This means I will be hosting the Money Pot code/server.
Seriously?
Like, I'm not taking shots at you yourself here. But it doesn't matter who the person hosting the code/server would be here, whether you, Stunna, theymos, or whoever - I really think that's a stupid thing to do. You buy MoneyPot and the first thing you do is hand off the responsibilities and everything to do with the security to an app?
Hi DiamondCardz,
We appreciate your concerns. We feel that you and the team behind MoneyPot share a common interest in having all aspects of MoneyPot be as secure as possible. We had a lengthy discussion regarding the partnership with BetKing.IO and tried to view it from all possible angles and scenarios before making our final decision. This partnership goes well beyond just an ‘app’ coming to our site. Both players and casinos will benefit from a combined bankroll that greatly exceeds 3,000
BTC, which allows us to offer the largest maximum bet size in the entire industry. Additionally, we have spent quite a bit of time talking with Dean, and we share many common goals -- we believe that combined we can achieve them.
The security of these funds (over ~1 Million US Dollars at current rates) is top priority for us and we understood that albeit being a reputable team, the funds would be better suited in the hands of the owner of the longest and largest Bitcoin investment site that it was originally entrusted with. We understand that running MoneyPot will be a tough task, but our team feels up to the challenge and we’re dedicated to making MoneyPot the most secure but enjoyable Bitcoin Gaming site around for years to come.
Which commision system is moneypot gonna use? The reason the old commision system on mp worked because the bankroll was relatively small.
Now the bankroll will be more than 4x the old size. This means that moneypots EV for investors will not be competitive anymore(unless wagered/time period rises significantly)
As Dean said, we are planning on offering casinos multiple choices on how they can receive their income. If an app owner has any questions regarding which option to take, we can gladly advise them regarding the risk/reward of each of the choices.
We believe that this plan will also work out to generate more income for investors. Investors will be able to choose their Kelly risk, and will benefit from the increased volume stemming from Bet King, and whales that can bet amounts far larger than they previously could on other apps in the network.
hi Dean
that sounds really very good. but we hope that all app devs/owners will get an equal treatment and not a preferential treatment like it was handled before. I don't want to get into any details because it should be history
bitcoin is in our opinion regarded as a truly democratic form of money and so should be the moneypot business idea
good luck
All app owners will be treated equally! We are creating a forum where every app can have their own thread. In addition, we have a few ideas in mind on how to fix the featured apps location. Right now we are thinking of having a slot system where a few spots are dedicated to the casinos doing the most volume, as well as having a few temporary slots that are not based on volume. If you ever have any concerns or suggestions you can always reach out to us and we will assist you as soon as possible.
We more than welcome all questions, critiques and concerns. All voices will be heard and we will continually adjust to keep MoneyPot as efficient as possible for all parties involved.