🌟🎲🌟 MoneyPot.com

[Lanzador]

Any update on altcoin implementations?

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[MillionsBTCdev]

Just for public information:

I am no longer the Lead Developer/coder of Moneypot and have not been since late of July 2016. Reasons are personal but i am still in good terms with Moneypot team and is currently working again on my own app.

Having said this, please do direct all issues to Moneypot team and/or their new dev, CrazyCraig.

Thank you.
-uni

[Lanzador]

Is this due to problems with MP? Or just moving on to other projects?

[retrocoingames]

Is MoneyPot working on an affiliate program at all?

[rrtyui123]

Wow, this is cool, wish there was a faucet though

[hua_hui]

My understanding is (this may be incorrect), that MP will take 1/2 of the HE between their own commission and the app owner commission, and 1% HE seems to be pretty standard to me.

It used to be, but it's now 70% (50% for app, 20% for MP)

I would disagree with this. A bankroll investor will need to risk the possibility that a casino operator will run away will the coins in the bankroll, that the seeds will somehow leak, allowing someone to cheat, and drain ~the entire bankroll, that the coins are otherwise stolen from the casino and the operator cannot afford to cover the cost of the theft, among other possible risks. In order to measure how appropriate it is to take these risks, a potential bankroll investor will need to know how much they should expect to earn by taking these risks.

There are other investments that a potential bankroll investor can make (eg investing in a company, lending for margin loans on an exchange, investing in the stock market), and an investor should invest his money in what he believes have the best risk/reward proposition.

Fair enough. What I would do is to try estimate the EV of the investment as a whole (which is a total crap shoot that involves pulling numbers from your ass for things like counter-party risk) and then use that to determine how much I should risk in the investment itself (which itself uses the kelly <3). But lets say I guestimated the total EV of investing in MP at 1 BTC for the year, I would never actually personally "expect" to make that because there's so many variables (I could easily lose the entire investment, or make double it)

People also need to take into consideration divestment/investment betting as well. There are so many variables. One thing I was planning to do was run a weekly analysis on return, but decided it may not have much use since the past is no determinant of the future so the data, while it's good for the existing period, has no real value going forward. That said, if people do feel it would have value, I can definitely do that moving forward and report weekly or monthly or whatever.

You cannot say that the past have no determinant of the future and so there is no need for data. It reflects on how well MP is doing and is it continue to grow well or sign of slowing down. Similarly, if you can provide data like the weekly profit or so, it gives investors a greater knowledge on their investment choices. They will also have a clearer idea on how MP is doing as compare and how does it stand out from the other gambling sites.

[DebitMe]

Wow, this is cool, wish there was a faucet though

There is a faucet, it is called Jackpot faucet and can be found from the apps page.

[Michail1]

You cannot say that the past have no determinant of the future and so there is no need for data. It reflects on how well MP is doing and is it continue to grow well or sign of slowing down. Similarly, if you can provide data like the weekly profit or so, it gives investors a greater knowledge on their investment choices. They will also have a clearer idea on how MP is doing as compare and how does it stand out from the other gambling sites.

I believe it would be hard to find a site showing weekly profit.  the variance is simply too great.
If MP shows a bad week, then people will start leaving.  Two bad weeks, and the movement will probably more than double.  I think it's dangerous to show 1-2-3 weeks.
I would agree there should be more stats other than simply a lifetime profit though.

Let's be honest, most people want to invest in something if they show a large number for profit.  If you show a small number (not even considering a site losing money for weeks in a row), then you would be less likely to even risk your bitcoin for a small profit, when you might be better off making nothing by having the security of your coins in your own wallet.

Just for public information:

I am no longer the Lead Developer/coder of Moneypot and have not been since late of July 2016. Reasons are personal but i am still in good terms with Moneypot team and is currently working again on my own app.

Having said this, please do direct all issues to Moneypot team and/or their new dev, CrazyCraig.

Thank you.
-uni

Is this due to problems with MP? Or just moving on to other projects?

I would like to know as well.

[J_ROC]

Is MoneyPot working on an affiliate program at all?

MP doesnt have an affiliate program atm, but at bit-exo.com we do offer a referral program.

[dooglus]

I believe it would be hard to find a site showing weekly profit.  the variance is simply too great.
If MP shows a bad week, then people will start leaving.  Two bad weeks, and the movement will probably more than double.  I think it's dangerous to show 1-2-3 weeks.
I would agree there should be more stats other than simply a lifetime profit though.

Just-Dice.com publishes daily profits. Sometimes they're positive and sometimes they're negative.

Anyone investing in a dice site ought to understand that there is a lot of variance. If showing them the facts stops them investing then good - we don't want investors who don't understand what they are investing in.

See https://just-dice.com/misc/wagered.txt for a day-by-day list of the site profits, and https://just-dice.com/images/all_time_profit.png for a chart of the site profit over time. It goes up and down, much as expected.

[ranlo]

I believe it would be hard to find a site showing weekly profit.  the variance is simply too great.
If MP shows a bad week, then people will start leaving.  Two bad weeks, and the movement will probably more than double.  I think it's dangerous to show 1-2-3 weeks.
I would agree there should be more stats other than simply a lifetime profit though.

Just-Dice.com publishes daily profits. Sometimes they're positive and sometimes they're negative.

Anyone investing in a dice site ought to understand that there is a lot of variance. If showing them the facts stops them investing then good - we don't want investors who don't understand what they are investing in.

See https://just-dice.com/misc/wagered.txt for a day-by-day list of the site profits, and https://just-dice.com/images/all_time_profit.png for a chart of the site profit over time. It goes up and down, much as expected.

I think they were wanting personal stats. MP also has public daily profit counters and a chart: http://eeeth.com/mpstats

[dooglus]

I think they were wanting personal stats. MP also has public daily profit counters and a chart: http://eeeth.com/mpstats

I thought all this discussion was in response to someone wanting to know what they can expect to earn by investing in MP:

Let's say I can invest 0.20BTC for 6 months, is there an average on what I would be earning or even a potential, thanks.

[Michail1]

Let's say I can invest 0.20BTC for 6 months, is there an average on what I would be earning or even a potential, thanks.

MP is not a savings account.  You are not paid an interest.

Potential is:
You could lose it all up to owning all bitcoin (if everyone in the world gambled and lost and the other investors, app developers, owners in the site then did the same thing).

Currently, you would be losing money (bitcoin) for the month prior; however, you would have made money in almost every month prior to that.

You are basically gambling with your money without having to pull the trigger and the odds have now slightly turned in your favor.

[gamblingbad]

Any update on altcoin implementations?

This, along with a few other things are being worked on heavily.   Some announcements will be made very soon regarding them all.

CrazyCraig, our new trusted lead developer, has been working his ass off getting everything prepared and getting things rolling for Moneypot.

That have been said for long time and time passes. Still not happend yet.

[Michail1]

Any update on altcoin implementations?

This, along with a few other things are being worked on heavily.   Some announcements will be made very soon regarding them all.

CrazyCraig, our new trusted lead developer, has been working his ass off getting everything prepared and getting things rolling for Moneypot.

That have been said for long time and time passes. Still not happend yet.

Best to spend time making sure it works than a rushed implementation where all your coins disappear.

[babo]

how can i found a complete list of opensource project with moneypot.com platform? thank you so much for gentle response

[Michail1]

how can i found a complete list of opensource project with moneypot.com platform? thank you so much for gentle response

Have you tried emailing them on their support address located at the bottom of:
https://blog.moneypot.com/faq

I would consider opening a ticket at:
https://blog.moneypot.com/support

[gamblingbad]

Any update on altcoin implementations?

This, along with a few other things are being worked on heavily.   Some announcements will be made very soon regarding them all.

CrazyCraig, our new trusted lead developer, has been working his ass off getting everything prepared and getting things rolling for Moneypot.

That have been said for long time and time passes. Still not happend yet.

Best to spend time making sure it works than a rushed implementation where all your coins disappear.

There is a diffrence use a half year and rush it. No one say rush anything everyone want it be safe.

[alexbilodeau]

Hello Moneypot admin

Does I can make a new website like PrimeDice or Safedice with my own database and people can create an account instantly with signin with MP?

Thank you!

[CrazyCraig]

Hello Moneypot admin

Does I can make a new website like PrimeDice or Safedice with my own database and people can create an account instantly with signin with MP?

Thank you!

Check out https://github.com/untitled-dice/untitled-dice.github.io. You can use this as the foundation for an MP app.