0 sats \ 5 replies \ @nullcount 23 Jun 2022 \ on: I'm Sergej Kotliar, CEO of Bitrefill. AMA. bitcoin
When will users be able to widthdraw their BTC rewards? Redeem for gift card is so lame.
To elaborate further, we're not relying on venture capital in the same way as some other companies in our space do. So we have limited resources in what we can give away, and we chose to focus those on those of our users that want to keep using our service.
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Rewards are an incentive for users to keep coming back. If rewards were withdrawable they'd just be discounts :)
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If you can't withdraw, its not Bitcoin. Bitrefill's "Bitcoin Rewards" are not Bitcoin. Its just a token created by Bitrefill pretending to be BTC. Its contributing to the "paper Bitcoin problem".
I can't self custody my rewards. Being able to widthdraw rewards is a good feature pair with the Thor channels.
I would open a Thor channel just to widthdraw rewards.
Even robinhood has finally let their users withdraw BTC.
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You're right, it's not bitcoin, it's rewards denominated in btc. If it were BTC we would have to require verification of all customers.
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Fold let's you widthdraw rewards with no verification.
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