I agree.
Bare knuckle boxing is not much more close to real life than mma or sports boxing due to stuff that there still are plenty of rules.
It isn't more real life than current mma.
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Me doesn't likes too: grappling almost 0 from elements, no kicks etc.
Plus I feel too much codolescence about any stuff close to KB like stuff outside of sport, there: this BK boxe with no gloves too is for me strange.
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If they allowed stuff that is allowed in lethwei, sambo and combat sambo, judo then they might claim that they are more realistic than current mma rules.
They are not, in fact lesser than current mma rules.
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Also hard to get enough high talent pool with formerly accomplished young boxers for example. In sport boxing their ammy credentials might work dam well and a lot : achievments abowe national level tournaments, boxed with some accomplished athletes, medals, had tutelage from established lineage ( then students achievments in sport boxe usually are historically proven facts too ) etc etc.
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During next decade BK boxe doesn't have chances to get such attention that boxe or mma does have.