IS SEALS WITH CLUBS DONKDOWN??? (Update: Micon charged with a felony in Nevada)

[BetCheckBet]

I initially dismissed this as an excuse to write your typical prose. But you know, you are most likely correct.

Same adolescent bullshit that had 8000 teenage kids arrested during occupy Wall Street.

Id say it has more in common with the tribes subscribing to Liberty Dollars and so on. The OWS types are basically against wage inequality and the total lack of oversight into the world financial machine, so on, which lets face it is reasonable. The bitcoiners refrain is closer to 'no gov intrusion into privacy, legalize drugs, legalize gambling, legalize personal responsibility' which would be a lot more fun if the people singing that song didnt have quiiiite so much in common with the chem trails/anti-vaxxers/GMO activists on one hand and the 'dont tread on me' separatist NRA weirdos on the other.

One thing I will pat Micon at the back for is his ongoing championing of evidenced based medicine and science. His questionable beliefs tend to be around philosophical rather than scientific issues.

[sonatine]

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?

 

[anonamoose]

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.

[Sanlmar]

Gotta mix the possibility he was also on life tilt if he truly believed Bitcoin wasn't a bubble and he was still holding.

His head just wasn't right.

Micon got in at 18 bucks. Plus he's made a shit ton from swc rake. Additionally Micon gets to keep bitcoins from dead accounts (for those that don't remember SwC used to have a clause that after 6 months inactivity the casino could confiscate bitcoins). There's very little chance Micon is in that much financial difficulty except if he has difficulty liquidating the coins. Mison has also made comments in past interviews that financially is is very secure and didn;t need to worry about things like paying for his daughter's education.

He bought some at $18. He was paid in Bitcoin too. His cost basis still may be less than $250

Imagine what the tilt not selling at $1200 might feel like.

[ToasterOven]

Micon got in at 18 bucks. Plus he's made a shit ton from swc rake. Additionally Micon gets to keep bitcoins from dead accounts (for those that don't remember SwC used to have a clause that after 6 months inactivity the casino could confiscate bitcoins). There's very little chance Micon is in that much financial difficulty except if he has difficulty liquidating the coins. Mison has also made comments in past interviews that financially is is very secure and didn;t need to worry about things like paying for his daughter's education.

He bought some at $18. He was paid in Bitcoin too. His cost basis still may be less than $250

Imagine what the tilt not selling at $1200 might feel like.

Reasonable people would probably sell a lot of bitcoin at 1000-1200, but what would the true believer do?

[Sanlmar]

I would think at this point Micon is fairly well off. He was 50% owner of seals, and he was talking about bitcoin when it was like 10 bucks.

As for going to Antigua, it's not a bad idea now because it really doesn't change anything for him as far as possible charges are concerned. However, when/if charges are laid, then it's a different story. It's more than just pissing the government off. It's another crime in and of itself.

In terms of his video, it was a bit ridiculous. To act like he was doing nothing wrong but just a victim of a "police state" is juvenile. And to say that they "stole my stuff" is downright idiotic. Also though I agree that 12 guys with guns is overkill, to say "why didn't you just call me I'm a reasonable guy". Implying he would totally co-operate, but then immediately ran to Antiqua, is lol worthy.

Obv you missed the post regarding Antigua's gaming license fees. No way he is paying that if only it would take decades to recoup the expense from his micro site

[matos]

He bought some at $18. He was paid in Bitcoin too. His cost basis still may be less than $250

Imagine what the tilt not selling at $1200 might feel like.

Reasonable people would probably sell a lot of bitcoin at 1000-1200, but what would the true believer do?

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.

[Sanlmar]

He bought some at $18. He was paid in Bitcoin too. His cost basis still may be less than $250

Imagine what the tilt not selling at $1200 might feel like.

Reasonable people would probably sell a lot of bitcoin at 1000-1200, but what would the true believer do?

If you bought at $18 (for shits and giggles) a reasonable person would have sold at $100. The balls it takes to hold to $1200 are the same pair that has you hold til $0

[sonatine]

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.

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.

[anonamoose]

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.

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.

So you're saying that you'd be surprised if they took down more than 1 btc - 5 btc in rake? Come on man get real.

You're also forgetting that Micon had mining rigs that he was pulling money off of as well.

[sonatine]

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.

So you're saying that you'd be surprised if they took down more than 1 btc - 5 btc in rake? Come on man get real.

You're also forgetting that Micon had mining rigs that he was pulling money off of as well.

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.

[Sanlmar]

Let us not forget the money flushed during the Butterfly Labs fiasco

[Daniel72]

Guns, handcuffs ´n stuff & online poker?

Remembers me...

[anonamoose]

So you're saying that you'd be surprised if they took down more than 1 btc - 5 btc in rake? Come on man get real.

You're also forgetting that Micon had mining rigs that he was pulling money off of as well.

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.

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.

[Daredevil]

I would think at this point Micon is fairly well off. He was 50% owner of seals, and he was talking about bitcoin when it was like 10 bucks.

As for going to Antigua, it's not a bad idea now because it really doesn't change anything for him as far as possible charges are concerned. However, when/if charges are laid, then it's a different story. It's more than just pissing the government off. It's another crime in and of itself.

In terms of his video, it was a bit ridiculous. To act like he was doing nothing wrong but just a victim of a "police state" is juvenile. And to say that they "stole my stuff" is downright idiotic. Also though I agree that 12 guys with guns is overkill, to say "why didn't you just call me I'm a reasonable guy". Implying he would totally co-operate, but then immediately ran to Antiqua, is lol worthy.

Obv you missed the post regarding Antigua's gaming license fees. No way he is paying that if only it would take decades to recoup the expense from his micro site

Obv you didn't read/understand my post. It's not a bad idea from the standpoint of his personal legal issues, not his business ones.

[JimAfternoon]

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

[yaahello]

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.

[simpdog]

@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

[Sanlmar]

Obv you missed the post regarding Antigua's gaming license fees. No way he is paying that if only it would take decades to recoup the expense from his micro site

Obv you didn't read/understand my post. It's not a bad idea from the standpoint of his personal legal issues, not his business ones.

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.

[Daredevil]

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: