Topic: Auction of MoneyPot.com the bitcoin gambling wallet - page 2. (Read 5838 times)

Yes, absolutely

Yes, the new owner would have to host it themselves. (I will help them set it up though)


There's no way the site can take a loss on its commission (e.g. the 1% from cold deposits, or a tax on investor profits). But probably the most sensible thing is for the owner to invest in the bankroll themselves (considering it has no counterparty risk), which can absolutely lose large amounts of money due to a lucky whale.

I'm not really that smart when it comes to websites, but if I purchase this, does it come with the domain name?
Do I have to host the servers myself?
If you provide the servers, what's the total hosting fee?
What's the current income per day for you guys?
Was there ever a day where you lost bitcoin?
What's your net profit/loss so far?

You can't either delete or edit posts in Auction board for obvious reasons.
@OP sorry for going off-topic

Sorry, I tried to edit my post but accidently quoted it twice lol. Did bitcointalk remove the ability to edit posts or is it only like this for this specific thread?

From my experience, there is no qualified advice when it comes to bitcoin. Hardly any country has proper laws or percedents.
I actually worked on a unique gambling site for 6 months and ended up not being able to release it. There is simply no way to launch a bitcoin dice site that's able to compete and is legal. The problem isn't even license fees(150k+/yearfor 2 different licenses if you want to be able to legally offer your service in the whole world except the US and Australia).
It's the simple fact that you will have to collect personal data from people who sign up and when you compare that to simply putting in a name on PD there is no way that members of the bitcoin community will come play at such a site.
Also a Costa Rican company provides absolutely no protection according to the several lawyers i have talked to.(Only got this information after i had already made one l0l)

Anyways, sad to see you sell the site. Couldn't think of many people in the bitcoin (gambling) community who are so passionate and have so innovative ideas and projects.
The amount of work and thought you put into your sites made me trust you even when i hadn't seen you on bitcointalk.
This could be the last good bitcoin gambling investing opportunity gone if the wrong person buys it. I do trust that you will choose the right person though.

From my experience, there is no qualified advice when it comes to bitcoin. I actually worked on a unique gambling site for 6 months and ended up not being able to release it.
There is simply no way to launch a bitcoin dice site that's able to compete and is legal. The problem isn't even license fees(150k+/year if you want to be able to offer your service in the whole world).
It's the simple fact that you will have to collect personal data from people who sign up and when you compare that to simply putting in a name on PD there is no way that members of the bitcoin community will come play at such a site.
Also a Costa Rican company provides absolutely no protection according to the several lawyers i have talked to.(Only got this information after i had already made one l0l)

Anyways, sad to see you sell the site. Couldn't think of many people in the bitcoin (gambling) community who are so passionate and have so innovative ideas and projects.
The amount of work and thought you put into your sites made me trust you even when i hadn't seen you on bitcointalk.
This could be the last good bitcoin gambling investing opportunity gone if the wrong person buys it. I do trust that you will choose the right person though.

No, they're just wiped from the liabilities. As a simple example: if someone deposits 1 BTC with cold addresses, my assets go up by 1 BTC but I only increase my liability to them by 0.99 BTC. Same logic applies to all types of commissions. (Although, everything is double-entry, so can easily be queried to audit)



I'm far from qualified to give legal advice. You'll need to speak with a lawyer who knows the laws of where you live.

Pretty much what I had thought. That is why I just sit and hodl my coins rather than invest them into anything lol. I even attach a spreadsheet with links to every forum sale I make when claiming the income on my taxes! I know better than to mess with the govt when it comes to something like BTC...sadly. I hope he finds a legit buyer to keep things going.

Absolutely not. Someone actually got charged with a crime for developing poker software for someone in Europe. Even though he wasn't hosting the poker site himself, the U.S. government decided that by nature of him developing it, he was aiding someone else in a criminal activity.

I would love to own a site like that, but sadly I lack the technical know how to run it properly . I also assume something like this would not be good for a US resident to own?

Does Moneypot show where the commission on investors go to? or is it just hidden and is sent to your own (MP OWNER) account? How much have you made from this per month average?

I'm sort of interested as an investor, and how goes the legal activities and licenses and such?

Regards,
Jm Erestain

It's been up what, a year, so 6k earned. Not sure if that's profit but I believe it's gross. So $500/month average, depending on how much time was put into it. Each person has to value his own time, .

Do you think thats enough to pay up the resources used.. Giveaway, electricity, etc..
IMO that profit ain't worth it to run a site for a long time..

He already said it's made 35 BTC since its start.

if the site is earning alot then it won't be put up in auction..

We wish you best of luck RHavar and thanks for being a great admin of Moneypot, our team looks forward to the new business relationship with the chosen new owners.

How much site earned in last 1 week, 2 weeks and 1 month?

Is the site require work with it, or it just earning alone without big help?

Oh wow, did not really see this one coming but i understand where you are coming from. I am certain just holding up the site and managing the issues with app owners, users etc + the constant worrying is more than enough to be a full time job. And most likely one that does not leave a lot of free time.
Sorry to see it come to this (You were very trusted in handling the site, so it is sad to see that part go) but i hope you find "The right person" for it. Good Luck!

Hi,

I'm not very fond of selling out real trusted companies/products. Have you considered alternative options like expanding and hiring people to help?

In any case, would you consider making public the site traffic analytics?

Regards

I doubt someone would buy it and just trash the site. And since he's looking for reputable people, he would hopefully choose someone that wants to really boost the site up even more and promote it more heavily.