MoneyPot.com :: The bitcoin gambling wallet

[Altcoin4life]

thank u moneypot admin for the support.
my balance are back.
so the problem is the owner of betterbets withdraw the user coin?
wow... that's unbelievable.

No betterbets didn't withdraw your coin a hacker did......you read the announcement on their thread???

[Altcoin4life]

does this mean that an app owner a she knows his app_secret could tip away
all his customers coins?

Yes, hence the warnings =)

An app owner has full control of the money that is deposited on their app, until it's been pulled back into the moneypot account. We authenticate the app using an app_secret, so if this ever gets leaked the person can make any API request on behalf of the app

This is really misleading the btc is never on an app or casino it's just a code stating that player has x amount on that app and when they return their btc to MP it's credited to their account. All money is entered and withdrawn from mp no app or casino ever has physical btc on it...

[RHavar]

Yes, hence the warnings =)

An app owner has full control of the money that is deposited on their app, until it's been pulled back into the moneypot account. We authenticate the app using an app_secret, so if this ever gets leaked the person can make any API request on behalf of the app

This is really misleading the btc is never on an app or casino it's just a code stating that player has x amount on that app and when they return their btc to MP it's credited to their account. All money is entered and withdrawn from mp no app or casino ever has physical btc on it...

As my statement was not misleading, I am going to say it again an application has complete control of all money deposited to it until that money is withdrawn from the app, which is why the deposit UI shows that warning in every place a user can fund an app:



MoneyPot does allow you to deposit and withdraw from an app instantly, but when funds are on an app the app can do what ever it wants with it. That's how the app makes bets, and can tip accounts. The fact that the app doesn't have physical bitcoins on it is pretty irrelevant as it can just withdraw the money  (as the attacker did today).

So please do not try subvert the warnings MoneyPot gives, or misrepresent the relationship.

[ndnh]

Yes, hence the warnings =)

An app owner has full control of the money that is deposited on their app, until it's been pulled back into the moneypot account. We authenticate the app using an app_secret, so if this ever gets leaked the person can make any API request on behalf of the app

This is really misleading the btc is never on an app or casino it's just a code stating that player has x amount on that app and when they return their btc to MP it's credited to their account. All money is entered and withdrawn from mp no app or casino ever has physical btc on it...

As my statement was not misleading, I am going to say it again an application has complete control of all money deposited to it until that money is withdrawn from the app, which is why the deposit UI shows that warning in every place a user can fund an app:



MoneyPot does allow you to deposit and withdraw from an app instantly, but when funds are on an app the app can do what ever it wants with it. That's how the app makes bets, and can tip accounts. The fact that the app doesn't have physical bitcoins on it is pretty irrelevant as it can just withdraw the money  (as the attacker did today).

So please do not try subvert the warnings MoneyPot gives, or misrepresent the relationship.

Yeah, that is completely right.

I read through everything in the Moneypot site, the FAQ and everything. So, when you deposit money to an app, the app has control over it. But the deposits and withdrawals are instant, so the player needs to only deposit the money he needs to play, and withdraw it when he closes the site. Done.

Thanks

[Altcoin4life]

Yes, hence the warnings =)

An app owner has full control of the money that is deposited on their app, until it's been pulled back into the moneypot account. We authenticate the app using an app_secret, so if this ever gets leaked the person can make any API request on behalf of the app

This is really misleading the btc is never on an app or casino it's just a code stating that player has x amount on that app and when they return their btc to MP it's credited to their account. All money is entered and withdrawn from mp no app or casino ever has physical btc on it...

As my statement was not misleading, I am going to say it again an application has complete control of all money deposited to it until that money is withdrawn from the app, which is why the deposit UI shows that warning in every place a user can fund an app:



MoneyPot does allow you to deposit and withdraw from an app instantly, but when funds are on an app the app can do what ever it wants with it. That's how the app makes bets, and can tip accounts. The fact that the app doesn't have physical bitcoins on it is pretty irrelevant as it can just withdraw the money  (as the attacker did today).

So please do not try subvert the warnings MoneyPot gives, or misrepresent the relationship.

Yeah, that is completely right.

I read through everything in the Moneypot site, the FAQ and everything. So, when you deposit money to an app, the app has control over it. But the deposits and withdrawals are instant, so the player needs to only deposit the money he needs to play, and withdraw it when he closes the site. Done.

Thanks

Oh i see I misread this the security is comforting thought thank u for clarification.

[RHavar]

As announced on slack, we're temporarily running on 0 commissions for app developers. This means devs should be now making x2 as much as normal for the next couple of days.


Also in the coming hour, we'll support setting our own app thumbnail and description. So app devs please checkout the admin panel, and make sure thats set.

[BetterBets.io]

As announced on slack, we're temporarily running on 0 commissions for app developers. This means devs should be now making x2 as much as normal for the next couple of days.


Also in the coming hour, we'll support setting our own app thumbnail and description. So app devs please checkout the admin panel, and make sure thats set.

Excellent news, kudos to the Moneypot team!

[joksim299]

As announced on slack, we're temporarily running on 0 commissions for app developers. This means devs should be now making x2 as much as normal for the next couple of days.


Also in the coming hour, we'll support setting our own app thumbnail and description. So app devs please checkout the admin panel, and make sure thats set.

Now we can expect 200 new Untitled Dice script sites 

[FrozenOne]

Issue with my deposit again. It has confirmations and not showing up in my balance. Should I just not use old addresses? Is that the issue? I don't see why that would be an issue when I've never had this problem until recently. Bleh. This sucks. I hate waiting when I've already waited. Man.

It's not even that old of an address. I don't think it was ever used! Hmmmmm.

Issue quickly resolved itself. Thanks!

[birdcat90]

Thanks Ryan,, moneypot now working perfectly for me..

deposit and withdrawal without any problem, also the speed now back to normal again..i appreciate it

[RHavar]

Just doing a quick re-organization of the cold wallet to make it more robust in the case of getting hit by a bus. I'll publish a new MP cold address in a couple hours.

Edit:  Funds are safely at rest. You can view our cold wallet holdings here:

https://www.moneypot.com/proof-of-assets.txt

which should always exceed our liabilities:

https://www.moneypot.com/proof-of-liabilities.txt

[nikona]

Is it possible to increase the withdrawal fees through the moneypot site ? I just withdrew some funds but went with a fees of 0.00008 BTC with a medium priority.

[RHavar]

Is it possible to increase the withdrawal fees through the moneypot site ? I just withdrew some funds but went with a fees of 0.00008 BTC with a medium priority.

It's currently using bitcoin-core 0.11's default dynamic fees, which has  a goal to be confirmed within two blocks. Most of the time it works very well, even when block-explorers say otherwise. I've experimented with using the results of estimate-priority 1, however it's quite unstable and often leads to paying x3 as much fees as required.

However, what I'd like to give users the option of picking their own priority (high, medium, low) but bitcoin-core currently doesn't offer support for it over rpc very well at the moment. There's no way to adjust the estimatefee target over rpc (issue: https://github.com/bitcoin/bitcoin/issues/5796) and settxfee doesn't work very well either (issue: https://github.com/bitcoin/bitcoin/issues/6479). If no one touches these issues, I'll create a patch for it myself when I get the chance

[Aleator]

 I believe this project will be the next big thing , look at it , it brings investors/owners/gamblers all together under just one website.

 Keep up the good work moneypot team!

[marketingcoin]

One mistake does not open the site gives news dizelirm Waiting give news

[NLNico]

I am wondering if there are other people like me who, uhm, don't like "bits" .. at all Option for "show as BTC" would be cool. Then again, I am currently not an active player nor investor, so no need to change it for me. Just curious if others share that opinion

[BitBatFan]

I am wondering if there are other people like me who, uhm, don't like "bits" .. at all Option for "show as BTC" would be cool. Then again, I am currently not an active player nor investor, so no need to change it for me. Just curious if others share that opinion

Same here. Better to se pure BTC value, even if its 0.000012

[JackpotRacer]

I am wondering if there are other people like me who, uhm, don't like "bits" .. at all Option for "show as BTC" would be cool. Then again, I am currently not an active player nor investor, so no need to change it for me. Just curious if others share that opinion

agree regarding bits but I like BTC and also Satoshi
but sure thing that the better option is BTC

[RHavar]

I am wondering if there are other people like me who, uhm, don't like "bits" .. at all Option for "show as BTC" would be cool. Then again, I am currently not an active player nor investor, so no need to change it for me. Just curious if others share that opinion

We do support bitcoins in the "send" dialog as often prices are still quoted in bitcoin, so this does makes things a lot easier. But in general, I'd like to stick with bits as much as possible. It's probably selection bias, but most of the users who get used to 'bits' seem to prefer it, and express frustration with the bitcoin unit.

I would however consider making a "bitcoin helper" display. So 12,000,000 bits could show up as:  "12,000,00.00 bits"  and 10 bits could render as "00001.00 bits" to help people eyeball the bitcoin conversion easily.

[ndnh]

I am wondering if there are other people like me who, uhm, don't like "bits" .. at all Option for "show as BTC" would be cool. Then again, I am currently not an active player nor investor, so no need to change it for me. Just curious if others share that opinion

We do support bitcoins in the "send" dialog as often prices are still quoted in bitcoin, so this does makes things a lot easier. But in general, I'd like to stick with bits as much as possible. It's probably selection bias, but most of the users who get used to 'bits' seem to prefer it, and express frustration with the bitcoin unit.

I would however consider making a "bitcoin helper" display. So 12,000,000 bits could show up as:  "12,000,00.00 bits"  and 10 bits could render as "00001.00 bits" to help people eyeball the bitcoin conversion easily.

I didn't get the 10 bits part.

Anyway, why don't you add an option to switch between units? like bits, bitcoins, mBTC and satoshis, so that someone can pick the one he likes?
Yeah, bits can be default if you prefer that.
I am used to BTC unit, and okay with bits (after an initial confusion) now.