Hello bitcoin community and betfury manager,
Give me one good reason why betfury, goosebet and others are not a ponzi schemes...
1. they are centralized
2. they are anonymous
3. they can't be held accountable
4. they are hoping new members provide liquidity to a dividend pool that pays existing holders
5. transactions are recorded off-chain
6. who knows where the bitcoin that is deposited goes too
7. when mining gets expensive, players are not going to have an incentive to gamble there and the the pool dries up they will exit scam
8. why are betfury and goosebet soo similar in it's whitepaper/business model? (same company perhaps)
betfury manager - how can you address this?
bitcoin community - how are most of ya'll legendary members and are not seeing that this is some sort of new scheme by anonymous gaming operators?
I agree with you! They said they'd get a license last year and they still don't have it. Not many here know what shady things Betfury did last year in the first couple months they launched. Here is what I mentioned previously!
I just want to first say, I've been following this thread for awhile and the community have been doing a great job sniffing out their LIES about their inflated numbers. I've created this account to share my experience. I'm going to expose everything about them and why you shouldn't trust them. I was a week 1 investor when they first launched their casino, I stopped investing after I found out they manipulate their dividend pool. They would unfreeze and freeze their tokens to stabilize their dividends. They had a fixed number APR and ROI, just how they have now to lure/manipulate newbies that don't know how to calculate these numbers for their investment. The APR/ROI was over inflated and never changed(just like now as well). Many investors warned them if they kept unfreezing their tokens, they'll eventually run out of money to support the casino and will have to freeze their tokens which will hurt investors. They had at least 70-80% of their tokens unfrozen to stabilize dividends. Many investors asked if they will freeze their tokens and the answer was always no for almost 2 months. After MANY promises to investors they had no plans to freeze their tokens, on CHRISTMAS DAY, WITHOUT any warning, they froze 80% their tokens! This burnt many investors who invested thousands of dollars.
Here are some user proof
https://i.imgur.com/b7TTQT2m.jpghttps://i.imgur.com/HuGcbsGm.jpghttps://i.imgur.com/WCnth4em.jpghttps://i.imgur.com/lGq80Xhm.jpghttps://i.imgur.com/whtPSX4m.jpgWhen they first launched Betfury 2.0, the dividend page already showed a 450% APR and like a 60 Day ROI, how did they get this number before ANY PROFIT? It's a lie, they just make up numbers to look like an attractive investment.
They used to have a 1.5% house edge, they changed it to 2%. They mentioned they changed the edge so they have more money to fill up the dividend and jackpot pool. This means they don't care about their gamblers, they don't want gamblers to win. All they care about is mining to feed their own pockets. You don't earn BFG tokens if you play live casino either, they don't want people playing since blackjack and live casino games can kill their dividend pool.
Their user count is over inflated as you guys already know.
They been saying they'll list their tokens for almost a year now and still nothing.
Everything is a lie.
⚠️ 2% house edge
⚠️ Terrible slot providers
⚠️ Unlicensed casino
Hello, fsgambler1!
Our platform will be 1-year old on November 3, so we couldn't promise something about the license in the previous year (due to the fact that in 2019 we worked only 2 months). As soon as we started working in this direction, the real terms were prescribed in the roadmap. The license obtaining process is on the way and the Curacao license should be received by the end of 2020.
Regarding token freezing by the team in late 2019. It's not a secret for anyone that in the process of mining 1 BFG token by a user, 1 token is mined for the platform. When a token freeze was available on the platform in order to receive dividends, it was decided not to freeze some of the platform's tokens for supporting our community and paying out the promising APR and keep it stable. This decision was aimed to support early investors and pay them out even from the team's side part tokens. We took a step towards users, leaving ourselves approx 20% of 50%, that not even cover operational expenses.
Of course, this could not last forever, because a large team is working on the existence of the platform. When our costs became critical, we returned the freeze of our tokens and explained in detail the team decision in telegram chat with a transparent message to the community.
Besides that, the team filled TRX, USDT, BTT pools not even 1 time to provide better ROI for investors, and of course, those funds came from the team side.
House edge on Dice was increased from 1.5% -> to 2% in purposes of covering tournaments, giveaways, and other activities BetFury delivers constantly.
Those who realized how we treat users have remained faithful to us and continue to earn using new opportunities on BetFury.