Tuesday December 12, 2017 at 9:38 pm
SCOOP

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.

CCrypto

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
Thursday December 5, 2019 at 1:56 am
Milen Stefanov wins WPT Seminole Rock 'N' Roll Poker Open

The latest stop on the World Poker Tour reached the Seminole Hard Rock Casino and Hotel in Hollywood, Florida for the WPT Seminole Rock 'N' Roll Poker Open. This year's event attracted 988 runners and a prize pool over $3.16 million. This WPT final table included Milen Stefanov, David Novosel, Roman Korenev, Fabian Gumz, Francis Anderson and Cesar Fuentes. Bulgaria' Stefanov won his first WPT title when he picked off Gumz heads-up for the title, $545,070 in cash, and a seat into the season-ending WPT Tournament of Champions.

Wednesday December 4, 2019 at 8:17 pm
Klay Thompson, Splash Brother and poker fish

Klay Thompson, an NBA All-Star and member of the Golden State Warriors, recently appeared on Kneading Dough with Maverick Carter to discuss finance but the chat delved into how Thompson spent a lot of money when he first entered the league and one of his big leaks happened to be the losing at poker against his much-better teammates like Steph Curry and David Lee.

Monday December 2, 2019 at 9:06 pm
Omar Lakhdari wins 2019 Unibet Open Paris Main Event

Omar Lakhdari faded a field of 480 runners to win the 2019 Unibet Open Paris Main Event at Club Circus Paris in Paris, France. The French-heavy final table also included Quoc Dung Le, Vladimir Nex, Malik Corbin, Alexandru Danes, Michel Leibgorin, Giuseppe Zarbo, Alexey Dmitriev, and Hakim Chniyat. Lakhdari, the top player on Algeria's money list, now has over $1.68 million in tournament earnings.

Wednesday November 27, 2019 at 6:44 pm
Michael Trivett wins WSOP Circuit Planet Ho, Paul 'Walnuts' Bianchi Binks HPT Championship

Las Vegas pro Michael Trivett faded a field of 778 runners to win the $1,700 buy-in Main Event at the 2019 WSOP Circuit Planet Hollywood in Las Vegas. Trivett banked $215,943 for the win and earned his first WSOP Circuit ring. Meanwhile, the fifteenth season of the Heartland Poker Tour concluded with its year-end Championship event at the Hollywood Casino in St. Louis, Missouri. Chicago's Paul 'Walnuts' Bianchi outlasted 353 players to win the HPT championship and $181,874.

Monday November 25, 2019 at 3:16 pm
Adrian Mateos wins partypoker MILLIONS World Bahamas for $1.1 million

Adrian Mateos, a Winamax sponsored player from Spain, outlasted a field of 948 to win the 2019 partypoker Live MILLIONS World Bahamas. A three-way chop secured $1,162,805 for Mateos, who outlasted a final table that included Chris Hunichen and Peter Jetten. It's been a good week at the Casino Baha Mar for Mateos, who also shipped a Super High Roller event for two titles in the Bahamas.

Tuesday November 19, 2019 at 6:02 pm
Daniel Dvoress wins 2019 Super High Roller Bowl Bahamas

Canadian pro Daniel Dvoress outlasted a field of 51 entrants to win the $250,000 buy-in 2019 Super High Roller Bowl Bahamas during at the Baha Mar Casino in the Bahamas. Dvoress won $4.08 million for defeating Wai Leong Chan heads up for the title. The tough final table also included Kathy Lehne, Erik Seidel, Seth Davies, Steve O'Dwyer, Jason Koon, and Justin Bonomo.

Monday November 18, 2019 at 10:22 pm
James Holzhauer wins Jeopardy TOC, will play at Caribbean Poker Party

James Holzhauer, a former online poker enthusiast and sports betting pro from Las Vegas, made waves when he went on an epic run on Jeopardy! earlier in the year with a 32-game winning streak. Holzhauer recently won the annual Tournament of Champions. He will also appear at the 2019 partypoker LIVE Caribbean Poker Party in the Bahamas with a special trivia event at the Baha Mar Casino.

Friday November 15, 2019 at 10:28 pm
Sam Soverel wins 2019 Poker Masters $50K Main Event and Purple Jacket

American pro Sam Soverel dominated the 2019 Poker Masters at the Aria Casino in Las Vegas with two event victories and seven final tables during the ten-event high roller series. He won Event #7 $25,000 PLO and took down Event #10 $50,000 NL Main Event for $680,000. In total, he banked $1.4 million including the coveted Purple Jacket.

Thursday November 14, 2019 at 8:58 pm
Igor Kurganov and Liv Boeree split PokerStars, Power Up dunzo

Two more well-known pros are no longer sponsored players and members of Team PokerStars. Igor Kurganov and Liv Boeree are no longer with PokerStars as the online poker giants shifts away from traditional sponsored pros. Meanwhile, PokerStars is also pulling the plug on Power Up Poker, one of the many new formats they introduced in the last few years that was more like a video game than old school poker.

Saturday November 9, 2019 at 12:32 am
Correction: Rob Campbell wins 2019 WSOP Player of Year after clerical error

The World Series of Poker issued a statement today to recognize Australian pro Robert Campbell as the 2019 WSOP Player of the Year and not Daniel Negreanu. They incorrectly awarded 2019 WSOP POY to Daniel Negreanu at the conclusion of the WSOP Europe because of a error in their database. After an investigation, the WSOP discovered Negreanu got awarded POY points in an event he did not cash. Campbell wins the 2019 WSOP POY with Shaun Deeb finishing in second place and Negreanu finishing in third place.

Friday November 8, 2019 at 2:58 am
Daniel Negreanu edges out Campbell/Deeb to win 2019 WSOP Player of the Year

Daniel Negreanu secured the 2019 World Series of Poker Player of the Year with a strong performance at the WSOP Europe at King's Casino in RozVegas that included seven cashes and a final table. Kid Poker caught Australian pro, Robert Campbell, who went into the WSOPE as the POY leader. Negreanu, a 6-time bracelet winner, won his third Player of the Year title, but became the first player to win POY without securing a bracelet victory.

Wednesday November 6, 2019 at 8:18 pm
PokerStars goes live in Pennsylvania

Pennsylvania, now the fifth largest state in America after edging out Illinois with 12.8 million residents, officially has online poker again when PokerStars PA went online during a soft launch on Monday. The official launch will be Wednesday, November 6, 2019.

Tuesday November 5, 2019 at 3:02 am
2019 WSOP Europe: ElkY wins Colossus for 2nd bracelet

The 2019 WSOP Europe concluded with the 15th and final event at the King's Casino in RozVegas. French pro Bertrand Grospellier, otherwise known as 'ElkY', won the Event #15 €550 Colossus NL for his second career bracelet. Elky faded a field of 2,738 runners to win €190,375. Shaun Deeb finished in 11th place but missed out on catching Daniel Negreanu for 2019 WSOP Player of the Year.

Monday November 4, 2019 at 8:20 pm
Geoffrey Hum wins 2019 WPT Montreal for $500,000 CAD

Nova Scotia's Geoffrey Hum outlasted 1,109 runners and an insanely difficult final table to win the 2019 WPT Montreal at the Playground Casino in Montreal. Hum defeated Colorado's Adedapo Ajayi heads-up to win $500,000 CAD. The rest of the stacked final table had over $46 million in career cashes including Joseph Choeng, Mike Watson, Kristen Bicknell, and Swedish pro Martin Jacobsen. Hum also won a seat into the season-ending TOC in Las Vegas in 2020.

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Thursday December 12, 2019 at 8:04 pm
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