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Offline Bitshark

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Whens the Poker DAC coming out?
« on: September 27, 2014, 05:22:12 AM »

A poker DAC utilizing bitUSD .. Could be the killer app boosting bitusd into the mainstream.  :o

No more governmental restrictions.
No more tax on winnings.
No more deposit/withdrawal limits
No more high rake.

hello?!?!?!

I have played poker professionally online for over 8 years and tell you this is a guaranteed winner!

Offline thisisausername

Re: Whens the Poker DAC coming out?
« Reply #1 on: September 27, 2014, 05:42:11 AM »
Sergio Lerner's still on the team, too, right?
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Offline xeroc

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Re: Whens the Poker DAC coming out?
« Reply #2 on: September 27, 2014, 09:41:33 AM »
No more tax on winnings.
Not so sure here .. winnings are in a token system .. but once you "cash out" your might need to pay tax ..
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Offline jsidhu

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Re: Whens the Poker DAC coming out?
« Reply #3 on: September 27, 2014, 10:23:50 AM »
No more tax on winnings.
Not so sure here .. winnings are in a token system .. but once you "cash out" your might need to pay tax ..
unless u hold bit assets
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Offline xeroc

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Re: Whens the Poker DAC coming out?
« Reply #4 on: September 27, 2014, 10:31:14 AM »
... still ... just because govermnent cannot check your balances does not mean that you can evade taxation ..

this might become a legal issue however currently is not .. (at least not in my country and not that i know of)
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Offline jsidhu

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Re: Whens the Poker DAC coming out?
« Reply #5 on: September 27, 2014, 10:33:45 AM »
... still ... just because govermnent cannot check your balances does not mean that you can evade taxation ..

this might become a legal issue however currently is not .. (at least not in my country and not that i know of)

then that troll who is scared of taxes becomes valid. We should clarify.
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Offline liondani

Re: Whens the Poker DAC coming out?
« Reply #6 on: September 27, 2014, 01:56:03 PM »
100% agreed

ALL-IN with the nuts!
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Re: Whens the Poker DAC coming out?
« Reply #7 on: September 27, 2014, 08:48:56 PM »
Ya some of the bitcoin poker sites are nice as far as being able to get your money in and out fast especially for players in the USA.  I know a number of people that prefer the bitcoin sites over the offshore shady sites because if you win big at the offshore sites it takes forever to get your money out if you even can.  Most recently Lock Poker is possibly stealing player deposits and winnings as it slowly goes under [1].  Using any of the offshore USD sites from within the USA is a big risk. 

Having a site with games in a stable asset such as bitUSD that we could transfer in and out in 10 seconds would be killer.

The current big bitcoin sites could be reached out to as well to see if they would support bitusd deposits in there games.

1.  http://forumserver.twoplustwo.com/28/internet-poker/lock-poker-payout-scam-cashout-report-via-player-data-year-long-waits-updated-frequently-1359432/
« Last Edit: September 27, 2014, 09:00:53 PM by jaran »

Offline bytemaster

Re: Whens the Poker DAC coming out?
« Reply #8 on: September 27, 2014, 08:50:15 PM »
You cannot prevent cheating in multi-player poker on a DAC.
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Offline emski

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Re: Whens the Poker DAC coming out?
« Reply #9 on: September 27, 2014, 08:51:23 PM »
You cannot prevent cheating in multi-player poker on a DAC.
Unless you completely trust someone eg delegates.

Offline bytemaster

Re: Whens the Poker DAC coming out?
« Reply #10 on: September 27, 2014, 08:52:44 PM »
If you are playing strangers (or delegates) then even if you can trust the shuffle and dealing you cannot prevent other players from colluding. 
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Offline emski

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Re: Whens the Poker DAC coming out?
« Reply #11 on: September 27, 2014, 08:53:39 PM »
If you are playing strangers (or delegates) then even if you can trust the shuffle and dealing you cannot prevent other players from colluding.
This is true for any poker site in the wild.

Offline Bitshark

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Re: Whens the Poker DAC coming out?
« Reply #12 on: September 27, 2014, 11:14:09 PM »
If you are playing strangers (or delegates) then even if you can trust the shuffle and dealing you cannot prevent other players from colluding.
This is true for any poker site in the wild.

Yes this is true no matter what. Collusion doesn't necessitate winning in poker.

Offline bytemaster

Re: Whens the Poker DAC coming out?
« Reply #13 on: September 27, 2014, 11:18:29 PM »
If you are playing strangers (or delegates) then even if you can trust the shuffle and dealing you cannot prevent other players from colluding.
This is true for any poker site in the wild.

Yes this is true no matter what. Collusion doesn't necessitate winning in poker.

It changes the odds in favor of the colluding parties. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline thisisausername

Re: Whens the Poker DAC coming out?
« Reply #14 on: September 28, 2014, 12:42:44 AM »
If you are playing strangers (or delegates) then even if you can trust the shuffle and dealing you cannot prevent other players from colluding.
This is true for any poker site in the wild.

Yes this is true no matter what. Collusion doesn't necessitate winning in poker.

It changes the odds in favor of the colluding parties.

Which is, itself, a signal that can be detected (potentially not with massive false-positive/negative rates -- I haven't looked into it.)

Not that it's terribly relevant since, "This is true for any poker site in the wild."

There was some discussion of this back in this old thread.
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