On the Hidden Value of Decentralized Poker

Decentralized poker is a very strange phenomenon. It causes the players to have to ask themselves certain collective questions they may never have collectively (or even individually) considered before or at least not for a very long time and not within such a large player’s community.

One of the question players face is ‘What is poker?’ Something to be philosophized on in another writing. But the question we want to ask in here is, ‘What is a poker players bankroll?’ Because in the newly coming poker economy based on new technology the concept of a bankroll changes drastically whether or not players want it too.

Bankrolls today are stored on poker sites in a centralized fashion so that the players must put a certain amount of their monies on a site (or an island) in order to be confident enough to get through the swings of the game, until at least their next withdrawal.
The reason players do this is MOSTLY regulation, since transactions between sites and players both take a certain period of time (anywhere from a few moments to never) and both cost a certain amount of money to transact (fees). Some players live in countries where poker is heavily regulated, and so can’t make these transactions and therefore must keep their rolls online or possibly not play at all. (A special note that some countries never entered the player pool at all).

This means that on any given site there is a certain amount of average monies that the players don’t withdraw on a daily basis . This might prove interesting because this was the crux of what created the fult tilt alleged ponzi scheme.

https://thewealthofchips.wordpress.com/2014/05/26/why-mt-gox-scandal-is-comparable-to-black-friday-2/

There was an abundant pooling of wealth just stagnating, which some persons seemingly realized could be used for purchasing or for investments, without causing alarm to any of the players to which it belonged to. The money was ‘effectively’ there, so long as the players didn’t realize it was gone, or didn’t all try to withdrawal at once.

Not only should players be adverse to such a centralized pooling of the players community’s wealth, but players should also realize that in decentralized poker, which does NOT have a 3rd party private centralized pooling of their wealth, there is already then a pool of money with which the players can use to invest or spend.
They can do this on their own individually, or they can choose to pool it together like today’s model and make collective decisions on how to invest it and what kind of risk factors they are willing to expose it to.

And what else is interesting is that players also face the question of how they want to rake the game, how much they will charge, and what should their rackback model should look like.

If we understand a proper economic model of the game, not in a vacuum, then we should be able to see both rake/rakeback and the monies that the players would either individually or collectively invest is NOT separate. So the players can choose to run their game in a fashion that creates a giant investment, and what it is to consist of, and whether or not they want to use that investment to either pay for the costs of the game, or to use it for rakeback or advertising cost to bring more players to the game.

This new coming economic poker model for the game we are creating, can really be seen as a new economic model. This is because poker’s economic model today matches today’s real world model. It consists of banks, depositors, creditors, investments and loans, and interest rates and so does poker when you actually understand the economy of it. And therefore this new superior model the players are creating, is going to be the new superior model for each and every system in place for the world today.
This SHOULD seem natural and obvious to those that are REALLY seeing this for what it is, in that poker players should be seen to be some of the best most intelligent creative and brightest investors in the world. And when poker players turn their strengths on their own model and change it to what would be ‘IDEAL’ poker, it makes sense that they would be the leading forerunners who would spread this change throughout the entire global economic world and each sub model in it today.

Ideal Poker: http://www.scribd.com/doc/224948379/Ideal-Poker

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s