I thought I will let you all know about this nice arbitrage possibility
RBIES are traded right now for 500-600 Satoshi at livecoin and yobit
Moneypot promised to buy RBIES always for a floor price of 1000 Satoshi. nice 30-50% profit
please do your DD because I dont gurantee anything I am just informing. let me explain now in more depth the promise Moneypot owner Dogedigital gave and what happened afterwards
the Promise Dogedigital gave one year ago:
"Moneypot will always honour an exchange of at least 1000 Satoshi for Rubies."https://bitcointalk.org/index.php?topic=1366689.msg16647825#msg16647825Moneypot has recently backed Rubies at a 1000 Satoshi floor meaning that you can always exchange rubies for at least 1000 sats each.
https://bitcointalk.org/index.php?topic=1366689.msg16648023#msg16648023This means that Rubies should theoretically never be valued below 1000 satoshi, because Moneypot will always honour an exchange of at least 1000 Satoshi for Rubies.
https://bitcointalk.org/index.php?topic=1366689.msg16648333#msg16648333"Moneypot will always honour an exchange of at least 1000 Satoshi for Rubies."
edit to prevent unncessary clutter;
definition -- always:
adverb
1. every time; on every occasion; without exception:
2. all the time; continuously; uninterruptedly:
3. forever
4. in any event; at any time; if necessary:I tried to sell RBIES to MP and some deals worked fine but then they started to play dirty games with me and I opened a scam accusation. then they started to buy again and I closed the scam but had to reopen it again becuase again they did not want to buy RBIES for the promised floor price of 1000 Satoshi again
here is the link to the scam accusation thread.
https://bitcointalk.org/index.php?topic=2207833.msg22227934#msg22227934Monsypot has to keep their promises because if not they will have to close down and I dont believe they will close down their business because of some RBIES
the arbitrage possibility is there but please do your DD and decide if you want to profit from this arbitrage or not