FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest

[TheQuin]

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.

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.

[1713586512]

1713586512

[1713586512]

1713586512

[jackg]

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.

I reckon wetsuit would be more than happy for them to try to turn to the multiply tab though .

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.

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...

[Warfare]

LOTTERY ROUND 174
This round, the winner with the lowest number of tickets is #2 with 137 tickets.
#1 won 0.32861185 BTC with 176,044 tickets.

[TheQuin]

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.

[Kakmakr]

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.

Multisig is also impractical if you are more than one business owner, because both parties are constantly needed to do tx's and we know this is not the ideal scenario. People get sick or they go on leave or they are busy with many other projects and this restricts the daily operation.

Also, what happens if one of the partners suddenly dies?

Nah, I still think the hardware wallet is more flexible and more practical in this kind of scenario and the backup paper wallets is the best way to secure the deposits. 

You're supporting me without knowing it now. A 2 of 3 multisig is a perfect solution and that is, indeed, for if someone dies... If wetsuit's dead what are you going to do if you have money on there?
So with a 2 of 3 multisig you only need to cosigners so you dhouldn't keep having to interrrupt one of them...
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....

If I analyse this site correctly, Freebitco.in is a one man operation with some "helpers" with limited access and not enough "trust" in there for these people to have multisig access to the cold storage. So I think Wetsuit did not opt for that option, because of that reason.

This might even have been a pet project that became hugely successful and now needs more attention than what Wetsuit anticipated. He might have other projects that needs his attention or even a full-time job. <So, this is not a small business with a couple of employees and some partners, if you get what I am saying> 

[Betwrong]

LOTTERY ROUND 174
This round, the winner with the lowest number of tickets is #2 with 137 tickets.
#1 won 0.32861185 BTC with 176,044 tickets.

Congrats to the winners!

Although 9 out of 10 winners had much more tickets than I did, there was one with just 137 tickets winning 0.16430593 BTC! If it was some unknown site I wouldn't bother with buying 1k+ tickets every lottery round. But I know that everything's fair on FreeBitco.in and that's why I keep buying those tickets hoping to win one lucky day.

P.S.
You guys have never replied to my proposal regarding eliminating bots from the game. Have you solved the problem?

[TheQuin]

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.

[Betwrong]

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.

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.

I can't help thinking that there have to be guaranteed ways of spotting bots. I mean, I know from your earlier post that bots can be re-coded in a matter of a few hours and thus they can adjust to any new implementation pretty quickly, but I think there has to be an idea of something which is immune to that.

[jackg]

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.

I can't help thinking that there have to be guaranteed ways of spotting bots. I mean, I know from your earlier post that bots can be re-coded in a matter of a few hours and thus they can adjust to any new implementation pretty quickly, but I think there has to be an idea of something which is immune to that.

Best way is to shut up shop and walk away (or in wetsuit's case, run away) .

Onto the issue, it is (or should be) well known that a lot of popular sites have 'security' bounties available. Bitcointalk has one too for example.
The issue with bots is that you can never be 100% immune to them because they will always find a loop hole in the system that they can exploit...

[BTCevo]

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.

I can't help thinking that there have to be guaranteed ways of spotting bots. I mean, I know from your earlier post that bots can be re-coded in a matter of a few hours and thus they can adjust to any new implementation pretty quickly, but I think there has to be an idea of something which is immune to that.

Best way is to shut up shop and walk away (or in wetsuit's case, run away) .

Onto the issue, it is (or should be) well known that a lot of popular sites have 'security' bounties available. Bitcointalk has one too for example.
The issue with bots is that you can never be 100% immune to them because they will always find a loop hole in the system that they can exploit...

What do you mean wetsuit is runaway? Yes, we do not knoe anything about him, just because he seldom come up here saying words but it does not mean that he is run away. May be he is getting a new project again and I think his freebitco.in is real success site, from advertisement site becoming a real gambling site

What am I bothering since the competition begin the lottery prize is cut down into half as the first prize. Just want to see the old lottery prize again

[Kakmakr]

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.

I can't help thinking that there have to be guaranteed ways of spotting bots. I mean, I know from your earlier post that bots can be re-coded in a matter of a few hours and thus they can adjust to any new implementation pretty quickly, but I think there has to be an idea of something which is immune to that.

Best way is to shut up shop and walk away (or in wetsuit's case, run away) .

Onto the issue, it is (or should be) well known that a lot of popular sites have 'security' bounties available. Bitcointalk has one too for example.
The issue with bots is that you can never be 100% immune to them because they will always find a loop hole in the system that they can exploit...

What do you mean wetsuit is runaway? Yes, we do not knoe anything about him, just because he seldom come up here saying words but it does not mean that he is run away. May be he is getting a new project again and I think his freebitco.in is real success site, from advertisement site becoming a real gambling site

What am I bothering since the competition begin the lottery prize is cut down into half as the first prize. Just want to see the old lottery prize again

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. 

[TheQuin]

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.

[Kakmakr]

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.

It would be interesting how people would react, if Wetsuit decided to sell Freebitco.in. The site is successful because Wetsuit built up a long-term trust relationship with a lot of users. <Mostly based on the prompt and regular pay-out of the faucet withdrawals> 

The fact that it has been around for many years, also give people confidence that Wetsuit would not cut and run with this. I know I will withdraw my deposit, if there are rumours of a sale of the site. <New owners might want to cut and run> 

I wonder how much will a site like this be worth. 

[testcoin]

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.

It would be interesting how people would react, if Wetsuit decided to sell Freebitco.in. The site is successful because Wetsuit built up a long-term trust relationship with a lot of users. <Mostly based on the prompt and regular pay-out of the faucet withdrawals> 

The fact that it has been around for many years, also give people confidence that Wetsuit would not cut and run with this. I know I will withdraw my deposit, if there are rumours of a sale of the site. <New owners might want to cut and run> 

I wonder how much will a site like this be worth. 

How much? I think the answer is simple:

If Wetsuit quits openly and gives time for people to withdraw BEFORE the handover, the selling price will not be good because everyone will withdraw everything if Wetsuit decides to quit. But the new buyer will still have a chance to gain trusts from the community later

If Wetsuit quits silently and announces AFTER the handover, the selling price will be better. But because it also implies that the new buyer is willing to pay more for the delayed announcement, I believe no one will trust that the new buyer won't run away

[STT]

I would have split ownership and sold shares if I owned anything like this just to allow some realisation of profits on investment and labour, etc

But theres a cost to the administration and accountancy for that type of company ownership. Its also possible this project while successful is just a side bet to whatever else he has going on.   If I run a portfolio of investment in whatever area I often find I have to reduce ownership (take profits) because some ideas will hit it big and make the whole deal lopsided and risky to keep that way

[qweduong]

I can not login account.email anh1duong2@gmail.com

[TheQuin]

I can not login account.email anh1duong2@gmail.com

You also can't log into accounts a.n.h.1duong2@gmail.com, anh1.duong2@gmail.com, anh1d.uong2@gmail.com or any of the 138 of your accounts I deleted for abusing the faucet through multi-accounting.

[jackg]

I can not login account.email anh1duong2@gmail.com

You also can't log into accounts a.n.h.1duong2@gmail.com, anh1.duong2@gmail.com, anh1d.uong2@gmail.com or any of the 138 of your accounts I deleted for abusing the faucet through multi-accounting.

Looks like someone got another promotion and greater access to the database .
Have you been folding with it now .

[poptok1]

I guess I was a little lucky today.

I just won $20 at FreeBitco.in!

My user id is 4994240.

My winning seeds: https://s3.amazonaws.com/roll-verifier/verify.html?server_seed=7fcd6185bf759a0c66f1fdd377cdf146324b7c3c26d6c484409c8a8095c71a65&client_seed=NSKtXz6ZjODlVRdV&server_seed_hash=356f250d4d629b5b72e736a8d15cacf56680a12a4c049cefcb118cc917f21ba6&nonce=6360

Thanks freebitco.in

[Thirdspace]

I can not login account.email anh1duong2@gmail.com

You also can't log into accounts a.n.h.1duong2@gmail.com, anh1.duong2@gmail.com, anh1d.uong2@gmail.com or any of the 138 of your accounts I deleted for abusing the faucet through multi-accounting.

and he thought admin won't notice it
he definitely shows persistent effort to login with that many accounts from different ips

I guess I was a little lucky today.

congrats! you might want to post this in the other thread to claim the bonus
next objective is hitting the $200 and winning jackpot