[FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99%

[JollyGood]

Should I be surprised once some foolproof information against Dean was provided he isn't here to respond? Good job there LoyceV, that's clearly something he can't even deny imo.

Serial scammer Dean Nolan has already covered that aspect of the argument by previously playing the following "I am totally innocent and did nothing wrong" card yesterday:

You're asking if a business would be different or change it's roadmap if 4-5 months ago it raised an extra $1 million in investment? What do you think the answer is?

He effectively is saying he is a dictator, he can unilaterally change direction to the extent of wanting to close betking down as recent as a few months ago as it was failing and was a waste of time then open bitsafe scam exchange and then again change his mind putting the bitsafe scam on hold while using EOS BKT tokens to give betking one more chance at success hoping to bring in 200,000 new users. It failed again, betking is dying fast. https://bitcointalk.org/index.php?topic=5122856.msg50285774#msg50285774

Serial scammer Dean Nolan is the one pulling all the strings without scrutiny. He claims he does it with general consensus of investors but there is no evidence of this. At the worst he is out-and-out lying but at the very least he is the one planting ideas in to the minds of investors then getting them to agree to his nonsense.

Think about it for a minute.... if there were 100 million BKB tokens created in the 2017 betking ICO and serial scammer Dean Nolan retained 30 million on behalf of betking for "ICO bounties, testing bounties, advisors, hiring, future marketing and development" where are those tokens now?

If there were 70 million BKB tokens sold in the crowdsale and serial scammer claims betking bought back 70 million tokens illegally using 600 BTC from the bankroll then that raises two very important questions. First, how many tokens are out there that were not purchased back because 30m + 70m = 100 million BKB tokens that were created....

... and second, if next to nobody owns any of betking anymore since almost all of them sold up - betking "owns" the remaining bankroll funds and betking owns whatever is left of the 50% of the 2017 ICO funds that were supposed to be used for "marketing, promotions, seo, design, development, server costs and legal".

It means betking is sitting on a lot of money even now and there are next to nothing in investors that partially own betking.

Serial scammer Dean Nolan is the only one who made a massive profit on the betking scam. Literally for doing little work he probably pocketed millions. How on earth does somebody who took an almost thriving business and drove it in to the ground because of mismanagement and greed manage to still stay in-charge a la dictator?







Oh well here we go.... this screenshot taken a few minutes ago shows what is left of the bankroll when the following information shows what was raised in the 2017 betking ICO:

https://bitcointalk.org/index.php?topic=1842538.msg21483982#msg21483982

1,046.60623397 BTC
4,614.61055431 ETH
833.38469263 LTC
Total: $6,497,165.94

And 50% of it was supposed to go to the bankroll meaning: 500 BTC, 2250 ETH & 425 LTC were supposed to go the bankroll but this serial scammer Dean Nolan claims he used 600 BTC from the bankroll illegally to buy-back tokens when that was NEVER part of the 2017 betking ICO commitments.

Serial scammer Dean Nolan is an absolute disgrace by mismanaging $6.5 million of other peoples money gained from the 2017 betking ICO. Some of it no doubt ended up in his pockets and the rest spent unnecessarily.

The betking bankroll was worth $3.25 million immediately after the 2017 ICO ended but it was rising to around $9 million in its peak December 2017 ATH BTC prices but now the whole bankroll is worth lower than $150,000

Just less than 3 months after the 2017 ICO ended which brought in $6.5 million for betking, the whole ICO funds were worth around $19 million thanks to the ATH BTC prices in December 2017 but this scammer never allowed audits so nobody can be sure how he mismanaged funds and why BUT the state of the bankroll is clear which has shrunk since the 2017 ICO ended.

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[Coin-1]

https://betking.io/exchange doesn't have any buy orders at BTC-BKT. There are buy orders at LTC-BKT, with the last price being 0.000001 LTC per BKT.
That means my 7278 BKB are worth 145563 BKT which is worth 0.145 LTC which equals $8.21. That's close to a 99% drop from the fixed pegged in dollar price BetKing guaranteed at it's ICO.
I should have been able to sell back 10% quarterly at a rate pegged in dollar, meaning around $70 for the first quarter, $63 the next quarter and so on.

In fact, you invested in this ICO and suffered losses of about $700. I am surprised that the BKB token price has fallen so drastically. Yes, its ROI is approximately -99%.

I found this ERC20 token on Etherscan:
https://etherscan.io/token/0xb2bfeb70b903f1baac7f2ba2c62934c7e5b974c4

BetKing Bankroll Token
Total Supply: 100,000,000 BKB
Holders: 385 addresses
Transfers: 2,178

As I can see, 385 users currently hold BKB tokens.

You can give me -9999 trust all you want. Doesn't make a difference.

I think that good reputation is important if you want to run a successful business. LoyceV is a honest token holder who trusted and helped you, expecting the BKB token price to be pegged to the US dollar.

[game-protect]

I see absolutely no proof presented from anyone that I scammed token holders, including LoyceV

Open your eyes! BetKing scam

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 $.

The exchange rate in $ for the currencies increased enormously while the price for the BKB fantasy token in $ remained the same and later decreased close to zero!

Please show us the calculation for the BKB fantasy token price in $ during the time when the exchange rate for currencies increased enormously?

[asche]

Actually the fun thing is, they might even be convinced themselves they did nothing wrong. And this is even worse.

This shows how perception can easily shift between different people.

[JollyGood]

betking bankroll status immediately after the ICO compared with today:


September 2017: 500 BTC, 2250 ETH & 425 LTC (over $3.25 million)

March 2019: 19 BTC, 278 ETH & 445 LTC (less than $150,000)


Complete mismanagement and disastrous decision making by scammer Dean Nolan has led betking to the verge being shut down.

[LoyceV]

September 2017: 500 BTC, 2250 ETH & 425 LTC (over $3.25 million)[/size]

March 2019: 19 BTC, 278 ETH & 445 LTC (less than $150,000)

These numbers come from "Investor Stats". I can't tell if any of the ICO funds are used for bankroll now, it looks like the entire bankroll now comes from third parties.

[JollyGood]

September 2017: 500 BTC, 2250 ETH & 425 LTC (over $3.25 million)

March 2019: 19 BTC, 278 ETH & 445 LTC (less than $150,000)

These numbers come from "Investor Stats". I can't tell if any of the ICO funds are used for bankroll now, it looks like the entire bankroll now comes from third parties.

Well if he converted the 50% of the 2017 ICO funds that were supposed to be used for the bankroll from ETH/LTC to BTC, then he allegedly used those bankroll funds approximately 600 BTC (in direct contravention of the 2017 ICO promises) for buy-backs there would be next to nothing of the 2017 ICO bankroll remaining.


edit:

Scammer Dean Nolan is looking for more bankroll investors just 18 months after getting $3.25 million specifically for the bankroll in the ICO and then illegally using the bankroll to fund buy-backs which no doubt included his own BKB tokens which he offloaded  

[PrimeNumber7]

The burdon of proof is not on me to show innocence here, I am the one being accused. The accusers should show hard evidence instead of biased opinions.
You have shown to fit that same category and so there's not really any point me discussing or explaining to you either. Your mind is clearly already made up.

You are absolutely correct. The burden of proof when alleging a crime or a tort is always on the accuser, and the accused should be presumed innocent until the evidence shows guilt beyond a reasonable doubt when it comes to crimes, and based on the preponderance of evidence in terms of torts.

I have to say the evidence as is currently presented makes it appear that you scammed the token holders of your ICO by failing to buy back 10% of tokens every quarter. This is based on posts from your ICO OP and from your own statements.

I have to agree that JollyGood looks like he is pursuing a smear campaign against you and your business. It was in part because of this that when I started writing my first post in this thread, it was defending you, however once I worked through the details my opinion changed against you.

I saw you talk about this in a previous post, and you said that you have a "hard-requirement of not exposing (yourself) to counterparty risk" and I wanted to point out that having Dean deposit the bitcoin collateral with a reputable escrow would expose you to counterparty risk with the escrow. I agree it is not a good idea to expose yourself to counterparty risk to someone offering an "instant" 42% return. It also is maybe a good policy to not expose yourself to counterparty risk to anyone who approaches you with a business proposal over a threshold. 

It's actually not too bad. My suggestion was that we use an escrow-agent to create a 2-of-3 multisig address (Where I am one holder, dean is another and the escrow the third). We would both commit enough funds into the multi sig-address (and keep it topped up) and have public payout addresses. Dean preliminarily agreed, so I talked to some extremely prominent members of the bitcoin community who agreed to escrow the deal. But that rapidly fell apart with nonsense excuses and kept offering amendments such that would break rule from the start: I am not going to enter a deal where I need to trust him with a million dollars.

I believe there is still counterparty risk, although smaller when using 2-of-3 multisig escrow arrangement as you describe. If the escrow agent engages in collusion (no pun intended regarding current events in the States) with your trading partner, the money being held could be stolen. The escrow agent does not even need to make an affirmative statement agreeing to collude with your trading partner (risking his reputation), if your trading partner presented a signed transaction to the escrow agent sending the coin being held in part to your trading partner, and in part to the escrow agent, all the escrow agent would need to do is sign/broadcast the transaction.

A setup that involves less counterparty risk would be a 3-of-4 multisig setup similar to what you describe with an additional escrow agent acting as the 4th keyholder. If either escrow agent presents a signed transaction sending coin in a way it shouldn't be, his reputation is at risk and he may not end up with any illegitimate coin.

[JollyGood]

I have to agree that JollyGood looks like he is pursuing a smear campaign against you and your business. It was in part because of this that when I started writing my first post in this thread, it was defending you, however once I worked through the details my opinion changed against you.

There was no agenda for a smear campaign against betking or against scammer Dean Nolan.

What did (and does) set betking apart from the others in my Scam Alert signature is that I was frantically active in the 2017 betking ICO thread warning potential investors that it was no doubt a scam. This was very soon after I registered my account in the forum. The way many of those bounty participants ganged up around myself, RichGang, iluvebitcoins, chazley and a couple of others to relentlessly attack us and to push our posts further down and out of view was something that was probably choreographed and encouraged by scammer Dean Nolan. The moment the ICO was over, the moment the bounty program ended (early and made many bounty participants upset) all those bounty hungry users that were attacking us effectively left scammer Dean Nolan to defend himself, alone - and he could not defend himself against the allegations.

It has been 18 months since the re-launch of the betking post-ICO website and it has been a $6.5 million disaster. The blame squarely and firmly lay with scammer Dean Nolan and nobody else. Had there been real leadership on his part, had he been open and transparent about the nature of his expenses then much of the hassles and issues could have been avoided.

Just four months ago he was closing betking down because it was a loss making disaster with no chance of ever catching up with Primedice, Stake, Bustabit, Bustadice, Bitsler and many others. He made a choice he was going to open a crypto exchange called "bifsafe" after another ICO and transfer existing BKB tokens to that platform but after diluting their value further because at least 100 million "bitsafe" tokens were to be created. Then he changed his mind weeks later and tried to cash-in on the "name and brand" betking once had a LONG time ago and decided to go down the EOS tokens route in the hope to bring in 200,000 new users by using airdrops and freebie give-aways - thus further diluting BKB token holders investment. He abandoned his plans for the "bitsafe" ICO which he started in November 2018 because of lack of investment so decided to give betking another try at success which has failed miserable thus far and shows no sign of ever being a profitable entity again.

Think about it, after he ran betking in to the ground he wanted to raise another $10 million for a crypto exchange he already had completed but was looking for investment for "development".

50% of the 2017 betking ICO funds were supposed to be held in a cold storage for "marketing, promotions, seo, design, development, server costs and legal" yet this scammer Dean Nolan re-launched the identical betking website post-ICO to the one he had when it closed in December 2016 with no development or apps or custom created games or anything else. From what I can see ALL of the 2017 ICO promises were broken (and breaking some of them such as the alleged 600 BTC buy-back of tokens when the funds used were specifically for bankroll and was a selling point to investors in the 2017 ICO whitepaper) could even be classed as criminal and I have been told it could be of interest to the police.

After highlighting and pointing everything out scammer Dean Nolan did not so much as even apologise to the people he ripped off. Had he apologised and tried to make amends and had he been more transparent allowing audits of expenditure then things would have been different for him, his investors and his base of game players but scammer Dean Nolan is a dictator who thinks the money he received in the ICO was his personal money to do with as he pleased without scrutiny and with impunity.

There is no smear campaign against scammer Dean Nolan or betking but there is a desire to have this scammer investigated by the Police and hopefully they will decide there is enough evidence against him to charge him with multiple criminal offences. He thinks by registering the company that owns betking in Costa Rica it is going to protect him because he himself resides in the UK but that will not help him.

Time will tell what will happen to this scammer but the fact is in September 2017 the betking ICO brought in $6.5 million but he mismanaged it to the point of closure and then in November 2018 (around 14 months later) he was trying to raise $10 million for "bitsafe".

He is a serial scammer who deserves to be held to account here (and hopefully in a court of law too) so gullible people and newbies do fall for his scams.

[game-protect]

betking bankroll status immediately after the ICO compared with today:


September 2017: 500 BTC, 2250 ETH & 425 LTC (over $3.25 million)

March 2019: 19 BTC, 278 ETH & 445 LTC (less than $150,000)


Complete mismanagement and disastrous decision making by scammer Dean Nolan has led betking to the verge being shut down.

All his behavior clearly confirms that he collected at best crypto currencies worth $300,000 September 2017 and nowhere near $ millions as he false and misleading claims!

Stating false investment numbers to attract other potential victims is investment fraud!

I was affiliate for this scam project and checked his scam website regularly and can confirm that he behaved like having not more than $300,000 on hand. I can not speak for the bankroll, but for building his scam casino website and marketing he behaved like a small child having $50,000 on hand!

For months only Dice was running, but if you have millions you will have introduced everything within a few months. You also will not start offering poker with leaderboard prices and thereafter remove it. With millions on hand you will built up a successful online casino, with only $300,000 on hand and incompetent of course not!

[JollyGood]

All his behavior clearly confirms that he collected at best crypto currencies worth $300,000 September 2017 and nowhere near $ millions as he false and misleading claims!

Stating false investment numbers to attract other potential victims is investment fraud!

I was affiliate for this scam project and checked his scam website regularly and can confirm that he behaved like having not more than $300,000 on hand. I can not speak for the bankroll, but for building his scam casino website and marketing he behaved like a small child having $50,000 on hand!

For months only Dice was running, but if you have millions you will have introduced everything within a few months. You also will not start offering poker with leaderboard prices and thereafter remove it. With millions on hand you will built up a successful online casino, with only $300,000 on hand and incompetent of course not!

I am sorry about the manner in which you were scammed, no affiliates should have been scammed in any project. He also scammed several other people from the early days of his Pocket Rocket Casino too and some of those victims left appropriate red feedback for him and his scam websites.

Regarding the actual amounts of the ICO, they have been mentioned several times: https://bitcointalk.org/index.php?topic=1842538.msg21483982#msg21483982

From scammer Dean Nolan - start quote:

"Final exchange rate on bitfinex.com at ICO end



Total funds raised:

1,046.60623397 BTC
4,614.61055431 ETH
833.38469263 LTC

Total: $6,497,165.94 " - end quote

How are you coming to figures of $300,000 when the following information is correct because 50% of the 2017 betking ICO funds were to be used specifically for the bankroll?:

BTC 1046/2 = 523 BTC
ETH 4614/2 = 2307 ETH
LTC   833/2 = 416 LTC

$6.5 million /2 = $3.25 million

I agree with your assertion that for months betking operated just as a dice site and scammer Dean Nolan did not introduce the flurry of games he mentioned in the 2017 ICO whitepaper so he was in complete violation of a commitment that was used to target investors. It was a clear breach of the commitments he made in the 2017 betking ICO whitepaper because all he did was to add Sportsbook then remove it, then add Livetable affiliate plugins before removing them too. They were one of many lies, poor choices and very bad decisions made by scammer Dean Nolan but your calculations of $300,000 seem wholly incorrect.

All the available evidence suggests the doomed 2017 betking ICO did raise $6.5 million and 50% of it (which equates to $3.25 million) was supposed to be used exclusively for the bankroll.

Whether he did indeed use the funds in the way he claimed he would when he was enticing investment via the 2017 betking ICO whitepaper will only be known after a criminal investigation IF the UK Police decide to conduct one after they receive my case file and that is because scammer Dean Nolan has shrouded all activities related to betking and the usage of the 2017 betking ICO funds in secrecy.

Had he been open and transparent allowing for audits and financial scrutiny then the vast majority of issues would either have never arose or would have been addressed before they became even bigger issue.

 

[game-protect]

Where is proof that these amounts were collected and where is proof that the bankroll was $3.25 million?

Also, in the meantime the price of crypto currencies increased for some hundred percent and therefore the bankroll would have been $3.25 million x 3 $9.75 million.

But if a clown has a bankroll of $9.75 million, why does he offer only a joking dice service?

And why scam affiliates if he has $ millions?

It more looks like that he was close to broke and tried to scam wherever he could!

[JollyGood]

Where is proof that these amounts were collected and where is proof that the bankroll was $3.25 million?

Also, in the meantime the price of crypto currencies increased for some hundred percent and therefore the bankroll would have been $3.25 million x 3 $9.75 million.

But if a clown has a bankroll of $9.75 million, why does he offer only a joking dice service?

And why scam affiliates if he has $ millions?

It more looks like that he was close to broke and tried to scam wherever he could!

I agree with you, it seems shady that with all that many millions in the bankroll, betking cannot justify just having a dice game and yes he might well be almost broke/insolvent now but he claims he spent 600 BTC for illegal buy-backs of BKB tokens.

If he had any funds from the ICO remaining he would have easily paid the 2 BTC licence fee to use the Crash software instead of scamming the software owner and furthermore probably would have paid the buy-back token rate to LoyceV to the tune of around $650 just in order to save the negative publicity that this thread has brought upon scammer Dean Nolan and betking.

Just because scammer Dean Nolan might not have much of the 2017 ICO funds left does not mean he did not have it to start with. And yes I agree, at the point just 3 months after the ICO ended in September 2017 the value of ICO investors funds jumped from $6.5 million to around $26 million in December 2017 (if you use the 1411 BTC figure with approximately $19,000 per Bitcoin). Exactly the number of tokens spent, cashed in and where the funding went is a mystery because scammer Dean Nolan does not allow audits.

Regarding your comment about the affiliates, I have no idea why he scammed affiliates if he had those millions just like I do not know where and how the funds were mismanaged. I do not think he was broke at the time of the 2017 ICO simply because the amount raised was too big to ignore, I do believe though betking is in serious financial trouble now and has been for some time and that is simply because of fraud and mismanagement.

One thing for sure is that scammer Dean Nolan himself stated he spent 600 BTC of near the total 1411 BTC (equivalent) raised in the 2017 ICO for buying-back BKB tokens from funds which were supposed to be used exclusively and specifically for the bankroll. It was one of selling points used to entice investors in the 2017 ICO. This is just one of the issues that I hope the UK Police (Scotland Sheriff) will look in to because if one person says that move was:

"illegal, it was fraud and it was a front in order for scammer Dean Nolan to sell his own tokens and/or it was a mechanism for scammer Dean Nolan to illegally sell a portion of the 30 million BKB tokens and pocket the funds for himself. It was also negligence and mismanagement on an industrial scale"

but the dictator running the betking website says it was:

"unfortunate, it was mismanagement, there were some bad business decisions but not fraud"

.. then we shall leave it to the police to decide what action (if any) they will take.

[JollyGood]

Well since my post above I have been keeping an eye from time to time on the betking bankroll. It was regularly floating around the 19 BTC mark but miraculously it was more than doubled just a day or so after I posted the image on 24th March 2019. Figure that out.

It is safe to say that investors most definitely did not contribute to the increase.

Why scammer Dean Nolan decided to increase the bankroll by adding Bitcoin to it (and where did those funds come from) are difficult to ascertain because of the secrecy he shrouds himself in.

Having said that, this is what the stats look like today:




-----------------------------------------------------------------




Of the staggering 10 billion BKT tokens created using EOS here is a breakdown:

10% which is 1 billion were reserved for BKB conversions - of which just 36% have been used (366,978,922)
10% which is 1 billion were reserved for "the team" - whatever that means and allegedly "0" have been used
30% which is 3 billion were reserved for airdrops - around 22% have been used (675,476,101)
20% which is 2 billion were reserved for promotions (leaderboard, affiliates, bounties, etc) - around less than 2.5% have been used (47,544,389)
30% which is 3 billion were reserved for mined From Bet Mining - around less than 4% have been mined (116,651,747)

Considering scammer Dean Nolan was closing down betking in December 2018 / January 2019 and replacing it with his next scam (bitsafe crypto exchange) but had to plan again because nobody wanted to invest in "bitsafe", do you think the above listed token distribution was a competent manner to try to "save" betking?

I fail to see why the token distribution could not have been more generous to existing BKB token holders. After all, it the "team" get 1 billion BKT for effectively bringing betking to the verge of closure why were existing BKB token holders given an exchange that saw them lose 99% of the original guaranteed value of BKB tokens as per the 2017 betking ICO? Scammer Dean Nolan mentioned on many occasions there was no "team" and that he hired freelancers to work for him but that contradicted the part where he claimed he had 6 developers working for him for 1 year after the ICO.

So why is the betking "team" getting 1 billion tokens valued currently at $1.2 million?

Surely whatever scammer Dean Nolan siphoned-off from the 2017 betking ICO should have been enough so what exactly has he done that warrants him getting another $1.2 million? Who did he discuss this with and who gave him permission? Was he acting in the role of "dictator" again when he made the decision to give himself another £1.2 million?

Scammer Dean Nolan wrote: "The token price was $0.09286 after the ICO. The token value is calculated as $0.09286 + ((total bankroll profit of eth, btc, ltc in $ at current exchange price) / 100,000,000) Which is now $0.0966. A profit of $0.00374 per token": https://bitcointalk.org/index.php?topic=2150057.msg25690525#msg25690525

The value of BKB held by LoyceV should have been 7278 BKB x $0.09286 (+profits) = $675.84 minimum flat rate without any profits to take in to consideration.

If the site made no profit betking should guarantee a buy-back of BKB at $0.09286 as per scammer Dean Nolan personally guaranteeing he would cover it even if BTC dropped to $1

Scammer Dean Nolan has a minimum of $1.2 million worth of BKT tokens after making the switch from BKB to BKT yet he refused to give LoyceV just $675 of his BKB guaranteed buy-back tokens. He also told LoyceV that the drop in price is partly his fault because he did not "promote" betking... Pathetic.

In the process scammer Dean Nolan ruined the very little reputation that he and his betking had left.

[game-protect]

He also told LoyceV that the drop in price is partly his fault because he did not "promote" betking... Pathetic.

Yes, not fulfilling investment promises is a criminal offense!

[Lauda]

I'll drop this here so I don't have to keep this garbage in my PM folder:

Why have you given me negative trust for being an alt of an account used to run an old site?
Even your reference shows me telling people that.
That is not an offence or any reason to have a negative review.

[JollyGood]

I'll drop this here so I don't have to keep this garbage in my PM folder:

Why have you given me negative trust for being an alt of an account used to run an old site?
Even your reference shows me telling people that.
That is not an offence or any reason to have a negative review.

Thank you for posting his PM here. One day he says he does not care if he gets -9999 trust and another he sends you PMs

When are you launching the next scam ICO for your "bitsafe" project?

will be launching the new project along with ico soon enough

This is quite interesting too. Another ICO attempt to make serial-scammer Dean Nolan several more millions.

I wonder how many others he sent PMs to trying to engage in chit-chat with in the hope of having his red feedback reduced.

[game-protect]

Considering the silence, looks like his recent scam attempt failed!

[PrimeNumber7]

I have to agree that JollyGood looks like he is pursuing a smear campaign against you and your business. It was in part because of this that when I started writing my first post in this thread, it was defending you, however once I worked through the details my opinion changed against you.

There was no agenda for a smear campaign against betking or against scammer Dean Nolan.

Noted.

My suggestion is that you stop posting in these threads about betking. If you will not do that I would stop referring to its owner as "scammer Dean Nolan".

My personal opinion is that betking appears to be owned by a scammer, and if its owner is named "Dean Nolan" my opinion is it would not be inaccurate to refer to him this way.

The way you post in this thread gives me sympathy to betking, that only goes away after a close examination of the evidence and facts surrounding his ICO/debt tokens. I don't know that other people will be willing to take the time to review the evidence as closely as I did.

Just my two cents, you can take it or leave it.

[RHavar]

Apparently Dean is now telling people that it is a misconception that he promised the terms of buy-backs in the first place. He seems to be claiming people who used them as a USD hedge were misunderstanding the terms of ICO. While this is kind of silly for people who were around at the time of Dean repeatedly making such promises (and me having private chat logs of him promising it's personally guaranteed by him and encouraging its use to decrease my BTC exposure just days before he scammed everyone with it).

If anyone has the time, could they help compile a list of quotes of where Dean publicly stated the buy-back policy or endorsed investors understanding of it (especially regarding it being a USD hedge)? It would be nice to have a post to link someone to that definitively demonstrates Dean did make such promises and they were the common-understanding between him and investors.