Topic: 🌟🎲🌟 MoneyPot.com - page 8. (Read 119080 times)

Looks like a good suggestion because if app owners and owner do not want to take part in sharing all the losses which occur in the moneypot system but at least, they should be part of some massive losses. I too lost big amount here and moved my funds to other bankrolls.

I understand your point man. Losing money sucks whether it be you, me, moneypot, or whomever. I just think you should look at the math and rethink your thought.

Yea i read that and added in with the recent changes to the system i came off like a hotheaded prick. My apologies for that. Im not gonna delete the comment as im human and emotions do come into play at times when it comes to money.

I do however not share your opinion on apps being a part of the loss. Im not some untitled dice free script. I have actual money sunk into my site. If some whale comes in and wins 100 btc its not the apps fault. There are winners and there are losers in gambling. Investors should understand these risks before investing. Ive said it before and ill say it again," ppl do have to win here and there, otherwise why gamble ever?"

Moneypot is supposed to be provably fair and any app that is on the system is also provably fair from my understanding. In the long run the house always wins in gambling. This is something thats all investors should keep in mind.

Theres alot more i want to write but Im gonna sit back and see what happens. I cant give MP a solid idea on how to treat the situation because what theyre doing is not my expertise. Theyre doing what they feel is best and we just gotta ride the wave whether a player, investor, or owner.

Yahoo - nothing is personal and not just for signature purpose I wrote that comment. I lost my money as investor so wrote my personal feeling about this investment

But I feel that in business everyone should be responsible for the significant losses which happen in every business. Not only investors should take all those risks. Also, people do promotions by expecting some profit either immediately or in the longer term, and if I'm not wrong no one will do a charity work to distribute money to public, and I hope you will agree on this point.

I wrote that comment based on my personal experience because not making any profit from quite some time in moneypot investments.

I know you're one of the reputed guy running many campaigns on this forum so it is not good to use those bad words in public and it will not give you any respect.

I'm an investor, so if I lose money, then I hope can suggest some better feature for the owners, and I withdraw my investments already because it is no more attractive for me. And similarly, if you think that you can't make money from your site then no one is forcing you to run promotions and should know what to do right?

Still, there is a lot of opportunities improve moneypot profit distribution method to attract more investors, and that's what I want to say.

No. I get the profit and commission of all apps. Combine all profit, subtract total app commission, subtract investor profit.. leftover is MP "profit". So it doesn't matter if your commission is 0% or 20%.. I don't use that

Unfortunately most posts are made by trolls (i.e. fiscorcle) is almost certainly an alt account of "Lanzador" (https://bitcointalksearch.org/user/lanzador-888795)), or are made by signature spammers looking to get paid.

Is your site not assuming we've obtained commission off every BTC ever wagered? Because that's the part in question. The math itself is correct -- the encapsulated period (and thus wagered) for which we've obtained commission is not.

Also, to add on to the last post, we've given a decent amount of BTC to help with promos, reimburse users that had deposit issues back when they were a problem, etc. We will continue to show our dedication to both investors AND players through the coming years, proving time and time again that we're in it for the long haul, .

Uhm my site is correct I don't use any fixed percentages or something like that. It's all calculated based on your stats.


I understand hosting and development is expensive though and BTC price was like half just some months ago.. so not trying to argue with that :p

The number shown/claimed on Dicesites is FAR from actual. We had zero commission for a significant period of the year, which isn't accounted for there. We didn't get even close to 100k. And that's assuming it was all kept in BTC. Our expenses are almost entirely fiat-based, where the value of BTC was much lower than it is today.

Anyways, I brought up the fact that we've taken zero satoshi because we are in this for the long-term, not short-term.

Lets act professional guys, no need for insults and raging.

What have you guys spent $100,000 on over the last year...?

Do you understand how the numbers break down at all? Or did you just try to think up something to say for your signature pay? I honestly think you really have no clue.

We as app owners make a whopping 40% of the house edge now. That means if we have a 1% House Edge we will make .004btc from every 1btc wagered. You think we are getting rich or something and youre incorrect. Now youre saying we should share in the big losses? Are you ignorant?

We app owners have hosting and domains to pay for. Then add in all the advertising we do. Now toss in dev costs(not exactly cheap). And lastly add in the promos we do(which have to be paid regardless of whether ppl are wagering or not if we announce them). For example i have a 1btc wagering contest going on on bubblesbit. 19 days into the month we have 72btc wagered. Do the math on the House edge now. we need 250btc wagered in the month to break even just on the promotion with the current app owners cut. 250-72 =178btc left to be wagered for us to break even. Im pretty sure im paying this promo out of my pocket buddy.

This doesnt include the fact that now moneypot also wants us to pay our own damn faucets now.

So i ask you how in the hell do you expect app owners to pay for big losses as well? Dont comment unless you have a fucking clue is all im saying.

Is it a good idea that if anyone wins higher than certain % of bankroll then investors, app owners and moneypot should share equally all losses than only investors? I don't know it can be agreed by all and can be implemented this system. Just to show people that even owners also part to sharing those huge losses.

App owners have their own costs. MP has their own costs (encapsulating coverage of all apps, development, time expense, etc.) PLUS has always had a large portion of the BR. To say MP has not had any "risks" is asinine. When the BR tanks, MP loses as well, not just investors, as MP is, at its core, an investor as well, both personally and business-oriented.

I also want to stress the fact that the grand total paid to ANY of the MP owners over the past year (which covers our ownership period) is exactly 0.00000000 BTC. ALL income that has been made has always been put back into the system for growth, development, etc. There has been a lot we've worked on behind the scenes, and just don't want to share at this point because people like to ask for a specific release date and then attack you if something slows that down and/or things change with regards to actual execution of ideas.

If moneypot and app owners are not involved in risk taking than I don't consider such sites are safe to invest money and it is just my opinion because I think in some way site owners and app owners also need to pay these big wins then only I feel whole business model can grow in a healthy way otherwise I think it is not fair to push all losses to only investors. And I don't think hosting and maintaining site cost will be that high to push all big wins only to investors.

And what exactly are we being compensated for?

kool, thanks appreciate the kind gesture.

When will previous investors be reimbursed / how will that calculation take place?

Looks good to me (a previous investor). It would be great if a special page is set up for us to check whether our account is eligible to the bonus and how much bonus we could get. Or, could it be shown after the login page?

Just to clarify. www.bitdice.me now has investment options from 0.5x to 5x kelly. The higher options have been removed

sorry I don't understand the meaning of true 3.3333 Kelly

what can be said against half Kelly?

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kelly's criterion
As we can see from the diagram above, if we bet twice Kelly, we would have an expected growth rate of zero, and further increasing our bet would be a suicide in long run, even if we have the advantage in the gamble. The expected long-term growth rate will also decrease when the gambler bets aggressively, yet with higher risk than Kelly. This is why some gamblers would use a “Half Kelly”, half betting size of Kelly’s Criterion, to protect them from being over-aggressive. The size is halved while the expected growth rate is 75% of Kelly’s, which makes “Half Kelly” a welcoming choice.
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