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Topic: Greetings from the new 🌟🌟MoneyPot🌟🌟 staff - page 8. (Read 10998 times)

legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
Im not gonna lie i was semi excited about the possibility of a 3k bankroll for players to bet against. Oh well hopefully you guys still take this site in the correct direction

to be frank we were not semi but full excited to get a bankroll of 3k and a big new player group etc

and now we are not semi but full disappointed after the big announcement that Dean will bring not in his part and he is out of the game

it is like parents are promising their children a very very big Christmas gift and then very subdued canceling the big gift event. so it should not be a surprise that the children will be very disappointed and sad

now as Dean is out of the game when will the journey start?
legendary
Activity: 3766
Merit: 4554
Contact @yahoo62278 on telegram for marketing
Im not gonna lie i was semi excited about the possibility of a 3k bankroll for players to bet against. Oh well hopefully you guys still take this site in the correct direction
member
Activity: 94
Merit: 12
Great team. I think it's one that we can trust...

Good luck with your work, and hopefully we can see a better and improved version of MoneyPot in the near future.

Thanks for your support. Even on our end, the team has been beyond amazing in both ideas for moving forward and bringing about the best MP we possibly can. I think you all are going to be fairly surprised once we really hit the ground running, Smiley. We're very anxious for the takeover!
Sweet!

How has the transition been thus far? Are you close to a grand opening yet or so far yet?

Curious, will the old API still be in use of will you guys develop your own API?
legendary
Activity: 1988
Merit: 1007
Great team. I think it's one that we can trust...

Good luck with your work, and hopefully we can see a better and improved version of MoneyPot in the near future.

Thanks for your support. Even on our end, the team has been beyond amazing in both ideas for moving forward and bringing about the best MP we possibly can. I think you all are going to be fairly surprised once we really hit the ground running, Smiley. We're very anxious for the takeover!
legendary
Activity: 938
Merit: 1002
Great team. I think it's one that we can trust...

Good luck with your work, and hopefully we can see a better and improved version of MoneyPot in the near future.
legendary
Activity: 1988
Merit: 1007
Here's an idea - how about you guys input a sort of loyalty system. In the source code, maybe you can make a section where you can make multiple house edges. So maybe you start with 0.5% house edge, and each consecutive day you bet 100+ bits, the house edge decreased by 0.05, until it caps at 0.01%.

Those would be on a per-app basis, and are already possible (as shown by BB), Smiley.

That said, we're looking at doing MP-wide promos as well.
legendary
Activity: 1232
Merit: 1030
give me your cryptos
Here's an idea - how about you guys input a sort of loyalty system. In the source code, maybe you can make a section where you can make multiple house edges. So maybe you start with 0.5% house edge, and each consecutive day you bet 100+ bits, the house edge decreased by 0.05, until it caps at 0.01%.
legendary
Activity: 1988
Merit: 1007
In response to multiple meetings regarding MoneyPot, its current state, and its future, the team behind MoneyPot and Dean, of BetKing, have felt it in the best interest of both companies -- as well as current and future players and investors on both platforms -- to sever their partnership and move in different directions.


Any explanation as to what happened with this partnership? Im sure everyone would like to know

After consideration, we had different opinions about the future of MP, its expansion going into the short- and long-term future, and what we want to bring to the table for players and apps alike.
legendary
Activity: 3766
Merit: 4554
Contact @yahoo62278 on telegram for marketing
In response to multiple meetings regarding MoneyPot, its current state, and its future, the team behind MoneyPot and Dean, of BetKing, have felt it in the best interest of both companies -- as well as current and future players and investors on both platforms -- to sever their partnership and move in different directions.


Any explanation as to what happened with this partnership? Im sure everyone would like to know
full member
Activity: 154
Merit: 100
Official MoneyPot.com Account
In response to multiple meetings regarding MoneyPot, its current state, and its future, the team behind MoneyPot and Dean, of BetKing, have felt it in the best interest of both companies -- as well as current and future players and investors on both platforms -- to sever their partnership and move in different directions.

legendary
Activity: 1988
Merit: 1007

2-of-3 multisig doesn't help you if the holder of the server seeds is corrupt because he can use the server seeds to win the majority of the bankroll and then the other multisig key holders have no choice but to allow him to withdraw the coins.

Ultimately, the server "knows" what rolls are coming up, and so the guy with access to the server also knows, and can abuse that knowledge. It's crucial that the investors trust everyone with server access.

are you saying that there is no 100% bullet proof solution to secure the investors coins? IMO this would surprise many investors because many investors believe that their only risk is the person they trust their coins/investment will run away with the coins

In other words we cant have a perfect solution to this and it is not a secret anymore that the holder of the server secret will have access to the "funds" in other words he can win since he knows the upcoming roll , doesnt really matter whoever holding the funds
This should never have been any kind of secret. I was under the understanding that it was generally well known that if a casino owner was going to cheat their investors they would more likely gamble knowing the server seed rather then simply run away with investor funds, as this gives them somewhat of the ability to deny they actually stole from their investors.

If you were not even aware of this risk, then you probably should not be investing in casino bankrolls

The tl;dr to this is really just that... if you don't trust the person running a business, don't invest in it. Gambling or not. Virtual or B&M. Stock or bond. Loan or raffle. It doesn't matter what it is -- either you trust the person running it or you don't. Owners ALWAYS have access to everything. If they didn't, they wouldn't be able to control anything.
copper member
Activity: 2996
Merit: 2374

2-of-3 multisig doesn't help you if the holder of the server seeds is corrupt because he can use the server seeds to win the majority of the bankroll and then the other multisig key holders have no choice but to allow him to withdraw the coins.

Ultimately, the server "knows" what rolls are coming up, and so the guy with access to the server also knows, and can abuse that knowledge. It's crucial that the investors trust everyone with server access.

are you saying that there is no 100% bullet proof solution to secure the investors coins? IMO this would surprise many investors because many investors believe that their only risk is the person they trust their coins/investment will run away with the coins

In other words we cant have a perfect solution to this and it is not a secret anymore that the holder of the server secret will have access to the "funds" in other words he can win since he knows the upcoming roll , doesnt really matter whoever holding the funds
This should never have been any kind of secret. I was under the understanding that it was generally well known that if a casino owner was going to cheat their investors they would more likely gamble knowing the server seed rather then simply run away with investor funds, as this gives them somewhat of the ability to deny they actually stole from their investors.

If you were not even aware of this risk, then you probably should not be investing in casino bankrolls
legendary
Activity: 1988
Merit: 1007
You should consider adding Florincoin - FLO, Vericoin - VRC Hyperstacke - HYP and Fluttercoin - FLT


What would that give them? As you can see that most of those altcoins are dropping in value. Besides those coins don't provide a decent amount of players

On this note, as of right now, we had a discussion about altcoins and are currently putting them on the back burner. As it is, there's little value to adding them, but a lot of overhead with regards to their addition (development, security, processing, etc.). That said, it doesn't mean that it'll never happen, just isn't on the to-do list at this moment.
full member
Activity: 224
Merit: 100
You should consider adding Florincoin - FLO, Vericoin - VRC Hyperstacke - HYP and Fluttercoin - FLT


What would that give them? As you can see that most of those altcoins are dropping in value. Besides those coins don't provide a decent amount of players
legendary
Activity: 1330
Merit: 1000
I believe the team account is right in that we're getting a little side tracked in this thread.


It is of my personal opinion that Dean is a completely trustworthy person and I have no reason to believe that the funds are anything but secure in his hands. I am aware of some of the tension between him and a select few bitcointalk users.  I make no judgements of him outside of our business dealings in which he's always maintained class and composure.

I believe that his good standing record with PocketRocketsCasino puts him on the same level (not above or below) as other trusted major dice site operators and that there is no direct competition or ill will against any of the other sites.

My only hope is that the words in this thread are not misconstrued.  Hypothetical situations, assumptions, and 'what-ifs' tend to steer away from facts and viable information -- I believe as a respectable community, we can move past these.

Many members have attested to the credibility of Dean himself, including the highly respected Dooglus and I believe that the readers can take these pieces of information to gather an informed decision on whether or not Dean and the Moneypot Team have the highest regard for security, fairness, and equality for all.  

I'm sure the Moneypot team is happy to address any valid questions and concerns here in the thread, and leave personal hearsay or opinions to personal messages so that everyone can receive clear and concise answers in a suitable form.  

Cheers Smiley



legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed

Hi JPR, this is the group account for us. Naming trolls etc is not the purpose of this thread, this thread is intended for providing updates about our service and to answer genuine questions/concerns. We will be creating a group chat on Skype for app owners over the next couple days, please send us a PM containing your Skype ID.


naming trolls in this thread is not the purpose of this thread? agree but you called some user trolls and I would like to know who those trolls are if there are any

if this is a group account that means that one of the group member is answering under this nick but it could also be that any other group member is answering and therefore it would be nice and polite if I know with whom of the group I am right now talking or are you playing a hide and seek game here. I hope you understand my point

how comes that you decided for a skype group? slack or any other similar option like slack is IMO much better than skype and  myself I am not using skype and that would mean that I am out of any group discussion Sad

regards


full member
Activity: 154
Merit: 100
Official MoneyPot.com Account
As to the questions about Dean, it is important for people to note that the only "issues" regarding him are that certain people in the community (mainly other casino owners) do not like him.

That isn't true. I don't dislike him. The issues I had with him weren't personal at all.

I understand that you have made your decision to get into business with Dean and give him control of all your (future) investors' coins. But that doesn't mean you need to rewrite history and pretend that there have never been any issues with him other than "people not liking him". To do so seems disingenuous to me.

Hey Dooglus, we weren't targeting that comment at you, apologies if you took it that way. Bet King has kept the funds of its users safe for a couple of years now, we have full faith in Dean and are excited for the future.




No one is disputing that Just-Dice ran the largest site accepting a public bankroll, but ever since Just-Dice decided to switch to clams (which is not for legal purposes, in the eyes of the law BTC is the same as CLAM), Bet King (PRC) has been the largest site accepting user investments. As to the questions about Dean, it is important for people to note that the only "issues" regarding him are that certain people in the community (mainly other casino owners) do not like him.

As Ranlo said earlier, this thread is not intended to be a place for FUD/trolling. If you have any questions/concerns please send us a message and we will be glad to assist.

could you please tell us who you are? I am sorry if I missed it

could you please name those trolls because I did not see any but it could well be that I don't know who a troll is

I agree that we should have a place to talk to you guys = the new team/buyer at another place but this place should IMO be established by you like Ryan did it with inviting us to slack group.

and I disagree that each app owner will message you guys and discuss matters that are interesting for all app owners. that is exactly when I mentioned that no app owner should get a preferred treatment. yes I understand if there are private or internal questions regarding an app that would not be for all ears.

regards

Hi JPR, this is the group account for us. Naming trolls etc is not the purpose of this thread, this thread is intended for providing updates about our service and to answer genuine questions/concerns. We will be creating a group chat on Skype for app owners over the next couple days, please send us a PM containing your Skype ID.
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed


No one is disputing that Just-Dice ran the largest site accepting a public bankroll, but ever since Just-Dice decided to switch to clams (which is not for legal purposes, in the eyes of the law BTC is the same as CLAM), Bet King (PRC) has been the largest site accepting user investments. As to the questions about Dean, it is important for people to note that the only "issues" regarding him are that certain people in the community (mainly other casino owners) do not like him.

As Ranlo said earlier, this thread is not intended to be a place for FUD/trolling. If you have any questions/concerns please send us a message and we will be glad to assist.

could you please tell us who you are? I am sorry if I missed it

could you please name those trolls because I did not see any but it could well be that I don't know who a troll is

I agree that we should have a place to talk to you guys = the new team/buyer at another place but this place should IMO be established by you like Ryan did it with inviting us to slack group.

and I disagree that each app owner will message you guys and discuss matters that are interesting for all app owners. that is exactly when I mentioned that no app owner should get a preferred treatment. yes I understand if there are private or internal questions regarding an app that would not be for all ears.

regards
legendary
Activity: 2940
Merit: 1333
As to the questions about Dean, it is important for people to note that the only "issues" regarding him are that certain people in the community (mainly other casino owners) do not like him.

That isn't true. I don't dislike him. The issues I had with him weren't personal at all.

I understand that you have made your decision to get into business with Dean and give him control of all your (future) investors' coins. But that doesn't mean you need to rewrite history and pretend that there have never been any issues with him other than "people not liking him". To do so seems disingenuous to me.
full member
Activity: 154
Merit: 100
Official MoneyPot.com Account
It sounds as if you are making changes to Bet King that could potentially risk the funds of the investors - ie. you're switching to the MoneyPot model. That includes exposing your investors' coins to games with less than 1% house edge, which they didn't sign up for. It would be better in my opinion to require the investors to withdraw from the existing site and deposit to the new one. That way you are sure that they consent to the changes you are making.

Actually with they would have to withdraw and redeposit using the Money Pot account system.

OK. When you said:

3000 Bitcoin of the funds are from my current investors

it sounded like you were moving your current investors coins over to moneypot without asking them. I don't see how else you can justify making that claim.

I think it's unfair to say it's not as trustworthy as PD (considering we look after more player funds at any time than PD) or JD.

If you're measuring trustworthiness by number of Bitcoins held, biggest bets, volume, profit, or any other similar measure (and that does appear to be what you're doing) then I don't think betking's stats come anywhere near to Just-Dice's.

are you saying that there is no 100% bullet proof solution to secure the investors coins? IMO this would surprise many investors because many investors believe that their only risk is the person they trust their coins/investment will run away with the coins

I'm not saying there's no solution, but as far as I know nobody has implemented a solution. Currently Ryan is in the position of being able to win on your MP app whenever he wants to. He knows the server seed, so knows the outcome of each bet before it happens. This is something investors need to take into account when deciding which bankroll to invest in.

(As for possible solutions, you can imagine a system where three different people ran servers, each of which had their own server seed, and each bet had to pass through all three servers to generate the roll. That way the only way to cheat investors would be if all three people colluded.)

I understand your point but IMO the investors could divest before their coins are moved to MP or immediately after it is moved to MP or am I wrong?

Only if they knew about the switchover. There are quite a few people who still didn't withdraw their BTC from the JD bankroll, 18 months after the site shut down. Some investors just like to "invest and forget". But it turns out that Dean isn't moving the 3000 BTC over from BK to MP after all - he's going to have the investors withdraw from BK and deposit to MP, so the point is moot.

how could all of this harm the app owners? at what risk are they?

I wasn't meaning to cast any aspersions. I've had run-ins with Dean in the past, but he seems trustworthy enough. I don't know how much of a team player he is, but I'm in no position to criticize on that score either.

No one is disputing that Just-Dice ran the largest site accepting a public bankroll, but ever since Just-Dice decided to switch to clams (which is not for legal purposes, in the eyes of the law BTC is the same as CLAM), Bet King (PRC) has been the largest site accepting user investments. As to the questions about Dean, it is important for people to note that the only "issues" regarding him are that certain people in the community (mainly other casino owners) do not like him.

As Ranlo said earlier, this thread is not intended to be a place for FUD/trolling. If you have any questions/concerns please send us a message and we will be glad to assist.
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