Dan Colman and Brian Rast have partnered with Virtue Poker both as ambassadors and to help develop the new poker room. Link to article at bottom of page thanks to Pokernews.com
Colman is currently number two on the Hendon Mob’s all-time money list, while Rast is in tenth place. Their interest was aroused because Virtue Poker is using blockchain technology developed forcryptocurrency Ethereum as the platform for the new poker room.
Brian Rast told PokerNews:
Exclusive: Dan Colman and Brian Rast Join Ethereum-Based Virtue Poker 101
“I’ve become very interested in the cryptocurrency space this year and am excited to work with the Virtue Poker team to bring this new type of poker platform to market.”
Dan Colman added:
“Virtue Poker is an innovative solution that I believe can add a lot of value to online poker, I’m excited to be apart of the team.”
The key advantages that the technology allows Virtue Poker to offer are: extremely high levels of player fund protection; protection against fraud by the poker room operator, and a guarantee of game integrity.
The company has already spent two years in development, but real money play isn’t expected to begin until mid-2018.
“The lack of transparency and accountability in the practices of many online poker companies presents a great opportunity for blockchain technology to showcase its utility in a manner that will satisfy both players and regulators,” said Virtue’s Co-Founder, Ryan Gittleson.
Player Fund Protection
Making a deposit at an online poker room is similar to putting cash in the bank. The money deposited becomes an asset of the bank and the player becomes a creditor. However, banks are part of deposit guarantee schemes where customers don’t lose their money if the bank goes bust. Poker rooms have no such safety net.
Online poker has been blighted by a series of scandals where players have lost money that they thought was safely deposited.
Virtue Poker’s blockchain technology means that the poker operator doesn’t have access to players’ money. When a player joins a table, his stake is debited from his cryptocurrency account, and when he leaves, any positive balance is refunded directly to his account.
This means the operator can’t misuse player deposits to fund operating expenses and apart from the cash in play, the player’s entire bankroll remains out of reach of the operator.
https://www.pokernews.com/news/2017/09/virtue-poker-dan-colman-brian-rast-28926.htm
