Topic: bustabit.com -- The Social Gambling Game - page 130. (Read 293938 times)
anyone got trouble connecting to moneypot or is it just me?
nice thout Good Luck with ur site ..............
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There must be some sort of minimum amount the investor has to actually send to make this work right? There seems to be a lot less risk to the investor.
Ryan mentioned there will be some minimum investor contribution, to be considered an active investor. It's just an anti-spam measure, so I'd guess it'd be less than 0.01 BTC or something, but I haven't seen anything concrete.You will be able to do that, although it's definitely not something desirable....
So from the casino's perspective, it's not a great thing, and it would be preferable if gamblers use the gambling site of the game, and investors the investing.
This is a concern, as the investors want gamblers to play, and gambling whales want invested coins to win.So from the casino's perspective, it's not a great thing, and it would be preferable if gamblers use the gambling site of the game, and investors the investing.
No, I'm trying to explain how it works to people who are having a hard time understanding it.
He's not a newbie. He's the same old troll as before.
For everyone else, I think we're talking about the BB-??-BB guy that spammed to death another thread with useless drivel. Very low IQ people tend to have very high EQ to compensate. They are usually passionate to the extreme but are completely wrong about the whole thing. Best to ignore them. 
your last two ventures failed...
No, my last two ventures were hugely successful. dice.ninja wasn't mine in any respect.
fact is : moneypot promoted for dice ninja so there is still some unanswered questions
Moneypot isn't mine in any respect either. So again I ask: what is your point?
And if there are unanswered questions, why don't you ask them?
+ now you are pushing this "investment" ?
No, I'm trying to explain how it works to people who are having a hard time understanding it. I came up with the idea around a year ago, with a view to implementing it for Just-Dice, but I saw too many potential downsides (gamblers seeing this new investment scheme as a fun +EV way of gambling, reducing the real action on the site, pushing out the more desirable long-term conservative investors, allowing rich-but-timid investors to dominate the bankroll and take almost all the profit, the risks of messing up the implementation when I already had a working system, and I'm sure more that I've since forgotten).
~"backed by doog" lolYou're an idiot. At no point have I said that moneypot, dice.ninja, etc. are "backed by doog".
What's with the newbie calling out trusted people?
Get out of my kitchen.
Get out of my kitchen.
He's not a newbie. He's the same old troll as before.
What's with the newbie calling out trusted people?
Get out of my kitchen.
Get out of my kitchen.
So, it becomes a fraction of a fraction that you actually sent? Does that mean, if I'm risk averse, I can pretend to have 10000 BTC, send only 1%, and risk 0.1% ... and do all the math, and... I won't have a problem if I don't actually have the imaginary BTC as long as the site doesn't continually keep losing?
When does the site ever request you to deposit the rest of the money? What happens if they don't deposit? The losses just stop because there isn't anything more left on the site as far as that particular investor is concerned?
If I understand it, this also means that the investor that risks only 0.1% also just gains 0.1% of the profits or whatever is his proportional share (less commissions later.)
There must be some sort of minimum amount the investor has to actually send to make this work right? There seems to be a lot less risk to the investor.
I mean, what if I "invest" 100k BTC (which I probably don't have), and only send in 10 BTC (and risk 0.0001% or whatever is the correct number for this example). Then as long as the site doesn't eat up those 10 BTC (on site), I make a profit and risk less at the same time, and the house, usually wins (or the house always wins in the long term.)
When does the site ever request you to deposit the rest of the money? What happens if they don't deposit? The losses just stop because there isn't anything more left on the site as far as that particular investor is concerned?
If I understand it, this also means that the investor that risks only 0.1% also just gains 0.1% of the profits or whatever is his proportional share (less commissions later.)
There must be some sort of minimum amount the investor has to actually send to make this work right? There seems to be a lot less risk to the investor.
I mean, what if I "invest" 100k BTC (which I probably don't have), and only send in 10 BTC (and risk 0.0001% or whatever is the correct number for this example). Then as long as the site doesn't eat up those 10 BTC (on site), I make a profit and risk less at the same time, and the house, usually wins (or the house always wins in the long term.)
Ok, good explanation. I may have gotten some of it, but just for clarification: How is this new investment scheme different from having the investors just plug in a percentage of what they want to risk based on what they have physically (digitally, bitcoiny) deposited?
Or, in other words, the site just looks at the amount actually deposited, and the percentage of risk depends on that. The amount that is claimed that is off-site can be ignored. Or does that still somehow factor into the computation?
Or, in other words, the site just looks at the amount actually deposited, and the percentage of risk depends on that. The amount that is claimed that is off-site can be ignored. Or does that still somehow factor into the computation?
No.
Re-read my post here which answers those questions:
That's not any different then having the same investor just put in 10 BTC and risk 10% of it, and another one sending 1 BTC and risking 100%.
If you send 10 BTC and risk 10%, you lose 1 BTC on the first bet, 0.9 on the 2nd bet.
On the other hand if you invest 1000 BTC but only send 10%, and say you want to risk 0.1%, then again you lose 1 BTC on the first bet, but on the 2nd bet you have 999 left and so risk 0.999 BTC on the 2nd bet.
Notice that 0.9 is different than 0.999. That is the difference.
Ok, good explanation. I may have gotten some of it, but just for clarification: How is this new investment scheme different from having the investors just plug in a percentage of what they want to risk based on what they have physically (digitally, bitcoiny) deposited?
Or, in other words, the site just looks at the amount actually deposited, and the percentage of risk depends on that. The amount that is claimed that is off-site can be ignored. Or does that still somehow factor into the computation?
Or, in other words, the site just looks at the amount actually deposited, and the percentage of risk depends on that. The amount that is claimed that is off-site can be ignored. Or does that still somehow factor into the computation?
look at what happened at dice ninja who you both promoted for! ...now what is this madess? it sounds complicated and dodgy! :[ no i'd not trust this idea
How is my forum signature ad in any way related to the current discussion?
i wish god make u loose and make u feel 
What kind of asshole believes in God then invokes him as their private army?
GTFO
Did you forget to pray to god for helping you to win your game lol?
i wish god make u loose and make u feel
What kind of asshole believes in God then invokes him as their private army?
GTFO
the cashout button doesnt work and thats why i lost some huge coins , fine .... admin you should recover my coins 
Surely an accusation about a glitch that's so sparse on details is legit!
Seriously, you didn't include a single detail that can be used to help you in any way. You also have a scam accusation against you already, and negative trust. You can see why people aren't going to take this post seriously, right? As far as I know, nobody else has had a problem with the cashout button.
the cashout button doesnt work and thats why i lost some huge coins , fine .... admin you should recover my coins
Works well and instant WD, please dont try to blackmail, nice site anyway just lack design
lol i am not blackmailing u willl understand when u will loose ur money on cashout button problem , i wish god make u loose and make u feel
im not associated with moneypot, im just a user playing there just like you, and its working fine for me, instant WD
the cashout button doesnt work and thats why i lost some huge coins , fine .... admin you should recover my coins
Works well and instant WD, please dont try to blackmail, nice site anyway just lack design
lol i am not blackmailing u willl understand when u will loose ur money on cashout button problem , i wish god make u loose and make u feel
the cashout button doesnt work and thats why i lost some huge coins , fine .... admin you should recover my coins
Works well and instant WD, please dont try to blackmail, nice site anyway just lack design
the cashout button doesnt work and thats why i lost some huge coins , fine .... admin you should recover my coins
glad you explained this for the simple people to understand.
I'm still confused......
now just tell me which game to to bet on and i'll give you 80% of profit
I'm still confused......
now just tell me which game to to bet on and i'll give you 80% of profit
So Investor One tells MP he has 1000 coins to invest and sends in 10. He's only risking 10 to a whale or variance. The other 990 are not on site.
Investor Two tells MP he has 100 coins to invest and sends in all 100.
Is Investor One paid a share of profits based on his share of the BR as: 10/110, 10/1100, or 1000/1100?
Investor Two tells MP he has 100 coins to invest and sends in all 100.
Is Investor One paid a share of profits based on his share of the BR as: 10/110, 10/1100, or 1000/1100?
Each investor is paid a share of the profits each round in proportion to his share of the amount he contributed to the max profit for that round. On JD each investor contributed the same percentage of their bankroll to the max profit, so using the size of their bankroll to determine the profit split worked. This proposed moneypot scheme allows investors to set their own risk percentage, so that needs to be taken into account as well.
In your example:
Investor 1 is contributing 0.1% of 1000, for 1 BTC of risk.
Investor 2 is contributing 1% of 100, for 1 BTC of risk.
The max profit is 2 BTC, and they split and profit or loss 50/50 on the first round.
Note however that the split changes every round (which is why I couldn't use this idea on JD - there were too many rounds, too quickly):
If the player wins the 2 BTC, then:
Investor 1 now has 990 offsite and 9 onsite for a total of 999. He's risking 0.999 BTC on the next round.
Investor 2 now has 0 offsite and 99 onsite. He's risking 0.99 BTC on the next round.
Investor 1 is now risking slightly more than investor 2, and so gets a little more than 50% of the split on the next round. (100 * 999 / (999 + 990) %)
Ok, so, hmmm, then it doesn't really matter what the investor says, what really matters is how much he put in. The remaining money (whether real or fake) can be safely ignored.
That's not any different then having the same investor just put in 10 BTC and risk 10% of it, and another one sending 1 BTC and risking 100%. Or, yah, maybe I still don't get it.
That's not any different then having the same investor just put in 10 BTC and risk 10% of it, and another one sending 1 BTC and risking 100%. Or, yah, maybe I still don't get it.
You still don't get it. If you send 10 BTC and risk 10%, you lose 1 BTC on the first bet, 0.9 on the 2nd bet, 0.81 BTC on the 3rd bet, etc. (assuming someone keeps winning max bets against you). The amount you're risking per game drops pretty quickly in the face of a winning whale.
On the other hand if you invest 1000 BTC but only send 10%, and say you want to risk 0.1%, then again you lose 1 BTC on the first bet, but on the 2nd bet you have 999 left and so risk 0.999 BTC on the 2nd bet. The 990 BTC you have offsite acts as a big weight and makes the amount you risk per bet much more steady than when you are risking 10% of 10 BTC.
Can I send 0.1 BTC and risk 1000% ? That would be awesome.
No, you can't risk coins that you don't physically have on-site.
So Investor One tells MP he has 1000 coins to invest and sends in 10. He's only risking 10 to a whale or variance. The other 990 are not on site.
Investor Two tells MP he has 100 coins to invest and sends in all 100.
Is Investor One paid a share of profits based on his share of the BR as: 10/110, 10/1100, or 1000/1100?
If the rest of the 990 coins are not on the site, how is it invested? Its just an amount that might be said to be invested but is not actually invested on the site. Isn't it?
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