It qualifies as both, theres no obligation to gamble the faucet proceeds.
That's an important distinction. Other gambling sites may have a faucet but they'll only let you claim it when your balance is zero whereas we will let you claim it all the time and then withdraw if you want. |
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@jackg As you seem as determined as the village idiot to turn this into his service thread I have put you on ignore as well.
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@TheQuin, maybe you can drop an answer in this thread?:
I've found that replying to accusations made without evidence just brings more attention to them. |
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He is in it for the money, his bot doesn't make any profits, as thequin would have banned him otherwise.
I wouldn't ban anyone for winning. I only ban people for multi-accounting abuse of the faucet. He makes a little in referral commision and a lot more for us with what they lose but that isn't the point. Now can we get back on topic and stop talking about another service. |
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Really??? You still haven't worked out it's a gambling bot that he's offering.
And at some peint, people are going to hit zero with the bot (espeically when they're developer is a nut job and can flick a switch to stop the gambling bot from functioning at any time he wants to)...
It's just like any other gambling system. His most of his referrals start off winning a little and then all end up losing big. I've got the idiot on ignore but unfortunately if you lot quote his posts I can see them. Please remember this is the freebitco.in service thread not his service thread and use the report to moderator link when he starts promoting his own services rather than quoting and replying it. |
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Can someone clarify that people are selling javascript codes promising that which are earning 1 BTC to 20 BTC a day from freebitco.in, is there any logic behind this scripts making such amount? or all those are SCAMS?
Anything exists like that?
I could see there are 100's of videos on youtube selling such scripts
Please clarify
If it is a betting script it is 100% scam. No betting system gives any advantage over house edge and most deliberately reduce your chances by overbetting to produce more referral income. If it is a free play abuse bot the ones for sale a very crude and easy for me to deal with. The better ones are not for sale. @babygun Sorry, no update. |
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 I guess I was a little lucky today.  Thanks freebitco.in Congratulations. As Thirdspace just pointed out there is a $5 bonus for posting the screenshot in our Big Wins thread https://bitcointalk.org/index.php?topic=1850855.0As it's you I've done it anyway. Reward of 76207 satoshis given to user 4994240
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I can't credit your account with $5 if you don't tell me your user ID. |
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Are you sure that your odds are real:
Yes. It isn't only real but it is provably fair, that means you can prove it to yourself. It works perfectly everytime. Whenever someone questions that it always turns out they just didn't understand the logic. The stop after figure is the total for that session, not an individual bet and it is possible to place a bet much larger than the limit to trigger it. |
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TS is scamer. His ref back less than 15%. For last week i claim more than 90k satoshi. Total TS must give me 45k but he give me only 7k lol. F*cking retard give me back my money, I specifically made a new account for this
REFERRAL COMMISSION RATES FREE BTC 50% of base prize MULTIPLY BTC 0.40% of wager EARN BTC 25% of daily interest It doesn't work with bonus added to all rewards or active bonus. That's correct. I've checked the OP's account and it has 100% refer share back set. I also checked Enth's account and the total referral income and share received are the same. |
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Might be a silly question but when you say "Get 1 free lottery ticket and 1 reward points for every 0.00000500 BTC that you wager!" does that count the btc lost too?
Let's say my total bet was 0.00002500 but I lost 0.00002000 (BETTING P/L THIS SESSION : 0.00000500 BTC). Will I get how many Reward Points, 1 or 5?
Thanks!
When it says wagered amount that means it doesn't matter if you win or lose it is just the amount you bet that is counted. |
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I guess these words may be interpreted as “ the competition has been always here.” I didn’t know about the bounty you’ve mentioned, but now I’m sure it's worth thinking on the ideas. That's a good way of putting it. Wetsuit is much smarter than that.  Why would you dump a income generating business like Freebitco.in that would sustain you for years for a quick grab? The site seems to be self sustainable and it is generating a good income for the owner, so there are no reason why the owner should dump such an asset. He might sell the site for a large profit to someone else, if it becomes too much of a hassle. If it too much of a hassle he gets me to deal with it  There's certainly no plan to run away, only to enhance and add to the site. It's not for sale but I guess every business has a price. |
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P.S.
You guys have never replied to my proposal regarding eliminating bots from the game. Have you solved the problem?
The problem is an ongoing battle and there is never going to be an outright winner. We are always doing more to try and combat the bots. If anyone comes to us with information or ideas we can successfully implement and save us money we always pay a bounty. I don't think trying to turn that into a competition will really work. |
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Wetsuit sleeps a really long time then...
If it would take both the cosigners 24 hours to sign a transaction, we wouldn't get anything done. I twould be fater for them to fly to the BVI and pick up the keys themselves...
You seem to have missed the within part of that. |
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They contacted me to ask if it was OK to deposit such amounts for the interest and explained their reasons. I'll respect their privacy and just say that they have money because they have sense.
why they contacted you to ask such question if that wasn't their first deposit? am I correct to say that... because I see 136.93473000 BTC deposited to that address 2 weeks earlier if they didn't withdraw the first then total for 274 BTC worth ~$1.8M  close to 0.03 BTC daily return Yes, it was the same person, they did withdraw but I'd guess to a different address. They were just being considerate and asking if it was OK to deposit large amounts for short periods of time just to earn interest. That is an amount above what is normally in the hot wallet so I told them it would we aim to process larger withdrawals within 24hrs. They were pleased as other sites often take over a week. If we had a multisig wallet it would be harder to provide that level of service. |
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I mean it'll get good interest, however that is probably someone with a lot more money than sense... Unless it's a start of a larger portfolio they have of investments of course if they were mining quite early on...
They contacted me to ask if it was OK to deposit such amounts for the interest and explained their reasons. I'll respect their privacy and just say that they have money because they have sense. |
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And @thequin, that address dowsn't seem to have too many large depositors, the most I saw was about 0.21BTC. There's a difference between being trusted to store someone's balance and being trusted to store someone's change....
This tx https://btc.com/b3a315142733b3c4aa52a84a2f63b1bc9474d161161850d5e4004d43be5db3b8 from only 5 days ago is someone depositing 137.57465000 BTC and it automatically getting put into cold storage. |
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^^ This whole point underlines a large part of why is crypto used. Without our strange global central bank system fixing rates so low when really the natural layout would have most western world rates at about 5%, crypto would be far less popular otherwise and people would just leave cash in the bank.
As it is its quite certain people will lose money to inflation even after interest rates, its true in USA, EU, UK and certainly I think Japanese YEN has horrible problems with its currency value longer term. Of course over night they might beat crypto for some stability but otherwise they are doomed to lose value until each government can repay debts properly, unwind QE programs and put interest rates above inflation. I forget the figure but USA pays billions more in debt interest on their 21 trillion owed every time rates go up, so you know the people who hold dollar are the weakest link, will lose money out their pocket just sitting there over years.
The issue I and probably quite a few others have with investing here though is that it's not multisigged or anything. Wetsuit has contorl over several hundred btc in user balances and (according to the website) he's sotring it in one trezor.... I wouldn't say that was a particularly safew way to go if you ask me. I seriously doubt that Wetsuit would divulge the full extent of his cold storage solution, but a hardware wallet like Trezor is definitely one of the best solutions out there, because he wants easy access to the coins. Each of these hardware devices are backed with a Seed to recover the wallet, in the event that something goes wrong. <So I presume that he has backup devices> What other cold storage would you suggest for a operation like this? <Multiple hardware wallets?> The Trezor has been replaced with a Ledger and as stated on the site that is in addition to encrypted paper wallets. A multisig solution is not any more secure if there is only one owner of the business. Many people do trust us with large deposits, currently over 1400 BTC. You can do some simple blockchain analysis from our deposit address https://btc.com/1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h to see how active it is. |
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Expected loss is enormous in the wagering competition!
Looking at expected value misses the whole point of gambling. Some people win, some people lose, and the expected value is just what the average should statistically work out at. |
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