Re: Moneypot

what you mean by "debt tokens" how does that work?

The 'debt tokens' are specifically for the old investor compensations. They do not apply to any current balances.

Once calculations are made for the old compensations, we will let people know that they can opt-in, set a Waves address, and then be sent a Waves token that they can then sell on the Waves Decentralized Exchange where the token will be bought from a percentage of income made from Moneypot. All tokens purchased by Moneypot will then be burned.

So you are out of money and ask people to accept "debt tokens" instead of btc? After the guy ask for 103 btc that u had to pay out 1 december ? You are running a fractional reserve casino?

No, they are giving debt tokens to easily store how much each person is owed from the losses they promised to repay. This allows people to cashout early if they'd like by selling to others on the open market, allows Moneypot to easily buyback by just placing a buy order, and they can't just say that you weren't owed money after they distributed tokens. This is very similar to what Bitfinex did after the famous hack that happened in the summer. I don't expect them to repay all the losses at one time, and they did say that future profits would be used to fund the repayments.