Absolute on ABC news now

jbones · #11 (**permalink**) 10-22-2007, 10:43 AM

Quote:

Originally Posted by PhilTheThrill14

I don't know - if you look at the traffic on poker sites - even Absolute - this has had little to no effect. One would think that while the gun was smoking, people would run. Isn't happening.

Probably less than 1% of online players know about this yet

Colquhoun · #12 (**permalink**) 10-22-2007, 11:00 AM

Quote:

Originally Posted by jbones

Probably less than 1% of online players know about this yet

Unfortunately, it's the ones who have not made a deposit yet that scares me. At the stakes I play (micro), new players are always good for my game.

The more this news blows up, and the longer it is an issue, it has the potential to disrupt the confidence of anyone willing to deposit into online poker...and that is not good.

PhilTheThrill14 · #13 (**permalink**) 10-22-2007, 11:05 AM

But it's not "blowing up". I would say the story is fizzling out and will be a thing of the past shortly. I would like to know when this story is going to receive more coverage then it has in the past week(s). If only 1% of online poker players know about it now - I don't see many more knowing about it at a later date.

jamby · #14 (**permalink**) 10-22-2007, 11:08 AM

I don't think that the online players are the real issue here. Rather, I think it's the government that is supposedly looking out for 'our best interest' and possibly loved ones of those online players who are going to make things blow up assuming it gets picked up by even more mainstream media sources. Think of the spin that can be placed on a story like this.

Quote:

Originally Posted by PhilTheThrill14

But it's not "blowing up". I would say the story is fizzling out and will be a thing of the past shortly. I would like to know when this story is going to receive more coverage then it has in the past week(s). If only 1% of online poker players know about it now - I don't see many more knowing about it at a later date.

dad604 · #15 (**permalink**) 10-22-2007, 05:36 PM

Quote:

Originally Posted by jamby

I don't think that the online players are the real issue here. Rather, I think it's the government that is supposedly looking out for 'our best interest' and possibly loved ones of those online players who are going to make things blow up assuming it gets picked up by even more mainstream media sources. Think of the spin that can be placed on a story like this.

What government? Certainly not the US government.

jamby · #16 (**permalink**) 10-22-2007, 05:38 PM

Oh no, of course not the US Government. They would never presume to know what's best for their citizenry.

Quote:

Originally Posted by dad604

What government? Certainly not the US government.

luckychick · #17 (**permalink**) 10-22-2007, 06:09 PM

Quote:

Originally Posted by PhilTheThrill14

But it's not "blowing up". I would say the story is fizzling out and will be a thing of the past shortly. I would like to know when this story is going to receive more coverage then it has in the past week(s). If only 1% of online poker players know about it now - I don't see many more knowing about it at a later date.

I hope you're right. There's a good chance that the whole thing will fizzle. But AP hadn't made a statement until a couple days ago; and even now the statement is not very public. AFAIK they have (1) had someone (?) tell someone else (?) at pocket fives that there was a breach, and they will make statement and (2) sent e-mails to players that there was a breach. I don't even know if it was all players, or just those who have played with Potripper, Greycat, etc. It's not like they released a press statement. When/if they do, more media sites might pick it up.

Now that a couple of more mainstream media sites have picked it up on the back pages, I'm a little worried. It could just fizzle, but if it gets mentioned on something like the Daily Show, or Dateline, or any number of other news-taintment (?? I don't know what to call them) like shows, we could be screwed.

Plus I will have to deal with more harping from my mother-in-law.

ipgyst · #18 (**permalink**) 10-22-2007, 06:34 PM

The sky is not going to fall.

AP is paying everybody back and fixing the problem. Their initial response was pi$$-poor, but that isn't what's going to matter now. A popular online poker room is a $$$-printing-press for its owners. Do you think any of them are going to let this happen to them? No way.

Internet poker is a young (less than 10 yrs old) business, and unregulated (at least by the US govt). I'm surprised something like this hasn't happened before now, and it may always be an issue, but it will be a small one. The real issue with online poker is players who cheat, like that jacka$$ who won the WCOOP then got outed as a cheater.

jspearm1983 · #19 (**permalink**) 10-22-2007, 06:40 PM

Quote:

Originally Posted by luckychick

Plus I will have to deal with more harping from my mother-in-law.

Ha ha, True. This made me laugh because my in laws think that I'm crazy for playing onine poker. (They also think im crazy putting 100% of my 401K into international funds, which are up 24% in 2 months).

jamby · #20 (**permalink**) 10-22-2007, 06:48 PM

Just remember the old adage grasshopper - buy low, sell high. You might want to consider selling off a bit of that Int'l investment right now and let some sit tight in cash/bonds for a bit, waiting for the inevitable correction.

Cheers.

Quote:

Originally Posted by jspearm1983

...im crazy putting 100% of my 401K into international funds, which are up 24% in 2 months).