Topic: 🌟🎲🌟 MoneyPot.com - page 2. (Read 119082 times)

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. 

It will be calculated by the all invested - all divested from yesterday backwards.  We will then work on making this number be at a breakeven point plus 6% roi rate per year.

People were saying we weren't involved in the risk before. I dont think people can say thats true now.

Commitment to current and previous Investors:

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.

We have listened to all the feedback from investors (both current and former) as well as experts in the field.  Some have expressed concerns about the current setup.  We have listened to these concerns, re-evaluated our model and it has played a major role in our decisions.

We have also had reports of foul play that could be trolling or a small chance that these claims are true.  While there is no evidence or proof (after months of checking vigorously and consulting with several experts), we have not taken this lightly and have weighed it into our decision to credit investors.

Furthermore, for any investors with 30 Bitcoin or more invested, we are allowing the option for multi signature (1/2) wallets for 70% of the funds (with 30% locked into investment).  We would still have access, but a premature pulling without reason is easily provable and would sink our reputation.  


New changes will be made in the very near future:

New Commission Structure:
App Owners will receive 40% of the house edge and 10% of investor profit
Moneypot will receive 10% of the house edge and 10% of investor profit
Investors will stand to make an additional 10% (40%) of the house edge.

New Kelly structure:
Max profit based on 1% house edge will be reduced to 0.5% bringing it closer to 1x Kelly.
Optional Kelly multipliers of 0.5x – 5x Kelly for investors will be introduced later down the road.

New App Rules:
Minimum house edge: 0.5%
Maximum multiplier: 9900x
Faucet will be self-funded.  MP will still assist with letting new players test sites.
No forced tips
No deception
No promoting on other apps
No luring players to or from other apps
No unlicensed or stolen sites
No bashing of Mp Staff, other app owners, or players

New Player Levels:
Players will soon have rankings determined by activity and volume.
Higher levels will receive special bonuses, offers, promotions, and benefits.


New App Levels:
App levels will be determined by uniqueness, creativity, development, and verification.
Basic clones with nothing added will remain at the lowest level.
Lowest level apps will receive 30% of the house edge as commission only.
Middle level apps will receive 40% of the house edge as commission only.
All apps that show promise and willingness to improve will receive extra help from Moneypot.
Income made from the leftover commission will be used to benefit Investors and App Owners.

V2 integration has already started and will soon be finalized.  An announcement will be made shortly when it is ready, but it will allow for increased security, faster bets, added features, and altcoin support.

For any questions or concerns, please private message me, e-mail us at [email protected] or visit www.Moneypotsupport.com.  We are available weekdays 9:30-5:30 EST and sparingly throughout the rest of the week.

Thank you for being a part of Moneypot.

We always answer people's questions, concerns, and listen to feedback.  We take phone calls and video calls to make sure people have someone to talk to about these things.

Everyone is more than welcome to get any questions or concerns answered at [email protected] or get live support at www.moneypotsupport.com weekdays 9:30-5:30 est.

I wanted to avoid using that term to apply to now because even with bets that have a house edge of 10%, it would cap out at 1%.  Where with 3.333 kelly, it would allow for a higher max profit beyond that.

What about half kelly?  I don't understand what you're asking.

That graph is assuming that bet sizes are the same.

Half-kelly is of course more safe but restricts our players from martingaling, or yoloing.

The reason why it was 3.333 kelly before was to allow these players more room.  It was never intended for a high amount of aggressive bets (this was explained before).

Current max win is 1% of the house bankroll.  It also has some restrictions.  If for example, a bet has a house edge of 0.5%, the max win is 0.5% of the house bankroll.  This applies to plinko bets, jackpot style bets, large multipliers, etc...

Previously we were operating at a true 3.3333 kelly.  For reference, BetKing was allowing for more than 10x true kelly and it had the highest profit of any crowdfunded site.  BitDice also allows for 10x kelly and has performed quite well (even at less than 70% expected value).

We have not found any proof or evidence of foul play -- so it's not that type of news.  It's news about the future and how we plan to move forward.

We will be giving a big update tomorrow.

We have had a long discussion with the user.

The user made some interesting comments and claims that need more verification.  No hard evidence or proof was given and our systems still check out.  However, we take this user's claims very seriously and will be looking much further into them.

The API was currently put on hold to transition to new servers and re-route in case his claims turn out to be true.  It will be re-launched shortly.

If in the case that it his claims are indeed true, we will be working on a plan to re-compensate investors.

Thread will remain open as long as people don't ask for what the claims are or speculate needlessly.  We need time to check through them before we can comment on them.

edit; API is back online.

To prevent any further speculation, I will be locking this thread temporarily.  We are taking this accusation very seriously.

Looking heavily into this person's claims.

We will be taking the API down to prevent any further damage in case.

I'd guess around the same even though most of the highest bitcoin wagers are done at lower multipliers.

I'm just trying to say that we are always willing to change for whatever is best.  We have shown that and we have said that numerous times.

Based off of what has happened up to this point, we didn't feel that investors were in a bad situation and I think it's unfair to make it seem like it has been and will forever be like that.  

Obviously if things changed, we'd change as well.

Out of the 73,775 BTC wagered so far:

Approximately 5000 Bitcoin wagered is made up of bets of 5 Bitcoin or more.
Approximately 3500 Bitcoin wagered is made up of bets of 1 Bitcoin or more.
Approximately 65,275 Bitcoin wagered is made up of bets below 1 Bitcoin.

added edit; Out of the 735.5 Million bets wagered so far, more than 735 Million bets are made up of bets of below 1 Bitcoin.

20% of the house edge goes directly to MP (our commission)
50% of the house edge goes to directly to App Owners (as a referral)
30% of the theoretical house edge goes to the investors.

Were you referring to something else?

Current is max win being 1% with some kelly restrictions.  During the first several months, we had kept the options the exact same way that Ryan had set up for us with the exception that we took 20% of the house edge on all single wagers.  

Ryan's argument holds true under a very specific scenario that would involve the majority of all volume being made up of max bets from whales that have an almost infinite bankroll to bet with.

I was going to quote your other post and respond, but decided against it, as I'd rather just drop it.  I still don't understand why all the site owners can't just create a pact together to help each other out instead of constantly attacking one another.  We'd all be much better off united.

This is a much better post.  I don't know why you couldn't just say this from the beginning.

Many people hang on to your every word.  If you say it is 'Like' something, many are going to assume that's the way it really is always.  That was my problem.

Anyways, just as a headsup, there is a possibility that we end up locking investments soon so that no new investments can be done and we will be looking to add in more private funds.  We believe the investment situation is highly profitable in the long run.

Heh...I think someone forgot something

Thread is being closed to make room for a new thread system for a cleaner announcement thread.

We opened it up as we went down for 5 minutes and did not want users to speculate with no communication.

He was gonna say, that's real quick to get up to 127 pages

so why thread was closed before ?