| Forum Index > General Forum |
Pokerstars is an online poker site. Pokerstrategy is an educational training site. They are not the same site. The TSL3 is sponsored by pokerstrategy.com. | ||
|
CheeC[h]
United States137 Posts
On April 16 2011 16:00 PJA wrote: What? Even ignoring opinions about poker, it's evident to anyone with half a brain that some professions contribute more to society than others. he wasn't saying that at all | ||
|
matzisc
Belgium12 Posts
On April 16 2011 03:50 Modafinil wrote: Your money is gone and the site will be inaccessible as soon as the DNS re-propagates. Stop trolling, the sites even mention its only for the US citizens, which kinda makes sense since the FBI works in the USA, not internationally | ||
|
iSTime
1579 Posts
Well if he's not saying that then he's saying "it doesn't matter whether or not a profession contributes to society," which would be completely pointless given that the person he quoted even stated "(not that is matters)." | ||
|
Masada714
United States89 Posts
The UIGEA act was targeted at Banks to prevent them from approving transactions to offshore gaming sites. Not to mention the only reason it passed was because it was piggybacked onto the Safe Port Act. This FBI investigation has more to do with the practices of the company and not about the legality of it for US players. The game of Poker is defined as a game of skill and not random chance, which is why it is not considered illegal. Unfortunately there is Politicians and Big Brother governement who thinks they know what is best for us and that everyone will become addicted and go broke which is why we don't see any US based sites, among other reasons I'm sure. It sucks because I really enjoy the game and the convenience of being able to play whenever I choose. Hopefully the government will wake up and Regulate it so they can get their tax money and we can go back to playing the game we love. | ||
|
UniversalSnip
9871 Posts
On April 16 2011 14:26 Hurricane wrote: Yeah I know what your saying, but you also have to look at how sudden this is and how reliable pokerstars and fulltilt have been over the past decade. There was no reason to believe that something like this would happen. Yes there was the UIGEA and it was a bit sketchy, but it has been years since it was introduced and nothing has happened so it didn't seem like the US was going to actually enforce it. Couple that with a few senators/congressmen trying to get a bill passed to make online poker legal and regulate it, which has been making slow but consistent progress over the past year or two, and it seemed more like the UIGEA was just a place holder to keep the companies in line while the US could agree on a way to legalize and regulate it. Then we wake up one day and the FBI has seized all accounts with the three top corporations in the US and all of us have no idea what the fuck just happened. EDIT: gotunks summed it up pretty concisely. I just felt the need to elaborate. I'm confident most poker players would agree as well that we felt ps/ftp was as safe or safer than most banks. sorry to say this, but if you honestly believed that an online poker site is safer than a us government insured bank because they've never failed in ten years that makes you a sucker. This is the same kind of reasoning that has people exploding all the time trying to play stocks | ||
|
Consolidate
United States829 Posts
On April 16 2011 16:09 Masada714 wrote: I've been playing poker for years and it is truly unfortunate that this has happened with the Online sites. I've been playing on PokerStars since the site first was brought up. As I'm seeing with most posts there seems to be a misconception about what is happening. I'm from the US and Online Poker is NOT illegal and never has been. The UIGEA act was targeted at Banks to prevent them from approving transactions to offshore gaming sites. Not to mention the only reason it passed was because it was piggybacked onto the Safe Port Act. This FBI investigation has more to do with the practices of the company and not about the legality of it for US players. The game of Poker is defined as a game of skill and not random chance, which is why it is not considered illegal. Unfortunately there is Politicians and Big Brother governement who thinks they know what is best for us and that everyone will become addicted and go broke which is why we don't see any US based sites, among other reasons I'm sure. It sucks because I really enjoy the game and the convenience of being able to play whenever I choose. Hopefully the government will wake up and Regulate it so they can get their tax money and we can go back to playing the game we love. The writing was on the fucking wall dude. The big charge here is money laundering which is what all of these sites had to resort to in order to disguise the payments to and from banks. | ||
|
Stratos.FEAR
Canada706 Posts
| ||
|
GoTuNk!
Chile4591 Posts
On April 16 2011 16:14 UniversalSnip wrote: sorry to say this, but if you honestly believed that an online poker site is safer than a us government insured bank because they've never failed in ten years that makes you a sucker. This is the same kind of reasoning that has people exploding all the time trying to play stocks Why? PS has a huge cash flow and all players money is supposed to be backed on 0% risk funds. They relly heavily on their image and trustworthiness to run a ridicously sucessfull business so it is on their best interest to keep it that way. Banks, on the other hand... | ||
Klogon
MURICA15980 Posts
On April 16 2011 16:20 GoTuNk! wrote: Why? PS has a huge cash flow and all players money is supposed to be backed on 0% risk funds. They relly heavily on their image and trustworthiness to run a ridicously sucessfull business so it is on their best interest to keep it that way. Banks, on the other hand... Are insured by the US Federal Government for up to $100,000... Wait, you aren't really trying to argue that poker sites are more reputable than major banks, are you? Haha. | ||
|
Fenrax
United States5018 Posts
| ||
|
GoTuNk!
Chile4591 Posts
On April 16 2011 16:28 Klogon wrote: Are insured by the US Federal Government for up to $100,000... 100m right ? 100k is pocket change to ps | ||
|
Klogon
MURICA15980 Posts
and 100m is nothing for US banks not the mention the US government. Are you kidding me? Oh, and I meant that each person's personal deposits / accounts are insured up to 100k. Edit: well it seems like 250k. My bad. http://www.fdic.gov/deposit/deposits/insured/basics.html The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. I honestly do not know why you keep arguing this. To even think that any of the poker sites' capital equals one of the major financial firms is laughable. Even combined I doubt they'll come close. | ||
|
feanor1
United States1899 Posts
On April 16 2011 16:20 GoTuNk! wrote: Why? PS has a huge cash flow and all players money is supposed to be backed on 0% risk funds. They relly heavily on their image and trustworthiness to run a ridicously sucessfull business so it is on their best interest to keep it that way. Banks, on the other hand... Because a US backed bank is insured by the US government for all of your money up to 250K. you literally cannot lose it. And banks really are operating on an entirely different scale than Pokerstars. Seriously this is a losing aurgument. Incase you were wondering JPMorgan and Chase, and Bank of America both have assets in excess of 2 TRILLION dollars at year end of 2010.http://www.ffiec.gov/nicpubweb/nicweb/top50form.aspx Im not sure if it has reverted back, but it was 100k, then during the financial crisis the US upped it to 250K to calm people down. It might of reverted at this point | ||
|
GoTuNk!
Chile4591 Posts
On April 16 2011 16:31 feanor1 wrote: Because a US backed bank is insured by the US government for all of your money up to 250K. you literally cannot lose it. To all of the above. Ok, first poster put 100k and nothing else, was just asking. 250k for each person seems pretty safe. On the other hand, it is not the same on latin america. I'd say Chilean banks are really safe but i'd keep money under my pillow if I lived in Argentina. | ||
|
-Archangel-
Croatia7457 Posts
| ||
|
MostDifferent
Norway124 Posts
I had 9.5K on there and tried to cash out most of it when the news broke yesterday - still nothing in my neteller account  this is so fucked | ||
|
MMello
279 Posts
On April 16 2011 16:07 matzisc wrote: Stop trolling, the sites even mention its only for the US citizens, which kinda makes sense since the FBI works in the USA, not internationally Sorry bud but you sir are wrong!.. I live in toronto and i get the fbi page | ||
|
MMello
279 Posts
On April 16 2011 16:30 Klogon wrote: and 100m is nothing for US banks not the mention the US government. Are you kidding me? Oh, and I meant that each person's personal deposits / accounts are insured up to 100k. Edit: well it seems like 250k. My bad. http://www.fdic.gov/deposit/deposits/insured/basics.html I honestly do not know why you keep arguing this. To even think that any of the poker sites' capital equals one of the major financial firms is laughable. Even combined I doubt they'll come close. You must not watch poker or play online poker at all.. Am i right? 250k isn't even 1st place in some online poker tounrys | ||
|
Fyrex
Canada102 Posts
I live in Canada, where online gambling is completely legal, I am being refused access to FTP, which I have money on. When I go on FTP's site, I get the legal message. When linking the site to a friend who is IN the US, he sees a working website? Also when trying to link him to the image itself, it does not load for him. Can someone please fucking explain this shit? Why does this affect me? Edit: When trying to access the site through a proxy server it works fine? What the hell. | ||
|
GoTuNk!
Chile4591 Posts
| ||
| ||
StarCraft 2 StarCraft: Brood War Britney Dota 2  49572Sea  13270Calm  9010Horang2 1592Mini 970EffOrt 833BeSt 692firebathero 399Soulkey 277Zeus 143[ Show more ] Counter-Strike Heroes of the Storm Other Games singsing2351 B2W.Neo1287 DeMusliM494 Happy307 Hui .267 mouzStarbuck181 monkeys_forever121 Beastyqt109 KnowMe101 Mew2King100 Livibee59 |
|
uThermal 2v2 Circuit
BSL
Artosis vs TerrOr
spx vs StRyKeR
Replay Cast
Sparkling Tuna Cup
RSL Revival
Cure vs Zoun
Clem vs Lambo
WardiTV Invitational
ByuN vs Rogue
Solar vs Ryung
Zoun vs Percival
Cure vs SHIN
BSL
Dewalt vs DragOn
Aether vs Jimin
GSL
Afreeca Starleague
Soma vs Leta
Wardi Open
[ Show More ] |
|
|
EPT
