Topic: In 2015, faucets are bad for bitcoin - page 19. (Read 25956 times)
Faucet is a tool for promotion. When a person is not familiar with bitcoin, he gets some free ones, play with it, send and receive. It costs no money to him initially, just his time. Gradually, he will be familiar with bitcoin, and becomes a fan of bitcoin.
If you consider also doge faucet,they aren't so bad, in a couple of hours you have enough to play properly on low stakes.
Btc ones are totally bad on the other hand
Btc ones are totally bad on the other hand
Something that everyone might be missing with faucets is this. When newbies start out with Bitcoin, they do not trust the technology. They will be hesitant to drop their own money on something they know very little about. There are also so much negative reporting in the media, and this increase the uncertainty.
Faucets offer these newbies a risk free option to use none of their own money to experiment with Bitcoin. It makes adoption so much easier, if you can experiment with some else money. ^hmf^
Faucets offer these newbies a risk free option to use none of their own money to experiment with Bitcoin. It makes adoption so much easier, if you can experiment with some else money. ^hmf^
Also to OP, mining btc is basically sitting around doing nothing and getting paid for it, so that argument is extremely weak.
There's an initial investment, the cost of electricity and you need to monitor your mining rig. That's not the best comparison.
And I would argue that (work/payoff): faucets>>>>>>mining. With faucets there is also the cost of electricity, and you are doing work on the keyboard. And the reward is exceedingly small.
If you want to work for about $0.02 per hour then faucet away!
On a serious note. That is not even what they pay the labourers in mexico or child labour in india to do their work.
Is your time really worth that much? Even clicking on ads pays you that for 1 minute of your time.
We can not simply ignore faucets, it has many factors influenced with bitcoin ecosystem.
1. Faucets are initial attractions for new comer into bitcoin
2. Today's less amount of satoshi may worth hundreds of dollars in future.
3. Faucets help bitocin to reach many new wallets.
4. Faucet owners buy bitcoin to refill. But users never get enough fund to sell in exchange.
5. Facets are better than PTC sites. Means, bitcoin has refreshed one online industry.
1. Faucets are initial attractions for new comer into bitcoin
2. Today's less amount of satoshi may worth hundreds of dollars in future.
3. Faucets help bitocin to reach many new wallets.
4. Faucet owners buy bitcoin to refill. But users never get enough fund to sell in exchange.
5. Facets are better than PTC sites. Means, bitcoin has refreshed one online industry.
Yes faucets are eternal part of bitcoin environment. Most of the people get into bitcoin for the reason of free money which is still possible only with faucets. Like you said faucets help bitcoin community in many big ways. So, we can not simply ignore faucets.
Faucet are still a busiest bitcoin earning sources. Many faucet owners still need to refill their account some time more than once per day. This means bitcoin community still look for faucets for some free bitcoins by simply solving captchas.
Yes faucet will attract new face to bit coin who will at least create wallet. And like if you open bank accounts you will try to fill it with some money people will try to earn more bitcoin and if they fail they will even try to buy them. In this way faucet are good for adoption of bitcoin and it should stay for some more years.
I don't think faucets are bad. they encourage people to play a bit with their coins; maybe that's how they get into BTC
Also to OP, mining btc is basically sitting around doing nothing and getting paid for it, so that argument is extremely weak.
There's an initial investment, the cost of electricity and you need to monitor your mining rig. That's not the best comparison.
And I would argue that (work/payoff): faucets>>>>>>mining. With faucets there is also the cost of electricity, and you are doing work on the keyboard. And the reward is exceedingly small.
If you want to work for about $0.02 per hour then faucet away!
Also to OP, mining btc is basically sitting around doing nothing and getting paid for it, so that argument is extremely weak.
There's an initial investment, the cost of electricity and you need to monitor your mining rig. That's not the best comparison.
And I would argue that (work/payoff): faucets>>>>>>mining. With faucets there is also the cost of electricity, and you are doing work on the keyboard. And the reward is exceedingly small.
When BTC started, nobody had any and it was worthless, so it was right to give away thousands of BTC to make it popular. All that has changed. Now that BTC's worth something, now that companies are building on BTC, now that serious business transactions are made with bitcoin, it's about time for faucets to adapt.
BTC is real. It's money, and you've got to work to earn some. I hope all faucets will disappear in 2015. Faucets are hurting bitcoin by making some people believing you can get it while doing nothing sitting in your home. No, BTC isn't like that, and it shouldn't be any easier to get than any fiat currency. Even for small amounts.
BTC is real. It's money, and you've got to work to earn some. I hope all faucets will disappear in 2015. Faucets are hurting bitcoin by making some people believing you can get it while doing nothing sitting in your home. No, BTC isn't like that, and it shouldn't be any easier to get than any fiat currency. Even for small amounts.
Faucets are only good for those running them because they get ad revenue.
Faucets could be beneficial to new altcoins.
Faucets are good. They redistribute the coins to people. No one is going to care to try Bitcoin out if they have to buy it, but if you can get some symbolic amount for free to experiment with transactions, creating addresses, sending to friends and whatnot. This way it can get you interested and this person might stay arround. If the entrance is buying, is not as appealing. We need this because we are still a small community compared to the rest of the world, 2015 is still very early days.
Also to OP, mining btc is basically sitting around doing nothing and getting paid for it, so that argument is extremely weak.
There's an initial investment, the cost of electricity and you need to monitor your mining rig. That's not the best comparison.
Very true. I see miners as business owners, and that's exactly what they are. The BTC fan mining on his home computer when he's at work is long gone. If you've seen the pictures of the Chinese farm in China (sorry, I can't find them right now), they're paying people to monitor their equipment 24/7.
We can not simply ignore faucets, it has many factors influenced with bitcoin ecosystem.
1. Faucets are initial attractions for new comer into bitcoin
2. Today's less amount of satoshi may worth hundreds of dollars in future.
3. Faucets help bitocin to reach many new wallets.
4. Faucet owners buy bitcoin to refill. But users never get enough fund to sell in exchange.
5. Facets are better than PTC sites. Means, bitcoin has refreshed one online industry.
1. Faucets are initial attractions for new comer into bitcoin
2. Today's less amount of satoshi may worth hundreds of dollars in future.
3. Faucets help bitocin to reach many new wallets.
4. Faucet owners buy bitcoin to refill. But users never get enough fund to sell in exchange.
5. Facets are better than PTC sites. Means, bitcoin has refreshed one online industry.
Yes faucets are eternal part of bitcoin environment. Most of the people get into bitcoin for the reason of free money which is still possible only with faucets. Like you said faucets help bitcoin community in many big ways. So, we can not simply ignore faucets.
Believe it or not, My Referrals make me around 60 K Satoshi a week, Me without even logging into my account, Once a week i go and withdraw what i have earned. If you take in real longterm consideration, of about 10-20 years, Just like back in the day, 5 bitcoins were given each roll. These 700- 800 satoshi per roll may become 70-80$ or may be even higher. Its not bad to have the additional income which in future may be life changing one. Bitcoin will create new elites thats for sure.
And you still claiming that faucets are worth it? I can't see how.
I understand your thinking that 60k is not worth it due to the amount of time. But what happens if Bitcoins value does go up to 10,000 dollars a coin. He does that for 1 year, he has a lot of money. this is not even including anything that he does extra of course. Bottom line, faucets probably won't make you rich. But it isn't a waste
Believe it or not, My Referrals make me around 60 K Satoshi a week, Me without even logging into my account, Once a week i go and withdraw what i have earned. If you take in real longterm consideration, of about 10-20 years, Just like back in the day, 5 bitcoins were given each roll. These 700- 800 satoshi per roll may become 70-80$ or may be even higher. Its not bad to have the additional income which in future may be life changing one. Bitcoin will create new elites thats for sure.
And you still claiming that faucets are worth it? I can't see how.
If they think they can make good money by doing almost nothing, they will quickly see they can't, so it is not a problem.
And some people get into BTC because of faucets, so they are no harm.
And some people get into BTC because of faucets, so they are no harm.
Faucets introduce bitcoin for the most,faucets potencial income without have to spend a penny is huge ,making 0.01btc daily from referals is 0.30 btc montly without do nothing.... soo btc are bad for who?Besides these even google is making thounsands on faucets with the advertisements.
Also to OP, mining btc is basically sitting around doing nothing and getting paid for it, so that argument is extremely weak.
There's an initial investment, the cost of electricity and you need to monitor your mining rig. That's not the best comparison.
And I would argue that (work/payoff): faucets>>>>>>mining. With faucets there is also the cost of electricity, and you are doing work on the keyboard. And the reward is exceedingly small.
Another thread where everyone posts the same fucking response. You people and this forum in general are pathetic.
Also to OP, mining btc is basically sitting around doing nothing and getting paid for it, so that argument is extremely weak.
Not if you have multiple places with mining equipment. You are not on you butt all day doing nothing.Also to OP, mining btc is basically sitting around doing nothing and getting paid for it, so that argument is extremely weak.
You are constantly monitoring all the hashrates and removing the ones that are not performing to your liking.
And to your quote about responses to threads on the forum, that is how forums work bud. Let mods do their jobs unless you are one, if not then ignore the topic. Simple solution to your argument on this problem.
Have a nice day
Another thread where everyone posts the same fucking response. You people and this forum in general are pathetic.
Also to OP, mining btc is basically sitting around doing nothing and getting paid for it, so that argument is extremely weak.
Also to OP, mining btc is basically sitting around doing nothing and getting paid for it, so that argument is extremely weak.
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