Hes a smart man. But I honestly feel that he wouldnt have touched Seals with Garrett's babydick if it didnt have a bitcoin tie-in. The second poker died, he was looking for a new cause, and bitcoins were there. And the second he started to get a taste of celebrity through it, he was balls deep. And if you want to make it as a bitcoin advocate, well there are only so many causes you can champion that justifies it. So you end up going into that whole neo-privacy-advocate-crypto-will-free-us-all school of libertarian econo-autist-anarchism because once you subtract that from bitcoins you have... what exactly?
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Part of me believes that he made A LOT more money from SWC than people are leading on here. If he's had 50% for this long I'd say he's probably got about 2-3 million.
The other part of me questions why he has a $400 laptop and still wears the same shirts from 20 years ago and is playing free rolls to $5 tourneys on pstars.
Some of these people still think bitcoin will go past 10k. The craziest think 1btc will one day be around 1 million. LOL at those people. Obv seals with clubs has no large bearing on the bitcoin market though, no price drop on the news. Bitcoin holding steady around 230-250 past month.
I disagree.
There wasnt a lot of traffic on Seals, and they had at least 3 people on salary (micon, other owner, hdev(?) the sysad) plus at various times they had to spend considerable sums on advertising, consultants, developers, etc. Honestly Id be stunned if Seals took down more than $200 a day in rake.. but even if it took down 5 times that much, and even if there were ONLY the three of them carving up that pie, Micon still only made about $122,000 a year. And obviously we are assuming Micon was a winning player when he took his paycheck to the tables, which is a whole other kettle of fish.
I mean, maybe I checked that place out on slow days but usually there were like, 3-8 people logged in at any given moment.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
You can write off the mining right off the bat. Like right now. The volume of gear/juice you need to mine BTC profitably is astounding. That shits dead, its been dead.
As for the rake, I recall their rake being miniscule to begin with. Factor in the low volume of play and yeah, I think 5btc a day is super optimistic for them. Again; maybe the site was much busier than I recall, in which case maybe they made more. But what I saw when I logged in was a literal handful of micro stakes players killing time.
If someone has different numbers for their average userbase at the tables, I'm all ears tho.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Let us not forget the money flushed during the Butterfly Labs fiasco
Guns, handcuffs ´n stuff & online poker?
Remembers me...
Yeah it is now and a year ago and two years ago, but you forget how long Micon has been active in this.
Micon used to be tossing out about 10 BTC a week to people on the forums to go on SWC. I honestly think he has a lot more than you're giving him credit for. I also remember SWC being a lot busier. Yeah sure there was microstakes going on but there was quite a few times, early on especially, that I remember people playing like 1-2 and 2-4 quite consistently.
Then again like I said, I don't understand why he'd be on a $400 laptop, be wearing the same shirt for 20 years, and is playing freerolls on stars. It could just be the Jew in him, he could really be broke, or he could just have all his money in BTC still.
Micon bit the fiat currency is evil bug super hard, so it wouldn't be surprising to me that he keeps 99% of his roll on BTC.
I seem to remember at one point Seals had a 24hr average of about 60 players, with a 24hr peak of like 160 or something.
I could be remembering wrong. All that should be available on pokerscout if they haven't removed the listing yet
I can't be the only one entertained by all this. Good for micon, I hope he has untold amount of bitcoins. All the power to him.
@DutchBoyd · 3h 3 hours ago
How is the fact that Micon got raided at gunpoint over SealsWithClubs, then fled the country not a news item?!? @PokerNews @CardPlayerMedia
Fair enough. In a vacuum this is true, I suppose.
So is going into a liquor store with a mask and a licensed firearm. Dude is filled with bad intent. From a legal standpoint, lol.
If he is intends on keeping his promise to open in days without doing the necessary paperwork... the food thread is at risk.
I gave Druff a suggestion for an opening song the last time I co-hosted. The show had been off for a week so I thought the song was semi-fitting, as it both mentioned "being back" and "radio".
Well, Druff, in keeping with his personal policy of never playing anything past 1989 decided to go with something else. I understand, it's his show after all. I am merely the humble "permanent guest co-host".
But let me make a suggestion now for next week's show. It's not only firmly in Druff's wheelhouse of the 1980's, but also relevant to events going on in the poker world. Next's weeks show should, no.... needs, to open with this ditty:
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