very nice arbitrage possibility with RBIES

[JackpotRacer]

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#msg16647825

Moneypot 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#msg16648023
This 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#msg22227934

Monsypot 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

[1715679725]

1715679725

[1715679725]

1715679725

[JackpotRacer]

I see RBIES moved up cause of some buy trades not much though

please let me know if someone could sell RBIES to Moneypot

thx

[Netzcrypto]

Will check it out. Thanks for letting us know!

[luffy7]

Thanks for the info. will look into it!

[JackpotRacer]

sorry guys the arbitrage is over

Moneypot owner declared that they will not buy RBIES and actually broke their promise

"Moneypot will always honour an exchange of at least 1000 Satoshi for Rubies."

his last posting in RBIES/R2B2 thread

Rubies 2 (R2B2) will be an available cryptocurrency on Moneypot.com within the week.
https://bitcointalk.org/index.php?topic=1737000.msg22979374#msg22979374

Rubies will not be accepted, but it is highly suggested to convert to R2B2 via swaps to participate for Moneypot.

Due to abuse, harassment, and attacks, I am placing the minimum floor on hold indefinitely.  The system that allows the floor to be achieved needs time to grow again so that it is possible to be re-introduced.  Pending orders will be honoured.  I admit to making the mistake of the promise as always.  I also admit to prematurely introducing and announcing Rubies before it was completely finalized on being ready. 

This thread will be locked to prevent unnecessary trolling and bashing.  A new thread will be made soon with a new website to follow afterwards.

here the scam accusation thread in case someone is interested

https://bitcointalk.org/index.php?topic=2207833.msg22227934#msg22227934

I really dont understand why Dogedigital thinks he can give such promises and take them back as he likes. many users lost a lot of coins because of his promises

I dont trust him anymore

sorry that it was that short but it was a very good arbitrage.