Topic: ✅ɃETCOIN.AG - POKER CLOSING - 42 BTC BBJP??? ✅ - page 7. (Read 12808 times)

I will not get involved in the conversation here but have a question that you may know. Doesn't that only show the tournaments that were played, and so they could be up on cash? Is there a site you know of that also tracks the cash side?

Have you really fooled yourself into believing that you're a winning poker player?


Truth hurts man, I'm sorry.  But - it will also set you free <3

Then again, you still have about a week left to get back that $8k....

Have you really fooled yourself into believing that you're a winning poker player?


Truth hurts man, I'm sorry.  But - it will also set you free <3

Then again, you still have about a week left to get back that $8k....

Why haven't they announced that they're closing the poker room in the BitcoinTalk thread?  Maybe it's just a hoax? ---> Fake News?  I sure hope it's fake because poker is the only reason I play at betcoin.  It's been real, it's been nice, but I gotta go if all they'll be providing are the negative EV games.

Twitchy you're totally mistaken now.

I'm not Veganhippie. I know Vegan and was friends with him from 2p2 in the past.

He's simply helped me post my affiliate link before with his screenname sometimes to help me get some players and get some income, that's all.

Lol at you thinking I am Vegan, you're not the all knowing detective.

To prove that you are wrong, I'm willing to allow a forum moderator to show that my forum IP has never crossed with Vegan's since we live far away from each other.....

Go ahead and ask anyone, I have played more hands than anyone on the site. Ask people in chat if they've seen me. My reputation is solid. Let me know, PM me if you want the cashout.

Summary:
-Betcoin affiliate (xiaoxiao) got really good rakeback deal for his signups(way better than ant other affiliate)
-Eventually xiaoxiao lost all his players rakeback.
-Betcoin locks xiaoxiaos account for not paying players.
-Betcoin tells players they will pay them from what xiaoxiao would of normally be paid.  
-Betcoin keeps all or most of the money for themselves.
-Betcoin banned/censored/ignored players who tried to get to the bottom of issue.

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Here are some facts on the xiaoxiao rakeback issue:

For several years, xiaoxiao was able to offer a very good rakeback deal - with a decent VIP level, players were earning a little more than 100% rakeback with ~70% of it coming from xiaoxiao.  Most regs who hadn't signed up under xiaoxiao created new accounts because normal affiliates were being paid less than half of what xiaoxiao was actually returning to players. Here is one of xiaoxiaos original thread on Bitcointalk.

He also ran betcoinrakeback.com (now defunct)

Last spring ( april/may 2017) xiao degened everyones rakeback.  After months of excuses and empty promises he admitted he was broke and came clean in this post.

Betcoin responded on their own forum in this thread. (cliffs below)

Betcoin posted saying that they had frozen xiaoxiaos account, and would be using the funds from his account to pay his players:

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https://i.gyazo.com/93d4a3d96eae3c97746375aed83aaa1c.png
===========================

A couple months late, they decided that the funds that xiaoxiao would of normally been paid would not go to xiaoxiao, or the players that signed up under xiaoxiao.  They would simply be kept by Betcoin:

https://i.gyazo.com/05d5202a56664dd970c82f59a3e79249.png

They have since refused to respond to requests for explanation, blaming xiaoxiao for stealing all that money.  (which he did steal, until they locked his account and began to keep it all for themselves)

Also, they still offer affiliate program: https://www.betcoin.ag/affiliates
==========================

There were 3 ways Betcoin could of handled this situation.

1) Do nothing.  The relationship between an affiliate and a player is just that.  Let the players and the affiliate work things out.

2) Do something.  Lock the affiliates account and pay the players what the affiliate had previously promised - including the cut that the affiliate was keeping for themself until all players were made whole.

3) Lock the affiliate account, and keep all of the funds that would of otherwise been paid to the affiliate (and then the players) for themselves.

Betcoin chose option 3.

I doubt they could have any more contempt for their customers.