The fact that it is possible for apps to take on smaller bets themselves (which again, is not happening at the moment) does not affect the investment pool whatsoever.. We tell people that their investment will only take on EV+ bets, and we only allow EV+ bets.
Well, it would definitely affect the Volatility of pool returns if apps are taking all the small bets and the pool only underwrites the largest bets. Of course as you say, that is not happening now. And volatility does affect the pool value in and of itself, so I'd like to suggest that yes, it does affect the investment pool. (A pool +EV with higher volatility is less valuable than the same EV with lower volatility.) A primary concern of all investors is the prospect of a 'Hufflepuff' type event - you may recall the guy who hacked/broke primedice for an egregious stack of coins. Hufflepuff didn't do that with small bets - he was a 'whale.' So when an app owner takes on the small bets themselves but leaves the largest bets to the investment pool they are in effect hedging their 'hack risk' given the hack will manifest with very large bets. TL;DR : Apparently an investment in the MP bankroll is not necessarily positioned to underwrite all bets. In fact at any given moment it is not clear which, or what percentage of bets, are being underwritten by the public bankroll, and how much is underwritten by the apps themselves. Again, I totally believe you that the app owners are not underwriting their own bets with any consistency, and thus it is 'not an issue' ... now. But I think as MP grows, it could be. Anyway, I'm not trying to be difficult. As an 'investor' I just like to understand what I'm invested in ... A player martingaling starting at 1mbtc and getting to 1btc is no different than a player coming and having their first roll be 1btc. Both are exactly the same. The user's previous bets have zero impact on the future bets. What people are describing here is a pure sign of gambler's fallacy. If it's +EV, it is whether or not there are bets before or after that one. It's pure math. |
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My deposit not showing after 70+ confirmations, only difference it is not show on unconfirmed balance
Mine also not showing but only 1 confirm but that's usually when it hits.
@lottery248, checking into this. @the other two, can you please give more information? This should be cleared up on its own shortly but just in case it isn't. |
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I'm the opposite of your GF -- I hate big cars. For me, the smaller it is the better,  . I'm not interested in this one, specifically, but figured you can get a free bump with my question... what's the maintenance like on Fiats? Is it treated like economy (think cheaper) or more luxury (like BMW, Mercedes, etc.)? I've seen zero Fiats in real life, but am really liking the Fiat Spider. |
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The math works the same as with any other investment on earth.
Bankroll:
You own 1 BTC. BR is 2 BTC. It doubles. You own 2/4 BTC or 50% still. You cash out earnings, you now own 25%.
Walmart, MCD, (insert company here):
You own 2 shares out of 4. Shares are worth $0.50. Shares double in price. You cash out profit. You now own 25% (as you sold 1/2 of your shares out of 4 and now own 1/4).
This is all basic economics.
Damn lad, you just explained every investment in just 2 sentences, you must be some sort of genius. Now go on and do the same for non-publicly trading startup, for investing in gold bullion, bonds, investing in art, collectibles, cars, personal education, or...bitcoin. Any investment on earth, right? Also, you could invest in dividend paying shares and cash them out without affecting your holding and with no need of re-investing. Still the same as investing in BR? Why would you equal profit on players' losses with the value of listed company, rather than its profits? Also 2, increase in stock price (apart from clear speculation) is a result (or expectation) of growth in sales, or just higher profitability. Smaller slice of bigger cake. Not really the case for investing in bankroll is it? Gold, art, collectibles are all stores of wealth. Cars can either be a store of wealth or a depreciating asset, depending on what you're purchasing. Education isn't an investment in the traditional sense. Bitcoin is treated like gold (store of wealth). You do not invest in a store of wealth, you purchase it. You can invest in companies that back them, but that's an entirely separate story. Bonds are generally not seen as investments, either. That'd be like saying a savings account is an investment -- it's not, it's a generally secure store of wealth that can be reasonably expected to curb inflation by a small percentage. Stocks that give dividends have their prices lowered by the dividend amount once it's announced. If the stock were $1 and is paying out a $0.10 dividend, its price would be naturally lowered to $0.90 to resume the same pricing as before. The vast majority of investors DRIP, so if you're not, it's the same as just selling off x number of a stock that doesn't pay dividends. I'm not going to sit here explaining basics to you. I have work to do. |
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What you mean is "steer clear of investing in anything, whether it's crypto or fiat-related." Your entire point is quite literally the same in EVERY single investment, no matter what it is. ...
My main point was dilution of share in bankroll, second part of the post was in relation to that. So no, you cannot apply the same to EVERY investment, i.e. panic selling/reinvesting profits are not really applicable for say investing in start-ups. Also, are you aware that 'investing' is pretty broad term and that there is such thing as short-term investment? ...And that's so obvious that you even mentioning it is painful and further concretes the fact that 99% of the people around here should NOT be investing in ANYTHING because they have no idea what they're doing and that's just a recipe for disaster.
How else are they going to learn? Making mistakes with small amounts can be a good learning experience. The math works the same as with any other investment on earth. Bankroll: You own 1 BTC. BR is 2 BTC. It doubles. You own 2/4 BTC or 50% still. You cash out earnings, you now own 25%. Walmart, MCD, (insert company here): You own 2 shares out of 4. Shares are worth $0.50. Shares double in price. You cash out profit. You now own 25% (as you sold 1/2 of your shares out of 4 and now own 1/4). This is all basic economics. |
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Wow some people are clueless about investments. Yes a casino is a very good investment but longterm only. Short term you can take a hit but long term you will make money it's pretty obvious.
...
Exactly. Other thing to note is, even if you were to make a profit every day (in line with house edge etc), you can't cash out those profits without diluting your share in bankroll (unless all the other investors cash out regularly as well). So if you're not ready to engage your funds long-term (few months at least) or if you're a type of person who makes panic-decisions - steer clear of investing in BTC gambling. What you mean is "steer clear of investing in anything, whether it's crypto or fiat-related." Your entire point is quite literally the same in EVERY single investment, no matter what it is. And that's so obvious that you even mentioning it is painful and further concretes the fact that 99% of the people around here should NOT be investing in ANYTHING because they have no idea what they're doing and that's just a recipe for disaster. |
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After reading into this, I'm not interested so much in the coin as I am the project. Would you be willing to take on an equity-based investment for the business (and therefore the games)?
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Can someone please explain to me how casino developers get paid?
I know there's a part where you deposit and withdraw but i'm not entirely sure how the forumlas/algorithms work.
When you create an app, the app has its own balance. 50% of the house edge of every bet is instantly added to that balance. When you view the page for apps you own, you'll see the balance and can withdraw it to your personal account (and MP) at any time. So whats the use of the deposit function there? At this point, there's technically not one. There are ideas floating around on how to utilize this in the future though. |
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Can someone please explain to me how casino developers get paid?
I know there's a part where you deposit and withdraw but i'm not entirely sure how the forumlas/algorithms work.
When you create an app, the app has its own balance. 50% of the house edge of every bet is instantly added to that balance. When you view the page for apps you own, you'll see the balance and can withdraw it to your personal account (and MP) at any time. |
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Do the coins give any sort of profit share, or are they just coins that are usable in the game?
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Received mine with a little top up, Thanks : ) . Altho now MP is obviously down for a fix anyways
Glad to hear that. I know that a lot of people aint happy when the down time is drag for quite some time however, from the start i never have a doubt in MP. In fact, i am even more excited about MP taking initiatives to improve the system. Thumb up. The good part is that you never have to worry about a run-off. Not only do all of us fully believe in the site and where it's going, but we also have internal checks and balances as well. It's rough with the number of scams out there, I know,  . Yah, the most important is about the security and reputation in the digital world. There are ways too many scammers out there and it is really hard to identify good company to invest in. I am glad that you guys are really address to these issues and show us how serious your works are. Yeah, none of us will deny that we've had some rocky times, but we're learning from this and we will always make things right with the community, . Thanks for sticking with us! What we missing i know me and Jackpotracer is more info from MP Team, there are pretty slow, so if you can do somthing to infomate much better, its okay becures then we can infomate our players that info, hope you understand Ranlo, and hope you guys with the great work you do, will listint and infomate our app owners and orther players out there much better. i totaly agreed we allways learning, but the infomation to end users there don't know enything shut have eny kind of infomartion And keep you all the good work! we still wating for more info ^^ I have never NOT updated everyone as to what's going on. But people get infuriated when you say "nothing to update you on." It's a lose-lose situation. If you update people by saying there's no update, they get upset. If you don't, they get upset. And I'd rather spend my time fixing it than upsetting more people, . Now then, MP will be down until tomorrow. I was notified that we should be up and running 100% tomorrow. We found the issue and just need to employ some fixes (a big part of which deals with the BTC client). Again, no funds have been lost, and we apologize for the delay. For a tl;dr of the issue, the MP depositing system is incompatible with the latest version of bitcoind. As part of the server move, bitcoind was updated. The system was looking for information that it doesn't output anymore, so any deposits were stuck because the system knew about them but didn't know if they were ever confirmed. We've resolved that issue by linking up to a separate client (and CONFIRMED deposits work!) but it's on a separate server and kept causing issues as a result. That said, we know the issue and tomorrow it should be fully taken care of! |
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Received mine with a little top up, Thanks : ) . Altho now MP is obviously down for a fix anyways
Glad to hear that. I know that a lot of people aint happy when the down time is drag for quite some time however, from the start i never have a doubt in MP. In fact, i am even more excited about MP taking initiatives to improve the system. Thumb up. The good part is that you never have to worry about a run-off. Not only do all of us fully believe in the site and where it's going, but we also have internal checks and balances as well. It's rough with the number of scams out there, I know, . Yah, the most important is about the security and reputation in the digital world. There are ways too many scammers out there and it is really hard to identify good company to invest in. I am glad that you guys are really address to these issues and show us how serious your works are. Yeah, none of us will deny that we've had some rocky times, but we're learning from this and we will always make things right with the community, . Thanks for sticking with us! |
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Error 522 Ray ID: 2c42f95784420d43 • 2016-07-18 03:51:30 UTC
Connection timed out
anyone else having the same problem?
Read earlier posts. Servers are currently down while we analyze the issue of deposits. |
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Received mine with a little top up, Thanks : ) . Altho now MP is obviously down for a fix anyways
Glad to hear that. I know that a lot of people aint happy when the down time is drag for quite some time however, from the start i never have a doubt in MP. In fact, i am even more excited about MP taking initiatives to improve the system. Thumb up. The good part is that you never have to worry about a run-off. Not only do all of us fully believe in the site and where it's going, but we also have internal checks and balances as well. It's rough with the number of scams out there, I know, . |
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ALERT: MP API will be going down shortly to work on the deposit issue. Thank you for your patience.
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Change the message to DO NOT Deposit, not "may be delayed"
New banner has been set. |
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They've been commenting here. The reason we haven't gotten 'updates' or 'ETAs' is because they just don't know, or they think they know, but they thought they knew before but were wrong, so what is not to say they are wrong again? So likely if they are confident on an ETA they will say so. Otherwise they will just tell us when it is fixed. That is the nature of troubleshooting/fixing software issues like this. Be patient ... find something else to do with your time other than whining here because the grownups in the room don't need to hear it.
Ok, now I'm getting a bit disappointed in the community. I know they have been commenting here, but not much, and without any good story of what is going on. When they do a maintenance where they go to a different server, they should have thought about a way to go back in case shit hits the fan. The last part of your post cuts no ice. A lot of people have money stuck in MP, and I guess it's no problem if they have to wait a day or two. But if you have a website with a lot of users that trust you with their money, a little bit more transparency isn't too much to ask. +2 Wouldn't keeping customers informed and feeling more in the loop just be a simple part of the whole process tho? Other than that still confident time will show an update I've updated the community with everything I know at this point. I want the issue fixed as much as anyone else. |
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Even more interesting than his multiple posts with different amounts is that in one post he says: I have the domain,
I have the hosting,
I have some funds,
Just 6 hours later he asks for money for hosting, saying: What funds do I need?
I need around about $35 dollars in bitcoins, so that I can get what I need to make this work. I already have a website but need to get the hosting.
He can't even keep his story straight. |
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If you have a business plan and are willing to sign a contractual agreement, toss me a PM and I'll check it out, . Also, I already have the hosting dealt with... |
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Fuck my life! I just had to deposit into the only fucking app that isn't working! Did anybody else get their coins? Doesn't moneypot control access to the funds anyway? We gotta wait on them to fix it? It's been over 24 hours! The site is working, my ass! Fucking hell...
App? The whole site isn't working. (In terms of deposits, I think everything else works, like transferring between wallets) No I haven't received my coins yet. And no, moneypot doesn't have control over funds once you move them into a casino wallet. But it's not the app's fault, moneypot is having some server issues Reminder:
Any money you deposit into an app gives it full control over that balance.
When an app is enabled, you are allowing this app to access the money you deposit into it until you either disable the app or withdraw the app balance back into your Moneypot wallet. Thanks for the update and explanation! I'll wait. Nice people here. I'm just angry about my coins! Yes its quite frustrating, especially when we are talking about thousands of dollars, but they have said it is being worked on. I just figured there would be a manual override option to deposit coins to our wallets, but it seems waiting is the way to go. We want it fixed more than you players do. Time is literally money. It's a good thing to keep in mind when thinking about this ordeal. We want it up ASAP. |
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is that kind of deposit skipped?
