General thoughts on SealsWithClubs and Bitcoins.

[sickread23]

I was staked in a 50 chip mtt on SWC. 1 bitcoin = 1000 SWC coins. 1 bitcoin is selling @ over $100 atm, and rumored to be on the verge of going way higher. Playing in a 50 chip mtt equates to a $5+ mtt. I played in the HH.... the HH is a mtt that runs every :30 and has a 500 guarantee. The mtt has a very turbo structure and kinda sucks. I placed second, and after stakers cut I received 70 chips. I played another HH and place first for 250 chips. I figured I might as well go big or go home, so I played the 7am 7,000 guaranteed. I won the 7am for 2100 chips. The 7am has a slightly better structure, but it still isn't great. The players aren't very good, but the player pool is so shallow that with even a fews good players hurts the ROI. I had a few players talking about hands and other stuff, and that really annoyed me. I also saw several instances of almost open collusion. So many players swap shares and soft-play their "TeamMates" I also think that the site isn't very secure, and is susceptible to attack. I ran a free stake up into over 3 bitcoins which is super cool, but I don't know if I would personally purchase multiple bitcoins to play on the site. The BI's are generally pretty high, which leads to fairly bad players playing in them; having said that the tournaments don't get many runners.
I think bitcoins are very appealing, but I couldn't have sold them quickly enough after I made them. I am very skeptical when it comes to their long term viability. Bitcoins have doubled in price over the last 2 weeks, and I fear that some wanna be investors are going to lose the asses. I would advise that you not get caught up in the hype. If you do purchase, I would say do so cautiously.

[PokeYourFace]

SWC also uses the shytty shytty shytty POKER MAVERNS client, same as PO client..... RIGGGGGEEEEDDDDD!!!!!

put bitcoins on a "real" poker site with a real verifiable RNG, then i get interested in bit coins

[sickread23]

SWC also uses the shytty shytty shytty POKER MAVERNS client, same as PO client..... RIGGGGGEEEEDDDDD!!!!!

put bitcoins on a "real" poker site with a real verifiable RNG, then i get interested in bit coins

The whole site is kinda shady if you ask me. The top "Pro" for the site is a player named Micon. If you Google Micon, you won't find a whole lot of people with positive things to say about him. I also think the unverifiable RNG raises some serious questions as well. If well known and highly successful sites like FullTilt and UB/AB had serious scandals; don't think for a second tiny/unproven sites like SWC will necessarily be on the up and up.

[rghy2]

Shady or not, I decided to go ahead and start playing in the SWC FRs yesterday. I took 3rd on one for 10 chips. I like that they make it very simple to signup and start with nothing, because there was no way I was going to buy a bitcoin to play on it. Honestly, this will be my first experience with bitcoins, so I will figure out the rest of it if I build up anything on SWC.

[SendCookies]

just to ease out the hype from the crazies

The Future of Bitcoin : The New Yorker

Pretty informative

and you can unload bitcoins easy as pie now. It's a sellers market for the moment.

[SendCookies]

Um also the Price of BTC is off the charts.

$156 per 1BTC as of this post.

[LIB_CON]

I'm using it to help start a bitcoin portfolio, along with a few other sites that pay meager bitcoins....I am cautious about it all and will not buy any at this point....but if I can earn some for free, why not work on it...who knows how this project will end?

[pikeboy412]

what is a bitcoin compared to the coins you win when you play those shady ass hour top three things on swc

[LCDaBoss]

1,000 SWC chips = 1 BTC

[pikeboy412]

i dont got time for that shit lol

fuck ur bitcoins haha