It is if you wait long enough, I wouldn't put too much effort into it but just as a page that loads on browser open is hardly a big ask. If we went back to 2016 era it might be that the faucet payout was 1000 satoshi or even double that or more and that's now half a dollar. We didn't know but its pretty much the same for all of crypto that it doesn't add up to much at first. Take the faucet and gamble it on slim odds the event nobody thinks will occur but might, then nothing is lost but maybe a gain; depends how people want to play it. People lack imagination and patience to wait, I think the site now with event bets is far broader interest.
If you look at it that way you could have go back to first days of freebitcoin where you could have made maybe 1 bitcoin in a year if you worked for it, and 50k dollars for a years' work is more than enough for most people, not just third world countries neither, we are talking about the biggest and richest nations in the world, if you live in USA, UK, Germany, France etc etc those places are still fine and great for 50k a year.
But, the point is you would be doing it 5-6 years ago when bitcoin was unknown, and of course the price went up when it became more known, but the same amount of increase can't happen now, we are talking about bitcoin at under 100-200 dollars and now it is 50k, that is 250 times the increase and for that to happen again we would need the 50k to become 12.5 million dollars per bitcoin and let's be honest that is not going to happen anytime soon, not in this decade at least.
If they knew that bitcoin would skyrocket, then they wouldn't give away that much bitcoins. I remember how easily I won 0.002 bitcoins in some rolls, nowadays it's roughly $100. Btw you could easily collect 1 bitcoin in the timeframe that you mentioned. For an indian guy, 50K in one year would be impressive, amazing but for a person who lives in California, USA, it would be nothing amazing. Depends on the country, for some people it's the amount of money that can really help them to have a dream life because it's easy to start a business in certain countries and doesn't require high capital.
Btw it doesn't matter, the past is in your head, the future is in your hand and freebitco has never been so great, they rock right now.