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[GinnyBanzz]

This thread has piqued my interest because I have often wondered about the sustainability of freebitco.in.

They' been going a long long time, so its apparent they were either mining heavily back in 2012 onwards, or invested in Bitcoin when the price was very very low, so I have no doubt they have cold wallets with amounts of Bitcoin that would make the average persons mouth water. Their business model is questionable though, they get pounded by bots and people trying to cheat their referral system and despite their best efforts, I imagine some of the more sophisticated ones are flying under the radar and bleeding sats from them.

The main concern for me was that they are a tiny operation (2 or 3 people at most) and have absolutely NO contingency plan if shit was to hit the fan. I questioned the Quinn a while back about this, and his arrogance about it was quite amusing. They have no backup plan if something bad was to happen to them. They were absolutely no interested in putting my mind at rest in regards to the safety of our Coins on their platform. In other words, if shit does hit the fan (god forbid, something was to happen to the only 2 guys running the site), then most likely you can kiss your Bit[Suspicious link removed]dbye.

When I found this out I withdraw 90% of my balance on there. I was never a high roller, but I had a fair bit over 1 Bitcoin on their platform and earnt interest daily, but after what the Quinn said, I knew that their operation was fragile and could crumble at any moment.

I'd urge people to consider how much they leave on freebitco.in. The free interest sure is tempting, but there is absolutely no insurance or backup plan that your coins are safe on there. By now means am I calling these guys scammers, but considering they now probably have potentially hundreds of millions of dollars in Bitcoin in cold wallets, at the end of the day they are just 2 guys, with very very very little information about them. They are not a legitimate business, they have no real customer support, their registered address is most likely just a PO box offshore somewhere.

[Ronaldinho10]

This thread has piqued my interest because I have often wondered about the sustainability of freebitco.in.

They' been going a long long time, so its apparent they were either mining heavily back in 2012 onwards, or invested in Bitcoin when the price was very very low, so I have no doubt they have cold wallets with amounts of Bitcoin that would make the average persons mouth water. Their business model is questionable though, they get pounded by bots and people trying to cheat their referral system and despite their best efforts, I imagine some of the more sophisticated ones are flying under the radar and bleeding sats from them.

The main concern for me was that they are a tiny operation (2 or 3 people at most) and have absolutely NO contingency plan if shit was to hit the fan. I questioned the Quinn a while back about this, and his arrogance about it was quite amusing. They have no backup plan if something bad was to happen to them. They were absolutely no interested in putting my mind at rest in regards to the safety of our Coins on their platform. In other words, if shit does hit the fan (god forbid, something was to happen to the only 2 guys running the site), then most likely you can kiss your Bit[Suspicious link removed]dbye.

When I found this out I withdraw 90% of my balance on there. I was never a high roller, but I had a fair bit over 1 Bitcoin on their platform and earnt interest daily, but after what the Quinn said, I knew that their operation was fragile and could crumble at any moment.

I'd urge people to consider how much they leave on freebitco.in. The free interest sure is tempting, but there is absolutely no insurance or backup plan that your coins are safe on there. By now means am I calling these guys scammers, but considering they now probably have potentially hundreds of millions of dollars in Bitcoin in cold wallets, at the end of the day they are just 2 guys, with very very very little information about them. They are not a legitimate business, they have no real customer support, their registered address is most likely just a PO box offshore somewhere.

is it known where are they from ?? Only 2 people it seems impossible to me . I don t call them scammer but i would like to see more transparency by thei side .

[GinnyBanzz]

This thread has piqued my interest because I have often wondered about the sustainability of freebitco.in.

They' been going a long long time, so its apparent they were either mining heavily back in 2012 onwards, or invested in Bitcoin when the price was very very low, so I have no doubt they have cold wallets with amounts of Bitcoin that would make the average persons mouth water. Their business model is questionable though, they get pounded by bots and people trying to cheat their referral system and despite their best efforts, I imagine some of the more sophisticated ones are flying under the radar and bleeding sats from them.

The main concern for me was that they are a tiny operation (2 or 3 people at most) and have absolutely NO contingency plan if shit was to hit the fan. I questioned the Quinn a while back about this, and his arrogance about it was quite amusing. They have no backup plan if something bad was to happen to them. They were absolutely no interested in putting my mind at rest in regards to the safety of our Coins on their platform. In other words, if shit does hit the fan (god forbid, something was to happen to the only 2 guys running the site), then most likely you can kiss your Bit[Suspicious link removed]dbye.

When I found this out I withdraw 90% of my balance on there. I was never a high roller, but I had a fair bit over 1 Bitcoin on their platform and earnt interest daily, but after what the Quinn said, I knew that their operation was fragile and could crumble at any moment.

I'd urge people to consider how much they leave on freebitco.in. The free interest sure is tempting, but there is absolutely no insurance or backup plan that your coins are safe on there. By now means am I calling these guys scammers, but considering they now probably have potentially hundreds of millions of dollars in Bitcoin in cold wallets, at the end of the day they are just 2 guys, with very very very little information about them. They are not a legitimate business, they have no real customer support, their registered address is most likely just a PO box offshore somewhere.

is it known where are they from ?? Only 2 people it seems impossible to me . I don t call them scammer but i would like to see more transparency by thei side .

I believe the Quinn is from the UK. I'm sure the website itself is registered to an address in Panama or somewhere like that. I'm not sure about Wetsuit, and I think there might be 1 other guy at most. But again, this is the problem with them - 0 transparency about who they are, where they operate from etc.

[decodx]

But again, this is the problem with them - 0 transparency about who they are, where they operate from etc.

Why is this a problem?  This hasn't been a problem for the past 10+ years, why would it be a problem now?  As long as everything works as it should and the site pays.

[GinnyBanzz]

But again, this is the problem with them - 0 transparency about who they are, where they operate from etc.

Why is this a problem?  This hasn't been a problem for the past 10+ years, why would it be a problem now?  As long as everything works as it should and the site pays.

Because some people want to have reassurance that their money is being managed properly. I know of a few high rollers (10 bitcoins + ) who moved all their coins off freebitco.in because there was so little information on them and when they heard the two guys operating the site had no backup plan if shit hit the fan.

[Get-Paid.com]

Because some people want to have reassurance that their money is being managed properly. I know of a few high rollers (10 bitcoins + ) who moved all their coins off freebitco.in because there was so little information on them and when they heard the two guys operating the site had no backup plan if shit hit the fan.

You indeed worry about valid points but some posters here worry about our intentions of "spamming" the board with some youtube videos that have nothing but concrete information to provide as well as our own experience, let alone so many users here who indeed post nonsese in other topics and such, so yes, you make valid points that need to be addressed.

Why is this a problem?  This hasn't been a problem for the past 10+ years

Back to this topic where you raised several questions against us:

https://bitcointalk.org/index.php?topic=5487189.0

Maybe 7-8 years ago everything was fine, you do understand users have no way of getting in touch with them ... what if you have 1 BTC stuck there? Try to take it a few steps forward.

Again, as mentioned in the topic/video we want them to succeed, we get paid on a weekly basis from them with 128k+ referrals, but how this contradicts the fact there are serious issues here?

[decodx]

Because some people want to have reassurance that their money is being managed properly. I know of a few high rollers (10 bitcoins + ) who moved all their coins off freebitco.in because there was so little information on them and when they heard the two guys operating the site had no backup plan if shit hit the fan.

You indeed worry about valid points but some posters here worry about our intentions of "spamming" the board with some youtube videos that have nothing but concrete information to provide as well as our own experience, let alone so many users here who indeed post nonsese in other topics and such, so yes, you make valid points that need to be addressed.

I have already pointed out that this is not true and that your video is highly subjective and opinion based. You have cherry-picked information that fits your narrative and ignored the rest.

Maybe 7-8 years ago everything was fine, you do understand users have no way of getting in touch with them ... what if you have 1 BTC stuck there? Try to take it a few steps forward.

As far as I am aware, nothing major has changed with freebitco.in compared to 7-8 years ago. (Correct me if I'm wrong as I didn't use the platform back then.) There's no point in discussing "What ifs..."

Again, as mentioned in the topic/video we want them to succeed, we get paid on a weekly basis from them with 128k+ referrals, but how this contradicts the fact there are serious issues here?

You want them to succeed? We are talking about the longest-running Bitcoin faucet and a gambling platform that has operated for over a decade with no major issues or scam accusations. That sounds like success to me!

[Synchronice]

Why is this a problem?  This hasn't been a problem for the past 10+ years

Back to this topic where you raised several questions against us:

https://bitcointalk.org/index.php?topic=5487189.0

Maybe 7-8 years ago everything was fine, you do understand users have no way of getting in touch with them ... what if you have 1 BTC stuck there? Try to take it a few steps forward.

Again, as mentioned in the topic/video we want them to succeed, we get paid on a weekly basis from them with 128k+ referrals, but how this contradicts the fact there are serious issues here?

Seriously, what's your point? What do you want to say? Okay, understood that, as you say, freebitco will fail but why is that your problem? This is one of the oldest and well-trusted bitcoin faucet and casino, why should it fail? This website is not solely bitcoin faucet like it was years ago, so, they have already changed their business model, faucet is just an addition. There are many crypto casinos that have bitcoin faucet, similar to freebitco's faucet and they haven't failed.
If you get paid from them with 128k+ referrals, then what's your problem? Maybe you are wrong and their business model works perfectly.

[Get-Paid.com]

Seriously, what's your point? What do you want to say? Okay, understood that, as you say, freebitco will fail but why is that your problem? This is one of the oldest and well-trusted bitcoin faucet and casino, why should it fail? This website is not solely bitcoin faucet like it was years ago, so, they have already changed their business model, faucet is just an addition. There are many crypto casinos that have bitcoin faucet, similar to freebitco's faucet and they haven't failed.
If you get paid from them with 128k+ referrals, then what's your problem? Maybe you are wrong and their business model works perfectly.

The points:

1) A call for them to fix the broken faucet.

2) Sharing experience as faucet owners for the past 6+ years.

3) Referring to the experience of delays with withdrawals, we know where it's coming from.

At least thanks for posting straightforward here without BS, it's appreciated.

[jper3009]

But again, this is the problem with them - 0 transparency about who they are, where they operate from etc.

Why is this a problem?  This hasn't been a problem for the past 10+ years, why would it be a problem now?  As long as everything works as it should and the site pays.

They've held my money for over 6 months, without responding to any of my mails. Do you think it makes any sense? They have a non functioning customer support and you think that is not a reason for concern? LOL. What a joke!

[abzy]

I believe the Quinn is from the UK. I'm sure the website itself is registered to an address in Panama or somewhere like that. I'm not sure about Wetsuit, and I think there might be 1 other guy at most. But again, this is the problem with them - 0 transparency about who they are, where they operate from etc.

I don't know where Wetsuit is from, but his name should be Samuel Das, according to

https://funtoken.io/fun-token-the-future-is-bright-with-new-leadership/

Note that he remained ceo of fun token only a few months: now there is a new ceo

https://funtoken.io/introducing-our-new-ceo-david-dobrovitsky-leads-funtoken-into-the-future/

I wonder if this is good news for fun token (and for freebitco.in)...

[SATWAT]

But again, this is the problem with them - 0 transparency about who they are, where they operate from etc.

Why is this a problem?  This hasn't been a problem for the past 10+ years, why would it be a problem now?  As long as everything works as it should and the site pays.

They've held my money for over 6 months, without responding to any of my mails. Do you think it makes any sense? They have a non functioning customer support and you think that is not a reason for concern? LOL. What a joke!

As in last few months I am also concerned about this all because suddenly they are having not proper response of customers messages and now many issues are taking too much time things like these are creating feud about them, and also we have only two persons which are running this all for years and no other details are available.
With this all no doubt all concerns are valid, but good thing happen we have no proper scam accusation or any complaint about them which is also positive development and many big whales are withdrawing their money without any problem so if this all is going without any problem then surely no need of worry just do your stuff and wait for the development hopefully they will do something in near future as they are running this all for the last 10 years.

[Marvelman]

As in last few months I am also concerned about this all because suddenly they are having not proper response of customers messages and now many issues are taking too much time things like these are creating feud about them, and also we have only two persons which are running this all for years and no other details are available.
With this all no doubt all concerns are valid, but good thing happen we have no proper scam accusation or any complaint about them which is also positive development and many big whales are withdrawing their money without any problem so if this all is going without any problem then surely no need of worry just do your stuff and wait for the development hopefully they will do something in near future as they are running this all for the last 10 years.

First of all, I'm skeptical that just two dudes are running everything here.  That seems crazy since they apparently also helm that FUN token thing plus at least a couple other gambling sites like DPlay and Club Riches.  I guess maybe they've got various teams handling the different platforms.  But even so, no way FreeBitco.in has only a duo at the helm. 

Like, this whole operation seems pretty massive, right? Just handling the free Bitcoin faucet aspect alone is likely a beast and  then you've got the casino and betting games too on top of that.  Sheesh.  So while maybe these two founders kickstarted FreeBitco.in originally, that still doesn't mean that only those two guys are behind the whole site now.

[jper3009]

But again, this is the problem with them - 0 transparency about who they are, where they operate from etc.

Why is this a problem?  This hasn't been a problem for the past 10+ years, why would it be a problem now?  As long as everything works as it should and the site pays.

They've held my money for over 6 months, without responding to any of my mails. Do you think it makes any sense? They have a non functioning customer support and you think that is not a reason for concern? LOL. What a joke!

As in last few months I am also concerned about this all because suddenly they are having not proper response of customers messages and now many issues are taking too much time things like these are creating feud about them, and also we have only two persons which are running this all for years and no other details are available.
With this all no doubt all concerns are valid, but good thing happen we have no proper scam accusation or any complaint about them which is also positive development and many big whales are withdrawing their money without any problem so if this all is going without any problem then surely no need of worry just do your stuff and wait for the development hopefully they will do something in near future as they are running this all for the last 10 years.

Oh I will create a scam accusation with all the evidence pretty soon. I'm only waiting for TheQuin to come online without responding to me, then I'll go ahead to create one, I've never had any problem with their platform in the past but if TheQuin comes online and fails to address my complaint then I will definitely create a scam accusation against them.

[jper3009]

As in last few months I am also concerned about this all because suddenly they are having not proper response of customers messages and now many issues are taking too much time things like these are creating feud about them, and also we have only two persons which are running this all for years and no other details are available.
With this all no doubt all concerns are valid, but good thing happen we have no proper scam accusation or any complaint about them which is also positive development and many big whales are withdrawing their money without any problem so if this all is going without any problem then surely no need of worry just do your stuff and wait for the development hopefully they will do something in near future as they are running this all for the last 10 years.

First of all, I'm skeptical that just two dudes are running everything here.  That seems crazy since they apparently also helm that FUN token thing plus at least a couple other gambling sites like DPlay and Club Riches.  I guess maybe they've got various teams handling the different platforms.  But even so, no way FreeBitco.in has only a duo at the helm. 

Like, this whole operation seems pretty massive, right? Just handling the free Bitcoin faucet aspect alone is likely a beast and  then you've got the casino and betting games too on top of that.  Sheesh.  So while maybe these two founders kickstarted FreeBitco.in originally, that still doesn't mean that only those two guys are behind the whole site now.

Do you have information on any other members of the team? No? If not, then rest assured that there are just 2/3 people running this platform (which largely makes no sense and is super super risky). Everything is just too sketchy at this point. I wouldn't doubt it because there is very limited information available.

[babygun]

As in last few months I am also concerned about this all because suddenly they are having not proper response of customers messages and now many issues are taking too much time things like these are creating feud about them, and also we have only two persons which are running this all for years and no other details are available.
With this all no doubt all concerns are valid, but good thing happen we have no proper scam accusation or any complaint about them which is also positive development and many big whales are withdrawing their money without any problem so if this all is going without any problem then surely no need of worry just do your stuff and wait for the development hopefully they will do something in near future as they are running this all for the last 10 years.

First of all, I'm skeptical that just two dudes are running everything here.  That seems crazy since they apparently also helm that FUN token thing plus at least a couple other gambling sites like DPlay and Club Riches.  I guess maybe they've got various teams handling the different platforms.  But even so, no way FreeBitco.in has only a duo at the helm. 

Like, this whole operation seems pretty massive, right? Just handling the free Bitcoin faucet aspect alone is likely a beast and  then you've got the casino and betting games too on top of that.  Sheesh.  So while maybe these two founders kickstarted FreeBitco.in originally, that still doesn't mean that only those two guys are behind the whole site now.

Do you have information on any other members of the team? No? If not, then rest assured that there are just 2/3 people running this platform (which largely makes no sense and is super super risky). Everything is just too sketchy at this point. I wouldn't doubt it because there is very limited information available.

We don't know how many people are running the show, we only have knowledge of Wetsuit and TheQuin but probably there is a whole team behind the scenes. I am sorry about the problems you are having and hopefully it will be solved soon. I have never had any issues with them and they have been online and paying since over 10 years.

[jper3009]

As in last few months I am also concerned about this all because suddenly they are having not proper response of customers messages and now many issues are taking too much time things like these are creating feud about them, and also we have only two persons which are running this all for years and no other details are available.
With this all no doubt all concerns are valid, but good thing happen we have no proper scam accusation or any complaint about them which is also positive development and many big whales are withdrawing their money without any problem so if this all is going without any problem then surely no need of worry just do your stuff and wait for the development hopefully they will do something in near future as they are running this all for the last 10 years.

First of all, I'm skeptical that just two dudes are running everything here.  That seems crazy since they apparently also helm that FUN token thing plus at least a couple other gambling sites like DPlay and Club Riches.  I guess maybe they've got various teams handling the different platforms.  But even so, no way FreeBitco.in has only a duo at the helm. 

Like, this whole operation seems pretty massive, right? Just handling the free Bitcoin faucet aspect alone is likely a beast and  then you've got the casino and betting games too on top of that.  Sheesh.  So while maybe these two founders kickstarted FreeBitco.in originally, that still doesn't mean that only those two guys are behind the whole site now.

Do you have information on any other members of the team? No? If not, then rest assured that there are just 2/3 people running this platform (which largely makes no sense and is super super risky). Everything is just too sketchy at this point. I wouldn't doubt it because there is very limited information available.

We don't know how many people are running the show, we only have knowledge of Wetsuit and TheQuin but probably there is a whole team behind the scenes. I am sorry about the problems you are having and hopefully it will be solved soon. I have never had any issues with them and they have been online and paying since over 10 years.

It's one thing for them to be paying and a different ball game entirely when customers are unable to contact support or any members of the platform. Like I said I have used the platform since 2016 and had no problems prior to this. But, when the first (minor) problem takes over 6 months to resolve then something is definitely wrong somewhere. I hope you can understand my POV.

[Betwrong]

~
I still believe BTC will go over $70k this year, but maybe later.

Damn, I missed placing the bet again. I had it in mind until 3 days back that I have to place my bet but I missed it.
I was going to place my bet on ETH and covering the range $2750 to $3250 which would be a sweet spot.
It would be clear winners at the end and I would have made easy profits only if I had remembered placing the bets.

A lesson learnt is that I should start putting an alarm from next time onwards to place the bet for price prediction so that I don't miss the bets again.

Looks like you would've lose your bet anyway. Ethereum was above $3,250 at the time we were betting on. I lost all my bets too. What a bull run we had recently! Who could have imagined it would be so soon. Of course, like you I'm sure, I'm glad it happened.

Recently I was so close to hitting the Jackpot again



and I'd be upset for being so close but not hitting it, but I can't, looking at current BTC price.

[pawanjain]

~
I still believe BTC will go over $70k this year, but maybe later.

Damn, I missed placing the bet again. I had it in mind until 3 days back that I have to place my bet but I missed it.
I was going to place my bet on ETH and covering the range $2750 to $3250 which would be a sweet spot.
It would be clear winners at the end and I would have made easy profits only if I had remembered placing the bets.

A lesson learnt is that I should start putting an alarm from next time onwards to place the bet for price prediction so that I don't miss the bets again.

Looks like you would've lose your bet anyway. Ethereum was above $3,250 at the time we were betting on. I lost all my bets too. What a bull run we had recently! Who could have imagined it would be so soon. Of course, like you I'm sure, I'm glad it happened.

Recently I was so close to hitting the Jackpot again



and I'd be upset for being so close but not hitting it, but I can't, looking at current BTC price.

Yes ofcourse, we are all happy as BTC has surged crossing $60k after so long. We can only wait to see what's the next ATH is gonna be.
Talking about luck, I just spinned my WoF spins now that we don't know when BTC will fall down and so trying to accumulate rewards at current base price of 17.

I got some nice rewards with 1 high reward of 1700 satoshis and 2 medium rewards of 170 satoshis and 170 lottery tickets.
The rest were all ofcourse the base rewards but a nice stash though.