FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 794.

dwyane36

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Quote from: ultrloa on March 01, 2021, 04:13:23 AM

Quote from: Karartma1 on March 01, 2021, 03:30:15 AM

Quote from: freebitco.in PR on February 26, 2021, 06:18:57 AM

OFFICIAL ANNOUNCEMENT - FreeBitco.in Has Acquired FUN Token!

3. New Blockchain: Based on the Ethereum blockchain, FUN prided itself on being fast, open, and secure. However, the growth of DeFi on Ethereum has been pushing gas prices up for many months, making the adoption of FUN too expensive for users. FreeBitco.in is actively exploring opportunities to port the FUN Token to a new blockchain that is faster and cheaper.

It's the only thing that matters now because Ethereum's blockchain is being under such an heavy pressure that it is mostly annoying to transact over there.
Congrats on the acquisition by the way, and if you solve the usability problem that can be a huge boost for your platform.

Many gamblers has been turn off for the fees what ethereum require for each transaction we made that's why it's a good move for dev to move up and choose another chain to make it more reliable and faster to their user. The one I'm waiting now is the implementation and will wait for further news about the developments.

Yeah, many dapps like games became unfit for use after the gas price has been boosting. I hope the gas price will be cheaper after EIP-1559, but we may expect it only in summer or fall. As an option, freebitcoin can use BSC as an alternative to ETH.

slaman29

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Quote from: Bttzed03 on February 28, 2021, 10:56:55 PM

Can we take a break about FUN token for a bit? Grin

Has anyone gotten their winnings from the BTC price prediction by Feb. 28 event? If none, how long does it usually take before they are credited to your account?

Agreed. You're into it or you're not, but maybe it's more exciting to talk about the actual things still going on as usual at FBC Wink

I've not put in many predictions of late due to price being impossible to see in terms of wild swings.

Also, seems like more and more of my WoF prizes are going to lottery tickets these days. Which is okay, as long as I win one of them again soon:P

Everyone enjoy the temporary dip to near $40k?

ultrloa

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Quote from: Karartma1 on March 01, 2021, 03:30:15 AM

Quote from: freebitco.in PR on February 26, 2021, 06:18:57 AM

OFFICIAL ANNOUNCEMENT - FreeBitco.in Has Acquired FUN Token!

3. New Blockchain: Based on the Ethereum blockchain, FUN prided itself on being fast, open, and secure. However, the growth of DeFi on Ethereum has been pushing gas prices up for many months, making the adoption of FUN too expensive for users. FreeBitco.in is actively exploring opportunities to port the FUN Token to a new blockchain that is faster and cheaper.

It's the only thing that matters now because Ethereum's blockchain is being under such an heavy pressure that it is mostly annoying to transact over there.
Congrats on the acquisition by the way, and if you solve the usability problem that can be a huge boost for your platform.

Many gamblers has been turn off for the fees what ethereum require for each transaction we made that's why it's a good move for dev to move up and choose another chain to make it more reliable and faster to their user. The one I'm waiting now is the implementation and will wait for further news about the developments.

Karartma1

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Quote from: freebitco.in PR on February 26, 2021, 06:18:57 AM

OFFICIAL ANNOUNCEMENT - FreeBitco.in Has Acquired FUN Token!

3. New Blockchain: Based on the Ethereum blockchain, FUN prided itself on being fast, open, and secure. However, the growth of DeFi on Ethereum has been pushing gas prices up for many months, making the adoption of FUN too expensive for users. FreeBitco.in is actively exploring opportunities to port the FUN Token to a new blockchain that is faster and cheaper.

It's the only thing that matters now because Ethereum's blockchain is being under such an heavy pressure that it is mostly annoying to transact over there.
Congrats on the acquisition by the way, and if you solve the usability problem that can be a huge boost for your platform.

UserU

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Ayyy, managed to win the prediction of BTC between 40K - 50K with my miniscule bet Cheesy

Quote from: TheQuin on March 01, 2021, 01:02:03 AM

That's actually an interesting comparison with CLAMS because it doesn't prove a crucial difference. The use for FUN tokens before we got involved was for gambling on Funfair games. One of the big problems it suffers is that users have to pay high ETH Gas fees to be able to play.

Good move. ERC20 tokens can't scale much with such high prices. Now we'd see some good use of FUN.

TheQuin

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Quote from: jaysabi on February 28, 2021, 12:56:16 AM

It does have some utility because FB is using it, but still the question is why. What's it accomplish you can't do with bitcoin already? That's the crucial difference. It's like how JD used/uses CLAMS. (Dunno if they still do, haven't followed that site in a long time.) But that's another instance where CLAMS was a worthless coin, but it gained utility because it was the only coin JD would take for gambling. The use-case for the coin outside that site was virtually 0 though, and the overall question remained, why that coin specifically? It wasn't doing anything you couldn't do with bitcoin, so it was just useless differentiation.

That's actually an interesting comparison with CLAMS because it doesn't prove a crucial difference. The use for FUN tokens before we got involved was for gambling on Funfair games. One of the big problems it suffers is that users have to pay high ETH Gas fees to be able to play.

Quote from: freebitco.in PR on February 26, 2021, 06:18:57 AM

3. New Blockchain: Based on the Ethereum blockchain, FUN prided itself on being fast, open, and secure. However, the growth of DeFi on Ethereum has been pushing gas prices up for many months, making the adoption of FUN too expensive for users. FreeBitco.in is actively exploring opportunities to port the FUN Token to a new blockchain that is faster and cheaper.

4. Dedicated Wallet: FreeBitco.in is working on creating a dedicated wallet for FUN users that can operate seamlessly between different iGaming platforms. The wallet would also help users convert their FUN tokens into multiple crypto and fiat currencies.

Bttzed03

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Can we take a break about FUN token for a bit? Grin

Has anyone gotten their winnings from the BTC price prediction by Feb. 28 event? If none, how long does it usually take before they are credited to your account?

Saint-loup

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Quote from: STT on February 28, 2021, 03:49:25 PM

I can see it might be the high for the year, I heard a big trader say 6 months possibly and thats not especially negative just normal averaging or consolidation;

You've heard a big trader doing an analysis on Funfair? Could you share a link please? I wonder how he could predict a 6 months consolidation while the premium program haven't been launched for now. You should wait 2 more weeks before doing such kind of hazardous assumption IMHO

STT

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It wasnt zero worth, its an active company but growth and usage helps alot more.

Its not impossible to value the prizes, there might even be equations used to equate probability to some worth though its unknown in an absolute way the market values future worth every day in the tradable price of many assets. Or simply take the lowest prize as the base worth but sure the interest is probably the biggest deal for a big holder (or the cashback).

Quote

the person will leave with very large losses

I dont think its a situation for someone who is going to leave immediately. I estimate the period of these few years coming up will be positive and so its generally going to be ok to hold. I dont know of course, it could be this current gain was the peak but I imagine its more about gains over time not just price immediately reflecting speculation. I dont reckon we'll be just mulling over the Elon Musk peak in 2025. I can see it might be the high for the year, I heard a big trader say 6 months possibly and thats not especially negative just normal averaging or consolidation; I did estimate 2020 would be flat in sum but then we went full 28 days later Tongue

uneng

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Quote from: Slow death on February 28, 2021, 12:51:03 PM

Quote from: uneng on February 28, 2021, 11:55:34 AM

Negative side:

During the first year of FUN investment you won't receive the maximum bonus. You need to wait 1 year to start taking advantage of 25% extra interest and 16 free spins;
By investing your btcs in FUN you would still lose potential bitcoin bull runs' profits.

currently bitcoin is struggling to stay above $43,000, and because of that bitcoin price drop FUN token has dropped 16% and here comes this problem too:

when the price of bitcoin dropped a lot, altcoins also dropped a lot.

imagine taking $15,000 from the bank and buying bitcoin for the price of $ 44,000 and then buying FUN and a year later the bitcoin price is $ 22,000? the person will leave with very large losses, but it can also happen that the person takes $ 15,000 from the bank and buys bitcoin for the price of $44,000 and buys FUN and a year later the bitcoin price costs $ 100,000 and the price of FUN costs 0.06 $ and the person leaves with a lot of profit

Yes, that is the normal volatility of crypto market and could indeed happen. There are many risks involved and the investor must be aware of all of them before making the final decision. Personally I'm confident in bitcoin and I'm patient enough to wait for long run profits, so I'm fine with this. But I think nobody should take money from the bank that will be needed for daily expenses, emergencies or even taking loans at bank to buy crypto currency, that is totally frowned up.

SquallLeonhart

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Quote from: jaysabi on February 28, 2021, 12:56:16 AM

It does have some utility because FB is using it, but still the question is why. What's it accomplish you can't do with bitcoin already? That's the crucial difference. It's like how JD used/uses CLAMS. (Dunno if they still do, haven't followed that site in a long time.) But that's another instance where CLAMS was a worthless coin, but it gained utility because it was the only coin JD would take for gambling. The use-case for the coin outside that site was virtually 0 though, and the overall question remained, why that coin specifically? It wasn't doing anything you couldn't do with bitcoin, so it was just useless differentiation.

And I've done the calculations on FUN and took a pass on it because I didn't deem it a worthwhile investment, based solely on the math. Everyone has to make their own determination about that though.

I would have to say even if it had zero worth before freebitco.in took over as soon as this acquisition was made, it became something that has utility and that is what we should care about. Because, if it was a shitcoin with absolutely nothing of worth doing with it and should be zero and dead BEFORE freebitco.in that was before and right now we do not care about it, that doesn't change anything about today, which is why we should feel fine about it.

But afterwards, it has a chance to change things and it has changed things and right now it has utility so it has a huge potential, we should care about what and how it is right now and not beforehand, it was chosen and that is done there is nothing else to care about the past now, looking at the future we can say that freebitco.in will be amazing for FUN token and the price will definitely increase as long as they keep making FUN token their crypto.

Saint-loup

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Quote from: pawanjain on February 28, 2021, 11:01:35 AM

Quote from: Saint-loup on February 27, 2021, 03:52:52 PM

Quote from: uneng on February 27, 2021, 11:30:19 AM

I'm not sure yet how advantageous FUN investment could be, but it's not like 99% of altcoins in the market, because it actually offers some exclusive benefits to holders, such as free wheel daily spins and increasement in bitcoin interest income for FreeBitco.in's investors, depending on the amount you hold and on how long you are holding.
So it's not a token which relies in speculation to grow. The calculation someone should do is if extra free spins and bonus interest worth the investment in FUN coin.

Yes I agree with you and especially don't forget the (up to)1% cashback/rakeback on all what you'll wager in the hi-lo game and the parimutuel betting sportsbook, I really think it will interest all the biggest freebitcoin gamblers.

I wonder why Freebitco.in decided to acquire FUN tokens. I mean, how hard is it to create their own tokens anyway. Just a few clicks and bang, you have your own tokens ready.
I just did the math and decided not to buy FUN tokens because it wasn't really affordable for me to invest such an amount for the rewards.
I would have bought 2500 FUN tokens but then saw that it would give 1 free spin only and in order to get more than 1 free spin we had to buy more FUN tokens.
So I decided I would pass and just enjoy my 1 free spin everyday just like that.

Solsex has already replied to you above. But I would add they maybe didn't want to take the burden of building an ICO while they could offer a simple swapping with an existing crypto...

Quote from: soslex on February 28, 2021, 12:14:48 PM

Quote from: pawanjain on February 28, 2021, 11:01:35 AM

I wonder why Freebitco.in decided to acquire FUN tokens. I mean, how hard is it to create their own tokens anyway. Just a few clicks and bang, you have your own tokens ready.

That question is answered on the page that describes the premium membership:

"Since 2017 (the year of the Bitcoin Boom), we’ve seen hundreds of utility tokens crop up with little to no actual utilization. Instead of introducing our own coin into the crowded marketplace, we decided to take a promising token and celebrate its utility by aligning them with our brand, thereby adding value and recognition.

Seeing how FunFair operates in the online gambling space and how it values provably fair gaming and transparency above anything else, it was the perfect fit for FreeBitco.in."

Slow death

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Quote from: uneng on February 28, 2021, 11:55:34 AM

Negative side:

During the first year of FUN investment you won't receive the maximum bonus. You need to wait 1 year to start taking advantage of 25% extra interest and 16 free spins;
By investing your btcs in FUN you would still lose potential bitcoin bull runs' profits.

currently bitcoin is struggling to stay above $43,000, and because of that bitcoin price drop FUN token has dropped 16% and here comes this problem too:

when the price of bitcoin dropped a lot, altcoins also dropped a lot.

imagine taking $15,000 from the bank and buying bitcoin for the price of $ 44,000 and then buying FUN and a year later the bitcoin price is $ 22,000? the person will leave with very large losses, but it can also happen that the person takes $ 15,000 from the bank and buys bitcoin for the price of $44,000 and buys FUN and a year later the bitcoin price costs $ 100,000 and the price of FUN costs 0.06 $ and the person leaves with a lot of profit

soslex

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Quote from: pawanjain on February 28, 2021, 11:01:35 AM

I wonder why Freebitco.in decided to acquire FUN tokens. I mean, how hard is it to create their own tokens anyway. Just a few clicks and bang, you have your own tokens ready.

That question is answered on the page that describes the premium membership:

"Since 2017 (the year of the Bitcoin Boom), we’ve seen hundreds of utility tokens crop up with little to no actual utilization. Instead of introducing our own coin into the crowded marketplace, we decided to take a promising token and celebrate its utility by aligning them with our brand, thereby adding value and recognition.

Seeing how FunFair operates in the online gambling space and how it values provably fair gaming and transparency above anything else, it was the perfect fit for FreeBitco.in."

uneng

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Quote from: jaysabi on February 28, 2021, 12:56:16 AM

Quote from: uneng on February 27, 2021, 11:30:19 AM

Quote from: jaysabi on February 27, 2021, 09:58:23 AM

Having trading volume doesn't mean it has utility, it just means people are speculating in it. So that doesn't mean it's not a shitcoin. Also, having a whitepaper doesn't mean it's not a shitcoin either. Since it's a vague term without a universal definition, you'll probably get variations from person to person, but I would consider a coin with no utility or no problem to solve to be a shitcoin. I.e., it doesn't need to exist, or someone just created it to enrich themselves. That's 99% of all coins on coinmarket cap. There are only a handful that wouldn't fit this definition, and I'm not exactly sure FUN is one of them. Does it need to exist? No, not really. It's not currently doing anything bitcoin doesn't already do. Faster and cheaper aren't exactly breakthroughs anymore when there are other tons of other coins that do this too. Guess we'll see if FB can grow it into anything more than what it currently is.

I'm not sure yet how advantageous FUN investment could be, but it's not like 99% of altcoins in the market, because it actually offers some exclusive benefits to holders, such as free wheel daily spins and increasement in bitcoin interest income for FreeBitco.in's investors, depending on the amount you hold and on how long you are holding.
So it's not a token which relies in speculation to grow. The calculation someone should do is if extra free spins and bonus interest worth the investment in FUN coin.

It does have some utility because FB is using it, but still the question is why. What's it accomplish you can't do with bitcoin already? That's the crucial difference. It's like how JD used/uses CLAMS. (Dunno if they still do, haven't followed that site in a long time.) But that's another instance where CLAMS was a worthless coin, but it gained utility because it was the only coin JD would take for gambling. The use-case for the coin outside that site was virtually 0 though, and the overall question remained, why that coin specifically? It wasn't doing anything you couldn't do with bitcoin, so it was just useless differentiation.

And I've done the calculations on FUN and took a pass on it because I didn't deem it a worthwhile investment, based solely on the math. Everyone has to make their own determination about that though.

The calculation I did was:

500,000 FUN (to take maximum advantage of the investment) is about 15,000$ dollars if you buy for 0,03$ each.

15,000$ is proportional to 0,35 btc.

0,35 btc generates interest income of 0,014 btc yearly in the site (4,08%), approximately.

By investing in FUN coin your daily income will decrease, as you will be exchanging your bitcoins out. So you need to make sure the extra 25% interest from holding 500,000 FUN after 1 year on will generate at least more than 0,014 btc yearly. The 25% bonus interest must be more profitable than holding 0,35 btc.

Conclusion: it worths for people who 0,35 btc represents less than 25% of their total investment in the site. If you have more than 1,4 btc invested it could sound interesting after 1 year. And consider the 16 daily free wheel spins a bonus, as it's impossible to take its prizes in consideration as they are random.

Negative side:

During the first year of FUN investment you won't receive the maximum bonus. You need to wait 1 year to start taking advantage of 25% extra interest and 16 free spins;
By investing your btcs in FUN you would still lose potential bitcoin bull runs' profits.

Text

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Quote from: pawanjain on February 28, 2021, 11:01:35 AM

I wonder why Freebitco.in decided to acquire FUN tokens. I mean, how hard is it to create their own tokens anyway. Just a few clicks and bang, you have your own tokens ready.
I just did the math and decided not to buy FUN tokens because it wasn't really affordable for me to invest such an amount for the rewards.
I would have bought 2500 FUN tokens but then saw that it would give 1 free spin only and in order to get more than 1 free spin we had to buy more FUN tokens.
So I decided I would pass and just enjoy my 1 free spin everyday just like that.

When I first saw FUN here on FB I thought they made it themselves but it didn't. That did not stop me from buying. However, FB will not claim the remaining tokens in the cold storage if they do not study it carefully, they will not just buy it if it has no purpose. FB has a lot of surprises, we know that. We know, we buyers will have additional benefits in launching it, by continuing to hold and use its tokens. Let's just say that FB saw something on this token so they just became interested in it because it fits their platform. Its token developers are also impressive especially the founders, really talented, and professionals in the gaming development and industry.

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Quote from: Saint-loup on February 27, 2021, 03:52:52 PM

Quote from: uneng on February 27, 2021, 11:30:19 AM

I'm not sure yet how advantageous FUN investment could be, but it's not like 99% of altcoins in the market, because it actually offers some exclusive benefits to holders, such as free wheel daily spins and increasement in bitcoin interest income for FreeBitco.in's investors, depending on the amount you hold and on how long you are holding.
So it's not a token which relies in speculation to grow. The calculation someone should do is if extra free spins and bonus interest worth the investment in FUN coin.

Yes I agree with you and especially don't forget the (up to)1% cashback/rakeback on all what you'll wager in the hi-lo game and the parimutuel betting sportsbook, I really think it will interest all the biggest freebitcoin gamblers.

I wonder why Freebitco.in decided to acquire FUN tokens. I mean, how hard is it to create their own tokens anyway. Just a few clicks and bang, you have your own tokens ready.
I just did the math and decided not to buy FUN tokens because it wasn't really affordable for me to invest such an amount for the rewards.
I would have bought 2500 FUN tokens but then saw that it would give 1 free spin only and in order to get more than 1 free spin we had to buy more FUN tokens.
So I decided I would pass and just enjoy my 1 free spin everyday just like that.

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Quote from: mindrust on February 27, 2021, 08:13:51 AM

It doesn't make sense. FUN is (or was) already a dead shitcoin without any trading volume. The demand for FUN tokens was already zero before freebitco.in announced that they bought some.

...

FUN is at #131 right now btw.

2 months ago before the freebitco.in stuff, it was at #363.
https://coinmarketcap.com/historical/20201227/

Which means it was dead. DEAD. I wasn't alive. It never was. It had no audience or whatsoever.

You're right. Actually, if look at the graph, it looks like a typical "pump and dump" scheme.

This is the graph in $. We can see there was a big pump, followed by a dump and then it went dead, as you say. Then, like a month before the rewards program was lunched, it started to be pumped againg. It looks like some whale new about the plans.

Anyway, as I said before, I am happy that FB are taking measures because as far as price is concerned, the launch has been a failure.

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Quote from: slaman29 on February 27, 2021, 12:03:48 PM

Quote from: Poker Player on February 27, 2021, 12:42:35 AM

Quote from: freebitco.in PR on February 26, 2021, 06:18:57 AM

OFFICIAL ANNOUNCEMENT - FreeBitco.in Has Acquired FUN Token!

That is great news! This is to not surprising coming from a company with the great reputation that freebitco.in has. It shows it cares a lot about its customers.

woo wow! I didn't see this coming at all to be honest, as much as I thought FBC did a pretty nifty move to make FUN part of the ecosystem, acquiring it is a whole new business direction. But as long as it makes the business more stable and diversify income, I'm all for it. Long live FBC and FUN

Time to fill bags people?

Their Fun Token signature campaign started since almost 4 weeks ago.

In that case, we've got already hint about FUN token and freebitco.in's acquisition of it.

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Quote from: jaysabi on February 28, 2021, 12:56:16 AM

It does have some utility because FB is using it, but still the question is why. What's it accomplish you can't do with bitcoin already? That's the crucial difference. It's like how JD used/uses CLAMS. (Dunno if they still do, haven't followed that site in a long time.) But that's another instance where CLAMS was a worthless coin, but it gained utility because it was the only coin JD would take for gambling. The use-case for the coin outside that site was virtually 0 though, and the overall question remained, why that coin specifically? It wasn't doing anything you couldn't do with bitcoin, so it was just useless differentiation.

And I've done the calculations on FUN and took a pass on it because I didn't deem it a worthwhile investment, based solely on the math. Everyone has to make their own determination about that though.

^It's just an additional way to earn more rewards, without using up the BTC on account (which the owners obviously want people to gamble with as much as possible, or to buy lottery tickets and golden tickets etc). And now, that they own it outright, they also obviously want to show others that FUN can have a real utility for a website with thousand of users. Maybe other sites start using it (since it's big already and easily gotten on liquid markets).

Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 794. (Read 565681 times)