I envision SP to become a community owned site in the near future, hooking up the backend to an online interface where customers can do the entire decision making about the site, listing tournaments and voting if it should be posted or not. Putting the entire financials of the site online so everybody can see its progress at any time. Having the shares serviced inside the own software and getting all financial processes completely automated. Being able to aquire or sell their shares within the Satoshi Poker client. Proposing new features for the software and have the majority decide if a price quote is right or not. Satoshi Poker will become the first democratic pokersite where the customers decide what happens with it by majority vote.

With players owning their own site and being able to enforce the changes they wish, Satoshi Poker will not just be a site, it will become a movement. A pokersite is nothing but binary code in essence. Any quality any of the sites offer can be rebuilt and even improved, hence the reason that marketleader Pokerstars still has programmers on their payroll to keep improving their software and bringing new games. Having said that it is clear that any pokersite stands or falls by the grace of its players base. It has been this loyal player base which are the reason that we are still in business and turning in a profit, while working with inferior material and budget.

As founder and CEO of Satoshi Poker, I aim to provide the foundation this system can flourish upon. I aim to provide this system the fundamental software for both the site as the new-to-build back end. If our IPO will fail, there would be no issue at all, we can just go on the way we are doing now and keep growing organically. I believe however that it is a mistake to try to grow organically while having the chance to have the very same players who are now supporting the site buying parts of the sites and reaping the benefits of their efforts to take our site upwards. We tried to build a technical solution to have our players buy shares in the site from our own website but we failed to do so, as the API of the current software didn't allow us to get it fully working. I believe that with the current IPO we are able to raise enough funds to aquire the software package we wish to buy and get the technical side of our 'player panel' built.

When looking at the bigger pokersites it is true that they have a way bigger promotion budget but the founding and growth of bitcoin itself has shown that it just needs a community to make a project prosper. Competitor sites try to buy their customer with promotions, we will try to make our customers buy us and become the promotors themselves. Besides that, bitcoin poker is still in its infancy considering the possible markets it can take over. Bitcoin based poker should be the only logical choice of play in some countries.  Bitcoin currently represents under 0.1% of the entire market for online poker. Considering the US and China alone to make up for over a quarter of the world population and both loving the game of poker but not having a home to play on, I believe bitcoin poker can and will outgrow fiat currency games and the first site that comes with a serious software product, backed by some serious marketing will not get a piece of that pie, but nearly the whole pie. The fact that the biggest bitcoin pokersite runs on $300 maven software says enough IMO.

When turning a bitcoin poker site into a community owned project where the community decides its direction to follow while only being able to benefit from the site's growth will become an unstoppable movement, especially when breaking open key markets others can't enter.

I believe in this project. It is what I have been working on since January of this year and it is what I will keep working on, whether the IPO is a success or not. Without IPO success it will just take a lot longer to get to that point.