Bitcoin Magazine – On the whole, the global Bitcoin space is a self-policing community that uproots and exposes scams and unethical Bitcoin service operators with ruthless efficiency. Unfortunately, there is a growing body of objective evidence that Bitcoin gaming network BetCoin.tm is one such unethical operator in the Bitcoin ecosystem. According to a number of sources, the relatively new Bitcoin gaming platform BetCoin.tm has allegedly been involved in a range of ongoing fraudulent, unethical and illegal activities in an attempt to carve out market share and bring down the websites of their competitors. This includes copyright infringement in relation to the BetCoin Trademark, increasing evidence for BetCoin DDoSing the websites of their competitors, copying the SatoshiDice website UI and terms and conditions word-for-word, using automated scripts to artificially inflate the volume of bets on the Bitcoin dice site BetCoinDice.tm, and falsely representing the private keys used on their dice gaming site.
BetCoin.tm’s numerous press releases and their official website states repeatedly that they own the copyright and trademark for BetCoin ™ ; when in fact that trademark is already held by a registered company in the UK. The original company which owns the trademark is Betcoin Limited which is incorporated in the UK, owning Betcoin.com and over 50 Betcoin related domain names. Betcoin has been filed as a trademark by Betcoin Limited in both the EU and the USA. Betcoin Limited has tried to contact BetCoin.tm to try to resolve the situation in a peaceful manner without any luck yet.
Betcoin.tm’s gaming software is provided by the casino software company SoftSwiss, and its Chief Executive officer Ivan Motnik. However, most game graphics and sound effects are cloned copies of the successful in the real money online gambling industry company VIADEN Gaming, licensed and operating out of the very respected gambling jurisdiction Isle of Man.
