I also think it's appropriate to include Xiao's rakeback business' unanswered questions and questionable practices since there's now zero doubt that he works directly for Betcoin. I'll begin compiling the list but wanted to get it out there now so that as little time as possible can go by with them able to let their scam flag fly without the other side of the story being presented to prospective
The reason Betcoin is not refunding people is because there is basically nothing to refund. A lot of people were getting 100%+ rakeback so the higher the rake the more they gained. You have to consider the amount paid back in VIP RB, 100% bonuses, 100% RB prop player programs, affiliate RB, tablestarter RB etc, all of which Twitchy failed to consider in his calculations.
Ok, show me your calculations then, I've asked you for them many times. I doubt you or Betcoin has even bothered to calculate anything.
I had already admitted that Betcoin made a mistake due to their inexperience in poker room management (to their credit they are growing exponentially wiser as time goes on). The reason Betcoin is not refunding people is because there is basically nothing to refund. A lot of people were getting 100%+ rakeback so the higher the rake the more they gained.
This is far from reality. Xiaoxiao has continually made derceptive comments like this and then refused to defend them in any way.
Using alts to "defend" himself by making fun of people calling him out on his scams:
I'm 90% sure that Nicesoft is a personal friend posing as just another player or alt account that belongs to Xiaoxiao. No smoking gun proof, but I'd be surprised if I were wrong (although I wouldn't feel bad considering the shit he's made up about me and pretended like they were fact)
Edit: I wouldn't normally make an accusation like this without evidence to prove it beyond a reasonable doubt. But I'm making an exception here because they have each proven themselves to be total scum and It would just make perfect sense if the nicesoft account were created with the sole purpose of promoting Betcoin and more specifically Xiaoxiao as an affiliate if you look at the post history (including those posts complaining about late rake-back payments - and the swc affiliate link included in sig)
Edit: I wouldn't normally make an accusation like this without evidence to prove it beyond a reasonable doubt. But I'm making an exception here because they have each proven themselves to be total scum and It would just make perfect sense if the nicesoft account were created with the sole purpose of promoting Betcoin and more specifically Xiaoxiao as an affiliate if you look at the post history (including those posts complaining about late rake-back payments - and the swc affiliate link included in sig)
I wonder what the last lost made by 'nicesoft12' was?
Totally approve of this rb service. I'm at gold now so that's 63% and climbing! The great thing is that Xiao helps me out when support is backed up, and he's always answered my messages within 24hrs.
...oh.
It's also important to note that Xiao has been accused of slow paying people dating back to January of this year. He deleted all of those posts and started locking his thread to bury reports of people getting scammed. And then of course he would 'unlock' for 1 minute to bump his thread and then 'lock' it again. While he was busy actively stealing money. It seems like this was a predetermined, intentional activity.
Remember, this guy was advertising for a "Social media creator/manager" as late as two weeks ago. While he was stealing money and locking his thread so nobody could talk about it, he was trying to take some of that money (.125BTC/week) to pay someone to try to get him more sign ups. Premeditated. Ponzi Scheme. Super illegal. https://bitcointalksearch.org/topic/m.18649533
Quote for the inevitable deletion:
Your duties will handling social media updates, posts, and adding and accepting friends/followers for the following avenues:
-Facebook
-Twitter
-Instagram
-Youtube
You must be reputable and competent in simple computer tasks as well as semi-knowledgeable in poker.
You must be able to write in proper grammar and be able to dedicate 1-2 hours per day/5-8 hours per week to handle these simple tasks.
Compensation will be .125 ($140) per week.
Please PM or email [email protected] for more details.
Accepting applications now.
-Youtube
You must be reputable and competent in simple computer tasks as well as semi-knowledgeable in poker.
You must be able to write in proper grammar and be able to dedicate 1-2 hours per day/5-8 hours per week to handle these simple tasks.
Compensation will be .125 ($140) per week.
Please PM or email [email protected] for more details.
Accepting applications now.
So we know this guy is just pure scum. The question now is what role did Betcoin play in this? They clearly employed him, he had unparalleled access to support and possibly the back-end of the site. They watched while he gambled away money that wasn't his, covered for him, and allowed him to continue scamming their customers.
I wonder if they are still giving him the money that his "Over 600" players are generating? I wonder how high up this scam goes?
