I am interested in the " "in the title of this thread.What does it means? sir.
Reserve the Chinese Translation if required .
No Chinese Translation is needed. It is preferred that translations are not requested on this thread. There is no real significance behind the other than to help stand out from the others.
is this project from moneypot.com. I'm offline for a long time but usually play your game 2 years ago
This project while different than Moneypot.com, works together with the Moneypot network and its team. If you haven't visited lately, I suggest you take a look on how it is evolving to a web-wallet and hub that still supports the gaming platform that old customers were accustomed to.
Unfortunately the discussion moved away from the previous thread before you were able to reply to concerns regarding MoneyPot's solvency. I'll quote them here so you have a chance to respond:
Hm? I don't mean to sounds like an ass, but I don't understand this. Didn't you guys have like have 500+ bitcoin or something? At current prices that's like $300k USD worth of BCC. I don't understand how you could possibly justify not collecting so much free money, especially when you're still holding all that unpaid debt to investors. I might be a bit off base here, but the only logical reason I can think of is that it might exacerbate solvency issues?
When you acquired MoneyPot nearly two years ago, investors were in profit. Now investors are at a loss while MoneyPot itself continues to profit at their expense. In no small part this is because at some point you decided to expose investors to a dangerous amount of risk despite being warned of the consequences multiple times. Understandably, there is some mistrust towards you.
Distributing the BCH that rightfully belongs to investors–you say as much yourself–would go a long way towards regaining some of the goodwill you've lost. Multi-currency support is already one of your main features and Bitcoin Cash's API is virtually identical to Bitcoin's, making it fairly trivial for you to make that money available.
So I don't understand why you would take this position and leave what is essentially free money for your investors on the table. The only rational explanation that comes to mind is that MoneyPot is insolvent and does not hold enough BTC and BCH to meet its liabilities towards investors.
As a former MoneyPot investor myself, I'd love for you to prove me wrong by demonstrating your solvency–like MoneyPot regularly used to before you stopped doing it.
At the very least you should publish a list of MoneyPot's addresses at the time of the fork so that we may verify that the majority of BCH has in fact not been claimed as you say. You would not need to provide your current addresses, so there should not be any serious privacy concerns, but providing this proof to a universally trusted third party like dooglus would also be acceptable.
Also, could you please clarify how the advertised net profit of 500
BTC was determined? According to the information
here, that must include the 449
BTC in commission that app owners have received. I assume app owners would continue to receive their commission in the future, so it's not really reasonable to consider that part of MoneyPot's profit. The actual net profit of MoneyPot and its investors that is relevant to ICO investors is a little under 70
BTC instead.
We had closed the thread to focus on this next phase, the ICO. We made our policies and statements known, as we did here in all the information provided.
Post-ICO, The plan is to make the majority of the main bankrolls to be private, consisting of a portion of MPX funds as the contributing house bankroll. Current investors of the bankroll will be divested, to be cashed out, completely separate from the MPX funds.
The good thing about this upcoming new setup is that all funds and holdings will be protected by the trusted escrow team. All expenses and transactions will be verified. This applies for during and beyond the ICO's completion. You can find more information at
https://www.moneypot.com/escrowterms.pdf .
Yes, the overall investor profit under the last commission model was -91.8 BTC. You can check the stats at dicesites.com/moneypot. The overall site profit however was 518.8 BTC. We believed the 500 profit to be the most representative number to use. Had the investors under the last setup performed above equity, it would be otherwise confusing to lead them to believe that they'd earn the same rate. Likewise when it is under equity.
Apps will continue to receive 40% and with the planned move to a mostly private bankroll, this would leave 60% of the house edge left for MPX. Under the previous results this would have the investor site profit as +69.8 BTC. This of course is based on the previous result which was under expected value, the true calculation that MPX will depend on.
Let me explain:
When MPX funds are used for a bankroll, it is directly created to work off the house edge calculations.
If 100 BTC is wagered for the day and the house edge is 1%:
100 BTC * .004 (40% of house edge) = .4 BTC will go to App Owners directly.
100 BTC * .006 (60% of house edge) = .6 BTC will go toward the Moneypot network directly.
Theoretically, the bankroll contributed from the MPX funds, remains the same, working off of a 0% house edge. This allows for a steady stream of MPX investments without necessarily drawing to or from contributing funds. It also allows the escrow to keep almost all contributed house bankroll funds still under their control, as only a small portion is needed to support the bankroll's variance.
If the same stats were applied from V1 of Moneypot, these bets (drawing the stats from dicesites) would produce 97,000 * .006 = 582 BTC in generated profit for the Moneypot network.
