good project i think can big succes
why not use ETH token smart contract, ussualy all people prefere use ETH token smartcontract
and easy added to exchanger, waves token can dificult added to exchanger after ico end
wait open bounty
Topic: 🔥[ANN][ICO] MONEYPOT X (MPX) -- Fuel the Moneypot Network | Built Products🌟 - page 14. (Read 10836 times)
September 12, 2017, 01:23:49 PM
September 12, 2017, 01:09:12 PM
Unfortunately 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:
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.
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?
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.
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.
Keeth, 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.
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.
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.
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.
All Moneypot and MPX funds are separate. MPX does not equal Moneypot. It will receive donations from the revenue generated. It has nothing to do with net profit. It is not a ponzi. We have stated over and over that the plan from MP side was to payback from other sources of operations to credit those in the past. It will start to happen.
I hope potential future investors see the level of transparency you are providing to your current investors who you have outstanding obligations to. Your advertised "500 bitcoin net profit" is in reality a hypothetical revenue potential and refuse to even give the simple question: what is Money Pots actual net profit?.
In your update you reset the investor profit conveniently hiding the huge amount of money investors lost. And of course you have no problems advertising how much wagers and users you have.
But worst of all you refuse repeated calls to demonstrate solvency like in the exact same manner you previously did. People would even be happy with you proving your assets to a neutral 3rd party like Dooglus who could also substantiate your claim you never claimed the BCC which it justification for withholding it from investors.
But I particularly love your will receive donations from revenue generated legal hack. I'm assuming you came up with it yourself. I showed my wife who works in a legal firm and she spat out her coffee laughing. She pointed out that not only is it's transparently obvious what it it really is, it demonstrates willful non-compliance.
Perhaps you should allocate some of that money for upcoming legal expenses.
This will be my last post on the matter. I have already written off my loses investmenting into Money Pot and fulfilled my duty in warning future investors and the securities commission.
reserved for the future scam accusation from me as an ex Investor still waiting for Dogedigitals to full fill his empty promises. Investors should get together and stop such empty promises form Dogedigital!
please read here when Dogedigital gave his promise!
https://bitcointalksearch.org/topic/m.17208594
Commitment to current and previous Investors:
Current day and previous investors will be credited so that they were in profit of at least their investment plus a bonus that equates to approximately 6% roi a year based on time invested going backward from today. This will be credited over the next year from future earnings both from the current moneypot platform and other moneypot revenue streams. Snapshots are taken from today. However, going forward from today, there will be no extra credit.
We have listened to all the feedback from investors (both current and former) as well as experts in the field. Some have expressed concerns about the current setup. We have listened to these concerns, re-evaluated our model and it has played a major role in our decisions.
We have also had reports of foul play that could be trolling or a small chance that these claims are true. While there is no evidence or proof (after months of checking vigorously and consulting with several experts), we have not taken this lightly and have weighed it into our decision to credit investors...
September 12, 2017, 12:07:39 PM
Very nice project, how about Signature Campaign ? 
Signature campaign threads will be open within the next 2 hours. Unfortunately it is not eligible for Junior members or below.
September 12, 2017, 10:29:21 AM
Very nice project, how about Signature Campaign ?
September 12, 2017, 10:23:23 AM
All Moneypot and MPX funds are separate. MPX does not equal Moneypot. It will receive donations from the revenue generated. It has nothing to do with net profit. It is not a ponzi. We have stated over and over that the plan from MP side was to payback from other sources of operations to credit those in the past. It will start to happen.
I hope potential future investors see the level of transparency you are providing to your current investors who you have outstanding obligations to. Your advertised "500 bitcoin net profit" is in reality a hypothetical revenue potential and refuse to even give the simple question: what is Money Pots actual net profit?.
In your update you reset the investor profit conveniently hiding the huge amount of money investors lost. And of course you have no problems advertising how much wagers and users you have.
But worst of all you refuse repeated calls to demonstrate solvency like in the exact same manner you previously did. People would even be happy with you proving your assets to a neutral 3rd party like Dooglus who could also substantiate your claim you never claimed the BCC which it justification for withholding it from investors.
But I particularly love your will receive donations from revenue generated legal hack. I'm assuming you came up with it yourself. I showed my wife who works in a legal firm and she spat out her coffee laughing. She pointed out that not only is it's transparently obvious what it it really is, it demonstrates willful non-compliance.
Perhaps you should allocate some of that money for upcoming legal expenses.
This will be my last post on the matter. I have already written off my loses investmenting into Money Pot and fulfilled my duty in warning future investors and the securities commission.
September 12, 2017, 08:38:28 AM
bounty only for Senior Member.....
Senior members and above will be able to participate in the signature campaigns.
Members below senior can participate in the facebook/twitter program as well as the affiliate program.
These will be made available later today.
September 12, 2017, 08:35:12 AM
bounty only for Senior Member.....
September 12, 2017, 08:00:26 AM
Keeth, 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.
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.
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.
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.
September 12, 2017, 02:52:41 AM
I am interested in the " "in the title of this thread.What does it means? sir. 
Reserve the Chinese Translation if required .
Reserve the Chinese Translation if required .
No Chinese Translation is needed. It is preferred that translations are not requested on this thread. There is no real significance behind the other than to help stand out from the others.
is this project from moneypot.com. I'm offline for a long time but usually play your game 2 years ago
This project while different than Moneypot.com, works together with the Moneypot network and its team. If you haven't visited lately, I suggest you take a look on how it is evolving to a web-wallet and hub that still supports the gaming platform that old customers were accustomed to.
Unfortunately 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:
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.
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?
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.
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.
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.
Post-ICO, The plan is to make the majority of the main bankrolls to be private, consisting of a portion of MPX funds as the contributing house bankroll. Current investors of the bankroll will be divested, to be cashed out, completely separate from the MPX funds.
The good thing about this upcoming new setup is that all funds and holdings will be protected by the trusted escrow team. All expenses and transactions will be verified. This applies for during and beyond the ICO's completion. You can find more information at https://www.moneypot.com/escrowterms.pdf .
Yes, the overall investor profit under the last commission model was -91.8 BTC. You can check the stats at dicesites.com/moneypot. The overall site profit however was 518.8 BTC. We believed the 500 profit to be the most representative number to use. 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.
Apps will continue to receive 40% and with the planned move to a mostly private bankroll, this would leave 60% of the house edge left for MPX. Under the previous results this would have the investor site profit as +69.8 BTC. This of course is based on the previous result which was under expected value, the true calculation that MPX will depend on.
Let me explain:
When MPX funds are used for a bankroll, it is directly created to work off the house edge calculations.
If 100 BTC is wagered for the day and the house edge is 1%:
100 BTC * .004 (40% of house edge) = .4 BTC will go to App Owners directly.
100 BTC * .006 (60% of house edge) = .6 BTC will go toward the Moneypot network directly.
Theoretically, the bankroll contributed from the MPX funds, remains the same, working off of a 0% house edge. This allows for a steady stream of MPX investments without necessarily drawing to or from contributing funds. It also allows the escrow to keep almost all contributed house bankroll funds still under their control, as only a small portion is needed to support the bankroll's variance.
If the same stats were applied from V1 of Moneypot, these bets (drawing the stats from dicesites) would produce 97,000 * .006 = 582 BTC in generated profit for the Moneypot network.
September 12, 2017, 01:21:01 AM
Unfortunately 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:
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.
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?
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.
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.
September 11, 2017, 11:56:46 PM
I am interested in the " "in the title of this thread.What does it means? sir.
Reserve the Chinese Translation if required .
Reserve the Chinese Translation if required .
September 11, 2017, 11:38:02 PM
is this project from moneypot.com. I'm offline for a long time but usually play your game 2 years ago
September 11, 2017, 11:32:11 PM
Quite a new and refreshing ICO among the ones I have seen in a while. Looking forward to the links and updated thread. All the translation askers please check carefully they have mentioned not to ask here but in the bounty thread which will be opened a bit later.
September 11, 2017, 11:09:35 PM
Hey, correct me if i am wrong you guys will be offering 98M tokens for sale during the ICO, or it's a different amount?
Thanks
Thanks
98M tokens (MPX) will be for sale. It will simply be distributed by 98M / Total BTC value collected. Bonuses will not dilute the MPX token pool.
This bounty event is only open to senior members, hope to give newbie some opportunities
We will only have signatures for Senior and above, but there is still a chance to earn with the affiliate program for the ICO. You can earn up to 5-7.5% of what you refer to the ICO. More details about it are being released tomorrow.
September 11, 2017, 11:05:09 PM
Hey, correct me if i am wrong you guys will be offering 98M tokens for sale during the ICO, or it's a different amount?
Thanks
Thanks
September 11, 2017, 11:02:22 PM
This bounty event is only open to senior members, hope to give newbie some opportunities
September 11, 2017, 10:46:57 PM
Do NOT ask to translate on thread. A translation thread will be made for those services.
September 11, 2017, 10:45:25 PM
I want to reserve Indonesian translation sir
September 11, 2017, 10:42:15 PM
reserved
September 11, 2017, 10:31:48 PM
Hello everyone, proud to be part of the team behind this coin and happy to answer questions you may have regarding it.
There have been a lot of ICO's over the past few months in the crypto-gaming space. Many of these were conducted without even having an existing product, or a platform ready for use.
Unlike these other coins, MPX, combined with MoneyPot, has a ecosystem already in place, that has been in operation for years. No other web wallet offers as many features as MoneyPot does, whether its a developer using our APIs or a customer using our platform for fee-less off-chain transactions.
There have been a lot of ICO's over the past few months in the crypto-gaming space. Many of these were conducted without even having an existing product, or a platform ready for use.
Unlike these other coins, MPX, combined with MoneyPot, has a ecosystem already in place, that has been in operation for years. No other web wallet offers as many features as MoneyPot does, whether its a developer using our APIs or a customer using our platform for fee-less off-chain transactions.
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