Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live!
Exactly my point. It feels like a common "Bait n Switch" business model, where you attract people with the promise of FREE money and when you hooked them into your service, then you switch to a business model based on profit. You even removed the "Donate to Charity" feature that was implemented at one stage.
It always was a for profit business.
The donate to charity option was removed because Save the Children stopped accepting donations in Bitcoin.1
It is sad to see this, because Freebitco.in has always been the site that helped to grow adoption and also spearheaded "newbies" entry into Bitcoin.
I am not badmouthing the site at all, I am merely making an observation based on my long-term association with this site, from it's early beginnings.
I hope with the new launch that we would see something that would be focussed on what this site was initially based on, which is "Helping" the millions of people that needs a jump start into their Crypto currency journey.
I am not badmouthing the site at all, I am merely making an observation based on my long-term association with this site, from it's early beginnings.
I hope with the new launch that we would see something that would be focussed on what this site was initially based on, which is "Helping" the millions of people that needs a jump start into their Crypto currency journey.
We're not removing the faucet so we hope we will continue to introduce many new people to Bitcoin.
The rebrand may help to end the confusion that many people have about us being a charity. The free money has always been there to bring in new customers some of which will deposit and play.
THIS
The goal of the website, as many companies out there, is to make profit. I think faucet will remain to attract new players, but they'll always be encouraged to play MULTIPLY BTC game. Freebitcoin can't give money without earning some somewhere.
Edit:
[1] It appears that Save the Children have started accepted Bitcoin donations again. Unfortunately, it was a very underused facility so it is unlikely we will bring it back.