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
Monday August 19, 2019 at 3:16 am
Lucas Zaskodny wins partypoker LIVE EUROPE Main Event

The 2019 partypoker LIVE EUROPE Main Event has come to a close. Czech Republic's Lucas Zaskodny outlasted 504 players to win a cool million (USD) or €906,770 per terms of his heads-up deal with Josef Snejberg. French pro Romain Lewis took third place. Team partypoker pro Roberto Romanello, Sam Grafton and Charlie Carrel also made the final table in RozVegas.

Wednesday August 14, 2019 at 10:37 pm
Orpen Kisacikoglu wins Triton Super High Roller at partypoker LIVE MILLIONS Europe

Turkey's Orpen Kisacikoglu outlasted a field of 32 runners to take down the Triton Super High Roller €100K at the partypoker LIVE MILLIONS Europe event in RozVegas. The €100K final table also included partypoker Pro Kristen Bicknell, Vladimir Troyanovksiy, Ben Heath, Wai Kin Yong, and Cary Katz. Kisacikoglu banked a cool million in Euros.

Wednesday August 7, 2019 at 2:26 pm
Wai Kin Yong wins Triton Series £100,000 NL Main Event in London

The 2019 Triton Super High Roller Series London continued with the £100,000 NL Main Event championship. The Main Event attracted a record-smashing 130 runners. The tough final table included Jungleman, Stephen Chidwick, Michael Chi Zhang, Sam Greenwood, Mike Soyza, Ben Heath, Paul Phua, and Wai Kin Wong. The top two chopped, but Wai Kin Yong eventually defeated Phua heads up for the title and the cash for £2,591,695 or approximately $3.15 million USD.

Sunday August 4, 2019 at 6:21 pm
Aaron Zang wins Triton Million for Charity in London

Aaron Zang won the richest tournament in the history of poker when he defeated Bryn Kenney heads up and overcame a 5-1 deficit to win the million dollar buy-in 2019 Triton Million in London. Zang and Kenney made a heads-up deal, so Kenney actually banked more as a second-place finisher with nearly £16.9 million. With over $55.5 million in earnings, Kenney took over first place in the all-time money winner list according to Hendon Mob.

Saturday August 3, 2019 at 12:27 pm
Vivek Rajkumar leads final table at 2019 Triton Million London

After two long days of action, the £1,050,000 buy-in Triton Million is down to its final table. Vivek Rajkumar leads the final eight that also includes Stephen Chidwick, Tim Adams, Bryn Kenney, Alfred DeCarolis, Aaron Zang, Dan Smith, and Bill Perkins. First place pays out £19 million in this charity event that raised £2.7 million for a Helping Hand Charity.

Thursday August 1, 2019 at 4:41 pm
Triton Million London live stream

The 2019 Triton High Roller Series in London features the Million for Charity, a £1,050,000 million buy-in event with portion of the pool set aside for charity. Day 1 is underway in this invite only event with a mix of high-stake rec players and high-stakes ballers. This event had 54 players with only the top 11 places getting paid out and £19,000,000 to first place. At least £2.7 million got raised for charity.

Monday July 29, 2019 at 4:24 pm
RIP Mad Marty Wilson

The poker community, especially in Great Britain and Europe, is saddened at the loss of one of the biggest characters in the game. Mad Marty Wilson made a splash on television poker in the UK around the turn of the century, which helped usher in a British poker boom. Wilson passed away on Friday after a six-month bout with cancer.

Friday July 26, 2019 at 2:09 pm
Roger Teska wins 2019 WPT Gardens Poker Festival

The new season of the World Poker Tour kicked off with the WPT Gardens Poker Fest at the Gardens Casino outside of Los Angeles. This year's $5K buy-in event attracted 373 runners and a prize pool worth $1.75 million. The final table included Cord Garcia, Andy Wisdom, Roger Teska, Lior Orel, Lars Kamphues, and Laszlo Molnar. Maria Ho missed the final table by a couple of spots when she busted in eighth place. Roger Teska rallied from a huge heads-up deficit to defeat Laszlo Molnar and win the WPT Gardens. Teska banked $368K.

Thursday July 25, 2019 at 12:51 am
Dan Bilzerian on True Gordie: Shrooms, LAG, and Instagram Sexcapades

The latest episode of True Gordie Podcast featured Instagram star and poker player Dan Bilzerian. He normally hates interviews but sat down with True Gordie to discuss life as an Instagram baller and fleecing some rich dude for $50-plus million because his opponent thought he was a dumb trust fund kid.

Monday July 22, 2019 at 9:11 pm
2019 WSOP Player of Year: Robert Campbell Leads, Shaun Deeb in Second

The 2019 World Series of Poker is complete and Australian pro Robert Campbell is leading the Player of the Year race over last year's champ Shaun Deeb. Deeb is second overall with ten more events schedule for this October at the 2019 WSOP Europe at the King's Casino in RozVegas. Dan Zack, Daniel Negreanu, and Phil Hui round out the top 5 in the POY.

Thursday July 18, 2019 at 4:56 pm
Chris Moneymaker and David Oppenheim inducted into 2019 Poker Hall of Fame

The 2019 World Series of Poker announced the newest class of inductees into the Hall of Fame. Chris Moneymaker and David Oppenheim got nods this year. They were the only two recognized on a ballot of ten possible candidates that also included Antonio Esfandiari, Huck Seed, David Chiu, Eli Elezra, Jesus Ferguson, Ted Forrest, and Mike Matusow.

Wednesday July 17, 2019 at 9:18 am
Breaking News
Germany's Hossein Ensan wins 2019 WSOP Main Event and $10 million

The 2019 World Series of Poker Main Event Championship concluded at the Rio Casino when Germany's Hossein Ensan defeated Italy's Dario Sammartino heads up to win $10,000,000 and the coveted Main Event bracelet. Three players began Day 10 with Ensan holding a sizable lead. Canada's Alex Livingston busted in third place for a $4 million score. After 101 hands of heads-up action, Sammartino banked $6 million for a runner-up consolation prize. Ensan, 55, became the oldest Main Event Champ since Noel Furlong in 1999.

Tuesday July 16, 2019 at 6:55 am
2019 WSOP Main Event: Hossein Ensan leads final three with 326M

The 2019 WSOP Main Event continued with Day 9 action that saw the returning five players play down to the final three. Germany's Hossein Ensan began the day with the big stack and by the end of Day 9, he retained the lead with 375M. On Day 9, Chicago Cubs superfan Kevin Maahs busted in fifth place and Garry Gates got picked off in fourth place. Alex Livingston is second in chips, while Italian pro Dario Sammartino is the short stack. They return on Tuesday to play down to a champion.

Monday July 15, 2019 at 6:07 am
2019 WSOP Main Event: Hossein Ensan leads with 5 to go

The 2019 WSOP Main Event final table played down from nine to five players on the first of three days of action. Two players busted in the first 11 hands and four players were eliminated overall including Zhen Cai, Nick Marchington, Tim Su, and Milos Skrbic. At the end of Day 8, Hossein Ensan continued to hold the lead with 207.7 million, while Garry Gates was not far behind with 171.7 million.

Sunday July 14, 2019 at 3:33 pm
2019 WSOP: Keith Tiltson wins 100K High Roller; Negreanu 2nd

Daniel Negreanu cashed in his 15th event this summer and advanced to his fourth final table, but he fell short in his quest for bracelet #7 when Keith Tiltson defeated him heads up to win 2019 WSOP Event #83 $100,000 High Roller for a sensational score worth $2,792,406. Tiltson made a pair of final tables in the final week of the 2019 WSOP with a sixth place finish a couple days earlier in the FINAL FIFTY. Meanwhile, Negreanu launched a late assault on the WSOP Player of the Year race.

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