The competition is too big now too. It was over 6 years ago that BetKing was on top. It's not possible to compete with sites like Stake who have billions of $ for marketing.
It would be an uphill losing battle at every step.
I also have no desire to operate a casino any more. That is not an easy job to do with the amount of abuse you receive as any operator here would be able to confirm.
Yes the competition is far too big, betking would not be able to compete with the likes of Stake or any other casino that was spending phenomenal amounts on marketing.
If memory serves correct, one of the problems you faced was that you had freelancers logging in to the server to carry out changes and one of the hacks which has the bankroll allegedly stolen was blamed on that hack (but it was very suspiciously and conveniently timed). It would be virtually impossible for any online gambling/betting website or casino to be a one person operation and be successful. It would require several people with their own qualities and attributes to make it work.
If it is purely to allow those holding BKB/BKT then it has to be funded from somewhere.
There is confusion because there is a contradiction. On one hand you say you have no interest in making a profit from the website and also you would close it after the last token was refunded yet you said it is privately funded. Can you elaborate because if $2 million worth of tokens were outstanding and only $44,000 was recently refunded (or brought back in the sale), how do you intend to make all token holders whole again? Do you have $2 million worth of investment to pay all those funds back if token holders try to sell them back to you?
It would be privately funded if I chose to open again. Not looking for new investors or any public bankroll model. I can get the funding no problem for bankroll. But that wouldn't guarantee the site being profitable due the issues mentioned above.
Here you have stated
BetKing is now privately bankrolled therefore who has bankrolled it?
My time is best spent elsewhere where I can actually make money to refund investors instead of struggling with a brand damaged site. I spent too long trying that.
You do realise you or anyone else for that matter do not need this forum to save a struggling brand or to launch a new business. As much as I like and appreciate it, the world is bigger than this forum. You should not be blaming the decline of betking.io on anything that was posted here. People asked legitimate questions, there were valid concerns.
You sometimes explained in passing but never explained with evidence where the $6.5+ million from the 2017 ICO actually went. If half was for the bankroll (and we saw no evidence of that),
where did the other $3.25+ million go? There was never an audit or publishing of accounts and you simply took it upon yourself you did not need to show evidence. You cannot blame anybody for refusing to accept your word.
Can you elaborate because if $2 million worth of tokens were outstanding and only $44,000 was recently refunded (or brought back in the sale), how do you intend to make all token holders whole again? Do you have $2 million worth of investment to pay all those funds back if token holders try to sell them back to you?
Of course I don't have $2mm to buy them right now, if I did or did have at any point in the past 4 years I would have already.
This is funds I am paying out of my own pocket from earnings elsewhere as I make them. Hence why it's "only" 44k refunded so far.
Keep in mind I don't need to do that, I have no legal obligation to do so, no investors were scammed. A lot of investors already made profit. Anyone who is refunded would actually make a profit due to the token price and ICO discounts. There's no other site operator who did an ICO that would do what I am doing.
I was unsure about source of the buyback of $44,000 worth of tokens therefore asked. I did not mean to belittle the amount involved, I used it as a comparator against the $2 million. If this is being funded by your income from other places/ventures, why are you doing it when the end goal seems to be closing down the website for good after all tokens are purchased back?
