Opps. Let me redo the worked example. The code itself for this works fine, it's just the example I screwed up. I was just trying to eyeball some round numbers for the example, and never actually realized it was -EV

I'm not quite sure I understand your complaint, but investors certainly never taking an unprofitable bet. I tried to clean up the explanation on the FAQ, could you give it a reread and see if it's a bit more clear?

Yeah


Our immediate focus is on stability, and polish. We are trying to get dustdice world-class by implementing all required features in MoneyPot that that would require (a faucet, stats, a chat server), and once we have that we'll start approaching game developers and people who can make great gambling games.

Please remember, this is an unofficial campaign as I don't have the time to vet the participants or guarantee the payments. I however have given Snailman a bitcoin to use for his campaign as he sees fit.

I'll clean that up. By "our bankroll", it means MoneyPot.com's bankroll. We offer a bankroll as a service, which will accept most kinds of bets. As an app developer, you can use this bankroll to service your players bets.

It'll make more sense if you read and the Investor FAQ first. By profit, I mean the difference between what we pay investors and what we pay users. Let's say a user did a bet that lost 1 BTC, and we gave 0.99 BTC to the investors (to make it in their interests to accept that bet) it would mean we made a profit of 0.01 BTC. And of that we give you, the app developer, 50% of it in exchange for sending us the bet. So the app developer in this case would have made 0.005 BTC of risk-free money.

Thanks for the strong turn out! We've so far had 27 BTC wagered so far, with our investors netting 56k from it. The public page for the app is: https://www.moneypot.com/apps/1-dust-dice which shows some recent bets, and will soon include some more detailed statistics.

That is one of the design goals of MoneyPot.

An app can only access its app balance (which can instantly be refilled, and maintains a complete audit history), but there are no restrictions of what the app can do with that balance. This is something with time we were thinking about re-adding. Your app balance always lives on MoneyPot.com, so you can at anytime revoke permissions to the app or pull money from the app balance.


That is correct

Deposits are free for you, and users. Withdrawals have a nominal fee of 100 bits, to cover mining fees (and that might need to increase). If they already have a balance on their MoneyPot.com account, they can transfer back and forth to your app freely, without costs

We offer it as a service. Using it is a prerequisite if you want to gamble against our bankroll, it allows us to make sure your not cheating. And it allows you to make sure we're not cheating you (or your players)

The max bet changes depending on the type of the bet, and how much is invested. We allow people to freely invest and divest, so the max bet is continually changing (and hopefully increasing over time)



Yes, that's perfectly fine, I have no issue with it. It will however add a lot of complexity to your app, that likely isn't worth it. But it's entirely your choice.


Every bet. Let's say we make a profit of 100 bits, due to a bet you refer us (the difference between the odds offered to investors and gamblers) - we instantly credit your app with 50 bits, and us with 50 bits. As an app developer, using the betting API you never can lose money -- only be credited it.

You need to divest in order to get the money into your account, which you can do at anytime. Give it a try with a small amount, and see how the invest/divest system works. All investments are really just giving you a fixed percentage of the bankroll, which itself may go up or down.

It's on the tab bar for logged in users: https://www.moneypot.com/me/investment

It automatically adjusts, to make it easy to chase your loses. If you don't like this behavior, we added an option:



called "Custom bet multiplier", which you can lock to 2x /2  (or what ever you like)

That's correct. Bustabit doesn't use MoneyPot (vault), while DustDice does (and thusly has none of it's own accounts).  Bustabit.com is 100% separate, running it's own infrastructure.

All accounts are still there, the only thing that's changed is the name =)

You can play, but it's still a bit experimental. You need to register an account on MoneyPot.com to play, you then authorize the DustDice app and deposit some money =)


We're going to add a jackpot, but we're still deciding how it'll fit into the design.


The jackpot is just how much money you'll make (plus your bet back). A jackpot of 1 BTC, means if you hit it, you'll make a 1 BTC profit. The larger the jackpot you try win, the lower probability you'll have of winning it. As our bankroll increases, you'll be able to win bigger and bigger jackpots.

I'll create a techncial explanation of how the technical part of that works, and how to verify it as part of the provably fair. =)

Well spotted, but there's also a jackpot. 1% of your bet goes towards winning the Jackpot at pure odds, which makes the house edge actually 1%. For instance, if you set the jackpot to 0*, you'll win it every 1 in 100 games. So you have 49% chance of doubling your money, a 1% chance of getting your bet back, and a 50% chance of losing. Which works out as a 1% house edge. Or you can set your jackpot to a much more substantial amount, and have a nice win when you hit it.

More details of this are in the FAQs.


* We currently don't support a 0 bit jackpot, the current minimium is 1 bit. Although that's something I can change if you guys want to win only your bet back

Withdrawals are instant


One confirmation


Not yet, we plan on releasing one next week along with a chat server. Ask me on bustabit.com chat, and I'm happy to send you a few thousand bits to play with =)

Unfortunately not. They're completely separate systems. They share no infrastructure in common. In the long term we hope to move bustabit.com to using the moneypot.com (vault) system, but due to a lot of the requirements of bustabit (load, latency, sensitivity) we decided to put it off until we have months of battle testing moneypot.com under our belts

New Thread: https://bitcointalk.org/index.php?topic=1221672.0

Link: https://www.DustDice.com

We decided to take a more visually-driven approach to traditional dice sites: As
you bet, you watch your balance go up and down.

• Green = win
• Red = lose

Here's a quick rundown:

• Mobile Ready
• Keyboard driven betting (use your arrow keys)
• House edge: 1% (or less!)
• Investment System
• Users, bets and funds managed by MoneyPot.com
• Provably fair, and checked after each bet
• Invest in the house, through MoneyPot.com

DustDice is the first app that implements the new MoneyPot API, it's in an early state right now now, but we're improving fast.

MoneyPot.com is currently up for auction: https://bitcointalk.org/index.php?topic=1249919.0
Note to players/casinos: Any change of ownership, or event that would have any impact or risks will be clearly announced significantly in advance.

Users balances, logs, ip addresses, deposit and withdrawal history will **NOT** be included in this sale



MoneyPot is a general-purpose, yet gambling oriented Bitcoin web-wallet that gives you control over the applications that have access to your balance. You can transfer your bitcoin between your MoneyPot wallet, apps, and your investment in the global bankroll. Our goal is to make this as simple as possible. When you want your money out of the pot, just send it to any bitcoin address so it's back in your pocket.

We're a fully incorporated company in Costa Rica  ( MoneyPot S.R.L. Company No. 3-102-700828)

Authorize Apps

Users get to authorize apps and then move money from their MoneyPot wallet into the app so they can spend it there:


For example: If you have 1 bitcoin (1,000,000 bits) in your MoneyPot account, you can deposit half of it into the DustDice app. Now, when you go to DustDice, DustDice only has access to half a bitcoin.

You can transfer bits between your MoneyPot wallet and individual apps at any time. When you're done with an app? Simply disable it.

Manage your money in one place

You can transfer your bitcoin between your MoneyPot wallet, apps, and your investment in the global bankroll. Our goal is to make this as simple as possible.

When you want your money out of the pot, just send it to any bitcoin address so it's back in your pocket.



Comprehensive balance history

Every time your balance changes for any reason, we create a history item so that you can audit exactly what happens to your money while it's under our control.



Send money

Your money is yours. As you'd expect, you can send from MoneyPot to any bitcoin address. But you can also send directly to other MoneyPot users without any fees.



Generate addresses

You can use MoneyPot as a general-purpose wallet without even using any apps.

For every address you generate, you can attach a private note to yourself for what it was for. You can also create "Cold" addresses which will be kept out of our hot wallet for your privacy. Perfect for receiving from places, that monitor your outgoing transactions (like coinbase)



Secure your account

You can enable and disable two-factor authentication as your please.

But we also keep track of every login attempt on your account, every active session, and the IP address of each session for your inspection.



Invest in our global bankroll




For more information, see: MoneyPot.com and checkout our faqs