Reply to thread

Message

[QUOTE="Stu_Ungar, post: 1437105, member: 39779"]
I dont think you understand what a pyramid scheme is.

Online poker is not a pyramid scheme.

The difference between online poker and a PS is that if people stopped depositing then the game as a whole would stall.  In a PS if people stop investing the scheme collapses because a PS hinges on diluting a commodity multiple times whilst maintaining its original price.

SO when a PS collapses people essentially become aware that the commodity they hold is not worth as much as they believed and hence they lose out.

If online poker stalled, your money is still worth what it was worth before so its not collapsing like a PS.

So if games got hard to find.. withdraw, you cant do that when a PS collapses because you $100 isnt worth $100 thats why the PS is collapsing.

The only way a pokersite could become a PS, (in reality a financial pump) would be if they offered finance packages to depositors and then those depositors defaulted, because then there would be more money on the site than the site could pay back out.  As far as I know, this isnt the case.
[/QUOTE]

Verification

Search

Reply to thread

About CardsChat

Our Community

Our Site

Follow us