Some say the crypto industry has been “over-financialized.” Regulated
errorism and child pornography: the so-called “Four Horsemen of the Info-pocalypse.” Original ideas that predated retail speculation, such as “financial sovereignty” and “decentralized society,” are secondary concerns to many recent participants in the cryptosphere. Hironao Kunimitsu, the founder and CEO of social gaming firm Gumi, points out that this focus on regulation is to be expected, given that many blockchain startups pose a direct threat to powerful incumbents in a wide variety of in...
Some say the crypto industry has been “over-financialized.” Regulated
errorism and child pornography: the so-called “Four Horsemen of the Info-pocalypse.” Original ideas that predated retail speculation, such as “financial sovereignty” and “decentralized society,” are secondary concerns to many recent participants in the cryptosphere. Hironao Kunimitsu, the founder and CEO of social gaming firm Gumi, points out that this focus on regulation is to be expected, given that many blockchain startups pose a direct threat to powerful incumbents in a wide variety of in...
Virtual reality is the flying car of entertainment: always just around
Virtual reality is the flying car of entertainment: always just around the corner, yet somehow always five years away. Each year, the excuses for its failure to disrupt the market change. The headsets induce nausea. There’s a dearth of compelling content. The avatars aren’t lifelike. Or they’re too lifelike. But don’t go away! Next year will be different! In 2016, Michael Gallagher, the CEO of the Entertainment Software Association, confidently predicted a market worth $150 billion by 2020. Y...
Virtual reality is the flying car of entertainment: always just around
Virtual reality is the flying car of entertainment: always just around the corner, yet somehow always five years away. Each year, the excuses for its failure to disrupt the market change. The headsets induce nausea. There’s a dearth of compelling content. The avatars aren’t lifelike. Or they’re too lifelike. But don’t go away! Next year will be different! In 2016, Michael Gallagher, the CEO of the Entertainment Software Association, confidently predicted a market worth $150 billion by 2020. Y...
ust about everywhere for online gambling accepts it now.”
hile Bitcoin and cryptocurrency has matured in ways he couldn’t even imagine back in 2011, some sites still remind him of those early days. “BitMEX to me feels a lot like early online poker sites,” he said. “A lot of people are firing at it, most aren’t very good. Most are just sailing in without much thought and without much strategy.”Moncada plays Tone Vays, Charlie Lee and moreOn April 9th 2020 Ed Moncada will play against some of the biggest names in the cryptocurrency industry (and the l...
ust about everywhere for online gambling accepts it now.”
hile Bitcoin and cryptocurrency has matured in ways he couldn’t even imagine back in 2011, some sites still remind him of those early days. “BitMEX to me feels a lot like early online poker sites,” he said. “A lot of people are firing at it, most aren’t very good. Most are just sailing in without much thought and without much strategy.”Moncada plays Tone Vays, Charlie Lee and moreOn April 9th 2020 Ed Moncada will play against some of the biggest names in the cryptocurrency industry (and the l...
Bitcoin poker players were ‘really bad’
Moncada saw Micon posting on Facebook about the site in 2013 and was intrigued enough to buy a Bitcoin for $90 and start playing. He estimates there were fewer than 50 professional players using Bitcoin poker sites in 2013. This meant he could clean up against the amateurs. “I realized these guys were really bad players,” he laughs. “I only put in one Bitcoin and three months later I was at 150 Bitcoins. I cashed out about $10,000 and kept about 50 Bitcoins in there and kept playing. And that...
Bitcoin poker players were ‘really bad’
Moncada saw Micon posting on Facebook about the site in 2013 and was intrigued enough to buy a Bitcoin for $90 and start playing. He estimates there were fewer than 50 professional players using Bitcoin poker sites in 2013. This meant he could clean up against the amateurs. “I realized these guys were really bad players,” he laughs. “I only put in one Bitcoin and three months later I was at 150 Bitcoins. I cashed out about $10,000 and kept about 50 Bitcoins in there and kept playing. And that...
Online poker thrived in the years leading up to 2006’s Unlawful Internet
Online poker thrived in the years leading up to 2006’s Unlawful Internet Gambling Enforcement Act (UIGEA), with the industry growing exponentially from $82.7 million in 2001 to $2.4 billion by 2005. A key moment came in 2003 when Tennessee’s Chris Moneymaker won the $2.5 million pot at the annual World Series of Poker, despite never having played a real-life tournament before in his life. PokerStars had paid the $10,000 entry fee for Moneymaker and 36 of its other top online players as a way ...
Online poker thrived in the years leading up to 2006’s Unlawful Internet
Online poker thrived in the years leading up to 2006’s Unlawful Internet Gambling Enforcement Act (UIGEA), with the industry growing exponentially from $82.7 million in 2001 to $2.4 billion by 2005. A key moment came in 2003 when Tennessee’s Chris Moneymaker won the $2.5 million pot at the annual World Series of Poker, despite never having played a real-life tournament before in his life. PokerStars had paid the $10,000 entry fee for Moneymaker and 36 of its other top online players as a way ...
