People loooove it for the drugs. its on one of the biggest darknet markets now |
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What method are you using for provably fair?
Presumably BetBase's, no? |
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Leaderboards is a promo? There isn't a stats or leader's or high bet section already?
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Damn so so so so so much better than it was before. Nice work so far guys!
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In the leaderboard page I think you guys should add the largest bet wins in history on BV. I noticed right now it seems you got weekly largest wins but not any of N8s biggest wins. He and others would probably enjoy to see those achievements.
I believe you can see these already (and the biggest losses?) on the stats page - along with your own personal biggest wins and losses |
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I think this is how it breaks down assuming investors run at neutral ev.
App Owners: 40% house edge+10% of the 50% investor profit(5% house edge)= 45% house edge
Money Pot: 10% house edge+10% of the 50% investor profit(5% house edge)= 15% house edge
Investor: 50% house edge-20% of the 50% investor profit= 40% house edge
Oh yes, that makes sense. So the expected total commission has dropped from 70% (50+20) to 60% (45+15). I hadn't realized before that you can't calculate the expected commission by simply summing the 'on house edge' and 'on profit' percentages. For example, BetKing used to take 25% up front (on the house edge) and another 25% of the actual profits. I always assumed that represented a 50% expected commission (25+25), but now it seems like it was 'only' 25 + (0.75*25) = 43.75%. Do I have it right now? This is how we believe the math works out. We asked Ryan to assist us with the math and he believes this is correct as well. The commission of investor profit will work much like other sites where if there is no profit, no commission will be made at that time. Like Ranlo stated before, this is a move with the long term in mind. We don't plan to go anywhere, and we want to show that we are fully committed to our product and believe in it. It will be much more than just a gaming wallet. While we didn't need to credit any investors, we wanted to. There's no hiding the fact that the investor profit has dropped significantly over the last few months (it's started to rise again a bit in the last week). Over the last year, there are a lot of things that we honestly could have done better and we are taking action now to try and re-balance things even if it means giving up a significant amount of bitcoin out of pocket to do so. We want to try and establish ourselves as a company that tries to do right by everyone, listen, observe, and adjust as necessary. We see the big picture and it is bright. In our minds, this type of 'insurance policy' to make sure that we are able to easier reach where we want to be is more than worth it. Well as a former investor (and maybe future?) I definitely appreciate your actions (even if I don't like getting attacked by Acoin every time I utter a single critical word). Still looking forward to v2 and Rubies! |
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The Kelly criterion should not be applied to a bankroll which is not stable (that means people can add funds and withdraw them whenever they want).
What does this mean? I badly expressed myself. Kelly criterion should be applied every time. I just wanted to tell that it's hard to grow if your investors withdraw every time bankroll takes a hit. Really you should be doing the opposite - you should double down when the bankroll decreases and capture a larger share for yourself, then withdraw after it goes backup. Variance tends to swing both ways, but it should go up in the long-run. |
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The Kelly criterion should not be applied to a bankroll which is not stable (that means people can add funds and withdraw them whenever they want).
What does this mean? I think more like it's harder / more difficult for users to apply the kelly criterion to a constantly evolving bankroll? E.g. there wouldn't be any nice round max-win like there is for BustaBit? |
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Hi guys,
So I have a domain bithedge.io and I want to start some sort of bitcoin web service. But I've no idea what to do with it.. I am a good programmer so can setup almost anything!
Is there some bitcoin service missing in your life? What can I make for you guys?
But why does your website say this ? We're working hard to create our website and we'll be ready to launch in
06 weeks 03 days
05:12:10 I thought you already knew what you were doing.It's crazy how some people have huge investments and some have programming skills but the only ingredient they both lack is "ideas". Lol too true hahaha. People don't realize that often times the hardest part is actually having that idea in the first place |
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To win free tokens from the RainBot, all you have to do is chat  . If it feels your chat is of low quality, "spammy", or thinks you are hoarding tokens (trying to save up without ever betting), it may lower your chances to be selected. Breaking any chat rules may also substantially lower your odds. In other news, I'm working on the mobile screenshots right now, they'll be up here within 30 minutes Did not realize it distributed less to you if it thinks you are "hoarding". Very interesting... |
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when you look NYSE or Dow Jones. All companies are priced as x30 years of profit or 7-10x of annual income.
so it seen logical general investment perspective. but yes a bit low comparing to crypto-asset invesments roi.
Value to earnings ratios are based off of growth - there's a lot more growth to be had in cryptocurrency spaces than in fiat ones, even if the total amount is smaller |
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Lets act professional guys, no need for insults and raging.
Unfortunately most posts are made by trolls (i.e. fiscorcle) is almost certainly an alt account of "Lanzador" ( https://bitcointalk.org/index.php?action=profile;u=888795)), or are made by signature spammers looking to get paid. Chill man. I had no idea that you guys weren't taking commission for extended periods (did you tell anyone???). And even if I am getting paid that's the same as everyone else here why does that make me worse than them? EDIT: Also - to specify, does taking 25% of investor profit mean sharing in the losses as well? |
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a $100 million valuation for a company that's been hacked, is unregulated and its ownership and operation is largely a mystery? you'd get your ass laughed out of any serious investor's office with a proposal like that. and they'd probably boot you in the ass on the way out for wasting their time.
it just goes to show that so many bitcoin businesses still live in a weird little bubble of their own that doesn't have much relation to the real world out there.
let's look at that figure again - $100,000,000.
someone would pay that for an operation run by bunch of guys who lounge around in their underwear in various basements around the world? sure, it makes money. you need a little more than that to gain proper investment. jermaine the crack dealer makes money. that doesn't mean he can list on the stock market.
High risk, high reward man - just like investing in BTC casinos or gambling in them How is it high reward? Limited upside. Unless you're really long on BTC - you see it becoming a larger part of the world economy. In that case, you're probably already fairly well invested in BTC and might see this as a good opportunity to get in on early If you are really long on BTC you will definitely not put your dollars (or satoshi) this way, you would be best to just hold your BTC. More established firms would decide to get in on the market and Bitfinex etc wouldn't stand a chance due to regulation burden. You're forgetting the reason people use BTC in the first place - anonymity. These places are definitely less regulated than the big boys which makes for much more privacy |
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Is it true only investors lost the money in moneypot but moneypot owners and app owners are in profits?
I'm not so good in understanding the statistics, but from this table, it looks like only investors lost the money and others are in still profit. If it is true, then moneypot is not suitable for investors, right?
Yes, it's true. The site and the apps make a guaranteed gain every time a bet is placed, even if the bet wins. When a bet wins, not only do the investors have to pay the winner of the bet, but they also have to pay the site and the app owner. You can see that in the screenshot. Comparing the left and right sides you see that while the site profit dropped by just 78.5 BTC, the investor profit dropped by 82.5 BTC. The app owners actually profited by 3 BTC from this large loss, and the site itself profited by a further 1 BTC. The investors made up the difference. On the other hand, if the apps ever do better than expected then the investors will also do better than expected. The site and the apps take a percentage of the wagered amount, independent of the actual profit. The way things are set up means that when the site performs at less than 70% of expectation the investors take a loss. If moneypot and app owners are not involved in risk taking than I don't consider such sites are safe to invest money and it is just my opinion because I think in some way site owners and app owners also need to pay these big wins then only I feel whole business model can grow in a healthy way otherwise I think it is not fair to push all losses to only investors. And I don't think hosting and maintaining site cost will be that high to push all big wins only to investors. App owners have their own costs. MP has their own costs (encapsulating coverage of all apps, development, time expense, etc.) PLUS has always had a large portion of the BR. To say MP has not had any "risks" is asinine. When the BR tanks, MP loses as well, not just investors, as MP is, at its core, an investor as well, both personally and business-oriented. I also want to stress the fact that the grand total paid to ANY of the MP owners over the past year (which covers our ownership period) is exactly 0.00000000 BTC. ALL income that has been made has always been put back into the system for growth, development, etc. There has been a lot we've worked on behind the scenes, and just don't want to share at this point because people like to ask for a specific release date and then attack you if something slows that down and/or things change with regards to actual execution of ideas. What have you guys spent $100,000 on over the last year...? |
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and we'll give you an appropriate prize for your loyalty to our casino.
You are implying that the more you wager in the month period, the more you'll receive. Is that correct, or is everyone whose wagered 5 BTC+ in that time period going to receive the same amount? I believe it is proportional to how much you gambel |
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Mod family on point, for sure pretty sure in my opinion we have the best mods in the online gambling scene.
I'll second that. Most helpful, most polite, probably a bunch of other things they're best at as well that i've forgoten lol |
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Commitment to current and previous Investors:
Current day and previous investors will be credited so that they were in profit of at least their investment plus a bonus that equates to approximately 6% roi a year based on time invested going backward from today. This will be credited over the next year from future earnings both from the current moneypot platform and other moneypot revenue streams. Snapshots are taken from today. However, going forward from today, there will be no extra credit.
Looks good to me (a previous investor). It would be great if a special page is set up for us to check whether our account is eligible to the bonus and how much bonus we could get. Or, could it be shown after the login page? When will previous investors be reimbursed / how will that calculation take place? Over the next year. We will be distributing partial income towards crediting investors. Cant give an estimate on completed time, but the faster income we make the faster we can give it back to our investors. It will be calculated by the all invested - all divested from yesterday backwards. We will then work on making this number be at a breakeven point plus 6% roi rate per year. People were saying we weren't involved in the risk before. I dont think people can say thats true now. And what exactly are we being compensated for? |
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a $100 million valuation for a company that's been hacked, is unregulated and its ownership and operation is largely a mystery? you'd get your ass laughed out of any serious investor's office with a proposal like that. and they'd probably boot you in the ass on the way out for wasting their time.
it just goes to show that so many bitcoin businesses still live in a weird little bubble of their own that doesn't have much relation to the real world out there.
let's look at that figure again - $100,000,000.
someone would pay that for an operation run by bunch of guys who lounge around in their underwear in various basements around the world? sure, it makes money. you need a little more than that to gain proper investment. jermaine the crack dealer makes money. that doesn't mean he can list on the stock market.
High risk, high reward man - just like investing in BTC casinos or gambling in them How is it high reward? Limited upside. Unless you're really long on BTC - you see it becoming a larger part of the world economy. In that case, you're probably already fairly well invested in BTC and might see this as a good opportunity to get in on early |
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beware of anything in deepweb. sometimes it can be a trap for you. Well, I had several times visited sites in deepweb, and there, all transactions are done using bitcoin. Well, deep web is a very dangerous place, so, if you do a transaction there, rest assured that you have a strong defense on your computer
The deep web is something a community site or just give you something that is extremely bad for all those who can't cope with all the possibilities that exist. Because in the deep web we should be able to control or avoid something which can be recognised by the Government or the police, because if we can't master it then we will become the "scapegoats" in every crime that others do in the deep web So just be very careful on choosing seller on that site, I've been there and I am not into it. Just choose sellers with good reputation and lots of sales - check their recent reviews, not just their percentage |
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I was able to log back in today
Account was hacked , all coins sold and BTC xferred out . 2FA was enabled. Nothing downloaded to my PC recently . Support ticket sent . Be careful guys
Unless someone gained access to your 2FA device, it either didn't happen or it was an inside job... |
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