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181  Economy / Gambling / Re: 🌟Bitvest🌟 - Investor Plinko, Slot, Roulette, Bit Spin | 99% Dice Released! on: February 05, 2017, 06:53:43 AM
Thank you, Badger, for tipping the RainBot 4,500,000 tokens!

Also, congratulations to our investors, our profits continue to grow and are over 150 BTC now, with a margin adjusted bankroll nearing 2500 BTC!
182  Economy / Gambling / Re: 🌟Bitvest🌟 - Investor Plinko, Slot, Roulette, Bit Spin | 99% Dice Released! on: January 27, 2017, 05:40:20 AM
The average margin used is about 4.5, with the most common by far being 5.0.

As for the question about Kelly. Our Kelly varies per game, and even within each game. Due to the nature of custom betting, sometimes a lower Kelly is needed to reduce risk on specific bets. Margin just simply multiplies the Kelly levels your investments are handled at.
183  Economy / Gambling / Re: ★☆★777Coin★☆★ - ✔ Full Range of Games! ✔ Instant Withdraw! ✔ Progressive Jackpot on: January 27, 2017, 05:36:09 AM
Sorry for the delays, the giveaway is being processed right now Smiley
184  Economy / Gambling / Re: 🌟Bitvest🌟 - Investor Plinko, Slot, Roulette, Bit Spin | 99% Dice Released! on: January 26, 2017, 07:11:35 PM


We have also topped up our bonus rain with 5,000,000 tokens to celebrate!
185  Economy / Gambling / Re: 🌟Bitvest🌟 - Investor Plinko, Slot, Roulette, Bit Spin | 99% Dice Released! on: January 22, 2017, 07:21:45 AM
Stay tuned for exciting updates coming within the next few weeks Smiley
186  Economy / Gambling / Re: Bitvest scam how you were likely conned out your btc. on: January 21, 2017, 03:19:27 AM

Check everything on the forum about bitvest and you will find it was me who was grinding for this site while the owner sat on his ass.
I didn't put in 3500+ hundreds hours in a year for free that is illogical, so much i would be typing on bitvest during meeting or during work.

Zod basically just tried to play me like a fool and i was tired of it at this point, i had a questionable hack on my pc that could have leaked other private data from work and for clients.
Now they are trying to claim they never offered me such things then it was yeas we told you that.

Look on this forum i grinded bitvest hard all over the web no one does that kinda stuff for free not even a fan boy.

We thank you for your contributions, you were a large asset to the team, it is unfortunate you had to do all this and try to damage our reputation. In reality, you could ask any of our mods, they are unpaid, they to have put in 100's to 1000's of hours of "work" each. They enjoy their time on the site, they do it for the community. They do not see it as "work" like you do. They do not abuse our trust, leak trade secrets, and then extort us for money.

I would also seriously question the legitimacy of any logs posted by Sparked, or at the very least, expect him to selectively post logs with messages missing. Many users on our site will back up my claim that he tends to make a lot of stuff up, or drastically exaggerate things.
187  Economy / Gambling / Re: Bitvest scam how you were likely conned out your btc. on: January 21, 2017, 03:10:52 AM
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I talked to you several times over one year about the system, In fact i was told nothing about not getting any share i was told.
When you said the system would be no more i sent you a pm asking if that meant i won't be getting a share and there was no reply.

I was offered a boosted faucet and a cut so me getting faucet was only one part of the deal.
I'm requiring 2.5 btc in compensation for my work or im going to have to make all this public.

I seriously hope you have a talk with light because i was a serious help in building this sites reputation.
I was the one for so long the only one really pushing it until mods like absy decided to help.

I will quickly destroy the rep i spend thousands of hours building before i let you guys screw me over.

I'm going to give you guys till tonight to decided and then we will be handling this publicly along with negative rep you will receive from my account.
Also if there was a misunderstanding or not its your job as the host to make sure there isn't one which in these screen shots and copies of chat don't show that.

Which i don't see how there would be and no ones going to draw the same conclusions after they see your messages:
About halting withdraws, Saying not to tell people you were around so they couldn't ask you about the withdraws.

Which in turn lead to people betting that btc back that's the reason you let people bet during with draw requests.
That's fraud as you know and sites in the bitcoin community have been destroyed over way less.

I will also be sharing these conversations with the public so they can see i know it was partially my fault.

For the sake of transparency, that is the message he had sent us. We were going to negotiate payment since he seemed to not realize we told him a very long time ago that the profit sharing program had been canceled in the planning stages, we were willing to give him a reasonable amount of compensation, but when he escalated to that, it was no longer possible to negotiate.
188  Economy / Gambling / Re: Bitvest scam how you were likely conned out your btc. on: January 21, 2017, 02:55:23 AM
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I was told 5% of the profit once things picked up i would be getting, you guys now have between 100Btc - 113.77 Btc.
That number is reasonably close to our revenue but is well above our actual profits. Bitvest is not cheap to run, especially the well over 1.5 billion tokens we have had converted, and several BTC before the token system as well.

You were also told we were planning to give a cut to the moderation team, the 5% was not all for you, it also hadn't been decided whether or not it would go forward, this was communicated to you nearly immediately after the mention of the 5%. The plan was then dropped and not discussed any further, nor were any promises made to the mods.

You then had brought it up some time later, perhaps a month or two? I honestly don't know. But at that time, due to the confusion, and lack of communication, we had paid you 5% of the profits for the duration of that period and then told there would be no further payments, and the idea had been scrapped. Your continued "work" at that moment, and acknowledging that you understand the terms presented constitutes acceptance. You could have stepped down, or negotiated different terms, but you opted not do so.


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I was told that i would be compensated for being a vice-admin and for over a year i received nothing.
You received a drastically larger faucet, which you could have easily received many bitcoins from. Our mods have claimed over 5 BTC from our faucet, about 3-4 BTC of that coming from the mods larger faucet size. If anything, this *is* a payment of a notable percentage of all profits, and overall larger than the 5% planned number for the mod team we had as an initial idea, and quite large considering nobody was ever promised anything.

If the plan ever did go forward back in the day, your share would have likely been only 0.75 - 1.25% at most.

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After all the time and work that i have put into the site and the community this is the level of trust i get after thousands of hours logged.

I never said to you that you did this, all I know is your computer and network are where the actions were executed, while it may not have been you, I'm sure you'd agree that you are at least partially responsible since your computer being compromised is what caused the incident.


Quote
I provided a lot of my own winnings and btc to events tipped a lot of people.

You were told many times you would not receive compensation for that, as you were doing it with your own funds, from your own pocket, you also had clearly shown you were aware of this

I can confirm this above PM which sparked has posted elsewhere is genuine. We were attempting to negotiate (since we felt bad that he had genuinely misunderstood us) before he had a sudden outburst and started threatening to share trade secrets and implicitly threatening to forge documents. At that moment, it had turned from a negotiation to extortion, and we do NOT respond to threats of extortion.
189  Economy / Gambling / Re: Bitvest scam how you were likely conned out your btc. on: January 21, 2017, 02:31:10 AM
What was SparkedDev's role in bitvest? A developer/admin?

Note: The above message from SparkedDev is being posted due to us refusing to pay an extortion demand of 2.5 BTC!

So your proof of existence looks valid, that was a clever thing to prepare. It does not make SparkedDev look good as either:
a) He is extorting
b) He is willing to cover up for money


However, I guess most of us in the peanut gallery are more interested in if his claims are true or not  Grin



Anyway, an obvious way for Bitvest to get on top of this is to switch to something like what bustabit/moneypot (and probably a lot more?) do and always debit accounts for withdrawals even if there's not enough money to process it right away. Then when there is enough funds, they get sent out.

He was the lead of that chat moderation team for the majority of his time on Bitvest. He held no special powers on his account, aside from a few tools reserved for higher level moderators. You can see above, he also just leaked what all of those are.
190  Economy / Gambling / Re: Bitvest scam how you were likely conned out your btc. on: January 21, 2017, 02:21:27 AM
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Most of your mod tools are meant to be shady.
Shaddow ban, bans people from rain but still allows them to speak no one ever answers them why they don't earn from the rain bot.
The new auto banning system, and system that bans people but lets them still type thinking they aren't banned.
Plus and minus system that allows mods to rate users chat to decide how often they get picked.
i can go on about your mod tools and rules you have which are slightly shady.

These tools exist to make spammers think their spam is being seen. It makes it so they have a harder time realizing they were banned, which leads to drastically less effective spam. This is why our chat is so clean.

The shadowban is used on multi-accounters who attempt to abuse the system to earn more than their fair share of rain, this keeps the rainbot fair for everyone.

The +/- ratings are used to evaluate a user's chat, this makes the user more likely to receive rain in the future if they are helpful, or less likely if they are breaking chat rules.

Also, you were told to not disclose of these tools, you are sharing trade secrets on a public forum. This may cause permanent damage to the effectiveness of our moderation tools.
191  Economy / Gambling / Re: Bitvest scam how you were likely conned out your btc. on: January 21, 2017, 02:18:03 AM
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Anyone who knows anything knows bitvest is not regulated and there other site 777coin is the same.

They answer to no one other then their self, they can run with your funds at any time and you would never find them.

The unregulated part is true of nearly every bitcoin casino, and running with the funds is possible for any bitcoin company. If there was a way we could run the site without having to store user funds, or in some trustless way, we'd be doing that for sure.

We make every effort we can to be fully transparent, our wallets and addresses at bitvest are public knowledge, along with a full proof of liabilities and reserves. We have a solid reputation spanning back to 2013, lightlord had done well over 100 BTC in trade. personally, and paid out 1000's of withdrawals between his casinos and never had a single issue before.
192  Economy / Gambling / Re: Bitvest scam how you were likely conned out your btc. on: January 21, 2017, 02:10:57 AM

There is a few people who have posted about yous guys in the past saying they bet all their funds away because you took to long.


A player opting to bet their balance away is their choice, we give them that option. They could win, they could lose, it is merely done a convenience to allow users to play more. I do acknowledge that them losing could result in better profits for investors, but again, they are opting to bet it themselves.
193  Economy / Gambling / Re: Bitvest scam how you were likely conned out your btc. on: January 21, 2017, 02:05:31 AM
Don't you guys have something like nondisclosure or contract of sorts? this is really bad if you knew those things all this time then why didn't you come forward with your information and expose them sooner? now that they are not paying you hush money you are doing this?

So they protect their investors, but have they stole from any one other than delayed withdraws?
We have at times delayed withdrawals. For example, we have intentionally delayed withdrawals of very large wins while we double-checked everything to make sure the wins were legitimate. There are also times when a large withdrawal request is made and I don't have access to the funds to process it, lightlord holds the vast majority of site funds and is a very busy person. Check our reputation and our thread, there is not a single complaint of a non-payment. The fact that we allow players to play is a convenience factor. We do acknowledge that it could make a player lose some funds, or perhaps even win more, but that is on them, nobody is forcing them to play.
194  Economy / Gambling / Re: Bitvest scam how you were likely conned out your btc. on: January 21, 2017, 01:46:38 AM
We've talked with Sparked and clarified everything. This issue as a whole was basically a bunch of miscommunication and some misunderstanding.
195  Economy / Gambling / Re: 🌟Bitvest🌟 - Investor Plinko, Slot, Roulette, Bit Spin | 99% Dice Released! on: January 18, 2017, 03:35:49 PM
Congratulations to all our investors for an exceptional week. Bitvest was the #1 bitcoin casino by bet volume for the past 7 days, along with making over 50 BTC of profits, and over 125 BTC of new investments!

196  Economy / Gambling / Re: 🌟Bitvest🌟 - Investor Plinko, Slot, Roulette, Bit Spin | 99% Dice Released! on: January 17, 2017, 11:23:49 PM
We plan to add a way to see users' stats, it'll be opt-out, though, so you can keep it hidden if you want.
197  Economy / Gambling / Re: 🌟Bitvest🌟 - Investor Plinko, Slot, Roulette, Bit Spin | 99% Dice Released! on: January 17, 2017, 06:44:29 PM
The house cut for the majority of his volume was on Dice (1%), and the rest going to Plinko (1.7%) where most of the losses occurred.
198  Economy / Gambling / Re: want to invest in bitvest on: January 16, 2017, 01:15:04 AM
Our fees and terms are explained at https://bitvest.io/investing
199  Economy / Gambling / Re: 🌟Bitvest🌟 - Investor Plinko, Slot, Roulette, Bit Spin | 99% Dice Released! on: January 15, 2017, 04:51:22 AM
Our investors have made a few more BTC since that post. It's never too late to invest.
200  Economy / Gambling discussion / Re: How to choose a bitcoin casino? on: January 14, 2017, 06:14:23 PM
The most important factors to look for are their reputation and whether or not they are provably fair. Having the games you want to play is a big plus as well Smiley.
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