Thought experiment: Canadian Poker Forum coin
Forum (Roman) - Wikipedia, the free encyclopedia
A forum (Latin forum "public place outdoors",[1] plural fora; Englash plural either fora or forums) was a public square in a Roman municipium, or any civitas, reserved primarily for the vending of goods; i.e., a marketplace, along with the buildings used for shops and the stoas used for open stalls. Many forums were constructed at remote locations along a road by the magistrate responsible for the road, in which case the forum was the only settlement at the site and had its own name, such as Forum Popili or Forum Livi.[2]
A forum (Latin forum "public place outdoors",[1] plural fora; Englash plural either fora or forums) was a public square in a Roman municipium, or any civitas, reserved primarily for the vending of goods; i.e., a marketplace, along with the buildings used for shops and the stoas used for open stalls. Many forums were constructed at remote locations along a road by the magistrate responsible for the road, in which case the forum was the only settlement at the site and had its own name, such as Forum Popili or Forum Livi.[2]
I "think" this will work, in the sense that its already a "thing" on other site/forums, and it seems to me forums can/will implement it in the near future. However I can jump to conclusions sometimes, and over time have learned the value of feed-back coming from different perspectives. I'm not trying to do enact this in this op, but rather just learn about it through others input at this point.
The idea is simple in implementation, but the effects are both seemingly complex and partially unknown to some extent. Because of the solution that created "bitcoin", we now have some interesting technologies that are getting more and more user friendly by the day.
"Counterparty" is a website in which you can "create" your own coin, with its own parameters, and distribute it however you choose. People who want a "wallet" in order to participate simply have to enter a password and click generate.
PFC coin, for example could be created by the community (making a coin is much like formatting a forum post, quite simple), and after a few decisions about distribution etc. It could have its own money system. Using a coin like this is very simple, just like sending an email to an email address with less options and no letter to type.
The usefulness of this is both the difficult part and the interesting part to understand. We might not think a coin of this kind would be worth anything, or have any "intrinsic" value, but that might not be true. By creating a finite amount of coins, the community can support and honor the coins in different ways and their usefulness as a means of a facilitator of exchange might generate a certain amount of worth.
But its just a thought I had, and its new to me, so I'm hoping to hear some questions/debate about the usefulness of the addition of such a coin to a community. I think because of our past experiences with capitalism we tend to not favor these kinds of "monetary" changes, however it might become that "granularity" needed to bring greater cohesion to the "players" of the forum "game".
If different peoples and groups "honor" a certain value of the coin (while possibly creating certain incentives in their favor much like a coupon to a business), there might be many use for it. We can think of it like a new "like" button, but perhaps the next level of it-a lot more pliable and a lot more useful.
Some other possible future uses:
Facilitating ongoing voting processes.
Used by small poker/forum related business as incentive for customer loyalty
Mods can be paid by formers for their volunteer time.
Arbitration
Baps, placeholding etc (like a ticket or proof of purchase)
Forum poker games can be play money and prizes can be paid in the forum coin, or normal prizepool but forum coin added.
Is that too far ahead or does it seem interesting?
(Here's a more in depth explanation with links to an example of a forum that implemented this Poker Forum Coin | thewealthofchips)
Comments
i have to say though that i'm a little shocked that you'd be behind this idea (considering some of the posts you have made in the past). i'd imagine that you'd be against the concept of money and creating a monetary system on principle.
Kind of like changing water to oil to wine based on needs. Or in terms of a divisible forum coin, perhaps like cement mix and forms to build with rather than just giant preformed uniform blocks.
It might be that with our preconceived notions of what "currency" is and what it is for, doesn't allow us to fully concineve the usefulness of different forms of it.
For those that are wondering what "bitcoin" is, this might be an easy and cheap (free) way of learning about and using the technology.
I vote yes... Like this is gonna happen...
sorry to derail...
Truly though, it seems like the community would choose to "pay" the mods extra, either in the initial distribution, or future disbursements. It is of course, still up to the community to create a value for the coin.
On LTBtalk forum/newsite, the advertising space is auctioned using "ltbcoin" which gives the coin another type of "inherit" value as well as a great tracking system.
It might seem to big of an idea ATM but these systems are being set up that are quite simple and totally automated.
Comp and I are honourable men and can't be bought.
FU wildbill
That being said, I am prepared to offer twelve hundred Bill Fillmaff Bucks for only $50.
EMT, cash, or chips is fine.
and I will offer you 3.7 pktfce9 coins if you will put that gif back up. classic foreshadowing 0
I will have to consider this...
It could be like being in on Iphone 78 or something.
Or BB11....
Oh wait they won't survive that long..
In the future this might not be so funny. Its actually a logical step for us to have our own coins. They might not carry such a monetary value but might have different functions in relation to our own en-devours. This singer songwriter for example has her own coin "Tatianacoin" Tatiana Coin She gives it to her fanbase and supporter for various reasons and it helps both develop a target fan base and track her business in different ways. Also early supporters of her that believe she might be the next big thing might have a great investment opportunity in someone they know and understand.
What you point to is true, and there might be new kinds of scams involved because of it I suppose. Its also possible it could help fight these kinds of annoying "crimes" as well. If there was a PFCcoin for example, the forum might set a standard of number of coins a person needs to "deposit" to sign up. Then the cost of burning and creating accounts is at least some non-zero amount that creates a disincentive to do so. The coins then in some small way become like a membership token that can be divided and passed out. Depending on how they are distributed and what they are used for they might be difficult for "trolls" to get a hold of.
If this were implemented and favored this might be one of the things the brings "value" to the coin.
This touches on what trigs was pointing, something seemingly I would be against, maybe sort of like the to the "rich get richer" side. But somehow I think thats not what would result.
Probably we don't quite have that "technology" but its interesting to me to think of, and alot more possible within a smaller community (in less it was automated which it probably will be in the near future).
Just like the BAP with negative mark-up, my Spidey senses are tingling. :-\ It claims to have 46,672 Facebook likes and 12,000 Twitter followers, almost all of which could be fake.
I seem to recall this as well, wasn't it tied to poker, somehow . . . playing through the site or something like that?
Wasn't there 'casino cash' on here? Guys playing blackjack, etc. in the arcade? I'm pretty sure that was before my time on here, but I remember guys talking about it.
The "followers" are fake, they are having troubles with spammers and trolls, but the project is legit and one of the 2 + 2ers that has been following the decentralized poker movement is working on it.
It's too new and not disclosed to really look at it but it seems they have all the technical stuff in order (on paper that is).
I suspect there will be many of these project coming to light over the next couple months. This one is set to start launching next month I believe they said, and bitfrog gaming at the end of this year.
As that happens the ability to open and run a crytpo backed site will be a matter of cut and paste (ok its prob still way harder), but there will be many sitescompeting with each other in this regard. Its very interesting as we will see a survival of the fittest where some will skyrocket and some will bomb, all putting pressure on the industry to bring a better product to the customers within it.
This project is already targeting india and asia which are seemingly completely untapped. It's obviously super volatile to be investing in these projects but we can see the interesting concept of getting in early, as playing on these sites and or "investing" in their "coin" not only has the benefits of using it, but also might prove beneficial as a speculative investment.
All in all here is the thing: Over a year ago I re wrote Nash's paper "idea money" with pokersites instead of banks and chips instead of money, an this is the scenario it exactly spelled out. This is how I know who created "bitcoin" Ideal Poker
On the bitcoin forum https://bitcointalk.org/index.php?topic=783682.0 this is prob the best place for the technical minded to debate and rip the "holes" apart.
Jen Harman is def on board https://twitter.com/REALJenHarman
Ted Forest to Todd Brunson
We are moving on to a 2nd level of technological growth while the public hasn't barely heard of and is seemingly no where near adopting the first.
What will happen with bitcoin, and other crypto technology when the entire poker industry shifts to it?
All in all, what we are going to witness in the poker industry is a DRAMATIC shift in effective rake, while simultaneously breath great life in the game of poker through the influx of the rest of the world (specifically asia/india etc.).
I have to feel like the previous stars Isia et al MUST have seen this coming, and are probably involved in one of these "start ups", and I also must feel that pokerstars is headed for a very difficult time as the general population on 2 + 2 is disgusted by their interaction with the player pool, and most of the rest of the players in the world are pretty wise to the fact that the game is "rigged". Sure its provably fair, but when the effective rake is too high, you experience bad beats too often.
I have some other interesting stuff on the subject, its a little to detailed and dense at this point, but this all is growing so fast its pretty much losing its "taboo" feature and becoming important mainstream discussion. We all wanna be on the early train right?
Here's an example of the change from the technolgoy: http://www.coindesk.com/university-nicosia-issues-block-chain-verified-certificates/
tapatalk puts this here to annoy YOU
It seems the man himself started the revolution.
...of course perhaps you mean mr. Ferguson....we can remember that full tilt was taking the industry by storm, shortly before the US/doj/fbi labeled them a ponzi scheme (which its well known it wasn't) seized their assets (along with the players money), and handed it to Poker stars on a silver platter.
player owned sites > government formed monoply
tapatalk puts this here to annoy YOU
Stanley: No. In fact, I'll give you a billion Stanley nickels if you never talk to me again.
Dwight: What's the ratio of Stanley nickels to Schrute bucks?
Stanley: The same as the ratio of unicorns to leprechauns.
This cannot help their cause, can it?
some 2+2 posters are already calling it Full Tilt 2.0 and yelling scam already.
tapatalk puts this here to annoy YOU
i don't know if they have stakes in the company or not.