Casinobit - LIVE ROULETTE - [INVEST] - BEST CASINO OF 2013

[FloridaBear]

What people don't seem to understand is that these things happen, if Dooglus wouldn't have 110k sitting on the table at the time of the error he would probably find himself in the same situation.

Hard to understand how you can equate Dooglus' mistake with your gross mismanagement and failure to pay back real BTC. Dooglus allowed bets to be placed that never should have been placed; the simple solution was to "undo" those bets. Nobody lost any BTC that they shouldn't have gained in the first place. You allowed a completely broken investment system to severely overpay early investors and allowed bettors to bet BTC that was not paid out when they won. Dooglus took about 48 hours to make things right; we still have no idea how long you will take (if ever).

[eroxors]

I own 5% of Casinobit.net (non-voting share) and I am willing to sell my ownership stake to any party interested in owning a piece of the company. I have a signed contract with the owner with both of our government IDs scanned and attached. This stake was a part of a contract in exchange for an interest-free loan I provided to the site several months ago. I have not received any profits from the site. I will amend the contract indicating a transfer of ownership and send it to the buyer in PDF form. Please send offers via PM. I will only release details of the transaction to the buyer. I have substantial forum rep and rep elsewhere (heatware, hardforums, etc.) Thanks for your interest.

-Eric

[eroxors]

I own 5% of Casinobit.net (non-voting share) and I am willing to sell my ownership stake to any party interested in owning a piece of the company. I have a signed contract with the owner with both of our government IDs scanned and attached. This stake was a part of a contract in exchange for an interest-free loan I provided to the site several months ago. I have not received any profits from the site. I will amend the contract indicating a transfer of ownership and send it to the buyer in PDF form. Please send offers via PM. I will only release details of the transaction to the buyer. I have substantial forum rep and rep elsewhere (heatware, hardforums, etc.) Thanks for your interest.

-Eric

So basically you are offering your 5% shares for BTC to allow someone to "see" your contract and find out who Casinobit is?  Boy that is shady in my opinion.

As a 5% share holder you own 5% of the debt to creditors, imo and assuming its 300 btc your debit is 15 btc.

I think I have a claim to 5% of profits prior to the "investment" feature. I'm not entirely sure how much that is and I don't really want to look through the records to find out. The contract is dated May 9th when around 50btc were wagered on the site and I think the site funds were pulled prior to the investment feature at around 1500btc wagered.

Maybe this has no/little value, I don't know.

[eroxors]

I think I have a claim to 5% of profits prior to the "investment" feature. I'm not entirely sure how much that is and I don't really want to look through the records to find out. The contract is dated May 9th when around 50btc were wagered on the site and I think the site funds were pulled prior to the investment feature at around 1500btc wagered.

Maybe this has no/little value, I don't know.

Would concur with that but did you recieve BTC back after "investment" feature, because that is on you to recover prior to investment option releasing in my opinion, ultimately you are still in a bad place.

Ultimately though you own 5% of the company and have made that public now, not just invested in it as per you apparent contract. If I was you I would not "extort" (even though you appear not to be), your 5% of the company, I would as a sign of good faith be willing to release information of Casinobit as a way to protect yourself, because now people have someone with known involvement and easily could attack you to get to him.

I received no return on my ownership stake, but I expected to. I would like to sell the stake for as much as I can get. I will only release information to the buyer.

[icecube]

Why aren't we able to get a definite answer!??

[bit777]

I think I have a claim to 5% of profits prior to the "investment" feature. I'm not entirely sure how much that is and I don't really want to look through the records to find out. The contract is dated May 9th when around 50btc were wagered on the site and I think the site funds were pulled prior to the investment feature at around 1500btc wagered.

Maybe this has no/little value, I don't know.

Would concur with that but did you recieve BTC back after "investment" feature, because that is on you to recover prior to investment option releasing in my opinion, ultimately you are still in a bad place.

Ultimately though you own 5% of the company and have made that public now, not just invested in it as per you apparent contract. If I was you I would not "extort" (even though you appear not to be), your 5% of the company, I would as a sign of good faith be willing to release information of Casinobit as a way to protect yourself, because now people have someone with known involvement and easily could attack you to get to him.

I received no return on my ownership stake, but I expected to. I would like to sell the stake for as much as I can get. I will only release information to the buyer.

What uvwvj says, and what seems to be the situation is: 1. You are eligible to receive payment as per your agreement with Casinobit at the signed terms (We don't know what they are). At the same time 2. You are liable for 5% of the debt of the company since you own 5% equity in it.

However, it seems like Casinobit scammed you too, because if you were entitled to a part of the profit, and given that the Investment scheme does not have any dedicated house % from the profit (that is all investors hold 100% of the profit share), and you say that your loan was deducted from the balance before the investment scheme started, then theoretically you would have never received any profit from your agreement with Casinobit because all profit would be automatically shared between the current investors. And in this case, this logically cancels your liability towards the other players/investors, since you have been scammed too.

In my opinion given the circumstances, your equity is not sellable as the buyer will automatically be involved in a legal nightmare, especially now that Casinobit is selling the site, and investing the stolen bitcoins in a third party.

[elm]

Also eroxors your identity is very very easy to get, if I lost coin on this my lawyer would have already been contacting you.  Post the contract and redact as much of you information as possible.

Otherwise you going to get hammered in legal costs imo.

what You are actually saying is that Your lawyer will get hold of dooglus, casinobit etc?

[eroxors]

Also eroxors your identity is very very easy to get, if I lost coin on this my lawyer would have already been contacting you.  Post the contract and redact as much of you information as possible.

Otherwise you going to get hammered in legal costs imo.

I have nothing to hide. The ownership share is a non-voting stake as payment for a loan.

My original offer remains, I will not change it.

[icecube]

So, Mr. Casinobit has 100 BTC and told us that the people who bet on his site are the people in highest priority set to be paid.
Why not just pay them now?

[bit777]

So, Mr. Casinobit has 100 BTC and told us that the people who bet on his site are the people in highest priority set to be paid.
Why not just pay them now?

Because he is investing the 100btc in another casino

[Allaboutbit]

I think I have a claim to 5% of profits prior to the "investment" feature. I'm not entirely sure how much that is and I don't really want to look through the records to find out. The contract is dated May 9th when around 50btc were wagered on the site and I think the site funds were pulled prior to the investment feature at around 1500btc wagered.

Maybe this has no/little value, I don't know.

Would concur with that but did you recieve BTC back after "investment" feature, because that is on you to recover prior to investment option releasing in my opinion, ultimately you are still in a bad place.

Ultimately though you own 5% of the company and have made that public now, not just invested in it as per you apparent contract. If I was you I would not "extort" (even though you appear not to be), your 5% of the company, I would as a sign of good faith be willing to release information of Casinobit as a way to protect yourself, because now people have someone with known involvement and easily could attack you to get to him.

I received no return on my ownership stake, but I expected to. I would like to sell the stake for as much as I can get. I will only release information to the buyer.

Who in there right mind is going to pay you money for something that is going to incur them more debt in the future. If you own 5% equity of the business you inturn own 5% of there liabilities as well.

[eroxors]

I think I have a claim to 5% of profits prior to the "investment" feature. I'm not entirely sure how much that is and I don't really want to look through the records to find out. The contract is dated May 9th when around 50btc were wagered on the site and I think the site funds were pulled prior to the investment feature at around 1500btc wagered.

Maybe this has no/little value, I don't know.

Would concur with that but did you recieve BTC back after "investment" feature, because that is on you to recover prior to investment option releasing in my opinion, ultimately you are still in a bad place.

Ultimately though you own 5% of the company and have made that public now, not just invested in it as per you apparent contract. If I was you I would not "extort" (even though you appear not to be), your 5% of the company, I would as a sign of good faith be willing to release information of Casinobit as a way to protect yourself, because now people have someone with known involvement and easily could attack you to get to him.

I received no return on my ownership stake, but I expected to. I would like to sell the stake for as much as I can get. I will only release information to the buyer.

Who in there right mind is going to pay you money for something that is going to incur them more debt in the future. If you own 5% equity of the business you inturn own 5% of there liabilities as well.

There is a significant lack of understanding about types of companies and liabilities with regard to company debt vs. profit here.

[Allaboutbit]

When dooglus made a mistake he admitted his mistake and came clean about it immediately, he also rectified it immediately. You kept the site going knowing that you were taking money from people that you couldn't afford to repay. It is not a matter of you not having the spare 400BTC, it's that you knew you were robbing people and you had no problems with it. Like many others have stated in the past if you came clean early on people would be willing to work with you, but you choose another route. Therefore you are scammer. Explain to me again how u can try to compare yourself to other legitimate site operators?

[pedrog]

Hey, CasinoBit, bitcoin price is going way down, like back to 20 or 30 dollars, now can you afford pay everybody and save your casino? Bitcoin is going to be real cheap...

[CasinoBit]

Hey, CasinoBit, bitcoin price is going way down, like back to 20 or 30 dollars, now can you afford pay everybody and save your casino? Bitcoin is going to be real cheap...

I have heard about the incident, sounds like FUD to me. BTC will stay up regardless, it will certainly not fall to 20-30.

[Allaboutbit]

When dooglus made a mistake he admitted his mistake and came clean about it immediately, he also rectified it immediately. You kept the site going knowing that you were taking money from people that you couldn't afford to repay. It is not a matter of you not having the spare 400BTC, it's that you knew you were robbing people and you had no problems with it. Like many others have stated in the past if you came clean early on people would be willing to work with you, but you choose another route. Therefore you are scammer. Explain to me again how u can try to compare yourself to other legitimate site operators?

All the people that have opened accounts and deposited BTC more than a week after the incident have been paid out immediately upon withdraw as I recall.

Really why don't you start reading around page 41 of this thread. See how much you recall after that.

[CasinoBit]

Deleted my post by mistake.

So, Mr. Casinobit has 100 BTC and told us that the people who bet on his site are the people in highest priority set to be paid.
Why not just pay them now?

Because he is investing the 100btc in another casino

Just to clear this up, I am not investing the 100BTC in another casino, I am putting the 100BTC into the bankroll of the casinos new owners.

What people don't seem to understand is that these things happen, if Dooglus wouldn't have 110k sitting on the table at the time of the error he would probably find himself in the same situation.

Hard to understand how you can equate Dooglus' mistake with your gross mismanagement and failure to pay back real BTC. Dooglus allowed bets to be placed that never should have been placed; the simple solution was to "undo" those bets. Nobody lost any BTC that they shouldn't have gained in the first place. You allowed a completely broken investment system to severely overpay early investors and allowed bettors to bet BTC that was not paid out when they won. Dooglus took about 48 hours to make things right; we still have no idea how long you will take (if ever).

I was not talking about that incident, I was referring to the time when he forgot to remove the BTC from the balance of a player leading to him withdrawing twice, ultimately costing Dooglus 120,000$ which is nearly 4 times more than our debt and some might call his mistake even more foolish than ours. The only difference is that I didn't have a spare ~400BTC to put into the business, this is certainly not an excuse and I am very sorry for freezing the balances but that was not the point, the point was that these things do happen.

[icecube]

ANY WORD

[hobbymd]

ANY WORD

+1

 

[Allaboutbit]

ANY WORD

Yes theres word, he's a scammer that used everyone's money to fund another casinos bankroll.