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App owners I will be posting some important information on slack later this evening about V2.
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App owners and moneypot owners have no risk whatsoever. They take commision from the wagered bitcoins, investors take the real risk of players gambling against their bankroll. So yes, only investors lost.
App owners incur the cost of hosting the app and the cost of marketing/attracting players to play at their app. MP owners incur the cost of attracting app owners to develop MP apps and to attract players to play at MP, as well as the cost of securing funds, and the various seeds. A lot of the costs that both app owners and MP owners incur will be incurred regardless of betting volume, so they are risking that betting volumes will not be high enough so that commissions on bets to cover the costs. On a per bet basis, it is correct to say that MP owners and app owners do not bear any risk on each individual bet, however it is far from accurate to say that they do not bear any risk at all. Yeah, I was referring to per bet basis as you said it. Didn't take the other costs in consideration. Nevertheless I'd still say investors' risk is way greater than it should be. It depends how you look at it. Sites like crypto games and safe dice give 70% ish to investors but sites like BetKing are proposing to give just 30% to investors, same as MP but BetKing will also share in the losses So, it's really uncharted territory here that we're in now Also worth pointing out is that Crypto-Games takes commission AND faucets from the investment pool. So they aren't even covering all the marketing costs -- investors are. There you go - and I think their faucet is much higher than MP's. Not to mention their rainbot... Don't make false statements here. Crypto-Games.net Rainbot funds come from owners and donators, investors have nothing with it. What concerns investments We (owners) take 30% of the profit/ losses! and 70% belongs to investors. Detailed explanation is in our FAQ. Crypto-Games cant be compared at all to moneypot. There are no apps or something like that. It even seems to be the best deal for investors because the client seed is generated by Math.random. So the site can easiely cheat the users whenever it wants. This is well known to the owners, because they used same for serverseed at the start, until someone tried to make bank with that knowledge. So this isnt even provably fair at all, but a pretty good deal for investors. Ofc this doesnt belong to this thread, but thought i should mention it (; We don't use Math.random to generate client seed for few months now. We have removed it because some users complain about it. But am curios how could we abuse it without any clientseed hash... ? Would appreciate your expert explanation. We encourage our apps to offer the ability to our users to choose math.random and static seeds. We believe it should truly be in the hands of the user. From what I have learned over the last few months, if anything, is that there will always be someone to say you are doing something wrong. Just ignore it and carry about your day. Listen to your user base. |
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We will be giving a big update tomorrow.
Is that good news or bad news? We have not found any proof or evidence of foul play -- so it's not that type of news. It's news about the future and how we plan to move forward. Haha definitely good news in that case. Though it sounds like you're still looking, right? correct |
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I have already invested on Moneypot in the past.
I would like to know if the funds were discreetly stolen by a malicious person or if Moneypot is simply unlucky.
One thing is certain, the current staff of Moneypot is honest.
They are looking into the matter, we just need to be patient until they find some answers. I saw that in the bitexo chat that AllorBroke said you guys asked him to invest in the bankroll for 30 days, but gave him 15 btc for now. DogeDigital spoke with him, so I'm not exactly sure of the details. What I do know is that "allorbroke" was sent 15 btc and invested the remaining 56 btc into MoneyPot. Do you know if investing in the bankroll was something that he wanted to do, or was it more like that was his only choice? Im not exactly sure but I believe he was given a choice. |
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Provably.io is experiencing some technical issues and will be online shortly.
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I have already invested on Moneypot in the past.
I would like to know if the funds were discreetly stolen by a malicious person or if Moneypot is simply unlucky.
One thing is certain, the current staff of Moneypot is honest.
They are looking into the matter, we just need to be patient until they find some answers. I saw that in the bitexo chat that AllorBroke said you guys asked him to invest in the bankroll for 30 days, but gave him 15 btc for now. DogeDigital spoke with him, so I'm not exactly sure of the details. What I do know is that "allorbroke" was sent 15 btc and invested the remaining 56 btc into MoneyPot. |
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Hey. Can we talk? Who are you? Are you positive of this?
This is worrying, but an easy way for MoneyPot to refute these allegations is to provide proof of solvency. Given how many people have access to the servers I think that would be very appropriate. That's actually not proof if he was doing it as a gambler and just cashing out winnings slowly over time. He asked for proof of solvency. I linked him to our cold address. Regarding proof of user balances etc, we also have https://www.moneypot.com/proof-of-liabilities.txt |
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Since everyone has been patiently  waiting, I wanted to give a quick update: Testing for several v2 methods were tested behind the scenes late last night. It went off without a hitch. There was some tiny issues but nothing serious and I was quick to address the issues. We will be doing more testing in the coming days to ensure that the API is production worthy. We still do not have a release date for API v2. There are still several things that need to be addressed and verified to ensure a smooth transition. Im merely updating on the progress. |
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We are making some much needed changes to the API DNS today. You may experience periodic outages.
DNS changes complete without issue.
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Due to routine faucet abuse, the faucet claim amount has been decreased by 100 satoshi. Please note the faucet will be deprecated in V2 in favor of the bucketing system.
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Due to unforeseen family difficulties, I will have to reschedule the maintenance event planned for this Saturday to a later date.
I will do my best over the next few days to complete some of these behind the scenes.
Sorry for any inconveniences this may have caused.
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Updated with full emoji support.
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I Need Giveaway for try  There is a faucet you can use to experiment with the site! We will be doing giveaways later in the month Could you specify more about the giveaway you are planning and what exactly one needs to do. Just make a account or play some bets, I can't find it hence asking. And is the account supposed to be of some days or new account also valid. If you could help, would appreciate it a lot thanks. Unfortunately the contest ended yesterday. All contests on Provably.io are open to new and old accounts alike. We will be holding another contest shortly after the holidays. Stay tuned! |
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New Update 1.0.3
Changelog
- New chat commands
- Chat Notifications
- New fav icons, touch bar icons
- Limited bet display to 50 each section.
- Fixed a bug with the Autobot
- Fixed a bug where the sidebar would stay open on mobile.
Chat Commands
- b:id
returns formatted bet id with link.
ex: b:101 returns [101]
- u:username || @username
returns formatted username with link
ex: u:crazycraig returns @crazycraig
@crazycraig returns @crazycraig
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I just read this post, I still don't understand how the app owner can get the user token without malicious code!
The app owner is always given the token. And besides, the app doesn't even need the users token in order to access the money. (It can directly access it itself). Only put what you are willing to trust in an app (as it's clear by the warnings) Although the important thing to note, is if you put X in an app, the app can steal up to X. But it can never undetectably do so. i.e. It can never rig the bets. But it can bet without you authorizing it to. And it can transfer without you authorizing it to. However, if it does nasty stuff like that, at least you'll know it. (But you'll still lose your money). What is the reason why an app owner can access the money without even using the player token? I find it very dangerous. Its like all orther casino sites, when you deposit to a casino site "wallet on MP" to "casino owner" then you build on trust, if you move x bitcoin from you wallet to a orther casino site with own br, then you have the same risk. Unclear why they need access to the bits though? Given that they're not actually processing the bets, what's the rationale behind letting the app owners access the bits at all? I've tested making my own app on MP and never needed to actually be able to take the bits to get the functionality that I wanted An app doesn't have control of the bits as you think as they are not physically in possession of the bits. They are not able to transfer any bits without using MoneyPot's API, which in itself, leaves a history trail. If anything malicious were to occur, MoneyPot would know. At anytime, a user could transfer the bits from the app, even if the app were to suddenly disappear. An app handles the delegation of a users bits through wagers and tips. An app needs these abilities in order to function. With the current setup, an app tells the API how much the user wants to wager. MoneyPot makes sure that the funds are present and handles the wager and 100% of the transaction ledger. MoneyPot itself adds and deducts funds from the users balance. The warning itself exists as it is theoretically possible for an app owner to act malicious and tip users funds to his or her account or place wagers without the users permission. If these acts shall occur, it is important that the user alert the Moneypot staff immediately so we can investigate the issue. As a user, it is also your job to ensure the safety of your funds. After you are done wagering, transfer your funds back into your Moneypot wallet, and again, report anything suspicious. MoneyPot will do its job by continuously vetting apps and making sure that approved apps remain complicit. Two of the things that we have on the roadmap are automation and an improved token system for confidential apps. Automation will allow us yo have scripted users that test the functionality of approved apps to make sure that they remain properly operational. Think of this as a sort of unit test. You explained why the wager function is necessary, but not the tip function. I don't understand why the app owners need to have the ability to tip people with other people's bits The tip function in API v1 is used as a catch all. Developers use it to develop PVP games and other features that the basic API doesnt support. On top of this, the tip feature is used in cases such as Bit-Exo's rain feature. It adds sociableness to games. |
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I just read this post, I still don't understand how the app owner can get the user token without malicious code!
The app owner is always given the token. And besides, the app doesn't even need the users token in order to access the money. (It can directly access it itself). Only put what you are willing to trust in an app (as it's clear by the warnings) Although the important thing to note, is if you put X in an app, the app can steal up to X. But it can never undetectably do so. i.e. It can never rig the bets. But it can bet without you authorizing it to. And it can transfer without you authorizing it to. However, if it does nasty stuff like that, at least you'll know it. (But you'll still lose your money). What is the reason why an app owner can access the money without even using the player token? I find it very dangerous. Its like all orther casino sites, when you deposit to a casino site "wallet on MP" to "casino owner" then you build on trust, if you move x bitcoin from you wallet to a orther casino site with own br, then you have the same risk. Unclear why they need access to the bits though? Given that they're not actually processing the bets, what's the rationale behind letting the app owners access the bits at all? I've tested making my own app on MP and never needed to actually be able to take the bits to get the functionality that I wanted An app doesn't have control of the bits as you think as they are not physically in possession of the bits. They are not able to transfer any bits without using MoneyPot's API, which in itself, leaves a history trail. If anything malicious were to occur, MoneyPot would know. At anytime, a user could transfer the bits from the app, even if the app were to suddenly disappear. An app handles the delegation of a users bits through wagers and tips. An app needs these abilities in order to function. With the current setup, an app tells the API how much the user wants to wager. MoneyPot makes sure that the funds are present and handles the wager and 100% of the transaction ledger. MoneyPot itself adds and deducts funds from the users balance. The warning itself exists as it is theoretically possible for an app owner to act malicious and tip users funds to his or her account or place wagers without the users permission. If these acts shall occur, it is important that the user alert the Moneypot staff immediately so we can investigate the issue. As a user, it is also your job to ensure the safety of your funds. After you are done wagering, transfer your funds back into your Moneypot wallet, and again, report anything suspicious. MoneyPot will do its job by continuously vetting apps and making sure that approved apps remain complicit. Two of the things that we have on the roadmap are automation and an improved token system for confidential apps. Automation will allow us yo have scripted users that test the functionality of approved apps to make sure that they remain properly operational. Think of this as a sort of unit test. |
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For those who missed it, the end of the contest was very thrilling with Bigdaddy and Masterchief going at it hard. (No pun intended).
- Bigdaddy has opted for a bitcoin alternative and has been sent his funds via moneypot.
- Awaiting confirmation from ndnh
- Awaiting contact from Masterchief.
We will be doing another contest like this after the holidays! Be sure to check back!
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