Quote from: Wardrick on August 22, 2014, 08:31:08 PM

Quote from: Micon on August 22, 2014, 07:52:11 PM

Quote from: tspacepilot on August 22, 2014, 07:46:23 PM

Whoa, coinbase is joing the USA federales in trying to oppress gambling? What's up with that?

Their site, their ToS, their rules.

While this news is sad to me, it's not something to complain about IMO. there exist many other ways to buy and sell btc for fiat, and while they were becoming popular, Coinbase or any one method of exchange restricting gambling should not rustle the feathers too badly.

While I can't help but ponder what Coinbase considers "gambling" or how easy it would be to mask what you are doing with your bitcoin, I would not try to deceive them & their ToS, as it seems that would put funds at risk.

An every-changing landscape no doubt, Bitcoin ATMs & Mycellium local feature are likely the big winner in this.

I wouldn't doubt that Coinbase just put that rule in place so they could lock people's accounts to gain more Bitcoin. It probably has more to do with making money than it has to do with actually gambling with Bitcoins.

Coinbase has always said they try to comply with regulations. When I logged on a month ago to cashout Seals chips that I had previously sent, I had to fill out some additional personal info. I don't recall exactly what but I believe it was my address. I have no idea what they wanted when I opened my account last year.

There is a federal law on the books prohibiting financial institutions from sending money to unregulated gambling sites. It says nothing about receiving money from gambling sites but banks will hassle you about that sometimes. Also the law doesn't state what it considers gambling and leaves it up to the financial institution to determine. This results in them being overly cautious as they don't know where the line is.

Quote from: Wardrick on August 22, 2014, 08:38:08 PM

Quote from: skivrmt on August 22, 2014, 06:34:03 PM

Quote from: Wardrick on August 22, 2014, 06:39:22 AM

Quote from: nioc on August 22, 2014, 05:58:14 AM

Quote from: Wardrick on August 22, 2014, 05:17:03 AM

You should make the blinds higher in tournaments. It's really hard to get a decent sized pot going the first 15-30 minutes because the blinds are like 166th of your stack.

166th? Are you sure? 1500 starting stack and blinds start at 10-20. So the blinds = 30 = 50th of your stack to start. If you are talking only bb then after 10 minutes the bb =30 so then it's a 50th of your stack. But you did say blinds so after 10 min = a 33rd of your stack. That is for normal trny and deep stack you double it and still not 166th stack.

In the higher dollar buy-ins like the 100 chip and 50 chip buy-in they start out at 166th of your stack. I feel like I'm just wasting my time the first part of the tournament because you can't bet without someone knowing you have a good hand.

Very unusual to have someone want bigger blinds vs lower blinds! I agree play a turbo. The slower the structure the more skill vs luck there is, in general.

I don't think it has anything to do with skill vs. luck I've just noticed that in the first little bit of the tournament people's stacks are still almost the same, unless you get someone who doubles there stack from someone going all in. I'd rather have the blinds start out at 1/50 of your stack, when you play a lot of the tournaments every day it sucks having to sit through the first little bit of the tournament where almost nothing happens.

You could do what the idiot Hellmuth does and show up late Grin