Something very strange is going on.
Last week Betcoin announced they were selling their company. Cool. The price of bitcoin is going crazy right now and maybe the owners are trying to cash out. I'm fine with that.
The problem is, Betcoin still has some pretty massive debts that need to be reconciled.
For example: the poker bonus chips. What is happening to these? With poker not being offered after today, there is no way to clear our bonus'.
Also, the XiaoXiao stolen rakeback. We were told that Betcoin was taking over the repayment of that...yet I haven't seen a single chip of it. Who is supposed to be paying back everyone who was stolen from now? I see that XiaoXiao is back to having an affiliate account, will he be paying back the people he stole from?
The disturbing thing is that I asked the above questions to Betcoin support, and my ticket was closed with no response. These are valid concerns that they are ignoring. Whoever is buying the site should be aware that there is significant liabilities that need to be reconciled before going forward. If they don't pay their debt before blowing town, those debts are then assumed by you.
I'm also concerned about the Bad Beat Jackpot. I have over 50,000 status points on Betcoin, that means I've contributed over 10,000 chips to rake lifetime on the site. That's over 10 coins or nearly $150,000 in rake I've paid. I'm pretty sure some of that has found it's way to the BBJ, I'd be pretty upset if that fund doesn't get resolved properly.