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Old 12-27-2017, 02:31 PM   #976
H0RUS
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Re: Betcoin Poker > Closed Dec 25 2017

I played here for over 1 year. After they took the table started rb, the bbj was another incentive i used to justjfy staying. I hate theives, one of the lowest of the low.
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Old 12-27-2017, 04:42 PM   #977
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Re: Betcoin Poker > Closed Dec 25 2017

Why Moore county, NC, if they live in TX?
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Old 12-27-2017, 04:47 PM   #978
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Re: Betcoin Poker > Closed Dec 25 2017

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Originally Posted by jjjou812 View Post
Why Moore county, NC, if they live in TX?
I apologise, wrong address...

Moore County District Attorney
715 South Dumas Avenue Room 304
Dumas, Tx. 79029
Attention: David Green
(806) 935-5654

Didn't notice the state in the book.

Sent from my SM-G950U using Tapatalk
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Old 12-28-2017, 12:46 AM   #979
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Re: Betcoin Poker > Closed Dec 25 2017

They just reversed themselves so fast they probably have whiplash. Maybe Santa left some coal in their stockings. Still, I'll believe it when I see it.

Quote:
Apology, Bad Beat Jackpot Distribution, and Discussion of the Future of Betcoin.ag

First and foremost, we would like to apologize to the great players that have played with Betcoin.ag over the past 4 years. We apologize to you, because our research indicates that Betcoin.ag has not taken the very best care of you. We also apologize for not handling the Bad Beat Jackpot matter in the most expeditious and fair matter as possible for all of you great players.

Betcoin.ag is now committed to addressing your concerns in the most professional manner and immediately handling player concerns. We are very excited to be improving the overall culture. As our first matter, we believe it is necessary to distribute the Bad Beat Jackpot based on the percentages to players who have contributed to that Jackpot through the years. We will be calculating the totals over the next week to two weeks and expect that all distributions will be posted to player accounts by the second week of January 2018.

We believe that this is the right and just thing to do, as many of you entrusted in Betcoin.ag and continue to do so. We are excited about the future of Betcoin.ag and committed to providing you the very best place to play. We can assure you a mix of new promotions, games and opportunities, as well as an exceptional 24/7 customer support experience. Please check back here for future updates and we sincerely thank all of you for playing at Betcoin.ag.
https://www.betcoin.ag/apology-bad-b...ture-betcoinag
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Old 12-28-2017, 01:26 AM   #980
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Diamond Re: Betcoin Poker > Closed Dec 25 2017

Quote:
Originally Posted by sc00ba View Post
They just reversed themselves so fast they probably have whiplash. Maybe Santa left some coal in their stockings. Still, I'll believe it when I see it.


https://www.betcoin.ag/apology-bad-b...ture-betcoinag
You can verify that this is made by the actual Betcoin website, because if you hover over the Betcoin username hyperlink it will show "user/2" at the bottom left hand side of the screen. This way you can differentiate whether it is an official Betcoin account or a fake. A fake will have "user/(a much larger number)".

I'm happy about this. This seems like the right thing to do even if it isn't financially the best thing to do for them... Well actually it probably is, because reputation of a company is very very important for their bottom line.
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Old 12-28-2017, 02:28 AM   #981
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Re: Betcoin Poker > Closed Dec 25 2017

This is great it true. Im pretty sure im due a couple hundred $ worth back easy.
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Old 12-28-2017, 03:42 AM   #982
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Re: Betcoin Poker > Closed Dec 25 2017

Hopefully they follow through on this. Hopefully they also unban the accounts that spoke out against the wrongdoing. As in most situations like this the outcry gets the attention and the attention can get the solution. All anyone ever wanted was to get paid in a fair manner. If Betcoin does that then I would say that resolves most or all of the issues they have with players.

Last edited by WichitaDM; 12-28-2017 at 03:48 AM.
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Old 12-28-2017, 02:02 PM   #983
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Re: Betcoin Poker > Closed Dec 25 2017

Huge, I bet they will do it like this though:
"You contributed 0.5btc to the BBJ total, at a time when BTC was $1000, so here's your $500"

etc, etc

Still, something is better than nothing.
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Old 12-28-2017, 02:13 PM   #984
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Re: Betcoin Poker > Closed Dec 25 2017

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Originally Posted by Gamblor777 View Post
Huge, I bet they will do it like this though:
"You contributed 0.5btc to the BBJ total, at a time when BTC was $1000, so here's your $500"

etc, etc

Still, something is better than nothing.
I was shocked last night at the surprisingly reasonable conversation I had with "betcoin" (who claimed to be new, I think, and claimed his name was Brandon or Brendan. It's all in the chat history)

If they do pay out,
I don't think they will be converting to USD before payouts.

If they do pay out properly, I think a lot of players will be saying omfg tytytyty.

I also think it's going to be a hell of a lot more complicated than they may think to figure everything out. Doing it right should be the absolute priority though.

In other news, I'm sure the whole community would love to know your (Gamblor777) relationship with xiaoxiao/harryjr/thief etc. He stole a **** load of bitcoin - spill the beans dude. My theory is you guys are/were roomates/good friends, now you're both busto and working together to start fresh.

Gamblor777/Veganhippie/iamHIV was a true legend for high stakes Crypto gambling back in the day - for those that don't know.

(FTR, xiaoxiao owes me exactly 0. I was a grindabit signup, they handled things as professionally as one would hope. Basically they said "hey sorry, after this date [a few weeks or so in the future], we're going to stop paying you" While xiaoxiao made up bull**** excuses for months, then Betcoin promised to lock his account and pay his signups back from the seized funds, all while xiao simply continued to collect)
^^much of italics are speculation
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Old 12-28-2017, 03:07 PM   #985
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Re: Betcoin Poker > Closed Dec 25 2017

Ya they are a BTC site they need to pay out in BTC or that doesn't really solve anything.
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Old 12-28-2017, 11:19 PM   #986
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Re: Betcoin Poker > Closed Dec 25 2017

I believe they were lurking on various forums, including this one, and were getting scared.

That's the only explanation as to why they are "paying" the Bad Beat Jackpot. They definitely aren't doing it for customer goodwill, as they were both willing to rip people off in the past AND probably don't expect many former poker customers in the casino.

So it's very likely that they are either scared of legal retaliation (lawsuits, criminal complaints) or illegal retaliation (people tracking them down and harming them physically).

I'm guessing it's more fear of the legal retaliation, so they are trying to offer a "solution" which will calm people down.

Unfortunately, much like the phony $22 million "refunded" after the UB scandal, there will be no list of who is getting paid back, so the company can claim they've made a large refund and there will be no way to verify it.

Since this will be a refund to anyone who has contributed to the BBJ, no individual will get a large sum of money, and the few people posting on forums won't be able to add it up to anything significant.

Additionally, many of the accounts receiving these "refunds" are likely dormant because they went broke a long time ago, and that money will never be cashed out. That's also part of the trick.

If they really wanted to distribute it, they would hold a freeroll for anyone who ever contributed to the BBJ, or alternately, anyone who ever played real money on their site.

But they won't.

This is yet another trick, to where they will pay a small percentage of that 43 BTC jackpot and make it appear that they paid the whole thing.

LOL at the phrase "We apologize to you, because our research indicates that Betcoin.ag has not taken the very best care of you."

Anyway, the players should demand a full list of all accounts receiving the BBJ, make sure it adds up the 43 BTC, and they should also agree to notify all players by e-mail receiving any money, so they know to log into the site and access it. I doubt they will agree to this, but that's the only way to even somewhat get an idea if they're really paying it out beyond a small percentage.
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Old 12-29-2017, 10:28 AM   #987
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Re: Betcoin Poker > Closed Dec 25 2017

Agree that there needs to be transparency or the same cast of characters are guilty of player funds theft and we are right back where they started.

For now I think until we are how they ultimately handle it we should give them the benefit of the doubt even though their previous track record doesn't really warrant it.

As to your point of course I think the initial thought process was to just steal it (I mean we know this they literally posted on their own site in plain English that they were going to keep it) followed up by people starting to take action against the perpetrators followed by the sudden reversal. That being said who cares why they are doing the right thing as long as they do. If they pay the entire bbj out in a fair and transparent manner I think most if not all of us will be willing to move on.
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Old 12-29-2017, 10:56 AM   #988
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Re: Betcoin Poker > Closed Dec 25 2017

Have tons to say on the topic, limited time now though.

I think kilowatt is wrong about betcoins motivation though.


I think any legal action is the last thing on their mind.

They are planing on continuing to run a sorts book and casin which, if managed properly, could generate some serious cash flow.

Rep in the community is worth more than 34 btc.
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Old 01-07-2018, 01:07 PM   #989
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Re: Betcoin Poker > Closed Dec 25 2017

Hadn't signed into betcoin in some time. Signed in and saw they are out of poker. Transferred my funds to main and initiated withdrawal. Received my funds within 24 hours.
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Old 01-10-2018, 06:16 PM   #990
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Re: Betcoin Poker > Closed Dec 25 2017

Quote:
Originally Posted by sc00ba View Post
They just reversed themselves so fast they probably have whiplash. Maybe Santa left some coal in their stockings. Still, I'll believe it when I see it.


https://www.betcoin.ag/apology-bad-b...ture-betcoinag
Anyone receive their portion of the BBJ?
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Old 01-11-2018, 01:20 AM   #991
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Diamond Re: Betcoin Poker > Closed Dec 25 2017

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Originally Posted by H0RUS View Post
Anyone receive their portion of the BBJ?
Not I, still waiting. I've been checking almost every day this week.
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Old 01-12-2018, 05:59 PM   #992
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Re: Betcoin Poker > Closed Dec 25 2017

PFA Interview

For anyone that wants to listen, I joined in and the Betcoin segment started a little after the 35 minute mark. (although Bigthangz was discussed prior to that )It's pretty entertaining though, and I recommend listening to the whole thing, but the show usually averages over 5 hours.

https://pokerfraudalert.com/radio/ra...1-21-06-40.mp3
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Old 01-15-2018, 02:00 PM   #993
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Re: Betcoin Poker > Closed Dec 25 2017

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Old 01-15-2018, 04:21 PM   #994
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Re: Betcoin Poker > Closed Dec 25 2017

It doesn't seem like they are doing much other than buying time. At what point do we start a Skype group to start getting the information we have on the principals over to the authorities if they don't do anything? They are acting extremely casual about stealing $700,000.
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Old 01-17-2018, 09:27 PM   #995
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Re: Betcoin Poker > Closed Dec 25 2017

They just posted that they are opening poker back up instead of paying out the BBJP.......


Quote:
In our attempt to calculate and repay Bad Beat Jackpot contributions precisely to those players that contributed them it was determined that each contribution cannot be determined with 100% accuracy. Without this 100% transparency and accuracy we believe the redistribution was unacceptable.

During this review process we consulted poker executives and players and all confirmed that the most transparent and best way was to open poker back up and lower the requirements of the bad beat jackpot until it is earned by the players. Our goal is to do the right thing and remain fully transparent therefore poker will open back up to everyone and the bad beat jackpot requirements will be lowered. As a result of this change in direction, some Staff members will be leaving the company and will be replaced. Players will have full access to ring games, table games, jackpots, tournaments and more.

We are modifying the rules of the BBJP in order to make sure they are crystal clear and we expect a posted update to the rules by Monday, 22, January 2018 and we expect poker to resume in full the week of the 26, January 2018.

We want to thank everyone for the great feedback and assistance in this matter. We are dedicated to making Betcoin.ag the best place in the world to play.
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Old 01-17-2018, 10:02 PM   #996
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Re: Betcoin Poker > Closed Dec 25 2017

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Originally Posted by vizion88 View Post
They just posted that they are opening poker back up instead of paying out the BBJP.......
I think it's safe to many of the players who contributed to the BBJ were playing from the USA... so if we are unable to deposit now, how are we gonna be able to play?

**edit: USA players will be able to play, and according to "plo8monster", the WPN tourneys will be returning as well**

Last edited by WSPreadHead; 01-17-2018 at 10:18 PM.
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Old 01-18-2018, 05:19 AM   #997
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Diamond Re: Betcoin Poker > Closed Dec 25 2017

YES! Is this a permanent thing or just until the BBJ is paid?
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Old Yesterday, 05:57 PM   #998
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Re: Betcoin Poker > Closed Dec 25 2017

Quote:
Originally Posted by WSPreadHead View Post
I think it's safe to many of the players who contributed to the BBJ were playing from the USA... so if we are unable to deposit now, how are we gonna be able to play?

**edit: USA players will be able to play, and according to "plo8monster", the WPN tourneys will be returning as well**
Opening back up because they couldnt cover paying out the BBJ and are so incompetent that they didnt realize it before "closing their doors"


I swear the biggest gamble of all is depositing to a site and trusting them to A.) pay you and B.) not be a ponzi scheme
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