Well, if we must be honest with ourselves, then we all will agree that FreeBitco is a relatively small platform or casinos, they are more focused on giving away than making money from their users, so to this effect, not very many users have and tangible amount of money deposited into their FreeBitco account for the sole purpose of playing games, those who deposit money into their FreeBitco account do so for the sole purpose of locking it and earning interest, as well as free spins for the wheel of fortune, and this locked funds are already withdrawn by freebitco from their hot wallet to their cold storage wallets, or maybe they have also loaned the money out their partner companies as a way for them too to make money.
So, even if hackers hack freebitco, they likely may find nothing to steal, not even users private information or data, since the site have never requested kyc verification from any of their users, even after announcing that they may ask a user to pass kyc verification if they find a reason to.
So yeah, scammers and hackers know what sites to target and what sites to not target.
Point taken. Well it sounds funny when you said even if hackers hack the website they won't have anything to get since don't take any KYC data from their users.
That's an advantage over other sites. Regarding making money, there's no business that can be run for such a long time without staying in profits.
In fact, so many people win so much money everyday on freebitco.in. So I guess it's not about just giving away.
I think they have planned everything out so well that hackers cannot penetrate their system.
I think that's a problem, how they are capable of achieving that is beyond my understanding. I mean there are thousands of bitcoins here, so per day they are giving away god knows how many btc for interest payment, I am not sure how they are making enough profit to pay the interest of these coins. They started this to get some funding for mining, but as far as I know they are not even doing that, and to be fair even if they did, I do not think that the return would be this big.
So, the fact that they are capable of paying the interests are still a marvellous thing to me. I get that it's not a ponzi, because it's been going on for years and years now, but I do hope that it never ends, the interest here is a great way of retiring for me.