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Does every user receive 100% of the bitcoins mined using their device’s resources? If the answer is “no”, then you’re either running a Bitcoin lottery (which i

Does every user receive 100% of the bitcoins mined using their device’s resources? If the answer is “no”, then you’re either running a Bitcoin lottery (which is gambling), a Bitcoin skimmer (which is stealing), and/or a Bitcoin pyramid scheme (which is fraudulent). From your reply, the answer is lottery/gambling, and from other replies, you did not clearly mark your app as a gambling app. That you’re gambling “points bought with watts” in no way contradicts that. If I misunderstand which of the three paths your app is taking, or if somehow you’re constructing a fourth path, please correct me in plain and specific language on how you acquire (through mining or currency conversion) the Bitcoin it distributes to end users, and how you are not a lottery system such that each user receives the full value of currency their device is responsible for creating. EDIT: As a footnote, your article is full of outrage but contains no technical details about your app, which is a common red flag for “we got caught doing something we’re unwilling to describe plainly”.

dangero 7y ago
We don't mine Bitcoin on users resources this is a witch hunt. I have nowhere mentioned mining and our app does not mine. Mining only works with huge ASIC farms mostly in China with cheap power. We are not involved in this at all. Our app has ads, like many apps do. That's the primary way we make money. We give users loyalty points for playing the game, they can cash those out for a very small amount of Bitcoin that is it.
- knighthack 7y ago
  Is your "primary" way the only way you make money through the app, or is there a secondary mechanism for making money through it?
  - dangero 7y ago
    Right now the other source is Coinbase referrals -- they have a referral program for new users that we onboard. You can google it to see how it works.
- floatingatoll 7y ago
  Is the game skill-based (poker) or luck-based (slot machine RNG)?
  - dangero 7y ago
    The game is a mix of skill and luck. The reward is not affected by your game performance —- win or lose you receive the same loyalty points. Thats what makes it neither a game of skill or gambling.

dangero 7y ago

We don't mine Bitcoin on users resources this is a witch hunt. I have nowhere mentioned mining and our app does not mine. Mining only works with huge ASIC farms mostly in China with cheap power. We are not involved in this at all. Our app has ads, like many apps do. That's the primary way we make money. We give users loyalty points for playing the game, they can cash those out for a very small amount of Bitcoin that is it.

knighthack 7y ago
Is your "primary" way the only way you make money through the app, or is there a secondary mechanism for making money through it?
- dangero 7y ago
  Right now the other source is Coinbase referrals -- they have a referral program for new users that we onboard. You can google it to see how it works.
floatingatoll 7y ago
Is the game skill-based (poker) or luck-based (slot machine RNG)?
- dangero 7y ago
  The game is a mix of skill and luck. The reward is not affected by your game performance —- win or lose you receive the same loyalty points. Thats what makes it neither a game of skill or gambling.