Post
Topic
Board Gambling
Re: 🌟🎲🌟 MoneyPot.com
by
Deuceisgood
on 12/08/2016, 23:16:03 UTC
I was invested in the MP bankroll from late April until mid-May, when I withdrew to Bitfinex in order to short bitcoin around $680. (Due to luck more than anything, my coin was out of BFX at the time of hack - this post isn't about the BFX hack per se.) I have one suggestion to make, and one question to ask:

Suggestion A: MP needs an app or other function to allow investors & gamblers opportunity to hedge and/or leverage their btc. I wouldn't have withdrawn my btc at that time if I could have hedged/shorted within the MP domain. (I'm sharing this because almost certainly I was not the only MP user who had this experience.) When MP has a hedging function, maybe a CFD app, then MP will be significantly 'stickier' for users. If MP links up with Augur when it launches, that would be HUGE. Alternately I hope MP finds an app that has btc CFDs. Throw in some equity indices and commodities, and that would be over the top. It will require a different revenue/profit model (not 'provably fair'), but certainly something can be worked out? The poker site 'Bitlegit' wasn't provably fair, so it appears MP is ready to go that route.

Question B: In that ~2 month window roughly leading up to the DDOS attack and extended downtime the bankroll was booking profits on the order of 0.50% per day. I tracked my returns daily and on June 15 my daily CAGR (constant average growth rate) was running 0.56%. Yes, that is over 600% per annum. According to my hand-recorded stats, there was one 53-day stretch during which only 6 days saw a loss.

Since returning to operations following the DDOS bankroll returns have been decidedly negative. I haven't been keeping exact figures but we can see that investor profits have fallen from about 434 btc in mid-July to a current 368 btc.

Are the DDOS attack and the subsequent operating recovery related in some way to the dramatic fall in bankroll returns? Have there been any changes since the DDOS/server migration that would alter expected bankroll returns?