BETKING & DEAN NOLAN: Disastrous Reputation! Read This Reddit Post.

[chazley]

My best guess as to what happened is Dean gambled away or spent all of the money, and in *his* mind it wasn't a scam cause he thought he'd be able to eventually make enough money with another project. I seriously doubt he has any money left. He is right that he gave back 6000 bitcoin to investors, that is the only reason I hesitate to call the guy a straight up scammer. He's just really, really, really fucking bad at PR and marketing. Fame and fortune fell into his lap when just-dice exited the dice market and he was the only viable alternate dice site, and unfortunately Dean squandered that opportunity in pretty spectacular fashion. To be penniless after being essentially guaranteed to be rich the rest of your life is a tough pill to swallow. I legitimately feel for him.

Unfortunately, I don't think Dean has anyone in his professional life he listens to to tell him when he's wrong, and actually heed the advice. That ego and standoff-ish attitude have led to him squandering a literal fortune.

[1714840574]

1714840574

[1714840574]

1714840574

[RoKSeouljah420]

Damn, Dean, you were always kind of cool back in the day. I still remember when I found your site back in 2012-13. But I watched as your greed took over when you had an opportunity to legitimately enter the dice market, and it has been a further downward spiral morally ever since. Wish I could say I was surprised.  

And here's the problem with this forum, read a thread title from an idiot and believe it as fact.

Also what do you mean a chance to enter the dice market? I ran the most popular and most profitable dice site for 2 years straight and that's an easily verifiable fact.

Lol @ you if you think I'd base my opinion of you on a random forum thread, and not from (many) personal interactions and observations. I'm not here to say whether you are or not a scammer, because it doesn't affect me either way. I chose to stop doing any kind of business with you years ago. But I do remember when we first met and how chill you were. Bitcoin wasn't nearly as blown up as it is now, and neither was your ego. Obviously, all things change with time.

What do I mean by a chance to enter the dice market, really? I was with you when you were still struggling to build your site off the back of poker (and dogecoin lol) and the only reason you even made the jump exclusively to dice was because a certain site exited the market, leaving a large void, which you saw as a chance to use to line your pockets. I never blamed you for being an opportunist, which you admitted to in PRC chat many times.

Sorry you are feeling so insecure these days as to take my initial comments as such a personal attack, but there is no denying you have made a turn (for the worse) over the past seven to eight years. Regardless, I still wish you well in your life and hope you can figure out something that will make you happy.

[Stedsm]

And here's the problem with this forum, read a thread title from an idiot and believe it as fact.

Believe me, I used to think you were a good person unless you were actually in your shoes but, when you started blaming your investors for the ^failure^ of your tokens? Seriously? Where the fuck did the BTC go? Have you ever come up with the real truth behind your shady stories, huh?

I ran the most popular and most profitable dice site for 2 years straight and that's an easily verifiable fact.

True, but this is also true that it was "2 years ago" and BTC was not the same as it is now. And you took the advantage of looting your investors and didn't even buy back your tokens while just asking other new investors to go for your worthless tokens and trying to make your ICO investors a few more pennies. That's shit. If you didn't have any backup plans on what you were going to do, how you were going to return your investors if (what already happened) something unusual was going to happen?

[RHavar]

To be penniless after being essentially guaranteed to be rich the rest of your life is a tough pill to swallow. I legitimately feel for him.

I think you're perhaps being a bit too charitable. My sincere guess is that he's sitting on a considerable amount of bitcoin, and the im-so-broke is just a cover story to make recovery attempts sound unattractive. After all, that was his entire defence against investors considering (starting?) expensive legal action against him (along with threats that those would be the last to be "paid back").

We know he originally closed his site when he had secured enough money to basically comfortable retire. Then he only returned to the scene after seeing the ICO craze, and the opportunity to sell millions (!) of dollars of tokens to just reopen his site.

At one point even expressed interest in buying my site, I can't remember exactly but I think the number were were kicking around was ~10M dollars? And he was going to earmark funds for bankrolling it too. So I just don't see how the sudden leap from multi-millionaire with FU money, to penniless supposedly happened. I mean I wouldn't be terribly surprised if he developed a gambling problem or something, and blew everyone's money. But him trying to pretend he's penniless cause of "marketing" and "hacking" is ridiculous.

I could muster some empathy for him if he could be genuine for 30 seconds and try make amends. Until then, I think he's just an unrepentant scammer who is only here to add confusion and try clean up his name.

[TwitchySeal]

To be penniless after being essentially guaranteed to be rich the rest of your life is a tough pill to swallow. I legitimately feel for him.

I think you're perhaps being a bit too charitable. My sincere guess is that he's sitting on a considerable amount of bitcoin, and the im-so-broke is just a cover story to make recovery attempts sound unattractive. After all, that was his entire defence against investors considering (starting?) expensive legal action against him (along with threats that those would be the last to be "paid back").

We know he originally closed his site when he had secured enough money to basically comfortable retire. Then he only returned to the scene after seeing the ICO craze, and the opportunity to sell millions (!) of dollars of tokens to just reopen his site.

At one point even expressed interest in buying my site, I can't remember exactly but I think the number were were kicking around was ~10M dollars? And he was going to earmark funds for bankrolling it too. So I just don't see how the sudden leap from multi-millionaire with FU money, to penniless supposedly happened. I mean I wouldn't be terribly surprised if he developed a gambling problem or something, and blew everyone's money. But him trying to pretend he's penniless cause of "marketing" and "hacking" is ridiculous.

I could muster some empathy for him if he could be genuine for 30 seconds and try make amends. Until then, I think he's just an unrepentant scammer who is only here to add confusion and try clean up his name.

He's recently started the affiliate hustle, betking.io is now affiliate links and he's been spamming sign up offers to a bunch of other sites to betking emails.

I think he's probably broke, most likely gambled it all away and his database is pretty much the only thing of value he's got left.

I wonder if Bitsler is letting him keep affiliate earnings from the players that sign up through his link and take a refund.  Pretty sweet deal for Dean if he's able claim a bunch of the $200 refunds himself + get a cut of anyone that signs up and blows the $200 or becomes a bitsler regular and maybe even repair his reputation a bit.

[joksim299]

To be penniless after being essentially guaranteed to be rich the rest of your life is a tough pill to swallow. I legitimately feel for him.

I think you're perhaps being a bit too charitable. My sincere guess is that he's sitting on a considerable amount of bitcoin, and the im-so-broke is just a cover story to make recovery attempts sound unattractive. After all, that was his entire defence against investors considering (starting?) expensive legal action against him (along with threats that those would be the last to be "paid back").

We know he originally closed his site when he had secured enough money to basically comfortable retire. Then he only returned to the scene after seeing the ICO craze, and the opportunity to sell millions (!) of dollars of tokens to just reopen his site.

At one point even expressed interest in buying my site, I can't remember exactly but I think the number were were kicking around was ~10M dollars? And he was going to earmark funds for bankrolling it too. So I just don't see how the sudden leap from multi-millionaire with FU money, to penniless supposedly happened. I mean I wouldn't be terribly surprised if he developed a gambling problem or something, and blew everyone's money. But him trying to pretend he's penniless cause of "marketing" and "hacking" is ridiculous.

I could muster some empathy for him if he could be genuine for 30 seconds and try make amends. Until then, I think he's just an unrepentant scammer who is only here to add confusion and try clean up his name.

He's recently started the affiliate hustle, betking.io is now affiliate links and he's been spamming sign up offers to a bunch of other sites to betking emails.

I think he's probably broke, most likely gambled it all away and his database is pretty much the only thing of value he's got left.

I wonder if Bitsler is letting him keep affiliate earnings from the players that sign up through his link and take a refund.  Pretty sweet deal for Dean if he's able claim a bunch of the $200 refunds himself + get a cut of anyone that signs up and blows the $200 or becomes a bitsler regular and maybe even repair his reputation a bit.

I don't think Bitsler team is naive, they are risking their reputation by partnership with Betking

[chazley]

To be penniless after being essentially guaranteed to be rich the rest of your life is a tough pill to swallow. I legitimately feel for him.

I think you're perhaps being a bit too charitable. My sincere guess is that he's sitting on a considerable amount of bitcoin, and the im-so-broke is just a cover story to make recovery attempts sound unattractive. After all, that was his entire defence against investors considering (starting?) expensive legal action against him (along with threats that those would be the last to be "paid back").

We know he originally closed his site when he had secured enough money to basically comfortable retire. Then he only returned to the scene after seeing the ICO craze, and the opportunity to sell millions (!) of dollars of tokens to just reopen his site.

At one point even expressed interest in buying my site, I can't remember exactly but I think the number were were kicking around was ~10M dollars? And he was going to earmark funds for bankrolling it too. So I just don't see how the sudden leap from multi-millionaire with FU money, to penniless supposedly happened. I mean I wouldn't be terribly surprised if he developed a gambling problem or something, and blew everyone's money. But him trying to pretend he's penniless cause of "marketing" and "hacking" is ridiculous.

I could muster some empathy for him if he could be genuine for 30 seconds and try make amends. Until then, I think he's just an unrepentant scammer who is only here to add confusion and try clean up his name.

It's all speculation of course because Dean is extremely shady when you ask him for proof of anything. He's extremely hard to talk to because he re-directs constantly and leaves out important details, cherry picking what is easy for him. But, the fact he did run the dice site for years and did return player funds *to me* gives him some level of credibility. I think he would pay out of his own pocket if he could to refund entire player balances. I could easily be wrong. But I don't also want to call him a scammer just yet. I just think he's broke.

[RHavar]

But I don't also want to call him a scammer just yet. I just think he's broke.

It's certainly possible he's broke, but there's no way that happened without him misappropriating funds. Like for him to have no money, it means he managed to lose:

a) His own money [Ok, fine. Who doesn't like hookers and blow, and it's his to waste ]
b) Bankroll investor money [Ok, fine. I'm willing to suspend disbelieve and accept there was a bug in which someone knew the server and won the server seed]

but more dubiously:

c) ICO investor money [wtf, I've run a far bigger site than Deans. There's no way he would've even put a dent in the raised funds, even with its low volumes it should've been turning a mild profit]

and then last, completely unexplainable:

d) Player balance funds [in fact, Dean has yet to even comment on how this is even possible. That's how outrageous it is]


----

I knew there was something wrong when Dean kept bugging me to buy his ICO tokens, and I expressed concern about him canceling the buy-backs. Dean kept saying that it was impossible, and I pointed out there could even be external events that made it impossible such as bitcoin price gaping down. Dean then tried to assure me that it was impossible, because he "systems in place" to automatically sell bitcoin if the price fell such that it would risk his ability to do the buy-backs.

That was the moment I knew there was something seriously wrong. It was clearly bullshit, no one in crypto is going to keep their funds on an exchange with auto-sell orders. Like c'mon. I bit my tongue and politely refused, but I knew there was something brewing and warned a few people to be careful. Then very shortly after, he unilaterally decided to not honor the promised buy-back scheme. There's just no way you can possible spin Dean's actions as anything but scammy to the extreme.

I think the only question is: why? Did he develop a gambling or drug problem and blow everyone's money? Or is he just greedy and sitting on everyone's money?

 

[JollyGood]

this guy should be banned from this forum and other forums. he is an unrepentant scammer/ after scamming people of their hard earned cash, he closed the site with hundreds of thousands of dollars inside, then later come up with some shitty shit of paying people who left cash in betking 200$/
i will never play in any site that partners with this scammer.

Thank you for your post. I agree he should be banned from this and other forums.

I owe this forum fuck all.
This forum has caused me to lose millions of $ and destroyed my reputation (probably the 2nd most trusted person in this community at one point after dooglus).

he is an unrepentant scammer. he is coming for more scams. this trick is to make people believe he is trusted. once he gains little trust from a few dumb fucks, he will then shoot the next scam. imagine, he closed a site with hundreds of dollars inside and he didnt talk of paying all. he is talking of paying 200$ out of hundreds of thousands of dollars. what a joker. dean is a pathetic scammer. i hope he rots soon.

Yes I agree, he is an unrepentant scammer.

My best guess as to what happened is Dean gambled away or spent all of the money, and in *his* mind it wasn't a scam cause he thought he'd be able to eventually make enough money with another project. I seriously doubt he has any money left. He is right that he gave back 6000 bitcoin to investors, that is the only reason I hesitate to call the guy a straight up scammer. He's just really, really, really fucking bad at PR and marketing. Fame and fortune fell into his lap when just-dice exited the dice market and he was the only viable alternate dice site, and unfortunately Dean squandered that opportunity in pretty spectacular fashion. To be penniless after being essentially guaranteed to be rich the rest of your life is a tough pill to swallow. I legitimately feel for him.

Unfortunately, I don't think Dean has anyone in his professional life he listens to to tell him when he's wrong, and actually heed the advice. That ego and standoff-ish attitude have led to him squandering a literal fortune.

I cannot afford the serial scammer Dean Nolan the same charity that you do. I feel sorrow just for those that he scammed, I feel not even an iota of pity for him.

It has yet to be ascertained whether serial scammer Dean Nolan has actually lost all the funds he stole from the 2017 betking ICO all the way through to October 2019 when he closed the site down.

About his ego, that has been a huge contributor to his downfall. Way back in 2017 when I read about the ICO in the thread I asked why someone who claimed to be a multi-millionaire would be seeking investors when he could just start up the website himself and reap all the rewards of profits for himself. That was when he threw a tantrum and said he was not going to answer questions, I knew this whole scam would unravel one day.

[chazley]

But I don't also want to call him a scammer just yet. I just think he's broke.

It's certainly possible he's broke, but there's no way that happened without him misappropriating funds. Like for him to have no money, it means he managed to lose:

a) His own money [Ok, fine. Who doesn't like hookers and blow, and it's his to waste ]
b) Bankroll investor money [Ok, fine. I'm willing to suspend disbelieve and accept there was a bug in which someone knew the server and won the server seed]

but more dubiously:

c) ICO investor money [wtf, I've run a far bigger site than Deans. There's no way he would've even put a dent in the raised funds, even with its low volumes it should've been turning a mild profit]

and then last, completely unexplainable:

d) Player balance funds [in fact, Dean has yet to even comment on how this is even possible. That's how outrageous it is]


----

I knew there was something wrong when Dean kept bugging me to buy his ICO tokens, and I expressed concern about him canceling the buy-backs. Dean kept saying that it was impossible, and I pointed out there could even be external events that made it impossible such as bitcoin price gaping down. Dean then tried to assure me that it was impossible, because he "systems in place" to automatically sell bitcoin if the price fell such that it would risk his ability to do the buy-backs.

That was the moment I knew there was something seriously wrong. It was clearly bullshit, no one in crypto is going to keep their funds on an exchange with auto-sell orders. Like c'mon. I bit my tongue and politely refused, but I knew there was something brewing and warned a few people to be careful. Then very shortly after, he unilaterally decided to not honor the promised buy-back scheme. There's just no way you can possible spin Dean's actions as anything but scammy to the extreme.

I think the only question is: why? Did he develop a gambling or drug problem and blow everyone's money? Or is he just greedy and sitting on everyone's money?

 

My guess is he gambled and spent it all away, including player funds. The player balance liability was a relatively low number he *thought* he'd have enough equity with his business to cover in a doomsday scenario where he lost all money (Ex: sell Betking assets, start new businesses). Problem is Dean has *always* massively overrated his worth

*Bare minimum* highly negligent. If he does have the intention of paying back everything though - and Bitsler is a start - I wouldn't label him a scammer. I think he's unethical for sure. I'd love for him to post proof and prove everyone wrong, but his refusal to do so looks terrible. I have to assume, reluctantly, that what he describes did not happen.

I do acknowledge you are highly intelligent and nuanced with your thoughts though so I respect your point of view on this. I was the one who wrote the original post on reddit calling out the ICO for being scummy. Dean has and always will be driven by making a buck. It's his *only* purpose. I think in his mind he believes his reputation is salvageable and his name is worth something. I disagree and think that's dumb, but at the same time it's probably the reason people will - hopefully - be paid back.

[JollyGood]

Serial scammer Dean Nolan only posts in the threads and at times that suit his agenda. And what does he normally spout? The same things again and again but it is nothing except failed attempts at deflection and misdirection.

Damn, Dean, you were always kind of cool back in the day. I still remember when I found your site back in 2012-13. But I watched as your greed took over when you had an opportunity to legitimately enter the dice market, and it has been a further downward spiral morally ever since. Wish I could say I was surprised.  

And here's the problem with this forum, read a thread title from an idiot and believe it as fact.

Also what do you mean a chance to enter the dice market? I ran the most popular and most profitable dice site for 2 years straight and that's an easily verifiable fact.

Lol @ you if you think I'd base my opinion of you on a random forum thread, and not from (many) personal interactions and observations. I'm not here to say whether you are or not a scammer, because it doesn't affect me either way. I chose to stop doing any kind of business with you years ago. But I do remember when we first met and how chill you were. Bitcoin wasn't nearly as blown up as it is now, and neither was your ego. Obviously, all things change with time.

What do I mean by a chance to enter the dice market, really? I was with you when you were still struggling to build your site off the back of poker (and dogecoin lol) and the only reason you even made the jump exclusively to dice was because a certain site exited the market, leaving a large void, which you saw as a chance to use to line your pockets. I never blamed you for being an opportunist, which you admitted to in PRC chat many times.

Sorry you are feeling so insecure these days as to take my initial comments as such a personal attack, but there is no denying you have made a turn (for the worse) over the past seven to eight years. Regardless, I still wish you well in your life and hope you can figure out something that will make you happy.

[TwitchySeal]

Serial scammer Dean Nolan only posts in the threads and at times that suit his agenda. And what does he normally spout? The same things again and again but it is nothing but failed attempts at defelction and misdirection.

Eh, he seems to be rage posting a lot lately.  Definitely not doing himself any favors.

[JollyGood]

His tantrums are nothing new but it is interesting to see him attack everybody and anybody that tried to get a word in edgeways. Back in 2017 when he returned back to the forum to create and then steal from the betking ICO, he was already spitting his dummy out claiming he was being asked questions that he did not like.

He definitely was one of those people that suffered from a superiority complex, he always thought he was bigger, better and higher than the rest of us. For him to see his reputation in tatters is something that he rightfully deserves.

Eh, he seems to be rage posting a lot lately.  Definitely not doing himself any favors.

[RHavar]

On a funny side-note, Dean has a locked thread and yet somehow miraculously new accounts keep managing to post in the minutes it's unlocked before Dean locks it again! 

But it's pretty great when Dean uses one of his shill-accounts, and then you can see their post history:

https://bitcointalk.org/index.php?action=profile;u=1025632

rofl.

I kind of feel bad for bitdice.me, I wonder how many shill accounts Dean has used to claim funds 

[JollyGood]

Of the maximum $18,000 that Bitsler are willing to put up towards trying to pull in ex-betking players they will no doubt find out very soon that by far the majority of the funds paid out in batches of $200 must have gone to accounts specifically created by and for serial scammer Dean Nolan to pocket the cash.

On a funny side-note, Dean has a locked thread and yet somehow miraculously new accounts keep managing to post in the minutes it's unlocked before Dean locks it again! 

But it's pretty great when Dean uses one of his shill-accounts, and then you can see their post history:

https://bitcointalk.org/index.php?action=profile;u=1025632

rofl.

I kind of feel bad for bitdice.me, I wonder how many shill accounts Dean has used to claim funds 

[iTradeChips]

I would think that he might have squandered all the money into a luxurious life, and he did not thought of it as something sinister because he thinks that he could make another project and make tons of money out of it that he could use to pay his investors. I am dubious whether he still has the money to do more projects, I really doubt that. During that time where he returned 6000 bitcoin to investors, I really cheered for him and that gave me a reason not to completely call him a bad bad man. I really think of it as something like a bad marketing issue that he cannot handle very well. I will just wish him that he learn from his mistakes and move on doing things legit.

[jostorres]

There is no way you can spend THAT much money to luxury life, he has to have some of it to his account for this day. But what we are not really seeing is that, if you are doing something like this to scam people, you are usually not alone, he is the face of the heist but there must have been some other people with him as well, so he had  to keep paying people to stay silent as well, that has to be the biggest portion that he lost.

I really do not think he needs the 200 dollars to claim from bitsler but I agree that it looks like he is doing it as well, so I can't really say why someone who stole that much money would still come in for the extra 200 dollars? It doesn't compute in my mind to get millions of dollars and still try to work hard for 200 more. He is definitely a weird dude.

[TwitchySeal]

There is no way you can spend THAT much money to luxury life, he has to have some of it to his account for this day. But what we are not really seeing is that, if you are doing something like this to scam people, you are usually not alone, he is the face of the heist but there must have been some other people with him as well, so he had  to keep paying people to stay silent as well, that has to be the biggest portion that he lost.

I really do not think he needs the 200 dollars to claim from bitsler but I agree that it looks like he is doing it as well, so I can't really say why someone who stole that much money would still come in for the extra 200 dollars? It doesn't compute in my mind to get millions of dollars and still try to work hard for 200 more. He is definitely a weird dude.

No amount of money is too much to gamble away in a very short period of time.  Lose thousands that aren't yours and then millions chasing the thousands.  In my opinion, that's most likely what happened with Dean.  I would be absolutely shocked if he's not broke.

[jostorres]

No amount of money is too much to gamble away in a very short period of time.  Lose thousands that aren't yours and then millions chasing the thousands.  In my opinion, that's most likely what happened with Dean.  I would be absolutely shocked if he's not broke.

Oh commee oooon, there is no way he is broke. I get that he is a scam artist and he is a bad person, but he did managed to steal this much money from people, which means he can't be an idiot. He is evil, but not a stupid evil, I think he could be even a very smart evil if you ask me. If I were to steal that much money from people ever (and let's hope my life never becomes that) I would probably put that into smart investments to make it even bigger. You know why? Because most of the time when you steal someones money and get sued and have to pay it back, you get out of it with pretty much white collar jail time.

So, let's say you steal 100 million dollars, you end up paying back 120 million and 2 years in jail and you get out. So if I could have like 100 to 150 million type of increase, I would still have 30 million dollars in my pocket.

[TwitchySeal]

Bump.

Dean was nice enough to spam his mailing list with his affiliate link to Verve Casino, a relatively new site with a horrible rep of slow paying, not paying, refusing to communicate, ect... With open unaddressed scam accusations on the forum, they continued to bump their own thread.

Here's the email:


less than 48 hours later the Casino exit scammed.  Just POOF disappeared.

Nice work Dean.