Bitcoin Forum

Economy => Scam Accusations => Topic started by: LoyceV on March 20, 2019, 05:40:26 PM



Title: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 20, 2019, 05:40:26 PM
I've postponed creating this thread for quite a few months now, because the evidence is scattered over several long topics. There's literally too much posted to go through in a timely manner.
Therefore, I welcome adding more information, but please provide quotes with links to support all claims.

Accounts involved
BetKing.io (https://bitcointalk.org/index.php?action=profile;u=565024) (Trust: (https://bitcointalk.org/index.php?action=trust;u=565024) !!!:  +2 / =2 / -8) (10 Merit earned (http://loyce.club/Merit/history/565024.html)) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/565024.html)) (BPIP (https://bpip.org/profile.aspx?p=BetKing.io))
BetKing Support (https://bitcointalk.org/index.php?action=profile;u=1055046) (Trust: (https://bitcointalk.org/index.php?action=trust;u=1055046) !!!:  +0 / =0 / -7) (1 Merit earned (http://loyce.club/Merit/history/1055046.html)) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/1055046.html)) (BPIP (https://bpip.org/profile.aspx?p=BetKing Support))
PocketRocketsCasino (https://bitcointalk.org/index.php?action=profile;u=97219) (Trust: (https://bitcointalk.org/index.php?action=trust;u=97219) !!!:  +2 / =1 / -7) (0 Merit earned) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/97219.html)) (BPIP (https://bpip.org/profile.aspx?p=PocketRocketsCasino))
dean nolan (https://bitcointalk.org/index.php?action=profile;u=941114) (Trust: (https://bitcointalk.org/index.php?action=trust;u=941114) !!!:  +0 / =0 / -6) (0 Merit earned) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/941114.html)) (BPIP (https://bpip.org/profile.aspx?p=dean nolan))
Update: Dean created another account:
Betking Manager (https://bitcointalk.org/index.php?action=profile;u=3364966)

Flags against these accounts
Quote
41 Active. (https://bitcointalk.org/index.php?action=trust;flag=41) (Support (https://bitcointalk.org/index.php?action=trust;flag=41;support) | Oppose (https://bitcointalk.org/index.php?action=trust;flag=41;oppose)) LoyceV (http://loyce.club/trust/flags/personal/459836.html) flagged BetKing.io (http://loyce.club/trust/flags/personal/565024.html) (type 3, see why (https://bitcointalk.org/index.php?topic=5122856.0)). Supported by malevolent (http://loyce.club/trust/flags/personal/23092.html), Hueristic (http://loyce.club/trust/flags/personal/198573.html), suchmoon (http://loyce.club/trust/flags/personal/234771.html), owlcatz (http://loyce.club/trust/flags/personal/313016.html), LFC_Bitcoin (http://loyce.club/trust/flags/personal/379487.html), RHavar (http://loyce.club/trust/flags/personal/389331.html), SyGambler (http://loyce.club/trust/flags/personal/405889.html), LoyceV (http://loyce.club/trust/flags/personal/459836.html), examplens (http://loyce.club/trust/flags/personal/314792.html), dbshck (http://loyce.club/trust/flags/personal/153634.html), Avirunes (http://loyce.club/trust/flags/personal/175302.html), nutildah (http://loyce.club/trust/flags/personal/317618.html), actmyname (http://loyce.club/trust/flags/personal/465017.html), franckuestein (http://loyce.club/trust/flags/personal/225121.html), marlboroza (http://loyce.club/trust/flags/personal/787736.html), bones261 (http://loyce.club/trust/flags/personal/452769.html), Lafu (http://loyce.club/trust/flags/personal/805820.html), Lutpin (http://loyce.club/trust/flags/personal/520313.html), Hhampuz (http://loyce.club/trust/flags/personal/881377.html), Last of the V8s (http://loyce.club/trust/flags/personal/479624.html), crwth (http://loyce.club/trust/flags/personal/914465.html), bob123 (http://loyce.club/trust/flags/personal/579628.html), Murat (http://loyce.club/trust/flags/personal/815246.html), TwitchySeal (http://loyce.club/trust/flags/personal/538922.html), JollyGood (http://loyce.club/trust/flags/personal/1016855.html), El duderino_ (http://loyce.club/trust/flags/personal/1067333.html), Royse777 (http://loyce.club/trust/flags/personal/366632.html), teeGUMES (http://loyce.club/trust/flags/personal/307884.html), o_e_l_e_o (http://loyce.club/trust/flags/personal/1188543.html), TheBeardedBaby (http://loyce.club/trust/flags/personal/1291828.html), coinlocket$ (http://loyce.club/trust/flags/personal/1339716.html), asche (http://loyce.club/trust/flags/personal/1580039.html), Coolcryptovator (http://loyce.club/trust/flags/personal/1980983.html), DireWolfM14 (http://loyce.club/trust/flags/personal/2003859.html), morvillz7z (http://loyce.club/trust/flags/personal/1825672.html), JSRAW (http://loyce.club/trust/flags/personal/1210969.html), TalkStar (http://loyce.club/trust/flags/personal/2136362.html), YOSHIE (http://loyce.club/trust/flags/personal/2363935.html), notblox1 (http://loyce.club/trust/flags/personal/2015418.html), BayAreaCoins (http://loyce.club/trust/flags/personal/137773.html), Timelord2067 (http://loyce.club/trust/flags/personal/131361.html), Quickseller (http://loyce.club/trust/flags/personal/358020.html), johhnyUA (http://loyce.club/trust/flags/personal/623643.html), FFrankie (http://loyce.club/trust/flags/personal/408367.html), TheUltraElite (http://loyce.club/trust/flags/personal/878630.html), Text (http://loyce.club/trust/flags/personal/807536.html), wwzsocki (http://loyce.club/trust/flags/personal/131333.html), Joel_Jantsen (http://loyce.club/trust/flags/personal/560412.html), IconFirm (http://loyce.club/trust/flags/personal/841288.html), TGD (http://loyce.club/trust/flags/personal/557546.html), cissrawk (http://loyce.club/trust/flags/personal/935741.html), ChuckBuck (http://loyce.club/trust/flags/personal/207430.html), Yudhisthir (http://loyce.club/trust/flags/personal/1059240.html), pandukelana2712 (http://loyce.club/trust/flags/personal/1304130.html), PrimeNumber7 (http://loyce.club/trust/flags/personal/2561166.html), Lassie (http://loyce.club/trust/flags/personal/1202244.html), lighpulsar07 (http://loyce.club/trust/flags/personal/880374.html), nullius (http://loyce.club/trust/flags/personal/976210.html), s0lidus (http://loyce.club/trust/flags/personal/903644.html), N0sferatu (http://loyce.club/trust/flags/personal/2542787.html), elmanchez (http://loyce.club/trust/flags/personal/2553198.html), izooomrud (http://loyce.club/trust/flags/personal/2407896.html), leventturksoy (http://loyce.club/trust/flags/personal/686780.html), ChemicalSpillage (http://loyce.club/trust/flags/personal/2627094.html), Donatelli (http://loyce.club/trust/flags/personal/2718779.html), thecatinc (http://loyce.club/trust/flags/personal/2814075.html), okdevin (http://loyce.club/trust/flags/personal/2606421.html). Opposed by  BillyBurns (http://loyce.club/trust/flags/personal/889399.html), NikS13 (http://loyce.club/trust/flags/personal/869532.html), attilla82 (http://loyce.club/trust/flags/personal/1960020.html), CrankyAnt (http://loyce.club/trust/flags/personal/2629833.html).

42 Active. (https://bitcointalk.org/index.php?action=trust;flag=42) (Support (https://bitcointalk.org/index.php?action=trust;flag=42;support) | Oppose (https://bitcointalk.org/index.php?action=trust;flag=42;oppose)) LoyceV (http://loyce.club/trust/flags/personal/459836.html) flagged BetKing Support (http://loyce.club/trust/flags/personal/1055046.html) (type 3, see why (https://bitcointalk.org/index.php?topic=5122856.0)). Supported by malevolent (http://loyce.club/trust/flags/personal/23092.html), Hueristic (http://loyce.club/trust/flags/personal/198573.html), suchmoon (http://loyce.club/trust/flags/personal/234771.html), LFC_Bitcoin (http://loyce.club/trust/flags/personal/379487.html), LoyceV (http://loyce.club/trust/flags/personal/459836.html), examplens (http://loyce.club/trust/flags/personal/314792.html), dbshck (http://loyce.club/trust/flags/personal/153634.html), Avirunes (http://loyce.club/trust/flags/personal/175302.html), actmyname (http://loyce.club/trust/flags/personal/465017.html), franckuestein (http://loyce.club/trust/flags/personal/225121.html), marlboroza (http://loyce.club/trust/flags/personal/787736.html), bones261 (http://loyce.club/trust/flags/personal/452769.html), Lafu (http://loyce.club/trust/flags/personal/805820.html), Hhampuz (http://loyce.club/trust/flags/personal/881377.html), Last of the V8s (http://loyce.club/trust/flags/personal/479624.html), bob123 (http://loyce.club/trust/flags/personal/579628.html), JollyGood (http://loyce.club/trust/flags/personal/1016855.html), El duderino_ (http://loyce.club/trust/flags/personal/1067333.html), Royse777 (http://loyce.club/trust/flags/personal/366632.html), teeGUMES (http://loyce.club/trust/flags/personal/307884.html), o_e_l_e_o (http://loyce.club/trust/flags/personal/1188543.html), TheBeardedBaby (http://loyce.club/trust/flags/personal/1291828.html), coinlocket$ (http://loyce.club/trust/flags/personal/1339716.html), asche (http://loyce.club/trust/flags/personal/1580039.html), DireWolfM14 (http://loyce.club/trust/flags/personal/2003859.html), morvillz7z (http://loyce.club/trust/flags/personal/1825672.html), JSRAW (http://loyce.club/trust/flags/personal/1210969.html), fillippone (http://loyce.club/trust/flags/personal/1852120.html), TalkStar (http://loyce.club/trust/flags/personal/2136362.html), Timelord2067 (http://loyce.club/trust/flags/personal/131361.html), Quickseller (http://loyce.club/trust/flags/personal/358020.html), TheUltraElite (http://loyce.club/trust/flags/personal/878630.html), IconFirm (http://loyce.club/trust/flags/personal/841288.html), cissrawk (http://loyce.club/trust/flags/personal/935741.html), PrimeNumber7 (http://loyce.club/trust/flags/personal/2561166.html), nullius (http://loyce.club/trust/flags/personal/976210.html), N0sferatu (http://loyce.club/trust/flags/personal/2542787.html), izooomrud (http://loyce.club/trust/flags/personal/2407896.html). Opposed by nobody.

43 Active. (https://bitcointalk.org/index.php?action=trust;flag=43) (Support (https://bitcointalk.org/index.php?action=trust;flag=43;support) | Oppose (https://bitcointalk.org/index.php?action=trust;flag=43;oppose)) LoyceV (http://loyce.club/trust/flags/personal/459836.html) flagged PocketRocketsCasino (http://loyce.club/trust/flags/personal/97219.html) (type 3, see why (https://bitcointalk.org/index.php?topic=5122856.0)). Supported by malevolent (http://loyce.club/trust/flags/personal/23092.html), Hueristic (http://loyce.club/trust/flags/personal/198573.html), suchmoon (http://loyce.club/trust/flags/personal/234771.html), LFC_Bitcoin (http://loyce.club/trust/flags/personal/379487.html), LoyceV (http://loyce.club/trust/flags/personal/459836.html), examplens (http://loyce.club/trust/flags/personal/314792.html), dbshck (http://loyce.club/trust/flags/personal/153634.html), Avirunes (http://loyce.club/trust/flags/personal/175302.html), actmyname (http://loyce.club/trust/flags/personal/465017.html), franckuestein (http://loyce.club/trust/flags/personal/225121.html), bones261 (http://loyce.club/trust/flags/personal/452769.html), Lafu (http://loyce.club/trust/flags/personal/805820.html), Hhampuz (http://loyce.club/trust/flags/personal/881377.html), Last of the V8s (http://loyce.club/trust/flags/personal/479624.html), bob123 (http://loyce.club/trust/flags/personal/579628.html), JollyGood (http://loyce.club/trust/flags/personal/1016855.html), Royse777 (http://loyce.club/trust/flags/personal/366632.html), subSTRATA (http://loyce.club/trust/flags/personal/68036.html), teeGUMES (http://loyce.club/trust/flags/personal/307884.html), o_e_l_e_o (http://loyce.club/trust/flags/personal/1188543.html), TheBeardedBaby (http://loyce.club/trust/flags/personal/1291828.html), coinlocket$ (http://loyce.club/trust/flags/personal/1339716.html), asche (http://loyce.club/trust/flags/personal/1580039.html), DireWolfM14 (http://loyce.club/trust/flags/personal/2003859.html), morvillz7z (http://loyce.club/trust/flags/personal/1825672.html), TalkStar (http://loyce.club/trust/flags/personal/2136362.html), BayAreaCoins (http://loyce.club/trust/flags/personal/137773.html), Timelord2067 (http://loyce.club/trust/flags/personal/131361.html), Quickseller (http://loyce.club/trust/flags/personal/358020.html), TheUltraElite (http://loyce.club/trust/flags/personal/878630.html), IconFirm (http://loyce.club/trust/flags/personal/841288.html), cissrawk (http://loyce.club/trust/flags/personal/935741.html), PrimeNumber7 (http://loyce.club/trust/flags/personal/2561166.html), nullius (http://loyce.club/trust/flags/personal/976210.html), N0sferatu (http://loyce.club/trust/flags/personal/2542787.html), izooomrud (http://loyce.club/trust/flags/personal/2407896.html). Opposed by nobody.

44 Active. (https://bitcointalk.org/index.php?action=trust;flag=44) (Support (https://bitcointalk.org/index.php?action=trust;flag=44;support) | Oppose (https://bitcointalk.org/index.php?action=trust;flag=44;oppose)) LoyceV (http://loyce.club/trust/flags/personal/459836.html) flagged dean nolan (http://loyce.club/trust/flags/personal/941114.html) (type 3, see why (https://bitcointalk.org/index.php?topic=5122856.0)). Supported by malevolent (http://loyce.club/trust/flags/personal/23092.html), Hueristic (http://loyce.club/trust/flags/personal/198573.html), suchmoon (http://loyce.club/trust/flags/personal/234771.html), LFC_Bitcoin (http://loyce.club/trust/flags/personal/379487.html), LoyceV (http://loyce.club/trust/flags/personal/459836.html), examplens (http://loyce.club/trust/flags/personal/314792.html), dbshck (http://loyce.club/trust/flags/personal/153634.html), Avirunes (http://loyce.club/trust/flags/personal/175302.html), nutildah (http://loyce.club/trust/flags/personal/317618.html), actmyname (http://loyce.club/trust/flags/personal/465017.html), franckuestein (http://loyce.club/trust/flags/personal/225121.html), marlboroza (http://loyce.club/trust/flags/personal/787736.html), bones261 (http://loyce.club/trust/flags/personal/452769.html), Lafu (http://loyce.club/trust/flags/personal/805820.html), Lutpin (http://loyce.club/trust/flags/personal/520313.html), Hhampuz (http://loyce.club/trust/flags/personal/881377.html), Last of the V8s (http://loyce.club/trust/flags/personal/479624.html), bob123 (http://loyce.club/trust/flags/personal/579628.html), JollyGood (http://loyce.club/trust/flags/personal/1016855.html), El duderino_ (http://loyce.club/trust/flags/personal/1067333.html), Royse777 (http://loyce.club/trust/flags/personal/366632.html), teeGUMES (http://loyce.club/trust/flags/personal/307884.html), o_e_l_e_o (http://loyce.club/trust/flags/personal/1188543.html), TheBeardedBaby (http://loyce.club/trust/flags/personal/1291828.html), coinlocket$ (http://loyce.club/trust/flags/personal/1339716.html), asche (http://loyce.club/trust/flags/personal/1580039.html), DireWolfM14 (http://loyce.club/trust/flags/personal/2003859.html), morvillz7z (http://loyce.club/trust/flags/personal/1825672.html), TalkStar (http://loyce.club/trust/flags/personal/2136362.html), Timelord2067 (http://loyce.club/trust/flags/personal/131361.html), Quickseller (http://loyce.club/trust/flags/personal/358020.html), TheUltraElite (http://loyce.club/trust/flags/personal/878630.html), IconFirm (http://loyce.club/trust/flags/personal/841288.html), cissrawk (http://loyce.club/trust/flags/personal/935741.html), PrimeNumber7 (http://loyce.club/trust/flags/personal/2561166.html), nullius (http://loyce.club/trust/flags/personal/976210.html), N0sferatu (http://loyce.club/trust/flags/personal/2542787.html), izooomrud (http://loyce.club/trust/flags/personal/2407896.html), thecatinc (http://loyce.club/trust/flags/personal/2814075.html). Opposed by nobody.

2810 Active. (https://bitcointalk.org/index.php?action=trust;flag=2810) (Support (https://bitcointalk.org/index.php?action=trust;flag=2810;support) | Oppose (https://bitcointalk.org/index.php?action=trust;flag=2810;oppose)) LoyceV (http://loyce.club/trust/flags/personal/459836.html) flagged Betking Manager (http://loyce.club/trust/flags/personal/3364966.html) (type 3, see why (https://bitcointalk.org/index.php?topic=5122856.0)). Supported by LoyceV (http://loyce.club/trust/flags/personal/459836.html), Slow death (http://loyce.club/trust/flags/personal/783422.html), witcher_sense (http://loyce.club/trust/flags/personal/1433865.html), Jawhead999 (http://loyce.club/trust/flags/personal/2578892.html), icopress (http://loyce.club/trust/flags/personal/1137579.html), $crypto$ (http://loyce.club/trust/flags/personal/549786.html), psycodad (http://loyce.club/trust/flags/personal/430390.html). Opposed by nobody.
(source: loyce.club (https://loyce.club/trust/flags/427.html) 2021-08-06 Fri 19.26h)

Topics involved
BetKing.io - ICO - $4.7 million raised, last week to take part! (https://bitcointalk.org/index.php?topic=1842538.0)
[ANN][ICO][BKB] BetKing Bankroll Token - Tokens distributed to your account (https://bitcointalk.org/index.php?topic=2053407.0) (archived (https://archive.is/ahmNI))
BetKing.io - Invest commission lowered to 10%! (https://bitcointalk.org/index.php?topic=5023833.0) (archived (https://archive.is/9ufs2))
(incomplete list)

Scam accusation
I'll stick to the main thing: BetKing.io broke it's ICO promise. The BKB-token was supposed to be tied to a dollar value, with quarterly buybacks.
Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.
(archived (https://archive.is/ahmNI#selection-953.0-953.105))
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.
I'm not sure when exactly the buybacks stopped (and my Withdrawal History was removed). I don't think it was officially announced on Bitcointalk, so my estimate is the last buyback happened around a year ago.
I kept BKB tokens as a hedge against Bitcoin price drops, organized by the very trustworthy guy who previously returned 6000 BTC to investors. When Bitcoin was rising, BetKing was gladly buying back tokens each quarter at lower and lower Bitcoin prices.

BetKing's defense is stating that they spent 600 BTC buying back tokens, which I can't verify but it's irrelevant for my case anyway. I have nothing to do with other people's buy backs.
What I can verify though, is that a large amount of ICO money wasn't returned to token holders:
Total funds raised:
1,046.60623397 BTC
4,614.61055431 ETH
833.38469263 LTC
Total: $6,497,165.94
(archived (https://archive.is/bdQUm#selection-7313.0-7308.13))
So when I changed to this model I owned 70% of all BKB
(archived (https://archive.is/JNVxY#selection-7693.0-7693.54))

I have 7278 BKB left, which (at $0.099 per BKB) was supposed to be worth just over $700. The last time BKB was traded for Bitcoin on betking.io's own exchange, it would have been worth around $2 in total.
Currently, the only option is to exchange 1 BKB for 20 BKT. BetKing claims hourly buy backs, but that's only with a part of the profit, at the rate on their own exchange. It doesn't do justice to the dollar value it was supposed to have.

https://betking.io/exchange doesn't have any buy orders at BTC-BKT. There are buy orders at LTC-BKT, with the last price being 0.000001 LTC per BKT.
That means my 7278 BKB are worth 145563 BKT which is worth 0.145 LTC which equals $8.21. That's close to a 99% drop from the fixed pegged in dollar price BetKing guaranteed at it's ICO.
I should have been able to sell back 10% quarterly at a rate pegged in dollar, meaning around $70 for the first quarter, $63 the next quarter and so on.

There's much more
There was also controversy over canceling the bounty program (https://bitcointalk.org/index.php?topic=2053418.0) (which was understandable), new games that were promised but never created, ICO money that wasn't used as bankroll as promised, a "may or may not have happened" 25 BTC donation to charity, a wagering contest that wasn't paid, software piracy instead of buying a 2 BTC licence, removing all affiliates, and probably much more. I welcome links here to add those to the list.
On top of all this, they're now trying another ICO with a 10 times larger market cap.
In the recent BetKing EOS Airdrop (https://medium.com/@BetKingIO/betking-eos-airdrop-whitepaper-f2834324d57c), they airdropped 3 times more tokens to EOS-holders than they sold in the entire first ICO (which was worth close to $6.5M at the time). BKB went from "being worth the entire company" to "being worth only a fraction of the company".

The guaranteed BKB buy backs were supposed to lead to scarcity, and thus an increase in price. Instead, BetKing is now strongly diluting the tokens by issuing new tokens and making a token swap the only option.

Tags
The accounts involved have red tags already, but not yet from me. I want opinions first, and if any DT decides to tag them based on this topic, I'll tag them too.


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: suchmoon on March 20, 2019, 05:52:03 PM
The accounts involved have red tags already, but I haven't tagged them yet. I want opinions first, and if any DT decides to tag them based on this topic, I'll tag them too.

RHavar is DT.

I didn't have enough time to review everything yet but from what I've seen in the BetKing thread and in your excellent summary it looks like a bona fide scam.


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 20, 2019, 05:54:04 PM
The accounts involved have red tags already, but I haven't tagged them yet. I want opinions first, and if any DT decides to tag them based on this topic, I'll tag them too.
RHavar is DT.
I know :) What I meant is: if any new tags are placed because of this topic, I'll add one too.

Quote
I didn't have enough time to review everything yet but from what I've seen in the BetKing thread and in your excellent summary it looks like a bona fide scam.
Thanks! It still feels 90% incomplete though.


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 21, 2019, 12:19:27 AM
An excellent post which hits most of the key notes.

In most cases ICOs in general lead to dictatorships where site operators hold all the keys and all the information at the same time and they never allow any form of scrutiny. In most but not all cases it is because money, power and greed gets to their head. Had the owner/operator of betking been more transparent then maybe a lot of this could have been avoided because of the strength that scrutiny gives to investors and spectators alike.

What happened with the spectacular collapse in value of your BKB tokens is a stain on the lack of business acumen on part of the owner/operator of betking. That type of mismanagement in any walk of life would mean a resignation or a sacking with no chance of ever being allowed back in to the fold but here the opposite is happening.

Right now the biggest problem I see is what you highlighted earlier:

Total funds raised:
1,046.60623397 BTC
4,614.61055431 ETH
833.38469263 LTC
Total: $6,497,165.94
(archived (https://archive.is/bdQUm#selection-7313.0-7308.13))
So when I changed to this model I owned 70% of all BKB
(archived (https://archive.is/JNVxY#selection-7693.0-7693.54))

If $6.5 million was raised in the ICO and if 50% of all funds raised were to go to fund the bankroll and the owner/operator claims he used 600 BTC directly from the bankroll funds to buy up to 70% of tokens, then how much of the bankroll remains?

Where is the other 50% of the funds? It is hard to believe that $3.25 million has just been spent on what was stated earlier by the owner/operator:

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).


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: The Cryptovator on March 21, 2019, 07:11:46 AM
Seems RHavar left both feedback's, negative and positive. How is it possible? Can someone trust and distrust same time? Any one feedback's should revise by the way.

OP accusation is valid, I wasn't on the forum when they had ran their ICO. I mean it's too old story and I am not much aware about their history.

What I got from OP that, Betking turn into silent scammer. According to OP his token almost worthless. They are not listed on any other exchange, I can't find on CMC. It just turn into scam like Bitconnect.

I can see them on 2 exchange with strange volume.

https://i.imgur.com/obf0PQB.jpg   (https://www.coingecko.com/en/coins/betking-token)


Consultation: They deserve tag since they scammed their investors. They broke ICO promise and didn't care about their investors.

But I am not going to tag till I discover full story behind of Betking.



Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 21, 2019, 10:42:04 AM
Seems RHavar left both feedback's, negative and positive. How is it possible? Can someone trust and distrust same time? Any one feedback's should revise by the way.

The dates speak volumes along with the comments. It shows a comment in 2016 saying the truth at the time. Then it shows a comment for 2019 saying the truth at the time. You might not be able to trust and distrust somebody at the same time but it might well be possible to trust someone in 2016 and not trust them at all in 2019. Why is that difficult to comprehend?

RHavar   2016-12-31
Ran betking.io that accepted bankroll investments, was trusted with thousands of bitcoin and has returned them (with considerable profit)

RHavar   2019-03-14 https://bitcointalk.org/index.php?topic=910134.msg48375092#msg48375092
Scammed investors, and prior to doing so tried to personally scam me for a very large sum (ref link). See also: https://bitcointalk.org/index.php?topic=2897545.msg47592095#msg47592095


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 21, 2019, 11:28:54 PM
But I am not going to tag till I discover full story behind of Betking.
You'll have a lot of reading to do, and part of the evidence has been edited.



When out of arguments, BetKing choose to leave fake negative feedback:
http://i67.tinypic.com/11w6epw.gif
Come on Dean, I'm disappointed! Did I hit a nerve? Please elaborate on what you claim to be a lie. Maybe you're confused, the part about the guaranteed buy backs was your lie, not mine.

I'm not going to lower myself to leave retaliation feedback, but this didn't change:
Tags
The accounts involved have red tags already, but not yet from me. I want opinions first, and if any DT decides to tag them based on this topic, I'll tag them too.
If any DT tags him, I'll add a tag to make the account -14.


Title: Re: [scam accusation] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 21, 2019, 11:41:20 PM
So let us get this straight... he scams you by cancelling quarterly buy-backs and somehow uses 600 BTC (so he claims) to buy back tokens but not from you even though he says all decisions are with permission and consultation of all token holders. Where they cannot chat to everybody that invested they send emails to tell them - so he says.

Now you find your $700+ BKB tokens valued at just $8 and it is him that leaves you negative Trust? So you being deprived of having your BKB tokens purchased back at the same price he sold his BKB tokens is somehow acceptable?

And when you explain clearly facts of matter pointing to scam rather than assumptions - he leaves you negative Trust? What an utter and complete low-life fool that scammer Dean Nolan is.


http://i67.tinypic.com/11w6epw.gif



Title: Re: [scam accusation] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 21, 2019, 11:45:41 PM
And when you explain clearly facts of matter pointing to scam rather than assumptions - he leaves you negative Trust? What an utter and complete low-life fool that scammer Dean Nolan is.
Correct :D
It's a bit childish, throwing tantrums when he can't have his way.


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: suchmoon on March 22, 2019, 12:07:00 AM
If any DT tags him, I'll add a tag to make the account -14.

Added my neg. Was unable to find anything that would convince me otherwise. The belligerent responses form BetKing to RHavar and to you tell the whole story really.


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 22, 2019, 12:19:53 AM
If any DT tags him, I'll add a tag to make the account -14.

Added my neg. Was unable to find anything that would convince me otherwise. The belligerent responses form BetKing to RHavar and to you tell the whole story really.




http://i63.tinypic.com/dwezyb.png



Well he deserves that negative rating but please do not forget scammer Dean Nolan also uses the following Usernames as an alias so they too should be tagged if possible:

BetKing Support  - https://bitcointalk.org/index.php?action=profile;u=1055046
PocketRocketsCasino - https://bitcointalk.org/index.php?action=profile;u=97219
dean nolan - https://bitcointalk.org/index.php?action=profile;u=941114


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: suchmoon on March 22, 2019, 12:22:59 AM
Well he deserves that negative rating but please do not forget scammer Dean Nolan also uses the following Usernames as an alias so they too should be tagged if possible:

BetKing Support  - https://bitcointalk.org/index.php?action=profile;u=1055046
PocketRocketsCasino - https://bitcointalk.org/index.php?action=profile;u=97219
dean nolan - https://bitcointalk.org/index.php?action=profile;u=941114

I tagged all accounts listed in the OP.


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 22, 2019, 12:31:40 AM
Well he deserves that negative rating but please do not forget scammer Dean Nolan also uses the following Usernames as an alias so they too should be tagged if possible:

BetKing Support  - https://bitcointalk.org/index.php?action=profile;u=1055046
PocketRocketsCasino - https://bitcointalk.org/index.php?action=profile;u=97219
dean nolan - https://bitcointalk.org/index.php?action=profile;u=941114

I tagged all accounts listed in the OP.

Yes thank you for that.

Excellent work by the community to expose this scammer Dean Nolan for what he really is. Great work by LoyceV and RHavar to bring some of the scam issues related to betking to the forefront of the community in order to protect users.


Title: Re: [scam? Need DT opinion] BetKing.io broke ICO promise and dropped token value 99%
Post by: mikeywith on March 22, 2019, 01:02:03 AM
The accounts involved have red tags already, but not yet from me. I want opinions first, and if any DT decides to tag them based on this topic, I'll tag them too.

I have tagged the 4 accounts related to this ICO, with all these information provided, it's only fair that they are tagged, i will personally be open to whatever BetKing team has to say on this.


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 22, 2019, 08:15:05 AM
Added my neg. Was unable to find anything that would convince me otherwise. The belligerent responses form BetKing to RHavar and to you tell the whole story really.
Thanks, I've tagged the accounts too.

I have tagged the 4 accounts related to this ICO, with all these information provided, it's only fair that they are tagged
Thanks :)

Quote
i will personally be open to whatever BetKing team has to say on this.
Well, there you have it:
http://i67.tinypic.com/330697o.gif


Title: Re: BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 22, 2019, 09:39:35 AM
So scammer Dean Nolan continues to leave negative feedback as revenge for those that expose his betking scam or those that review the evidence and tag him?

Pathetic immature fool scammer Dean Nolan is.

Instead of apologising to the people he scammed using his betking website he sends out retaliatory feedback/Trust.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 22, 2019, 09:59:22 AM
Oh no, red trust that means nothing on a cesspit of a forum full of scammers, liars and trolls.

@Loyce - I didn't respond because your post has so many lies (posting jolly goods posts as evidence?) and assumptions you made wrongly (last buy back was a year ago?). You all twist my words every time I reply to anything and then use some random ambiguous claim as the start of your next smear campaign.

You can give me -9999 trust all you want. Doesn't make a difference.

If you had have stuck to a civil discussion by email then I could have easily explained everything to you and point our where you were wrong and how things worked and helped you but guess you needed the attention here.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 22, 2019, 10:04:06 AM
Oh no, red trust that means nothing on a cesspit of a forum full of scammers, liars and trolls.


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


Yet scammer Dean Nolan offers useless and worthless EOS BKT tokens bounty to fools that are encouraged to post betking propaganda in the very same "cesspit of a forum full of scammers, liars and trolls"

It was thanks to this forum that scammer Dean Nolan promoted his betking 2017 ICO scam that raked in over $6.5 million that he never accounted for or allowed audits on (so nobody but himself knows exactly where the money went) but thankfully it is this very same forum that exposed his scam and brought the negative reviews that betking deserves.

Scammer Dean Nolan is an imbecile, always contradicting himself.



Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: StackGambler on March 22, 2019, 10:11:59 AM
What Dean did is obviously horrible. Loyce, thank you for the write-up. However, the way I see it, a part of the blame also falls into the hands of the victim. This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming. I mean, the very idea is ridiculous. I feel very sorry for the people who lost money in this... although it was obvious, let it be a lesson to everyone not to fall for such blatant lies.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 22, 2019, 10:16:28 AM
What Dean did is obviously horrible. Loyce, thank you for the write-up. However, the way I see it, a part of the blame also falls into the hands of the victim. This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming. I mean, the very idea is ridiculous. I feel very sorry for the people who lost money in this... although it was obvious, let it be a lesson to everyone not to fall for such blatant lies.

No one lost money in this (except me).
They claim to know people who say they have lost money but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision and I have explained how the new system works and that he should wait.
Instead he wants attention and just shouts scam (note Loyce didn't even buy tokens in the ico, he got them from bounty)
But it is not the concern of anyone in this forum who didn't own BKB from the original ICO.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: StackGambler on March 22, 2019, 10:18:31 AM
What Dean did is obviously horrible. Loyce, thank you for the write-up. However, the way I see it, a part of the blame also falls into the hands of the victim. This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming. I mean, the very idea is ridiculous. I feel very sorry for the people who lost money in this... although it was obvious, let it be a lesson to everyone not to fall for such blatant lies.

No one lost money in this (except me).
They claim to know people who say they have lost money but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision and I have explained how the new system works and that he should wait.
Instead he wants attention and just shouts scam (note Loyce didn't even buy tokens in the ico, he got them from bounty)
But it is not the concern of anyone in this forum who didn't own BKB from the original ICO.

Thank you for the clarification. I have two questions:

a) Is it true that you claimed that there is a price floor, ie. a minimum price for the token that the value would never fall below?
b) Has the price of your token fallen below this alleged price floor, if it exists?



Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 22, 2019, 10:32:59 AM
What Dean did is obviously horrible. Loyce, thank you for the write-up. However, the way I see it, a part of the blame also falls into the hands of the victim. This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming. I mean, the very idea is ridiculous. I feel very sorry for the people who lost money in this... although it was obvious, let it be a lesson to everyone not to fall for such blatant lies.

No one lost money in this (except me).
They claim to know people who say they have lost money but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision and I have explained how the new system works and that he should wait.
Instead he wants attention and just shouts scam (note Loyce didn't even buy tokens in the ico, he got them from bounty)
But it is not the concern of anyone in this forum who didn't own BKB from the original ICO.

Thank you for the clarification. I have two questions:

a) Is it true that you claimed that there is a price floor, ie. a minimum price for the token that the value would never fall below?
b) Has the price of your token fallen below this alleged price floor, if it exists?



a) no. I gave an equation that calculated the price based on site profit. If the site had a big loss then the token price would have been lower than the ICO price.
b) there was no price floor


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: StackGambler on March 22, 2019, 10:35:46 AM
What Dean did is obviously horrible. Loyce, thank you for the write-up. However, the way I see it, a part of the blame also falls into the hands of the victim. This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming. I mean, the very idea is ridiculous. I feel very sorry for the people who lost money in this... although it was obvious, let it be a lesson to everyone not to fall for such blatant lies.

No one lost money in this (except me).
They claim to know people who say they have lost money but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision and I have explained how the new system works and that he should wait.
Instead he wants attention and just shouts scam (note Loyce didn't even buy tokens in the ico, he got them from bounty)
But it is not the concern of anyone in this forum who didn't own BKB from the original ICO.

Thank you for the clarification. I have two questions:

a) Is it true that you claimed that there is a price floor, ie. a minimum price for the token that the value would never fall below?
b) Has the price of your token fallen below this alleged price floor, if it exists?



a) no. I gave an equation that calculated the price based on site profit. If the site had a big loss then the token price would have been lower than the ICO price.
b) there was no price floor

Alright, I apologize for coming off as aggressive. From Loyce's post, I ascertained that you promised that the token would not fall below the ICO price. I guess that statement from his original thread is wrong. Thanks for the clarification, once again.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 22, 2019, 10:50:40 AM
Oh no, red trust that means nothing on a cesspit of a forum full of scammers, liars and trolls.
I like to think my red trust means something. There's a reason I'm the second most included user on DT1 Trust lists.

Quote
@Loyce - I didn't respond because your post has so many lies (posting jolly goods posts as evidence?) and assumptions you made wrongly (last buy back was a year ago?). You all twist my words every time I reply to anything and then use some random ambiguous claim as the start of your next smear campaign.
That's what you think this is? A smear campaign? The damage has been done by you, and you alone. Don't shoot the messenger.

Quote
You can give me -9999 trust all you want. Doesn't make a difference.
I can't give you -9999 on my own. That's not how the trust system works. But it probably won't make a difference indeed: -30 is pretty clear, you've completely lost the very good reputation you had a few years ago, and managed to make all users abandon a once popular online casino.

Quote
If you had have stuck to a civil discussion by email then I could have easily explained everything to you and point our where you were wrong and how things worked and helped you but guess you needed the attention here.
You did give me permission to post your emails, so let me do just that:

Email 1 (mine) March 14, 2019
Quote from: me, March 14, 2019
Howdy Dean,

Since your new EOS/BKT adventure doesn't appeal to me that much: can I
sell back the BKB tokens I still have (in my Betking account) at
$0.099 a piece, so my BetKing token holder adventure ends?

Thanks,
Loyce

Email 2 (BetKing)
Quote from: Support<support@betking.io March 14, 2019>
Hi
You can trade your BKB to BKT on the site at a ratio of 20 BKT per 1 BKB. We buy back BKT every hour on our exchange from the profit on casino and exchange in the previous hour.

Just so you know, there was 600 BTC used of the initial ICO fund to buy tokens back. I owned 70% of all BKB before releasing the new token on BetKing.
17% more have converted to BKT and are happy with the direction the new site is going, despite me clearly, which I've been open about, making some bad business decisions in the past year.

So, where is the scam? There's only about 13% of all BKB that has not been bought back using our initial ICO funds, since we didn't make profit, or converted to BKT. I imagine a lot of that would be bonuses and bounties that will never be reclaimed either and some people who just haven't checked back on the site in a while.

Still a scam yeah?

Do you know what would have made your tokens more valuable?
Helping to promote and support the site instead of accusing it of being a scam constantly in the forum.

Email 3 (mine)
Quote from: me, March 14, 2019
So you're saying I can sell $700 BKB tokens for $8 LTC?

Email 4 (BetKing)
Quote from: Support<support@betking.io March 14, 2019>
I'm saying have some sense for a minute. Or crawl back to the forum and post all this, I don't really give a shit.

Any normal person would know to hold and sell when price goes up.
It's obvious we were going to have dumpers right at start with the promos.

If you decide to sell for less than you put in that is your own fault not mine
I think I've been pretty civil, and there was no offer to "help me".

This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming.
It could have worked out, of BetKing would have used the funds as promised and kept a dollar amount. I guess I was slightly naive there.



If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision
So you're saying you don't lose money at all if something drops 99% in value, as long as you don't sell the worthless token? With the same logic you can create 100 million tokens out of thin air, and say it's worth millions! O wait, you did :o

Quote
Instead he wants attention and just shouts scam
Lack of attention is the least of my problems (https://bitcointalk.org/index.php?topic=5023723.0) :P
I don't just "shout", I've provided several links with enough evidence to convince people.

Quote
(note Loyce didn't even buy tokens in the ico, he got them from bounty)
Hey, I predicted this:
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).
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.



Alright, I apologize for coming off as aggressive. From Loyce's post, I ascertained that you promised that the token would not fall below the ICO price. I guess that statement from his original thread is wrong. Thanks for the clarification, once again.
This is correct, I used the wrong term. I should have said "pegged in dollar" instead of "fixed dollar price". I've changed it in my OP.
The dollar-value of BKB-tokens varied slightly depending on the site's profit. However, the latest value I've seen was $0.099 per BKB token, which is what should have been used for the quarterly buybacks at that point.
Because the evidence is scattered over several long topics, it's a lot of work to cover all the details. Let me quote this:
The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).

Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.
Since the site didn't have many players, bankroll profit was small compared to the total ICO amount. Note that any expenses other thank bankroll profit (or loss) shouldn't influence the token value.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: StackGambler on March 22, 2019, 10:56:32 AM
LoyceV, it seems like he didn't guarantee anything: it appears to me that BetKing just didn't make profit, and thus the token fell. Has he stated anywhere that the token can't fall that low? I can't find where he said that. I obviously trust you more than him; I just don't see the evidence.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: game-protect on March 22, 2019, 11:20:44 AM
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.
No, scam artist Dean Nolan did not benefit by pegging the token to USD!

The terms of the fantasy token ICO clearly stated that the profit from currencies will be added to the token value:    

Quote
The token value is calculated as:

I + (P /100,000,000)

Where I is the initial token price after the IC0, $0.09286 and P is the total site profit from all games and currencies at the current exchange rate in $.
He simply scammed the investors with not adding the profit from all currencies to the token value!

If he would not have stated in the fantasy token ICO that the currencies profit will be added to the token value, then he could have legally benefited from the value increase of the currencies.

It would be still a scam because he did not fulfill the buyback assurance and investors were unjustifiably bound too long and could not participate in the value increasement of the crypto currencies.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 22, 2019, 11:33:45 AM
LoyceV, it seems like he didn't guarantee anything: it appears to me that BetKing just didn't make profit, and thus the token fell. Has he stated anywhere that the token can't fall that low? I can't find where he said that. I obviously trust you more than him; I just don't see the evidence.
The value wasn't exactly quaranteed, the guarantee was that buybacks would happen quarterly.

The value (in dollars) was supposed to be based on the formula I posted above. For the token value to fall a lot, the bankroll must have suffered huge losses (which means players winning hundreds of Bitcoins). That didn't happen.
Any other expenses shouldn't have influenced the token price.

This post that shows the BKB value at that time:
The $0.0945 on top left on dice page is the current value of 1 token based on my buy back program
The latest value I've seen was $0.099, and I've never read about a large drop in value due to tremendous bankroll losses. That's not even debated here, the value dropped because the quarterly buybacks ended.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: StackGambler on March 22, 2019, 11:36:05 AM
LoyceV, it seems like he didn't guarantee anything: it appears to me that BetKing just didn't make profit, and thus the token fell. Has he stated anywhere that the token can't fall that low? I can't find where he said that. I obviously trust you more than him; I just don't see the evidence.
The value (in dollars) was supposed to be based on the formula I posted above. For the token value to fall a lot, the bankroll must have suffered huge losses (which means players winning hundreds of Bitcoins). That didn't happen.
Any other expenses shouldn't have influenced the token price.

This is one post that shows the BKB value at that time:
The $0.0945 on top left on dice page is the current value of 1 token based on my buy back program
The latest value I've seen was $0.099, and I've never read about a large drop in value due to tremendous bankroll losses. That's not even debated here, the value dropped because the quarterly buybacks ended.

Oh, I see. If the site suffered losses, the token value would fall, but the site did not suffer major losses. Thanks for explaining.

Dean, can you elucidate why the token value fell below ICO prices, then? It does look like you weren't buying back responsibly (as disclosed).


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 22, 2019, 11:51:26 AM
Scammer Dean Nolan wrote: "All the trust comes from me and the fact that I ran BetKing for 3.5 years without any issues and returned 6000 Bitcoin to investors when I closed instead of doing an exit scam or running with the funds. No resume or profile pic can give that kind of trust": https://bitcointalk.org/index.php?topic=2053407.msg20700042#msg20700042

Scammer Dean Nolan wrote: "Token Price - The total funds raised will determine the price per BetKing Bankroll token.We will take the total value of all funds at the current exchange rate at the end of the crowdsale to determine the total raised funds.E.g. If we raised $1,000,000 then the price per token would be $0.014 (1,000,000 / 70,000,000).

The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).

Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price": https://bitcointalk.org/index.php?topic=2053407.msg20470774#msg20470774

What a pathetic liar scammer Dean Nolan is. BKB Tokens were supposed to have a minimum value of $0.09286 as calculated after the ICO and then on top of that any profit as stated above in the pre-ICO example and below in the post-ICO comment on December 03, 2017 that scammer Dean Nolan posted:

"The token price was $0.09286 after the ICO. The token value is calcualted as $0.09286 + ((total bankroll profit of eth, btc, ltc in $ at current exchange price) / 100,000,000) Which is now $0.0966. A profit of $0.00374 per token": https://bitcointalk.org/index.php?topic=2150057.msg25690525#msg25690525

The value of BKB held by LoyceV should have been 7278 BKB x $0.09286 (+profits) = $675.84 minimum flat rate without any profits to take in to consideration. If the site made no profit it should guarantee a buy-back of BKB at $0.09286. Simple.

So why did scammer Dean Nolan allegedly use 600 BTC of bankroll assets (nearly 50% of the ICO income) to fund buy-backs when it was not necessary?

How many of the tokens bought back were owned by scammer Dean Nolan? There is a massive conflict of interest there

Why did he damage the bankroll to buy-back BKB tokens when he clearly should have not touched it and if necessary should have used the remaining 50% of the ICO funds allegedly kept for "marketing, promotions, seo, design, development, server costs and legal" instead?

All evidence suggests embezzlement and siphing-off funds. An audit should prove beyond doubt where the funds went and where the remaining funds are but scammer Dean Nolan will not release that information because it will prove his guilt.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: marlboroza on March 22, 2019, 02:21:19 PM
I thought Dean left this forum:
I'm done with this forum now.

Dean screwed investors more than a year ago, it was pointed in this thread https://bitcointalk.org/index.php?topic=4751127.0;all
Quote from: dean
I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO.
http://archive.is/9opwz#selection-6385.0-6387.1

ICO terms:
Quote
-30 million will be retained by BetKing for ICO bounties, testing bounties, advisors, hiring, future marketing and development.
-After the crowdsale at least 50% of the funds raised will be used for the house bankroll that players bet against and winnings are paid from.The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal.
http://archive.is/tdcWr

Anyway, for this thread:
Quote
Remaining token holders have the benefit that their tokens have much more value the longer they hold them. They can choose to never sell them back to me for many years or if the site was to be sold.
http://archive.is/9opwz#selection-6393.0-6393.198

Quote
My buy back price does not reduce after buying back. So if sa I bought 10% of tokens back for $1 or whatever after first quarter.
The remaining tokens are still worth $1 and then have the profit of next 3 months added on top of that
http://archive.is/yxKBo#selection-849.0-851.102


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: game-protect on March 22, 2019, 02:27:32 PM
Now I understand: The 30 million tokens retained for ICO bounties, testing bounties, advisors, hiring, future marketing and development are his profit! :D

Quote from: dean
I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO.
http://archive.is/9opwz#selection-6385.0-6387.1

Quote
-30 million will be retained by BetKing for ICO bounties, testing bounties, advisors, hiring, future marketing and development.
-After the crowdsale at least 50% of the funds raised will be used for the house bankroll that players bet against and winnings are paid from.The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal.
http://archive.is/tdcWr


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: asche on March 22, 2019, 07:29:24 PM
Really funny how Betking/Dean came here once to explain, and is suddenly silent after the precisions provided.

Will add my neg pretty soon to the collection


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 22, 2019, 07:47:19 PM
Really funny how Betking/Dean came here once to explain, and is suddenly silent after the precisions provided.

Will add my neg pretty soon to the collection


Yes it is very amusing to see scammer Dean Nolan chatting to a newbie about plenty of things but not addressing the key allegations against him.

And when the questions along with evidence stacked up against him he decided to go quiet again.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 02:55:18 AM
Anyone else think BillyBurns (https://bitcointalk.org/index.php?action=profile;u=889399) is also Dean?  [Removed analysis, as I think it was wrong and BillyBurns is not Dean]


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: StackGambler on March 23, 2019, 02:56:34 AM
snip

Oh, Ryan. You never fail to amuse. Excellent detective work. I'd consider that pretty irrefutable proof that they're the same person.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 03:21:00 AM
Oh, Ryan. You never fail to amuse. Excellent detective work. I'd consider that pretty irrefutable proof that they're the same person.

Well Dean claims he has people working for him, so it's certainly possible BillyBurns is one. I do find it rather unlikely that he's some unbiased observer though :P


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: DarkStar_ on March 23, 2019, 05:05:48 AM
-snip-

BillyBurns (aka GNIKTEB on BetKing as seen on the screenshot) appears to be an admin/moderator on BetKing. His name is red in chat, and so is Dean's. (https://i.imgur.com/gIUM8S0.png) All normal player names are blue. I think it's more likely that he is someone hired by Dean. (program choice is weird though; why Windscribe & ProtonVPN?)


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 07:42:13 AM
...

Your detective work is very, very poor.

Think about one thing....multi monitor setup? You should know quite how this wouldn't work logistically for me.

Same desktop? I've not used Windows for over a year. You knew that too.
I only know 3 of those icons and don't have steam installed, I don't play games.

If you had saw my desktop I wouldn't care (but think logically, would I ever post a screenshot with all my desktop in view? especially under some account you claim to be me)
Also, his screenshot was to show a 9900x payout win (which happened when i was sleeping btw).
If you check his screenshot with the 9900x I posted on twitter and telegram you would see I cut out only the bet details dialog. Not the whole desktop.

However what you are doing is bordering on doxing someone else just because they post about the site? That is terrible behaviour and surely is against the forum rules.

Instead of getting off on the little fame you get from these trolls worshipping you why don't you stick to your retirement with your gf and your bike?
Or is selling btc too hard for you too still since running from the US?

Pathetic. Reported to mods. (not that they ever bother to do anything anyway)


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 08:34:40 AM
You jumped to wrong conclusions if u want to have a chat with me on skype lets go. Witch hunt is unreal, I'll prove I'm not Dean in like 500 million ways. With all that investigated work I would expect nothing less than accepting the challenge!



Like same OS that dean uses and multi-monitor setup (ok, that's weak...).

Windows and two monitors really?.....


We see files we wouldn't expect an end-user of BK to have:
https://i.imgur.com/mdoEjwH.png


Yeah that's because I made threads in other forums

 
An interesting email address:
https://i.imgur.com/HWGU


O shit a fan of anarcho capitalism not many of those involved in bitcoin or gambling sites

Which got banned from bitcoin.com for spamming betking  Grin (and using a VPN too, like Dean says he does)
O man he used a vpn GOT HIM! So do like 70% of the other people  on dice sites

And keen interest in betking (ok, weak...):         https://i.imgur.com/HWGUraG.png     
That's because I made the threads

Shares the same interest in boxing and sports betting as Dean:
Whats the demographic for the avg dice user? I'm going to guess male... between the ages of 18-35, whats the demographic of a fight fan? Im guessing male...... and ages of 18-35

Uses the same programs as I know Dean to use:
https://i.imgur.com/lvGXg7g.png

 This makes sense because betking didn't have a bunch of poker pros  around, and steam is so very rare.

Now this is interesting, we can deduce he is in same timezone as Dean by comparing against the bet he's viewing in UTC
https://i.imgur.com/POB3wN8.png[img]No idea what this is, but it caught my eye:[img]https://i.imgur.com/lvGXg7g.png


I don't know exactly what your talking about here but all I know is i have west coast time so do like approx 50 million other people


And I suspect not many users have  a betking chrome profile:
https://i.imgur.com/wj1sfMN.png

my profile could be a egg, it could be blank, it could be a bk profile it doesn't matter what it is the email does its job even if it is a picture of a pile of poop

Conclusion -  You guys all out for a witch hunt and it's clearly obvious you all want to see Dean fail and find anything bad you can out about him, not to help other people not help yourself but only see him suffer.











Oh, Ryan. You never fail to amuse. Excellent detective work. I'd consider that pretty irrefutable proof that they're the same person.

This is the problem with these trolls, you consider that pretty irrefutable proof... When your making some pretty big accusations. I would hate for your opinion to be at the hands of another human being on trial. You don't have the ability to look at things objectively, you want Dean to be me so you will let your subjective feelings cloud your judgement. This post by you show's that your claims should have little credability in the future.

Rhavar should have 100% not posted this, he should have tried to get in contact with me and explain what he had and ask me to verify or give him proof. I'm sure he was sitting there feeling so gleeful as he compiled his circumstancial evidence. So proud to unleash his findings.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 23, 2019, 09:05:49 AM
Your detective work is very, very poor.
That's funny, coming from someone who claims JollyGood is game-protect, and claims asche is likely to be marlboroza.

However what you are doing is bordering on doxing someone else just because they post about the site? That is terrible behaviour and surely is against the forum rules.
If someone posts something by himself, analyzing the screenshot isn't considered doxing.

Quote
Instead of getting off on the little fame you get from these trolls worshipping you why don't you stick to your retirement with your gf and your bike?
Or is selling btc too hard for you too still since running from the US?
Please refrain from going off-topic.



Screenshot of BetKing.io (https://bitcointalk.org/index.php?action=profile;u=565024)'s recently Sent feedback:
http://i65.tinypic.com/vep2tc.gif
I love the trust abuse. Very mature!



Disclaimer:
Note that meriting a post doesn't necessarily mean I agree with the post. It means the post is worth reading, and in this case can also mean it's worth reading because it says a lot about the person posting it.



BillyBurns: I don't think you're Dean's alt account. But know that users have been tagged for promoting scams before, and since the consensus is that BetKing's ICO turned into a scam, it's probably time to stop promoting the site.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 09:13:51 AM
BillyBurns: I don't think you're Dean's alt account. But know that users have been tagged for promoting scams before, and since the consensus is that BetKing's ICO turned into a scam, it's probably time to stop promoting the site.

Consensus by idiots in here that can't use logic or think for themselves. Never mind not being able to provide a shred of evidence or even round up any other BKB holders that actually believe they were scammed.

My inbox is empty, why is no one demanding their investment back from this scam?
You can pm here, email me, telegram me. I'm not getting anything.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 09:16:44 AM
Your detective work is very, very poor.
That's funny, coming from someone who claims JollyGood is game-protect, and claims asche is likely to be marlboroza.

However what you are doing is bordering on doxing someone else just because they post about the site? That is terrible behaviour and surely is against the forum rules.
If someone posts something by himself, analyzing the screenshot isn't considered doxing.

Quote
Instead of getting off on the little fame you get from these trolls worshipping you why don't you stick to your retirement with your gf and your bike?
Or is selling btc too hard for you too still since running from the US?
Please refrain from going off-topic.



Screenshot of BetKing.io (https://bitcointalk.org/index.php?action=profile;u=565024)'s recently Sent feedback:
http://i65.tinypic.com/vep2tc.gif
I love the trust abuse. Very mature!



Disclaimer:
Note that meriting a post doesn't necessarily mean I agree with the post. It means the post is worth reading, and in this case can also mean it's worth reading because it says a lot about the person posting it.



BillyBurns: I don't think you're Dean's alt account. But know that users have been tagged for promoting scams before, and since the consensus is that BetKing's ICO turned into a scam, it's probably time to stop promoting the site.

concensus? Consensus by who? The guys that think that was irrefutable evidence? Or the guys who think breaking forum rules day after day is kool because they can get away with it, or the guys who make claims as facts when all they have is speculation? The only scam I know of is the fact you guys are all teamed up breaking rules on a witch hunt, Look at my bad merit/trust, I don't deserve this. You abusers gave it to me and I would like to see one person justify it.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 23, 2019, 09:20:33 AM
My inbox is empty, why is no one demanding their investment back from this scam?
I tried, you told me I can sell my $700+ tokens for $8. Did you expect more emails after that?

Quote
You can pm here, email me, telegram me. I'm not getting anything.
I sent you a PM on January 30, 2019:
Howdy Dean,

Since your new EOS/BKT adventure doesn't appeal to me that much: can I sell back the BKB tokens I still have (in my Betking account) at $0.099 a piece, so my BetKing token holder adventure ends?

Thanks,
Loyce

You never thought once to actually pm or email me to ask for info before posting shit even though I've paid you for jobs in the past?
I didn't get a reply.



Or the guys who think breaking forum rules day after day is kool because they can get away with it
You seem to share your obsession with forum rules with Dean. Just so you know, you've broken forum rules by yourself, right here in this topic (use the edit button instead of posting 3 posts in a row).

Quote
The only scam I know of is the fact you guys are all teamed up breaking rules on a witch hunt
I tell you what: give me $700, I'll give you a made-up token and promise you it'll be worth $700, then offer you $8 for it in return. If you don't understand that's not a nice thing, I'm open to do that deal :D

Quote
Look at my bad merit/trust, I don't deserve this. You abusers gave it to me and I would like to see one person justify it.
You have no red trust from any DT-member. JollyGood is excluded by 2 DT1-members:
Quote
Trust list for: JollyGood (https://bitcointalk.org/index.php?action=profile;u=1016855) (38 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=1016855)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/1016855.html)) (BPIP (https://bpip.org/profile.aspx?p=JollyGood)) (created 2019-03-23_Sat_05.36h)
Back to index (http://loyce.club/trust/)

JollyGood is Trusted by:
1. IconFirm (https://bitcointalk.org/index.php?action=profile;u=841288) (25 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=841288)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/841288.html)) (BPIP (https://bpip.org/profile.aspx?p=IconFirm))
2. johnsmithx (https://bitcointalk.org/index.php?action=profile;u=880756) (7 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=880756)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/880756.html)) (BPIP (https://bpip.org/profile.aspx?p=johnsmithx))

~JollyGood is Distrusted by:
1. DarkStar_ (https://bitcointalk.org/index.php?action=profile;u=507936) (DT1! (24) 646 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=507936)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/507936.html)) (BPIP (https://bpip.org/profile.aspx?p=DarkStar_))
2. TeMHuK (https://bitcointalk.org/index.php?action=profile;u=840028) (9 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=840028)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/840028.html)) (BPIP (https://bpip.org/profile.aspx?p=TeMHuK))
3. zloy_hulk (https://bitcointalk.org/index.php?action=profile;u=878192) (0 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=878192)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/878192.html)) (BPIP (https://bpip.org/profile.aspx?p=zloy_hulk))
4. blurryeyed (https://bitcointalk.org/index.php?action=profile;u=885996) (4 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=885996)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/885996.html)) (BPIP (https://bpip.org/profile.aspx?p=blurryeyed))
5. xtraelv (https://bitcointalk.org/index.php?action=profile;u=897509) (DT1! (19) 1023 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=897509)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/897509.html)) (BPIP (https://bpip.org/profile.aspx?p=xtraelv))
6. A_Creature (https://bitcointalk.org/index.php?action=profile;u=1111161) (0 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=1111161)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/1111161.html)) (BPIP (https://bpip.org/profile.aspx?p=A_Creature))
7. translocated (https://bitcointalk.org/index.php?action=profile;u=1160000) (0 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=1160000)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/1160000.html)) (BPIP (https://bpip.org/profile.aspx?p=translocated))
8. yurez83 (https://bitcointalk.org/index.php?action=profile;u=1270987) (17 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=1270987)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/1270987.html)) (BPIP (https://bpip.org/profile.aspx?p=yurez83))
9. Nihrupka (https://bitcointalk.org/index.php?action=profile;u=1411937) (0 Merit earned) (Trust feedback (https://bitcointalk.org/index.php?action=trust;u=1411937)) (Trust list (http://loyce.club/trust/2019-03-23_Sat_05.36h/1411937.html)) (BPIP (https://bpip.org/profile.aspx?p=Nihrupka))

Source: LoyceV's Trust list viewer (https://bitcointalk.org/index.php?topic=5102296.0).
Get your own Trust list in BBCode at loyce.club/trust (http://loyce.club/trust/).
I encourage you (and anyone else) to set your own custom Trust list (https://bitcointalk.org/index.php?action=trust).


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: StackGambler on March 23, 2019, 09:48:37 AM

Oh, Ryan. You never fail to amuse. Excellent detective work. I'd consider that pretty irrefutable proof that they're the same person.

This is the problem with these trolls, you consider that pretty irrefutable proof... When your making some pretty big accusations. I would hate for your opinion to be at the hands of another human being on trial. You don't have the ability to look at things objectively, you want Dean to be me so you will let your subjective feelings cloud your judgement. This post by you show's that your claims should have little credability in the future.

Rhavar should have 100% not posted this, he should have tried to get in contact with me and explain what he had and ask me to verify or give him proof. I'm sure he was sitting there feeling so gleeful as he compiled his circumstancial evidence. So proud to unleash his findings.


Quoting devans, I'm not a judge, nor am I the internet police. My opinion doesn't matter. People are smart and are free to make their own assumptions. All I will say is, for the intents and purposes of this discussion, which to me is nothing but entertainment since I have no stakes in the situation, I have no doubt that you are Dean (thanks to the evidence that RHavar provided). If I did have some stake in the matter, or if I was in a jury, then I'd probably have a closer look, but since that's not the case, and seeing that I don't have a burning desire to waste time on scammers like you guys, I'll pass on that.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: asche on March 23, 2019, 09:56:51 AM
That's funny, coming from someone who claims JollyGood is game-protect, and claims asche is likely to be marlboroza.

This is the best comparison I have ever been involved in. Love it

Regarding that retaliory feedback, I understand quite well what happened, thank you for your concern Dean.

I have no doubt that you are Dean (thanks to the evidence that RHavar provided).

You should stop misusing the word evidence.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 09:58:54 AM

Oh, Ryan. You never fail to amuse. Excellent detective work. I'd consider that pretty irrefutable proof that they're the same person.

This is the problem with these trolls, you consider that pretty irrefutable proof... When your making some pretty big accusations. I would hate for your opinion to be at the hands of another human being on trial. You don't have the ability to look at things objectively, you want Dean to be me so you will let your subjective feelings cloud your judgement. This post by you show's that your claims should have little credability in the future.

Rhavar should have 100% not posted this, he should have tried to get in contact with me and explain what he had and ask me to verify or give him proof. I'm sure he was sitting there feeling so gleeful as he compiled his circumstancial evidence. So proud to unleash his findings.


Quoting devans, I'm not a judge, nor am I the internet police. My opinion doesn't matter. People are smart and are free to make their own assumptions. All I will say is, for the intents and purposes of this discussion, which to me is nothing but entertainment since I have no stakes in the situation, I have no doubt that you are Dean (thanks to the evidence that RHavar provided). If I did have some stake in the matter, or if I was in a jury, then I'd probably have a closer look, but since that's not the case, and seeing that I don't have a burning desire to waste time on scammers like you guys, I'll pass on that.

irrefutable LOL, btw I enjoyed your youtube video was A+ well done.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: StackGambler on March 23, 2019, 10:32:15 AM

Oh, Ryan. You never fail to amuse. Excellent detective work. I'd consider that pretty irrefutable proof that they're the same person.

This is the problem with these trolls, you consider that pretty irrefutable proof... When your making some pretty big accusations. I would hate for your opinion to be at the hands of another human being on trial. You don't have the ability to look at things objectively, you want Dean to be me so you will let your subjective feelings cloud your judgement. This post by you show's that your claims should have little credability in the future.

Rhavar should have 100% not posted this, he should have tried to get in contact with me and explain what he had and ask me to verify or give him proof. I'm sure he was sitting there feeling so gleeful as he compiled his circumstancial evidence. So proud to unleash his findings.


Quoting devans, I'm not a judge, nor am I the internet police. My opinion doesn't matter. People are smart and are free to make their own assumptions. All I will say is, for the intents and purposes of this discussion, which to me is nothing but entertainment since I have no stakes in the situation, I have no doubt that you are Dean (thanks to the evidence that RHavar provided). If I did have some stake in the matter, or if I was in a jury, then I'd probably have a closer look, but since that's not the case, and seeing that I don't have a burning desire to waste time on scammers like you guys, I'll pass on that.

irrefutable LOL, btw I enjoyed your youtube video was A+ well done.

Thank you!

In any case, you should probably consider removing what has been proven a scam site from your profile signature...


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 10:34:35 AM
In any case, you should probably consider removing what has been proven a scam site from your profile signature...

Proven  ;D good one


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: StackGambler on March 23, 2019, 10:54:22 AM
In any case, you should probably consider removing what has been proven a scam site from your profile signature...

Proven  ;D good one

I guess it depends on what you consider proof. I would personally trust the judgement of seven independent DT members.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: marlboroza on March 23, 2019, 11:50:26 AM
Your detective work is very, very poor.
That's funny, coming from someone who claims JollyGood is game-protect, and claims asche is likely to be marlboroza.
Likely alt.
Perhaps BetKing.io should change that negative on my trust page and edit it with "likely alt of asche"  :D
Look at my bad merit/trust, I don't deserve this. You abusers gave it to me and I would like to see one person justify it.
You have no red trust from any DT-member. JollyGood is excluded by 2 DT1-members:
Looks like someone logged in to wrong account.

Btw, BillyBurns recently sent positive trust this to scammer:

https://i.imgur.com/WTczhQM.png


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 12:38:07 PM
-snip-

BillyBurns (aka GNIKTEB on BetKing as seen on the screenshot) appears to be an admin/moderator on BetKing. His name is red in chat, and so is Dean's. (https://i.imgur.com/gIUM8S0.png) All normal player names are blue. I think it's more likely that he is someone hired by Dean. (program choice is weird though; why Windscribe & ProtonVPN?)

Yes he tends to behave like a lapdog that attacks anybody that exposes scammer Dean Nolan or asks questions that scammer Dean Nolan finds difficult to answer as he would incriminate himself

Given the red GNIKTEB admin user name on betking he has taken it upon himself as a "job" to protect his master scammer Dean Nolan


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 23, 2019, 12:39:09 PM
Look at my bad merit/trust, I don't deserve this. You abusers gave it to me and I would like to see one person justify it.
You have no red trust from any DT-member. JollyGood is excluded by 2 DT1-members:
Looks like someone logged in to wrong account.
Good catch, I had a different interpretation, but this makes more sense.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 12:40:29 PM
Your detective work is very, very poor.
That's funny, coming from someone who claims JollyGood is game-protect, and claims asche is likely to be marlboroza.
Likely alt.
Perhaps BetKing.io should change that negative on my trust page and edit it with "likely alt of asche"  :D
Look at my bad merit/trust, I don't deserve this. You abusers gave it to me and I would like to see one person justify it.
You have no red trust from any DT-member. JollyGood is excluded by 2 DT1-members:
Looks like someone logged in to wrong account.

Btw, BillyBurns recently sent positive trust this to scammer:

https://i.imgur.com/WTczhQM.png


Thanks for negative trust. See how willingly you gave it to me, what is the reason?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 12:48:02 PM
What Dean did is obviously horrible. Loyce, thank you for the write-up. However, the way I see it, a part of the blame also falls into the hands of the victim. This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming. I mean, the very idea is ridiculous. I feel very sorry for the people who lost money in this... although it was obvious, let it be a lesson to everyone not to fall for such blatant lies.

No one lost money in this (except me).
They claim to know people who say they have lost money but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision and I have explained how the new system works and that he should wait.
Instead he wants attention and just shouts scam (note Loyce didn't even buy tokens in the ico, he got them from bounty)
But it is not the concern of anyone in this forum who didn't own BKB from the original ICO.


Well come then, explain everything.

The ICO brought in $6.5 million in funds raised:

1,046.60623397 BTC
4,614.61055431 ETH
833.38469263 LTC


Provide a step by step breakdown of where funds went from there.




Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 12:53:57 PM
What Dean did is obviously horrible. Loyce, thank you for the write-up. However, the way I see it, a part of the blame also falls into the hands of the victim. This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming. I mean, the very idea is ridiculous. I feel very sorry for the people who lost money in this... although it was obvious, let it be a lesson to everyone not to fall for such blatant lies.

No one lost money in this (except me).
They claim to know people who say they have lost money but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision and I have explained how the new system works and that he should wait.
Instead he wants attention and just shouts scam (note Loyce didn't even buy tokens in the ico, he got them from bounty)
But it is not the concern of anyone in this forum who didn't own BKB from the original ICO.


Well come then, explain everything. How much did the ICO bring in, $6.5 million in Total funds raised:

1,046.60623397 BTC
4,614.61055431 ETH
833.38469263 LTC


Provide a step by step breakdown of where funds went from there.




Where is the need?
Why should I explain to you when you've spent a year on this smear campaign?
Why should I explain to any of the DT members here when they were so quick to label it a scam when they had no evidence and didn't invest in the ICO themselves?
Why should I explain to any trolls who just ignore what I say (all questions have been answered at some point in the past year but you ignored them or twisted my words).

Where are the people who I should explain to? Where are the people who feel that the site is a scam?
If I had scammed $6.5 million there should be hundreds of people posting in here demanding money back.
Where are they?
There isn't anyone.

All of you just proved that the forum is toxic and none of you should be trusted or have your opinions or views taken seriously.

Continue on with your circus. It means nothing. We have players and investors who are happy the way things are going. That's who should be getting the attention.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 01:01:01 PM
Where is the need?
Why should I explain to you when you've spent a year on this smear campaign?
Why should I explain to any of the DT members here when they were so quick to label it a scam when they had no evidence and didn't invest in the ICO themselves?
Why should I explain to any trolls who just ignore what I say (all questions have been answered at some point in the past year but you ignored them or twisted my words).

Where are the people who I should explain to? Where are the people who feel that the site is a scam?
If I had scammed $6.5 million there should be hundreds of people posting in here demanding money back.
Where are they?
There isn't anyone.

All of you just proved that the forum is toxic and none of you should be trusted or have your opinions or views taken seriously.

Continue on with your circus. It means nothing. We have players and investors who are happy the way things are going. That's who should be getting the attention.

That is an excuse for you to avoid answering. Very immature, throwing another tantrum.

Let us start with LoyceV as being one

The way betking is going it will be dead soon. Your reputation means nothing to investors but those scammed have long memories and will never forget. For those that did not ask for an audit and took your word for where the money was spent, sadly they deserve to suffer losses as a result because they put blind trust in you. I would never trust a scammer like you


So because LoyceV owns 7278 BKB tokens will you answer his questions if he lists them? He is an original BKB token holder after all.

If he sends me some BKB tokens and I become a BKB token holder, will you answer my questions about betking expenditure post-ICO?

Well?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BoXXoB on March 23, 2019, 01:20:01 PM
Oh, Ryan. You never fail to amuse. Excellent detective work. I'd consider that pretty irrefutable proof that they're the same person.

Well Dean claims he has people working for him, so it's certainly possible BillyBurns is one. I do find it rather unlikely that he's some unbiased observer though :P

I don't think he's Dean but if you look at my post history I quoted a post from him where he was fed up with him and implied he's a scammer. It didn't take long for him to go from that to defending him. That could be for whatever reason...

Edit: here
I wonder where things went wrong. He had such a good website back in the day and I'm really grateful for that. He always was a little miscalibrated but intentions were good. Then something just plummeted off of the deep end during the bear market I guess. GG

He went broke trading alt coins, according to him he was tired of alt coiners making more gains than him so he started trading and he got liquidated for everything, this is not a lie I was told to keep hush but I ain't letting this dude get away with another scam, my 30k is long gone. Now the interesting thing  is to speculate is if he used ico funds to gamble on is bitmmex acc or otc trades. Fromm y point of view since the inception of Ico it seems he is doing everything in his power for it to fail.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: marlboroza on March 23, 2019, 01:24:44 PM
Thanks for negative trust. See how willingly you gave it to me, what is the reason?
What do you think?

Where are the people who I should explain to?
One of them created this thread.

We have players and investors who are happy the way things are going.
@Loyce, as token holder, are you happy the way how things are going?

Quote
Why should I explain to any of the DT members here when they were so quick to label it a scam when they had no evidence and didn't invest in the ICO themselves?
Because someone is still holding tokens because you promised price of token will never drop https://bitcointalk.org/index.php?topic=5122856.msg50269606#msg50269606
And some other things which have been repeated dozen times but you have never addressed them so I don't see point in repeating them..




Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 01:40:08 PM
Thanks for negative trust. See how willingly you gave it to me, what is the reason?
What do you think?

Where are the people who I should explain to?
One of them created this thread.

We have players and investors who are happy the way things are going.
@Loyce, as token holder, are you happy the way how things are going?

Quote
Why should I explain to any of the DT members here when they were so quick to label it a scam when they had no evidence and didn't invest in the ICO themselves?
Because someone is still holding tokens because you promised price of token will never drop https://bitcointalk.org/index.php?topic=5122856.msg50269606#msg50269606
And some other things which have been repeated dozen times but you have never addressed them so I don't see point in repeating them..



https://bitcointalk.org/index.php?topic=5122856.msg50267661#msg50267661

Scammer Dean Nolan wrote: "The token price was $0.09286 after the ICO. The token value is calcualted as $0.09286 + ((total bankroll profit of eth, btc, ltc in $ at current exchange price) / 100,000,000) Which is now $0.0966. A profit of $0.00374 per token": https://bitcointalk.org/index.php?topic=2150057.msg25690525#msg25690525

The value of BKB held by LoyceV should have been 7278 BKB x $0.09286 (+profits) = $675.84 minimum flat rate without any profits to take in to consideration.

If the site made no profit it should STILL guarantee a buy-back of BKB at $0.09286 which totals $675.84 because those were the terms of the 2017 betking ICO by scammer Dean Nolan. He claims he used 600 BTC of the bankroll to buy-back BKB tokens however he excluded LoyceV from that buy-back and also never explained how much of that alleged 600 BTC went directly in to his own pocket via him selling his own BKB tokens.

I suggest the alleged 600 BTC used to buy-back tokens was a ruse, just a convenient way for scammer Dean Nolan to sell his own tokens alongside other token holders because any other outcome does not make sense. Sometimes he says he purchased the buy-back tokens at loss to himself and he owns 70 million BKB tokens and sometimes he says the 600 BTC of the bankroll was used to purchase the buy-back tokens.

Scammer Dean Nolan conflates himself and betking as one-and-the-same as and when he pleases because it adds to the confusion and gives misdirection.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 23, 2019, 01:48:05 PM
We have players and investors who are happy the way things are going.
@Loyce, as token holder, are you happy the way how things are going?
No. And I don't believe that many tokens holders will be happy. They owned a part of BetKing.io, which is going to close. Swapping tokens for a token worth 99% less doesn't make sense, but they are given no choice. Whatever new project is started, old token holders see their share diluted by 90%.

The logical and fair thing to do, would have been to let token holders choose: a 100% buyback, or a token swap.

however he excluded LoyceV from that buy-back
To be fair, I've been included in the earlier quarterly buybacks (before they ended).


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 02:03:00 PM
Oh, Ryan. You never fail to amuse. Excellent detective work. I'd consider that pretty irrefutable proof that they're the same person.

Well Dean claims he has people working for him, so it's certainly possible BillyBurns is one. I do find it rather unlikely that he's some unbiased observer though :P

I don't think he's Dean but if you look at my post history I quoted a post from him where he was fed up with him and implied he's a scammer. It didn't take long for him to go from that to defending him. That could be for whatever reason...

Edit: here
I wonder where things went wrong. He had such a good website back in the day and I'm really grateful for that. He always was a little miscalibrated but intentions were good. Then something just plummeted off of the deep end during the bear market I guess. GG

He went broke trading alt coins, according to him he was tired of alt coiners making more gains than him so he started trading and he got liquidated for everything, this is not a lie I was told to keep hush but I ain't letting this dude get away with another scam, my 30k is long gone. Now the interesting thing  is to speculate is if he used ico funds to gamble on is bitmmex acc or otc trades. Fromm y point of view since the inception of Ico it seems he is doing everything in his power for it to fail.


Yeah I did say that and Dean saw that post and emailed me and I talked to him. All the information I was getting was  speculation since nobody had any proof, I was angry at the time and came in here spewing because I was mad. When Dean emailed me I told him i was mad that the site seemed to be regressing games taken away, chat removed, exchange was made it seemed only for us to dump on  it really did seem at the time he was sabotaging the site. He told me changes were coming and he is working as hard as he can to make it right. I told him I hope that was true, then a few weeks went buy and I noticed changes, site was looking the best it ever had, he even was answering noobs  questions, chat came back. That was good enough for me to see that things were going in the right direction for once. Then I came back here and started reading all this non sense by all these users who don't know the difference between "Proof" and "speculation" and state "Opinions" as "Facts" all day everyday for a very long time.

 It's funny to me, all these troll accounts act as if they care for the players or investors, but from what I have seen going on the people hurting the investors the most are the troll accounts here that are spreading "speculations" as :Truths:. Does anyone here think Dean is altering the rolls? Does Anyone here think he will exit scam on the current crowd funded bankroll? Does anybody here think Dean is to incompetent  to secure player funds?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 02:07:59 PM
We have players and investors who are happy the way things are going.
@Loyce, as token holder, are you happy the way how things are going?
No. And I don't believe that many tokens holders will be happy. They owned a part of BetKing.io, which is going to close. Swapping tokens for a token worth 99% less doesn't make sense, but they are given no choice. Whatever new project is started, old token holders see their share diluted by 90%.

The logical and fair thing to do, would have been to let token holders choose: a 100% buyback, or a token swap.

however he excluded LoyceV from that buy-back
To be fair, I've been included in the earlier quarterly buybacks (before they ended).

That does not negate all the other issues including not allowing token holders a choice of either cashing in or going for the EOS token swap. Scammer Dean Nolan says he acts in accordance with general consensus of token holders but in reality he behaves like a dictator.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BoXXoB on March 23, 2019, 02:13:03 PM
Oh, Ryan. You never fail to amuse. Excellent detective work. I'd consider that pretty irrefutable proof that they're the same person.

Well Dean claims he has people working for him, so it's certainly possible BillyBurns is one. I do find it rather unlikely that he's some unbiased observer though :P

I don't think he's Dean but if you look at my post history I quoted a post from him where he was fed up with him and implied he's a scammer. It didn't take long for him to go from that to defending him. That could be for whatever reason...

Edit: here
I wonder where things went wrong. He had such a good website back in the day and I'm really grateful for that. He always was a little miscalibrated but intentions were good. Then something just plummeted off of the deep end during the bear market I guess. GG

He went broke trading alt coins, according to him he was tired of alt coiners making more gains than him so he started trading and he got liquidated for everything, this is not a lie I was told to keep hush but I ain't letting this dude get away with another scam, my 30k is long gone. Now the interesting thing  is to speculate is if he used ico funds to gamble on is bitmmex acc or otc trades. Fromm y point of view since the inception of Ico it seems he is doing everything in his power for it to fail.


Yeah I did say that and Dean saw that post and emailed me and I talked to him. All the information I was getting was  speculation since nobody had any proof, I was angry at the time and came in here spewing because I was mad. When Dean emailed me I told him i was mad that the site seemed to be regressing games taken away, chat removed, exchange was made it seemed only for us to dump on  it really did seem at the time he was sabotaging the site. He told me changes were coming and he is working as hard as he can to make it right. I told him I hope that was true, then a few weeks went buy and I noticed changes, site was looking the best it ever had, he even was answering noobs  questions, chat came back. That was good enough for me to see that things were going in the right direction for once. Then I came back here and started reading all this non sense by all these users who don't know the difference between "Proof" and "speculation" and state "Opinions" as "Facts" all day everyday for a very long time.

 It's funny to me, all these troll accounts act as if they care for the players or investors, but from what I have seen going on the people hurting the investors the most are the troll accounts here that are spreading "speculations" as :Truths:. Does anyone here think Dean is altering the rolls? Does Anyone here think he will exit scam on the current crowd funded bankroll? Does anybody here think Dean is to incompetent  to secure player funds?

The issue here, in my opinion, is not the fact that he's trying now. It's the fact that from what I see investors are simply getting way worse of a deal than what it used to be. This seems pretty clear wouldn't you think? Instead of getting quarterly buy backs (which were assumed to be a certain price) you're getting what now? Dean says nobody lost anything but the fact that you're only able to either wait or sell for a MASSIVE loss... that seems like losing to me.

Also Dean seems to just simply be dodging some of the questions. Like how did the value drop if there were no massive wins on the site and what not?

I'm more of a bystander here and I've been observing all of this quite a bit but none of my money is at stake so take that as you please.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 02:24:25 PM
Oh, Ryan. You never fail to amuse. Excellent detective work. I'd consider that pretty irrefutable proof that they're the same person.

Well Dean claims he has people working for him, so it's certainly possible BillyBurns is one. I do find it rather unlikely that he's some unbiased observer though :P

I don't think he's Dean but if you look at my post history I quoted a post from him where he was fed up with him and implied he's a scammer. It didn't take long for him to go from that to defending him. That could be for whatever reason...

Edit: here
I wonder where things went wrong. He had such a good website back in the day and I'm really grateful for that. He always was a little miscalibrated but intentions were good. Then something just plummeted off of the deep end during the bear market I guess. GG

He went broke trading alt coins, according to him he was tired of alt coiners making more gains than him so he started trading and he got liquidated for everything, this is not a lie I was told to keep hush but I ain't letting this dude get away with another scam, my 30k is long gone. Now the interesting thing  is to speculate is if he used ico funds to gamble on is bitmmex acc or otc trades. Fromm y point of view since the inception of Ico it seems he is doing everything in his power for it to fail.


Yeah I did say that and Dean saw that post and emailed me and I talked to him. All the information I was getting was  speculation since nobody had any proof, I was angry at the time and came in here spewing because I was mad. When Dean emailed me I told him i was mad that the site seemed to be regressing games taken away, chat removed, exchange was made it seemed only for us to dump on  it really did seem at the time he was sabotaging the site. He told me changes were coming and he is working as hard as he can to make it right. I told him I hope that was true, then a few weeks went buy and I noticed changes, site was looking the best it ever had, he even was answering noobs  questions, chat came back. That was good enough for me to see that things were going in the right direction for once. Then I came back here and started reading all this non sense by all these users who don't know the difference between "Proof" and "speculation" and state "Opinions" as "Facts" all day everyday for a very long time.

 It's funny to me, all these troll accounts act as if they care for the players or investors, but from what I have seen going on the people hurting the investors the most are the troll accounts here that are spreading "speculations" as :Truths:. Does anyone here think Dean is altering the rolls? Does Anyone here think he will exit scam on the current crowd funded bankroll? Does anybody here think Dean is to incompetent  to secure player funds?

The issue here, in my opinion, is not the fact that he's trying now. It's the fact that from what I see investors are simply getting way worse of a deal than what it used to be. This seems pretty clear wouldn't you think? Instead of getting quarterly buy backs (which were assumed to be a certain price) you're getting what now? Dean says nobody lost anything but the fact that you're only able to either wait or sell for a MASSIVE loss... that seems like losing to me.

Also Dean seems to just simply be dodging some of the questions. Like how did the value drop if there were no massive wins on the site and what not?

I'm more of a bystander here and I've been observing all of this quite a bit but none of my money is at stake so take that as you please.

I know dude your not part of the troll group. I use to talk to you on bitdice a longtime ago in case you don't remember. The sportsbook was eating a lot of money  (obviously a very bad choice) but dean was giving better odds to induce action but all that did was invite professional gamblers, wish I would have known that since I also profit from sports longterm could have warned him or taken some of the juicy action. As for being worse for investors that tricky because as you know bitdice hasnt done too stellar and I think a big reason is because you dont allow onsite investment anymore for anybody. I think this type of investment brings players and traffic and sometimes investors turn into players after they take some losses, so while yes were not the entirety of the house bankroll anymore for the longterm sake of the site I think it might just be better this way. From what Dean has said I believe developers and promos  and advertising were eating up a lot of $ and not generating anything from them. I can vouch for the promos eating up a lot of money I know for a fact those daily poker tournaments were giving free money away several times a day and im sure it was adding up.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 03:07:00 PM
The issue here, in my opinion, is not the fact that he's trying now. It's the fact that from what I see investors are simply getting way worse of a deal than what it used to be. This seems pretty clear wouldn't you think? Instead of getting quarterly buy backs (which were assumed to be a certain price) you're getting what now? Dean says nobody lost anything but the fact that you're only able to either wait or sell for a MASSIVE loss... that seems like losing to me.

Also Dean seems to just simply be dodging some of the questions. Like how did the value drop if there were no massive wins on the site and what not?

I'm more of a bystander here and I've been observing all of this quite a bit but none of my money is at stake so take that as you please.

That is precisely the point.

Scammer Dean Nolan seems to answer the questions he wants putting up a stern defence when he wants to but anything that exposes the way he mismanaged funds is ignored. He refuses to answer and refuses to acknowledge.

Even his mouthpiece and betking representative BillyBurns comes back to defend his master scammer Dean Nolan with the flimsiest of defences but does not answer the questions.



Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: yahoo62278 on March 23, 2019, 03:33:44 PM
An update .... with great pleasure and great delight I feel happy to present the latest Trust ratings for the 4 user names in the OP associated with scammer Dean Nolan that represent the betking scam:


http://i65.tinypic.com/x52ihy.png


http://i66.tinypic.com/2iw8ubq.png


http://i66.tinypic.com/k34tn8.png


http://i63.tinypic.com/2dha7er.png


 ;D



Accounts involved
BetKing.io (https://bitcointalk.org/index.php?action=profile;u=565024) (-254)
BetKing Support (https://bitcointalk.org/index.php?action=profile;u=1055046) (-128)
PocketRocketsCasino (https://bitcointalk.org/index.php?action=profile;u=97219) (-126)
dean nolan (https://bitcointalk.org/index.php?action=profile;u=941114) (-64)
still catching up on reading this thread but had to say multiple posts like this are inappropriate.  Edit your 1st post like this and delete the rest would be the best way to show this image.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: yahoo62278 on March 23, 2019, 03:46:05 PM
What Dean did is obviously horrible. Loyce, thank you for the write-up. However, the way I see it, a part of the blame also falls into the hands of the victim. This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming. I mean, the very idea is ridiculous. I feel very sorry for the people who lost money in this... although it was obvious, let it be a lesson to everyone not to fall for such blatant lies.

No one lost money in this (except me).
They claim to know people who say they have lost money but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision and I have explained how the new system works and that he should wait.
Instead he wants attention and just shouts scam (note Loyce didn't even buy tokens in the ico, he got them from bounty)
But it is not the concern of anyone in this forum who didn't own BKB from the original ICO.


Well come then, explain everything. How much did the ICO bring in, $6.5 million in Total funds raised:

1,046.60623397 BTC
4,614.61055431 ETH
833.38469263 LTC


Provide a step by step breakdown of where funds went from there.




Where is the need?
Why should I explain to you when you've spent a year on this smear campaign?
Why should I explain to any of the DT members here when they were so quick to label it a scam when they had no evidence and didn't invest in the ICO themselves?
Why should I explain to any trolls who just ignore what I say (all questions have been answered at some point in the past year but you ignored them or twisted my words).

Where are the people who I should explain to? Where are the people who feel that the site is a scam?
If I had scammed $6.5 million there should be hundreds of people posting in here demanding money back.
Where are they?
There isn't anyone.

All of you just proved that the forum is toxic and none of you should be trusted or have your opinions or views taken seriously.

Continue on with your circus. It means nothing. We have players and investors who are happy the way things are going. That's who should be getting the attention.
I'm mobile so forgive the massive quote. Harder to edit and clip out the shit I want this way.

Dean I have never had an issue with you to this point but in response to why should you explain anything to anyone, the answer is to protect your reputation.

The fact is, you owe anyone who asks an explanation. Yes some are trolls but that doesn't matter. It's not like they're asking for your home address and want to visit you. They're asking legit questions. Where's the money, where's the buy backs, where are the massive wins to cause a huge drop in the token price? All legit questions whether coming from trolls or not

Answer the questions and put the shit to bed. Getting pissed off will solve nothing and make the situation worse.

Maybe you care maybe you don't but your actions define who you are and who the site is


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 04:00:11 PM
The fact is, you owe anyone who asks an explanation. Yes some are trolls but that doesn't matter. It's not like they're asking for your home address and want to visit you. They're asking legit questions. Where's the money, where's the buy backs, where are the massive wins to cause a huge drop in the token price? All legit questions whether coming from trolls or not

Answer the questions and put the shit to bed. Getting pissed off will solve nothing and make the situation worse.

Maybe you care maybe you don't but your actions define who you are and who the site is

You've fallen for their trap.

These questions have all been answered many times over the past year. They just go ignored or have my words twisted to suit their narrative.
Where's the money? Been explained many many times and the people who it matters to most are very well aware of how the business operates.
Where's the buybacks? Been explained, they happen every day on the site.
Where's the massive wins causing huge drop in token price? See there's where you took their claims as fact. This never happened.

I don't need to explain anything here. You can say what you want about the reputation but I defended the reputation of the site for a year against this idiots campaign and didn't get any moderators doing their job of deleting his account or posts. Yet my posts just asking "show evidence" were deleted. Clear corruption in this forum.

Jolly good is clearly a moderator or is close friends with one of them. I've been given details of moderators who accept payment from sites to post negative stuff about competitors. I'm not sure if it's true yet but it is definitely clear that jolly good breaks forum rules more than anyone I've ever seen, for a year straight, and nothing is done about it.

And now even you join them.

No point in even visiting here is there?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 04:17:25 PM
Where is the need?
Why should I explain to you when you've spent a year on this smear campaign?
Why should I explain to any of the DT members here when they were so quick to label it a scam when they had no evidence and didn't invest in the ICO themselves?
Why should I explain to any trolls who just ignore what I say (all questions have been answered at some point in the past year but you ignored them or twisted my words).

Where are the people who I should explain to? Where are the people who feel that the site is a scam?
If I had scammed $6.5 million there should be hundreds of people posting in here demanding money back.
Where are they?
There isn't anyone.

All of you just proved that the forum is toxic and none of you should be trusted or have your opinions or views taken seriously.

Continue on with your circus. It means nothing. We have players and investors who are happy the way things are going. That's who should be getting the attention.
I'm mobile so forgive the massive quote. Harder to edit and clip out the shit I want this way.

Dean I have never had an issue with you to this point but in response to why should you explain anything to anyone, the answer is to protect your reputation.

The fact is, you owe anyone who asks an explanation. Yes some are trolls but that doesn't matter. It's not like they're asking for your home address and want to visit you. They're asking legit questions. Where's the money, where's the buy backs, where are the massive wins to cause a huge drop in the token price? All legit questions whether coming from trolls or not

Answer the questions and put the shit to bed. Getting pissed off will solve nothing and make the situation worse.

Maybe you care maybe you don't but your actions define who you are and who the site is
You are not the only one who noticed how he will avoid answering the questions. As you mentioned nobody is asking for anything except some information related to betking.




These questions have all been answered many times over the past year. They just go ignored or have my words twisted to suit their narrative.
Where's the money? Been explained many many times and the people who it matters to most are very well aware of how the business operates.

Where's the buybacks? Been explained, they happen every day on the site.
Where's the massive wins causing huge drop in token price? See there's where you took their claims as fact. This never happened.
Links?



No point in even visiting here is there?
Will you throw another tantrum, spit your dummy out and throw your toys out of your pram then make another threat to "leave" the forum just as you did many times before only to return with your tail between your legs?

It never stopped you offering useless and worthless EOS BKT tokens as bounty for those fools that post here to promote your betking scam even though despise this forum and its members.




Oh no, red trust that means nothing on a cesspit of a forum full of scammers, liars and trolls.


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





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


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 04:34:36 PM
Conclusion -  You guys all out for a witch hunt and it's clearly obvious you all want to see Dean fail and find anything bad you can out about him, not to help other people not help yourself but only see him suffer.

Fair enough. I'll agree I don't have enough evidence to say you're Dean, and there were several things I noticed in the screenshot that I wouldn't have expected of Dean. Would you be willing to disclose your working relationship with him (i.e. are you an employee of his)?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 04:49:55 PM
Conclusion -  You guys all out for a witch hunt and it's clearly obvious you all want to see Dean fail and find anything bad you can out about him, not to help other people not help yourself but only see him suffer.

Fair enough. I'll agree I don't have enough evidence to say you're Dean, and there were several things I noticed in the screenshot that I wouldn't have expected of Dean. Would you be willing to disclose your working relationship with him (i.e. are you an employee of his)?

I'm not a employee. I am a original ico investor who mods his forum. I was also a mod for his forum like 2 years ago. I have never been paid a cent from Dean other than profit from investment in site roll pre ico.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 04:51:08 PM

I'm not a employee. I am a original ico investor who mods his forum. I was also a mod for his forum like 2 years ago. I have never been paid a cent from Dean other than profit from investment in site roll pre ico.

Have you lost money in Dean's ICO?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 04:57:23 PM

I'm not a employee. I am a original ico investor who mods his forum. I was also a mod for his forum like 2 years ago. I have never been paid a cent from Dean other than profit from investment in site roll pre ico.

Have you lost money in Dean's ICO?

If i sell tokens at current price on exchange yes.
If I hold and wait I may
If I hold and wait I might not


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 05:07:43 PM
I would like to apologize to BillyBurns (and Dean) for accusing them of being the same person. I believe I was incorrect, and was wrong to be so rash, and should have talked to them in private before I posted. I was also incorrect in how I analyzed the timezones: I made the mistake of believing the bet timestamp was in UTC but it was actually in local time. Therefor they are in clearly different timezones.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 05:08:46 PM
If i sell tokens at current price on exchange yes.
If I hold and wait I may
If I hold and wait I might not

Based on this, would you say: "no one has lost any money" to be a fair and honest statement?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: allyouracid on March 23, 2019, 05:20:04 PM

This is the problem with these trolls, you consider that pretty irrefutable proof... When your making some pretty big accusations. I would hate for your opinion to be at the hands of another human being on trial. You don't have the ability to look at things objectively, you want Dean to be me so you will let your subjective feelings cloud your judgement. This post by you show's that your claims should have little credability in the future.
See, this is a common problem. People gather what they consider evidence on a topic which concerns them. Mostly because people (and / or they themselves) lost money. It does happen that that people get accused falsely, but what do you think why this happens? Look at all the elaborate scams which happen here on a day to day basis. If you're in crypto for a few years, you've literally seen horses vomit.

And while it's certainly not desirable to become a victim of false proof (which I'm not saying it is... but it does happen! //edit: seems to be solved, now), people creating the scam accusations just use what they have and try to make the connections.

So, if you feel you've been accused wrongly, present your situation in a civil manner. Make your point and try to prove what's wrong and I'm pretty sure you'll have a better chance of people listening to you, compared to starting a rant.

.edit:
I would like to apologize to BillyBurns (and Dean) for accusing them of being the same person. I believe I was incorrect, and was wrong to be so rash, and should have talked to them in private before I posted. I was also incorrect in how I analyzed the timezones: I made the mistake of believing the bet timestamp was in UTC but it was actually in local time. Therefor they are in clearly different timezones.
I don't think it's wrong to do it publicly, especially when you can accept to be wrong when proven so. Thumbs up.

.edit2: grammar.
.edit3: as this has already been sorted out, this post is kind of pointless.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 05:39:09 PM
If i sell tokens at current price on exchange yes.
If I hold and wait I may
If I hold and wait I might not

Based on this, would you say: "no one has lost any money" to be a fair and honest statement?

People have lost the value of what people  think betking is worth but no I don't think they lost any money until the site is closed down. For example I invested in both Betking and Bitdice Ico, despite how bad everyone thinks betking has performed bitdice aint doing all that great either, token price 0.025 my dividend payments might have made me like 1 eth in over a year despite investment being much larger than 1eth, and I think a lot of people were able to get 40% of their investment back from betking if they did buyback ( I never did a buyback) if I sold my bitdice tokens and added in dividends I woudn't even be at 40% of my investment back.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: allyouracid on March 23, 2019, 05:53:19 PM
The "you didn't lose money if you didn't sell" narrative doesn't add up, tho. Your coins are always worth their face value, and if that value is down 99%, you lost 99% of your "investment" (maybe not permanently, though).


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 06:00:48 PM
-snip-

BillyBurns (aka GNIKTEB on BetKing as seen on the screenshot) appears to be an admin/moderator on BetKing. His name is red in chat, and so is Dean's. (https://i.imgur.com/gIUM8S0.png) All normal player names are blue. I think it's more likely that he is someone hired by Dean. (program choice is weird though; why Windscribe & ProtonVPN?)

I have come to accept that when it comes to betking  - expect the unexpected.

As you rightly pointed out BillyBurns (GNIKTEB) is an admin or moderator on betking.

His staunch defence of anything betking related makes it clear he has more than just an interest in betking (that has not yet been divulged). Either he is hired or he is somebody volunteering - either way he is a representative of betking


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 06:04:54 PM
-snip-

BillyBurns (aka GNIKTEB on BetKing as seen on the screenshot) appears to be an admin/moderator on BetKing. His name is red in chat, and so is Dean's. (https://i.imgur.com/gIUM8S0.png) All normal player names are blue. I think it's more likely that he is someone hired by Dean. (program choice is weird though; why Windscribe & ProtonVPN?)

I have come to accept that when it comes to betking  - expect the unexpected.

As you rightly pointed out BillyBurns (GNIKTEB) is an admin or moderator on betking.

His staunch defence of anything betking related makes it clear he has more than just an interest in betking (that has not yet been divulged). Either he is hired or he is somebody volunteering - either way he is a representative of betking

I never understand how people can say such wild things and not look at themselves just for a second. I will repeat I have not been paid a cent. All of you are so concerned for investors you claim right? But do you not see the irony that your hurting investors more than anybody? All these people that care tho right? 5 threads spammed all day every day in same forum for god knows how long.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 06:13:26 PM
I would like to apologize to BillyBurns (and Dean) for accusing them of being the same person. I believe I was incorrect, and was wrong to be so rash, and should have talked to them in private before I posted. I was also incorrect in how I analyzed the timezones: I made the mistake of believing the bet timestamp was in UTC but it was actually in local time. Therefor they are in clearly different timezones.

Thanks

Now if we could only settle the other points with a civil discussion without having to resort to attacks and assumptions made or get everything mixed in with these other trolls on the forum.
There's 3 other things you have accused me of unfairly. Open to discussing on skype or pm


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 06:31:44 PM
The "you didn't lose money if you didn't sell" narrative doesn't add up, tho. Your coins are always worth their face value, and if that value is down 99%, you lost 99% of your "investment" (maybe not permanently, though).

When a dictator takes steps unilaterally to divert away from an ICO promise of fixed rate token values for buy-backs and says it was done with consensus when clearly it was not unanimous AND does not allow investors/BKB token holders to have a choice between either swapping BKB for BKT or asking for the buy-backs if refusing the swap - then something is clearly wrong.

- Scammer Dean Nolan tried to dupe RHavar out of $1 million

- Scammer Dean Nolan used unlicenced software rather than pay 2 BTC fee to the licence holder

- Scammer Dean Nolan refused to pay 20 BTC +EV to winners of the 2018 betking Christmas Wager

- Scammer Dean Nolan never released accounts nor allowed audits of betking ICO funds. We just have his word (which is fairly useless) that he used 50% of the ICO funds for "marketing, promotions, seo, design, development, server costs and legal" and that he used 50% of the ICO funds for bankroll - right  ::)

- Scammer Dean Nolan claims he used 600 BTC from the 2017 ICO bankroll funds to purchase BKB token buy-backs but fails to declare how many BKB were purchased-back and how many of BKB were his personal ones

- Scammer Dean Nolan made it clear in the 2017 ICO promotion 70 million BKB were for crowdsale and he would keep 30 million tokens for "ICO bounties, testing bounties, advisors, hiring, future marketing and development" but he also took profit on those 30 million BKB tokens thus diluting the profits of the 70 million BKB token holders

- Scammer Dean Nolan stated as per condition of 2017 ICO that all funds would be held in cold storage but never provided any mechanism to check and verify this

- Scammer Dean Nolan stated as per condition of the 2017 ICO "A percentage of profit made from bankrolled games will be used to buy back betking bankroll tokens from holders. All profits made on bankrolled games will be audited and made available to token holders as was done in the past with the crowdfunded bankroll profits. Bankrolled games are games where a player plays against the house such as blackjack and other games as well as 3rd party partner casino games. Player vs player games such as poker are not" - where did alleged 600 BTC of bankroll funds come in to the equation. That was the ruse, the scam to sell off his own BKB tokens

- Scammer Dean Nolan wrote: "The token price was $0.09286 after the ICO. The token value is calculated as $0.09286 + ((total bankroll profit of eth, btc, ltc in $ at current exchange price) / 100,000,000) Which is now $0.0966. A profit of $0.00374 per token": https://bitcointalk.org/index.php?topic=2150057.msg25690525#msg25690525

The value of BKB held by LoyceV should have been 7278 BKB x $0.09286 (+profits) = $675.84 minimum flat rate without any profits to take in to consideration.

If the site made no profit betking should guarantee a buy-back of BKB at $0.09286 as per scammer Dean Nolan personally guaranteeing he would cover it even if BTC dropped to $1


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 06:40:14 PM
People have lost the value of what people  think betking is worth but no I don't think they lost any money until the site is closed down.

Bizarre. People who did sell tokens and actually lost money apparently don't count (because they voluntarily sold, or something). And people who haven't sold, still haven't lost any money (despite them would if the ever needed to)?

So basically, you're saying the only way token-holders can lose money is if the site closes down?


I don't think there's a way to have a productive discussion with someone who argues that "not a single person lost any money" on a token that nose-dived ~99%.


Quote
For example I invested in both Betking and Bitdice Ico, despite how bad everyone thinks betking has performed bitdice aint doing all that great either, token price 0.025 my dividend payments might have made me like 1 eth in over a year despite investment being much larger than 1eth, and I think a lot of people were able to get 40% of their investment back from betking if they did buyback ( I never did a buyback) if I sold my bitdice tokens and added in dividends I woudn't even be at 40% of my investment back.

This really seems like misdirection. No one is attacking Dean for being a bad investment, they're attacking it for repeatedly lying and dishonest. The simple undeniable truth is Dean used his personal reputation to create and back BKB to give him personal exposure to bitcoin. He repeatedly sold it as an instrument to protect against bitcoin price going down (up until including shortly before he cancelled the promise, trying several times to pitch it to me knowing I'm stupidly heavily into btc). He milked it all the way when bitcoin price was doing well, and literally the second things turned around he renegs. To the best of my knowledge, he sold ~6.5M dollars worth of BKB, not bought a *single* one back at above the ICO price  (and claimed to have hit something like 70% buybacks or something?).

I think the only thing left to do is play with semantics ("you haven't lost unless you sell!") "It's not Dean's problem if you sell at a loss" and "he's not a scammer because he wasn't intending on scamming! He only did it cause it was profitable. But to be a scammer, that has to have been your intention".


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on March 23, 2019, 06:46:30 PM
People have lost the value of what people  think betking is worth but no I don't think they lost any money until the site is closed down.

Bizarre. People who did sell tokens and actually lost money apparently don't count (because they voluntarily sold, or something). And people who haven't sold, still haven't lost any money (despite them would if the ever needed to)?

So basically, you're saying the only way token-holders can lose money is if the site closes down?


I don't think there's a way to have a productive discussion with someone who argues that "not a single person lost any money" on a token that nose-dived ~99%.


Quote
For example I invested in both Betking and Bitdice Ico, despite how bad everyone thinks betking has performed bitdice aint doing all that great either, token price 0.025 my dividend payments might have made me like 1 eth in over a year despite investment being much larger than 1eth, and I think a lot of people were able to get 40% of their investment back from betking if they did buyback ( I never did a buyback) if I sold my bitdice tokens and added in dividends I woudn't even be at 40% of my investment back.

This really seems like misdirection. No one is attacking Dean for being a bad investment, they're attacking it for repeatedly lying and dishonest. The simple undeniable truth is Dean used his personal reputation to create and back BKB to give him personal exposure to bitcoin. He repeatedly sold it as an instrument to protect against bitcoin price going down (up until including shortly before he cancelled the promise, trying several times to pitch it to me knowing I'm stupidly heavily into btc). He milked it all the way when bitcoin price was doing well, and literally the second things turned around he renegs. To the best of my knowledge, he sold ~6.5M dollars worth of BKB, not bought a *single* one back at above the ICO price  (and claimed to have hit something like 70% buybacks or something?).

I think the only thing left to do is play with semantics ("you haven't lost unless you sell!") "It's not Dean's problem if you sell at a loss" and "he's not a scammer because he wasn't intending on scamming! He only did it cause it was profitable. But to be a scammer, that has to have been your intention".


So you don't believe him when he says he bought back 70% of them?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 06:47:30 PM
I don't think there's a way to have a productive discussion with someone who continues to ignore everything I say and just make assumptions

"To the best of my knowledge, he sold ~6.5M dollars worth of BKB, not bought a *single* one back at above the ICO price "

Yet I have stated many times I bought back 600 Bitcoin worth of BKB, all above ICO price btw, which is why I held 70% before the launch of the new platform.

So is anyone going to actually post evidence here instead of just making assumptions and twisting words or just straight up lying?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 06:57:24 PM
I don't think there's a way to have a productive discussion with someone who continues to ignore everything I say and just make assumptions

"To the best of my knowledge, he sold ~6.5M dollars worth of BKB, not bought a *single* one back at above the ICO price "

Yet I have stated many times I bought back 600 Bitcoin worth of BKB, all above ICO price btw, which is why I held 70% before the launch of the new platform.

So is anyone going to actually post evidence here instead of just making assumptions and twisting words or just straight up lying?



70% of the 2017 post-ICO 100 million tokens means 70 million tokens. Add that to the 2017 post-ICO 30 million tokens that were not for crowdsale, makes it 100 million BKB tokens. How is that possible?

betking might have held 70% of BKB tokens before the EOS BKT token platform launch but you did not. That statement highlighted in bold gives the impression that you felt so confident in BKB that you spent your own money to buy BKBs.

Stop lying and stop misleading and stop misdirecting. Scammer.



Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 07:09:51 PM
Yet I have stated many times I bought back 600 Bitcoin worth of BKB, all above ICO price btw, which is why I held 70% before the launch of the new platform.

Again, this semantics-play is annoying. You sold them for bitcoin [1] and bought them back with bitcoin. You only bought them back slightly higher in terms of USD, and that's because bitcoin skyrockted, so you were making a killing on the buybacks. (i.e. you bought them back for less than you sold them).

I don't think there's anything wrong with that, per-se, because that was the terms of the ICO which said: You make a personal profit when the price of bitcoin goes up, and make a personal loss when price of bitcoin goes down. The problem is you reneged immediately after it actually happened.

And then after that, you started buying them back at hugely under the ICO price in both USD and Bitcoin. Maybe you outperformed the Venezuelan bolivar, so what next: everyone made a profit in terms of VES?


Also I find your "I had bought-back almost all tokens, so I only scammed a few people" kind of weak. Why wouldn't you just keep your word and eat the loss like your own terms dictated?


[1] Any some other cryptos, let's ignore that for simplicity though.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 07:18:49 PM
Yet I have stated many times I bought back 600 Bitcoin worth of BKB, all above ICO price btw, which is why I held 70% before the launch of the new platform.

And then after that, you started buying them back at hugely under the ICO price in both USD and Bitcoin.


Where's do you get that idea from?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 07:27:53 PM
Where's do you get that idea from?

Ok. I give up. This conversation has gotten unproductive. You just finished trying to argue that you didn't "cancel buybacks" because they were still going (under completely and far worse terms) which are happening ~1% of the official buy-back price. If there was a disingenuous award, you'd clearly win it.


Anyway, I think it's pretty much telling that the only people who will come to your defence are BillyBurns who is clearly not a "normal" user and a bunch of newbie accounts that are offered BKB tokens to post on bitcointalk.


So I guess everyone can clearly see what a scammer you are. Good luck with your next ICO scam (bitsafe was it?), you might want to create a new identity though if you want to scam people, as "Dean Nolan" is a bit tarnished now and people will see it coming.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 07:40:06 PM
Where's do you get that idea from?

Ok. I give up. This conversation has gotten unproductive. You just finished trying to argue that you didn't "cancel buybacks" because they were still going (under completely and far worse terms) which are happening ~1% of the official buy-back price. If there was a disingenuous award, you'd clearly win it.


Anyway, I think it's pretty much telling that the only people who will come to your defence are BillyBurns who is clearly not a "normal" user and a bunch of newbie accounts that are offered BKB tokens to post on bitcointalk.


So I guess everyone can clearly see what a scammer you are. Good luck with your next ICO scam (bitsafe was it?), you might want to create a new identity though if you want to scam people, as "Dean Nolan" is a bit tarnished now and people will see it coming.




Since "bitsafe" was mentioned...



http://i64.tinypic.com/2yuehvt.png


The scammer Dean Nolan thought he would raise $10 million by the end of the bitsafe ICO.

He only cancelled the bitsafe ICO when nobody was interested yet he claimed he sold over $880,000 worth of tokens and was going to consolidate BKB tokens in to BTSC tokens and close down betking because it was not going to be worth running any more. Just a few months ago he was going to close down betking because it was a failing business and here he is now saying it is the healthiest it has been for a long time. Scammer Dean Nolan contradicts himself all the time, he is an imbecile.

Somehow, he had another brainwave and decided to scrap the pathetic "bitsafe" idea and keep betking going but using EOS BKT tokens in the hope to bring in 200,000 new users  :o

Serial scammer Dean Nolan


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 07:42:01 PM
Where's do you get that idea from?

Ok. I give up. This conversation has gotten unproductive. You just finished trying to argue that you didn't "cancel buybacks" because they were still going (under completely and far worse terms) which are happening ~1% of the official buy-back price. If there was a disingenuous award, you'd clearly win it.


Anyway, I think it's pretty much telling that the only people who will come to your defence are BillyBurns who is clearly not a "normal" user and a bunch of newbie accounts that are offered BKB tokens to post on bitcointalk.


So I guess everyone can clearly see what a scammer you are. Good luck with your next ICO scam (bitsafe was it?), you might want to create a new identity though if you want to scam people, as "Dean Nolan" is a bit tarnished now and people will see it coming.

I see what you were trying to imply now.
You spoke of two separate tokens in the same post and made it sound like the 600 BTC was spent buying the original BKB tokens at less than the ICO value, which is not true.

Your 1% number also means nothing. You clearly don't understand the new model, the way the business actually works (or how it worked before, no one here seems to understand that) or any of the plans moving forward.
Which almost everyone in terms of amount BKB held the $ value of the BKB I didn't own is in favour of and has willingly swapped to BKT and gave support.
So those people were scammed?

But agree. This whole chat is totally unproductive because you are biased and post opinions as facts without knowing what you are talking about and everything gets messed up because of idiots like jolly good.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 07:58:54 PM
Which almost everyone in terms of amount BKB held the $ value of the BKB I didn't own is in favour of and has willingly swapped to BKT and gave support.
So those people were scammed?

That seems almost like a philosophical question. Let's say I made a 1 BTC bet with you, and I lost and paid you 1 BTC. Then you make the same bet with someone else, and you lost this time and decided you were not going to pay (would make bad business sense, you see).

Was I scammed?

I'd personally lean towards 'yes', but it does require knowing your intentions when you made the bet. But it's kind of also unproductive to speculate on intentions, so let's focus on who you directly scammed, which was token holders (like LoyceV).

And once again, if the amounts involved are so small: why would you even scam people, and just not keep your word?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 23, 2019, 08:06:47 PM
Good luck with your next ICO scam (bitsafe was it?), you might want to create a new identity though if you want to scam people, as "Dean Nolan" is a bit tarnished now and people will see it coming.
On November 30, 2018, I received a "Latest news" email from BetKing:
Quote
Future of BKB and BetKing
 
BetKing will be moving away from gambling and rebranding to become a Bitcoin bank, exchange and payment processor.
 
We have already began work on this and we will launch in q1 of 2019. See https://bitsafe.io for more details and a working demo of the app.
 
Once the new site is live BKB will be converted to BTSC (BitSafe Coin) automatically using the exchange rate of both tokens at the time.
 
BTSC has similar utility to BKB in that it can be used to pay trade fees, merchant fees and any other fees on the BitSafe platform.
 
BitSafe will also use 40% of it's quarterly profit to buy back BTSC on the BitSafe exchange.
 
We believe these changes are best for BKB token holders and our future success together.

On January 28, 2019, I received another email from BetKing:
Quote
We are moving our token to the EOS platform and doing an airdrop to EOS token holders allowing us to reach a whole new market of players.

Existing BKB holders will be able to convert BKB for the new token.
 
​We are launching a new exchange, design and games as well as hourly leaderboard promos and hourly dividends to token holders.
 
We feel these changes combine the best of traditional off chain crytpo casinos with new on chain DApp based games and provide a whole new unique product.

For full details on all the changes, how the new token works read the whitepaper here for all the details.
 
https://medium.com/@BetKingIO/betking-eos-airdrop-whitepaper-f2834324d57c
I didn't realize until now that these are different tokens!



Quote
no one here seems to understand that
You've given many different pieces of incomplete information, and sometimes change posts afterwards.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 08:11:39 PM
I have nothing more to add to this conversation, so I'll just leave with: Dean, Why don't you just cut the bullshit, and give us a direct answer to why you won't just buy back tokens at the promised price? What's the marginal utility of the cost of doing that? No matter what you do, you're probably going to die a wealthy man.  Was it really worth living with the fact you're a scammer? Was your reputation worth it?

Sad.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 08:13:31 PM
Good luck with your next ICO scam (bitsafe was it?), you might want to create a new identity though if you want to scam people, as "Dean Nolan" is a bit tarnished now and people will see it coming.
On November 30, 2018, I received a "Latest news" email from BetKing:
Quote
Future of BKB and BetKing
 
BetKing will be moving away from gambling and rebranding to become a Bitcoin bank, exchange and payment processor.
 
We have already began work on this and we will launch in q1 of 2019. See https://bitsafe.io for more details and a working demo of the app.
 
Once the new site is live BKB will be converted to BTSC (BitSafe Coin) automatically using the exchange rate of both tokens at the time.
 
BTSC has similar utility to BKB in that it can be used to pay trade fees, merchant fees and any other fees on the BitSafe platform.
 
BitSafe will also use 40% of it's quarterly profit to buy back BTSC on the BitSafe exchange.
 
We believe these changes are best for BKB token holders and our future success together.

On January 28, 2019, I received another email from BetKing:
Quote
We are moving our token to the EOS platform and doing an airdrop to EOS token holders allowing us to reach a whole new market of players.

Existing BKB holders will be able to convert BKB for the new token.
 
​We are launching a new exchange, design and games as well as hourly leaderboard promos and hourly dividends to token holders.
 
We feel these changes combine the best of traditional off chain crytpo casinos with new on chain DApp based games and provide a whole new unique product.

For full details on all the changes, how the new token works read the whitepaper here for all the details.
 
https://medium.com/@BetKingIO/betking-eos-airdrop-whitepaper-f2834324d57c
I didn't realize until now that these are different tokens!



Quote
no one here seems to understand that
You've given many different pieces of incomplete information, and sometimes change posts afterwards.


Wait.....

So when you received the email on November 30, 2018 stating betking was going to close and be rebranded to "bitsafe" it means this scammer Dean Nolan was using betking ICO funds to pay developers to create "bitsafe" when those funds should have been used specifically for betking !

What a serial scammer low-life Dean Nolan is.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 08:14:50 PM
Which almost everyone in terms of amount BKB held the $ value of the BKB I didn't own is in favour of and has willingly swapped to BKT and gave support.
So those people were scammed?
so let's focus on who you directly scammed, which was token holders (like LoyceV).


I see absolutely no proof presented from anyone that I scammed token holders, including LoyceV


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 08:15:59 PM
Which almost everyone in terms of amount BKB held the $ value of the BKB I didn't own is in favour of and has willingly swapped to BKT and gave support.
So those people were scammed?
so let's focus on who you directly scammed, which was token holders (like LoyceV).


I see absolutely no proof presented from anyone that I scammed token holders, including LoyceV


I am sure the crypto wallets owned by scammer Dean Nolan would provide evidence to the contrary  ::)


http://cdn.mamamia.com.au/wp/wp-content/uploads/2015/03/pinocchio-nose-grow-lie-sparkle.gif


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 23, 2019, 08:19:49 PM
I see absolutely no proof presented from anyone that I scammed token holders, including LoyceV
I kinda wanted to give this post 50 Merit, and lock the thread. This post nicely summarizes your stance.
Instead, I've just archived (https://archive.is/OWXtK#selection-41789.0-41789.94) it.
It's quite normal for the defendant to deny everything, despite overwhelming evidence.
I don't think this topic has much more to offer. You have the red trust you deserve to warn others, I have my worthless tokens.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: PrimeNumber7 on March 23, 2019, 08:47:42 PM
It appears the ultimate basis for saying BetKing.io scammed investors via the ICO is the lack of buybacks.

My reading of how the buybacks work (https://archive.is/ahmNI#selection-945.0-953.105) is they are based on the total raised and the total profits of the bankroll.

There appear to be 70 million tokens offered for sale, and 100 million total. The price appears to be based off of only the tokens offered for sale.

As an example, if they raised $35 million in total, the price for the tokens would be $0.50 each ("Token Price").

The buyback price appears to be based on the bankroll profits for the preceding quarter ("Quarters Profit") and the Token Price. As an example, if the Quarters Profit was $5 million, they would take 10% to apply to the tokens, or $500,000 and add this to the Token Price, and offer to buy back 10% of token holders at this price. So the Quarters Profit portion of the buyback price in this example would be $0.05, and the Token Price portion of the buyback price would be $0.50, for a total of $0.55. In this hypothetical example, $3,550,000 would be used to buy back tokens.

According to how the ICO page described how the ICO proceeds would be used (https://archive.is/ahmNI#selection-865.0-865.246), only 50% of the ICO proceeds were to be used to fund the bankroll, and the balance was to be used for operating expenses.

In the above example, $17.5 million would be allocated to the bankroll, and $5 million would be bankroll profit, but after the buyback, the total bankroll would be $18.95 million.

If the profits were lower, things would take a turn for the worse for token holders. For example, if bankroll profits were only $2 million, then $3,520,000 would be used to buy back tokens, but after the buybacks, only $15.98 million would be left in the bankroll.

Adding to the risk is that bitcoin's price may decline (it did), and the "Token Price" portion of the buyback price may get more expensive in terms of bitcoin, and the bankroll and bets appears to be denominated in terms of bitcoin. It should be simple enough to convert any bankroll profits to dollars when buying back tokens.

The way I am reading how bankroll profits are used to fund buybacks, only 1% of bankroll profits are used for buybacks. This hardly sounds fair, but token holders were free to negotiate different/better terms before buying.

The entire setup appears asinine, and subjects everyone to unnecessary risks. I don't understand why a percentage of bankroll profits would not be converted to etherum, or a stablecoin that could be airdropped to token holders in the form of a dividend. A market may develop for these tokens to capture the anticipated future cash flows of the dividends.

The way I read the terms, betking needs to buyback token holders at the Token Price if bankroll profits are zero (he needs to buy back 10% of tokens).

A decreasing percentage of the original amount of tokens issued will need to be repurchased each quarter in order for 10% of the remaining tokens to be repurchased. The first quarter would see 10% of the original tokens repurchased, the second quarter would see 9% of tokens repurchased, the 3rd quarter 8.1%, and so on.

My question to betking would be: Were 10% of outstanding tokens offered to be repurchased at a price described above? If not, I believe you have not honored your obligations.

Anyone can correct me if there is an error in my understanding.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 09:17:57 PM
I see absolutely no proof presented from anyone that I scammed token holders, including LoyceV
I kinda wanted to give this post 50 Merit, and lock the thread. This post nicely summarizes your stance.
Instead, I've just archived (https://archive.is/OWXtK#selection-41789.0-41789.94) it.
It's quite normal for the defendant to deny everything, despite overwhelming evidence.
I don't think this topic has much more to offer. You have the red trust you deserve to warn others, I have my worthless tokens.


Please do not lock this thread.

Yes scammer Dean Nolan has the red trust he deserves but please keep this thread open because maybe one day he might want to visit here to post the word "sorry" which he clearly has difficulty in saying at the moment.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: PrimeNumber7 on March 23, 2019, 09:30:22 PM

I don't think this topic has much more to offer. You have the red trust you deserve to warn others, I have my worthless tokens.
I don't think any trust rating will do very much in warning most people. Businesses can advertise in many places on the internet, the majority of which will not be affected by the trust system.

The topic will allow anyone who is doing their due diligence to see what is going on and act accordingly. A thread that is locked implies the underlying issue is resolved/closed/no longer applies. 


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 10:09:32 PM
@PrimeNumber7 your analysis looks very accurate

The entire setup appears asinine, and subjects everyone to unnecessary risks. I don't understand why a percentage of bankroll profits would not be converted to etherum, or a stablecoin that could be airdropped to token holders in the form of a dividend. A market may develop for these tokens to capture the anticipated future cash flows of the dividends.

The problem is the name "betking ico" is a bit misleading. It was designed (and privately marketed) more as: "Dean Nolan's USD denominated debt token" but instead of offering any interest rate he offered a % of the site bankroll profit he would provide % of the bankroll profits. All costs associated with operating the site would be purely taken care of him. (this was done so "% of bankroll profits" is strictly +EV and investors didn't need to trust his ability to run a profitable business).

e.g. Just before he scammed everyone he told me he had some poker debts (in USD) and didn't want to lose his exposure to BTC. So I should buy a large sum of BKB tokens, which he would give me at a crazy favorable rate (something like 30% under their face-value, although I'd need to consult our chat logs to be sure) and would even provide me with an accelerated buy-back schedule.  [If anyone is wondering why I keep presenting a slightly different version, it's cause he made like ~5 attempts for me to give him money just before he scammed. Each i knocked back telling him I was unwilling to accept counter party risk by him, but would be willing to in an escrowed deal, which was something he would never agree to)]

This set off a huge amount of alarm-bells, why would he be willing to acquire BTC exposure ridiculously higher than market rate (e.g. bitmex) and then confirmed my suspicions by scamming his remaining token-holders.

But it's kind of pointless to try establish his motive/intentions, but I guess I can ask:

Had I bought the betking ~million dollars of  tokens you privately offered me, would've your honored the buyback agreement? Or would've my tokens been treated the same as everyone else's?


Quote
My question to betking would be: Were 10% of outstanding tokens offered to be repurchased at a price described above? If not, I believe you have not honored your obligations.

Exactly this.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 10:19:39 PM
Had I bought the betking ~million dollars of  tokens you privately offered me, would've your honored the buyback agreement? Or would've my tokens been treated the same as everyone else's?

You're asking if a business would be different or change it's roadmap if 4-5 months ago it raised an extra $1 million in investment? What do you think the answer is?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 23, 2019, 10:45:02 PM
You're asking if a business would be different or change it's roadmap if 4-5 months ago it raised an extra $1 million in investment? What do you think the answer is?

Well, you can see my trust feedback for my opinion. But the misdirection is kind of killing me. You wanted a personal loan (either directly, or via BKB tokens). And promised to pay it back personally. You claimed to have systems in place to automatically sell BTC to guarantee your obligation to token-holders, even if there was a sudden and expected BTC price fall. The million dollars would've had no utility to the business. Anyway, I'm never going to prove you tried to scam me. So why don't you answer the simple and direct questions asked of you?

Here's a good one:
Quote
My question to betking would be: Were 10% of outstanding tokens offered to be repurchased at a price described above? If not, I believe you have not honored your obligations.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 10:56:37 PM
You're asking if a business would be different or change it's roadmap if 4-5 months ago it raised an extra $1 million in investment? What do you think the answer is?

Well, you can see my trust feedback for my opinion. But the misdirection is kind of killing me. You wanted a personal loan (either directly, or via BKB tokens). And promised to pay it back personally. You claimed to have systems in place to automatically sell BTC to guarantee your obligation to token-holders, even if there was a sudden and expected BTC price fall. The million dollars would've had no utility to the business. Anyway, I'm never going to prove you tried to scam me. So why don't you answer the simple and direct questions asked of you?

Here's a good one:
Quote
My question to betking would be: Were 10% of outstanding tokens offered to be repurchased at a price described above? If not, I believe you have not honored your obligations.

So you say you can't prove i tried to scam you but leave a scam accusation anyway? That doesn't seem right and seems to be abuse of the trust system.

The other question can't be answered because PrimeNumber7 posted wrong information on how the ico, token value and buy back process worked.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BoXXoB on March 23, 2019, 10:58:40 PM
You're asking if a business would be different or change it's roadmap if 4-5 months ago it raised an extra $1 million in investment? What do you think the answer is?

Well, you can see my trust feedback for my opinion. But the misdirection is kind of killing me. You wanted a personal loan (either directly, or via BKB tokens). And promised to pay it back personally. You claimed to have systems in place to automatically sell BTC to guarantee your obligation to token-holders, even if there was a sudden and expected BTC price fall. The million dollars would've had no utility to the business. Anyway, I'm never going to prove you tried to scam me. So why don't you answer the simple and direct questions asked of you?

Here's a good one:
Quote
My question to betking would be: Were 10% of outstanding tokens offered to be repurchased at a price described above? If not, I believe you have not honored your obligations.

So you say you can't prove i tried to scam you but leave a scam accusation anyway? That doesn't seem right and seems to be abuse of the trust system.

The other question can't be answered because PrimeNumber7 posted wrong information on how the ico, token value and buy back process worked.

How about you post the right information instead of complaining how everyone is wrong without any information on HOW they are wrong?

Much appreciated...


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 23, 2019, 11:02:23 PM
You're asking if a business would be different or change it's roadmap if 4-5 months ago it raised an extra $1 million in investment? What do you think the answer is?

Well, you can see my trust feedback for my opinion. But the misdirection is kind of killing me. You wanted a personal loan (either directly, or via BKB tokens). And promised to pay it back personally. You claimed to have systems in place to automatically sell BTC to guarantee your obligation to token-holders, even if there was a sudden and expected BTC price fall. The million dollars would've had no utility to the business. Anyway, I'm never going to prove you tried to scam me. So why don't you answer the simple and direct questions asked of you?

Here's a good one:
Quote
My question to betking would be: Were 10% of outstanding tokens offered to be repurchased at a price described above? If not, I believe you have not honored your obligations.

So you say you can't prove i tried to scam you but leave a scam accusation anyway? That doesn't seem right and seems to be abuse of the trust system.

The other question can't be answered because PrimeNumber7 posted wrong information on how the ico, token value and buy back process worked.

How about you post the right information instead of complaining how everyone is wrong without any information on HOW they are wrong?

Much appreciated...

How about you read my posts and you would know the information?
What makes you think you are entitled to any information about a competitors business? You're not an investor are you?

How about you focus on your own site that raised $8-10 million and has not done any updates in the past year while your own token price has dropped 40%?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BoXXoB on March 23, 2019, 11:14:18 PM
You're asking if a business would be different or change it's roadmap if 4-5 months ago it raised an extra $1 million in investment? What do you think the answer is?

Well, you can see my trust feedback for my opinion. But the misdirection is kind of killing me. You wanted a personal loan (either directly, or via BKB tokens). And promised to pay it back personally. You claimed to have systems in place to automatically sell BTC to guarantee your obligation to token-holders, even if there was a sudden and expected BTC price fall. The million dollars would've had no utility to the business. Anyway, I'm never going to prove you tried to scam me. So why don't you answer the simple and direct questions asked of you?

Here's a good one:
Quote
My question to betking would be: Were 10% of outstanding tokens offered to be repurchased at a price described above? If not, I believe you have not honored your obligations.

So you say you can't prove i tried to scam you but leave a scam accusation anyway? That doesn't seem right and seems to be abuse of the trust system.

The other question can't be answered because PrimeNumber7 posted wrong information on how the ico, token value and buy back process worked.

How about you post the right information instead of complaining how everyone is wrong without any information on HOW they are wrong?

Much appreciated...

How about you read my posts and you would know the information?
What makes you think you are entitled to any information about a competitors business? You're not an investor are you?

How about you focus on your own site that raised $8-10 million and has not done any updates in the past year while your own token price has dropped 40%?


You certainly do have your ways to shift attention ;)

EDIT: Don't have to be an investor, just a player and an observer to make up my mind.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 23, 2019, 11:52:41 PM
Had I bought the betking ~million dollars of  tokens you privately offered me, would've your honored the buyback agreement? Or would've my tokens been treated the same as everyone else's?

You're asking if a business would be different or change it's roadmap if 4-5 months ago it raised an extra $1 million in investment? What do you think the answer is?
The answer is that you are a pathetic scammer who would have taken $1 million from RHavar had you been successful in your attempt to dupe him, then when it would inevitably all have gone downhill you would have no doubt said to him "I did not force you to invest, you should have applied due-diligence. No, actually I said this-that but I meant that-this so it is your fault for investing. Anyway it is a business I changed the direction of the business to the terms you invested and I can do it unilaterally because I am a dictator."

You pathetic little scammer - thankfully you fell flat on your face when you could not get RHavar to part with his crypto. Shame on you.





So you say you can't prove i tried to scam you but leave a scam accusation anyway? That doesn't seem right and seems to be abuse of the trust system.

The other question can't be answered because PrimeNumber7 posted wrong information on how the ico, token value and buy back process worked.

How about you post the right information instead of complaining how everyone is wrong without any information on HOW they are wrong?

Much appreciated...
;D
No chance of getting scammer Dean Nolan to respond that way






How about you post the right information instead of complaining how everyone is wrong without any information on HOW they are wrong?

Much appreciated...

How about you read my posts and you would know the information?
What makes you think you are entitled to any information about a competitors business? You're not an investor are you?

How about you focus on your own site that raised $8-10 million and has not done any updates in the past year while your own token price has dropped 40%?
:o

Here we go again....

Scammer Dean Nolan never answers the questions put to him and then asks people to read his answers. What an idiot scammer Dean Nolan is.

The scammer Dean Nolan that had $3.5 million in 2017 ICO funds for the bankroll but allegedly spent it on buy-backs to pocket cash while selling his own tokens too...

The scammer Dean Nolan that had $3.5 million in 2017 ICO funds for "marketing, promotions, seo, design, development, server costs and legal"...

and on top of that scammer Dean Nolan allegedly kept back 30 million tokens private tokens for "ICO bounties, testing bounties, advisors, hiring, future marketing and development"..

yet still oversaw more than 99% drop in value of his beloved betking tokens is complaining to other website owners.

The scammer Dean Nolan as recent as a few months back was trying to close betking and transfer over BKB tokens to his new "bitsafe" project but only AFTER having another ICO trying to raise $10 million of which nothing would go to BKB token holders - so it means scammer Dean Nolan would have it.

Pathetic little shameless low-life. What an imbecile.





Accounts involved
BetKing.io (https://bitcointalk.org/index.php?action=profile;u=565024) (-254)
BetKing Support (https://bitcointalk.org/index.php?action=profile;u=1055046) (-128)
PocketRocketsCasino (https://bitcointalk.org/index.php?action=profile;u=97219) (-126)
dean nolan (https://bitcointalk.org/index.php?action=profile;u=941114) (-64)


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: PrimeNumber7 on March 24, 2019, 12:39:06 AM
@PrimeNumber7 your analysis looks very accurate

The entire setup appears asinine, and subjects everyone to unnecessary risks. I don't understand why a percentage of bankroll profits would not be converted to etherum, or a stablecoin that could be airdropped to token holders in the form of a dividend. A market may develop for these tokens to capture the anticipated future cash flows of the dividends.

The problem is the name "betking ico" is a bit misleading. It was designed (and privately marketed) more as: "Dean Nolan's USD denominated debt token" but instead of offering any interest rate he offered a % of the site bankroll profit he would provide % of the bankroll profits. All costs associated with operating the site would be purely taken care of him. (this was done so "% of bankroll profits" is strictly +EV and investors didn't need to trust his ability to run a profitable business).
That was probably done to avoid breaking securities law enforced in the United States. I am not sure if this setup actually avoided running afoul of these laws though.

One of the things taught in accounting classes is that businesses should take out loans in durations that match their cash flows of what the business is borrowing for, so if a business is borrowing money to build a factory, it should not be in a position to have to repay the loan before cash flows from the factory are expected to have been generated. In other words, the time frame for receivables should roughly match the time frame for due dates of debts. Similarly, a business that earns its profits in dollars should not take out debts in Euros in case the value of the dollar goes down a lot.

Before the extra interest from the bankroll profit is taken into consideration, Dean was paying approximately 42% interest for things like bounties and marketing in the form of additional tokens issued. I cannot imagine someone intending to repay their debt being willing to pay that large a premium.

 
e.g. Just before he scammed everyone he told me he had some poker debts (in USD) and didn't want to lose his exposure to BTC. So I should buy a large sum of BKB tokens, which he would give me at a crazy favorable rate (something like 30% under their face-value, although I'd need to consult our chat logs to be sure) and would even provide me with an accelerated buy-back schedule.  [If anyone is wondering why I keep presenting a slightly different version, it's cause he made like ~5 attempts for me to give him money just before he scammed. Each i knocked back telling him I was unwilling to accept counter party risk by him, but would be willing to in an escrowed deal, which was something he would never agree to)]

This set off a huge amount of alarm-bells, why would he be willing to acquire BTC exposure ridiculously higher than market rate (e.g. bitmex) and then confirmed my suspicions by scamming his remaining token-holders.
He sold the tokens at 70 cents on the dollar because only 70 millions were available for sale, and 30 million were given to bounty hunters.

Who wouldn't want a free ~$400k, right?

I saw you talk about this (https://bitcointalk.org/index.php?topic=4893439.msg50234180#msg50234180) in a previous post, and you said that you have a "hard-requirement of not exposing (yourself) to counterparty risk" and I wanted to point out that having Dean deposit the bitcoin collateral with a reputable escrow would expose you to counterparty risk with the escrow. I agree it is not a good idea to expose yourself to counterparty risk to someone offering an "instant" 42% return. It also is maybe a good policy to not expose yourself to counterparty risk to anyone who approaches you with a business proposal over a threshold. 


You're asking if a business would be different or change it's roadmap if 4-5 months ago it raised an extra $1 million in investment? What do you think the answer is?

Well, you can see my trust feedback for my opinion. But the misdirection is kind of killing me. You wanted a personal loan (either directly, or via BKB tokens). And promised to pay it back personally. You claimed to have systems in place to automatically sell BTC to guarantee your obligation to token-holders, even if there was a sudden and expected BTC price fall. The million dollars would've had no utility to the business. Anyway, I'm never going to prove you tried to scam me. So why don't you answer the simple and direct questions asked of you?

Here's a good one:
Quote
My question to betking would be: Were 10% of outstanding tokens offered to be repurchased at a price described above? If not, I believe you have not honored your obligations.

...
The other question can't be answered because PrimeNumber7 posted wrong information on how the ico, token value and buy back process worked.
Can you explain how I was wrong? I do not want to keep incorrect information up, and will correct any mistakes that are noted.

Right now, the facts as understood by nearly everyone in this thread, and probably by most reasonable people reading this thread show you to be a scammer and as not honoring your obligations. If you can correct the record, then you should have an easier time conducting business if the record shows you have honored your obligations, and would probably result in you earning more profits.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 24, 2019, 12:57:36 AM
Can you explain how I was wrong? I do not want to keep incorrect information up, and will correct any mistakes that are noted.

Right now, the facts as understood by nearly everyone in this thread, and probably by most reasonable people reading this thread show you to be a scammer and as not honoring your obligations. If you can correct the record, then you should have an easier time conducting business if the record shows you have honored your obligations, and would probably result in you earning more profits.

You ask me to explain how you are wrong AFTER you post more assumptions and false information? Are you serious?

The facts by people in this thread? The people who are posting false claims with no evidence and ulterior motives?

The burdon of proof is not on me to show innocence here, I am the one being accused. The accusers should show hard evidence instead of biased opinions.
You have shown to fit that same category and so there's not really any point me discussing or explaining to you either. Your mind is clearly already made up.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on March 24, 2019, 01:10:14 AM
I saw you talk about this (https://bitcointalk.org/index.php?topic=4893439.msg50234180#msg50234180) in a previous post, and you said that you have a "hard-requirement of not exposing (yourself) to counterparty risk" and I wanted to point out that having Dean deposit the bitcoin collateral with a reputable escrow would expose you to counterparty risk with the escrow. I agree it is not a good idea to expose yourself to counterparty risk to someone offering an "instant" 42% return. It also is maybe a good policy to not expose yourself to counterparty risk to anyone who approaches you with a business proposal over a threshold. 

It's actually not too bad. My suggestion was that we use an escrow-agent to create a 2-of-3 multisig address (Where I am one holder, dean is another and the escrow the third). We would both commit enough funds into the multi sig-address (and keep it topped up) and have public payout addresses. Dean preliminarily agreed, so I talked to some extremely prominent members of the bitcoin community who agreed to escrow the deal. But that rapidly fell apart with nonsense excuses and kept offering amendments such that would break rule from the start: I am not going to enter a deal where I need to trust him with a million dollars.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 24, 2019, 01:21:04 AM
Can you explain how I was wrong? I do not want to keep incorrect information up, and will correct any mistakes that are noted.

Right now, the facts as understood by nearly everyone in this thread, and probably by most reasonable people reading this thread show you to be a scammer and as not honoring your obligations. If you can correct the record, then you should have an easier time conducting business if the record shows you have honored your obligations, and would probably result in you earning more profits.

You ask me to explain how you are wrong AFTER you post more assumptions and false information? Are you serious?

The facts by people in this thread? The people who are posting false claims with no evidence and ulterior motives?

The burdon of proof is not on me to show innocence here, I am the one being accused. The accusers should show hard evidence instead of biased opinions.
You have shown to fit that same category and so there's not really any point me discussing or explaining to you either. Your mind is clearly already made up.




http://i64.tinypic.com/2yuehvt.png


When are you launching the next scam ICO for your "bitsafe" project?



Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on March 24, 2019, 01:26:29 AM

When are you launching the next scam ICO for your "bitsafe" project?


will be launching the new project along with ico soon enough


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 24, 2019, 01:34:32 AM

When are you launching the next scam ICO for your "bitsafe" project?


will be launching the new project along with ico soon enough

Did not have to wait long for that question to be answered. Let me try another few...

Of the 600 BTC you allegedly used from the 2017 ICO bankroll funds in complete violation of the 2017 ICO promises when you unnecessarily funded the buy-back of BKB tokens, how many of those tokens were your personal tokens that you decided to cash in on?

And how much in BTC did you personally pocket from that?

How much in BTC of the bankroll remains?

How much of the 50% of the 2017 ICO funds that were supposed to be used for "marketing, promotions, seo, design, development, server costs and legal" remains?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 24, 2019, 06:06:28 AM
e.g. Just before he scammed everyone he told me he had some poker debts (in USD) and didn't want to lose his exposure to BTC. So I should buy a large sum of BKB tokens
At the ICO, Dean said the BKB tokens wouldn't be sold again.
My question:
Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever?
BetKing.io's answer (archived (https://archive.is/kPG44#selection-6897.0-6897.25)):
They won't be re-sold no.
That promise was broken a year later:
To save the risk of trading on hitbtc or with any potential scammers on telegram you can buy BKB directly on BetKing with 25% discount
https://betking.io/invest
(archived (https://archive.is/vaMFK#selection-1673.81-1673.135))



The burdon of proof is not on me to show innocence here, I am the one being accused. The accusers should show hard evidence instead of biased opinions.
As the accuser, I don't have to convince the accused. That didn't work before making this thread. This thread was meant to convince others, not you. You're clearly denying (https://bitcointalk.org/index.php?topic=5122856.msg50285839#msg50285839) everything.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: StackGambler on March 24, 2019, 06:08:21 AM

My question:
Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever?
BetKing.io's answer (archived (https://archive.is/kPG44#selection-6897.0-6897.25)):
They won't be re-sold no.
That promise was broken a year later:
To save the risk of trading on hitbtc or with any potential scammers on telegram you can buy BKB directly on BetKing with 25% discount
https://betking.io/invest
(archived (https://archive.is/vaMFK#selection-1673.81-1673.135))



This alone is enough to confirm that Dean is a liar/scammer and cannot be trusted in any capacity. Literally just this one quote.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 24, 2019, 11:59:39 AM
e.g. Just before he scammed everyone he told me he had some poker debts (in USD) and didn't want to lose his exposure to BTC. So I should buy a large sum of BKB tokens
At the ICO, Dean said the BKB tokens wouldn't be sold again.
My question:
Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever?
BetKing.io's answer (archived (https://archive.is/kPG44#selection-6897.0-6897.25)):
They won't be re-sold no.
That promise was broken a year later:
To save the risk of trading on hitbtc or with any potential scammers on telegram you can buy BKB directly on BetKing with 25% discount
https://betking.io/invest
(archived (https://archive.is/vaMFK#selection-1673.81-1673.135))



The burdon of proof is not on me to show innocence here, I am the one being accused. The accusers should show hard evidence instead of biased opinions.
As the accuser, I don't have to convince the accused. That didn't work before making this thread. This thread was meant to convince others, not you. You're clearly denying (https://bitcointalk.org/index.php?topic=5122856.msg50285839#msg50285839) everything.


I think the issue at hand is clear.

When someone acts as a dictator and feels he can do whatever he wants without scrutiny because investors are swallowing up the rubbish excuses he gives them, then he will no doubt continue to scam because he would feel he could get away with it.

If there were monthly audits and financial scrutiny then none of this would have happened.

Look at his attempted $10 million scam for his "bitsafe" project. He was inviting investors in the ICO but mainly BKB investors he had them duped while betking failed. He made a unilateral decision (by fooling investors in to accepting betking was dead and bitsafe was the future) to close betking and switch BKB tokens over to his new BTSC tokens. He made it clear the website and exchange software was complete but he still wanted $10 million from the ICO for "website development". Then he changed his mind and went for betking EOS tokens to try and give betking one last shot at some sort of success before closing it down.

Since there is no audit or scrutiny of funds/expenditure this scammer Dean Nolan had diverted funds to all sorts of places including:

- Profiting directly by siphoning funds or by selling his personal tokens using 600 BTC bankroll in buy-backs
- Hiring developers to make his bitsafe project using betking funds to pay them
- Reselling of BKB tokens directly on the betking website that were never supposed to be re-sold
- He refused to pay 20 BTC +EV to winners of the 2018 betking Christmas Wager and refused any audit to see what really happened
- Lots more

The man is a serial scammer, he will hopefully get jail time or at the very least the UK Police (Scotland Sheriff) will arrest him and interview him about his illegal activities surrounding the betking scam.



Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: BoXXoB on March 24, 2019, 12:05:56 PM
e.g. Just before he scammed everyone he told me he had some poker debts (in USD) and didn't want to lose his exposure to BTC. So I should buy a large sum of BKB tokens
At the ICO, Dean said the BKB tokens wouldn't be sold again.
My question:
Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever?
BetKing.io's answer (archived (https://archive.is/kPG44#selection-6897.0-6897.25)):
They won't be re-sold no.
That promise was broken a year later:
To save the risk of trading on hitbtc or with any potential scammers on telegram you can buy BKB directly on BetKing with 25% discount
https://betking.io/invest
(archived (https://archive.is/vaMFK#selection-1673.81-1673.135))



The burdon of proof is not on me to show innocence here, I am the one being accused. The accusers should show hard evidence instead of biased opinions.
As the accuser, I don't have to convince the accused. That didn't work before making this thread. This thread was meant to convince others, not you. You're clearly denying (https://bitcointalk.org/index.php?topic=5122856.msg50285839#msg50285839) everything.

Should I be surprised once some foolproof information against Dean was provided he isn't here to respond? Good job there LoyceV, that's clearly something he can't even deny imo.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: SyGambler on March 24, 2019, 12:19:36 PM
the damage was already done and I'm sure token holders have no chance , but since Dean is planning to launch another ICO then such accusation may save future investors

what's really annoying me is that the site didn't make any progress , none of the promises that were made during ICO happened
there was no progress at all and there was  terrible management going on , that was obvious after poker and sportsbetting launch


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 24, 2019, 12:26:46 PM
Should I be surprised once some foolproof information against Dean was provided he isn't here to respond? Good job there LoyceV, that's clearly something he can't even deny imo.

Serial scammer Dean Nolan has already covered that aspect of the argument by previously playing the following "I am totally innocent and did nothing wrong" card yesterday:

You're asking if a business would be different or change it's roadmap if 4-5 months ago it raised an extra $1 million in investment? What do you think the answer is?

He effectively is saying he is a dictator, he can unilaterally change direction to the extent of wanting to close betking down as recent as a few months ago as it was failing and was a waste of time then open bitsafe scam exchange and then again change his mind putting the bitsafe scam on hold while using EOS BKT tokens to give betking one more chance at success hoping to bring in 200,000 new users. It failed again, betking is dying fast. https://bitcointalk.org/index.php?topic=5122856.msg50285774#msg50285774

Serial scammer Dean Nolan is the one pulling all the strings without scrutiny. He claims he does it with general consensus of investors but there is no evidence of this. At the worst he is out-and-out lying but at the very least he is the one planting ideas in to the minds of investors then getting them to agree to his nonsense.

Think about it for a minute.... if there were 100 million BKB tokens created in the 2017 betking ICO and serial scammer Dean Nolan retained 30 million on behalf of betking for "ICO bounties, testing bounties, advisors, hiring, future marketing and development" where are those tokens now?

If there were 70 million BKB tokens sold in the crowdsale and serial scammer claims betking bought back 70 million tokens illegally using 600 BTC from the bankroll then that raises two very important questions. First, how many tokens are out there that were not purchased back because 30m + 70m = 100 million BKB tokens that were created....

... and second, if next to nobody owns any of betking anymore since almost all of them sold up - betking "owns" the remaining bankroll funds and betking owns whatever is left of the 50% of the 2017 ICO funds that were supposed to be used for "marketing, promotions, seo, design, development, server costs and legal".

It means betking is sitting on a lot of money even now and there are next to nothing in investors that partially own betking.

Serial scammer Dean Nolan is the only one who made a massive profit on the betking scam. Literally for doing little work he probably pocketed millions. How on earth does somebody who took an almost thriving business and drove it in to the ground because of mismanagement and greed manage to still stay in-charge a la dictator?





http://i66.tinypic.com/ws9pj5.png


Oh well here we go.... this screenshot taken a few minutes ago shows what is left of the bankroll when the following information shows what was raised in the 2017 betking ICO:

https://bitcointalk.org/index.php?topic=1842538.msg21483982#msg21483982

1,046.60623397 BTC
4,614.61055431 ETH
833.38469263 LTC
Total: $6,497,165.94


And 50% of it was supposed to go to the bankroll meaning: 500 BTC, 2250 ETH & 425 LTC were supposed to go the bankroll but this serial scammer Dean Nolan claims he used 600 BTC from the bankroll illegally to buy-back tokens when that was NEVER part of the 2017 betking ICO commitments.

Serial scammer Dean Nolan is an absolute disgrace by mismanaging $6.5 million of other peoples money gained from the 2017 betking ICO. Some of it no doubt ended up in his pockets and the rest spent unnecessarily.

The betking bankroll was worth $3.25 million immediately after the 2017 ICO ended but it was rising to around $9 million in its peak December 2017 ATH BTC prices but now the whole bankroll is worth lower than $150,000

Just less than 3 months after the 2017 ICO ended which brought in $6.5 million for betking, the whole ICO funds were worth around $19 million thanks to the ATH BTC prices in December 2017 but this scammer never allowed audits so nobody can be sure how he mismanaged funds and why BUT the state of the bankroll is clear which has shrunk since the 2017 ICO ended.









Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: Coin-1 on March 24, 2019, 09:00:58 PM
https://betking.io/exchange doesn't have any buy orders at BTC-BKT. There are buy orders at LTC-BKT, with the last price being 0.000001 LTC per BKT.
That means my 7278 BKB are worth 145563 BKT which is worth 0.145 LTC which equals $8.21. That's close to a 99% drop from the fixed pegged in dollar price BetKing guaranteed at it's ICO.
I should have been able to sell back 10% quarterly at a rate pegged in dollar, meaning around $70 for the first quarter, $63 the next quarter and so on.

In fact, you invested in this ICO and suffered losses of about $700. I am surprised that the BKB token price has fallen so drastically. Yes, its ROI is approximately -99%.

I found this ERC20 token on Etherscan:
https://etherscan.io/token/0xb2bfeb70b903f1baac7f2ba2c62934c7e5b974c4

Quote
BetKing Bankroll Token
Total Supply: 100,000,000 BKB
Holders: 385 addresses
Transfers: 2,178

As I can see, 385 users currently hold BKB tokens.



You can give me -9999 trust all you want. Doesn't make a difference.

I think that good reputation is important if you want to run a successful business. LoyceV is a honest token holder who trusted and helped you, expecting the BKB token price to be pegged to the US dollar.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: game-protect on March 25, 2019, 01:02:49 AM
I see absolutely no proof presented from anyone that I scammed token holders, including LoyceV
Open your eyes! BetKing scam (https://game-protect.com/betking-scam)

Quote
The token value is calculated as:

I + (P /100,000,000)

Where I is the initial token price after the IC0, $0.09286 and P is the total site profit from all games and currencies at the current exchange rate in $.

The exchange rate in $ for the currencies increased enormously while the price for the BKB fantasy token in $ remained the same and later decreased close to zero!

Please show us the calculation for the BKB fantasy token price in $ during the time when the exchange rate for currencies increased enormously?


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: asche on March 25, 2019, 09:56:41 AM
Actually the fun thing is, they might even be convinced themselves they did nothing wrong. And this is even worse.

This shows how perception can easily shift between different people.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 25, 2019, 10:14:24 AM
betking bankroll status immediately after the ICO compared with today:


September 2017: 500 BTC, 2250 ETH & 425 LTC (over $3.25 million)

March 2019: 19 BTC, 278 ETH & 445 LTC (less than $150,000)


Complete mismanagement and disastrous decision making by scammer Dean Nolan has led betking to the verge being shut down.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on March 25, 2019, 11:45:44 AM
September 2017: 500 BTC, 2250 ETH & 425 LTC (over $3.25 million)[/size]

March 2019: 19 BTC, 278 ETH & 445 LTC (less than $150,000)
These numbers come from "Investor Stats". I can't tell if any of the ICO funds are used for bankroll now, it looks like the entire bankroll now comes from third parties.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 25, 2019, 12:15:31 PM
September 2017: 500 BTC, 2250 ETH & 425 LTC (over $3.25 million)

March 2019: 19 BTC, 278 ETH & 445 LTC (less than $150,000)
These numbers come from "Investor Stats". I can't tell if any of the ICO funds are used for bankroll now, it looks like the entire bankroll now comes from third parties.

Well if he converted the 50% of the 2017 ICO funds that were supposed to be used for the bankroll from ETH/LTC to BTC, then he allegedly used those bankroll funds approximately 600 BTC (in direct contravention of the 2017 ICO promises) for buy-backs there would be next to nothing of the 2017 ICO bankroll remaining.


edit:

Scammer Dean Nolan is looking for more bankroll investors just 18 months after getting $3.25 million specifically for the bankroll in the ICO and then illegally using the bankroll to fund buy-backs which no doubt included his own BKB tokens which he offloaded  ::)

http://i67.tinypic.com/21oyqf9.png


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: PrimeNumber7 on March 26, 2019, 05:13:13 AM
The burdon of proof is not on me to show innocence here, I am the one being accused. The accusers should show hard evidence instead of biased opinions.
You have shown to fit that same category and so there's not really any point me discussing or explaining to you either. Your mind is clearly already made up.
You are absolutely correct. The burden of proof when alleging a crime or a tort is always on the accuser, and the accused should be presumed innocent until the evidence shows guilt beyond a reasonable doubt when it comes to crimes, and based on the preponderance of evidence in terms of torts.

I have to say the evidence as is currently presented makes it appear that you scammed the token holders of your ICO by failing to buy back 10% of tokens every quarter. This is based on posts from your ICO OP and from your own statements.

I have to agree that JollyGood looks like he is pursuing a smear campaign against you and your business. It was in part because of this that when I started writing my first post in this thread, it was defending you, however once I worked through the details my opinion changed against you.

I saw you talk about this (https://bitcointalk.org/index.php?topic=4893439.msg50234180#msg50234180) in a previous post, and you said that you have a "hard-requirement of not exposing (yourself) to counterparty risk" and I wanted to point out that having Dean deposit the bitcoin collateral with a reputable escrow would expose you to counterparty risk with the escrow. I agree it is not a good idea to expose yourself to counterparty risk to someone offering an "instant" 42% return. It also is maybe a good policy to not expose yourself to counterparty risk to anyone who approaches you with a business proposal over a threshold. 

It's actually not too bad. My suggestion was that we use an escrow-agent to create a 2-of-3 multisig address (Where I am one holder, dean is another and the escrow the third). We would both commit enough funds into the multi sig-address (and keep it topped up) and have public payout addresses. Dean preliminarily agreed, so I talked to some extremely prominent members of the bitcoin community who agreed to escrow the deal. But that rapidly fell apart with nonsense excuses and kept offering amendments such that would break rule from the start: I am not going to enter a deal where I need to trust him with a million dollars.
I believe there is still counterparty risk, although smaller when using 2-of-3 multisig escrow arrangement as you describe. If the escrow agent engages in collusion (no pun intended regarding current events in the States) with your trading partner, the money being held could be stolen. The escrow agent does not even need to make an affirmative statement agreeing to collude with your trading partner (risking his reputation), if your trading partner presented a signed transaction to the escrow agent sending the coin being held in part to your trading partner, and in part to the escrow agent, all the escrow agent would need to do is sign/broadcast the transaction.

A setup that involves less counterparty risk would be a 3-of-4 multisig setup similar to what you describe with an additional escrow agent acting as the 4th keyholder. If either escrow agent presents a signed transaction sending coin in a way it shouldn't be, his reputation is at risk and he may not end up with any illegitimate coin.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 26, 2019, 01:07:40 PM
I have to agree that JollyGood looks like he is pursuing a smear campaign against you and your business. It was in part because of this that when I started writing my first post in this thread, it was defending you, however once I worked through the details my opinion changed against you.


There was no agenda for a smear campaign against betking or against scammer Dean Nolan.

What did (and does) set betking apart from the others in my Scam Alert signature is that I was frantically active in the 2017 betking ICO thread warning potential investors that it was no doubt a scam. This was very soon after I registered my account in the forum. The way many of those bounty participants ganged up around myself, RichGang, iluvebitcoins, chazley and a couple of others to relentlessly attack us and to push our posts further down and out of view was something that was probably choreographed and encouraged by scammer Dean Nolan. The moment the ICO was over, the moment the bounty program ended (early and made many bounty participants upset) all those bounty hungry users that were attacking us effectively left scammer Dean Nolan to defend himself, alone - and he could not defend himself against the allegations.

It has been 18 months since the re-launch of the betking post-ICO website and it has been a $6.5 million disaster. The blame squarely and firmly lay with scammer Dean Nolan and nobody else. Had there been real leadership on his part, had he been open and transparent about the nature of his expenses then much of the hassles and issues could have been avoided.

Just four months ago he was closing betking down because it was a loss making disaster with no chance of ever catching up with Primedice, Stake, Bustabit, Bustadice, Bitsler and many others. He made a choice he was going to open a crypto exchange called "bifsafe" after another ICO and transfer existing BKB tokens to that platform but after diluting their value further because at least 100 million "bitsafe" tokens were to be created. Then he changed his mind weeks later and tried to cash-in on the "name and brand" betking once had a LONG time ago and decided to go down the EOS tokens route in the hope to bring in 200,000 new users by using airdrops and freebie give-aways - thus further diluting BKB token holders investment. He abandoned his plans for the "bitsafe" ICO which he started in November 2018 because of lack of investment so decided to give betking another try at success which has failed miserable thus far and shows no sign of ever being a profitable entity again.

Think about it, after he ran betking in to the ground he wanted to raise another $10 million for a crypto exchange he already had completed but was looking for investment for "development".

50% of the 2017 betking ICO funds were supposed to be held in a cold storage for "marketing, promotions, seo, design, development, server costs and legal" yet this scammer Dean Nolan re-launched the identical betking website post-ICO to the one he had when it closed in December 2016 with no development or apps or custom created games or anything else. From what I can see ALL of the 2017 ICO promises were broken (and breaking some of them such as the alleged 600 BTC buy-back of tokens when the funds used were specifically for bankroll and was a selling point to investors in the 2017 ICO whitepaper) could even be classed as criminal and I have been told it could be of interest to the police.

After highlighting and pointing everything out scammer Dean Nolan did not so much as even apologise to the people he ripped off. Had he apologised and tried to make amends and had he been more transparent allowing audits of expenditure then things would have been different for him, his investors and his base of game players but scammer Dean Nolan is a dictator who thinks the money he received in the ICO was his personal money to do with as he pleased without scrutiny and with impunity.

There is no smear campaign against scammer Dean Nolan or betking but there is a desire to have this scammer investigated by the Police and hopefully they will decide there is enough evidence against him to charge him with multiple criminal offences. He thinks by registering the company that owns betking in Costa Rica it is going to protect him because he himself resides in the UK but that will not help him.

Time will tell what will happen to this scammer but the fact is in September 2017 the betking ICO brought in $6.5 million but he mismanaged it to the point of closure and then in November 2018 (around 14 months later) he was trying to raise $10 million for "bitsafe".

He is a serial scammer who deserves to be held to account here (and hopefully in a court of law too) so gullible people and newbies do fall for his scams.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: game-protect on March 26, 2019, 01:20:40 PM
betking bankroll status immediately after the ICO compared with today:


September 2017: 500 BTC, 2250 ETH & 425 LTC (over $3.25 million)

March 2019: 19 BTC, 278 ETH & 445 LTC (less than $150,000)


Complete mismanagement and disastrous decision making by scammer Dean Nolan has led betking to the verge being shut down.
All his behavior clearly confirms that he collected at best crypto currencies worth $300,000 September 2017 and nowhere near $ millions as he false and misleading claims!

Stating false investment numbers to attract other potential victims is investment fraud!

I was affiliate for this scam project and checked his scam website regularly and can confirm that he behaved like having not more than $300,000 on hand. I can not speak for the bankroll, but for building his scam casino website and marketing he behaved like a small child having $50,000 on hand! :D

For months only Dice was running, but if you have millions you will have introduced everything within a few months. You also will not start offering poker with leaderboard prices and thereafter remove it. With millions on hand you will built up a successful online casino, with only $300,000 on hand and incompetent of course not! ::)



Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 26, 2019, 04:00:16 PM
All his behavior clearly confirms that he collected at best crypto currencies worth $300,000 September 2017 and nowhere near $ millions as he false and misleading claims!

Stating false investment numbers to attract other potential victims is investment fraud!

I was affiliate for this scam project and checked his scam website regularly and can confirm that he behaved like having not more than $300,000 on hand. I can not speak for the bankroll, but for building his scam casino website and marketing he behaved like a small child having $50,000 on hand! :D

For months only Dice was running, but if you have millions you will have introduced everything within a few months. You also will not start offering poker with leaderboard prices and thereafter remove it. With millions on hand you will built up a successful online casino, with only $300,000 on hand and incompetent of course not! ::)

I am sorry about the manner in which you were scammed, no affiliates should have been scammed in any project. He also scammed several other people from the early days of his Pocket Rocket Casino too and some of those victims left appropriate red feedback for him and his scam websites.

Regarding the actual amounts of the ICO, they have been mentioned several times: https://bitcointalk.org/index.php?topic=1842538.msg21483982#msg21483982

From scammer Dean Nolan - start quote:

"Final exchange rate on bitfinex.com at ICO end

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FFF59JB3.png&t=599&c=IZe-rYA1VLh3cg

Total funds raised:

1,046.60623397 BTC
4,614.61055431 ETH
833.38469263 LTC

Total: $6,497,165.94 " - end quote

How are you coming to figures of $300,000 when the following information is correct because 50% of the 2017 betking ICO funds were to be used specifically for the bankroll?:

BTC 1046/2 = 523 BTC
ETH 4614/2 = 2307 ETH
LTC   833/2 = 416 LTC

$6.5 million /2 = $3.25 million


I agree with your assertion that for months betking operated just as a dice site and scammer Dean Nolan did not introduce the flurry of games he mentioned in the 2017 ICO whitepaper so he was in complete violation of a commitment that was used to target investors. It was a clear breach of the commitments he made in the 2017 betking ICO whitepaper because all he did was to add Sportsbook then remove it, then add Livetable affiliate plugins before removing them too. They were one of many lies, poor choices and very bad decisions made by scammer Dean Nolan but your calculations of $300,000 seem wholly incorrect.

All the available evidence suggests the doomed 2017 betking ICO did raise $6.5 million and 50% of it (which equates to $3.25 million) was supposed to be used exclusively for the bankroll.

Whether he did indeed use the funds in the way he claimed he would when he was enticing investment via the 2017 betking ICO whitepaper will only be known after a criminal investigation IF the UK Police decide to conduct one after they receive my case file and that is because scammer Dean Nolan has shrouded all activities related to betking and the usage of the 2017 betking ICO funds in secrecy.

Had he been open and transparent allowing for audits and financial scrutiny then the vast majority of issues would either have never arose or would have been addressed before they became even bigger issue.

 


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: game-protect on March 26, 2019, 11:10:47 PM
Where is proof that these amounts were collected and where is proof that the bankroll was $3.25 million?

Also, in the meantime the price of crypto currencies increased for some hundred percent and therefore the bankroll would have been $3.25 million x 3 $9.75 million.

But if a clown has a bankroll of $9.75 million, why does he offer only a joking dice service?

And why scam affiliates if he has $ millions?

It more looks like that he was close to broke and tried to scam wherever he could! :D


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 27, 2019, 03:11:01 PM
Where is proof that these amounts were collected and where is proof that the bankroll was $3.25 million?

Also, in the meantime the price of crypto currencies increased for some hundred percent and therefore the bankroll would have been $3.25 million x 3 $9.75 million.

But if a clown has a bankroll of $9.75 million, why does he offer only a joking dice service?

And why scam affiliates if he has $ millions?

It more looks like that he was close to broke and tried to scam wherever he could! :D

I agree with you, it seems shady that with all that many millions in the bankroll, betking cannot justify just having a dice game and yes he might well be almost broke/insolvent now but he claims he spent 600 BTC for illegal buy-backs of BKB tokens.

If he had any funds from the ICO remaining he would have easily paid the 2 BTC licence fee to use the Crash software instead of scamming the software owner and furthermore probably would have paid the buy-back token rate to LoyceV to the tune of around $650 just in order to save the negative publicity that this thread has brought upon scammer Dean Nolan and betking.

Just because scammer Dean Nolan might not have much of the 2017 ICO funds left does not mean he did not have it to start with. And yes I agree, at the point just 3 months after the ICO ended in September 2017 the value of ICO investors funds jumped from $6.5 million to around $26 million in December 2017 (if you use the 1411 BTC figure with approximately $19,000 per Bitcoin). Exactly the number of tokens spent, cashed in and where the funding went is a mystery because scammer Dean Nolan does not allow audits.

Regarding your comment about the affiliates, I have no idea why he scammed affiliates if he had those millions just like I do not know where and how the funds were mismanaged. I do not think he was broke at the time of the 2017 ICO simply because the amount raised was too big to ignore, I do believe though betking is in serious financial trouble now and has been for some time and that is simply because of fraud and mismanagement.

One thing for sure is that scammer Dean Nolan himself stated he spent 600 BTC of near the total 1411 BTC (equivalent) raised in the 2017 ICO for buying-back BKB tokens from funds which were supposed to be used exclusively and specifically for the bankroll. It was one of selling points used to entice investors in the 2017 ICO. This is just one of the issues that I hope the UK Police (Scotland Sheriff) will look in to because if one person says that move was:

"illegal, it was fraud and it was a front in order for scammer Dean Nolan to sell his own tokens and/or it was a mechanism for scammer Dean Nolan to illegally sell a portion of the 30 million BKB tokens and pocket the funds for himself. It was also negligence and mismanagement on an industrial scale"

but the dictator running the betking website says it was:

"unfortunate, it was mismanagement, there were some bad business decisions but not fraud"

.. then we shall leave it to the police to decide what action (if any) they will take.



Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on March 29, 2019, 11:42:49 AM



Well since my post above I have been keeping an eye from time to time on the betking bankroll. It was regularly floating around the 19 BTC mark but miraculously it was more than doubled just a day or so after I posted the image on 24th March 2019. Figure that out.

It is safe to say that investors most definitely did not contribute to the increase.

Why scammer Dean Nolan decided to increase the bankroll by adding Bitcoin to it (and where did those funds come from) are difficult to ascertain because of the secrecy he shrouds himself in.

Having said that, this is what the stats look like today:


http://i64.tinypic.com/27wyn0n.png

-----------------------------------------------------------------

http://i68.tinypic.com/3524tjc.png


Of the staggering 10 billion BKT tokens created using EOS here is a breakdown:

10% which is 1 billion were reserved for BKB conversions - of which just 36% have been used (366,978,922)
10% which is 1 billion were reserved for "the team" - whatever that means and allegedly "0" have been used
30% which is 3 billion were reserved for airdrops - around 22% have been used (675,476,101)
20% which is 2 billion were reserved for promotions (leaderboard, affiliates, bounties, etc) - around less than 2.5% have been used (47,544,389)
30% which is 3 billion were reserved for mined From Bet Mining - around less than 4% have been mined (116,651,747)

Considering scammer Dean Nolan was closing down betking in December 2018 / January 2019 and replacing it with his next scam (bitsafe crypto exchange) but had to plan again because nobody wanted to invest in "bitsafe", do you think the above listed token distribution was a competent manner to try to "save" betking?

I fail to see why the token distribution could not have been more generous to existing BKB token holders. After all, it the "team" get 1 billion BKT for effectively bringing betking to the verge of closure why were existing BKB token holders given an exchange that saw them lose 99% of the original guaranteed value of BKB tokens as per the 2017 betking ICO? Scammer Dean Nolan mentioned on many occasions there was no "team" and that he hired freelancers to work for him but that contradicted the part where he claimed he had 6 developers working for him for 1 year after the ICO.

So why is the betking "team" getting 1 billion tokens valued currently at $1.2 million?

Surely whatever scammer Dean Nolan siphoned-off from the 2017 betking ICO should have been enough so what exactly has he done that warrants him getting another $1.2 million? Who did he discuss this with and who gave him permission? Was he acting in the role of "dictator" again when he made the decision to give himself another £1.2 million?

Scammer Dean Nolan wrote: "The token price was $0.09286 after the ICO. The token value is calculated as $0.09286 + ((total bankroll profit of eth, btc, ltc in $ at current exchange price) / 100,000,000) Which is now $0.0966. A profit of $0.00374 per token": https://bitcointalk.org/index.php?topic=2150057.msg25690525#msg25690525

The value of BKB held by LoyceV should have been 7278 BKB x $0.09286 (+profits) = $675.84 minimum flat rate without any profits to take in to consideration.

If the site made no profit betking should guarantee a buy-back of BKB at $0.09286 as per scammer Dean Nolan personally guaranteeing he would cover it even if BTC dropped to $1

Scammer Dean Nolan has a minimum of $1.2 million worth of BKT tokens after making the switch from BKB to BKT yet he refused to give LoyceV just $675 of his BKB guaranteed buy-back tokens. He also told LoyceV that the drop in price is partly his fault because he did not "promote" betking... Pathetic.

In the process scammer Dean Nolan ruined the very little reputation that he and his betking had left.




Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: game-protect on March 29, 2019, 03:33:30 PM
He also told LoyceV that the drop in price is partly his fault because he did not "promote" betking... Pathetic.
Yes, not fulfilling investment promises is a criminal offense!



Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: Lauda on April 14, 2019, 05:50:06 AM
I'll drop this here so I don't have to keep this garbage in my PM folder:

Why have you given me negative trust for being an alt of an account used to run an old site?
Even your reference shows me telling people that.
That is not an offence or any reason to have a negative review.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on April 15, 2019, 12:39:26 AM
I'll drop this here so I don't have to keep this garbage in my PM folder:

Why have you given me negative trust for being an alt of an account used to run an old site?
Even your reference shows me telling people that.
That is not an offence or any reason to have a negative review.
Thank you for posting his PM here. One day he says he does not care if he gets -9999 trust and another he sends you PMs



When are you launching the next scam ICO for your "bitsafe" project?


will be launching the new project along with ico soon enough
This is quite interesting too. Another ICO attempt to make serial-scammer Dean Nolan several more millions.

I wonder how many others he sent PMs to trying to engage in chit-chat with in the hope of having his red feedback reduced.


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: game-protect on April 20, 2019, 05:17:37 PM
Considering the silence, looks like his recent scam attempt failed! :D


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: PrimeNumber7 on April 22, 2019, 05:46:39 AM
I have to agree that JollyGood looks like he is pursuing a smear campaign against you and your business. It was in part because of this that when I started writing my first post in this thread, it was defending you, however once I worked through the details my opinion changed against you.
There was no agenda for a smear campaign against betking or against scammer Dean Nolan.
Noted.

My suggestion is that you stop posting in these threads about betking. If you will not do that I would stop referring to its owner as "scammer Dean Nolan".

My personal opinion is that betking appears to be owned by a scammer, and if its owner is named "Dean Nolan" my opinion is it would not be inaccurate to refer to him this way.

The way you post in this thread gives me sympathy to betking, that only goes away after a close examination of the evidence and facts surrounding his ICO/debt tokens. I don't know that other people will be willing to take the time to review the evidence as closely as I did.

Just my two cents, you can take it or leave it.


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: RHavar on April 30, 2019, 07:40:11 AM
Apparently Dean is now telling people that it is a misconception that he promised the terms of buy-backs in the first place. He seems to be claiming people who used them as a USD hedge were misunderstanding the terms of ICO. While this is kind of silly for people who were around at the time of Dean repeatedly making such promises (and me having private chat logs of him promising it's personally guaranteed by him and encouraging its use to decrease my BTC exposure just days before he scammed everyone with it).

If anyone has the time, could they help compile a list of quotes of where Dean publicly stated the buy-back policy or endorsed investors understanding of it (especially regarding it being a USD hedge)? It would be nice to have a post to link someone to that definitively demonstrates Dean did make such promises and they were the common-understanding between him and investors.


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on April 30, 2019, 07:53:08 AM
Apparently Dean is now telling people that it is a misconception that he promised the terms of buy-backs in the first place. He seems to be claiming people who used them as a USD hedge were misunderstanding the terms of ICO.
I've seen so many scammers try to change their story to convince new victims they're just misunderstood so they can scam more people.

Quote
If anyone has the time, could they help compile a list of quotes of where Dean publicly stated the buy-back policy or endorsed investors understanding of it (especially regarding it being a USD hedge)?
I don't have the time to do this, but would like to see such a list indeed.


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on April 30, 2019, 11:07:58 AM
Apparently Dean is now telling people that it is a misconception that he promised the terms of buy-backs in the first place. He seems to be claiming people who used them as a USD hedge were misunderstanding the terms of ICO.
I've seen so many scammers try to change their story to convince new victims they're just misunderstood so they can scam more people.

That is a regular usual pattern 99% of these scammers apply. They alter and they change the narrative of various promises to suit their present needs. I am not surprised in the least about this altering facts and selective amnesia from serial-scammer Dean Nolan.

I was calling out serial-scammer Dean Nolan for well over a year but with hardly anybody accepting it. Thankfully occasional posts were made by users from back in the day when serial-scammer Dean Nolan was using pocketrocketcasino and during the early days of betking to scam affiliates

Then everything changed when I made that fateful post in the Bustabit thread asking whether serial-scammer Dean Nolan scammed Bustabit by not paying 2 BTC licence fee: https://bitcointalk.org/index.php?topic=2897545.msg47430632#msg47430632

This was the post which drew a response from the Bustabit owner followed by a response from serial-scammer Dean Nolan and the whole things generated pace as the betking scam unravelled.

Add to that this fantastic scam thread started by LoyceV and it effectively left betking with zero credibility and zero future.

Serial-scammer Dean Nolan will try to utilise betking for maximum personal profit as much as he can before calling it a day and trying his luck at scamming the next batch of his ICO investors with the bitsafe exchange scam, maybe that is why he is altering the facts and presenting a new narrative in order to dupe gullible investors and newbies



Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: tortic25 on May 01, 2019, 02:35:18 AM
What Dean did is obviously horrible. Loyce, thank you for the write-up. However, the way I see it, a part of the blame also falls into the hands of the victim. This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming. I mean, the very idea is ridiculous. I feel very sorry for the people who lost money in this... although it was obvious, let it be a lesson to everyone not to fall for such blatant lies.

No one lost money in this (except me).
They claim to know people who say they have lost money but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision and I have explained how the new system works and that he should wait.
Instead he wants attention and just shouts scam (note Loyce didn't even buy tokens in the ico, he got them from bounty)
But it is not the concern of anyone in this forum who didn't own BKB from the original ICO.

Tbh i don't understand the point of this, before betking.io you had a different dice site with a bankroll of 1-2 million "i think" i don't know why you closed that and started an ico offering such a large amount of profits, and the old site had more players then you do now.

and before that you had pocketrocketscasino which wasn't no where near as big as these two, but imo it had the most potential. the "be the house feature" it was like moneypot 3-4 years before it was even created, and they where really popular in the beginning before they made a bunch of bad decisions.

So i can't understand how you went from "successful" to "losing money"


I'm sure if they did actually lose money or felt they had they would be in contact.

I joined the signature campaign and ill admit i entered the username wrong or something i don't remember, but i couldn't link my btctalk account. and just to be clear "linking my btctalk may be wrong" this was so long ago i'm not sure how it worked all i know is i read the instructions, saw i mistyped something and couldn't change it.  I wrote you 3 emails and didn't get a reply. i still had the betking avatar and sig on my account for 5-6 months and never got one reply.


Country restrictions
it's also shitty that "united states was banned 1-2months after launch"
i'm sure running 2 previous casinos you where aware of any legal troubles, that you could have investigated before launch.

So i'm sure you already knew that you where going to do this, and kept this information from investors, a big decision factor for investing in the ico.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on May 01, 2019, 10:35:37 AM
Tbh i don't understand the point of this, before betking.io you had a different dice site with a bankroll of 1-2 million "i think" i don't know why you closed that and started an ico offering such a large amount of profits, and the old site had more players then you do now.
A short summary (by heart) from other topics: Dean was tired of running the site by himself, even though it was very profitable at the moment. He tried to sell it several times, but asked for too much, and eventually closed it to do something else.

Quote
So i can't understand how you went from "successful" to "losing money"
By Dean's own claims he earned more than 1000 Bitcoin from the ICO and bought back BKB tokens for 600 Bitcoin. Dean will claim I don't know what I'm talking about, but he also doesn't give detailed information.
I've read speculation of Dean losing it in trading, but that's just speculation.

To quote Dean:
All profit made on bankrolled games will be audited
I haven't seen any audit.


Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: tortic25 on May 01, 2019, 02:02:51 PM
Tbh i don't understand the point of this, before betking.io you had a different dice site with a bankroll of 1-2 million "i think" i don't know why you closed that and started an ico offering such a large amount of profits, and the old site had more players then you do now.
A short summary (by heart) from other topics: Dean was tired of running the site by himself, even though it was very profitable at the moment. He tried to sell it several times, but asked for too much, and eventually closed it to do something else.

Quote
So i can't understand how you went from "successful" to "losing money"
By Dean's own claims he earned more than 1000 Bitcoin from the ICO and bought back BKB tokens for 600 Bitcoin. Dean will claim I don't know what I'm talking about, but he also doesn't give detailed information.
I've read speculation of Dean losing it in trading, but that's just speculation.

To quote Dean:
All profit made on bankrolled games will be audited
I haven't seen any audit.

that's what i mean though

the thread where he was selling it he said " i want to pursue other projects" that's understandable, but closing down a dice site, to pursue a dice site within a years time.
i think the "project" he was working on may have been the ico and the tokens with such a short time frame, and how well thought out the ico was. It had more answers then googles FAQ page lol
but what did he have to gain from closing down a successful dice site, just to offer more revenue share





But there's no doubt the site is doing worse, tokens are worth alot less, and my reply to him last post "his argument is you should have nicely contacted him before calling him out" myself and others have had trouble contacting him via the contact emails, i think the only way i got his attention was calling him out in chat "and we didn't find a solution, because i called him out" , i never got my tokens from him to ever get a buyback, but i'm sure the op is right.

If he wanted to scam, his 2 best opportunities has passed, and hes playing the long con so he can get less? i don't think his intentions where to scam. more like losing interest,acting on impulse followed by tons of bad decisions. but that's my opinion, ignoring support inquiries because he lost interest, then posting bs like this
but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

there's no excuse for that and he has a history of losing interest quickly, and should have never asked for investments in the first place, because if i know it he definitely knows it.
And i also know that he will reply denying it, and somehow turn it around that i'm just out to get him like the others and then explaining how hes the victim.

But actions speak louder then words, and anyone that knows him, or wants to research his past post,web archives, etc will see these patterns.

he hasn't just given up those 3 sites, he has changed those sites, then did a 360 reverting them back countless times. that's why i said impulsive for those that didn't use the older sites, and thats kinda what hes doing now with the token swap.








Title: Re: [tagged in red] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on May 01, 2019, 03:09:41 PM
Tbh i don't understand the point of this, before betking.io you had a different dice site with a bankroll of 1-2 million "i think" i don't know why you closed that and started an ico offering such a large amount of profits, and the old site had more players then you do now.

and before that you had pocketrocketscasino which wasn't no where near as big as these two, but imo it had the most potential. the "be the house feature" it was like moneypot 3-4 years before it was even created, and they where really popular in the beginning before they made a bunch of bad decisions.

So i can't understand how you went from "successful" to "losing money"


I'm sure if they did actually lose money or felt they had they would be in contact.

I joined the signature campaign and ill admit i entered the username wrong or something i don't remember, but i couldn't link my btctalk account. and just to be clear "linking my btctalk may be wrong" this was so long ago i'm not sure how it worked all i know is i read the instructions, saw i mistyped something and couldn't change it.  I wrote you 3 emails and didn't get a reply. i still had the betking avatar and sig on my account for 5-6 months and never got one reply.


Country restrictions
it's also shitty that "united states was banned 1-2months after launch"
i'm sure running 2 previous casinos you where aware of any legal troubles, that you could have investigated before launch.

So i'm sure you already knew that you where going to do this, and kept this information from investors, a big decision factor for investing in the ico.


The fact he scammed you when you participated in the signature campaign speaks volumes. He could easily have responded to your emails but thinks he is above everybody else.


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on May 14, 2019, 04:28:13 PM
Today, Burst Dice! 1000 dice rolls in just couple seconds!  (https://bitcointalk.org/index.php?topic=5143001.0) (archived (https://archive.is/YoXFt)) was opened, and several including including Newbies and senior accounts are shilling for BetKing.
I instantly received red feedback from 2 of them (archived direct link (https://archive.is/UPLLp#selection-823.0-859.103)).

I wouldn't be surprised if the shills are getting paid (in worthless tokens, Lol :D):
BetKing announced their Bounty Program by email on March 20:
Quote from: BetKing<support@betking.io>
Bounty Program
This week we launched our BKT bounty program on https://betking.io.
 
Participants can earn BKT every day by completing tasks to support the BetKing website.
 
These include sharing links on social media, posting in forums or inviting users to our Telegram channel ~snip~
Even though the bounty program is officially closed, I find it hard to believe so many users are all of a sudden endorsing a website that barely has any users.


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on May 16, 2019, 12:37:32 AM
Today, Burst Dice! 1000 dice rolls in just couple seconds!  (https://bitcointalk.org/index.php?topic=5143001.0) (archived (https://archive.is/YoXFt)) was opened, and several including including Newbies and senior accounts are shilling for BetKing.
I instantly received red feedback from 2 of them (archived direct link (https://archive.is/UPLLp#selection-823.0-859.103)).

I wouldn't be surprised if the shills are getting paid (in worthless tokens, Lol :D):
BetKing announced their Bounty Program by email on March 20:
Quote from: BetKing<support@betking.io>
Bounty Program
This week we launched our BKT bounty program on https://betking.io.
 
Participants can earn BKT every day by completing tasks to support the BetKing website.
 
These include sharing links on social media, posting in forums or inviting users to our Telegram channel ~snip~
Even though the bounty program is officially closed, I find it hard to believe so many users are all of a sudden endorsing a website that barely has any users.


There is more going on, you are right. More people are endorsing the scam website here than they have users there  ;D


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on June 11, 2019, 08:58:46 PM
http://i67.tinypic.com/2w312jm.png


Serial scammer Dean Nolan broke virtually all ICO promises including about developing new games. This is a 99.999999% identical roulette game that serial scammer Dean Nolan used in the betking website before the pre-ICO and post-ICO, adding and removing when he wanted to. In April 2019 he added it again without making any reference to its past because it was not a "new" game.

Poor old "VG" whoever that is saying "The new roulette looks good". It is not new, it was coded before the ICO was ever conceived in 2016 and serial scammer Dean Nolan added and removed it as and when his mood swings dictated.


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on June 12, 2019, 08:59:17 AM
I'm bumping this thread to add Flags (https://bitcointalk.org/index.php?topic=5153344.0) to the 4 known accounts owned by BetKing.

For contractual violations only, a scammer flag can be created. This is the only thing which causes the "Warning: trade with extreme caution" warning to return. It also triggers a banner similar to the newbie-warning banner which is visible to all users. A scammer flag requires 3 more supporting users than opposing users to become active.

A new scammer flag should be created for each separate alleged incident. In the spirit of forgiveness/redemption, scammer flags expire 3 years after the incident if the contract was casual/implied, and 10 years after the incident if the contract was written.

I'm not sure when exactly the buybacks stopped (and my Withdrawal History was removed).
Therefore, I'll use the starting date of this topic (March 2019) as the starting date for the Flags.

I'm also adding one more piece of evidence of contractual violations:
It says BetKing will offer to buy "up to 10%"
lol, nice attempt to weasel out of the deal. The "up to 10%" referred to if a user had X tokens, they could use "<= X/10" for buybacks.
I brought this up almost 2 years ago. This is what BetKing.io (https://bitcointalk.org/index.php?action=profile;u=565024) answered:
So what I meant is if someone wants to sell me 10% of their tokens I will buy them.
I can't say sorry I'm only going to buy 4%.
(archived (https://archive.is/bxDrO#selection-3095.0-3097.43))

When I opened this topic, the amount scammed was just over $700, worth almost 0.2 BTC at the time. Because my remaining BKB tokens would expire, I swapped them to BKT tokens recently, and sold them. I received about 0.0045 BTC for this.
BetKing is now promoting his site (https://bitcointalk.org/index.php?topic=5119013.msg51392426#msg51392426) more actively again on Bitcointalk, which is all the more reason to Flag his accounts.

I ask all users who tagged the accounts to support the Flag. It needs at least 3 DT members to show a big red Flag on the accounts:
Quote
On my honor, I affirm the following: 1) This user violated a written contract, resulting in damages; 2) I have not been made whole by the user; 3) no existing flag covers this same incident; 4) this incident is accurately and completely described in the above topic; 5) the incident occurred roughly in the month given above. Furthermore, I promise to withdraw my support for this flag if this user makes me whole in the future.

Flags
Flag on BetKing.io (https://bitcointalk.org/index.php?action=trust;flag=41)
Flag on BetKing Support (https://bitcointalk.org/index.php?action=trust;flag=42)
Flag on PocketRocketsCasino (https://bitcointalk.org/index.php?action=trust;flag=43)
Flag on dean nolan (https://bitcointalk.org/index.php?action=trust;flag=44)


Title: Re: [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on June 21, 2019, 02:17:49 PM
Flags
Flag on BetKing.io (https://bitcointalk.org/index.php?action=trust;flag=41)
Flag on BetKing Support (https://bitcointalk.org/index.php?action=trust;flag=42)
Flag on PocketRocketsCasino (https://bitcointalk.org/index.php?action=trust;flag=43)
Flag on dean nolan (https://bitcointalk.org/index.php?action=trust;flag=44)




This is an excellent post.

So many people added their voice to your voice in order to tag serial scammer Dean Nolan and his scam betking website.

Since the chatbox was removed from the betking website it seems as though the cronies hoping to receive free EOS BKT tokens by attacking people here have stopped and accepted the betking website is in irreversible decline but it needs to be kept on record that serial scammer Dean Nolan used his betking website as a vehicle to dupe investors via an ICO in 2017.

It must also be kept on record all the other scams he carried out using his scam betking website.

Scammer need to be exposed no matter where they are and what they do.



Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on June 21, 2019, 04:49:45 PM
  Look this forum is dying and it's filled with corrupt people like yourselves who have banded together to make false claims and assumptions based on no facts. All the people who came to Deans defense were not payed anything. I have explained this and many other things that you state as facts that are lies or assumptions and you just ignore them, and repeat it or block me. All you have done is tarnish Deans reputation with your lies and make it harder for investors to recuperate funds back, which is ironic since you act like you been concerned for their well being or even players well being, yet not 1 single player has anything bad to say. At the end of the day you have spent hundreds of hours and days  spreading lies to fuck everyone over. I hope you get what you deserve eventually!


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: actmyname on June 21, 2019, 09:01:06 PM
 Look this forum is dying and it's filled with corrupt people like yourselves who have banded together to make false claims and assumptions based on no facts. All the people who came to Deans defense were not payed anything. I have explained this and many other things that you state as facts that are lies or assumptions and you just ignore them, and repeat it or block me. All you have done is tarnish Deans reputation with your lies and make it harder for investors to recuperate funds back, which is ironic since you act like you been concerned for their well being or even players well being, yet not 1 single player has anything bad to say. At the end of the day you have spent hundreds of hours and days  spreading lies to fuck everyone over. I hope you get what you deserve eventually!
What the fuck?

He went broke trading alt coins, according to him he was tired of alt coiners making more gains than him so he started trading and he got liquidated for everything, this is not a lie I was told to keep hush but I ain't letting this dude get away with another scam, my 30k is long gone. Now the interesting thing  is to speculate is if he used ico funds to gamble on is bitmmex acc or otc trades. Fromm y point of view since the inception of Ico it seems he is doing everything in his power for it to fail.
Why did you have a crazy 180 change in opinion?
Can you at least refute one of the claims instead of just saying they're false?

Show that they're false.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on June 21, 2019, 09:46:30 PM
It is the accusers job to prove, you show me proof, I don't have to do shit amigo.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: actmyname on June 21, 2019, 10:02:38 PM
It is the accusers job to prove, you show me proof, I don't have to do shit amigo.
Unfortunately, that's the problem. You're not willing to accept the proof and you aren't willing to refute it. So what, stalemate?

Are you willing to at least address your post? Why would you call it a scam and then a few months later start abhorring scam accusations?


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on June 21, 2019, 10:09:41 PM
It is the accusers job to prove, you show me proof, I don't have to do shit amigo.
Unfortunately, that's the problem. You're not willing to accept the proof and you aren't willing to refute it. So what, stalemate?

Are you willing to at least address your post? Why would you call it a scam and then a few months later start abhorring scam accusations?

First off I originally said I was "told" and as I have seen lots of lies have been told about Dean and betking for months, and 2nd of all that was my instant reaction and I was obviously tilted, after I spoke with Dean and found out that more than 50% of original ico investors were made hole, I was able to understand what happened. Literally there is not many of us that are from ICo left, and if you been following price of BKT you would know that the price has risen at a rapid rate, Dean is doing everything he can to make us whole and all I see is you guys spewing lies,breaking forum rules, stating opinions as facts. You think your hurting Dean with this bullshit? Your only hurting Investors Dean doesn't care if he doesn't make a cent going forward his objective has been to make us whole!


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: actmyname on June 21, 2019, 10:13:27 PM
-snip-
And you're okay with the buybacks being canceled.
Despite it being displayed on the ICO page.
Despite there not being any stipulation stating that it could/would be removed.
Despite having the resulting price of BKT be less than 50% of your original buy-in price.
Despite Dean stating that buybacks would continue both on and off-forum.
Despite the price calculation of tokens being a large part of the ICO.

https://bitcointalk.org/index.php?topic=4751127.msg51398125#msg51398125


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on June 21, 2019, 10:50:33 PM
-snip-
And you're okay with the buybacks being canceled.
Despite it being displayed on the ICO page.
Despite there not being any stipulation stating that it could/would be removed.
Despite having the resulting price of BKT be less than 50% of your original buy-in price.
Despite Dean stating that buybacks would continue both on and off-forum.
Despite the price calculation of tokens being a large part of the ICO.

https://bitcointalk.org/index.php?topic=4751127.msg51398125#msg51398125

mismanaging doesn't = scam

Poker failed
Advertising failed
and Dean came from good place when he bought unhappy people out, your basically arguing that in any  shape or form Betking investors should not have lost anything despite how poorly the site did, so your basically mad because people didn't get a risk free investment. Show me where I can find risk free investment?


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: actmyname on June 21, 2019, 10:54:22 PM
and Dean came from good place when he bought unhappy people out, your basically arguing that in any  shape or form Betking investors should not have lost anything despite how poorly the site did, so your basically mad because people didn't get a risk free investment. Show me where I can find risk free investment?
You are strawmanning my argument. Do not twist my words to fit into a more easily-collapsible argument because that is a poor way of creating a rebuttal.

The site was absolutely not risk-free. However, the price formula was as follows:
fundsRaised / 70,000,000 + profit / 100,000,000

The original token price was set at $0.09286 / BKB.
Thus our formula is then $0.09286 + profit / 100,000,000
The issue is that investors were promised buybacks which were then rescinded. How is that justifiable to you?


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: marlboroza on June 21, 2019, 10:56:43 PM
-snip-
And you're okay with the buybacks being canceled.
Despite it being displayed on the ICO page.
Despite there not being any stipulation stating that it could/would be removed.
Despite having the resulting price of BKT be less than 50% of your original buy-in price.
Despite Dean stating that buybacks would continue both on and off-forum.
Despite the price calculation of tokens being a large part of the ICO.

https://bitcointalk.org/index.php?topic=4751127.msg51398125#msg51398125

I will just drop this on top of that https://bitcointalk.org/index.php?topic=2897545.msg47592095#msg47592095
And there was something about canceling wagering contest (https://bitcointalk.org/index.php?topic=4751127.msg51402586#msg51402586) and scamming gamblers.

I can only imagine someone winning national lottery and they say - "you have won $100M but we decided that we don't give a fuck about that. Here you go, a dollar. Now buzz off."


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on June 21, 2019, 11:04:36 PM
-snip-
And you're okay with the buybacks being canceled.
Despite it being displayed on the ICO page.
Despite there not being any stipulation stating that it could/would be removed.
Despite having the resulting price of BKT be less than 50% of your original buy-in price.
Despite Dean stating that buybacks would continue both on and off-forum.
Despite the price calculation of tokens being a large part of the ICO.

https://bitcointalk.org/index.php?topic=4751127.msg51398125#msg51398125

I will just drop this on top of that https://bitcointalk.org/index.php?topic=2897545.msg47592095#msg47592095
And there was something about canceling wagering contest (https://bitcointalk.org/index.php?topic=4751127.msg51402586#msg51402586) and scamming gamblers.

I can only imagine someone winning national lottery and they say - "you have won $100M but we decided that we don't give a fuck about that. Here you go, a dollar. Now buzz off."

LOL SCAMMED wagering contest? Its like you all ignored that its been stated many freaking times that nobody lost anything but betking investors because everyone was made hole and some people who cashed out before the cheating was caught freerolled the site and we took the loss, the fact people keep repeating this is completely absurd!


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: BillyBurns on June 21, 2019, 11:08:22 PM
I'm done with you guys, your forum is corrupt! You all lie! You All make assumptions that fit your narrative that your riding! You ain't hurting Dean at all, your just hurting investors in ICO! Dude ain't even trying to make a freaking penny , he wants us to be made hole!


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on June 21, 2019, 11:25:58 PM
-snip-
And you're okay with the buybacks being canceled.
Despite it being displayed on the ICO page.
Despite there not being any stipulation stating that it could/would be removed.
Despite having the resulting price of BKT be less than 50% of your original buy-in price.
Despite Dean stating that buybacks would continue both on and off-forum.
Despite the price calculation of tokens being a large part of the ICO.

https://bitcointalk.org/index.php?topic=4751127.msg51398125#msg51398125

mismanaging doesn't = scam

Poker failed
Advertising failed
and Dean came from good place when he bought unhappy people out, your basically arguing that in any  shape or form Betking investors should not have lost anything despite how poorly the site did, so your basically mad because people didn't get a risk free investment. Show me where I can find risk free investment?



 ;D

I decided to reply to this post after seeing the recent flurry of activity involving respectable community members and this side-kick of serial scammer Dean Nolan.

Serial scammer Dean Nolan stole a minimum of 30 million of the 100 million original BKB tokens, then wanted to cash them in but the site was not making any profit so he decided to use the bankroll funds to "buy-back" tokens and in the process sold the tokens he stole in order to make himself rich which at the guaranteed buy-back rates was $2,785,000

After that, the fact the site had near zero bankroll meant that the site was going to die, therefore he tried to sell it (again) and failed. Then at the end of 2018 serial scammer Dean Nolan tried to kill betking completely and launch "bitsafe" but he unsurprisingly could not raise the $10 million he wanted so he basically went back to betking and "saved" it when created 10 billion EOS BKT tokens of which a staggering 10% (1 billion) were for him as reward for his past failures.

After that he burned over 5 billion of those 10 billion tokens which means he has at least 20% of the business. The list goes on...

This billyburns side-kick of serial scammer Dean Nolan seems to have cyber equivalent of Stockholm syndrome.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: marlboroza on June 22, 2019, 12:09:52 AM
I'm done with you guys, your forum is corrupt! You all lie! You All make assumptions that fit your narrative that your riding! You ain't hurting Dean at all, your just hurting investors in ICO! Dude ain't even trying to make a freaking penny , he wants us to be made hole!
^^^
This billyburns side-kick of serial scammer Dean Nolan seems to have cyber equivalent of Stockholm syndrome.


Poker failed
Advertising failed
ICO promises failed.
Wagering contest failed.
Buying bustabit script failed.
Screwing token holders - chiching!

@LoyceV, because Dean broke ICO deal, you will have to wait some time for token to reach 4.4X and then, when you sell it, you will break even. Dean will tell you when that will happen.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on June 22, 2019, 12:25:41 AM
I'm done with you guys, your forum is corrupt! You all lie! You All make assumptions that fit your narrative that your riding! You ain't hurting Dean at all, your just hurting investors in ICO! Dude ain't even trying to make a freaking penny , he wants us to be made hole!
^^^
This billyburns side-kick of serial scammer Dean Nolan seems to have cyber equivalent of Stockholm syndrome.


Poker failed
Advertising failed
ICO promises failed.
Wagering contest failed.
Buying bustabit script failed.
Screwing token holders - chiching!

@LoyceV, because Dean broke ICO deal, you will have to wait some time for token to reach 4.4X and then, when you sell it, you will break even. Dean will tell you when that will happen.




That chiching part made me laugh out  ;D

It is so blatantly obvious a few investors from the time of the ICO are blindly following serial scammer Dean Nolan like they believe everything he says.

The only person to have made phenomenal amounts of money from the whole disaster is serial scammer Dean Nolan and he literally made it our of thin air when people invested in the 2017 ICO after reading sensationally misleading headlines about alleged previous profits "most trusted casino"....

@marlboroza I think Loyce sold his BKB or swapped them for BKT before selling them. I am sure he can confirm but he made a fraction of what he should have had before serial scammer Dean Nolan decided to destroy betking post-ICO


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: actmyname on June 22, 2019, 01:35:46 AM
I'm done with you guys, your forum is corrupt! You all lie! You All make assumptions that fit your narrative that your riding! You ain't hurting Dean at all, your just hurting investors in ICO! Dude ain't even trying to make a freaking penny , he wants us to be made hole!
I don't like how when you realize you've thrown away your last out, you decide to just call bullshit on the whole situation and try to dismiss everything as lies and corruption.

Blanket statements may make a situation easier to approach, but that's only because you're covering up the parts you don't want to deal with. :)


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on June 22, 2019, 04:09:51 AM
@marlboroza I think Loyce sold his BKB or swapped them for BKT before selling them. I am sure he can confirm but he made a fraction of what he should have had before serial scammer Dean Nolan decided to destroy betking post-ICO
Correct. I got out of this debacle. BKB tokens would expire soon if I wouldn't swap them, so I swapped and sold them.
When I opened this topic, my BKB tokens would have been worth close to 0.2 BTC based on the ICO promises. I got about 0.0045 BTC for them.

The nice but also tricky thing about Flags (unlike trust) is that I promised this:
Quote
On my honor, I affirm the following: 1) This user violated a written contract, resulting in damages; 2) I have not been made whole by the user; 3) no existing flag covers this same incident; 4) this incident is accurately and completely described in the above topic; 5) the incident occurred roughly in the month given above. Furthermore, I promise to withdraw my support for this flag if this user makes me whole in the future.
If BetKing were to things right with me, I have to withdraw my support for the Flag.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on June 22, 2019, 11:26:26 AM
@marlboroza I think Loyce sold his BKB or swapped them for BKT before selling them. I am sure he can confirm but he made a fraction of what he should have had before serial scammer Dean Nolan decided to destroy betking post-ICO
Correct. I got out of this debacle. BKB tokens would expire soon if I wouldn't swap them, so I swapped and sold them.
When I opened this topic, my BKB tokens would have been worth close to 0.2 BTC based on the ICO promises. I got about 0.0045 BTC for them.

The nice but also tricky thing about Flags (unlike trust) is that I promised this:
Quote
On my honor, I affirm the following: 1) This user violated a written contract, resulting in damages; 2) I have not been made whole by the user; 3) no existing flag covers this same incident; 4) this incident is accurately and completely described in the above topic; 5) the incident occurred roughly in the month given above. Furthermore, I promise to withdraw my support for this flag if this user makes me whole in the future.
If BetKing were to things right with me, I have to withdraw my support for the Flag.


It is highly unlikely serial scammer will ever reimburse you for the loss you suffered directly because of his lack of business competence and when he took his eye off the business while he was scamming investors out of 30 million of the 100 million BKB tokens

The imbecile who claimed to give 1 BTC a day to "good causes" for 25 days between 1st Dec 2017 to 25th Dec 2017 is the same one who stole the Crash software without paying the licence fee to the code owners and continues to use it even today on his trash betking website, therefore it shows the level of low-life and skulduggery involved when dealing with serial scammer Dean Nolan.

He will definitely not make up the shortfall for anybody. He did however reward himself with a minimum 10% ownership of betking when he created 10 billion EOS tokens and kept 1 billion for himself. After burning 5 billion he owns a minimum of 20% of betking now.

Why did he not create 11 billion tokens and share the extra 1 billion tokens with those that suffered losses?

Or why did he not burn just 4 billion of those tokens and distribute the other 1 billion to those that suffered loses?

He managed to only create or steal tokens for himself to ensure he made millions of US$ out of the betking scam and did not care about anybody else.



Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: actmyname on June 24, 2019, 06:20:51 PM
I want BillyBurns to put his money where his mouth is and start opposing the flags. Currently, none of the accounts' flags have any opposition.

I wonder why.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on June 24, 2019, 07:49:32 PM
I want BillyBurns to put his money where his mouth is and start opposing the flags. Currently, none of the accounts' flags have any opposition.

I wonder why.



He already suffers from Stockholm syndrome. The way he posts here defending the very same serial scammer that stole his ICO investment as well as other millions from the betking investors and winners alike, shows he is not thinking rationally. Serial scammer Dean Nolan has sold a sob story and he believes it.

There can be no real defence of serial scammer Dean Nolan, there might just be one or two who participate in an act or charade. It will be interesting to see who (if anybody) decides to defend betking and its serial scammer owner Dean Nolan against the accusations that Loyce has so fantastically listed in the flags.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: actmyname on June 24, 2019, 07:53:09 PM
He already suffers from Stockholm syndrome. The way he posts here defending the very same serial scammer that stole his ICO investment as well as other millions from the betking investors and winners alike, shows he is not thinking rationally. Serial scammer Dean Nolan has sold a sob story and he believes it.
Not so sure that he believes it at all. I find it very unlikely. They seem to retreat when they run out of options and come back to attack arbitrarily.

There can be no real defence of serial scammer Dean Nolan, there might just be one or two who participate in an act or charade. It will be interesting to see who (if anybody) decides to defend betking and its serial scammer owner Dean Nolan against the accusations that Loyce has so fantastically listed in the flags.
Anyone who truly disagrees and thinks that BetKing is not untrustworthy should oppose the flag.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on June 24, 2019, 08:33:19 PM
He already suffers from Stockholm syndrome. The way he posts here defending the very same serial scammer that stole his ICO investment as well as other millions from the betking investors and winners alike, shows he is not thinking rationally. Serial scammer Dean Nolan has sold a sob story and he believes it.
Not so sure that he believes it at all. I find it very unlikely. They seem to retreat when they run out of options and come back to attack arbitrarily.

There can be no real defence of serial scammer Dean Nolan, there might just be one or two who participate in an act or charade. It will be interesting to see who (if anybody) decides to defend betking and its serial scammer owner Dean Nolan against the accusations that Loyce has so fantastically listed in the flags.
Anyone who truly disagrees and thinks that BetKing is not untrustworthy should oppose the flag.

Well he was the biggest critic of serial scammer Dean Nolan and mentioned the 30,000 he invested in the ICO. I still do not know whether it was 30k USD$ or 30k GBP or 30k EUR. That would make a lot of difference to understanding the full losses this BillyBurns suffered. Somewhere along the line he decided to join serial scammer Dean Nolan as a personal helper by becoming an 'admin' on the now defunct chatbox on the betking website. It is difficult to clarify whether he was at that time in paid employment by betking or not and it is also difficult to define what role he currently plays in betking.

Yes they seem hide from this forum when they want and show up when they want. On many occasions when serial scammer Dean Nolan wanted to attack a user, his side-kicks (and known alt-accounts) tag along too. Then all of a sudden they leave. On the betking TG channel they regularly bash Bitcointalk forum constantly come back here.

One of the arguments serial scammer Dean Nolan used as an attempt to silence critics was that no investors or token holders were coming forward to complain, it was a lie of course as they did. However, the same counter-argument can be made here.... why is no token holder or investor coming out and fighting the flags against serial scammer Dean Nolan?

Why is serial scammer Dean Nolan not fighting the flags listed against him?



Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: actmyname on June 24, 2019, 08:38:31 PM
One of the arguments serial scammer Dean Nolan used as an attempt to silence critics was that no investors or token holders were coming forward to complain, it was a lie of course as they did. However, the same counter-argument can be made here.... why is no token holder or investor coming out and fighting the flags against serial scammer Dean Nolan?
AFAIK there was an investor group of fairly-large holders of BKB. They were planning a class action suit but I'm not sure where that went.

Disgruntled investors don't want to scare away the user that holds their funds. Given Dean's response to dissent, I'm surprised he held out as long as he did.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on June 26, 2019, 12:46:17 PM
AFAIK there was an investor group of fairly-large holders of BKB. They were planning a class action suit but I'm not sure where that went.
That is interesting..... When I asked for information that I could compile in my case file to build up a case against serial scammer Dean Nolan to hand to the police authorities in the UK, I did receive many bits of information in private and only a couple of users posted things openly however I never received any information regarding a group of BKB holders that were contemplating a class action suit. Very interesting.



Disgruntled investors don't want to scare away the user that holds their funds. Given Dean's response to dissent, I'm surprised he held out as long as he did.
Again I am inclined to agree with you. Serial scammer Dean Nolan bans people from the TG channel as soon as they start asking the questions he feels uncomfortable with. Others have reported logging in to the trash betking website only to discover their tokens are no longer there and that was after they were either critical of him or asking questions he did not like.

It does not surprise me that those still holding tokens from the ICO or other large investors are not keen to rock the boat because they are already sitting on significant losses if they were to cash-in their tokens right now or if betking collapsed thanks to a legal case.

There were many close calls that showed the writing was on the wall for betking but as soon as this pathetic imbecile serial scammer Dean Nolan used the bankroll funds, around 600 BTC to buy-back BKB tokens the site was going to die. He used the bankroll funds for buy-backs and that was in breach of his ICO promises but he had to do it to sell many of the 30 million BKB tokens he stole from investors because he wanted to pocket the cash.

Serial scammer Dean Nolan made a minimum of $2,785,800 from the whole $6.5 million the 2017 ICO funds brought in. (The 30 million BKB tokens that he stole X the buy-back rate of $0.09286 = $2,785,800)

After all, he had already stolen much of the other almost 600 BTC which were to be used for "marketing, promotions, SEO, design, development, server costs and legal" and when somebody is greedy and gets away with it once, they get greedy again.

Serial scammer Dean Nolan deserves to face a court of law in his native Scotland, UK to decide if he is criminal as far as legality is concerned. As far as the ethical and moral side of things are concerned, he is an utter and total disgrace.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on June 28, 2019, 06:21:24 PM
http://i67.tinypic.com/2wpkuqb.png


Here is a post he deleted from the censored thread after making his announcement today about the BKT and BKB tokens

 ::)



Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: game-protect on July 04, 2019, 12:10:35 PM
Game Protect was recently approached by an UK lawyer who is expert for Bitcoin enforcement and we likely can enforce the crypto currencies scam artist Dean Nolan has scammed!


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on July 08, 2019, 08:23:01 PM
Game Protect was recently approached by an UK lawyer who is expert for Bitcoin enforcement and we likely can enforce the crypto currencies scam artist Dean Nolan has scammed!


Please elaborate. What did the lawyer say?

Did you approach the lawyer or did they approach you?

If you are not an investor in the original 2017 ICO or a token holder at a later date then what is the end result the lawyer would be aiming for? And what benefit is there in it to you?

I would have thought the group of original investors that pondered legal action against serial scammer Dean Nolan would have been the best suited to decide on things like lawyers, litigation and things on those lines.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on July 12, 2019, 10:35:54 PM
https://i.imgur.com/Vlu3zKL.png

we just burned 168 million BKT
https://bloks.io/transaction/efb36622d5b6ddb6a426c51beaf1f6953861d91f5788cb9c55400f93eb0bd2ec

BKT deposits will be disabled on 1st of august.

BKB holders should stake their BKB to receive 30% of profit.


Here is a new attempt by serial scammer Dean Nolan to try to show himself in a more business-like manner. Sorry got to laugh at his tactics using this forum to spread his nonsense even though he said on many occasions that according to his pathetic opinion the fourm here was filled with "liars, trolls, scammers and the forum was hardly being used by anybody"


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on July 18, 2019, 04:54:30 PM
This one was definitely worth pushing back up just to see if anybody might add anything else here regarding serial scammer Dean Nolan


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on July 21, 2019, 10:11:40 AM

Accounts involved
BetKing.io (https://bitcointalk.org/index.php?action=profile;u=565024) (Trust: (https://bitcointalk.org/index.php?action=trust;u=565024) !!!:  +2 / =2 / -8) (10 Merit earned (http://loyce.club/Merit/history/565024.html)) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/565024.html)) (BPIP (https://bpip.org/profile.aspx?p=BetKing.io))
BetKing Support (https://bitcointalk.org/index.php?action=profile;u=1055046) (Trust: (https://bitcointalk.org/index.php?action=trust;u=1055046) !!!:  +0 / =0 / -7) (1 Merit earned (http://loyce.club/Merit/history/1055046.html)) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/1055046.html)) (BPIP (https://bpip.org/profile.aspx?p=BetKing Support))
PocketRocketsCasino (https://bitcointalk.org/index.php?action=profile;u=97219) (Trust: (https://bitcointalk.org/index.php?action=trust;u=97219) !!!:  +2 / =1 / -7) (0 Merit earned) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/97219.html)) (BPIP (https://bpip.org/profile.aspx?p=PocketRocketsCasino))
dean nolan (https://bitcointalk.org/index.php?action=profile;u=941114) (Trust: (https://bitcointalk.org/index.php?action=trust;u=941114) !!!:  +0 / =0 / -6) (0 Merit earned) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/941114.html)) (BPIP (https://bpip.org/profile.aspx?p=dean nolan))

Flags against these accounts
Quote
41 Active. (https://bitcointalk.org/index.php?action=trust;flag=41) LoyceV (https://bitcointalk.org/index.php?action=profile;u=459836) flagged BetKing.io (https://bitcointalk.org/index.php?action=profile;u=565024) (type 3, see why (https://bitcointalk.org/index.php?topic=5122856.0)). Supported by malevolent (https://bitcointalk.org/index.php?action=profile;u=23092), dbshck (https://bitcointalk.org/index.php?action=profile;u=153634), suchmoon (https://bitcointalk.org/index.php?action=profile;u=234771), franckuestein (https://bitcointalk.org/index.php?action=profile;u=225121), LFC_Bitcoin (https://bitcointalk.org/index.php?action=profile;u=379487), RHavar (https://bitcointalk.org/index.php?action=profile;u=389331), SyGambler (https://bitcointalk.org/index.php?action=profile;u=405889), bones261 (https://bitcointalk.org/index.php?action=profile;u=452769), LoyceV (https://bitcointalk.org/index.php?action=profile;u=459836), Avirunes (https://bitcointalk.org/index.php?action=profile;u=175302), nutildah (https://bitcointalk.org/index.php?action=profile;u=317618), actmyname (https://bitcointalk.org/index.php?action=profile;u=465017), Lutpin (https://bitcointalk.org/index.php?action=profile;u=520313), marlboroza (https://bitcointalk.org/index.php?action=profile;u=787736), Lafu (https://bitcointalk.org/index.php?action=profile;u=805820), Last of the V8s (https://bitcointalk.org/index.php?action=profile;u=479624), Hhampuz (https://bitcointalk.org/index.php?action=profile;u=881377), bob123 (https://bitcointalk.org/index.php?action=profile;u=579628), micgoossens (https://bitcointalk.org/index.php?action=profile;u=1067333), o_e_l_e_o (https://bitcointalk.org/index.php?action=profile;u=1188543), iasenko (https://bitcointalk.org/index.php?action=profile;u=1291828), coinlocket$ (https://bitcointalk.org/index.php?action=profile;u=1339716), asche (https://bitcointalk.org/index.php?action=profile;u=1580039), DireWolfM14 (https://bitcointalk.org/index.php?action=profile;u=2003859), morvillz7z (https://bitcointalk.org/index.php?action=profile;u=1825672), Hueristic (https://bitcointalk.org/index.php?action=profile;u=198573), Quickseller (https://bitcointalk.org/index.php?action=profile;u=358020), Joel_Jantsen (https://bitcointalk.org/index.php?action=profile;u=560412), killyou72 (https://bitcointalk.org/index.php?action=profile;u=408367), TheUltraElite (https://bitcointalk.org/index.php?action=profile;u=878630), IconFirm (https://bitcointalk.org/index.php?action=profile;u=841288), wwzsocki (https://bitcointalk.org/index.php?action=profile;u=131333), cissrawk (https://bitcointalk.org/index.php?action=profile;u=935741), JollyGood (https://bitcointalk.org/index.php?action=profile;u=1016855), Royse777 (https://bitcointalk.org/index.php?action=profile;u=366632), teeGUMES (https://bitcointalk.org/index.php?action=profile;u=307884), iwantapony (https://bitcointalk.org/index.php?action=profile;u=815246), JSRAW (https://bitcointalk.org/index.php?action=profile;u=1210969), N0sferatu (https://bitcointalk.org/index.php?action=profile;u=2542787), PrimeNumber7 (https://bitcointalk.org/index.php?action=profile;u=2561166), ChemicalSpillage (https://bitcointalk.org/index.php?action=profile;u=2627094), okdevin (https://bitcointalk.org/index.php?action=profile;u=2606421). Opposed by nobody.

42 Active. (https://bitcointalk.org/index.php?action=trust;flag=42) LoyceV (https://bitcointalk.org/index.php?action=profile;u=459836) flagged BetKing Support (https://bitcointalk.org/index.php?action=profile;u=1055046) (type 3, see why (https://bitcointalk.org/index.php?topic=5122856.0)). Supported by malevolent (https://bitcointalk.org/index.php?action=profile;u=23092), dbshck (https://bitcointalk.org/index.php?action=profile;u=153634), suchmoon (https://bitcointalk.org/index.php?action=profile;u=234771), franckuestein (https://bitcointalk.org/index.php?action=profile;u=225121), LFC_Bitcoin (https://bitcointalk.org/index.php?action=profile;u=379487), bones261 (https://bitcointalk.org/index.php?action=profile;u=452769), LoyceV (https://bitcointalk.org/index.php?action=profile;u=459836), Avirunes (https://bitcointalk.org/index.php?action=profile;u=175302), actmyname (https://bitcointalk.org/index.php?action=profile;u=465017), marlboroza (https://bitcointalk.org/index.php?action=profile;u=787736), Lafu (https://bitcointalk.org/index.php?action=profile;u=805820), Last of the V8s (https://bitcointalk.org/index.php?action=profile;u=479624), Hhampuz (https://bitcointalk.org/index.php?action=profile;u=881377), bob123 (https://bitcointalk.org/index.php?action=profile;u=579628), micgoossens (https://bitcointalk.org/index.php?action=profile;u=1067333), o_e_l_e_o (https://bitcointalk.org/index.php?action=profile;u=1188543), iasenko (https://bitcointalk.org/index.php?action=profile;u=1291828), coinlocket$ (https://bitcointalk.org/index.php?action=profile;u=1339716), asche (https://bitcointalk.org/index.php?action=profile;u=1580039), DireWolfM14 (https://bitcointalk.org/index.php?action=profile;u=2003859), morvillz7z (https://bitcointalk.org/index.php?action=profile;u=1825672), Hueristic (https://bitcointalk.org/index.php?action=profile;u=198573), Quickseller (https://bitcointalk.org/index.php?action=profile;u=358020), TheUltraElite (https://bitcointalk.org/index.php?action=profile;u=878630), IconFirm (https://bitcointalk.org/index.php?action=profile;u=841288), cissrawk (https://bitcointalk.org/index.php?action=profile;u=935741), JollyGood (https://bitcointalk.org/index.php?action=profile;u=1016855), Royse777 (https://bitcointalk.org/index.php?action=profile;u=366632), teeGUMES (https://bitcointalk.org/index.php?action=profile;u=307884), JSRAW (https://bitcointalk.org/index.php?action=profile;u=1210969), N0sferatu (https://bitcointalk.org/index.php?action=profile;u=2542787), PrimeNumber7 (https://bitcointalk.org/index.php?action=profile;u=2561166). Opposed by nobody.

43 Active. (https://bitcointalk.org/index.php?action=trust;flag=43) LoyceV (https://bitcointalk.org/index.php?action=profile;u=459836) flagged PocketRocketsCasino (https://bitcointalk.org/index.php?action=profile;u=97219) (type 3, see why (https://bitcointalk.org/index.php?topic=5122856.0)). Supported by malevolent (https://bitcointalk.org/index.php?action=profile;u=23092), dbshck (https://bitcointalk.org/index.php?action=profile;u=153634), suchmoon (https://bitcointalk.org/index.php?action=profile;u=234771), franckuestein (https://bitcointalk.org/index.php?action=profile;u=225121), LFC_Bitcoin (https://bitcointalk.org/index.php?action=profile;u=379487), bones261 (https://bitcointalk.org/index.php?action=profile;u=452769), LoyceV (https://bitcointalk.org/index.php?action=profile;u=459836), Avirunes (https://bitcointalk.org/index.php?action=profile;u=175302), actmyname (https://bitcointalk.org/index.php?action=profile;u=465017), Lafu (https://bitcointalk.org/index.php?action=profile;u=805820), subSTRATA (https://bitcointalk.org/index.php?action=profile;u=68036), Last of the V8s (https://bitcointalk.org/index.php?action=profile;u=479624), Hhampuz (https://bitcointalk.org/index.php?action=profile;u=881377), bob123 (https://bitcointalk.org/index.php?action=profile;u=579628), o_e_l_e_o (https://bitcointalk.org/index.php?action=profile;u=1188543), iasenko (https://bitcointalk.org/index.php?action=profile;u=1291828), coinlocket$ (https://bitcointalk.org/index.php?action=profile;u=1339716), asche (https://bitcointalk.org/index.php?action=profile;u=1580039), DireWolfM14 (https://bitcointalk.org/index.php?action=profile;u=2003859), morvillz7z (https://bitcointalk.org/index.php?action=profile;u=1825672), BayAreaCoins (https://bitcointalk.org/index.php?action=profile;u=137773), Hueristic (https://bitcointalk.org/index.php?action=profile;u=198573), Quickseller (https://bitcointalk.org/index.php?action=profile;u=358020), TheUltraElite (https://bitcointalk.org/index.php?action=profile;u=878630), IconFirm (https://bitcointalk.org/index.php?action=profile;u=841288), cissrawk (https://bitcointalk.org/index.php?action=profile;u=935741), JollyGood (https://bitcointalk.org/index.php?action=profile;u=1016855), Royse777 (https://bitcointalk.org/index.php?action=profile;u=366632), teeGUMES (https://bitcointalk.org/index.php?action=profile;u=307884), N0sferatu (https://bitcointalk.org/index.php?action=profile;u=2542787), PrimeNumber7 (https://bitcointalk.org/index.php?action=profile;u=2561166). Opposed by nobody.

44 Active. (https://bitcointalk.org/index.php?action=trust;flag=44) LoyceV (https://bitcointalk.org/index.php?action=profile;u=459836) flagged dean nolan (https://bitcointalk.org/index.php?action=profile;u=941114) (type 3, see why (https://bitcointalk.org/index.php?topic=5122856.0)). Supported by malevolent (https://bitcointalk.org/index.php?action=profile;u=23092), dbshck (https://bitcointalk.org/index.php?action=profile;u=153634), suchmoon (https://bitcointalk.org/index.php?action=profile;u=234771), franckuestein (https://bitcointalk.org/index.php?action=profile;u=225121), LFC_Bitcoin (https://bitcointalk.org/index.php?action=profile;u=379487), bones261 (https://bitcointalk.org/index.php?action=profile;u=452769), LoyceV (https://bitcointalk.org/index.php?action=profile;u=459836), Avirunes (https://bitcointalk.org/index.php?action=profile;u=175302), nutildah (https://bitcointalk.org/index.php?action=profile;u=317618), actmyname (https://bitcointalk.org/index.php?action=profile;u=465017), Lutpin (https://bitcointalk.org/index.php?action=profile;u=520313), marlboroza (https://bitcointalk.org/index.php?action=profile;u=787736), Lafu (https://bitcointalk.org/index.php?action=profile;u=805820), Last of the V8s (https://bitcointalk.org/index.php?action=profile;u=479624), Hhampuz (https://bitcointalk.org/index.php?action=profile;u=881377), bob123 (https://bitcointalk.org/index.php?action=profile;u=579628), micgoossens (https://bitcointalk.org/index.php?action=profile;u=1067333), o_e_l_e_o (https://bitcointalk.org/index.php?action=profile;u=1188543), iasenko (https://bitcointalk.org/index.php?action=profile;u=1291828), coinlocket$ (https://bitcointalk.org/index.php?action=profile;u=1339716), asche (https://bitcointalk.org/index.php?action=profile;u=1580039), DireWolfM14 (https://bitcointalk.org/index.php?action=profile;u=2003859), morvillz7z (https://bitcointalk.org/index.php?action=profile;u=1825672), Hueristic (https://bitcointalk.org/index.php?action=profile;u=198573), Quickseller (https://bitcointalk.org/index.php?action=profile;u=358020), TheUltraElite (https://bitcointalk.org/index.php?action=profile;u=878630), IconFirm (https://bitcointalk.org/index.php?action=profile;u=841288), cissrawk (https://bitcointalk.org/index.php?action=profile;u=935741), JollyGood (https://bitcointalk.org/index.php?action=profile;u=1016855), Royse777 (https://bitcointalk.org/index.php?action=profile;u=366632), teeGUMES (https://bitcointalk.org/index.php?action=profile;u=307884), N0sferatu (https://bitcointalk.org/index.php?action=profile;u=2542787), PrimeNumber7 (https://bitcointalk.org/index.php?action=profile;u=2561166). Opposed by nobody.
(source: loyce.club (http://loyce.club/trust/flags/53.html) 2019-07-20 Sat 03.39h)



Excellent update to the OP.

Thank you for updating it to show exactly what the community thinks of serial scammer Dean Nolan and what they think of the way he has scammed you and others.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on July 28, 2019, 03:52:44 PM
Serial scammer Dean Nolan still using a censored thread in this forum to promote his scam betking project again.....

https://bitcointalk.org/index.php?topic=5119013.msg51980717#msg51980717


BKT token is already trading somewhere? If yes, on what exchanges?

Yes. It's on our own exchange but also on newdex.io and chaince.com

We will be listed on more exchanges soon.

Can you tell me the url of your site where BKT token is available ? and what is the current price of BKT ?
Also I did not find it on https://coinmarketcap.com/, perhaps you have plans to list it on coinmarketcap also.


These are just two links of many:

https://bitcointalk.org/index.php?topic=4751127.0
https://bitcointalk.org/index.php?topic=5122856.0


This post will be deleted by the serial scammer but please note betking is a scam operated by serial scammer Dean Nolan


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on August 19, 2019, 06:42:11 PM
After serial scammer Dean Nolan previously posted here saying he would leave the forum because the "forum was a cesspit of trolls" and a lot worse, he continues to post his pie charts and propaganda here

 ::)


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on August 21, 2019, 05:50:41 PM
Oh no, red trust that means nothing on a cesspit of a forum full of scammers, liars and trolls.

@Loyce - I didn't respond because your post has so many lies (posting jolly goods posts as evidence?) and assumptions you made wrongly (last buy back was a year ago?). You all twist my words every time I reply to anything and then use some random ambiguous claim as the start of your next smear campaign.

You can give me -9999 trust all you want. Doesn't make a difference.

If you had have stuck to a civil discussion by email then I could have easily explained everything to you and point our where you were wrong and how things worked and helped you but guess you needed the attention here.


Yet the serial scammer Dean Nolan being the pathetic imbecile that he is, still continues to post here trying to drum up fake buzz and spread propaganda for his betking trash website.

I wonder why serial scammer Dean Nolan is not paying the 2 BTC fee that is required to be paid to use the Crash software? The owners of Bustabit/Bustadice own the Crash software.


https://i.ibb.co/ZYH9DS6/bkscam1-Copy.png


It is clear betking is dead and that makes me happy to know serial scammer Dean Nolan will not be scamming people for much longer using betking because betking will have to shut down soon as it is a commercial and business failure. Pathetic imbecile serial scammer Dean Nolan


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on August 27, 2019, 06:30:06 PM
Serial scammer and shameless imbecile Dean Nolan is now hoping that the Yolodice investors take their BTC funds and give it to serial scammer Dean Nolan






I noticed that Yolodice is closing investments in September.
The Yolodice bankroll grew considerably after BetKing closed at the end of 2016, before relaunching, I was one of the first big investors there.
To any investors who moved from BetKing to Yolodice after we closed, we support eth, btc and ltc investments with 25x leverage too.

If anyone moves from Yolodice to BetKing message me and I will set your account to 30% commission without the need to have BKT tokens to receive the normal discount.


What does it mean anyway? Just because they grew faster in no time so you accuse them to hijack your late investors? I believe any investors will only see this as a profit, they need to gain more and more with the huge wagering. Compare to your site I think yolodice is much more higher in wagering. Sorry for being offended but you are not suppose to hijack investors from some specific site. If they see that your site is worth to invest then I am sure you will get it. You are not suppose to force them just because of this 30% commision

It's not to hijack them. Read the post. They are not going to be able to invest in yolo any more. So it doesn't matter what Yolo gets wagered. These people would need a new place to invest and so I made a good offer.


From what you said I believe you are trying to persuade them to invest back on your site which I have got no idea where you got this information that most of your late investor is investing on there. Is this suppose to be private since it is really big amount? Why you can suppose to email 50 of them? I am really shocked about it

It's a fact that a lot of old BetKing investors took their btc and invested in yolodice after betking closed in 2016. I was one of the the first to do it, ethan could confirm that.
Now, in 2019, yolo dice is closing investment. That means those coins wont be on yolo anymore.
So yes, I am saying that if people who were invested in yolodice now want to invest somewhere else AFTER yolodice closes investment then I would offer them a better commission deal.

The email to the 50 people was something totally different. You are shocked because you never read or understand anything I ever right, the same way you ignore all the things I reply in those other threads.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on October 14, 2019, 08:55:32 PM
It seems at least one user has 26.24 LTC scammed by serial scammer Dean Nolan

The betking.io website has been down nearly all day today

No announcement has been made about what is going on

The betking Telegram has been closed for many weeks

Maybe the serial scammer owner Dean Nolan finally ran off with whatever funds he could get of from the EOS tokens along with the millions of US$ he siphoned-off from the 2017 ICO

https://bitcointalk.org/index.php?topic=4751127.msg52759795#msg52759795


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on October 15, 2019, 11:45:03 AM
https://i.imgur.com/nKrBzbC.png

Serial scammer Dean Nolan claims to be dealing with an emergency and cannot "fix" the site.

It seems he has paid the complainant the outstanding 20.6 LTC: https://chainz.cryptoid.info/ltc/address.dws?LLx7MAtdmpoNMtYfZ36qMYsL7ammVkkh7Y.htm

And he has renewed the betking.io domain which now expires in October 2020 but dealing with an emergency and not having time to "fix" the website and failure to get it up and running is just another massive failure or responsibility by this serial scammer Dean Nolan.

Where are the army of investors that stayed "loyal" to this imbecile serial scammer Dean Nolan and believed in his vision to take betking back to the heights of 2016? I suggest they get back together for discussion and this time take that final step and go through with taking legal action.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: game-protect on October 15, 2019, 11:58:15 AM
I am pretty sure that there is no army of investors and the ICO data is faked!


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on November 15, 2019, 07:35:22 PM
Bump: the scammer is back with a self-moderated thread: BetKing.io is Closed. Balance recovery + BKT/BKB buyback plan. (https://bitcointalk.org/index.php?topic=5201753.0).
It looks like he's planning his next scam, including Newbie sockpuppets vouching for him.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on November 15, 2019, 09:14:12 PM


Serial scammer Dean Nolan is also up to his old sock-puppet tricks too

https://i.postimg.cc/1XD76B7M/bk2scam-Copy.png



Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on November 15, 2019, 09:29:13 PM


Serial scammer Dean Nolan is also up to his old sock-puppet tricks too

https://i.postimg.cc/1XD76B7M/bk2scam-Copy.png



Fake.
No one had invested 50 btc in the ico. And anyone who invested anywhere close to this knew everything about the site and my reputation before.
Nice try though


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on November 17, 2019, 02:54:39 PM
Fake.
No one had invested 50 btc in the ico. And anyone who invested anywhere close to this knew everything about the site and my reputation before.
Nice try though

Just one of several PMs received.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on November 18, 2019, 02:24:01 PM
Serial scammer Dean Nolan locked his self-moderated thread but somehow a newbie found it unlocked for long enough to post there mentioning how happy he was that he was robbed of his ICO fund and then it was locked again  ::)

https://bitcointalk.org/index.php?topic=5201753.0


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on May 13, 2021, 06:05:10 PM




Here is the latest update regarding the relaunch of the betking.io website. I hope investors and game players do not end up involved otherwise they will probably end up getting scammed out of their funds.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on August 06, 2021, 03:10:40 PM
Accounts involved
BetKing.io (https://bitcointalk.org/index.php?action=profile;u=565024) (Trust: (https://bitcointalk.org/index.php?action=trust;u=565024) !!!:  +2 / =2 / -8) (10 Merit earned (http://loyce.club/Merit/history/565024.html)) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/565024.html)) (BPIP (https://bpip.org/profile.aspx?p=BetKing.io))
BetKing Support (https://bitcointalk.org/index.php?action=profile;u=1055046) (Trust: (https://bitcointalk.org/index.php?action=trust;u=1055046) !!!:  +0 / =0 / -7) (1 Merit earned (http://loyce.club/Merit/history/1055046.html)) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/1055046.html)) (BPIP (https://bpip.org/profile.aspx?p=BetKing Support))
PocketRocketsCasino (https://bitcointalk.org/index.php?action=profile;u=97219) (Trust: (https://bitcointalk.org/index.php?action=trust;u=97219) !!!:  +2 / =1 / -7) (0 Merit earned) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/97219.html)) (BPIP (https://bpip.org/profile.aspx?p=PocketRocketsCasino))
dean nolan (https://bitcointalk.org/index.php?action=profile;u=941114) (Trust: (https://bitcointalk.org/index.php?action=trust;u=941114) !!!:  +0 / =0 / -6) (0 Merit earned) (Trust list (http://loyce.club/trust/2019-07-13_Sat_08.22h/941114.html)) (BPIP (https://bpip.org/profile.aspx?p=dean nolan))
Update:
Betking Manager (https://bitcointalk.org/index.php?action=profile;u=3364966)
This scammer created another account, hoping to get rid of his negative feedback and Flag. I can't let that happen, his Flags don't expire before March 2029.

As a victim of this scammer, the Flag system allows me to create a Flag for all his accounts:
Can I also create a scammer flag for alt-accounts of the contract violator? Example: BetKing.io (https://bitcointalk.org/index.php?action=profile;u=565024) violated a contract, but BetKing Support (https://bitcointalk.org/index.php?action=profile;u=1055046), dean nolan (https://bitcointalk.org/index.php?action=profile;u=941114) and PocketRocketsCasino (https://bitcointalk.org/index.php?action=profile;u=97219) are his alt-accounts.
Yes, one of the victims can.

I created a new type 3 Flag, please support it: https://bitcointalk.org/index.php?action=trust;flag=2810


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: The Sceptical Chymist on August 07, 2021, 08:52:25 PM
I created a new type 3 Flag, please support it: https://bitcointalk.org/index.php?action=trust;flag=2810
Done.  Fuck this operation and their attempts to obfuscate their wrongdoings through alt accounts.  There's enough evidence presented here to prove that they're outright scammers, and it's unfortunate that they have another signature campaign going.  Hopefully JollyGood's thread (https://bitcointalk.org/index.php?topic=5353204) will persuade members to stop promoting them.

I wasn't aware of this situation for some reason, but I'll be keeping an eye on it from now on.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: bitbollo on August 08, 2021, 08:43:05 PM
never seen a scammy bookmaker like this one! no one should play here, it's a very trap.
I have already dozens of email due their infinite issues... with contests, tokens, everything.
everything designed just for scammed and just pathetic support. Flag supported!


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: zanezane on August 09, 2021, 03:08:23 AM
never seen a scammy bookmaker like this one! no one should play here, it's a very trap.
I have already dozens of email due their infinite issues... with contests, tokens, everything.
everything designed just for scammed and just pathetic support. Flag supported!
Yes they are a scam, they even created their own campaign right now and they are strict to suppress people from revealing their scummy behavior by deleting the replies. Good thing that there's a banner that warns users to not deal or be careful with dealing with them, so as to not get scammed.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on September 02, 2021, 07:58:55 PM
Quoting myself from 2 years ago:
@marlboroza I think Loyce sold his BKB or swapped them for BKT before selling them. I am sure he can confirm but he made a fraction of what he should have had before serial scammer Dean Nolan decided to destroy betking post-ICO
Correct. I got out of this debacle. BKB tokens would expire soon if I wouldn't swap them, so I swapped and sold them.

And now this happens:
The goal of this relaunch is to refund old ICO token holders.
15% of the site profit each month will go towards buying back old BKB tokens.
Dean said BKB tokens would expire 2 years ago, leaving the only option to exchange them for his (much more abundant) BKT tokens. And now Dean is saying he's buying back BKB tokens again. Let's just add it to the long list of shady actions.

I just realized Bitcoin is much higher again, so at the current exchange rate Dean would have to give back only a fraction of the BKB tokens' original Bitcoin value. He did that before, until the exchange rate didn't work in his favor.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: yahoo62278 on September 02, 2021, 08:12:57 PM
Quoting myself from 2 years ago:
@marlboroza I think Loyce sold his BKB or swapped them for BKT before selling them. I am sure he can confirm but he made a fraction of what he should have had before serial scammer Dean Nolan decided to destroy betking post-ICO
Correct. I got out of this debacle. BKB tokens would expire soon if I wouldn't swap them, so I swapped and sold them.

And now this happens:
The goal of this relaunch is to refund old ICO token holders.
15% of the site profit each month will go towards buying back old BKB tokens.
Dean said BKB tokens would expire 2 years ago, leaving the only option to exchange them for his (much more abundant) BKT tokens. And now Dean is saying he's buying back BKB tokens again. Let's just add it to the long list of shady actions.

I just realized Bitcoin is much higher again, so at the current exchange rate Dean would have to give back only a fraction of the BKB tokens' original Bitcoin value. He did that before, until the exchange rate didn't work in his favor.
I'm not defending him but no matter what he does, he's not gonna make everyone happy. It's a very shitty situation that should end with him serving prison time, but so far that's not looking like the outcome we will see here. He should have to refund 100% of what users invested based on the bitcoin amount, not the dollar value.

So the question becomes, does everyone accept something vs getting nothing? Not that he's gonna care about what's written here, but this is what it boils down to.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: PrimeNumber7 on September 06, 2021, 05:58:08 AM
And now this happens:
The goal of this relaunch is to refund old ICO token holders.
15% of the site profit each month will go towards buying back old BKB tokens.
Dean said BKB tokens would expire 2 years ago, leaving the only option to exchange them for his (much more abundant) BKT tokens. And now Dean is saying he's buying back BKB tokens again. Let's just add it to the long list of shady actions.
I came here to ask about this very issue. Is there any evidence that Dean is in fact trying to make investors whole by buying the old BKB tokens?

If someone had sold at a low price, their claim would have transferred to whoever purchased their tokens.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on September 06, 2021, 06:18:50 AM
Is there any evidence that Dean is in fact trying to make investors whole by buying the old BKB tokens?
I haven't seen it.

Quote
If someone had sold at a low price, their claim would have transferred to whoever purchased their tokens.
Lol, that would be Dean himself! He told people that BKB tokens would expire, and should be exchanged for the BKT tokens he created. Not having them expire (and possibly buying them back from himself) is just shady.

That also means buying back BKB tokens doesn't make me whole: he broke his buy-back promise, which is what forced me to exchange the BKB tokens for other tokens.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: PrimeNumber7 on September 06, 2021, 07:01:04 AM
If someone had sold at a low price, their claim would have transferred to whoever purchased their tokens.
Lol, that would be Dean himself! He told people that BKB tokens would expire, and should be exchanged for the BKT tokens he created. Not having them expire (and possibly buying them back from himself) is just shady.

That also means buying back BKB tokens doesn't make me whole: he broke his buy-back promise, which is what forced me to exchange the BKB tokens for other tokens.
I have to disagree with you on this one. If Dean unilaterally changed the terms of the BKB tokens, you would have a breach of contract claim against him.

If someone owes you money as evidenced by a bond, you cannot sell the said bond for a discount and expect the creditor to pay you the difference between the sale price of the bond and 100 cents on the dollar of the face value of the said bond. The buyer of the said bond can negotiate with the creditor to settle the debt, which may or may not involve the creditor receiving less than the face value of the bond.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on September 06, 2021, 09:32:52 AM
That also means buying back BKB tokens doesn't make me whole: he broke his buy-back promise, which is what forced me to exchange the BKB tokens for other tokens.
I have to disagree with you on this one. If Dean unilaterally changed the terms of the BKB tokens, you would have a breach of contract claim against him.
I don't get why you disagree on this. Dean ended the quarterly buybacks, which broke the terms of the BKB tokens, which is a clear breach of contract, which is (the main reason) why I Flagged him.

Quote
If someone owes you money as evidenced by a bond, you cannot sell the said bond for a discount and expect the creditor to pay you the difference
No worries, I have no expectations left.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: PrimeNumber7 on September 07, 2021, 05:14:57 AM
That also means buying back BKB tokens doesn't make me whole: he broke his buy-back promise, which is what forced me to exchange the BKB tokens for other tokens.
I have to disagree with you on this one. If Dean unilaterally changed the terms of the BKB tokens, you would have a breach of contract claim against him.
I don't get why you disagree on this. Dean ended the quarterly buybacks, which broke the terms of the BKB tokens, which is a clear breach of contract, which is (the main reason) why I Flagged him.

Quote
If someone owes you money as evidenced by a bond, you cannot sell the said bond for a discount and expect the creditor to pay you the difference
No worries, I have no expectations left.
As a holder of a debt obligation, you have an expectation of repayment obligations, and/or repurchase obligations as outlined with the agreement between you and the creditor (in this case Dean/BetKing).

If the creditor fails to honor any repayment or repurchase obligations, as a holder of a debt obligation, you have a cause of action (https://en.wikipedia.org/wiki/Cause_of_action) against the creditor. A holder of a debt obligation can be made whole by the creditor honoring their repayment or repurchase obligations. A holder of a debt obligation can also choose to settle their claims by accepting less than the total amount owed in exchange for a quick resolution and/or certainty they will receive a recovery. If you sell your debt obligation you are selling the right to receive a repayment (and to sell your debt obligation via repurchase) to the buyer, who can choose to settle if he so chooses.

The title of this thread appears to imply that you "lost" 99% of your "investment" due to Dean's/BetKing's default in their obligations. A key part of the type of flag you opened is that there needs to be a way in which you can be made whole, and have the flag rescinded. Presumably, you want to receive the 99% of your initial investment that you lost. If this happens, what happens to the buyer of your BKB? They presumably bought a token with a face value of $1.00 for a price of $0.01. If they bought at a discount, the face value remains the same, and they presumably bought with the expectation of either being able to receive the full face value of the token or being able to settle for less than face value, but at an amount greater than their purchase price.

This is an important part of contract law, and should be considered prior to supporting a flag involving a contract violation.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on September 07, 2021, 09:43:10 AM
If the creditor fails to honor any repayment or repurchase obligations, as a holder of a debt obligation, you have a cause of action (https://en.wikipedia.org/wiki/Cause_of_action) against the creditor.
You know as well as I do that I can't pursue legal action against some anonymous guy on the internet for $700. All I have to fight scammers is this platform (Bitcointalk).

Quote
A holder of a debt obligation can be made whole by the creditor honoring their repayment or repurchase obligations. A holder of a debt obligation can also choose to settle their claims by accepting less than the total amount owed in exchange for a quick resolution and/or certainty they will receive a recovery. If you sell your debt obligation you are selling the right to receive a repayment (and to sell your debt obligation via repurchase) to the buyer, who can choose to settle if he so chooses.
It's not as if I had much of a choice: BKB's only value was based on Dean's buyback promise, and after he cancelled that, he decided BKB would become worthless. He also came up with several different stories:
On November 30, 2018, I received a "Latest news" email from BetKing:
Quote
Future of BKB and BetKing
 
BetKing will be moving away from gambling and rebranding to become a Bitcoin bank, exchange and payment processor.
 
We have already began work on this and we will launch in q1 of 2019. See https://bitsafe.io for more details and a working demo of the app.
 
Once the new site is live BKB will be converted to BTSC (BitSafe Coin) automatically using the exchange rate of both tokens at the time.
On January 28, 2019, I received another email from BetKing:
Quote
Existing BKB holders will be able to convert BKB for the new token.
Either way, BKB would have been "converted" one way or another, so I did the only sensible thing left: cut my losses. But that doesn't mean Dean made me whole.
If you disagree, you're free to withdraw Support for the Flags and Oppose them instead.

A key part of the type of flag you opened is that there needs to be a way in which you can be made whole, and have the flag rescinded. Presumably, you want to receive the 99% of your initial investment that you lost.
Dean is free to contact me to work something out. I'm not unreasonable :)

Quote
If this happens, what happens to the buyer of your BKB?
As I pointed out earlier, the "buyer" is Dean himself. He's also the one who decided BKB token holders had no other choice than to sell them, or he'd make them completely worthless.
Besides:
At the ICO, Dean said the BKB tokens wouldn't be sold again.

This is an important part of contract law, and should be considered prior to supporting a flag involving a contract violation.
I'm not sure why you're trying to find a loophole for scammer Dean. Fact is he broke so many of his previous promises and now created his fifth Bitcointalk account to post this:
https://i.imgur.com/bhk4VNT.png (https://betking.io/?ref=btctalkthread)

Latest BKB/Bankroll Refunds: $10,000
15% of the sites monthly profit goes to refunding bankroll losses and buying back BKB.
If you had BKB tokens or bankroll losses you can view your latest refund stats at https://betking.io/refunds
Note that this can't be verified at all, and since he's a proven liar and scammer, I don't believe a word he says.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: TwitchySeal on July 08, 2023, 12:26:07 AM
He's baaaaackk



From betking tg channel:

Quote
BetKing.io Relaunched
https://betking.io

Currently only the classic dice game is live and can be played with BTC, ETH, LTC etc as well as BKB.

We are waiting on game providers re-activating our account so we can offer slots and casino games.

Information for token holders can be found here https://betking.io/token
Old token holders will see BKB in their balance.
BKB Pool payouts will start once the game providers are activated.

We are in the process of finding  a new person or team to manage and run the day to day operations. Get in touch if interested.

Any questions can be emailed to support@betking.io


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on July 08, 2023, 01:21:33 AM
How much longer will this scammer try to rinse the Betking name?

I thought it was a matter of time before he returned but did not expect it this late. If anything, I would have expected him to have returned with (yet another) re-launch a long time ago.

At least for him there is one member that is already playing even with miniscule amounts of BTC if those figures are even correct. I wonder how long this will go on for before he tried to fund it with another round of tokens and investments. In the end, he will run off again that is inevitable.

https://i.postimg.cc/y8bBHzkF/betkingscam-Copy.png


He's baaaaackk



From betking tg channel:

Quote
BetKing.io Relaunched
https://betking.io

Currently only the classic dice game is live and can be played with BTC, ETH, LTC etc as well as BKB.

We are waiting on game providers re-activating our account so we can offer slots and casino games.

Information for token holders can be found here https://betking.io/token
Old token holders will see BKB in their balance.
BKB Pool payouts will start once the game providers are activated.

We are in the process of finding  a new person or team to manage and run the day to day operations. Get in touch if interested.

Any questions can be emailed to support@betking.io


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on July 08, 2023, 08:02:27 AM
In the end, he will run off again that is inevitable.
It's typical for broke casino's: trying to fake it till they make it. If it's profitable, he'll be "good and honest" again. But if it's not profitable, he has no money to pay anyone. So as a player, you can only lose.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on July 09, 2023, 12:31:13 AM
Where would he have received investment from? There has to be a bankroll in order for a casino to operate as a viable business. Granted he stole the previous bankroll and blamed it on an imaginary hack but this time he claims BetKing is now privately bankrolled (https://betking.io/token) and "The pool has been funded with $100,000 from other unrelated projects and the site owners personal funds to kick start the relaunch of the site."

If he really has managed to fool investors then eventually through lack of any real interest from gamblers in the betking.io website, it will definitely close. Whether he closes the website as an exit-scam would be determined when that stage comes but it definitely will. Other casinos are too far ahead therefore betking.io can only dream of getting a slice of those customers but like previous occasions it will fail, again.

In the end, he will run off again that is inevitable.
It's typical for broke casino's: trying to fake it till they make it. If it's profitable, he'll be "good and honest" again. But if it's not profitable, he has no money to pay anyone. So as a player, you can only lose.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: JollyGood on September 21, 2023, 09:51:08 PM
If you had an account in 2017 but didn't have a balance in your account in 2019 your old account will not work. You would need to make a new one and then prove ownership of tokens.

The rate is $0.09128 yes, that was the price of the token after the ICO ended. Most investors bought the tokens cheaper in the earlier stages of the ICO.

He is back posting in the forum again after yet another re-launch: BetKing.io Token Refunds - $44k refunded since going live again (https://bitcointalk.org/index.php?topic=5466246)

If you still have your 7278 BKB from the 2017 Betking scam you should be able to get $664.34 compared to the approximate $700+ you were originally owed (according to the rates given above in the post). The question is, will he pay his debt to you?

I have 7278 BKB left, which (at $0.099 per BKB) was supposed to be worth just over $700. The last time BKB was traded for Bitcoin on betking.io's own exchange, it would have been worth around $2 in total.
Currently, the only option is to exchange 1 BKB for 20 BKT. BetKing claims hourly buy backs, but that's only with a part of the profit, at the rate on their own exchange. It doesn't do justice to the dollar value it was supposed to have.

https://betking.io/exchange doesn't have any buy orders at BTC-BKT. There are buy orders at LTC-BKT, with the last price being 0.000001 LTC per BKT.
That means my 7278 BKB are worth 145563 BKT which is worth 0.145 LTC which equals $8.21. That's close to a 99% drop from the fixed pegged in dollar price BetKing guaranteed at it's ICO.
I should have been able to sell back 10% quarterly at a rate pegged in dollar, meaning around $70 for the first quarter, $63 the next quarter and so on.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on September 22, 2023, 07:30:44 AM
He is back posting in the forum again after yet another re-launch: BetKing.io Token Refunds - $44k refunded since going live again (https://bitcointalk.org/index.php?topic=5466246)
Hey, I've seen this one before:
The goal of this relaunch is to refund old ICO token holders.
15% of the site profit each month will go towards buying back old BKB tokens.

And 2 years earlier, he did the same:
Bump: the scammer is back with a self-moderated thread: BetKing.io is Closed. Balance recovery + BKT/BKB buyback plan. (https://bitcointalk.org/index.php?topic=5201753.0).
It looks like he's planning his next scam, including Newbie sockpuppets vouching for him.

The scam and misleading only gets worse. Those "BKB tokens" he claims to be refunding expired years ago:
Dean said BKB tokens would expire 2 years ago, leaving the only option to exchange them for his (much more abundant) BKT tokens. And now Dean is saying he's buying back BKB tokens again. Let's just add it to the long list of shady actions.

I've seen the new topic. He's trying the same every 2 years, somehow using his previous scam to convince gullible people he's the good guy now. Lol.
If people still fall for his scam, despite a big red Flag banner, -11 and a self-moderated thread, they can't be helped.

If you still have your 7278 BKB from the 2017 Betking scam you should be able to get $664.34 compared to the approximate $700+ you were originally owed (according to the rates given above in the post).
See:
@marlboroza I think Loyce sold his BKB or swapped them for BKT before selling them. I am sure he can confirm but he made a fraction of what he should have had before serial scammer Dean Nolan decided to destroy betking post-ICO
Correct. I got out of this debacle. BKB tokens would expire soon if I wouldn't swap them, so I swapped and sold them.
When I opened this topic, my BKB tokens would have been worth close to 0.2 BTC based on the ICO promises. I got about 0.0045 BTC for them.

The question is, will he pay his debt to you?
Of course not, he's a scammer.



He's still using one post Newbie sockpuppets:
Hi, I was one of the investors in the Betking ICO in 2017, possibly even one of the largest investors at the time. There have been many years of discussion about how things went wrong and what happened to the site.

I, like many people, have never known for sure what happened but I can confirm that I've started to see refunds for my tokens and this is the first time since the casino failure years ago that I had any refund. In about 3 months I've gotten back about 2% of my investment, but it's real money successfully withdrawn from the site. It's a hopeful sign because if I was made whole it would be absolutely life changing.



Why is he advertising his "token refund" on the Gambling board anyway? The rules are One thread per site ONLY (https://bitcointalk.org/index.php?topic=39621.0). I've reported his topic:
Code:
The Gambling board rules say: "One thread per site ONLY". This guy has 8 topics for the same website by now, including more than one on "buying back tokens".
Update: a Mod locked the topic.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: Jawhead999 on September 22, 2023, 07:45:31 AM
Of course not, he's a scammer.
I was in doubt because they've promoted their scam project and claiming to make a refund, without any proof. But there's an user claimed he already get the refund, I don't think he's an alt of Betking. I guess you have nothing to lose to try it by contacting their email address.

Update: I just got my full refund!  :o

Quote
Why is he advertising his "token refund" on the Gambling board anyway? The rules are One thread per site ONLY (https://bitcointalk.org/index.php?topic=39621.0). I've reported his topic:
To gain attention, the topic should be moved to service discussion (altcoins) board.


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: LoyceV on September 22, 2023, 08:21:17 AM
I was in doubt
There you go, he's getting better as his scam and people start doubting he's a scammer.

Quote
But there's an user claimed he already get the refund
His screenshot shows he received 0.02331972 Bitcoin. BetKing gained millions of dollars in their scam ICO, at the time worth a couple of thousand Bitcoins. Giving back a fraction of a fraction (assuming it's true) doesn't mean squat.

Quote
To gain attention, the topic should be moved to service discussion (altcoins) board.
He's basically saying: "gamblers lost $44k on my site already, come play with me so you'll lose more and I can pretend to be Robin Hood".


Title: Re: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%
Post by: BetKing.io on September 22, 2023, 09:03:16 AM
Quote
To gain attention, the topic should be moved to service discussion (altcoins) board.
He's basically saying: "gamblers lost $44k on my site already, come play with me so you'll lose more and I can pretend to be Robin Hood".
[/quote]

On a site that you can't deposit on?