Quote from: BetKing.io on March 22, 2019, 09:59:22 AM

Oh no, red trust that means nothing on a cesspit of a forum full of scammers, liars and trolls.

I like to think my red trust means something. There's a reason I'm the second most included user on DT1 Trust lists.

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@Loyce - I didn't respond because your post has so many lies (posting jolly goods posts as evidence?) and assumptions you made wrongly (last buy back was a year ago?). You all twist my words every time I reply to anything and then use some random ambiguous claim as the start of your next smear campaign.

That's what you think this is? A smear campaign? The damage has been done by you, and you alone. Don't shoot the messenger.

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You can give me -9999 trust all you want. Doesn't make a difference.

I can't give you -9999 on my own. That's not how the trust system works. But it probably won't make a difference indeed: -30 is pretty clear, you've completely lost the very good reputation you had a few years ago, and managed to make all users abandon a once popular online casino.

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If you had have stuck to a civil discussion by email then I could have easily explained everything to you and point our where you were wrong and how things worked and helped you but guess you needed the attention here.

You did give me permission to post your emails, so let me do just that:

Email 1 (mine) March 14, 2019

Quote from: me, March 14, 2019

Howdy Dean,

Since your new EOS/BKT adventure doesn't appeal to me that much: can I
sell back the BKB tokens I still have (in my Betking account) at
$0.099 a piece, so my BetKing token holder adventure ends?

Thanks,
Loyce

Email 2 (BetKing)

Quote from: Support<support@betking.io March 14, 2019>

Hi
You can trade your BKB to BKT on the site at a ratio of 20 BKT per 1 BKB. We buy back BKT every hour on our exchange from the profit on casino and exchange in the previous hour.

Just so you know, there was 600 BTC used of the initial ICO fund to buy tokens back. I owned 70% of all BKB before releasing the new token on BetKing.
17% more have converted to BKT and are happy with the direction the new site is going, despite me clearly, which I've been open about, making some bad business decisions in the past year.

So, where is the scam? There's only about 13% of all BKB that has not been bought back using our initial ICO funds, since we didn't make profit, or converted to BKT. I imagine a lot of that would be bonuses and bounties that will never be reclaimed either and some people who just haven't checked back on the site in a while.

Still a scam yeah?

Do you know what would have made your tokens more valuable?
Helping to promote and support the site instead of accusing it of being a scam constantly in the forum.

Email 3 (mine)

Quote from: me, March 14, 2019

So you're saying I can sell $700 BKB tokens for $8 LTC?

Email 4 (BetKing)

Quote from: Support<support@betking.io March 14, 2019>

I'm saying have some sense for a minute. Or crawl back to the forum and post all this, I don't really give a shit.

Any normal person would know to hold and sell when price goes up.
It's obvious we were going to have dumpers right at start with the promos.

If you decide to sell for less than you put in that is your own fault not mine

I think I've been pretty civil, and there was no offer to "help me".

Quote from: StackGambler on March 22, 2019, 10:11:59 AM

This wasn't a very clever or well thought out scam at all... any person, especially in the crypto world, who guarantees that a token won't fall below a certain point is probably scamming.

It could have worked out, of BetKing would have used the funds as promised and kept a dollar amount. I guess I was slightly naive there.

Quote from: BetKing.io on March 22, 2019, 10:16:28 AM

If he has the BKB he can't have lost money. If he sells or trades it and sells at a low price now then he would lose money but that would be his decision

So you're saying you don't lose money at all if something drops 99% in value, as long as you don't sell the worthless token? With the same logic you can create 100 million tokens out of thin air, and say it's worth millions! O wait, you did Shocked

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Instead he wants attention and just shouts scam

Lack of attention is the least of my problems Tongue

I don't just "shout", I've provided several links with enough evidence to convince people.

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(note Loyce didn't even buy tokens in the ico, he got them from bounty)

Hey, I predicted this:

Quote from: RHavar on March 21, 2019, 08:21:22 PM

Quote from: LoyceV on March 21, 2019, 06:54:42 PM

No, he told me by email a week ago that I can sell tokens at BetKing's exchange. The 1% is based on my math.

Or do you have a loophole "They only lost bitcoin! Bitcoin is not money!" Roll Eyes

Quote from: LoyceMobile on March 21, 2019, 08:27:08 PM

I think the loophole is going to be that I didn't buy the tokens. But if that's the excuse, it means apparently some tokens are more equal than others.

Quote from: StackGambler on March 22, 2019, 10:35:46 AM

Alright, I apologize for coming off as aggressive. From Loyce's post, I ascertained that you promised that the token would not fall below the ICO price. I guess that statement from his original thread is wrong. Thanks for the clarification, once again.

This is correct, I used the wrong term. I should have said "pegged in dollar" instead of "fixed dollar price". I've changed it in my OP.
The dollar-value of BKB-tokens varied slightly depending on the site's profit. However, the latest value I've seen was $0.099 per BKB token, which is what should have been used for the quarterly buybacks at that point.
Because the evidence is scattered over several long topics, it's a lot of work to cover all the details. Let me quote this:

Quote from: https://bitcointalk.org/index.php?topic=2053407.msg20470774#msg20470774

The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).

Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.

Since the site didn't have many players, bankroll profit was small compared to the total ICO amount. Note that any expenses other thank bankroll profit (or loss) shouldn't influence the token value.