Quote from: JollyGood on June 09, 2019, 12:13:15 PM

Quote from: iluvbitcoins on June 08, 2019, 11:57:16 PM

This was a scam from the beginning, people just sided with Dean because he was reputable and cut him some slack (they assumed he was right, because he was a proven trustworthy person).

That is not entirely true. Yes many people believed him and cut him some slack as you say but not all.

Most of the people that "sided" with serial scammer Dean Nolan during that period were employees that were getting paid in bounty because they were promoting betking and the 2017 ICO using avatars and signatures in this forum.

I recall clearly getting attacked in 2017 by his paid trolls when I was highlighting everything that was wrong with the ICO and the whole project itself.

Quote from: iluvbitcoins on June 08, 2019, 11:57:16 PM

I have never seen on the ICO website anywhere listed that the investment is going to be USD pegged, until during the spike and that Dean made the claims.

How can USD peg in a cryptocurrency casino where profits are made in CRYPTO, not in USD, make any sense at all?

Our investment was the bankroll of a cryptocurrency casino, yet for some reason after BTC spiked our tokens were valued in USD.

Bankroll value spiked 3 times but our token (which is a share of the bankroll) remained the same.
It was pretty obvious it's going to be a scam.

Day 1 - Bankroll 7 million$, BKB 0.011$
Day N - Bankroll 20 million $, BKB 0.012$

One would assume, maybe, BKB is going to be good if BTC drops.
It did drop.
But surprise surprise, Dean renegged the tokens.
So, in a day, all your investor lost 2/3 of their investment and later on you reneg the token again to suite your own needs and scam the investors.

Even after all of that, it's like you don't want your investors to make their investments back?
You literally give away a 100 BKT for every 1$ wagered on the website, you give thousands per reply and involvement in your threads.

If I wagered 0.3BTC right now, I would get the same BKT amount that I got when I invested 0.5BTC in ICO time!
It's like you don't want us to earn anything.

And you still have the balls to keep writing on this forum and say things like no one has lost money on this?
Man, if I lost a dozen bitcoins in your project, I'd literally face jail time because I'd be really upset.

The whole ICO was designed to ensure serial scammer Dean Nolan would be the only winner.

Before the ICO he tried to sell the betking website on multiple occasions but failed. The when he saw that ICOs were becoming the "in thing" he decided to to have the ICO but do you know what his motives were? He went for the ICO because he was unhappy with the bankroll investors getting a large share of any profit the site was making so in 2016 he returned all the bankroll to all the investors and then shut the website down announcing he would be back with an ICO.

Some 6 months later in mid 2017 he re-emerged with his ICO plans but everything in the ICO was constructed in a way to make him rich without a worry about investors. For example, these were the statistics for the final audit:

btc - 1,046.60623396 ($4,811,039.536)
eth - 4619.11055426 ($1,622,277.817)
ltc - 856.08369263 ($67,211.1307083813)

Total $ = 6,500,528.48
BKB Initial price = $0.09286

The distribuition was clear: 50% of all funds were to go to the bankroll and 50% of all funds were supposed to be used for "marketing, promotions, SEO, design development, server costs and legal". Simple so you thought but there was a huge catch and in order to scam, a scammer can work in various ways....

According to the audit +500 BTC, +2250 ETH and +425 LTC were supposed to be used for the bankroll and in identical terms +500 BTC, +2250 ETH and +425 LTC were supposed to be used for "marketing, promotions, SEO, design development, server costs and legal" so if he was going to siphon-off funds from the bankroll it would have been spotted immediately by investors therefore he diverted 2017 ICO funds that were supposed to be used for "marketing, promotions, SEO, design development, server costs and legal" to his own pockets.

Of the 100 million BKB tokens created, 70 million were sold off to the public and 30 million were retained by serial scammer Dean Nolan for "ICO bounties, testing bounties, advisors, hiring, future marketing and development". The 30 million remaining were not supposed to be part of the profit distribution but serial scammer added them to the calculation too therefore diluting the profit of the investors.

Keeping aside the 50% bankroll funds, after he exhausted all remaining funds (theft diverted to his own pockets and misuse on misadventure and failings because of incompetence) he decided to turn his attention to the bankroll funds. +500 BTC, +2250 ETH and +425 LTC equivalent was sitting there but the betking website was on the verge of collapse so he decided a new scam. He used the bankroll funds to cash-in all his BKB tokens but could only do it if he did the same for all investors thus leaving what very little chance betking had to survive as almost impossible.

In the end, he diverted large amounts of the 50% of raised funds which were to be used for "marketing, promotions, SEO, design development, server costs and legal" for his own pockets as there was no way it was spent on "marketing, promotions, SEO, design development, server costs and legal". Apart from plugin in games using livetable affiliates and a pre-2016 casino game he tweaked and re-released after withdrawing it, he never spent a single cent$ on 'design development'. He expects people to believe he spent +500 BTC, +2250 ETH and +425 LTC on "marketing, promotions, SEO, design development, server costs and legal"? That would have been over $3.25 million at the time. Even the most incompetent of business owners would have used just a few thousand USD$ to hire a few coders and create a new website from scratch but serial scammer Dean Nolan is as pathetic as they come.

Then let us turn to the matter of the 30 million BKB tokens that betking retained for "ICO bounties, testing bounties, advisors, hiring, future marketing and development". That was another get-rich-quick scheme for this serial scammer. He sold those tokens in the scam "bankroll funded buy-back scheme" and diverted the funds to himself.

He broke ICO promises by not fulfilling them. Not a single new game was introduced or created. He then misused funds due to sheer incompetence on so-called development that nobody ever saw the benefits of then did the ultimate betrayal with out-and-out theft by siphoning-off funds for his own back pocket.

This pathetic imbecile made millions for his own pockets by siphoning-off ICO funds all because he felt he could operate with impunity and make unilateral decisions and nobody would (or could) hold him to account.

He tried to close betking down in late 2018 and open his next scam "bifsafe exchange" which looks like a $50 off the shelf turnkey project, which he claimed was custom coded. He wanted to convert all BKB tokens to the bitsafe tokens and close betking down but as he was looking to raise (wait for it....) USD $10 million it was bound to fail.

After he had his tail between his legs and put his "bitsafe" idea back on the scrapheap he then scammed winners of the 2018 Christmas wager out of 20 BTC +EV by citing "cheating" that never ever took place. He miscalculated the odds and did not expect that many people to bet so he scammed winners because he did not want to pay out Roll Eyes

Then he went for the EOS tokens and created 10 billion BKT tokens. For some reason he unilaterally decided his value to the betking project was 10% of all BKT tokens so he kept 1 billion for himself. Of those 9 billion no doubt several hundreds of millions at the minimum will be diverted/siphoned-off for his own pockets through the "Awarded for promotions" loophole

Serial scammer Dean Nolan is alone to be blamed for the debacle and utter failure of the betking website.

AT NO POINT DID SERIAL SCAMMER DEAN NOLAN OFFICIALLY HAVE ANY OF THE 2017 ICO 100 MILLION BKB TOKENS CREATED ESPECIALLY FOR HIMSELF OR "THE TEAM"

THE ONLY WAY HE COULD HAVE OWNED ANY BKB TOKENS HIMSELF WAS IF HE ACTUALLY PURCHASED THEM EITHER PRE-ICO OR POST-ICO USING HIS OWN PERSONAL FUNDS JUST LIKE ANY OTHER INVESTORS WOULD DO.

SO HOW DID HE END UP MAKING MILLIONS OUT OF THE 2017 BETKING ICO WHILE THE WEBSITE ITSELF NEARLY COLLAPSED?

SIPHONING-OFF FUNDS IS THE OBVIOUS ANSWER

So you lost money in an investment. Doesn't mean it's a scam. Stop crying like an obsessed schoolgirl and do something positive. You'll feel better. Really.