MoneyPot.com :: The bitcoin gambling wallet

[hua_hui]

The "proof of liabilities" list hasn't been updated for more than a week it seems. It is not a big issue so you could leave it behind and fix it when you are back. Have a nice trip.

Thanks, and thanks for reminding me. I've updated it now, showing 777 BTC of liabilities on 1000 btc of assets =)

Does this essentially mean that 223 BTC of it is yours, and the site essentially has 25% more money than is needed to pay off all debtors?

woa now den i noe he has so much btc!!!! woa, how i wish i can have that amount too!!!!

[cazkooo]

woa now den i noe he has so much btc!!!! woa, how i wish i can have that amount too!!!!

Not only 223 but he has more. The first name in the proof of liabilities is his as well so add that plus the bankroll for bustabit now is 656 btc. So you can say he has maybe more than 1k btc in total right now. This is only estimation of the lowest number and you dont even know how much he has on his bank account . 

[ranlo]

Do you have it set up to where fees and such go to a separate account than your personal investment one? Kind of trying to grasp why there's such a big difference in what the site has/owes, .

I guess the thing to note is that the "proof-of-assets" money is merely money to prove I'm solvent, not the exact sites assets. e.g. If you deposit 1 BTC, the sites assets (and liabilities) do go up by 1 BTC, but the money you see on proof of assets is going to be unchanged. Only when the public assets are less than the liabilities, will I dump more money into that address (or might source from it, if there's a run on the site)

I don't provide exact proof of assets, as that would defeat a lot of the builtin privacy features of MoneyPot and it's not particularly important to show which bitcoins I own, but it's extremely important to show that I do own enough bitcoins (to prevent nonsense like operating while insolvent, or even running a ponzi)

Ahhh, got you. Thanks for clarification! That makes sense, and explains a lot, .

[win win win]

Things are looking great! I have increased my investment

[crairezx20]

I just curious what is the use of invest and dinvest of moneypot .com
Invest you can have interest 1% every day just like that?

[RHavar]

I just curious what is the use of invest and dinvest of moneypot .com
Invest you can have interest 1% every day just like that?

Not really, it just allows you to be the "house". So when players win, they win from you (thus you lose money). When players loser, you win. There's a horribly written FAQ that covers it.

[hua_hui]

I just curious what is the use of invest and dinvest of moneypot .com
Invest you can have interest 1% every day just like that?

it is like an invesment. in this case, it is like you put your money into a pool for people to gamble. when they win, they will take the money from this pool and everyone will loss a portion of their investment depending on big % is their contribution to the whole pool. similarly, when the player lose, you get to keep a portion of the bet base on the %.

[RHavar]

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

[ranlo]

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

Was it sold or just given?

[hua_hui]

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

oh no, what happen??? it was one of the advertised app on moneypot!

[RHavar]

Was it sold or just given?

It was sold for a small (but undisclosed) price

oh no, what happen??? it was one of the advertised app on moneypot!

It still is. I think this is a net positive for everyone, as I haven't had any real time to be able to further develop it at all, and I think the whole app has a lot of potential, so it's best off in the hands of someone who's committed to it, instead of stagnating with me =)

[hopenotlate]

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

Do you know if the new owner is going to promote/advertise DustDice here on bitcointalk and make it public as you did?

Just to make an idea of the future steps they are going to take.

[NLNico]

Well new owner already made a thread for it: https://bitcointalk.org/index.php?topic=1221672.0

[JackpotRacer]

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

so it was an internal deal and not an auction that we maybe missed?

[hopenotlate]

Well new owner already made a thread for it: https://bitcointalk.org/index.php?topic=1221672.0

Thanks for that Nico, missed it.

[ranlo]

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

so it was an internal deal and not an auction that we maybe missed?

I'm wondering about this as well. Sometimes people will contact me privately about investments but I still seem to miss out on a lot, .

[RHavar]

so it was an internal deal and not an auction that we maybe missed?

It was just a small private deal. The goal wasn't to sell it to the highest bidder, just someone was interested in the project, and considering that I haven't had the time to do anything with it, it seemed like a win-win. Perhaps a public auction is a better way to see who's the most committed, but lets see how it goes =)


 The app uses the public interface (like all other MP apps) so i don't really see there will be an issue, and hope the new owner can take it to its full potential

[dooglus]

MoneyPot just told me:

  "Unconfirmed bits are added to your balance (ready to be spent) when they show up in one block"

That's a confusing way of writing it. When they show up in one block they aren't unconfirmed. It would be clearer to have it say something like:

  "Deposits require a single confirmation"

or words to that effect.

Edit: oh, also, https://www.moneypot.com/me/history/all has filters for "sends" and "receives", but "tips" don't show up there. Does there need to be a separate filter for tips? I see a few "receives", which look like tips to me, but none of the filters show the tip I recently received from dustdice Ray.

[RHavar]

MoneyPot just told me:

  "Unconfirmed bits are added to your balance (ready to be spent) when they show up in one block"

That's a confusing way of writing it. When they show up in one block they aren't unconfirmed. It would be clearer to have it say something like:

  "Deposits require a single confirmation"

or words to that effect.

Thanks yeah, I'll clean that up. MP has a "balance" and "unconfirmed_balance" (which is exposed to apps, too). And I'm just (poorly) trying to explain they move from the unconfirmed column to the balance after 1 confirmation.

Edit: oh, also, https://www.moneypot.com/me/history/all has filters for "sends" and "receives", but "tips" don't show up there. Does there need to be a separate filter for tips? I see a few "receives", which look like tips to me, but none of the filters show the tip I recently received from dustdice Ray.

Added an issue for that, yeah, tips show up in "all" but don't have their own filter. The difference between "recieve" and "tip" is that receive is on the MP level, while a tip is on the app level. I'll add a specific tip filter. (also really need a app filter too)

[lorylore]

seems like moneypot has taken a big hit on these few days. hope it can gain back up over the weekend.