It's not obvious to me at all. Isn't it possible that there are still significant gains to be made on Bitcoin?

Does anybody know what proportion of bankroll investors are actually playing and betting at Bustabit? If as an example devans (however unlikely) decided to return the bankroll and fund the site himself, how many of those bankroll investors that play there because they have invested - would stop betting there?

If for example 50% of all users betting at Bustabit are bankroll investors then there would be a large chunk of those that would stop betting there if they withdrew their bankroll, right? So would the website be as profitable and successful without the present bankroll structure? I think the status quo suits everybody so there is no need to change anything.

I have never been doing that for bustabit. I do that for bustadice, as I run the audit server -- so it makes sense in that context -- as running the audit server allows me to verify wins/loses due to bustadice's multi-party provably fair scheme (there's basically 2 server seeds, and the audit server has one which Daniel himself doesn't know).

Suppose that the bankroll before you invest is 5000 BTC, and that over the course of your investment players lose 50 BTC.

If you invest 0.01 BTC then you have 0.01 out of 5000.01 and earn 0.0001 BTC which is a 1% return.

If you invest 1 BTC then you have 1 out of 5001 and earn 0.009998 BTC which is a 0.9998% return.

If you invest 100 BTC then you have 100 out of 5100 and earn 0.98039216 BTC which is a 0.98039216% return.

If you invest 5000 BTC then you have 5000 out of 10000 and earn 25 BTC which is a 0.5% return.

The more you invest, the smaller your percentage return (assuming your investment doesn't entice new whales to play and lose).

It's certainly possible he's broke, but there's no way that happened without him misappropriating funds. Like for him to have no money, it means he managed to lose:

a) His own money [Ok, fine. Who doesn't like hookers and blow, and it's his to waste ]
b) Bankroll investor money [Ok, fine. I'm willing to suspend disbelieve and accept there was a bug in which someone knew the server and won the server seed]

but more dubiously:

c) ICO investor money [wtf, I've run a far bigger site than Deans. There's no way he would've even put a dent in the raised funds, even with its low volumes it should've been turning a mild profit]

and then last, completely unexplainable:

d) Player balance funds [in fact, Dean has yet to even comment on how this is even possible. That's how outrageous it is]


----

I knew there was something wrong when Dean kept bugging me to buy his ICO tokens, and I expressed concern about him canceling the buy-backs. Dean kept saying that it was impossible, and I pointed out there could even be external events that made it impossible such as bitcoin price gaping down. Dean then tried to assure me that it was impossible, because he "systems in place" to automatically sell bitcoin if the price fell such that it would risk his ability to do the buy-backs.

That was the moment I knew there was something seriously wrong. It was clearly bullshit, no one in crypto is going to keep their funds on an exchange with auto-sell orders. Like c'mon. I bit my tongue and politely refused, but I knew there was something brewing and warned a few people to be careful. Then very shortly after, he unilaterally decided to not honor the promised buy-back scheme. There's just no way you can possible spin Dean's actions as anything but scammy to the extreme.

I think the only question is: why? Did he develop a gambling or drug problem and blow everyone's money? Or is he just greedy and sitting on everyone's money?

 

Good agent is rly important playing apps like PokerBros and PPP. Chaz is showing himself very good. Always online, fast answers and transfers. Rakeback is send str8 to my balance and withdrawals are mostly within 12 hours. Very satisfied with cooperation so far. Keep u up to date.

I think you're perhaps being a bit too charitable. My sincere guess is that he's sitting on a considerable amount of bitcoin, and the im-so-broke is just a cover story to make recovery attempts sound unattractive. After all, that was his entire defence against investors considering (starting?) expensive legal action against him (along with threats that those would be the last to be "paid back").

We know he originally closed his site when he had secured enough money to basically comfortable retire. Then he only returned to the scene after seeing the ICO craze, and the opportunity to sell millions (!) of dollars of tokens to just reopen his site.

At one point even expressed interest in buying my site, I can't remember exactly but I think the number were were kicking around was ~10M dollars? And he was going to earmark funds for bankrolling it too. So I just don't see how the sudden leap from multi-millionaire with FU money, to penniless supposedly happened. I mean I wouldn't be terribly surprised if he developed a gambling problem or something, and blew everyone's money. But him trying to pretend he's penniless cause of "marketing" and "hacking" is ridiculous.

I could muster some empathy for him if he could be genuine for 30 seconds and try make amends. Until then, I think he's just an unrepentant scammer who is only here to add confusion and try clean up his name.

Did you miss posting the specific poker website here, (is it pokerbros .com, .org, etc ?) . Is it posted already somewhere but I missed it or something? Would be nice to get the link from here in order to see what the site looks like, instead of searching for it via a search engine.

I owe this forum fuck all.
This forum has caused me to lose millions of $ and destroyed my reputation (probably the 2nd most trusted person in this community at one point after dooglus).

Where was the community defending me and BetKing BEFORE anything happened when JollyGood was claiming the site was a scam for almost a year before there was even a problem?
Where were the token holders who managed to sell all their tokens for profit defending me?
Where were all the old BetKing bankroll investors, who made millions because of me, pointing out how obvious it was that jolly good was talking shit?

It was me left defending myself every single day. You can check my post history, I posted replies to all this shit for years non stop until it just became pointless.
No one would even believe anything I wrote. We just lost more and more players because of it.

No help from players, no token holders, no investors, no ex investors posted once to say he was wrong and the site was legit.

They all just believed his lies and even spread them themselves too.

Somehow I even got punished for being honest with investors. 

Investors are lucky I care about my name and that I'm a good person because this would be the easiest situation in the world to just say fuck it and not bother. They lost money investing ffs, what ceo would refund them? None.
Half them don't deserve it anyway after what they put me through.

So again, I owe you fuck all and I'll be off of here come June 1st when the final Bitsler refunds are done.