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
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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