Topic: Bitvest scam how you were likely conned out your btc. (Read 1571 times)

I really like Sparked but the whole thing doesn't make sense for me this time , I remember asking Sparked many times about the benefits of being mod and I was answered that the only good thing about being a mod is a higher faucet
yes you spent a lot of hours and I have always wondered about that but there is no proof that they owe you anything

I really hope that things will get solved soon , cause most likely it's a misunderstanding and both of you guys are awesome  

I really like Sparked but the whole thing doesn't make sense for me this time , I remember asking Sparked many times about the benefits of being mod and I was answered that the only good thing about being a mod is a higher faucet
yes you spent a lot of hours and I have always wondered about that but there is no proof that they owe you anything

I really hope that things will get solved soon , cause most likely it's a misunderstanding and both of you guys are awesome  

god damn it! this is gonna be good i can tell. i remember correctly Spark faithfully promoted Bitvest on his forum that i can see it on every corner. and defended them on investment threads   Money seem to prove the root of all evil   popcorn please.

We thank you for your contributions, you were a large asset to the team, it is unfortunate you had to do all this and try to damage our reputation. In reality, you could ask any of our mods, they are unpaid, they to have put in 100's to 1000's of hours of "work" each. They enjoy their time on the site, they do it for the community. They do not see it as "work" like you do. They do not abuse our trust, leak trade secrets, and then extort us for money.

Check everything on the forum about bitvest and you will find it was me who was grinding for this site while the owner sat on his ass.
I didn't put in 3500+ hundreds hours in a year for free that is illogical, so much i would be typing on bitvest during meeting or during work.

Zod basically just tried to play me like a fool and i was tired of it at this point, i had a questionable hack on my pc that could have leaked other private data from work and for clients.
Now they are trying to claim they never offered me such things then it was yeas we told you that.

Look on this forum i grinded bitvest hard all over the web no one does that kinda stuff for free not even a fan boy.

I talked to you several times over one year about the system, In fact i was told nothing about not getting any share i was told.
When you said the system would be no more i sent you a pm asking if that meant i won't be getting a share and there was no reply.

I was offered a boosted faucet and a cut so me getting faucet was only one part of the deal.
I'm requiring 2.5 btc in compensation for my work or im going to have to make all this public.

I seriously hope you have a talk with light because i was a serious help in building this sites reputation.
I was the one for so long the only one really pushing it until mods like absy decided to help.

I will quickly destroy the rep i spend thousands of hours building before i let you guys screw me over.

I'm going to give you guys till tonight to decided and then we will be handling this publicly along with negative rep you will receive from my account.
Also if there was a misunderstanding or not its your job as the host to make sure there isn't one which in these screen shots and copies of chat don't show that.

Which i don't see how there would be and no ones going to draw the same conclusions after they see your messages:
About halting withdraws, Saying not to tell people you were around so they couldn't ask you about the withdraws.

Which in turn lead to people betting that btc back that's the reason you let people bet during with draw requests.
That's fraud as you know and sites in the bitcoin community have been destroyed over way less.

I will also be sharing these conversations with the public so they can see i know it was partially my fault.

I have read over the logs, I don't see how well I can work with you on this if you selectively only remember the messages which side with you. You were told several months ago that the planned profit sharing program was not going forward. Even if we had promised you a share, it'd have been for the time since that point, until the time we clarified the program had not started and was canceled in the planning phase. That period has very little profit, probably under 10-20 BTC overall.

Everything stated in the previous message is true and present in our logs. Additionally, you have received a tad under 1 BTC from the faucet, about 0.85 of it being a "bonus" due to your rank, along with the payment we sent you due to the confusion, you have been paid over 1 BTC which is more than sufficient for a volunteer positon.

Another point which must be brought up is, you received no payments for several months (as you weren't entitled to any), why would you go to trying to spread lies (I understand you may have been confused about it, so you to your knowledge were acting honestly) instead of contacting us first, also why wait for nearly a year?

That number is reasonably close to our revenue but is well above our actual profits. Bitvest is not cheap to run, especially the well over 1.5 billion tokens we have had converted, and several BTC before the token system as well.

You were also told we were planning to give a cut to the moderation team, the 5% was not all for you, it also hadn't been decided whether or not it would go forward, this was communicated to you nearly immediately after the mention of the 5%. The plan was then dropped and not discussed any further, nor were any promises made to the mods.

You then had brought it up some time later, perhaps a month or two? I honestly don't know. But at that time, due to the confusion, and lack of communication, we had paid you 5% of the profits for the duration of that period and then told there would be no further payments, and the idea had been scrapped. Your continued "work" at that moment, and acknowledging that you understand the terms presented constitutes acceptance. You could have stepped down, or negotiated different terms, but you opted not do so.


You received a drastically larger faucet, which you could have easily received many bitcoins from. Our mods have claimed over 5 BTC from our faucet, about 3-4 BTC of that coming from the mods larger faucet size. If anything, this *is* a payment of a notable percentage of all profits, and overall larger than the 5% planned number for the mod team we had as an initial idea, and quite large considering nobody was ever promised anything.

If the plan ever did go forward back in the day, your share would have likely been only 0.75 - 1.25% at most.


I never said to you that you did this, all I know is your computer and network are where the actions were executed, while it may not have been you, I'm sure you'd agree that you are at least partially responsible since your computer being compromised is what caused the incident.



You were told many times you would not receive compensation for that, as you were doing it with your own funds, from your own pocket, you also had clearly shown you were aware of this

Okay, so basic accusation is:

a. You assert you were promised a cut of the profits (5%, when the site picked up), then told it wasn't going to happen (when you asked about it two months ago), but assumed they were still going to take care of you ("so i figured that didn't mean me") and when they didn't you demanded 2.5 BTC.

b. Bitvest intentionally delays paying out winners in hopes they will continue gambling and lose back what they won.

I'm sorry you feel you were lied to.  I can understand being upset by that, but it sounds like you really were not promised anything.  When they didn't respond to your direct inquiry, that was a pretty good clue.  They've never suggested that mods would be compensated other than a larger faucet, a point you made yourself many times in chat.

You did post a lot here for the site.  As I said over in the bitvest thread I think you would have made more over time being a good vice admin than going this route.  (And you can't take the moral high road here, because you were willing to not say anything for 2.5 BTC, if you really though delayed payments were intentional you should have spoken up right away.  But you didn't, in fact you continued to refer people to bitvest.)

As far as the delay time, the site takes its cut "up front" it's a percentage of what players wager, not what they lose.  The site doesn't care if players win or lose, that comes directly from investors, so I don't see a big incentive to delay payments to screw players.  Not saying players don't sometimes wait on payments, I've tried to help players who are waiting for a payout get in touch with Zodiac, just pointing out the site doesn't have a big incentive to delay payments.  

However, I like RHaver's idea about immediately debiting accounts.

You were often fun to chat with but your actions here don't make a lot of sense to me though.  I hope you'll drop this.

You only give that choice so they can lose it back you have told me several times you hope they lose it back.
To tell people you wernt there so you didnt have to answer withdraw questions.
You pushed it off on us other mods to be exact.

Most of your mod tools are meant to be shady.
Shaddow ban, bans people from rain but still allows them to speak no one ever answers them why they don't earn from the rain bot.
The new auto banning system, and system that bans people but lets them still type thinking they aren't banned.
Plus and minus system that allows mods to rate users chat to decide how often they get picked.
i can go on about your mod tools and rules you have which are slightly shady.
I can go on and on about the shady things you guys have done and prob will continue to do.

You know that proof of liability system yeah it don't update very often and they could be gone for hours with your money and you would never know.

In fact lets tell everyone how many tokens you pay out, the whole reason for the bonus rain is to allow users to put btc in it but guess who is getting most of if in the end that's bitvest.

What was SparkedDev's role in bitvest? A developer/admin?


So your proof of existence looks valid, that was a clever thing to prepare. It does not make SparkedDev look good as either:
a) He is extorting
b) He is willing to cover up for money


However, I guess most of us in the peanut gallery are more interested in if his claims are true or not  



Anyway, an obvious way for Bitvest to get on top of this is to switch to something like what bustabit/moneypot (and probably a lot more?) do and always debit accounts for withdrawals even if there's not enough money to process it right away. Then when there is enough funds, they get sent out.

Most of your mod tools are meant to be shady.
Shaddow ban, bans people from rain but still allows them to speak no one ever answers them why they don't earn from the rain bot.
The new auto banning system, and system that bans people but lets them still type thinking they aren't banned.
Plus and minus system that allows mods to rate users chat to decide how often they get picked.
i can go on about your mod tools and rules you have which are slightly shady.

No basically if anyone was having a good run up and draining the investors profits they would delay withdraws.
that would normally be more then what the wallet held, so someone who really drained investor profits.

Anyone who knows anything knows bitvest is not regulated and there other site 777coin is the same.

They answer to no one other then their self, they can run with your funds at any time and you would never find them.

There is a few people who have posted about yous guys in the past saying they bet all their funds away because you took to long.

We have at times delayed withdrawals. For example, we have intentionally delayed withdrawals of very large wins while we double-checked everything to make sure the wins were legitimate. There are also times when a large withdrawal request is made and I don't have access to the funds to process it, lightlord holds the vast majority of site funds and is a very busy person. Check our reputation and our thread, there is not a single complaint of a non-payment.

Don't you guys have something like nondisclosure or contract of sorts? this is really bad if you knew those things all this time then why didn't you come forward with your information and expose them sooner? now that they are not paying you hush money you are doing this?

So they protect their investors, but have they stole from any one other than delayed withdraws?

Don't you guys have something like nondisclosure or contract of sorts? this is really bad if you knew those things all this time then why didn't you come forward with your information and expose them sooner? now that they are not paying you hush money you are doing this?

So they protect their investors, but have they stole from any one other than delayed withdraws?