Quote from: FinneysTrueVision on March 02, 2024, 07:25:08 AM

Of course I know what happened with FreeDoge. It was an unprofitable business so they allocated resources elsewhere. I don’t need a low effort blog post to explain it to me, which it doesn’t even do because it’s just stuffed with random nonsense for SEO purposes and speculative arguments.

If you have a problem with a speculative argument then that's your problem, but great to hear you know what happened and you're once again feel like you know it all. SEO isn't taboo. FreeBitco did the same thing when they just launched, was this a problem or you have personal vendetta specifically against us somehow? Your description of what happened to CoinPot (or CoinPayU) is once again a proof you're indeed a kind of person who feels like he/she knows it all, sorry to burst your bubble, and let's just stop there, you're not worth any further attention.

Quote from: Synchronice on March 02, 2024, 09:22:47 PM

I appreciate your response too but maybe they have machanism to cope with bots and service abuse? Don't get me wrong, you have 6+ years of experience as a faucet owner but if I recall correctly, freebitco is the first faucet out there or at least one of the most experienced one. Can't talk much about delayed withdrawals, I have no idea.
I don't know what to say, if their current business model wasn't profitable, they wouldn't run signature campaign and wouldn't keep website the way it is right now. They have enough money and probaly enough staff (or will hire if they want) to make significant changes.

Thanks so much firstly for posting with a more positive attitude unlike this TrueVision who thinks he/she knows it all.
Look,
The business model of FreeBitco, gambling, speculative things - it's fun and it's great, we like it, perhaps they could have added a more new-ish graphic element to it, but they don't have to - that's not the issue, the issue is not about their games and all which are great.

The issue is the faucet itself, these guys have thousands of Bitcoin, but they are giving away too much free bitcoin ... 1 satoshi seems like a joke to many of you, a grain of sand, but imagine thousands of users grabbing it, if you look at the web you would see hundreds of different bots already built with one design and purpose - to drain FreeBitco's faucet.

They exist even now, it's impossible to stop them just with IP address or with a "fingerprint" system, we tried it all with so many versions, it's just so damn hard, you can't really stop these bad guys.

The only thing you can do is change your business model, don't feed these bad guys with 1 satoshi every hour, you might have the budget to pay them all but if you check your books, check your profits - the faucets "eats" too much from your revenue, and it's not becoming just 1% or 5% where you can say "nah, it's small potatoes, let's just forget about it".

With their size it's becoming a monster, the elephant in the room - so yes, that's why we talked about it.

Anyway back to the point - CoinPot didn't shut down just because of the rising price of DOGE, CoinPayU for sure not ... did you see how many ads are showing now on autofaucet-dutchycorp? You can't even see the faucet...

FireFaucet is another example where you have to go up levels to make it worthwhile so basically you have to "prove" you're a genuine person even though it might scare off some users - long run it works.

Dutchy/Fire didn't do it because they want to bother the users, the revenue from ads isn't the same as it was before for them and the amount of users claiming is only growing and growing.

FreeBitco is no different, it has a bad negative book eating up a huge chunk of Bitcoin on a daily basis, this is unfortunately not a speculative argument, TheQuin/Wetsuit would tell you the same thing if they were here.

We're all in this together, the goal of big faucets is to sustain themselves and provide value for their users, the value is being diminished when more and more bots eat up the profits. In FreeBitco's case they might have enough budget to live with that, but it's a growing problem, just like a cancer, so in order to fix the problem from its root - you change the business model, and then it's a win-win for everyone, long term for sure.