Bitcoin birthday reminder: You could have been a millionaire using this tool - page 2.

Lucius

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Quote from: krishnaverma on January 04, 2023, 12:01:30 AM

You had to solve old style captcha which would have taken like -10 seconds and 5 bitcoins were yours in return. If you did this once a day, you could have been a millionaire today.

That faucet didn't last long because even then there were people who abused everything they could, and your reminder doesn't really make much sense considering that everyone could mine Bitcoin on their computer back then, and the reward per block was as much as 50 BTC. Therefore, if you claim on that faucet every day in one month (30x5 = 150 BTC), while with only one mined block per day, you would have even 1500 BTC per month.

Quote from: krishnaverma on January 04, 2023, 12:01:30 AM

Were you aware of this news ?

Most people know about that faucet, but in the context of the time it existed, I don't believe anyone got rich using it. Those who mined at that time probably said even then that it was a simple waste of time.

btc_angela

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Quote from: krishnaverma on January 04, 2023, 12:01:30 AM

Today is bitcoin's 14th birthday. So here is a reminder for you. In 2010, Gavin created a Bitcoin faucet that gave users bitcoin for solving captcha. You had to solve old style captcha which would have taken like -10 seconds and 5 bitcoins were yours in return. If you did this once a day, you could have been a millionaire today.

Here is what the website looked like in past

https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/

Were you aware of this news ?

That's a long time ago though, no one thought that bitcoin will be so big right now. And not only this, there are numerous example in the past, we have seen a lot of tweets as well for some old supporter of bitcoin who sold them early and now regretting their decisions.

If we could have seen this, then for sure many of us will jump on the early bandwagon and probably keep tons in our wallet to become a millionaire.

But it's not to late though, I guess we can still be crypto millionaire in the future if we keep on accumulating.

Dave1

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Well we have this in our community, everyone can visit the original thread here: Get 5 free bitcoins from freebitcoins.appspot.com.

I'm sure some of you will find this thread priceless as you can see another legendary bitcoin personality there replying, laszlo and others (including satoshi himself Grin

).

SquirrelJulietGarden

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Merit: 775

It is always easy to look at the past and say if.

Now we are living in the present and we are deciding our future with our decisions and activities. We actually can avoid regret if we make right decisions for what we believe in. 90% of Bitcoin in total supply was mined by miners so far and not many bitcoins left as rewards for mining and miners.

Controlled supply and the chart Bitcoin inflation vs. Time are good tools for us to avoid regret if.

worle1bm

full member

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I have missed the opportunities preety late as well like back in 2015-16 also when I heard about bitcoin but didn't invest in it at that time so it's just past regret that we can have in present but nothing can be done.We think if we have done it in past we would have been millionaire but the thing is if you make that move timely and it gives you return in future.But we all have somehow missed it but some are still millionaire even after investing late so now there is no point in making such imaginative scenario in our mind.

Plaguedeath

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So what? are we need to collect every faucet right now in order to become a millionaire lol.

The main point is holding, so regardless any way you can earn Bitcoin easily at the early time, if you're not hold your coins until now, you wouldn't become a millionaire. Just start DCA-ing Bitcoin when it's still cheap. There's a high chance the next bull run might reach $100,000.

kryptqnick

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In 2010, I was too young to engage in earning money or to understand how financial operations work. But among those who managed to learn about Bitcoin so early and tried the faucets, I'm sure the majority would lose what they got or sell whenever it costs anything significant (say, at $50 per coin). So it's all very hypothetical. Overall, I agree with Rikafip that it doesn't matter. I think we should focus on reality and on how to behave going forward.

Rikafip

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Quote from: krishnaverma on January 04, 2023, 12:01:30 AM

In 2010, Gavin created a Bitcoin faucet that gave users bitcoin for solving captcha. You had to solve old style captcha which would have taken like -10 seconds and 5 bitcoins were yours in return. If you did this once a day, you could have been a millionaire today.

I see absolutely no point thinking about what you could have/should have done more than a decade ago as it won't do you any good. The same goes for all those articles during bull run with titles such "if you spent $100 on bitcoin 12 years ago now you would have xyz millions". The only thing that it achieves is newbies investing in altcoins instead of bitcoin, thinking that they are too late while they should focus on getting bitcoin now.

pooya87

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Quote from: krishnaverma on January 04, 2023, 12:01:30 AM

You had to solve old style captcha which would have taken like -10 seconds and 5 bitcoins were yours in return. If you did this once a day, you could have been a millionaire today.

This way of thinking is exactly why there are very few "millionaires" around. You are thinking of gaming a system (the faucet) that was not supposed to be used that way to earn peanuts! This is while there were (as there are today) lots of better ways to honestly earn a much larger amount of bitcoin. For example you could have turned your computer on and used your CPU to mine a single block to earn 50 bitcoins as the reward! Or even you could have spent $100 to buy 2000 bitcoins!

Outhue

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Who could have thought that Bitcoin will work out as intended? No one, that's why people sold their Bitcoin very early, I played with a few faucets years ago and I sold everything for less money, no regrets.

Today it's harder to sell Bitcoin because we have come to understand how valuable this asset is, Bitcoin is the hardest asset to get for free, it's the most scarce with very low inflation, mostly on par with Gold.

krishnaverma

full member

Activity: 1442

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Today is bitcoin's 14th birthday. So here is a reminder for you. In 2010, Gavin created a Bitcoin faucet that gave users bitcoin for solving captcha. You had to solve old style captcha which would have taken like -10 seconds and 5 bitcoins were yours in return. If you did this once a day, you could have been a millionaire today.

Here is what the website looked like in past

https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/

Were you aware of this news ?

Topic: Bitcoin birthday reminder: You could have been a millionaire using this tool - page 2. (Read 364 times)