[CAUTION] BTCDragon Asset

ccminer

@qibucks no need to exuse! I'm sorry to hear so!! After you will settle down in the new house everything will be even better than before!
Just don't give up!

RichBC

Let's see what @Bitdv has to say, this is very one sided so far and a pity that it was posted while he was asleep.

Needed a distraction while waiting for a response so dropped in to the BTCDragon Casino

Nothing like a Free Roll with the West Wind Pirates. :-)

Rich

mathew

Any updates on this?

Gibsalot

@mathew just waiting for @Bitdv to come back and respond he checked in when he woke up, said he will respond after he fully woke up and got coffee , given the OP id exspect a fairly length responce with full exsplination witch would take a few to write up. i wouldnt get too worryed unless we go over a full day without a responce witch is unlikely.

Bitdv

OK, @IceBurst and everyone i will start here, this shot of the "Stats" is while correct mis=leading as yes it shows amount of bets is correct and wagered are correct and relevant, the Bets Profit and Expected Profit have nothing to do with the actual earnings of the casino directly, like what the actual casino it self earns ,
This relates to the Bankroll Investors and the Bankroll and what it has earnt , it is a very fluid number, for example if someone was to come in and lets say win 2 btc that number would drop by 2 btc straight away , It is more there for potential bankroll investors to look at and see how the individual casinos are going , if you go thru all the APP's/Casino's with in the Moneypot system , they all vary and some are even negative .

Ok I did state in the original thread that originally BTCDragon was just plinko and was originally release or added to Moneypot around the middle of 2016 , this is the oldest post i could find on it https://bitcointalk.org/index.php?topic=1571856.0 , so some of those totals are a carryover from then, how much I dont know as I didnt record anything from then, but i did state this earlier in the original thread .
In the original thread the User Focus and me did have a running commentary and to the best of my ability I did answer every question that was put to me, and I cant pull up the PM's he sent me as I believe he is banned and there not showing in the chat history, but he did suggest i open a separate account on Moneypot to do the tests that I do and yes they are done everyday and no not at high levels , yes there are some and also when I get a specific bug through the chat box or PM or email i do replicate the actual scenario on the live site, so that I can replicate the bug itself as close to the actual factual circumstances as possible and yes I do actually bet for myself, But my reply and I wish i could pull the PM up to Focus on opening a hidden account was " No I would rather do it with this account so everyone can see what I am doing and , question me " as is being done here.
With peoples betting , there is a huge range , you will get some people that will come on once and do a couple of bets then never be seen again, then theres the one i class as bread and butter, they constantly bet sometimes for hours on end, small bets but in the 1000's at a time , then theres the big hitters they will be on there sometimes for a short time but hit it hard, sometimes 1 off sometimes day in day out, these are a couple of them, this is public info that anyone can get from moneypot so im not devulging anything i shouldn't

This las one was on there yesterday afternoon and had a turnover of 5 btc in about 4 hrs , and there net profit or lose has no factor on what the casino earns its the turnover that matters as someone could put in just 1 btc but bet for hours winning/losing/winning and there turn over could be 10/20 or more BTC, thats were the casino earns in the turn over !!
On the screen shots for Bet History under were it says "KIND" there are only 3 options when we add a game to the site Plinko, simple_dice or custom, the first 2 are self explanitory , the 3rd "Custom" relates to anything that doesn't fit into the first 2 catagorie's, so all games that aren't plinko or dice are marked as custom, that is the only options we have this also includes games that are in development or testing , which there is, these are hidden, but live on the site. And yes there is extensive testing , sometimes they will be set on auto-roll and left to run, and we do do this on the live server , to test that there is no problems, put it under load, as this is gambling we have to make sure to the best of our ability that the games are functioning as we have stated and we usually do a pretty good job at it, see for example the new Video slot egyptian treasure there are over 20,000 combinations ( way more actually), so we need to run that and also add the free roll feature, which is a first for any Moneypot game, to test it so we are satisfied it meets all requirements. If we dont and yes some bugs do get thru , we would be crucified, cause gamblers get very testy about losing and will look for any possible way to get there money back.

With the release of the remaining shares, as i have stated this isnt going to be a instant thing , i did state in dribs and drabs, This is what i actually wrote "With the rest of the Assets these will be sold in dribs and drabs, like a couple of 1000 every few days depending on demand and also earnings thru the casino" so so it was depending on criteria If the demand is there and the casino earnings were at a level that would qualify.
As for asking for capital for other crypto's It was a option, i have stated and will state again that BTCDragon Casino will evolve into a multi-currency casino, and to add those other currency's there has to be a bankroll to cover those currency's, I was placed as a option, i didnt say you have to buy with this currency or that currency, people have sent me messages asking if they can pay for assets in other currency's. and I have posted it to the wider community these intensions
https://bitcointalk.org/index.php?topic=1793310.new#new

https://bitcointalk.org/index.php?topic=1724891.new#new

So people outside the Burst community might want to and bring them into the community and yes I have had interest in this and also this will help raise the bankroll funds for the other currency's that I am looking at adding to the casino.
BTCDragon needs to evolve like this to grow, it cannot be just BTC or Burst, you need to reach a wider community to build a wider userbase, So its a option that people have actually asked me about.

Yes I was involved in RevAds Network and yes it stalled, as i learnt and at that time being new to online marketing and such all profit sharing/ad revenue sharing sites eventually do , and yes people were making money and payouts were happening everyday, until people stopped promoting, and advertising and everyone thought someone else will advertise for me and make me the money and yes it did stall. All moneys were paid out until there was no more money to pay out, but it was a learning experience that those sort of programs have a shelf life, I thought that advertising networks were the way to go for making money online but learnt that they do only have a short shelf life, and there were 3 people involved in that on the admin side.
I own a lot of domains some private some public , probly a list of about 50 and altex is a ongoing concern , but didnt think it had any relavance to here and typical outcomes , you are referring to one program and also alot of the statements in there also refer to rev shares in general.
So i think that covers it, take what you want from it and decide for yourself , I am going forwards with my plans for BTCDragon maybe there needs to be modifications to my plans, but I believe they are solid, So its up to your own decision basically!!

RichBC

@Bitdv Thanks for the update. Can you comment on this paragraph by @IceBurst

On the surface this looks great, 354m bits wagered and a profit margin that exceeds the expectation currently at 1.71%, that gives us an estimated income of 6,054,260 bits which converts to 6BTC. This should buy a ton of Burst to payout investors, on the surface it looks peachy. Here's where it gets dicey.... READ CAREFULLY
As you can see there are two individuals listed as "Owners" as disclosed FlashRevolution is the coder and LordzS is the owner

Also can you confirm to what degree profit from the casino has been able to fund the Dividend payments.

Could you also please summarise the total revenue raised from the sale of assets sold so far, and where that money has been used or is planned to be used in the future?

Thanks Rich

Bitdv

I will also add to use other currency's was also intended to have a lesser impact on Burst , investing gate the cost of purchasing a whitelabeld casino and the cost of coding, this is being built up from the bottom with features and some you dont see on the front end .

Bitdv

@RichBC said in [CAUTION] BTCDragon Asset:

@Bitdv Thanks for the update. Can you comment on this paragraph by @IceBurst

On the surface this looks great, 354m bits wagered and a profit margin that exceeds the expectation currently at 1.71%, that gives us an estimated income of 6,054,260 bits which converts to 6BTC. This should buy a ton of Burst to payout investors, on the surface it looks peachy. Here's where it gets dicey.... READ CAREFULLY
As you can see there are two individuals listed as "Owners" as disclosed FlashRevolution is the coder and LordzS is the owner

Also can you confirm to what degree profit from the casino has been able to fund the Dividend payments.

Could you also please summarise the total revenue raised from the sale of assets sold so far, and where that money has been used or is planned to be used in the future?

Thanks Rich

This is what i believe he is talking about when it comes to the 6 btc
"This relates to the Bankroll Investors and the Bankroll and what it has earnt , it is a very fluid number, for example if someone was to come in and lets say win 2 btc that number would drop by 2 btc straight away , It is more there for potential bankroll investors to look at and see how the individual casinos are going , if you go thru all the APP's/Casino's with in the Moneypot system , they all vary and some are even negative ." in the picture he has posted .
The dividends come from the casino earnings, global jackpot earnings, as of last week the Burst side earnings and also as I stated assets that have been bought (these are like a savings, to store Burst for if and when it is needed) each week i add it all up and work it out and post it on the thread , when i have calculated the dividends , I see what burst i have at hand and buy what else is needed and transfer it to the account , how i work out the value of the Burst for dividend payouts , i see what price i would have to pay to buy it for payouts , the lowest sell price on poloniex is the figure i use , the remaining bitcoin are added to what is at hand and used for advertising/promotion/paying coder and other costs associated , plus adding to the faucets and testing .
And yes i have been putting a ledger together of all incomings and outgoings as it was requested by another member and as soon as i have that completed I will post those .

RichBC

@Bitdv Thanks. Off to bed in the UK, see you in the Morning.

Rich

Kevin

This is one of the worst explanations I've read, at the end it was just confusing and I don't feel it answered the questions stated here.

I hold a lot of your asset and I want a better explanation, looking carefully at your answers in your post threads, it seem you always try to avoid what people is asking. I now started believing that you are modifying the results to be able to pay more, also it's strange that from your big players, two registered the exact same day and continue playing until now, and out of the two others they both play at the same gambling sites, yours and the second place one.

Anyway, I have one question, you say that the profits don't come from the revenue of the site, then from where? Isn't the point of all this to get profits from what the site earn?

Thanks

Bitdv

@Kevin There are a lot of people that registerd around the same time probly when i started promoting ,as I do a lot of promoting so yes there are a lot of people that have joined and only used BTCDragon, maybe they havent looked at other sites , maybe they have , but all promotion i do is to direct them to BTCDragon specifically , and the site earns from the house edge every bet that is placed on the casino where it is a win or a lose the house (moneypot) takes a % and we get 40% of the house edge and the house edge is variable from specific game to specific game and also within certain games there can be various house edges depending on the win/lose factor , if you go to this page on moneypot https://www.moneypot.com/apps/1406-btcdragon-casino and go down the list under bet ID and click any of the bet IDs a page will come up that shows earnings for investors as in moneypot bankroll and what is earnt by the app developer and also the house edge for that specific game , yes it comes from moneypot , but not from the specific amount they deposit, it is worked out on the turn-over, like they can deposit 1 amount and win and lose and win and lose the same amount which might only be 0.1 btc but if they win and lose 10 times in that order there turn over would be 1 btc on that 0.1 btc they deposited and I answered what was asked , alot was asked , so there was a lot to reply with.

msgAnton

Let me explain how the BTC side of the casino works.

The values that you see at https://www.moneypot.com/apps/1406-btcdragon-casino are the stats of the casino which are bet through moneypot. BtcCasino earns a "tip" from moneypot.com from wagers done through moneypot which is 10%(?) of the house edge. The average house edge is 1.39% based on the custom and plinko games done through the moneypot.com portal.

However, this casino info doesn't contain information done through the BTC part of the casino which you can only check through the deposit account at http://burstcoin.biz/address/9518782830690538703.

The BTC part of the casino also doesn't contain custom bets that btcDragon can force upon the user as all money deposited to btcDragon casino is in full control of btcDragon.

Yes, I agree that there is no full transparency to where the invested money goes to but this has always been the case for all the BURST assets.

Kevin

@Bitdv Thank you, I now understand a little bit better this part. So you agree you haven't deposited to btcDragon to increase the earnings of the site? With your account or with another account?

Bitdv

@Kevin I have 1 account there , I havent added funds to the earnings and as I have stated yes i have tested and will continue to test games , for bugs or if they are pointed out to me and games that are in development and have gambled with my own funds !!!
@msgAnton of the house edge the split is 50% to bankroll investors, 10% to moneypot and 40% to BTCDragon of the house edge and this is variable for the games the house edge range is 0.98% to around 2.78% depending on game/win factor and so on ..

qibucks

@ccminer I won't give up, just very tired, stressed, upset and nearly got electricuted..so all in all was a crap day... i won't giveup.. Advice to everyone, never make rash decisions when tired or stressed..

haitch

@qibucks Hopefully your day has improved ......

qibucks

@haitch Thanks to your kindness and generosity, you gave me a lot of hope again... and I will get back all my assets, eventually.. I believe we need give people a chance, sometimes FUD causes whale manipulations and people like me to make stupid decisions..I am first to admit that..I can be very stupid, when tired or stressed..

croydan1

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Bitdv

@croydan1 Ok there is no double talk mate, and as i have stated ME LordzS 100% owner Flash is a coder and the only reason why it states him as a owner is that for coding purposes he needs access to certain areas , i can revoke this at anytime, he has absolutely nothing to do with the running or access to any funds or that, so dont involve him in this , he is hired , paid for his services . he only has access to the areas that i have approved and allow him access to .

croydan1

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