did a live read, put him on 2 combos, dont think iv made one this bad in a while in hindsight

http://weaktight.com/6434453

think it was you posting this hand that made me aware of Planetwin/the Hive network.  Was amazing for a while; think it was also the first site where i was 99% certain I was playing shortstacking push/fold bots against when they would sit 20bb deep on 5/10 and 10/20

Warren Buffett is at least consistent, he gave the same speech two decades ago about internet companies. The simple fact is that as he says if he doesn't understand  the business  he doesn't invest.

He is still a very very smart bloke.

Yes, exactly.  The understanding part is key.  The MSM focused on him saying that Crypto would have a bad ending, which was only a small part of his interview.  And he is right, a lot of people will have a bad ending to their Crypto journey.

He and Charlie Munger are genuine legends.

Largely the mainstream media is terrified of crypto. Mainstream media outlets are by and large owned by very rich old white men who are very happy with the status quo which has got them to where they are today. Mainstream media outlets would like to protect the way things are. They don't want a new technology to come in and disrupt and change things drastically. They produce sensationalist articles and play into people's existing confirmation biases. Also note how people who have made a lot of money out of crypto are also ridiculed in the mainstream press - as if that kind of person doesn't deserve to become successful and rich. Decentralised money and the separation of state and money are coming and ten years on from the financial sector being bailed out by world governments, they are now afraid of the speed and the growth of crpyto. Of course what they'd like more than anything is to get in on the action themselves and leverage a position where banks and big business make all the money and get all the benefits.

This is an excellent point.  I've been spending quite a lot of time learning about Crypto and it is does feel to me that there is some kind of agenda in the MSM.  The recent big Crypto stories have been that they are eating up huge amounts of energy and Mr Buffett's comments, mainly in the negative.  I think a lot of it is due to the journalists not really understanding what they are writing about, much like how when a big poker story goes mainstream.

It is a bubble; like the dot com one.  But after that burst no one stopped using the internet, and internet based companies are now valued at even more than their counterparts of the early 2000s.

Sadly I can't be really be an active investor right now, but this is still a technology that is in its infancy and I think it is a prudent measure for anyone to take the time to really try and understand what is going on.  Blockchain is not going away.

Naval is probably my favourite speaker on the technology as a whole and this is a really good and quick watch about the technology.

https://twitter.com/GoldmanSachs/status/951906924240531458

yeah micro is dying but its still a good option to have for NLHE

next week Grosvenor have a mini festival on their skin.  a couple of PLO comps on there.

the week after micro has a mini series of their own and they haven't even bothered to add a PLO comp on so cant imagine there being any daily ones.

sent $35.70 twice for me and Vinny.

10 please.  sending on stars now.

Libby is a free and legal app for your phone.

You sign up using your local library card and there are loads of free Audiobooks, as well as eBooks too.

Audible is great too - sign up for £7.99 a month which gets you 1 credit per month.  Quite often they have a 2 for 1 offers too.

Excellent work! WP and yeah save me some WCOOP/Powerfest/Micro series action please!

I'll take the last 5 Phil.

Scotty 77 will send for me.

Cheers

sent

is there any left?  if so can I have 10plz

yep just sent it over and you will be booked!

thanks Phil - just sent now.  GL

is there any left?  if so can I have 10plz

Was thinking of this when watching the community shield yesterday and saw that Chelsea now have a sponsor on the shoulder.  I watch probably 3/4 matches a week

The effectiveness of advertising is vastly overstated and doesn't factor in much to peoples purchasing decisions.  Out of the 20 headline sponsors I have only used 2, Bet365 and American Express.  Bet365 for the bonus offers and AmEx cos I get more points than using my Visa.  Wasn't at all tempted to switch to Yokohoma tyres.

[The govt take from casinos and online is actually money from all the losing gamblers. Those that win are not being taxed in any way.]

The govt take from casinos and online is actually money from all the losing gamblers. Those that win are not being taxed in any way.

It's the winners of the pot in a live cash hand that pay the rake.

Tournie entry fees are obv the same for everyone.

Isn't the main argument that if you taxed pro gamblers, then you'd have to give the average punter the opportunity to claim back their loses too, hence why the Govt go for taxing the companies instead?

British professional gamblers should pay income tax.

I agree in principal but the enforcement and paperwork associated with this would be a nightmare and would probably cost way more than it generates.  Kind of like how the state pension/free TV license isn't means tested so just given to everyone even if they are multi-millionaires.

Also the amount of professional gamblers is actually quite small, how many in total in the UK?  A few thousand?  The govt still rakes 50% of income in live casinos don't they, and 15% of online profits?  Most pro gamblers will have paid more in tax than the avg person via this route, plus the makeup demographics of them will mean that they don't use as many public services as the avg person too (male, between 20 and 40 and without kids).

The average pro gambler def lives in a bubble and they should donate to charity or volunteer tho as its a very selfish industry and perspective is required.