I don't really understand why the world would need another moneypot to begin with, don't get me wrong and good luck on your future business, hopefully you will get many casinos tied to you, yet in the end casinos figured out to get bankrolls from other people all by themselves as well, so now they don't really need to use moneypot or any other similar place.
Just start your casino, open up an investor side and let the cash flow in for you, you would risk absolutely nothing and at the same time still keep profiting, sure self invested ones are profiting more but that way casinos do not risk anything at all and still profit like crazy. Moneypot was something amazing when it first came out and was something very much needed at that time, in 2020 it looks useless.
Topic: as moneypot is closing who is next decent bankroll provider? (Read 526 times)
We launched a new dice site at https://btcdice.io
We are planning on a bankroll provider and casino as a service provider similar to what MoneyPot did.
If there are any app developers who would like to be part of the new platform pm to discuss. We can work together on porting your old app or help with new ones.
We are planning on a bankroll provider and casino as a service provider similar to what MoneyPot did.
If there are any app developers who would like to be part of the new platform pm to discuss. We can work together on porting your old app or help with new ones.
how about explaining a bit more in a thread and not in PM?
best of luck
We launched a new dice site at https://btcdice.io
We are planning on a bankroll provider and casino as a service provider similar to what MoneyPot did.
If there are any app developers who would like to be part of the new platform pm to discuss. We can work together on porting your old app or help with new ones.
We are planning on a bankroll provider and casino as a service provider similar to what MoneyPot did.
If there are any app developers who would like to be part of the new platform pm to discuss. We can work together on porting your old app or help with new ones.
Any updates?
September 01, 2019, 09:36:35 AM
There is no point looking for the replacement of moneypot because there cannot be another moneypot. Even if a platform launches and modelled after moneypot, its more likely to be tagged an imposter in the market space. What is needed is another platform ready to fill the gap that moneypot will be leaving behind and looking at how to make it better other than thinking of replacing it. Someone else will take up the challenge or we look for other ways to survive without the services being provided by moneypot.
Providing project which is similar to older project cant be called as imposter, as long as the new project is reliable enough then the community will be very kind to welcome the project. Moneypot was the only one project that lets people owns a gambling apps although they have low budget for bankroll purpose. So a replacement or an alternative of moneypot will be very good news for most people in this forum especially those who are used to use moneypot in the past.
September 01, 2019, 05:40:25 AM
I am sure that questions about bankroll are interesting and very important for my gamblers. But I think that the strategy for using your bankroll should be correct. First of all, you need to divide your bankroll into several Room. I think that this approach will be much better even from the side of the human psyche, but also such a strategy will provide more opportunities at some point to choose the most profitable tournaments.
September 01, 2019, 03:16:50 AM
There is no point looking for the replacement of moneypot because there cannot be another moneypot. Even if a platform launches and modelled after moneypot, its more likely to be tagged an imposter in the market space. What is needed is another platform ready to fill the gap that moneypot will be leaving behind and looking at how to make it better other than thinking of replacing it. Someone else will take up the challenge or we look for other ways to survive without the services being provided by moneypot.
Why? I do not think by creating any of this bankroll provider will give you guys a lot of disadvantages. As far as I know, last time they only have some dice games that puts them into huge wagering. Their wagering is really huge as well but because of a little mistake, many of the investors start to move out their money and no games that want to join them again. If only there is more games use their service, I believe they will regain back their loss
So let's make it. Have free time, resources and cash.
There is no point looking for the replacement of moneypot because there cannot be another moneypot. Even if a platform launches and modelled after moneypot, its more likely to be tagged an imposter in the market space. What is needed is another platform ready to fill the gap that moneypot will be leaving behind and looking at how to make it better other than thinking of replacing it. Someone else will take up the challenge or we look for other ways to survive without the services being provided by moneypot.
Give me a few days to think about it. I will have a hard week at Office till sunday so it will take a few more days.
But the fire is kindled by my side!
But the fire is kindled by my side!
As i sayed i will send out a few pms next week!
The original moneypot was basically a "casino as a service". The old homepage did a good (imo) job of explaining it:
https://web.archive.org/web/20151127194540/http://moneypot.com/
It was a pretty cool project, made a decent amount of money and had a ton of potential. I just couldn't handle the responsibility of it, and bustabit at the same time -- so decided to sell it. After that it was pretty badly mismanaged on multiple fronts. Some were pretty wtf, like increasing the perfectly configured risk (max of the optimal kelly) to a max of 3.33x that. Even when i provided them simulations that showed an angry whale would guarantee in expected negative bankroll growth and bust the bank, they ignored me. (And no prizes for guessing what came next).
There's definitely a few things I'd do differently if I did it again, but I think it was fundamentally a good idea that someone (who is not me) should revive
The good part is, moneypot didn't require to put up the bankroll themselves neither, it was the perfect business model but required a lot of coding in order to be unpenetrable. That one website was only place required for all investors to put up money to become bankroll and than casinos used that bankroll however gamblers lost so the casino made a bit and investors made a bit as well.https://web.archive.org/web/20151127194540/http://moneypot.com/
It was a pretty cool project, made a decent amount of money and had a ton of potential. I just couldn't handle the responsibility of it, and bustabit at the same time -- so decided to sell it. After that it was pretty badly mismanaged on multiple fronts. Some were pretty wtf, like increasing the perfectly configured risk (max of the optimal kelly) to a max of 3.33x that. Even when i provided them simulations that showed an angry whale would guarantee in expected negative bankroll growth and bust the bank, they ignored me. (And no prizes for guessing what came next).
There's definitely a few things I'd do differently if I did it again, but I think it was fundamentally a good idea that someone (who is not me) should revive
I agree that someone should revive it but the required coding and the calculations is not something everyone can achieve, as you stated moneypot after you got greedy and lost money, so as you can see not everyone can do calculations like you.
I would love to have a website like moneypot for example but I wouldn't even know where to start as I am a person who only knows wordpress a bit and that's it
. So, it is not that easy to revive it and than the marketing part starts which becomes even a bigger problem later on. Its really not an easy task at all.well said! regarding the marketing part I disagree, it will be easy and cheap
The original moneypot was basically a "casino as a service". The old homepage did a good (imo) job of explaining it:
https://web.archive.org/web/20151127194540/http://moneypot.com/
It was a pretty cool project, made a decent amount of money and had a ton of potential. I just couldn't handle the responsibility of it, and bustabit at the same time -- so decided to sell it. After that it was pretty badly mismanaged on multiple fronts. Some were pretty wtf, like increasing the perfectly configured risk (max of the optimal kelly) to a max of 3.33x that. Even when i provided them simulations that showed an angry whale would guarantee in expected negative bankroll growth and bust the bank, they ignored me. (And no prizes for guessing what came next).
There's definitely a few things I'd do differently if I did it again, but I think it was fundamentally a good idea that someone (who is not me) should revive
The good part is, moneypot didn't require to put up the bankroll themselves neither, it was the perfect business model but required a lot of coding in order to be unpenetrable. That one website was only place required for all investors to put up money to become bankroll and than casinos used that bankroll however gamblers lost so the casino made a bit and investors made a bit as well.https://web.archive.org/web/20151127194540/http://moneypot.com/
It was a pretty cool project, made a decent amount of money and had a ton of potential. I just couldn't handle the responsibility of it, and bustabit at the same time -- so decided to sell it. After that it was pretty badly mismanaged on multiple fronts. Some were pretty wtf, like increasing the perfectly configured risk (max of the optimal kelly) to a max of 3.33x that. Even when i provided them simulations that showed an angry whale would guarantee in expected negative bankroll growth and bust the bank, they ignored me. (And no prizes for guessing what came next).
There's definitely a few things I'd do differently if I did it again, but I think it was fundamentally a good idea that someone (who is not me) should revive
I agree that someone should revive it but the required coding and the calculations is not something everyone can achieve, as you stated moneypot after you got greedy and lost money, so as you can see not everyone can do calculations like you.
I would love to have a website like moneypot for example but I wouldn't even know where to start as I am a person who only knows wordpress a bit and that's it
. So, it is not that easy to revive it and than the marketing part starts which becomes even a bigger problem later on. Its really not an easy task at all. ........
I always had the capacity to invest in gambling but I fear I would lose more than I'd ever make. And I never found a proper mentor to guide me. you shouldnt stop yourself from gambling if you really have the urge to gamble because that will only give you a guilt feeling or regret but instead play gambling with limits or play only with the amount that you can afford so that you wont loose more than what you could make . if you need a mentor you can ask here on the forum , there are many good and veteran gamblers here but its better if you can learn to go on your own .
To answer the question fast and easy what moneypot was.
Moneypot itself was your Pocket where you depo and withdraw your coins.
After your coins were sitting there you can go to a „app“ that was connected to moneypot and play.
You can say you want 0.1 from your 1btc you depo to play with it there but you don’t have to wait for depo it was instand there. After you play a bit on the „App“ and reach 0.2 you can easily send it back to moneypot and have now finally 1.1 btc sitting there.
I will give another example. Lets say there is a bankrollpage you send your coins to play with.
Now you say you want to make a few bets on stake. You go to stake and can say depo coins from my bankrollpage without fee or waitingtime. After you make a few bets but you now want to play on Crypto-Games you send your coins from stake to your bankrollpage without waitingtime and no fee and than send it to crypto-games without fee and any waitingtime. Moneypot was the bankrollpage at this moment.
I hope i give you a small explain what moneypot was
Moneypot itself was your Pocket where you depo and withdraw your coins.
After your coins were sitting there you can go to a „app“ that was connected to moneypot and play.
You can say you want 0.1 from your 1btc you depo to play with it there but you don’t have to wait for depo it was instand there. After you play a bit on the „App“ and reach 0.2 you can easily send it back to moneypot and have now finally 1.1 btc sitting there.
I will give another example. Lets say there is a bankrollpage you send your coins to play with.
Now you say you want to make a few bets on stake. You go to stake and can say depo coins from my bankrollpage without fee or waitingtime. After you make a few bets but you now want to play on Crypto-Games you send your coins from stake to your bankrollpage without waitingtime and no fee and than send it to crypto-games without fee and any waitingtime. Moneypot was the bankrollpage at this moment.
I hope i give you a small explain what moneypot was
That is a good effort but the way you laid out everything makes it hard to follow.
I too am looking for a proper explanation of what Moneypot was and more importantly, what bankroll in terms of gambling sites is and how are people making money from it.
I always had the capacity to invest in gambling but I fear I would lose more than I'd ever make. And I never found a proper mentor to guide me.
I think it doesn't have that much competition and when they are gone it left a big whole because the same reason why they went under is the same reason why they have no alternative as well. They are a small time company that tried to help everyone out with giving a common bankroll and than allowed casinos to be built around that bankroll.
Now, casinos do not really love that idea because if you are a decent casino than you can bankroll yourself and since you have house edge you will end up earning more and more money. However if you are not rich and want to build a casino around moneypot than you are not going to make a great casino anyway and only ones that use stuff like moneypot is usually the cheap bad casinos that is why moneypot didn't survive and this is the reason, there is no alternative.
I liked your statement about the "decent casino". I hope that in this way there will be good competition in the gambling market and really worthy and demanded resources will remain. It seems that a lot of gambling sites were created just to make money, and not to share their profits with users. Now, casinos do not really love that idea because if you are a decent casino than you can bankroll yourself and since you have house edge you will end up earning more and more money. However if you are not rich and want to build a casino around moneypot than you are not going to make a great casino anyway and only ones that use stuff like moneypot is usually the cheap bad casinos that is why moneypot didn't survive and this is the reason, there is no alternative.
I think it doesn't have that much competition and when they are gone it left a big whole because the same reason why they went under is the same reason why they have no alternative as well. They are a small time company that tried to help everyone out with giving a common bankroll and than allowed casinos to be built around that bankroll.
Now, casinos do not really love that idea because if you are a decent casino than you can bankroll yourself and since you have house edge you will end up earning more and more money. However if you are not rich and want to build a casino around moneypot than you are not going to make a great casino anyway and only ones that use stuff like moneypot is usually the cheap bad casinos that is why moneypot didn't survive and this is the reason, there is no alternative.
Now, casinos do not really love that idea because if you are a decent casino than you can bankroll yourself and since you have house edge you will end up earning more and more money. However if you are not rich and want to build a casino around moneypot than you are not going to make a great casino anyway and only ones that use stuff like moneypot is usually the cheap bad casinos that is why moneypot didn't survive and this is the reason, there is no alternative.
I think monsterbyte will build something on moneypot after the closure since the project is really too good to close
but if somehow B can really take charge of V1 that would be good as well , the general idea of moneypot is insanely good but too bad that it wasn't managed right
I'm confident that monsterbyte can build something similar to it as well since they acquired it and didn't benefit from it at all , anyways in the next 2 months or so we should all have more info
but if somehow B can really take charge of V1 that would be good as well , the general idea of moneypot is insanely good but too bad that it wasn't managed right
I'm confident that monsterbyte can build something similar to it as well since they acquired it and didn't benefit from it at all , anyways in the next 2 months or so we should all have more info
To answer the question fast and easy what moneypot was.
Moneypot itself was your Pocket where you depo and withdraw your coins.
After your coins were sitting there you can go to a „app“ that was connected to moneypot and play.
You can say you want 0.1 from your 1btc you depo to play with it there but you don’t have to wait for depo it was instand there. After you play a bit on the „App“ and reach 0.2 you can easily send it back to moneypot and have now finally 1.1 btc sitting there.
I will give another example. Lets say there is a bankrollpage you send your coins to play with.
Now you say you want to make a few bets on stake. You go to stake and can say depo coins from my bankrollpage without fee or waitingtime. After you make a few bets but you now want to play on Crypto-Games you send your coins from stake to your bankrollpage without waitingtime and no fee and than send it to crypto-games without fee and any waitingtime. Moneypot was the bankrollpage at this moment.
I hope i give you a small explain what moneypot was
Moneypot itself was your Pocket where you depo and withdraw your coins.
After your coins were sitting there you can go to a „app“ that was connected to moneypot and play.
You can say you want 0.1 from your 1btc you depo to play with it there but you don’t have to wait for depo it was instand there. After you play a bit on the „App“ and reach 0.2 you can easily send it back to moneypot and have now finally 1.1 btc sitting there.
I will give another example. Lets say there is a bankrollpage you send your coins to play with.
Now you say you want to make a few bets on stake. You go to stake and can say depo coins from my bankrollpage without fee or waitingtime. After you make a few bets but you now want to play on Crypto-Games you send your coins from stake to your bankrollpage without waitingtime and no fee and than send it to crypto-games without fee and any waitingtime. Moneypot was the bankrollpage at this moment.
I hope i give you a small explain what moneypot was
Could somebody explain exactly what Moneypot is? Is it a tool that allows you to spread your investment across multiple site bankrolls to minimize risk? Or what?
I would definitely be interested in such a tool, or something similar. Post it here and you'll get merit if I see it.
I would definitely be interested in such a tool, or something similar. Post it here and you'll get merit if I see it.
I have that question too.
I never heard of it before, although I am not a hardcore gambler or even know what bankroll is, however, if someone provides me a decent explanation, I'd definitely merit them as well.
I see JackpotRacer has a good history on the subject, found this through google. I will dig up the info. If anyone wants to create a compact version to read, feel free.
I opened long ago scam accusations as Investor ( I lost ) and RBIES holder
RBIES link
https://bitcointalksearch.org/topic/m.22227934
Investor scam accusation
https://bitcointalksearch.org/topic/m.21829632
sadly Investors and RBIES owners dont get together to try to push MP owners to pay or close down.
RHavar posted this not long ago
edit
in the new moneypot thread
https://bitcointalksearch.org/topic/m.23891888
And you will not provide a short grace period for current ruby holders to sell at your earlier promised price floor?
I don't really understand how you could make a promise to hold a price floor (and literally even quote the dictionary definition of "always"). As you know, people made investing and arbitrage decisions based on your price-floor promise and you're now pulling the rug from everyone. I'm struggling to come up with a more charitable interpretation then you're effectively scamming all ruby holders.
And if you are indeed solvent, than I think you would do yourselves a huge favor by demonstrating this (either publicly, or to a trusted person like dooglus) of proof of assets and quantifying your liabilities (which include promises made liked fixed investing returns and compensation promise made last year to investors ). If you are not solvent, you should be looking to return as much money as possible to your creditors. Or at the very least, issue a debt-based token like bitfinex did
he is spot on and said what I was saying for a long time just in better english. I was the only one who gave them red trust for not holding their promises
IMO it is time that Investors and RBIES owners get together and shout out
RBIES link
https://bitcointalksearch.org/topic/m.22227934
Investor scam accusation
https://bitcointalksearch.org/topic/m.21829632
sadly Investors and RBIES owners dont get together to try to push MP owners to pay or close down.
RHavar posted this not long ago
edit
in the new moneypot thread
https://bitcointalksearch.org/topic/m.23891888
And you will not provide a short grace period for current ruby holders to sell at your earlier promised price floor?
I don't really understand how you could make a promise to hold a price floor (and literally even quote the dictionary definition of "always"). As you know, people made investing and arbitrage decisions based on your price-floor promise and you're now pulling the rug from everyone. I'm struggling to come up with a more charitable interpretation then you're effectively scamming all ruby holders.
And if you are indeed solvent, than I think you would do yourselves a huge favor by demonstrating this (either publicly, or to a trusted person like dooglus) of proof of assets and quantifying your liabilities (which include promises made liked fixed investing returns and compensation promise made last year to investors ). If you are not solvent, you should be looking to return as much money as possible to your creditors. Or at the very least, issue a debt-based token like bitfinex did
he is spot on and said what I was saying for a long time just in better english. I was the only one who gave them red trust for not holding their promises
IMO it is time that Investors and RBIES owners get together and shout out
Wish i could get my hands on v1 for a good price with a few other from the old family like @jackpotracer, @yahoo and a few other maybe also with the help from RH to bring this great projekt back!
I actually think it's a good idea, with a lot of potential. I, however don't want to be involved -- but purely because I don't really want any legal liability being involved in gambling anymore. I however can put you in touch with a developer who did a lot of work on v1, and is pretty familiar with the codebase (he did the untitled dice stuff, the plinko, and sockepot).
If you are serious, I'd suggest contacting [email protected] for the exclusive rights on v1 source code and I'll checkin with the old dev to see if he's available. And then you could just relaunch it on a new domain
Very nice from JR and RH to get a feedback like this from both of you.
Give me a few days to think about it. I will have a hard week at Office till sunday so it will take a few more days.
But the fire is kindled by my side!
Jump to: