Reddit reminisces defunct 'Bitcoin faucet' website that gave away 19,700 BTC ...
It may sound shocking today, but in 2010 software developer Gavin Andresen was on a mission to give away free BTC in an effort to boost adoption. Reddit’s r/Cryptocurrency community revived an interesting piece of Bitcoin (BTC) history on Sunday, with a new thread reminiscing about the time that American software developer Gavin Andresen gave away 19,700 BTC. A thread started by “uGroundbreakingLack78” took the Reddit community all the way back to June 2010 when Andresen first launched the so-called Bitcoin faucet website. Using the domain “freebitcoins.appspot.com,” Andresen allowed users....
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Today faucets are used mostly by people trying to earn Bitcoin micro-income. Faucets nowadays supply a small amount of Satoshis (anywhere between 50-10,000) every few minutes. Bitcoin faucets have been around ever since Bitcoin started out more or less. The idea of faucets is simple – visit the faucet in order to get a small amount of Bitcoin to experience your first Bitcoin transaction. The first Bitcoin faucet ever created was made by Gavin Andresen on late 2010. The faucet gave out 5 whole Bitcoins to every user (at the time these were worth around 8 cents). Since then Bitcoin has....
CryptoBatesGroup has just launched Crypto Giveaways, an ad-free and newbie-friendly cryptocurrency faucet website. Bitcoin faucets are the ideal place to collect free Bitcoin, but they are often covered with pop-ups and advertisements, frustrating the visitor and sometimes putting them off visiting faucet sites again. CryptoGiveAways.org is a new take on the Bitcoin faucet. Driven by community donations, the site contains no pop-ups or advertisements while still providing precious coins. To claim free Bitcoin is a few clicks, confirming your email address and coin address. The founders’....
On behalf of the Bitcoin Faucet, Gavin Andresen has returned 726 bitcoins (approximately $95,000) that were in limbo to the Electronic Frontier Foundation (EFF) - a non-profit organisation that defends free speech, privacy and consumer rights - after a two-year history of the money being sent back and forth. The move comes after the EFF last month said it would once again accept bitcoins via BitPay after a two-year freeze on the currency. Andresen reportedly told the EFF: "I'm satisfied to see these bitcoins will be used as they were intended - as a donation to support the work of the....
By completing simple tasks, users can use a crypto faucet to earn modest coin payouts (similar to the minuscule drops of water trickling from a leaky faucet). On blockchains like the Ethereum Mainnet, fees represented in the blockchain's cryptocurrency units must be paid for transactions to be performed and recorded. From exchanges, one can purchase Ether (ETH), the native cryptocurrency of the Ethereum blockchain, and pay the transaction costs. However, alternative Ether distribution mechanisms are utilized on test networks like Rinkeby and scientific research blockchains like....
Reddit has removed ads impersonating the Trezor shop, the most recent incident of fake bitcoin websites that scam users. Trezor advertises its bitcoin wallet as a secure home for bitcoin, but that does not prevent scammers from capitalizing on its name for malicious purposes. The Reddit administrators removed the ads more than 12 hours ago, according to a Reddit post. Reddit readers who notice malicious ads are encouraged to email Reddit at /r/r/reddit.com. Reddit Users Sent To Fake Site. Reddit users were directed to a cloned version of the Trezor site, according to The Merkle. Any order....