Quote from: igehhh on June 24, 2022, 12:03:55 PM

Quote from: LoyceV on June 24, 2022, 09:24:55 AM

Quote from: dkbit98 on June 23, 2022, 06:35:42 PM

He was charismatic con artist for sure, and I think we saw many like him in altcoin, ICO and gambling space during last few years.

And the campaign managers of most of the altcoin and ICO scams got away without a scratch! What's the difference here? Royse777 was offered partial ownership, but it doesn't look like he had anything to say in the "company". He couldn't handle withdrawals and didn't have access to funds. Were should we draw the line?

He lied about going on a dinner date with the CEO in person; I believe he was aware that the company was broke, but who cares? He was only concerned with his own selfish interests; he was paid and he failed to conduct basic research; I regard him as a person who is easily manipulated. That's where the line should be drawn.

JollyGood didn't claim that there was a physical dinner date. JollyGood asked me to provide the source that I based my comment on. I can't find some piece right now because I cross-read a couple of threads and I don't exactly recall what place it was. I do think thought that @igehhh was the first to claim it at least in this thread.

Quote from: decodx on Today at 03:16:37 PM

Quote from: AnotherAlt on Today at 02:20:08 PM

It didn't mean to ask JollyGood. I quoted JollyGood posts because I agree with him and my question is the same. I asked that guy.

My understanding of online discussion forums is that when you quote someone and ask a specific question, you are addressing that person. I could be wrong, though. Wink

Quote from: AnotherAlt on Today at 02:20:08 PM

It feels like I am in Korea. LOL

In which one? Cheesy

But, let's stick to the topic.

Lol...

So maybe @igehhh has something to add regarding the dinner date.

On another note, there is a document circulating that really got me baffled. The user @teyttrs uploaded it after having an 11 day conversation with the mysterious CEO about getting paid, was suuuuper patient, and the last couple hundred lines ultimately proved what a scammer the unknown CEO is. Now the problem I have with this is: that user also was asked by others to calm down and there is no way people get scammed because "https://bitcointalk.org/index.php?topic=5395791.msg60055562#msg60055562" ("handled by Royse, regarding the discussion here about trust and so on...).

The unknown CEO is such a scumbag, even so stupid to have such a conversation with some unknown dude from the Internet, that I can't believe 1) someone like that person to run an Online Casino without 2) getting detected by someone with Royse' experience. She knows how all this stuff works, promotional campaigns, requiring funds for escrow and so on and so forth. She should have puledl the trigger earlier and warn all the community she appreciates, and that appreciates her so much... It is a sad ending and when I see how this unknown CEO communicates, Royse, if it is really true, how did this CEO talk to you without you getting suspicious when this CEO talks that way to everyone in PM?

There you go, I can't quote since the thread is locked:

https://bitcointalk.org/index.php?topic=5395791.msg60052582#msg60052582

That file is removed in that post, but whoever wants to have a look at it can find it in this post:

https://bitcointalk.org/index.php?topic=5395791.msg60053921#msg60053921

No joke, I really took the time and read it completely... I had the choice between hitting the gym or waste some time and chill. When I found this document while searching for stuff in response to @JollyGood's post, I thought I'll give it a read.

Part of my conclusion is:

Quote from: NotATether on June 27, 2022, 06:30:51 AM

You probably already know this by now, from this experience, but to everyone else, I will tell you from my own experience, Do Not Attempt To Launch A Casino By Yourself!

Casinos must be ran similar to responsible companies. Contrary to popular thinking, casinos have thin margins of profit, because their entire revenue depends on people losing the games in the long run!

So, if enough users do not use the site, or the crypto prices suddenly crash (it can be mitigated somewhat by converting the cold wallet storage to USDT, or USD in a bank, but the hot wallet must always be replenished at all times), you will run out of cash to pay users.

Also, crypto casinos in particular get abused by multi-accounters with no mercy, so if you cannot afford sophisticated, state-of-the-art blockchain fraud detection then you will be robbed by your own users.

In summary, if any of the below are not true:
1) You have incorporated the casino to avoid personal liability of debt payments
2) You have institutional lenders willing to loan your casino money (wealthy individuals do not count)
3) You have already installed blockchain fraud and DDoS/malware protection for your backend
4) You have enough reserves in hand to pay your staff and the hot wallet for at least 6 months in case of an emergency

Then DO NOT LAUNCH A CASINO for your own sanity' sake.

I do not believe that Royse777 had any negligent intentions when associating with the BitLucy owner, so I have opposed the flag (it would be better warranted on BitLucy the owner himself for not having enough funds to run a sustainable financial operation).

EDIT: Now that I think about it, I should probably suppliment the fake investor warning sticky thread in scam accusations to include warnings against this type of scam involving casinos.

And this is where I also wonder whether Royse did any research at all regarding the required skillset, be it technical, social, financial, industry experience etc. This unknown CEO from Bitlucy really had no clue what's going on. Links pointing to Betcoin.ag, wagering requirements totally unclear, no idea what arbitrage bets look like (you can read from the document I suggested above, etc. If I were to start a casino (which I won't unless I would find myself in a circle of proven experts for some weird reason), I would do tons of research. It's kind of a given in that industry. Especially when you partner up and buy shares in the company as Royse publicly said:

https://bitcointalk.org/index.php?topic=5395791.msg59956927#msg59956927

I mean, how does this all make sense? I know not everyone has partnered up with someone else and set up some contract or even a legal entity, but wouldn't you vest your partners beyond accepting fotos from Disney Land as proof of sufficient personal wealth in order to become the "biggest online Crypto casino and sportsbook on the planet." Quote was also from Royse, and I get all the enthusiasm when one is about to get something off the ground and is dreaming big, but come on...

I initially thought that Royse might have been scammed by a really, really clever person in a very sophisticated way. But after I read the document, and given that it came into existence through a chat with a person completely unknown to the CEO, neither "clever" nor "sophisticated" is likely to apply. Hence: gross negligence would be my judgment.

I stand by my word though that I would also support the possibility for Royse to get back on track. It is very true she doesn't owe any specific information to anyone, but that is her judgment as well. If she thinks that what she needs to protect from being known by others is more valuable, that is to be accepted. Other than that, I would still trust her as a campaign manager and even for some other things. But the harm has been done. When you drive too quickly, you get a red tag in a certain registry unless you have very, very good reason and can PROVE it! Other than that the red tag stands, and if you get caught again, things against you start to accelerate. Same speed but harsher penalty because there is this register that tells the driver to better not repeat what you have done wrong before. That is why I support JollyGood's judgment. Now someone might argue the registry doesn't apply because other drivers can't know whether the one in front of them has a big fat history with red tags.That is true, so we trust the police to do the right thing for us. But in this forum, there is no hidden police. It is the nature of forums like this that things are publicly discussed and publicly available when they involve public interest. If you ask me, the public interest is clearly given here, especially when people were still allowed to deposit while withdrawals weren't already functioning anymore. At let that is what I understand from the walls of text I read about the whole Bitlucy topic. Correct me if I am wrong, but deposits weren't stopped when withdrawals were already on ice. Big no-go!

When it comes @JollyGood, I have no personal relationship with him, never had any transactions with him or anything like that. I just started following him at some point because I liked that he cracked down on scam after scam AND he put effort into it. Not just distributing red tags as is sometimes claimed here by some, but certainly not by many... In my opinion @JollyGood is a real asset to the community. It is good to know that there is someone who really puts puzzle pieces together when there is something suspicious going on. Hardly anyone (if anyone at all?) would take the time and put in the effort. And in all fairness: he might really be on the edge in some cases, I don't know, I haven't studied them all (haha), but has he given away some clearly wrong red tags? Like, plainly wrong and arbitrarily? I'd be very surprised.