Poker Money for Points - Interested?

[SiznutS]

good idea sir.

[Zab]

@ zab are you suggesting that we would be able to use the site for this and it would be instant or would there be a wait??? if so, how long?

Instant for some, wait for others

[Zab]

The idea here is that the rates will be LOWER. I wont offer awesome rates.

I don't want to undercut or outbid the normal market. I'd rather have you guys trading amongst yourselves. It's a good secondary market you guys have going.

So if the going rate is 500 \ $1 I will offer like 400 or something. So people first try to trade with each other.

[snklzona]

Capital idea a perfect way to get rid of unwanted lock money...

[tetrafin4]

Would be good if Pokerstars was on the list too ...?

[jcolee2]

I would like to add a little something here...

This is definitely a GREAT idea.. BUT!

Some of us are actually trying to earn money here.. cash money to our paypal accounts per-say..

If people can freely trade points for poker money how will we ever cash off?

The poker sites won't cash us out.. The only reason we are able to cash off is due to the RARITY of the points...

If people can cash off into points so easily the points will devalue and there will be less incentive to PURCHASE points..

Maybe I haven't completely thought this through yet but I wanted to put it out there before this happens.

In short, it feels like points are more valuable than poker money as they are more liquid..

On another note, fix the dam client already!

[PatrickKn]

I would like to add a little something here...

This is definitely a GREAT idea.. BUT!

Some of us are actually trying to earn money here.. cash money to our paypal accounts per-say..

If people can freely trade points for poker money how will we ever cash off?

The poker sites won't cash us out.. The only reason we are able to cash off is due to the RARITY of the points...

If people can cash off into points so easily the points will devalue and there will be less incentive to PURCHASE points..

Maybe I haven't completely thought this through yet but I wanted to put it out there before this happens.

In short, it feels like points are more valuable than poker money as they are more liquid..

On another note, fix the dam client already!

If you want to sell the points for yourself, you can always acquire more in the client by playing, and then sell them at a lower than market price.

[pikeboy412]

when is it going to take effect is what i want to know?

[Mike1990]

Love the idea

[rghy2]

I would like to add a little something here...

This is definitely a GREAT idea.. BUT!

Some of us are actually trying to earn money here.. cash money to our paypal accounts per-say..

If people can freely trade points for poker money how will we ever cash off?

The poker sites won't cash us out.. The only reason we are able to cash off is due to the RARITY of the points...

If people can cash off into points so easily the points will devalue and there will be less incentive to PURCHASE points..

Maybe I haven't completely thought this through yet but I wanted to put it out there before this happens.

In short, it feels like points are more valuable than poker money as they are more liquid..

On another note, fix the dam client already!

The value of points is somewhat tied to demand, but seems to me to mainly reflect what you can redeem the points for such as amazon giftcards. Also, Zab will provide the exchange at a relatively poor rate so that people will still mainly exchange with each other first to get the best rate. His would only be a backup system that you would pay a higher rate to use.