Bola Ocho said:1]
2] I don't think the IPT was a great pyramid scheme. Although, now that I look back, there was an awfully BIG emphasis on qualifiers and KT kept telling players about referrals. Add that to the fact that KT was trying to model Poker in a way and might have thought that the perception of huge payouts in tournaments would bring out the masses to compete in qualifiers. Well, pool is not poker. Pool takes years to learn and few master it. Poker is a joke, which is why complete no-names win big tournaments. Sigel, Deno and others who advised KT surely would have told him that a pool base large enough to participate in qualifiers to generate revenue for the IPT in that way just doesn't exist. Therefore, this wasn't the intent. Couldn't have been.
You are wrong about this, Deno told several people that he EXPECTED 64 players to turn up for the qualifiers. This along with the promo video and several other signs clearly shows the IPTs card and how they planned to fund the tour. It didn't happen and this is why we are where we are today.