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
Wednesday June 26, 2019 at 3:32 pm
2019 WSOP: Dash Dudley, Kevin Gerhart, and Santiago Soriano win first bracelets

Three more first-time winners won bracelets at the 2019 WSOP. Dash Dudley took down Event #52 $10,000 PLO 8-Handed for his first bracelet and $1,086,967. Spain's Santiago Soriano won his first bracelet with a victory in Event #53 $800 NL Deepstack. Over in the Razz craziness, Kevin Gerhart was the last player standing in Event #54 $1,500 Razz to win his first bling.

Monday June 24, 2019 at 6:29 pm
2019 WSOP: Luke Schwartz, Ari Engel, and Stephen Chidwick win first bracelets

Another wild weekend at the 2019 WSOP. Korea's Jiyoung Kim outlasted a field of 968 runners to win Event #47 $1,000 NL Ladies. British pro Luke Schwartz won his first bracelet with a victory in Event #49 $10,000 Limit 2-7 Lowball. Fellow Brit Stephen Chidwick took down Event #25 $25,000 PLO High Roller for a $1.6 million score and his first bracelet. Not to be outdone, Ari Engel shipped his first bracelet with a victory in Event #48 $2,500 NL. Engel banked $427,399 for fading a field of 996 runners. Israel's Asi Moshe won his third bracelet with a victory in Event #44 $1,500 NL Bounty. Loren Klein also won bracelets in four consecutive years.

Thursday June 20, 2019 at 7:52 am
2019 WSOP: Daniel Negreanu denied 7th bracelet, Johnny 'World' Hennigan wins 10K Stud

2019 WSOP Event #41 $10,000 Seven-Card Stud attracted 88 runners in a stacked field. The final table included numerous multiple bracelet winners including Johnny World Hennigan, Frank Kassela, David ODB Baker, Daniel Negreanu, and David Singer. Negreanu was seeking to win his seventh bracelet, but got denied by Johnny 'World' Hennigan. Johnny World won the 10K Stud and shipped his sixth career bracelet.

Wednesday June 19, 2019 at 10:48 pm
2019 WSOP: Joe Cheong ships Doublestack and Robert Mitchell wins Deepstack bling

Event #34 $1,000 Double Stack attracted 6,214 and a prize pool worth over $5.5 million. Joe Cheong finally won his first bracelet with a big win the Double Stack. He banked $687,782 plus the bling. Robert Mitchell won his first bracelet with a victory in Event #37 $800 NL Deepstack outlasting a field of 2,808 for a score worth $297,537.

Wednesday June 19, 2019 at 1:29 pm
PokerStars launches UFC KO Poker series with 68 PKO events

PokerStars introduced another new series which begins on Sunday, June 23. This one is in conjunction with a UFC promotion called the UFC KO Poker Series with 68 tournaments that all are Progressive Knockouts, including the Sunday Million, which will be a PKO format. Yup, 68 PKOs with no less than seven daily tournaments and buy-ins as low as $11! Players have a shot at winning a free trip to California to see UFC 241 live featuring Cormier vs. Miocic 2 in August.

Sunday June 16, 2019 at 6:42 pm
2019 WSOP: Roman Korenev wins Marathon, Luis Zedan and Robert Campbell ship bracelets

Russia's Roman Korenev outlasted 1,083 players to win 2019 WSOP Event #26 $2,620 NL MARATHON for a score worth $477,401 and his first bracelet. Luis Zedan, originally from El Salvador, won his first bracelet in Event #30 $1,000 PLO for a score worth $236,673... but he said he'll be donating 35% of his winnings to charity. Also, Robert Campbell from Australia won Event #33 $1,500 Limit 2-7 Lowball Triple Draw for $144,027.

Saturday June 15, 2019 at 4:58 pm
2019 WSOP: Greg 'FBT' Mueller wins 10K HORSE bracelet, Thomas Cazayous wins bling

Former hockey player turned poker pro Greg 'FBT' Mueller won his second bracelet after taking down 2019 WSOP Event #29 $10,000 HORSE. Canada's Mueller outlasted 172 players to win $425,347. He went ten years in between bracelet victories. Also, over in Event #31 $3,000 NL 6-Max, French pro Thomas Cazayous faded 754 players to win $414,766.

Friday June 14, 2019 at 3:33 pm
2019 WSOP: The Grinder notches fifth bracelet with Stud 8 win

Ship it to the Grinder once again. Michael Mizrachi outlasted a field of 460 entrants to win 2019 WSOP Event #27 $1,500 Seven-Card Stud 8 for his fifth piece of WSOP jewelry. Mizrachi took down the $50K Poker Player's Championship last year and followed up with a bracelet in the second week of action at the WSOP. Also, Steve Song took down Event #28 $1K NL for a $341,854 score and his first bracelet.

Thursday June 13, 2019 at 2:54 pm
2019 WSOP: John Gorsuch wins Milly Maker; Rami Boukai, Jorden Fox, and Andrew Donabedian win bling

The Millionaire Maker played down to its champion. Event #19 $1,500 NL Milly Maker attracted 8,809 runners and a prize pool that almost topped $11.9 million. John Gorsuch unleashed a sick comeback and outlasted the massive field for a score worth $1,344,930. Rami Boukai won his second bracelet with a win in Event #23 $1,500 8-Game Mix. Jorden Fox outlasted 3,253 runners to win Event #22 DOUBLE STACK for $420,693. Also, Andrew Donabedian won the DEEPSTACK PLO bracelet in Event #25 $600 PLO.

Wednesday June 12, 2019 at 3:46 pm
2019 WSOP: Jim Bechtel wins 2nd bracelet 26 years after winning 1993 Main Event

Talk about a blast from the past. Jim Bechtel won the 1993 WSOP Main Event and had to wait 26 years before he could slap a second bracelet around his wrist. Bechtel faded a field of 91 players to win 2019 WSOP Event #21 $10,000 NL 2-7 Lowball Draw for a $253,817 score. Bechtel outlasted a tough final table that included Darren Elias, Prahlad Friedman, Jean-Robert Bellande, Vince Musso, and Pedro Bromfman.

Tuesday June 11, 2019 at 4:40 am
2019 WSOP: Eli Elezra wins 4th bracelet and Josh 'loofa' Pollock wins online PLO

Eli Elezra won 2019 WSOP Event #20 $1,500 Seven-Card Stud for his fourth bracelet and his second one in Stud. Elezra banked $93,766 for defeating Anthony Zinno heads-up for the bling. Also, Josh 'loofa' Pollock shipped one of the online bracelet events. Pollock outlasted a virtual field of 1,216 runners to win Event #24 $600 ONLINE PLO 6-Handed for $139,740.

Monday June 10, 2019 at 3:25 pm
2019 WSOP: Frankie O'Dell ships 10K O8, wins third bracelet

Old-school O8 player, Frankie O'Dell from LA, won 2019 WSOP Event #18 $10,000 Omaha 8 for a score worth $443,641. O'Dell faded a field of 183 players to win the Omaha 8 Championship. Dell won his third bracelet of his career, with his last one coming back in 2007 during the peak of the online poker boom. O'Dell survived a difficult final table that included Robert Mizrachi, Shaun Deeb, and David Benyamine.

Sunday June 9, 2019 at 6:08 pm
2019 WSOP: Isaac Baron, Murilo Souza, Brett Apter, and Sean Swingruber win bracelets

The 2019 World Series of Poker continued at the Rio Casino in Las Vegas and we now have four more bracelet winners. Brazil's Murilo Figueredo won Event #14 $1,500 HORSE for a score worth $207,003. In the Event #15 $10,000 NL Heads-Up Championship, Sean Swingruber defeated Ben Yu for the bling and denied Yu a fourth bracelet. Isaac Baron finally won a bracelet. The pro from LA took down Event #16 $1,500 NL 6-Handed for $407,739. Brett Apter outlasted 917 runners to win $238,824 and a bracelet in Event #17 $1,500 NL Shootout.

Friday June 7, 2019 at 2:24 pm
2019 WSOP: Dan Strelitz wins 5K NL and Yuval Bronshtein wins 2-7 Lowball

We have a couple more first-time bracelet winners from the 2019 WSOP. Daniel Strelitz won his first bracelet when he faded a field of 400 runners in Event #11 $5,000 NL. Strelitz banked $442,385 for first place. Maria Ho finished in fifth place. Over in Event #13 $1,500 NL Deuce-to-Seven Lowball Draw, Israel's Yuval Bronshtein won his first bling and banked $96,278.

Thursday June 6, 2019 at 2:41 pm
2019 WSOP: Scott Clements ships Dealer's Choice, Jeremy Pekarek wins Deepstack

Scott Clements won his third bracelet and only had to wait approximately 12 years to win once again. Clements outlasted a field of 470 runners in Event #10 $1,500 Dealer's Choice. He banked $144,957 for first. Over in Event #9 $600 Deepstack, local pro Jeremy Pekarek faded a juicy field of 6,150 runners to win $398,281 and his first bracelet.

Wednesday June 5, 2019 at 1:30 pm
2019 WSOP: Alex Epstein wins first Short Deck bracelet

Alex Epstein outlasted 114 runners to win Event #8 $10,000 Short Deck NL. Epstein binked the WSOP's first-ever Short Deck event. Epstein banked $296,227 for first place and simultaneously knocked out Thai Ha and bracelet winner Anson Tsang on the final hand. Meanwhile, Daniel Park outlasted a field of 2,452 runners to win Event #12 $1,000 NL Super Turbo Bounty for a score worth $226,243.

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