🎰 CoinPoker: Do the Benefits Outweigh the Risks? - Upswing Poker

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PRNewswire/ -- CoinPoker, a cryptocurrency-based poker room, who have already sold out their Pre-ICO in just six days and distributed.


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Welcome to the future! CoinPoker is a cryptocurrency based worldwide online poker room that is aiming to bring the game back to the players. We stand for tru.


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CoinPoker has seen the value of its CHP token increase by six percent in 24 hours following a call for developers to try and crack its RNG code.


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CODE5637
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CoinPoker is part of the new-wave of cryptocurrency-based online poker sites that seeks to streamline the way we play online poker. Thanks to a proprietary.


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CoinPoker (CHP) is a cryptocurrency token and operates on the Ethereum platform. CoinPoker has a current supply of ,, with ,, in.


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CODE5637
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PRNewswire/ -- CoinPoker, a cryptocurrency-based poker room, who have already sold out their Pre-ICO in just six days and distributed.


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coinpoker

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CODE5637
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CoinPoker is part of the new-wave of cryptocurrency-based online poker sites that seeks to streamline the way we play online poker. Thanks to a proprietary.


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CoinPoker is a cryptocurrency-powered online poker room built on the principles of transparency, security, and fair play. Using Ethereum smart contracts and.


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coinpoker

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CoinPoker is part of the new-wave of cryptocurrency-based online poker sites that seeks to streamline the way we play online poker. Thanks to a proprietary.


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coinpoker

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CoinPoker is a cryptocurrency-based online poker site launched in November that utilizes its own native CHP tokens–think of them as chips.


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In CHPs, of course. By using blockchain technology with its CHP, players can purchase and play with the currency no matter where they live. Token massively below ICO price even and market liqudity is still nothing. CoinPoker is built upon five premises that it feels need additional attention to ensure the continued success of online poker and the protection of players. Therefore, the ability to withdraw funds more quickly is a benefit of CoinPoker, but its not a unique benefit. The second premise is transparency. This is simply a nonsensical claim to address a nonexistent problem. CoinPoker has also instituted a fair-play security and fraud system that monitors user actions and identifies and eliminates unethical or automated play. Please chime in below. Both of these guys have also taken to Twitter to sound the alarms about some blockchain poker sites. Additionally, CoinPoker asserts that processing speeds are fast, and players can deposit into or withdraw from their CoinPoker account almost instantaneously.

The increased popularity of cryptocurrency has led to its expanded use in many spaces, and online poker is one of them. Making the value of the currency wholly dependent on the health and success of the particular site places investors at risk of coinpoker most if best games gambling all of their money.

She is an avid low-stakes for now coinpoker player coinpoker huge Vegas Golden Knights fan. He recently joined Doug Polk for a podcast in which they discussed this topic, and you can watch that segment coinpoker the podcast below.

These tokens operate according to Ethereum-based, smart contract cryptocurrency protocols.

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This goes to the heart of the accessibility claim. Relying too heavily on newer sites with their own cryptocurrency that is valued solely on the health of the site is neither safe nor prudent. Do you frequent any of the newer sites? Grab our FREE preflop guide with 8 easy to read preflop charts by clicking here or below. CoinPoker—like other cryptocurrency-based online sites—believes it has the potential to revolutionize online poker by addressing longstanding problems. Signup today for free poker strategy, exclusive discounts, and be the first to get notified on new updates. But the proliferation of new sites each using their own new and native cryptocurrency are unproven and potentially dangerous options that, frankly, create more problems than they aim to solve. I get asked this all the time "Doug, what do you think about X poker project that uses block chain technology? Note: Want to play poker like the pros? Get them now! In a word: none. Like many other cryptocurrency-based online poker sites that have flourished in recent years, CoinPoker offered an ICO initial coin offering that is similar to an IPO initial public offering of new company stock at a heavily reduced rate. Like other sites that rely on sponsorship by well-known poker pros, CoinPoker is heavily backed by Antanas Guoga—better known as Tony G. Finally, CoinPoker touts its Fairplay security and anti-fraud system to monitor user input and actions to identify and eliminate any unfair playing or cheating by players and by programs, if applicable. Join Our Newsletter Signup today for free poker strategy, exclusive discounts, and be the first to get notified on new updates. While not specifically commenting on any particular cryptocurrency-based online poker site, Doug Polk is more vocal about the overall dangers of online poker on blockchain. Any poker site that offers withdrawals of larger market cap cryptocurrencies like Bitcoin or Litecoin would enjoy the same benefit without the risk of going to 0. This is embarassingly bad. The fourth premise is distribution. An ICO is an unregulated method to raise funds for new cryptocurrency ventures. In fact, using already established cryptocurrencies that are not tied to the success of a particular site provide the same transparency and ease as these new, platform-specific currencies without the inordinate risk of failure. But does it? Online poker on blockchain—quite simply—does not make any sense whatsoever. CoinPoker is a cryptocurrency-based online poker site launched in November that utilizes its own native CHP tokens—think of them as chips that only work on CoinPoker. This is not to say that all cryptocurrency-based online poker sites are bad and dangerous. Numbers don't lie, you all lost money. Yeah, right. I don't see any real advantages to playing poker on the blockchain, and I think a lot of these projects are essentially money grabs on a hot industry A lot, not all. About the Author. The first is accessibility in which players have access to Ethereum-based CHP cryptocurrency from anywhere in the world. Whether the currency will maintain value is another story. Thus, the alleged problems that CoinPoker and other cryptocurrency-based online poker sites purport to remedy simply create new problems. Market cap is calculated by multiplying the price by the circulating supply. Note: The quickest way to start winning more money at poker is to improve your preflop skills. Among the myriad of cryptocurrency-based online poker sites is CoinPoker. As for distribution, if the CHPs earmarked for bonuses and promotions are highly volatile or ultimately worthless tokens, then this can hardly be called a benefit. At least not without creating new and much bigger problems for players to worry about. This should elicit a serious red flag for all online players. High-stakes poker pros and cryptocurrency expert Jason Mo is at no loss for words when it comes to assessing CoinPoker. What are your thoughts on the cryptocurrency-based online poker phenomenon? CoinPoker touts the blockchain revolution as having significant potential to solve many current challenges of online poker such as:. In an interesting CoinPoker TwoPlusTwo forum , a CoinPoker representative attempts to answer questions; however, there appears to be some innate deception and inadequately answered inquiries which should immediately raise red flags. This is Dynamik Widget Area.