F.A.Q.’s

What is Ideal Poker?
What is Asymptotically Ideal Poker?
Is it an “Alt-Coin”?
Why not just use bitcoin?
Why would anyone want to use the players universal poker coin (Naj Coin)?
Won’t sites just create their own coin?
Do crypto sites really have lower effective rake?
Is “Ideal Poker” banned on 2 + 2 forum the poker players’ community?
What is Ideal Money?

 What is Ideal Poker?

The concept of Ideal Poker was first proposed here in the form of a lecture by John Nash called “Ideal Money“.  Words like money and banks were substituted with chips and poker sites revealing very interesting observations on how poker works as an economy and how it might be evolved towards an “ideal”. We here define it as:

Theory to stabilize inter-site effective rake. The idea is for players to create and adopt a universal digital poker coin creating a near zero (or zero) cost network for instantaneous bankroll and exchange (ie “money” for chips) transactions. By creating “network liquidity” the players are able to put pressure on sites to offer a rake standard of superior quality.

What is Asymptotically Ideal Poker?

Asymptotically Ideal Poker is the players community’s implementation of Ideal Poker.  The basic idea is to create a crypto-coin for the poker player’s community and use the adoption of this coin to vacuum up the potential value of effective rake that currently leaves the game to centralized poker site models.

It is very akin to paying players to sign up for email 2.0 and the value comes from the new efficiencies gained from creating a crypto-poker-financial network.

Is it an “Alt-Coin”?

No not really.  It is simply a digital asset that rides on top of the Bitcoin block-chain.  If you don’t understand the technical details it’s fine you won’t need to. Most find it  helpful to think of it as a coupon.

Why not just use bitcoin?

The goal is in fact for all sites to use bitcoin or some form of crypto-currency.  This projects initiative is to spread the adoption by incentivizing players to sign up for a wallet.  By creating our own poker coin, the coin gains its own value based on the efficiency it creates in the industry.  This incentive is what drives the adoption, essentially by using individual player’s “greed” as the motivation to cooperate.

Why would anyone want to use the players universal poker coin (Naj Coin)

Naj Coin’s purpose is to teach the poker community about crypto-currency.  The true power of this new technology is to create a new rapid and costless financial network.  By adopting this technology the cost of playing online poker is expected to slide because, along with lower costs for sites to offer a poker product , the players now have and increased liquidity to exercise the power of their collective will.  This will put pressure on sites to offer a game of higher quality (and therefore lower effective rake).

Won’t sites just create their own coin?

Yes we expect them to, in fact there are already many sites that use and except crypto currency and there are more on the way.  Some sites use bitcoin and some will use their own coin.  But this won’t stop them from adopting the players Naj coin, in fact cypto poker sites have an increased incentive to adopt the players coin since for many players it will be how they break through the crypto barrier.

Do crypto sites really have lower effective rake?

Yes check out Seals with Clubs for example.

Is “Ideal Poker” a poker site?

No.  Ideal Poker is more of a club card created and sponsored by the players.  Each site or business in the industry can choose how they might honor the use of this coin.

Is “Ideal Poker” banned on 2 + 2 forum the poker players’ community?

As far as we are aware the subject of “Ideal Poker” is not allowed to be discussed on the players international community forum. Sometimes we fear what we do not understand, however we look forward to being able to have this discuss in the public view to dispels these negative myths.

What is Ideal Money?

Ideal money is a lecture by John Nash which he has been traveling the world touring country to country giving talks about over the last 20 years.  It is a topic not very well understand by anyone the author here can find.  Wiki defines Ideal Money as:

Ideal money is a theoretical notion promulgated by John Nash (Nobel Laureate in Economics), to stabilize international currencies. It is a solution to the Triffin dilemma which is generally about the conflict of economic interests between the short-term domestic and long-term international objectives when a currency used in a country is also a world reserve currency in the meantime.

Here are a few in depth looks at the topic of Ideal Money:
What is “Ideal Money?”
How Bitcoin Is and Isn’t Ideal Money
An Interesting Biography, an Interesting Blog, and an Interesting Lecture on ‘Ideal’ Money
Satoshi’s Choice: Decoding Bitcoin’s Money Supply

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