🌟🔴🌟🎲🌟🔴🌟MONEYPOT.com -- Crypto Casino Suite and Web Wallet 🌟🔴🌟🎲🌟🔴🌟

[H1_colonization]

Good design, good game. But I just lost 10$ in MONEYPOT 

[Dogedigital]

The App developers are not responsible for Moneypot policies.

Please refrain from personal attacks and keep this thread on topic.  Thank you.

[CrazyCraig]

There is scheduled maintenance on our SocketPot application servers tonight between 10-11pm EST. Expect intervals of downtime.

[staxxd]

Is there any maintenance or anything going on today? Seems like there's been a lot of invalid hashes, invalid wagers and slow bets?

[staxxd]

We are currently getting DDOS'd and are doing our best to mitigate it.  Should clear up soon.

Oh no! Hope they stop <33

[Sora Aoi]

Sending you a PM.

You keep trying to discredit me. I have done nothing wrong! You make me not want to give you my id more and more. You are not being fair! Is this how you treat players of your site? Most likely I would have lost the bitcoin anyway back to your site but you don't even give me a chance without accosting me.

We have not attempted to discredit you in any form.  We did not disclose any information about you or post any details that we have.  

The posting of this in public is all in your own doing and we will still not release any unneeded information on this forum or any other public space.

edit; We have not had any other real problems with any other players.  Your account was specifically flagged.  This isn't to say that we are accusing you of any cheating, but that it requires more investigation after having processed several bitcoin withdrawals already.

Release it. I have done nothing wrong. I don't even know why you are accusing me outside of these flags you speak of in your email!

I was asked for screenshots of addresses and will send them.

Was this resolved?

[Sora Aoi]

Currently under maintenance.

Once back up,

Change of app commission to 40% from 50%
Change of moneypot commission to 10% from 20%.

Investors are now exposed to 50% of the house edge from 30%.

This will be in effect until 1 Billion bets is reached, in which a 10% divestment fee will be placed on investor profit for apps and moneypot.

Can you explain the latter? Perhaps with an example?

Before this update:

Player 'X' bets 100 Bitcoin at a 1% house edge.
App Owner where bet is placed would receive 50%: 100 BTC * .01 (house edge) * .5 (app commission) = 0.5 Bitcoin
Moneypot would receive 20%: 100 BTC * .01 * .2 = 0.2 Bitcoin
Investor would stand to make a theoretical 0.3 Bitcoin based off leftover exposure to house edge.

After this update:

Player 'X' bets 100 Bitcoin at a 1% house edge.
App Owner makes 40%: 100 BTC * .01 * .4 = 0.4 Bitcoin
Moneypot makes 10%: 100 BTC * .01 * .1 = 0.1 Bitcoin
Investor would stand to make a theoretical 0.5 Bitcoin based off leftover exposure to house edge.

After 1B bets update:

Player 'X' bets 100 Bitcoin at a 1% house edge.
Player 'X' stands to theoretically lose 1 Bitcoin based off house edge.
Investor stands to make a theoretical 0.5 Bitcoin after commission.  After divestment fees, investor stands to make 0.4 Bitcoin.
App Owner makes 0.4 Bitcoin (commission) and stands to make share of 0.05 Bitcoin from investor profits.
Moneypot makes 0.1 Bitcoin (commission) and stands to make 0.05 Bitcoin from investor profits.

TLDR; Investors performing at a better kelly criterion and are exposed to higher share of house edge which should theoretically equate to more profits in the long term.

I've been catching up on this thread.

I was not made aware there was a 10% divestment fee for investors. Does this mean that whenever I choose to divest I will lose 10% of my total bitcoins?

Oh, after rereading this, it looks like this 10% divestment fee is strictly for profit.

Please clarify. Thanks.

[Bit-Exo.com]

Currently under maintenance.

Once back up,

Change of app commission to 40% from 50%
Change of moneypot commission to 10% from 20%.

Investors are now exposed to 50% of the house edge from 30%.

This will be in effect until 1 Billion bets is reached, in which a 10% divestment fee will be placed on investor profit for apps and moneypot.

Can you explain the latter? Perhaps with an example?

Before this update:

Player 'X' bets 100 Bitcoin at a 1% house edge.
App Owner where bet is placed would receive 50%: 100 BTC * .01 (house edge) * .5 (app commission) = 0.5 Bitcoin
Moneypot would receive 20%: 100 BTC * .01 * .2 = 0.2 Bitcoin
Investor would stand to make a theoretical 0.3 Bitcoin based off leftover exposure to house edge.

After this update:

Player 'X' bets 100 Bitcoin at a 1% house edge.
App Owner makes 40%: 100 BTC * .01 * .4 = 0.4 Bitcoin
Moneypot makes 10%: 100 BTC * .01 * .1 = 0.1 Bitcoin
Investor would stand to make a theoretical 0.5 Bitcoin based off leftover exposure to house edge.

After 1B bets update:

Player 'X' bets 100 Bitcoin at a 1% house edge.
Player 'X' stands to theoretically lose 1 Bitcoin based off house edge.
Investor stands to make a theoretical 0.5 Bitcoin after commission.  After divestment fees, investor stands to make 0.4 Bitcoin.
App Owner makes 0.4 Bitcoin (commission) and stands to make share of 0.05 Bitcoin from investor profits.
Moneypot makes 0.1 Bitcoin (commission) and stands to make 0.05 Bitcoin from investor profits.

TLDR; Investors performing at a better kelly criterion and are exposed to higher share of house edge which should theoretically equate to more profits in the long term.

I've been catching up on this thread.

I was not made aware there was a 10% divestment fee for investors. Does this mean that whenever I choose to divest I will lose 10% of my total bitcoins?

Oh, after rereading this, it looks like this 10% divestment fee is strictly for profit.

Please clarify. Thanks.

The divestment fee would indeed be strictly for profit. But AFAIK it hasn't been introduced yet so currently you don't pay any divestment fee.

[gordonhill]

Direct Link: https://www.nxter.org/nxt-news-june-2017-ii-vision-without-execution-is-just-hallucination/#bustabit


- The BetterBets.io Team

[fiscorcle]

Direct Link: https://www.nxter.org/nxt-news-june-2017-ii-vision-without-execution-is-just-hallucination/#bustabit


- The BetterBets.io Team

Now that is some exciting news - nice work guys

[BTCforJoe]

So yeah. Apparently MoneyPot.com was hacked, or there were some security issues that was exploited? Granted, I don't have 2FA enabled on my account, and thank God I dumped my balance a few weeks ago, with the exception of a mere 1,000 bits. But those bits were sent to a user by the name of Anth0nYkKs (https://www.moneypot.com/users/anth0nykks)

I never initiated this transaction, and after speaking about this in the app that I gamble on, it appears that other users have been "hacked" as well.



Have there been any other reports of instances like this? I'm just glad I didn't have anything in my account when this happened.

[gapjustin]

So yeah. Apparently MoneyPot.com was hacked, or there were some security issues that was exploited? Granted, I don't have 2FA enabled on my account, and thank God I dumped my balance a few weeks ago, with the exception of a mere 1,000 bits. But those bits were sent to a user by the name of Anth0nYkKs (https://www.moneypot.com/users/anth0nykks)

I never initiated this transaction, and after speaking about this in the app that I gamble on, it appears that other users have been "hacked" as well.



Have there been any other reports of instances like this? I'm just glad I didn't have anything in my account when this happened.

Sorry to say thid, but it's more likely that your account was hacked. Not Moneypot.

I recommend enabling 2FA and not using the same password on multiple sites, especially not if money is involved.

[kmntrci]

hello
my money pot wallet adres is 16oUXVX2paBQWbPawvHovhfXEWLnNwbL6R
i send here some coins
84b77946179fde0455b0efa7171ed92cf349a715a09ee693a9047200822591d9 this is TX
6+ confs but not credited
account balance
help me ?

[Bit-Exo.com]

Our current weekly wagered contest top 3:

1st: Gerasrocha              24.66 BTC
2nd:  Raider3                  15.26 BTC
3rd: J_ROC                     9.87 BTC

10th: Bigmann23             0.69 BTC

This weekly wagered contest will end this Saturday 2017-06-17 at ~ 10:00 UTC.

Prizes:
All prizes are progressive and visible on the weekly wagered tab on our Moneypot app.

By wagering for this contest you also have a chance at both our progressive jackpots!

Jackpot 1: 1.437 BTC
Jackpot 2: 0.162 BTC

Good luck everyone!

[Pascal Parvex]

Since the former Moneypot.com admin ran away with 100 Bitcoins a few months ago*, our investment profits really have been stalling. It looks like the direction is staying on a negative course.







*I'm kidding.

[gordonhill]

[fiscorcle]

Since the former Moneypot.com admin ran away with 100 Bitcoins a few months ago*, our investment profits really have been stalling. It looks like the direction is staying on a negative course.







*I'm kidding.

It is kind crazy how profits have continued going down for so long....at what point is variance no longer an issue do you think?

[fiscorcle]

From April 15th to now, the investor profit has been pretty much sideways throughout.

There's been quite a few players that have been pushing Martingale pretty hard. 

With that type of strategy, player wins are small and steady, but when the martingale strategy inevitably fails at one point, you can see a big drop from a player.

I'm more just asking from a general mathematics standpoint, like at what point can you consider variance satisfied

[ranlo]

From April 15th to now, the investor profit has been pretty much sideways throughout.

There's been quite a few players that have been pushing Martingale pretty hard.  

With that type of strategy, player wins are small and steady, but when the martingale strategy inevitably fails at one point, you can see a big drop from a player.

I'm more just asking from a general mathematics standpoint, like at what point can you consider variance satisfied

Technically, for variance to be equalized over a period of time, it takes tens of billions of repetitions. For a straight 50/50 chance, it's something like 1b rolls before you start to get on par with expectations (or at least expect to as per statistics).

A far more interesting metric would be dealing with the rolls themselves, as opposed to amounts won/lost. For example:

Player 1 is rolling at 0.001 BTC and does 100 rolls. They won 45 and lost 55, so they're at -0.005 BTC
Player 2 is rolling at 1.000 BTC and does 100 rolls. They won 55 and lost 45, so they're at +5.000 BTC

From the BR standpoint, it's down 4.995 BTC. But from a variance standpoint, it's exactly on par.

I've had many runs where I have 10-15%+ more wins than losses at 49.5% on different sites. But because they're small amounts, they don't make a difference. At the same time, a whale losing 10-15% more than wins would show a massive turnaround.

[fiscorcle]

From April 15th to now, the investor profit has been pretty much sideways throughout.

There's been quite a few players that have been pushing Martingale pretty hard. 

With that type of strategy, player wins are small and steady, but when the martingale strategy inevitably fails at one point, you can see a big drop from a player.

I'm more just asking from a general mathematics standpoint, like at what point can you consider variance satisfied

Technically, for variance to be equalized over a period of time, it takes tens of billions of repetitions. For a straight 50/50 chance, it's something like 1b rolls before you start to get on par with expectations (or at least expect to as per statistics).

A far more interesting metric would be dealing with the rolls themselves, as opposed to amounts won/lost. For example:

Player 1 is rolling at 0.001 BTC and does 100 rolls. They won 45 and lost 55, so they're at -0.005 BTC
Player 2 is rolling at 1.000 BTC and does 100 rolls. They won 55 and lost 45, so they're at +5.000 BTC

From the BR standpoint, it's down 4.995 BTC. But from a variance standpoint, it's exactly on par.

I've had many runs where I have 10-15%+ more wins than losses at 49.5% on different sites. But because they're small amounts, they don't make a difference. At the same time, a whale losing 10-15% more than wins would show a massive turnaround.

Yeah, based on what I've heard I figured it wouldn't even matter for anyone but the whales