Author

Topic: [Scam Report] Moneypot trying hard to avoid to pay promised compensations (Read 1371 times)

legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
RBIES buyback forever Mr Dogedigital aka...........aka.........

https://www.coinopsy.com/dead-coins/rubies/
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
Monsterbyte announcement

We would like to announce that the MoneyPot interface and public facing portal will be winding down and taken offline. This means that the multi-crypto wallet services as well as the applications running on top of it, will no longer be available as of September 14, 2019.
https://medium.com/monsterbyte/winding-down-moneypot-operations-d6a4febafbbc


https://bitcointalksearch.org/topic/m.51857546

lets hear the Moneypot supporters! I call it Monster Scam
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
MP is a total bunch of scammers. I got plenty of withdrawal transactions that are still "In_progress". So they aren't paying anymore. SCAM!

Glad you found this scam report because the Moderator deleted my posting and answer to you in the Moneypot thread. please give all Moneypot owners a red trust. that is the least we can do. they stole 4 BTC from me
newbie
Activity: 1
Merit: 0
MP is a total bunch of scammers. I got plenty of withdrawal transactions that are still "In_progress". So they aren't paying anymore. SCAM!
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
they still owe me 4 BTC, when will be the BTC price right for them to pay me the 4 BTC? will BTC be 1 USD soon?
on the other hand they wouldn't even pay the $4
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed

I have been in touch with some of the investors with larger contributions due.  They understand that it makes sense for Moneypot to focus on development and long term plans so that contributions can be fully realized in the future and are happy with the direction we are taking.

In December 2016, you said you would "be distributing partial income towards crediting investors".  Have those distributions been made yet?  If yes, what % of what they are owed was sent to them?

If the answer is no, I don't think anyone needs to hear an excuse.  Just say "no, I haven't paid anyone yet" and take the criticism for not doing what you said you'd do.  Again.  I'm also interested, if the answer is no, if you reached out to EVERY investor you owe money to to tell them that you would not be keeping the promised timetable.  



Quote
I don't find it strange at all that the only people that are claiming scam are people that used to be or aren't involved with Moneypot at all.  

That's not strange.  In the gambling world, when people are owed money they typically keep their mouths shut because they are told that that's the only way they will see any funds.  I've seen it dozens of times.  The only way these things are found out is if outside people say "Something seems odd..." or if one person who is owed money gets fed up enough to make the situation public.  

Quote
The people that are actually involved are watching and observing things get done.  

What has gotten done in the last 18 months?

In the last 18 months, we have made several new developments that setup the long term plan.  Most importantly is our new bucket system that allows for shops, an exchange, and future announced platforms.  

We worked with the MPX ICO  which was poised to give us a big step towards realizing our roadmap quickly and allow us to deliver things on schedule.  Unfortunately it was cancelled and set us back both financially and development wise.  

Despite this, we pivoted and put our heads together to create ways to still make good on our offerings albeit at a longer rate.  We talked with the ones that had the most stake in our decisions and adjusted accordingly.  We need to make decisions that benefits the overall Moneypot environment, so you can see why these people's opinions might hold more weight than others who aren't even involved or even affected by Moneypot.

Moneypot is a great business and one that many have come to enjoy, but it's not for everyone.  It seems you don't wish to participate in Moneypot's business or activities and that's cool.  That's your choice.  With your opinion stated, we ask that you move on if you don't plan to have any interactions with us.  We encourage everyone who disagrees with our terms, privacy policy, and/or methods not to use it.  This decision should be a personal one for all and not influenced by those that hold grudges.

where is Dogedigital the SCAMMER?

where is  AcoinL.L.C the SCAMMER?

Moneypot Owners = SCAMMERS where are they?

check this link
https://bitcointalksearch.org/topic/m.29592216

where is Monsterbyte = MonsterScam?

Nice steal guys
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
this thread needs a daily bump
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
I'm honestly beyond belief that anyone still trusts MP, or anyone associated with MP post-sale is still considered at all trustworthy. The site seems like a total scam from the beginning, and I wouldn't be shocked at all if they were siphoning the bankroll under the guise of user 'wins'....

sadly there are still some idiots who trust Moneypot and Dogedigital aka moneypot

thx for your posting
hero member
Activity: 994
Merit: 502
I'm honestly beyond belief that anyone still trusts MP, or anyone associated with MP post-sale is still considered at all trustworthy. The site seems like a total scam from the beginning, and I wouldn't be shocked at all if they were siphoning the bankroll under the guise of user 'wins'....
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
The more I think about it, the more I realize how great the MP set up was...for MP.

You have a group of people who create, develop, and market the apps.  You have a second group of people who bankroll the site.  MP sits back and takes 20% of the house edge of every single wager before anyone else gets paid anything.  For essentially being the middleman for the two groups.  I don't even think they hosted the apps, the apps just linked to the cashier on the backend, right? 

https://dicesites.com/moneypot

935.9BTC in expected profit (house edge).  Somehow that site lists the total commission as 161.6BTC and not 187.18BTC (which would be 20%), but still if we assume this posted lower number, the owners of MP made

161.6BTC

Around a million dollars at current bitcoin prices. 

While the investors...the only reason why the site was able to generate any revenue...LOST 91.8BTC

Ignoring the fact that it's hilarious that MP made 160BTC+ while the people bankrolling lost over 90BTC...where did that money go?  We know for a fact that there's no money because they just admitted that they haven't started repayment of their debt tokens.  If the individual filing a lawsuit against them is to be believed, they didn't even have enough money to return what was left of his investment back to him.  That's money that never should have been touched. 

It's very interesting to think about.  I'm sure we'll never know, but I'm so curious to find out what actually happened.

again +100 for this posting

the best sentence in this posting is:

That's money that never should have been touched

It was a SCAM easy as that because they earned/stole enough and they never should touch the Investors coins!!!
legendary
Activity: 2030
Merit: 1189
The more I think about it, the more I realize how great the MP set up was...for MP.

You have a group of people who create, develop, and market the apps.  You have a second group of people who bankroll the site.  MP sits back and takes 20% of the house edge of every single wager before anyone else gets paid anything.  For essentially being the middleman for the two groups.  I don't even think they hosted the apps, the apps just linked to the cashier on the backend, right? 

https://dicesites.com/moneypot

935.9BTC in expected profit (house edge).  Somehow that site lists the total commission as 161.6BTC and not 187.18BTC (which would be 20%), but still if we assume this posted lower number, the owners of MP made

161.6BTC

Around a million dollars at current bitcoin prices. 

While the investors...the only reason why the site was able to generate any revenue...LOST 91.8BTC

Ignoring the fact that it's hilarious that MP made 160BTC+ while the people bankrolling lost over 90BTC...where did that money go?  We know for a fact that there's no money because they just admitted that they haven't started repayment of their debt tokens.  If the individual filing a lawsuit against them is to be believed, they didn't even have enough money to return what was left of his investment back to him.  That's money that never should have been touched. 

It's very interesting to think about.  I'm sure we'll never know, but I'm so curious to find out what actually happened.
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
 

I only ask that you move on because I don't believe you fall into either category and your arguments are more of a witch hunt rather than a debate on how a solution can be made.

Thank you for finally answering my question.

I'm not arguing and I'm not making a witch hunt.  To quote you, "I have no clue how you got that from what I said.  You are literally putting words in my mouth that are simply not true."

I'm also not debating or discussing on "how a solution can be made".  I feel like I've made my points very clear and concise.  You are bad at running a business.  You shouldn't be running a business.  You've lost people a lot of money while making yourself a lot of money.  You've made a lot of promises that you broke.  If you want me to speculate, I'd speculate that none of this has been malicious or intended.  But it still happened.  And there's no guarantee that it won't happen again, and the fact that the initial errors haven't been atoned for is, in my opinion, a bad sign.

A solution can be made by paying the people that you owe money to the money that you owe them.  That's it.  Your business doesn't have to be up and running, or be super successful.  In fact, I'd say that the fact that it's doing so poorly should maybe show you that it's time to move on.  You've clearly got skills, it's probably time to put them to use in the real world and start earning an income to pay back the people to whom you owe money.  That's literally the only way that "a solution can be made".  Pretending the MP could be a super successful business all you need to do is add a way to buy Amazon cards, or all you need is an exchange is, in my opinion, a losing mindset.  Especially since you're like 5 years behind the curve on both markets.  It's like trying to open a vape shop in 2018...it's just throwing good money after bad.

So that's my response to that.  Moving on, to make sure I have my facts correct, you claimed in December 2016 that you would "be distributing partial income towards crediting investors in the next year".  It is now 18 months after you made those claims, 6 months AFTER your self-imposed start date and no income has been distributed.  Did you reach out to every investor (not just the large ones) to let them know that you wouldn't be making the deadline to start paying them back?

Just so that we don't get into a situation where you "accidently" respond to everything except the question I asked, here it is again just so everything is clear:

Did you reach out to every investor (not just the large ones) to let them know that you wouldn't be making the deadline to start paying them back?

+100 for this posting

I was an Investor with ~15 BTC and lost 4 BTC but did not get it till now and Dogedigital aka Moneypot did not contact me with any good news but always asking to sit quiet if I want my compensation.

I will repeat it again and again Dogedigital aka Moneypot is a SCAMMER
legendary
Activity: 2030
Merit: 1189
 

I only ask that you move on because I don't believe you fall into either category and your arguments are more of a witch hunt rather than a debate on how a solution can be made.

Thank you for finally answering my question.

I'm not arguing and I'm not making a witch hunt.  To quote you, "I have no clue how you got that from what I said.  You are literally putting words in my mouth that are simply not true."

I'm also not debating or discussing on "how a solution can be made".  I feel like I've made my points very clear and concise.  You are bad at running a business.  You shouldn't be running a business.  You've lost people a lot of money while making yourself a lot of money.  You've made a lot of promises that you broke.  If you want me to speculate, I'd speculate that none of this has been malicious or intended.  But it still happened.  And there's no guarantee that it won't happen again, and the fact that the initial errors haven't been atoned for is, in my opinion, a bad sign.

A solution can be made by paying the people that you owe money to the money that you owe them.  That's it.  Your business doesn't have to be up and running, or be super successful.  In fact, I'd say that the fact that it's doing so poorly should maybe show you that it's time to move on.  You've clearly got skills, it's probably time to put them to use in the real world and start earning an income to pay back the people to whom you owe money.  That's literally the only way that "a solution can be made".  Pretending the MP could be a super successful business all you need to do is add a way to buy Amazon cards, or all you need is an exchange is, in my opinion, a losing mindset.  Especially since you're like 5 years behind the curve on both markets.  It's like trying to open a vape shop in 2018...it's just throwing good money after bad.

So that's my response to that.  Moving on, to make sure I have my facts correct, you claimed in December 2016 that you would "be distributing partial income towards crediting investors in the next year".  It is now 18 months after you made those claims, 6 months AFTER your self-imposed start date and no income has been distributed.  Did you reach out to every investor (not just the large ones) to let them know that you wouldn't be making the deadline to start paying them back?

Just so that we don't get into a situation where you "accidently" respond to everything except the question I asked, here it is again just so everything is clear:

Did you reach out to every investor (not just the large ones) to let them know that you wouldn't be making the deadline to start paying them back?
legendary
Activity: 2030
Merit: 1189
 With your opinion stated, we ask that you move on if you don't plan to have any interactions with us.  We encourage everyone who disagrees with our terms, privacy policy, and/or methods not to use it.  This decision should be a personal one for all and not influenced by those that hold grudges.

That doesn't make sense.  You are trying to use big words and it's not working.  If I "don't plan to have any interactions" with you, then I'd be "moving on".  Because those two things mean the same thing.  What I think you MEANT to say was "If you aren't going to give me money, don't say anything negative about what I'm doing".  Which, of course, is a ridiculous request and one that I won't honor.  I state things as I see them, based on my years and years in the gambling industry.  I'm fair and balanced with everyone and always give people a chance to explain/tell their side of the story.  But I will ALWAYS call out suspicious behavior, questionable tactics, and outright shady shit when I see it.  That's called being part of the gambling community.  We all have to watch out for each other. 

In that vein, I'll point out that you AGAIN neglected to answer my initial point.  I actually considered not typing out everything that I did in the previous post because a known shady tactic is to answer one random comment/question in detail to try to obfuscate the fact that you aren't answering the only thing relevant.  I thought you might be better than that.  Turns out not.

Here it is, one more time.  Please answer this before you reply to anything else I've said.  Thanks.

In December 2016, you said you would "be distributing partial income towards crediting investors".  Have those distributions been made yet?  If yes, what % of what they are owed was sent to them?

If the answer is no, I don't think anyone needs to hear an excuse.  Just say "no, I haven't paid anyone yet" and take the criticism for not doing what you said you'd do.  Again.  I'm also interested, if the answer is no, if you reached out to EVERY investor you owe money to to tell them that you would not be keeping the promised timetable.  
legendary
Activity: 2030
Merit: 1189

I have been in touch with some of the investors with larger contributions due.  They understand that it makes sense for Moneypot to focus on development and long term plans so that contributions can be fully realized in the future and are happy with the direction we are taking.

In December 2016, you said you would "be distributing partial income towards crediting investors".  Have those distributions been made yet?  If yes, what % of what they are owed was sent to them?

If the answer is no, I don't think anyone needs to hear an excuse.  Just say "no, I haven't paid anyone yet" and take the criticism for not doing what you said you'd do.  Again.  I'm also interested, if the answer is no, if you reached out to EVERY investor you owe money to to tell them that you would not be keeping the promised timetable. 



Quote
I don't find it strange at all that the only people that are claiming scam are people that used to be or aren't involved with Moneypot at all.  

That's not strange.  In the gambling world, when people are owed money they typically keep their mouths shut because they are told that that's the only way they will see any funds.  I've seen it dozens of times.  The only way these things are found out is if outside people say "Something seems odd..." or if one person who is owed money gets fed up enough to make the situation public. 

Quote
The people that are actually involved are watching and observing things get done.  

What has gotten done in the last 18 months?
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed


I have been in touch with some of the investors with larger contributions due.  They understand that it makes sense for Moneypot to focus on development and long term plans so that contributions can be fully realized in the future and are happy with the direction we are taking.

I don't find it strange at all that the only people that are claiming scam are people that used to be or aren't involved with Moneypot at all.  

The people that are actually involved are watching and observing things get done.  

yeah to be honest so far I only see JPR commenting and have no idea about the others who lost money
but is this like a confirmation that people will get money in case moneypot revenue is bigger in the coming months ? if that's the case then I find it totally fair

You are on the same line of thinking as a lot of others in regards to this.

We could rush contributions and give smaller payments with a much longer payout finish or focus on development, taking longer in the beginning but finishing payments in a shorter period overall.

I believe the latter option is best.

as always you are trying to win time and not paying the compensation!!

Dogedigital aka Moneypot is a SCAMMER
legendary
Activity: 2436
Merit: 1804
guess who's back


I have been in touch with some of the investors with larger contributions due.  They understand that it makes sense for Moneypot to focus on development and long term plans so that contributions can be fully realized in the future and are happy with the direction we are taking.

I don't find it strange at all that the only people that are claiming scam are people that used to be or aren't involved with Moneypot at all.  

The people that are actually involved are watching and observing things get done.  

yeah to be honest so far I only see JPR commenting and have no idea about the others who lost money
but is this like a confirmation that people will get money in case moneypot revenue is bigger in the coming months ? if that's the case then I find it totally fair
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed

He further explained:
"Over the next year. We will be distributing partial income towards crediting investors.  Cant give an estimate on completed time, but the faster income we make the faster we can give it back to our investors.  "

So that was said in December 2016, which was over 18 months ago.  Have the investors receive any money yet?  If yes, how much (what percent of what they are owed)?

I can only speak for myself and I did not get any Satoshi of the 4 BTC I should get. strange that no other Investor is coming out and telling us if they got a Satoshi or not. I could imagine that Dogedigital talked to them in private messages and hammered out a deal with them as long as they don't post officially.

thank you for the posting and the question

I have been in touch with some of the investors with larger contributions due.  They understand that it makes sense for Moneypot to focus on development and long term plans so that contributions can be fully realized in the future and are happy with the direction we are taking.

I don't find it strange at all that the only people that are claiming scam are people that used to be or aren't involved with Moneypot at all.  

The people that are actually involved are watching and observing things get done.  

and again you are trying to discredit me. let me tell you again

You are a SCAMMER and all your Bullshitting will not help you and I will keep this thread up from now on till you stop your Bullshitting and will pay the compensation.

you should pray that BTC will go to 1$ so it will be easy for you to pay the compensations.

btw how is poker going for you? did you use all the stolen BTC for your poker journeys?
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed

He further explained:
"Over the next year. We will be distributing partial income towards crediting investors.  Cant give an estimate on completed time, but the faster income we make the faster we can give it back to our investors.  "

So that was said in December 2016, which was over 18 months ago.  Have the investors receive any money yet?  If yes, how much (what percent of what they are owed)?

I can only speak for myself and I did not get any Satoshi of the 4 BTC I should get. strange that no other Investor is coming out and telling us if they got a Satoshi or not. I could imagine that Dogedigital talked to them in private messages and hammered out a deal with them as long as they don't post officially.

thank you for the posting and the question
legendary
Activity: 2030
Merit: 1189

He further explained:
"Over the next year. We will be distributing partial income towards crediting investors.  Cant give an estimate on completed time, but the faster income we make the faster we can give it back to our investors.  "

So that was said in December 2016, which was over 18 months ago.  Have the investors receive any money yet?  If yes, how much (what percent of what they are owed)?
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
this topic must be bumped

Dogedigital = Moneypot are going on with their Scam!!!

please check here

https://bitcointalksearch.org/topic/m.41373143
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
new info posted here

https://bitcointalksearch.org/topic/m.30590813


new interesting info from Monsterbyte posted in another thread

https://bitcointalksearch.org/topic/m.30576791

1. Monster Byte hasn't closed the deal with MP, we are waiting for the outcome of claim in Canada.

2. Provably.io (and all other sites that leverage MoneyPot) are owned and operated by individuals, not MoneyPot (or any parent company)


and

https://bitcointalksearch.org/topic/m.30580706

The deal we have been working on takes months to close, just like real-world M&A. Also in the real world, we have periods of due diligence to satisfy before closing on such opportunities. In this case, the press was released before the legal claim came in. If things don't work out for MP, we will retract our offer. We are hoping that's not the case as we believe we have the right talent to grow MoneyPot to be in a position of success and trust this year.

I missed you!

legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
This Scam accusation needs a Bump. Be warned and lets not forget
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
moneypot announced right now the following

https://bitcointalksearch.org/topic/m.29391843

Continued transition and changes to Moneypot:

This is a reminder to all Moneypot and Moneypot legacy users to review all changes made to the new Moneypot powered by MonsterByte site and to also make sure they transfer or withdraw their balance from withdraw.moneypot.com if they had an available balance.  All transfers initiated through this process have been filled, save for a few larger ones that pended review.  These will completed within the following week.  At the end of this month, Moneypot will post a full proof of reserves for all funds invested and transferred onto Moneypot: powered by MonsterByte.



Debt Token Announcement:

Before the period of Decemeber 2016, Moneypot legacy underwent some big winners of the house bankroll.  As a good will gesture, Moneypot legacy offered and agreed to compensate users out of pocket for users who contributed to the house bankroll who were negatively affected by this.

Back on December 17,2016 , DogeDigital announced:
"Current day and previous investors will be credited so that they were in profit of at least their investment plus a bonus that equates to approximately 6% roi a year based on time invested going backward from today.  This will be credited over the next year from future earnings both from the current moneypot platform and other moneypot revenue streams.  Snapshots are taken from today.  However, going forward from today, there will be no extra credit."

He further explained:
"Over the next year. We will be distributing partial income towards crediting investors.  Cant give an estimate on completed time, but the faster income we make the faster we can give it back to our investors.  "

Unfortunately, during that time, there were quite a few setbacks.  While Moneypot was unable to start payments within that time period, the plan is still to compensate users from December 17,2016 past with partial income.

These users are invited to soon log-in to their Moneypot account at withdraw.Moneypot.com and opt-in for the buyback program (not yet active).  After opting in, users will be able to state a personal Waves address to be sent the specialized Moneypot debt token to.   This will allow Moneypot legacy to make the proper calculations and send the appropriate amounts to user's Waves accounts after the first period of collections (30 days). 

After the first period is conducted, the tokens will be sent to all that opted in.  A new opt-in period will continue for another 30 days with re-issued tokens sent upon completion.  A final period of 30 days will follow.
Once the final period has elapsed, all remaining supply of tokens will be burned so that no more can be re-issued. 

Each debt token will represent 1 Bit in debt token value.  Moneypot legacy will make bi-weekly (fortnightly) buy orders of 1 Bit per Debt token with partial income and burn all tokens bought . All buy orders will be made through the Debt token order book market which will determine which sell orders are filled first.  This process will continue until there are no standing sell orders left at 1 Bit per debt token. 

We will try to keep the public updated on the matter as things progress and post burn reports for transparency.

For any questions or assistance on these matters or any others, please contact [email protected].


again empty promises to win time
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
The Moneypot team has always worked hard to complete their promises and will continue to.

There is plenty of proof of this.  

Furthermore, MonsterByte is definitely NOT a scam.  It's merger with Moneypot only stands to assist in the acceleration of completing some promises for the pre-Monsterbyte Moneypot team.

You are also not out 4 Bitcoin from the Moneypot team.  The pre-MonsterByte Moneypot team said they would compensate out of pocket through debt tokens and income for this which means you could stand to BENEFIT and GAIN 4 Bitcoin as a result of their actions.  

you are a Scammer!!! easy as that and you owe me 4 BTC!!! easy as that

and you owe me some BTC for my RBIES!!!
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
also this Scam accusation needs a Bump

as posted few days ago Monster Byte merged with Moneypot and I call it a

MONSTER SCAM because there was no compensation yet and only empty promises
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
another warning that Moneypot will break this Promise!!!


Moneypot officially now announced to break their promise and not to buy RBIES anymore for the promised Floor
https://bitcointalksearch.org/topic/m.22979374

WHY SHOULD SOMEONE TRUST MONEYPOT? after cancelling their Promise?

Moneypot owes me 4BTC + 6% Interest


legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
Lot of things have happened firstly most of the promises made are never really fulfilled the fact he replied 'We work with you' i totally doubt that sentence moneypot used to be the best place to make investment personally even when i was a part of their program i got really good profits since the owners have changed they have surely done lot of manipulations to their system and are also putting the whole burden on investors without sharing appropriate profits.
I have already decided to not use moneypot anymore but i don't think they are going to credit any amount to you , plus we all can see their expectations for their ico and what really was the output of it.

I agree that they promised a lot and never fulfilled. even now they denied me to buy back RBIES as promised long ago for the floor price of 1000 satoshi!

the owners are to blame as they dont know how to handle such a good business
hero member
Activity: 826
Merit: 1004
Lot of things have happened firstly most of the promises made are never really fulfilled the fact he replied 'We work with you' i totally doubt that sentence moneypot used to be the best place to make investment personally even when i was a part of their program i got really good profits since the owners have changed they have surely done lot of manipulations to their system and are also putting the whole burden on investors without sharing appropriate profits.
I have already decided to not use moneypot anymore but i don't think they are going to credit any amount to you , plus we all can see their expectations for their ico and what really was the output of it.
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
this accusation deserves a bump
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
enough is enough Mr Dogedigital

here is your last PM and from now on if you want to bombard me with your PMs you need to answer here and instead of PMing me you need to post it here or I will paste it here

I will also post all past PMs of our conversation here so everyone can get a picture who is the Liar? you or me?

Dogedigital PM:
Your last message said something about alts.

We said that we would credit you 4 BTC + interest yes, but that doesn't necessarily mean that it's immediately owed or that you can demand it.  We are trying to work WITH you not FOR you.  There's a difference.

We don't attack other users just because they speak against us.  We only speak out against those that seem hell bent on trying to hurt us.

I never get what you mean by dictatorship.  There is no dictatorship. 

I still don't know how you get away this stuff.  Just please stop.

my answer:
I pasted a sentence I said to the so called Investor you have send to PM me or it was your alt
he wanted to chat with me life and I told him
please also understand that you could be an alt of doge or any mp owner to try to trap me. this wont work cause what I tell in PM I tell in public.

and we are in public cause it is about time that everyone can see your lies and BS

you and Rango aka Blacksheep aka MattN aka AcoinL attacked me always and tried to threaten us to close our app!

once when I saw a posting of AcoinL here on BCT I asked if he is Rango cause he uses exactly same words he used in slack and he said yes it is Rango.  I could search for this posting if needed

you and Rango aka Blacksheep aka MattN aka AcoinL behaved always like dictators and wanted all users in slack to behave like you want. I could also search if needed for the rules you gave how MP app owners need to behave

I say if needed because I am sure you will shout out those are all lies Smiley

I am saying exactly what many users are saying and you are only attacking me. why that? why dont you attack RHavar when he told you how to use KC and not go more than 2x KC?

gamblingbad a very nice MP player posted " Dont invest in the ICO and MP" did anyone jump on him? NO

fact is since the Commitment you gave to current and previous Investors you owe me 4 BTC plus 6% interest and to the other Investors xxx BTC plus 6% interest (you know who they are)
this was on Dec 17th 2016 and you think I need to sit quiet for so long? even RHavar said that this is to much and you are promising to much and it is time to find a solution and he even proposed a solution called tokens (good or bad I dont know) but you didnt care because you are just delaying the payment and trying not to keep you promise. very obvious after 9 month delay!
I am not alone with my opinion but your answer is always a delay and attack on me

Rhavar also posted https://bitcointalksearch.org/topic/moneypotcom-crypto-casino-suite-and-web-wallet-1737934
If I was an investor, I'd be pretty concerned. Promising returns strictly increases your risk, and largely defeats the purpose of an investor system. I think you guys have already promised investors a couple hundred bitcoin (?) after the incident last year; so unless you have some sort of cash injection -- solvency would seem to be a major concern.

RHavar also posted https://bitcointalksearch.org/topic/m.20653362
And regarding the thread, it's been >6 months since MP promised to pay back investors. I think the absolute least they could do is publish some pretty firm numbers to the people involved of how much they're going to pay them and in what sort of time frame. I understand it might take a few weeks, but it's now been months. If I held such a debt and made such promises, I would consider it my top priority.

you need to get real and Transparent

legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
When was the last time MP proved their solvency? I thought even under new ownership they had cold addresses available?

we are waiting for MP owners to answer many questions but no answer yet
hero member
Activity: 994
Merit: 502
When was the last time MP proved their solvency? I thought even under new ownership they had cold addresses available?
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
I hope I may bump the thread as one can do with all other threads

I am still waiting for answers and no answers are telling that it looks like Moneypot is insolvent and needs the ICO to get new coins into their pockets and Bank Roll
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
edit
Moneypot officially now anounced to break their promise and not to buy RBIES anymore for the promised Floor
https://bitcointalksearch.org/topic/m.22979374

WHY SHOULD SOMEONE TRUST MONEYPOT? after cancelling their Promise?


this is a scam accusation against Moneypot owners! I will close this accusation as soon all questions are answered by MP owners and the Investors are paid according to Dogedigital's promise

Dogedigital promised on December 17, 2016, 04:25:52 AM
https://bitcointalksearch.org/topic/m.17208594

Commitment to current and previous Investors:

Current day and previous investors will be credited so that they were in profit of at least their investment plus a bonus that equates to approximately 6% roi a year based on time invested going backward from today.  This will be credited over the next year from future earnings both from the current moneypot platform and other moneypot revenue streams.  Snapshots are taken from today.  However, going forward from today, there will be no extra credit.

We have listened to all the feedback from investors (both current and former) as well as experts in the field.  Some have expressed concerns about the current setup.  We have listened to these concerns, re-evaluated our model and it has played a major role in our decisions.

We have also had reports of foul play that could be trolling or a small chance that these claims are true.  While there is no evidence or proof (after months of checking vigorously and consulting with several experts), we have not taken this lightly and have weighed it into our decision to credit investors...


til today nothing was paid and Dogedigital is just trying to calm down Investors to win time. wait till when? no answer! oh yes the answer as always "wait until they will have income from other businesses

very strange was that Dogedigital said that Moenypot did not cash in BCC. here a posting from RHavar actually the answer to Dogedigital's statement https://bitcointalksearch.org/topic/m.21698457

Hm? I don't mean to sounds like an ass, but I don't understand this. Didn't you guys have like have 500+ bitcoin or something? At current prices that's like $300k USD worth of BCC.  I don't understand how you could possibly justify not collecting so much free money, especially when you're still holding all that unpaid debt to investors. I might be a bit off base here, but the only logical reason I can think of is that it might exacerbate solvency issues

as I understood BCC was given automatically. I personally received BCC automatically on a few sites where I had BTC. please correct me if I am wrong

Finally some other investors chimed in and I am not anymore alone when asking Dogedigital to full fill his promise and compensate the Investors.

posting from @MartinL https://bitcointalksearch.org/topic/m.21737505
When you acquired MoneyPot nearly two years ago, investors were in profit. Now investors are at a loss while MoneyPot itself continues to profit at their expense. In no small part this is because at some point you decided to expose investors to a dangerous amount of risk despite being warned of the consequences multiple times. Understandably, there is some mistrust towards you.

Distributing the BCH that rightfully belongs to investors–you say as much yourself–would go a long way towards regaining some of the goodwill you've lost. Multi-currency support is already one of your main features and Bitcoin Cash's API is virtually identical to Bitcoin's, making it fairly trivial for you to make that money available.

So I don't understand why you would take this position and leave what is essentially free money for your investors on the table. The only rational explanation that comes to mind is that MoneyPot is insolvent and does not hold enough BTC and BCH to meet its liabilities towards investors.

As a former MoneyPot investor myself, I'd love for you to prove me wrong by demonstrating your solvency–like MoneyPot regularly used to before you stopped doing it.

At the very least you should publish a list of MoneyPot's addresses at the time of the fork so that we may verify that the majority of BCH has in fact not been claimed as you say. You would not need to provide your current addresses, so there should not be any serious privacy concerns, but providing this proof to a universally trusted third party like dooglus would also be acceptable.


next the thread was locked after Dogedigital answered but not an acceptable answer. Moneypot locked many threads and opened new ones. ex MP owner RHavar never locked a thread. strange behavior from new MP owners!

but luckily @MartinL did not give up and came over to the Dogedigitals ICO announcement thread with the following posting
https://bitcointalksearch.org/topic/m.21746786

Unfortunately the discussion moved away from the previous thread before you were able to reply to concerns regarding MoneyPot's solvency. I'll quote them here so you have a chance to respond:

Quote from: RHavar on September 10, 2017, 03:51:42 PM
Hm? I don't mean to sounds like an ass, but I don't understand this. Didn't you guys have like have 500+ bitcoin or something? At current prices that's like $300k USD worth of BCC.  I don't understand how you could possibly justify not collecting so much free money, especially when you're still holding all that unpaid debt to investors. I might be a bit off base here, but the only logical reason I can think of is that it might exacerbate solvency issues?

Quote from: MartinL on September 11, 2017, 08:59:49 PM
When you acquired MoneyPot nearly two years ago, investors were in profit. Now investors are at a loss while MoneyPot itself continues to profit at their expense. In no small part this is because at some point you decided to expose investors to a dangerous amount of risk despite being warned of the consequences multiple times. Understandably, there is some mistrust towards you.

Distributing the BCH that rightfully belongs to investors–you say as much yourself–would go a long way towards regaining some of the goodwill you've lost. Multi-currency support is already one of your main features and Bitcoin Cash's API is virtually identical to Bitcoin's, making it fairly trivial for you to make that money available.

So I don't understand why you would take this position and leave what is essentially free money for your investors on the table. The only rational explanation that comes to mind is that MoneyPot is insolvent and does not hold enough BTC and BCH to meet its liabilities towards investors.

As a former MoneyPot investor myself, I'd love for you to prove me wrong by demonstrating your solvency–like MoneyPot regularly used to before you stopped doing it.

At the very least you should publish a list of MoneyPot's addresses at the time of the fork so that we may verify that the majority of BCH has in fact not been claimed as you say. You would not need to provide your current addresses, so there should not be any serious privacy concerns, but providing this proof to a universally trusted third party like dooglus would also be acceptable.


Also, could you please clarify how the advertised net profit of 500 BTC was determined? According to the information here, that must include the 449 BTC in commission that app owners have received. I assume app owners would continue to receive their commission in the future, so it's not really reasonable to consider that part of MoneyPot's profit. The actual net profit of MoneyPot and its investors that is relevant to ICO investors is a little under 70 BTC instead.


the next Investor @AwayThrow jumped in (his text is bold)
https://bitcointalksearch.org/topic/m.21757981


Keeth, your behavior here is disgusting and I believe a crime under Canadian security laws. I have made a formal complaint to the Ontario Security Commission.

I am one of your previous investors, and besides losing considerable money to what was either theft or at best criminal negligence. Furthermore last year you promised me compensation, a promise you have done absolutely nothing towards. Not a single satoshi. Raising money from new investors to pay back old ones is almost the definition of a ponzi.


Quote
Had the investors under the last setup performed above equity, it would be otherwise confusing to lead them to believe that they'd earn the same rate.  Likewise when it is under equity.  
If you lost money then your financial statements must reflect the fact. As you know, what you "should have" made is known as "expected value". What you actually made is known as revenue.

And revenue is very different from "net-profit". I would hope you already know what net-profit is, but let me help make sure we are on the same page: net-profit is how much money you've made after all expenses are consider.

I am sure you and your team have not been working the last 2 years for free with no expenses. So I'll ask you plainly, please answer: Over the last 2 years, what is Money Pot's actual net profit?



Quote from: Dogedigital on September 12, 2017, 07:52:41 AM
We had closed the thread to focus on this next phase, the ICO.  We made our policies and statements known, as we did here in all the information provided.
but as you did in well in your last post you avoided the central question about solvency. I will repeat MartinL's statement as it reflects my own position rather well:

As a former MoneyPot investor myself, I'd love for you to prove me wrong by demonstrating your solvency–like MoneyPot regularly used to before you stopped doing it.


as always Dogedigital did not give a satisfying answer and @AwayThrow answered
https://bitcointalksearch.org/topic/m.21762591

Quote from: Dogedigital on September 12, 2017, 01:32:43 PM
All Moneypot and MPX funds are separate.  MPX does not equal Moneypot.  It will receive donations from the revenue generated.  It has nothing to do with net profit.  It is not a ponzi.  We have stated over and over that the plan from MP side was to payback from other sources of operations to credit those in the past.  It will start to happen.

I hope potential future investors see the level of transparency you are providing to your current investors who you have outstanding obligations to. Your advertised "500 bitcoin net profit" is in reality a hypothetical revenue potential and refuse to even give the simple question: what is Money Pots actual net profit?.

In your update you reset the investor profit conveniently hiding the huge amount of money investors lost. And of course you have no problems advertising how much wagers and users you have.

But worst of all you refuse repeated calls to demonstrate solvency like in the exact same manner you previously did. People would even be happy with you proving your assets to a neutral 3rd party like Dooglus who could also substantiate your claim you never claimed the BCC which it justification for withholding it from investors.

But I particularly love your will receive donations from revenue generated legal hack. I'm assuming you came up with it yourself. I showed my wife who works in a legal firm and she spat out her coffee laughing. She pointed out that not only is it's transparently obvious what it it really is, it demonstrates willful non-compliance.

Perhaps you should allocate some of that money for upcoming legal expenses.

This will be my last post on the matter. I have already written off my loses investmenting into Money Pot and fulfilled my duty in warning future investors and the securities commission.



Dogedigital is always trying per PMs to convince users to delete their negative postings or to sit quiet. maybe he again succeeded with those 2 Investors who finally shouted out. Dogedigital tried it also with me but he did not succeed as you can see

Many open questions! I am asking Moneypot owners to answers all questions and start compensating the Investors!



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