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Author Topic: Betcoin fraud... This is just getting ridiculous  (Read 11229 times)
SatoshiDICE_PR
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September 25, 2013, 10:26:09 PM
 #1

People have been posting the last couple days about Betcoin and their scummy, fraudulent behavior.

Reference:
https://bitcointalk.org/index.php?topic=297110.0
https://bitcointalk.org/index.php?topic=297078.0

And now we have this gem: http://www.digitaljournal.com/pr/1489274

This is just getting ridiculous... Come on Betcoin, only two days after we reveal that you ripped our verbatim Terms and Conditions from SatoshiDICE (not to mention stole all the other copy as well) and are proven to be faking bets on your own site and likely DDoSing your competitors, you pay for a press release titled, "Shift to Ethical Bitcoin Gaming - BetCoin ™ Leads the Charge Towards Responsible Gambling Adoption by Bitcoin Casinos"

The best part...
Quote
A recent phone conversation with Emily Flitter of Reuters confirmed that BetCoin ™ Dice and BetCoin ™ Circle are both working very hard to ensure full compliance to their terms and conditions, and the relevant legal regulations, and to guide their customers in the direction of responsible gaming, as BetCoin ™ aims to help educate its players as well as entertain them. A senior spokesman responded to Emily's concerns, "Some other bitcoin gambling sites unfortunately do not have terms and conditions

Betcoin copy and pasted SatoshiDICE's T&C's as their own, and then puts out that press release?  Cheesy  Betcoin's T&C's: http://imgur.com/32cMiHl  (see the exact same at SatoshiDice, plus most of the site copy)

Quote
BetCoin ™ is further securing their place at the top of the bitcoin online casino market, all the while continuing to promote responsible gaming and bitcoin education in general.

This is amazing  Tongue


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bit777
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September 25, 2013, 10:32:35 PM
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Quite ridiculous. Hard to top these guys in terms of false claims, I give them that.  Roll Eyes
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September 26, 2013, 09:11:32 PM
 #3

Lololo Betcoin. Business is sometimes so funny.

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September 27, 2013, 03:18:37 AM
 #4

People have been posting the last couple days about Betcoin and their scummy, fraudulent behavior.

Reference:
https://bitcointalk.org/index.php?topic=297110.0
https://bitcointalk.org/index.php?topic=297078.0

And now we have this gem: http://www.digitaljournal.com/pr/1489274

This is just getting ridiculous... Come on Betcoin, only two days after we reveal that you ripped our verbatim Terms and Conditions from SatoshiDICE (not to mention stole all the other copy as well) and are proven to be faking bets on your own site and likely DDoSing your competitors, you pay for a press release titled, "Shift to Ethical Bitcoin Gaming - BetCoin ™ Leads the Charge Towards Responsible Gambling Adoption by Bitcoin Casinos"

The best part...
Quote
A recent phone conversation with Emily Flitter of Reuters confirmed that BetCoin ™ Dice and BetCoin ™ Circle are both working very hard to ensure full compliance to their terms and conditions, and the relevant legal regulations, and to guide their customers in the direction of responsible gaming, as BetCoin ™ aims to help educate its players as well as entertain them. A senior spokesman responded to Emily's concerns, "Some other bitcoin gambling sites unfortunately do not have terms and conditions

Betcoin copy and pasted SatoshiDICE's T&C's as their own, and then puts out that press release?  Cheesy  Betcoin's T&C's: http://imgur.com/32cMiHl  (see the exact same at SatoshiDice, plus most of the site copy)

Quote
BetCoin ™ is further securing their place at the top of the bitcoin online casino market, all the while continuing to promote responsible gaming and bitcoin education in general.

This is amazing  Tongue


The funny thing is they don't even own the trademark Betcoin and I think the actual owner are taking legal actions.
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September 27, 2013, 05:34:14 AM
 #5

I'm pretty sure they found out about Bitcoin about 2 weeks before they released. You can tell they have no idea how the community around here works etc.

So bad
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September 27, 2013, 04:16:21 PM
 #6

Do they even try?

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September 27, 2013, 04:32:37 PM
 #7

Why would I trust a vice dealer in the first place? Gambling games are not "games", they are systems to transfer your money to the house.

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September 28, 2013, 01:19:16 AM
 #8

Why would I trust a vice dealer in the first place? Gambling games are not "games", they are systems to transfer your money to the house.

haha, good one.
It should be pretty embarrassing to them though!
Like, they copied EVERYTHING off SD.

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September 28, 2013, 04:54:53 AM
 #9

Well it's pretty horrible, you won't find any provably fair there.

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September 28, 2013, 10:04:38 AM
 #10

Lololo Betcoin. Business is sometimes so funny.

just because of this too much speculations around here and suddenly too much up and downs but hope its stable soon

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December 06, 2013, 06:07:56 AM
 #11

Fraud indeed and I have screenshots to show you all... I see they have advertisements on this forum. Can we petition that they be removed? I know they paid for space, but I don't feel that this community should embrace a known scam site.

Someone please advise how to upload photos to post.


clicksmoney
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December 06, 2013, 08:10:38 AM
 #12

Someone please advise how to upload photos to post.

Upload to imgur and post the url - I sort of dislike inline photos, will click if explained as relevant.

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December 06, 2013, 01:20:38 PM
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Fraud indeed and I have screenshots to show you all... I see they have advertisements on this forum. Can we petition that they be removed? I know they paid for space, but I don't feel that this community should embrace a known scam site.

Someone please advise how to upload photos to post.

1. Go to http://imgur.com/ and upload the image
2. Copy paste the "forum BBCode" from the sidebar on imgur to the forum and make a post.
Lucky Cris
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December 06, 2013, 10:41:49 PM
 #14

Making good on my promise.

I have dozens of pics, but I choose this one to post first to hopefully spark a little interest in this thread.

Background info on this game:
During this game play, it was just myself and another Alias spinning the wheel. But it wasn't until after I lost an excessive amount of coins and exited the game, that I realized the Alias I was losing spin to was out-spinning me! I'm no techie but maybe some of you might have an explanation of how this is possible.

Do you see what's wrong with this picture?



Oh, I suppose I should mention that the 2x spinner joined the game so the spin master Alias wouldn't have to be alone. I'd also like to mention this player (although never spins anything more than what it's spinning), just happens to be a Diamond player and have won 50 and 30BTC in the last two monthly drawings. Enough about that, monthly drawings will be another post.

What's wrong with the picture: Their bot spins several times per second.

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December 07, 2013, 01:58:16 PM
 #15

I've noticed that their lottery have a one user that always buys 1,000 tickets outright, even if he's the only player. That is irrational as that would mean negative profits even if he wins them all, due to house edge.

I suspect that it's actually a 'house bet' and that they are circumvening provably fair with these scummy bets.
Lucky Cris
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December 11, 2013, 06:53:29 AM
 #16

Priceless:


vual
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December 11, 2013, 11:52:50 PM
 #17

Priceless:


Yep, it brought me here....
Priceless, but keep in mind, all marketing is good, even if its bad marketing.
What is the go with there provably fair algo's ? Dont they check out ?
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December 12, 2013, 10:23:16 AM
 #18

Priceless:


Yep, it brought me here....
Priceless, but keep in mind, all marketing is good, even if its bad marketing.
What is the go with there provably fair algo's ? Dont they check out ?

It's provably fair still, but it's suspected that they're placing bets themselves, sometimes thousands of entries, so that they have more of an edge. At least that's what I deduced from this thread so far.

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December 12, 2013, 09:07:29 PM
 #19

Anyone can recommend a (i guess a lawyer) for writting terms and conditions for me?

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December 13, 2013, 02:19:17 AM
 #20

They are getting further downgraded this week.. This company has turned into a headache and extremely disappointed especially with the new management in place to fix past disputes we have on file. They however seem to be interested in more advertising opportunities.

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