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Author Topic: Pangea Poker - asset 6883271355794806507  (Read 92121 times)

carambola

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Re: Pangea Poker - asset 6883271355794806507
« Reply #200 on: February 26, 2015, 05:08:50 am »

What are you currently working on valarmg?
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valarmg

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Re: Pangea Poker - asset 6883271355794806507
« Reply #201 on: February 26, 2015, 09:22:48 am »

What are you currently working on valarmg?

We are working on building a standalone test client using playmoney for betting. This will allow us to make sure that everything is working smoothly from a players point of view at an early stage of development. Hope to get that standalone client released before end of March.
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valarmg

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Re: Pangea Poker - asset 6883271355794806507
« Reply #202 on: February 26, 2015, 03:38:58 pm »

Good post about the rise of bots in online poker, and the sites unwillingness to discuss them.

http://forumserver.twoplustwo.com/29/news-views-gossip/botting-microgaming-refund-incoming-1514010/
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Caracalla

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Re: Pangea Poker - asset 6883271355794806507
« Reply #203 on: February 28, 2015, 12:15:15 pm »

I am looking forward to joining the revolution and testing the client playmoney but it seems actually impossible to create an account, isn't it?
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valarmg

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Re: Pangea Poker - asset 6883271355794806507
« Reply #204 on: February 28, 2015, 12:58:14 pm »

I am looking forward to joining the revolution and testing the client playmoney but it seems actually impossible to create an account, isn't it?

Create an account where? We haven't released any software yet.
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Caracalla

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Re: Pangea Poker - asset 6883271355794806507
« Reply #205 on: February 28, 2015, 01:04:27 pm »

Was talking about pangeapoker.net, but apparently it's impossible for the moment. Couldn't wait more :)
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valarmg

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Re: Pangea Poker - asset 6883271355794806507
« Reply #206 on: February 28, 2015, 01:15:32 pm »

Was talking about pangeapoker.net, but apparently it's impossible for the moment. Couldn't wait more :)

That's just an image and a few links at the moment. We haven't built a proper website, and certainly haven't linked it to any poker software yet. Patience, grasshopper :-) .
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carambola

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Re: Pangea Poker - asset 6883271355794806507
« Reply #207 on: February 28, 2015, 05:29:05 pm »

Pangea withdrawals were just enabled on Bter, go get your shares out of there folks.
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5000Bitcoins

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Re: Pangea Poker - asset 6883271355794806507
« Reply #208 on: March 02, 2015, 06:37:21 pm »

Logo update
Quick update regarding the official Pangea Poker logo, which has now been finalized, work done by Eth:



And also in different size if you'd like to use for forums:



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carambola

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Re: Pangea Poker - asset 6883271355794806507
« Reply #209 on: March 10, 2015, 08:22:32 am »

No posts for 8 days. Who here is following this thread?

I'm excited to try out the test-phase with non-value chips and offer feedback. Hoping it's ready by April.
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valarmg

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Re: Pangea Poker - asset 6883271355794806507
« Reply #210 on: March 10, 2015, 11:02:21 am »

No posts for 8 days. Who here is following this thread?

I'm excited to try out the test-phase with non-value chips and offer feedback. Hoping it's ready by April.

Development is ongoing in the background. Not much to report right now. Public activity should increase after the initial release, and at that point enthusiastic testers will become invaluable.
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5000Bitcoins

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Re: Pangea Poker - asset 6883271355794806507
« Reply #211 on: March 11, 2015, 06:11:43 pm »

No posts for 8 days. Who here is following this thread?

I'm excited to try out the test-phase with non-value chips and offer feedback. Hoping it's ready by April.

Indeed it's a bit quiet, but as Valarmg says, coding behind the scenes isn't all that thrilling to show. We've not really released any updates since 22th of January so I expect people will start to look back in the thread when we're scheduled to release the test version and try it out. And then we can put the word out, more things to talk about when there's a client out.

I am also extremely excited over test-phase coming up. We've worked on this project since November and since I am no coder, the test version will make all the work become real from 0 to 100 and I think for most people it is the same. To say I am excited would be a gross understatement.

Anyway to give some sort of update regarding the code, we are now integrating code with the GUI, late March or early April all depends on how smooth that will go. Then there are other preparations such as getting familiar with journalists and social media presence, aswell as preparing a webpage to give a few examples. But all these things barely deserve a quick mentioning in pass by until we've released something substantial to put our money where our mouths are.
« Last Edit: March 11, 2015, 06:16:52 pm by 5000Bitcoins »
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DesertWind

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Re: Pangea Poker - asset 6883271355794806507
« Reply #212 on: March 13, 2015, 01:21:04 am »

What happened to SealswithClubs explained:

http://forumserver.twoplustwo.com/showpost.php?p=46176395&postcount=77 (text summary in post below)

Doesn't look to be a good idea to be a public face of a bitcoin poker site and live in the States.

Edit: article about the above video (http://calvinayre.com/2015/02/22/business/sealswithclubs-bryan-micon-raided-by-nevada-regulators/)

I finally found some traffic stats for SWC from Poker Scout circa spring 2014...
So they were averaging 100-150 players at any given time mostly playing micro stakes.

This sounds low, but with 2.5% rake that is roughly $1.00/player/hour...
So that is $1.00 * 125 * 24 * 365 = $1,000,000/year.

That should be Pangea's initial goal...
But you could surpass that BY FAR by attracting more players and bigger money players.

SWC was a pretty crappy sight... and PokerStars is your real competition.



Also, here's 36 reviews for SWC:

http://www.pokerscout.com/AllReviews.aspx?id=1773&pg=1

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carambola

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Re: Pangea Poker - asset 6883271355794806507
« Reply #213 on: March 13, 2015, 03:43:31 am »

Excellent post DesertWind. I've been doing my own back-of-the-napkin calculations when considering this investment, what price I plan to enter at and how much I will invest. Initially it would seem that the current $450,000 market cap is so high simply because not all of the shares have been released, but it is not an unreasonable figure. The reason it could be considered overvalued is because no actual client has been revealed and the crypto world is so rich with failures. The people behind this project seem very attentive and trustworthy so far though, I think it will be a matter of how much they can push the envelope with their coding abilities and creativity.

Pokerstars will not be their primary competitor unless they truly produce slick and groundbreaking software with low rake and get real global attention. Even if they manage that, for the first 1-2 years their primary competitors will be: swcpoker.eu, betcoin.ag, nitrogensports.eu and pokershibes.eu. Most poker players around the world do not even know about cryptocurrency poker, so the players on these sites are a relatively select group. We will initially be competing with those sites for that small group of ~1,000-5,000 total players.

It is indeed interesting how micro-stakes play an unusually dominant role in cryptopoker. $200 buy-in cash games are the ubiquitous 'low-stakes' option in casinos and poker rooms around the world, however even on betcoin and swcpoker at peak hours any table above ~$50-$100 will just have solitary sharks sitting at HU tables waiting for victims. If this site is able to attract even 50 or so regulars to play $200 ring games then the revenue will be substantial, however I predict that it will be stuck with micro-stakes for at least several months.

Question: As explained on page 10, 15% of the shares have been released. If I invest in superNET or NXTventures will I be able to receive future shares of Pangea when they are released? Or will the remaining shares be released in a different manner? (such as being sold directly to the devs as valarmg implied)
« Last Edit: March 13, 2015, 03:47:03 am by carambola »
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valarmg

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Re: Pangea Poker - asset 6883271355794806507
« Reply #214 on: March 13, 2015, 09:25:26 am »


Question: As explained on page 10, 15% of the shares have been released. If I invest in superNET or NXTventures will I be able to receive future shares of Pangea when they are released? Or will the remaining shares be released in a different manner? (such as being sold directly to the devs as valarmg implied)

I guess it was badly explained. All shares have been released. The 500K-ish market cap is relating to 100% of the shares. 15% were distributed to assetholders of NxtVenture and superNET. There are no plans to distribute any more shares in this way. 5% of shares are part of jl777hodl.

40% of shares are inside superNET. Although some of those will be spent on development, the majority will be held by superNET, and thus Pangea dividends will feed to superNET holders via those shares.

20% is held by me, and 20% is held by 5000bitcoins. Some of these will be given to other developers as the project goes forward, others will need to be sold to pay for marketing and various other development costs. We have sold very few so far so most of the shares sold on the market have come from the 15% of superNET/NxtVenture assetholders.

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DesertWind

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Re: Pangea Poker - asset 6883271355794806507
« Reply #215 on: March 13, 2015, 02:58:15 pm »

Pokerstars will not be their primary competitor unless they truly produce slick and groundbreaking software with low rake and get real global attention. Even if they manage that, for the first 1-2 years their primary competitors will be: swcpoker.eu, betcoin.ag, nitrogensports.eu and pokershibes.eu. Most poker players around the world do not even know about cryptocurrency poker, so the players on these sites are a relatively select group. We will initially be competing with those sites for that small group of ~1,000-5,000 total players.

Nice post, I love to see real numbers tossed around. Even if they are approximate.

Bryan Micon was a fringe poker pro with a dodgy past and limited technical skills...
Who went out-of-business idiotically running an illegal poker site out of a Nevada location...
When recently all his computers were seized in a raid and Bryan decided to become a fugitive in Antigua with his family...
Until he is likely charged with serious crimes after forensic analysis of his PCs is complete in a few months.

I used to live in Nevada. You do not ever f*ck with Nevada Law Enforcement. OJ Simpson tried that one.

In contrast, jl777 is a genius level software developer (guys like this are comparable to world class athletes)...
And, as a tribute to his financial expertise, controls roughly 50% of the assets on NXT AE...
So I could see something significantly better than SWC resulting from this project...
And Pangea would be very difficult to shut down if implemented as a NXT plug-in.

Yes, first you go for #1 in the BTC Poker space which might give you 100-200 micro stakes players...
But then you have to aggressively blur the line between the Crypto Ghetto and mainstream poker sites.

Even at $1,000,000/year in revenue in 6-12 months... I could see it trading for 20 times revenue...
Valuations are crazy for prime high tech startups in a bubbly financial environment.

I would suggest signing an interesting, squeaky clean, name EU poker pro to be the face of Pangea...
And starting an active Pangea thread on 2+2 *** as soon as the software is debugged and real money ***...
Do not bore the 2+2 crowd with a beta play money site... first impressions are very important.
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carambola

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Re: Pangea Poker - asset 6883271355794806507
« Reply #216 on: March 13, 2015, 04:03:06 pm »

I wasn't aware of the skills of jl777, the impression I got from the videos released so far was that it was a pretty basic interface. If what you say is true my expectations have been improved significantly  :)
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DesertWind

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Re: Pangea Poker - asset 6883271355794806507
« Reply #217 on: March 13, 2015, 05:37:09 pm »

I wasn't aware of the skills of jl777, the impression I got from the videos released so far was that it was a pretty basic interface. If what you say is true my expectations have been improved significantly  :)

The complexity of p2p poker is all at the back-end... a GUI interface is relatively trivial.
And "Bitcoin poker" is not p2p poker... it's just tiny, centralized sites that accept BTC...
(And I see that nitrogensports has only 20 players and betcoin about 50... versus 100-200,000 players online).

There's a reason that it's 2015 and successful p2p poker does not exist...
Things like decentralized RNG, attacks, collusion, simulating a "PokerStars experience" with p2p latency...
A lot of these problems have never been effectively solved... I wanna see James & company take a crack at them  :)

There's some heavy hitters in this thread and they all zero in on one thing:

https://bitcointalk.org/index.php?topic=118035.0

That's why it's critical to build a framework that moves players around at will...
Only hands matter, every hand is "atomic" (tables are basically irrelevant)... and a hand has to be played off the blockchain for speed...
Allowing you to have ring games, rush/zoom poker, and tourneys... it's all the same because hands are the building block.

It would be nice to see a roadmap.
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carambola

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Re: Pangea Poker - asset 6883271355794806507
« Reply #218 on: March 13, 2015, 11:33:38 pm »

This is getting me really excited. I'm going to buy some superNET soon.

I'll also be streaming poker at twitch.tv/natmccoy for the next several hours if anyone wants to check it out. I post that link not to spam but because I'm excited to support Pangea with it and I can use all the support I can get (even if it's just a 'follow'). I don't get as many viewers with the format I've been using, max of 20 with music/no-webcam and up to 50 with cam. I've gotten 48 people to use my pokershibes referral that way and got a few U.S. players into betcoin and sealswithclubs. I think it could get some attention to Pangea once the site is up and I have more followers. Plus with webcam it's easier to tell people about how to sign up, get chips etc. Twitch is a good way to get attention to a poker site, hopefully other folks will stream Pangea as well.
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5000Bitcoins

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Re: Pangea Poker - asset 6883271355794806507
« Reply #219 on: March 14, 2015, 01:09:18 am »


It would be nice to see a roadmap.

Hi! A few interesting posts in here. Regarding roadmap I mentioned earlier in thread we'll release it in due time, Again I realize that is saying stuff without really saying anything, but some things are better being tight-lipped about until it is not.

Pokerstars will not be their primary competitor unless they truly produce slick and groundbreaking software with low rake and get real global attention. Even if they manage that, for the first 1-2 years their primary competitors will be: swcpoker.eu, betcoin.ag, nitrogensports.eu and pokershibes.eu. Most poker players around the world do not even know about cryptocurrency poker, so the players on these sites are a relatively select group. We will initially be competing with those sites for that small group of ~1,000-5,000 total players.

Yes, first you go for #1 in the BTC Poker space which might give you 100-200 micro stakes players...
But then you have to aggressively blur the line between the Crypto Ghetto and mainstream poker sites.

I would suggest signing an interesting, squeaky clean, name EU poker pro to be the face of Pangea...
And starting an active Pangea thread on 2+2 *** as soon as the software is debugged and real money ***...
Do not bore the 2+2 crowd with a beta play money site... first impressions are very important.

Yes, we will strive for the crypto userbase first of all, since we are a crypto business but aren't looking for that to necessarily define us, but inevitably it probably will. Priority number one is building a good place to play Poker, if succesful maybe a few who play with fiat will go through the hurdle of buying BTC for their first time, until BTC will get easier to use for everyone, so that the tech/services behind it that is good can be put to widespread use. My point is that it would be ideal if it were made as convinient for new users to use BTC as it is using USD/EUR/RUB to them. We're watching closely for all solutions that can be made for this to simplify the process until the developers in this space make a breakthrough in this. And yes, Pokerstars has been around for 14 years so taking on them or already making comparisons to them isnt on top of the list, rather study their succesful concepts and their failed ones and take it to heart. We don't have the same kind of money they do, so our marketing will have to be somewhat unorthodox combined with a lot of man hours, and expanding Pangea will most likely happend gradually, and fiatplayers will not happend over night, this is something we know and come prepared with two feet on the ground.

As for looking for someone to be the face of Pangea, first of all I have looked for known and reputable poker players who also are somewhat in crypto.
I might need to change approach as they are not exactly growing on trees I've come to know, I found the perfect candidate but unfortunely he seems to have left the scene, in other words I have not been able to contact him. If you have any suggestions feel free to throw me a bone in PM, I am still looking.

Indeed there is no need for other forums until we've fully launched, there is not that much info released yet to discuss anyway.


This is getting me really excited. I'm going to buy some superNET soon.

I'll also be streaming poker at twitch.tv/natmccoy for the next several hours if anyone wants to check it out. I post that link not to spam but because I'm excited to support Pangea with it and I can use all the support I can get (even if it's just a 'follow'). I don't get as many viewers with the format I've been using, max of 20 with music/no-webcam and up to 50 with cam. I've gotten 48 people to use my pokershibes referral that way and got a few U.S. players into betcoin and sealswithclubs. I think it could get some attention to Pangea once the site is up and I have more followers. Plus with webcam it's easier to tell people about how to sign up, get chips etc. Twitch is a good way to get attention to a poker site, hopefully other folks will stream Pangea as well.

That is cool and it will be much appreciated! Indeed using video to explain things is a good approach, for example reading about BTC for the first couple times is a thorough research that doesnt leave much room left in the brain and usually raises more questions than answers. Hopefully with the use of f.ex videos of fiat to btc > play cards at pangea can be made simple so people need not know about the underlying technology

« Last Edit: March 14, 2015, 01:34:42 am by 5000Bitcoins »
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