Quote from: actmyname on June 09, 2019, 03:55:56 PM

@marlboroza

These are the relevant parts of BetKing's stance on buybacks.

Quote from: BetKing.io on June 08, 2019, 04:08:48 PM

You are under the assumption that this was all a personal loan I got from investors.
It was an investment in a business. With all investment in any business there was risk.
There was no "deal". There was no "guaranteed" buybacks.

You do know that the price of the original token could easily have dropped to 100th of the original ICO price too right?

Quote from: BetKing.io on June 08, 2019, 04:44:52 PM

Where in your image does it say the word guarantee?
It says BetKing will offer to buy "up to 10%"

That sounds different than this:

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I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO.
There's not going to be any significant reduction in bankroll, max 10% every 3 months.
Yes I will then be making a profit on the tokens I hold, the ones not being sold plus the ones I buy back, that's pretty normal and how most businesses work.

Remaining token holders have the benefit that their tokens have much more value the longer they hold them.They can choose to never sell them back to me for many years or if the site was to be sold.

There's no dilution going on at all.

This:

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The buy back price will always be profit divided by 100,000,000 as there will always be that many tokens.
No tokens will be burned. Eventually I will hold all tokens at some time in the future, depeding on when holders want to sell.

This:

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My buy back price does not reduce after buying back. So if sa I bought 10% of tokens back for $1 or whatever after first quarter.
The remaining tokens are still worth $1 and then have the profit of next 3 months added on top of that

This:

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So what I meant is if someone wants to sell me 10% of their tokens I will buy them.
I can't say sorry I'm only going to buy 4%.
But a token holder doesn't need to sell their tokens, they can continue to hold.
Also token holders are free to make an offer to sell more than 10% and sometimes I might do so.

And now completely different model:

Quote from: BetKing.io on June 08, 2019, 06:37:31 PM

We actually have been buying at the lowest sell order for what it's worth which is currently 13 sats. It was 1 sat soon after launch of token so as anyone can see the price has been increasing very quickly all based on the fact that the new site has been bringing new traffic and players. Much more than the old platform did.

Quote from: actmyname on June 09, 2019, 05:12:19 PM

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A percentage of the profit made from bankrolled games will be used to buy back BetKing Bankroll tokens from holders.

Dean said he bough back 70% of tokens IIRC. He could have done this if site made $4.5M profit($6.5M raised on ICO, IIRC), but yet again:

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I did say that 600 btc (the bankroll funds since we made no profit) was used to buy back tokens. That is 600 btc that comes right out the bankroll.

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So when I changed to this model I owned 70% of all BKB (you lot seem to want to ignore that fact, 600 btc of the original funds was used to buy these tokens).

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Businesses fail every day. It doesn't make them scams.

Did his business fail? He was supposed to buy tokens with profit he made from bankroll...

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I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO.

...which he was supposed to use for "bounties, testing bounties, advisors, hiring, future marketing and development" anyway.

All this brings me to one question:

Quote from: BetKing.io on June 08, 2019, 04:08:48 PM

You are under the assumption that this was all a personal loan I got from investors.

Quote from: BetKing.io on June 08, 2019, 06:37:31 PM

as anyone can see the price has been increasing very quickly all based on the fact that the new site has been bringing new traffic and players. Much more than the old platform did.

Is site now mysteriously bringing traffic and players? What are the odds Roll Eyes