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***The Official 2010 FTP Regulars Thread (NSFW)*** ***The Official 2010 FTP Regulars Thread (NSFW)***

12-08-2010 , 07:59 PM
Quote:
Originally Posted by JumanjiBoard
America isn't Estonia. Other than both being countries, the similarities between the two is barely any.

Last edited by ment52; 12-08-2010 at 08:00 PM. Reason: fäil
12-08-2010 , 08:00 PM
Quote:
Originally Posted by ment52
no i dont see why. stars is more than 8 times bigger than party according to pokerscout and the US isnt even half of its customers.

the second part is http://www.youtube.com/watch?v=QsogswrH6ck. Pretty sure the segregation is much worse for longevity than continuing with the status quo for a couple of years until hopefully a better bill comes along (bc there isnt much room for creating a worse one).

In Estonia the operators (stars for example has acquired a license and is up and running legally) have to pay 5% of the rake collected from estonians to taxes, we can continue to play with the international field and the player itself has to pay no taxes on winnings. This is just to show you that it is possible to write a reasonable law.
The point is that we're very likely to not get a chance to get a reasonable bill. This has been the common theme throughout the thread, including the reason why the PPA jumped on board with the reid bill.

As for the segregation, it won't be permanent. There's money to be made in having the international market on pokersites (both for the sites themselves, and the US government) and because of that the sites would go international.

Yes, there would be a period without it but this is a lot more preferable to where we're headed. At this point in time we're looking towards a future where it's possible more states will follow WA's suit (as I understand it, likely) and even more prevalent - More payment processor issues.

Simply with affiliate signups I'm hearing complains about new players who can't deposit (and these are the ones that choose to send me a support ticket) and it's not hard to find hundreds of posts on TwoPlusTwo about deposit and withdrawal issues. What about all the others affected who don't post here?

We don't have an endless stream of payment processors, and the more expensive and risky it comes to operate, the more likely we'll reach a point where deposits are so difficult that fish no longer bother, or can't bother. Unfortunately this cold, hard reality isn't as far away as people would like to realize. Sticking your head in the sand doesn't just make it go away.

You may find this dramatic, but, do the legwork and you'll see just how close to the truth it actually is. Research this yourself. It's part of your job.
12-08-2010 , 08:00 PM
Quote:
Originally Posted by pontylad
skelm, while i see your point i disagree entirely with surporting this joke of a bill that only supports the vested interests of corporations rather than that of the average american player..... I want to see a regulated system too, but that doesn't mean i'm going to support the first bill with a realistic chance of being passed when it is so obviously ****ed up for many reasons. I'm goingto hopefully save that for a improved proposition at some later time.
+1 to this. I want everything to be regulated too, but not with this bill.
12-08-2010 , 08:01 PM
wow, you're fast, I was just about to post that (karak quote).

Karak is reputable, but not an insider. He called reid's office apparently. There are two other posters who also say they called--one was told the same thing as Karak, another was told "we are still working on it."
12-08-2010 , 08:02 PM
Quote:
Originally Posted by vizer02
+1 to this. I want everything to be regulated too, but not with this bill.
I agree, but I think this was very likely our last shot at regulation for a couple of years to come (and I will be surprised if the industry survives in any reasonable health for more then a year).
12-08-2010 , 08:06 PM
Quote:
Originally Posted by pontylad
skelm, while i see your point i disagree entirely with surporting this joke of a bill that only supports the vested interests of corporations rather than that of the average american player..... I want to see a regulated system too, but that doesn't mean i'm going to support the first bill with a realistic chance of being passed when it is so obviously ****ed up for many reasons. I'm goingto hopefully save that for a improved proposition at some later time.
+1 basically i said the same thing, i don't trust Harry Reid. He is doing it not for the benefit of us ldo
12-08-2010 , 08:09 PM
For those of you who aren't railing the legislation thread, i figured I would post this recent post from Skallagrim.

Skall is an attorney, and he is the litigation support director for the PPA, as well as being a member of its board of directors. I have gotten to know him personally a bit from my work with the PPA, and I have enormous respect for him as an honorable and intelligent person.

Quote:
Originally Posted by Skallagrim
Since I got quoted here I will make a post to explain.

Reid and the B&Ms initially came up with the blackout period. They wanted it as a means to "level the playing field" as has been much discussed.

When we at the PPA saw it (first time about 10 days ago) we freaked out just like all of you. We made getting that changed priority number 1 in our negotiations. When we wen to Reid and the B&Ms and explained how much pain that would cause people they wanted to have as customers, they were receptive. Adjustments were negotiated that might (I say "might" cause God only knows with this constituency) have made the whole thing tolerable, certainly a lot less painful.

When those compromises were presented to other parties negotiating this bill they said "no way." They liked the blackout. IN MY PERSONAL OPINION they liked the pain it caused us. I believe there were also some lip service to concerns about giving states plenty of time to opt out and pass bad new laws. In the end the only thing we could get included was the provision that the bill takes effect 30 days after passage, and the provision creating a 30 period to wind down play. Those provisions were not in the original bill.

But the bottom line was that while Reid and the casinos were quite willing to move, the other side was not. Reid and the casinos would not stop the bill even if we pulled out at that point, and so it became a "take it or leave it" choice. As painful as it was, the PPA ultimately decided, given our long term viewpoint, that the promise of a future as good as we will ever likely get (except for international player pools, and we expect those will come eventually too) was still worth more than the huge and unfair price being demanded, especially since we do not foresee a better opportunity coming in the next 2 years (at least), and we also foresee a steady deterioration of the status quo during that same 2 years (as I have explained in more detail elsewhere).

You can disagree rationally with the choice the PPA made to ultimately bite the bullet and accept the deal on the table. But you should also be able to understand the reasoning behind that choice and see it as very rational too.

Now you can go back to waiting to see what happens. I won't comment on the ups and downs of this bill's short past. But I will say, to quote a famous sports figure, it aint over till its over.

Skallagrim
12-08-2010 , 08:11 PM
Quote:
Originally Posted by nsoshnikov
+1 basically i said the same thing, i don't trust Harry Reid. He is doing it not for the benefit of us ldo

LOL as if legislation that is created in is this country is done so with the people in mind .....
12-08-2010 , 08:12 PM
Quote:
Originally Posted by Skallagrim
When those compromises were presented to other parties negotiating this bill they said "no way." They liked the blackout. IN MY PERSONAL OPINION they liked the pain it caused us.
This part really pisses me the **** off
12-08-2010 , 08:13 PM
Quote:
Originally Posted by vizer02
This part really pisses me the **** off
Completely agree
12-08-2010 , 08:15 PM
Quote:
Originally Posted by skelm
The point is that we're very likely to not get a chance to get a reasonable bill. This has been the common theme throughout the thread, including the reason why the PPA jumped on board with the reid bill.

As for the segregation, it won't be permanent. There's money to be made in having the international market on pokersites (both for the sites themselves, and the US government) and because of that the sites would go international.

Yes, there would be a period without it but this is a lot more preferable to where we're headed. At this point in time we're looking towards a future where it's possible more states will follow WA's suit (as I understand it, likely) and even more prevalent - More payment processor issues.

Simply with affiliate signups I'm hearing complains about new players who can't deposit (and these are the ones that choose to send me a support ticket) and it's not hard to find hundreds of posts on TwoPlusTwo about deposit and withdrawal issues. What about all the others affected who don't post here?

We don't have an endless stream of payment processors, and the more expensive and risky it comes to operate, the more likely we'll reach a point where deposits are so difficult that fish no longer bother, or can't bother. Unfortunately this cold, hard reality isn't as far away as people would like to realize. Sticking your head in the sand doesn't just make it go away.

You may find this dramatic, but, do the legwork and you'll see just how close to the truth it actually is. Research this yourself. It's part of your job.
1. PPA is useless, who cares what they back
2. as i've understood, segregation will end in 5 years at the earliest. that is a very long time you know, and even that is an optimistic timeframe (it might not happen in our lifetimes). by the time it does happen, poker might be a solved game.
3. a few states "might" follow WA-s suit>half the states opting out of the new bill
4. yes depositing is hard for americans, but they still do it to an extent that they can lose 120 million dollars in 10 months, so it is obviously not impossible
12-08-2010 , 08:16 PM
Quote:
Originally Posted by nsoshnikov
+1 basically i said the same thing, i don't trust Harry Reid. He is doing it not for the benefit of us ldo
can I be so bold as to ask why the **** you're ignoring all of skelm's posts saying that poker as an industry is likely to not be viable in a year's time?

you're like a broken record, +1-ing different posts that say the same thing and ignoring posts that are different to your viewpoint.


if you were trolling, you'd be doing a very very good job
12-08-2010 , 08:18 PM
Quote:
Originally Posted by juan valdez
the legislation stuff is important but to balance we need duke to post travel updates, disco to post hooker stories, and shoshnikov to just be himself
1 outa 3 aint bad i guess

Last edited by H0NEY BADGER; 12-08-2010 at 08:19 PM. Reason: though it prolly means we're running under EV. doomswitched obviously
12-08-2010 , 08:19 PM
Quote:
Originally Posted by ment52
1. PPA is useless, who cares what they back
2. as i've understood, segregation will end in 5 years at the earliest. that is a very long time you know, and even that is an optimistic timeframe (it might not happen in our lifetimes). by the time it does happen, poker might be a solved game.
3. a few states "might" follow WA-s suit>half the states opting out of the new bill
4. yes depositing is hard for americans, but they still do it to an extent that they can lose 120 million dollars in 10 months, so it is obviously not impossible
Sigh. Go do the research, you'll get depressed, feel foolish, but at least you'll no longer be naive. Ignorance is bliss, but not when your wallet is in the equation.
12-08-2010 , 08:21 PM
Quote:
Originally Posted by skelm
Ignorance is bliss, but not when your wallet is in the equation.
depending on the size of your wallet, the opposite might actually be true.

obv not in this particular discussion
12-08-2010 , 08:24 PM
Quote:
Originally Posted by Jah Onion
can I be so bold as to ask why the **** you're ignoring all of skelm's posts saying that poker as an industry is likely to not be viable in a year's time?

you're like a broken record, +1-ing different posts that say the same thing and ignoring posts that are different to your viewpoint.


if you were trolling, you'd be doing a very very good job
I didn't ignore. I did say it is very close as did other posters. But i already stated reasons why i think it outweighs the reasons to go with the bill.
12-08-2010 , 08:30 PM
Quote:
Originally Posted by ment52
1. PPA is useless, who cares what they back
4 years ago, we lost a vote in the house of representatives on UIGEA by a vote of about 330something to 70something.

We got Fristed with UIGEA being attached to the Port Security Act in an attempt to completely shut down online poker.

Here we are, 4 years later, still playing. The PPA fought and won, singlehandedly, to delay UIGEA regs until this year. Harrah's is now sort of on our side (they opposed us back then) and we are pretty close to Fristing the Fristers.

It is important to realize that in just 4 years, the PPA has changed the political landscape from everybody is free to screw over poker players to us having had two semi-decent shots this year at passing a bill.

Even if this effort fails, by playing offense, the PPA is keeping our opponents on defense.

The PPA isn't useless; they saved your ass and you never even realized your ass was hanging over a meat grinder.
12-08-2010 , 08:33 PM
im not american, my ass is fine. i just dont want to lose your donks with your crappy bill.

re skelm, did my research by going to internet poker, the first thread about depositing problems was thread nr 62, on the third page, it was from january and 30 posts long.
12-08-2010 , 08:34 PM
Skelm, you've mentioned a few times about the processor difficulties, but is there any reason to think this most recent episode is any different from the other previous episodes where processors have been raided? It seems to happen about 2x a year.
12-08-2010 , 08:35 PM
Quote:
Originally Posted by ZBTHorton
Okay so. I just spoke for a while to one of the guys who has been feeding me stuff for a while. Gonna try and get what he told me in readable terms.

Him: Put it this way, I really want this to pass.
Me: Things are that bad?
Him: The payment processors we're dealing with are getting shadier every time.
Him: I don't think anyone in NVG/Legislation understands what'll happen when somebody like Cereus tells their players "Sorry, this is the tenth time we've lost a processor and we don't really feel like covering your withdrawals anymore, you're on your own".
Him: In addition I don't think anyone realized what'll happen if one of the major site owners get indicted, which I think is a real possibility in the next 6-18 months if the bill doesn't pass.
Me: Are we talking about Ivey, Lederer, Bloch, etc?
Him: Possibly, anyone with more than 5% ownership is at more risk. The owner of FTP has a sportsbook conviction too.
Me: What do you think will happen when that happens?
Him: Run on the bank, at the very least.
Him: Really, when people say the status quo is so great, I don't think they get what happens when one of the big sites is indicted and loses half of it's players overnight, and the others simply walk away. Or when a site stops payment on a check and doesn't honor it. So yes, we need this to pass.
Me: I worry about that too. I worry some site will get 1mm+ confiscated again and just say screw it, we don't honor those checks.
Him: I agree, and I don't give it that much time. So there ya go.
Him: Every US site is facing this situation together. Just a matter of who has the most money in the next big ewallet or processor account that gets seized.
Well this is a bit scary
12-08-2010 , 08:36 PM
Quote:
Originally Posted by ment52

re skelm, did my research by going to internet poker, the first thread about depositing problems was thread nr 62, on the third page, it was from january and 30 posts long.
http://digitaldaily.allthingsd.com/f...e-facepalm.jpg
12-08-2010 , 08:37 PM
Ment, again I'll say this. This isn't Estonia. You say you understand but clearly you don't.

We have 307 million people here. You have 1.7 million people. If you're excited about a country as big as ours putting in 110 million with 307 million people then I have nothing more to say. A little more than 30 cents a person in a country that loves to gamble is an issue. Don't try to pretend you give a **** about anyone else except yourself in this bill. You're being incredibly short-sighted though and if you actually kept up with the legislation thread, you'd see that we are in trouble regardless of the bill going through or not.
12-08-2010 , 08:38 PM
Quote:
Originally Posted by Jah Onion
you're like a broken record, +1-ing different posts that say the same thing and ignoring posts that are different to your viewpoint.


if you were trolling, you'd be doing a very very good job
i like to just post random shyt so i give this +11111111111
12-08-2010 , 08:40 PM
Quote:
Originally Posted by DoubleFly
Skelm, you've mentioned a few times about the processor difficulties, but is there any reason to think this most recent episode is any different from the other previous episodes where processors have been raided? It seems to happen about 2x a year.
Vizers post essentially sums this up, I'll elaborate soon but want to get some hands in first (and tbh this thread is tilting me this morning)
12-08-2010 , 08:41 PM
Quote:
Originally Posted by Jah Onion
This.

Ment, you have no idea what you're talking about if that's the extend of your research it's unfathomable as to why you even posted about the subject in the first place.

I like you and you've always seemed smarter then this, so if you're trolling me, good game, hook line and sinker.

      
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