Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1228. (Read 559511 times)

IDK what you are reading but from where I am sitting I do not see an address.  A country listing isnt an address and the last update to the whois record was literally just a few months ago in jan.  All I see is a domaain pointing at cloudflare and registered from enom with an update to change the registrant country and either town or county.  There is certainly no address there like you claimed.

Idiot.

https://www.whois.net/

Only the nameservers are run by Cloudflare, the registration belongs to us.

More lies.  The site uses cloudflare you complete retard.  And it has done so "for several years".  Therefore any clown that looks up the whois will only see cloudflares info.  The same goes for that finance company btw,  or any other site that uses cloudflare correctly.  So you did NOT see it with whois no matter what excuse you come up with.

Wetsuit has well over 8000btc.  300 is just the hot wallet.

That's the address that we sweep the deposits to. There are a lot more addresses.

How do you have?



It's a lot easier to do with a large organisation. As an example Bitfinex user a 4 from 7 multsig system with staff in diverse geographical locations.

How much does wetsuit have, this says ~300BTC: https://www.blockchain.com/en/btc/address/1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h

And if you properly encrypt stuff and keep it secure enough then it shouldn't cause too much of an issue.

I'm fairly sure coinbase filed their UK tax return a few years ago and claimed to hold £3000000. If you secure your money well enough then you're fine.

I really don't any information as nothing has been decided yet. I don't think adding more coins or features will have any effect on withdrawal fees. I imagine the main use of the exchange will be people changing what the get from the faucet and making small deposits from other altcoin faucets so I can't imagine a minimum fee anywhere near that high. I use another gambling site that has many coins and they charge through the spread rather than a fee. I think that would be a good way do it here as well.

That's exactly what I was looking for. Since I'm not an experienced trader I want to practice somewhere and it looks like your platform is going to be a perfect place for that.

Are you going to keep your withdrawal fees as low as they are today or will they be a bit higher? Btw Shapeshift charges 0.0005 BTC for any operation, which is not that small. I hope your fees will be much less than that.

It is not something I have or will ask wetsuit as I think if he didn't want to be anonymous he wouldn't be.

From a personal perspective, I use services like ChipMixer so that nobody knows how much Bitcoin I have. If you own a site holding over 1200 BTC just in user deposits that isn't an option. Do a Google news search on 'bitcoin kidnapping".

Literally the only way I could do that is to come to the British Virgin Islands !

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And yes, there are a few primdice owners (for example) who have given out their full names before now. Why can't wetsuit do the same, what's he in fear of?
It would be considered more trustworthy as a site if you both offered your full identities.

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I like the government with friendly regulations and friendly tax concepts, that one made me chuckle.

The distinction isn't bricks and mortar Vs. on-line it is fiat Vs. Bitcoin.

Bitcoin is very much a libertarian project designed to allow people to make financial transactions without interference from government authorities. Anonymity is very important to service providers.



It should be adequate just to save screenshots. I have investments in other gambling sites and it is my responsibility to collect and save the data there as well.

Yea, you can with the Brick n Mortar sites, but these unregulated online gambling sites are all the same. You just close your eyes and hope for the best.  < So pointing fingers to Freebitco.in would be unfair, because most of them are doing it this way > 

When I declare my income with the tax authorities or when they do a audit, they want some kind of paper trail and with sites like this, it is not possible. Some of the investment sites I deal with, have "reports" that I use in PDF format for tax purposes. 

Can you do that with any Bitcoin gambling site?



I don't see why that should be a problem, just declare the interest if you need to under your local legislation.

You right. I probably are sucking this out of my ass. 

Would still be great if we could place a human or humans behind the face of this project. It would just make the decision easier to dump a lot of money into the "investment" side of the site, if you knew that you not dealing with a site that might turn out to be a criminal front or some money laundering racket.

I would have dumped a lot more coins into Freebitco.in if I knew what I was dealing with and if I could have explained that income to my local tax authorities. 

You're making a lot of assumptions about people's private financial arrangements. You're also misinformed about the need for registration and what constitutes legitimate.

Personal income generated in another country, does not exempt you from paying taxes in your country of origin. They might use the Virgin Islands as a tax haven, but they can still be held liable for the tax income and the penalties, if they are caught. As TheQuin said, most unregistered gambling sites do this, but at one stage they grow too big and then people start knocking at your door. 

Freebitco is currently operating as a Bank / Gambling site / Unregistered Business and I bet you, they not paying any taxes. They might want to legitimize this operation now, by re-branding the site. 

That's a interesting move as normally freebitco is considered a faucet to collect free satoshis and this will help them in remaking their image, but I hope freebitco does PR also for this to get maximum out of their rebranding.
It's a normal practice which is no big deal and is done by all, it's actually a safe procedure I would say to do this can't say they're registered or no but they're more legit than the registered firms so doesn't matter.

It's nothing new. If you do a whois lookup of the domain it tells you it is registered in Tortola, VG. I can't remember where I found it now but I found that address when I searched for it years ago.

The British Virgin Islands are a very popular place to base an internet company. The government there is very welcoming with a friendly attitude to regulation and taxes.

As I said just padded out a bit.
The legal non-tax payers go to places closer to the UK.
And they probably won't be forceably shut down as it's too expensive for the government to do.

Absolutely not,  it actually means the complete opposite of 'official' lol.  It simply means that this is not a legit company at all because it's attempting to say that it's doing business from an area that has next to no regulations for online gambling (and other industries).  It's also one of the Red Flags to tell if a gambling site is a scam or not as seen here:  https://www.gamblingsites.com/online-casino/blacklist

This site does NOT pay it's taxes (and neither should u if you win/gain anything from it), is not licensed or registered ANYWHERE, and could very well be shut down at any time (either forcefully by some law enforcement/govt agency or wetsuit just exit scamming) and along with it any BTC you've deposited.  Isnt that just cool  You should just send me your BTC instead.  It's safer that way because I wont use it to fund stupid liberal idealistic crap like a govt would do.

You know somethings fishy when a site's address is found in MULTIPLE places online and all of them appear to be.... should I say,  fishy?  LMFAO

http://cif-finance.com/contact/  (UK Address:  3rd Floor, J & C Building, PO Box933, Road Town, Tortola, British Virgin Islands) <--- Maybe this is what ol' wetsuit is doing with your BTC.

In otherwords,  this is basically just a fake address,  AKA Virtual Office.  Virtual Offices are used by all sorts of scams and they are located all over the planet.  There are some legit uses for a virtual office,  but running a gambling site isnt one of them.

Probably not. There are probably minimal laws and minimal enforcement there (however, they are sending out their location so maybe).

The British Virgin Islands are one of the places Britons use for legal tax evasion (probably what this site is doing also).