The house always has an edge. In helpmywallet's case, his site has a 1.5% house edge. Say he wagers 10 BTC and wins, he gains 10 BTC + 10*(1.5%/2), or 10.075 BTC. In the event he loses, he is down 10 BTC - 10*(1.5%/2), or 9.925 BTC. Congrats on the big wins helpmywallet  |
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Can you point me in the direction of what app or site cause such a big loss for moneypot investors in the last 24 hours. I can't find or verify it myself.
I really dont think it was a very big loss. like 4 or 5 months ago was a big loss when a player hit a huge payout with a large bet. The swing you are talking about isnt too bad at all. Keep your money invested and you will get it back. An unverifiable loss that wipes out 1 month's profit in a day is pretty standard? I really could care less about the swings. I just want some transparency because betterbets (which is like 80-90% of the MPs betting volume) had a winning 24 hours. So some small app just wiped out a month's profit. Seems a bit strange to me that a small app could cause such a big swing. All bets are verifiable. Yesterday a user of ours lost a decent amount of Bitcoin and came back swinging today (and has not only regained his losses but is well into the profits). He has bet as high as 8+ BTC per roll. He bets on his own app (likely to receive 50% of the HE back), and not on BetterBets which is why it wasn't showing up under BetterBets. And BetterBets does not make up 90% of MP's volume. BetterBets is responsible for ~ 26,000 BTC wagered while MoneyPot has handled over 40,000 wagered, meaning BetterBets makes up around 65% of MoneyPot's volume. |
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I would just like to say the following:
I know a few people that are the whales in this coin (they own quite a bit over 10%+ of the coin supply). Since I am involved in a few other business deals with them, it indirectly affects my business if GBT does poorly (as they lose value on their investment). Because of this, I made the following offer to the GBT Dev team (which was rejected):
1. The MoneyPot team takes over development/hosting/marketing for Gamebet. This would be a boon for Gamebet, as MoneyPot already has over 20k registered users. MoneyPot would not only honor the obligation to all token holders, but increase profit share for token holders from 10%, to 25%.
2. Current development team gets to keep 70BTC from the dev fund. The remaining dev fund+GBT supply held by the dev team is handed over to MoneyPot to finance the continuation of this project.
Best of luck to holders of this token.
So all this time that you were spreading FUD, your plan was a hostile takeover? Not quite. I never spread FUD, I said this was a bad investment. The risk vs reward was ridiculous ($1MM valuation for no traction). I am working with IOTUSA on another project at the moment, and I am offering this as a way to save the project (and try and keep his capital intact). If his investment does well, it means he is in a better position --> my other project with him as a higher chance of success. But yes, you can call this a hostile takeover. I offered the deal privately and it was rejected, which is why I am taking it public now. |
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I would just like to say the following:
I know a few people that are the whales in this coin (they own quite a bit over 10%+ of the coin supply). Since I am involved in a few other business deals with them, it indirectly affects my business if GBT does poorly (as they lose value on their investment). Because of this, I made the following offer to the GBT Dev team (which was rejected):
1. The MoneyPot team takes over development/hosting/marketing for Gamebet. This would be a boon for Gamebet, as MoneyPot already has over 20k registered users. MoneyPot would not only honor the obligation to all token holders, but increase profit share for token holders from 10%, to 25%.
2. Current development team gets to keep 70BTC from the dev fund. The remaining dev fund+GBT supply held by the dev team is handed over to MoneyPot to finance the continuation of this project.
Best of luck to holders of this token.
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You clearly have no idea what you are talking about. Goodluck with your site, and welcome to my ignore list.
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Please take the time to read my reply and to let it sink in because the offer that LIR is making is much more advantageous to an investor then moneypot.
I did read your reply. Clearly you cannot do simple math. Send me a message when LIR surpasses MoneyPot in profit and I will send you a few BTC for free  LOL, are you stupid??? Its impossible to base your answer on math when LIR is not even operational yet. To base it on math we at least need a sample of LIR's profits, amount wagered, users ect. All we can base it on is projected ability to take market share and just based on their name I think they can take a lot from the existing players. But I will look you up when the time comes and collect my free btc's. Thanks for making me such a generous offer. I appreciate it. Actually, yes you can base it on math before LIR is operational. Their profits are going to based on wagered. This is fact. There will be some variance, but if you are betting on the house greatly beating the EV you are a gambler, not an investor. Simply saying "players are going to come play here" does not make it true. Especially with an impressive bankroll of 250 BTC and nothing to distinguish it from any other site. Please take the time to read my reply and to let it sink in because the offer that LIR is making is much more advantageous to an investor then moneypot.
I did read your reply. Clearly you cannot do simple math. Send me a message when LIR surpasses MoneyPot in profit and I will send you a few BTC for free Just to help out with the math (once again): Assume somehow LIR manages to match MoneyPot in volume (which it won't): 100 BTC LIR 1000 BTC * 0.01 = 1 Expected profit LIR investors = 0.15 BTC (since investors get 15% of profit) 100 BTC MP 1000 BTC * 0.01 = 1 Expected profit MP investors = 0.30 BTC (since investors get 30% of the edge) Seeing as though you added this I'll re reply. You're not taking into account the 10% paid out off the top, nor are you taking into account the buyback of LIR from the exchange nor are you even considering the fact that when the site sells (if it does) we all get to share in that, while if you sell moneypot all the investors get is a pat on the back and a big thank you. If you want to do the math, include the 10% off the top, include a potential purchase price and include the 10% buyback. OK? Why would I include the 10% that goes to the top 10 investors (not to mention, that would still be less than every other site lol)? The majority of investors are not going to be top 10, thus they shouldn't be included for projections for the average joe. I already mentioned the buy back. Buy back does not = 10% profit share. Your token is an asset, once you sell it you might have BTC, but you no longer have that asset, thus to calculate any profit on it you need to do BTC (price they pay you) - asset (what you paid for the token). If MoneyPot sells, investors get their entire sum invested in the site back. Its not like their money vanishes. Meanwhile, when LIR sells you get 35% of the cut. How much do you think LIR would really sell for? Honest question. Say they end up raising 500 BTC. They would need to sell the site for about 1430 BTC for token investors to break even. If you think the site will sell for that you shouldn't be investing in anything. |
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Just ignore him. He's worried about his investments and obviously grasping at straws anywhere he can to discredit the Let It Ride project. I cant. He just keeps attacking anyone who supports LIR calling them trolls. It's actually pretty sad on his part and mine to be fighting but I just want to get my point across which I believe I did relatively well in that thread. The title of that thread is MoneyPot or Bitdice, and you came in and started promoting LIR. So yes, I am going to call you and LIR out. Despite what you think, I do not enjoy spending my time talking about LIR, stop trolling everything MoneyPot related and you will not see me talking about LIR. |
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Hey y'all... Just checking in like I said I would a while back. Do you all still think I am trolling when I said this coin was a terrible investment?
Now go help other people out and tell them that Peerplays and Let It Ride are also shitty investments.
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Cool app. Not quite BustaBit (since its chained dice bets) but very fun |
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Please take the time to read my reply and to let it sink in because the offer that LIR is making is much more advantageous to an investor then moneypot.
I did read your reply. Clearly you cannot do simple math. Send me a message when LIR surpasses MoneyPot in profit and I will send you a few BTC for free Just to help out with the math (once again): Assume somehow LIR manages to match MoneyPot in volume (which it won't): 100 BTC LIR 1000 BTC * 0.01 = 1 Expected profit LIR investors = 0.15 BTC (since investors get 15% of profit) 100 BTC MP 1000 BTC * 0.01 = 1 Expected profit MP investors = 0.30 BTC (since investors get 30% of the edge) |
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Im investing in LIR LetItRide https://bitcointalk.org/index.php?topic=1511021.0;I feel like getting in during the beginning of a site offers much more upside potential then getting in once the site is established. If you get in once it's established then you're at the mercy of the site and their offer. None of the already established players will give away such a large portion of their profits to new investors. They may have back in the day when they were new but not anymore. Like with LIR you can share in 25% of house profits and the devs are using 10% of house profits to buy LIR from the market. Show me another dice site that offers even close to that kind of return potential.  With so many ways to make money its a nobrainer to invest in LIR over some of the other sites. LIR sockpuppets / trolls back at it again. Read the title of the thread before posting. First bolded part: This is false. Technically, you are always at the mercy of the site not running off on you. Assume in a hypothetical scenario where no casino runs off. This would mean that you can pull your funds off of the established sites at anytime, since they do not sell profit share, you are simply parking your funds in their bankroll. With LIR, you are at the mercy of the site because you cannot pull your funds out, you need LIR to generate profit. To the underlined portion: This is very false. LIR gives the least back to stakeholders of any site, this is basic math and not arguable. Every other site offers investors a range of 30-90% of the house edge. LIR gives 15%+ a buy back (which is NOT necessarily profit, simply a return of capital. The only way it is profit is if "Y" (buy back price) - "X" (original investment price) has a remainder. The remainder is profit). If you are a top 10 holder, you get an additional 10%. So basically, assuming you are a top 10 investor, you get 25% back. This is lower than everyone else. The way LIR investment works: - You invest in profit share. You cannot pull your funds out at anytime (unlike any other publicly bankrolled casino other than CBTC) - LIR uses 10% of profit to buy back tokens - LIR pays 15% to holders - LIR pays the top 10 coin holders an additional 10% - If they sell their site, 35% of the purchase price goes to token holders There is no added upside to investing in profit share in a casino then there is to bankroll it. Casino "x" = profit share casino Casino "y" = bankroll casino Each has 100 BTC bankroll. Casino "x" gives you 15% profit share (I will even assume casino is giving 15% of revenue instead of profit). - 1000 BTC volume * 1% HE = 1 BTC expected profit Profit = 1 BTC Investors get 15% of 1 BTC, or 0.15 BTC Casino "y" gives you 90% of the EV - 1000 BTC volume * 1% HE = 1 BTC expected profit Investors get 90% of 1 BTC, or 0.9 BTC Obviously the percentage of the EV is not the only thing that matters, the real thing that matters is what gives you the greatest expected return which would be (volume * bankroll share of HE * your percentage of bankroll), sites that do more volume are more attractive options to investors. Unless you think LIR is going to do several times the volume of every other casino, its a bad investment. |
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Which site is better to invest in? I tried reading the rules for bitdice but got confused...
I haven't heard of bitdice if you want to invest, bitdice or moneypot investing is Risky, But if you really want to invest, invest in moneypot atleast moneypot is well-known and trusted by many users. I also have investment there 0.15 Bitcoin my percent for that is 0.01, Your % is 0.01% ? Each day ? So about 3.5% per year ? That's not good at all. Are you sure ? Or dude you mean you made 0.01btc with an investment of 0.15btc ? That would be good depending on the time it took. I believe he means he owns 0.01% of the bankroll. MoneyPot has outperformed (in terms of % return on investment, not necessarily the absolute return) every publicly bankrolled site since our team has taken over. |
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Well, in less than one minute my shield disappeared and the 95% skill part was completely disappeared with it.
I'm a fan of old games where the most skill incremented the lenght of the game
There is no way to make the all time high score list now since the shield dies so quickly. I like the idea of it being shorter though, as wormat said it means more games, also means you need to maximize the duration of the game. The shield is dying as quickly now as it always has, the code which handles this is unchanged. That being said, it is impossible to reach the current high score list without getting 3 shield recharges and 3 emp bombs. I get your comments though, maybe we should decrease the speed at which the shield degenerates a bit. Was anything else changed? I had a huge blue core, but when I tried to use its energy for a shield it exploded on me almost immediately. Its impossible to get over 2000 points (I played a few rounds), because when the shield runs out you have to rely on the power up shield until some powerups float by |
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Well, in less than one minute my shield disappeared and the 95% skill part was completely disappeared with it.
I'm a fan of old games where the most skill incremented the lenght of the game
There is no way to make the all time high score list now since the shield dies so quickly. I like the idea of it being shorter though, as wormat said it means more games, also means you need to maximize the duration of the game. |
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I never heard this game before and i think if you can't still receive any email from the server better to stay away from that game maybe this is another scam just to install it in your devices to get your real information.
They are not a scam (I've spoken with the owner quite a bit), the email is probably in your spam/junk box however. |
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Why is moneypot under DDOS attack ?
No one except the DDOSer, probably knows the reason behind the attack. It could be for fun (doubt it), trying to take down a competitor or it is someone who got mad that they lost funds. Could be an extortion attempt as well. Will this effect investments ?
Yes. Since MoneyPot can't be accessed sometimes, the bankroll won't move during that time, and no profit/loss will happen. I'm guessing they will pause till everything is under control. But why is this happening ?
It is happening because someone decided to attack moneypot. Read more here, if your not too busy spamming for YoBit. Maybe after you make your 20 posts? The attack is to complex/resource intensive for it to be someone doing it for fun. We have received no extortion requests, this is almost certainly a competitor. You can't afford cloudflare business plan ? We have the most expensive plan that is not $2000 a month. To clarify on this, yes. we do have the business plan with CloudFlare. |
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Forget upgrade speeds and crap. Get better security.
And yet one more LIR troll. Unbelievable. Ignored and left negative trust. For the non trolls, DDoS attacks are not something you can prevent from happening, all you can do is make it more difficult for the attacker. So everyone who has a problem with moneypot is now a LIR troll? You are the WORST business owner I ever spoke to and I HOPE and PREY that the attacks continue until you are forced to go bankrupt. Do you realize how easy it is to see the post history of people that comment on things? You are clearly a troll, as is Daffadile. |
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Forget upgrade speeds and crap. Get better security.
And yet one more LIR troll. Unbelievable. Ignored and left negative trust. For the non trolls, DDoS attacks are not something you can prevent from happening, all you can do is make it more difficult for the attacker. |
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I think you need to update the statistics on your site, as I see it is not up to date. For example, luckyb.it total wagered is in fact more than 100k btc wagered but on your site is only 71k btc wagered. Too big differences imo, I think it is because you made this site since few months ago and just launched it now without updating the statistics.
Luckybit stats are four months off. I'll fix the crawler for that soon. I didn't make this site a few months ago... It has been alive and collecting data every 30 minutes since late 2014. Are you sure stats are correct? The 351 bets per second (for all casinos) is off, MoneyPot alone does over 100 bets a second (and I'm sure PD does at the very least a similar # of bets per second). Edit: The leaderboard is also off, BetterBets is being excluded from weekly/monthly wagered. 2nd Edit: I see you are adding it currently. Awesome review site by the way, very user friendly, also nice to see stats on other casinos outside of the ~10 or so on dicesites |
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Good luck with that investment. I'm sure you'll regret it soon.
There's no need to be a snarky asshole about it. We get it, you had a bad experience withdrawing. Move on, the rest of us have been using MoneyPot for years and are not put off by such a small glitch. A small glitch? Getting annihilated by a DDos attack is not a small glitch. Its a fatal flaw. Actually, getting hit with a DDoS isn't a glitch at all, it's a malicious attack that the host cannot control or prevent. Blaming MoneyPot for a DDoS attack against them is like blaming your local grocery store for the graffiti that appeared on their back wall. It's not their fault, doesn't actually interfere with their business much, and really isn't their responsibility to fix anyway. You have never operated a web host or web service. I can tell, because you are upset at someone for something they have no control over. Several people tried to be kind and gently explain that this type of attack is not something that you simply "pay to fix". Even the worlds' finest backbones and strongest protections cannot totally prevent the effects of a DDoS from spilling over into the user experience. It is simply unreasonable to expect any business to have 100% uptime or to have downtimes shorter than an arbitrary length. Nobody in the world, not Bill Gates, Warren Buffet, or Donald Trump, is capable of preventing a DDoS, and all of them are only able to mitigate one as well as the premier services in the industry do it - namely, the one MoneyPot is already paying for.I will not be kind. Your attitude stinks and you need a verbal smackdown. By demanding that MoneyPot do more than they have concerning the DDoS, you are being an unreasonable customer that any sane business would refuse service to. MoneyPot is under no obligation to provide timely service to anyone and the fact that you've gotten what you have so far is a privilege, not a right, and MoneyPot is very well within their capability to take your money and close your account. They didn't do that, so shut the fuck up and piss off.You do know that moneypot has been under new ownership for the last 6 months. RIGHT?
Yes, and I also know that MoneyPot suffered a severe DDoS attack when it was still under Ryan's ownership that caused the system to be offline for an extended period of time. That wasn't his fault then any more than it is DD's fault today. If you don't like using services that could potentially be brought down by DDoS attacks, then don't use the Internet. I disagree in that it is within our right to take his money, however if he is this unhappy we would gladly close his account (I'm pretty sure he doesn't actually have an account with us). Please send me proof of ownership of an account and we can withdrawal any balance you have remaining on the site. All I can suggest is that people hit the "ignore" button under this guys name, he has been trolling my posts throughout the forum. His account is nothing more than a sockpuppet for Let It Ride (which is almost certainly a scam), even in best case scenario Let It Ride is a terrible investment for people, no one on this forum seems to understand opportunity cost. |
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