Hi
I decided to make an official thread for investors of
https://betking.io here where I'll do a weekly list of investments with total invested.
Feel free to ask any questions, I may have forgotten something in this first post.
For daily and total wagered, profit, bets, invested stats visit
https://dicesites.com/betking to get data going back to November 2014.
To anyone new:https://betking.io has been open for over 3 years now and has become the most trusted and popular crowdfunded dice/casino site.
We have the most invested, the most wagered and the most profit of all crowdfunded sites.
At this time there's 7079 invested with 393,319 wagered and 6260 profit.
https://betking.io charges commission by taking 25% of the weekly profit (made from player losses) and 25% of the edge on wagered amounts at the time of bet whether the player wins or loses. The weekly profit commission is only charged on new profit.
The crowdfunded bankroll is used on the dice and social dice games. Everything else is funded by
https://betking.io To invest click on the site bankroll link on the left menu of the site or go here
https://betking.io/play#siteBankrollProof of funds:We used to keep all investor funds in one cold storage address so that investors could make sure their funds were still safe.
I decided to change to the method of keeping the cold storage addresses private as players were reporting that exchange sites like Coinbase were closing peoples accounts.
I know this is a massive red flag for potential new investors.
I have run the site for a long time though and built up a lot of trust and I am open to the idea of having a trusted member do an audit to prove I still have the funds every few months.
This was last done by dooglus on 7th July 2016
I sent dooglus a signed message from Betking cold storage addresses that he can verify and prove solvency.
I received a signature for a message that said:
'this is a betking cold storage address'
The address which was used to create the signature contains a little over 4500 BTC.
Dean tells me there's ~100 BTC in the hot wallet too.
So that's a proof of assets. For real proof of solvency we would also need to see a proof of liabilities (ie. investment amounts) to make sure that liabilities don't exceed assets. The danger is that there are 10 investors each having invested around 1000 BTC, so the total liabilities are over 10k. I'm not suggesting that this is the case, merely that it is possible if each investor doesn't have a way of making sure his coins are counted in the claimed total.
As dooglus pointed out above just because I show I own a certain amount of funds doesn't prove solvency.
So here is a list of all invested amounts over 0.01 (user id's removed).
Last updated 19/10/20161346.0143593
747.22452597
669.41942611
468.94999299
451.10990926
257.46333326
187.01218113
157.34373651
151.30173150
140.71509943
120.06837422
111.75655438
105.32987930
105.24590521
104.10928499
84.69446198
84.35526517
82.73238892
57.13066634
51.32114018
47.14814802
37.39862527
34.66730856
29.47010303
27.74936844
27.34174768
25.89806963
25.45465069
22.31892710
21.90848524
21.50203527
21.30597741
18.57367461
18.07136619
17.80485910
16.67733054
14.93098164
13.67702655
13.53214835
13.05845481
11.42781475
10.68404659
10.54039476
10.49566914
10.44722437
10.31280260
10.24626625
9.26902846
8.95672492
8.55640933
7.91316112
7.42961345
7.30486246
6.83041761
6.66876219
6.54013816
6.37266431
5.74126780
5.65399395
5.64252650
5.63303295
5.49838690
5.18172381
5.17996925
5.15990322
4.52636500
4.26488639
3.63861437
3.46602751
3.39602682
3.30978743
3.11218910
3.01674154
2.29970099
2.07170975
2.05866437
2.01217696
1.83228849
1.64548567
1.53241704
1.50700433
1.43672655
1.37215005
1.19616118
1.17511985
1.03753650
1.02589503
1.01347702
0.96664004
0.90525589
0.68116673
0.52778766
0.51591166
0.40831090
0.33602609
0.31219618
0.24855426
0.24245938
0.19231209
0.19215688
0.16531393
0.16493511
0.15570270
0.12143151
0.10076129
0.10032539
0.09475561
0.06191310
0.04020595
0.01478726
0.01231640
0.01230252
0.01216618
0.01005752