Re: [ANN] BetKing.io ICO - Bitcoin Gambling website

Sorry Dean, but I still don't think this is clear. Originally you said that profits from the dice game would be paid as dividends to shareholders:

Quote from: BetKing.io on November 29, 2016, 07:47:54 AM

We will pay dividends as a share of the total profit (revenue-expenses) generated by BetKing in Bitcoin every 3 months.

but now you're saying that profits from the dice game will be added to the bankroll (ie. your 2k BTC):

Quote from: BetKing.io on December 13, 2016, 11:38:24 AM

Any profit/loss on dice game gets added/subtracted from bankroll.

Are you saying that the public's 30% share of the profits are paid out and your 70% share of the profits stay in the bankroll? Or how can I understand both statements at the same time?

It's hard to decide whether to invest with such confusing and apparently conflicting statements from you.

Acquisition of damn 2 kilobitcoins by ICO scam artist is nothing new to the town, is a risk-readjustment of the net capital: first he boasts of being trustworthy in public with funds he gets from da game, second he turns the tides and spits into ur face. That's normal for that kind of gambling business management.

It is not the usual practice, but given how small the costs are compared to everything else, it doesn't really make much of a difference

It's only unusual if you are thinking in terms of "investing" in dice bankrolls. Which is not the norm and not really investing.

This is how investing in businesses usually works.

Note that you would not only be getting a share of profit generated by dice but all future products

Well, not quite...it's a simple line swap in terms of a P&L statement, but if your expenses were ~30% of your revenues, then investors would have zero incentive to invest.