MoneyPot.com :: The bitcoin gambling wallet - page 14.

ranlo

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Quote from: JackpotRacer on October 27, 2015, 05:33:50 AM

Quote from: RHavar on October 26, 2015, 09:28:45 PM

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

so it was an internal deal and not an auction that we maybe missed?

I'm wondering about this as well. Sometimes people will contact me privately about investments but I still seem to miss out on a lot, Sad

.

hopenotlate

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Quote from: NLNico on October 27, 2015, 05:20:19 AM

Well new owner already made a thread for it: https://bitcointalksearch.org/topic/dustdicecom-visually-amazing-the-visual-dice-experience-1221672

Thanks for that Nico, missed it.

JackpotRacer

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All Games incl Racer and Lottery game are Closed

Quote from: RHavar on October 26, 2015, 09:28:45 PM

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

so it was an internal deal and not an auction that we maybe missed?

NLNico

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DiceSites.com owner

Well new owner already made a thread for it: https://bitcointalksearch.org/topic/dustdicecom-visually-amazing-the-visual-dice-experience-1221672

hopenotlate

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Quote from: RHavar on October 26, 2015, 09:28:45 PM

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

Do you know if the new owner is going to promote/advertise DustDice here on bitcointalk and make it public as you did?

Just to make an idea of the future steps they are going to take.

RHavar

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Activity: 2557

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Quote from: ranlo on October 26, 2015, 10:52:43 PM

Was it sold or just given?

It was sold for a small (but undisclosed) price

Quote from: hua_hui on October 26, 2015, 11:22:26 PM

oh no, what happen??? it was one of the advertised app on moneypot!

It still is. I think this is a net positive for everyone, as I haven't had any real time to be able to further develop it at all, and I think the whole app has a lot of potential, so it's best off in the hands of someone who's committed to it, instead of stagnating with me =)

hua_hui

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Activity: 1386

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Quote from: RHavar on October 26, 2015, 09:28:45 PM

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

oh no, what happen??? it was one of the advertised app on moneypot!

ranlo

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Activity: 1974

Merit: 1007

Quote from: RHavar on October 26, 2015, 09:28:45 PM

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

Was it sold or just given?

RHavar

legendary

Activity: 2557

Merit: 1886

I've transferred ownership of the app DustDice to a third party, who can hopefully promote and improve the game to it's full potential. So from now on, DustDice will not be an officially supported MoneyPot app =)

hua_hui

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Quote from: crairezx20 on October 25, 2015, 04:06:40 PM

I just curious what is the use of invest and dinvest of moneypot .com
Invest you can have interest 1% every day just like that?

it is like an invesment. in this case, it is like you put your money into a pool for people to gamble. when they win, they will take the money from this pool and everyone will loss a portion of their investment depending on big % is their contribution to the whole pool. similarly, when the player lose, you get to keep a portion of the bet base on the %.

RHavar

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Quote from: crairezx20 on October 25, 2015, 04:06:40 PM

I just curious what is the use of invest and dinvest of moneypot .com
Invest you can have interest 1% every day just like that?

Not really, it just allows you to be the "house". So when players win, they win from you (thus you lose money). When players loser, you win. There's a horribly written FAQ that covers it.

crairezx20

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Activity: 1638

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I just curious what is the use of invest and dinvest of moneypot .com
Invest you can have interest 1% every day just like that?

win win win

sr. member

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Things are looking great! I have increased my investment

ranlo

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Activity: 1974

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Quote from: RHavar on October 24, 2015, 11:34:06 AM

Quote from: ranlo on October 24, 2015, 12:40:43 AM

Do you have it set up to where fees and such go to a separate account than your personal investment one? Kind of trying to grasp why there's such a big difference in what the site has/owes,

.

I guess the thing to note is that the "proof-of-assets" money is merely money to prove I'm solvent, not the exact sites assets. e.g. If you deposit 1 BTC, the sites assets (and liabilities) do go up by 1 BTC, but the money you see on proof of assets is going to be unchanged. Only when the public assets are less than the liabilities, will I dump more money into that address (or might source from it, if there's a run on the site)

I don't provide exact proof of assets, as that would defeat a lot of the builtin privacy features of MoneyPot and it's not particularly important to show which bitcoins I own, but it's extremely important to show that I do own enough bitcoins (to prevent nonsense like operating while insolvent, or even running a ponzi)

Ahhh, got you. Thanks for clarification! That makes sense, and explains a lot,

.

cazkooo

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Activity: 1540

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Quote from: hua_hui on October 24, 2015, 11:43:23 AM

woa now den i noe he has so much btc!!!! woa, how i wish i can have that amount too!!!!

Not only 223 but he has more. The first name in the proof of liabilities is his as well so add that plus the bankroll for bustabit now is 656 btc. So you can say he has maybe more than 1k btc in total right now. This is only estimation of the lowest number and you dont even know how much he has on his bank account . Grin

hua_hui

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Quote from: ranlo on October 23, 2015, 10:19:00 PM

Quote from: RHavar on October 23, 2015, 09:11:48 PM

Quote from: Pony789 on October 23, 2015, 08:28:35 PM

The "proof of liabilities" list hasn't been updated for more than a week it seems. It is not a big issue so you could leave it behind and fix it when you are back. Have a nice trip.

Thanks, and thanks for reminding me. I've updated it now, showing 777 BTC of liabilities on 1000 btc of assets =)

Does this essentially mean that 223 BTC of it is yours, and the site essentially has 25% more money than is needed to pay off all debtors?

woa now den i noe he has so much btc!!!! woa, how i wish i can have that amount too!!!!

RHavar

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Activity: 2557

Merit: 1886

Quote from: ranlo on October 24, 2015, 12:40:43 AM

Do you have it set up to where fees and such go to a separate account than your personal investment one? Kind of trying to grasp why there's such a big difference in what the site has/owes,

.

I guess the thing to note is that the "proof-of-assets" money is merely money to prove I'm solvent, not the exact sites assets. e.g. If you deposit 1 BTC, the sites assets (and liabilities) do go up by 1 BTC, but the money you see on proof of assets is going to be unchanged. Only when the public assets are less than the liabilities, will I dump more money into that address (or might source from it, if there's a run on the site)

I don't provide exact proof of assets, as that would defeat a lot of the builtin privacy features of MoneyPot and it's not particularly important to show which bitcoins I own, but it's extremely important to show that I do own enough bitcoins (to prevent nonsense like operating while insolvent, or even running a ponzi)

ranlo

legendary

Activity: 1974

Merit: 1007

Quote from: RHavar on October 23, 2015, 11:26:40 PM

Quote from: Pony789 on October 23, 2015, 10:27:18 PM

Don't forget that the first account shown in https://www.moneypot.com/proof-of-liabilities.txt belongs to Ryan (he mentioned that somewhere in this thread in the past), so the actual liabilities (that is the total account balance of all MP users) of moneypot would be more like 777 - 170 = 607 btc.

Yes, that is correct, I'm the first in that list =)

Sometimes it's a bit tricky, but I do try keep a clear distinction between the site as an entity and me personally. So I'd definitely say the sites liability is actually 777 btc =) For all intents and purposes, I'm just a normal investor/creditor (although the only one who enjoys no counterparty risk)

Quote from: ranlo on October 23, 2015, 10:19:00 PM

Does this essentially mean that 223 BTC of it is yours, and the site essentially has 25% more money than is needed to pay off all debtors?

Well, from the sites perspective, I'm just a normal creditor and would be treated as such. It's also important that my investment is covered by the proof of solvency, or there would be nothing would prevent me hiding I was insolvent (or faking a bankroll, or running a ponzi)

Do you have it set up to where fees and such go to a separate account than your personal investment one? Kind of trying to grasp why there's such a big difference in what the site has/owes,

.

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: Pony789 on October 23, 2015, 10:27:18 PM

Don't forget that the first account shown in https://www.moneypot.com/proof-of-liabilities.txt belongs to Ryan (he mentioned that somewhere in this thread in the past), so the actual liabilities (that is the total account balance of all MP users) of moneypot would be more like 777 - 170 = 607 btc.

Yes, that is correct, I'm the first in that list =)

Sometimes it's a bit tricky, but I do try keep a clear distinction between the site as an entity and me personally. So I'd definitely say the sites liability is actually 777 btc =) For all intents and purposes, I'm just a normal investor/creditor (although the only one who enjoys no counterparty risk)

Quote from: ranlo on October 23, 2015, 10:19:00 PM

Does this essentially mean that 223 BTC of it is yours, and the site essentially has 25% more money than is needed to pay off all debtors?

Well, from the sites perspective, I'm just a normal creditor and would be treated as such. It's also important that my investment is covered by the proof of solvency, or there would be nothing would prevent me hiding I was insolvent (or faking a bankroll, or running a ponzi)

ranlo

legendary

Activity: 1974

Merit: 1007

Quote from: Pony789 on October 23, 2015, 10:27:18 PM

Quote from: ranlo on October 23, 2015, 10:19:00 PM

Quote from: RHavar on October 23, 2015, 09:11:48 PM

Quote from: Pony789 on October 23, 2015, 08:28:35 PM

The "proof of liabilities" list hasn't been updated for more than a week it seems. It is not a big issue so you could leave it behind and fix it when you are back. Have a nice trip.

Thanks, and thanks for reminding me. I've updated it now, showing 777 BTC of liabilities on 1000 btc of assets =)

Does this essentially mean that 223 BTC of it is yours, and the site essentially has 25% more money than is needed to pay off all debtors?

Don't forget that the first account shown in https://www.moneypot.com/proof-of-liabilities.txt belongs to Ryan (he mentioned that somewhere in this thread in the past), so the actual liabilities (that is the total account balance of all MP users) of moneypot would be more like 777 - 170 = 607 btc.

Yeah, I consider his personal investment as part of his liabilities, though (I guess it depends on how you look at it, but I view his company as being separate from his personal investments).

Topic: MoneyPot.com :: The bitcoin gambling wallet - page 14. (Read 77052 times)