Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1252. (Read 565954 times)

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).

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?

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.

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.

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.

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.  

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

Thanks to jackg & Thirdspace for correctly answering your questions.

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

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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.

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. 

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

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

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

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

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.

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.

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

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'.


Stay tuned.

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 ...