Ninjastic
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Board Gambling
Re: Moneypot: Powered by Monster Byte
by
JackpotRacer
on 04/02/2018, 06:58:53 UTC
Quote from: DarkDays on February 03, 2018, 09:18:39 PM
Quote from: JackpotRacer on February 03, 2018, 08:47:24 PM
Quote from: DarkDays on February 03, 2018, 08:38:39 PM
Quote from: dooglus on February 03, 2018, 04:25:40 PM
Quote from: JackpotRacer on February 02, 2018, 04:44:46 PM
all in all 143 BTC invested and about 100 BTC left. did MP prove to you that they still have the 100 BTC?

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.

Maybe I'm misreading, but I thought they claimed they were solvent and the "debt tokens" were for the bonus funds they promised investors who took a bath when MP got hit so hard.

For example, in the Maiden situation, he would get his 100BTC right now and debt tokens for the 43BTC +2.58BTC for every year he's been invested.

as far as I know Maiden didnt get back the 100 BTC yet and MP didnt prove that they have the 100 BTC.

in case MP is not claiming that they are solvent where are the coins from Maiden and some more?

Yes, obviously if they don't pay Maiden they aren't solvent.  We are talking about the debt tokens and what they are being used for.

Please stop derailing conversations, you're causing MP to delete posts and hurting your own cause.

no one is derailing anything here and they delete my postings because they dont like the truth and it looks like same for you.

RHavar is saying same like me but in better english thats all. please read again

Quote from: RHavar on February 03, 2018, 09:20:07 PM
Quote from: dooglus on February 03, 2018, 04:25:40 PM
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.