[ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far - page 18.

AcoinL.L.C

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Quote from: BetKing.io on November 30, 2016, 03:49:11 PM

To clear things up, of course there will be no escrow. It is not needed at all in this case. This is not a new untrusted player in the game.

That's all existing bankroll investors divested now and I just divested 5000 Bitcoin which is much more than I'm trying to raise here Wink

Smart decision. I think a lot of the people clamoring for escrow either are sig spammers or have no idea what BetKing is. Adding an escrow agent would be a negative in my opinion, there is no added value to having an escrow despite adding a third party risk and an unnecessary expense. If you think this ICO needs escrow, you probably do not know what BetKing is: in that case you shouldn't invest. Invest in what you know. Dean literally just let 5k BTC leave his site today (2.5x what he is trying to raise in this ICO).

Disclaimer: I will personally not be investing in this ICO, but I trust Dean.

BetKing.io

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To clear things up, of course there will be no escrow. It is not needed at all in this case. This is not a new untrusted player in the game.

That's all existing bankroll investors divested now and I just divested 5000 Bitcoin which is much more than I'm trying to raise here Wink

BestWebCreator

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:)

Quote from: tomkat on November 30, 2016, 02:32:04 PM

Quote from: AcoinL.L.C on November 30, 2016, 02:05:27 PM

Quote from: tomkat on November 30, 2016, 01:55:18 PM

Quote from: Helix61be on November 30, 2016, 01:40:31 PM

Quote from: tomkat on November 30, 2016, 01:33:52 PM

Quote from: lorylore on November 30, 2016, 01:22:10 PM

Quote from: tomkat on November 30, 2016, 01:13:11 PM

Quote from: puremage111 on November 30, 2016, 12:50:49 PM

Quote from: tomkat on November 30, 2016, 12:40:44 PM

Why there's no escrow for this ICO?

You invest in the website, this website runs for year, and this project is hosted by the owner of website itself, therefore i guess no escrow needed maybe

I think it's also a coin

Quote

BetKing will create 100,000,000 tokens (100 million) to represent 100% shares of BetKing.

Escrow is the only protection against scam, so any ICO without escrow is just more risky.

But the difference here is that in the first place, a lot of people are investing in betking site previously with up to 4000 btc. So in this case, betking is quite confidence that he is able to rise a significant amount without any escrow as he already have proven that he has handle the btc well for yrs.

Well, there's no evidence for anything published in the ANN, so better safe than sorry.
Web archive has no copy before 2016, so there's no evidence the site was launched in 2013
https://web.archive.org/web/20130101000000*/http://betking.io

If you go to dicesites.com and press the date then you get the history:
Apr '13: pocketrocketscasino.eu
Jan '14: Invest in casino
Feb '14: Dice game
May '14: prcdice.eu domain
Jan '15: back to pocketrocketscasino.eu
Nov '15: betking.io domain

Sorry, but my confidence is very limited if there's no Escrow.
There're too many changes, and ambiguous information, ie. pocketrocketscasino.eu launched in Apr 2013 but first snapshot in webarchive is March 2014
https://web.archive.org/web/20140101000000*/http://pocketrocketscasino.eu

and first snapshot of dicesites.com is Nov 2014
https://web.archive.org/web/20141113082619/http://dicesites.com/

Without Escrow this ICO is just too risky (at least for me)

Dean's site has been a major player in the Bitcoin gambling sphere for a few years now. Right now Dean is holding thousands of BTC of customer funds without escrow. Escrow is absolutely not needed in this case.

I don't know who is Dean. I've only expressed my doubts, and I understand each of us has different level of acceptable risk.

BTW, I don't like the words "absolutely", "always", "never", etc.

I am sure you are very familiar with the word "absolutely"! Did u invest into the waves ICO?
The best solution is that the owner Dean gets an escrow, I think dooglus would perfectly fit as an escrow in this case, since he is the owner of just dice, which also is an gambling site. Look people who don't know Dean, will not invest unless u use an escrow, it is as simple as that.

tomkat

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