In June 2010, American Bitcoin developer Gavin Andresen launched a website known as the Bitcoin Faucet.



This website would reward visitors with 5 BTC for simply completing a CAPTCHA — which is a basic test to prove you’re human. You didn’t need to pay, mine, or trade anything — just solve a tiny puzzle.�

At the time Bitcoin was nearly worthless — 5 BTC might’ve been worth only a few cents. But as Bitcoin’s value skyrocketed over the next decade, that same 5 BTC became worth hundreds of thousands of dollars.�

The faucet distributed roughly 19,700 BTC total as it continued giving out coins to users.�

It was intended to get more people familiar with Bitcoin in its early days, not as a scheme to make people rich.�

The site eventually shut down as the giveaway became unsustainable with Bitcoin’s growing popularity and higher value.
#BTC #viral
BTC-1.63%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)