Rare sighting on this thread ! Thanks mate for all your work.

https://www.tradingview.com/u/PentarhUdi/
A public update for your english followers ?

Coming from you, I am quite surprised that you missed that it is exactly what Betcoin.ag did (and as far as I know, Nitrogensports pledged to give back the BCHs to their customers but has yet to make good on their words).

Worse than that, at no point did they advise their customers to cash-out before the fork to split by themselves their BCHs. Betcoin.ag just said they will act in the best interests of their players and... kept all the BCHs for themselves.

https://bitcointalk.org/index.php?topic=2152902.0

On a side note, it seems to have very little to no backlash towards gambling BTC sites that pulled that move. Probably, because most of the people who got stolen from did not know better to start with (or else they would have cashed out before the fork) so they are not even aware that those BCHs are theirs.

Sadly I expect when/if a next hardfork occurs, more annon BTC gambling companies will try to get away with stealing since it seems - no uproar at all from the community - that there is no repercussion to their action (exchanges would never do that as they would get sued right off the bat).

Not sure you just like to contradict people or that you are here for the sole purpose of creating white noise.

Either way, one last round for me and I will stop wasting my time with you.

Apparently the same one as a Columbia Law professor, Tim Wu.
https://en.wikipedia.org/wiki/Tim_Wu
https://twitter.com/superwuster

If you correctly read my OP you would see my link to a Coinbase article where it states the Wu's POV about BTC/BCH and Coinbase.
You are apparently too lazy, so here it is:
https://i.imgur.com/hA9JmRU.png

https://bitcointalk.org/index.php?topic=1903130.msg18971049#msg18971049
(at the end of my post)
You can put anything you want in ToS. If it contradicts the law, it would be reputed null and void.

No need for that to be so specific. Property law 101.
I let you read about "usus" "fructus" and "abusus".
BCH here is the fructus of BTC. Hence as the owner of the said BTC, you are entitled to its product (BCH).

Indeed, no source for that. They would have been idiots to admit it.

1) I am not impacted by this. I stopped holding funds on Betcoin since May.

2) ToS mean nothing in regards to the law.

3) No, when you upload funds you don't transfer ownership. That's exactly the reason why Coinbase did a 180 because they were gonna get sued left and right.

@Nitrogensports

Last time you answered me you linked me to a blog post of yours about your new rake scheme.

https://i.imgur.com/6tnGegh.png
https://nitrogensports.eu/blog/lower-poker-rake/


Yet, one month later if we go on the rake rules; we still see the old rake scheme.

https://i.imgur.com/2LINr4W.png
https://nitrogensports.eu/poker/rules

What price exactly your customers are paying ? The new rake on the blog post stating it will activate on August 1st or the one under the "rules" section of your site ?

On a side note, it will probably be a good idea to rework your website so that such important changes are being put upfront when your players enter the site, instead of having to find out changes in price (even if this one was working in favor of the players - still not enough by the way as I explained to you before) by finding an obscure blog post entry.

After August 1st and the Bitcoin fork, Betcoin.ag did not give any BCH to their rightful owners. Since then, they are avoiding and / or deleting any question about the payment of the said BCHs to the players who kept their roll on site during the fork.


Here’s the statement pre-fork from Betcoin on July 29th :


https://i.imgur.com/geZr4MJ.png
https://www.betcoin.ag/bitcoin-hard-fork-our-position-service-will-run-no-restrictions



At not point during this statement, they explicitly talk about what will happen of the players’ funds BCHs created during the fork.

At no point during this statement, they advise their players to cash-out before the fork and cash-in after so they can split on their own their BCHs.

Worse, by saying 2 times that they will act in the best interests and do what is right for their players they are hinting that players’ funds integrity are safe, which includes the BCHs.
One thing for sure is that the best interests of their players and Betcoin doing what is right for them, certainly do not include their players getting robbed of their BCHs.

Most exchanges gave their customers their BCHs on August 1st, all of them will in time (last one being Coinbase on January 1st ’18).
As for the other BTC poker sites, SWC.eu already gave their players their BCHs and Nitrogensports.eu has pledged to the same.
Only Betcoin.AG saw an opportunity to steal from their customers.

And yes it is stealing, as a customer when you upload money to a site you are still the sole owner of the funds. The site just holds them for you.
Thus, you are entitled to the fructus of your ownership.
You can read more about the law here: https://cointelegraph.com/news/snubbing-bitcoin-cash-against-common-law-may-lead-to-legal-troubles-for-coinbase
which lead to the Coinbase reversal decision to finally give all their customers their BCHs even if they don't support BCHs yet on their site: https://cointelegraph.com/news/coinbase-flips-on-bitcoin-cash-decision-promises-support


To add insult to injury, Betcoin is now bragging about being… the biggest BCH gambling site !


https://i.imgur.com/aAKiH6u.png
https://www.betcoin.ag/bitcoin-cash-bcc-bch-casino-sportsbook-betcoinag

@nitrogensports

On the Security Matter.

Your “security team” has been proven worthless. No shocker here (well a bit, because not being capable of catching collusion – the easiest form of cheating to catch - on micro stakes is the worst I’ve ever heard of), most poker sites do have incompetent staff when it comes down to the integrity of the games.

Most of them don’t think it is a field worth putting money on, whereas it is the most important thing for a poker site along with keeping the players’ money safe.

That’s why poker sites HAVE TO give the players the ability to check the integrity of the games by themselves and there is only one way: let them download their HHs in a tracker compatible format.

All biggest cheating scandals in the online poker industry have been unveiled by players using HHs and trackers (UB cheating their own players, Pokerstars PLO BOTs rings, 888/Partypoker BOTs…)
Even when a poker site has a competent staff, they can’t/won’t reveal everything (see again Pokerstars PLO BOTs ring).

Question: Why are you still refusing to let players double check the integrity of your games by allowing them to download HHs in a compatible tracker format ? Too afraid of what they could reveal with proper tools ?


On the Rake Matter.

Your rake is outrageous.

Let’s take some examples.

On your 100NL Table              Rake HU 4% capped @1mBTC ||  5+ players 4% capped @5mBTC
On average on FIAT sites        Rake HU 5% capped @$0.5     || 5+ players 5% capped @$3
Your rake % advantage is gimmicky when your caps are so high.

In term of units:
HU cost up to 2x more to play on Nitrogensports than on most FIAT sites (1 unit instead of 0.5)
5+ players cost you up to 66.66% more on Nitrogensports (5 units instead of 3)

Now convert that into dollars (let’s take 1 BTC = $2500):
HU cost you up to 5x more on Nitrogensports (caps @ $2.5 instead of $0.5)
5+players cost you up to 4.16x more on Nitrogensports (caps @ $12.5 instead of $3, $12.5 cap really ?!?)

Note: Obviously the higher you play, the “up to” becomes the actual rake you do pay since you can cap every time you enter a flop (starting around 200NL).

One of the biggest cost of a FIAT poker site is their processing fees, in comparison yours are close to none since you’re using Bitcoins.
Given that + no KYC + no regulation costs, a Bitcoin poker site should always have a lower rake than any FIAT site. Yours not only is not, but at any decent stake; your rake is way higher.

Question: Apart pure greed, how can you justify such a high rake ?

Nitrogensports has a very good reputation when it comes down to sportsbook.
Unfortunately, in more than 18 months timespan your poker offering has not evolved.

Your shortcomings are still the same (lack of security and no will to give players the tools to check by themselves the integrity of your games / one of the most highest rake on the market).

There is a very sad state of Bitcoin poker offerings, sadly it does not seem you are anywhere to change that fact.
Far from it actually.

Betcoin just announced their decision regarding Xiaoxiao, it is quite hard to follow what the future holds for Xiaoxiao revenues (more details below) but one thing for sure, right now players/Xiaoxiao's clients are getting fucked over.

https://www.betcoin.ag/xiao-rakeback-update-thread

Imgur: https://imgur.com/a/9RAM0

https://imgur.com/a/TM7LU

https://imgur.com/a/IM9XE

https://imgur.com/a/WhlUh

https://imgur.com/a/rTg5L

Multiple points here:

1) Xiaoxiao affiliate RB program has apparently ended on the 30th of April without no one knowing it.[/color]
Betcoin is promising that the funds up until 30th April will be paid by Xiaoxiao, why up until 30th April whereas Xiaoxiao announced that he did scam his clients on the 6th of May ?
https://bitcointalk.org/index.php?topic=1612688.msg18891364#msg18891364
https://imgur.com/a/dlt8D

2) After having paid his debt (debt owed up until 6th of May and certainly not up until 30th April), is Xiaoxiao receiving 40% of RB of his clients ?
What Betcoin is saying is contradictory and so, on multiple occasions.
"Additionally, we are removing Xiao as an affiliate from the players over the next week"
"Any earnings will be paid back to the players first until complete. At that point his players go back on the normal affiliate deal. He has performed a tremendous amount of work in bringing in the players"

1) + 2) Xiaoxiao's clients will not receive anything after the debt is paid, forbidding them to change affiliates and forcing 40% of their rake to go for life to the thief who stole their funds ?
"the program has ended and no additional rakeback will be received outside VIP rakeback"
"any funds collected in rakeback go back to the players until the players are paid in full and at that point Xiao is on a regular affiiate deal as any other affiliate and the same as Grindabit. Betcoin does not receive anything from this and it becomes the same affiliate relationship ever other player and affiliate shares at Betcoin."

Some things to remember.
a) Xiaoxiao's 33% RB was for life.
https://bitcointalk.org/index.php?topic=683727.msg15681692#msg15681692
https://imgur.com/a/Z1Lvo


b) Xiaoxiao had for a long time a special deal with Betcoin that allowed him to offer way more than any other affiliates.
Starting August'16 he was still receiving 40% RB, which is the top of the Betcoin affiliate scheme.
Xiaoxiao never was "just an affiliate", he always had special ties with Betcoin (or else he would not have his special affiliate deal).

c) Betcoin itself, said publicly that Xiaoxiao was trustworthy.
https://bitcointalk.org/index.php?topic=424598.msg10672459#msg10672459
https://xlihxe73.imgur.com/all/
https://bitcointalk.org/index.php?topic=424598.msg10672459#msg10672459
https://imgur.com/a/xDCir


I suggest every Xiaoxiao's client to cash out of Betcoin, as I'm doing, considering not only we got stolen from by Xiaoxiao and now Betcoin through his special affiliate are reneging our RB deals while, apparently, let the thief got his shares of our rake for life.
This is unacceptable.

I can confirm that Xiaoxiao did not pay me since 03/30/17.
That payment being for the week of 03/06/17 to 03/12/17.

The fact that he, once again, locked his own thread - and according to multiple players not answering his PMs - speaks volume.


[EDIT] Since Xiaoxiao came clean now it is time for Betcoin to act on the matter.
Betcoin needs to terminate XiaXiao position as an affiliate (their main one, the only one with such a deal for years) and find a permanent solution for all of his clients.

I'd advocate to lower the rake by 33% for everyone and terminate all affiliate deals (always better to lower the rake across the board than giving special privileges) but if Betcoin still wants to keep affiliates then, either:

1) Put all Xiaoxiao's clients under Betcoin itself with the same 33% deal and with the assurance to always keep the best deal out there as it was the case with Xiaoxiao

2) Allow ALL affiliates to get a 40% deal on poker (top rewards of Betcoin affiliate scheme) and to distribute as they see fit among their clients.
It will allow what should have been done in the first place: that all affiliates fight among themselves to promote the site without fucking over their clients because they had not the possibility to offer as much as the main affiliate who had a special deal with Betcoin (Xiaxiao).


---------------------------------------------------------------------------------------------------------------------------------------------

And since probably a lot of regs will read this thread, please try to raise awareness and put pressure on Betcoin Management so that they finally take action against the BOTs (mostly known: Durrr aka Duremar22 and 8Microman playing from 50NL to 200NL)
It's an ongoing fight since 1 year but I feel a bit alone on that one.
I wrote some posts on Xiaoxio's thread - but now not sure if his thread will stay alive - since Betcoin, as per usual, did delete my post about the subject on their BTCtalk thread.

Here are the posts on the matter:
Post 1: https://bitcointalk.org/index.php?topic=1612688.msg16861058#msg16861058
Post 2: https://bitcointalk.org/index.php?topic=1612688.msg16874992#msg16874992
Post 3: https://bitcointalk.org/index.php?topic=1612688.msg17189780#msg17189780
Post 4: https://bitcointalk.org/index.php?topic=1612688.msg17199629#msg17199629

I already explained myself here : https://bitcointalk.org/index.php?topic=1612688.msg16874992#msg16874992
And it has nothing to do with "gut instincts". But you can choose to believe I am FOS like you’re hinting I am.

As for what I expected from Betcoin is that they actually used their DB to confirm what I already knew was true.
If they thought I was FOS like you think I am, they would have told me outright. They did not. At all.

But when after 2 months, Andrew was still telling me that they were on the case and they were still compiling DATA… well, that is pure BS.
It doesn’t take months to put up all the hands you have on a player and do a security check on a suspected account. Especially when you already know what you’re looking for.
Or that speaks volume about the Betcoin “security department”.

And that’s the core of the problem. It’s either they are incompetent or that they choose not to do anything against these BOTs because all that they can see it’s them filling up tables.

We’re talking about a site, Betcoin, which used house BOTs to fill their tables during months after they launched. Those house BOTs were operated by “Gadhafi” the former owner of the scam site SatoshiPoker [Source: “Ghadafi” himself as he talked openly about it in chat, multiple times].

Giving this track record, thinking that Betcoin elects to do nothing against these new BOTs is not far-fetched…

Is that your “gut instincts” ?

Facts:
•It’s been 6 weeks TSRB has disappeared
•According to Andrew there is no timetable for it to come back

Consequence: At this time, your OP title is false advertisement.

One month later, any more thoughts you want to add on the subject ?
Did you even tackle the subject with Betcoin mgmt ?


That's not at all what Andrew said on the subject.
https://www.betcoin.ag/betcoin-poker-table-starter-maintenance
They have no plan to bring it back. And even if some day they do, that would only be limited in time and only some players could benefit from it.

Time to change your OP title, you no longer can offer up to 133%RB to your players.

For the players who are ready to play HU and create action, they are just left with having to pay a ridic rake (2x CAP compares to industry std, for those who plays high enough that means up to a 2x rake - even your RB + VIP do not make it up for it) and anyway most of the time nobody wants to play you.

When you finally manage to create action on a table, a BOT might join. If like me you refuse to play it, well then you would need to wait again that someones wants to start a new table with you.

In a nutshell, you spend your time waiting without playing.

But I guess Betcoin is ok with the situation, they don't have to pay for TSR anymore and since they don't intend to do anything against the BOTs they still have them to fill the tables - without them asking for anything - during CET time which is the deadtime for US players.

I thought it was more likely to be sheer incompetence, at this point I'm starting to think it is at least a guilty silence.

@Xiaoxiao I thank you for taking the time to write a long post concerning this issue.
However, it seems to me that you’re quite a bit out of touch / rather naïve concerning this BOT issue.

1)  Support.

You obviously won’t take shot at them but during the 6 months of my correspondence I can assure you that at no point it seemed to me that the management had any asset in its team that would be competent enough to even grasp the BOT problematic.

And they clearly won’t take measures to change that – it would cost them time and money - because they can’t grasp how this matter is of the utmost importance.

As I told them, the 2 pillars of a poker site: / Guarantee the players’ funds are safe.
                                                           / Guarantee the integrity of the games.

2) Your view on BOTS and botting in general.

It is at best outdated. The fact that you go as far as to say that collusion is a higher threat than botting is astonishing.

You probably should check some threads about it on 2p2 like:
http://forumserver.twoplustwo.com/28/internet-poker/888poker-safe-haven-bots-1554591/?highlight=
Or any threads about individual Site / network in the “Internet poker” section and you will see all the BOTS spotted that did get banned through players action and, sadly, all of those who do run wild to this day.

You seem as well to fall into the trap of dismissing BOT issue by saying that good players can beat them. It does not matter.
The fact that good players can still beat – actual – BOTS is irrelevant. The problem of them being losers or not pre-RB against a tougher competition is not the problem at hand. The issue being that they are winning against the RECS and therefore hitting the liquidity of each site.
In doing so, they hit by ricochet every player: top / good / BE / bad ones.

Now, you are as well at best quite naïve if you don’t think that botting is not making huge improvements each month goes by, integrating results of offline work using solvers (and I’m only talking about the public ones there) that are now available for everyone to work on their game.
When the day comes where public computers will be able to run solvers in real time, it will be the end for everyone. Online poker would be dead af as online chess for money is now.

The fight against BOTS must be taken place now or it will be all over in a few years. That means that each site needs to invest a lot of resources to fight this plague.


3) BOTS at hand on Betcoin.

You’re right that if you use only stats then you need a huge sample size for each account. However, if you read my post I have been quite clear about the fact that I did not use sole stats to spot them.


If I go too much into specifics, new accounts will pop-up in the next month and I would have to find other BOTS failures to spot them. Rinse / repeat.

My goal, as I already said, is to raise awareness about the issue. If you’re a competent player you probably already had your doubts, if you’re more a rec player then you just have no clue about what’s going on.
Once I spot them, I don’t play them anymore.
If everyone is ready to do the same and create new tables instead of the ones where the BOTS are playing, it would fix the issue by itself. Just a bandage on a more broader issue, indeed, but that’s the best we can come up with as players if Betcoin management do not intend to act.


What I can bring as a beginning of proof by sole stats - as I think the BOT maker would have a hard time changing that unless rewriting everything on how it plays its ranges -  is the fact that the 3 of them seem to have a WAY HIGHER Agg Freq. OTT than any other reg. This stat is gonna as well converge faster than some others.


The BOT at hand seems to be a variation of this one:
http://forumserver.twoplustwo.com/showpost.php?p=50432578&postcount=16930

Confirmed by Lessu (who is quite the authority when it comes down to the fight against BOTS) who also said that he already found 2 different profiles for that particular BOT.
http://forumserver.twoplustwo.com/showpost.php?p=50433329&postcount=16932


My sample size is way too small for the other stats, BUT for the Agg. Freq. OTT, which again should converge faster, I can hint that for all the 3 accounts suspected the number is over 50%.
Filters on: 4-6 players (so that HU and 3handed stats do not interfere in the aggression results).
Durrr (548 hands and 66 occurences for that particular stats)
http://imgur.com/gni1qyv
8microman (very small sample size only 133 hands and 19 occurences)
http://imgur.com/79EUH3m
Duremar22 (376 hands and 41 occurences)
http://imgur.com/0emNvBm

I am sure some regs got a WAY bigger DB.
They can fact check what I am saying and do see for themselves if indeed this particular stat converge to something hovering 50% over a larger sample size.
Then they just have to take the winning regs that they know for sure are human at the stakes in question (50NL to 200NL) either on BTC or FIAT sites and try to find any of them with such high Agg. Freq. OTT.
They probably won’t find any, even at 40+% let alone around 50%.

The fact that the 3 accounts suspected ALL HAVE this super high Agg. Freq. OTT is quite telling.

https://bitcointalk.org/index.php?topic=1616139.msg16861031#msg16861031

You probably make money out of these BOT accounts but I hope you are aware that this is bad for everyone (players, site, affiliates) that they can run wild on a site and that, in the long term, it surely means the end of online poker.

So I do hope you’re gonna push very hard the Betcoin Management so that they finally take actions against the BOT accounts that are cheating the players since months on Betcoin.

I copy/paste here what I said on the Betcoin BTC thread in case my post is being nuked there.

@Twitchy

Classic Twitchy. When someone has a different opinion than you, the person must be a shill for X or Y.

On Xiao.

If you think I am siding with Xiao, I have no side but only the poker players’ one.

I suggest you to read again the 1st part of my post where I suggest Betcoin to give other Affiliates the same deal as Xiao for Poker.
I suggest you to read as well my posts on the old Xiao BTCTalk thread.

All of your questions concerning Xiao’s personal deal have nothing to do with the poker players. It does not matter how much he has on Casino/Sportsbook, how much he makes and so on.

As I said once again in my post, players can be disappointed that he has no pull on Betcoin policies considering his special relationship. And I have been myself quite a critic towards him for that. But past that, you just have to treat him as your random poker affiliate.

What does it mean ? At the end of the day for the poker players the only question is: does this affiliate deliver on what he is offering ?
The Answer is: yes.

You can talk about the Ungod case, where Ungod said he was shorted by Xiao on his RB. But Ungod said publicly that his issue with Xiao has been resolved.
I can say that I have not been shorted on my RB by Xiao and the only times I had not the right amount it was a Betcoin issue (easy to prove: your rake * 5 = VIP Status points, if =/= then something is wrong).
That does not mean it is true for everyone, but like I said the only case I can think of is Ungod’s and he said himself that it was resolved.


On Betcoin.

I am “Vae Victis” there.
I have raised my voice in public on a lot of different Betcoin issues and I have even been censored on their forum for that.
I have nothing to prove and even less lessons to receive from you on that front.


On game-protect.

The guy is an obvious crook.
He is offering a poker player “protection” for money/affiliations: do you really think he is able to deliver it ?

The fact that you’re willing to softball this guy is mind-blowing.




@game-protect.

http://forumserver.twoplustwo.com/showpost.php?p=50758305&postcount=3738

In before: “Player Protection (aka “game-protect’) is only giving his source (which happens to be his own affiliate site).”

By the way you did copy/paste the same post under your "real identity" on PFA.
http://pokerfraudalert.com/forum/showthread.php?13240-Curacao-License-1668-JAZ-gaming-company-owe-you-money&p=582453&viewfull=1#post582453



IHasTehNutz has spent countless hours on the Locke case but yeah, his hidden agenda is only to “bad mouth and attack Game Protect !”


Nothing curious about that. I said what I think of you in your own thread and I link the people one of my post about you so that people can have the context.

@game-protect
I let people judge who has the best arguments by comparing our two posts.

I just want to pinpoint one affirmation of yours.
   
So you’re denying to be “Player Protection” on 2p2 ? That is a lie.
You’re only denying it because you want to circumvent 2p2 TOS and spam your affiliate link in all the posts you make under “Player Protection”.
Tough luck, 2p2 mods are onto you now:

Mike Haven (2p2 mod of the mods)
http://forumserver.twoplustwo.com/showpost.php?p=50760208&postcount=3739

Bobo Fett (2p2 mod)
http://forumserver.twoplustwo.com/showpost.php?p=50760419&postcount=3740

I suggest people to read the end of this thread on 2p2, it says a lot about what people think about “game-protect” aka “Player Protection” on the biggest international poker forum.
http://forumserver.twoplustwo.com/28/internet-poker/lockpoker-payout-scam-cashout-report-via-player-data-year-long-waits-updated-frequently-1359432/  (starting #3738)

Sorry to interfere into your affiliate war (yes, game-protect is just an affiliate even if he tries very hard to make people believe he is somethings else) and, as a player, stop the misinformations of the post above.

58% - 133% RB.
Let’s break it down. There are 3 components that could render a reward up to 133% RB.

33% RB coming from Xiao.

Reality: Indeed everyone under Xio get this flat RB. Sadly I might add, since it used to be higher.

For Flat RB  it is in the low end of what RB deals can offer in the industry but a lot of Sites once big enough did stop using affiliates altogether.
Still you can find same deals for networks where Traffic is incomparable way higher than Betcoin like  Microgaming . And way higher than that on Ipoker (even when taking into consideration their special system “SBR”).

Betcoin probably made a mistake by going all-in with only one affiliate – some might argue having affiliates is a mistake in itself, but when you are a new site it is often, if not necessary, at least the easiest way to gain some traction - and even now that Xiao has a normal deal it still prevents competitors to challenge him because before they generate the amount of BTCs necessary to reach the last tier of the affiliate scheme, they will not be able to offer their players the same amount as Xiao does.

It seems as well to stir-up a lot of hate / jealousy coming from various people towards Xiao.
In the end, Xiao makes the most of it – do not think it is fair to blame him for that, tho you can probably be a bit disappointed that he does not have the kind of leverage you might expect him to have from his special place – and Betcoin probably does suffer -their mistake in the first place- that their site would have probably gotten more exposure with a real competition among multiple affiliates.

The solution could be that Betcoin offers Top Tier Affiliate Scheme (40%) to others for Poker Only (for Casinos/Sportbooks they’d need to climb up the Scheme).

50% coming from the last VIP Status level.
Reality: no one reached yet such a status. So no one so far, is getting that amount or close to it from the VIP Status.

SWCpoker has the exact same type of VIP Scheme: you climb up for life and the top level rewards you of 50% RB.


50% from Table Starter Rakeback.
It is probably the most misunderstood component of it all.

It only benefits players that are willing to start games. And they are very few. Why ? Because most poker players like to play against weak opponents and when you have to start tables you cannot choose who you‘re playing against.
Generally, only the top players at their own stakes are willing to create action by opening tables and playing HU.
They are rewarded for that, as they should.


Game-protect wants you to believe that anyone benefits from that feature.
It cannot be further from the truth.
Let’s add to the fact that only few players are willing to use the feature, it is quite limited now both in time and in number at Betcoin. You have to play at least 1 hour straight and you are limited to 2 tables.


Game-protect wants you to believe that because on top of the VIP/RB you can get 50% more for TSR it is something unique and that is the proof that Betcoin is a Ponzi scheme.
Practices among the poker sites in the online world.
SWCpoker has the exact same feature, but is even better than Betcoin for the players: 50% not only for HU but as well for 3 handed play. No time limit and no table limit (but starting 4 handed you lose the benefit).

Notice that with the same reward for VIP and even with the lack of flat RB, depending on stakes/format SWCpoker is a cheaper place to play than Betcoin because of a rake way lower.

So SWCpoker is a Ponzi scheme as well ?

A lot of small online poker sites used prop players. Players that are paid to start tables and create action on the site.
Those deals are made under the coat. Is it not better that everyone willing to create action is getting rewarded for it ?

Practices in brick and mortar casinos.
Prop players came from the live background.

In multiple live casinos you either have prop players (it does costs live casinos money) or casinos that did opt for the same kind of offer than Betcoin/SWCpoker: rake free for HU /3handed [yep, 100%RB]. And you still get comps.
So are they losing money ? They’re just willing to pay small money to get game going and then rake it than having no game running at all.

Are live casinos Ponzi Schemes as well because of that ?


To anyone who wants to make business with game-protect: Beware.
It is pretty clear that he has zero knowledge of the poker industry. For someone claiming that under him as an affiliate he will be able to protect you of the said industry, it does not compute.

I suggest you to go through a lot of his posts here in order to give you an idea of what type of individual he is or even go to other forums like 2p2 (this thread in particular is quite telling about his “abilities” http://forumserver.twoplustwo.com/28/internet-poker/does-skrill-make-contradictory-statements-their-legally-binding-contract-1589116/ ) or PokerFraudAlert where he is, to say the least, not receiving a warm welcome; which does not prevent him to link the said forum on his website to lure people into thinking he is somewhat related to it and to give him some kind of false legitimacy in the process.

Like I said the last time you cut the RB% given to your players, Betcoin/you could have chosen to do what you were supposed to do: grandfather your old players’ deal who signed up early and helped build the – somewhat – player base. You did not elect to take that route.

Fun fact: the more I play on Betcoin, I get almost the same total rewards.
I started being Bronze (10% cashback) with a total of 60% RB [10% Bronze Status + 50% Xiao’s RB]
Now I’m Gold (30% cashback) and in August my total RB will be 63% ! [30% Gold Status + 33% Xiao’s RB]

But it is even worse. In the meantime, Betcoin did up its rake by 60% in December ‘15 !
https://www.betcoin.ag/betcoin-poker-table-rake-update

Let’s do some calculations, about what’s the based Net Rake (Net Rake without VIP Status which are constant and differs player to player. To find your true Net rake just apply your VIP Status then and what it will be in August) for a player that did sign-up through Xiao in December ’15 and what is gonna be in August ’16.

In December ’15: $1 Rake with a 50% RB = $0.5 based Net Rake for the player.
In August ’16: $1 Rake is $1.6 in Brut Rake (due to Betcoin rake increase) with a 33% RB = $1.072 based Net Rake for the player.

So per $, the based Net Rake for any given player went from $0.5 to $1.072.
A 114.4% increase in based Net Rake in 9 months !

Ridiculous.

That's an issue with the software but not sure why it takes them so much time to fix it.
Same things happened with 200NL 6max Tables between Saturday and Tuesday.

All 100NL Tables vanished from the software since Sunday.

Unless they changed it there is a CAP, which is... 500 mBTC.