what do people think of Lolli? | Bitcointalksearch.org

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legendary

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Quote from: Slow death on December 20, 2018, 03:31:21 PM

How long does it take before I can withdraw?
While we encourage you to save your bitcoin (HODL!), we will be launching two major features soon that let you withdraw bitcoin. The first feature will let you cash out to your bank once you hit the minimum withdrawal amount of $15 (only takes a few purchases!). The second will let you transfer earnings to another bitcoin wallet.

this type of site the person always leaves with losses and the person always loses money

I find it more odd that they actually consider cashing out Bitcoin either to your bank account or to another Bitcoin address features, lol. It's a basic necessity.

My main concerns with these sites are;

- People not being able to reach the minimum withdrawal amount.
- If reaching the minimum withdrawal amount becomes too easy, that the main service will up it to $30 or even more, just to make sure a large chunk of the users won't be able to cash out.

The latter option I have seen become an easy form of power abuse on various crypto and non crypto related sites already, and it wouldn't surprise me if lolli (stupid name) pulls off the exact same tricks.

timerland

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Quote from: slowlyslowly on December 16, 2018, 05:34:48 PM

have just heard about Lolli.

Lolli rewards purchasers from a range of suppliers with bitcoin instead of other types of reward types.

On the face of it , if it takes off might add adoption of bitcoin as its an easy way for people to be introduced to bitcoin.

On the other hand it is potentially fraught with issues and for various reasons people may never actually get what they think they are getting so would actually not help longer term.

is anyone using it? besides being 'awarded' some bitcoin have you actually got sole access to the privet keys or tried to cash out etc. ie where does it all end up?

sorry if this should be in another thread?

I mean, it's a fun idea but really, nothing special. There has been a ton of cashback extensions and sites, and this is exactly like the rest of them, except it pays in bitcoin.

There is very little risk of using the service though, if you just install it and purchase whatever you wanted to purchase anyways. The only risks that I could think of would be them not paying you the bitcoins once you hit their $15 withdrawal threshold, and that would be a fairly low one in my opinion.

The thing though is that you're likely to make anything that is worth your while from this service. The cashback rates that are advertised are usually inflated by a lot, and there will likely be a lack of partnering companies that actually do offer cashbacks. Unless you shop on a regular basis, already use all their partnered sites, and potentially be willing to deal with item restrictions, I don't see it as anything too practical.

Slow death

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Quote from: slowlyslowly on December 16, 2018, 05:34:48 PM

have just heard about Lolli.

has a strange name, but where did you hear that name?

Quote from: slowlyslowly on December 16, 2018, 05:34:48 PM

is anyone using it?

I think it is not very advantageous to use these services:

Quote from: https://www.lolli.com/about

How is Lolli's "cashback" rate determined?
The cashback rate (%) of bitcoin is set by our participating retailers. We work closely with our top retailers to get the highest reasonable rate we can for the Lolli family.

Quote from: https://www.lolli.com/about

How long does it take before I can withdraw?
While we encourage you to save your bitcoin (HODL!), we will be launching two major features soon that let you withdraw bitcoin. The first feature will let you cash out to your bank once you hit the minimum withdrawal amount of $15 (only takes a few purchases!). The second will let you transfer earnings to another bitcoin wallet.

this type of site the person always leaves with losses and the person always loses money

LeGaulois

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For me, it isn't directly helping the adoption since users using similar websites are already bitcoiners themselves. I use such websites in my country and I tried to look for a BTC cashback site and one of the problems is it targets mainly Tier 1 countries (US-CA-UK-AU) but you can still find some good deals for some websites like Groupon, Expedia, Booking.

Potato Chips

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ohh never heard of this one too! but I think I could list some pros and cons for you op

Cons:

A. I checked their whois information and site seems to be recycled judging from the creation date.

Quote from: https://godaddy.com/whois/domain=lolli.com

Creation Date: 1997-05-05T04:00:00Z

B. If you base it on their SNS, they seem to have started somewhere at march and june 2018 so thats pretty new.

C. permissions could be a trust issue (img below)

PROS

A. Professionally looking website

B. Been featured to some reputable media: [coindesk] [forbes] [techcrunch] [business insider]

C. CEO revealed his identity: https://twitter.com/alexadelman

slowlyslowly

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have just heard about Lolli.

Lolli rewards purchasers from a range of suppliers with bitcoin instead of other types of reward types.

On the face of it , if it takes off might add adoption of bitcoin as its an easy way for people to be introduced to bitcoin.

On the other hand it is potentially fraught with issues and for various reasons people may never actually get what they think they are getting so would actually not help longer term.

is anyone using it? besides being 'awarded' some bitcoin have you actually got sole access to the privet keys or tried to cash out etc. ie where does it all end up?

sorry if this should be in another thread?

Topic: what do people think of Lolli? (Read 233 times)