FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1229.

LTU_btc

legendary

Activity: 3234

Merit: 1375

Slava Ukraini!

Quote from: TheQuin on July 13, 2018, 11:05:09 AM

It's not being abandoned, just when we rebrand it will no longer be in the name. That's about getting away from the perception that we are just a faucet.

By the way, any news about rebranding. I remember it was planned in July or something similar, but now I suspect that it will not happen this summer?
And I got email message about reward points bonus and I noticed this thing at the bottom of message
FreeBitco.in, 3rd Floor, J and C Building, PO Box 933, Road Town, Tortola, British Virgin Islands
So, this means that Freebitco.in now registered as official company?

earnadoge

member

Activity: 175

Merit: 12

The new contest is incredible, people are wagering soo many bitcoins, never thought people wager that much on this site. I like the lottery too, maybe I'll win one day lol.

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: jackg on July 13, 2018, 10:42:53 AM

The "free" concept is used to attract users and should be expanded on with the other parts of the site.

It's not being abandoned, just when we rebrand it will no longer be in the name. That's about getting away from the perception that we are just a faucet.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: Kakmakr on July 13, 2018, 02:16:00 AM

Quote from: TheQuin on July 13, 2018, 01:22:09 AM

Quote from: Teddybears on July 12, 2018, 12:19:20 PM

Why does the percentage towards the next level bonus go down when you use the hourly free spin? Also, what causes the bonus added to every win to drop?

Thanks to jackg & Thirdspace for correctly answering your questions.

Quote from: shield132 on July 12, 2018, 01:06:16 PM

I know you answered me sometimes here but are you among owners of freebitco? Or just support here?
Btw you may don't know but in old good days, even banks were promoting your website, this means you have trust in people.
You really pay low compared to old times but somehow no one considers the fact that bitcoin's price is high, more than 10x high. Low house edge would be better but I understand, being faucet and dice at the same time with 1% house edge is very unprofitable for website, however others can't understand it.
Wish you success, would love to see new and strong freebitco like it was some years ago.

I'm just support, wetsuit is the owner. Thanks for your kind words.

Quote from: Kakmakr on July 13, 2018, 01:04:38 AM

Oh please. Stop with that... You either want to give to charity or you do not want to give to charity.

At the time Save the Children removed the Bitcoin donation it was not possible for us to continue accepting donations we couldn't pass on.
So few of our customers used the facility that we see no point on reinstating it now they are accepting Bitcoin donations again. There is nothing to stop you or any other customer donating to them directly if you feel that strongly about it.

So it never crossed their minds to consider another charity that did accept bitcoins or to ask people if they had suggestions for another charity? This site have the potential to do a lot of good and to stand out from the rest of the sites that are offering a similar service.

Unfortunately you cannot face the fire for decisions that are made by "management", so I will not direct my frustration with this decision, towards you.

I think it is a bad decision to abandon the "FREE" concept, linked to this site. The foundation of this site was built on that concept and one of the reasons why it succeed this long. Sad

Edit : Donating via this site was a One-Stop solution. It just made it easier for people who did not know about this.

You're sort of gambling with people's lives though or something if you say "all my gambling profits today will be donated to x".

Just one option for a charity is a bad idea, and why can't you convert Bitcoin to Fiat and do a bank transfer?

The "free" concept is used to attract users and should be expanded on with the other parts of the site.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: TheQuin on July 13, 2018, 01:22:09 AM

Quote from: Teddybears on July 12, 2018, 12:19:20 PM

Why does the percentage towards the next level bonus go down when you use the hourly free spin? Also, what causes the bonus added to every win to drop?

Thanks to jackg & Thirdspace for correctly answering your questions.

Quote from: shield132 on July 12, 2018, 01:06:16 PM

I know you answered me sometimes here but are you among owners of freebitco? Or just support here?
Btw you may don't know but in old good days, even banks were promoting your website, this means you have trust in people.
You really pay low compared to old times but somehow no one considers the fact that bitcoin's price is high, more than 10x high. Low house edge would be better but I understand, being faucet and dice at the same time with 1% house edge is very unprofitable for website, however others can't understand it.
Wish you success, would love to see new and strong freebitco like it was some years ago.

I'm just support, wetsuit is the owner. Thanks for your kind words.

Quote from: Kakmakr on July 13, 2018, 01:04:38 AM

Oh please. Stop with that... You either want to give to charity or you do not want to give to charity.

At the time Save the Children removed the Bitcoin donation it was not possible for us to continue accepting donations we couldn't pass on.
So few of our customers used the facility that we see no point on reinstating it now they are accepting Bitcoin donations again. There is nothing to stop you or any other customer donating to them directly if you feel that strongly about it.

So it never crossed their minds to consider another charity that did accept bitcoins or to ask people if they had suggestions for another charity? This site have the potential to do a lot of good and to stand out from the rest of the sites that are offering a similar service.

Unfortunately you cannot face the fire for decisions that are made by "management", so I will not direct my frustration with this decision, towards you.

I think it is a bad decision to abandon the "FREE" concept, linked to this site. The foundation of this site was built on that concept and one of the reasons why it succeed this long. Sad

Edit : Donating via this site was a One-Stop solution. It just made it easier for people who did not know about this.

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: Teddybears on July 12, 2018, 12:19:20 PM

Why does the percentage towards the next level bonus go down when you use the hourly free spin? Also, what causes the bonus added to every win to drop?

Thanks to jackg & Thirdspace for correctly answering your questions.

Quote from: shield132 on July 12, 2018, 01:06:16 PM

I know you answered me sometimes here but are you among owners of freebitco? Or just support here?
Btw you may don't know but in old good days, even banks were promoting your website, this means you have trust in people.
You really pay low compared to old times but somehow no one considers the fact that bitcoin's price is high, more than 10x high. Low house edge would be better but I understand, being faucet and dice at the same time with 1% house edge is very unprofitable for website, however others can't understand it.
Wish you success, would love to see new and strong freebitco like it was some years ago.

I'm just support, wetsuit is the owner. Thanks for your kind words.

Quote from: Kakmakr on July 13, 2018, 01:04:38 AM

Oh please. Stop with that... You either want to give to charity or you do not want to give to charity.

At the time Save the Children removed the Bitcoin donation it was not possible for us to continue accepting donations we couldn't pass on.
So few of our customers used the facility that we see no point on reinstating it now they are accepting Bitcoin donations again. There is nothing to stop you or any other customer donating to them directly if you feel that strongly about it.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: TheQuin on July 12, 2018, 01:51:55 AM

Quote from: Kakmakr on July 12, 2018, 01:46:00 AM

Exactly my point. It feels like a common "Bait n Switch" business model, where you attract people with the promise of FREE money and when you hooked them into your service, then you switch to a business model based on profit. You even removed the "Donate to Charity" feature that was implemented at one stage.

It always was a for profit business.

The donate to charity option was removed because Save the Children stopped accepting donations in Bitcoin.¹

Quote from: Kakmakr on July 12, 2018, 01:46:00 AM

It is sad to see this, because Freebitco.in has always been the site that helped to grow adoption and also spearheaded "newbies" entry into Bitcoin.

I am not badmouthing the site at all, I am merely making an observation based on my long-term association with this site, from it's early beginnings. Wink

I hope with the new launch that we would see something that would be focussed on what this site was initially based on, which is "Helping" the millions of people that needs a jump start into their Crypto currency journey.

We're not removing the faucet so we hope we will continue to introduce many new people to Bitcoin.

The rebrand may help to end the confusion that many people have about us being a charity. The free money has always been there to bring in new customers some of which will deposit and play.

THIS

Quote from: Chris314 on July 12, 2018, 01:50:09 AM

The goal of the website, as many companies out there, is to make profit. I think faucet will remain to attract new players, but they'll always be encouraged to play MULTIPLY BTC game. Freebitcoin can't give money without earning some somewhere.

Edit:

[1] It appears that Save the Children have started accepted Bitcoin donations again. Unfortunately, it was a very underused facility so it is unlikely we will bring it back.

Oh please. Stop with that... You either want to give to charity or you do not want to give to charity. The feature would not have taken up a lot of space and the way that you placed it on the forum, did not encourage people to use it. If you really supported the idea, then you would have enabled a popup or a message on the landing page for this feature.

The money was coming from the Freebitco.in community and you just provided a platform to channel some money to that charity. I think it was removed, because you wanted that money to go to the gambling, when the Ad income was removed. Roll Eyes

It is still sad to see where this is going now. Sad

Thirdspace

hero member

Activity: 1232

Merit: 738

Mixing reinvented for your privacy | chipmixer.com

Quote from: Teddybears on July 12, 2018, 12:19:20 PM

Why does the percentage towards the next level bonus go down when you use the hourly free spin? Also, what causes the bonus added to every win to drop?

that's how it works, the exact formula is kept secret by wetsuit alone
but there are a few factors related to how bonus % on each level is computed:
decrease (-): amount of free roll claim (total claimed)
increase (+): by playing multiply btc (total wager amount) and/or buying lottery tickets
by my observation, there are 20 levels and we start with level 1 as a base reward (currently 32)
then for each level up we get additional amount of base reward (bonus level = multiplier)

in your case you are on bonus level 4, then your free roll is (3x32)+32 = 128
you activated 1000% FREE BTC bonus, 32 x 10 = 320
so you can claim for 128+320 = 448 satoshi each free roll at this moment

edit: made a small correction on the (+) sign Tongue

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: Teddybears on July 12, 2018, 01:19:19 PM

One more question. This is a shot without any rewards enabled. Which number on there is going to
change to 1,000x higher when I enable the reward?

https://imgur.com/gallery/P0aXPu5

1. The base bet increases
2. It increases by 10x/1000% not 1000x

Teddybears

full member

Activity: 331

Merit: 100

One more question. This is a shot without any rewards enabled. Which number on there is going to
change to 1,000x higher when I enable the reward?

https://imgur.com/gallery/P0aXPu5

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Quote from: TheQuin on July 12, 2018, 11:36:40 AM

Quote from: babygun on July 12, 2018, 11:17:04 AM

If the website would not be profitable, than the site would no longer be online.

It is always hilarious watching the trolls one minute screaming that we rip everyone off and make too much profit and then switch tack and claim your deposits are at risk because we're about to go bust.

Most of the requests I get can be summarised as either 'give us more free money' or 'reduce your house edge so you have less income to pay the freebies'.

Quote from: babygun on July 12, 2018, 11:17:04 AM

Would be cool if the new site would have some more extra features (besides the exchange) such as games or ...

Stay tuned.

I know you answered me sometimes here but are you among owners of freebitco? Or just support here?
Btw you may don't know but in old good days, even banks were promoting your website, this means you have trust in people.
You really pay low compared to old times but somehow no one considers the fact that bitcoin's price is high, more than 10x high. Low house edge would be better but I understand, being faucet and dice at the same time with 1% house edge is very unprofitable for website, however others can't understand it.
Wish you success, would love to see new and strong freebitco like it was some years ago.

broke_tradah

jr. member

Activity: 350

Merit: 6

It's the site's snake oil way of saying "pay us by losing all your BTC in the multiply game or we're cutting off any possible free btc bonus slowly". In otherwords, everytime you roll a free roll, that thing goes down by very large chunks. When you play multiply game, it will go up but it's so slow it's not even worth the risk. Just stick to the default 32 or whatever Sats that it gives for free. In about 3 billion years you might have a 100K sats. Unless of course you use a bot to claim 24x7. Just take a looksie around, such monsters do exist lmao.

Teddybears

full member

Activity: 331

Merit: 100

Why does the percentage towards the next level bonus go down when you use the hourly free spin? Also, what causes the bonus added to every win to drop?

Screenshot below. Thanks for the help!

https://imgur.com/gallery/VSbaMLu

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: babygun on July 12, 2018, 11:17:04 AM

If the website would not be profitable, than the site would no longer be online.

It is always hilarious watching the trolls one minute screaming that we rip everyone off and make too much profit and then switch tack and claim your deposits are at risk because we're about to go bust.

Most of the requests I get can be summarised as either 'give us more free money' or 'reduce your house edge so you have less income to pay the freebies'.

Quote from: babygun on July 12, 2018, 11:17:04 AM

Would be cool if the new site would have some more extra features (besides the exchange) such as games or ...

Stay tuned.

babygun

sr. member

Activity: 2170

Merit: 254

If the website would not be profitable, than the site would no longer be online.
Would be cool if the new site would have some more extra features (besides the exchange) such as games or ...

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: broke_tradah on July 12, 2018, 07:37:00 AM

Quote from: TheQuin on July 12, 2018, 01:51:55 AM

~

~~*FIXED*~~ I edited your quote without making clear what changes I made because I'm a complete twat that deliberately misleads people.

Quote from: broke_tradah on July 12, 2018, 07:37:00 AM

Btw i left the lie about the charity in there without any comedy modifications because thats just despicable. Donate here with btc: https://bitpay.com/615074/donate
Or other charities below (which also lists the above childrens link)
https://www.coinpurveyor.com/donations/

Unlike you, I have some self-respect so I have gone back and made a DISCLOSED edit to my previous post.

broke_tradah

jr. member

Activity: 350

Merit: 6

Quote from: TheQuin on July 12, 2018, 01:51:55 AM

It always was a for profit business.

The donate to charity option was removed because Save the Children stopped accepting donations in Bitcoin(stop lying thequack).

We're not removing the faucet so we hope we will continue to introduce many new people to Bitcoin so that we can take every last satoshi that they owe us and they owe us all of it.

The rebrand may help to end the confusion that many people have about us being a charity. The free money has always been there to sucker in new customers most if not all of which will deposit and and lose everything.

*FIXED*

Btw i left the lie about the charity in there without any comedy modifications because thats just despicable. Donate here with btc: https://bitpay.com/615074/donate
Or other charities below (which also lists the above childrens link)
https://www.coinpurveyor.com/donations/

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: TheQuin on July 12, 2018, 03:32:13 AM

It's going to be an exchange to compete with those made for trading. Although everything is still in the planning stage wetsuit said he intended it to .be an alternative to something like Shapeshift. Just the ability to switch from one coin to the other. The advantage will be for small amounts you will not have the hefty withdrawal fees that most exchanges charge.

It would be quite nice if it was similar to shapeshift, maybe offer people a chance to make buy/sell orders before transactions go through mihgt reduce the charge to you in case a coin immediately drops by 50% or something.

As I've seen, if you charge something between 0.02-0.5% then it's not too much different to the value of the buy/sell orders as there's just a usual fluctuation between exchanges that could add that rate - unless you get a really high volume.

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: Betwrong on July 12, 2018, 03:27:48 AM

I'm looking forward to starting trading on your exchange. Are you planning to create better conditions for users than on other exchanges? Please share some details beforehand if you can. Your site is a trusted place and I think many traders would move to your platform if conditions were better there.

It's going to be an exchange to compete with those made for trading. Although everything is still in the planning stage wetsuit said he intended it to .be an alternative to something like Shapeshift. Just the ability to switch from one coin to the other. The advantage will be for small amounts you will not have the hefty withdrawal fees that most exchanges charge.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: TheQuin on July 12, 2018, 01:20:19 AM

~

We'll be adding more coins and an exchange.

~

I'm looking forward to starting trading on your exchange. Are you planning to create better conditions for users than on other exchanges? Please share some details beforehand if you can. Your site is a trusted place and I think many traders would move to your platform if conditions were better there.

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