Topic: To freebitco.in and their representative, TheQuin - page 2. (Read 6056 times)

Are you sure about that? I connected my Metamask wallet to Metawin right now and transferred some Polygon (Matic) from my wallet to Metawin to test your theory. I can confirm that I was able to play slots, live casino games and every casino section that's available on Metawin.

What changes in KYC do you mean? As I remember, they have a Curacao license and can demand KYC documents from users but TheQuin stated that that's most likely not going to happen and that is only a formal statement.

Unfortunately, web3 casinos are not a good business for the owners, since I have recently discussed this with a crypto casino owner and asked why they haven't opened a web3 casino to avoid centralization and KYC protocols. Simply, he said it wouldn’t be profitable for us as much as a normal crypto casino, because slot providers and live casino platforms wouldn’t grant licenses for web3 casinos. He also mentioned that fewer games and options for the players would attract less customers, resulting in lower profits to even sustain the casino alive.

I believe the same thing happened for Freebitco.in team who made these changes of KYC to attract more customers and keep the faucet operating, as otherwise, they might face financial difficulties to even pay their workers and team.

As I have said many times, I'll repeat that Freebitco was promoted by one of the biggest local bank in my country as the source of earning Bitcoins. I believe that their user base was huge at some point but they ruined everything. If I amn't wrong, there was an image posted of freebitco's reserves somewhere on this forum. There was an ETH address shared where Freebitco was holding 10,000 ETH. I repeat, if I amn't wrong cause I don't remember it exactly. If I find it, I'll share it.

They'll be rich, that's guaranteed because they are one of the oldest Bitcoin holders, Doge holders and also one of the oldest crypto casino without a KYC requirement, they also acquired FUN token too. They are rich but I don't understand why should they abandon Freebitco despite the fact how much wealth they have. Rich people never stop, they continue doing business over and over. If they were about to stop, then they wouldn't create Dplay and Club Riches. That's what I don't understand here, everything that happens around Freebitco is very strange and doesn't follow any logic.

They don't even try to recover. A single post from wetsuit or TheQuin that we are working to find a solution and solve your problems, would be enough to recover their reputation and grow further but they are silent.

That pisses me off as well. At the moment, bustabit and bustadice are two crypto casinos without KYC. Btw one thing that gives me hope is web3 casinos.

For a moment keeping aside the KYC and regulation/licence comments you made, the statistics mentioned on the website caught my eye. Can any of the numbers in the screenshot be independently verified? I doubt it.

Of course having 52 million registered users does not mean much if they are not logging in. I think I registered there 5-6 years ago to try to understand how they operated therefore by that definition I am a registered user but I have not logged in and cannot even remember what my login details were (and I have no intention of logging in). Still, I count as a registered user.

Even though they are having multiple issues that have now affected their reputation, they are still open for business.

Both have the same problem: you can't assume either citizens or governments do the right thing in the long term.
What we call "non KYC", most governments call "illegal" nowadays. Even if this site started out for ideological reasons, gaining tens if not hundreds of millions changes someone's perspective. Add the potential pressure from governments, and it may not be worth the hassle anymore.

What pisses me off is that this is a casino with no KYC and no wagering requirements. Another one that has gone back to the old ways, you know who it is? Lightlord, whose casinos are also one of the few left without KYC. And I say it pisses me off because I am one of those people who ideologically believe that things work better when citizens organize themselves without government intervention. I think that was the idea behind the creation of bitcoin, and that's how things worked for the first few years.

What happens is that sometimes reality slaps me in the face, and in cases like this, if they were regulated casinos in first world countries with a license, they would have had state or regulatory intervention a long time ago.

And that is a good argument for those who argue that the state, not the individual, is the best guarantee that things will go well.

I second that, it is almost impossible for any business to recover from this sort of problem, because even if they fix all the issues and everyone is able to withdraw, nearly all of their customers will abandon the platform afterwards, because they would not want to be twice unlucky if it proves to be a recurring issue, coupled with how poorly the casino and its reps handled the problem.

If they decide to abandon the platform, which i think they will, it is only ethical that it should be after all issues have been resolved.

That is the part that puzzles me. Some posts from newbies are making it clear their withdrawals have been completed and they are no longer in dispute with freebitco.in now but we are not hearing anything from the company itself. Basically, if they ensure nobody loses out and all those with balances can withdraw, they probably should unilaterally close down and find another business.

They probably will never be able to recover from the negativity surrounding their brand therefore the best thing could be to simply bow out with some degree of respect and/or honour.

I expect them to quit with honor like how they did with freedoge. Make everyone whole and then do whatever you wanna do with your millions.

There is no need to make people angry. After the recent events I don’t think there are many sane people who are still holding anything considerably big on their platform. The lack of communication is enough to stay away.

In fact, I am still surprised they are still up and paying ( there are reports saying they fixed the withdrawals) even though they don’t say anything at all. So weird.

I don’t really want to be a part of a weird experiment. This can go to any direction and it is most likely, down.

I would not be surprised if we are now seeing the final stages of their website (and business) before it completely collapses. Like all businesses in all walks of life they also are fully aware that once they have a tarnished reputation it will be difficult if not impossible to win customer/client confidence back. They had their time and their best days are behind them now therefore they are probably not interested in it any more.

Wetsuit was last online November 26, 2023, and his last post was 6 years ago.
TheQuin was last online May 23, 2024 and his last post was 7 weeks earlier.

Even if the site isn't abandoned, the users should abandon it!

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3.5 years ago, TheQuin gave a small insight into how much money the site had made:
That's 15 million dollars in dust alone, so it's safe to assume the "normal" funds are many times more. I guess they're simply too rich by now to care about people scraping dust from their cheating faucet, and I guess the competition from much newer online casinos combined with Bitcoin's price increase may have diminished the inflow of new Bitcoins.

I got a similar impression from several other users, but on the other hand, several users admitted that the freebitco.in representatives really resolved the problem completely and resolved it. It's true that many newbie come to complain and say something that further affects the reputation of freebitco.in, but I'm sure they don't mean to damage the reputation if they come to solve the problem. I don't expect freebitco.in to have been abandoned even though there is such an impression from the way they have handled matters so far.

Actually csfbc responded to my message here so a little support from there is…even if it’s a little one

I don't understand Freebitco's approach to the problem. There were withdrawal issues, then they fixed it, then issues raised again and as it seems, they fixed it again. Every issue will damage their reputation even further and every fix of the issue in this manner will only drain their wallet. I don't know what's in their mind, they could do very well if they had fixed the issue immediately without scam accusations and negative reviews in their ann thread.

I agree with you but at the same time, to be fair, Freebitco doesn't care about what's going on and that doesn't need any proof. When was the last time wetsuit or TheQuin came here? When was the last time you heard a response from them? I have an impression that Freebitco.in is abandoned...

Screenshots don't prove anything. It's only useful if you trust the source, in which case you wouldn't need the screenshot.

I do not want to put any negativity on anything related to recent posts from newbies about scam allegations including those that later posted to state they no longer had problems as they were now resolved but when allegations are made without any evidence being presented it does raise concerns surrounding the motives of those making the allegation.

As much as freebitco.in could have been (and still are) having problems, it does not mean every single allegation against them is true. Members should still be asking for evidence in the form of screenshots before accepting the allegation as being true. If there are circumstances where evidence cannot be presented, a reason should be provided and the community can then decide whether to accept it.

It got fixed for me aswell, when request, confirm mail was within seconds.

Sounds good to you - but I'm curious, do you get a delay on the confirmation email or is it sent immediately after you request the withdrawal? I don't have an account on freebitcoin - that's why I'm asking you.

Meanwhile - I still found some other users complaining on the freebitcoin ANN thread. The problem may have been resolved for some users - but perhaps not for all. What's unfortunate - no representative came forward to explain what the situation is now.

Finally I was able to withdraw now, BTC arrive, confirmation email arrive and payment was done quickly, no F2A activated account

We will see how long the complaint-free period will last. We don't know if they only temporarily solved the problem or if it was eliminated.
It is still unclear why it was difficult for them to come here, they say they have a problem and are working on solving it. It happens and no one would blame them.