Quote from: DarkStar_ on March 02, 2018, 04:37:17 AM

Quote from: Hhampuz on March 02, 2018, 04:30:58 AM

Quote from: TwitchySeal on March 02, 2018, 04:27:43 AM

Quote from: dooglus on March 02, 2018, 04:07:44 AM

Quote from: TwitchySeal on March 02, 2018, 04:04:54 AM

There should be ~BTC1,400 but there's only ~BTC1.4

Well, the screenshot shows 1.4 million, but I'm guessing that's in "bits", not BTC.

You're right. And moneypot always did deal with Bits as their main denomination. (At least a while ago they did)

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Haha that's probably true and damn, that's just horrible!

Isn't that a result of forcing everyone to divest and withdraw their BTC? (not counting the maidenvoyage situation)

This is a correct response.

Quote from: dooglus on March 02, 2018, 07:08:54 AM

Quote from: TwitchySeal on March 02, 2018, 04:27:43 AM

1.4 million bits = BTC1.4 right?
Damn.
Do you think they're saying they only have BTC1.4

Right, 1 million bits = 1 BTC.

But, from their FAQ:

Quote

Where are the house bankroll funds held?

The house bankroll funds will sit in a multi-sig wallet held in cold storage and managed by the Monster Byte team. The address is auditable and can be verified to show proof of reserves.

The address they gave starts with a 1. It's a pre-segwit P2PKH address, not a "multi-sig wallet". So that 1.4 BTC they proved ownership of doesn't include the house bankroll funds, because as stated they wouldn't be in a '1' address. What is the bankroll multi-sig address? Why wouldn't they publish that and show proof of ownership?

Edit: https://www.moneypot.com/user/invest/btc says:

Quote

Site Bankroll
1,353,309 bits

so maybe that 1.4 BTC they showed us does include the site bankroll, and the FAQ is inaccurate.

This address is more a representation of ownership to cover proof of liabilities currently listed. Because the Monsterbyte and Moneypot merger isn't at 100% just yet, we thought it was imperative to display an address from Moneypot's side showing that funds on site were covered.

Once the deal is 100%, a multi-sig wallet will be displayed holding the user funds as pointed out in the FAQ.

Moneypot legacy paid out all initiated cashouts on the withdraw.moneypot.com site as well as covering all transfers made from it to the new Moneypot instance (Many ended up transferring and then cashing out through the new Moneypot's hot wallet).

The funds at the address signed plus an undisclosed amount in the hot wallet cover all current liabilities on the new Moneypot instance.