Topic: Moneypot: Powered by Monster Byte - page 9. (Read 9591 times)

in short MP should be TRANSPARENT for all sides. sadly they are not and never were Transparent.

regarding the NDA IMO it is a very bad sign and it stinks that MP owners are asking an Investor to sign a NDA.

yes everyone incl me would be glad if MP idea would be handled by the right people and a success

Would you be willing to clear up why this user (with +100 btc) has not been paid out? When this drama happened last year, I believe the official reasoning was that in exchange for not withdrawing until the end of the year he would be given some fixed return ().

I won't speculate as to why you made him sign an NDA, but a little bit of transparency would go a long way.


I strongly believe everyone here (including me, and I'm sure maidenvoyage) wants MoneyPot to succeed (and not to mention, it's the only way everyone is made whole). But you are operating in a business and industry that is almost completely defined by trust.

When I ran bustabit, in my time I presided over some pretty epic failures (not the least which included getting hacked). In each instance I was radically transparent about what happened, how the failures occurred and what I did to fix them. To the best of my knowledge, there was no lasting damage as people are very understanding that mistakes can occur but they understandably want certain assures.

So I really think unless you can be clear, straight forward and honest with people -- it is quite literally impossible for your business to survive.

This implies some sort of an agreement. I must state to the community that there is NO such thing as an agreement or "specific user does not have an available balance... handled proper channels".
The proper channels is the Canadian Law System where I have filed a claim.
Moneypot INC has during the year of 2017 in many occasions refused to pay me back, always coming up with new ponzi scheme like "wait a little we pay you more tomorrow" promises or even this ICO, or now this "Debt Token" thing. Like the one above. I mean..look at the language.. " responsible for the debt contributions..... " , "debt tokes w(h)ere an agreed upon contribution using partial income...". What does that even mean?  
If they do not grow up, come up with the money that people still have in their Bankroll or in other claims, they show that they are indeed broke.

Yes, please let Ryan state your points.  He does it in a much better way. 

no one is derailing anything here and they delete my postings because they dont like the truth and it looks like same for you.

RHavar is saying same like me but in better english thats all. please read again

How is "moneypot legacy" going to general income to pay off the debt tokens?

All users that have an available balance will be paid out as mentioned previously.  The specific user above does not have an available balance and is being handled through the proper channels.  

Moneypot legacy is responsible for the debt contributions and are not an empty shell company.  The debt tokens were an agreed upon contribution using partial income.  The debt tokens do not apply to investors or player balances past the specific date of December 16, 2016.

Please do not speculate.  Continuing to do so in this thread may lead to having your post deleted to avoid misinterpretation and misunderstandings.

All announcements made recently remain the same and will come into fruition soon.

Thank you.

If you read their announcement carefully, it seems like they are trying to weasel out of their debt by not honoring some of it (i.e. rubies) and then making the rest owed by  "moneypot legacy" (which presumedly refers to the old owners?). I really hope it's not the case, as transferring/selling all the assets of a company and then leaving the liabilities now owned a now empty shell company, is a pretty text-book example of corporate fraud. So it would be nice if MoneyPot would actually provide some real confirmation on what is going on, and it's commitment to honor it's obligations.

Yes, obviously if they don't pay Maiden they aren't solvent.  We are talking about the debt tokens and what they are being used for.

Please stop derailing conversations, you're causing MP to delete posts and hurting your own cause.

as far as I know Maiden didnt get back the 100 BTC yet and MP didnt prove that they have the 100 BTC.

in case MP is not claiming that they are solvent where are the coins from Maiden and some more?

Maybe I'm misreading, but I thought they claimed they were solvent and the "debt tokens" were for the bonus funds they promised investors who took a bath when MP got hit so hard.

For example, in the Maiden situation, he would get his 100BTC right now and debt tokens for the 43BTC +2.58BTC for every year he's been invested.

yep makes sense. poor user @maidenvoyage then as he needs to get a lot of BTCs and MP just like David Copperfield let those coins disappear

I don't think MP were claiming to be solvent are they? If they were solvent they wouldn't need to issue a debt token; they could just pay people back.

Don't believe they ever actually proven anything, like literally anything

all in all 143 BTC invested and about 100 BTC left. did MP prove to you that they still have the 100 BTC?

I would be one of the "few larger ones that pended review" .
When I go into withdraw.moneypot.com my balance shows "0" .
Could Kindly prop up my account so I can retrieve my Bankroll investment which must sum to ±100BTC.
See a screenshot here:


I hope you can show a "full prove of reserves" for the ones who will opt into Monsterbyte. But I hope you can honor this and other liabilities that MONEYPOT legacy brought upon you...

I think it's looking good and I'm looking forward to all of this getting laid to rest! Keep up the good work and know that there still are people out here who completely support and have full confidence in the team, even with Monster Byte running the show now I believe it'll all be good moving forward.

The aim is to get it prepared as quickly as possible.  It will be some time in Q1.  It will be announced when it is active.

moneypot wrote

These users are invited to soon log-in to their Moneypot account at withdraw.Moneypot.com and opt-in for the buyback program (not yet active).

when will this be active?

Continued transition and changes to Moneypot:

This is a reminder to all Moneypot and Moneypot legacy users to review all changes made to the new Moneypot powered by MonsterByte site and to also make sure they transfer or withdraw their balance from withdraw.moneypot.com if they had an available balance.  All transfers initiated through this process have been filled, save for a few larger ones that pended review.  These will completed within the following week.  At the end of this month, Moneypot will post a full proof of reserves for all funds invested and transferred onto Moneypot: powered by MonsterByte.



Debt Token Announcement:

Before the period of Decemeber 2016, Moneypot legacy underwent some big winners of the house bankroll.  As a good will gesture, Moneypot legacy offered and agreed to compensate users out of pocket for users who contributed to the house bankroll who were negatively affected by this.

Back on December 17,2016 , DogeDigital announced:
"Current day and previous investors will be credited so that they were in profit of at least their investment plus a bonus that equates to approximately 6% roi a year based on time invested going backward from today.  This will be credited over the next year from future earnings both from the current moneypot platform and other moneypot revenue streams.  Snapshots are taken from today.  However, going forward from today, there will be no extra credit."

He further explained:
"Over the next year. We will be distributing partial income towards crediting investors.  Cant give an estimate on completed time, but the faster income we make the faster we can give it back to our investors.  "

Unfortunately, during that time, there were quite a few setbacks.  While Moneypot was unable to start payments within that time period, the plan is still to compensate users from December 17,2016 past with partial income.

These users are invited to soon log-in to their Moneypot account at withdraw.Moneypot.com and opt-in for the buyback program (not yet active).  After opting in, users will be able to state a personal Waves address to be sent the specialized Moneypot debt token to.   This will allow Moneypot legacy to make the proper calculations and send the appropriate amounts to user's Waves accounts after the first period of collections (30 days). 

After the first period is conducted, the tokens will be sent to all that opted in.  A new opt-in period will continue for another 30 days with re-issued tokens sent upon completion.  A final period of 30 days will follow.
Once the final period has elapsed, all remaining supply of tokens will be burned so that no more can be re-issued. 

Each debt token will represent 1 Bit in debt token value.  Moneypot legacy will make bi-weekly (fortnightly) buy orders of 1 Bit per Debt token with partial income and burn all tokens bought . All buy orders will be made through the Debt token order book market which will determine which sell orders are filled first.  This process will continue until there are no standing sell orders left at 1 Bit per debt token. 

We will try to keep the public updated on the matter as things progress and post burn reports for transparency.

For any questions or assistance on these matters or any others, please contact [email protected].