Quote from: adzino on Today at 06:24:33 PM

Quote from: xz0708 on November 14, 2020, 08:15:39 PM

Is this a serious thing? freebitco.in/ - scroll down 1/2 way of page. EARN INTEREST ON YOUR DEPOSITS section.

Just curious, didnt see anyone mention, but 4% daily compounded interest is kind of exciting if it is legit.....any one any info?

Like others said, it is 4% yearly interest, compounded daily. Daily 4% would be a stupid idea and a red flag for being a HYIP ponzi scheme.. Yeah, they are legit so far. I mean they have been here for like more than 7 years maybe. Their main ANN thread has hundreds of replies and the owner is still active. So, at least for now there aren't any scam accusation against them so its good to use. What ever you invest is used for mining and their bankroll. They have a very high house edge and people do gamble using dice over there, so they eventually manage to cover your profits too. Just be careful not to but all your bitcoins over there.

I think so, sounds like a High Yielding Investment Program or an HYIP, which at first looks attractive but not sustainable in the long run. But I have an account too on freebico.in but did not login for several months, will check this. The thing that they stay online for several years means they are okay and doing good, but this offering is something new that needs to be reviewed.