Topic: BetKing.io is a blatant scam operated by Dean Nolan - page 22. (Read 31362 times)

This is outrageous lie:


source: http://web.archive.org/web/20170809030225/http://betking.io/

You lied to investors then you fucked them:


Now you are making some token swaps/whatever to fool more people. I would suggest everyone to read this thread from the beginning.

It's not easy to have a discussion with someone who refuses to believe anything I say. Who twists everything I say. Who can't use basic logic or stick to facts or show proof of any false scam claims.

I shouldn't waste any time on you now considering a) you are a competitor and b) you are actively trying to damage my investors chances of seeing a return on investment. I don't care about the money I've lost.

I thought you were meant to be smart as well. I have no idea why anyone listens to you or trusts you on this forum. You got lucky with bustabit but you have no clue what you are talking about when it comes to business.

Just to be fair to Dean, while he's a scammer and a liar -- I'm not sure he's a "serial scammer". To the best of my knowledge he's only ever scammed people once with his ICO.

(Granted: I'm sure he'd be happy to scam people again given the chance, now that he's name is in the trash. But we should probably wait until then before calling him a serial scammer)

 

Ok. It's not easy to have a discussion with a scammer who can't even stick to basic facts. I was willing to cut some slack if you were forced into a corner by financial circumstances, but if you're just going to keep blatantly lying it's a bit difficult to try be charitable.

--

For anyone reading, the original BKB was a personal loan to Dean. He and I discussed that aspect extensively, when he wanted me to buy some BKB tokens to help him increase his BTC exposure (as he'd supposedly have to sell some BTC to pay some poker debts).

 
The original pricing formula used for BKB didn't take into consideration any expenses for the business, which were supposed paid for by Dean. And as such, investors never got any equity in the business. The original deal was structured as a personal loan to Dean, which was denominated in USD but instead of interest people would get paid some of the *revenue* (to not expose them to business risks) from betking until the loan was paid according to a fixed schedule.

Dean was ecstatic about the structure of his ICO and how much money it made him personally when the price of bitcoin was up (but he never sold the bitcoin he raised, and his debt was denominated in USD). But the second it came to him losing money, he had no hesitation in renegging.

--

But if Dean's not going to be honest about how things were, and what went wrong -- there's no point really wasting more energy on this discussion. It's already pretty well established that Dean's a liar and a scammer. But I do wonder why he's suddenly after months now trying to defend his little scam?  Dean, you wouldn't happen to be trying to float another ICO in the near future? :rofl:

Serial scammer Dean Nolan is doing what he always does to deflect attention away from the facts....

RHavar, you are absolutely right when you say serial scammer did not lose any money. How could he lose money when he made his "money" for free in the ICO in BKB tokens? Then he sold those BKB tokens from the bankroll funds which was a deliberate way to pocket cash. The impression this serial scammer gives is that he had $1 million of his own FIAT currency which he converted to crypto to invest in the disastrous 2017 betking ICO but that is not what happened.

How can anybody believe anything that imbecile Dean Nolan spouts? He is a compulsive liar.

Wait, you seem confused.

You are under the assumption that this was all a personal loan I got from investors.
It was an investment in a business. With all investment in any business there was risk.
There was no "deal". There was no "guaranteed" buybacks.

You do know that the price of the original token could easily have dropped to 100th of the original ICO price too right?

Again, you just post your own shit opinions instead of facts.
"but I'm extremely skeptical that you've personally lost any money,"  - opinion, that is wrong based on no facts
"AFAIK all the buy-backs were done far below the sale price, which should've yielded you a huge amount. " yet another opinion with no facts.

You know who does know how much was bought and at what prices? Actual investors. Not you, a competitor, who never invested.

You mean, because you couldn't afford it? Or because you didn't want to lose money?

Not that it makes a difference, but I'm extremely skeptical that you've personally lost any money, as AFAIK all the buy-backs were done far below the sale price, which should've yielded you a huge amount.


Regardless if you could afford it or not, it still makes you highly untrustworthy. You shouldn't have entered into a deal in which you couldn't have upheld your side if the price moved against you. Literally a week or two before you renegged, you had even assured me that you had "systems in place" to guarantee you'd have funds to repay investors even in a price crash via auto-selling bitcoin.

Of course, that was just more bullshit.

I think it wasnt mistake just calculation according previous month. The price growing so rapidly 1 month - 3.3x
With this speed 0.5BTC investment will worth 5k after 2 month with current btc price

I normally agree with RHavar at everything and I think he is right on this for the result as well but I think there are way more into this than just the buybacks.

I think if Dean did literally everything he did exactly like he did but afterwards he tried to sound like a nice person and tried to help everyone resolve their issues and basically literally switched from bad person that did buyback to good person trying to help everyone and made the casino successful then he could have earned many peoples hearts.

The trouble began when he did something bad and then yelled and cursed at everyone who complained about it, like how do you go about stealing peoples money and then blaming them for it? That was the crazy part.

all bitcointalk haters try to put price down and buy bkt cheap while is still possible. Cause they are know the future $$$

Great reply, I have to agree with you.

The value of invest going increasing or decreasing is one thing, the circumstances causing the investment to increase or decrease is another one altogether.

Serial scammer Dean Nolan is back after throwing a tantrum a couple of months ago saying he was leaving the forum... he said it multiple times in the past but always returned 

english not native for me, so sorry for mistakes
I think u should extrapolate this project to the real life. When u are the owner of the business and want to make it profitable u willing to do evrything to put it in this way. Many companies in real world have the growing piriod and  a crash piriod. When company growes evrybody happy (owener, investors, employees).When it startes to fall some investores becomes haters and u dont have money to pay seliary. Then u deside to lay off 50% of ur emploies and tell ur investors that u are fucked up. It happenes every single day, especcialy in hight risk buisness (hight profit expectation). There are some of them from well known in 2018 on cryptoindustry: Steemit, Bitmain,BCHvsBSV, Neo, ETC etc. There were a lot of rumors and scandals around them at this piriod. Have their investores lost money by investing in this company in the early 2018? Yes. Have they changed the game rules  on crushed crypto market to stay alive? Yes a lot of times. Will people buy BTC miner or BCH or Neo and make profit or will they use steemit in future? Yes definetly. So why at this reason betking is different from them. Have the players been scammed? No. Have investores lost part of their money? This true. Have the owner returned money (not directly invested in the BKB token)? Yes. Have the owner was changing the rules to stay betking alive? Yes. Have investors lost all their investments? NO. Betking still alive and working. I hope sooner or later all investors will recover their loosing if they are smart enogh.

even the site rolls are so scammy in nature. play once and win and the next time u try again, man u are gonna get some very outragous outcomes. the site is rigged and the owner is a scammer. he lures u into the site with bogous give aways, once you are in he cancels them.
before he closed i had my 2.5btc stolen by him

stfu. do you think guys give a fuck about being a newbie. u clearly stole his money period. has nothing to do with newbie

I hope crypto gambling and gaming industry will do something about this issue. Because scam is fraud is the biggest issue that every crypto investor and gamer's problem and I think this will never be solved without a legal action and in short we need to talk about an legalization and centralization step.

Whether or not it is a scam depends on why his investment decreased.

In your case it is clearly a scam as you did not fulfill the investment contract with not adding the crypto currency value increasement to the BKB fantasy token value and you furthermore did not use the collected crypto currencies to built up BetKing as promised.

 

More now since we bought up a lot more today increasing the price to 13 sats.
But, just because your investment is worth less that doesn't mean it's a scam at all.
When stock prices drop do you call that a scam? When BTC drops do you call that a scam?

Also, what is the problem? Under the old buyback method it would take you 3-4 years to even see a return since you could only sell 10% every 3 months.
Now the site is profitable and the token price is increasing and you will be able to get full return or even profit much much faster.
 

Yes, Dean, you're right.
My 0.5BTC investment IS worth 528$.

Absolute nonsense

The ICO investors that cashed in their BKB tokens received BTC from funds that were supposed to be used for the bankroll so that in itself was a major reason the betking site was failing.

The only reason why the bankroll funds were used to buy-back BKB tokens was because it gave serial scammer Dean Nolan the ample opportunity and excuse to cash-in his own BKB tokens. He continued to siphon-off funds from the funds that were specifically to be used for "marketing, promotions, SEO, design development, server costs and legal" because it was easier to scam that way than steal directly from the bankroll.

Since no facts and figures have ever been released it is impossible to verify anything and it would be sheer lunacy to believe anything that serial scammer Dean Nolan spouts

newbie account with no proof. And someone who didn't send any email or contact. Not exactly believable.

edit after checking your history: if you are talking about sports bets from when we removed sports, all winnings were credited to players.