Post
Topic
Board Gambling
Re: The new MoneyPot.com -- A bitcoin gambling wallet
by
RHavar
on 12/04/2015, 05:06:03 UTC
I think from understanding Googlus's comment, this is a web wallet that allows you to have a gambling balance to split between a play balance and investment balance. You can invest in the moneypot bankroll for the apps that you choose, and easily put a play balance in a gambling app to play without having to wait. This also protects you from unscrupulous website owners that run with your bankroll because the app owners have no access to your investment or play balance.

That's right! Even malicious apps have no access to your invested money, or balance. They can only spend what you give them.


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This is an enticing idea as it adds more security to investments and play balances from loss. Also the audits that ryan spoke of in the FAQ's would be nice for every app. My only concern is can all apps be verified as fair.

We guarantee every bet is fair (as in, the outcome is not tampered with), but have no way of knowing if it's the bet you wanted to make. You can protect yourself by limiting the amount of money you put in each app, and making sure there's no strange bets

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Can this website not run away with our investment? I loved moneypot and thought eric, then ryan ran/run it with straightforward candor, I hope that it can build a level of trust that can rival just-dice and primedice.

There's no technical measures that stop me from running away with your investments/balances, but I can (and do) prove that I'm solvent, and I'm happy escrowing and verifying personal details so that no one thinks it's a simple exit-scam. But if I was trying to scam you, these are the exact things I'd be saying (including this very disclaimer) so I highly recommend you keep the bulk of your money yourself, in something like a hardware wallet. We'll both sleep better that way. =)