BetKing.io - BKB token REFUNDS - $70k refunded so far

[JackpotRacer]

As for relaunch, I am now thinking of offering an API service for anyone who wants to launch their own casino that doesn't have the bankroll so they can set up their own sites and not have to worry about bankroll, security, payments, accounts etc.

sounds like Moneypot once did and sadly they pulled the rug   

could you please give more details how this will look like and the conditions between you and the one who will want to launch a casino.

cheers

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[BetKing.io]

As for relaunch, I am now thinking of offering an API service for anyone who wants to launch their own casino that doesn't have the bankroll so they can set up their own sites and not have to worry about bankroll, security, payments, accounts etc.

sounds like Moneypot once did and sadly they pulled the rug   

could you please give more details how this will look like and the conditions between you and the one who will want to launch a casino.

cheers

Yeah it's a similar concept. It's something I spoke of doing for a long time. The original PRC (former BK) was similar where people could be the house and open their own blackjack tables etc.

You know yourself that Moneypot was pretty limited. There's a lot that can be improved from lessons learned over the years.

Conditions won't be confirmed this early yet. But you know on MP the profit was split between casino operator, MP and bankroll investors.
We will likely do something similar. I don't know if we will do profit split based on EV/Wager or on actual NGR yet either.

This won't be launched until the new year but I will post some progress updates before it launches.
People are welcome to post feature requests here and I'll see if we can incorporate any of them.

[JackpotRacer]

As for relaunch, I am now thinking of offering an API service for anyone who wants to launch their own casino that doesn't have the bankroll so they can set up their own sites and not have to worry about bankroll, security, payments, accounts etc.

sounds like Moneypot once did and sadly they pulled the rug   

could you please give more details how this will look like and the conditions between you and the one who will want to launch a casino.

cheers

Yeah it's a similar concept. It's something I spoke of doing for a long time. The original PRC (former BK) was similar where people could be the house and open their own blackjack tables etc.

You know yourself that Moneypot was pretty limited. There's a lot that can be improved from lessons learned over the years.

Conditions won't be confirmed this early yet. But you know on MP the profit was split between casino operator, MP and bankroll investors.
We will likely do something similar. I don't know if we will do profit split based on EV/Wager or on actual NGR yet either.

This won't be launched until the new year but I will post some progress updates before it launches.
People are welcome to post feature requests here and I'll see if we can incorporate any of them.

thank you very much for explaining what you have in mind. I liked MP idea very much and I was not alone but I did not like their rug pull on some very good people.

with MP a casino owner/provider was legally seen as affiliate as far as I understood it. will it be same with you?

good luck and please keep us updated of any progress

[TwitchySeal]

It's true that you can't verify that payout amount and I can't just post blockchain tx id's because that is a violation of old investor privacy.

You could post the tx id from when you were "hacked".

You could also post how much money you owe investors.

[BetKing.io]

You could also post how much money you owe investors.

I don't owe anything. This was not a loan. I am not in debt to anyone. I do not need to pay anything back.
There are always risks when investing. BetKing is not the first business to lose money.

In fact overall, BetKing has made investors far more money that it's lost over the years (even some of the ICO losses were from profit investors gained pre ICO) and you and everyone from back then know that.

I am choosing to refund the remaining investors still in a loss out of my own pocket (which has totaled 6 figures so far) because that's the kind of person I am.
I don't like to have people lose money when backing me.

But, if interested, you could have read the 1st post in the thread or a few posts back where I gave the total:

"investors still held over $2 million worth of tokens that we we're trying to refund"
of $6 million raised in the ICO (do the math there and you will see over half of investors broke even or profited)

[TwitchySeal]

You could also post how much money you owe investors.

I don't owe anything. This was not a loan. I am not in debt to anyone. I do not need to pay anything back.
There are always risks when investing. BetKing is not the first business to lose money.

In fact overall, BetKing has made investors far more money that it's lost over the years (even some of the ICO losses were from profit investors gained pre ICO) and you and everyone from back then know that.

I am choosing to refund the remaining investors still in a loss out of my own pocket (which has totaled 6 figures so far) because that's the kind of person I am.
I don't like to have people lose money when backing me.

But, if interested, you could have read the 1st post in the thread or a few posts back where I gave the total:

"investors still held over $2 million worth of tokens that we we're trying to refund"
of $6 million raised in the ICO (do the math there and you will see over half of investors broke even or profited)

How much money did the investors lose when you were (allegedly) hacked.

[JollyGood]

You could post the tx id from when you were "hacked".

You could also post how much money you owe investors.

Unfortunately he has never posted verifiable information. I would like to engage with him in a polite manner and to be fair he has been cordial since his most recent return to this forum but when it comes to posting information that can be verified, he does not do that therefore we have only his word and we all know that simply is not enough to convince anyone.

You could also post how much money you owe investors.

I don't owe anything. This was not a loan. I am not in debt to anyone. I do not need to pay anything back.
There are always risks when investing. BetKing is not the first business to lose money.

In fact overall, BetKing has made investors far more money that it's lost over the years (even some of the ICO losses were from profit investors gained pre ICO) and you and everyone from back then know that.

I am choosing to refund the remaining investors still in a loss out of my own pocket (which has totaled 6 figures so far) because that's the kind of person I am.
I don't like to have people lose money when backing me.

But, if interested, you could have read the 1st post in the thread or a few posts back where I gave the total:

"investors still held over $2 million worth of tokens that we we're trying to refund"
of $6 million raised in the ICO (do the math there and you will see over half of investors broke even or profited)

Of the several problems with him, one is that he gets defensive. He engages and answers questions as long as there is no evidence to provide. When however there is a case where he is being asked to provide evidence he becomes petulant but would never actually provide evidence.

Remember the Christmas wager where 20+ BTC was never paid to winners?
Remember the Christmas giveaway where he claims he gave a way 1 BTC a day from 1st December to 31 December to charities?
Remember the 10,000,000,000 BKT tokens on EOS with BKB swaps?
What about the ICO where he miraculously he raised $6.5 million but not one penny was accounted for apart from some of the initial buybacks?

The reason for petulance on his part is because he does not have evidence. Where he would have it he would post it.

How much money did the investors lose when you were (allegedly) hacked.

He will not openly state the amount but there is evidence to suggest the publicly funded bankroll at the time of the alleged hack was just over 50 BTC (52) which was around $400,000 at the time in October 2019.

[BetKing.io]

..Remember the ICO Christmas giveaway where he claims he gave a way 1 BTC a day from 1st December to 31 December to charities?

Just to quickly correct, that was not ICO giveaway or anything to do with BetKing. That was my own money I gave away.
All the blockchain transactions were posted online and some of the charities even confirmed it publicly at the time.

[JollyGood]

..Remember the ICO Christmas giveaway where he claims he gave a way 1 BTC a day from 1st December to 31 December to charities?

Just to quickly correct, that was not ICO giveaway or anything to do with BetKing. That was my own money I gave away.

I edited the post to remove the "ICO" in the Christmas giveaway where you alleged to have given 1 BTC away every day until 25th December in 2017. You could have made another correction but you have lied so much that you forgot it.

Also, it was not your personal money it was money that was raised in the ICO for betking.io and to which you had no right to use as your personal cash cow.

All the blockchain transactions were posted online and some of the charities even confirmed it publicly at the time.

If the blockchain transactions were published can you provide a link? The only link you ever provided was to this thread: I'm donating 25 Bitcoin to good causes this Christmas. Join in and give Bitcoin

This was the only address you posted on Reddit and the sums do not add up to you sending 1 BTC a day for 25 days in December 2017:  I'm donating 25 Bitcoin to good causes this Christmas. Join in and give Bitcoin this Christmas (day 7)

Where exactly is the proof any address you operated sent 1 BTC every day between 1st December to 25th December 2017 to any address let alone a verifiable one belong to a charity?

[TwitchySeal]

Just to quickly correct

Feel free to quickly correct me to:

- People sent you money to invest in your business.

- You claimed that the money they sent to you as an investment was stolen (hacked) by someone that you hired to develop the project.

- No other explanation was given.  You won't say exactly how much was stolen, you won't say who stole it, where it went, specifically how it was stolen, what you did (or didn't do) to attempt to recover it and you also claim "I don't owe anything."


Ok, is that right?

Now for my opinion:

You're lying.  Not sure if you rolled the dice one too many times, got scammed using the money for something on the side, or if you're just a greedy fuck.  Your "oops, I've been hacked, sorry your money is gone, let's change the subject" routine smells fishier than a tuna convention.

Whenever crypto goes poof, it's a no brainer to side eye the person who was supposed to keep it safe. You're savvy enough to know you'd be suspect #1.

If a hacker really did hit you, I'd bet you'd be scrambling to prove your hands are clean. Instead, when it comes to the hack, you're quieter than a mime at a library, almost as if you're afraid to make up any details beyond your vague story because you know that's the only way it can be proven you're lying.  Makes you think, huh?

[BetKing.io]

Feel free to quickly correct me

You do realize that the bankroll funds are also being refunded along with the ICO funds yeah?
85% of the bankroll investors were also ICO token holders. All of them know what happened. All of them have been seeing refunds since.
Most of the money refunded from 2019 until recently was to the bankroll investors.

I don't owe you any details, you are not an investor in the ICO or of the bankroll after the ICO (didn't you make money on BetKing pre ICO?)

What do you believe my end goal is by trying to refund investors out of my own pocket?
Surely regardless of what you think of the site before now, investors getting their money back is a good thing no?
Almost no other ICO or hacked site would do that.

I'm only trying to do a good thing here and you and the other trolls shit on it as usual.
Obviously it's a total waste of time me posting or giving updates here at all.

I've posted enough here over the past few months that I wouldn't reach any other investors who haven't already contacted me anyway (way over 95% of the total funds are in contact) so there's no real point in continuing here.

Have fun.

[TwitchySeal]

Feel free to quickly correct me

You do realize that the bankroll funds are also being refunded along with the ICO funds yeah?
85% of the bankroll investors were also ICO token holders. All of them know what happened. All of them have been seeing refunds since.
Most of the money refunded from 2019 until recently was to the bankroll investors.

I don't owe you any details, you are not an investor in the ICO or of the bankroll after the ICO (didn't you make money on BetKing pre ICO?)

What do you believe my end goal is by trying to refund investors out of my own pocket?
Surely regardless of what you think of the site before now, investors getting their money back is a good thing no?
Almost no other ICO or hacked site would do that.

I'm only trying to do a good thing here and you and the other trolls shit on it as usual.
Obviously it's a total waste of time me posting or giving updates here at all.

I've posted enough here over the past few months that I wouldn't reach any other investors who haven't already contacted me anyway (way over 95% of the total funds are in contact) so there's no real point in continuing here.

Have fun.

Ok but it sure seems like you lied about being hacked.

Of course as long as you continue to refuse to go into detail about what happened it will be very difficult or impossible to prove that you're lying.  But the issue won't just go away and eventually be forgotten.  I promise.

If you did actually get hacked though, and you decide to explain what happened and provide enough information to independently verify enough of your story, I will apologize and make sure nobody is misled by my previous posts on the matter.

[JollyGood]

The point is you claim to be making contact with alleged investors over email and Telegram and have never provided the basic of verifiable information via blockchain to show you actually made payments to anybody.

Just by saying you don't owe non-investors an explanation you are missing the point. You claimed your hosted servers were hacked after the EOS tokens and you had 50 BTC stolen yet you never ever provided any blockchain evidence, nor did you explain why you moved the total bankroll from cold to hot wallet just in time for the alleged hack to take place.

If I had 50 BTC of investor funds and it got stolen, I would post the address that the stolen funds were sent to in order for anyone in the crypto sphere to find a link as to who the culprit might be and any victim would do that but you did not do that. You have never disclosed any information regarding the alleged hack. You never even provided evidence you moved the 50 BTC bankroll from the cold to hot wallet either, there is no evidence it happened because you never posted any address that could be verified. All we have is your word and that is basically worthless as you have lied far too many times therefore you claim you do not owe non-investors an explanation.

It is simply not good enough yet you keep showing up here from time to time each time saying you will not come back yet you again and again. Each time you claim to be refunding investors yet you provide zero proof.

You will not post any information that can be verified. You have scammed on so many occasions even you have lost count but in the end if you have blown millions of USD$ from the ICO (that was supposed to be used on improving the website and not a single new games was added) on personal expenditure and lost reputation in the process over it, would it be impossible to believe you would not scam again?

What was the bankroll cold wallet address where the 50 BTC were held?
What is the address of the 50 BTC bankroll that was allegedly hacked?
What was the address the alleged hacked 50 BTC bankroll was sent to?
What was the specific date the bankroll funds were stolen?
You did not inform any law enforcement agency when the alleged hack occurred but never explained why. Will you tell us why?

I don't owe you any details, you are not an investor in the ICO or of the bankroll after the ICO (didn't you make money on BetKing pre ICO?)

[JollyGood]

Is there any chance you can answer the questions I have asked in the previous post. I think they are fair questions and you really should not have any objections answering. I hope you do not ignore the post and also hope you do not state you will not answer because I was not an investor in the betking ICO.

[TwitchySeal]

Is there any chance you can answer the questions I have asked in the previous post. I think they are fair questions and you really should not have any objections answering. I hope you do not ignore the post and also hope you do not state you will not answer because I was not an investor in the betking ICO.

I think he's worried about being caught lying.  And telling the truth would have the same result.  Only option is to deflect and, if that doesn't work, ignore.

[shield132]

To be honest, I don't understand your real motives. What will happen once you refund all BKB token holders? Will you sell domain and software? Leave the forum? Relaunch betking.io? Or do you plan to relaunch it? There is a casino called betcoin that was full of negative trust but that changed because they changed their behaviour. Do you think that you can wash away negative trust with your attitude and successfully relaunch betking.io? I'm just curious because once upon a time this casino was very successful.

[JollyGood]

I think he's worried about being caught lying.  And telling the truth would have the same result.  Only option is to deflect and, if that doesn't work, ignore.

He has never provided one shred of evidence that he donated 1 BTC to charities every day from 1st December to 25th December 2017 yet stands by the claim.

He never provided any evidence where the c.$4 million of the ICO was spent, that was supposed to be used for improving the website. He never provided any proof of legitimate or illegitimate spending.

He shows here, answers a few questions he is comfortable with and then avoids answering anything that can actually prove he is telling the truth. He never once

He seems to have created a world of his own where the universe revolves around betking and he is at the heart of it. To some degree, I am beginning to feel a little bit sorry for him because he clearly is not well. If the rumours are true and he spend $millions from the ICO on lavish spending and lost the rest on gambling, it cannot be easy for him to accept his failing and think every day "what if I had done it differently" .

To be honest, I don't understand your real motives. What will happen once you refund all BKB token holders? Will you sell domain and software? Leave the forum? Relaunch betking.io? Or do you plan to relaunch it? There is a casino called betcoin that was full of negative trust but that changed because they changed their behaviour. Do you think that you can wash away negative trust with your attitude and successfully relaunch betking.io? I'm just curious because once upon a time this casino was very successful.

It sounds as though he is trying gauge the public opinion and appetite for investment therefore he keeps posting here from time to time just to state he is refunding victims and yet still says he will not launch the website for new customers though he might sell it or licence the brand. He seems uncertain how to maximise a brand he still believes can make him money and I think the negative tags will probably never be removed.

No matter what he does, the so-called heydays of betking are over and he will never be able to capture those pre-ICO highs again. Nobody will ever give him 6000 BTC for the bankroll and when he starts scamming winners of his Christmas wagers and the 50 BTC bankroll by blaming it on a hack that never happened, it means he is clutching at straws if he really believes he will make money from betking again.

[shield132]

To be honest, I don't understand your real motives. What will happen once you refund all BKB token holders? Will you sell domain and software? Leave the forum? Relaunch betking.io? Or do you plan to relaunch it? There is a casino called betcoin that was full of negative trust but that changed because they changed their behaviour. Do you think that you can wash away negative trust with your attitude and successfully relaunch betking.io? I'm just curious because once upon a time this casino was very successful.

It sounds as though he is trying gauge the public opinion and appetite for investment therefore he keeps posting here from time to time just to state he is refunding victims and yet still says he will not launch the website for new customers though he might sell it or licence the brand. He seems uncertain how to maximise a brand he still believes can make him money and I think the negative tags will probably never be removed.

No matter what he does, the so-called heydays of betking are over and he will never be able to capture those pre-ICO highs again. Nobody will ever give him 6000 BTC for the bankroll and when he starts scamming winners of his Christmas wagers and the 50 BTC bankroll by blaming it on a hack that never happened, it means he is clutching at straws if he really believes he will make money from betking again.

Domain name BetKing.io is good but who is going to buy this domain that has such a bad reputation? When someone types betking.io in google, there won't be good search results. Any buyer of this domain or brand at first has to remove old bad reputation which is a huge headache and then has to build damaged reputation from scratch, double work, it's better to start from scratch compared to start from negative.
His software must be outdated because betking never was on the level of Stake.com, FortuneJack and Bitsler and I have believe it was more likely project ran by one man or a very small team that didn't have UI/UX designers, researchers and other necessary backend staff.

If I were him, I would give up on this project. Yes, domain is great but not as great as stake.com - No one will pay millions in betking. It's done to my mind. It had a very good start but very sad ending.

[JollyGood]

No matter what he does, he cannot compete with websites such as Stake, Primedice, Bustadice, Bustabit, Fortunejack, Duelbits and many others. In what cannot be denied, betking did have that moment in time when it was reputable and trusted and held 6000 BTC in the bankroll which was returned because the owner decided he could make more money in an ICO.

Yes he put c.$4 million raised from the ICO that raised c.$6.5 million in his own pocket to use as his personal cash but in the process he has destroyed his personal reputation as well as the brand name of betking too. I doubt the domain name would have any real re-sale value.

Domain name BetKing.io is good but who is going to buy this domain that has such a bad reputation? When someone types betking.io in google, there won't be good search results. Any buyer of this domain or brand at first has to remove old bad reputation which is a huge headache and then has to build damaged reputation from scratch, double work, it's better to start from scratch compared to start from negative.
His software must be outdated because betking never was on the level of Stake.com, FortuneJack and Bitsler and I have believe it was more likely project ran by one man or a very small team that didn't have UI/UX designers, researchers and other necessary backend staff.

If I were him, I would give up on this project. Yes, domain is great but not as great as stake.com - No one will pay millions in betking. It's done to my mind. It had a very good start but very sad ending.

[coin-investor]

To be honest, I don't understand your real motives. What will happen once you refund all BKB token holders? Will you sell domain and software? Leave the forum? Relaunch betking.io? Or do you plan to relaunch it? There is a casino called betcoin that was full of negative trust but that changed because they changed their behaviour. Do you think that you can wash away negative trust with your attitude and successfully relaunch betking.io? I'm just curious because once upon a time this casino was very successful.

There will be no taker, the domain is messed up even if there's a new owner the bad feedback will haunt the new owner, it's a bad business decision to take up a domain that is associated with the scam, maybe it's their conscience they already made a lot of money from a business where they used the money they scammed so they are giving back the money but talking about relaunching the casinos is out of the question.

If they have a plan to relaunch they will have a hard time taking off, they should start from scratch because they are already knowledgeable about casino operations.
Some casino can change their ways to recover and build their reputation but there's always an exception to that and Betking is an exception.