Betcoin fraud... This is just getting ridiculous

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: SatoshiDICE_PR on September 25, 2013, 05:26:09 PM

People have been posting the last couple days about Betcoin and their scummy, fraudulent behavior.

Reference:
https://bitcointalksearch.org/topic/betcoindicetm-untrustworthy-fakes-volume-makes-house-bets-on-blockchain-297110
https://bitcointalksearch.org/topic/satoshidice-and-satoshicircle-under-sustained-ddos-who-could-it-be-297078

And now we have this gem: http://www.digitaljournal.com/pr/1489274

This is just getting ridiculous... Come on Betcoin, only two days after we reveal that you ripped our verbatim Terms and Conditions from SatoshiDICE (not to mention stole all the other copy as well) and are proven to be faking bets on your own site and likely DDoSing your competitors, you pay for a press release titled, "Shift to Ethical Bitcoin Gaming - BetCoin ™ Leads the Charge Towards Responsible Gambling Adoption by Bitcoin Casinos"

The best part...

Quote

A recent phone conversation with Emily Flitter of Reuters confirmed that BetCoin ™ Dice and BetCoin ™ Circle are both working very hard to ensure full compliance to their terms and conditions, and the relevant legal regulations, and to guide their customers in the direction of responsible gaming, as BetCoin ™ aims to help educate its players as well as entertain them. A senior spokesman responded to Emily's concerns, "Some other bitcoin gambling sites unfortunately do not have terms and conditions

Betcoin copy and pasted SatoshiDICE's T&C's as their own, and then puts out that press release? Cheesy

Betcoin's T&C's: http://imgur.com/32cMiHl (see the exact same at SatoshiDice, plus most of the site copy)

Quote

BetCoin ™ is further securing their place at the top of the bitcoin online casino market, all the while continuing to promote responsible gaming and bitcoin education in general.

This is amazing Tongue

Responsible GAMBLING PROMOTING... WHAT... You can lose 100BTC in 10 seconds! (not sure that is promoting responsibility!)

Responsibility would be added by putting things like CAPTCHAs in so people respect their money more!

Trayber

sr. member

Activity: 337

Merit: 253

Quote from: SportsJunkie123 on September 14, 2015, 12:55:32 PM

Betcoin has/had 5.49 bitcoin of mine (used for sports betting) and it has up and disappeared.

I have tried talking to customer support for over a week now and they are completely stonewalling me. This has to be a huge scam site. I've been on many Bitcoin Sportsbooks and never had an issue until this one with Betcoin. Maybe they will respond to a post on the forum as their customer support is basically non existent.

Stay away!

Maybe this post will at least get someones attention there...

can you provide proofs or screenshots. this is a pretty serious allegation against a well known trusted Bitcoin poker and casino room

SportsJunkie123

newbie

Activity: 6

Merit: 0

Betcoin has/had 5.49 bitcoin of mine (used for sports betting) and it has up and disappeared.

I have tried talking to customer support for over a week now and they are completely stonewalling me. This has to be a huge scam site. I've been on many Bitcoin Sportsbooks and never had an issue until this one with Betcoin. Maybe they will respond to a post on the forum as their customer support is basically non existent.

Stay away!

Maybe this post will at least get someones attention there...

donk4u

legendary

Activity: 889

Merit: 1000

Ahhh I see. Well the khan on 2 plus 2 was talking about betcoin with the poker on winning poker network I didnt realize there where so many sites with betcoin in it so confusing. Thanks for setting straight on that. Wink

notserp

legendary

Activity: 2240

Merit: 1001

Quote from: donk4u on October 26, 2014, 09:10:21 PM

Quote from: 🏰 TradeFortress 🏰 on September 26, 2013, 10:18:37 PM

Quote from: SatoshiDICE_PR on September 25, 2013, 05:26:09 PM

People have been posting the last couple days about Betcoin and their scummy, fraudulent behavior.

Reference:
https://bitcointalksearch.org/topic/betcoindicetm-untrustworthy-fakes-volume-makes-house-bets-on-blockchain-297110
https://bitcointalksearch.org/topic/satoshidice-and-satoshicircle-under-sustained-ddos-who-could-it-be-297078

And now we have this gem: http://www.digitaljournal.com/pr/1489274

This is just getting ridiculous... Come on Betcoin, only two days after we reveal that you ripped our verbatim Terms and Conditions from SatoshiDICE (not to mention stole all the other copy as well) and are proven to be faking bets on your own site and likely DDoSing your competitors, you pay for a press release titled, "Shift to Ethical Bitcoin Gaming - BetCoin ™ Leads the Charge Towards Responsible Gambling Adoption by Bitcoin Casinos"

The best part...

Quote

A recent phone conversation with Emily Flitter of Reuters confirmed that BetCoin ™ Dice and BetCoin ™ Circle are both working very hard to ensure full compliance to their terms and conditions, and the relevant legal regulations, and to guide their customers in the direction of responsible gaming, as BetCoin ™ aims to help educate its players as well as entertain them. A senior spokesman responded to Emily's concerns, "Some other bitcoin gambling sites unfortunately do not have terms and conditions

Betcoin copy and pasted SatoshiDICE's T&C's as their own, and then puts out that press release? Cheesy

Betcoin's T&C's: http://imgur.com/32cMiHl (see the exact same at SatoshiDice, plus most of the site copy)

Quote

BetCoin ™ is further securing their place at the top of the bitcoin online casino market, all the while continuing to promote responsible gaming and bitcoin education in general.

This is amazing Tongue

The funny thing is they don't even own the trademark Betcoin and I think the actual owner are taking legal actions.

Khanatran is on 2 plus 2 a well known forum member who supports almost every online site. When he posted that betcoin was shady and to stay away I insta withdrew about 3 months ago or so. Pretty scummy in regard to their casino though I have never been one to patronize online casinos. Very unprofessional in grindabit forum where they have a thread. Looked so promising in the beginning turning out to be shady like almost all the bitcoin gambling sites other then swc.

his name is kahntrutahn on 2+2 and im pretty sure your talking about the wrong betcoin, this thread is about betcoin.tm

donk4u

legendary

Activity: 889

Merit: 1000

Quote from: 🏰 TradeFortress 🏰 on September 26, 2013, 10:18:37 PM

Quote from: SatoshiDICE_PR on September 25, 2013, 05:26:09 PM

People have been posting the last couple days about Betcoin and their scummy, fraudulent behavior.

Reference:
https://bitcointalksearch.org/topic/betcoindicetm-untrustworthy-fakes-volume-makes-house-bets-on-blockchain-297110
https://bitcointalksearch.org/topic/satoshidice-and-satoshicircle-under-sustained-ddos-who-could-it-be-297078

And now we have this gem: http://www.digitaljournal.com/pr/1489274

This is just getting ridiculous... Come on Betcoin, only two days after we reveal that you ripped our verbatim Terms and Conditions from SatoshiDICE (not to mention stole all the other copy as well) and are proven to be faking bets on your own site and likely DDoSing your competitors, you pay for a press release titled, "Shift to Ethical Bitcoin Gaming - BetCoin ™ Leads the Charge Towards Responsible Gambling Adoption by Bitcoin Casinos"

The best part...

Quote

A recent phone conversation with Emily Flitter of Reuters confirmed that BetCoin ™ Dice and BetCoin ™ Circle are both working very hard to ensure full compliance to their terms and conditions, and the relevant legal regulations, and to guide their customers in the direction of responsible gaming, as BetCoin ™ aims to help educate its players as well as entertain them. A senior spokesman responded to Emily's concerns, "Some other bitcoin gambling sites unfortunately do not have terms and conditions

Betcoin copy and pasted SatoshiDICE's T&C's as their own, and then puts out that press release? Cheesy

Betcoin's T&C's: http://imgur.com/32cMiHl (see the exact same at SatoshiDice, plus most of the site copy)

Quote

BetCoin ™ is further securing their place at the top of the bitcoin online casino market, all the while continuing to promote responsible gaming and bitcoin education in general.

This is amazing Tongue

The funny thing is they don't even own the trademark Betcoin and I think the actual owner are taking legal actions.

Khanatran is on 2 plus 2 a well known forum member who supports almost every online site. When he posted that betcoin was shady and to stay away I insta withdrew about 3 months ago or so. Pretty scummy in regard to their casino though I have never been one to patronize online casinos. Very unprofessional in grindabit forum where they have a thread. Looked so promising in the beginning turning out to be shady like almost all the bitcoin gambling sites other then swc.

Gladdy

sr. member

Activity: 318

Merit: 250

Quote from: PrimeHour on April 09, 2014, 04:40:58 AM

dang. Still the wildwest out here, i see lol. Undecided

much more wildwest now

PrimeHour

newbie

Activity: 12

Merit: 0

dang. Still the wildwest out here, i see lol. Undecided

f8

newbie

Activity: 30

Merit: 0

It is quite fun, but not for our site. Cry

Be sure Betcoiner.com is trusted.

And we are still not scummers Roll Eyes

https://bitcointalksearch.org/topic/betcoinercom-451995

aksplace

sr. member

Activity: 602

Merit: 260

Quote from: bitcoinsrock on December 18, 2013, 11:32:10 AM

Thanks b!z and waqas. I would add casinobitco.in to the honest sportsbook category.

casinobitco.in is a legitimate sportsbook. Folks should not get the "TM" brand confused with the sports betting brand we will be publishing an article regarding betcoin"TM" soon enough for those interested in reaching out to the owners/investors of the particular brand.

bitcoinsrock

sr. member

Activity: 295

Merit: 250

Thanks b!z and waqas. I would add casinobitco.in to the honest sportsbook category.

waqas

sr. member

Activity: 378

Merit: 250

Quote from: b!z on December 18, 2013, 07:49:59 AM

Quote from: bitcoinsrock on December 18, 2013, 12:18:23 AM

Have they not paid anyone in the sportsbook? They've always paid me on time but would like to know of any other problems on the sportsbook side.

Betcoin Sports (4.2 star rating on Bitcoin Reviewer) is not affiliated with Betcoin.tm. They are a honest sportsbook company.

not only BetcoinSports Bitbook.biz,NiterogenSports and Bitcoinlivebets these all are very good and honest sites paying to there customers on time

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: bitcoinsrock on December 18, 2013, 12:18:23 AM

Have they not paid anyone in the sportsbook? They've always paid me on time but would like to know of any other problems on the sportsbook side.

Betcoin Sports (4.2 star rating on Bitcoin Reviewer) is not affiliated with Betcoin.tm. They are a honest sportsbook company.

Hunterbunter

hero member

Activity: 994

Merit: 1000

Quote from: Lucky Cris on December 06, 2013, 05:41:49 PM

What's wrong with the picture: Their bot spins several times per second.

Wow that's really dirty...they didn't even try to disguise it.

bitcoinsrock

sr. member

Activity: 295

Merit: 250

Have they not paid anyone in the sportsbook? They've always paid me on time but would like to know of any other problems on the sportsbook side.

aksplace

sr. member

Activity: 602

Merit: 260

Quote from: Micon on December 13, 2013, 12:26:20 AM

C- now not sure what to say considering they once held that ultimate rating. Guess will consider further downgrade if more folks file complaints.

Micon

legendary

Activity: 1232

Merit: 1014

FPV Drone Pilot

aksplace

sr. member

Activity: 602

Merit: 260

They are getting further downgraded this week.. This company has turned into a headache and extremely disappointed especially with the new management in place to fix past disputes we have on file. They however seem to be interested in more advertising opportunities.

sagrid

full member

Activity: 211

Merit: 100

SatoshiGrid.com

Anyone can recommend a (i guess a lawyer) for writting terms and conditions for me?

caffeinewriter

hero member

Activity: 532

Merit: 500

Quote from: vual on December 11, 2013, 06:52:50 PM

Quote from: Lucky Cris on December 11, 2013, 01:53:29 AM

Priceless:

Yep, it brought me here....
Priceless, but keep in mind, all marketing is good, even if its bad marketing.
What is the go with there provably fair algo's ? Dont they check out ?

It's provably fair still, but it's suspected that they're placing bets themselves, sometimes thousands of entries, so that they have more of an edge. At least that's what I deduced from this thread so far.

vual

hero member

Activity: 714

Merit: 500

Quote from: Lucky Cris on December 11, 2013, 01:53:29 AM

Priceless:

Yep, it brought me here....
Priceless, but keep in mind, all marketing is good, even if its bad marketing.
What is the go with there provably fair algo's ? Dont they check out ?

Lucky Cris

sr. member

Activity: 280

Merit: 250

Priceless:

viridisk

member

Activity: 70

Merit: 10

18cchz74xD2rusZ6dgio73opk6biwzVxKu

I've noticed that their lottery have a one user that always buys 1,000 tickets outright, even if he's the only player. That is irrational as that would mean negative profits even if he wins them all, due to house edge.

I suspect that it's actually a 'house bet' and that they are circumvening provably fair with these scummy bets.

Lucky Cris

sr. member

Activity: 280

Merit: 250

Making good on my promise.

I have dozens of pics, but I choose this one to post first to hopefully spark a little interest in this thread.

Background info on this game:
During this game play, it was just myself and another Alias spinning the wheel. But it wasn't until after I lost an excessive amount of coins and exited the game, that I realized the Alias I was losing spin to was out-spinning me! I'm no techie but maybe some of you might have an explanation of how this is possible.

Do you see what's wrong with this picture?

Oh, I suppose I should mention that the 2x spinner joined the game so the spin master Alias wouldn't have to be alone. I'd also like to mention this player (although never spins anything more than what it's spinning), just happens to be a Diamond player and have won 50 and 30BTC in the last two monthly drawings. Enough about that, monthly drawings will be another post.

What's wrong with the picture: Their bot spins several times per second.

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: Lucky Cris on December 06, 2013, 01:07:56 AM

Fraud indeed and I have screenshots to show you all... I see they have advertisements on this forum. Can we petition that they be removed? I know they paid for space, but I don't feel that this community should embrace a known scam site.

Someone please advise how to upload photos to post.

1. Go to http://imgur.com/ and upload the image
2. Copy paste the "forum BBCode" from the sidebar on imgur to the forum and make a post.

clicksmoney

member

Activity: 103

Merit: 10

Quote from: Lucky Cris on December 06, 2013, 01:07:56 AM

Someone please advise how to upload photos to post.

Upload to imgur and post the url - I sort of dislike inline photos, will click if explained as relevant.

Lucky Cris

sr. member

Activity: 280

Merit: 250

Fraud indeed and I have screenshots to show you all... I see they have advertisements on this forum. Can we petition that they be removed? I know they paid for space, but I don't feel that this community should embrace a known scam site.

Someone please advise how to upload photos to post.

waqas

sr. member

Activity: 378

Merit: 250

Quote from: uoyeparannog on September 26, 2013, 04:11:32 PM

Lololo Betcoin. Business is sometimes so funny.

just because of this too much speculations around here and suddenly too much up and downs but hope its stable soon

Hfleer

sr. member

Activity: 448

Merit: 250

Changing avatars is currently not possible.

Well it's pretty horrible, you won't find any provably fair there.

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: RodeoX on September 27, 2013, 11:32:37 AM

Why would I trust a vice dealer in the first place? Gambling games are not "games", they are systems to transfer your money to the house.

haha, good one.
It should be pretty embarrassing to them though!
Like, they copied EVERYTHING off SD.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Why would I trust a vice dealer in the first place? Gambling games are not "games", they are systems to transfer your money to the house.

xan_The_Dragon

sr. member

Activity: 322

Merit: 250

I AM A DRAGON

Do they even try?

Zaih

hero member

Activity: 504

Merit: 500

I'm pretty sure they found out about Bitcoin about 2 weeks before they released. You can tell they have no idea how the community around here works etc.

So bad

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: SatoshiDICE_PR on September 25, 2013, 05:26:09 PM

People have been posting the last couple days about Betcoin and their scummy, fraudulent behavior.

Reference:
https://bitcointalksearch.org/topic/betcoindicetm-untrustworthy-fakes-volume-makes-house-bets-on-blockchain-297110
https://bitcointalksearch.org/topic/satoshidice-and-satoshicircle-under-sustained-ddos-who-could-it-be-297078

And now we have this gem: http://www.digitaljournal.com/pr/1489274

This is just getting ridiculous... Come on Betcoin, only two days after we reveal that you ripped our verbatim Terms and Conditions from SatoshiDICE (not to mention stole all the other copy as well) and are proven to be faking bets on your own site and likely DDoSing your competitors, you pay for a press release titled, "Shift to Ethical Bitcoin Gaming - BetCoin ™ Leads the Charge Towards Responsible Gambling Adoption by Bitcoin Casinos"

The best part...

Quote

A recent phone conversation with Emily Flitter of Reuters confirmed that BetCoin ™ Dice and BetCoin ™ Circle are both working very hard to ensure full compliance to their terms and conditions, and the relevant legal regulations, and to guide their customers in the direction of responsible gaming, as BetCoin ™ aims to help educate its players as well as entertain them. A senior spokesman responded to Emily's concerns, "Some other bitcoin gambling sites unfortunately do not have terms and conditions

Betcoin copy and pasted SatoshiDICE's T&C's as their own, and then puts out that press release? Cheesy

Betcoin's T&C's: http://imgur.com/32cMiHl (see the exact same at SatoshiDice, plus most of the site copy)

Quote

BetCoin ™ is further securing their place at the top of the bitcoin online casino market, all the while continuing to promote responsible gaming and bitcoin education in general.

This is amazing Tongue

The funny thing is they don't even own the trademark Betcoin and I think the actual owner are taking legal actions.

uoyeparannog

member

Activity: 72

Merit: 10

Drunk Lunatic

Lololo Betcoin. Business is sometimes so funny.

bit777

sr. member

Activity: 420

Merit: 250

Quite ridiculous. Hard to top these guys in terms of false claims, I give them that. Roll Eyes

SatoshiDICE_PR

sr. member

Activity: 392

Merit: 250

SatoshiDice.com

People have been posting the last couple days about Betcoin and their scummy, fraudulent behavior.

Reference:
https://bitcointalksearch.org/topic/betcoindicetm-untrustworthy-fakes-volume-makes-house-bets-on-blockchain-297110
https://bitcointalksearch.org/topic/satoshidice-and-satoshicircle-under-sustained-ddos-who-could-it-be-297078

And now we have this gem: http://www.digitaljournal.com/pr/1489274

This is just getting ridiculous... Come on Betcoin, only two days after we reveal that you ripped our verbatim Terms and Conditions from SatoshiDICE (not to mention stole all the other copy as well) and are proven to be faking bets on your own site and likely DDoSing your competitors, you pay for a press release titled, "Shift to Ethical Bitcoin Gaming - BetCoin ™ Leads the Charge Towards Responsible Gambling Adoption by Bitcoin Casinos"

The best part...

Quote

A recent phone conversation with Emily Flitter of Reuters confirmed that BetCoin ™ Dice and BetCoin ™ Circle are both working very hard to ensure full compliance to their terms and conditions, and the relevant legal regulations, and to guide their customers in the direction of responsible gaming, as BetCoin ™ aims to help educate its players as well as entertain them. A senior spokesman responded to Emily's concerns, "Some other bitcoin gambling sites unfortunately do not have terms and conditions

Betcoin copy and pasted SatoshiDICE's T&C's as their own, and then puts out that press release? Cheesy

Betcoin's T&C's: http://imgur.com/32cMiHl (see the exact same at SatoshiDice, plus most of the site copy)

Quote

BetCoin ™ is further securing their place at the top of the bitcoin online casino market, all the while continuing to promote responsible gaming and bitcoin education in general.

This is amazing Tongue

Topic: Betcoin fraud... This is just getting ridiculous (Read 11383 times)