The reason Betcoin is not refunding people is because there is basically nothing to refund. A lot of people were getting 100%+ rakeback so the higher the rake the more they gained. You have to consider the amount paid back in VIP RB, 100% bonuses, 100% RB prop player programs, affiliate RB, tablestarter RB etc, all of which Twitchy failed to consider in his calculations.
Ok, show me your calculations then, I've asked you for them many times. I doubt you or Betcoin has even bothered to calculate anything.
I had already admitted that Betcoin made a mistake due to their inexperience in poker room management (to their credit they are growing exponentially wiser as time goes on). The reason Betcoin is not refunding people is because there is basically nothing to refund. A lot of people were getting 100%+ rakeback so the higher the rake the more they gained.
This is far from reality. Xiaoxiao has continually made derceptive comments like this and then refused to defend them in any way.
Betcoin has a table starter promotion offering 100% rakeback. At MOST 2 players from any table are eligible, because of the requirements - there are often going to be 0 or 1 players receiving it.
Xiao has refused to comment on the fact that heads up cash tables are not eligible for this promotion and Betcoin was taking up to 4 extra mbtc every time a hand went to the flop.
At the mid to high stakes, I estimate Betcoin was taking around 280 mbtc per hour from 10/31 - 12/9.
(Easily 100+ hands per hour, seeing 70% of flops = 280 chips/hr per table in over charged rake)
I've proven the rake was collected wrong during this 5+ week period, this is Xiaos comment which he refuses to elaborate on:
Regarding everything else you've said. No, I totally disagree with your claims. The rake did go higher briefly but was corrected.
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A small percentage of players were effected negatively but it's so minute that it's barely noticeable which is why those people aren't complaining or don't care.
This is just not true. Many players were unaware they were stolen from, and recently have been asking for a refund.
There have been talks of a boycott recently by a group of players. Here is an example of Betcoin handled one of the highest volume regulars on the site.
(read from bottom to top)
Dooglus summed up a great point on Betcoins forum by asking this question. Rather than responding to him, Betcoin deleted it.
The only thing I agree with is the fact that Betcoin probably didn't do this on purpose. Nearly every issue I've brought up has been a result of their incompetence. If they would simply admit their mistakes, and fix them - this wouldn't be what it is today.