Some say that incident was akin to Royse777 being fooled/duped by a scammer in Bitlucy whereas others say it was mismanagement and negligence.
I'd say it was a bit of both. I'm not even sure Bitlucy intended to scam from the start, but it's obvious they tried to start a casino without having funds. They must have gambled on the first users losing a lot of money, and if that would have happened, they could have been successful and nobody would have known about the lack of funds.
I should have been clearer: "
Some say that incident was akin to Royse777 being fooled/duped by a scammer in Bitlucy whereas others say it was mismanagement and negligence on part of Royse777 (to get in to that situation)."
You are right, it is not clear if Bitlucy even intended to scam from the very beginning and it is also not clear if Bitlucy was created with the specific intention of an exit scam. If the latter was even true they amounts involved would not be worth the hassle in the first place.
It seems you are right again because they probably did not have the funds to actually start a casino in the first place and they hoped to make an income to cover any potential payouts based on initial and early customer losses. I agree, had they succeeded then it would never have been made public that Bitlucy was on the verge of collapse from day one of their operation and subsequent history could have been different but here we are.
[/quote]
LoyceV/JollyGood,
if I start a casino with 3000 in the bank, am I a scammer? If I start with 2000 in the bank, am I a scammer? 1000? At what point am I a scammer? When I don't process withdrawals anymore without proven history of doing so?