Quote from: dooglus on December 07, 2015, 07:14:21 PM

Quote from: BetKing.io on December 07, 2015, 02:22:51 PM

Quote from: dooglus on December 06, 2015, 11:48:20 PM

It sounds as if you are making changes to Bet King that could potentially risk the funds of the investors - ie. you're switching to the MoneyPot model. That includes exposing your investors' coins to games with less than 1% house edge, which they didn't sign up for. It would be better in my opinion to require the investors to withdraw from the existing site and deposit to the new one. That way you are sure that they consent to the changes you are making.

Actually with they would have to withdraw and redeposit using the Money Pot account system.

OK. When you said:

Quote from: BetKing.io on December 05, 2015, 02:03:07 PM

3000 Bitcoin of the funds are from my current investors

it sounded like you were moving your current investors coins over to moneypot without asking them. I don't see how else you can justify making that claim.

Quote from: BetKing.io on December 07, 2015, 02:22:51 PM

I think it's unfair to say it's not as trustworthy as PD (considering we look after more player funds at any time than PD) or JD.

If you're measuring trustworthiness by number of Bitcoins held, biggest bets, volume, profit, or any other similar measure (and that does appear to be what you're doing) then I don't think betking's stats come anywhere near to Just-Dice's.

Quote from: JackpotRacer on December 07, 2015, 09:46:08 AM

are you saying that there is no 100% bullet proof solution to secure the investors coins? IMO this would surprise many investors because many investors believe that their only risk is the person they trust their coins/investment will run away with the coins

I'm not saying there's no solution, but as far as I know nobody has implemented a solution. Currently Ryan is in the position of being able to win on your MP app whenever he wants to. He knows the server seed, so knows the outcome of each bet before it happens. This is something investors need to take into account when deciding which bankroll to invest in.

(As for possible solutions, you can imagine a system where three different people ran servers, each of which had their own server seed, and each bet had to pass through all three servers to generate the roll. That way the only way to cheat investors would be if all three people colluded.)

Quote from: JackpotRacer on December 07, 2015, 09:46:08 AM

I understand your point but IMO the investors could divest before their coins are moved to MP or immediately after it is moved to MP or am I wrong?

Only if they knew about the switchover. There are quite a few people who still didn't withdraw their BTC from the JD bankroll, 18 months after the site shut down. Some investors just like to "invest and forget". But it turns out that Dean isn't moving the 3000 BTC over from BK to MP after all - he's going to have the investors withdraw from BK and deposit to MP, so the point is moot.

Quote from: JackpotRacer on December 07, 2015, 09:46:08 AM

how could all of this harm the app owners? at what risk are they?

I wasn't meaning to cast any aspersions. I've had run-ins with Dean in the past, but he seems trustworthy enough. I don't know how much of a team player he is, but I'm in no position to criticize on that score either.

No one is disputing that Just-Dice ran the largest site accepting a public bankroll, but ever since Just-Dice decided to switch to clams (which is not for legal purposes, in the eyes of the law BTC is the same as CLAM), Bet King (PRC) has been the largest site accepting user investments. As to the questions about Dean, it is important for people to note that the only "issues" regarding him are that certain people in the community (mainly other casino owners) do not like him.

As Ranlo said earlier, this thread is not intended to be a place for FUD/trolling. If you have any questions/concerns please send us a message and we will be glad to assist.