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Title: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on July 25, 2017, 10:50:34 AM the following happened not long ago
A Moneypot investor withdraw 103 BTC and I posted it when it happened https://bitcointalk.org/index.php?topic=1994708.msg20182491#msg20182491 (https://bitcointalk.org/index.php?topic=1994708.msg20182491#msg20182491) and I was wondering after 2-3 days the Bank Roll was back to 300+ so I thought it was a software glitch. Now we know what happened. A Moneypot Investor tried to withdraw 103 BTC but Moneypot refused to complete the withdrawal and claiming that they have a deal with the Investor that his investment will stay until December with the following condition: even though he had lost 35 Bitcoin as an investor with Moneypot, he would have to keep his funds there until he made the loss back or Moneypot would refund him in December. hmmm that is a really nice deal 35 BTC without any risk to lose! the question is what guarantee he received? did he receive a Bank Guarantee or only the word of MP owners? But how can MP owners promise him 35 BTC until December? Sorry but that doesnt sound very serious! where should those 35 BTC come from? from players? what if players will go on winning? last time someone claimed that MP cant pay the Investors the promised compensation right now because the BTC is 2.5k USD LOL ( stupid reason IMO) what if in December the BTC is 5k USD? I invested 16 BTC and lost 4 BTC and didnt get such a generous offer beside the empty promises to compensation. I feel Scammed where are the Investors who got such a generous offer from Moneypot? where are the Investors who got promised long ago the compensation like me and got a lot of air till now? P S Moneypot in the past complained that my answers were manipulating the voters :) Moneypot is welcome to propose some more answers and I will add those Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on July 26, 2017, 09:21:19 AM reserved
Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on July 27, 2017, 03:59:19 AM Please add: "The deal is not accurately described". Details aren't publicly disclosed, but it is not how it's described and did not affect any other players or investor. I will be glad to add your question but please give us the details and story of your side. thx I saw the withdrawal of the 100+ BTC so it looks that you didnt complete the withdrawal and fits to the story the Investor is claiming that MP did not let him withdraw. Title: Re: Moneypot Investors are invited to vote and speak up Post by: FXOpen on July 27, 2017, 04:07:16 AM MoneyPot is failing, it is clear to see. Was destined to end this way right when it was bought.
Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on July 27, 2017, 04:14:08 AM MoneyPot is failing, it is clear to see. Was destined to end this way right when it was bought. I sadly agree because this was exactly what our house saw coming after the first 3 month of actions of the new owners Title: Re: Moneypot Investors are invited to vote and speak up Post by: FXOpen on July 27, 2017, 04:20:27 AM MoneyPot is failing, it is clear to see. Was destined to end this way right when it was bought. I sadly agree because this was exactly what our house saw coming after the first 3 month of actions of the new owners Yup, its on a steep downhill slope. Will be complete irrelevant by the end of 2017 Title: Re: Moneypot Investors are invited to vote and speak up Post by: poordeveloper on July 27, 2017, 10:46:41 AM It is also important to add that most players consider all Moneypot sites the same. Their implementation is too obvious and even if the site owners made an effort to create a different site, it is mostly "yet another Moneypot site".
Had it been developed differently, it'd have been more successful. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on July 27, 2017, 12:04:24 PM It is also important to add that most players consider all Moneypot sites the same. Their implementation is too obvious and even if the site owners made an effort to create a different site, it is mostly "yet another Moneypot site". Had it been developed differently, it'd have been more successful. thx for your posting Had it been developed differently, it'd have been more successful. could you please give an example what you mean here? thx Title: Re: Moneypot Investors are invited to vote and speak up Post by: poordeveloper on July 27, 2017, 12:14:05 PM It is also important to add that most players consider all Moneypot sites the same. Their implementation is too obvious and even if the site owners made an effort to create a different site, it is mostly "yet another Moneypot site". Had it been developed differently, it'd have been more successful. thx for your posting Had it been developed differently, it'd have been more successful. could you please give an example what you mean here? thx They would have earned money anyway and the players would not feel they're always playing the same game. While I agree that for players the fact that a site is using Moneypot can be an assurance of safety, they tend to think "oh look, another Moneypot casino" when they see one. If you read the threads here on BitcoinTalk of any Moneypot sites you'll read several of these comments. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on July 27, 2017, 12:26:06 PM It is also important to add that most players consider all Moneypot sites the same. Their implementation is too obvious and even if the site owners made an effort to create a different site, it is mostly "yet another Moneypot site". Had it been developed differently, it'd have been more successful. thx for your posting Had it been developed differently, it'd have been more successful. could you please give an example what you mean here? thx They would have earned money anyway and the players would not feel they're always playing the same game. While I agree that for players the fact that a site is using Moneypot can be an assurance of safety, they tend to think "oh look, another Moneypot casino" when they see one. If you read the threads here on BitcoinTalk of any Moneypot sites you'll read several of these comments. thx for the explanation. IMO the MP business idea was a very good one. one mistake was to allow the untitled dice version to be implemented without any restrictions. Title: Re: Moneypot Investors are invited to vote and speak up Post by: Bitcoingiver on July 27, 2017, 01:30:59 PM For me with what I have read on this thread I think this is stealing by tricks because you didn't know the information about moneypot and thier tricks. I think this should also be a big warning to everybody. The big problem is that the investor is not even sure that moneypot is going to pay them by December.
Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on July 27, 2017, 02:01:13 PM For me with what I have read on this thread I think this is stealing by tricks because you didn't know the information about moneypot and thier tricks. I think this should also be a big warning to everybody. The big problem is that the investor is not even sure that moneypot is going to pay them by December. yes that is exactly what I thought. but to be fair we dont know if the Investor got a bank/fiat guarantee or an escrowed guarantee but here is what RHavar posted in regards to the problem and deal If I was an investor, I'd be pretty concerned. Promising returns strictly increases your risk, and largely defeats the purpose of an investor system. I think you guys have already promised investors a couple hundred bitcoin (?) after the incident last year; so unless you have some sort of cash injection -- solvency would seem to be a major concern. link https://bitcointalk.org/index.php?topic=1737934.msg20406071#msg20406071 (https://bitcointalk.org/index.php?topic=1737934.msg20406071#msg20406071) thx for your straight forward posting Title: Re: Moneypot Investors are invited to vote and speak up Post by: Wendigo on July 31, 2017, 06:02:53 PM Why is MoneyPot failing to generate profit? Not enough house edge or a lot of lucky gamblers?
Title: Re: Moneypot Investors are invited to vote and speak up Post by: Kakmakr on August 01, 2017, 07:01:48 AM It all depends on what the deal was between the parties, when the investment was done. If you did this with a proper contract, then you would have built in a exit clause to protect yourself. If either parties deviated from the original contract, then they would be in breach of contract and this could be taken to court.
The problem with contracts like this is, none of this can be contested. The Bitcoin gambling industry is still operating in the Wild West territory, where anything goes. You invest in these things with no protection or real recourse if something goes wrong. They are saying that they are operating from somewhere in Canada ??? Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 01, 2017, 08:25:30 AM Why is MoneyPot failing to generate profit? Not enough house edge or a lot of lucky gamblers? the answer is that there is enough house edge and Moneypot is earning but the investors not and that is very strange but also very clear sign that MP owners care in 1st place for them and not the investors a lot of lucky gamblers? yes LOL some are to lucky that it stinks and I dont need eeeth graphs to see this. next Dogedigital will attack me that I am spreading FUD but I have enough experience to see this and RHavar has also enough experience and just read back all what RHavar wrote regarding MP and Bank Roll management (Kelly) and all their empty promises they gave to the investors. the magic word for MP is TRANSPARENCY! I dont see it yet but I am always asking for it. the end is written on the wall (sadly because it was a great business idea but now in the wrong hands) It all depends on what the deal was between the parties, when the investment was done. If you did this with a proper contract, then you would have built in a exit clause to protect yourself. If either parties deviated from the original contract, then they would be in breach of contract and this could be taken to court. The problem with contracts like this is, none of this can be contested. The Bitcoin gambling industry is still operating in the Wild West territory, where anything goes. You invest in these things with no protection or real recourse if something goes wrong. They are saying that they are operating from somewhere in Canada ??? we dont know what contract they have and I only hope for the investor that he is well secured with his 103 BTC and that he gets his 35 BTC he lost but I as an investor would also like to get the guarantee he has and my loss back as all investors should get compensated as MP promised it. last stats Bankroll: 323,358,010 bits Wagered: 99,419,893,646 bits Investor Profit: -90,265,274 bits Bets: 1,184,510,230 just imagine the Bank Roll less 103 BTC ............... the max bet would be crippled again and soon we will see what MP owners have in their Bank Roll.......... Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 02, 2017, 01:32:40 PM please vote!
most voters feel scammed and fooled Dogedigital is missing on BCT forum since 27th July thats very strange and unusual for the most active MP owner Last Active: July 27, 2017, 09:05:27 PM https://bitcointalk.org/index.php?action=profile;u=315650 (https://bitcointalk.org/index.php?action=profile;u=315650) Title: Re: Moneypot Investors are invited to vote and speak up Post by: poordeveloper on August 05, 2017, 10:45:14 PM I have seen the post of Dogedigital above but there is no actual solution proposed on it.
Do they always just try to earn time (by replying vaguely) to have your coins for longer? If they're losing money, they should do something instead of just waiting and trying to avoid withdrawals for as long as possible. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 06, 2017, 04:17:43 AM I have seen the post of Dogedigital above but there is no actual solution proposed on it. Do they always just try to earn time (by replying vaguely) to have your coins for longer? If they're losing money, they should do something instead of just waiting and trying to avoid withdrawals for as long as possible. thx for your posting it is exactly as you pointed it out! Dogedigital is trying to win time! as you see his promise for the 103 Investment of an Investor +35 BTC loss to pay this amount in December is also just to win time latest in December Moneypot's Bank Roll will be less 103 or even more and guess what then? Moneypot needs to show strength and that would mean to compensate Investors now to bring back trust Title: Re: Moneypot Investors are invited to vote and speak up Post by: DarkDays on August 06, 2017, 04:22:01 AM I invested 16 BTC Didn't you get that money by stealing it from one of your players? Title: Re: Moneypot Investors are invited to vote and speak up Post by: Bitinity on August 06, 2017, 04:49:22 AM I invested 16 BTC Didn't you get that money by stealing it from one of your players? Never heard about it before and I do not find any accusations against him. If it is true, can you tell us how many btc have been stolen and why there is no one complaining it? I'm not in his side though, just so surprised to read your post about he stole money. Title: Re: Moneypot Investors are invited to vote and speak up Post by: RHavar on August 06, 2017, 04:54:38 AM Didn't you get that money by stealing it from one of your players? I don't think that's a fair assessment. As I recall (my memory might be off) is he had a high house edge casino where the user is trying to win X bitcoin. There's two ways to structure it: The first is the obvious: the user does a high edge bet where the user was trying to win X bitcoin. The second way is a bit more clever, you send a low-as-possible-edge bet to moneypot where the user is trying to win (X+N) and then if the user wins, "force tip" the N to the casino owner. From a players perspective both ways of doing it are identical, so the player isn't getting cheated. (The extra money actually comes from screwing with the commissions that MP charges, and minimizing the "fat" on the bet for investors). Back when I created/ran MP, I didn't really care because I never accepted any bets that weren't kelly compliant so it was still advantageous to investors; so really the worst case is just that I didn't make commissions, but considering the low volume that JPR did it wasn't an issue. The real problem though was with some of the later changes under the new ownership, they would accept bets up to a 3.33x kelly (irrc?). For anyone not familiar with the kelly stuff, any bet >2x kelly is actively harmful for investors (at least in terms of expected br growth). So the only way this is really sane is if you expect very little high kelly bets, and get a lot of extra publicity due to it (e.g. the max profit is higher). But the problem with JPRs style bets, is he effectively turned "good bets" into "bad bets" now. As I've mentioned a few times, I think the real fix was to make sure that the site never accepted >1x kelly bets and not muck around with any bandaid solutions. Although it definitely might make sense to stop JPRs "force tip" style of bets, because it's confusing to users and it's obviously intended to subverts the commission structure. -- So anyway, I don't think it's fair to call JPR a thief. But he's sure annoying as fuck, and should move on with his life. And regarding the thread, it's been >6 months since MP promised to pay back investors. I think the absolute least they could do is publish some pretty firm numbers to the people involved of how much they're going to pay them and in what sort of time frame. I understand it might take a few weeks, but it's now been months. If I held such a debt and made such promises, I would consider it my top priority. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 06, 2017, 05:26:19 AM Didn't you get that money by stealing it from one of your players? I don't think that's a fair assessment. As I recall (my memory might be off) is he had a high house edge casino where the user is trying to X bitcoin. There's two ways to structure it: The first is the obvious: the user does a high edge bet where the user was trying to win X bitcoin. The second way is a bit more clever, you send a low-as-possible-edge bet to moneypot where the user is trying to win (X+N) and then if the user wins, "force tip" the N to the casino owner. From a players perspective both ways of doing it are identical, so the player isn't getting cheated. (The extra money actually comes from screwing with the commissions that MP charges, and minimizing the "fat" on the bet for investors). Back when I created/ran MP, I didn't really care because I never accepted any bets that weren't kelly compliant so it was still advantageous to investors; so really the worst case is just that I didn't make commissions, but considering the low volume that JPR did it wasn't an issue. The real problem though was with some of the later changes under the new ownership, they would accept bets up to a 3.33x kelly (irrc?). For anyone not familiar with the kelly stuff, any bet >2x kelly is actively harmful for investors (at least in terms of expected br growth). So the only way this is really sane is if you expect very little high kelly bets, and get a lot of extra publicity due to it (e.g. the max profit is higher). But the problem with JPRs style bets, is he effectively turned "good bets" into "bad bets" now. As I've mentioned a few times, I think the real fix was to make sure that the site never accepted >1x kelly bets and not muck around with any bandaid solutions. Although it definitely might make sense to stop JPRs "force tip" style of bets, because it's confusing to users and it's obviously intended to subverts the commission structure. -- So anyway, I don't think it's fair to call JPR a thief. But he's sure annoying as fuck, and should move on with his life. And regarding the thread, it's been >6 months since MP promised to pay back investors. I think the absolute least they could do is publish some pretty firm numbers to the people involved of how much they're going to pay them and in what sort of time frame. I understand it might take a few weeks, but it's now been months. If I held such a debt and made such promises, I would consider it my top priority. thx for your posting I just quoted it so you can't delete it I will answer later in the day as soon I have more time Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 06, 2017, 10:03:31 AM I invested 16 BTC Didn't you get that money by stealing it from one of your players? hey DarkDays or should I call you joksim (your other account)? even MP owner Ranlo confirmed that we did not steal any money because we are smart enough to write all our rules on the wall like FAQs or BCT posts. we are TRANSPARENT not like Moneypot trying to hide and mislead users and Investors Why didnt any winner accused us that we stole from him? because we didnt! why are you claiming we stole from the winner? are you NotTardy the big winner? guess why NotTardy didnt accuse us that we stole from him? because he stole the big win! easy as that just go back and read Ranlo's posting and also read RHavar posting above. (fingers crossed that those postings are still there) and if you will again write we stole users money I will say with the same words as MP owner AcoinL aka Rango aka Matt aka Blacksheep and more enjoy the Red! don't forget to check later my answer to RHavar's last posting edit check Ranlo's answer again in case you didnt read it https://bitcointalk.org/index.php?topic=1366689.msg14590590#msg14590590 (https://bitcointalk.org/index.php?topic=1366689.msg14590590#msg14590590) and here mine https://bitcointalk.org/index.php?topic=1366689.msg14592338#msg14592338 (https://bitcointalk.org/index.php?topic=1366689.msg14592338#msg14592338) enjoy the red Title: Re: Moneypot Investors are invited to vote and speak up Post by: jpcfan on August 06, 2017, 12:20:54 PM don't know if you know this. you sig links. sends people to site offline page. should maybe update sig
Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 06, 2017, 01:48:24 PM don't know if you know this. you sig links. sends people to site offline page. should maybe update sig thx for the info. the dev will fix it :) Title: Re: Moneypot Investors are invited to vote and speak up Post by: DarkDays on August 06, 2017, 06:05:34 PM The second way is a bit more clever, you send a low-as-possible-edge bet to moneypot where the user is trying to win (X+N) and then if the user wins, "force tip" the N to the casino owner. That's why I asked, there are so many shady people on these forums it's hard to keep track. I would say that having a player win a jackpot and force that player to give you 20BTC+ is quite shady and should call into question that person's character. Especially when your site was already running at a 25% house edge. But you're right, he is annoying as fuck. Sometimes I just can't help myself. Title: Re: Moneypot Investors are invited to vote and speak up Post by: joksim299 on August 06, 2017, 10:17:48 PM I invested 16 BTC Didn't you get that money by stealing it from one of your players? hey DarkDays or should I call you joksim (your other account)? He is my alt. Nice discovery. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 07, 2017, 08:35:16 PM Didn't you get that money by stealing it from one of your players? I don't think that's a fair assessment. As I recall (my memory might be off) is he had a high house edge casino where the user is trying to X bitcoin. There's two ways to structure it: The first is the obvious: the user does a high edge bet where the user was trying to win X bitcoin. The second way is a bit more clever, you send a low-as-possible-edge bet to moneypot where the user is trying to win (X+N) and then if the user wins, "force tip" the N to the casino owner. From a players perspective both ways of doing it are identical, so the player isn't getting cheated. (The extra money actually comes from screwing with the commissions that MP charges, and minimizing the "fat" on the bet for investors). please let me explain we had no high House Edge Casino but we had a Lottery game with an House Edge of 9.22% all details and Rules were clearly published as it was when you were the owner we published the rules and we never stole any coins we took 10% from the Winner Jackpot for chat rain and our players were very happy with that because most JP winners didnt give a lot chat rain and a very good example is the big winner who gave 0.25 BTC for chat rain and we gave 8 BTC chat rain we took 10% from the Winner Jackpot for the Affiliates check those postings https://bitcointalk.org/index.php?topic=1366689.msg14590590#msg14590590 (https://bitcointalk.org/index.php?topic=1366689.msg14590590#msg14590590) https://bitcointalk.org/index.php?topic=1366689.msg14592338#msg14592338 (https://bitcointalk.org/index.php?topic=1366689.msg14592338#msg14592338) at the start we had a nice additional price for the JP Winner and gave them RBIES because we thought MP will implement RBIES (but they didnt and we stopped this price promo) Quote Back when I created/ran MP, I didn't really care because I never accepted any bets that weren't kelly compliant so it was still advantageous to investors; so really the worst case is just that I didn't make commissions, but considering the low volume that JPR did it wasn't an issue. The real problem though was with some of the later changes under the new ownership, they would accept bets up to a 3.33x kelly (irrc?). For anyone not familiar with the kelly stuff, any bet >2x kelly is actively harmful for investors (at least in terms of expected br growth). So the only way this is really sane is if you expect very little high kelly bets, and get a lot of extra publicity due to it (e.g. the max profit is higher). But the problem with JPRs style bets, is he effectively turned "good bets" into "bad bets" now. please let me also explain here very soon after you sold MP to new owners it was clear that they had no clue about Kelly Criterion but they didnt admit it even till today.( IMHO you never should have sold MP to this group because you promised to check the new buyer inside out and you should have understand that they have no clue because they are gamblers and even didnt have the money and needed to borrow the money to buy MP. (yes I know you can do whatever you like with your property) our Lottery had a House Edge of 9.22% let me ask you how much could a player win max at a game with 9.22% HE with a 1000 bits bet in case you have 1x kelly and 1000 BTC Bank Roll? maybe you mistakenly thought we offered the plinko with a risk of 85% of the BR and you wrote somewhere that it is ok with Kelly ( please correct me if I am wrong but I can try to search for the plinko discussion) I would say that you are wrong by saying the problem with JPRs style bets, is he effectively turned "good bets" into "bad bets" now. Quote As I've mentioned a few times, I think the real fix was to make sure that the site never accepted >1x kelly bets and not muck around with any bandaid solutions. Although it definitely might make sense to stop JPRs "force tip" style of bets, because it's confusing to users and it's obviously intended to subverts the commission structure. agree with band aid solutions but thats only because MP owners dont know the KC and are looking for quick profit (their own profit) they never should stop the forced tipping and never take off the faucet and it was never intended to subvert the commission structure. please remember that we handled it this way from the start when MP was in your hands. now I have a chance to ask you and MP owners who received the about 8 BTC accumulated Jackpot amount in our Racer game? yes about 8 BTC! where are those? you sold MP to the new owners but did you give them the about 6 BTC accumulated Jackpot amount (the correct amount could be checked)? because lets assume the 2 big players in those times could have hit the Jackpot and the new owners would need to pay out. that means that if you didnt give this sum over to new owners the Investors or the new owners would have to pay out of their pocket and that would not have been fair. now the question for the new MP owners: as the Jackpot accumulated later to about 8 BTC with the help of the big players Molloype and Jseonline and we closed the app not long ago I am asking where are those 8 BTC? did you keep those 8 BTC? Quote So anyway, I don't think it's fair to call JPR a thief. But he's sure annoying as fuck, and should move on with his life. And regarding the thread, it's been >6 months since MP promised to pay back investors. I think the absolute least they could do is publish some pretty firm numbers to the people involved of how much they're going to pay them and in what sort of time frame. I understand it might take a few weeks, but it's now been months. If I held such a debt and made such promises, I would consider it my top priority. I am not annoying as fuck but all the sig spammers that follow you and the new MP owners deep in your A** I didnt tell you what to do with your life so please dont tell me what to do. I will defend myself against anyone and you can spare your comments like annoying as fuck or toxic because it fits to you or did you forget when you gave BetterBets the preferred treatment and even loans or you defended the racist @yahoo without knowing the reason of the dispute? you guys are toxic and not me. or do you think it will help Dogedigital to write that I spread FUD and he is only saying this because he doesnt want to full fill his promise he gave to the Investors long ago. you (RHavar) know very well that I am right and sure I am annoying because I dont let the new MP owners spread their FUD and false promises. anyway thx for the posting and to give me the chance to answer and to give my point of view Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 07, 2017, 08:46:55 PM The second way is a bit more clever, you send a low-as-possible-edge bet to moneypot where the user is trying to win (X+N) and then if the user wins, "force tip" the N to the casino owner. That's why I asked, there are so many shady people on these forums it's hard to keep track. I would say that having a player win a jackpot and force that player to give you 20BTC+ is quite shady and should call into question that person's character. Especially when your site was already running at a 25% house edge. But you're right, he is annoying as fuck. Sometimes I just can't help myself. hey joksim I told you to read our FAQs and About because all was written there and every player knew the rules and accepted it with pleasure. we did not have 25% HE please stop spreading FUD ( I love this word) did NotTardy complain? please link me let me something funny that happened on this big win day :) NotTardy came to our app and he knew exactly what he wants and I smelled that something is wrong with this guy. he came straight to the app and chat and asked me for the double ride promo. but he did a mistake cause he wanted the double ride and knew that I cant double his ride cause he wagered max (900 bits) according to the Bank Roll on that day I declined the double ride cause it would not be fair to ride also with 900 bits and not as the promo was with 1800 bits can you imagine if I would accept the promo ride with him and we would split his big win? LOL what would you say? I am sure he would not split with me and that was the reason I declined the promo ride. but today I regret it that I didnt do the ride :) even he wouldnt split with me :) joksim you are annoying as fuck - toxic - and go on with your life LOL Title: Re: Moneypot Investors are invited to vote and speak up Post by: DarkDays on August 08, 2017, 07:22:11 PM The forced tip feature circumvented a mixture of the Moneypot commission and/or the investor's house edge. You ended up in the possession of some or most of the funds from the forced tips. Oh look, it's exactly what I was saying. Cue another mentally unstable screed about how I am also Dogedigital and stealing money from player's wins is really a good thing. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 08, 2017, 07:41:09 PM The forced tip feature circumvented a mixture of the Moneypot commission and/or the investor's house edge. You ended up in the possession of some or most of the funds from the forced tips. Oh look, it's exactly what I was saying. Cue another mentally unstable screed about how I am also Dogedigital and stealing money from player's wins is really a good thing. and I thought my english is bad. Dogedigital is the biggest FUDDER IMO and clown as RHavar wrote. Dogedigital thinks his lies will save Moneypot. it will not and time will tell as always Title: Re: Moneypot Investors are invited to vote and speak up Post by: actmyname on August 08, 2017, 07:46:54 PM Source?
Dogedigital is the biggest FUDDER IMO and clown as RHavar wrote. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 08, 2017, 07:49:23 PM The forced tip feature circumvented a mixture of the Moneypot commission and/or the investor's house edge. You ended up in the possession of some or most of the funds from the forced tips. Your site was a net negative for Moneypot. It cost us more than we made from processing the bets. Our biggest investors spoke out quite clearly about your app and had zero interest in backing it. We do take responsibility for having a 3.33x Kelly (although many investors preferred it that way). We aren't as well versed as Ryan concerning Kelly Criterion, but we aren't completely clueless about it either. I am not sure what you are referring to with the 8 BTC. Although I wasn't part of the original purchasing team, I can say that you have a lot of information and details wrong. Please stop assuming or guessing. Moneypot was always a long term play. We ended up forgoing any commission in the first few months and today have zero commission as well. I have worked several hours for a year with no salary. I haven't received any dividend directly from Moneypot. I have invested a large sum of personal funds into Moneypot. A 'quick profit' was never the goal and I find it very offensive that you believe that. I have contact with all our biggest investors. You are not currently invested in Moneypot. I wish you would stop trying to speak for them. Granted it hasn't been the smoothest ride, but we are constantly working on making this all work. Also, now that we have a more accurate timeline of completion, we can now tell you that soon = before end of the month for V2 & Rubies. Dogedigital you are an armor plated Liar! you should stop fudding and to spread lies. I agreed with captain that he is angry that he couldnt withdraw. so I am the fudder LOL and he is the nice guy even he said the same as me! come on get real! You are holding back Investors money! it is time to pay your debts! 4 MP partners and no one could answer here in forum? you were in the USA and it was terrible insecure to connect to BCT forum huh? Rango lost his phone huh? this is the most stupid reasoning I have heard that he cant connect to BCT forum. Ranlo is off! come on Ranlo was very busy online in other threads this is FUD! . where are the * BTC of our accumulated Jackpot? you dont know what I am talking about? thx for the laugh because it is your business and you should know our app and the Jackpot. 8 BTC Jackpot mostly accumulated by Molloype, Jseonline and bitcoingg. you can try to fool your customers but you cant fool me. you should know that your Bank Roll is 321 BTC and you are talking about a big investor and you invested also a lot! in december you need to pay back 138 BTC ! just deduct this and explain where is another big investor? do you really think v2 will save you? or RBIES? No Way, trust me how many players are left? and those who are left are complaining! Jackpotracer was top 3 app of 1000+ apps and you are telling me that Jackpotracer was negative for Moneypot? LOL we brought many new users to MP paid with our money and promos and you cant deny this but I can show you many apps which were negative but you didnt care because you owned some which app is earning money right now? I am talking about real money and not peanuts Get Real! or MP will be soon history and not because of Jackpotracer but because of you 3 Musketeers Title: Re: Moneypot Investors are invited to vote and speak up Post by: RHavar on August 08, 2017, 08:20:51 PM You constantly harassed us and all of our developers, bringing them to the point of wanting to quit. Plenty of App Owners were extremely put off with any interaction with you or any affiliation with your site and your site is not profitable for us or you if you didn't include the forced tip option. Can confirm 8) He's quite possibly one of the most unpleasant people I've dealt with before. I'm really not sure why he doesn't just use his energy for something more productive, it's not that much work to process payments using bitcoin and he could have his site up and running again and do things exactly how he likes with no restrictions. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 08, 2017, 08:36:34 PM You constantly harassed us and all of our developers, bringing them to the point of wanting to quit. Plenty of App Owners were extremely put off with any interaction with you or any affiliation with your site and your site is not profitable for us or you if you didn't include the forced tip option. Can confirm 8) He's quite possibly one of the most unpleasant people I've dealt with before. I'm really not sure why he doesn't just use his energy for something more productive, it's not that much work to process payments using bitcoin and he could have his site up and running again and do things exactly how he likes with no restrictions. and I confirm that you said that Dogedigital is behaving like a clown and he is still behaving like a clown and liar and he really thinks he and MP will survive with v2 and RBIES (thx for the laugh) and RHavar thinks he needs to support the clown because he sold MP to a bunch of clowns RHavar also from you I want to have an explanation where the part of the 8 BTC Jackpot disappeared? if you didnt give over a part of it when you sold MP then you and your investors kept it. and if you gave it over to MP new owners then the new owners have it and as I said before you and the Doge clan cant tell me what to do because I didnt tell you what to do and I dont like dictatorship. be smart and dont try it (at least with me) and by the way how many times as MP owner did you lose your phone or have been in a country like the USA and you could not connect to BCT forum or slack in case users asked for help? I know the answer and therefore you are right that Doge is a clown and I even will go so far to say that MP owners are a bunch of clowns thx again for your posting Title: Re: Moneypot Investors are invited to vote and speak up Post by: rortan75 on August 08, 2017, 08:44:39 PM MoneyPot is failing, it is clear to see. Was destined to end this way right when it was bought. yes I agree but no one knows may be they boost up. Title: Re: Moneypot Investors are invited to vote and speak up Post by: RHavar on August 08, 2017, 08:52:50 PM RHavar also from you I want to have an explanation where the part of the 8 BTC Jackpot disappeared? if you didnt give over a part of it when you sold MP then you and your investors kept it. and if you gave it over to MP new owners then the new owners have it I have no idea of what jackpot you are speaking of Title: Re: Moneypot Investors are invited to vote and speak up Post by: stepwilli on August 09, 2017, 06:50:08 AM The forced tip feature circumvented a mixture of the Moneypot commission and/or the investor's house edge. You ended up in the possession of some or most of the funds from the forced tips. From my own point of view, I think this guy is getting scammed. Wait, the report said that Moneypot has about 2.5k worth of BTC remaining (please correct me if am wrong) and promised to pay this guy up to 35 BTC. How do you think that is possible? Or are they planning to thwart everything, maybe scam others and make them lose just to get some BTC to pay the so called lucky guy ?Your site was a net negative for Moneypot. It cost us more than we made from processing the bets. Our biggest investors spoke out quite clearly about your app and had zero interest in backing it. We do take responsibility for having a 3.33x Kelly (although many investors preferred it that way). We aren't as well versed as Ryan concerning Kelly Criterion, but we aren't completely clueless about it either. I am not sure what you are referring to with the 8 BTC. Although I wasn't part of the original purchasing team, I can say that you have a lot of information and details wrong. Please stop assuming or guessing. Moneypot was always a long term play. We ended up forgoing any commission in the first few months and today have zero commission as well. I have worked several hours for a year with no salary. I haven't received any dividend directly from Moneypot. I have invested a large sum of personal funds into Moneypot. A 'quick profit' was never the goal and I find it very offensive that you believe that. I have contact with all our biggest investors. You are not currently invested in Moneypot. I wish you would stop trying to speak for them. Granted it hasn't been the smoothest ride, but we are constantly working on making this all work. Also, now that we have a more accurate timeline of completion, we can now tell you that soon = before end of the month for V2 & Rubies. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 09, 2017, 01:11:02 PM The forced tip feature circumvented a mixture of the Moneypot commission and/or the investor's house edge. You ended up in the possession of some or most of the funds from the forced tips. From my own point of view, I think this guy is getting scammed. Wait, the report said that Moneypot has about 2.5k worth of BTC remaining (please correct me if am wrong) and promised to pay this guy up to 35 BTC. How do you think that is possible? Or are they planning to thwart everything, maybe scam others and make them lose just to get some BTC to pay the so called lucky guy ?Your site was a net negative for Moneypot. It cost us more than we made from processing the bets. Our biggest investors spoke out quite clearly about your app and had zero interest in backing it. We do take responsibility for having a 3.33x Kelly (although many investors preferred it that way). We aren't as well versed as Ryan concerning Kelly Criterion, but we aren't completely clueless about it either. I am not sure what you are referring to with the 8 BTC. Although I wasn't part of the original purchasing team, I can say that you have a lot of information and details wrong. Please stop assuming or guessing. Moneypot was always a long term play. We ended up forgoing any commission in the first few months and today have zero commission as well. I have worked several hours for a year with no salary. I haven't received any dividend directly from Moneypot. I have invested a large sum of personal funds into Moneypot. A 'quick profit' was never the goal and I find it very offensive that you believe that. I have contact with all our biggest investors. You are not currently invested in Moneypot. I wish you would stop trying to speak for them. Granted it hasn't been the smoothest ride, but we are constantly working on making this all work. Also, now that we have a more accurate timeline of completion, we can now tell you that soon = before end of the month for V2 & Rubies. it looks that you have the numbers wrong right now the Moneypot Bank Roll is about 321 BTC Moneypot promised the Investor to pay him back the investment of 103 BTC and the 35 BTC in December in case he did not earn the 35 BTC he lost all your other options are thinkable and possible because it is a lot of money that MP owners promised to this one Investor and they still have promised to compensate some more losses to some more Investors Title: Re: Moneypot Investors are invited to vote and speak up Post by: RHavar on August 09, 2017, 04:12:44 PM @JPR can you please clarify what you are talking about:
RHavar also from you I want to have an explanation where the part of the 8 BTC Jackpot disappeared? if you didnt give over a part of it when you sold MP then you and your investors kept it. and if you gave it over to MP new owners then the new owners have it You seem to be implying that I embezzled funds or something of the sort. I would like the chance to show that such a thing is nonsense, but I literally have no idea of what you are talking about or have any memory of a jackpot or anything of the sort. Title: Re: Moneypot Investors are invited to vote and speak up Post by: DarkDays on August 09, 2017, 04:59:40 PM The forced tip feature circumvented a mixture of the Moneypot commission and/or the investor's house edge. You ended up in the possession of some or most of the funds from the forced tips. Oh look, it's exactly what I was saying. Cue another mentally unstable screed about how I am also Dogedigital and stealing money from player's wins is really a good thing. and I thought my english is bad. Dogedigital is the biggest FUDDER IMO and clown as RHavar wrote. Dogedigital thinks his lies will save Moneypot. it will not and time will tell as always ^ nailed it Jackpotracer dust lottery was by and far a damaging product for us. You constantly harassed us and all of our developers, bringing them to the point of wanting to quit. Plenty of App Owners were extremely put off with any interaction with you or any affiliation with your site and your site is not profitable for us or you if you didn't include the forced tip option. It's funny that we gave you an answer about when V2 is and you don't care about it but were screaming about it 24/7 earlier. Why? Because you only care about spreading FUD about us. You get an idea into your head and you run with it to make us look bad but never adjust to what's being said or what's presented and there's absolutely no changing your mind. It's destructive for both of us. Can confirm 8) He's quite possibly one of the most unpleasant people I've dealt with before. Quoted for posterity. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 11, 2017, 07:35:45 AM @JPR can you please clarify what you are talking about: RHavar also from you I want to have an explanation where the part of the 8 BTC Jackpot disappeared? if you didnt give over a part of it when you sold MP then you and your investors kept it. and if you gave it over to MP new owners then the new owners have it You seem to be implying that I embezzled funds or something of the sort. I would like the chance to show that such a thing is nonsense, but I literally have no idea of what you are talking about or have any memory of a jackpot or anything of the sort. I soon explain to you and to Doge what I mean regarding the missing 8 BTC Jackpot in the meantime please be so kind to answer my question I asked in another posting our Lottery had a House Edge of 9.22% let me ask you how much could a player win max at a game with 9.22% HE with a 1000 bits bet in case you have 1x kelly and 1000 BTC Bank Roll? Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 11, 2017, 01:33:55 PM @JPR can you please clarify what you are talking about: RHavar also from you I want to have an explanation where the part of the 8 BTC Jackpot disappeared? if you didnt give over a part of it when you sold MP then you and your investors kept it. and if you gave it over to MP new owners then the new owners have it You seem to be implying that I embezzled funds or something of the sort. I would like the chance to show that such a thing is nonsense, but I literally have no idea of what you are talking about or have any memory of a jackpot or anything of the sort. first of all let me saying it again I don't fight you or anyone I am just posting my opinion but you and some other guys here are attacking me and I will always defend myself I am asking questions to get straight forward answers thats all. as long you guys are not telling lies and not bullshitting I am fine and that I am unpleasant thats fine for me because I see the truth hurts! I also know that you are smart enough to know that I am right with what I am saying and you often confirming it and then sometimes delete it :) now lets see if you remember our racer game with the unique Jackpot in those times. you called it "Ingenious" and we were very proud to hear it from you the MP owner. as I understood you also tried to code it for MP and new MP owners not long ago completed the coding and added it to their API it looked like this https://i.imgur.com/1UvFW0w.jpg link https://bitcointalk.org/index.php?topic=1110445.msg12028510#msg12028510 (https://bitcointalk.org/index.php?topic=1110445.msg12028510#msg12028510) the Jackpot was coded that 1% and more was going to MP or/and investors to payout in case a Jackpot is hit. in case a whale was playing ( and there were some) the %age was higher than 1% and it went to MP or/and investors. that was the reason that the JP accumulated to about 8 BTC on 23rd of Decmeber the JP was https://i.imgur.com/RBR4hPY.jpg link https://bitcointalk.org/index.php?topic=1110445.msg13340327#msg13340327 (https://bitcointalk.org/index.php?topic=1110445.msg13340327#msg13340327) I am not sure when the MP sale was finalized but you will know the date best a user posted this on the 30th of December ( Jackpot accumulated to 4.7 BTC) https://i.imgur.com/ukMtE47.jpg link https://bitcointalk.org/index.php?topic=1110445.msg13402461#msg13402461 (https://bitcointalk.org/index.php?topic=1110445.msg13402461#msg13402461) on April 04 2016 the JP was 7.78 BTC and when we closed the JP was above 8 BTC lets say in December 2015 when you sold MP the JP was about 5 BTC. did you gave those 5 BTC on to the new owner so in case the JP is hit they could pay it out? I mean they would need to pay it even out of their own pocket if the JP would have been hit after the sale. and my question to Dogedigital: where are those 8 BTC? we didn't ge it but you or/and the investors must have pocket it. you are blaming Jackpotracer app has cost you guys a lot LOL what a nice laugh. we brought many customers to MP and coins! I hope this helped to understand my question before Title: Re: Moneypot Investors are invited to vote and speak up Post by: RHavar on August 12, 2017, 05:46:03 AM Holy shit. JackpotRacer you're a certifiable idiot.
I am asking questions to get straight forward answers thats all. as long you guys are not telling lies and not bullshitting I am fine and that I am unpleasant thats fine for me because I see the truth hurts! I also know that you are smart enough to know that I am right with what I am saying and you often confirming it and then sometimes delete it :) I've deleted some of my posts in the past because I was too much of an asshole, which I tend to always regret. But don't worry, I've carefully reviewed the tone of this one to make sure I wouldn't say anything I could possibly regret. Quote now lets see if you remember our racer game with the unique Jackpot in those times. you called it "Ingenious" and we were very proud to hear it from you the MP owner. as I understood you also tried to code it for MP and new MP owners not long ago completed the coding and added it to their API I do not remember any of these events. But for the record I have not been involved in MP in any capacity ever since I sold it. However the JPR game just used the standard MP api which was there from day 1. Quote lets say in December 2015 when you sold MP the JP was about 5 BTC. did you gave those 5 BTC on to the new owner so in case the JP is hit they could pay it out? I mean they would need to pay it even out of their own pocket if the JP would have been hit after the sale. For a moment I was a bit confused. I thought you must have bought the JPR account considering you don't even know how your own app worked. But then it wouldn't explain how two different people could be so annoying, so I guess the simple explanation is you're just a moron who literally forgot how his own app worked. The jackpot funds never exited. It was an illusion. Each bet had 3 outcomes: WIN (normal), LOSE, HIT JACKPOT. The probabilities and payouts were designed such that it was always +EV and +EBG from MP's perspective. (e.g. a player might make a bet that has a 49% chance of making 0.1 BTC, ~51% of 0.1 BTC, and a 1 in million chance of hitting a 10 BTC jackpot). Then to make the "JACKPOT" win part look more impressive, your app would continually increase the size of the jackpot (while decreasing the probability of winning it) to maintain a neutral EV (which iirc was around ~0.01x of what the person wagered). If you don't believe me, look up the bet id of one of the old bets and look at the multiple outcomes and probabilities and EV. So next time you want to imply I stole money, you should do so for money that actually existed. If you feel like apologizing, that would be appreciated. Quote I hope this helped to understand my question before It indeed did. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 12, 2017, 11:38:15 AM Holy shit. JackpotRacer you're a certifiable idiot. I am asking questions to get straight forward answers thats all. as long you guys are not telling lies and not bullshitting I am fine and that I am unpleasant thats fine for me because I see the truth hurts! I also know that you are smart enough to know that I am right with what I am saying and you often confirming it and then sometimes delete it :) I've deleted some of my posts in the past because I was too much of an asshole, which I tend to always regret. But don't worry, I've carefully reviewed the tone of this one to make sure I wouldn't say anything I could possibly regret. Quote now lets see if you remember our racer game with the unique Jackpot in those times. you called it "Ingenious" and we were very proud to hear it from you the MP owner. as I understood you also tried to code it for MP and new MP owners not long ago completed the coding and added it to their API I do not remember any of these events. But for the record I have not been involved in MP in any capacity ever since I sold it. However the JPR game just used the standard MP api which was there from day 1. Quote lets say in December 2015 when you sold MP the JP was about 5 BTC. did you gave those 5 BTC on to the new owner so in case the JP is hit they could pay it out? I mean they would need to pay it even out of their own pocket if the JP would have been hit after the sale. For a moment I was a bit confused. I thought you must have bought the JPR account considering you don't even know how your own app worked. But then it wouldn't explain how two different people could be so annoying, so I guess the simple explanation is you're just a moron who literally forgot how his own app worked. The jackpot funds never exited. It was an illusion. Each bet had 3 outcomes: WIN (normal), LOSE, HIT JACKPOT. The probabilities and payouts were designed such that it was always +EV and +EBG from MP's perspective. (e.g. a player might make a bet that has a 49% chance of making 0.1 BTC, ~51% of 0.1 BTC, and a 1 in million chance of hitting a 10 BTC jackpot). Then to make the "JACKPOT" win part look more impressive, your app would continually increase the size of the jackpot (while decreasing the probability of winning it) to maintain a neutral EV (which iirc was around ~0.01x of what the person wagered). If you don't believe me, look up the bet id of one of the old bets and look at the multiple outcomes and probabilities and EV. So next time you want to imply I stole money, you should do so for money that actually existed. If you feel like apologizing, that would be appreciated. Quote I hope this helped to understand my question before It indeed did. ok if you want to go on like this then I tell you that the IDIOT and MORON is YOU! if you dont remember just sit quiet and do the DD and then talk! you even admitting that you dont remember and saying the Jackpot amount was an illusion is telling me that you are same clown as Dogedigital and even worse cause it was never an illusion and proof is that many hit the Jackpot with the same chance if it was for 1 bit or 1000 bits and the chance was always same but the amount of the Jackpot was different according to his wager amount. Quote The jackpot funds never exited. It was an illusion. Each bet had 3 outcomes: WIN (normal), LOSE, HIT JACKPOT. The probabilities and payouts were designed such that it was always +EV and +EBG from MP's perspective. (e.g. a player might make a bet that has a 49% chance of making 0.1 BTC, ~51% of 0.1 BTC, and a 1 in million chance of hitting a 10 BTC jackpot). we did this kind of Jackpot with the chance of xxx in yyy (I am taking x and y by purpose for now but the numbers are well known) and we didnt earn a satoshi of it. but in your own words you said that this is an ingenious idea to attract players. but if it is as you are describing it now then the players were fooled and had no chance to hit the Jackpot! be assured that we never would accept this kind of Jackpot because then we would cheat the players. but as you are saying/explaining it means you wanted to cheat the players! 1 in a million to hit our Jackpot????????????? LOL and I always respected you and your knowledge if it was the case then you or the new owners changed the chance of hitting the jackpot without telling us and this would be a CHEAT! the chance to hit the jackpot was clearly explained in our FAQs and ABOUT and we never lied to our players! we had whales playing and they easily could hit the 5-8 BTC Jackpot and you are telling me that the Jackpot amount never existed????????? what if Molloype hit the Jackpot are you telling me he would not be paid cause the Jackpot amount did not exist???? or are you telling him right now that he never had a chance to hit this Jackpot?????? because you or the new owner coded our Jackpot so it could not be hit? this STINKS! if you like or not! regarding apologizing it is your turn to apologize! JPR Jackpot 1 in a million chance LOOOOOOOOOOOOOOOOOOOOOOL you Moron prove it to me and I even dont need to apologize because this would prove that you and the new owners cheated all Racer game players and they should get their money back! how could you accept that we write in FAQs and About our Jackpot is a chance of xxx in yyy but it was 1 in a million??????? accepting this would make you a partner of a cheat you are saying we did! YOU DIDNT KNOW HOW OUR JACKPOT WORKED IN THOSE TIMES! you asked many times and asked for changes so the Investors will have a small share ( +EV) and we adjusted it accordingly. we know our apps very well but you didnt know all your apps because you didnt care to much because the more apps the more turnover and each app owner was a potential player :) and to be frank it was a good idea :) ............................................................ lets try now to refresh your brain a bit link https://bitcointalk.org/index.php?topic=1110445.msg11800954#msg11800954 (https://bitcointalk.org/index.php?topic=1110445.msg11800954#msg11800954) Interesting! Great seeing someone do something new with the MoneyPot API! Best of luck Actually, there is a much better way using the MoneyPot API. Because of the way you process jackpots manually, I actually think you have an extremely high risk of being -EV. Let's take a look at one of payout tables of the bets you're making:https://www.moneypot.com/bets/34410141 First of all, you can omit ranges with 0 payouts, as it's a bit redundant. I don't fully understand the mechanisms of your game but I'm going to assume in that bet, if the outcome lands between [0, 15342) they get the jackpot. However from the MoneyPot's perspective it's only configured to give them 111.97 bits. What you should do, is tell MoneyPot exactly what the jackpot is (e.g. if it's a small bet, 0.5 BTC or if it's a large bet 1 BTC) and if someone wins it, the jackpot money will come from investors and not you! As a side benefit, it'll force you to modify some of your payouts (or probabilities) so that they are overall +EV Best luck with your casino! Catch me on slack if you need any help or have any questions @Ryan .................................................. JPR answer link https://bitcointalk.org/index.php?topic=1110445.msg11801652#msg11801652 (https://bitcointalk.org/index.php?topic=1110445.msg11801652#msg11801652) @Ryan thank you for jumping in with your feedback. you wrote >>>However from the MoneyPot's perspective it's only configured to give them 111.97 bits.<<< please let me explain and for a more in depth explanation I will catch you on slack Smiley the user bet was 4 satoshis on horse 1 the jackpot is always adjusting to each wager up to to the 40k max Jackpot for example for a 1 sat wager is 0.00002799 Jackpot for example for a 2 sat wager is 0.00005599 Jackpot for example for a 4 sat wager as the example you gave shows will pay 0.00011197 the formula for the fair Jackpot payout is wager x 279936 x 1% = Jackpot chance to hit the Jackpot is 1 in 279936 as we take 1% for Jackpot payouts the correct and fair payout for a 4 sat wager if hitting the Jackpot is 0.00011197 please let me explain now the Jackpot for the max 40k sat wager 40k x 279936 x 1% = 1.119744 to compare it with a lottery it would be like a lottery OP with a chance of 279936 to win the only prize and a lottery ticket prize of 1$ should have a fair payout of 297936 $ without keeping any amount for him. but in general lottery OPs take down a nice percentage before paying out the main prize. I hope this makes sense. and if I missed something please let me know we could give higher max wager adjusting to MP BR but then we would need to redo the Jackpot math and payout. cheers ..................................... Ryan answer link https://bitcointalk.org/index.php?topic=1110445.msg11805588#msg11805588 (https://bitcointalk.org/index.php?topic=1110445.msg11805588#msg11805588) Ah, I see! Yeah, that makes sense. Well done =) ...................................................... JACKPOTRACER NEVER CHEATED THEIR FINE PLAYERS! WE posted our Rules very clear and understandable! enough for now! BTW why dont you answer my question? it is an easy KC question for a maths guy like you but maybe the answer could show that you are only talking BS when it is connected to JPR our Lottery had a House Edge of 9.22% let me ask you how much could a player win max at a game with 9.22% HE with a 1000 bits bet in case you have 1x kelly and 1000 BTC Bank Roll? Title: Re: Moneypot Investors are invited to vote and speak up Post by: RHavar on August 12, 2017, 02:16:26 PM you even admitting that you dont remember and saying the Jackpot amount was an illusion is telling me that you are same clown as Dogedigital and even worse cause it was never an illusion and proof is that many hit the Jackpot with the same chance if it was for 1 bit or 1000 bits and the chance was always same but the amount of the Jackpot was different according to his wager amount. The idea that there was a cumulative jackpot was an illusion. There was never funds set aside for that, just that each bet had a smaller-and-smaller chance of winning a bigger-and-bigger payout. From an EV perspective, it was always constant regardless the jackpot size or bet size. Each bet was always kelly-compliant so there was no need to put money aside for the jackpot. The payout just kept growing (with a smaller chance of winning) and was called a "jackpot" but was completely a arbitrary number, just an amount that could be won. You could make it anything (as long as the bet stayed kelly-compliant) Quote but if it is as you are describing it now then the players were fooled and had no chance to hit the Jackpot! be assured that we never would accept this kind of Jackpot because then we would cheat the players. but as you are saying/explaining it means you wanted to cheat the players! Players were not cheated, they had a chance of hitting the jackpot. Quote 1 in a million to hit our Jackpot????????????? LOL and I always respected you and your knowledge I was giving numbers for illustration. If you want to know the actual figures, go and look up one of the old best you made. The probability of hitting the jackpot is encoded in the bet as a payout. Quote if it was the case then you or the new owners changed the chance of hitting the jackpot without telling us and this would be a CHEAT! the chance to hit the jackpot was clearly explained in our FAQs and ABOUT and we never lied to our players! we had whales playing and they easily could hit the 5-8 BTC Jackpot and you are telling me that the Jackpot amount never existed????????? what if Molloype hit the Jackpot are you telling me he would not be paid cause the Jackpot amount did not exist???? or are you telling him right now that he never had a chance to hit this Jackpot?????? because you or the new owner coded our Jackpot so it could not be hit? this STINKS! if you like or not! Again, each bet had a certain chance of hitting the jackpot... It was completely provably fair, you can just look at the bet. Quote regarding apologizing it is your turn to apologize! JPR Jackpot 1 in a million chance LOOOOOOOOOOOOOOOOOOOOOOL you Moron Welcome to my ignore list. This will be the last time I see or reply to a message of yours. Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 12, 2017, 03:30:14 PM you even admitting that you dont remember and saying the Jackpot amount was an illusion is telling me that you are same clown as Dogedigital and even worse cause it was never an illusion and proof is that many hit the Jackpot with the same chance if it was for 1 bit or 1000 bits and the chance was always same but the amount of the Jackpot was different according to his wager amount. The idea that there was a cumulative jackpot was an illusion. There was never funds set aside for that, just that each bet had a smaller-and-smaller chance of winning a bigger-and-bigger payout. From an EV perspective, it was always constant regardless the jackpot size or bet size. Each bet was always kelly-compliant so there was no need to put money aside for the jackpot. The payout just kept growing (with a smaller chance of winning) and was called a "jackpot" but was completely a arbitrary number, just an amount that could be won. You could make it anything (as long as the bet stayed kelly-compliant) Quote but if it is as you are describing it now then the players were fooled and had no chance to hit the Jackpot! be assured that we never would accept this kind of Jackpot because then we would cheat the players. but as you are saying/explaining it means you wanted to cheat the players! Players were not cheated, they had a chance of hitting the jackpot. Quote 1 in a million to hit our Jackpot????????????? LOL and I always respected you and your knowledge I was giving numbers for illustration. If you want to know the actual figures, go and look up one of the old best you made. The probability of hitting the jackpot is encoded in the bet as a payout. Quote if it was the case then you or the new owners changed the chance of hitting the jackpot without telling us and this would be a CHEAT! the chance to hit the jackpot was clearly explained in our FAQs and ABOUT and we never lied to our players! we had whales playing and they easily could hit the 5-8 BTC Jackpot and you are telling me that the Jackpot amount never existed????????? what if Molloype hit the Jackpot are you telling me he would not be paid cause the Jackpot amount did not exist???? or are you telling him right now that he never had a chance to hit this Jackpot?????? because you or the new owner coded our Jackpot so it could not be hit? this STINKS! if you like or not! Again, each bet had a certain chance of hitting the jackpot... It was completely provably fair, you can just look at the bet. Quote regarding apologizing it is your turn to apologize! JPR Jackpot 1 in a million chance LOOOOOOOOOOOOOOOOOOOOOOL you Moron Welcome to my ignore list. This will be the last time I see or reply to a message of yours. I dont give you a chance to delete this posting! Title: Re: Moneypot Investors are invited to vote and speak up Post by: DarkDays on August 13, 2017, 05:54:08 AM Holy shit. JackpotRacer you're a certifiable idiot. Quote For a moment I was a bit confused. I thought you must have bought the JPR account considering you don't even know how your own app worked. But then it wouldn't explain how two different people could be so annoying, so I guess the simple explanation is you're just a moron who literally forgot how his own app worked. The truth about Moneypot becomes the truth about JPR. Title: Re: Moneypot Investors are invited to vote and speak up Post by: coingamblingreviews on August 18, 2017, 12:50:03 PM Glad I pulled out of this one early.
Would be much poorer if I didn't - https://bitcoingamblingreviews.com/bitcoin-gambling-investment/ :D Title: Re: Moneypot Investors are invited to vote and speak up Post by: JackpotRacer on August 18, 2017, 01:19:14 PM Glad I pulled out of this one early. Would be much poorer if I didn't - https://bitcoingamblingreviews.com/bitcoin-gambling-investment/ :D why did you pull out that early from Moneypot? |
