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Author Topic: BetKing.io - BKB token REFUNDS - $70k refunded so far  (Read 27383 times)
chazley
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July 22, 2018, 11:27:21 AM
 #901

If money was spent, what's to show for it? Anything done by outside people or did you basically raise several million dollars worth of Bitcoin to pay yourself to buy Cubeia poker software for a few hundred bucks and develop a roulette game and license a sportsbetting option? Where is all the marketing? Where's the advisors?
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BetKing.io (OP)
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July 22, 2018, 11:31:10 AM
 #902

If money was spent, what's to show for it? Anything done by outside people or did you basically raise several million dollars worth of Bitcoin to pay yourself to buy Cubeia poker software for a few hundred bucks and develop a roulette game? Where is all the marketing? Where's the advisors?

You're embarrassing yourself now.
You have no clue what things cost and make terrible assumptions. Not got work to do on Grindabit instead of moaning in here?
chazley
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July 22, 2018, 11:36:41 AM
 #903

I've heard Cubeia poker software costs ~$500. Could be wrong, even way off. Even if it was $10000 though (it's not) that's a tiny, tiny fraction of what you raised.

Go ahead and focus on semantics to distract from my overall point though. And yes, I do keep up with this because I invested time into trying to stop people from investing in this ICO from the beginning because I knew better. The fact the site is basically abandoned and people lost very large sums of money in the process really sucks for those people. You try to justify it by going on about the USD token value when it's just completely absurd and disingenuous. Then again, you've gotta be able to sleep at night after taking all their crypto so I understand it.

Sorry to all those who invested out there.
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July 22, 2018, 11:44:00 AM
 #904

I've heard Cubeia poker software costs ~$500. Could be wrong, even way off. Even if it was $10000 though (it's not) that's a tiny, tiny fraction of what you raised.

Go ahead and focus on semantics to distract from my overall point though. And yes, I do keep up with this because I invested time into trying to stop people from investing in this ICO from the beginning because I knew better. The fact the site is basically abandoned and people lost very large sums of money in the process really sucks for those people. You try to justify it by going on about the USD token value when it's just completely absurd and disingenuous. Then again, you've gotta be able to sleep at night after taking all their crypto so I understand it.

Sorry to all those who invested out there.

Yeah you are dead wrong. Phone them up and ask how much it is to setup and pay every month.

Also, you obviously didn't notice but BetKing has made as much profit or more than most other dice sites in tha past 9 months. Hardly abandoned.
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July 22, 2018, 12:41:39 PM
 #905

I've heard Cubeia poker software costs ~$500. Could be wrong, even way off. Even if it was $10000 though (it's not) that's a tiny, tiny fraction of what you raised.

Go ahead and focus on semantics to distract from my overall point though. And yes, I do keep up with this because I invested time into trying to stop people from investing in this ICO from the beginning because I knew better. The fact the site is basically abandoned and people lost very large sums of money in the process really sucks for those people. You try to justify it by going on about the USD token value when it's just completely absurd and disingenuous. Then again, you've gotta be able to sleep at night after taking all their crypto so I understand it.

Sorry to all those who invested out there.

I remember recently asking Dean about the licencing of software and why an ICO was needed for that but he said the gaming was custom coded and needed paying for. He also said that it was just some sporting event part that he was licencing (I think).

I am confused.

By the way what was the total raised in US$ in the ICO?

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chazley
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July 23, 2018, 12:17:05 AM
 #906

I've heard Cubeia poker software costs ~$500. Could be wrong, even way off. Even if it was $10000 though (it's not) that's a tiny, tiny fraction of what you raised.

Go ahead and focus on semantics to distract from my overall point though. And yes, I do keep up with this because I invested time into trying to stop people from investing in this ICO from the beginning because I knew better. The fact the site is basically abandoned and people lost very large sums of money in the process really sucks for those people. You try to justify it by going on about the USD token value when it's just completely absurd and disingenuous. Then again, you've gotta be able to sleep at night after taking all their crypto so I understand it.

Sorry to all those who invested out there.

I remember recently asking Dean about the licencing of software and why an ICO was needed for that but he said the gaming was custom coded and needed paying for. He also said that it was just some sporting event part that he was licencing (I think).

I am confused.

By the way what was the total raised in US$ in the ICO?

Yea... he misled everybody. The ICO was a horrible deal for people who were investing in the bankroll with Bitcoin compared to buying tokens which essentially was just a huge money grab for Dean.

Dean had tried twice, unsuccessfully, to sell Betking prior to the ICO. He had already checked out mentally and was looking to cash out. He got his big payday, in the process screwing over investors. He never really cared about that though. People made a choice to invest, that is on them. There is no law against taking advantage of stupid people.

He raised several million dollars worth (today's value) of Bitcoin during the ICO.
chazley
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July 23, 2018, 12:19:03 AM
 #907

I've heard Cubeia poker software costs ~$500. Could be wrong, even way off. Even if it was $10000 though (it's not) that's a tiny, tiny fraction of what you raised.

Go ahead and focus on semantics to distract from my overall point though. And yes, I do keep up with this because I invested time into trying to stop people from investing in this ICO from the beginning because I knew better. The fact the site is basically abandoned and people lost very large sums of money in the process really sucks for those people. You try to justify it by going on about the USD token value when it's just completely absurd and disingenuous. Then again, you've gotta be able to sleep at night after taking all their crypto so I understand it.

Sorry to all those who invested out there.

Yeah you are dead wrong. Phone them up and ask how much it is to setup and pay every month.

Also, you obviously didn't notice but BetKing has made as much profit or more than most other dice sites in tha past 9 months. Hardly abandoned.

You're missing the point (intentionally of course). Why was an ICO required for you to buy some cheap, licensed HTML5 poker software that really brings very little value to the site anyway? I highly doubt the games ever run on Betking.
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July 23, 2018, 10:13:49 AM
 #908


You're missing the point (intentionally of course). Why was an ICO required for you to buy some cheap, licensed HTML5 poker software that really brings very little value to the site anyway? I highly doubt the games ever run on Betking.

Now this is what I thought was happening but was told that they site was custom coded with custom coded specially deveopled software. So all the software on the Betking website is licenced? If that is true then why indeed was there an ICO especially if her tried to sell the site in the past.

Also if this was the second incarnation of the Betking website why was the first one closed down? Why did Dean have to come back and raise money for an ICO if the website was his and there was no need for an ICO?

I think he said he needed an ICO for bankroll tokens  but what percentage of the ICO was used for bankroll tokens? If 90% of the ICO went towards the bankroll then I suppose it was clearly must have been stated in the whitepaper so it is all fine but if say 5% of the ICO went to the bankroll and 80% went on "development" which was a backdoor for Dean getting the funds on alraedy developed website then that is very bad.

Please clarify how much exactly was raised in the ICO.

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July 23, 2018, 12:48:13 PM
 #909

Past few days we've seen a highroller win over 8 Bitcoin on BetKing.io

He's betting on 5x payout and ran pretty good Smiley

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July 24, 2018, 08:36:03 AM
 #910

We now have a Chinese language version of the site, https://betking.io/zh
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July 24, 2018, 08:59:45 AM
 #911


You're missing the point (intentionally of course). Why was an ICO required for you to buy some cheap, licensed HTML5 poker software that really brings very little value to the site anyway? I highly doubt the games ever run on Betking.

Now this is what I thought was happening but was told that they site was custom coded with custom coded specially deveopled software. So all the software on the Betking website is licenced? If that is true then why indeed was there an ICO especially if her tried to sell the site in the past.

Also if this was the second incarnation of the Betking website why was the first one closed down? Why did Dean have to come back and raise money for an ICO if the website was his and there was no need for an ICO?

I think he said he needed an ICO for bankroll tokens  but what percentage of the ICO was used for bankroll tokens? If 90% of the ICO went towards the bankroll then I suppose it was clearly must have been stated in the whitepaper so it is all fine but if say 5% of the ICO went to the bankroll and 80% went on "development" which was a backdoor for Dean getting the funds on alraedy developed website then that is very bad.

Please clarify how much exactly was raised in the ICO.

@chazley

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July 24, 2018, 09:32:47 AM
 #912


@chazley

Go pm each other. He's not got a clue about anything and you refuse to listen to actual site owner. Wasting your time.

I won't respond to either of your posts from now.
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July 24, 2018, 01:08:56 PM
 #913

I think he said he needed an ICO for bankroll tokens  but what percentage of the ICO was used for bankroll tokens? If 90% of the ICO went towards the bankroll then I suppose it was clearly must have been stated in the whitepaper so it is all fine but if say 5% of the ICO went to the bankroll and 80% went on "development" which was a backdoor for Dean getting the funds on alraedy developed website then that is very bad.
Your suggestion that only 5% of the collected money went to the bankroll is absolute nonsense! Roll Eyes

Let us assume ICO collected $ 1 million and 5% = $50,000 went to the bankroll and 95% = $950,000 to the development. Can you see the nonsense of your suggestion?

Usually around 80 -90% of the money collected goes to the bankroll and rest to development / other expenses.
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July 24, 2018, 02:50:13 PM
 #914

I think he said he needed an ICO for bankroll tokens  but what percentage of the ICO was used for bankroll tokens? If 90% of the ICO went towards the bankroll then I suppose it was clearly must have been stated in the whitepaper so it is all fine but if say 5% of the ICO went to the bankroll and 80% went on "development" which was a backdoor for Dean getting the funds on alraedy developed website then that is very bad.
Your suggestion that only 5% of the collected money went to the bankroll is absolute nonsense! Roll Eyes

Let us assume ICO collected $ 1 million and 5% = $50,000 went to the bankroll and 95% = $950,000 to the development. Can you see the nonsense of your suggestion?

Usually around 80 -90% of the money collected goes to the bankroll and rest to development / other expenses.

Those were examples. Maybe 50% went to bankroll tokens, maybe 75% went there I do not know. I was asking for clarification.

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July 25, 2018, 12:05:06 AM
 #915

I think he said he needed an ICO for bankroll tokens  but what percentage of the ICO was used for bankroll tokens? If 90% of the ICO went towards the bankroll then I suppose it was clearly must have been stated in the whitepaper so it is all fine but if say 5% of the ICO went to the bankroll and 80% went on "development" which was a backdoor for Dean getting the funds on alraedy developed website then that is very bad.
Your suggestion that only 5% of the collected money went to the bankroll is absolute nonsense! Roll Eyes

Let us assume ICO collected $ 1 million and 5% = $50,000 went to the bankroll and 95% = $950,000 to the development. Can you see the nonsense of your suggestion?

Usually around 80 -90% of the money collected goes to the bankroll and rest to development / other expenses.

Those were examples. Maybe 50% went to bankroll tokens, maybe 75% went there I do not know. I was asking for clarification.
You posted nonsense with your 5% example!

You are obviously clueless about casino operations and calculations.
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July 25, 2018, 03:16:31 AM
 #916

What happened to your Cubeia Poker?
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July 25, 2018, 04:39:08 AM
 #917

What happened to your Cubeia Poker?

I think no one ways playing Poker.

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July 25, 2018, 08:46:08 AM
 #918

Now this is what I thought was happening but was told that they site was custom coded with custom coded specially deveopled software. So all the software on the Betking website is licenced? If that is true then why indeed was there an ICO especially if her tried to sell the site in the past.

Also if this was the second incarnation of the Betking website why was the first one closed down? Why did Dean have to come back and raise money for an ICO if the website was his and there was no need for an ICO?

I think he said he needed an ICO for bankroll tokens  but what percentage of the ICO was used for bankroll tokens? If 90% of the ICO went towards the bankroll then I suppose it was clearly must have been stated in the whitepaper so it is all fine but if say 5% of the ICO went to the bankroll and 80% went on "development" which was a backdoor for Dean getting the funds on alraedy developed website then that is very bad.

Please clarify how much exactly was raised in the ICO.

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July 25, 2018, 12:09:23 PM
 #919

Now this is what I thought was happening but was told that they site was custom coded with custom coded specially deveopled software. So all the software on the Betking website is licenced? If that is true then why indeed was there an ICO especially if her tried to sell the site in the past.
To who do you have to pay a license fee if you have your own custom coded specially developed software?
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July 25, 2018, 12:16:01 PM
 #920

I've heard Cubeia poker software costs ~$500. Could be wrong, even way off. Even if it was $10000 though (it's not) that's a tiny, tiny fraction of what you raised.

Go ahead and focus on semantics to distract from my overall point though. And yes, I do keep up with this because I invested time into trying to stop people from investing in this ICO from the beginning because I knew better. The fact the site is basically abandoned and people lost very large sums of money in the process really sucks for those people. You try to justify it by going on about the USD token value when it's just completely absurd and disingenuous. Then again, you've gotta be able to sleep at night after taking all their crypto so I understand it.

Sorry to all those who invested out there.

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chazley seems to know what he is talking about

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