BETKING: 500 BTC, 2250 ETH & 425 LTC Bankroll Lies

[JollyGood]

Now another possible scam regarding Dean Nolan and Betking has come to light.

In the whitepaper he clearly stated 50% of the Betking ICO funds (raised in September 2017) were to be used directly for bankroll, that means at least:

500 BTC
2250 ETH
425 LTC

Does anybody have any proof to show those claims made in the whitepaper were followed through with?

Does anybody remember any games offering the 50 BTC Jackpot? Does anybody remember any games at all where those 50% bankroll figures can be associated over this near one year period the site has been active since the end of the ICO?

Does anybody think adding plugin affiliate games into an average looking website constitutes "development" of the website where the whitepaper stated money from the ICO would be used on "development" but it was just that the site was already complete, there was no real need for "development".

The official Betking thread was locked by Dean Nolan after people began questions about the way he is not accounting for where the money is, how it was spent and why the investors lost out while he became an overnight millionaire. https://bitcointalk.org/index.php?topic=2150057.0

So were 50% of the ICO funds (over $3.25 million at the time the ICO closed) used in the bankroll? People are saying it was a scam for Dean Nolan to become a millionaire overnight while duping the investors. My opinion does not rally matter in this but people are calling Dean Nolan and his Betking website scam and scammer.

I suppose that will remain until he publishes audits but the allegation people make is he will not do it because it will show him to be a scammer. At the very least he could make those full accounts available to the investors if not to the open public but he has locked the Betking thread and refusing to answer simple questions so I guess that is why people say Dean Nolan is a scammer.

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[SyGambler]

me personally I thought that Betking will use the funds raised to develop their own games from the scratches , like at least building a poker software by the devs they hired cause yeah being affiliated with live dealers providers doesn't need money raised since the site takes no risk at all

but you have created enough threads and there is no need to create more threads , I do agree with some of your points but I don't fully agree with all what you post
in general the money was already collected , harming betking will just cause the investors to lose more and more

[Dice-Bet]

I have seen this stuff posted everywhere - did you get burnt by the ICO?

When I re-read the ICO it has basically been followed exactly as promised. It is a shame that it hasn't done as well as it has in the past in terms of volume but there has definitely been no fraud you speak of.

When I look at it compared to the ICO BitDice did, investors are doing a lot better and there has been significant develop of games being added...

[JollyGood]

me personally I thought that Betking will use the funds raised to develop their own games from the scratches , like at least building a poker software by the devs they hired cause yeah being affiliated with live dealers providers doesn't need money raised since the site takes no risk at all

but you have created enough threads and there is no need to create more threads , I do agree with some of your points but I don't fully agree with all what you post
in general the money was already collected , harming betking will just cause the investors to lose more and more

Many people share your views.

As no "games" were developed why did Dean Nolan have in ICO?

It took a whole year from September 2017 to August 2018 for him to arrange plugged in affiliate games with a company such as Livetable and he only did that after several of us began asking questions about where the ICO funds currently are and where the funds were spent if not on development.

1) 30 million Betking tokens were to be used for development and promotion. Where is the development?

2) 50% of the ICO funds were to be used for the bankroll. The ICO raised over 1000 BTC, over 4500 ETH and over 850 LTC so where is the bankroll?

I see no evidence that those amounts of crypto were ever used for the bankroll or will ever be used for the bankroll. Dean Nolan has been conducting himself with too much secrecy so to save his reputation he should be open about the facts related to the expenditure of investors funds.

[Betwrong]

me personally I thought that Betking will use the funds raised to develop their own games from the scratches , like at least building a poker software by the devs they hired cause yeah being affiliated with live dealers providers doesn't need money raised since the site takes no risk at all

but you have created enough threads and there is no need to create more threads , I do agree with some of your points but I don't fully agree with all what you post
in general the money was already collected , harming betking will just cause the investors to lose more and more

I agree with your last sentence. Besides, my personal impression on Betking is a positive one. I had registered there several months ago, participated in a free to enter poker tournament, won over $20 and withdrew it without any strings attached. Although they don't run poker tournaments anymore (or yet?) I still play Roulette and Dice on this site from time to time and I enjoy it. I think they are honest people and they will sort out all their problems eventually, to the joy of their investors.

[JollyGood]

I have seen this stuff posted everywhere - did you get burnt by the ICO?

When I re-read the ICO it has basically been followed exactly as promised. It is a shame that it hasn't done as well as it has in the past in terms of volume but there has definitely been no fraud you speak of.

When I look at it compared to the ICO BitDice did, investors are doing a lot better and there has been significant develop of games being added...

No, I advised investors to stay away from the ICO.

How can you say the whitepaper guide was followed through when there is no accountability on part of Dean Nolan to publish anything?

Just take his word for it? No thank you I prefer to take caution because I do not trust Dean Nolan or his Betking website.

[JollyGood]

I agree with your last sentence. Besides, my personal impression on Betking is a positive one. I had registered there several months ago, participated in a free to enter poker tournament, won over $20 and withdrew it without any strings attached. Although they don't run poker tournaments anymore (or yet?) I still play Roulette and Dice on this site from time to time and I enjoy it. I think they are honest people and they will sort out all their problems eventually, to the joy of their investors.

I am so glad you had a positive experience, all $20 worth of it.

So keeping $20 worth of your wonderful experience aside, was there ever a bankroll worth at least 500 BTC, 2250 ETH and 425 LTC?

The 2017 ICO whitepaper stated 50% of ICO funds will go to the bankroll, all available evidence suggests that never happened.

Since Dean Nolan (the owner and operator of Betking) has locked the Betking thread and tried to silence those that are asking questions about whether this whole ICO was designed to make him wealthy at the expense of innocent gullible investors and the fact he does not present any evidence to show how the investors money has been spent, leads many to conclude the bankroll of 500 BTC, 2250 ETH and 425 LTC was a myth. So where is the money? Dean Nolan did not return it to the investors so who pocked the money? There is no wallet address provided where investors can see how much of the investors crypto remains.

People that feel duped in to investing are saying that Betking and Dean Nolan are scam and scammer. My personal opinions do not matter but it is what investors are saying.

You can celebrate your good experience worth $20 in winnings all the while investors that have seen their investment turn in to useless and worthless Betking tokens are ruing the day they invested in Betking.

[juzam1337]

Max win for dice at betking is 10 BTC right now, most casinos have the max win at 0.5-1% of the effective bankroll.
I don't know how much the bankroll is, but the max win is certainly not too low.

[JollyGood]

Max win for dice at betking is 10 BTC right now, most casinos have the max win at 0.5-1% of the effective bankroll.
I don't know how much the bankroll is, but the max win is certainly not too low.

Thank you for the reply. There was once upon a time a 50 BTC dice Jackpot that seems was never won because after the "hype" of a 2017 post-ICO. As the poster in the link suggests:
"1 in 10 billion chance of happening.  And betting 1,000 sats" https://bitcointalk.org/index.php?topic=4873939.msg44051581#msg44051581

Yes there seems to be a 10 BTC Jackpot for now but the link explains why Dean Nolan and Betking cannot be trusted. He seems to have become a millionaire thanks to the ICO while there is no evidence to show he ever fulfilled the requirements of the ICO: https://www.reddit.com/r/Bitcoin/comments/5gfdxk/betking_trying_to_censor_questions_about_ico/

[JollyGood]

I got this PM a few minutes ago from Dean Nolan using his new Betking Support username:

"Are you an idiot?

Who is paying you? I mean if you are not being paid you might want to get mental help because that's a lot of time spent in 2 months that you could have maybe spent on looking for a job.

Why would I answer your questions in this thread: https://bitcointalk.org/index.php?topic=4751127.msg45805870#msg45805870
when all your questions are loaded with lies and complete misinformation? Even though I answered everything already, you just chose to ignore it.

The funny part is is you are not an investor, none of the people in your thread are, none of them are even players.

Notice when you say my new thread doesn't have much going on?
Why do you think that is?
It's because there are NO unhappy investors wondering what is going on with the BetKing ICO because they all knew what they were investing in and are in my PRIVATE telegram group which is only for investors, not trolls like you.

Oh, remember to post this on the forums too."

I would never send a PM back but I would like to post a message that I posted several times to him:

@Dean Nolan (Betking)

There is a list of questions for you to answer, would you please be kind enough to answer them?

If yes, please do not post URLs to previous posts. Just simple questions will be put forward and we hope simple answers will be given for all to see. That way several things can be cleared up and clarified.

If no, then kindly explain why you declined to answer simple questions regarding Betking Tokens, Betking ICO and Betking in general.

Would you please consider it?

[JollyGood]

Will you reply Dean Nolan? Still waiting for you to be open and transparent.

[game-protect]

Here is the meeting point for all scammed investors and affiliates:

https://game-protect.com/betking-scam/

The more this link will be spread, the higher it will rank on google and the more victims of the BetKing scam fantasy token ICO will find it.

Game Protect has sufficient info and documents to enforce the not awarded value increasement of your investment.

The interesting point will be when Dean Nolan's separate fantasy dream world will meet the real world!

[slaman29]

I normally don't respond to game protect but I did click the link and read. My short thoughts, objective because I don't use BetKing.

1. The formula published from whitepaper is clear, that the valuation of tokens is ICO price. Arguing that value of tokens increase so people should get more means, if the value of tokens go down, should people get less? So there is no discrepancy in my mind about the formula.

2. There is no evidence of how much was spent. So yes, this is not transparent (maybe it is I don't know) but where is your proof?

3. Any casino can change their affiliate program as they wish. Did they withold payment from you for original? Sign up again, what is the problem?

[game-protect]

1. The formula published from whitepaper is clear, that the valuation of tokens is ICO price. Arguing that value of tokens increase so people should get more means, if the value of tokens go down, should people get less?

Yes, according to the formula if the value of the invested crypto currencies would have gone down, then the value of the BKB fantasy token would have gone down as well

The token value is calculated as:

I + (P /100,000,000)

Where I is the initial token price after the IC0, $0.09286 and P is the total site profit from all games and currencies at the current exchange rate in $.

As we all know, the value of the crypto currencies increased temporarily for 200% = $12 million, but he did not add this value increasement to his BKB fantasy tokens.

This is not only a breach of the investment contract, but also the criminal offense of fraud in the height of $ millions committed!

So there is no discrepancy in my mind about the formula.

The value increasement of the invested crypto currencies in the height of $12 million not added to the token value is no discrepancy in your mind?

If you millions of people, then you have millions of minds and there will be surely some minds considering killing someone as kissing someone!

2. There is no evidence of how much was spent. So yes, this is not transparent (maybe it is I don't know) but where is your proof?

1) Scam artist Dean Nolan announced to use 30% of the invested $6 million, temporarily worth $18 million = between $1,8 and $5,4 million for marketing and to built up the site.

Based on investments laws, he has to make a calculation with proof what happened with the invested funds.

2) I am an affiliate for the publicly proven BetKing scam and regularly checked the site. During the first months there was only Dice available that he likely used from his previous BetKing. The number of players was in average 8. This clearly confirms that he even did not invest a fraction of the announced $1,8 - $5,4 million!

3. Any casino can change their affiliate program as they wish. Did they withold payment from you for original? Sign up again, what is the problem?

Yes, a casino can introduce a new affiliate program and they can also quit affiliates, but they have to honour lifetime referred players!

It is posted in this article https://game-protect.com/betking-scam/ what he did:

Few months later Dean Nolan felt the necessity to delete the statistic of all lifetime referred players for all affiliates

What part are you not able to understand?

What he did is like you have a bank account with money on it (In this case referred players) and the bank simply cancel your account!

[JollyGood]

Here is the meeting point for all scammed investors and affiliates:

https://game-protect.com/betking-scam/

The more this link will be spread, the higher it will rank on google and the more victims of the BetKing scam fantasy token ICO will find it.

Game Protect has sufficient info and documents to enforce the not awarded value increasement of your investment.

The interesting point will be when Dean Nolan's separate fantasy dream world will meet the real world!

Thank you for this link.

It shows clearly that you are taking this matter very seriously. I hope there will be some activity on your dedicated Betking web page.

[milewilda]

Will you reply Dean Nolan? Still waiting for you to be open and transparent.

He wont able to make some reply and you guys might be already include on his ignore list   Someone created a thread https://bitcointalk.org/index.php?topic=5043831.msg46541974#msg46541974 and i have seen those argumentation between you guys and with that dude.
I might not like game-protect but on this one is yet convincing and do really have valid points to talk about, yet Betking doesnt mention about those stuffs and doesnt even reply on this issue.We can really say that theres something on it.

[JollyGood]

He wont able to make some reply and you guys might be already include on his ignore list   Someone created a thread https://bitcointalk.org/index.php?topic=5043831.msg46541974#msg46541974 and i have seen those argumentation between you guys and with that dude.
I might not like game-protect but on this one is yet convincing and do really have valid points to talk about, yet Betking doesnt mention about those stuffs and doesnt even reply on this issue.We can really say that theres something on it.

Thank you for providing the link. I have just posted there: https://bitcointalk.org/index.php?topic=5043831.msg46555927#msg46555927

Yes the truth is Dean Nolan the owner of Betking has scammed those invested in the ICO. I am asking him to just answer a few questions to clarify some points but he is a scammer he is not interested at the moment to respond.

[game-protect]

To not answer factual questions is part of the scam strategy!

All these scammers have the same behavior!

[RocketSingh]

Which is the self moderated BetKing ICO thread as promised here - https://bitcointalk.org/index.php?topic=2150057.msg45274187#msg45274187 ?

[actmyname]

Which is the self moderated BetKing ICO thread as promised here - https://bitcointalk.org/index.php?topic=2150057.msg45274187#msg45274187 ?

This is the thread: https://bitcointalk.org/index.php?topic=5023833.0