Topic: Auction of MoneyPot.com the bitcoin gambling wallet (Read 5818 times)

Announcement has been made! https://bitcointalk.org/index.php?topic=1274857.new#new

We did! And there's a lot of great news that will come with our formal announcement.

Your? You guys bought Moneypot? Damn good mate.

We're posting an intro to our group today, .

May we know who or what group the site has been sold to?

Thanks everyone for participating. I have selected a winner, and the auction is official over. Thanks everyone!

Shit. I meant "the end of November" but apparently can't count.

Just to err on the side of caution, I'll make it "end of December the 1st"

31. of november is obviously a mistake. Does the auction terminate tonight or tomorrow night?

You're right that it's an unconventional auction, but I believe it's more of an auction than a sale as there is no fixed price.

As for why I have and will reject bids, MP has tremendous potential to be used for a huge scam, and that's something I would do anything to avoid. Because of the investor system, all a (rich) scammer would have to do is start creating shill whale accounts on the site, and start losing hundreds of bitcoins to investors. To reassure everyone it's real, you'd just have to show solvency and even though this would be a paper-loss, the reality is that a lot more investor money would come in, then go out because of it. Then after it stops growing (or you run out of paper money), the scammer would just shut down the site and keep investors money.

And that's not purely theoretical, I've been contacted already by two people who I believe had bad intentions (and can be traced back to a previous bitcoin scam) one offering a significant more than the highest bidder.

So if you're interested in the site, I'd encourage you to place a bid. If you're buying the site with good intentions, I can't imagine myself knocking back the bid. And the site is strongly looking like it'll sell one-way or another, and at something I would consider a very attractive price =)

Hi Ryan,

This doesn't seem like a standard auction that i would be willing to bid on. Since you are choosing which bids to reject it doesn't come off as an action. I think this belongs more as a normal Sales Thread. Anyway that being said if you ever were to convert this into a proper auction i would be happy to place my bid.


- David19.

If that's true then nobody will buy it, lol.

Ryan will keep ALL invested funds in his possession. He will run a clone of the site (essentially) where users can easily withdraw their funds as they are ready. You can then reinvest in the new platform if desired.

What will this auction mean for people that are using the INVEST option on MoneyPot?

Sure, I'd be willing to read over it and take it into consideration. My goal with the auction is to find the person/people I would think most motivated and suitable to run the site, not necessarily the highest bidder. However, I do have have multiple offers above the starting bid already =)

@Ryan: Will you consider a lower starting bid or is 50BTC the absolute minimum you are willing to sell the platform for?

@readers: anybody interested in splitting/partnership?

unibtc's is certainly a valid point. There are always cases where a company buys out its competitor and then closes it down. Also, it is possible that he may not be able to manage it as well as Ryan does. SatoshiDice last year (it is going okay at the moment) is a good example to consider.

But, yeah, considering the number of competitors here, I don't think it someone would actually intent to do it. Moreover, Ryan could easily decline the offer if he doesn't find it in the general interest to proceed with the sale.




Yup.




You don't really have to. Ryan is still the owner and is in control of Moneypot and its bankroll. He would announce once there is an ownership change or something worth the notice.
Well, it is up to you to decide what to do with your money.

i took off all my money from MP for now.. sadly ;(

NLNico made a nice comparison table: https://dicesites.com/moneypot

Is it possible to see somewhere profit Statistics from MoneyPot games owners?
I have some excellent gamble domains, and for some time now thinking about on starting this job. certainly interests me and the future of the MoneyPot.com service, changing the owner is not guaranteed successful future work.
thanks, and I apologize if I went to off-topic

I want to point out that if he's asking the basic questions like that, he's probably not a good fit. @Decoded -- it's up to the owner to secure things. Your job to ensure all updates are done to the site/server, ensure as new exploits/vulnerabilities are discovered (including your own pen-testing) that they're fixed before people are able to take advantage of them, etc. If you're not well-versed in Internet, server, and web development application security, you absolutely do not want to be handling other peoples' funds, much less your own.