Topic: 🌟🎲🌟 MoneyPot.com - page 23. (Read 119082 times)

I'd like to know this too, as since it was a 1.08% house edge, the maximum risk should a be ~7 BTC max win.

We are only statistically 10 btc below equity.

Variance has leaned the players' way for the last few days but its not hard to do when several hundred bitcoin is being wagered over the course of minutes in some sessions.

Realistically, Moneypot would prefer a slow and steady investor profit that follows the theoretical expected value of the bets placed but variance can not be tamed.

Any irregular jumps either end up in the players thinking the site is rigged or the investors thinking they're getting swindled.

Luckily though Moneypot has verifiable provable fairness for players and all player stats and bet information is public for investors (we are also working on a blog that shows more detailed logs of big wins so that investors have an easier and more clear picture of whats been going on).

How did this bet got accepted? Bet of 50,000 bits attempted to win 500 bitcoins...
https://www.moneypot.com/bets/631806614

This x100. If investing wasn't risky, nobody would ever need an investment. The whole point behind it is to help lessen the personal risk, otherwise why would you give everyone else guaranteed income when you could have taken it all for yourself? NO investment is guaranteed. Even holding your cash is risky (outside of inflation, which is actually a guaranteed loss, you're risking loss through fire, theft, etc.). There's a saying, "nothing in this world is guaranteed except death and taxes."

Just cause you have 1000BTC to 'invest' doesn't mean you should put it into a gambling site.
I still wonder why people think 'investment' means a guaranteed gain/profit.  Strange to see people put in 1BTC and wonder why they're haven't doubled their money in a week if not having doubled it instantly.

Nottardy was back today.  He only bet some, but did end up losing 1BTC back to MP in the end.

AFAIK that if you have 1000 btc to invest. I know that you will get a lot just from investment without doing anything. Moreover this is what you do in investment of gambling. But if you spend some on gambling too you might get something and get a lot too

Let say nottardy. He suddenly become a big whale after hitting thst big jackpot but do he come back? I dont see him around anymore, instead of coming back he makes a lot from yahoo apps so not all big whale will lose back from what they winning though

We store very little Bitcoin on our server, we only keep a small amount of Bitcoin onsite in a hot wallet to process withdrawals. As to the second part of your question, that comes down to your judgement.

will are bitcoin be safe on you server as don't look the idea of having my coin on a site that I don't control 

Well, I think that constraint needs to be relaxed for fixed-interest investing to make sense.


Let's say I borrowed 1000 BTC from you at 3% interest over a year. I throw that 1000 BTC in my bankroll, knowing that I can attract more action on my site. Even if a whale wins a lot of that money in the short term, he (or someone else) will probably maybe lose it back to the site. If everything goes well after a year, I give you back 1030 BTC and profited from the increased action on my site. If things go badly, I need to refinance the loan or declare bankruptcy.  


It doesn't sound particularly appealing for investors (and even stressing on MP's behalf, as it would effectively imply fractional reserving and needing to worry about bank runs and blah blah), but in the real world there are billions of dollars of loans/investments built on pretty similar principles

Thanks a lot for the pointer.

I remember a few years ago people were asking for the same kind of thing at Just-Dice. I looked into it and saw that it made no sense at all to offer such a thing.

If an investor cannot lose then what use are they to the site? The only reason a dice site wants investors rather than bankrolling it themselves is so that they don't get hurt too badly if the players get lucky. It's a way of spreading the risk. But if you have investors who literally are taking no risk at all, but still taking a profit, they are doing nothing but harming you. They aren't offering any way of spreading the risk, but are taking some of the profits that you could otherwise keep for yourself.

Look at it this way: I want to invest 100 BTC as a guaranteed investment for a year. The site offers me 3% for this. They can't risk using that 100 BTC to pay out winners, because they need to keep it in reserve to pay me back at the end of the year. So how about I just keep the 100 BTC in my own wallet for the year and promise not to spend it. And the site can just send me the extra 3 BTC at the end of the year. That sounds like a good deal to me. Let's make it 1000 BTC instead, and the site can send me 30 BTC at the end of the year.


If the interest doesn't come from other people's funds, where does it come from? If the site makes a profit over the term, it could come from the profit (and less profit would go to the real investors who are willing to take a loss), but what if the site makes a loss over the term? Is the site itself going to cover the interest? Why would the site want to do that when they get nothing out of the deal?


If you're not putting the fixed interest funds into the bankroll how will they grow? Will you be investing them in some other 100% guaranteed profitable investment? If so, why wouldn't I just invest directly in that thing rather than having you do it for me?


So you're an MP investor, making an expected 20 BTC return per year on your 100 BTC investment let's say.

Some guy approaches you (off site) and offers to lend you 5 BTC for a year, at 7.5% interest.

Would you really happily take that loan?

Whether your investment performs well or badly, you end up giving him the 5 BTC back plus 7.5% interest. Either way you are 7.5% of 5 BTC worse off than if you hadn't accepted the loan.

But, you say... You're going to take the 5 BTC at 7.5% and invest it on MoneyPot and make 20% off of it.

Wouldn't you be better off just investing an extra 5 BTC of your own rather than borrowing it at 7.5% interest?  You have an extra 5 BTC hanging around, right? You had better, because you'll need it (plus interest) to pay back the loan if the bankroll gets wiped out.

Alt coin support is coming in API v2

So....how's the Ruby integration coming? We're into November now, which is when you guys said it would be finished. Eager to hear about any updates

Please keep your signature campaign post spam out of this thread. The last several posts clearly state we will not be labeling it as guaranteed.

I think the word guarantee is not suitable for investment. Because investing is indeed risky, but we can lessen the risk if we know how to manage it and use the best strategy and techniques for us to be successful. Well I know we have different understanding so you have your own opinion too.

+34.5BTC in less than 8 seconds

Some asked for a public log of the ~30btc win session earlier.  Here it is:


BET ID     CLIENT SEED    WAGER      PROFIT          BANKROLL PROFIT            RANGE AND RESULT                                                  TIME

584891611   123456   1000000      -1000000      993000.0002   [{"from":0,"to":2126008812,"value":2000000}]   2701964466      2016-10-27 14:25:05.658762+00
584891777   147597   1000000      1000000      -1007000   [{"from":1082331759,"to":3208340570,"value":2000000}]   2130944542      2016-10-27 14:25:09.34631+00
584891875   493441   1000000      -1000000      992999.9998   [{"from":1082331759,"to":3208340570,"value":2000000}]   393234230      2016-10-27 14:25:11.410221+00
584891981   965574   1000000      1000000      -1007000   [{"from":1082331759,"to":3208340570,"value":2000000}]   1875555546      2016-10-27 14:25:13.816161+00
584892299   182086   1000000      1000000      -1007000   [{"from":1082331759,"to":3208340570,"value":2000000}]   3101148337      2016-10-27 14:25:20.509382+00
584892384   784051   1000000      -1000000      992999.9998   [{"from":1082331759,"to":3208340570,"value":2000000}]   947347392      2016-10-27 14:25:22.431632+00
584892476   604052   1000000      -1000000      992999.9998   [{"from":1082331759,"to":3208340570,"value":2000000}]   3881539961      2016-10-27 14:25:24.273286+00
584892569   1030801   1000000      -1000000      992999.9998   [{"from":1082331759,"to":3208340570,"value":2000000}]   3580051895      2016-10-27 14:25:26.204101+00
584892663   597420   1000000      1000000      -1007000   [{"from":1082331759,"to":3208340570,"value":2000000}]   2445615185      2016-10-27 14:25:28.006404+00
584892757   938940   1000000      1000000      -1007000   [{"from":1082331759,"to":3208340570,"value":2000000}]   1973063963      2016-10-27 14:25:29.934255+00
584892860   1033713   1000000      1000000      -1007000   [{"from":1082331759,"to":3208340570,"value":2000000}]   1665254932      2016-10-27 14:25:32.115912+00
584892955   225586   1000000      1000000      -1007000   [{"from":1082331759,"to":3208340570,"value":2000000}]   1577241483      2016-10-27 14:25:34.262382+00
584893236   978908   3000000      -3000000      2978999.999   [{"from":1082331759,"to":3208340570,"value":6000000}]   3631222196      2016-10-27 14:25:40.600544+00
584893308   762547   3000000      -3000000      2978999.999   [{"from":1082331759,"to":3208340570,"value":6000000}]   3724096364      2016-10-27 14:25:42.295947+00
584893376   386512   3000000      3000000      -3021000.001   [{"from":1082331759,"to":3208340570,"value":6000000}]   2723894639      2016-10-27 14:25:43.790888+00
584893457   991317   3000000      -3000000      2978999.999   [{"from":1082331759,"to":3208340570,"value":6000000}]   507924901      2016-10-27 14:25:45.551899+00
584893531   762717   3000000      -3000000      2978999.999   [{"from":1082331759,"to":3208340570,"value":6000000}]   733366120      2016-10-27 14:25:47.208887+00
584917519   123456   600000000      600000000      -604200000.1   [{"from":1099511628,"to":3225520439,"value":1200000000}]   1712339343      2016-10-27 14:35:32.238372+00
584917745   211400   200000000      -200000000      198600000   [{"from":1099511628,"to":3225520439,"value":400000000}]   3529879725      2016-10-27 14:35:37.216589+00
584917856   377451   200000000      200000000      -201400000   [{"from":1099511628,"to":3225520439,"value":400000000}]   2391366775      2016-10-27 14:35:39.712304+00
584917954   139702   200000000      200000000      -201400000   [{"from":1099511628,"to":3225520439,"value":400000000}]   1103617363      2016-10-27 14:35:41.774289+00
584918073   404753   200000000      200000000      -201400000   [{"from":1099511628,"to":3225520439,"value":400000000}]   1427439813      2016-10-27 14:35:44.253346+00
584918203   981855   200000000      -200000000      198600000   [{"from":1099511628,"to":3225520439,"value":400000000}]   3365905757      2016-10-27 14:35:47.219828+00
584918326   535983   200000000      200000000      -201400000   [{"from":1099511628,"to":3225520439,"value":400000000}]   1179685696      2016-10-27 14:35:49.640362+00
584918426   758363   200000000      200000000      -201400000   [{"from":1099511628,"to":3225520439,"value":400000000}]   3150547502      2016-10-27 14:35:51.846219+00
584918552   528507   200000000      -200000000      198600000   [{"from":1099511628,"to":3225520439,"value":400000000}]   854318840      2016-10-27 14:35:54.420444+00
584918648   325943   200000000      -200000000      198600000   [{"from":1099511628,"to":3225520439,"value":400000000}]   541480019      2016-10-27 14:35:56.48478+00
584918734   1100916   200000000      200000000      -201400000   [{"from":1099511628,"to":3225520439,"value":400000000}]   1260254853      2016-10-27 14:35:58.490731+00
584918823   960659   200000000      -200000000      198600000   [{"from":1099511628,"to":3225520439,"value":400000000}]   3830750049      2016-10-27 14:36:00.368371+00
584918922   1107300   200000000      -200000000      198600000   [{"from":1099511628,"to":3225520439,"value":400000000}]   3302748762      2016-10-27 14:36:02.339063+00
584919012   194012   200000000      200000000      -201400000   [{"from":1099511628,"to":3225520439,"value":400000000}]   2466912799      2016-10-27 14:36:04.18947+00
584919124   773210   200000000      -200000000      198600000   [{"from":1099511628,"to":3225520439,"value":400000000}]   4082845529      2016-10-27 14:36:06.469874+00
584919216   888898   200000000      200000000      -201400000   [{"from":1099511628,"to":3225520439,"value":400000000}]   2306928718      2016-10-27 14:36:08.444281+00
584919411   715584   200000000      -200000000      198600000   [{"from":1099511628,"to":3225520439,"value":400000000}]   3791084380      2016-10-27 14:36:12.608226+00
584919516   564179   200000000      -200000000      198600000   [{"from":1099511628,"to":3225520439,"value":400000000}]   4173747359      2016-10-27 14:36:14.763818+00
584920886   123456   700000000      700000000      -704899999.9   [{"from":0,"to":2126008812,"value":1400000000}]   124060642      2016-10-27 14:36:45.772562+00
584921102   576534   175000000      175000000      -176225000   [{"from":0,"to":2126008812,"value":350000000}]   585069067      2016-10-27 14:36:51.177594+00
584921289   308642   175000000      -175000000      173775000   [{"from":1185410974,"to":3311419785,"value":350000000}]   3614186273      2016-10-27 14:36:55.639728+00
584921365   902001   175000000      175000000      -176225000   [{"from":1185410974,"to":3311419785,"value":350000000}]   1189212070      2016-10-27 14:36:57.60214+00
584921470   280130   175000000      175000000      -176225000   [{"from":1185410974,"to":3311419785,"value":350000000}]   1266003751      2016-10-27 14:36:59.947073+00
584921561   790712   175000000      175000000      -176225000   [{"from":1185410974,"to":3311419785,"value":350000000}]   2597688718      2016-10-27 14:37:02.155614+00
584921653   1049153   175000000      -175000000      173775000   [{"from":1185410974,"to":3311419785,"value":350000000}]   604433739      2016-10-27 14:37:04.248117+00
584921740   603447   175000000      175000000      -176225000   [{"from":1185410974,"to":3311419785,"value":350000000}]   1563394937      2016-10-27 14:37:06.20223+00
584921818   465799   175000000      175000000      -176225000   [{"from":1185410974,"to":3311419785,"value":350000000}]   2808124559      2016-10-27 14:37:08.006909+00
584922051   411094   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   1865707150      2016-10-27 14:37:13.712601+00
584922150   625534   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   2300229049      2016-10-27 14:37:15.959811+00
584922533   197424   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   1389462615      2016-10-27 14:37:24.655156+00
584922609   812381   575000000      -575000000      570974999.9   [{"from":1185410974,"to":3311419785,"value":1150000000}]   4045719894      2016-10-27 14:37:26.255651+00
584922731   293468   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   1624701563      2016-10-27 14:37:29.060471+00
584922813   1018144   575000000      -575000000      570974999.9   [{"from":1185410974,"to":3311419785,"value":1150000000}]   315480691      2016-10-27 14:37:31.088779+00
584922880   983285   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   2249081437      2016-10-27 14:37:32.754692+00
584922984   1038917   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   2439502530      2016-10-27 14:37:35.043955+00
584923055   739358   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   3003710380      2016-10-27 14:37:36.853577+00
584923119   943346   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   1934419702      2016-10-27 14:37:38.517529+00
584923176   468510   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   1313008486      2016-10-27 14:37:40.023879+00
584923247   592028   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   1396568852      2016-10-27 14:37:41.840798+00
584923464   534170   575000000      -575000000      570974999.9   [{"from":1185410974,"to":3311419785,"value":1150000000}]   3992759014      2016-10-27 14:37:46.856469+00
584923542   239205   575000000      -575000000      570974999.9   [{"from":1185410974,"to":3311419785,"value":1150000000}]   4153897806      2016-10-27 14:37:48.746066+00
584923625   882407   575000000      575000000      -579025000.1   [{"from":1185410974,"to":3311419785,"value":1150000000}]   3115778713      2016-10-27 14:37:50.478533+00
584923708   332518   575000000      -575000000      570974999.9   [{"from":1185410974,"to":3311419785,"value":1150000000}]   879690992      2016-10-27 14:37:52.350495+00
584923801   901366   575000000      -575000000      570974999.9   [{"from":1185410974,"to":3311419785,"value":1150000000}]   94758949      2016-10-27 14:37:54.4427+00
584923891   865979   575000000      -575000000      570974999.9   [{"from":1185410974,"to":3311419785,"value":1150000000}]   4041813439      2016-10-27 14:37:56.638973+00
584923987   964408   575000000      -575000000      570974999.9   [{"from":1185410974,"to":3311419785,"value":1150000000}]   3517776427      2016-10-27 14:37:58.868257+00
584924081   529140   575000000      -575000000      570974999.9   [{"from":1185410974,"to":3311419785,"value":1150000000}]   194727236      2016-10-27 14:38:01.403063+00
584924288   424418   175000000      175000000      -176225000   [{"from":1185410974,"to":3311419785,"value":350000000}]   3259075975      2016-10-27 14:38:06.243614+00
584930039   362661   175000000      -175000000      173775000   [{"from":1185410974,"to":3311419785,"value":350000000}]   1062919878      2016-10-27 14:40:56.837928+00
584930127   587736   175000000      175000000      -176225000   [{"from":1185410974,"to":3311419785,"value":350000000}]   2700707333      2016-10-27 14:40:59.463333+00
584930190   471925   175000000      175000000      -176225000   [{"from":1185410974,"to":3311419785,"value":350000000}]   2481174970      2016-10-27 14:41:01.283093+00
584930254   669398   175000000      -175000000      173775000   [{"from":1185410974,"to":3311419785,"value":350000000}]   3327109189      2016-10-27 14:41:03.274087+00
584930324   754754   175000000      175000000      -176225000   [{"from":1185410974,"to":3311419785,"value":350000000}]   2265209216      2016-10-27 14:41:05.235087+00

The issue with saying "guaranteed" is nothing is guaranteed. Even the money at your bank, backed by the FDIC or another insurance agency, isn't guaranteed, despite how many people like to think it is.

I think the best thing to do here is just to wait until we have everything in place.

However, we will never label it as 'Guaranteed'.  There will always be risks.   

You mean to say, if people invest X amount and your site gives X + some fixed % of interest for a fixed term? Is that correct?

If that it correct then you can call it even guaranteed investment because investors no way they can lose the money in this investment type unless it is different from what I understood.

Fixed investment would be a better term than guaranteed

Editing for clarification so this isn't taken the wrong way: We will not be calling it a guaranteed investment. No investment is guaranteed.