Topic: 🌟🎲🌟 MoneyPot.com - page 99. (Read 119056 times)

I agree that it would save resources using the method you described and right now, anyone can convert alt-coins into bitcoin using shapeshift or another similar service.  

With the new wallets coming into play however, the currency chosen will remain in the same currency, won't create any sell pressure (as we aren't exchanging or selling them), and allows for positive growth in that coin (investment) as well as buy pressure from people who wish to play in that currency.

In the end if this will be the goal of moneypot team then would it be more convenient to use a service that will allow the altcoins to be converted into bitcoin instantly the moment someone depositted on the site? that will save more resources rather than building all those system for altcoins

Yes, tho the priority for now, it have it working on the sites as well as the apps. But eventually, any/all coins added or will be added will have the investment feature and will work just like Bitcoins.

Just one small question, will there be investment feature for rubies as well?It will be great if we can invest our rubies in the pool and besides that, it will be great to prevent dump. This way it could help to raise the price, the hype will be coming soon if there is an investment feature for rubies

In other news, the investor profit is now over 200 btc and bankroll size is very close to the 800 btc mark.

This has been expressed before.

We do NOT want users to open up multiple tabs to bet.

If players want to play on different Moneypot sites at the same time, it is fine.

If players want to open up tabs to play on the same site with faster betting speed, it is NOT.

I don't think the price will be 20k any time soon, but I will agree that the price will rise... ONLY if there is some huge marketing done behind this integration. Then the apps themselves will have to start integrating RBIES betting on their apps. Then there should be some kind of promotions running to get new users on the MP apps to try out RBIES betting, and finally, there needs to be some sort of exclusive event that is  only available for RBIES users. Whether that's done in the forums here, or on MoneyPot.com, it needs to be done in order to raise the demand and value of RBIES.

I will say that I loved picking up RBIES at sub-2k sats in the past day though

looks like this is the good time to buy more RBIES before someone/group pump the price up. gonna buy around 20k later and hopefully this event will bring back the price of rbies to its highest or even more

Great find! As of yet, RBIES is still being integrated, so deposits, withdrawals, and generation of addresses in general are not enabled at this time. That said, it's in the works and you will see changes occur while it's being brought to fruition!

No.  The only way people will run into trouble is if they open up several tabs at once or multiple instances of a bot and/or script for the sole purpose of betting faster at an abnormal rate (at the expense of other players).

I see that we can now create deposit addresses for Rubies and have a balance on our MP account. Well done. Looks like the next step is to allow users to bet with Rubies on all the MP apps.

I just like to comment on this, as the responsible person for all of mp's technical development.

Bitcoin-qt's json-rpc does not allow you to set a custom fix tx fee per transaction(unless you build the raw tx yourself) The only way this can be achieved is by using settxfee option before sending each transaction. And this option sets a fee per/kb. Normal transactions are below 1 kb. For the instance that the transaction is above 1 kb, the additional fee are currently handled by mp, and you will still only be charged either 100bits or 200bits depending on your choice.

For example, the transaction size is 2kb. You chose 200bits. The tx will be sent with a fee of 400bits, but you will only be charged 200bits, the rest are handled by mp. And this is how it always have been.
One example is this https://blockchain.info/tx/66bd07f598f7bfeb4d8a37ac6349d8a7d53041ee7bc52ed146fee53d23aac9b6, User chose 100bits as fee, and the tx is higher than 1kb. The user gets charged for 100bits and the rest is handled by mp.

This is also the reason why for now, we cannot allow users to set their own fee. We also don't want users to accidentally typing 1 btc fee.

There have been talks on changing how this works, but for now, if you want your tx to confirm faster, choose 200bits.

PS. if my assumption regarding setting fee on bitcoin-qt is wrong, and you know how to do it, please do correct me and let us know how. It would be a great help.

-uni

All users that we were concerned about had a registered email address and have been contacted. 

If you were not contacted, we don't consider your account to have conducted any wrong doing and everything is fine.

Is there a reason why sometimes it takes a minute to connect to moneypot?

This would be the most ideal solution even for the long term, I dont see how hard it is to implement it till 1000 bits since MP has made it to 200 bits. Besides that the miners fee is paid from our own pocket so there is no harm for MP to implement this. We wouldnt know how the traffic of transactions gonna be someday if it is still at 1mb/block max

We've been experiencing a noticeable drop in speed lately due to some users using scripts to make an abnormal amount of bets per second.

We're currently working on the issue and should have Moneypot running normally very soon.

Additionally, a message has been stated on Moneypot concerning this and reads as follows:

"Any and All users continuing to use scripts solely based to spam an abnormal amount of bets against the system will face a permanent ban leading up to the possible forfeiture of their funds. All users believed to have conducted in these actions have been notified by email."

One option that could help is just having a base fee of 200 bits with the option for players to go up (if they choose) to 1000 bits if they want faster confirms.

It's a flat-rate fee, so it's either 100 or 200 bits regardless of tx size (as you have no control over that part). At most, MP breaks even. Otherwise MP just pays more for tx than you're being charged, .

I am not sure if this is the ideal case. My experience on another site is that the site will charge me 200 bit always, and the tx fee will always be 200 bits per KB. If my transaction size is small, the site will charge more fee than the actual fee used, and vice versa.

I have not made a transaction this week yet, so I have no info of confirmation time at different fee rate. But from the data on https://bitcoinfees.github.io/, 100 bits (=10k satoshi) per KB doesn't seem enough for a fast (within 1 or 2 blocks for example) confirmation, as the red line (for 6 blocks) has been above the 10k satoshi mark most of the time last week.

I think it should be fairly obvious that it is total withdrawal, just as it has always been. The user has no control over the makeup of the size of the transaction. Plus even 100 bits per kB would be much higher then the current rate needed for a fast confirmation