V irtue Poker Whitepaper

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Table of Contents , ,Table of Contents ,1 Abstract . 1 1 Value Propositions , 1 1 1 Eliminate Player Deposit Risk . 1 1 2 Solve the Lingering Trust Issue regarding Gameplay Fairness . 1 1 3 Reduce Player Costs and Create a Balanced Poker Ecosystem . 1 1 4 Build out an Extensible Decentralized Poker Network . 1 2 Short Term Objective , 1 3 Long Term Growth Strategy . 2 Problems with Online Poker , 2 1 Introduction , 2 2 Misuse of Player Funds . 2 2 1 Absolute Bet and Ultimate Bet , 2 2 2 Full Tilt Poker .
2 2 3 Lock Poker , 2 3 Poker Bots , 2 4 Third Party Tools and Software . 2 5 Unequal Rake , 2 6 The Broken Poker Economy , 2 6 2 The Problem . 2 7 Global Market Fragmentation , 2 7 1 Black Markets . 2 7 2 Dark Grey Markets , 2 7 3 Grey Markets , 2 8 Types of Operators . 2 8 1 Onshore Operators , 2 8 2 Offshore Operators .
2 9 Limited Competition , 2 9 1 Regulated B2C Market . 2 9 2 Unregulated B2C Market , 2 10 Random Number Generator Certification Practices . 2 11 Conclusion ,3 The Virtue Solution , 3 1 User Flow . , 3 1 1 Download Virtue Poker Client , 3 1 2 Registration . 3 1 3 Fund a Wallet , 3 1 4 Create a Game or Join a Game .
3 1 5 Buy In , 3 1 6 Gameplay , 3 1 7 Payout , 3 2 1 uPort . 3 2 2 Ethereum Smart Contracts , 3 2 3 Game Client . 3 2 4 P2P Messaging , 3 2 5 IPFS , 3 3 Identity Management . 3 4 Ethereum Smart Contracts , 3 4 1 Casino Contract . 3 4 2 Table Contract , 3 4 3 Player Interactions with Table Contracts .
3 4 4 Multi table Tournament Contract , 3 4 5 Justice Management Contract . 3 5 Mental Poker , 3 5 1 Overview , 3 5 2 Mental Poker Algorithm The Two Pass Shuffle . 3 5 3 Two Rounds of Encryption Shuffling the Deck and Indexing the Deck . 3 6 Peer to Peer Messaging , 3 6 1 P2P Messaging for Game Client Synchronization . 3 6 2 Off Chain Gameplay , 3 7 IPFS Game log Storage of Hand Histories . 4 Game Security , 4 1 Forms of Cheating in Online Poker .
4 1 1 Collusion , 4 1 2 Multi accounting , 4 1 3 Data Mining . 4 1 4 Poker Bots , 4 1 5 Account Sharing , 4 2 The Justice System to Combat Cheating . 4 2 1 Core Functions of Justices , 4 2 2 1 Dispute Resolution . 4 2 2 2 Data Feed , , 4 2 2 3 Partial Storage of Player Encryption Keys . 5 VPP Virtue Player Points , 5 1 Becoming a Justice .
5 1 1 Justice Submissions Review Process , 5 1 2 Justice Fees . 5 2 In Game Currency , 5 3 Special Tournaments ,6 Roadmap . 6 1 Key Activities , 6 1 1 Platform Development , 6 1 2 Marketing . 6 1 3 Sponsorships and Public Relations , 6 1 4 Legal . 6 2 Development Roadmap , 6 2 1 Current State , 6 2 2 Further Development .
6 2 3 First Quarter 2018 , 6 2 4 Second Quarter 2018 . 6 2 5 Second Third Quarters 2018 , 6 2 6 Fourth Quarter 2018 . 6 2 7 2019 ,7 Team , 7 1 Core Team , 7 2 Advisors . 7 4 Team Virtue Poker , 7 4 Legal Partners ,8 Appendix Virtue Poker Architecture . 8 1 System Architecture , 8 1 1 Components , 8 2 Game Engine .
8 2 1 State Machine , 8 2 2 Connected or Offline State . 8 2 3 Lobby States , 8 2 4 Game Play States , 8 3 Ethereum Table Contract . 8 3 1 Functions , 8 4 GameNet , , 8 4 1 KeyStore . 8 5 P2PNet , 8 6 Web3 js , 8 7 Electron , 8 8 Poker Game Client . 8 8 1 Game Client Architecture , 8 8 2 Game Play .
, , , , , , , , , , , , , 1 Abstract , Online poker has grown from a handful of startups in the early 2000s to a multi billion dollar . industry today And since its inception online poker has struggled with two critical issues game . fairness and security of player funds These two issues were at the heart of a series of industry . scandals that took down several leading companies in the online poker business . , Virtue Poker changes all that It is a decentralized platform for playing online poker with real . money It leverages the Ethereum blockchain to provide the first blockchain based online poker . experience where players never have to deposit money on a site the shuffle is provably random . and cards are cryptographically secure ,1 1 Value Propositions . , On Virtue Poker there are no servers that store players funds and each player is involved in card . shuffling Our goals are to ,1 1 1 Eliminate Player Deposit Risk .
Virtue Poker enables players to have full custody over their funds by using Ethereum smart . contracts to escrow tournament buy ins and autonomously distribute payouts based on game . outcomes , 1 1 2 Solve the Lingering Trust Issue regarding Gameplay Fairness . Using a peer to peer cryptographic shuffling protocol called Mental Poker all players seated at a . table are involved in card shuffling and reach consensus at the end of each hand using a Byzantine . Fault Tolerant consensus mechanism , 1 1 3 Reduce Player Costs and Create a Balanced Poker Ecosystem . Virtue Poker s innovative peer to peer and decentralized architecture coupled with the use of . Ethereum allows Virtue Poker to eliminate costly server and payment processing expenses Most . game functions that are typically performed on centralized servers are distributed in the Virtue . Poker system and player funds always remain in player wallets that are secured by smart . contracts Virtue Poker will pass these savings on to players via lower rake and player incentives . allowing more money to remain in the poker ecosystem . 1 1 4 Build out an Extensible Decentralized Poker Network . Virtue Poker s goal is to build out a core underlying decentralized online poker network that . developers and third party operators can plug into and build on top of We hope and expect . that new functionalities are built on top of the platform . , 1 2 Short Term Objective , , Virtue Poker is building a production ready application that will be deployed to the Ethereum . mainnet To accomplish this and to move the company towards launch Virtue Poker will build out . our development and marketing teams The development team will focus on building out the user . interface distributed shuffle and blockchain technologies The marketing team will work on . building engagement with our alpha uses to source product feedback and iterate on the platform . design prior to launch , ,1 3 Long Term Growth Strategy . Our long term strategy is comprised of two macro phases 1 build out the technology and . liquidity for the platform as a business to consumer B2C operator to prove the desirability . integrity and credibility of our solution and 2 expand globally through white labeling to enable . new licensees in markets across the globe This allows third party companies to seamlessly and . inexpensively start their own blockchain based online poker room using our core technology and . provides an ongoing revenue stream , , , , , 2 Problems with Online Poker .
2 1 Introduction , , Online gambling has grown into a multi billion industry expected to top 50 billion by 2021 1 . Poker has been at the heart of this phenomenal success The growth of online poker rooms ignited . following the televised World Series of Poker Main Event in 2003 in which an unknown amateur . poker player an accountant named Chris Moneymaker won 2 5 million . , Today the global online poker market is over 2 5 billion dollars Globally the market is . dominated by Europe and Asia with 47 and 30 of the market respectively with North America . comprising 13 Oceania 6 and Latin America 2 2 , , Unfortunately the online poker industry has been subjected to several scandals and has fallen . victim to malicious users While top poker sites such as PokerStars com have adapted their . platform to this problematic behavior many sites have failed to adjust creating a lingering distrust . among many players ,2 2 Misuse of Player Funds ,2 2 1 Absolute Bet and Ultimate Bet . After years of player complaints Cereus Network the third largest poker network operators of . Ultimate Bet and Absolute Poker admitted that a former employee had gained access to an . administrator s account that allowed him to view all players cards on the platform Over the several . years that the fraud occurred this individual and his co conspirators stole tens of millions of dollars 3 . 2 2 2 Full Tilt Poker , On April 15 th 2011 a day known as Black Friday in the online poker community US federal .
prosecutors indicted the founders of the three largest online poker websites PokerStars Full Tilt . Poker and Absolute Poker and forced those sites to stop offering real money gameplay to US . citizens When Full Tilt reopened outside the US shortly thereafter it was discovered they had a . 360 million shortfall that is they had misappropriated 360 million in deposits from players . The company shut down operations shortly thereafter 4 . 1, 888 2016 Annual Report http corporate 888 com sites default files 888 20AR 202016 20Hyperlinked 20PDF pdf. 2, Playtech 2015 Annual Report http playtech ir production investis com media Files P Playtech IR results reports webcasts 2016 2015 report and accounts v2 pdf. 3, Ultimate Bet Review Scandalous History and Failure of UB Safest Poker Sites Safest Poker Sites n d Web 07 Oct 2016 . 4, http www pokerupdate com poker opinion 544 13 biggest poker scandals last decade . , 2 2 3 Lock Poker , In 2015 Lock Poker which offered games to US residents was shut down after failing to honor .
player withdrawals for nearly a year Players lost an estimated 15 24 million 5 . 2 3 Poker Bots , A poker bot is a software program that emulates real players online Poker bots can sit across . multiple tables and can run without human oversight Poker bots vary in complexity they can be . bought off the shelf or can be custom built and employed by an individual actor . , In 2015 a bot ring on PokerStars won nearly 1 5 million in 0 50 1 00 and 1 2 cash games 6 . There are companies such as WarBot that sell bots off the shelf to users who can run them on all . platforms 7 Publicly traded companies such as 888 Holdings have largely ineffective security . procedures to protect players against bots 888 even has a blog post entitled How to Play Against . Poker Bots calling them weak8 , , But bots are in fact a real threat In 2017 Carnegie Mellon University ran a competition called . Brains vs Artificial Intelligence Upping the Ante in which four of the world s best online . heads up poker pros competed against a poker bot called Libratus and lost 9 While Libratus is . powered by a supercomputer poker bots of all types pose a significant threat to the future . success of the industry ,2 4 Third Party Tools and Software . Many online players use third party tools and software that target recreational players 10 . These tools include but aren t limited to , , Player Databases A database of players that can be queried to find players with low win rates .
across multiple poker networks , , Auto Seating Automatically seats players at quality checked cash games and Sit Go . tournaments as well as color coding players based on player statistics . , Player Scanning Scans players currently in a poker site s lobby who match specific criteria . ,5, http www pokerupdate com poker opinion 544 13 biggest poker scandals last decade . 6, https www pokernews com news 2015 06 pokerstars and players react to the bot scandal 21935 htm. 7, http www poker bot org main ,8, https www 888poker com magazine strategy playing against poker bots .
9, , https www cmu edu news stories archives 2017 january AI tough poker player html. 10, , http www sharkscope com Tools And Apps html, . Heads Up Displays Displays real time stats of opponents at active tables . , These tools are designed to give players access to information about their opponents . Unfortunately these tools create a disadvantage for recreational players that are not using these . programs who are unknowingly targeted by highly skilled professionals . 2 5 Unequal Rake , Rake is collected in tournaments or cash games For tournaments a percentage typically 6 10 is . added to the buy in In cash games a percentage is taken from each hand Cash game rake online . is typically 3 5 with a cap between 0 30 5 per hand depending on the limits being played . While the rake differs slightly at various sites overall the rake structure is very similar across all . online poker rooms , , Figure 1 shows the current rake structure for PokerStars 11 At first glance this structure seems .
to make sense in absolute terms higher stakes players are paying more rake than lower stakes . players and are more valuable customers , , Figure 1 PokerStars Rake Example . , , Note that the cap on the lowest stakes 0 01 0 02 for a 5 person game is 15x the big blind . but for a 3 6 game the cap is 0 58x the big blind . 11, https www pokerstars com poker room rake , , , According to a 2011 research study by the University of Hamburg which analyzed over 2 5 . million hands over a six month period on PokerStars and other sites each player at . 0 01 0 02 pays an average of 12 5 BB big blinds per 100 hands in rake while those at . Poker has been at the heart of this phenomenal success The growth of online poker rooms ignited following the televised World Series of Poker Main Event in 2003 in which an unknown amateur poker player an accountant named Chris Moneymaker won 2 5 million Today the global online poker market is over 2 5 billion dollars Globally the

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