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

[LoyceV]

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.

I've seen so many scammers try to change their story to convince new victims they're just misunderstood so they can scam more people.

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)?

I don't have the time to do this, but would like to see such a list indeed.

[JollyGood]

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.

I've seen so many scammers try to change their story to convince new victims they're just misunderstood so they can scam more people.

That is a regular usual pattern 99% of these scammers apply. They alter and they change the narrative of various promises to suit their present needs. I am not surprised in the least about this altering facts and selective amnesia from serial-scammer Dean Nolan.

I was calling out serial-scammer Dean Nolan for well over a year but with hardly anybody accepting it. Thankfully occasional posts were made by users from back in the day when serial-scammer Dean Nolan was using pocketrocketcasino and during the early days of betking to scam affiliates

Then everything changed when I made that fateful post in the Bustabit thread asking whether serial-scammer Dean Nolan scammed Bustabit by not paying 2 BTC licence fee: https://bitcointalk.org/index.php?topic=2897545.msg47430632#msg47430632

This was the post which drew a response from the Bustabit owner followed by a response from serial-scammer Dean Nolan and the whole things generated pace as the betking scam unravelled.

Add to that this fantastic scam thread started by LoyceV and it effectively left betking with zero credibility and zero future.

Serial-scammer Dean Nolan will try to utilise betking for maximum personal profit as much as he can before calling it a day and trying his luck at scamming the next batch of his ICO investors with the bitsafe exchange scam, maybe that is why he is altering the facts and presenting a new narrative in order to dupe gullible investors and newbies

[tortic25]

What Dean did is obviously horrible. Loyce, thank you for the write-up. However, the way I see it, a part of the blame also falls into the hands of the victim. This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming. I mean, the very idea is ridiculous. I feel very sorry for the people who lost money in this... although it was obvious, let it be a lesson to everyone not to fall for such blatant lies.

No one lost money in this (except me).
They claim to know people who say they have lost money but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision and I have explained how the new system works and that he should wait.
Instead he wants attention and just shouts scam (note Loyce didn't even buy tokens in the ico, he got them from bounty)
But it is not the concern of anyone in this forum who didn't own BKB from the original ICO.

Tbh i don't understand the point of this, before betking.io you had a different dice site with a bankroll of 1-2 million "i think" i don't know why you closed that and started an ico offering such a large amount of profits, and the old site had more players then you do now.

and before that you had pocketrocketscasino which wasn't no where near as big as these two, but imo it had the most potential. the "be the house feature" it was like moneypot 3-4 years before it was even created, and they where really popular in the beginning before they made a bunch of bad decisions.

So i can't understand how you went from "successful" to "losing money"


I'm sure if they did actually lose money or felt they had they would be in contact.

I joined the signature campaign and ill admit i entered the username wrong or something i don't remember, but i couldn't link my btctalk account. and just to be clear "linking my btctalk may be wrong" this was so long ago i'm not sure how it worked all i know is i read the instructions, saw i mistyped something and couldn't change it.  I wrote you 3 emails and didn't get a reply. i still had the betking avatar and sig on my account for 5-6 months and never got one reply.


Country restrictions
it's also shitty that "united states was banned 1-2months after launch"
i'm sure running 2 previous casinos you where aware of any legal troubles, that you could have investigated before launch.

So i'm sure you already knew that you where going to do this, and kept this information from investors, a big decision factor for investing in the ico.

[LoyceV]

Tbh i don't understand the point of this, before betking.io you had a different dice site with a bankroll of 1-2 million "i think" i don't know why you closed that and started an ico offering such a large amount of profits, and the old site had more players then you do now.

A short summary (by heart) from other topics: Dean was tired of running the site by himself, even though it was very profitable at the moment. He tried to sell it several times, but asked for too much, and eventually closed it to do something else.

So i can't understand how you went from "successful" to "losing money"

By Dean's own claims he earned more than 1000 Bitcoin from the ICO and bought back BKB tokens for 600 Bitcoin. Dean will claim I don't know what I'm talking about, but he also doesn't give detailed information.
I've read speculation of Dean losing it in trading, but that's just speculation.

To quote Dean:

All profit made on bankrolled games will be audited

I haven't seen any audit.

[tortic25]

Tbh i don't understand the point of this, before betking.io you had a different dice site with a bankroll of 1-2 million "i think" i don't know why you closed that and started an ico offering such a large amount of profits, and the old site had more players then you do now.

A short summary (by heart) from other topics: Dean was tired of running the site by himself, even though it was very profitable at the moment. He tried to sell it several times, but asked for too much, and eventually closed it to do something else.

So i can't understand how you went from "successful" to "losing money"

By Dean's own claims he earned more than 1000 Bitcoin from the ICO and bought back BKB tokens for 600 Bitcoin. Dean will claim I don't know what I'm talking about, but he also doesn't give detailed information.
I've read speculation of Dean losing it in trading, but that's just speculation.

To quote Dean:

All profit made on bankrolled games will be audited

I haven't seen any audit.

that's what i mean though

the thread where he was selling it he said " i want to pursue other projects" that's understandable, but closing down a dice site, to pursue a dice site within a years time.
i think the "project" he was working on may have been the ico and the tokens with such a short time frame, and how well thought out the ico was. It had more answers then googles FAQ page lol
but what did he have to gain from closing down a successful dice site, just to offer more revenue share





But there's no doubt the site is doing worse, tokens are worth alot less, and my reply to him last post "his argument is you should have nicely contacted him before calling him out" myself and others have had trouble contacting him via the contact emails, i think the only way i got his attention was calling him out in chat "and we didn't find a solution, because i called him out" , i never got my tokens from him to ever get a buyback, but i'm sure the op is right.

If he wanted to scam, his 2 best opportunities has passed, and hes playing the long con so he can get less? i don't think his intentions where to scam. more like losing interest,acting on impulse followed by tons of bad decisions. but that's my opinion, ignoring support inquiries because he lost interest, then posting bs like this

but none of them have posted and none of them have been in contact with me which I'm sure if they did actually lose money or felt they had they would be in contact.

there's no excuse for that and he has a history of losing interest quickly, and should have never asked for investments in the first place, because if i know it he definitely knows it.
And i also know that he will reply denying it, and somehow turn it around that i'm just out to get him like the others and then explaining how hes the victim.

But actions speak louder then words, and anyone that knows him, or wants to research his past post,web archives, etc will see these patterns.

he hasn't just given up those 3 sites, he has changed those sites, then did a 360 reverting them back countless times. that's why i said impulsive for those that didn't use the older sites, and thats kinda what hes doing now with the token swap.

[JollyGood]

Tbh i don't understand the point of this, before betking.io you had a different dice site with a bankroll of 1-2 million "i think" i don't know why you closed that and started an ico offering such a large amount of profits, and the old site had more players then you do now.

and before that you had pocketrocketscasino which wasn't no where near as big as these two, but imo it had the most potential. the "be the house feature" it was like moneypot 3-4 years before it was even created, and they where really popular in the beginning before they made a bunch of bad decisions.

So i can't understand how you went from "successful" to "losing money"


I'm sure if they did actually lose money or felt they had they would be in contact.

I joined the signature campaign and ill admit i entered the username wrong or something i don't remember, but i couldn't link my btctalk account. and just to be clear "linking my btctalk may be wrong" this was so long ago i'm not sure how it worked all i know is i read the instructions, saw i mistyped something and couldn't change it.  I wrote you 3 emails and didn't get a reply. i still had the betking avatar and sig on my account for 5-6 months and never got one reply.


Country restrictions
it's also shitty that "united states was banned 1-2months after launch"
i'm sure running 2 previous casinos you where aware of any legal troubles, that you could have investigated before launch.

So i'm sure you already knew that you where going to do this, and kept this information from investors, a big decision factor for investing in the ico.

The fact he scammed you when you participated in the signature campaign speaks volumes. He could easily have responded to your emails but thinks he is above everybody else.

[LoyceV]

Today, Burst Dice! 1000 dice rolls in just couple seconds! (archived) was opened, and several including including Newbies and senior accounts are shilling for BetKing.
I instantly received red feedback from 2 of them (archived direct link).

I wouldn't be surprised if the shills are getting paid (in worthless tokens, Lol ):

BetKing announced their Bounty Program by email on March 20:

Bounty Program
This week we launched our BKT bounty program on https://betking.io.
 
Participants can earn BKT every day by completing tasks to support the BetKing website.
 
These include sharing links on social media, posting in forums or inviting users to our Telegram channel ~snip~

Even though the bounty program is officially closed, I find it hard to believe so many users are all of a sudden endorsing a website that barely has any users.

[JollyGood]

Today, Burst Dice! 1000 dice rolls in just couple seconds! (archived) was opened, and several including including Newbies and senior accounts are shilling for BetKing.
I instantly received red feedback from 2 of them (archived direct link).

I wouldn't be surprised if the shills are getting paid (in worthless tokens, Lol ):

BetKing announced their Bounty Program by email on March 20:

Bounty Program
This week we launched our BKT bounty program on https://betking.io.
 
Participants can earn BKT every day by completing tasks to support the BetKing website.
 
These include sharing links on social media, posting in forums or inviting users to our Telegram channel ~snip~

Even though the bounty program is officially closed, I find it hard to believe so many users are all of a sudden endorsing a website that barely has any users.

There is more going on, you are right. More people are endorsing the scam website here than they have users there 

[JollyGood]

Serial scammer Dean Nolan broke virtually all ICO promises including about developing new games. This is a 99.999999% identical roulette game that serial scammer Dean Nolan used in the betking website before the pre-ICO and post-ICO, adding and removing when he wanted to. In April 2019 he added it again without making any reference to its past because it was not a "new" game.

Poor old "VG" whoever that is saying "The new roulette looks good". It is not new, it was coded before the ICO was ever conceived in 2016 and serial scammer Dean Nolan added and removed it as and when his mood swings dictated.

[LoyceV]

I'm bumping this thread to add Flags to the 4 known accounts owned by BetKing.

For contractual violations only, a scammer flag can be created. This is the only thing which causes the "Warning: trade with extreme caution" warning to return. It also triggers a banner similar to the newbie-warning banner which is visible to all users. A scammer flag requires 3 more supporting users than opposing users to become active.

A new scammer flag should be created for each separate alleged incident. In the spirit of forgiveness/redemption, scammer flags expire 3 years after the incident if the contract was casual/implied, and 10 years after the incident if the contract was written.

I'm not sure when exactly the buybacks stopped (and my Withdrawal History was removed).

Therefore, I'll use the starting date of this topic (March 2019) as the starting date for the Flags.

I'm also adding one more piece of evidence of contractual violations:

It says BetKing will offer to buy "up to 10%"

lol, nice attempt to weasel out of the deal. The "up to 10%" referred to if a user had X tokens, they could use "<= X/10" for buybacks.

I brought this up almost 2 years ago. This is what BetKing.io answered:

So what I meant is if someone wants to sell me 10% of their tokens I will buy them.
I can't say sorry I'm only going to buy 4%.

(archived)

When I opened this topic, the amount scammed was just over $700, worth almost 0.2 BTC at the time. Because my remaining BKB tokens would expire, I swapped them to BKT tokens recently, and sold them. I received about 0.0045 BTC for this.
BetKing is now promoting his site more actively again on Bitcointalk, which is all the more reason to Flag his accounts.

I ask all users who tagged the accounts to support the Flag. It needs at least 3 DT members to show a big red Flag on the accounts:

On my honor, I affirm the following: 1) This user violated a written contract, resulting in damages; 2) I have not been made whole by the user; 3) no existing flag covers this same incident; 4) this incident is accurately and completely described in the above topic; 5) the incident occurred roughly in the month given above. Furthermore, I promise to withdraw my support for this flag if this user makes me whole in the future.

Flags
Flag on BetKing.io
Flag on BetKing Support
Flag on PocketRocketsCasino
Flag on dean nolan

[JollyGood]

Flags
Flag on BetKing.io
Flag on BetKing Support
Flag on PocketRocketsCasino
Flag on dean nolan

This is an excellent post.

So many people added their voice to your voice in order to tag serial scammer Dean Nolan and his scam betking website.

Since the chatbox was removed from the betking website it seems as though the cronies hoping to receive free EOS BKT tokens by attacking people here have stopped and accepted the betking website is in irreversible decline but it needs to be kept on record that serial scammer Dean Nolan used his betking website as a vehicle to dupe investors via an ICO in 2017.

It must also be kept on record all the other scams he carried out using his scam betking website.

Scammer need to be exposed no matter where they are and what they do.

[BillyBurns]

  Look this forum is dying and it's filled with corrupt people like yourselves who have banded together to make false claims and assumptions based on no facts. All the people who came to Deans defense were not payed anything. I have explained this and many other things that you state as facts that are lies or assumptions and you just ignore them, and repeat it or block me. All you have done is tarnish Deans reputation with your lies and make it harder for investors to recuperate funds back, which is ironic since you act like you been concerned for their well being or even players well being, yet not 1 single player has anything bad to say. At the end of the day you have spent hundreds of hours and days  spreading lies to fuck everyone over. I hope you get what you deserve eventually!

[actmyname]

 Look this forum is dying and it's filled with corrupt people like yourselves who have banded together to make false claims and assumptions based on no facts. All the people who came to Deans defense were not payed anything. I have explained this and many other things that you state as facts that are lies or assumptions and you just ignore them, and repeat it or block me. All you have done is tarnish Deans reputation with your lies and make it harder for investors to recuperate funds back, which is ironic since you act like you been concerned for their well being or even players well being, yet not 1 single player has anything bad to say. At the end of the day you have spent hundreds of hours and days  spreading lies to fuck everyone over. I hope you get what you deserve eventually!

What the fuck?

He went broke trading alt coins, according to him he was tired of alt coiners making more gains than him so he started trading and he got liquidated for everything, this is not a lie I was told to keep hush but I ain't letting this dude get away with another scam, my 30k is long gone. Now the interesting thing  is to speculate is if he used ico funds to gamble on is bitmmex acc or otc trades. Fromm y point of view since the inception of Ico it seems he is doing everything in his power for it to fail.

Why did you have a crazy 180 change in opinion?Can you at least refute one of the claims instead of just saying they're false?

Show that they're false.

[BillyBurns]

It is the accusers job to prove, you show me proof, I don't have to do shit amigo.

[actmyname]

It is the accusers job to prove, you show me proof, I don't have to do shit amigo.

Unfortunately, that's the problem. You're not willing to accept the proof and you aren't willing to refute it. So what, stalemate?

Are you willing to at least address your post? Why would you call it a scam and then a few months later start abhorring scam accusations?

[BillyBurns]

It is the accusers job to prove, you show me proof, I don't have to do shit amigo.

Unfortunately, that's the problem. You're not willing to accept the proof and you aren't willing to refute it. So what, stalemate?

Are you willing to at least address your post? Why would you call it a scam and then a few months later start abhorring scam accusations?

First off I originally said I was "told" and as I have seen lots of lies have been told about Dean and betking for months, and 2nd of all that was my instant reaction and I was obviously tilted, after I spoke with Dean and found out that more than 50% of original ico investors were made hole, I was able to understand what happened. Literally there is not many of us that are from ICo left, and if you been following price of BKT you would know that the price has risen at a rapid rate, Dean is doing everything he can to make us whole and all I see is you guys spewing lies,breaking forum rules, stating opinions as facts. You think your hurting Dean with this bullshit? Your only hurting Investors Dean doesn't care if he doesn't make a cent going forward his objective has been to make us whole!

[actmyname]

-snip-

And you're okay with the buybacks being canceled.
Despite it being displayed on the ICO page.
Despite there not being any stipulation stating that it could/would be removed.
Despite having the resulting price of BKT be less than 50% of your original buy-in price.
Despite Dean stating that buybacks would continue both on and off-forum.
Despite the price calculation of tokens being a large part of the ICO.

https://bitcointalk.org/index.php?topic=4751127.msg51398125#msg51398125

[BillyBurns]

-snip-

And you're okay with the buybacks being canceled.
Despite it being displayed on the ICO page.
Despite there not being any stipulation stating that it could/would be removed.
Despite having the resulting price of BKT be less than 50% of your original buy-in price.
Despite Dean stating that buybacks would continue both on and off-forum.
Despite the price calculation of tokens being a large part of the ICO.

https://bitcointalk.org/index.php?topic=4751127.msg51398125#msg51398125

mismanaging doesn't = scam

Poker failed
Advertising failed
and Dean came from good place when he bought unhappy people out, your basically arguing that in any  shape or form Betking investors should not have lost anything despite how poorly the site did, so your basically mad because people didn't get a risk free investment. Show me where I can find risk free investment?

[actmyname]

and Dean came from good place when he bought unhappy people out, your basically arguing that in any  shape or form Betking investors should not have lost anything despite how poorly the site did, so your basically mad because people didn't get a risk free investment. Show me where I can find risk free investment?

You are strawmanning my argument. Do not twist my words to fit into a more easily-collapsible argument because that is a poor way of creating a rebuttal.

The site was absolutely not risk-free. However, the price formula was as follows:
fundsRaised / 70,000,000 + profit / 100,000,000

The original token price was set at $0.09286 / BKB.
Thus our formula is then $0.09286 + profit / 100,000,000The issue is that investors were promised buybacks which were then rescinded. How is that justifiable to you?

[marlboroza]

-snip-

And you're okay with the buybacks being canceled.
Despite it being displayed on the ICO page.
Despite there not being any stipulation stating that it could/would be removed.
Despite having the resulting price of BKT be less than 50% of your original buy-in price.
Despite Dean stating that buybacks would continue both on and off-forum.
Despite the price calculation of tokens being a large part of the ICO.

https://bitcointalk.org/index.php?topic=4751127.msg51398125#msg51398125

I will just drop this on top of that https://bitcointalk.org/index.php?topic=2897545.msg47592095#msg47592095
And there was something about canceling wagering contest and scamming gamblers.

I can only imagine someone winning national lottery and they say - "you have won $100M but we decided that we don't give a fuck about that. Here you go, a dollar. Now buzz off."