Topic: Moneypot Investors are invited to vote and speak up - page 2. (Read 1880 times)

Oh look, it's exactly what I was saying.

Cue another mentally unstable screed about how I am also Dogedigital and stealing money from player's wins is really a good thing.

hey joksim

I told you to read our FAQs and About because all was written there and every player knew the rules and accepted it with pleasure.

we did not have 25% HE please stop spreading FUD ( I love this word)

did NotTardy complain? please link me

let me something funny that happened on this big win day

NotTardy came to our app and he knew exactly what he wants and I smelled that something is wrong with this guy. he came straight to the app and chat and asked me for the double ride promo. but he did a mistake cause he wanted the double ride and knew that I cant double his ride cause he wagered max (900 bits) according to the Bank Roll on that day

I declined the double ride cause it would not be fair to ride also with 900 bits and not as the promo was with 1800 bits

can you imagine if I would accept the promo ride with him and we would split his big win? LOL what would you say? I am sure he would not split with me and that was the reason I declined the promo ride. but today I regret it that I didnt do the ride even he wouldnt split with me

joksim you are annoying as fuck - toxic - and go on with your life LOL

please let me explain
we had no high House Edge Casino but we had a Lottery game with an House Edge of 9.22%

all details and Rules were clearly published as it was when you were the owner

we published the rules and we never stole any coins

we took 10% from the Winner Jackpot for chat rain and our players were very happy with that because most JP winners didnt give a lot chat rain and a very good example is the big winner who gave 0.25 BTC for chat rain and we gave 8 BTC chat rain

we took 10% from the Winner Jackpot for the Affiliates

check those postings
https://bitcointalksearch.org/topic/m.14590590
https://bitcointalksearch.org/topic/m.14592338

at the start we had a nice additional price for the JP Winner and gave them RBIES because we thought MP will implement RBIES (but they didnt and we stopped this price promo)


please let me also explain here

very soon after you sold MP to new owners it was clear that they had no clue about Kelly Criterion but they didnt admit it even till today.( IMHO you never should have sold MP to this group because you promised to check the new buyer inside out and you should have understand that they have no clue because they are gamblers and even didnt have the money and needed to borrow the money to buy MP. (yes I know you can do whatever you like with your property)

our Lottery had a House Edge of 9.22%

let me ask you how much could a player win max at a game with 9.22% HE  with a 1000 bits bet in case you have 1x kelly and 1000 BTC Bank Roll?

maybe you mistakenly thought we offered the plinko with a risk of 85% of the BR and you wrote somewhere that it is ok with Kelly ( please correct me if I am wrong but I can try to search for the plinko discussion)

I would say that you are wrong by saying the problem with JPRs style bets, is he effectively turned "good bets" into "bad bets" now.


agree with band aid solutions but thats only because MP owners dont know the KC and are looking for quick profit (their own profit)
they never should stop the forced tipping and never take off the faucet and it was never intended to subvert the commission structure. please remember that we handled it this way from the start when MP was in your hands.

now I have a chance to ask you and MP owners who received the about 8 BTC accumulated Jackpot amount in our Racer game? yes about 8 BTC! where are those? you sold MP to the new owners but did you give them the about 6 BTC accumulated Jackpot amount (the correct amount could be checked)? because lets assume the 2 big players in those times could have hit the Jackpot and the new owners would need to pay out. that means that if you didnt give this sum over to new owners the Investors or the new owners would have to pay out of their pocket and that would not have been fair.

now the question for the new MP owners: as the Jackpot accumulated later to about 8 BTC with the help of the big players Molloype and Jseonline and we closed the app not long ago I am asking where are those 8 BTC? did you keep those 8 BTC?


I am not annoying as fuck but all the sig spammers  that follow you and the new MP owners deep in your A**

I didnt tell you what to do with your life so please dont tell me what to do. I will defend myself against anyone and you can spare your comments like annoying as fuck or toxic because it fits to you or did you forget when you gave BetterBets the preferred treatment and even loans or you defended the racist @yahoo without knowing the reason of the dispute? you guys are toxic and not me. or do you think it will help Dogedigital to write that I spread FUD and he is only saying this because he doesnt want to full fill his promise he gave to the Investors long ago. you (RHavar) know very well that I am right and sure I am annoying because I dont let the new MP owners spread their FUD and false promises.

anyway thx for the posting and to give me the chance to answer and to give my point of view

He is my alt. Nice discovery.

That's why I asked, there are so many shady people on these forums it's hard to keep track. 

I would say that having a player win a jackpot and force that player to give you 20BTC+ is quite shady and should call into question that person's character.  Especially when your site was already running at a 25% house edge.

But you're right, he is annoying as fuck.  Sometimes I just can't help myself. 

thx for the info. the dev will fix it

don't know if you know this. you sig links. sends people to site offline page. should maybe update sig

hey DarkDays or should I call you joksim (your other account)?

even MP owner Ranlo confirmed that we did not steal any money because we are smart enough to write all our rules on the wall like FAQs or BCT posts. we are TRANSPARENT not like Moneypot trying to hide and mislead users and Investors

Why didnt any winner accused us that we stole from him? because we didnt! why are you claiming we stole from the winner? are you NotTardy the big winner? guess why NotTardy didnt accuse us that we stole from him? because he stole the big win! easy as that


just go back and read Ranlo's posting and also read RHavar posting above. (fingers crossed that those postings are still there)
and if you will again write we stole users money I will say with the same words as MP owner AcoinL aka Rango aka Matt aka Blacksheep and more

enjoy the Red!

don't forget to check later my answer to RHavar's last posting

edit
check Ranlo's answer again in case you didnt read it
https://bitcointalksearch.org/topic/m.14590590

and here mine
https://bitcointalksearch.org/topic/m.14592338

enjoy the red

thx for your posting

I just quoted it so you can't delete it

I will answer later in the day as soon I have more time

I don't think that's a fair assessment. As I recall (my memory might be off) is he had a high house edge casino where the user is trying to win X bitcoin. There's two ways to structure it: The first is the obvious: the user does a high edge bet where the user was trying to win X bitcoin.

The second way is a bit more clever, you send a low-as-possible-edge bet to moneypot where the user is trying to win (X+N) and then if the user wins, "force tip" the N to the casino owner.

From a players perspective both ways of doing it are identical, so the player isn't getting cheated. (The extra money actually comes from screwing with the commissions that MP charges, and minimizing the "fat" on the bet for investors).

Back when I created/ran MP, I didn't really care because I never accepted any bets that weren't kelly compliant so it was still advantageous to investors; so really the worst case is just that I didn't make commissions, but considering the low volume that JPR did it wasn't an issue.

The real problem though was with some of the later changes under the new ownership, they would accept bets up to a 3.33x kelly (irrc?). For anyone not familiar with the kelly stuff, any bet >2x kelly is actively harmful for investors (at least in terms of expected br growth). So the only way this is really sane is if you expect very little high kelly bets, and get a lot of extra publicity due to it (e.g. the max profit is higher).   But the problem with JPRs style bets, is he effectively turned "good bets" into "bad bets" now.

As I've mentioned a few times, I think the real fix was to make sure that the site never accepted >1x kelly bets and not muck around with any bandaid solutions.   Although it definitely might make sense to stop JPRs "force tip" style of bets, because it's confusing to users and it's obviously intended to subverts the commission structure.

--

So anyway, I don't think it's fair to call JPR a thief. But he's sure annoying as fuck, and should move on with his life.

And regarding the thread, it's been >6 months since MP promised to pay back investors. I think the absolute least they could do is publish some pretty firm numbers to the people involved of how much they're going to pay them and in what sort of time frame. I understand it might take a few weeks, but it's now been months. If I held such a debt and made such promises, I would consider it my top priority.

Never heard about it before and I do not find any accusations against him. If it is true, can you tell us how many btc have been stolen and why there is no one complaining it? I'm not in his side though, just so surprised to read your post about he stole money.

Didn't you get that money by stealing it from one of your players?

thx for your posting

it is exactly as you pointed it out! Dogedigital is trying to win time!

as you see his promise for the 103 Investment of an Investor +35 BTC loss to pay this amount in December is also just to win time

latest in December Moneypot's Bank Roll will be less 103 or even more and guess what then?

Moneypot needs to show strength and that would mean to compensate Investors now to bring back trust

I have seen the post of Dogedigital above but there is no actual solution proposed on it.

Do they always just try to earn time (by replying vaguely) to have your coins for longer?

If they're losing money, they should do something instead of just waiting and trying to avoid withdrawals for as long as possible.

please vote!

most voters feel scammed and fooled

Dogedigital is missing on BCT forum since 27th July thats very strange and unusual for the most active MP owner

Last Active:   July 27, 2017, 09:05:27 PM

https://bitcointalksearch.org/user/dogedigital-315650

the answer is that there is enough house edge and Moneypot is earning but the investors not and that is very strange but also very clear sign that MP owners care in 1st place for them and not the investors

a lot of lucky gamblers? yes LOL some are to lucky that it stinks and I dont need eeeth graphs to see this. next Dogedigital will attack me that I am spreading FUD but I have enough experience to see this and RHavar has also enough experience and just read back all what RHavar wrote regarding MP and Bank Roll management (Kelly) and all their empty promises they gave to the investors.

the magic word for MP is TRANSPARENCY! I dont see it yet but I am always asking for it. the end is written on the wall (sadly because it was a great business idea but now in the wrong hands)


we dont know what contract they have and I only hope for the investor that he is well secured with his 103 BTC and that he gets his 35 BTC he lost

but I as an investor would also like to get the guarantee he has and my loss back as all investors should get compensated as MP promised it.

last stats
Bankroll:    323,358,010 bits
Wagered: 99,419,893,646 bits
Investor Profit:    -90,265,274 bits
Bets:  1,184,510,230 

just imagine the Bank Roll less 103 BTC ............... the max bet would be crippled again and soon we will see what MP owners have in their Bank Roll..........

It all depends on what the deal was between the parties, when the investment was done. If you did this with a proper contract, then you would have built in a exit clause to protect yourself. If either parties deviated from the original contract, then they would be in breach of contract and this could be taken to court.

The problem with contracts like this is, none of this can be contested. The Bitcoin gambling industry is still operating in the Wild West territory, where anything goes. You invest in these things with no protection or real recourse if something goes wrong.

They are saying that they are operating from somewhere in Canada 

Why is MoneyPot failing to generate profit? Not enough house edge or a lot of lucky gamblers?

yes that is exactly what I thought. but to be fair we dont know if the Investor got a bank/fiat guarantee or an escrowed guarantee

but here is what RHavar posted in regards to the problem and deal

If I was an investor, I'd be pretty concerned. Promising returns strictly increases your risk, and largely defeats the purpose of an investor system. I think you guys have already promised investors a couple hundred bitcoin (?) after the incident last year; so unless you have some sort of cash injection -- solvency would seem to be a major concern.

link
https://bitcointalksearch.org/topic/moneypotcom-crypto-casino-suite-and-web-wallet-1737934

thx for your straight forward posting

For me with what I have read on this thread I think this is stealing by tricks because you didn't know the information about moneypot and thier tricks. I think this should also be a big warning to everybody. The big problem is that the investor is not even sure that moneypot is going to pay them by December.