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#1
11-12-2005, 01:26 PM
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Re: Corporate Greed Changing Face of Online Poker Forever
[ QUOTE ]
You suggest removing the capitalism from business. That is childish in it's simplicity and also impossible. [/ QUOTE ] If you would comprehend others comments, maybe you would understand their argument a little better before you comment. I said I hoped the bigger sites would go the route of continuing to grow their player base, creating larger volume so rake increases were not needed. Instead, they want to increase player base AND increase rakes at the same time. To me, this is not the way to go. If less players make a profit, then the sites will have less players. If they increase rake and it pushes marginal people out of the site, the site loses in the end. I state that raising rakes will backfire on these sites as their player base erodes as people leave when they become net losers instead of net winners. By seeking immediate returns on a quarterly basis to impress Wall St for short term positive affirmation, the sites are eroding the building blocks in regards to a stable player base into the future. If players one day realize the only ones making money from online poker is online poker sites, then online poker will die a fast death. So limits on rake are indeed needed at some point. Even you have to admit that. Unless this whole thing is to become nothing but a goldrush that shrivels up and fades away in 7 years. 
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#2
11-12-2005, 03:25 PM
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Re: Corporate Greed Changing Face of Online Poker Forever
"By seeking immediate returns on a quarterly basis to impress Wall St for short term positive affirmation, the sites are eroding the building blocks in regards to a stable player base into the future."
Sounds like you've isolated a niche. Raise some capital and compete. Yor're a poker player, right? What do you figure the odds are that your business model is better than the one Party is using, Party being a (multi?) $Billion business? Sorry about the previous post but you sounded like a whiney lefty, my least favorite life form.
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#3
11-13-2005, 04:37 PM
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Re: Corporate Greed Changing Face of Online Poker Forever
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What do you suppose would be good for you as a player, thinking industry wide? [/ QUOTE ] Hopefully respectable countries (like the US, GB etc..) not only legalizing online poker but forbidding all the banana republic sites, which would liberate us from all the scums that drive those sites and would not allow them anymore to do whatever dirty trick they wish without fearing punishment. And Yes, TP CEO, you are indeed a funny guy. You have nerve as well with the rake your site takes...
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#4
11-11-2005, 07:39 PM
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Re: Corporate Greed Changing Face of Online Poker Forever
We try only to impress players ... We are not beholden to the fads of the public capital markets and hitting daily or monthly net income figures.
We make money, yes. We would like to make more, through provision of online poker services. That is our underlying business, not marketing or selling shares to public investors. Truepoker CEO
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#5
11-11-2005, 08:46 PM
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Re: Corporate Greed Changing Face of Online Poker Forever
[ QUOTE ]
We try only to impress players ... We are not beholden to the fads of the public capital markets and hitting daily or monthly net income figures. We make money, yes. We would like to make more, through provision of online poker services. That is our underlying business, not marketing or selling shares to public investors. Truepoker CEO [/ QUOTE ] your really impressed us with the rake increase [img]/images/graemlins/smirk.gif[/img]
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#6
11-12-2005, 06:52 AM
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Re: Corporate Greed Changing Face of Online Poker Forever
[ QUOTE ]
[ QUOTE ] We try only to impress players ... We are not beholden to the fads of the public capital markets and hitting daily or monthly net income figures. We make money, yes. We would like to make more, through provision of online poker services. That is our underlying business, not marketing or selling shares to public investors. Truepoker CEO [/ QUOTE ] your really impressed us with the rake increase [img]/images/graemlins/smirk.gif[/img] [/ QUOTE ] Adding decimals to the system for small blinds and what not was always claimed as too much work for the programmers. However, at the opportunity to increase rake they found a way. rJ
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#7
11-13-2005, 06:20 PM
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Re: Corporate Greed Changing Face of Online Poker Forever
[ QUOTE ]
Adding decimals to the system for small blinds and what not was always claimed as too much work for the programmers. rJ [/ QUOTE ] About 10 minutes of work for the programmer.
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#8
11-13-2005, 06:52 PM
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Re: Corporate Greed Changing Face of Online Poker Forever
[ QUOTE ]
[ QUOTE ] Adding decimals to the system for small blinds and what not was always claimed as too much work for the programmers. rJ [/ QUOTE ] About 10 minutes of work for the programmer. [/ QUOTE ] Do you know anything about programming large scale applications that manipulate money 24 hours a day 365 days a year?
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#10
11-11-2005, 09:33 PM
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Re: Corporate Greed Changing Face of Online Poker Forever
[ QUOTE ]
We try only to impress players ... We are not beholden to the fads of the public capital markets and hitting daily or monthly net income figures. We make money, yes. We would like to make more, through provision of online poker services. That is our underlying business, not marketing or selling shares to public investors. Truepoker CEO [/ QUOTE ] Mr. Truepoker CEO, Thanks for posting on this forum. You are a humorous guy and it is nice to listen to your thoughts. That being said your rake structure is one of the worst out there (for the player).
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