Thank you for the detailed explanation,now I understand it completely.Still a great offering I would say to people who can permit to risk 1 or 2 Bitcoin as I don't see any banking interest to even come close or compete with such return for one year if you put let's say a Bitcoin with price 43.000 USD you get as an interest after a year 1754 USD as a reward.I would love to see a bank which can do that as in Europe I know for sure there is none,but may be there is in US I don't know.
A great but also illegal offering. BlockFi just agreed to pay $100 million dollars to the SEC because their interest accounts were not compliant with securities regulation. If freebitco.in was fined $100 million there is next to zero chance that any large investor ever gets their BTC back.
Oh, you're back. What happened? Did you spend a few days looking for something positive to do with your life and think that it was too difficult and come back to the pool to take another shit?
Idiotic claims that we are doing something illegal always give me a good laugh. We've been offering interest on Bitcoin balances for over 5 years IIRC. Don't you think if that was of any concern to any authorities in a third country like the US then something would have already happened? Or do you think you're so smart you're the first person in the world to think of it? Have you considered that running a successful business like this for 8 years doesn't just happen by chance? We retain a top law firm to advise us and make sure that everything we do is legal and doesn't fall into any regulated markets.