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Author Topic: [SCAM SCAM]MONEYPOT[SCAM SCAM] officially announced not to buy RBIES as promised  (Read 4668 times)
Dogedigital
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January 15, 2018, 10:00:33 PM
 #161

I'm sure I'm misunderstanding something or missing some details, but here's the narrative that I'm hearing:

You buy a successful gambling site

The site starts losing money

You, for some unknown reason, decide to promise to reimburse the investors for some part of the loss

You, for some unknown reason, allow a site that's dependant on your bankroll to develop an altcoin

You, for some unknown reason, allow that site to take altcoin bets that you don't profit from

You, for some unknown reason, decide to support the altcoin that you have no stake in by promising a buy floor of 1k sat

You, for some unknown reason, destroy all of the coins that you buy from users

You purchase a % of a site that is on your network to prevent them from selling to an outside investor (which...why would you care who owns the site?)

You, for some unknown reason, decide to only have equity in the bitcoin aspect of the site (which you already have equity in by the fact that you own the bankroll that they use) and not the altcoin aspect of the site

You decide to pull your support buy floor for the altcoin


It just seems like a lot of pretty poor decisions.  I'm sure there's a lot going on that I'm unaware of, but you should understand that the above is the public perception of events.

You can only really prevent someone from not taking altcoins by forcing them out.  BetterBets was by far the most active casino and was the biggest reason for acquiring Moneypot, I imagine (I wasn't a part of the original deal).  It would be foolish to kick them out at the time.  This is why it was quite upsetting learning of Rubies and the program in the first place.

The Rubies coins were not destroyed.  Only coins that were destroyed are ones that were converted into R2B2.

I admit some decisions made were mistakes.  Some of them were forced out of consequence.  But none of them were scams or intended to hurt anyone.  That's why I've been quite emotional in some of these posts.
They were all meant to help Moneypot and all its users for the long term in some way. 

Before joining the Moneypot team, I saw a grand vision of what Moneypot could become.  It's why I had sacrificed quite a bit of time, energy, stress, and finances to try and get it there. 

The ICO partnership would have gone a long way to help make those dreams came true until we were under fire and threats.  Now, being powered by MonsterByte, Moneypot has another great chance at getting us there.  It won't be immediate, but I believe it will definitely get there.  And once it does, people will see why things were done the way it was.

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RHavar
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January 15, 2018, 10:33:07 PM
 #162

Moneypot never profited off of Rubies betting.  Moneypot never owned any of the Rubies income and had no part in its house bankroll at any time.

You're intentionally missing the point. Rubies were given as a reward for bitcoin betting. You were making money through bitcoin betting (in apparently multiple ways). The higher the value of rubies, the more attractive the bitcoin betting was.

Hence you directly stood to benefit from the value of rubies being higher.

Quote
We disliked Rubies betting altogether because they'd be betting on Moneypot where Moneypot receives no commission and no part of the betting action.

Quote
This is why it was quite upsetting learning of Rubies and the program in the first place.

Rubies were so upsetting to you, that you announced that rubies not only would it be the first altcoin backed by MoneyPot but that MoneyPot would be establishing a price floor on it (and by your own admission, driving the price up).

 Roll Eyes
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January 15, 2018, 10:56:12 PM
 #163

I'm sure I'm misunderstanding something or missing some details, but here's the narrative that I'm hearing:

You buy a successful gambling site

The site starts losing money

You, for some unknown reason, decide to promise to reimburse the investors for some part of the loss

You, for some unknown reason, allow a site that's dependant on your bankroll to develop an altcoin

You, for some unknown reason, allow that site to take altcoin bets that you don't profit from

You, for some unknown reason, decide to support the altcoin that you have no stake in by promising a buy floor of 1k sat

You, for some unknown reason, destroy all of the coins that you buy from users

You purchase a % of a site that is on your network to prevent them from selling to an outside investor (which...why would you care who owns the site?)

You, for some unknown reason, decide to only have equity in the bitcoin aspect of the site (which you already have equity in by the fact that you own the bankroll that they use) and not the altcoin aspect of the site

You decide to pull your support buy floor for the altcoin


It just seems like a lot of pretty poor decisions.  I'm sure there's a lot going on that I'm unaware of, but you should understand that the above is the public perception of events.

You can only really prevent someone from not taking altcoins by forcing them out.  BetterBets was by far the most active casino and was the biggest reason for acquiring Moneypot, I imagine (I wasn't a part of the original deal).  It would be foolish to kick them out at the time.  This is why it was quite upsetting learning of Rubies and the program in the first place.

The Rubies coins were not destroyed.  Only coins that were destroyed are ones that were converted into R2B2.

I admit some decisions made were mistakes.  Some of them were forced out of consequence.  But none of them were scams or intended to hurt anyone.  That's why I've been quite emotional in some of these posts.
They were all meant to help Moneypot and all its users for the long term in some way. 

Before joining the Moneypot team, I saw a grand vision of what Moneypot could become.  It's why I had sacrificed quite a bit of time, energy, stress, and finances to try and get it there. 

The ICO partnership would have gone a long way to help make those dreams came true until we were under fire and threats.  Now, being powered by MonsterByte, Moneypot has another great chance at getting us there.  It won't be immediate, but I believe it will definitely get there.  And once it does, people will see why things were done the way it was.


You're right, I misremembered which coins were destroyed.  Sorry.

You're kind of proving the point that I was making.  You make a lot of decisions that you think are good/helpful that turn out to be the opposite.  You let a major asset walk all over you (BB needs MP way more than MP needs BB) multiple times.  You didn't set out to scam people, but people lost money on decisions you made. 

Whoever has been making decisions for MP after Ryan sold it has made a lot of bad decisions.  They've hurt people.  Maybe those people shouldn't be making decisions for MP anymore?


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Dogedigital
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January 15, 2018, 11:01:34 PM
 #164

Moneypot never profited off of Rubies betting.  Moneypot never owned any of the Rubies income and had no part in its house bankroll at any time.

You're intentionally missing the point. Rubies were given as a reward for bitcoin betting. You were making money through bitcoin betting (in apparently multiple ways). The higher the value of rubies, the more attractive the bitcoin betting was.

Hence you directly stood to benefit from the value of rubies being higher.

Quote
We disliked Rubies betting altogether because they'd be betting on Moneypot where Moneypot receives no commission and no part of the betting action.

Quote
This is why it was quite upsetting learning of Rubies and the program in the first place.

Rubies were so upsetting to you, that you announced that rubies not only would it be the first altcoin backed by MoneyPot but that MoneyPot would be establishing a price floor on it (and by your own admission, driving the price up).

*useless sarcasm emoji*

I understand your point.  I agree with it, but I think you're failing to see mine.

It was more attractive to bet bitcoin with the rubies bet-mining, but at the same time, people were betting Rubies instead rather than Bitcoin. The Rubies betting volume that could have been Bitcoin betting was enormous.  It was doing multiples of the bitcoin wagering daily for quite a while.  

Just because something bad happens, doesn't mean you just give up on it.  You have to adjust and work towards making it great.  I understand that's what led us here, but the thought was that it was the better choice than just simply letting rubies, Betterbets, and us by indirect association taking on major damage that threatens its standing.  It all happened quite early into the takeover with a big team and no clear order.  We took what was dealt to us and tried to do the best with it as we could.  

Edit; I see that you're saying that we benefit from a higher Rubies price.  That is true.  Of course it's true.  But if we could have, we would just stayed away from it entirely.  We also did help increase its price, but as I mentioned several times before, you can tell that we didn't dump on it. I don't disagree with some of your points.  All I'm saying is that it wasn't some scheme to simply profit off of and never was aimed to be at the expense of others.  We took Rubies on to support the network and give it grounding so that all rubies holders (us included) could benefit from it slowly and over the long term where the coin holds real value.


 

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January 15, 2018, 11:05:34 PM
 #165

I'm sure I'm misunderstanding something or missing some details, but here's the narrative that I'm hearing:

You buy a successful gambling site

The site starts losing money

You, for some unknown reason, decide to promise to reimburse the investors for some part of the loss

You, for some unknown reason, allow a site that's dependant on your bankroll to develop an altcoin

You, for some unknown reason, allow that site to take altcoin bets that you don't profit from

You, for some unknown reason, decide to support the altcoin that you have no stake in by promising a buy floor of 1k sat

You, for some unknown reason, destroy all of the coins that you buy from users

You purchase a % of a site that is on your network to prevent them from selling to an outside investor (which...why would you care who owns the site?)

You, for some unknown reason, decide to only have equity in the bitcoin aspect of the site (which you already have equity in by the fact that you own the bankroll that they use) and not the altcoin aspect of the site

You decide to pull your support buy floor for the altcoin


It just seems like a lot of pretty poor decisions.  I'm sure there's a lot going on that I'm unaware of, but you should understand that the above is the public perception of events.

You can only really prevent someone from not taking altcoins by forcing them out.  BetterBets was by far the most active casino and was the biggest reason for acquiring Moneypot, I imagine (I wasn't a part of the original deal).  It would be foolish to kick them out at the time.  This is why it was quite upsetting learning of Rubies and the program in the first place.

The Rubies coins were not destroyed.  Only coins that were destroyed are ones that were converted into R2B2.

I admit some decisions made were mistakes.  Some of them were forced out of consequence.  But none of them were scams or intended to hurt anyone.  That's why I've been quite emotional in some of these posts.
They were all meant to help Moneypot and all its users for the long term in some way. 

Before joining the Moneypot team, I saw a grand vision of what Moneypot could become.  It's why I had sacrificed quite a bit of time, energy, stress, and finances to try and get it there. 

The ICO partnership would have gone a long way to help make those dreams came true until we were under fire and threats.  Now, being powered by MonsterByte, Moneypot has another great chance at getting us there.  It won't be immediate, but I believe it will definitely get there.  And once it does, people will see why things were done the way it was.


You're right, I misremembered which coins were destroyed.  Sorry.

You're kind of proving the point that I was making.  You make a lot of decisions that you think are good/helpful that turn out to be the opposite.  You let a major asset walk all over you (BB needs MP way more than MP needs BB) multiple times.  You didn't set out to scam people, but people lost money on decisions you made. 

Whoever has been making decisions for MP after Ryan sold it has made a lot of bad decisions.  They've hurt people.  Maybe those people shouldn't be making decisions for MP anymore?

I agree with you on some parts. Decisions were made and some of them had consequences.  It falls on different people.  Some, more than others.

I'm glad that you realize that none of it was intentional, which is what my point was and why I thought it's terrible that Jackpotracer gets away with bumping this and has 4 [scam] tags in the title. 

Now that we're here, all we can do is aim to fix it, which we are trying to do with the remaining people.  I wish it was this stable from the start.  I don't believe we'd be here if it was. 

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January 15, 2018, 11:28:09 PM
 #166

I understand your point.  I agree with it, but I think you're failing to see mine.

Honestly, I don't. You promised a price floor for rubies, and then broke your promise; tacitly scamming some pretty serious money...

Quote
It was more attractive to bet bitcoin with the rubies bet-mining, but at the same time, people were betting Rubies instead rather than Bitcoin. The Rubies betting volume that could have been Bitcoin betting was enormous.  It was doing multiples of the bitcoin wagering daily for quite a while.

In other words, you directly profited from the effects of the price floor. The fact that people were also using rubies for gambling in a way that you didn't make any money is pretty irrelevant.


Quote
Just because something bad happens, doesn't mean you just give up on it.  You have to adjust and work towards making it great.  I understand that's what led us here, but the thought was that it was the better choice than just simply letting rubies, Betterbets, and us by indirect association taking on major damage that threatens its standing.  It all happened quite early into the takeover with a big team and no clear order.  We took what was dealt to us and tried to do the best with it as we could.

lol? You did pull the rug on everyone. It's easy to talk and come up with excuses (see: Josh Garza) for why you aren't doing what you promised. If you had an iota of integrity you would've held the price floor. And you have already irrevocably damaged Rubies, your and MoneyPot's reputation.... You act like scamming people protected it, or something???


A custodial bitcoin site is only as good as the value of it's promise, and you've established yours as having 0 value. I guarantee it'll be the death of MoneyPot. I hope your little scam was worth it.


Anyway, this will be my last post as I've spoken my mind and don't have anything new to add.

P.S. How's the search for a neutral third party who is willing to say what you did isn't scammy going? lol
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January 16, 2018, 12:09:17 AM
 #167

I understand your point.  I agree with it, but I think you're failing to see mine.

Honestly, I don't. You promised a price floor for rubies, and then broke your promise; tacitly scamming some pretty serious money...

Quote
It was more attractive to bet bitcoin with the rubies bet-mining, but at the same time, people were betting Rubies instead rather than Bitcoin. The Rubies betting volume that could have been Bitcoin betting was enormous.  It was doing multiples of the bitcoin wagering daily for quite a while.

In other words, you directly profited from the effects of the price floor. The fact that people were also using rubies for gambling in a way that you didn't make any money is pretty irrelevant.


Quote
Just because something bad happens, doesn't mean you just give up on it.  You have to adjust and work towards making it great.  I understand that's what led us here, but the thought was that it was the better choice than just simply letting rubies, Betterbets, and us by indirect association taking on major damage that threatens its standing.  It all happened quite early into the takeover with a big team and no clear order.  We took what was dealt to us and tried to do the best with it as we could.

lol? You did pull the rug on everyone. It's easy to talk and come up with excuses (see: Josh Garza) for why you aren't doing what you promised. If you had an iota of integrity you would've held the price floor. And you have already irrevocably damaged Rubies, your and MoneyPot's reputation.... You act like scamming people protected it, or something???


A custodial bitcoin site is only as good as the value of it's promise, and you've established yours as having 0 value. I guarantee it'll be the death of MoneyPot. I hope your little scam was worth it.


Anyway, this will be my last post as I've spoken my mind and don't have anything new to add.

P.S. How's the search for a neutral third party who is willing to say what you did isn't scammy going? lol

You keep using the word scam and taking money like I or Moneypot ended up with it.  We didn't.  If I wanted to scam people, Moneypot still wouldn't exist, you wouldn't know who I am, and I still wouldn't be working hard day in an out.

I really haven't searched for one because I don't want to distract myself further with your childish games.  I used to have a lot of respect for you, but I can't even tell if it's you or JPR who's responding to me now.

You of all people shouldn't be making all these outlandish claims.  I believe you contributed more than anyone in how this has all played out. I have plenty more to say, but the day will come.

Take care.

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January 16, 2018, 02:00:28 AM
 #168

I wasn't going to respond, but I can't leave this hanging:

You of all people shouldn't be making all these outlandish claims.  I believe you contributed more than anyone in how this has all played out. I have plenty more to say, but the day will come.


Pray tell us, how am I remotely responsible? I'm really trying to see it, but I can't come up with anything. Don't hold back
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January 16, 2018, 02:08:08 AM
 #169

I wasn't going to respond, but I can't leave this hanging:

I'm really trying to see it, but I can't come up with anything.

Probably misusing the word ironic, but... I find your reply to be ironic. 

Anyways, we're both looking to end our points.  We'll cross the bridge when we get there.

Take care.

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January 16, 2018, 02:15:25 AM
 #170

Probably misusing the word ironic, but... I find your reply to be ironic.  

Anyways, we're both looking to end our points.  We'll cross the bridge when we get there.

Take care.


I think I'm missing something, as this makes no sense.


So let me get this straight: you scam people with rubies and then drop a vague accusation that I am to blame? And this is with the awareness that I have never owned, bought, sold, held, traded, advertised, discouraged or otherwise had anything to do with it?  Roll Eyes

If you're going to accuse me of any wrong-doing, I think you very much should at least articulate what I did wrong.
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January 16, 2018, 04:19:19 AM
 #171

I understand your point.  I agree with it, but I think you're failing to see mine.

Honestly, I don't. You promised a price floor for rubies, and then broke your promise; tacitly scamming some pretty serious money...

Quote
It was more attractive to bet bitcoin with the rubies bet-mining, but at the same time, people were betting Rubies instead rather than Bitcoin. The Rubies betting volume that could have been Bitcoin betting was enormous.  It was doing multiples of the bitcoin wagering daily for quite a while.

In other words, you directly profited from the effects of the price floor. The fact that people were also using rubies for gambling in a way that you didn't make any money is pretty irrelevant.


Quote
Just because something bad happens, doesn't mean you just give up on it.  You have to adjust and work towards making it great.  I understand that's what led us here, but the thought was that it was the better choice than just simply letting rubies, Betterbets, and us by indirect association taking on major damage that threatens its standing.  It all happened quite early into the takeover with a big team and no clear order.  We took what was dealt to us and tried to do the best with it as we could.

lol? You did pull the rug on everyone. It's easy to talk and come up with excuses (see: Josh Garza) for why you aren't doing what you promised. If you had an iota of integrity you would've held the price floor. And you have already irrevocably damaged Rubies, your and MoneyPot's reputation.... You act like scamming people protected it, or something???


A custodial bitcoin site is only as good as the value of it's promise, and you've established yours as having 0 value. I guarantee it'll be the death of MoneyPot. I hope your little scam was worth it.


Anyway, this will be my last post as I've spoken my mind and don't have anything new to add.

P.S. How's the search for a neutral third party who is willing to say what you did isn't scammy going? lol

You keep using the word scam and taking money like I or Moneypot ended up with it.  We didn't.  If I wanted to scam people, Moneypot still wouldn't exist, you wouldn't know who I am, and I still wouldn't be working hard day in an out.

I really haven't searched for one because I don't want to distract myself further with your childish games.  I used to have a lot of respect for you, but I can't even tell if it's you or JPR who's responding to me now.

You of all people shouldn't be making all these outlandish claims.  I believe you contributed more than anyone in how this has all played out. I have plenty more to say, but the day will come.

Take care.

please explain how and why RHavar is worse than you?

you can easy tell if it is me or RHavar but finally also other users get the point that DD is a Scammer


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January 16, 2018, 04:39:44 PM
Merited by JackpotRacer (1)
 #172

We took Rubies on to support the network and give it grounding so that all rubies holders (us included) could benefit from it slowly and over the long term where the coin holds real value.

It sounds as if you still don't understand why that can't work.

When you offer a "floor price" below the current market price, nobody takes you up on the offer, and so there's no point having the floor.

When you offer a "floor price" above the current market price, everyone takes you up on the offer, and you go bust.

People pointed your mistake out to you at the time. I know I did. You ignored me. So don't claim now that you didn't know what you were doing.

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   1% House Edge
DarkDays
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February 04, 2018, 07:45:16 PM
 #173

The following post of mine got deleted within 30 minutes from the main MP thread.  I was told via PMs that it was because of "speculation"...even though all I did was restate clearly the discussion that MP themselves were having with someone who is apparently suing them.

Quote
So just to be clear: MP owes Maiden 100BTC (nearly a million dollars) and has not paid him/her?  This is money that wasn't lost, but was held in the bankroll?

If this is true, than the only logical conclusion that can be drawn is that MP is, in fact, insolvent.  You held money that you can not return.  This isn't debt, this is bankroll funds.  If you've owed this money for a long time and have put off payment it looks really, really bad.


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JackpotRacer
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February 04, 2018, 08:02:54 PM
 #174

The following post of mine got deleted within 30 minutes from the main MP thread.  I was told via PMs that it was because of "speculation"...even though all I did was restate clearly the discussion that MP themselves were having with someone who is apparently suing them.

Quote
So just to be clear: MP owes Maiden 100BTC (nearly a million dollars) and has not paid him/her?  This is money that wasn't lost, but was held in the bankroll?

If this is true, than the only logical conclusion that can be drawn is that MP is, in fact, insolvent.  You held money that you can not return.  This isn't debt, this is bankroll funds.  If you've owed this money for a long time and have put off payment it looks really, really bad.


also RHavar's and mine were deleted. just look here

https://bitcointalk.org/index.php?topic=2592025.msg29607926#msg29607926

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February 05, 2018, 11:57:36 AM
 #175

MP is now owned by the group MonsterByte, aka bitcoinrush:   https://bitcointalk.org/index.php?topic=228243.1940
There you can find their thread with dev frolicking around, self loathing at his works. 
Maybe someone should address the 100 BTC fraud the company they just purchased is currently going through.
JackpotRacer
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February 05, 2018, 12:07:33 PM
 #176

MP is now owned by the group MonsterByte, aka bitcoinrush:   https://bitcointalk.org/index.php?topic=228243.1940
There you can find their thread with dev frolicking around, self loathing at his works. 
Maybe someone should address the 100 BTC fraud the company they just purchased is currently going through.

please give us a link to understand what you mean regarding the dev

JackpotRacer
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February 15, 2018, 04:50:59 PM
 #177

This Scam accusation needs a Bump. Be warned and lets not forget

JackpotRacer
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February 19, 2018, 06:22:21 AM
 #178

new info posted here

https://bitcointalk.org/index.php?topic=2592025.msg30590813#msg30590813

new interesting info from Monsterbyte posted in another thread

https://bitcointalk.org/index.php?topic=1683230.msg30576791#msg30576791

1. Monster Byte hasn't closed the deal with MP, we are waiting for the outcome of claim in Canada.

2. Provably.io (and all other sites that leverage MoneyPot) are owned and operated by individuals, not MoneyPot (or any parent company)


and

https://bitcointalk.org/index.php?topic=1683230.msg30580706#msg30580706

The deal we have been working on takes months to close, just like real-world M&A. Also in the real world, we have periods of due diligence to satisfy before closing on such opportunities. In this case, the press was released before the legal claim came in. If things don't work out for MP, we will retract our offer. We are hoping that's not the case as we believe we have the right talent to grow MoneyPot to be in a position of success and trust this year.

I missed you!

<FYI, This is the last I'm responding to any MP items, we will revisit it after the legal process is done >

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