This is exactly how to think about it. If I can make $100 mining with the hardware, why would I do MORE work (I still run the hardware, but now I also have to deal with accounting, user maintenance, etc.) and charge less than $100? Hint: I wouldn't. It doesn't make business sense.

Seriously, they block you when using PP/Skrill as well, two of the largest payment processors IN THE WORLD? Luckily, I haven't used Cryptopay, but looks like they're taking the Coinbase "let's alienate our users" path.

Wow, these are expensive. What's the reason for picking this over something much cheaper, like an anonymous VPN? Not trying to crap on your thread/pricing, genuinely curious.

Can someone please elaborate on this part? Based on what I could tell, the deposit rates were comparable to what Coinbase claims BTC is worth at that time, and there are no fees for using it as a credit/debit card. What are the hidden fees?

The fund can't control anything... out of their control. What is the policy? What are they supposed to do? The issue with the p2p lending in the crypto world is that none of it is licensed, so there is no legal obligation for anyone to repay any of their loans, nor any true punishment for not doing so. It's a trust-based system.

With 1 BTC, it'd take 9.x days to get enough to pay the withdrawal. So it really depends on how much you deposit (10 would take 1 day, 0.1 would take 4 months, etc.).

Hey! Wanted to toss an update and let you know my coin came in! I sort of lucked out... had someone ringing my doorbell, found out it was a neighbor and they handed me a little envelope and just said "this came to our mailbox..." and walked away. Saw who it came from/location and was baffled by what it could be. Opened it and found out it was the coin!

Really happy the people who received it gave it to me. I never would have even known it came in otherwise, .

Thanks, Smoothie!

I'll give a decent amount of time for the next update. I hope it comes early on in the new year. Looking forward to hopefully seeing some good progress in this area, .

Ahh, that explains it. Yeah, had tried betting and it wouldn't go through since the bot thinks there's zero balance.

What's the current normal interest rate?

Yep, and yep. Even logged out of the BitDice website in my browser just to see if that was the issue. I did copy/paste of password just to verify (log in site -> try to log in bot) and still errors out. Wonder if anyone else has this problem.

Edit: weird, just tried it again and had had no issues getting in. However, it shows my balance as zero across all four currencies. It shows the other stats correct (wagered, profit, etc.) but balance of zero. Logged out of the site and that's still not helping (logged out of site -> relogin on bot).

Is your site not assuming we've obtained commission off every BTC ever wagered? Because that's the part in question. The math itself is correct -- the encapsulated period (and thus wagered) for which we've obtained commission is not.

Also, to add on to the last post, we've given a decent amount of BTC to help with promos, reimburse users that had deposit issues back when they were a problem, etc. We will continue to show our dedication to both investors AND players through the coming years, proving time and time again that we're in it for the long haul, .

The number shown/claimed on Dicesites is FAR from actual. We had zero commission for a significant period of the year, which isn't accounted for there. We didn't get even close to 100k. And that's assuming it was all kept in BTC. Our expenses are almost entirely fiat-based, where the value of BTC was much lower than it is today.

Anyways, I brought up the fact that we've taken zero satoshi because we are in this for the long-term, not short-term.

What they pulled was shady as hell. To clarify:

They have an announcement board where they will list coins that are going to be delisted on x day, say, December 31st.
They phantom update this list occasionally.
They add coins THE DAY OF, some just minutes/hours BEFORE they remove all of them on the list from the site.

If yours happens to be on that list, they claim "well, we told on the site before we removed them so that's your fault."

The issue is there is NO TIME for most of them, as they don't send out any alerts or anything. And even if you withdrew as soon as they added one to that listing, there are some that take 12h+ to be withdrawn. I've seen a couple that even if you tried to withdraw right as they added it to the "we're removing x" list, you still wouldn't get them since the withdrawal would take too long and they take the coins offline before that happens.

On top of the outright theft they do, they also don't stake most coins properly. I did tests side-by-side of a few coins in the past. One got 30% of what it should, one was 5%, and one was around 1% (assuming equal amounts deposited to local wallet/PoSWallet and watching the balances as they stake over a period of 30 days).

This is true, but it is a huge step. It would allow the service to truly pose as a wallet.

Also, there's no interest for just holding balances anymore, is there? It's only if committing to the 1m+ period?

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.

So far, the project doesn't look like it's taking off too well. What is the selling point behind it? Why pick your forums over, say, BCT? These are the things you should be pushing to potential visitors.

They shot down the idea a bit earlier but I think clarification may help this: you offer two types of withdrawals:

1) Batch, sent hourly
2) Paid, sent instantly

This would allow those that don't want to wait the chance to get theirs instantly, while those who don't mind can get theirs free. Win-win.

It's an unregulated market. They are not licenced, and they are using a cryptocurrency, as opposed to a "currency" (note that in the U.S., Bitcoin is still not seen as money yet). As far as the law is concerned in this case, it's no different than you "loaning" rocks. There's no legal recourse here for lenders OR borrowers. And that's what makes it so dangerous.

Are you attempting to market this as being a Darknet-type deal, or is it just a decentralized marketplace so that you don't have to deal with corrupt administrators (with legal items)?