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

[Dogedigital]

@JPR

I think you have a few points wrong and things that may or may not have applied in the past does not equate to it automatically having substance today.  

Please refrain from using past quotes as a sole point of debate.  It is time consuming and detracts away from the real issues at hand.

We have reached out to Ryan in the past and re-adjusted the way that the investments have been handled.  This was done a while ago along with some methods to help increase the investor's expected win rate and volatility.

We've been constantly monitoring how things have worked and as stated before, we are ready to adjust as necessary.  We are on top of things to make sure that spots where certain conditions and scenarios could lead to long term negative repercussions are quickly managed and deterred from being realized.

Also if you have read before, you would realize that we don't pick 'any' winner and that this was a specific case.  The reasoning is presented in my previous posts.

While some of your posts have started to get a bit better, it is still clear that you are trying to 'paint a picture' using fallacies while resorting to insults and condescending jabs.  You are not in a position to make demands and the questions you always claim are un-answered have been addressed several times in the past.

edit; Have removed your last post as it stands to only confuse people of the current today situation.  I have still answered your concerns above.

[klink10k]

i remember reading somewhere in january that moneypot was going to refund some investor losses, is that still happening? its been almost 6 months.

[JackpotRacer]

@JPR

I think you have a few points wrong and things that may or may not have applied in the past does not equate to it automatically having substance today.  

Please refrain from using past quotes as a sole point of debate.  It is time consuming and detracts away from the real issues at hand.

We have reached out to Ryan in the past and re-adjusted the way that the investments have been handled.  This was done a while ago along with some methods to help increase the investor's expected win rate and volatility.

We've been constantly monitoring how things have worked and as stated before, we are ready to adjust as necessary.  We are on top of things to make sure that spots where certain conditions and scenarios could lead to long term negative repercussions are quickly managed and deterred from being realized.

Also if you have read before, you would realize that we don't pick 'any' winner and that this was a specific case.  The reasoning is presented in my previous posts.

While some of your posts have started to get a bit better, it is still clear that you are trying to 'paint a picture' using fallacies while resorting to insults and condescending jabs.  You are not in a position to make demands and the questions you always claim are un-answered have been addressed several times in the past.

edit; Have removed your last post as it stands to only confuse people of the current today situation.  I have still answered your concerns above.

sorry but it doesnt make sense to delete a legit posting and then answer it your way and it only shows again that RHavar was absolulely right that yo cant handle any legit critics

it just gives me a new subject for another Poll

enjoy

[RHavar]

sorry but it doesnt make sense to delete a legit posting and then answer it your way and it only shows again that RHavar was absolulely right that yo cant handle any legit critics

I really wish you'd stop putting words in my mouth, I'm perfectly capable of speaking for myself.

[JackpotRacer]

sorry but it doesnt make sense to delete a legit posting and then answer it your way and it only shows again that RHavar was absolulely right that yo cant handle any legit critics

I really wish you'd stop putting words in my mouth, I'm perfectly capable of speaking for myself.

yes you can speak for yourself but you always delete it afterwords and very quick you delete it and I am sure Dogedigital send a PM asking for a quick delete. how about a cool down period before you post it?

I posted a link and some excerpts and it was deleted because Dogedigital doesnt like legit critics. even as he said they corrected it with your help why wasnt it published somewhere? fact is that investors lost to much and MP owners still earned and this is telling a story if you guys like it or not

you are welcome to delete it cause I dont delete my postings

enjoy the next Poll guys

[RHavar]

and very quick you delete it and I am sure Dogedigital send a PM asking for a quick delete.

No one asked me to delete my post. I don't think I said anything wrong or controversial, but after posting it I realized there's probably a lot more to the story than I'm aware of, so the sensible and responsible thing is to wait until it comes to light (or at least more time elapsed) before commenting. And for what it's worth, my post never said or alluded to anything such as: "RHavar was absolulely right that yo cant handle any legit critics".

[BITDV]

New Game UP on https://btcdragon.com 2UP come for a look and try!!

https://bitcointalk.org/index.php?topic=1724891.295

[Dogedigital]

'BV does not do this.

Do not incorporate in a nanny state then... wtf'

-------------

There has only been one case and it was a special case.  This is a modified topic and we could have easily deleted it, but did not.

I'm not sure what BV does.  I am not able to find any real information on them. Not saying they ever would, but my guess is that they could take the website offline tomorrow and there is nothing that could ever be done.

There is a balance needed and we don't plan to disrupt it.  You can have anonymous and easily disappearing operators with no known info along with anonymous bettors or you can have what we have.  

Poloniex is by far the most used crypto site and it is subject to much much stricter requirements.  I have no doubts that it would not be that successful or even operational if it was run with an anything goes approach.

Most of this is basically a moot point though.  This is pretty much the only case out of more than 40,000 different users on Moneypot.  


edit; added top part for context.

[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.