I am republishing the updated list with feedback so that everyone has a complete view...
This is the current situation.
1) Currently what works:- Points and Tickets every Faucet Roll.
- Spin Wheel, credits all types of prizes (Satoshis, Points, Tickets, etc...).
- Satoshi Bonus in faucet roll (for those who have it active).
- % extra interests per satoshi (over 30000) available in the account, if you have the Premium active.
- Decrease % of Bonus Faceut advancement for each Spin Wheel played.
- Dice Game.
- The Daily Jackpot of the Dice.
- Points credited every 500 satoshis played in the Dice.
- Tickets credited every 500 satoshis played in the Dice.
- Elegible or Selectable bonus every Wagers Volume completed in the Dice (in the Dice game section).
- % of Bonus Faucet advancement every Wagers Volume completed in the Dice.
- % cashback of wager volume, if you have a Premium activated.
- Locked FUNTokens that do not unlock even after the period expires (sometimes they unlock late)
- Slow Withdrawal.
- Deposits (credited on site at least 24+ hour(s) later).
- Subscription email, with news and 1 free spin wheel.
- Site Blog (still updated
https://freebitco.in/site/blogs/)
- X (Ex Twitter) news update (
https://x.com/freebitco).
2) Currently what does not work:- Daily Wheel Spin credit if you have the Premium, based on membership adquired.
- Instant Withdrawal sometime don't work (other yes).
If anyone knows of any other features on the site that are not working or have stopped working, please let everyone know.
At the moment there are no communications from the staff or owner of the site to know if the features will be reactivated (and when) or if they will be replaced by something else, so everyone will decide what to do.
I have compiled a list of good and bad things about Freebitcoin that are of concern from the safety standpoint. If it's not already clear, I am judging their trustworthiness more from the point of view as the website being a "BTC savings account with a casino attached" rather than the opposite.
The bad:- The addresses quoted above are now empty, I haven't seen any other proof of address posted anywhere
- For quite some time now (at least ~October 2023) the STATS page of the website is broken and doesn't show anymore the active users/funds held by freebitcoin nor the amount of BTC bet/won. I seem to remember that they used to also provide the last website deposits and payments that they sent, are those features broken too?
- Somehow (thankfully) they are still avoiding KYC regulations tightening all around the world, which probably makes them completely invulnerable in case something bad were to happen to the funds!
- The whole FUN endeavour seems to have been quite a flop and development has stalled (I know FUN and fb aren't the same thing, but they seem heavily involved/exposed)
- The website on the EARN BTC page still says that they are using Trezor rather than Ledger as in the first sentence of the quoted text above (it's a nitpick, yes, but if that is wrong, what else is?)
- The site seems to still be run by only two fully anonymous people (wetsuit and TheQuin)
- Except some recent outliers the weekly lottery tickets numbers seem to have been steadily decreasing, is it sign of a diminishing user base?
- Despite the bust of most other crypto interest-earning websites, they still offer a very solid 4.08% on the deposited BTC, which is upgradable through Premium to 5.1% for what is now very little money, compared to when FUN first launched: around 2.5k$ (it was around 15k$ when Freebitcoin+FUN was announced).
The good: - It seems like that most things are automated
- They seem to operate directly in BTC (thus avoiding volatility of BTC vs fiat)
- They have good house margins and good betting mechanisms
- Only two people (wetsuit and TheQuin) seem to have access to the funds, which makes them more strong against internal theft
- They have been around for a long time
I still mostly trust Freebitcoin only because of these reasons, but
being more transparent about how the funds are managed should be a priority given the anonymity and likely complete legal immunity that they have managed to keep.CSFBC hasn't been online on this forum since 19-08-2024.
Multiple times the support has said that they are working on the issues, but don't believe there is a single dev that knows the system and is working on it.
This website used to be the pinnacle of transparency, you were able know how the website was doing monetarily, you were able to check that they had the BTC in custody, TheQuin would talk to you straight and, hell when the website sometimes went down TheQuin would come out and say how the issue was a specific thing X in database Y, etc... but is now the opposite... I'd classify putting BTC in this website as "HIGH RISK, DON'T DO IT".