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Topic
Board Gambling
Re: Moneypot: Powered by Monster Byte
by
RHavar
on 03/02/2018, 21:20:07 UTC
I don't think MP were claiming to be solvent are they? If they were solvent they wouldn't need to issue a debt token; they could just pay people back.

If you read their announcement carefully, it seems like they are trying to weasel out of their debt by not honoring some of it (i.e. rubies) and then making the rest owed by  "moneypot legacy" (which presumedly refers to the old owners?). I really hope it's not the case, as transferring/selling all the assets of a company and then leaving the liabilities now owned a now empty shell company, is a pretty text-book example of corporate fraud. So it would be nice if MoneyPot would actually provide some real confirmation on what is going on, and it's commitment to honor it's obligations.