Bitcoin Forum
June 23, 2024, 12:40:15 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 [96] 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 »
  Print  
Author Topic: 🌟🎲🌟 MoneyPot.com  (Read 119025 times)
ranlo
Legendary
*
Offline Offline

Activity: 1974
Merit: 1007



View Profile
November 10, 2016, 02:36:11 AM
 #1901

Sorry, a little confused, where is the guaranteed investment option?  Or is that still in the works?

I'd be interested to hear about this too. Where did you hear about it?

I'm not sure there is any such thing as a guaranteed investment, but am willing to learn more.

Fixed investment would be a better term than guaranteed

Editing for clarification so this isn't taken the wrong way: We will not be calling it a guaranteed investment. No investment is guaranteed.

You mean to say, if people invest X amount and your site gives X + some fixed % of interest for a fixed term? Is that correct?

If that it correct then you can call it even guaranteed investment because investors no way they can lose the money in this investment type unless it is different from what I understood.

The issue with saying "guaranteed" is nothing is guaranteed. Even the money at your bank, backed by the FDIC or another insurance agency, isn't guaranteed, despite how many people like to think it is.

https://nanogames.io/i-bctalk-n/
Message for info on how to get kickbacks on sites like Nano (above) and CryptoPlay!
Text
Hero Member
*****
Offline Offline

Activity: 2408
Merit: 591


Bitcoin Casino Est. 2013


View Profile
November 10, 2016, 02:52:07 AM
 #1902

I think the word guarantee is not suitable for investment. Because investing is indeed risky, but we can lessen the risk if we know how to manage it and use the best strategy and techniques for us to be successful. Well I know we have different understanding so you have your own opinion too.

███▄▀██▄▄
░░▄████▄▀████ ▄▄▄
░░████▄▄▄▄░░█▀▀
███ ██████▄▄▀█▌
░▄░░███▀████
░▐█░░███░██▄▄
░░▄▀░████▄▄▄▀█
░█░▄███▀████ ▐█
▀▄▄███▀▄██▄
░░▄██▌░░██▀
░▐█▀████ ▀██
░░█▌██████ ▀▀██▄
░░▀███
▄▄██▀▄███
▄▄▄████▀▄████▄░░
▀▀█░░▄▄▄▄████░░
▐█▀▄▄█████████
████▀███░░▄░
▄▄██░███░░█▌░
█▀▄▄▄████░▀▄░░
█▌████▀███▄░█░
▄██▄▀███▄▄▀
▀██░░▐██▄░░
██▀████▀█▌░
▄██▀▀██████▐█░░
███▀░░
AcoinL.L.C
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000



View Profile
November 10, 2016, 03:06:19 AM
 #1903

I think the word guarantee is not suitable for investment. Because investing is indeed risky, but we can lessen the risk if we know how to manage it and use the best strategy and techniques for us to be successful. Well I know we have different understanding so you have your own opinion too.

Please keep your signature campaign post spam out of this thread. The last several posts clearly state we will not be labeling it as guaranteed.
Lanzador
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
November 10, 2016, 03:33:46 PM
 #1904

So....how's the Ruby integration coming? We're into November now, which is when you guys said it would be finished. Eager to hear about any updates
CrazyCraig
Sr. Member
****
Offline Offline

Activity: 501
Merit: 340


Bye Felisha!


View Profile
November 10, 2016, 03:54:55 PM
 #1905

So....how's the Ruby integration coming? We're into November now, which is when you guys said it would be finished. Eager to hear about any updates

Alt coin support is coming in API v2
dooglus
Legendary
*
Offline Offline

Activity: 2940
Merit: 1330



View Profile
November 10, 2016, 08:04:20 PM
 #1906

I'm not sure there is any such thing as a guaranteed investment, but am willing to learn more.

You can read discussion regarding this on 12th page of this thread

Thanks a lot for the pointer.

I remember a few years ago people were asking for the same kind of thing at Just-Dice. I looked into it and saw that it made no sense at all to offer such a thing.

If an investor cannot lose then what use are they to the site? The only reason a dice site wants investors rather than bankrolling it themselves is so that they don't get hurt too badly if the players get lucky. It's a way of spreading the risk. But if you have investors who literally are taking no risk at all, but still taking a profit, they are doing nothing but harming you. They aren't offering any way of spreading the risk, but are taking some of the profits that you could otherwise keep for yourself.

Look at it this way: I want to invest 100 BTC as a guaranteed investment for a year. The site offers me 3% for this. They can't risk using that 100 BTC to pay out winners, because they need to keep it in reserve to pay me back at the end of the year. So how about I just keep the 100 BTC in my own wallet for the year and promise not to spend it. And the site can just send me the extra 3 BTC at the end of the year. That sounds like a good deal to me. Let's make it 1000 BTC instead, and the site can send me 30 BTC at the end of the year.

It'll be a set % roi by the term you select for those wishing to have a constant and steady source of positive investment rather than 'gamble' with the volatility of the house bankroll.

We have absolutely no plans to do anything illegal and it definitely will not rely on other people's funds to cover others.  Until it's announced/released, I can't really talk on the subject any further than that.  

If the interest doesn't come from other people's funds, where does it come from? If the site makes a profit over the term, it could come from the profit (and less profit would go to the real investors who are willing to take a loss), but what if the site makes a loss over the term? Is the site itself going to cover the interest? Why would the site want to do that when they get nothing out of the deal?

Mmm...so you're saying the house will absorb basically any losses...sounds like a risky strategy unless you have a huge bankroll compared to your investors - which begs the question why you even need any investors.

No, the house bankroll funds and the fixed interest funds are separate funds.  We're not taking the fixed interest funds and just putting it into the house bankroll funds.  More will be explained when the time comes to be announced/launched.

If you're not putting the fixed interest funds into the bankroll how will they grow? Will you be investing them in some other 100% guaranteed profitable investment? If so, why wouldn't I just invest directly in that thing rather than having you do it for me?

It's not really that risky if structured properly.  For example let's say that the average moneypot return was 20% a year.

I would happily offer 7.5% guaranteed to a max exposure of 5BTC.

Worst case if somehow the bankroll gets wiped out I owe 5BTC plus interest, far more likely case I just pocketed 12.5% +/- on your 5BTC.

So you're an MP investor, making an expected 20 BTC return per year on your 100 BTC investment let's say.

Some guy approaches you (off site) and offers to lend you 5 BTC for a year, at 7.5% interest.

Would you really happily take that loan?

Whether your investment performs well or badly, you end up giving him the 5 BTC back plus 7.5% interest. Either way you are 7.5% of 5 BTC worse off than if you hadn't accepted the loan.

But, you say... You're going to take the 5 BTC at 7.5% and invest it on MoneyPot and make 20% off of it.

Wouldn't you be better off just investing an extra 5 BTC of your own rather than borrowing it at 7.5% interest?  You have an extra 5 BTC hanging around, right? You had better, because you'll need it (plus interest) to pay back the loan if the bankroll gets wiped out.

Just-Dice                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   Play or Invest                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   1% House Edge
RHavar
Legendary
*
Offline Offline

Activity: 2557
Merit: 1886



View Profile
November 10, 2016, 08:49:13 PM
 #1907

They can't risk using that 100 BTC to pay out winners, because they need to keep it in reserve to pay me back at the end of the year.

Well, I think that constraint needs to be relaxed for fixed-interest investing to make sense.


Let's say I borrowed 1000 BTC from you at 3% interest over a year. I throw that 1000 BTC in my bankroll, knowing that I can attract more action on my site. Even if a whale wins a lot of that money in the short term, he (or someone else) will probably maybe lose it back to the site. If everything goes well after a year, I give you back 1030 BTC and profited from the increased action on my site. If things go badly, I need to refinance the loan or declare bankruptcy.  Tongue


It doesn't sound particularly appealing for investors (and even stressing on MP's behalf, as it would effectively imply fractional reserving and needing to worry about bank runs and blah blah), but in the real world there are billions of dollars of loans/investments built on pretty similar principles

Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
mbbtc01
Full Member
***
Offline Offline

Activity: 137
Merit: 100

Free Just Ask


View Profile
November 10, 2016, 11:55:10 PM
 #1908

will are bitcoin be safe on you server as don't look the idea of having my coin on a site that I don't control 

AcoinL.L.C
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000



View Profile
November 11, 2016, 12:40:41 AM
 #1909

will are bitcoin be safe on you server as don't look the idea of having my coin on a site that I don't control 

We store very little Bitcoin on our server, we only keep a small amount of Bitcoin onsite in a hot wallet to process withdrawals. As to the second part of your question, that comes down to your judgement.
Erza
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


View Profile
November 11, 2016, 12:51:35 AM
 #1910

They can't risk using that 100 BTC to pay out winners, because they need to keep it in reserve to pay me back at the end of the year.

Well, I think that constraint needs to be relaxed for fixed-interest investing to make sense.


Let's say I borrowed 1000 BTC from you at 3% interest over a year. I throw that 1000 BTC in my bankroll, knowing that I can attract more action on my site. Even if a whale wins a lot of that money in the short term, he (or someone else) will probably maybe lose it back to the site. If everything goes well after a year, I give you back 1030 BTC and profited from the increased action on my site. If things go badly, I need to refinance the loan or declare bankruptcy.  Tongue


It doesn't sound particularly appealing for investors (and even stressing on MP's behalf, as it would effectively imply fractional reserving and needing to worry about bank runs and blah blah), but in the real world there are billions of dollars of loans/investments built on pretty similar principles

AFAIK that if you have 1000 btc to invest. I know that you will get a lot just from investment without doing anything. Moreover this is what you do in investment of gambling. But if you spend some on gambling too you might get something and get a lot too

Let say nottardy. He suddenly become a big whale after hitting thst big jackpot but do he come back? I dont see him around anymore, instead of coming back he makes a lot from yahoo apps so not all big whale will lose back from what they winning though
Michail1
Legendary
*
Offline Offline

Activity: 1498
Merit: 1164



View Profile WWW
November 11, 2016, 01:33:39 AM
 #1911

AFAIK that if you have 1000 btc to invest. I know that you will get a lot just from investment without doing anything. Moreover this is what you do in investment of gambling. But if you spend some on gambling too you might get something and get a lot too

Let say nottardy. He suddenly become a big whale after hitting thst big jackpot but do he come back? I dont see him around anymore, instead of coming back he makes a lot from yahoo apps so not all big whale will lose back from what they winning though

Just cause you have 1000BTC to 'invest' doesn't mean you should put it into a gambling site.
I still wonder why people think 'investment' means a guaranteed gain/profit.  Strange to see people put in 1BTC and wonder why they're haven't doubled their money in a week if not having doubled it instantly.

Nottardy was back today.  He only bet some, but did end up losing 1BTC back to MP in the end.


ranlo
Legendary
*
Offline Offline

Activity: 1974
Merit: 1007



View Profile
November 11, 2016, 05:06:00 AM
 #1912

AFAIK that if you have 1000 btc to invest. I know that you will get a lot just from investment without doing anything. Moreover this is what you do in investment of gambling. But if you spend some on gambling too you might get something and get a lot too

Let say nottardy. He suddenly become a big whale after hitting thst big jackpot but do he come back? I dont see him around anymore, instead of coming back he makes a lot from yahoo apps so not all big whale will lose back from what they winning though

Just cause you have 1000BTC to 'invest' doesn't mean you should put it into a gambling site.
I still wonder why people think 'investment' means a guaranteed gain/profit.  Strange to see people put in 1BTC and wonder why they're haven't doubled their money in a week if not having doubled it instantly.

Nottardy was back today.  He only bet some, but did end up losing 1BTC back to MP in the end.



This x100. If investing wasn't risky, nobody would ever need an investment. The whole point behind it is to help lessen the personal risk, otherwise why would you give everyone else guaranteed income when you could have taken it all for yourself? NO investment is guaranteed. Even holding your cash is risky (outside of inflation, which is actually a guaranteed loss, you're risking loss through fire, theft, etc.). There's a saying, "nothing in this world is guaranteed except death and taxes."

https://nanogames.io/i-bctalk-n/
Message for info on how to get kickbacks on sites like Nano (above) and CryptoPlay!
betmp
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
November 11, 2016, 03:49:57 PM
 #1913

How did this bet got accepted? Bet of 50,000 bits attempted to win 500 bitcoins...
https://www.moneypot.com/bets/631806614
DarkStar_
Legendary
*
Offline Offline

Activity: 2772
Merit: 3282


View Profile WWW
November 11, 2016, 04:14:58 PM
 #1914

How did this bet got accepted? Bet of 50,000 bits attempted to win 500 bitcoins...
https://www.moneypot.com/bets/631806614
I'd like to know this too, as since it was a 1.08% house edge, the maximum risk should a be ~7 BTC max win.

taking a break - expect delayed responses
Dogedigital (OP)
Legendary
*
Offline Offline

Activity: 1330
Merit: 1000


View Profile
November 11, 2016, 04:22:53 PM
Last edit: November 11, 2016, 04:58:16 PM by Dogedigital
 #1915

Currently working on a fix now.

Edit; Bug Bounty has been rewarded for the tip.
Emerge
Legendary
*
Offline Offline

Activity: 854
Merit: 1000



View Profile
November 11, 2016, 04:44:01 PM
 #1916

It's not easy to navigate the posts here, but is API V2 Cross compatible with API v1? Or will we have to completely rebuild the current apps?
Dogedigital (OP)
Legendary
*
Offline Offline

Activity: 1330
Merit: 1000


View Profile
November 11, 2016, 04:57:17 PM
 #1917

It's not easy to navigate the posts here, but is API V2 Cross compatible with API v1? Or will we have to completely rebuild the current apps?
------------------
Quote from: crazycraig
V2 will have the same API methods as V1. The same routes will exist, just with added routes. 

For an app to migrate to V2, they will need to update endpoint from API.Moneypot.com/V1 to URL/V2.

It should be as simple as switching hte API endpoint

We will have it setup with both being compatible for a temporary period and will help with the transition for existing app owners.  After a short while, the V1 api will expire.

Lanzador
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
November 11, 2016, 06:22:28 PM
 #1918

How did this bet got accepted? Bet of 50,000 bits attempted to win 500 bitcoins...
https://www.moneypot.com/bets/631806614
I'd like to know this too, as since it was a 1.08% house edge, the maximum risk should a be ~7 BTC max win.

Fixed now....but how many bets have been accepted similar to this?
zero1ten
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile WWW
November 11, 2016, 06:56:44 PM
 #1919

I invested some btc on this site. Waiting for at least a month to see if it's worth it.
DarkStar_
Legendary
*
Offline Offline

Activity: 2772
Merit: 3282


View Profile WWW
November 12, 2016, 02:00:58 AM
 #1920

I'm having problems with an app. I forked autodice on GitHub, which worked when you went to the github page, but after I changed my app.js, the app just loads a black screen. I've also seen another fork of the script with only changes to the app.js which works, yet mine doesn't. Here is the app.js. Anyone mind taking a look to see what the problem is? Testing on darkstarftw.github.io

taking a break - expect delayed responses
Pages: « 1 ... 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 [96] 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!