Pages:
Author

Topic: It takes years to build a reputation and seconds to break it - page 9. (Read 3378 times)

legendary
Activity: 2436
Merit: 1849
Crypto for the Crypto Throne!

People are wiser now and they know the true to a fake one, those fake reviews can not stand here in Bitcontalk, they can do that on other platform but not here in Bitcointalk, reading reviews coming here in Bitcointalk are worth it because they are independent reviews and it's an open discussion to see the truthfulness of those reviews.

People still stupid enough, lol (but they think otherwise, yes). And they often easily manipulated, so there is no big deal to fool them. For that reason reviews is bought ins other places and sometimes even here (but here is problem that reputable users doesn't make paid reviews and review from Newbie looks enough suspicious)
hero member
Activity: 2730
Merit: 632
...

Yes, and that's why it is much more probable that we can be scammed by a small and unestablished company than by a large and reputable one. We should be very cautious with newly appeared  gambling sites, especially if they are never running expensive(for them) promos, sig campaigns etc. It means they are not planning to establish themselves as a long running business, which in turn means that there is a high probability of exit scam.

running expensive marketing but that gambling site ends up being a scam is a stupid move I think...

Joining a new gambling site has a big enough risk, but many are run honestly by a professional team. if a new site appears but only does marketing with talk then ignore it because it will most likely end in a scam, usually they attract users with big welcome bonuses or other unreasonable promos.
When you are already experienced then you would able to determine or would able to notice that right away on where their initial behavior when they are just starting turns out to be bad then you can
already presume that they might really up into something.Its just nonsense that they would be spending tons in marketing and turn out to be a scam later on? Its just really making out some
contradiction about on that manner which is really hard to believe.When they are just planning to scam out users since from the start then they wouldnt consider on letting those bucks flow into nothingness.
Reputation is something that cant be built easily and once they had gained it then they do now on whats the positive impact of it.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
Usually a company that does that is when developers who are currently unable to think further about how much profit they get when they have a good reputation and have a platform with very fast development and have selling products that many people are looking for, it is certain that the company will become big and can get a lot of profit in the long term rather than just getting a momentary profit because of doing a scam.
sr. member
Activity: 2338
Merit: 365
...

Yes, and that's why it is much more probable that we can be scammed by a small and unestablished company than by a large and reputable one. We should be very cautious with newly appeared  gambling sites, especially if they are never running expensive(for them) promos, sig campaigns etc. It means they are not planning to establish themselves as a long running business, which in turn means that there is a high probability of exit scam.

running expensive marketing but that gambling site ends up being a scam is a stupid move I think...

Joining a new gambling site has a big enough risk, but many are run honestly by a professional team. if a new site appears but only does marketing with talk then ignore it because it will most likely end in a scam, usually they attract users with big welcome bonuses or other unreasonable promos.
legendary
Activity: 2758
Merit: 1228
Cryptsy, MtGox, Cryptopia, Bitpoint etc. - some of these claimed to be hacked which I doubt.

I also don't understand why after being established as a reputable company, scams or alleged hacks will happen then they will get away without giving the right compensation to their users.

Even with the most famous companies today, we should just remember that always play safe as we don't know what will happen next.

Before they can use this as many clients doesn't know on what is the real happening between that incidents but now they can't fool people by using that excuse since this has been used for so many times and now everyone now that if  this excuse came out the exit scam attempt has been done so this must be a good indicators to us that never trust any platform even if they are old and doing such good business since maybe there will be time that they will do a the same exit scam scheme.
Most of those excuses are literally obvious that they are just making alibis or diversion just for them to looked innocent or didnt really make and exit scam this is why its really hard to believe on anytime
a platform or known merchant or any services that suddenly been hacked or simply those exit scams which the public could really be determined obviously because after all the things that we had known
or seen in the past then trust is something that you cant just give on 100%. Reputation can be built but it could really be ruined in an instant when intentions do suddenly changed up.

Sort of alibis which been abused by many scammers so expect that many users will not believe this such stunt. Also maybe they intentionally build up a good reputation so that they can get the trust of majority and in the end they will scam them if they are settled with the huge balance they accumulated from the deposits of their clients so also we must awate on that things.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
Usually a company that does that is when developers who are currently unable to think further about how much profit they get when they have a good reputation and have a platform with very fast development and have selling products that many people are looking for, it is certain that the company will become big and can get a lot of profit in the long term rather than just getting a momentary profit because of doing a scam.

Yes, and that's why it is much more probable that we can be scammed by a small and unestablished company than by a large and reputable one. We should be very cautious with newly appeared  gambling sites, especially if they are never running expensive(for them) promos, sig campaigns etc. It means they are not planning to establish themselves as a long running business, which in turn means that there is a high probability of exit scam.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
But they're bothering those reputable casinos and they never stop. They might stop for a while but soon, they'll come back at any time that they wish to bother again the casino but they'll surely be ignored and no matter how hard they are to complain, they've been known to be that type of person. It's easy to just ignore them but their bothering is also irritating not just for those casinos that they bother but also for the other gamblers that don't seem to find any problem with the casino they're playing with.
Sure, they could come back and complain how many times they want but they're just wasting their time doing it over and over.

I agree it's annoying from a gambler's view knowing that you're playing on that site but it's best to avoid them because giving them attention would only fan the flames and encourage them to spread false accusations.
Well, that would be the matter and the best thing to do if we keep on seeing them. There's the ignore button if it's on the forum and if they keep on complaining through the chat of the casino then there are those moderators that will shut them down if it's already pointless to converse with them.

Usually a company that does that is when developers who are currently unable to think further about how much profit they get when they have a good reputation and have a platform with very fast development and have selling products that many people are looking for, it is certain that the company will become big and can get a lot of profit in the long term rather than just getting a momentary profit because of doing a scam.
And talking about it in casino development, it's the toughest process of a casino business. And its speed depends on the owner of it including the developer but mainly the front face is going to be the owner of it and how he's going to handle and run the business itself.
legendary
Activity: 3094
Merit: 1127
Cryptsy, MtGox, Cryptopia, Bitpoint etc. - some of these claimed to be hacked which I doubt.

I also don't understand why after being established as a reputable company, scams or alleged hacks will happen then they will get away without giving the right compensation to their users.

Even with the most famous companies today, we should just remember that always play safe as we don't know what will happen next.

Before they can use this as many clients doesn't know on what is the real happening between that incidents but now they can't fool people by using that excuse since this has been used for so many times and now everyone now that if  this excuse came out the exit scam attempt has been done so this must be a good indicators to us that never trust any platform even if they are old and doing such good business since maybe there will be time that they will do a the same exit scam scheme.
Most of those excuses are literally obvious that they are just making alibis or diversion just for them to looked innocent or didnt really make and exit scam this is why its really hard to believe on anytime
a platform or known merchant or any services that suddenly been hacked or simply those exit scams which the public could really be determined obviously because after all the things that we had known
or seen in the past then trust is something that you cant just give on 100%. Reputation can be built but it could really be ruined in an instant when intentions do suddenly changed up.
legendary
Activity: 2758
Merit: 1228
Cryptsy, MtGox, Cryptopia, Bitpoint etc. - some of these claimed to be hacked which I doubt.

I also don't understand why after being established as a reputable company, scams or alleged hacks will happen then they will get away without giving the right compensation to their users.

Even with the most famous companies today, we should just remember that always play safe as we don't know what will happen next.

Before they can use this as many clients doesn't know on what is the real happening between that incidents but now they can't fool people by using that excuse since this has been used for so many times and now everyone now that if  this excuse came out the exit scam attempt has been done so this must be a good indicators to us that never trust any platform even if they are old and doing such good business since maybe there will be time that they will do a the same exit scam scheme.
hero member
Activity: 2590
Merit: 644

Doesnt really matter if the amount involved is small or big because it would really be considered a scam if proven out that theyre not paying on what they owe to the players.

I think that the amount it concerns is very important. In the situation of unintended problems (financial trouble), a small amount could be easily covered and a loss of reputation would probably not occur. If a large amount is involved, the casino may choose to sacrifice reputation as the cost could outweigh the loss of it.
^ That is why many of them are did want to ruin their reputation by stealing any amount from the user because there probably instances that will affect their reputation. Because this reputation is a very important thing in any form of business, it could be firmed with strong positive reputations attract better people, and also have loyal users once your casino is reputable enough. Once reputation distroyed, a lot of people will advise another people and to another and so on, it will continuously spread out until there is no potential users will come.
hero member
Activity: 2828
Merit: 611
If people buy reviews to paint a picture of a good standing business,  what would stop the competition from buying people to tarnish a competitors reputation to have an advantage in the business?
I feel there was some paid agenda against sportsbet.io some months ago but because the accusations never had any facts and substance to them up, they never lived up for too long. Hence, it might be easy to tarnish a casino's reputation but it cannot be upheld for long unless there is some truth behind it.
hero member
Activity: 2856
Merit: 674

Doesnt really matter if the amount involved is small or big because it would really be considered a scam if proven out that theyre not paying on what they owe to the players.

I think that the amount it concerns is very important. In the situation of unintended problems (financial trouble), a small amount could be easily covered and a loss of reputation would probably not occur. If a large amount is involved, the casino may choose to sacrifice reputation as the cost could outweigh the loss of it.

I agree with @Hamphser here, big or small, a scam is a scam and that destroys the reputation of the business. If someone made a scam accusation against the site although the amount involved is small, people would see it and they will stay away in a casino so they'll not face that high risk of losing money.

It always starts with a small amount then it will grow over time, better avoid them as early as possible and I'm sure gambling operators understand that.
legendary
Activity: 1554
Merit: 1139
It's always easier to destroy than to build. It's the same everywhere. You can image how a man would take months and sometimes years of work and input it in building a house or perhaps acquire the house through taking a mortgage loan and using months of deduction with profit to pat it up and suddenly, could lose it within the twinkle of an eye. Either to an insubordinate child that sells the whole thing off as we have it in Africa often, natural disaster consumes it or its lost to some conflict.

Same happens to the trust built in either a company or amongst business associates. Worst of it is what happens in the crypto space where we remain  anonymous to each other and our trust is all we can hope on in doing transactions. Luckily for us, we've got escrow for which we can confer upon some degree of trust but then, anything can happen and to that fact, our wallet becomes  the closest thing to safety for our coins. In essence, you can't go all in on trust it could be destroyed either willingly at a targeted value or unwilling by some misplaced elements like scammers and unworthy employees.
legendary
Activity: 1512
Merit: 1005

Doesnt really matter if the amount involved is small or big because it would really be considered a scam if proven out that theyre not paying on what they owe to the players.

I think that the amount it concerns is very important. In the situation of unintended problems (financial trouble), a small amount could be easily covered and a loss of reputation would probably not occur. If a large amount is involved, the casino may choose to sacrifice reputation as the cost could outweigh the loss of it.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
I think it all depends on what amount is involved in the scam.
I also think that many scams are not planned from the beginning but it is caused by the situation on the market or private situations of people responsible for a given business.
I don't think anyone has built a successful business over the years just to shut it down overnight.
I don't want to excuse anyone, because the majority of scams are made with premeditation. I mean only those that happen when someone has built their reputation over the years.
There are actually some exemptions with these one or simply truly situational because not all would really be having that fixed goal on scamming out people on the first place when they had already established enough
when it comes into their reputation.

If we do make out some balancing or situational consideration in terms of long term profits or just simply an on spot ones then i dont see for those gambling owners would be taking such step without minding
on which one would really make out some advantage.

Doesnt really matter if the amount involved is small or big because it would really be considered a scam if proven out that theyre not paying on what they owe to the players.
legendary
Activity: 1512
Merit: 1005
I think it all depends on what amount is involved in the scam.
I also think that many scams are not planned from the beginning but it is caused by the situation on the market or private situations of people responsible for a given business.
I don't think anyone has built a successful business over the years just to shut it down overnight.
I don't want to excuse anyone, because the majority of scams are made with premeditation. I mean only those that happen when someone has built their reputation over the years.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
For a business to build a reputation, it takes a lot of money and time to be invested to achieve this through marketing, brand awareness and all other activities.

But my question is why would they risk all they have invested to a few players by scamming them? I for one know the forum will side with the player that have been allegedly being scammed in most cases but how do casino's/bookies  protect themselves if not terms and conditions?

If people buy reviews to paint a picture of a good standing business,  what would stop the competition from buying people to tarnish a competitors reputation to have an advantage in the business?
The community will side with whoever is right and not precisely will side with the player all the time, if the terms and conditions are reasonable and the player was the one to break them and the casino can show evidence of this then the community will side with the casino and we have seen many examples of this in the past, however if the player can prove his case and show the casino is trying to scam him then the community will side with him, many times the accusations are just a misunderstanding or the claims of the player were already being considered and the customer service was busy with many other issues and things are resolved peacefully.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
Cryptsy, MtGox, Cryptopia, Bitpoint etc. - some of these claimed to be hacked which I doubt.

I also don't understand why after being established as a reputable company, scams or alleged hacks will happen then they will get away without giving the right compensation to their users.

Even with the most famous companies today, we should just remember that always play safe as we don't know what will happen next.
The thing that can make them do that is because they see a lot of money in their hand and they want to possess that money for themselves. That is greediness and that comes to people who see big money in front of them. They do not realize or remember that they need years to build trust from their customers and ruin that in a second.

We really need to be careful if that is all about money because money can buy someone.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
Cryptsy, MtGox, Cryptopia, Bitpoint etc. - some of these claimed to be hacked which I doubt.

I also don't understand why after being established as a reputable company, scams or alleged hacks will happen then they will get away without giving the right compensation to their users.

Even with the most famous companies today, we should just remember that always play safe as we don't know what will happen next.
This has happened in the past. Now such incidents isn't happening around. In recent days more number of gambling service providers stopped the service and moved to other business. By the time they could've ended with an exit scam, but none did that. They notified users about the plans and later closed settling all the funds deposited on the platform. Right now things have changed a lot than the past when we talk of cryptospace and reputation.

It must be admitted that the current condition of the crypto space is not as bad as in the past. In addition to users getting smarter in choosing
the platforms used, some gambling platforms also think about their reputation. I have also experienced using several gambling platforms that
went bankrupt for several reasons, but they are responsible for returning all funds belonging to the user. So I have to admit I'm getting more
comfortable playing online gambling now, although there are still some gambling platforms that do not think about their reputation and continue
to harm their users.

Due to more number of scams and usage of cryptocurrencies on darkweb, earlier there is a negative talk on anything associated with bitcoin. The reason for that is the bad image these firms that made on bitcoin. As said, now situation have changed a lot. Earlier people aren't aware of bitcoin and its potential. Now there is big awareness and people are getting much positive about it. As a part services associated with cryptocurrency have been getting turned to function in a legitimate way.
full member
Activity: 868
Merit: 150
★Bitvest.io★ Play Plinko or Invest!
Cryptsy, MtGox, Cryptopia, Bitpoint etc. - some of these claimed to be hacked which I doubt.

I also don't understand why after being established as a reputable company, scams or alleged hacks will happen then they will get away without giving the right compensation to their users.

Even with the most famous companies today, we should just remember that always play safe as we don't know what will happen next.
They are on the legal side to do it when they got hacked and they don't give any compensation to their clients because there's probably a clause out in their terms and conditions that they won't be responsible when there's a hack or something like that. Totally agree with you about playing safe and staying skeptical about every company no matter how established they because they too can do an exit scam.
Pages:
Jump to: