Topic: ⎛🌟🔴🌟🎲🌟🔴🌟MONEYPOT.com -- Crypto Casino Suite and Web Wallet 🌟🔴🌟🎲🌟🔴🌟 - page 8. (Read 30129 times)

Now that is some exciting news - nice work guys

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.

No one asked me to delete my post. I don't think I said anything wrong or controversial, but after posting it I realized there's probably a lot more to the story than I'm aware of, so the sensible and responsible thing is to wait until it comes to light (or at least more time elapsed) before commenting. And for what it's worth, my post never said or alluded to anything such as: "RHavar was absolulely right that yo cant handle any legit critics".

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

I really wish you'd stop putting words in my mouth, I'm perfectly capable of speaking for myself.

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}

Well it's just statistics. If you have the persons "play strategy", the probability calculations are very easy. The problem is you can't reliable figure out someones "play strategy" just based on their bets.  For example, you you have things like causation (e.g. maybe he wanted to double his money, but since things were going well so fast he decided to go more aggressive). Or maybe he withdrew as he just won an amazing streak, and was worried his luck would run out. Or maybe the play strategy was to stop after a certain time rather than outcome, etc.

There's also a lot of hidden variables, like a users "true bankroll". It's pretty common (especially in loss-chasing players) to only deposit a small amount of money, and then only if they lose they deposit more, and more, to chase that loss. But the casino can only see what they did deposit, not how much they were prepared to do so.


So I like to simplify it, and approximate the probability of someone getting X times their money is a little under 1 in X.  It obviously will vary a little depending on their play strategy. e.g. if they do a single bet, they'll pay an expected the house edge. Various betting sequences (like a reverse-martingale) can even lower the expected player loss. Normal betting (Turning the money over and over) will increase the expected loss.