Tuesday December 12, 2017 at 9:38 pm

What are cryptocurrencies? Why is half of my Twitter timeline clogged up with poker pros going nuts about Bitcoin? Why is the other half of Twitter whining about pros bragging about Bitcoin? And what the heck are CryptoKitties? Luckily, we have Doug Polk to get everyone up to speed on Bitcoin and cryptocurrencies. The poker pro, popular YouTuber, and "crypto enthusiast" launched a CoinCentral.com, a news site for all things cryptocurrency. In addition, Polk launched a second YouTube channel to specifically discuss cryptos.


Bitcoin? Litecoin? Ethereum? Ripple? What the heck is everyone talking about? Did I miss the boat with Bitcoin? Which alt-coins will be the next hot crypto currency? Is it really a bubble? If Bitcoin becomes digital gold, will it overtake gold? Do the Winklevoss Twins really have a couple billion dollars worth of Bitcoin? Why is a renown NBA bettor Haralabob talking about CryptoKitties? Should I stop playing poker and breed digital cats instead? Should I sell my car and buy digital cats? Should I take out a second mortgage on my house and buy Bitcoin? Is Satoshi the chef at the hippest new restaurant in Vegas?

These are all amazing questions and I wish I had the time to delve into blogging about cryptocurrencies and launching a YouTube channel dedicated to breeding tips for digital cats. Luckily, we can all benefit from the monstrous content generator Doug Polk. The popular YouTuber and poker pro launched a couple of new projects including a crypto news site CoinCentral.com, and a new YouTube channel devoted to all things crypto.

I suggest taking a peek at CoinCentral, which Doug Polk co-founded. According to their tagline: "CoinCentral is an independent publication covering news and information on cryptocurrencies such as Bitcoin, Ethereum and their underlying blockchain technology."

CoinCentral has become one of my daily reads. If you want to join the crypto movement, I advise you do a significant amount of research before you dive in head first. This is not a get-quick-rich-scheme… although it's been extremely profitable in the short term. With any sort of boom or rush, there's a significant amount to shysters and grifters taking advantage of neophytes and noobs. So, do your homework!

And if you already know about cryptos and have a few Bitcoin, then be prepared to answer questions for friends and family over the holiday season. It took me a while to fully grasp cyrptos and the differences in each one. But sometimes it's difficult to explain somewhat complex things in simple terms to people. Coin Central has a cool Bitcoin 101 guide that's been helpful.

Top 5 Crypto Currencies

Bitcoin is the big whale, but what about everything else? According to Doug Polk's video, the Top 5 cryptos are Ripple, Iota, Bitcoin Cash, Ethereum, and Bitcoin.

In a video titled the Top 5 Crypto Currencies, Polk had some great things to say about the lesser-known cyrtos. "Don't jump into something because you want to get rich quick," suggested Polk.

And on some of the new kids on the block, Polk suggested, "Don't go all-in on some shitty ICO!"

Check out one of the first videos on Doug Polk's new YouTube channel Doug Polk Crypto...

What is Bitcoin?

Bitcoin came to life in January 2009 as the world's first crypto currency that's decentralized. Bitcoins are exchanged utilizing P2P (peer-to-peer) and exchanged using blockchain technology.

Privacy and decentralization are a few things that I find attractive about cryptos. Thanks to P2P transactions, Bitcoin offers privacy in a world in which privacy has become increasingly impossible. Bitcoin is decentralized, which means it's not control by a country or banking cartel. You can skirt inflation when you're not tethered to a nation's currency, which is extremely important in these volatile times.

The founder of the open-source Bitcoin software is an anonymous programmer 'named' Satoshi Nakamoto. With only 21 million Bitcoins in circulation, the demand for them are at all all-time high... hence the skyrocketing prices and interest in the cryptocurrency.

As Doug Polk explained, "Satoshi viewed Bitcoin as the U.S. dollar but not controlled by anyone, he said it's more like digital gold."

Check out another one of Polk's videos from his newly-launched YouTube channel. Polk dished on the Bitcoin Platinum scandal and Bank of America acquiring a patent for blockchain technology. Could BoA jumped into cryptos in the future?

Polk also discussed how the one of the Winklevoss twins speculated that Bitcoin could reach $120,000. The Winklevoss twins sued Mark Zuckerberg claiming Facebook was originally their idea. The twins used settlement money and became one of the early investors in Bitcoin. They supposedly own 100K, possibly more. They dubbed Bitcoin as "Gold 2.0."

Watch here...

DISCLAIMER: The author is not a financial advisor, nor a legal expert. The author is vested in both Bitcoin and Ethereum, and a digital kitty breeding farm named DigiCatlandia. His favorite movie is Goodfellas.

Latest news
Monday March 19, 2018 at 2:51 pm
Breaking News
Kristen Bicknell and Alex Foxen win high rollers at APPT Macau

The City of Dreams Casino in Macau has been hosting the APPT Macau. A pair of high roller events went down over the weekend. Canadian pro Kristen Bicknell won the $80K HKD High Roller for a score worth $2.1M HKD or $279K USD. Meanwhile, Alex Foxen just shipped the $400K HKD Super High Roller title for $7.5M HKD, or a shade under $1M USD.

Saturday March 17, 2018 at 4:21 pm
Poker After Dark: Antonio Esfandiari vs. Jen Tilly

Poker After Dark continued with a new format this week on PokerGO. Moving Violations featured a minimum $20,000 buy-in with $50-$100 NL blinds. This installment included a couple of celebrities such as Don Cheadle and Jennifer Tilly. The infamous Antonio Esfandiari put Jennifer Tilly on "full tilt" after he got her to fold the better hand with a massive river bluff. Oh and there was another doozy of a hand. In a multi-way pot worth $250,000, Tilly flopped a set with pocket Aces but Esfandiari gambled it up with a big draw and got there on the river.

Wednesday March 14, 2018 at 5:06 pm
Breaking News
The Dragon slays The Bike and wins WSOP Circuit

David 'The Dragon' Pham has been scorching opponents for a couple of decades. The three-time bracelet winner added a WSOP Circuit ring to his illustrious collection. The Dragon bested a field of 705 runners to win the WSOP Circuit Main Event at The Bicycle Casino outside of Los Angeles. The Dragon banked approximately $217K for his victory.

Tuesday March 13, 2018 at 3:44 pm
Owen Crowe chipleader at WSOP Circuit The Bicycle

The WSOP Circuit headed to sunny Southern California for its latest stop in Los Angeles. The Bicycle Casino hosted the WSOP Circuit with the Main Event attracting 705 runners. After two days of nonstop action, only 11 hopefuls remain. Owen ‘ocrowe' Crowe is the big stack as play heads into the final day. David the Dragon, Kevin Gimble, and Kristy Arnett are among those still alive and in the hunt for a first-place prize worth $217K and a coveted Circuit ring.

Sunday March 11, 2018 at 6:16 pm
High Rollers series starts March 18

The 2018 High Rollers series runs March 18 through March 26 on PokerStars with five additional events to this year's schedule. The High Rollers consist of 27 exciting, thrilling, sensational events. There's $10 million in guarantees at stake including three events with at least $1 million set aside for the prize pool. The $2,100 buy-in Main Event has a whopping $2 million guarantee. There's also six turbos and three hyper-turbos to cater to the ADHD cardslingers. The lowest buy-in for the 2018 High Rollers is a mere $530, while the deep end of the pool includes a pair of $10K events and a trio of $5K events.

Friday March 9, 2018 at 10:39 pm
PokerStars add new MEGASTACK and Festival events in Europe

PokerStars announced new regional events in Europe and more chances to win a Platinum Pass. The PokerStars Festival Marbella will run from June 4-10 on Spain's Costa del Sol, and the Casino Barriere in Lille will host PokerStars Festival Lille from July 16-22. Also, new MEGASTACK events were announced in Dublin and London for next month, in addition to Gujan-Mestras in the south of France later this summer. Players in these events will also have a chance to win a Platinum Pass to the 2019 PSPC in the Bahamas, with six at stake in Lille.

Tuesday March 6, 2018 at 6:40 pm
Breaking News
Paul ‘X-22' Magriel passed away

Paul 'X-22' Magriel, former chess prodigy and legendary backgammon player, passed away in his sleep at the age of 71. Erik Seidel confirmed Magriel's passing on Twitter today. Magriel got his 15 minutes of modern fame on an early episode of the World Poker Tour with his infamous verbal tick "Quack quack!" Magriel had also become a nemesis of Phil Hellmuth over the years especially after Magriel busted Hellmuth at the 2005 WSOP.

Saturday March 3, 2018 at 9:27 pm
Nevada casinos won $1 billion in January

The house always wins, eh? Bettors and gamblers dropped $1 billion in Nevada during the first month of 2018. That's the 36th time since March 2005 that casinos in Nevada won $1 billion in a single month. January 2018's haul is the best month for Nevada since last March.

Friday March 2, 2018 at 7:02 pm
10 Platinum Passes up for grabs this weekend

Do you want to win a juicy package to the Bahamas? Then you're in luck. Over the next three days, you have ten chances this weekend to win a Platinum Pass to the 2019 PokerStars Players Championship (PSPC). PokerStars will be giving away ten more Platinum Passes valued at $30K. Active social media participants have a chance. If you cashed in the Sunday Million, Sunday Warm-Up, Sunday Storm, or Mini-Sunday Million then you have a chance. And the triumphant winner of the Turbo Series Main Event also gets a Platinum Pass. And players from Spain/France specifically have a shot at a Platinum Pass.

Thursday March 1, 2018 at 6:57 pm
2018 LAPC: Alex Foxen wins High Roller; Toby Lewis leads WPT Main Event final table

The 2018 L.A. Poker Classic at Commerce Casino on the outskirts of Los Angeles had a pair of WPT events running this week. Alex Foxen won the $25,500 buy-in Rockstar Energey High Roller for a $425K score after he faded a field of 50 high ballas. Meanwhile, the WPT L.A. Poker Classic Main Event is down to the final table. Aussie Millions champ Toby Lewis is the chip leader with six remaining. First place pays out $1 million. Can anyone stop Lewis? Among those still alive... Dennis Blieden, Peter Hengsakul, Marc Macdonnell, Manuel Martinez, and Derek Wolters. The final table will be streamed on PokerGO.

Wednesday February 28, 2018 at 4:56 pm
Dennis Blieden leads final 13 at WPT L.A. Poker Classic

Who's gonna win $1 million? Down to 13 players at the WPT L.A. Poker Classic at Commerce Casino in Los Angeles. Dennis Blieden is the chip leader, while Anthony Zinno is trying to win the LAPC for a second time... in addition to winning his 4th overall WPT title. Also still left in the hunt at the LAPC... Lloyd Mandal, Aaron Kaiser, Derek Wolters, Peter Hengsakul, Greg Paryano, Zach Smiley, Garrett Greer, Toby Lewis, Mann Martinez, and Marc Macdonnell. On Day 5, they will play down to a final table of six. Follow the action via WPT Live Updates.

Tuesday February 27, 2018 at 7:01 pm
WPT LAPC down to 31 players

Good day, L.A.! The WPT L.A. Poker Classic at Commerce Casino began with 493 players and only 31 remain as action heads into Day 4. The money bubble popped on Day 3 with Maria Konnikova missing the money by one spot. Jeremey White is the current chipleader. Notables still alive include Phil Hellmuth, Billy Baxter, Toby Lewis, Mike Sowers, Ben Zamani, Zack Smiley, Chance Kornuth, Josh Kay, and Anthony Zinno. First place pays out $1 million. Follow the action via WPT's live updates.

Monday February 26, 2018 at 7:37 pm
Breaking News
Jake Cody bet $60K on single roulette spin... and won

Always bet on black! Wesley Snipes gave that bit of sagely advice in the film Passenger 57. Moments after Jake Cody chopped the high roller event at the partypoker UK Poker Championships in Nottingham, he took his entire winnings (approximately $60K USD) and bet it all on a single spin of roulette. Cody got the approval from the Dusk Till Dawn Cardroom and Casino owner Rob Yong. Much to the delight of his rail, Cody won his wager and doubled up when the ball landed on Black 22. Cody banked $120K for 30 seconds of work.

Monday February 26, 2018 at 6:52 pm
Legal marijuana sales in Nevada pass $200 million in 2017

In July 2017, the first recreational marijuana stores opened for business in the state of Nevada and it's been a cash cow ever since. According to the Department of Taxation in Nevada, in six months of operation in 2017, cannabis dispensaries sold over $200 million in products and the state netted $30 million in overall tax revenue and fees. The 10% retail sales tax generated $9.5 million in revenue. At the present rate, Nevada will exceed $420 million in overall cannabis sales in 2018.

Friday February 23, 2018 at 3:41 am
Celebrity edition of Poker Night in America debuts in March

Celebrities playing poker! Poker Night in America (PNIA) is turning to celebrities to juice up the latest incarnation of their televised cash-game series. The lower-stakes celebrity version, Poker Night LIVE, will be taped at the Gardens Casino in Los Angeles. The celebrity version of Poker Night LIVE will debut on the CBS Sports Network on March 20, 2018.

Wednesday February 21, 2018 at 8:51 pm
Top 10 online NL cash game players

The online game evolves quickly. Who are the top dogs in 2018? Doug Polk posted a new video discussing the list made by Andres "educa-p0ker" Artinano of the Top 10 cash game players at 6-max NL. Among the players listed... Timofey "Trueteller" Kuznetsov, Linus "LLinusLLove" Loeliger, Jonas "OtB_RedBaron" Mols, Stamboloff, OBORRA, Katya_18, hhecklen, Fish2013, and MMAsherdog. I love a good piece of click bait, but watch Polk's video here.

Wednesday February 21, 2018 at 5:31 pm
Chris Moneymaker, simple man

2003 WSOP Main Event Champion Chris Moneymaker was profiled in the Independent under the headline "Chris Moneymaker: What it's like to go from an unknown to a poker millionaire overnight." Moneymaker was the first online qualifier to win the WSOP Main Event, but he didn't blow his money by playing high stakes or making bad loans to friends/family seeking handouts. Moneymaker had a money quote with... "Money does not make you happy, but it makes you sad if you don't have it." Read the full article here.

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