Pages:
Author

Topic: Moneypot Bankroll Losses - page 2. (Read 598 times)

hero member
Activity: 966
Merit: 535
November 04, 2017, 01:27:26 PM
#9
I opened long ago scam accusations as Investor ( I lost ) and RBIES holder

RBIES link
https://bitcointalksearch.org/topic/m.22227934

Investor scam accusation
https://bitcointalksearch.org/topic/m.21829632

sadly Investors and RBIES owners dont get together to try to push MP owners to pay or close down.

RHavar posted this not long ago
edit
in the new moneypot thread
https://bitcointalksearch.org/topic/m.23891888

And you will not provide a short grace period for current ruby holders to sell at your earlier promised price floor?

I don't really understand how you could make a promise to hold a price floor (and literally even quote the dictionary definition of "always"). As you know, people made investing and arbitrage decisions based on your price-floor promise  and you're now pulling the rug from everyone. I'm struggling to come up with a more charitable interpretation then you're effectively scamming all ruby holders.

And if you are indeed solvent, than I think you would do yourselves a huge favor by demonstrating this (either publicly, or to a trusted person like dooglus) of proof of assets and quantifying your liabilities (which include promises made liked fixed investing returns and compensation promise made last year to investors ). If you are not solvent, you should be looking to return as much money as possible to your creditors. Or at the very least, issue a debt-based token like bitfinex did


he is spot on and said what I was saying for a long time just in better english. I was the only one who gave them red trust for not holding their promises

IMO it is time that Investors and RBIES owners get together and shout out


The trust system is broken and has never been used for what it was ment for. It reminds me if school children doing things to spite one another. Trust is farmed with trading and red tust given out for no reason. Trust rating has been abused because people can't read. Spammer get negative trust or sometimes bad quality posts. Niether of these have anything to do with trust which is why I say oeoel can't read. It's sad that people are more worried about giving neg trust to spammers or to people they wrongly accuse, meanwhile people are stealing outright in Plainview and nothing is done. It's almost like criminals are welcome.

I myself was accused by one of the moneypot guys for posting only to be paid for my signature. Meanwhile I was speaking out against them and they didn't like it so they said I was just posting for the sake if posting. So you see the mentality we dealing with here.
sr. member
Activity: 476
Merit: 259
November 04, 2017, 07:04:57 AM
#8
Something strange is going on at moneypot, they definitely can't lose such an high amount with that house edge.

There is no possibility in the world that they could lose it in ONE year which could be count to be a long run lose, I think that their are few explanations for this case.

1. It's either they had a security breech that allowed someone to steal funds from the site, they hided it from the  customers and investors, but the funds are now gone.
2. Their random is not truly random, which may lead to the fact that some players had an advantage over the system, which caused them to win at the long run./


lets be straight forward and can say that all options in this poll are possible


Whales, they had really lucky gamblers and made KELLY errors   
Software, they had glitches   
Security holes   
Thieves from outside   
They are thieves

it would be easy to know the problem if MP would be transparent but they are not

there were a few well known whales but they did not win

the winners were always players with new accounts



It doesn't matter if you are a whale or not a whale.

You are still having a 1% disadvantage against that system.

There is definitely not a legit reason that moneypot could be losing so much money in the long run.

Kelly errors rarely apply on the long run, and is usually being fixed( statistics become normal again), I don't believe that moneypot are thieves, but I do believe that they are hiding something from the community who supports it.
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
November 04, 2017, 06:41:25 AM
#7
Something strange is going on at moneypot, they definitely can't lose such an high amount with that house edge.

There is no possibility in the world that they could lose it in ONE year which could be count to be a long run lose, I think that their are few explanations for this case.

1. It's either they had a security breech that allowed someone to steal funds from the site, they hided it from the  customers and investors, but the funds are now gone.
2. Their random is not truly random, which may lead to the fact that some players had an advantage over the system, which caused them to win at the long run./


lets be straight forward and can say that all options in this poll are possible


Whales, they had really lucky gamblers and made KELLY errors   
Software, they had glitches   
Security holes   
Thieves from outside   
They are thieves

it would be easy to know the problem if MP would be transparent but they are not

there were a few well known whales but they did not win

the winners were always players with new accounts

sr. member
Activity: 476
Merit: 259
November 04, 2017, 06:20:51 AM
#6
Something strange is going on at moneypot, they definitely can't lose such an high amount with that house edge.

There is no possibility in the world that they could lose it in ONE year which could be count to be a long run lose, I think that their are few explanations for this case.

1. It's either they had a security breech that allowed someone to steal funds from the site, they hided it from the  customers and investors, but the funds are now gone.
2. Their random is not truly random, which may lead to the fact that some players had an advantage over the system, which caused them to win at the long run./
legendary
Activity: 3066
Merit: 1312
November 04, 2017, 01:42:23 AM
#5
Must have been a hufflepuff style job imo. I don’t think it’s possible to be that unlucky as a casino. Must have been glitches or a security hole somebody was able to take advantage of.

I dont think there was a glitch which made them lost great amount of BTC, if there was a glitch then they should be able to fix it and made a delay of the withdrawal for suspicious activity. There is no official announcement from MP about a serious glitch so I guess the winning was legit. Just my personal opinion, no one knows except MP owner and staffs.
legendary
Activity: 1456
Merit: 1023
November 03, 2017, 07:05:04 PM
#4
I think I was lucky to withdraw all my funds from moneypot bankroll investments many months back after noticing continuous losses for few months. Even though that time I made some losses but didn't lose all my money.

I don't know the how it can happen when they already have maximum bet amount set and if someone winning always they also can verify the bets before releasing funds.
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
November 03, 2017, 12:25:28 PM
#3
I opened long ago scam accusations as Investor ( I lost ) and RBIES holder

RBIES link
https://bitcointalksearch.org/topic/m.22227934

Investor scam accusation
https://bitcointalksearch.org/topic/m.21829632

sadly Investors and RBIES owners dont get together to try to push MP owners to pay or close down.

RHavar posted this not long ago
edit
in the new moneypot thread
https://bitcointalksearch.org/topic/m.23891888

And you will not provide a short grace period for current ruby holders to sell at your earlier promised price floor?

I don't really understand how you could make a promise to hold a price floor (and literally even quote the dictionary definition of "always"). As you know, people made investing and arbitrage decisions based on your price-floor promise  and you're now pulling the rug from everyone. I'm struggling to come up with a more charitable interpretation then you're effectively scamming all ruby holders.

And if you are indeed solvent, than I think you would do yourselves a huge favor by demonstrating this (either publicly, or to a trusted person like dooglus) of proof of assets and quantifying your liabilities (which include promises made liked fixed investing returns and compensation promise made last year to investors ). If you are not solvent, you should be looking to return as much money as possible to your creditors. Or at the very least, issue a debt-based token like bitfinex did


he is spot on and said what I was saying for a long time just in better english. I was the only one who gave them red trust for not holding their promises

IMO it is time that Investors and RBIES owners get together and shout out
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
November 03, 2017, 12:15:22 PM
#2
Must have been a hufflepuff style job imo. I don’t think it’s possible to be that unlucky as a casino. Must have been glitches or a security hole somebody was able to take advantage of.
member
Activity: 80
Merit: 14
November 03, 2017, 09:58:50 AM
#1
I have sincerely never understood how a gambling site could go from 500BTC positive to 92 Btc Negative with 1% House edge.
Does anyone have an explanation?
I would really know, what the market thinks what happened.

Also.. as an investor.. one does not see ones bankroll stake anymore? Am I the only one still invested? Are there others?
Pages:
Jump to: