Bitcoin Forum

Does Moneypot work with penny auction game? Let's say if there is only one bid in a round, that bidder will surely win and the house will surely lose. Isn't the bet has to be +EV to the investors for MP to be accepted?

Currently, BidPot.XYZ only uses MP for managing the funds. The initial pot is funded entirely by BidPot.XYZ. The pot then grows as more users place their bids. Currently, the initial pot averages at about 100 bits, but this amount will increase as the bankroll grows.

I have plans in the future to place bets to MP(out of the bid fee) and increase the pot with the winnings, effectively offering a larger pot to the players.

How are you going to put it in MP if this kind of game is not allowed in MP? btw if this continue then does this means you are losing 0.0001 every 20 minutes if there is only one person playing? it may not be alot for now but atleast at some point it gonna affect you financially

Its a interesting idea and i will surely give it a shot. When i saw something like this on the Fokler website i thought why havent we seen any other sites offering this type of a "game". Really nice to see that finally we got another option, ill play a bit and let you know how i feel about it.

Hello. Glad you're interested. I'm looking forward to see you there. I'm not familiar with Fokler, any link so I can check it out?

if I may know why domain use XYz ?

Because http://ABC.xyz

what is the problem with that? .XYZ is TLD, same as .com, .net. Google's parent company is starting to use abc.xyz.

I've seen like this but I forgot  but ok look better one question
Whether to participate I must have the funds in an account? or I could pay it after I winner ? just want to make sure before I joined

kk well I'm sure by holding moneypot it would be nice
hopefully attract gambling enthusiasts  ;D

I think he try to first test how this game concept will work without investing some good money from own pocket. From the fact that he is only using moneypot api you can be sure he is quite new to coding and this marketing things. bryankek can correct me if i am wrong.

Site is offline currently while I apply some major fixes.

I chose to use moneypot because of the wallet security they offer. Also, many users are already on moneypot. So its more of convenience actually

I have no idea why people are so prejudiced against .xyz domains. Did some scammy sites used this domain frequently or something in the past?
As you said this domain is no  different than any other already established domain. It is just new addition to the domain pool aimed to expand number of available domains.

I like the explanation from you

I apologize in advance,,I only ask,do not accuse the smell of lies,coz Bryan my friends  ;D

Autobid have been added, please read the original post, or how to play for updated rules and all

Hey guys, come on down and play, up to 100000 satoshis have been won by a single user in the past few hours :) come test your luck

Yesterday was crazy!! The pot went up to 0.02 BTC!! Also, to prevent abuse a new system have been added. The timer won't start ticking until a reserve has been met. Currently for the initial pot of 100 bits, the reserve will be met when the pot gets to about 500 or 600 bits.

As an opening promotion, I'll be on the site and if there are more than 10 players online, I will personally pump in the initial bids required to get the clock ticking. And I'll bow out after.

guys, come on down and play :D

Updated rules, updated pot. Come on down and play.