Moneypot: Powered by Monster Byte

[moneypot]

Funds for Moneypot proof:

Bitcoin: 1NchRSEW8ZQb66btjAGxSc4iUNkdrZ38rK ( Moneypot.com funds for proof of liabilities 03/01/2018 / IJxfe0e9UVwxXYPy3B67VU+jPI1V0fKyJfsN1VE+7TZMH3vQ3mFmOXNEDZtOiEaLSUXCxo5k/kWG/qsUXpQg3ms= )

All addresses are subject to change but will be accompanied by signed message of ownership and current date to cover the proof of liabilities at that time.

The other listed coins are currently contained in their respective hot wallets (until large enough to warrant a cold wallet storage) with the exception of ADK which will be shown publicly after maintenance is complete.

Proof of liabilities in the old .txt forms listing encrypted accounts will be provided and featured in the very near future.




All Moneypot legacy withdrawals and transfers that were initiated have all been processed with no available balances of over 1 Bitcoin remaining.

At this time, Moneypot is focusing on building and improving the current system we have before looking to heavily increase the bankrolls of any and all coins. 

The option for public investing is currently available for all coins listed above.  We ask that you do your own research, read our user terms, and FAQ so that you may understand all the risks involved if deciding whether or not to invest. 

[dooglus]

Funds for Moneypot proof:

Bitcoin: 1NchRSEW8ZQb66btjAGxSc4iUNkdrZ38rK ( Moneypot.com funds for proof of liabilities 03/01/2018 / IJxfe0e9UVwxXYPy3B67VU+jPI1V0fKyJfsN1VE+7TZMH3vQ3mFmOXNEDZtOiEaLSUXCxo5k/kWG/qsUXpQg3ms= )

I verified that signature:

$ bitcoin-cli verifymessage 1NchRSEW8ZQb66btjAGxSc4iUNkdrZ38rK \
    IJxfe0e9UVwxXYPy3B67VU+jPI1V0fKyJfsN1VE+7TZMH3vQ3mFmOXNEDZtOiEaLSUXCxo5k/kWG/qsUXpQg3ms= \
    "Moneypot.com funds for proof of liabilities 03/01/2018"
true
$

The address only contains 1.4 BTC. Doesn't MoneyPot owe in the region of 3 figures of BTC to creditors? Is this proof of solvency or insolvency?

[Hhampuz]

Funds for Moneypot proof:

Bitcoin: 1NchRSEW8ZQb66btjAGxSc4iUNkdrZ38rK ( Moneypot.com funds for proof of liabilities 03/01/2018 / IJxfe0e9UVwxXYPy3B67VU+jPI1V0fKyJfsN1VE+7TZMH3vQ3mFmOXNEDZtOiEaLSUXCxo5k/kWG/qsUXpQg3ms= )

I verified that signature:

$ bitcoin-cli verifymessage 1NchRSEW8ZQb66btjAGxSc4iUNkdrZ38rK \
    IJxfe0e9UVwxXYPy3B67VU+jPI1V0fKyJfsN1VE+7TZMH3vQ3mFmOXNEDZtOiEaLSUXCxo5k/kWG/qsUXpQg3ms= \
    "Moneypot.com funds for proof of liabilities 03/01/2018"
true
$

The address only contains 1.4 BTC. Doesn't MoneyPot owe in the region of 3 figures of BTC to creditors? Is this proof of solvency or insolvency?

Hmm.. That's interesting. Let's see what the official statement from MP will be regarding this, if 1.4BTC is all they have left it'll be a shitstorm for sure.. lol.

[TwitchySeal]

There should be ~BTC1,400 but there's only ~BTC1.4

Maybe someone put the decimal point in the wrong place?

The BTC1.4 came from Huobi.com.  (not sure if that's relevant)

[dooglus]

There should be ~BTC1,400 but there's only ~BTC1.4

Well, the screenshot shows 1.4 million, but I'm guessing that's in "bits", not BTC.

[TwitchySeal]

There should be ~BTC1,400 but there's only ~BTC1.4

Well, the screenshot shows 1.4 million, but I'm guessing that's in "bits", not BTC.

You're right.  And moneypot always did deal with Bits as their main denomination. (At least a while ago they did)

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

[Hhampuz]

There should be ~BTC1,400 but there's only ~BTC1.4

Well, the screenshot shows 1.4 million, but I'm guessing that's in "bits", not BTC.

You're right.  And moneypot always did deal with Bits as their main denomination. (At least a while ago they did)

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Haha that's probably true and damn, that's just horrible!

[DarkStar_]

There should be ~BTC1,400 but there's only ~BTC1.4

Well, the screenshot shows 1.4 million, but I'm guessing that's in "bits", not BTC.

You're right.  And moneypot always did deal with Bits as their main denomination. (At least a while ago they did)

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Haha that's probably true and damn, that's just horrible!

Isn't that a result of forcing everyone to divest and withdraw their BTC? (not counting the maidenvoyage situation)

[dooglus]

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Right, 1 million bits = 1 BTC.

But, from their FAQ:

Where are the house bankroll funds held?

The house bankroll funds will sit in a multi-sig wallet held in cold storage and managed by the Monster Byte team. The address is auditable and can be verified to show proof of reserves.

The address they gave starts with a 1. It's a pre-segwit P2PKH address, not a "multi-sig wallet". So that 1.4 BTC they proved ownership of doesn't include the house bankroll funds, because as stated they wouldn't be in a '1' address. What is the bankroll multi-sig address? Why wouldn't they publish that and show proof of ownership?

Edit: https://www.moneypot.com/user/invest/btc says:

Site Bankroll
1,353,309 bits

so maybe that 1.4 BTC they showed us does include the site bankroll, and the FAQ is inaccurate.

[JackpotRacer]

The bankroll for the time being will start off with roughly 2.5 BTC with a max win of .01 BTC at 1% House edge.  An address of the new house bankroll funds will be signed and posted in this thread to show proof of reserves.

here it was 2.5 BTC so the 1.4 BTC Bank Roll makes sense

[iluvbitcoins]

The bankroll for the time being will start off with roughly 2.5 BTC with a max win of .01 BTC at 1% House edge.  An address of the new house bankroll funds will be signed and posted in this thread to show proof of reserves.

here it was 2.5 BTC so the 1.4 BTC Bank Roll makes sense

Damn, that's bad.
With such a low bankroll, they lost half
Talk about luck..

[moneypot]

There should be ~BTC1,400 but there's only ~BTC1.4

Well, the screenshot shows 1.4 million, but I'm guessing that's in "bits", not BTC.

You're right.  And moneypot always did deal with Bits as their main denomination. (At least a while ago they did)

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Haha that's probably true and damn, that's just horrible!

Isn't that a result of forcing everyone to divest and withdraw their BTC? (not counting the maidenvoyage situation)

This is a correct response.

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Right, 1 million bits = 1 BTC.

But, from their FAQ:

Where are the house bankroll funds held?

The house bankroll funds will sit in a multi-sig wallet held in cold storage and managed by the Monster Byte team. The address is auditable and can be verified to show proof of reserves.

The address they gave starts with a 1. It's a pre-segwit P2PKH address, not a "multi-sig wallet". So that 1.4 BTC they proved ownership of doesn't include the house bankroll funds, because as stated they wouldn't be in a '1' address. What is the bankroll multi-sig address? Why wouldn't they publish that and show proof of ownership?

Edit: https://www.moneypot.com/user/invest/btc says:

Site Bankroll
1,353,309 bits

so maybe that 1.4 BTC they showed us does include the site bankroll, and the FAQ is inaccurate.

This address is more a representation of ownership to cover proof of liabilities currently listed.  Because the Monsterbyte and Moneypot merger isn't at 100% just yet, we thought it was imperative to display an address from Moneypot's side showing that funds on site were covered.

Once the deal is 100%, a multi-sig wallet will be displayed holding the user funds as pointed out in the FAQ.

Moneypot legacy paid out all initiated cashouts on the withdraw.moneypot.com site as well as covering all transfers made from it to the new Moneypot instance (Many ended up transferring and then cashing out through the new Moneypot's hot wallet).

The funds at the address signed plus an undisclosed amount in the hot wallet cover all current liabilities on the new Moneypot instance.

[JackpotRacer]

There should be ~BTC1,400 but there's only ~BTC1.4

Well, the screenshot shows 1.4 million, but I'm guessing that's in "bits", not BTC.

You're right.  And moneypot always did deal with Bits as their main denomination. (At least a while ago they did)

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Haha that's probably true and damn, that's just horrible!

Isn't that a result of forcing everyone to divest and withdraw their BTC? (not counting the maidenvoyage situation)

This is a correct response.

please tell us if it is BTC or Bits?

how big is the Bank Roll right now in BTC?

[gapjustin]

There should be ~BTC1,400 but there's only ~BTC1.4

Well, the screenshot shows 1.4 million, but I'm guessing that's in "bits", not BTC.

You're right.  And moneypot always did deal with Bits as their main denomination. (At least a while ago they did)

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Haha that's probably true and damn, that's just horrible!

Isn't that a result of forcing everyone to divest and withdraw their BTC? (not counting the maidenvoyage situation)

This is a correct response.

please tell us if it is BTC or Bits?

how big is the Bank Roll right now in BTC?

https://www.moneypot.com/user/invest/btc says that it's in bits!
And currently its 1.35 btc

[JackpotRacer]

There should be ~BTC1,400 but there's only ~BTC1.4

Well, the screenshot shows 1.4 million, but I'm guessing that's in "bits", not BTC.

You're right.  And moneypot always did deal with Bits as their main denomination. (At least a while ago they did)

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Haha that's probably true and damn, that's just horrible!

Isn't that a result of forcing everyone to divest and withdraw their BTC? (not counting the maidenvoyage situation)

This is a correct response.

please tell us if it is BTC or Bits?

how big is the Bank Roll right now in BTC?

https://www.moneypot.com/user/invest/btc says that it's in bits!
And currently its 1.35 btc

hi gap I missed you

thx for confirming but you saw the screenshot that was posted and it showed BTC

[gapjustin]

There should be ~BTC1,400 but there's only ~BTC1.4

Well, the screenshot shows 1.4 million, but I'm guessing that's in "bits", not BTC.

You're right.  And moneypot always did deal with Bits as their main denomination. (At least a while ago they did)

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Haha that's probably true and damn, that's just horrible!

Isn't that a result of forcing everyone to divest and withdraw their BTC? (not counting the maidenvoyage situation)

This is a correct response.

please tell us if it is BTC or Bits?

how big is the Bank Roll right now in BTC?

https://www.moneypot.com/user/invest/btc says that it's in bits!
And currently its 1.35 btc

hi gap I missed you

thx for confirming but you saw the screenshot that was posted and it showed BTC

The site actually has the word "bits" behind the # so there's that.
It's more than likely that all # on the picture were in bits :p that seems to be the standard notation of moneypot.

[CrazyCraig]

thx for confirming but you saw the screenshot that was posted and it showed BTC

Hey JPR,

If you are referring to the image below, it is in fact in bits. We use bit partitions in reference to every coin at MP. For clarity, I will update the image template to display that the units are broken down in bits. The actual image serves as a way for us to display updated hourly stats in forums and other locations.

https://www.moneypot.com/images/bankroll/bankroll.png

Take care and have a nice day,
- CC

[JackpotRacer]

thx for confirming but you saw the screenshot that was posted and it showed BTC

Hey JPR,

If you are referring to the image below, it is in fact in bits. We use bit partitions in reference to every coin at MP. For clarity, I will update the image template to display that the units are broken down in bits. The actual image serves as a way for us to display updated hourly stats in forums and other locations.

https://www.moneypot.com/images/bankroll/bankroll.png

Take care and have a nice day,
- CC

Hi CC

thx for clarifying cause it was a bit irritating and not only for me as you see according the discussion.

all the best for you CC

[JackpotRacer]

Investors compensation coming soon

[Hhampuz]

Investors compensation coming soon

There's been updates on this or what? I myself never invested but still like to keep track of it all (was about to invest but just missed out prior to deadline).