Bitcoin Forum

Now another possible scam regarding Dean Nolan and Betking has come to light.

In the whitepaper he clearly stated 50% of the Betking ICO funds (raised in September 2017) were to be used directly for bankroll, that means at least:

500 BTC
2250 ETH
425 LTC

Does anybody have any proof to show those claims made in the whitepaper were followed through with?

Does anybody remember any games offering the 50 BTC Jackpot? Does anybody remember any games at all where those 50% bankroll figures can be associated over this near one year period the site has been active since the end of the ICO?

Does anybody think adding plugin affiliate games into an average looking website constitutes "development" of the website where the whitepaper stated money from the ICO would be used on "development" but it was just that the site was already complete, there was no real need for "development".

The official Betking thread was locked by Dean Nolan after people began questions about the way he is not accounting for where the money is, how it was spent and why the investors lost out while he became an overnight millionaire. https://bitcointalk.org/index.php?topic=2150057.0 (https://bitcointalk.org/index.php?topic=2150057.0)

So were 50% of the ICO funds (over $3.25 million at the time the ICO closed) used in the bankroll? People are saying it was a scam for Dean Nolan to become a millionaire overnight while duping the investors. My opinion does not rally matter in this but people are calling Dean Nolan and his Betking website scam and scammer.

I suppose that will remain until he publishes audits but the allegation people make is he will not do it because it will show him to be a scammer. At the very least he could make those full accounts available to the investors if not to the open public but he has locked the Betking thread and refusing to answer simple questions so I guess that is why people say Dean Nolan is a scammer.

me personally I thought that Betking will use the funds raised to develop their own games from the scratches , like at least building a poker software by the devs they hired cause yeah being affiliated with live dealers providers doesn't need money raised since the site takes no risk at all

but you have created enough threads and there is no need to create more threads , I do agree with some of your points but I don't fully agree with all what you post
in general the money was already collected , harming betking will just cause the investors to lose more and more

I have seen this stuff posted everywhere - did you get burnt by the ICO?

When I re-read the ICO it has basically been followed exactly as promised. It is a shame that it hasn't done as well as it has in the past in terms of volume but there has definitely been no fraud you speak of.

When I look at it compared to the ICO BitDice did, investors are doing a lot better and there has been significant develop of games being added...

Many people share your views.

As no "games" were developed why did Dean Nolan have in ICO?

It took a whole year from September 2017 to August 2018 for him to arrange plugged in affiliate games with a company such as Livetable and he only did that after several of us began asking questions about where the ICO funds currently are and where the funds were spent if not on development.

1) 30 million Betking tokens were to be used for development and promotion. Where is the development?

2) 50% of the ICO funds were to be used for the bankroll. The ICO raised over 1000 BTC, over 4500 ETH and over 850 LTC so where is the bankroll?

I see no evidence that those amounts of crypto were ever used for the bankroll or will ever be used for the bankroll. Dean Nolan has been conducting himself with too much secrecy so to save his reputation he should be open about the facts related to the expenditure of investors funds.

I agree with your last sentence. Besides, my personal impression on Betking is a positive one. I had registered there several months ago, participated in a free to enter poker tournament, won over $20 and withdrew it without any strings attached. Although they don't run poker tournaments anymore (or yet?) I still play Roulette and Dice on this site from time to time and I enjoy it. I think they are honest people and they will sort out all their problems eventually, to the joy of their investors.

No, I advised investors to stay away from the ICO.

How can you say the whitepaper guide was followed through when there is no accountability on part of Dean Nolan to publish anything?

Just take his word for it? No thank you I prefer to take caution because I do not trust Dean Nolan or his Betking website.

I am so glad you had a positive experience, all $20 worth of it.

So keeping $20 worth of your wonderful experience aside, was there ever a bankroll worth at least 500 BTC, 2250 ETH and 425 LTC?

The 2017 ICO whitepaper stated 50% of ICO funds will go to the bankroll, all available evidence suggests that never happened.

Since Dean Nolan (the owner and operator of Betking) has locked the Betking thread and tried to silence those that are asking questions about whether this whole ICO was designed to make him wealthy at the expense of innocent gullible investors and the fact he does not present any evidence to show how the investors money has been spent, leads many to conclude the bankroll of 500 BTC, 2250 ETH and 425 LTC was a myth. So where is the money? Dean Nolan did not return it to the investors so who pocked the money? There is no wallet address provided where investors can see how much of the investors crypto remains.

People that feel duped in to investing are saying that Betking and Dean Nolan are scam and scammer. My personal opinions do not matter but it is what investors are saying.

You can celebrate your good experience worth $20 in winnings all the while investors that have seen their investment turn in to useless and worthless Betking tokens are ruing the day they invested in Betking.

Max win for dice at betking is 10 BTC right now, most casinos have the max win at 0.5-1% of the effective bankroll.
I don't know how much the bankroll is, but the max win is certainly not too low.

Thank you for the reply. There was once upon a time a 50 BTC dice Jackpot that seems was never won because after the "hype" of a 2017 post-ICO. As the poster in the link suggests:
"1 in 10 billion chance of happening.  And betting 1,000 sats" https://bitcointalk.org/index.php?topic=4873939.msg44051581#msg44051581 (https://bitcointalk.org/index.php?topic=4873939.msg44051581#msg44051581)

Yes there seems to be a 10 BTC Jackpot for now but the link explains why Dean Nolan and Betking cannot be trusted. He seems to have become a millionaire thanks to the ICO while there is no evidence to show he ever fulfilled the requirements of the ICO: https://www.reddit.com/r/Bitcoin/comments/5gfdxk/betking_trying_to_censor_questions_about_ico/ (https://www.reddit.com/r/Bitcoin/comments/5gfdxk/betking_trying_to_censor_questions_about_ico/)

I got this PM a few minutes ago from Dean Nolan using his new Betking Support username:

"Are you an idiot?

Who is paying you? I mean if you are not being paid you might want to get mental help because that's a lot of time spent in 2 months that you could have maybe spent on looking for a job.

Why would I answer your questions in this thread: https://bitcointalk.org/index.php?topic=4751127.msg45805870#msg45805870
when all your questions are loaded with lies and complete misinformation? Even though I answered everything already, you just chose to ignore it.

The funny part is is you are not an investor, none of the people in your thread are, none of them are even players.

Notice when you say my new thread doesn't have much going on?
Why do you think that is?
It's because there are NO unhappy investors wondering what is going on with the BetKing ICO because they all knew what they were investing in and are in my PRIVATE telegram group which is only for investors, not trolls like you.

Oh, remember to post this on the forums too."

I would never send a PM back but I would like to post a message that I posted several times to him:

@Dean Nolan (Betking)

There is a list of questions for you to answer, would you please be kind enough to answer them?

If yes, please do not post URLs to previous posts. Just simple questions will be put forward and we hope simple answers will be given for all to see. That way several things can be cleared up and clarified.

If no, then kindly explain why you declined to answer simple questions regarding Betking Tokens, Betking ICO and Betking in general.

Would you please consider it?

Will you reply Dean Nolan? Still waiting for you to be open and transparent.

Here is the meeting point for all scammed investors and affiliates:

https://game-protect.com/betking-scam/

The more this link will be spread, the higher it will rank on google and the more victims of the BetKing scam fantasy token ICO will find it. ;)

Game Protect has sufficient info and documents to enforce the not awarded value increasement of your investment. :)

The interesting point will be when Dean Nolan's separate fantasy dream world will meet the real world! :D

I normally don't respond to game protect but I did click the link and read. My short thoughts, objective because I don't use BetKing.

1. The formula published from whitepaper is clear, that the valuation of tokens is ICO price. Arguing that value of tokens increase so people should get more means, if the value of tokens go down, should people get less? So there is no discrepancy in my mind about the formula.

2. There is no evidence of how much was spent. So yes, this is not transparent (maybe it is I don't know) but where is your proof?

3. Any casino can change their affiliate program as they wish. Did they withold payment from you for original? Sign up again, what is the problem?

Yes, according to the formula if the value of the invested crypto currencies would have gone down, then the value of the BKB fantasy token would have gone down as well


As we all know, the value of the crypto currencies increased temporarily for 200% = $12 million, but he did not add this value increasement to his BKB fantasy tokens.

This is not only a breach of the investment contract, but also the criminal offense of fraud in the height of $ millions committed!


The value increasement of the invested crypto currencies in the height of $12 million not added to the token value is no discrepancy in your mind?

If you millions of people, then you have millions of minds and there will be surely some minds considering killing someone as kissing someone! :D


1) Scam artist Dean Nolan announced to use 30% of the invested $6 million, temporarily worth $18 million = between $1,8 and $5,4 million for marketing and to built up the site.

Based on investments laws, he has to make a calculation with proof what happened with the invested funds.

2) I am an affiliate for the publicly proven BetKing scam and regularly checked the site. During the first months there was only Dice available that he likely used from his previous BetKing. The number of players was in average 8. This clearly confirms that he even did not invest a fraction of the announced $1,8 - $5,4 million!


Yes, a casino can introduce a new affiliate program and they can also quit affiliates, but they have to honour lifetime referred players!

It is posted in this article https://game-protect.com/betking-scam/ what he did:


What part are you not able to understand?

What he did is like you have a bank account with money on it (In this case referred players) and the bank simply cancel your account!

Thank you for this link.

It shows clearly that you are taking this matter very seriously. I hope there will be some activity on your dedicated Betking web page.

He wont able to make some reply and you guys might be already include on his ignore list  ;D Someone created a thread https://bitcointalk.org/index.php?topic=5043831.msg46541974#msg46541974 and i have seen those argumentation between you guys and with that dude.
I might not like game-protect but on this one is yet convincing and do really have valid points to talk about, yet Betking doesnt mention about those stuffs and doesnt even reply on this issue.We can really say that theres something on it.

Thank you for providing the link. I have just posted there: https://bitcointalk.org/index.php?topic=5043831.msg46555927#msg46555927

Yes the truth is Dean Nolan the owner of Betking has scammed those invested in the ICO. I am asking him to just answer a few questions to clarify some points but he is a scammer he is not interested at the moment to respond.

To not answer factual questions is part of the scam strategy!

All these scammers have the same behavior!

Which is the self moderated BetKing ICO thread as promised here - https://bitcointalk.org/index.php?topic=2150057.msg45274187#msg45274187 ?

This is the thread: https://bitcointalk.org/index.php?topic=5023833.0

@RocketSingh

Dean Nolan is using at least two usernames here (betking.io and betking support), he uses either to post with.

He claimed most of his users were on telegram and that this forum was not important however the telegram was an announcement channel last I checked and there was no communication going on. Having said that he still comes back here to try to drum up new business but finds questions about the 2016 closure of Betking and the 2017 ICO and re-launch chasing him.

Dean Nolan and Betking have a problem with me because I exposed him and his website to be a scam on multiple fronts. I asked him to refute my claims by providing evidence to the contrary but he refuses to answer the questions so he tried to get me banned from the forum and started a self moderated thread in order to censor anybody that either disagrees with him or questions his business ethics.

I mentioned in another thread that I just hope he answers the list of 8 to 10 questions I have for him. If Dean Nolan proves he is right and I am wrong, I will remove the scam alert from my signature and publicly apologise to him. He overreacted, did not like being questioned and went on the defensive instead of mature and sensible trying to resolve the issues as soon as possible in order for both parties to concentrate on other things. Even on that basis he is avoiding answering questions.

https://bitcointalk.org/index.php?topic=4873939.msg46507759#msg46507759

https://bitcointalk.org/index.php?topic=4751127.msg46633067#msg46633067

http://i67.tinypic.com/nfidxf.png



BTC - 1,046 BTC
ETH - 4619 ETH
LTC - 856 LTC  

The above was raised in the ICO so it means according to the whitepaper at least the following should have been set aside for the bankroll because it was 50%:

500 BTC
2250 ETH
425 LTC




It is for these and many other reasons people in the forum call betking and Dean Nolan scam and scammer. Beware of betking, please avoid.

Has anybody received any winnings over the Christmas period?

Lots of complaints being made by users of the scam betking website.

Please be careful, it is better to avoid the betking website and anything that scammer Dean Nolan is involved in.

Are they scam as I see many thread coming up speaking negative about them.  Betking seem to be rich to me but if all those seems lying then it is very bad! I do agree with you.  It is better to avoid them than risk your fund on the scam gambling sites.

Im trying to check or look for the result of that Christmas promotions that they had made and as i visited the thread i already see some complaints about not showing out any
info about it.It becomes too more suspicious on their part.

The fact is Dean Nolan is a known scammer. He has been exposed by several people in this forum.

The betking scam just goes on and on.

This is the post the scammer Dean Nolan deleted from his censored betking scam thread.

http://i63.tinypic.com/34i4xzb.png

The scammer Dean Nolan from the scam betking website has decided HE WILL NOT PAY WINNINGS TO ANYBODY on the Christmas wager: https://bitcointalk.org/index.php?topic=5023833.msg49014911#msg49014911


More about betking scam and Dean Nolan scammer:

https://bitcointalk.org/index.php?topic=4751127.0
https://bitcointalk.org/index.php?topic=4893439.0
https://bitcointalk.org/index.php?topic=4913034.0
https://bitcointalk.org/index.php?topic=5047787.0
https://bitcointalk.org/index.php?topic=910134.msg48937187#msg48937187

Too bad for other players who wagered and won some coins it will be kinda bad start of the new year for them. He did it again but this time I am happy I didn't fell for it. I wonder how many people will stop playing on this shitty site because of this

Sadly yes it is too bad for those that used the betking scam website but I wish them all a happy new year and advise them to never use betking again.

The latest scam has been covered up by saying: "There has been a breach of terms and conditions that I did not announce or write and nobody was aware of so you have to take my word for it, therefore it has been decided I will not pay the winners anything"

How pathetic an excuse is that?

This betking scam website is on its last legs anyway, soon it will close. The scammer Dean Nolan will try to open his scam "bitsafe" exchange with another ICO after he previous ICO attempt failed. And then will probably have another ICO for the re-launch of betking, again.

Hopefully my case file will have been in the hands of law officials in the country scammer Dean Nolan lives in before he can get to the stage of scamming any more people.

If anybody has any information they think might help as part of a document I am compiling to send to law enforcement agencies then please get in touch.

The list of scams operated by scammer Dean Nolan goes on.

Lots of people did expect lots of things from this scammer but they have been warned for years that Dean Nolan is a serial scammer and betking website is designed to play a massive part in that scam.

ICO = scam

That's not so difficult to understand.
There is nearly no exception.
And whatever, 500 BTC to make development on a betting website? WTF? Are you goin to build a website worth 500k$? That's a hell of a website!
That was stupid and you did the right thing to call the scam when you detected it.

Don't put your money on project making no freaking sense.

Thank you for your post.

I was calling this scam from the very early days of the 2017 ICO. As soon as I questioned the motives of the ICO and pointed out several red flags, scammer Dean Nolan did what he always does when he gets caught out - he threw his toys out of his pram and spat out his dummy in a major tantrum saying he would no longer reply to my posts. At the same time all my posts warning people to stay away were drowned out with abuse by the bounty seeking fools who put a few decimal places worth of ETH ahead of innocent victimes of this betking ICO scam.

As soon as the 2017 betking scam ICO ended the bounty seeking propaganda spreading fools removed their betking avatar and stopped posting to back up scammer Dean Nolan. Typical. Sadly by then the damage was already done.

At the time the 2017 betking ICO ended scammer Dean Nolan has raised over 1000 BTC, over 4500 ETH and over 900 LTC. Half of that was supposed to go on bankroll. The simple stats prove beyond doubt that there was never at any stage that amount set aside in a separate cold wallet for bankroll.

Furthermore, the number of tokens that were supposed to fund development and pay for various things were in control of scammer Dean Nolan therefore he should never have used the profit calculation to dilute investors money/profits by using those tokens.

The list against this low-life scammer called Dean Nolan and his betking scam goes on but in short yes this betking ICO was a scam from day one.

Scammer Dean Nolan never published any accounts or gave any audit reports to investors or token purchasers but very soon he will contacted by the legal authorities in the country he lives in because the files being compiled with evidence against his scams is nearly complete.

The fool is now trying to raise $10 million US$ in another scam ICO to start his "bitsafe" crypto exchange  ::)

http://i64.tinypic.com/1zfpi5y.png



 ;D

Well here is another masterpiece from failed businessman and semi-successful scammer. Scammer Dean Nolan just sent me this PM

He deletes any post from his censored betking thread that exposes his scam but then sends PMs.

This is the fool that scammed winners out of more than 20 BTC a week ago in the Christmas wager because he was unhappy that so many people won, he expected fewer people to win so instead of paying up he decided to cancel all bets

http://i63.tinypic.com/107vofr.png



The scammer fool Dean Nolan deleted my posts from his censored betking thread and made it clear on many occasions he was going to ignore me and not reply to me and anybody else that exposed him and his betking scam but he continues to send me PMs.

Pathetic scammer Dean Nolan

I know who you are now.
Since the mods are not going to do their job and stop your continuous abuse and slander I am forced to find other solutions.

Well the scammer Dean Nolan who said on several occasions he would never post to me ignored my posts in his censored betking scam thread then deleted them but has now started to send PMs instead. This another piece of warped logic in the mindset of the serial scammer Dean Nolan. Now he is posting to me directly again but I am going to continue to ignore the scammer.....  ::)

Lots of extremely important pieces of information are being made known to me in the run up to getting police involved to investigate the betking scam and its scammer owner Dean Nolan.

After this post I probably will not elaborate on anything further about the actual evidence collated as I do not want to give the scammer Dean Nolan any information in advance that the police will question him about but some fresh information just received by somebody stung by scammer Dean Nolan has come in.

Apparently scammer Dean Nolan used ICO funds from the betking scam before the post-ICO betking launch to help him move residence (ahem), this has been provided by more than one source   ;)

Add to that confirmation of previous (and present) location in United Kingdom makes it all come together slowly but surely: https://bitcointalk.org/index.php?topic=5047787.msg49054170#msg49054170

The list of strong evidence against this scammer Dean Nolan has already been collated but key pieces of the jigsaw were missing. Ever since this scammer pulled off the scam by refusing to pay over 20 BTC to legitimate winners of the betking 2018 Christmas wager there have been more people coming forward with lots of information.

Looks like many people want scammer Dean Nolan to answer for the scams he orchestrated. Even those that previously voiced support for this scammer Dean Nolan and his scam betking website in the past are now helping to compile a legal case against him. Please keep the information coming in, anything that can be verified as true will be added to the case file and presented to the UK police. Your name will never be released, you can send any information in confidence.

Hopefully the case file will be sent to police by the end of this month or early next month at the latest so please keep sending in any information you think might be useful in helping the police either arrest or interview this scammer Dean Nolan.

Thank you

What happened to the 500 BTC, 2250 ETH & 425 LTC that was supposed to be used to bankroll the scam?




Now with Dean Nolan using his last major trick up his sleeve to scam people using betking he has decided to use EOS tokens airdrop in the hope to bring in 200,000 new users to his scam website.



http://i65.tinypic.com/2m6u89d.png

 You are a insane dude, you keep stating your opinions as facts where you have no proof and when you are provided proof you ignore it. When anyone disagrees with your opinion you block them.

Oh, it's my biggest fan  :)

I see you managed to get a little crew going in here who are not players, investors or token holders to believe you and make judgement and spread lies.
Though I guess if you are sad enough to post every day for a year that's to be expected.

I'll give you a little challenge.

Provide proof of any scam I or BetKing has been involved with.
When I say proof, you have to provide actual evidence remember, not just post opinion and lies. Also putting text in large font and pretty colours doesn't make it true.
It would help your case if you could find a single token holder who has been scammed or an investor who has been scammed.
And no, people who are just unhappy with business decisions or that they didn't make huge profit from ICO do not count either. That does not equal a scam.

Damn. There are multiple threads regarding this controversy in this forum and this fight between Jolly and Betking clearly does not look like it will stop anytime soon.

This topic just keeps getting interesting as the days pass by.

I never resorted to using multiple aliases and sock-puppet multi-accounts. Scammer Dean Nolan has used them to attack anybody that challenges him or opposes betking.

U got proof? o wait another opinion you spout as fact hahahahahah unhappy evil you are pathetic little evil man.

There is NO WAY he seriously believes any of this. He doesn't care about bitcointalk and he only cares about his own telegram channel ? Give me a break!

He cares about this place more than he cares about his own house, this place is the real place where people showed how he is a fraud and how he stole money from people and failed to conduct a decent business and basically bankrupted other peoples money. Not only he is a criminal that stole money from people he is also a horrible businessman who failed to succeed at running his business with money always coming in to fund him.

If any of us here had endless amount of funding constantly pouring into our business we would at least make it work better than him. I really really hope he gets sued and taken to court so he could both serve some time in jail and also has to sell everything he ever owned to pay back his debts.

Got any evidence to backup the claim of me supposedly stealing money? Or are you some old account that jolly good bought to post from?

In his own pathetic little mind he feels that in returning the bankroll BTC of the original betking website to the investors, he has somehow a free hand to do what he wants.

He only returned the bankroll BTC to investors in 2016 so he could have the ICO in 2017 with the sole aim to pocket money for himself. The whole ICO scam showed how much of a pathetic little scammer this Dean Nolan really is.

Got any evidence to backup the claim of him supposedly stealing money? Unhappyevil why you always lying.

The evidence is here BetKing scam (https://game-protect.com/betking-scam/)

The evidence was posted on your scam website and I made screenshots for authorities! ;)

He claims has has left the forum again now. Hopefully it will be for good but it seems by past behaviour he will be back within a couple weeks.

Hope you are enjoying the ride. Scammer Dean Nolan has thrown a tantrum and left the forum (again).

Let us wait and see how long it is before he comes back with his tail between his legs with several multi-accounts to back himself up.

So it is clear scammer Dean Nolan is using alt-users after he said he was leaving this forum (again)   ::)

It i s Clear jollygood stats a lot of stuff i think he might be making up as it is fact shows no evidence how mods not ban this, in real world prison time for stuff like this.

The facts of the publicly proven BetKing scam are shown here BetKing scam (https://game-protect.com/betking-scam/)

Only because someone does not have a functioning brain to understand what he reads, does not make BetKing not a scam! :D

your a known scammer i read your gameprotect thread you been exposed wake up everyone is on to you.

game-protect just put those fools on IGNORE like I have

Scammer Dean Nolan and his buddies/alt-accounts are out in force tonight but thankfully the betking website is dying fast because of scammer Dean Nolan has mismanaged the project and of course because of the scams carried out.

I feel sorry for investors that lost out in this scam but I am so happy that within weeks or months betking will be dead as everybody is using Bitsler, Bustabit, Bustadice, Stake, Primedice and a several other sites.

The betking UI looks like it is something from 10 years ago  ::)

hahahahahahahah think about what you just can you see the irony or are you dumber than i imagine?

To read the Game Protect thread requires a functioning brain and therefore I highly doubt you did it! :D

Who knows I am a scammer and where is the scam accusation like it is very common here on bitcointalk?

Oh wait, a scam accusation requires proof, so there is only the criminal offense of defamation left! :D

was linked from twoplustwo a few days ago.

http://i65.tinypic.com/30w35z6.png

This is hilarious

 ;D

will be more hilarious when you get served and have to sit silently while you shit your pants

http://i66.tinypic.com/2vanrjk.png





http://i67.tinypic.com/2coj52o.png


Who else is chasing freebie useless and worthless bounty EOS tokens for the fast dying betking scam website?

Scammer Dean Nolan used Bitointalk forums to promote his scam 2017 ICO and 2018 Christmas Wager scam

Now he is saying negative things about Bitcointalk Forum even though it was the very thing that allowed his scams to succeed.

Oh the irony when scammer Dean Nolan wrote Bitcointalk Forum was for old site owners who need to keep feeling important with the small "fame" they had

https://betking.io/whitepaper.pdf

This what the new whitepaper states:

Games
We offer fast, off-chain betting on classic dice, roulette, blackjack and other popular casino games.

and

Roadmap
27/01/2019 - First draft ICO published
14/02/2019 - EOS blockchain snapshot
17/02/2019 - New BetKing platform launched
18/02/2019 - BKT Airdrop
March 2019 – More games launched


The only constant are the lies and misinformation by scammer Dean Nolan. There is no "we". He keeps implying there is a team when he is nothing but a one man band who hires low-cost remote freelancers to tweak changes for a few $ per hour rate.

Pathetic. Apart from a dice game UI that looks like it is 15 years old there is nothing to play. There is no development just the same old look of the betking website pre-ICO, post-ICO and present. The latest whitepaper states "We offer fast, off-chain betting on classic dice, roulette, blackjack and other popular casino games" but that is another out-and-out lie


 ::)

http://i66.tinypic.com/2vanrjk.png





http://i67.tinypic.com/2coj52o.png



It seems clear the bounty seeking users are still not out in force seeking EOS freebie useless and worthless BKT tokens. By now they should have been lining up to attack anybody exposing scammer Dean Nolan and betking but there are a few that are remaining loyal to their paymaster scammer Dean Nolan, nobody else cares about betking anymore.

If you have any information that could be used by the UK Police (Scotland Sheriff) which might be used in a criminal case against scammer Dean Nolan then please contact me. I will not reveal your name and only use the information for my case file if it seems it could be used by the UK Police.

attack? You mute anybody instantly if they disagree with you. You still not have answered why you gave me bad trust rating.
Here is the ATTACK that is completely false.
-------------------------------
BillyBurns   2019-03-15   0.00000000   Reference   This account is used to promote scammer Dean Nolan and the scam betking website.
It is also used to attack anybody that exposes or challenges scammer Dean Nolan and his betking scam all for the bounty betking gives to these fools
-----------------------------------


I don't attack anybody, if being calm and logical and pointing out where you state opinions as facts is a attack I don't know what to say man. If someone were to look at your last couple hundred post's they might see who is attacking who. For the record I have NEVER accepted a bounty or been paid anything from Betking other than my profit from investment in housebankroll. I don't appreciate you abusing the Trust/merit system, if you look at your trust system we can see that you have given almost a hundred people a bad rating in a short time. Abuse of the system can be harmful to the community. I have expressed my concern to the moderators several times. I can only hope others will see your abuse and express their concerns.

Scammer Dean Nolan locked that thread too because LoyceV was about to post that he just discovered his $700 worth of BKB tokens were now worth just $8 thanks to scammer Dean Nolan destroying betking.

It did not stop him posting it elsewhere anyway: https://bitcointalk.org/index.php?topic=4873939.msg50159244#msg50159244

We will hopefully see a much deserved Scam thread in the forums about that from LoyceV very soon  ;D

Can you address my post's above I don't appreciate no reply when you give me bad trust.

I forgot to add that LoyceV like others does not appreciate the quarterly BKB buy-backs being cancelled.

Promising one thing in the ICO whitepaper then doing something else... it just might be a criminal offence  ;D

Promising to use 50% of the funds for the bankroll and then not doing it THUS affecting the whole structure of the post-ICO re-launch affected everything. Well, that might be enough to prove negligence on part of scammer Dean Nolan. I am sure the UK Police (Scotland Sheriff) will appreciate any solid information that is passed on to them in the case file

 ;)

Please stop ignoring my posts and explain why I was given a negative reputation in trust system by you. I do not appreciate that especially without a reason why.

Amount raised:

BTC - 1,046 BTC
ETH - 4619 ETH
LTC - 856 LTC  

According to the whitepaper at least the following should have been set aside for the bankroll because it was 50%:

500 BTC
2250 ETH
425 LTC

These are some of the reasons why many people in the forum call betking and Dean Nolan scam and scammer.

Beware of betking, please avoid that scam.

I don't think you can really abuse the trust system. It's basically a glorified comment section. No one really looks at it, or pays attention -- I wouldn't worry about it. (Although I agree about the multiple threads, it's a bit annoying).

That said, I find your support of betking a bit perplexing. I looked through your post history, and you're clearly a reasonable person. You've been aggressively promoting beking for 3(?) years (with even your profile link to "betking.io"), but your only affiliation you say is that you're an investor?  So did you invest in the ICO? And if so, did you get the same treatment as other investors?

Because honestly, I don't think a single reasonable person can conclude it was fair. Doing my best to not sensationalize:

The ostensible purpose of the ICO was to raise funds for bankroll and site development/software. Despite raising several million, the bankroll remains paltry and does (or did?) even require additional bankroll investors. And for software costs, Dean has been remarkably frugal. Even going as far as ripping Daniel off for 2 btc to save on costs (even despite knowing it would greatly harm his reputation, which is what casinos live and die on)

Dean personally profited by the terms of the ICO when the price of bitcoin went up (by pegging the token to USD, while holding btc). I agreed it was fair, because under the same terms Dean would personally lose if the price of bitcoin went down. When I inquired about how that is possible, and at what price bitcoin would need to drop to make that untenable, he said "even at $1" he could do it, because he has system in place to automatically sell bitcoin and would always honor the buy backs.

If you have the time, I'd appreciate some insight on how you think this is not just outright scamming?

--

On a more subjective note, I re-read through my conversations with Dean and am 99% sure that Dean tried to use his reputation (just before canceling the buybacks) to scam me out of a ~million dollars. He made up some story about having fiat denominated debts (poker debts, he told me), and having bitcoin. And needed a loan. Right from the very start, I told him I am happy to do so but I have a hard-requirement of not exposing myself to counterparty risk (e.g. i'd want him to escrow some bitcoin as collateral). Each time he would come up with new terms they would not meet the requirements and leave me vulnerable to being scammed. Then he finally agreed to preliminary terms, I went to the trouble of securing some highly respected and well-known people who could escrow. And then he changed his mind and wanted to self-escrow. Or then he agreed to collateral conditions, but wanted to use BKB (and once again promised that buy-back would never stop). Also all the while he was offering insane interest rates.  There's no way this was done in good faith.

But I do agree that my accusation is "he tried to scam" is extremely weak, so I'd rather if you could (since Dean refuses to give a proper response) to how you think what he did do to ICO investors was anything but scamming.

Take a look at this guys trust system, and his other post's in other threads. He states opinions as facts, blocks anybody who disagrees with him. He also gave me a bad trust rating for a false reason. When I asked him to explain it he refused. I have integrity cryptogames once sent me 116 extra etherium when I cashed out I notified them of the error before they even knew about it and sent it back to them, they gladly gifted me 12 etherium for the deed and I was ecstatic about it. Does this sound like a scammer to you? I have integrity and I don't appreciate this guy abusing the trust system. I have messaged mods about it but they seem to not respond or do anything about the guys blatant disregard for the truth. Be wary of what this guy has to say, and if you got the time go through his post history to see what I'm talking about. Jollygood please tell me how I am a scammer?

  This is where a interesting conversation starts. I was a ico investor and I have received no special treatment. My 1st reaction was anger. As for Dean being frugal you must have not been around when he was doing daily tournaments and freerolls with overlay day after day in poker tournaments. Also is reported that pro gamblers were crushing the sportsbook due to the favorable odds. According to what I have heard is that Dean was buying back tokens from people who were unhappy with the ico (did not know this was occurring). So some investors were able to exit without a loss and even a profit from BKB investment on site.

   Is renegging on a promise a scam? That is a question that I think each person can define differently. Now if intent was good but methodology was bad is it a outright scam?  Do you think Dean intent was for this to occur? Do you think Bitconnect had good intentions? Are they both outright scams? What if that system in place failed and it was impossible to fulfill?  Mistakes were made to get to this point there is no denying that, but to get where those mistakes began, plenty of sound decisions were made beforehand and many previous investors ( many ico investors) made out a lot of bitcoin. This obviously doesn't justify it because yes some of us got screwed (hopefully short-mediumterm)  this happens all the time in the stock market.  How are you so sure you were not going to be repaid had the loan gone through? Do you think there will be a exit scam? Is he fudging with the numbers on site or effecting rolls? Is he able to secure site funds? From what I have seen lately is Dean working on site day in and day out trying to get this going in the right direction again, hopefully he has a fire under his ass and can try and make good on those failed promises.

Ps Rhavar can you get someone to lock most of these threads but the main BK and leave Jolly one of these threads rather than him pumping all 5 several times throughout the day. I have emailed plenty of mods they don't care what I think.

What an excellent post from RHavar. I had to UNIGNORE that user just to read his reply to you, I wanted to see what he would come back with.

Within minutes of my making a post he posts after me but after nearly 90 minutes of your post he finally replied with what is written below but he made no mention that scammer Dean Nolan tried to dupe you out a whopping $1 million. I think he consulted with scammer Dean Nolan before posting since he has admin rights on the betking scam website.

- He made no mention of whether 500 BTC, 2250 ETH & 425 LTC are in the bankroll or not

- He made no mention of the 20 BTC +EV that winners not paid in the 2018 Christmas Wager

- He made no mention of the BKB tokens from the 100 million that were supposed to provide for new games and a new website but did neither

- He made no mention of specifics but generalised claiming scammer Dean Nolan was not perfect and was working hard to right some wrongs ::)


Oh well, almost exactly what I expected from him so he is back on IGNORE again.....

Waste of my time replying to you when you don't even read what I write but I will do it anyway.
1# Dean is sleeping
2# The only form I talk to him is on site, and we have no private message feature currently and your always sending screenshots of conversations on site so yet again another lie and false claim by you again, and yet you claim I'm the one attacking you......
#3 I did mention the speculation Rhavar had of being dupped but it is clearly speculation and we will never know, but I assume you will still speak of it like it's factual.
- He made no mention of whether 500 BTC, 2250 ETH & 425 LTC are in the bankroll or not
Response: How am I suppose to know, just like how would you  know? I said site gave freeroll and overlay in tournaments for months and sportsbook was getting crushed by proffesional gamblers maybe this is where those funds went but like I said how the hell am I suppose to know. But your making claims like you know for a fact where they went when you have no clue just like I do, but I will just say I don't know, you don't choose to speculate where they went you just act as if you know  it's a fact.

- He made no mention of the 20 BTC +EV that winners not paid in the 2018 Christmas Wager
reponse: We gone over this over and over but the answer you get is never good enough. The prizepool was filled with cheaters, people who won and cashed out freerolled the site and people who lost, were refunded what they lost, Dean only lost in this situation and players did not lose out, and go figure people cheated when they saw a opportunity to win some +ev money ( as a poker professional for over a decade i know first hand that people will cheat in tournaments when they see overlay with multiple entries this is not uncommon at all)  

- He made no mention of the BKB tokens from the 100 million that were supposed to provide for new games and a new website but did neither
Response: I don't know anything about this, but the site did have roullette at one time and I believe it is coming back very soon and more to follow

You can put me back on ignore but your not doing yourself any favors by doing so. Please remove my bad trust rating we both know you giving it to me is completely unjust.

I don't have any special privileges, but I have suggested several times that I think game-protect should be banned (almost all his posts are thinly veiled ads or links to a scam service) and that all-but-one of JollyGood's threads locked or merged (actually: hopefully JollyGood can do that voluntarily, as it serves no one by having discussion split up like that).


 
Fair enough. I know Dean has run a lot of pretty generous promotions. Something I think is a bad idea, as you attract edge-hunters, and not gamblers.



The reason those investors were unhappy was because the BKB token was pegged to USD, but BTC was going through the roof. So they thought it was unfair that Dean makes a (personal) profit at their expense (compared to if they just kept the BTC, and never invested). I always defending Dean, because this was the terms and Dean repeatedly said that had price gone down, he would've personally compensated investors out of pocket.

 

No, of course not. I'm sure it was his intentions that bitcoin price went and stayed high, and then he would've made a huge personal profit and none of the mess happened. But bitcoin price did drop. And those BKB tokens represent a debt he had to people.  If Dean was an honest person who treated his obligations seriously, he would've put every effort to honor his debt (up until the point of bankruptcy).

He made a bet bitcoin price would go and stay up. He got it wrong, and he owes money for that. It's just not fair or honest to be like "lolz sorry, turns out I bet wrong. Let's just ignore that and pretend it never happened". And let's also not pretend Dean doesn't have the resources to actually repay his investors he screwed. He's no doubt netted a few million from his little ICO scam, and if memory serves (I might be wrong, I'd need to check) I was in talks with him to sell him my site for 10M dollars.  He's only motivation here is unabridged greed.

Again, making assumptions and stating opinions as if they are facts. Just like jolly good.

You know absolutely nothing of what our costs were in the past year and a half. You don't know what was spent on marketing, promos, development (you say frugal, I had 6 devs working for me for a year, they don't work for free).

Here's the other thing, you or any of these trolls don't need to know either as you had no BKB anyway.
I am in direct contact with all my biggest token holders and we have chatted about all the changes for many months. It's not a public discussion.

You don't know people who bought the ico or how they feel. I did say that 600 btc (the bankroll funds since we made no profit) was used to buy back tokens. That is 600 btc that comes right out the bankroll. Remember 50% was meant to be used for the bankroll? Well that obviously drops doesn't it? More tokens were bought back when price was actually low as no one wanted to sell when btc price was 20k and it was only 3 months into the project. It's been going down since.

You know, as well as I know your issue, that I couldn't sell btc when it was at the top so don't act like I profited millions. No bank would give me an account.
The btc remained as btc up to 20k and down to 3k, except when paying our expenses.

So when I changed to this model I owned 70% of all BKB (you lot seem to want to ignore that fact, 600 btc of the original funds was used to buy these tokens).
20% has been converted to the new token by holders who are clearly in favor of the direction we are going in.
There's a small amount that will never be claimed (old bounties, promo wins etc) and there's a few people who might be unhappy or are waiting to see how the new system goes. But that certainly doesn't show scam.

Businesses fail every day. It doesn't make them scams.
I was the biggest investor in this that lost, I put over $1 million of my own money into the business.
Businesses change models or pivot all the time, especially if the old model didn't work which clearly it didn't here.
It's obvious to me that the majority of people are in fact in support of the changes and I feel that this way will be far more profitable. For a start, traffic and profit is actually increasing now.


Use some logic. If I was a scammer, why would I still be running the site? I mean my lawyers have told me I can close it and have no legal obligation to buy back any tokens.
Why would I not have just closed right after ICO instead of spending on dev/marketing?
Why would I not have stole investment in 2016 instead of returning it to everyone?
Why would I not decide even that BK relaunch wasn't doing well after a year and just get out then while we still had money?
A scammer doesn't hang about the scene for 5 years.

Got any other assumptions you want to make without knowing anything of how the business actually works? Because your trust feedback you left shows you don't have a clue.

The answer to the above is: because that would be an out-and-out scam, a blatant open scam that would result in a criminal prosecution. Simple. The way this scam has played out has been much more subtle and it has been covered with some protection from accusations of fraud by running the business on the surface of it yet totally mismanaging everything related to it. Returning bankroll funds to investors does not warrant you deserving a medal nor does it give a seal for the rest of your life that you are a genuine and honest trader. You made plenty of money out of betking both pre-ICO and post-ICO.



So why not tell everybody? If you want to hide it from "everybody" at least tell investors and BKB token holders. We know of BKB tokens holders that did not get that information because if they did they would have elaborated and we would have known too.

I have no recollection of a figure of 600 BTC ever being mentioned before with regards to buy-backs. It was clearly stated in the past "I have bought back 70% of all tokens" and then on another occasion "I have bought back 90% of all BKB tokens" but it was never mentioned even once that 600 BTC of bankroll was used to do it. That figure I see has dropped back down from 90% to 70% again.

* Nobody knows exactly how much bankroll BTC remains
* No mention was made of the $1 million you tried to scam out of RHavar
* This is the first time a figure of 6 devs working for 12 months was given but no explanation why there was no physical noticeble changes on betking.io
* The white paper mentioned apps and new games and development but literally nothing happened apart from old games me re-added and later removed
* How much of the 600 BTC was used to buy up your own BKB holdings?
* Why use bankroll funds to buy BKB tokens when that is not what the bankroll funds were supposed to be used for?
* "Frugal" and "economical with information" are factual issues in this case because drips of selective information being released by a dictator as and when he pleases, is NOT the way forward. It never was.

Had there been more openness from the beginning then maybe much of the issues could have been addressed earlier.

Simple steps such as publishing post-ICO 2017 wallet addresses, monthly/quarterly bulletins stating number of buy-backs and at which cost as well as other information such as ALL expenses, ALL gross/net profits, traffic numbers and other info would have been a great start but all that was suppressed. The idea one can simply say that "businesses pivot all the time" therefore brush aside all concerns and not elaborate on issues of importance to investors or token holders - is unacceptable. Having the ICO did not allow a dictatorship to take place. Sure it put almost infinite control over the project but with that control comes responsibility. Throwing a tantrum and refusing to answer questions about the state of play is not the way any business owner should behave.

To say BKB tokens holders or ICO investors had that information but nobody else could or should have it is something that was a bad move on your part. Anyway not all token holders had ALL the information, they were searching for it themselves and had to wait until you gave it to them.

Had you at least answered some of the questions I asked at the time of the ICO and post-ICO then people would have been more informed. Even now the whole thing is close-guarded and clouded in secrecy.

Anyway, all the evidence suggests extremely weak business acumen at the very least and a much serious matter of a scam at the other end of the spectrum and the reason for those assumptions existing are because you yourself have created a toxic environment. You still have time to right some of the wrongs and gain some credibility before betking meets its eventual demise.




You honestly have literally next to nothing in social skills, you have no idea how to debate to engage with people/users/customers and you have written with that attitude to many users in the past.

I'll reply once since even though you are still wrong in what you say and still continue to attack, there's a hint of some possible discussion here.


Not true. I lost millions of $ since the ICO.


Doesn't matter if you remember or not. It's been public. The main point is that all token holders were allowed access to a private Telegram group.
We discussed business decisions and spending and stats in there. They were not the concern of this forum. There was no need to post anything in this forum. Any large holders that didn;t want to discuss in Telegram were in contact via email.

I also never once said I bought 90% of tokens. I did say that up to 20% were willing to swap for BitSafe tokens which would bring the figure closer to 90%, most of these people have now converted to the new BKT token.

Never needed to be made public here.

Again, any business decisions or spending or expenses was not information that was to be made public or of interest to anyone on this forum. Instead of any discussion you make assumptions and claim them as fact. We done a tonne of development on the site.
Any site owner would be able to tell you that it's not just the design that shows work being done. We have worked on BetKing non stop. Old games can't just be re-added and integrations of other services are not easy. You are not a developer (i saw your request looking for one). There is always things behind the scenes to be working on that most users wouldn't notice.
Look at BitDice, 8-10m raised in ICO and site is the same a year and a half later. With no scam accusations. What has been done there? Behind the scenes development that no one notices much.

Again, a private company and that information did not need to be made public. But was always shared with token holders anyway. This forum isn't where these things are communicated.

You have spent a year on this smear campaign attacking me personally and BetKing. Why would I have continued to answer your questions?
You always either ignored them and post more spam over the top with false claims of scam or you twist my words to suit your narrative.
All while not having a single cent invested in the site. You were not a token holder. You didn't need to be informed of anything related to the business of BetKing.

Most did have the information, certainly the largest percentage of $ value did. We obviously can't reach everyone but posting on this forum was not the answer. Especially when you spent a year doing this. You have done far more harm to investors and the website than I ever could.

Now we're getting somewhere.
I've admitted many times that I could have run the business far better or done things differently. But it is not a scam to run a business poorly. It is not a scam to spend money on things that didn't bring an ROI.
Token holders can see the steps that have been taken to try and turn things around.
We have a new, much improved and built from scratch platform (regardless of what you say about the look or whatever). It has shown an increase in players and profit for token holders and bankroll investors already with the numbers growing each week.
I personally don't make a single penny off of the new platform yet. I hold tokens but they are essentially locked from circulation at this time. I want to see the platform and player base built up and original BKB holders see a positive return (even though there are few left) before I consider making any profit.


P.S
Yeah well that's how I talk to people who have attacked me in the past or who have trolled, posted loaded questions, false assumptions or generally people who have no real interest in discussion or the site.
That's exactly what that user did and he is only looking to bump his signature campaign post count.

Have you made a distinction between BKB/BKT token holders and actual investors because I am aware of token holders from BKB who are not privy to the information that you say has been made available to them?

I asked several questions to a token holder about the state of affairs related to betking but he did not know the answers citing lack of information from you. Once token holders have that information you cannot censor them, it is their decision what they choose to do with it (ie share it or make it public or not).

Even Cloudbet (which has a disastrous reputation) gave their wallet details when they were facing (rightly so) claims of scamming their users. That alleviated fear of many of their customers when allegations of insolvency were raised. You might be correct from your perspective about not wanting to give information out to non-investors but even those holding tokens do not have information too.

I will ask the token holder to ask you for the answers to the most important questions. Regardless of whether that person is in your good books or not he is a token holder and has a right to know the answers to any and all questions related to betking. Those answers just might shed a little light on matters.

You made no reference to the allegation you tried to dupe RHavar out a $1 million. I remember reading the original post in the Bustabit thread where he cited you were trying to talk him in to investing claiming you had mechanisms in place to protect investors crypto and now the amount has been stated so things are looking quite dire. Again it seems the evidence suggests you knew things were not going and were not going to improve soon (or ever) yet you tried to sell him an unbelievable story just to get him in to investing. Can you elaborate on this?

You also tried to raise phenomenal amounts of funds in another ICO for your "bitsafe crypto exchange" project a few months ago and made it clear betking would be closed and all BKB tokens would become bitsafe tokens. This information was not made available widely yet you still kept yout BKB investment link on betking while you were trying to raise money for the bitsafe ICO. Why?

The scam accusations were against token holders who bought tokens in ICO. So if I said investors at any time I'm usually meaning people who had BKB.
As said, can't reach them all but the majority (if you sum the total $ value of tokens I didn't own) all had this info and were kept up to date with changes.

If it's who I think it is it is someone who refuses to prove to me that he owned tokens and won't give me his BetKing username and so I can't prove he actually is a token holder and so I don't have to explain anything there.


That was a private conversation between someone I have spoken with frequently for 5 years and he thinks it's OK to just post things in a public forum. I have 5 years of chat logs with lots of personal info he has said to me in confidence. I would never dream of posting that here.
He can choose to believe if it was a scam attempt if he likes but it certainly wasn't.
We were discussing the act of loaning to others as a business (not me asking for a loan at that point).
He said he was open to it and then gave me the example of loaning me $1mm, I hadn't asked for any amount at that time.
Since he was open to the business of loaning and suggested the amount, I asked. I then suggested he could buy tokens instead. That would be like getting interest if I would have used it for BetKing and the token price went up due to any site profit increase.
He was adamant we had to get others involved in escrow and that I had to send him the exact same amount that he was loaning.
IMO that is not a loan. There was no point us just trading $1mm in btc for $1mm btc so I declined. I also don't trust anyone enough to escrow that amount, especially the people he suggested.
At that time there was no plan to change direction of the site or to change buyback model etc so there was 100% absolutely no intention to scam someone I trusted and considered a friend (even if it was just online).
Yet he posts private conversations in public that are no one's business and leaves red trust saying I scammed investors with no proof and the whole nonsense about stealing Bustabit. Note it was removed a few days after they started attacking and he still has red trust on my name.

That info was made available to every single token holder. I emailed them all personally or contacted as many on telegram and skype.
It was also posted on the website.

I'm sorry, but you were the first one to quote me out of context to justify pirating software -- to both the Crypto Gambling Foundation. You also repeatedly tried to push me into buying significant amounts of BKB right before canceling the buyback promise (the only thing giving them real value) right before promising you would not.


The way you acted there was disgusting. You were repeatedly told and asked that you were not allowed to use the code in a production (and commercial) site without paying the license fee (2 btc). Yet you ignored, deflected and did it anyway and then you decided to run it for a few more days to see how popular it would be before buying (something that was repeatedly were told was not allowed by the license).

But worse than that, (copyright violation is not that big of a deal in my books) you started lying about it. And then obfuscating the code and claiming it was a total rewrite. WTF? That's how a broke 14 year old runs a business.  And to the best of my knowledge you still have never apologized and paid Daniel his 2 bitcoin.


You're trying to pretend people are blaming you for running a failed business. You are blamed because you promised to personally buy back tokens for the purpose of exposing yourself to BTC. You were more than happy when it was going your way, but the second turns around you just cancel it for "business reasons". If we cut the bullshit, you had a moral obligation to buy back those tokens until the point of your personal bankruptcy.

Dunno. Maybe it helps you feel better about the millions you scammed? We both know your site has zero potential left, casinos live and die on trust. After screwing investors, canceling promotions, no rational person will play on your site (assuming they even find it buried under the listings for betking.com in the SERP)

Go and get me a list of all the people that think I scammed them with that decision and the amount of tokens they hold.
I think you will find it would be a small list. I know that it can't possibly be even 10-20% of all the tokens that were ever in circulation and I would wager that the majority of those don't think it's a scam and the rest probably didn't understand the old token or the new one.

Even better. Find me a single person who has lost money by buying BKB in the ICO.
One single person, that didn't decide to sell for less than the last buy back price since that would be their own choice.

There is not a single BKB holder who has lost money through me or BetKing
 

Sure it stands to reason if your policy is to not release that information to a non-token holder or somebody you cannot identify as a token holder then that is your decision regardless of what I or others think about it. The person I have in mind is a confirmed token holder.

One thing that certainly has happened in the recent past was that betking went from being a widely respected and widely used website to one that is a shadow of its former self and basically has no chance of attaining the heights of past glories.

After reading your posts I do have a degree of sympathy with you on certain issues and claims but right now they do not negate the problems with any general perception of betking. Some of your management/owner decisions have been disastrous and it seems by looking at how successful Primedice, Bustabit, Bustadice, Stake, Bitsler and several others are that betking will not make up lost ground.

Looking at the situation regarding LoyceV and his BKB holdings, it is a complete disaster that he was a token holder expecting to sell his tokens for around $700+ and was not aware of the situation regarding cancellation of the quarterly buy-back until after the event only to find his holdings worth just $8. I suggest that is at least one person that is not happy with their betking investment. You may cite it being business and business decisions have to be taken and that might well be true but the question has to come back full circle: why have the ICO tokens pegged to US$ instead of BTC?

In relation to the comments made by RHavar in this and the previous thread it seems several people came to side with him including owner/operators from other gaming sites. There have been several PR disasters for betking along the way:

* Trying to dupe RHavar in to private funding betking to the tune of $1 million
* Using the Crash software but not paying 2 BTC licence fee to devans - then blaming it on RHavar for the confusion
* The 20 BTC +EV Christmas 2018 Wager which was never paid out amid allegations of "mass cheating" but you never elaborated on what that means
* The betking 2017 ICO funds expenditure still shrouded in mystery

Personally I agree with RHavar that after you guaranteed the buy-back and your reputation at that time was solid, you should have bankrupted yourself if necessary in order to keep your word. I also agree with him when he says that betking has zero potential left. It will take a lot of money, effort and energy to try to lift betking but it is probably too late to save it - and if you really believed in it yourself you would not have tried to shut it down a few months ago in order to open your bitsafe crypto exchange.

It is when things like this happen (you not wanting to pay 2 BTC for licensed software) that questions arise about 1 BTC donation daily between 1st December 2017 to 25th December 2017. You had a golden opportunity to make phenomenal amounts of money and keep investors happy but the beginning of the end for betking started when you closed down in December 2016 with a view to having an ICO. That was designed primarily to bring you far more riches than you were making with other peoples bankroll.

What happens next? There is next to nothing in funding left and the website makes next to nothing in profit. One possibility would be to sell it and split the money between all investors that made less than 5% profit at the time they sold up. Other than that how can you turn it around make betking viable again?

On a personal level I find it hard to believe that 500 BTC, 2250 ETH & 425 were used for the bankroll and 500 BTC, 2250 ETH & 425 were used for marketing, promotions, SEO, design, development, server costs and legal. Keeping your own words in mind, with almost all of the bankroll gone on buy-backs there is NO way $3.25 million in 500 BTC, 2250 ETH & 425 were spent on marketing, promotions, SEO, design, development, server costs and legal because even the most incompetent business owner would not spend lavishly without care hence allegations of siphoning-off funds.

Why would it be okay to screw over 10-20% of token holders? If it's such a small amount, why didn't you continue the buy backs?

It's pretty easy to understand that I can only exchange my BKB tokens for something that's worth only 1%.

The owner/operator of betking did not reply to you here. Did he reply in a PM?

I mentioned earlier in a post I have a degree of sympathy for him but it does not negate his incompetence as a business owner/operator while playing with millions of US$ of other people money. The sympathy is purely because he is (and always was) way out of his depth when trying to manage betking. In the chase for instant riches he let this project slide in to oblivion essentially because of his own greed.





I am looking forward to reading his next set of replies before deciding on what I do next. To give him some credit, he addressed some of the points raised by those asking questions and it was a step in the right direction but he skipped past several important points raised and questions asked. His version of events for example about how he did not try to dupe RHavar is frankly hard to accept and his continuous avoiding/addressing points raised just add more red flags to any potential game player or investor betking might have.

Him not addressing the fact that he gave his word he would cover all losses for token holders even if BTC dropped to $1.

It seems he has used every excuse in the book to protect himself while allowing token holders to get the worst possible deal.

No, he told me by email a week ago that I can sell tokens at BetKing's exchange. The 1% is based on my math (https://bitcointalk.org/index.php?topic=5122856.0).

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I'd like to highlight this part, it surprises me. Without doing anything special, I can sell 200 BTC and withdraw 100,000 euro per day. And that's just at a local exchange. I haven't actually tested this (because I'm 200 BTC short), but that's not the point.
My point is: if I add a few more reputable international exchanges, it shouldn't be a problem to sell a few million worth of Bitcoin. Of course the bank would ask questions, but assuming everything is legit, that shouldn't be a problem.

Yes the part you highlight is completely correct. I would never have imagined "No bank would give me an account" as an excuse. His excuses are so wrong on so many fronts.

Here's some real comedy:



According to one estimate:


Or do you have a loophole  "They only lost bitcoin! Bitcoin is not money!"   ::)

I think the loophole is going to be that I didn't buy the tokens. But if that's the excuse, it means apparently some tokens are more equal than others.
I'm just speculating here, and would love to hear the real reason.

The claims are contradicting each other, if 600 Bitcoin was given back to token holders, a large share if the ico revenue was kept, and the remaining tokens are close to worthless, someone must have lost a lot of money!

I've heard in private from who have bought tokens and lost money, but it's not my place to name them (especially if they are angling to have Dean to privately honor the original terms of their sale).

But I do find it amusing the audacity of saying "no one lost money" after selling millions of dollars worth of tokens that went on to lose ~99% of their value and the majority (supposedly) were bought back at considerably under their sale price (i.e. when it was profitable for Dean to buy them back).


Yeah, none of it really makes sense. I wouldn't be surprised that if after canceling the buy-backs, Dean was the one buying large quantities at super-discounted prices on his own exchange. Then as he accumulates large amounts of BKB he can say he bought lots back, but only had to pay a fraction of the "face value". And then he can blame investors for panic selling ("not my fault if they sold for really cheap!")

He can use loopholes all he likes, he clearly stated all token holders can ask about the state of the funds related to the ICO regardless if they were purchased or not. You have a right to ask him any question as much as anybody else and since you were there since the ICO days you have a right to know should you wish. In this case all BKB token holders are entitled by his own statements to know anything they like as he claims to have shared expenditure information with all token BKB holders though it would not apply to BKT token holders.

Why on earth would he use 600 BTC of the bankroll funds to buy-back BKB tokens? That was a pathetic management decision and I would like to know how many of those BKB were his personal tokens because what cannot be discounted from the options is that he took that step to line his own pockets. I would not put it past him by looking at his history.

And since that step was taken completely out of line with the ICO promises, why did he do it instead of using the other option which was to use the other 50% of ICO funds for "other" things? Why choose the bankroll to funds buy-backs instead of the 50% that was to be used for "marketing, promotions, SEO, design, development, server costs and legal"? Why choose one of the other in that order when there was no need to do anything except let business hopefully pick up and see profits increase? Why choose to decrease the bankroll to a fraction of that 50% that it should be when the site would collapse without a bankroll?

in previous posts he mentioned he bought back between 70% and 90% of BKB tokens but just yesterday he mentioned for the first time he used 600 BTC of the bankroll to do it. That is either pure mismanagement and incompetence on his part or it is possibly a calculated step in order to sell off his own BKB tokens in the process to line his own pockets.

Personally I would cite that he is a compulsive liar and a highly immature person judging by the tantrums he throws BUT there is no doubt about it in my mind he certainly made a lot of money off the back of the 2017 ICO and at least from some of the 50% that was supposed to be used for "marketing, promotions, SEO, design, development, server costs and legal". Add to that the temptation for a greedy individual such as him to see that massive bankroll and not be tempted to take some? I would not put it past him.

So why are the current BKT tokens and the previous BKB tokens almost worthless? Where have the ICO funds gone?

You as a token holder from the ICO days have a right to ask him. Please do and tell us the answers he gives you.

Lol, just as expected, there it is:

Your BKB tokens allow you to have access to information that scammer Dean Nolan will not provide to other investors and non-investors

Your tokens are not "lesser than other tokens" just because you received them in bounty.

You should ask that scammer Dean Nolan about how much bankroll remains and how much of the 50% of the ICO funds that were supposed to be used for "marketing, promotions, seo, design, development, server costs and legal"

And of course the main question about how many of the tokens bought in the buy-back with the 600 BTC actually belonged to investors and hoe many belonged to scammer Dean Nolan

Proof?

Are you the mining director or how do you know? :D

I can send you a few tokens so you can ask Dean for all kinds of information.

 ;D

That scammer Dean Nolan would prefer his betking website house of cards to burn and crash down all around but he would never give me any information because he knows I am building a case against him to hand the the UK Police (Scotland Sheriff)

If anybody has the original 2017 whitepaper for the ICO please let me know because it will make up a crucial part of the evidence against scammer Dean Nolan if the UK Police (Scotland Sheriff) decide to prosecute.

Is that you game-protect?

Serial scammer Dean Nolan is using the Crash game on his scam betking website without paying the 2 BTC licence fee to the software owner.

Recently the betking logged-in user numbers has dropped to around just 10 so hopefully more and more people are getting to learn about the betking scam and its serial scammer owner Dean Nolan.

It is better for people to use Stake, Primedice, Bustabit or Bustadice than to use the betking scam website.

i don't think this is the whitepaper but it shows the original distribution and promises he made.
http://web.archive.org/web/20171127111238/https://bitcointalk.org/index.php?topic=2053407.0

i would love to see this scammer prosecuted.

It's absolutely not the whitepaper but it has information anyway. Can't find the original whitepaper lol or there was no actual whitepaper, I don't really remember.

But I love how @JollyGood fight against scammers. You are helping this forum so much, and protect people from loss.

A typical approach for people who are losing an argument is to redirect the topic and attention to something completely irrelevant from what is being discussed.

Blanket statements, along with ad-hominem attacks, are great at disrupting discourse. The only problem is: there has to be useful discourse in the first place to disrupt.

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A turncoat affair against virtue aware; ignorance or mal-intent, with great enough disarray the two are of no difference.

Yes it is not the whitepaper but there is already lots of information backed up and saved to use in any possible criminal case against serial scammer Dean Nolan.

There are many like you that would be so happy to see serial scammer Dean Nolan prosecuted in a Court of law.

Whitepaper you say? Then check this out; https://betking.io/whitepaper.pdf

I cant see the old one yet this WP is on that EOS thing they have recently.

Thank you for the link but that is the post ICO whitepaper for the EOS BKT token scam that serial scammer Dean Nolan cooked up.

I recently received information that there was no whitepaper.pdf for the 2017 ICO but instead a series of promises that serial scammer Dean Nolan made.

That makes sense as to why nobody provided one :)

Even checking out their bounty thread which there should be supposed to have that Whitepaper translation but i failed to search it out.Does it mean there no
WP created on the first place?If its true then we do already know what does it mean.

Yes there was no whitepaper in pdf format for the 2017 betking ICO.

The whole series of promises about what serial scammer Dean Nolan would do with the betking ICO funds are widely available online and the fact he failed to deliver on almost every promise is there fore everybody to see.

After long time of holding BKB cons i dint find anything profit finally it was listed in Hitbtc sold that after that i never look back . Good that i sold this coins on earlier days even for loss it was good decision . This guy completely failed to deliver promises.

http://i65.tinypic.com/w1v71l.png

Look at this pathetic imbecile known as serial scammer Dean Nolan.

First he complains saying Bitcointalk forum is full of liars and scammers and trolls and says that is a dying forum with little influence and nothing else. Then he offers bounty to fools that post here promoting his betking scam. When we expose his about that, he then removes it from his betking website but continues to ask people to post here in the forum promoting betking propaganda for positive exposure.

Serial scammer Dean Nolan is truly a low life imbecile.

You made an excellent decision to cash-in before the disaster set in because of the greed that clouded serial scammer Dean Nolan. Yes you are right, he completely failed to deliver on promises but the reason was because he wanted to maximise his own gain while others made losses.

Serial scammer Dean Nolan stole the bankroll funds to keep his promise of quarterly buy-backs but it was just a front to receive funds for the 30 million BKB tokens he stole from the 100 million created in the 2017 betking ICO.

This act of pure greed and complete incompetence virtually brought betking to its knees.

Scammers are getting more sophisticated but it also makes those of us exposing them more determined to succeed to.

This isnt how a gambling site owner would make some words against its competitors.It do shows unprofessional behavior

where he do only think up on his own site and saying possible faking of stats without even have the solid proofs.It turns out that he's
too desperate.

http://i65.tinypic.com/w1v71l.png




Yes the attempts and desperation by serial scammer Dean Nolan to get rich using scam techniques ensuring investors lost their money or investors could not maximise their profits - shows he is not only completely unprofessional but totally pathetic.

Slandering competitors and stealing from investors and not paying winners their wins is about as low as serial scammer Dean Nolan could get.

If the owner really act in that way, but why he acting like unprofessional behavior and others said that the owner and sites is just a liar & scam.

Serial scammer Dean Nolan did it because he is jealous of the success of Bustabit, Bustadice, Stake, Primedice and others.

His own betking trash has hit rock bottom and will never be capable of taking on the big casinos. The demise of betking is down to the greed serial scammer Dean Nolan had making himself a millionaire at the expense of gullible investors.

And it's made to look like people are using Betking (https://betking.io/) but I'm sure that it's not! It's just 5 or 6 names being scrolled in a steady pace with random numbers that are mostly green... like there's any casino which 90% of its customers' are winners!
Scrap that... it's showing about 99% of the players having profit!

That's indeed an obvious scam, only a little effort was put to cover it! I mean, they could have put a javascript file that would locally spit random names and values, but when I tried to disable my internet to see if it'd keep updating it surprisingly stopped updating! I then tried to use my phone and in both screens there were the same results, so at least they've build an automatic system in their server for this purpose! ;D

Thank you for your observation. It highlights the reality behind serial scammer Dean Nolan and his motives driven by greed at all costs.

The betking website has been struggling, it is just about "alive" and there was recently a consideration by some investors to take joint legal action against serial scammer Dean Nolan. I hope that consideration becomes a reality and they decide to take this pathetic imbecile Dean Nolan to court with a view to recover the funds he stole from the 2017 ICO and also after that.

If there is a donation fund to help pay for the court case I will definitely donate. I will also gladly help supply some files which might be able to have an impact in a court in the UK which is where serial scammer Dean Nolan is based.

On the other hand, because I want to be fair... There's a chance that the system is coded to only showing the winning outcomes and a few loses by time to time.

But even if it's not a fake feed, calling it "Recent bets" when in fact it's "Recent wining bets" is still wrong.

There is no doubt regardless of the specifics about the 99% players showing as having profit or not, the fact remains betking was used as a vehicle by its owner serial scammer Dean Nolan to scam investors and game players alike.

I think there is a limit to being aggressive towards them as well. I mean we all know that they are running a casino that looks
illegitimate but why we think like that plays more important role than actually attacking them at all costs. For example lets assume no one likes them, but is it because they have a high house edge? Or is it they are not provably fair? Is it because we can't check if they actually have what they say they have?

Is it because their ICO was not what was promised? We need to make clear distinctions between why we think they are not fair and what we think they have fair.

Personally I do not like them because they fail to deliver their own promises to the investors, I do not think their house edge is a scam, I do not think they are not provably fair (not like nobody said they were) so if we can make that clear then they would have to answer to those allegations.

For me it is very clear to make a distinction between each of the things you mentioned and for everybody can see them.

Serial scammer Dean Nolan has a host of allegations against him. The website has a disastrous reputation thanks to him because of the 30 million 2017 ICO tokens theft and not fulfilling any of the ICO promises as well as scamming winners of the 2018 Christmas wager content by not paying them.

The list goes on but most important of all there is a clear distinction between serial scammer Dean Nolan and betking as well as not like them based on their own non-merits and failures.

Serial scammer Dean Nolan claims extortionists and trolls made false accusations. If an extortionist was involved what did they try to extortion out of him?

If extortionists are involved serial scammer Dean Nolan should involve the police but he is an imbecile and disgusting liar.

Serial scammer Dean Nolan is getting more active on the censored thread. Looks like he is going to burn more EOS BKT tokens to increase his own stake in betking  ::)


https://bitcointalk.org/index.php?topic=5119013.msg52014139#msg52014139

As recent as yesterday the serial scammer Dean Nolan is continuing to use this forum to post propaganda about his scam betking website even though he recently said he would leave and never return here because he said "this forum was a cesspit of trolls" and said a lot worse.

Beware of serial scammer Dean Nolan and his betking scam

Posting here because serial scammer will delete it from his censored scam thread:




I agree with the sentiments expressed.

Here was another very important post from the day this serial scammer imbecile Dean Nolan was put firmly in his place