is decentralized, that means that you execute trades directly from your stellar account. If you were to buy these tokens, on stellarport.io, they would already be stored in your stellar account. Imagine if myetherwallet had functionality to trade erc20 tokens using a decentralized exchange running on ethereum, that's what this is.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 06:32 AM
how is coinpoker dealing with regulation, is it an advanced seal with clubs who doesnt give a **** and accept anyone, or some new poker room that will have to deal with regulations all over the world ?
They talk about privacy, but that the main factor for me, free worldwide market without regulation is appealing, blockchain to hype an old market not so much.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 07:37 AM
OK i ve done minimal research. Love the goal of serving worldwide. Hate the model.
- the token will make it harder to get customers : would have been much easier to use some current currency : bitcoin cash that i really dislike would be a better currency than homemade token. Multicurrency being the better option in the long run
- marketing to the wrong crowd : it looks grinder designed. Functional but bland(full tilt look was way more appealing 10 years ago but killed by multitabling regs)
- ICO model makes it a terrible investment in my book. I'd rather a 100% equity token and play not being linked to the token. Using an ICO just show the reality they couldn't do it with real investors and are abusing the ico model
- Tony G as an advisor is not a good look and not even attractive to general public

I ve been out of of poker loop for a couple years but seriously doubt it has any upside over seals with clubs like the dozen of sites that tried to replicate it.


The only real positive is josem for security because he has a good track record and fighting cheats and bots is primordial.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 07:38 AM
I ll root for the project still but feel they are doing it wrong
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 09:14 AM
Any thoughts on this one?

http://www.helbizcoin.io/
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 09:23 AM
Quote:
Originally Posted by Calizzo_
Any thoughts on this one?

http://www.helbizcoin.io/
Name is dumb, many actors already working on that market without a blockchain(wtf is blockchain usefull for here), and another useless token.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 12:04 PM
Quote:
Originally Posted by eddymitchel
OK i ve done minimal research. Love the goal of serving worldwide. Hate the model.
- the token will make it harder to get customers : would have been much easier to use some current currency : bitcoin cash that i really dislike would be a better currency than homemade token. Multicurrency being the better option in the long run
- marketing to the wrong crowd : it looks grinder designed. Functional but bland(full tilt look was way more appealing 10 years ago but killed by multitabling regs)
- ICO model makes it a terrible investment in my book. I'd rather a 100% equity token and play not being linked to the token. Using an ICO just show the reality they couldn't do it with real investors and are abusing the ico model
- Tony G as an advisor is not a good look and not even attractive to general public

I ve been out of of poker loop for a couple years but seriously doubt it has any upside over seals with clubs like the dozen of sites that tried to replicate it.


The only real positive is josem for security because he has a good track record and fighting cheats and bots is primordial.
No.

Having their own token will allow for implementation of complex algorithmic solutions. Like rakeback, or defining different types of fields. It also allows for shadow investing. Their model is great and all they have to do is announce they will start burning raked coins.

The software is the best I have ever played on. It is very smooth.

Their player pool right now is nearly purely recs as they are crypto fans mostly. Some are new to crypto.

Your impression isn't correct. It is very novel and very interesting. They are going to pay players to migrate there, watch as they do...
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 12:06 PM
Quote:
Originally Posted by Nooseknot
Download the software and play a game.
I already did thats why i said the software was decent.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 12:14 PM
Quote:
Originally Posted by Nooseknot
No.

Having their own token will allow for implementation of complex algorithmic solutions. Like rakeback, or defining different types of fields. It also allows for shadow investing. Their model is great and all they have to do is announce they will start burning raked coins.

The software is the best I have ever played on. It is very smooth.

Their player pool right now is nearly purely recs as they are crypto fans mostly. Some are new to crypto.

Your impression isn't correct. It is very novel and very interesting. They are going to pay players to migrate there, watch as they do...
Lol you sound so partial, that i m sure you believe what you wrote, Poker site are super difficult to start, crypto poker site are even worse. The chances that this site lead to anything but unhappy investors is super slim, and believe me i ll root for them to prove me wrong and succeed cause i d like a website to play casually, i m into crypto and it s already boring me to have get a specific wallet to deposit in a small startup.

Best software wtf are you talking about , i downloaded checked it and it s super generic, I ll give it to you it s good enought to be better then SwC when i tried it a few years ago but thats about it.
Building a player pool in a world where poker is not that popular, where you cannot advertise easy and with an unknown crypto...
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 12:47 PM
Black friday helped killed online poker largely because it made it so difficult for casuals/fish to get money onto a site, but somehow a crypto poker site that uses its own token is going to attract those same casuals? It doesn't matter how AMAZING their software is if there isn't any players.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 01:16 PM
Exactly, but nooseknot glances over this and other valid deterrents every time they're brought up. He shills this hot trash in nvg and gets schooled almost daily.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 01:38 PM
Quote:
Originally Posted by eddymitchel
Lol you sound so partial, that i m sure you believe what you wrote, Poker site are super difficult to start, crypto poker site are even worse. The chances that this site lead to anything but unhappy investors is super slim, and believe me i ll root for them to prove me wrong and succeed cause i d like a website to play casually, i m into crypto and it s already boring me to have get a specific wallet to deposit in a small startup.

Best software wtf are you talking about , i downloaded checked it and it s super generic, I ll give it to you it s good enought to be better then SwC when i tried it a few years ago but thats about it.
Building a player pool in a world where poker is not that popular, where you cannot advertise easy and with an unknown crypto...
I am the first to criticize them when they make mistakes. Listen. You said there is nothing novel. But it is a poker site with a deflationary mechanism for their chips. Their casino has a finite supply of chips that you must buy based on an exchange price. If you can't see that is novel I cannot help you.

Quote:
Originally Posted by Nonfiction
Black friday helped killed online poker largely because it made it so difficult for casuals/fish to get money onto a site, but somehow a crypto poker site that uses its own token is going to attract those same casuals? It doesn't matter how AMAZING their software is if there isn't any players.
In nvg decentralized poker thread I went over the problem of "players boycott". It is the problem that when good intelligent players leave poker stars in boycott, the profitability for others increase and so there is a sticking point/equilibrium.

Its quite simple to solve. You introduce a transferable utility and then players CAN unilaterally deviate and gain. You just don't understand game theory.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 01:47 PM
Why cant the fish be any of the millions of people world wide who have easily depositable crypto? The money is there, its just unfortunately not a sea of computer illiterate old people.

That said, I'd far prefer a system where your eth was deposited to play directly. Its an unnecessary barrier to have to go to etherdelta to get playable tokens.
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 01:51 PM
Quote:
Originally Posted by Nooseknot
Their player pool right now is nearly purely recs as they are crypto fans mostly. Some are new to crypto.
Professional poker players were some of the very early adopters of crypto and have known about/ been involved w/ crypto longer than almost any other demographic I can think of. Yet you contend the site is full of "nearly pure recs, some of whom are new to crypto". That makes zero sense.

Why are crypto savvy professional poker players avoiding a site that's "nearly purely recs"?
Cryptocurrency:  ICO/Pre-sale thread Quote
01-22-2018 , 01:56 PM
Quote:
Originally Posted by de captain
Professional poker players were some of the very early adopters of crypto and have known about/ been involved w/ crypto longer than almost any other demographic I can think of. Yet you contend the site is full of "nearly pure recs, some of whom are new to crypto". That makes zero sense.

Why are crypto savvy professional poker players avoiding a site that's "nearly purely recs"?
Savvy players are not avoiding the site, you dumbass. It is paying negative rake. It is VERY well funded and you can go talk Tony G himself about it if you want. I have done so regularly. You are being a skeptic for no reason. Use your brain before you type.
Cryptocurrency:  ICO/Pre-sale thread Quote

      
m