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Valzador
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July 20, 2016, 07:40:17 AM |
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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?
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ranlo
Legendary
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Activity: 2156
Merit: 1009
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July 20, 2016, 08:07:54 AM |
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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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lorylore
Legendary
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Activity: 1470
Merit: 1002
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July 20, 2016, 01:11:37 PM |
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If they want to show their honesty to the investor then they should provide a compensation for all the investors with some fixed interest rate.
The downtime didnt really affect investor so there is nothing to compensate. From your logic, it seems to me that you are saying because of the downtime, investor is not getting any profit, am i right on this? This is crazy logic, the investor could as well lose their money even if the site is up Why is the downtime not affecting the investor and the app owner?? I thought everything came to a halt and there is no gambling done? Or i am wrong that the site is not available but there are still ways that people can move around their funds?
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fulgdenea
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July 20, 2016, 01:14:33 PM |
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I think they need to improve their security measure and move this more secure server, make them sure to keep it online with stability, it is terrible situation what is happening from last few days, DDOS attack and going down again and again.
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AcoinL.L.C
Legendary
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Activity: 1036
Merit: 1001
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July 20, 2016, 02:50:23 PM |
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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. Well, it instantly adds the balance to the app, so it saves a few seconds for a player, but as Ranlo said there isn't really anything different about it compared to just adding to your normal MP balance. I think they need to improve their security measure and move this more secure server, make them sure to keep it online with stability, it is terrible situation what is happening from last few days, DDOS attack and going down again and again.
We have already discussed this multiple times. Our security is top notch, that has never been the issue. DDoS attacks are an inherent flaw of the internet. The last few days was not due to a DDoS attack, we haven't been down due to a DDoS attack for a while now (even though they are still hitting), it seems our last preventative measures against them seem to be working. If they want to show their honesty to the investor then they should provide a compensation for all the investors with some fixed interest rate.
The downtime didnt really affect investor so there is nothing to compensate. From your logic, it seems to me that you are saying because of the downtime, investor is not getting any profit, am i right on this? This is crazy logic, the investor could as well lose their money even if the site is up Why is the downtime not affecting the investor and the app owner?? I thought everything came to a halt and there is no gambling done? Or i am wrong that the site is not available but there are still ways that people can move around their funds? People were (and are) free to pullout their funds. And there actually was gambling over the timeframe of the deposit issues, albeit much less than usual.
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stingleword
Legendary
Offline
Activity: 1008
Merit: 1001
Out of crypto entirely and don't miss it
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July 20, 2016, 02:56:17 PM |
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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. Apps that use the explicit flow option (i.e. server-based operation) have the option to submit +EV bets backed by the app bankroll. The app owner would need to deposit to the app for this function to work.
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Crypto is dead, its community is a series of bad jokes.
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AcoinL.L.C
Legendary
Offline
Activity: 1036
Merit: 1001
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July 20, 2016, 03:13:41 PM |
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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. Apps that use the explicit flow option (i.e. server-based operation) have the option to submit +EV bets backed by the app bankroll. The app owner would need to deposit to the app for this function to work. That is correct for app owners, however I believe he is talking about players depositing directly to apps
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cazkooo
Legendary
Offline
Activity: 1540
Merit: 1013
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July 20, 2016, 03:20:28 PM |
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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. Apps that use the explicit flow option (i.e. server-based operation) have the option to submit +EV bets backed by the app bankroll. The app owner would need to deposit to the app for this function to work. That is correct for app owners, however I believe he is talking about players depositing directly to apps It does have some difference, the funds that you deposit to an apps will let the apps to have full control over it and of course if you trust the operator of the apps then it is fine but still the best security is to put your money on moneypot and only deposits on the apps whenever you want to use it
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JackpotRacer
Legendary
Offline
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
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July 20, 2016, 03:25:12 PM |
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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. Apps that use the explicit flow option (i.e. server-based operation) have the option to submit +EV bets backed by the app bankroll. The app owner would need to deposit to the app for this function to work. That is correct for app owners, however I believe he is talking about players depositing directly to apps It does have some difference, the funds that you deposit to an apps will let the apps to have full control over it and of course if you trust the operator of the apps then it is fine but still the best security is to put your money on moneypot and only deposits on the apps whenever you want to use it just try to talk to the matter and not for your sig the user asked a very correct question because if you own an app you have the app balance (earned coins) that you can withdraw and there is also an option to deposit and he was wondering why is there an option to deposit. and stingle explained it very well because he is an app owner easy as that edit it looks like this from an app owner view
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Valzador
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July 21, 2016, 12:12:44 AM |
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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. Apps that use the explicit flow option (i.e. server-based operation) have the option to submit +EV bets backed by the app bankroll. The app owner would need to deposit to the app for this function to work. That is correct for app owners, however I believe he is talking about players depositing directly to apps It does have some difference, the funds that you deposit to an apps will let the apps to have full control over it and of course if you trust the operator of the apps then it is fine but still the best security is to put your money on moneypot and only deposits on the apps whenever you want to use it just try to talk to the matter and not for your sig the user asked a very correct question because if you own an app you have the app balance (earned coins) that you can withdraw and there is also an option to deposit and he was wondering why is there an option to deposit. and stingle explained it very well because he is an app owner easy as that edit it looks like this from an app owner view Yea I was talking about this one. 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. Apps that use the explicit flow option (i.e. server-based operation) have the option to submit +EV bets backed by the app bankroll. The app owner would need to deposit to the app for this function to work. Wouldn't it be more efficient (but less secure) if you just had your own bankroll running on that server?
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stingleword
Legendary
Offline
Activity: 1008
Merit: 1001
Out of crypto entirely and don't miss it
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July 21, 2016, 02:24:59 AM |
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Apps that use the explicit flow option (i.e. server-based operation) have the option to submit +EV bets backed by the app bankroll. The app owner would need to deposit to the app for this function to work.
Wouldn't it be more efficient (but less secure) if you just had your own bankroll running on that server? Your own bankroll would have to come with your own deposit and withdrawal backend and game integration engine, so I wouldn't characterize it as "more efficient" or "less secure".
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Crypto is dead, its community is a series of bad jokes.
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JasonXG
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July 21, 2016, 01:52:22 PM |
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Apps that use the explicit flow option (i.e. server-based operation) have the option to submit +EV bets backed by the app bankroll. The app owner would need to deposit to the app for this function to work.
Wouldn't it be more efficient (but less secure) if you just had your own bankroll running on that server? Your own bankroll would have to come with your own deposit and withdrawal backend and game integration engine, so I wouldn't characterize it as "more efficient" or "less secure". Lol that doesn't even make sense. You dont understand how moneypot works if you think you should have your own bankroll running on the server. There so many flaws in that idea.
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AcoinL.L.C
Legendary
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Activity: 1036
Merit: 1001
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July 21, 2016, 02:19:14 PM |
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Hey y'all, we will have a few announcements over the next few weeks regarding updates (particularly on what we are doing to prevent downtime in the future), and some other cool stuff.
If anyone has any questions/comments/concerns or suggestions for new features feel free to give Ranlo, Dogedigital or I a PM and we will get back to you quickly.
Thanks for using MoneyPot!
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DebitMe
Legendary
Offline
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
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July 21, 2016, 02:55:14 PM |
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Hey y'all, we will have a few announcements over the next few weeks regarding updates (particularly on what we are doing to prevent downtime in the future), and some other cool stuff.
If anyone has any questions/comments/concerns or suggestions for new features feel free to give Ranlo, Dogedigital or I a PM and we will get back to you quickly.
Thanks for using MoneyPot!
Are there any plans to increase statistics around investment portion? Graphs and more information would be ideal. It would be cool to see a breakdown of which casino's are making profit and which aren't all on one page. Tracking the change in profit both individual and total would be nice. Also, would it be possible to have real time changes on the bets page so I don't have to refresh to see if it changed?
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DarkStar_
Legendary
Offline
Activity: 2772
Merit: 3288
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July 21, 2016, 02:58:14 PM |
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Hey y'all, we will have a few announcements over the next few weeks regarding updates (particularly on what we are doing to prevent downtime in the future), and some other cool stuff.
If anyone has any questions/comments/concerns or suggestions for new features feel free to give Ranlo, Dogedigital or I a PM and we will get back to you quickly.
Thanks for using MoneyPot!
Are there any plans to increase statistics around investment portion? Graphs and more information would be ideal. It would be cool to see a breakdown of which casino's are making profit and which aren't all on one page. Tracking the change in profit both individual and total would be nice. Also, would it be possible to have real time changes on the bets page so I don't have to refresh to see if it changed? Nice graphs and stuff here with a lot of what you want: http://www.eeeth.com/mpstats/Seems to fit with the moneypot theme, so it might be added for real later. There is also http://www.eeeth.com/mpstats/admin/ for hourly, daily, weekly and monthly stats. You can also use https://dicesites.com/moneypot for looking at which apps are in profit, and which apps aren't, all on one page. It is lifetime stats though, and only includes sites with over 10 BTC wagered or +-1 BTC profit.
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taking a break - expect delayed responses
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DebitMe
Legendary
Offline
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
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July 21, 2016, 03:00:36 PM |
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Hey y'all, we will have a few announcements over the next few weeks regarding updates (particularly on what we are doing to prevent downtime in the future), and some other cool stuff.
If anyone has any questions/comments/concerns or suggestions for new features feel free to give Ranlo, Dogedigital or I a PM and we will get back to you quickly.
Thanks for using MoneyPot!
Are there any plans to increase statistics around investment portion? Graphs and more information would be ideal. It would be cool to see a breakdown of which casino's are making profit and which aren't all on one page. Tracking the change in profit both individual and total would be nice. Also, would it be possible to have real time changes on the bets page so I don't have to refresh to see if it changed? Nice graphs and stuff here with a lot of what you want: http://www.eeeth.com/mpstats/Seems to fit with the moneypot theme, so it might be added for real later. There is also http://www.eeeth.com/mpstats/admin/ for hourly, daily, weekly and monthly stats. Ooh that is nice, thank you very much for sharing.
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gamblingbad
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July 21, 2016, 05:27:34 PM |
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When will rbies be added?
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▄████████████████ ▐█▀ ▄▄▄▄▄▄▄▄▄██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ▐████████████████████████████ ▄██▄ █████████████████████████████ ▀██▀ ████ █ ▐██ █ ▐▌ ████ ██████▌ █ ██ █ ▐▌ ████ ██ ▐██ █ ▐█▌ █ ▐▌ ████ ██ █ ██ █ ▐▌ ████ ▐█▌ █ ▐█▌ █ █████████ ██ █ █ ▀▀▀▀▀████ ▐█▌ █ █ ████ █ █ █████████████████████████████ ▄█████████████████████████████████ ██████████████████████████████████
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Valzador
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July 21, 2016, 08:32:14 PM |
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Hey y'all, we will have a few announcements over the next few weeks regarding updates (particularly on what we are doing to prevent downtime in the future), and some other cool stuff.
If anyone has any questions/comments/concerns or suggestions for new features feel free to give Ranlo, Dogedigital or I a PM and we will get back to you quickly.
Thanks for using MoneyPot!
Are there any plans to increase statistics around investment portion? Graphs and more information would be ideal. It would be cool to see a breakdown of which casino's are making profit and which aren't all on one page. Tracking the change in profit both individual and total would be nice. Also, would it be possible to have real time changes on the bets page so I don't have to refresh to see if it changed? Nice graphs and stuff here with a lot of what you want: http://www.eeeth.com/mpstats/Seems to fit with the moneypot theme, so it might be added for real later. There is also http://www.eeeth.com/mpstats/admin/ for hourly, daily, weekly and monthly stats. You can also use https://dicesites.com/moneypot for looking at which apps are in profit, and which apps aren't, all on one page. It is lifetime stats though, and only includes sites with over 10 BTC wagered or +-1 BTC profit. It would still be so much more convenient if we could just have some investing graphs on the site itself. Right now i don't know whether ive profited or not from investing cause i keep withdrawing and depositing.
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wormat22
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July 21, 2016, 08:38:21 PM |
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When will rbies be added?
This. It was supposed to be last month..
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AcoinL.L.C
Legendary
Offline
Activity: 1036
Merit: 1001
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July 22, 2016, 01:55:31 PM |
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When will rbies be added?
This. It was supposed to be last month.. The official announcement for when it was supposed to go live was last week: Right now we are focusing on getting a system in place so that we won't have downtime in the future regardless of situation. After that is in place, Rubies will be implemented. It is coming, I know its been a bummer for how long its taken. On another note: Wagering is getting back up to usual, ~240 BTC wagered past 24 hours. Back in the groove 
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