Dutch Boyd's Brother Posts Pokerspot Source Code (xpost)

[pokeraz]

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disclaimer - i didn't lose any money in the pokerspot fiasco.

that said, this seems like an honestly written post which should maybe be taken a little more seriously by people. i've had a strange feeling about the poker industry over the last couple years, and his thoughts echo some of mine.

him open sourcing the code also seems like an honest attempt to in some way help something which he is now sick of.

i'm not defending anyone who was involved in pokerspot - but i also don't see anything wrong with what bobby boyd posted...seems genuine to me.

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I expect nothing less from a wildcat.

[hyde]

[ QUOTE ]
disclaimer - i didn't lose any money in the pokerspot fiasco.

that said, this seems like an honestly written post

i'm not defending anyone who was involved in pokerspot - but i also don't see anything wrong with what bobby boyd posted...seems genuine to me.

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"even though Dutch has taken it upon himself to disregard one of the biggest reasons for the formation of a corporation (limiting liability) in paying back a small percentage of the players thousands of dollars out of his own pocket -- he has absolutely no reason to do so. Personally I hope he stops. My feeling on it is that anyone that had the balls to buy into a poker site in an entirely unregulated industry (remember it's the year 2000) deserved what they got (and why would you be playing with money you couldn't afford to lose in the first place?). But, that's because Dutch is a nice guy and I'm an [censored]."

It is honest in that he recognizes himself as an [censored].

His rationale is corrupt as to thinking that the players who lost money were taking a chance just as he was.
He fails to make the distinction that the risks were totally different.
His risk included the possibility to make considerable amounts of money if his company was successful. the players who lost money did not share in this possibility.
They were customers. They were sold a promise that was not delivered. And while there is always a risk of a company failing, some believe that if the company were closed at the first sign of failure the losses of the customers would have been considerably less.
Instead, as I understand it, the company continued on, using customers money, when they should have just shut down.
Was it illegal...dunno, maybe not.
Was it wrong.....dunno, probably.

[grdred944]

Boyd's post is both self-serving and spot on. Self serving in that he continues to rationalize the actions of the Boyd clan. No fault with that; we all try to rationalize our f-ups. Spot on in that his analysis of the industry at-large is totally correct; particularly how he sees the tournament pros and their obsession with image and need to maintain their image to maintain backing.

As to the code, it's an empty shell but nice of him to put it out there.

[bav]

Hyde hits it head on. Pointing at mom and dad's losses as anything comparable to the losses by customers is pretty incredible.

Casinos are regulated in part to prevent exactly this sort of stupidity. The casino is simply not allowed to use customer deposits to run the company. And any online gambling venture which does otherwise is corrupt from the outset. If you aren't adequately rolled to start and run an online casino without using your customers' deposits, you are not adequately rolled.

People in the regulated casino or banking industry who try stunts like this find themselves in prison for very long stretches. "But I lost even more than my customers" rings pretty hollow.

[PokerBot123]

For what it's worth: He doesn't seem to understand the difference between a company and its product!

Edit: I see that somebody allready said something to that effect.

[manUfan]

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My only guess would be that most winning players are scared any badmouthing of the industry could scare away the fish, and thus their money.

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obviously. this is exactly why it happens imo.

[w_gibbs]

The real question on my mind is "does Robert also drink his own pee?"

[SimonBarSinister]

Sounds like he's been sippin on Dutch's piss.

(and why would you be playing with money you couldn't afford to lose in the first place?Isn't that what they were doing.

[8outpoker]

I have spent time with both dutch and rob and they are both very smart with many great ideas I just dont think either one of them is capable of running a business.