Bitcoin Forum

https://www.moneypot.com/

Regrettably, MoneyPot.com is for sale. We have had an amazing first 2 months and got considerable traction, we have had close to 10,000 accounts created with 16194 BTC wagered ($6.2M USD at current prices) over an amazing 2,395,963 plays (when you consider that each game lasts for ~20 seconds  or so).. Full statistics are available (https://www.moneypot.com/stats). We have prided ourselves on being extremely open, going so far as to open source (https://github.com/espringe/moneypot) the site under the terms of AGPLv3, a tradition we hope the new owners will continue.

Buying this site you will get:
  * The domain name: moneypot.com (which alone has attracted high-offers from companies baring the same name)
  * Full copyright assignment (We release under AGPLv3, but retain full copyright)
  * Control of all servers, email, accounts, database, data and miscellaneous
  * 1 month of my time to help a smooth transitions, and assist and work on anything you need (further than that, I will only be available on a contract basis)

You will not receive the sites bankroll or players deposits. This means you will be purchasing a site with an outstanding obligation to users. If there is no evidence of foul play for 6 months, then amount of money held in players accounts will be transferred to the new owner. This allows me to protect players by offering them a personal guarantee. And this allows the new owner to not worry about a massive user flight.


If anyone need any custom queries run, please let me know. Or if you would like access to the google analytics -- please PM me or email ( ericwspringer@gmail.com ) your google account.


 
Auction Details:

 The auction will close in 7 days from now (http://www.timeanddate.com/countdown/generic?iso=20141016T18&p0=92&fg1=9acd79&msg=Money+Pot+Auction+Close&swk=1) although any attempts to last-minute snipe will result in me extending the auction for enough time for other serious bidders to respond.

To place a bid, funds must be sent to an address controlled by Dooglus who will function as the escrow for the entire auction. Bids start at 20 BTC and must beat the current best bid by at least 10%. All losing or invalid bids [1] will be returned to the first sending address, so you must make sure that you control the addresses in question (i.e. don't send from shared wallet, coinbase or withdraw from a gambling site). All bids are final.

The winner of the auction will be required to use the sending address to send signed instructions on how to proceed with the transfer of the site. (Or forbidding so, prove they control the address)


[1] Dust transactions are a waste of everyones time, and will not be returned.


Thanks everyone! And let the bidding war commence.

Holy shit I can't believe this is happening!

Also to note, I am Moneypot's campaign manager, community manager, marketer, and advertiser! I am included in the bundle. Best of all, I am free to use, forever!

Also just to clarify, the new owner will get total control of all the accounts -- just when they get it, it will be empty. I will be using the current players balances to effectively act as an escrow betwen the old deposits and the new owners.

The 20 BTC also comes with a developer working on an Android app, though Mr. New Owner, we need to rework out how much you pay me.

Or whether you want it  8)

Do not deposit any bitcoins to them until Dooglus signs a message to show it is his.

This owner worked with Dice.Ninja a fair bit and it appears the could be possibly running.

I just have a question or 2 before I decide to bid.

You are going have control over the players money.

What stops you from running away with it all, or blaming something on the new owner a month down the road?

What happens if players have deposit/withdrawl issues?

What is stopping you from making a completely different name and site, then opening up another version of money pot.

What do you think is a viable bankroll that would support the variance in the site?

What is the monthly running cost of the site outside of gambling.

I call scam.

I understand you wanting to take the sites bankroll as if you included it then value of the auction would simply be higher by the amount of the bankroll.

To say that you will control the money owed to players is just crazy. There is nothing to stop you from running away with player's money after the site is sold. There is also nothing to stop you from artificially inflating the balance in players' accounts so the bidder would need to payout more money then they should. Not only would you running away with the players' money cause the highest bidder to have an increased liability but would also hurt the value of their website. 

I do too.

I think they are making their way to the door cause Dice.Ninja did.

DMF was involved with this site too from what I read in the troll boxes.

14vaf3D63XpfqEbM3LM8pMNB7mNoX4Xrd7

The address for the 'escrow' is also listed on a scam that just went poof.
Why would anyone bid by sending BTC, that's not an escrow at all.

List this on a true auction site like cryptothrift with escrow included.

Lots of red flags.

It seems to be confirmed here:


That this is really Dooglus' address ;)

Nice try wannabe Vod's xD, this isn't a scam. That is doog's address, and just because there have been scams lately, that doesn't prove shit. Show proof or don't post at all. False accusations are never nice to have in a section where you can't delete or edit posts.

What is a Vod and who is Doog(las)

no update was made to the other auction, just people saying it vanished.

You are not exactly reputable yourself. You received .2164 from someone that accidentally overpaid you on a trade then over a week later you were called out and it turns out that you had the money to repay the entire time.

See this thread: https://bitcointalk.org/index.php?topic=768276.0;all

I would say that anyone using candystripes as a manager is not trustworthy. I also call scam.

If you want to be trustworthy then you can either force users to withdraw their balance prior to the transfer of ownership and they can deposit funds back if they choose or to have a reputable escrow hold the coins with a much more detailed agreement as "6 months of no foul play" is very vague as many/most sites go through some kind of controversy.

Oh god. The timing of this isn't ideal. Let me clear things up:


a) I did not work with dmf "a fair bit". He invested 25 BTC in the site, I paid him back (a 7 BTC profit). End of story.

b) Dooglus just gave me an address controlled by him. It was an address that was previously supposed to be used for an escrow, but as you can tell, no money went through that address. It's an address that's never been used.


"To say that you will control the money owed to players is just crazy"

I just mean, that the current amount owed to players  (25 BTC) will not be part of the sale. I'll just hold that as insurance for people who played on my trust. If something goes wrong with the new operator, I'll use that 25 BTC to pay the current accounts.


Also Candy is not a manager, nor works in any official capacity. He suggested I run a sig campaign, I told him I didn't have enough time, he offered to run it for me.

Anything else? :P

Why do you sell it ?

lossing ?
Don't have a time to manage it ?

How many deposits are on the site? Your asking a lot for a bidder to spot the site balance. Users should have their balances returned, and they can decide if they want to redeposit under the new management or not. For all we know there could be 500BTC on the site, meaning a bidder would need to have 520BTC+ tied up for 6 months... Assuming you don't run off with the balance in the meantime.

"a) I did not work with dmf "a fair bit". He invested 25 BTC in the site, I paid him back (a 7 BTC profit). End of story.", you also have a link on your homepage saying "Or if real-time isn't for you give dice.ninja a try", so you are directly supporting their site.

Whats the site profit?

The stats are here: https://www.moneypot.com/stats

There has been a big run on the site (which I paid obviously) and the amount held as balances is now only: 23.53375427 BTC.  Compared to the amount of money the site has made and will make it's not a huge amount.


And yeah, I linked to dice.ninja and even recommended it as an investment place (as i had done so myself). I'm still hoping that the whole thing wasn't a scam, and considering the site isn't even operational -- I see no harm in leaving it for a little longer

1btc

(approved by E___ in MoneyPot troll box)

0.99 BTC

Just out of curiosity, why are you deciding to sell it?

I played the day it came out, and though it was not really my cup of BTC-gambling tea, it is definitely a unique gambling site in a sea of clones. I've never got any bad vibes from espringe personally, and have seen him handle problems with the site well and paid out all withdraws. However, I'm not going to mention the fact that dooglus trusts him, simply because he was wrong about DiceBitco.in (not just him though- many people were wrong). I would say espringe could most likely be trusted holding the investor funds, although 6 months is a long time. All sorts of accidents and such can happen in a time frame like that.

Also- I would have to agree with whoever said- "Return the players' money and let them decide if they want to trust the new owner or not." This seems to be the safest way of doing it. Has anyone asked any of the users with BTC deposited if they would be cool with someone else holding their BTC for 6 months?
In my opinion it sounds like espringe is trying to help the new owners stay relevant in the competitive world of BTC gambling.

I can sign a message with the address:


but I figure that just posting that it's my address is enough.

It's my address.

Tits.

Thanks doog and sorry if you lost any coinage today.

Way she goes :(

I've bid 1BTC on this after Eric said in the troll box that I could. If this is the highest bid at the end of the auction Eric doesn't have to sell it to me since I'm under his reserve.  I just wanted to set a base for this auction cause this is a cool site.  Eric has also agreed I can pay him USD via troll box, but I'll bid in terms of Bitcoin.

It's weird. I recently deposited 1 BTC to moneypot to have a bit of a gamble. I made a bunch of bets and eventually got it to 1.5 BTC then withdrew it. I withdrew by copy/pasting my most recent withdrawal address, which as it turned out happened to have been to my dice.ninja deposit address. I had forgotten that I withdrew directly from one site to the other, and had kind of "given up" dice, but now I had 1.5 BTC in a dice site, minus the transaction fee made it 1.4999 or something ugly.

So I played a few rolls, got up to 1.511111 or similar, and withdrew.

Then I checked that the withdrawal had hit my wallet, logged off and went about my day.

When I came back online hours later, moneypot is up for sale, dice.ninja is offline, and the world is once again changed (for the worse). :(

Other than my accidental deposit and play today, I've not used dice.ninja since I lost a bunch there to a silly martingale sequence. And removed them from my signature when they stopped their proof of solvency. Any site that isn't willing to prove solvency is somewhat suspicious, especially if they're holding investor coins.

Couple of typos:


"bearing"


"transistion" (singular)

I knew this was going to be a issue when I was posting on the forums about it days ago :-/ Good call on the signature pull.

Someone was saying they thought you lost 1000 coins.  I was thinking surely not, but you never know in this crazy fucking Bitcoin world.

Doog if I end up scraping up this site for cheap I'll of course tip you for your time. Thanks you for providing escrow bud.

Oh, what the hell.

1.01 BTC. This is my last bid.

I like to keep an open mind about people until they show they can't be trusted, but I didn't want to be actively promoting a site which used to prove their solvency and then actively chose to stop doing so "because coinbase".

I was invested for maybe 50 BTC at once point, but pulled out after a bad losing streak. If they had implemented "invest only" accounts I probably would have redeposited. (There's a tip for the next scam you guys pull...)

Eric told me once that he was being extorted by some guy who wanted to buy moneypot from him for $10k, so I guess there will be a bid for at least that much... maybe you'll have some competition.

As for what the site's worth, it's hard to say. The source is all open. Anyone can clone the site right now using the source available on github. So what you're bidding for is pretty much the domain name, the existing customer base, and Eric's support/training/whatever. The site is around 70 BTC in profit, and from what I remember just a few weeks ago it was barely breakeven. A site making 30 BTC per week has to be worth a pretty penny... :)

If I had the funds I would be bidding the 20 BTC minimum all day here but stipulations of another trusted member of the forum handling deposits/withdrawals if I would not be allowed to.

If it's making 30 BTC a week why is he selling though?  It's been asked a number of times by various members here but has never been addressed.

It's a valid question I think.

His family is being threatened and put in danger apparently. He regrets making his identity well known in the beginning to establish a sense of trust.

Someone has been harassing him in various ways: filing abuse reports to his host, DDoS'ing him, threatening him and his family, etc.

He thought it would inspire confidence in players if he was open about his identity, but some asshat has taken advantage of his good nature.

This is why we can't have nice things.

Was moneypot nice? I thought it was a shitty ass game.

I'm not sure what game you're confusing it with, but moneypot is not an ass game, it's a betting game where you try to predict the crash point, and cash out just ahead of it.

iv been speaking to Eric for about a week about either buying equity or possibly buying the site. When we first spoke he evaluated the company at an outrageous 250k, then a few days later he told me about a company offering him 100k cash and a gaming liscense and what not, but he told me it would mean he would still have to work for the company for salary but he would have to give ownership of moneypot to them. Now he is taking bids of 20 bitcoins for a possibility of selling money pot for just 20 bitcoins. Im a potential buyer but theres these inconsistencies that make weary of bidding. Why would any one turn down 100k, and salary??

Thats awfuly fucking fishy.

If you ask him, he will say it's been alot of work to run it just by himself, and it's become more than he wanted it to be. He just wants to let it go and start on something new. He did in fact get lucky winning all those coins in one week, he isn't guaranteed profit.

So basically he's selling a site which is nothing but problems, that is being attacked, and that has resulted in his own safety being put into question - as well as his family?

If he had an offer for 100k he should have taken it, if it was a real offer at all who knows. Someone above said the source is posted on Github, which means anyone could download and launch a similar service under a different name if they knew what they were doing.

Yea the game is different. But with bitcoin fads are here one day gone the next. Its only a matter of time before this site is old news and something new comes out that everyone runs to. Me personally I lost on Moneypots. Not a lot around .2 BTC, but still it didnt seem like anything more than a pick a number hope it hits that number game.

Not that I could afford to buy it, but that sounds like not a great thing to invest in. I mean basically it's buy my site, comes with attackers, hackers trying to ddos, people trying to harm me, thats crazy.

Just my thoughts on it... but who knows Im sure someone will buy it.

Its pretty telling he wont answer the above post even though he has seen it and commented on it elsewhere.

Eric isn't scamming. Eric isn't scamming. Eric isn't scamming. What do you guys not get? Unless you have proof please stop posting, as it's clogging up the thread with garbage.

Act mature and call out on someone if you have something to prove that Eric is 100% a scammer.

Which post?

Don't feed the trolls.

This post - Someone has a lot of explaining to do

Im not saying Eric is scamming, im actually giving him the benefit of a doubt, its the reason i registered for this site and posted. And the reason im still even interested in the site. I just need things cleared up before any actual funds are given to anyone. I think these are all valid topics and deserve the attention to be answered individually before anyone was to actually bid on a website with so much risk involved.

To me he seems very upfront about his website and who he is but then theres still a lot of questions that still needs to be answered

Circumstances change. You came to me, asking about buying the site. I said 250k, an amount I'd still accept. You countered with something less than the value of the used domain (before it even was used for anything), and unsurprisingly we did not reach an agreement.

A company with an existing gambling license said they would be prepared to pay in the order of 100k for a large percent of the equity, and I'd run it as a subsidiary of their (So their license can be used for it). The money would not go to me personally, but rather to the company. Even now, those are terms I would not be prepared to accept, as I'd be selling all my upsides while having to manage the whole thing.

If you put them in question format, I would be able to answer them for you.

In a nutshell. Buyer beware. On the flip side, it's had great growth, it's got a great user base, and it's made in one month more than the opening bid.

To anyone bidding, please read the rules and make sure you are bidding at least 10% more than the previous bid. The bid of 4 BTC is too low to be accepted, and will be returned to sender.

Note that I won't return any bids until the auction is over, and I will sum all bids from each sending address (only the first input of each transaction is to be considered "the sending address", so use coin-control to make sure all your bids come from the same place). The 4 BTC bid could be increased and end up winning, so I'll wait until the end before returning anything.

I definitely should have specified those terms in the original post, but as I can not edit it -- would it be overly burdensome to refund the losing bids prior to the end of the auction? If prior to a refunding happening, multiple bids come from the send 1st ending address they can be treated as a single bid. I'd hate for people to be mislead by what i wrote on the first page, unless they read an amendment on page three  (although really, I'm not sure they should be bidding if they can't get through three pages..)

http://blockchain.info/address/14vaf3D63XpfqEbM3LM8pMNB7mNoX4Xrd7

Interesting. Seems you got a buyer. Good luck new owner!

I'm not particularly set on doing it the way I said, it just seems like the only way that makes sense. No bid is a losing bid until the auction is over.

The auction is only for a week (or so, possibly a little longer if we need to deal with last minute 'snipes') so it's not like we're tying anyone's coins up for very long, and refunding all losing bets at once makes it a lot easier to keep track of what coins are going where.

I should also mention that the auction address is an address in the Just-Dice hot wallet. There's a chance that the coins will move before the auction ends, due to old Just-Dice investors withdrawing their coins (it has been months I know, but some people are still only just realising that the site is no longer accepting bets). I have more coins in offline storage (https://blockchain.info/address/19Zmw5kMbkTjA7qRUdUEiwLqgRaMRRLDkh) so don't worry if it looks like I'm spending the auction bids!

sounds legit ! lol  ::)

Dooglus made well over 1000BTC from commissions from running his Just-Dice site, I dont think anyone is worried about him running off with the auction bids  ::)

There were getting to be too many coins in the Just-Dice hot wallet, so I've moved 200 of them off the server.

did i just see a bid of over 36btc and then a flat 100btc?
are those legit or more just dice coins?

doog, I know you've probably not had to escrow so many transactions before, but some friendly advice if you choose to continue doing it: use a fresh cold address for every new contract, used or unused.  I have several that never happened, they stay empty because I just use a new address for a new contract.

100 BTC bid ;p. Looks like someone is really interested.

the interface could be a little better but the concept is great

Less than 24 hours left.

Only 15 minutes left, current best bid of 100 BTC. Please bid 110 or more if you're interested. Any bid from now until close will be considered a 'snipe' and I will extend the auction.

If no further bids are placed, I will ask the owner of 1KpBnBAdSH4fqns41aefiWmKmJ2DTRn1j3 to please sign a message, either here or to both me and Doog -- and you are the lucky winner!

I've returned the three losing bids:

Sent 39.68800000 to 1KEM38fgiDaLeEXQdmtHfdbPDJzQrArehD. Transaction ID: 5d8ceeb33c0aaa3e9281ef1a1e0a395abda64ee60db29f17bd57342abbf0f0f6.

Sent  4.40960000 to 1NJbaU9e7Zo3yKXVrm7Ts9c6gpF8CZXSPc. Transaction ID: c995874dfd3df7c6a8c69253d93378c28a773b85c60ae3603bcc86c0a0ebc6f0.

Sent 19.99990000 to 1HsiZqccxnt6SZNU183G9CLKBxH2XMeoRK. Transaction ID: 367ce4e78ea9db6fcab85c75b8eff98613a19d733c5da01523cdb568e93ffba3.

I'll release the coins to Eric when I get a signed message from the 1KpBnBAdSH4fqns41aefiWmKmJ2DTRn1j3 address saying that they have received all relevant credentials from Eric.

Congratulations on the successful auction & sale of the site. You brought a good thing to the community in the form of an original concept gambling game. The reason you had to sell it was pretty shitty- threats and attempted extortion from some asshole, but at least you walked away from it with a decent sum. I wish you the best of luck with all of your future ventures, and don't be a stranger to the BitcoinTalk community (we can always use more people on the lookout to expose scam sites).

-snarlpill

who is offering 100 bitcoins for the site?

Still sticking with my guns that this is all going to tie back into a scam.

what make you think that?  ::)

so who owns it now? lol=P