ThePokerCoop

A bunch of people got scammed on the 2+2 Player to Player transfer thread the other day.  Apparently "ericlee" decided he wanted to do a bunch of trades with various people using Chase QuickPay.  It's kind of weird because I have a 2nd nephew named Eric Lee.  The scammer's real name is Eric Fields - the motherf*cker is trying to bring the Asian man down (again)!

Apparently he was able to cancel all the transactions because according to Chase: "You further agree not to use the Chase QuickPay Service to receive money from anyone to whom you are obligated for tax payments, payments made pursuant to court orders, fines, payments to loan sharks, gambling debts or payments otherwise prohibited by law."  The douchebag ripped a bunch of people off and then had the nerve to post that in 2+2.  I need to get a special tree branch for this dude.

I guess stuff like that really sickens me... because in this low time of online poker, players should be COOPERATING WITH EACH OTHER to make the most of our current situation - NOT RIPPING EACH OTHER OFF!  There seems to be way too little cooperation and way too much of everything else. Anyway, in light of the current state of cashouts, transfers and liquidity, I'm curious to see how successful my informal group of buddies is going to be on working together to improve liquidity.

From a theoretical business school process management perspective, you have say 10 people and each person can only cash out $2,500 a month.  That sucks.  The group should be able to take out $25,000 out of the system assuming perfect and optimal funds transfer.  That's like burger-flipping money.  Make that $50,000 a month if each person has two accounts.  $75,000 a month if that second account is on a site that has two cashout mechanisms.  Multiply by a factor of 1.5 to 2 if some of those members are international and can cash out easier.  Multiply by another factor of 1.5 to 2 if you can combine some cashouts to take advantage of the faster wires that some sites offer.  That's $169K to $300K a month between 10 people.  What cashout worries?  The big hurdle is getting that trust and teamwork together.  I think the best answer is by having everyone only have to trust as few people as possible (that's me!) and have everyone put up collateral (at no cost to them).  It seems so simple.

How it looks on paper can be vastly different than in real life.  It is going to take a strong player network to be able to achieve something like this, so I'll be curious see how things go.  So far, my goal by the end of the year is to improve liquidity by 50%, but as you can see from the above, it's theoretically possible to do over an order of magnitude better.  It never hurts to think big.