Quote from: BitcoinFlush on October 18, 2013, 04:39:22 AM

Quote from: Bitsandbits on October 18, 2013, 01:37:43 AM

Quote from: BitcoinFlush on October 17, 2013, 05:02:34 PM

Quote from: Bitsandbits on October 17, 2013, 02:48:19 PM

Please post your deposit address validating your rake per day claims.
Please post some graps/docs of player volume

About the costs, you are saying you paid 90k for a software that by your own words does not meet the "minimal industry standards" 5-6months later. Then you now want to buy the source of this "outdated" software for 100k, for then to pay another x amount for the new software (additions?) that will be done in December. Sounds like a great plan.

http://www.youtube.com/watch?v=vpnxd31y0Fo

You are totally misquoting me. I paid $40k for the current software which was the desktop client and the html5 client (see https://satoshipoker.org/html5).
Im not remotely interested in buying the source of the current client. Enterra rebuilt their software applications from scratch making them fully communicate and native for the mobile users. They charge $90k license fee for all their clients which are: 1 windows desktop client, 1 MacOS client, 1 native android app, 1 iphone app and 1 html5 client. We already own the licenses for our current software. The $90K is to buy licenses for the new bundle package and the $100k is the price tag to get the source code of every one of these products so we can put our own team up to devellop this.

We don't charge rake to a bitcoin address. The rake is deducted from player accounts by our backend and thus we get a surplus in our hot wallet. On weekly basis we check the total player balances and the funds in cold storage and if needed add some funds to these cold wallets. If not needed we use the funds for marketing or promotion. With the IPO we will automatically reserve 50% of all rake in one player account so we can see exactly how much has to be paid out. We will have that account withdraw to CryptoStock and pay out the dividends. I will post you some graphs and statistics tomorrow, even though you are not interested to buy. I had a 3-day session preparing for this and I am in Bangkok time zone. I'm going to get some sleep first.

Ohhh So you paid only 40k. Well this makes even less sense then, because as "thy" points out you've already taken a considerable amount of investor money, while you claim to have invested more than 100k yourself. Please elaborate on the 100k you say you've personally put into this project and where that has then gone.

And I know you don't charge/send rake to specific bitcoin addresses. All im asking is for you to show proof of deposit volume so investors can see if your 2.5 to 4 bitcoins in rake per day holds up.

To me, you obviously don't know what you are doing and you've unfortunately so far been able to basically scam a few people already, I wish I stumbled upon this back then, maybe I could have saved someone.

The fact that you say you can make your site the fifth largest poker site in the world, in 12 months, based on this IPO, is so absurd it speaks for itself. Do you realize the budgets you are competing against? Even some smaller sites are paying 200mill just to sponsor a soccer team.. And they are like 30 on that list.

It gets even worse, you are claiming this without submitting any facts, documentation, plans or anything that would indicate you are on that path. All you are saying is that you would like these investors to overpay for a software upgrade. Why? Because you are realizing this doesn't work, you are running out of funds, losing money on freerolls/promotions, forcing you to scale back and this is the only hope and time you have.. Take your bag and leave, stop lying and sell the site for 10-20k and move on.

And I want to point out something else when I've first started:

In the grindabit thread linked earlier you are accused by your own "sponsored pros" (which are just regular players for the record) of playing and winning funds versus them with an anon-alias on your own site. Not only that but you also admit they are Seals player and their sole task was to bring friends and player over from there. This is very unethical and not something a serious poker site would ever do!

And you also admit that you allow a bot to play on your site because "the bot is bad and you don't want it coming back under new alias" This is literately insane, you are basically allowing someone to tweak their bot without interference..

I'm going to keep this short considering you come to this thread and probably this forum for one reason only, looking at your post count. I would invite anybody that is interested in purchasing shares during the IPO to do their own research.

I don't see how it would be unetical to sign players a pro deal on the promise to get people over. If you run a pokersite, there is only one place you can get your customers from: the competition. If you look at the thread in Grindabit you mention it is actually the same pro's that ran with the money I staked them to come back 2 months later to accuse SP out of the blue, just based on a feeling they had. In fact, after posting the evidence on the matter, the same pro's left the thread. I'm not going to stake players to then get back the money I provided to get the cash games going.

If you post information, please post the correct one, as I have the habit of ignoring baseless accusations and misrepresentations.

First of all, your not answering any of the questions. How come? Wouldn't it be in your own best interest to submit documentation that validates your claims? Seems like an obvious thing to do for a 3 million dollar company.

Quote from: BitcoinFlush on October 18, 2013, 04:39:22 AM

There is only one place you can get your customers from: the competition

I hope everyone sees this quote for what it is. You are actually saying that the only way you can get players is to steal them from Seals. What about doing some real marketing and get new players involved in poker? On the other side, this is actually a rare glimmer of honesty, you are basically admitting that it is very hard to attract players and you have realized your only option is to attempt to steal them with unethical marketing practices.

Quote from: BitcoinFlush on October 18, 2013, 05:25:11 AM

The fact that the biggest bitcoin pokersite runs on $300 maven software says enough IMO.

Goes to show you what years of hard work, good ethics, great costumer service and honesty can result in.

Quote from: BitcoinFlush on October 18, 2013, 05:25:11 AM

I envision SP to become a community owned site in the near future

So the plan is to sell it all off in the near future? Maybe that should be mentioned in the listing. I'm literately speechless.

Bitsandbits

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