What if they split the amounts over several different accounts? What is the difference between you paying out 40 BTC for one
account and paying it out for 1000 accounts? There are many old timers with a lot of coins, but I figure they will have better
methods to increase those coins, than dumping it on a site with a 4% interest rate. Roll Eyes That said, people do the strangest
things when it comes to money. (Greed clouds people's judgement)
Those 4% interest rate are secure however, you don't have to trade or bet any coin to get your interests every day. It's by far more interesting than bank accounts (at least in my country) that offer 1% per year with limited amount.
There is ZERO security with freebitco. If you dump your BTC there, you are LESS secure than storing your USD at a bank because there is NO insurance coverage. Period. A bank is less likely to just up and walk away with your USD for no reason at all than freebitco is to just up and walk away. Why? Because there are no consequences. Wetsuit could take all your shit today and there isnt a damn thing you could do about it. Thats not security. Thats gambling. And you didnt even have to roll any virtual dice to do it. All you had to do was make a BTC transaction.
"Secure" wasn't the best word to describe my idea. Of course freebitco.in doesn't have any guarantee about the money you give them (I'm not sure whether a bank has more security - if they're broken, they won't give your money back as well - but that's not the debate).
Question is, with a certain amount of btc you can play with (i.e. afford to lose), which is the best way to make them grow? A fixed interest rate, like freebitco.in offers, or trading/betting? There's less risk losing your money with the interest than with trading/gambling (excluding the risk that the website runs away with the money, risk shared with trading platforms and betting sites).
Neither. Those that make money dont trade and they dont gamble. Instead they take other people's money. So if you want to make anything with the least amount of risk, do exactly what Wetsuit is doing and convince others to send you their BTC free of charge. The old saying of "Money flows from the stupid to the smart" definitely applies to your question and it's clear which group you belong to.