Quote from: RHavar on January 05, 2019, 01:39:49 AM

Quote from: LoyceMobile on January 04, 2019, 11:21:35 PM

Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.

Please tell me how I can sell them at the advertised dollar value.

I guess you can sell them on the on-site exchange, but the best offer is currently: 0.0000008 BTC which is only 3% (?!!) of the supposed face value. It's kind of funny how he can try pretend that investors haven't been screwed. When btc prices were higher than the "buy back price", he was more than happy to make a (personal) profit. And literally the minute things turned against him, he renegs.

I actually have chat-logs of him assuring me that he would be being doing the buy backs "even if btc goes to $1" and when I pressed him on how he could possible afford that, he told me has systems in place to sell btc immediately as the price went down, so he could make sure he has funds to pay his investors.

I strongly suspect Dean is actually insolvent. The supposed reason he wanted me to buy a large quantity of BKB him, was so that he could increase his long exposure to btc price, and that was just before the price crashed even more. When ever I asked him about using any sort of escrow structures or proving his funds, he would come up with bizarre (and sometimes contradictory) excuses.

Fast forward a few days, and he was willing to trash his reputation to screw Dan on a 2 BTC license fee (even after having raised millions of dollars for supposed costs). Tries to raise more money with a half-baked ICO. Then he goes on to screw investors with the buy-back cancelation, and now players with the prize cancellation.

Interesting story. Yeah, from what I've been able to conclude talking with others, he was a BTC bull to the max, basically taking everyone down with him. Pretty much as you say. Pretty irresponsible. Crazy because with just a tiny hedge at some point along the way he could have been doing extremely well.

While I've gotten screwed all over in crypto, one place I didn't is with Dean. I got in early when things were good, left around the beginning of his first ICO