You are asking me something to which you already have an answer - I assume that the people who have been working on this project for some time are not the same ones who have been working on it for the past ten years - it is logical that the old team would fix everything within a reasonable time.
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Your assumptions is very valid, but the part that confuses me is the part where you said the person who bought it isn't capable of running it. <...>
I initially suggested that the site might be running on autopilot, and so far, considering the current state of the site, I still might go with that assumption, though I think someone usually do come around from time to time to fix a few things and then go away again..
Or may be the real owner of the site is not capable of the running the site physically, may be is not so well and so someone else is running the site for him.
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No man will set up a business as big as freebitco and run it alone, even if he's a developer, he can't develop or write every single code on his own, it's not only tiring but exhausting, and writing code does not require doing it under any form of pressure of fatigue, as doing this may result in alot of errors that could turn out very dangerous for the platform.
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Well, all this is nothing but speculations, we can never know, until someone (an insider) comes on to tell us all what exactly is going on, or what has gone wrong.
Well, obviously this is pure speculation for which we have no proof, but what you say, Fivestar4everMVP, reminded me of the case of Lightlord's casinos, where every time he got sick or went on holiday the casinos had problems. They were basically run by him and a couple of employees, with only him having access to the money.
Either way, freebitco.in is a botched job. Whether the people who ran the casino before are still running it, so you can't understand why they are running it so badly now, or whether they are new investors who have spent the money to buy it but not to run it properly.