Topic: 🌟🔴🌟🎲🌟🔴🌟MONEYPOT.com -- Crypto Casino Suite and Web Wallet 🌟🔴🌟🎲🌟🔴🌟 - page 8. (Read 30188 times)

Direct Link: https://www.nxter.org/nxt-news-june-2017-ii-vision-without-execution-is-just-hallucination/#bustabit


- The BetterBets.io Team

The divestment fee would indeed be strictly for profit. But AFAIK it hasn't been introduced yet so currently you don't pay any divestment fee.

I've been catching up on this thread.

I was not made aware there was a 10% divestment fee for investors. Does this mean that whenever I choose to divest I will lose 10% of my total bitcoins?

Oh, after rereading this, it looks like this 10% divestment fee is strictly for profit.

Please clarify. Thanks.

Was this resolved?

Oh no! Hope they stop <33

Is there any maintenance or anything going on today? Seems like there's been a lot of invalid hashes, invalid wagers and slow bets?

There is scheduled maintenance on our SocketPot application servers tonight between 10-11pm EST. Expect intervals of downtime.

The App developers are not responsible for Moneypot policies.

Please refrain from personal attacks and keep this thread on topic.  Thank you.

Good design, good game. But I just lost 10$ in MONEYPOT 

'BV does not do this.

Do not incorporate in a nanny state then... wtf'

-------------

There has only been one case and it was a special case.  This is a modified topic and we could have easily deleted it, but did not.

I'm not sure what BV does.  I am not able to find any real information on them. Not saying they ever would, but my guess is that they could take the website offline tomorrow and there is nothing that could ever be done.

There is a balance needed and we don't plan to disrupt it.  You can have anonymous and easily disappearing operators with no known info along with anonymous bettors or you can have what we have.  

Poloniex is by far the most used crypto site and it is subject to much much stricter requirements.  I have no doubts that it would not be that successful or even operational if it was run with an anything goes approach.

Most of this is basically a moot point though.  This is pretty much the only case out of more than 40,000 different users on Moneypot.  


edit; added top part for context.

yes you can speak for yourself but you always delete it afterwords and very quick you delete it and I am sure Dogedigital send a PM asking for a quick delete. how about a cool down period before you post it?

I posted a link and some excerpts and it was deleted because Dogedigital doesnt like legit critics. even as he said they corrected it with your help why wasnt it published somewhere? fact is that investors lost to much and MP owners still earned and this is telling a story if you guys like it or not

you are welcome to delete it cause I dont delete my postings

enjoy the next Poll guys

sorry but it doesnt make sense to delete a legit posting and then answer it your way and it only shows again that RHavar was absolulely right that yo cant handle any legit critics

it just gives me a new subject for another Poll

enjoy

i remember reading somewhere in january that moneypot was going to refund some investor losses, is that still happening? its been almost 6 months.

@JPR

I think you have a few points wrong and things that may or may not have applied in the past does not equate to it automatically having substance today.  

Please refrain from using past quotes as a sole point of debate.  It is time consuming and detracts away from the real issues at hand.

We have reached out to Ryan in the past and re-adjusted the way that the investments have been handled.  This was done a while ago along with some methods to help increase the investor's expected win rate and volatility.

We've been constantly monitoring how things have worked and as stated before, we are ready to adjust as necessary.  We are on top of things to make sure that spots where certain conditions and scenarios could lead to long term negative repercussions are quickly managed and deterred from being realized.

Also if you have read before, you would realize that we don't pick 'any' winner and that this was a specific case.  The reasoning is presented in my previous posts.

While some of your posts have started to get a bit better, it is still clear that you are trying to 'paint a picture' using fallacies while resorting to insults and condescending jabs.  You are not in a position to make demands and the questions you always claim are un-answered have been addressed several times in the past.

edit; Have removed your last post as it stands to only confuse people of the current today situation.  I have still answered your concerns above.

@JPR:
We have 2 people with server access.  It is not too many.  You need more than one in the event of a hit-by-bus scenario and for other reasons.

Bitcoin anonymity can only go so far.  You can not be a complying registered company in a respected country and allow absolutely anything to happen.  It just doesn't work that way.

We allow for great ease and freedom, but it goes to a certain extent and besides, the past scenario is an extremely rare occurrence (coupled with the fact that the timing was during a long weekend which delayed matters).

The main thing that needs to be followed above anything else is that certain precautions are taken so that users of our site (on both sides of players and takers in our case) are guarded.  This is why we take extra steps to try and ensure that responsible gaming is carried out and anything that sticks out is looked into.


{edit made to address the person being replied to}

thx for explaining. I understand that the difference of MP security to JD is that it is more difficult for an outsider but easier for an insider. not saying it was an insider job but all options need to be investigated and to be taken into account.

@Quickseller just for info the answer/wording from RHavar was

So based on the later messages, it seems like he won ~20 BTC net profit from a ~5 bitcoin in deposits? This doesn't sound strange at all, you could ballpark is as a ~1 in 5 chance. No?

I just very recently have a user who's won ~160 BTC on the back of a 0.5 BTC (or something like that, based on what he was saying in the chat). Obviously this isn't typical (say a ~1 in 400 chance?) but I mean it's a casino where you have thousands of players, it would be strange if stuff like that didn't happen.

You had posted something along the lines that there was a 1-in-4 chance that a player would turn 1 BTC into 4 BTC (I think it was actually closer to turning 4 BTC into 16 BTC).

Could you possibly explain the math behind this statement if you assume a player is not going to "YOLO" and bet in a way so that they need a single winning bet to accomplish the above (the actual assumption would be to have a minimum of 10 winning bets, which I would speculate is on the low side regarding when most gamblers will stop....I would speculate that most gamblers would stop somewhere closer to after 100 winning bets -- the betting sequence would not need to involve equal bets, but a single win of 3.999..99 BTC and 9 wins of 0.00..0001 BTC is not a realistic sequence that a gambler would engage in).

I am not sure if this part can be expressed mathematically, however I am also curious to know the chances of a gambler BOTH having a sequence, server/client seed combination, bankroll/starting bet combination that will allow him to 4x his money AND to stop gambling before busting. For example, a gambler who wants to 10x his initial bankroll who has a server/client seed combination (ect.) that would allow him to 6x his initial bankroll will end up busting, however a gambler who is in the same situation except whose goal is to 4x his initial bankroll will end up multiplying his initial bankroll by 4x even though he could have potentially multiplied his bankroll by 6x.

ok fair enough

but good that I have a copy because the answers were spot on and I didnt see a reason to delete those answers because it was as always very helpful answers if MP would listen to you. you tried a few times in the past to point them to some mistakes they did but they didnt listen to you even it was your baby

deleting again gives some thoughts cause as I said before that I cant find the famous "DD is behaving like a clown" posting of yours and I wonder why you would delete such helpful postings. yes the clown posting helped becuase DD immediately apologized so there was no reason to delete it

please let me ask


you wrote (very good answer and helpful if MP owners would listen to you)
"I think the smart move would be to assume he's legitimate, and carefully monitor for anything strange. Especially due to the way your server-seeds are generated (on demand, with a cryptographic RNG) it would make it particularly hard for someone to exploit without continual access, which should be monitorable.'

................it would make it particularly hard for someone to exploit without continual access, which should be monitorable
do you mean the access to the server seeds?

and

"That said, I'd give MoneyPot a bit of slack. Just looking at http://eeeth.com/mpstats/  there clearly seems to be something wrong, I wouldn't blame them for being on a heightened state of alert (which is a good thing, as they need to safe guard investors money)."

........................Just looking at http://eeeth.com/mpstats/  there clearly seems to be something wrong

yes I agree and also MP owners should recognize this. the fault in any case is on MP side because to many have server seed access IMO

sorry but I dont agree with you because IMO it is  BTC gambling and it should be for all players anonymous fun to play

it is correct that their FAQs telling us
"that says that users can stay anonymous provided they win under 10 BTC within a short period of time, or when their account is under investigation for breaking MP's TOS."

we all know that MP as owner can also write in FAQs that the player need to send in a pic standing on one foot like a flamingo before they payout the winner. MP can ask for whatever they like cause it is their own business.

but if I remember right there was also 25 BTC instead of 10 BTC. and IMO MP to be fair should write next to every FAQ change with that kind of importance the date and time when it was changed because they could change it every day or hour according to new winners. players will not check everyday the FAQs before they start playing

or lets take this from the FAQs
Who owns Moneypot?
Moneypot is owned by 3 Entrepreneurs who are passionate about bitcoin, cryptocurrencies, and this company. We are incorporated in Canada as Moneypot Inc.

why wasnt this not updated or is it new info? not that long ago it was said there are 4 owners.

with this kind of FAQs I am wondering why whales or any big players should still gamble there

regarding BTC casino RHavar's answer is spot on

edit
oops RHavar's spot on answer disappeared hmm was it deleted by OP or RHavar?