BetKing.io - 20% Rakeback Christmas Bonus - Most trusted Bitcoin Dice site

[JollyGood]

And no, people who are just unhappy with business decisions or that they didn't make huge profit from ICO do not count either. That does not equal a scam.

How do you draw the line between 'business decision' and scamming? Like say you issued and sold a shit load tokens that were fixed to a USD price that was guaranteed by you personally, and thus derive their value from that promise. And then say you cancel that promise (and thus complete the wealth transfer from investors to your personal pockets), would you consider that a scam or just a good business decision?

and again this reminds me of the RBIES promise from Moneypot/Dogedigital to buy back the RBIES for a Floor Price and then canceled the promise. this was a good business decision for Moneypot owners and a SCAM for the RBIES Holders. Scammers will always have excuses and Shills. Shame on them!

Of the many sad things about this situation, one is that the scammer still protests innocence and plays ignorant.

The usual games about "I said that but I meant something else" does not wash here. Scammer Dean Nolan scammed a lot of people over the betking ICO.

I suppose the saving grace for so many people was when scammer Dean Nolan used the "Crash" software without consent thus stole the 2 BTC licence fee that was due to the Bustabit owners (devans). Once that came to light you saw pure class from devans who just had not a bad word to say about scammer Dean Nolan though he accepted he had been scammed by serial scammer Dean Nolan. On the other hand, scammer Dean Nolan decided to attack RHavar and put the blame on him saying "You know we were under the opinion, wrongly, that we were able to use that code after discussing it with RHavar"

The fact scammer Dean Nolan decided to follow course and stand his ground even after being exposed by senior members of this community as a scammer and the fact he showed no remorse and did not accept his wrong ways means that whatever was left of his reputation is effectively in tatters. The betking website has no more than 20 or 30 online users at any given time. Stake, Primedice, Bitsler and several others are pushing innovation and the end is thankfully nigh for the betking scam.

It is clear betking is dying fast, using EOS tokens in the hope to lure 200,000 new users is a dream too far. Scammer Dean Nolan has himself to blame for the demise of the betking scam website and the root cause was his greed to return to the bankroll BTC funds back to investors and then use the 2017 ICO to get rich quick and keep a large share of profits for himself.

[JollyGood]

We should never forget his mistakes but at the same time we should also take in consideration the good things hes done before.

It's not a pro/con list where you check which side has the heavier weight.

Giving someone a pass because they have done X in the past is not a very wise idea, especially in crypto.

Exactly.

Just because the scammer Dean Nolan returned the bankroll BTC to investors in 2016 does not make him a saint. He returned something that he did not own. If he did not return the BTC he would be unable to have the ICO and would at some point be in jail. Simple.

Scammer Dean Nolan did it because he wanted to have the 2017 ICO to line his own pockets.

[game-protect]

We should never forget his mistakes but at the same time we should also take in consideration the good things hes done before.

It's not a pro/con list where you check which side has the heavier weight.

Giving someone a pass because they have done X in the past is not a very wise idea, especially in crypto.

Exactly.

Just because the scammer Dean Nolan returned the bankroll BTC to investors in 2016 does not make him a saint. He returned something that he did not own. If he did not return the BTC he would be unable to have the ICO and would at some point be in jail. Simple.

Scammer Dean Nolan did it because he wanted to have the 2017 ICO to line his own pockets.

Very well observed!

He returned the BTC bankroll to investors in 2016, because it was BTC for BTC. Thereafter he introduced his BKB fantasy token scam modell where investors gave BTC and received his BKB fantasy token. He thought with his BKB fantasy token scam scheme he is fine in regard to criminal laws, because his investors have a lower IQ range and are typically clueless in regard to legal things!

[JollyGood]

We should never forget his mistakes but at the same time we should also take in consideration the good things hes done before.

It's not a pro/con list where you check which side has the heavier weight.

Giving someone a pass because they have done X in the past is not a very wise idea, especially in crypto.

Exactly.

Just because the scammer Dean Nolan returned the bankroll BTC to investors in 2016 does not make him a saint. He returned something that he did not own. If he did not return the BTC he would be unable to have the ICO and would at some point be in jail. Simple.

Scammer Dean Nolan did it because he wanted to have the 2017 ICO to line his own pockets.

Very well observed!

He returned the BTC bankroll to investors in 2016, because it was BTC for BTC. Thereafter he introduced his BKB fantasy token scam modell where investors gave BTC and received his BKB fantasy token. He thought with his BKB fantasy token scam scheme he is fine in regard to criminal laws, because his investors have a lower IQ range and are typically clueless in regard to legal things!

That is the key thing here, I am glad you picked up on it.

The BKB tokens that were issued in the 2017 ICO were an intricate part of the scam. The whole ICO was designed in a manner to ensure scammer Dean Nolan would be guaranteed a massive cash injection which could be diverted to any source whereas the investors would be not really get much because the "profit" calculation and conversion to US$ was a disastrous move when people send BTC they effectively lost out since they would get $ back via BKB tokens which would never ever be worth more than the BTC they were purchased for.

[JollyGood]

. . .
snip
. . .
If you look for an honest, trustworthy guy search for RHavar's comments on the forum regarding BetKing.

I remember RHavar's post regarding a plagiarism issue which is indeed a very serious offense.

The issue here is that most of his mistakes are after returning the funds. Sure, he closed down the site and returned funds but are we praising him for just giving people their own money back and ignoring everything bad he has done and will possibly do in the future?

We should never forget his mistakes but at the same time we should also take in consideration the good things hes done before.
Probably use means wherein he would not have the full control to investors money, I don't know if he is using an escrow with this new investment system.

Thats the hardest part when you do already realized when its too late.You already messed up your reputation even you do already trying your best to rebuilt it but the trust wont really be the same for sure.

When you messed up, you live with the consequence of what you've done but never run away from it.

Scammer Dean Nolan has been exposed as a serial scammer and there is really no way anybody could be defending him.

[JapansTwister]

I played today and won a lot and these guys paid me instantly are you sure?

[JollyGood]

I played today and won a lot and these guys paid me instantly are you sure?

A newbie account that is created specifically to ask a question about betking here when it should be asked on their live chat?

Then a different account comes along with screenshots to answer and pump up the thread with positive connotations.

Scammer Dean Nolan is behind the account, if not directly then the lure of useless pathetic bounty certainly is  

Anyway, I have added you to my IGNORE list

[JapansTwister]

I played today and won a lot and these guys paid me instantly are you sure?

A newbie account that is created specifically to ask a question about betking here when it should be asked on their live chat?

Then a different account comes along with screenshots to answer and pump up the thread with positive connotations.

Scammer Dean Nolan is behind the account, if not directly then the lure of useless pathetic bounty certainly is  

Anyway, I have added you to my IGNORE list

What? im confused

[JollyGood$WhereMouthis]

Liar Liar Unhappyevil, Why you be always lying.

[JollyGood]

I wonder how long it will be before scammer Dean Nolan comes back to this forum after saying he was leaving... again 

[BillyBurns]

BEWARE !! betking is a SCAM

and its owner/operator Dean Nolan is a major SCAMMER

Now the owner/operator of this scam has resorted to using fake newbie accounts
and fake multi-accounts to support his betking scam by posting propaganda and to attack those that expose scammer Dean Nolan and his betking website

 [size=38pt]IF HE MAKES IT 10X BGIGGER AND ADDS COLORS IT MUST BE TRUE[/size]

[JollyGood]

Ah here come the betking brigade to defend the scammer all in the hope scammer Dean Nolan just might throw some uselss EOS token bounties their way  

At least another fool can be added to my IGNORE list

[BillyBurns]

How do you know? I think you make a a lot of claims you cant prove.

[JollyGood]

What happened to the 10% buyback of BKB tokens every 3 months? It now says this:

If you opt in to sell a percentage of your BKB balance will be traded for Bitcoin on November 1st 2018 at the BKB price and Bitcoin exchange rate on November 1st. Half of monthly site profit will be bought back in total. Everyone who has opted in gets equal percentage of total amount to be bought back. Prices shown above are estimates.

I've Opted in, but I don't think anything happened on November 1st. Is the 10% buyback entirely off the table now?

It is now:

* Monthly buybacks where half of the site profit is used to buy BKB
* Quarterly buybacks where the minimum bought back would total to 10% for the past 3 months

Quarterly buybacks are now entirely gone. I received an email labeled "Latest news, rebranding and BKB changes". In short: Half the profit will be used to buy back BKB tokens each month, and BetKing will rebrand from gambling to a Bitcoin bank/exchange. And under the name BitSafe they'll launch another ICO
I'd like to add a link, but can't find the email online. I'll quote the full email in code tags:

Code:

Latest news, rebranding and BKB changes

Latest BKB changes
 
We have tweaked the BKB buy back model.
 
Each month we will take the total profit BetKing makes from bankroll profit commission, trade fees on the exchange and 3rd party commission for licensing software.
 
Fifty percent of this profit will be used to buy back BKB at the current buy back price.
 
The tokens we buy back or earn in fees over the month will be burned.
 
The buy back price is determined by:
Previous months BKB price + (monthly site profit in $ / total BKB supply)
 
BKB was snapshotted at $0.099 on 2018-10-21 00:00 with 20 million of 100 million tokens burned, leaving 80 million.
 
What can BKB be used for?
 
The token can be used to get 50% discount on Bankroll profit commission when you invest BTC, ETH or LTC in our Dice game bankroll.
 
BKB can also be used to get 50% discount on trade fees on the BetKing exchange
 
BKB can be used to pay for withdrawl fees when withdrawing BTC, ETH or LTC to your wallet.
 
BKB can also be used to play Dice and get rakeback and prizes in our leaderboard contests
 
BKB can be traded on our exchange for Bitcoin
 
Future of BKB and BetKing
 
BetKing will be moving away from gambling and rebranding to become a Bitcoin bank, exchange and payment processor.
 
We have already began work on this and we will launch in q1 of 2019. See https://bitsafe.io for more details and a working demo of the app.
 
Once the new site is live BKB will be converted to BTSC (BitSafe Coin) automatically using the exchange rate of both tokens at the time.
 
BTSC has similar utility to BKB in that it can be used to pay trade fees, merchant fees and any other fees on the BitSafe platform.
 
BitSafe will also use 40% of it's quarterly profit to buy back BTSC on the BitSafe exchange.
 
We believe these changes are best for BKB token holders and our future success together.

I recall from memory many promises around BetKing's ICO, and many of them have been broken (for instance not reselling BKB tokens after buying them back, the quarterly buy backs, the promises to add more games, and more). I didn't believe the math behind the (lack of) details in the whitepaper from the start, but all details are fragmented in many different topics on this forum, and I don't have the time to dig it all up now.
If I look at betking.io now, the chat is gone, the site looks worse than it ever looked, and it doesn't look anywhere near what was promised in the BKB ICO.

My guess: Bitcoin dropped so much that BetKing can't afford the buy backs anymore, since the BKB price is fixed in dollars. Spending half the profit on buy backs is a joke, the site barely has any players.
I remember Dean wanted something new when he closed BetKing, because he was tired of dealing with it. The site was profitable and trusted when it closed.
It looks like Dean finally found a new project to work on, but he's largely destroyed his reputation in the process.

So effectively means that scammer Dean Nolan is incompetent both in business terms and in any other sense of the word.

[BillyBurns]

going through your post history it seems you have a grudge against the man, no rational human would be doing this day in and day out at the frequency you post. I think you need to get your head checked mental issue going on here.

[JollyGood]

big Po is good if know the stategy 99.9xx can out after 12k+ roll, i use seunji bot its work for all curency except bkt.

It works I think. Try setting it to BKB on dice pot.

Fools who prop-up scammers are not worthy of a response

[BillyBurns]

big Po is good if know the stategy 99.9xx can out after 12k+ roll, i use seunji bot its work for all curency except bkt.

It works I think. Try setting it to BKB on dice pot.

Fools who prop-up scammers are not worthy of a response

people who claim someone scammer 1000x and show no proof  are like boy who cried wolf.

[JollyGood]

I hope the information keeps coming in. It keeps piling up though it does take time to check and counter-check before it can be compiled as reasonable evidence which the police might be able to use when they interview this scammer.

Several users have come forward with information that really helps the case against scammer Dean Nolan his betking scam

Please keep information coming. After consultation with several members from this forum I extended the time period to hand the file to the UK Police.

If you provide any information your name will be kept private and your evidence will be forwarded along with my case file to the UK Police. Thank you.

[BillyBurns]

what information you got nothing because you have no evidence all you have is a grudge

[JollyGood]

I HOPE THIS PIECE OF SHIT IS NOT PLANNING TO COME BACK. WE ARE HAPPY TO HAVE YOU OUT OF THE GAMBLING SCENE. PLEASE DONT COME BACK. YOUR SITE IS RIGGD

 

Sadly RichGang he is being propped up by EOS token seeking fools BUT thankfully betking is dying a fast death.

Not much chance of others being scammed after the ICO debacle, the 2018 Christmas Wager 20 BTC +EV scam and several other things

betking is nearly dead. More users choose to go there to chat and tell scammer Dean Nolan how great the website is than actually go there to play. Averaging around 15-20 users online max at any given time and there will never be an inflow of 200,000 new users baited with EOS tokens as scammer Dean Nolan had hoped for.