Congratulations, it looks like you won the war with moneypot.
Assuming that their ICO fails, there is a good possibility that they will close leaving their investors with nothing. I'm not sure if its a good thing because now no-one will get paid. Everyone loses. Investors will lose investment, players will lose balance, and game operators will lose their time and future. At least they tried to make things right.
why didnt you post with your real nick. waste of time to do a new account
why should they close sorry I dont see any reason
Because your points show that they are insolvent. Their ICO failed so they will most likely close based off of your points.
I would appreciate to talk to the real one and not to a shill. I have a good feeling who you are (trust me)
RHavar had the suspicion that they are insolvent because they didnt get BCC
Quote from: RHavar on September 10, 2017, 03:51:42 PM
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? I was always a big fan of the Moneypot business idea. do you really think that RHavar or Dooglus would do such mistakes as MP owners did? Rhavar warned them many times and they didnt listen there is no better one who knows how to handle Moneypot than RHavar
do you know how many ICOs are failing? did you see the postings from 2 Investors?
they said much more than me and I am sure they need to get more than me. I was a small investor and didnt know about the ICO
if you didnt see the postings here are the postings
posting from @MartinL
https://bitcointalk.org/index.php?topic=1737934.msg21737505#msg21737505When 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.
but luckily @MartinL did not give up and came over to the Dogedigitals ICO announcement thread with the following posting
https://bitcointalk.org/index.php?topic=2169606.msg21746786#msg21746786Unfortunately 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:
Quote from: MartinL on September 11, 2017, 08:59:49 PM
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.
the next Investor @AwayThrow jumped in (his text is bold)
https://bitcointalk.org/index.php?topic=2169606.msg21757981#msg21757981Keeth, your behavior here is disgusting and I believe a crime under Canadian security laws. I have made a formal complaint to the Ontario Security Commission.
I am one of your previous investors, and besides losing considerable money to what was either theft or at best criminal negligence. Furthermore last year you promised me compensation, a promise you have done absolutely nothing towards. Not a single satoshi. Raising money from new investors to pay back old ones is almost the definition of a ponzi.
Quote
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.
If you lost money then your financial statements must reflect the fact. As you know, what you "should have" made is known as "expected value". What you actually made is known as revenue.
And revenue is very different from "net-profit". I would hope you already know what net-profit is, but let me help make sure we are on the same page: net-profit is how much money you've made after all expenses are consider.
I am sure you and your team have not been working the last 2 years for free with no expenses. So I'll ask you plainly, please answer: Over the last 2 years, what is Money Pot's actual net profit?
Quote from: Dogedigital on September 12, 2017, 07:52:41 AM
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.
but as you did in well in your last post you avoided the central question about solvency. I will repeat MartinL's statement as it reflects my own position rather well:
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.
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