Betwrong
Legendary
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Activity: 3458
Merit: 2234
I stand with Ukraine.
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April 20, 2018, 09:22:24 AM |
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~ The best thing about the free roll is that you are always guaranteed to win something whether it is the minimum $0.001 or all the way up to $200 it didn't cost anything to play.
It's $0.002 actually. I'm pretty sure you know this yourself, I just wanted to emphasize for others that the minimum award is two times bigger. It kinda isn't anymore. Although we still refer to $0.002 as the base reward and the $0.001 as the halved reward I was sure if I had said $0.002 someone would jump in and object on the grounds they were only getting half that. Oh, I see, my bad, sorry for that. I was talking about my minimum reward forgetting that it was halved for the new users to avoid abusing of the faucet. Meanwhile I've bought another 200 lottery tickets and now, with 600 tickets in total, I have 0.00229138% win chance. I know my chances are slim, but still hope to win some. )
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Pursuer
Legendary
Offline
Activity: 1638
Merit: 1163
Where is my ring of blades...
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April 20, 2018, 09:28:50 AM |
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Well, I am definitely not quitting my day job, waiting to win anything with this Lottery. I have been playing since the first Lottery was launched and I have not won 1 cent. I have spend 0.04037798 BTC trying --> http://prntscr.com/j6yu83How much have you guys been dumping into this and how much have you won? { $323.1 at todays BTC price } I have also spent a lot of money on lottery tickets, not just here but in general over a long period of time in different websites. and my conclusion about lotteries is that no matter how much money you spend you will never win unless you are lucky. and if you are lucky then you wouldn't need to buy that much tickets in first place! I have seen people win big rewards without an effort! there is no logical explanation for luck... ps. website is offline at the moment... (Error 524 A timeout occurred)
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Only Bitcoin
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babygun
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April 20, 2018, 06:05:00 PM |
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Well, I am definitely not quitting my day job, waiting to win anything with this Lottery. I have been playing since the first Lottery was launched and I have not won 1 cent. I have spend 0.04037798 BTC trying --> http://prntscr.com/j6yu83How much have you guys been dumping into this and how much have you won? { $323.1 at todays BTC price } I have also spent a lot of money on lottery tickets, not just here but in general over a long period of time in different websites. and my conclusion about lotteries is that no matter how much money you spend you will never win unless you are lucky. and if you are lucky then you wouldn't need to buy that much tickets in first place! I have seen people win big rewards without an effort! there is no logical explanation for luck... ps. website is offline at the moment... (Error 524 A timeout occurred) You can only hope that one day, the luck will be with you . Website is back online and running on my end.
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BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
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April 21, 2018, 04:08:01 AM |
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LOTTERY ROUND 150 This round, the winner with the lowest number of tickets is #1 with 246 tickets. He won 1.92400046 BTC.
Woah! Congratulation with that lucky guy. I cant imagine hitting up 1.9 btc jackpot can get through with just 246 tickets. Imagine? Have seen some cost millions or hundreds thousand of tickets but still can able to get that honey pot. What a nasty prize and what a lucky player. Congrats to the winner! This is an unimaginable luck to win 1.9 BTC with just 246 tickets. It would be nice if he/she appeared here sharing their story, but I understand that not all people know English good enough for that and also maybe not everyone wants to brag about their winnings. Anyway, I've just purchased 300 tickets for the next round. Let's see what happens. positive thinking Betwrong I have to check my mail more often,maybe it was me with 246 tickets... wait wasn't me,damn but this kind of luck is what make others want to try and participate in this lottery it doesn't cost much also you can enter captcha for free and get free tickets almost 2 bitcoins can be lifechanging for some people,very happy for the lucky dude (or dudette)! Yes, veleten, as they say, hope is a hard habit to break. I have bought some more tickets for myself, and now with my 400 tickets I have 0.00241452% win chance. I know it's 4 days left and my win chance will be decreasing with time, but I'm keeping my hopes up nevertheless. Let see what happens in the lottery round 151. I wouldn't mind to take the 4th or 5th place too. Good luck to all the participants! By spending up some btc to try your luck is not really bad thing, since small amount of money still will boost your winning chance here. But to think that 400 tickets will hit something good on the prize, I do not really believe that. I tried this around 4 years ago and yet I never hit on their lottery. I ever dis to put some amount there like 0.001-0.01 btc but yet nothing happen too. So for this time I will stay this way, claim the faucet and buy something with it
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Betwrong
Legendary
Offline
Activity: 3458
Merit: 2234
I stand with Ukraine.
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April 21, 2018, 07:21:20 AM |
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Yes, veleten, as they say, hope is a hard habit to break. I have bought some more tickets for myself, and now with my 400 tickets I have 0.00241452% win chance. I know it's 4 days left and my win chance will be decreasing with time, but I'm keeping my hopes up nevertheless. Let see what happens in the lottery round 151. I wouldn't mind to take the 4th or 5th place too. Good luck to all the participants! By spending up some btc to try your luck is not really bad thing, since small amount of money still will boost your winning chance here. But to think that 400 tickets will hit something good on the prize, I do not really believe that. I tried this around 4 years ago and yet I never hit on their lottery. I ever dis to put some amount there like 0.001-0.01 btc but yet nothing happen too. So for this time I will stay this way, claim the faucet and buy something with it I wouldn't encourage anyone to buy more tickets for a lottery to increase their chances to win. Since the total amount of tickets is huge, 640,472,661 in the last round for example, you have to spend big money, 3.2 BTC in the latter case, in order to have 50% chance to win the biggest prize, 1.92400046 BTC. Of course there is a possibility to win 2 or 3 prizes with 320,000,000 tickets, but even in that case you will hardly recover your investment. Meanwhile I've bought more tickets for the next round, and now my win chance with 720 tickets is 0.00229106%.
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Triple_S
Jr. Member
Offline
Activity: 32
Merit: 1
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April 21, 2018, 07:34:41 AM |
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Yes, veleten, as they say, hope is a hard habit to break. I have bought some more tickets for myself, and now with my 400 tickets I have 0.00241452% win chance. I know it's 4 days left and my win chance will be decreasing with time, but I'm keeping my hopes up nevertheless. Let see what happens in the lottery round 151. I wouldn't mind to take the 4th or 5th place too. Good luck to all the participants! By spending up some btc to try your luck is not really bad thing, since small amount of money still will boost your winning chance here. But to think that 400 tickets will hit something good on the prize, I do not really believe that. I tried this around 4 years ago and yet I never hit on their lottery. I ever dis to put some amount there like 0.001-0.01 btc but yet nothing happen too. So for this time I will stay this way, claim the faucet and buy something with it I wouldn't encourage anyone to buy more tickets for a lottery to increase their chances to win. Since the total amount of tickets is huge, 640,472,661 in the last round for example, you have to spend big money, 3.2 BTC in the latter case, in order to have 50% chance to win the biggest prize, 1.92400046 BTC. Of course there is a possibility to win 2 or 3 prizes with 320,000,000 tickets, but even in that case you will hardly recover your investment. Meanwhile I've bought more tickets for the next round, and now my win chance with 720 tickets is 0.00229106%. Actually you can only win one price in the lottery. In the description it says: If a user wins more than 1 prize, the number is discarded and [WINNING POSITION] is increased by 1 and the calculations are run again to pick a new user. This is to ensure that a user cannot win more than 1 prize in a round.
But you are right. In the lottery you will most likely loose, so I would consider every spending on lottery tickets a loss.
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Don Pedro Dinero
Legendary
Offline
Activity: 1484
Merit: 1745
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April 21, 2018, 09:12:30 AM |
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But you are right. In the lottery you will most likely loose, so I would consider every spending on lottery tickets a loss.
The point about lotteries is not that you will lose, the point is that the expected return is negative. If you spend $1 on a lottery tickets, the expected mathematical return is always less than $1 (I'm leaving aside EV+ lotteries, like the one Crypto-Games used to run). The good side, however, is that you have the chance to get a very big price risking a very small amount.
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| Duelbits | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | TRY OUR UNIQUE GAMES! ◥ DICE ◥ MINES ◥ PLINKO ◥ DUEL POKER ◥ DICE DUELS | | | | █▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ KENONEW ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄█ | | 10,000x MULTIPLIER | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ |
[/tabl
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Caladonian
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April 21, 2018, 03:02:36 PM |
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But you are right. In the lottery you will most likely loose, so I would consider every spending on lottery tickets a loss.
The point about lotteries is not that you will lose, the point is that the expected return is negative. If you spend $1 on a lottery tickets, the expected mathematical return is always less than $1 (I'm leaving aside EV+ lotteries, like the one Crypto-Games used to run). The good side, however, is that you have the chance to get a very big price risking a very small amount. If luck permits you then you will win a huge amount using that small capital, that's how lottery attracted more gamblers, because of the believe that if lucky day hit them then the winning ticket will bring the cash, purchasing more ticket gives you some good chances to win but if you trace back the figure its still can't assure you to win, still the same fate will happen only lucky holders will win the draw.
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Kprawn
Legendary
Offline
Activity: 1904
Merit: 1074
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April 21, 2018, 09:15:02 PM |
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What is the chance of one of the owners doing a AMA about Freebitco.in on Reddit or on this forum? They can obviously answer only the questions that they feel comfortable with, but it would be nice to know something more about these people who has done so much for this Bitcoin community. {Example : What motivated you to start a faucet / What was the most money that you paid out with FREE ROLLS in a day or month... etc. / Will the faucet side fade away over time to make way for more gambling... etc.}
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baeva2
Member
Offline
Activity: 728
Merit: 10
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April 21, 2018, 10:46:06 PM |
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You must have good luck. Few lucky. Therefore, if you are not lucky, do not take risks.
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TheQuin
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April 22, 2018, 06:57:45 AM |
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You must have good luck. Few lucky. Therefore, if you are not lucky, do not take risks.
That's a very interesting theory. But please tell me how you will find out if you are lucky or not if you never take a risk?
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Triple_S
Jr. Member
Offline
Activity: 32
Merit: 1
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April 22, 2018, 08:27:44 AM |
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You must have good luck. Few lucky. Therefore, if you are not lucky, do not take risks.
Maybe you should take risks especially when you are not lucky, because your luck quata is not used up then. But if your always lucky, you might not have enough luck left to win. XD
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Betwrong
Legendary
Offline
Activity: 3458
Merit: 2234
I stand with Ukraine.
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April 22, 2018, 09:09:30 AM |
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What is the chance of one of the owners doing a AMA about Freebitco.in on Reddit or on this forum? They can obviously answer only the questions that they feel comfortable with, but it would be nice to know something more about these people who has done so much for this Bitcoin community. {Example : What motivated you to start a faucet / What was the most money that you paid out with FREE ROLLS in a day or month... etc. / Will the faucet side fade away over time to make way for more gambling... etc.} This is a great idea! Only I would suggest to gather the questions beforehand, like one week prior to the AMA, in order for more people would have the chance to participate. Btw I 'm not sure about whether the site is still owned by the same people who created it. If the site was acquired then it would be interesting to ask some questions to the original creators too. For example, what are they doing now?
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TheQuin
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April 22, 2018, 09:20:56 AM |
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What is the chance of one of the owners doing a AMA about Freebitco.in on Reddit or on this forum? They can obviously answer only the questions that they feel comfortable with, but it would be nice to know something more about these people who has done so much for this Bitcoin community. {Example : What motivated you to start a faucet / What was the most money that you paid out with FREE ROLLS in a day or month... etc. / Will the faucet side fade away over time to make way for more gambling... etc.} This is a great idea! Only I would suggest to gather the questions beforehand, like one week prior to the AMA, in order for more people would have the chance to participate. Btw I 'm not sure about whether the site is still owned by the same people who created it. If the site was acquired then it would be interesting to ask some questions to the original creators too. For example, what are they doing now? It is still owned and operated by the person that created it. You can go back to the OP of this thread to see who that is. Feel free to ask any questions you like. He still does read these threads it is just that he doesn't have time to do it regularly.
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Naida_BR
Member
Offline
Activity: 980
Merit: 62
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April 22, 2018, 05:13:54 PM |
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Is there anybody who has won something in lotteries?
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BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
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April 22, 2018, 05:24:17 PM |
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Yes, veleten, as they say, hope is a hard habit to break. I have bought some more tickets for myself, and now with my 400 tickets I have 0.00241452% win chance. I know it's 4 days left and my win chance will be decreasing with time, but I'm keeping my hopes up nevertheless. Let see what happens in the lottery round 151. I wouldn't mind to take the 4th or 5th place too. Good luck to all the participants! By spending up some btc to try your luck is not really bad thing, since small amount of money still will boost your winning chance here. But to think that 400 tickets will hit something good on the prize, I do not really believe that. I tried this around 4 years ago and yet I never hit on their lottery. I ever dis to put some amount there like 0.001-0.01 btc but yet nothing happen too. So for this time I will stay this way, claim the faucet and buy something with it I wouldn't encourage anyone to buy more tickets for a lottery to increase their chances to win. Since the total amount of tickets is huge, 640,472,661 in the last round for example, you have to spend big money, 3.2 BTC in the latter case, in order to have 50% chance to win the biggest prize, 1.92400046 BTC. Of course there is a possibility to win 2 or 3 prizes with 320,000,000 tickets, but even in that case you will hardly recover your investment. Meanwhile I've bought more tickets for the next round, and now my win chance with 720 tickets is 0.00229106%. If you calculate it that way may be it is a right thing but do you consider that not all players are buying the tickets? They can get it for free, like by gambling or even taking from the faucet so not every single tickets are bought so I think you really missed the point here. And btw do you even saw that 400 tickets able to win that prize? No need to win that 1st prize but there is other 9 more so if this is free so why not? We do not losing anything from the start though
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Warfare
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April 22, 2018, 07:33:48 PM |
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LOTTERY ROUND 151 This round, the winner with the lowest number of tickets is #7 with 1,394 tickets. #1 won 1.37411221 BTC with 1,348,111 tickets.
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| | | | | | | | Daily Checklist Bonus of up to 16.0% Skrill, Payoneer, Tango Card, PayPal, Airtm, GC My Latest Payment
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TheQuin
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April 23, 2018, 05:45:04 AM |
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Is there anybody who has won something in lotteries?
Ten people every week win something on the lottery.
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Betwrong
Legendary
Offline
Activity: 3458
Merit: 2234
I stand with Ukraine.
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April 23, 2018, 09:53:57 AM |
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~ I wouldn't encourage anyone to buy more tickets for a lottery to increase their chances to win. Since the total amount of tickets is huge, 640,472,661 in the last round for example, you have to spend big money, 3.2 BTC in the latter case, in order to have 50% chance to win the biggest prize, 1.92400046 BTC. Of course there is a possibility to win 2 or 3 prizes with 320,000,000 tickets, but even in that case you will hardly recover your investment. Meanwhile I've bought more tickets for the next round, and now my win chance with 720 tickets is 0.00229106%. If you calculate it that way may be it is a right thing but do you consider that not all players are buying the tickets? They can get it for free, like by gambling or even taking from the faucet so not every single tickets are bought so I think you really missed the point here. ~ I don't see how the fact that not all players are buying the tickets can be relevant to the estimation of winning chance. Maybe I really missed the point here, so please explain what did you mean. And btw do you even saw that 400 tickets able to win that prize? ~
Yes I did. Last time it happened not so long ago, in the previous lottery round: two people with less than 400 tickets each, won two prizes, 1.92400046 BTC and 0.03006251 BTC. And something like this happens every month or even more often. For example 10 rounds ago, in the round 140, someone won 0.52907709 BTC with 39 tickets. You can check it all by yourself by clicking LOTTERY in the top bar of the front page and then PREVIOUS ROUND WINNERS.
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Kprawn
Legendary
Offline
Activity: 1904
Merit: 1074
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April 23, 2018, 03:20:34 PM |
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What is the chance of one of the owners doing a AMA about Freebitco.in on Reddit or on this forum? They can obviously answer only the questions that they feel comfortable with, but it would be nice to know something more about these people who has done so much for this Bitcoin community. {Example : What motivated you to start a faucet / What was the most money that you paid out with FREE ROLLS in a day or month... etc. / Will the faucet side fade away over time to make way for more gambling... etc.} This is a great idea! Only I would suggest to gather the questions beforehand, like one week prior to the AMA, in order for more people would have the chance to participate. Btw I 'm not sure about whether the site is still owned by the same people who created it. If the site was acquired then it would be interesting to ask some questions to the original creators too. For example, what are they doing now? It is still owned and operated by the person that created it. You can go back to the OP of this thread to see who that is. Feel free to ask any questions you like. He still does read these threads it is just that he doesn't have time to do it regularly. Ok, So I presume that the owner is Male? <because you used the word, He> Let's fire away and see if he would want to respond to some of the questions. I will not ask anything that will compromise his real identity. 1. Is the Faucet a huge profit drain on the whole operation after advertisements were stopped? {rough percentages?} 2. What is the biggest expense for the site? {Faucet pay-out or referrals or hosting fees and Admin cost?} 3. Do you have redundancy? {Backup plans if something goes wrong?} 4. How difficult is it to stop the bots? {I know from experience that they are a pain in the ass.} 5. What percentage of new users stay active? {My referral drop-off is about 100% in only 1 or 2 months} That is all for now, he can pick what is too private or inconvenient to answer, but I steered away from being to personal.
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