Topic: BetKing.io is a blatant scam operated by Dean Nolan - page 19. (Read 31310 times)

I do not get it, it was already confirmed that dean Nolan is a scammer so why this thread is still active. If this thread will become active more and more people are going to spam it. I think this thread should be stopped as there is nothing left to prove as all the evidence are already presented numerous times which shows Dean Nolan is a scammer.

Got to agree with you, he has kicked and banned lots of people from the TG channel just for asking appropriate questions.

I mean, this pathetic little imbecile serial scammer Dean Nolan is giving 1000 BKT to anybody that signs up to the TG channel (that is to make the channel and website look busy) yet he bans them as soon as they ask the right questions.





I heard stories about money going missing from accounts in the very early days of betking but did not know amounts going missing were as high as 2.5 BTC

It would not surprise me if the site was rigged, he is such a low life he might well have rigged it.

is site is rigged as fuck. ie remember winning once and he delayed paying me till i contected him. when i did, he was like , how where u able to win like that, i immediately knew the scammer was trying to come  up with a way of scamming me. i told him to fucking verify and stop asking me shit. dude went silent for like an hour, then sent the cash un willingly.
my take on that is that the site is so rigged that its difficult for anyone to win so he got suprised to see someone actually win. why ask me shit when i win , but when i loose u say its provably fair. wtf.
also, i had my btc disappear in his useless site. the highest was 2.5btc. i am sure he stole it. when i contacted him, he said i must have either withdrew it or my laptop was compromised.
i have never had this issue with primedice or bitsler or rollin

dean is a useless scammer. i just saw him kick a guy that was stating the obvious in his useless telegram group.. besides the scams,
his site is rigged as fuck. ie remember winning once and he delayed paying me till i contected him. when i did, he was like , how where u able to win like that, i immediately knew the scammer was trying to come  up with a way of scamming me. i told him to fucking verify and stop asking me shit. dude went silent for like an hour, then sent the cash un willingly.
my take on that is that the site is so rigged that its difficult for anyone to win so he got suprised to see someone actually win. why ask me shit when i win , but when i loose u say its provably fair. wtf.
 the investors dont know whats coming. dean is planning to run with all the investments once it hits a reasonable amout or if bitcoin price sky rockets. anyone know how to report the site to fbi or cia for money laundring. i will be happy to see that fucker behind bars.
hey jolly , those investors are not happy, they are just scared of getting blocked by the useless scammer

Same here, I posted in his censored scam betking thread and he deleted my post


A few investors that mentioned in the TG channel that they were investors and are happy with the direction serial scammer Dean Nolan is taking betking are fools because they believed the narrative he spun up for them. He told them it was a combination of bad management decisions and bad/negative reviews especially here on the forum that led to the demise of betking.

Those investors got ripped off and scammed but they actually believe the scammer who did it to them is NOT responsible. That is a master stroke from serial scammer Dean Nolan that he managed to fool a few investors but nobody else.

got a notification that one of my posts got deleted.

Thanks Dean

LOL 30mil tokens plus 2.5m cash that was suppose to be for marketing , and it's up to the "investors" to spread the word in forums and to spam the competitors chat.


""if the amount of individuals that have bkt did that i'm sure we would see a big increase in traffic""


Shame on these investor, giving you funding for marketing and not volunteering to do all the marketing after. This is clearly the only logical reason why betking isn't bigger then bitsler by now

I let the users in the Bitsler thread know about what this serial scammer Dean Nolan owner of the betking scam was saying about them

https://bitcointalksearch.org/topic/m.51422484

This serial scammer has got it in for competitors, again....

Now he is after Bitsler  

On top of that he made ridiculous claims about competitors not having "public investment or stats like we have" but if they were to have investment from the public they would have stats to show how and when and where they spent their investment.

They would never lie and scam investors by saying 30 million of the 100 million tokens created were to be used for "ICO bounties, testing bounties, advisors, hiring, future marketing and development" and then sell them to pocket the money.

Serial scammer Dean Nolan a pathetic little imbecile. I am so happy for that fateful day when he got caught out after he scammed the Bustabit owner out of 2 BTC and blamed RHavar. It was my post asking for clarification about whether serial scammer Dean Nolan was using pirated software that triggered the whole thing which exposed Dean Nolan to the community as a serial scammer - just as I was saying before he launched his 2017 betking ICO which was designed in a manner to simply make him rich way beyond his wildest dreams.

exactly what i said before.

he closed the old site returning 6k+btc, if he got only 10% of the sites earnings that was 550,000$ worth from 2016 prices within 3years time, not to mention the site was just starting to peak. and he tried to sell it for 500,000$ just a few months later "claiming he wanted to follow other ambitions" not even 6 months later hes starting a complicated ico. "that raised the near same amount" he just returned 8-9months ago. kind of obvious his intentions wasn't to make a successful dice site since he just threw one away


I'm gonna list the facts to just for clarity :colors  Facts  My speculation
http://web.archive.org/web/20170903041628/https://betking.io/


At the time the ico started btc was worth 4000$ i think around 14000$-17000$ near the end of ico,but since investors shares was pegged to usd and it hasn't went under 4000$ so regardless the ico still raised around 5 million $ I will refer to this again later


quote from the link above

DISTRIBUTION
100,000,000 BetKing Bankroll Tokens will be created as Ethereum ERC23 tokens and issued after the crowdsale ends.70 million will be available for sale to crowdsale participants.30 million will be retained by BetKing for ICO bounties (1%), testing bounties, advisors, hiring, future marketing and development.BetKing Bankroll Tokens can be purchased with Bitcoin, Ethereum and Litecoin. All funds will be held in cold storage.


He Keeps 30% of the tokens



use of funds raised
After the crowdsale at least 50% of the funds raised will be used for the house bankroll that players bet against and winnings are paid from. The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal.


50% of the funds raised are used to do the same stuff that 30% was suppose to be for

Remember when i said i would refer later on? here it is
5$ Million invested "50% claimed to be for "cost" that's 2.5$m
the site was already a copy of the old site, besides a few different features dev cost wouldn't be more then 100k
"hiring people" obv isnt more then 25k since you can't even get a response from support unless you make it public.
and promotions/marketing was paid only with tokens as i recall "the 30% he kept" pretty much just dumping them, 5million$ invested with 6.5million$ worth of tokens floating around
Edit when you read further down you will ask, if he was after "ownership" why dump this much?  Most of the bounty and marketing funds where distributed why these tokens where still pegged to the ico value"still running" not the current 1/10th value
so theres atleast  2 million$ somewhere from the 50%funds (500k used max) and you want to know what that's used for?
To buy back your tokens at 1/10 the value you paid

Of course he claims it is their fault people joined the buy backs but thats how the entire ico was designed, knowing people would sell their tokens esp 1+years later and the token just reaching 10% and dumping 1.5million dollars worth lowering the prices even further.


A simple version, he started out with no funds, just an improved version of his old site, valued his share worth 1.5m$ and dumped those "to create the illusion funds where properly being used" and bought "guessing atleast 30% of the bk tokens back for 1/10th value another 1.5m worth for 150,000$., the more shares he has the more ownership he has over the bankroll too, i'm sure hes building up his "share ownership"

Rough Estimate Dean owns 60% of the Shares/Bankroll and is still holding 1.8m$ min

Also i want to point out.
He has said everyone is out to get him,
he has said hes posted proof before, referring to a different conversation---- i haven't fully followed the scam reports but read about 20 of his replied and never saw actual proof.
Ive seen him claiming "his story is proof" without actual proof just an explanation that can't be verified.
And ive seen him claim the investors that has invested large amounts are happy and here's probably why


Dean technically didn't scam, and in about 2years investors will probably break even. but this ico was designed to profit from the portion that would inevitable fall for the buyback allowing dean to profit atleast 2m$ this is the fact, but i honestly think its more complex and worse then this.  sounds like a ponzi and hes comparing it to stocks/btc price

Regarding BKT tokens:

Burned: 5,261,437,378
In use:  1,301,745,479

So here is the current distribution list:

Serial scammer Dean Nolan: 1 billion BKT
BKT to BKB Swap:              505 million BKT
Promotions, Leaderboard:    1,928,578,643 BKT


No doubt serial scammer Dean Nolan will siphon-off funds from the "promotions, leaderboard" tokens to his own pockets but since there will be no m

Another disastrous error was in serial scammer Dean Nolan claiming 200,000 new users would start using betking when he applied the freebie EOS BKT airdrops BUT he only airdropped 675 million BKT out of the 3 billion has burned set aside and then burned the remaining +2 billion BKT (to be exact: 2,325,000,000)

What happens to those +505 million BKT if they are not exchanged for original BKB tokens by the August 2019 deadline?

When a project manager with a whole list of miscalculations, bad business decisions and red-hand scams decides to burned (5,261,437,378) +5 billion tokens out of 10 billion tokens then there has to be a catch.

Of the total 4,738,562,622 tokens remaining, only 1,301,745,479 are in use. Serial scammer Dean Nolan is sitting on a minimum 1 billion BKT guaranteed for himself but with tokens he will eventually siphon-off along with the ones he already has siphoned-off, it means he will probably have a minimum 30%/35% ownership of betking and for all he did (the scams, the lies, the mismanagement) he will try his best to make more money out of investors.

i said it before but everyone thought i was ranting. dean is a useless scammer.
first he came up with selling the site, i told everyone that he is gonna run with the cash if anyone pays, i think people where smart enough no to fall for it. then he came up with ico bullshit. i said it that the reason for the ico is to pull off the biggest scam on bitcoin talk and now u can all see it gradually happening.
his next move is to run with everyones cash. he is just waiting to hit the target. be wise guys.
this is how the best scammers operate. they make u trust them then they strike.
just imagine the retard burning a whooping 5billion bkt lol.
he lured guys into the site using the chrismas wager contest promissing 20btc. i laughed when i say it. i know dean is too stingy and greedy to just give a whooping 20btc just like that. the most annoyng shit is that, he lured some serious whales, scammed them all then stopped talking about it after 12 midnight. the bastard did not even cancel it a day to the end of contest. he cancelled it 1 day after the contest ended. what a pathetic scammer.
watch out, dean is gonna run with peoples cash . its just a matter of time.

A very good post from you.

Yes the bet mining has been disabled on the betking website yet only 440 million of the staggering 3 billion tokens set aside were released.

3 billion bet mining tokens minus 440,737,197 released tokens leaves a total of over 2.3 billion tokens (to be exact 2,559,262,803) that will get siphoned-off in to the pockets of serial scammer Dean Nolan even though he stated in his trashy Telegram: "Announcement: We will be removing Bet Mining on Saturday the 1st of June. The remaining tokens allocated for bet mining will be burned"

Another failure on part of serial scammer Dean Nolan when he kept aside 3 billion BKT tokens for bet mining but then pulled the plug on it? What an idiot, what an imbecile  

I agree with you, at some point he will dump the BKT holdings he has and he will cash in because he has been unable over many years to sell this scam website so the only way he can maximise his gains is to dump them and let the pathetic website slide slowly in to an abyss

This is actually a very good list.

By the way it is ridiculous that Dean brags about the token price, after scamming the ICO investors.

Everyone know that the price of a token with a daily trading volume of ~600USD can be very easily manipulated.

And there is another problem:

https://imgur.com/a/8n5QA4i

As you can see here, only 14.6% of the betmining token have been mined, before dean disabled betmining from one day to another.
Only 3.5% of the token reserved for promotions have been given out.
Only 22.5% of the token reserved for airdrops haven been given out.
But you know which token have been given out 100%? The one reserved for the "team" aka Dean himself.

Dean owned 70+% of all BKB token, and he owns a even higher % of all BKT. Right now he makes some money, because there is some betting volume. But there is literally no reason to play on this site compared to bustabit (much higher limits), stake or bitsler (higher limits, more and better games).

At some point Dean will decide that he makes more money dumping his shitcoin on the market compared to hodling it and he will abandon the project and the token will be useless and worthless.

Not all failed businesses are scams but betking was surely a massive scam as all the evidence shows.

This pathetic imbecile serial scammer Dean Nolan admitted he stole 30 million BKB tokens which were supposed to be used for "ICO bounties, testing bounties, advisors, hiring, future marketing and development".

It clearly means that disgusting imbecile serial scammer Dean Nolan made $2,785,800 for his own pockets at the buy-back price which was clear theft and clear siphoning of the funds which was owned by betking but he used as his personal bank.

Betking sure has been exceptionally lucky. Original site ran at 200% EV and current iteration running at 150%.

That sounds different than this:

This:
And now completely different model:

Dean said he bough back 70% of tokens IIRC. He could have done this if site made $4.5M profit($6.5M raised on ICO, IIRC), but yet again:

Is site now mysteriously bringing traffic and players? What are the odds  

Yes the manner in which he scammed the winners of the 2018 Christmas wager was disgraceful.

He gave generous odds because he thought it might generate a few new bets but he miscalculated because too many people took advantage of the odds. Nobody forced serial scammer Dean Nolan to offer those odds in the first place.

The idea he squirmed his way out of it by lying when he said cheating took place was an absolute disgrace.

Sure, this is usually the case when it's found in the ToS. These were not. Again, the archive didn't have anything that would make a prospective investor assume that the terms could change at any time. Especially when it concerns long-term financial fulfillments like this.

If a site didn't change terms on a whim?

Who is scamming here? What "scheme" is this buyback? I'd say that this was a pretty large part of the whole token.

---

Here. http://web.archive.org/web/20170629082143/https://betking.io/

Most sites' terms say that terms can change. I'd be concerned if a crypto site didn't say that as nothing is proven and we are in uncharted territory. Makes it exciting times and luckily betking is surviving and bkt price rising due to better management and removing schemes that scammers took advantage of. Can't blame the scammers for getting upset.