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Showing 20 of 144 results by jrlichtman
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Board Announcements (Altcoins)
Re: Monster Byte - Established Gaming Operator and B2B Reseller
by
jrlichtman
on 08/06/2018, 14:33:15 UTC
Our MoneyPot-enabled exchange PotEx is being rebranded to Nessie, and we will be launching this month.

Find out more details on our most recent blog: https://medium.com/monsterbyte/potex-is-being-rebranded-to-nessie-53c69bcb870d

Information about Nessie is located here: https://www.nessie.io/

may I ask why the name change?

is nessie just another name not to use the name "Moneypot" cause it is a burnt name or is there already a negative court decision in sight against Moneypot?

thx

I see you didn't spend the 3 minutes required to read the blog.



yea I dont read it but you could be polite to answer my question

"PotX" sounds like something to do with cannabis.
Post
Topic
Board Announcements (Altcoins)
Re: Monster Byte - Established Gaming Operator and B2B Reseller
by
jrlichtman
on 08/12/2017, 14:34:43 UTC
Can anybody explain me why the price is going up?

At a guess:

1. This is a tiny market, so even small quantities of buying/selling can move the price massively.
2. General enthusiasm, spilling over from the run-up in BTC.
3. Advance buying, ahead of the next round of dividends in January.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] OPEN Monster Byte - Established Gaming Operator and B2B Reseller
by
jrlichtman
on 15/08/2017, 02:05:08 UTC
I have a question. I like the looks of the site but i see 4 million dollar worth 40 million coins. The revenue of the site for the last 4 years has been 100-150,000$ each year. Thats 1/35th of the amount tokens are valued at. How do you guys propose that massive difference or being able to run the site for 30 years ?

They were horribly under-capitalized (I've run small businesses under those conditions, and it's a significant constraint).

The thesis is that a proper marketing budget (plus technical advancements that are already mostly completed) should result in a significant increase in revenue. We'll just have to see how that plays out.
Even then, I don't expect it to jump to a million. Specially now that all the best sites exist like nitrogen which destroys any other sports book out of the way. Would be interesting to see how this roles out though.

I feel the old investors should have been taken care of some other way.

I can't speak for anyone else, but I'm happier keeping my shares.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] OPEN Monster Byte - Established Gaming Operator and B2B Reseller
by
jrlichtman
on 14/08/2017, 17:01:59 UTC
I have a question. I like the looks of the site but i see 4 million dollar worth 40 million coins. The revenue of the site for the last 4 years has been 100-150,000$ each year. Thats 1/35th of the amount tokens are valued at. How do you guys propose that massive difference or being able to run the site for 30 years ?

They were horribly under-capitalized (I've run small businesses under those conditions, and it's a significant constraint).

The thesis is that a proper marketing budget (plus technical advancements that are already mostly completed) should result in a significant increase in revenue. We'll just have to see how that plays out.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] OPEN Monster Byte - Established Gaming Operator and B2B Reseller
by
jrlichtman
on 11/08/2017, 23:54:49 UTC
I've created a ticket now. This pertains to old Havelock shares.

Got 'em. Thanks guys!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] OPEN Monster Byte - Established Gaming Operator and B2B Reseller
by
jrlichtman
on 11/08/2017, 14:39:52 UTC
I've created a ticket now. This pertains to old Havelock shares.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] OPEN Monster Byte - Established Gaming Operator and B2B Reseller
by
jrlichtman
on 11/08/2017, 13:30:08 UTC
I'm assuming token distribution was delayed by the reissuable issue?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] OPEN Monster Byte - Established Gaming Operator and B2B Reseller
by
jrlichtman
on 07/08/2017, 22:15:38 UTC
i lost money when invest in this team on havelock. 

why any different now,

get ready to lose money again

I'm not affiliated with the company, but have had shares since (I think) 2013 or shortly after - so early on, but after the initial offering on Havelock. Assuming I would/could sell today, I'm roughly even in BTC terms (maybe a little bit up, even), and obviously well ahead in fiat terms over that period. I'm thankful that my shares will be on a platform with actual liquidity now, but am planning on holding in any case (I've learned that I'm not good at timing markets, plus I think this team knows what they're doing, and they've repeatedly looked after their investors instead of cutting and running).

That said, all of this is a leveraged risk investment, with several sets of risk layered on top of each other - crypto-currency (regulatory and technical risk), gaming (regulatory, hacking, shifting consumer taste risks), small company (I know, not really a startup, but still there's 'n' degree of risk of failure with any given set of small companies), platform risk (Waves may be great, but it's still new so who knows) etc etc. So don't put in your retirement fund!
Post
Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC
by
jrlichtman
on 06/07/2017, 23:48:18 UTC
Don't you think the conversion to monsterbyte is a little on the low side?  Money has been tied up in CBTC for YEARS, and now it is moving across at 25% of what we initially invested.  That means monsterbyte is going to have to go 4X IPO to just break even not too mention the cost of the money tied up for years. 

Seems to me it should be moved across at a better rate, especially if IPO doesn't sell out.

11 cents a unit is unfavorable (at 1:1 conversion)Huh Can you explain the math a bit more, I might be overlooking something you are seeing there...

They're likely converting the BTC rate of the original IPO into current BTC-USD terms. It isn't really an apples to apples comparison though.

Looks like the sale is going really well though. Congratulations on a lot of hard work.
Post
Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC
by
jrlichtman
on 22/06/2017, 13:07:09 UTC
BTW, I've registered on monsterbyte. It says to check email for a confirmation link, but no email has been sent so far (I've checked my junk folder). May be a technical glitch.

Taking a look!

Thanks!
Post
Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC
by
jrlichtman
on 22/06/2017, 10:35:28 UTC
BTW, I've registered on monsterbyte. It says to check email for a confirmation link, but no email has been sent so far (I've checked my junk folder). May be a technical glitch.
Post
Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC
by
jrlichtman
on 05/06/2017, 16:17:54 UTC
What's the latest on buying back shares?

Good timing for that question Morg.

So this year we’ve had three distinct opportunities to complete a reverse merger (RTO) on three different stock exchanges; however, in all three cases we were “left at the alter” because of various unfortunate circumstances outside our control (up-front money we were looking to raise before trading fell through, or when our broker got into a car accident and went off the grid and the deal fell through).

We still have some traditional financing options in play, but I personally have been looking around the ICO place to see if there was an option that made more sense for a crypto-currency based company like ourselves. At the moment I’m working with a few of the principals in the Waves project to see if there is a fit. This is by no means a done-deal, but thinking out loud, if we were able to secure an ICO on top of Waves, we would be able to convert some (if not all) Havelock owners to that new token. From there original Havelock unit holders could either trade their token for different assets or crypto currencies on the DAK, or trust our vision for the next few years and ride it out with us.

In preparation for a potential ICO, I have also be working to pull in strategic members within the crypto space, as well as the gambling space. At the end of the day, I’m optimistic these new advisers will not only help with an attractiveness of an ICO – but also with running the company post capital raise, something that I’ve been yearning for since we started gaining momentum in 2014.

Now, to state the obvious to all that follow here, I know I was just interviewed about a month back and said we didn’t want to go the ICO route! If we do go down that route I’m man enough to eat my own words and admit that was probably a mistake to discount the possibility that an ICO might be one of the strongest methods to capital we currently have.

For now, that is the gist of it, more to come in a week or two.




Hope this works out for you - and if you go the ICO route, I'm hanging in for the long haul.
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Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC
by
jrlichtman
on 24/05/2017, 14:09:46 UTC
BTC just hit $2375.

Is there any way you'd be willing to trade our CBTC shares (on request) for shares in the new company instead of a payout on Havelock?
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Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC
by
jrlichtman
on 07/05/2017, 21:01:30 UTC
Thanks for the feedback and concern here everyone.

First, we do have daily access to the unit holders on Havelock; challenge is there is over 600 unit holders (I'm sure there are plenty of bots in that mix), so it's unfeasible for us to take the exit into our own hands. Also, we have no indications that Havelock is going to disappear and not honor withdrawals, in fact we are in monthly communications with them and they are on board with our strategy.

Last, we don't have a target price for the exit, but when we do we'll give everyone fair notice.



Hope the fund-raising efforts are progressing well for you. G'luck!
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Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC
by
jrlichtman
on 09/04/2017, 04:46:46 UTC
Do you know that for sure, or just worried about that being the case (same here btw)?

I'm just worrying about that, based on voices in hvl thread.

There's only six listings left there. Just took a look.

@casinobitco Any plan for how to deal with winding things up, if Havelock vanishes?
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Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC
by
jrlichtman
on 06/04/2017, 18:29:39 UTC
Is there a way for you to do a buyout outside havelock? I'm afraid that's impossible to withdraw from there.

Do you know that for sure, or just worried about that being the case (same here btw)?
Post
Topic
Board Bitcoin Discussion
Re: Do miners really think destroying Bitcoin will make them rich?
by
jrlichtman
on 24/03/2017, 15:19:35 UTC
We halve the rewards every four years. Why not automatically double (or some other multiplier) the block size at the same time? That way things scale up gradually.

I'm sure there are other possible compromise positions as well. Honestly, the two sides just need to sit down with an experienced conflict resolution expert, and come up with a deal.
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Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC
by
jrlichtman
on 21/03/2017, 18:53:13 UTC
Hopefully we can safely retrieve our BTC from Havelock after. Smiley
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Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC
by
jrlichtman
on 30/01/2017, 14:36:30 UTC
For real unit holders, I can tell you that we are working on closing a variety of initiatives that have impacts with us listing on Havelock Investment, and our long-term goals.  Until those close - we are not authorized to share a financial statement for Q4 2016.

Good luck!
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Topic
Board Bitcoin Discussion
Re: Who is Satoshi? Why did he hide his identity?
by
jrlichtman
on 27/01/2017, 16:16:22 UTC
If you want to understand Satoshi, I suggest downloading a copy of the original version of the Bitcoin protocol - i.e. before Gavin et al polished it up.

It's a strange piece of code. The style doesn't look at all like that of a commercial programmer. When I first read through it (late 2010), my initial impression was that it came from somebody who was self-taught, from one of the non-software communities that tend to write code - academic economists, physicists, maybe a manager at a bank. Definitely not a mainstream programmer.

The language of the inline comments made it clear that it was an American. I assumed at the time it was an expat living in Japan, possibly working for one of their big banks.

Whoever it was, they were highly idealistic (like extreme end of libertarian) and quite paranoid.