Re: Moneypot

The 'Debt Tokens' are NOT for the current balances. They are for the compensation that was offered approximately a year ago to help recoup investor losses (as it tumbled quite quickly).

There were no requirements to receive and it was to be an expense out of Moneypot's pocket. The 'Debt tokens' now allow to get paid quicker and easier through Moneypot income, which was always stated. Previous investors only stand to benefit from these actions. No one was scammed by it.

The available current investor balances are being divested and will be available to be withdrawn over the next 2 months.

The maximum win will be temporarily restricted to .025 BTC

as far as I know the Bank Roll is about 320 BTC

with a risk of 1% of the Bank Roll and .025 max win IMO the Bank Roll of yours is 2.5 BTC hmmmmmmmmmmmmm

please dont forget to delete this heavy attack LOL

Did you even read the post? ;_;
Max win will be down to that low during the transition
A transition
So, you turn down the max bet so if something goes wrong, it's not expensive
Pretty normal
So please, get off this thread "brown nosed boy"

Have you even read the post here? People dont get paid out their own money

Quote from: Quickseller on December 16, 2017, 09:46:19 AM

Quote from: DarkStar_ on December 16, 2017, 12:12:57 AM

Quote from: gamblingbad on December 15, 2017, 10:17:17 PM

Quote from: moneypot on December 15, 2017, 05:14:03 PM

Quote from: gamblingbad on December 14, 2017, 08:53:30 PM

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.

I haven't been following MP for a while. What happened that caused MP to promise to repay certain investors?