Is the DOJ about to pull the trigger on sealswithclubs and bitcoins? Discuss.
Yeah, it's ridiculous. Just because there's some intermediate fake currency in between doesn't mean you're not actually gambling for real dollars.
It's not likely Seals is going to get busted because it will always be a tiny failsite that the DOJ won't care about.
I'm convinced beyond any doubt that seals with clubs was created to cheat desperate online U.S. poker players from their money.
Pretty obvious by registering the site as a ".org" tells you they are trying desperately to cover up the fact the site was founded and is operated by scammers. Read the Org info here where it states that Org is intended to stand for trust, credibility, and community interest http://www.pir.org/about . LOL.
Also, the game software is cheap and full of security leaks which has been proven as fact.
Also, it strikes me as totally shady that they are now promoting game starters by offering additional rakeback for game starters. This smells like a scamming strategy to get fish into short handed games and then the thieves proceed to use collusion to take their chips.
From the site....."Table Starter Bonus" effective immediately! All 2 and 3 handed play will recieve 50% rakeback at the end of the week.
Not surprising whatsoever Micon is on board with these horrible and shady characters.
Someone please photoshop up some "Bootsy Bucks"
Im in for $5
Well you are gambling on two things.
1. Your bitcoin bankroll
2. The current value of your bitcoin roll vs your actual currency.
I know I have just stated the obvious but this a ridiculous idea and whoever came up with this idea of bitcoins clearly does not know how an economic system works.
As a bitcoin user, I'd like clarify point 2. No matter what currency you use, you are always gambling on that currency's buying power, which can be expressed in terms of other currencies. A lot of people are currently betting on their countries' inflationary, fiat currencies and losing. It is an open question whether or not people betting on the dollar will lose big in the next few years due to the United States' untenable economic system. Based on that, your statement that 'it' is a ridiculous idea is without merit (and I assume here that 'it' refers either to bitcoin in general or to the idea of playing poker with bitcoin). With respect to the creator of bitcoin not knowing anything about economics, this would seem to imply one of two things:
1) Bitcoin somehow does not behave like money.
You could demonstrate this if you could name 1 feature all forms of money share that bitcoin does not. And within 'feature' I only include essential sorts of things, not happenstance things like 'popularity' or 'stability', both of which bitcoin can and will gain in the future.
2) The bitcoin economy has uncorrectable flaws that make the currency untenable.
I'd be very interested in hearing any you can name, as a lot of people have been working hard to make the bitcoin economy a strong, viable system and we'd very much like to know if we should abandon our efforts. If we've lost our marbles please give us rational arguments so we can invest our time and energy elsewhere.
I think the bitcoin has had its day and will soon be gone, when it fails many a bitcoin bankroll will be worth $0.00. Why not just play a site that takes US players and pray away the DOJ.
Its amazing that the USA does not follow the rest of Europe on this and allow online poker. Dont they see the benifits it could bring via taxes ect.
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